Industrial Starches Market To Touch $169,971.8 Million By 2030

 In 2021, the industrial starches market stood at $97,623.6 million, and it is projected to reach $169,971.8 million by 2030, advancing at a CAGR of 6.4% from 2021 to 2030. The food industry majorly uses industrial starches in the form of additives, owing to their gelling, film-forming, thickening, and stabilizing characteristics. Moreover, because of the stringent regulations of government agencies, such as the FDA and FSSAI, regarding the quality of food products, there has been a surging demand for these starches all around the globe.

The extensive government support in numerous countries assists in the efficiency of the global supply chain and the attainment of national food security amid hunger crises. This and the presence of a strong logistical network justify the negligible impact on the agriculture sector of the outbreak of COVID-19. Furthermore, there was a positive impact on the pharmaceutical industry, with the surging starch use in medicines and drugs. However, most industries, including textile and paper & pulp, were shattered, but with the removal of lockdowns, the market will grow consistently in the forecast period.

Under segmentation by source, corn will spur the industrial starches market growth, being a prominent raw material. The overall corn production in 2022 exceeded the 2021 numbers by more than 7%, on account of the swift expansion of the food processing and agricultural sectors. Starch is used in various forms in the paper industry, such as coating agents, surface sizing agents, and wet-end additive agents. The inherent environmental benefits over the conventional plastic raw materials, primarily biodegradability, drive the market.

The highest revenue generator in the industrial starches market was native starch, accounting for an around 30% share, in 2021. There is a high popularity of native starch in the food processing industry as a stiffening agent, to provide stability and texture to the food. Additionally, it can be used to bring a loose mixture together, being a binding agent. Moreover, there is a skyrocketing demand for natural-ingredient-based food, as consumers are well-informed about the environmental impact, nutrient content, and safety aspects of food in the long term.

APAC will dominate the industrial starches market and exhibit quick expansion in the forecast period. This will be due to the rising yield of starch sources in developing nations, which is resulting in the escalating number of product offerings. In addition, there is greater adoption of starches in industries such as paper and textile. Moreover, the growing young population, higher disposable income, and, consequently, the rising purchasing power of consumers, accompanied by the snowballing demand for starch-containing food, will provide lucrative opportunities for the regional market.

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Why Will North America Dominate Satellite Spectrum Monitoring Market?

 By 2030, the worldwide satellite spectrum monitoring market is predicted to reach $6,127.3 million from $3,291.2 million in 2021. It is expected to advance at a CAGR of 7.1% from 2021 to 2030 owing to the need for improving signal interference because of satellite proliferation and rising spectrum congestion, as a result. Moreover, the increasing investment spending by entrepreneurs in this business, coupled with government initiatives, will help the market boom. Moreover, the space sector will experience significant growth due to innovations such as air-breathing propulsion systems, electronic propulsion systems, and reusable launch vehicles. 

Satellite Spectrum Monitoring Market Report 2022-2030

As the count of internet users rises, the volume of the data generated is also increasing, which congests the satellite spectrum. This will drive the satellite spectrum monitoring market, as a smoothly working spectrum is necessary for fast data transmission . In 2021, there were approximately 5.2 billion internet users all around the world, as per Internet World Stats.  The surging usage of non-geostationary orbit satellite systems, 5G, high-altitude platform stations, and IoT will compel IT and telecom to utilize multiple frequencies of the radio spectrum, thereby driving the market.

Networks are economical and also offer adequate data transfer rates, thus giving better comfort and mobility to users. However, economical pricing results in increased signal traffic, which deteriorates the quality of the service by leading to congestion and interference in the satellite spectrum. This emphasizes the dire need to constantly look at the spectrum’s current state with regulators, which is consequently resulting in a higher need for an advanced satellite spectrum monitoring system. The system spots the less-efficient areas and provides an interference-free atmosphere for several services and users. Furthermore, there is a skyrocketing demand for these systems due to the rising count of global satellite launches.

North America dominated the satellite spectrum monitoring market in 2021, standing at revenue of $1,291.2 million. This trend will continue in the forecast period, with the market predicted to grow at a CAGR of 7.0%. This can be ascribed to the existence of highly competitive market players who provide and improve the satellite spectrum monitoring solutions. For instance, Amazon and SpaceX have recently launched satellites for network and broadband applications. This will further push wireless technology usage and crowd the unlicensed spectrum, thus driving the need for monitoring solutions.

With an increasing number of internet users, coupled with the enormous investments by entrepreneurs, the market will observe significant growth. 

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How Do Automated Solutions Increase Efficiency of Food Processing Companies?

 The busy lifestyles and rising trend of packaged and processed food, considering hygiene and the nutritional value, are resulting in the increasing demand for fruit and vegetable processing equipment in factories. There is a consistent increase in the demand for processed food items, such as mango and other fruit pulps, chutneys, pickles, canned fruits and vegetables, frozen peas, cauliflowers, and other vegetables, ready-to-eat and ready-to-serve products.

Therefore, in 2021, the fruit and vegetable processing equipment market stood at $5.6 billion; it is expected to have a 6.9% CAGR from 2021 to 2030, to generate $10.2 billion in revenue by 2030. It will be due to the burgeoning demand for automated processing equipment, as it facilitates increased efficiency, decreased manual labor requirement, and less time consumption. The burgeoning consumption of ready-to-eat food provides opportunities to the mushrooming start-ups and giants in the food processing industry to invest in automated processing machines and garner more profit.

At the heart of all, the growing population and its rising disposable income are resulting in the increasing investment in pre-processed food items, especially processed fruits and vegetables. The rise in the trend of veganism is also driving the demand for fruit and vegetable processing equipment, attributed to the advance of the plant-based food industry. According to dealsonhealth.net data, around 79 million people are vegan. The vegan market will hit $24.3 billion in revenue by 2026. Since veganism solely includes fruits, vegetables, and grains, this trend has been driving the demand for fruit and vegetable processing equipment.

The highest demand for such equipment is in APAC, as India and China are the largest producers of fruits in the world. According to CIPHET Ludhiana, around 18% of the fresh horticulture produce is wasted each year due to poor post-harvest management, while less than 2% of the perishable horticultural produce is processed into value-added products. These statistics hint at a huge scope of fruit and vegetable processing in India, especially considering the country’s initiatives to boost local manufacturing.

The U.S. is the third-largest country in terms of ready-to-eat and packaged food consumption, which signifies the booming demand for fruit and vegetable processing equipment in the country. It has a vast array of food processing companies to cater the requirements of people. The Food and Drug Administration regulations ensure the safety and nutritional value of processed food. It ultimately builds the trust of people in ready-to-eat, ready-to-cook, ready-to-serve, frozen fruits and vegetables, also aided by people’s high disposable income and strong focus on organic produce.  

Thus, the rising usage of pre-processing equipment is attributed to the need to decrease the time consumed in the cleaning process, without compromising the food products' hygiene and quality standards. Pre-processing equipment cleans off the pesticides and other substances used during farming to protect the crop. Moreover, packaging and handling equipment is widely utilized to increase the shelf life of the products, often in compliance with the stringent packaging and labeling standards around the world, including those implemented by the FDA and FSSAI.

Therefore, the rapid urbanization and busy lifestyles of people are driving the demand for fruit and vegetable processing equipment, attributed to the focus of food processing companies on catering to the need of the people for ready-to-eat and frozen food products.

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Gallium Nitride Semiconductor Devices Market To Reach $72,813.1 Million by 2030

 The gallium nitride semiconductor devices market shall touch $72,813.1 million in 2030 from $12,084.6 million in 2021. Moreover, the market is predicted to grow at a 22.1% CAGR from 2021 to 2030 owing to the lower costs of GaN semiconductor devices in comparison to silicon variants, swifter device speed, and greater efficiency of energy. Furthermore, the global market is influenced by the rising count of robot shipments, which increased by 100,000 in 2022 from 500,000 in 2020.

The rapid integration of advanced technologies in electronics will drive the gallium nitride semiconductor devices market. It is projected that by 2025, mobile data traffic will reach 160 exabytes every month. The surging demand can be satisfied by supporting high data transfer rates and large bandwidths through extremely high-frequency bands. For instance, 5 mmWave ranges from 24 GHz to 300 GHz will offer smooth connectivity, enhanced performance, and increased coverage. Capitalizing on the new technology, an American telecommunication company launched a mmWave 5G network in 2020, accompanied by the introduction of the S20 Ultra and Galaxy S20 Plus.

The opto-semiconductors category led the product type segment of the gallium nitride semiconductor devices market in 2021, generating revenue of approximately $5.0 billion. This can be attributed to the wide usage of semiconductors in several sectors, majorly consumer electronics and aerospace & defense, for numerous devices. Additionally, the application of these devices in the automotive sector, for pulse-powered laser systems and automotive lights, is rising, which, in turn, will fuel growth in the market. A lucrative opportunity for market players in the opto-semiconductors market is the surging demand for ADAS.

Within the component segment, the power ICs category will rule the gallium nitride semiconductor devices market from 2021 to 2030. Because of the need for real-time air traffic control, efficient navigation, and collision avoidance, the requirement for GaN-based power ICs is increasing. These factors will offer opportunities to the key players by increasing the demand for these components. Moreover, the technological advancements in power ICs designed for telecom and automotive applications by top manufacturers will augment growth in the market.

North America dominated the gallium nitride semiconductor devices market in 2021, and it is expected to continue this trend in the future, by generating approximately $26 billion revenue in 2030. This can be credited to the greater adoption of smartphones and increasing internet penetration. As per predictions, more than 50% of this region will be covered by a 5G network by 2030, which would fuel growth in the economy. Furthermore, all of this will go hand in hand with the aggressive investments in media and content abilities, IoT applications, and 5G services.

Thus, the rising demand for power semiconductors in energy-efficient wired communications, with the consistent efforts of internet service providers for reduced latency, smooth connectivity, and enhanced capacity via optical cables, will drive this market.

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How Does High Rise Structures Boost Structural Metal Products Market?

In 2021, the structural metal products market size stood at $448.3 billion, and it is expected to grow at a rate of 6.1% from 2021 to 2030, to acquire $764.0 billion in revenue, attributed to the rising construction activities led by infrastructure development worldwide. The surge in demand for structural metal products is attributed to their physical properties, including pest and mold resistivity, sustainability, and cost-effectiveness, propelling the market. The government-led infrastructure development projects such as railways and highway construction drive the market.

The infrastructure development activities to manage the transportation drive the structural metal products market. For instance, the massive usage of metal liners, casings, plates, culverts and bar joints in highway, railways and bridge construction leads to the expansion of the market. The government support to fund these infrastructure projects results in growing opportunities for businesses to generate more revenue. Highway construction activities are expected to rise in the near future, resulting in market proliferation.

Under the product segment, the support and structure category generate a significant structural metal products market revenue amounting to more than 35%. There is an expected increase in the demand for these products, majorly for the construction of staircases, sheds, decks, and skyscrapers. Fabricated metal structural beams are more preferred in construction due to their long life, good grip and fire resistance properties. Numerous fabricated metallic supports and structures companies are established in Germany, attributed to the rise in construction for residential and construction buildings. 

The residential sector holds the largest structural metal products market share. It is expected to retain the same position in the coming future. The rising infrastructure development activities in Africa are attributed to the increased requirement for residential buildings resulting in market expansion. Moreover, the market is expected to witness a surge in non-residential sectors. For instance, the Belt and Road Initiative will increase China’s import and export of steel for infrastructure development activities within the region. The construction of roads, railways and ports will result in a market boom. 

North America dominates the structural metal products market, attributed to multi-story residential construction. The demand for structural steel is rising in the region, attributed to the construction of open-air stadiums, power plants, petroleum refineries and power plants. The non-structural applications of structural steel include the construction of transportation facilities, marine structures, rack systems and mobile homes. The APAC structural metal products market is expected to grow at a rapid rate in the near future. 

Therefore, the surge in infrastructure development activities attributed to the construction industry's expansion led to market penetration.

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How Does Automotive Industry Boosts Polyurea Coatings Market?

In 2021, the polyurea coatings market valued at $995.2 million, and it is projected to reach $2,553.5 million by 2030, growing at a CAGR of 11.0% from 2021 to 2030. It is attributed to the growing awareness of environmental problems. Polyurea technology holds a significant share of the coatings industry, attributed to the high research and development investments. Under the end-user segment, the construction and transportation industries dominate the market. The surge in polyurea coatings demand in the defense sector propels the market. 

The aromatic isocyanates are the higher polyurea coatings market revenue generator under the raw material segment, amounting to 69.7% of the revenue. Aromatic isocyanates are comprised of amine hydroxyl groups that react to generate polyurea coatings. The aromatic isocyanates are used as basecoat. Aromatic isocyanates are highly utilized in the automotive industry, leading to market proliferation. The weather conditions of North America and Europe led to an increased usage of aromatic polyurea coatings. 

The automotive and transportation industry holds the largest polyurea coatings market share, ofthe  25.7%. The application of the polyurea coatings on the automobiles’ exteriors, such as trucks and two-wheelers, is driving the market, attributed to high resistivity from external physical and thermal pressure. Polyurea coatings are popular in Germany, Japan and China. The German automobile industry, which has household names such as Volkswagen, Mercedes, Opel, and BMW, contributes almost 20% of the industrial output of the country in terms of the value. 

The truck manufacturers highly utilize spray-on protective coatings due to the enhanced look and long-term protection, resulting in proliferation of polyurea coatings market. It is gaining popularity due to its properties, such as resistivity to corrosion, abrasion, and UV rays. The appealing look of the substrates and equipment safety offered by the polyurea coatings drive the market. Polyurea coatings are utilized on vehicle chassis as an alternative primer and as a topcoat on the vehicle’s body. The polyurea coatings market is expected to grow, attributed to the rising traction of heavy-duty vehicles on the road. 

Therefore, the expansion of the construction industry led by increase in infrastructure development activities is driving the market.

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How Will Greater Adoption of Technologies Drive the Smart Home Appliances Market?

 In 2021, the smart home appliances market valued at $34.8 billion and is likely to reach $139.0 billion by 2030. The market is predicted to grow at a  16.6% CAGR from 2021 to 2030 owing to enhancing the lifestyle of consumers, greater adoption of technologies, and gradually increasing smartphones and internet penetration. With the emergence of COVID-19, the demand for these appliances increased as, after the outbreak, almost all the people worked from home and required smart applications to perform the monotonous tasks with ease. 

The smart home appliances market is driven by aggressive investments by people toward home improvement or redesigning projects to upgrade the conventional households and adapt to the changes in the current market dynamics. There is a paradigm shift in consumer preferences toward a smart home owing to their change of preferences, complicated and busy lifestyle, coupled with an increasing disposable income which will improve the purchasing power. The equity of the homeowner is significantly surging with an improvement in home value. This trend is in favor of the owners who are focused on home improvement. 

Wi-Fi technology will have a positive effect on the smart home appliances market growth being the easiest way to use smart devices. Wi-Fi-enabled appliances will approximately reach $68 billion by 2030 and account for total sales of around $16 billion in 2021. This can be ascribed to its features of working with a huge amount of data by default through proper infrastructure. The computer manages aa the applications through Wi-Fi. With an improvement in automation technologies and worldwide internet penetration, the market for smart appliances will boom.

Within the distribution segment, the smart home appliances market is bifurcated into online distribution channels and offline distribution channels. It is projected that the online sales of these appliances will advance at a higher growth rate. This can be credited to increasing consumer preferences in e-commerce and the rapid expansion of digitalization, especially among working professionals. Furthermore, the benefits offered by online distribution channels like e-retailers start-ups and e-commerce websites will drive the market such as the wide variety of products, enhancing accessibility of products through home delivery, annual sales benefits, and discount coupons. 

The residential sector plays a prominent role in the smart home appliances market growth because of snowballing demand for smart home appliances in this sector at a swift pace. The residential sector dominated the market in 2021, generating a revenue of approximately 70%. Being aware of the latest trends in the market, the consumers are increasingly inclined toward connected home solutions in an attempt to build a convenient living space and upgrade the standard of living.

The largest market for smart home appliances is APAC because of the rapid urbanization, growing population, and skyrocketing demand for luxury housing projects in the region accompanied by surging disposable income will pave the way toward smart homes. This, in turn, will have a positive effect on the technically advanced products in the region. This innovation is driven by the diversifying of the products offered and rising investments in R&D activities by prominent market players to attain a competitive edge.

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