Rising Acceptance of AR/VR Products Boosts Volumetric Video Industry

The volumetric video market was USD 2,377.4 million in 2023, which will touch USD 13,939.6 million, growing at a 28.8% compound annual growth rate, by 2030. 

The growth of this industry is because of the increasing rate of technological advancement, mounting use of AR/VR products, and rising expenses on the development of sports technologies.

Moreover, the arrival of 5G brings the advantages of low latency with high bandwidth and speed, allowing the incorporated provision of such video content. With this, the rising uses of this technology in holograms, gaming, brand experiences, training, and metaverse assist the industry expansion.

In 2023, North America was the largest contributor to the industry, with a 55% share, and it is likely to remain the largest in the years to come. This is because of the high pace of acceptance of developed technologies like VR, MR, and AR; the growing requirement for attractive signage and advertisements, and the existence of many companies.

APAC is likely to advance at the highest compound annual growth rate in the years to come. This is because of the large customer base for all sectors, the increasing standard of living of people with disposable salaries, quick urbanization, the growing need for enhanced sports-watching experiences, and the surging volume of specific image-guided surgical measures.

With the increase in the acceptance of AR or VR, the volumetric video industry will continue to progress in the years to come.

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Surface Computing Market is Led by North America

The surface computing market was USD 61.2 billion in 2023, and it will rise to USD 505.5 billion, powering at a 35.3% compound annual growth rate, by 2030.

To learn more about this report: https://bit.ly/3NTBNKA

This growth is mainly because of the surging use of natural user interfaces for interacting with users. Additionally, surface computers have multi-touch as well as multiuser technologies, which assist in the identification of various objects physically with the help of touch. 

Moreover, they are employed for different applications, such as revolving, resizing, choosing, and moving, allowing the identification of objects in real-time.

The curved category, on the basis of display type, is likely to advance at a higher rate, of 35.6%, in the years to come. This can be because these devices have developed visual quality, enhanced efficiency, and reduced eye strain.

North America is the largest contributor to the industry, and it will remain the largest, generating USD 33.6 billion, by 2030. This can be mainly because of the increasing disposable salary as well as the existence of major companies.

APAC is likely to advance at the highest rate, of 35.8%, during this decade. This is because of the rising acceptance of innovative and new technologies, the growing need of customers for more immersive experiences in the digital world, and high funding by several tech giants in this region. 

With the increasing acceptance of natural user interfaces for interacting with users, the surface computing industry will continuously advance in the coming years.

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Dedicated Freight Has a Major Share in the Train Dispatching Market

The size of the train dispatching market was USD 1,042.9 million in 2023, and it will power at a rate of 8.3% by the end of this decade, to touch USD 1,811.3 million by 2030. The growth has a lot to do with the growing railroad tech and mounting degree of urbanization. Also, the snowballing need for smart cities is boosting this growth at a global level.

To learn more about this report: https://bit.ly/48JufSv

Dedicated freight has a major share, of about 45%, due the necessity to provide effective, ecological, cost-effective, fast, and dependable delivery of goods. Furthermore, when run competently, trainsets make use of less fuel and emit less emissions, therefore improving the eminence of the air and minimalizing the carbon footprint. Currently, as opposed to road transport, railways emit one-fifth less GHG per ton transported and kilometer traveled.

The services category will power at a higher rate. For increasing throughput on the current rail infra, freight and passenger train timetables must be enhanced. The transformation of networks includes regular advancements, upkeep, and operational monitoring. To aid attain all these purposes, implementation, support & upkeep, and training & education services are needed by operators and maintenance agencies.

North America train dispatching market is leading, and it will continue in the future as well, with around USD 0.5 billion in 2030. This is credited to the existence of important players and rising count of high-speed rail projects.

The U.S. is the regional leader, and it will power at a rate of 8.5% in the future. This has a lot to do with the rapid acceptance of cutting-edge technologies, including ML, AI, and the internet of things, to improve competence, precision, dependability, and safety.

The rising degree of urbanization has a lot to do with the increasing demand for train dispatching solutions. This trend will continue in the years to come as well.

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Electronic Gadget Batteries Market Will Advance at a 16.3% CAGR

The electronic gadget batteries market was USD 15.9 billion in 2023, which will increase to USD 45.6 billion, growing at a 16.3% compound annual growth rate, by 2030.

Random memory and storage, processors, an operating system, Wi-Fi, and various other components of software and hardware present in personal computers are all found in portable computing products. 

Therefore, rechargeable batteries assist in powering these electronic products. Also, the chosen technology of the battery impacts the user interface, mobility, and performance of devices.

In 2023, the OEMs category, based on end user, accounted for the major share, of 65%. This can be because lithium-ion batteries are essential for achieving the goals of mobile computing battery OEMs in enhancing device efficiency, price competitiveness, and battery life.

In 2023, the portable PCs category, based on application, led the industry, with a 40% share. This will be because portable PC batteries are extensively utilized in Chrome books, laptops, and notebooks as these rechargeable gadgets are employed to produce and store electricity, allowing portable PCs like laptops to run without a power cord.

Additionally, lithium-ion batteries are the most common laptop batteries type. They are accessible in different configurations, based upon the workload weight, CPU speed, RAM, screen size, and other measurements to keep the laptops functioning for many hours.

North America is likely to advance at a 16.4% compound annual growth rate in the years to come. This will be mainly because of the advancements in technology, the existence of major companies, and the enhanced consumer electronics sector in this continent.

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Fiberglass Market Will Reach USD 49.1 Billion By 2030

The global fiberglass market is expected to reach an estimated USD 30.1 billion in 2023 and grow by 7.3% during the period between 2024 and 2030, reaching a value of USD 49.1 billion over that period. This is mainly due to the exclusive features of fiberglass, like high tensile strength, high resistance to chemicals, relatively low density, and non-flammable nature. Therefore, it has applications in many industries, like aerospace, construction & infrastructure, automobile, wind energy, septic tanks, boats, and water tanks.

On the basis of type, the E category is leading the industry, with the largest share of 25%, in 2023. This is mainly due to the special features of E glass, like resistance to vibrations and abrasion, higher specific resistance than steel, and good flexibility. Thus, E glass fibers are utilized on a large scale as an insulator for electrical conductors, in the textile sector, and for manufacturing advanced composites.

In 2023, composites claim the majority share by application, primarily attributed to the numerous advantages of fiberglass composites when compared to conventional materials like wood and steel. These composites offer cost-effectiveness, resistance to corrosion, strong structural capabilities, and minimal maintenance needs. Consequently, the growing adoption of fiberglass composites in industries such as automotive, aerospace, and construction is anticipated to propel market growth throughout the forecast period.

In 2023, the APAC region commands a market dominance with a 50% share. This is attributed to the widespread use of fiberglass across various industries, a rise in industrialization levels, and the substantial population in China and India. Additionally, the market in the APAC region is expected to experience growth during the forecast period due to increasing disposable income and the presence of major players.

The fiberglass sector is driven by the replacement of conventional materials with fiberglass across various industries.

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Surgical Procedures Market is Driven by Surging Cancer Incidence

The surgical procedures market was 110.0 million procedures in 2023, and it will reach 137.5 million procedures, advancing at a 3.3% compound annual growth rate, by 2030.

To learn more about this report: https://bit.ly/48EXDt3

The growth of this industry is mainly powered by the increase in the incidence of cancer. Furthermore, the growing pace of technological developments in surgical procedures, such as the arrival of robotic surgical procedures, is a key aspect boosting this industry.

In 2023, the obstetric & gynecologic (OB-GYN) category, on the basis of type, led the industry, with approximately 30% share. This is ascribed to the rising occurrence of gynecological illnesses like endometriosis, ovarian cysts, polycystic ovary syndrome (PCOS), uterine & ovarian cancer, pelvic inflammatory ailment, chronic pelvic pain, and adenomyosis.

The ophthalmic category, on the other hand, will advance at the fastest rate, of approximately 3.7%, in the years to come. This will be mainly because of the increasing occurrence of different ophthalmic ailments, such as glaucoma, diabetic retinopathy, and cataracts.

Furthermore, the industry in the category is advancing because of the mounting aging population and the rising occurrence of eye conditions owing to diminishing eyesight and longer screen time.

In 2023, the hospitals category, based on provider, was the largest contributor to the surgical procedures market, with approximately 45% share. Moreover, this category will remain the largest throughout this decade.

The growth of this category is because of the enormous number of surgeries conducted in these healthcare settings across the globe, coupled with the mounting prevalence of various chronic illnesses.

Whereas, the ambulatory surgery centers category will propel at the fastest compound annual growth rate, of 3.5%, in the coming years. This is because of the booming count of such centers, the treatment cost-efficiency offered at these facilities, and the rising acceptance of minimally invasive measures and cosmetic procedures.

North America was the largest contributor to the industry in 2023, with a 50% share. This is because of the existence of a well-developed healthcare infrastructure, shifting fondness toward outpatient surgeries, and a greater acceptance rate of technologically developed devices.

Moreover, the surging occurrence of ailments like gastrointestinal, orthopedic, and cardiac disorders in this continent also assists the industry expansion.

APAC is likely to advance at the fastest rate, of approximately 3.5%, in the years to come. This is because of the arrival of developed surgical technologies, the flourishing healthcare sector, and the advancing medical tourism industry in this region.

Additionally, the expansion is also assisted by the rising consciousness regarding chronic disorders, coupled with the increasing occurrence of neurological disorders and traumatic injuries.

It is because of the surge in the occurrence of cancer, the surgical procedures industry will continue to advance in the years to come.

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North America was the Leader of the Multiplex Assays Market

The multiplex assays market produced USD 3,918 million revenue in 2023, and it will power at a rate of 9% by the end of this decade, touching USD 7,103.5 million by 2030.

To learn more about this report: https://bit.ly/4aNVHAn

The main factor powering the industry is the growing incidence of chronic ailments and infectious diseases. Also, the growing requirement for effective analytical platforms in research and medical diagnostics, to decrease the costs for researchers, healthcare providers, and patients, is a robust contributor.

On the basis of product, the consumables category led the industry with a share, of 45%, in 2023. It was because of the increase in the count of diagnostic tests and surge in research actions by life sciences companies.

For example, in January 2023, Novo Nordisk, a pharma company, publicized a USD 6-million grant for Durham Technical Community College, for supporting the later’s life sciences program and set up a novel training center with area of 35,000 square feet.

The protein-based category led the multiplex assays market, with a 50%, share in 2023, due to the growing applications of these kinds of products in proteomics studies. Furthermore, protein-based assays are extensively used in research to recognize the protein concentration, electrophoresis, cell biology and other analytes.

The flow cytometry category led the industry in 2023, because of the numerous applications of this tech in the discovery and measurement of proteins and RNA and in the assessment of cell health.

For instance, Life Sciences Core Facilities, the Flow Cytometry Unit, Weizmann Institute of Science’s is making the use of imaging flow analyzers that combine the high-amount quantification of flow cytometry with microscopy and aid in the study of post-translational alterations and protein, protein interactions in different contexts.

North America led the industry with a share of 55%, in 2023, and it will power at a considerable rate, as a result of the increase in the research and development activities by biotech and pharma companies for the expansion of new drugs and diagnostic solutions. 

For example, in Jan 2023, PharmaEssentia Corporation publicized plans for a new PIRC in Greater Boston, Massachusetts. Likewise, in October 2022, Lineage Cell Therapeutics Inc. publicized the opening of a novel research and development facility in California and the development of its GMP-compliant capability in Israel. Lineage’s novel facility in California will extend its R&D competences in the U.S. and support the expansion of present and future allogeneic cell transplant programs.

It is because of the growing prevalence of chronic and infectious diseases all over the world, the demand for multiplex assays is on the rise. This trend will also continue in the years to come as well.

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