Global Industry Analysts, Inc. - Influencer Driven AI Powered Real-Time Market Intelligence

The global market for Coffee Shops is projected to reach US$237.6 billion by 2025, driven by the silent importance and role by them in our society. Coffee is the second most popular beverage after water. Not surprisingly coffee performs a very important social function and plays a vital role in building social relationships. Since coffee consumption transcends geographic and cultural boundaries, it widely considered as a social lubricant helping people bond, communicate, build relationships and enjoy. Given the pleasurable experience of coffee consumption, coffee shops have become social places for people to handout, talk, write, read, and study. It provides a cozy intimate living room atmosphere for causal customers reading a book; a connected environment with free-Wi-Fi for busy customers on a laptop; a cheerful environment for socializing friends; offers a romantic environment for dating couples.    Coffee shops have therefore become icons of urban neighborhoods. They...

The global market for Affective Computing is projected to reach US$131 billion by 2025, driven by growing awareness over the real importance of emotion in advancing the capability of artificial intelligence (AI) technology. Given that human decision making processes is a complex combination of cognitive functions and emotional, also known as affective functions, machines will need to understand and respond to human emotions in order to function effectively, efficiently and safely alongside humans. Emotional intelligence is therefore the next logical step in the evolution of AI based machines in order to help humans fully realize the many benefits of the technology. Few the factors which indicate affective computing as ripe for commercial growth include rapid proliferation of AI and the continuous quest for emotionally responsive AI for a more natural interaction between humans and machines; need for emotion-detection and emotion intelligence becomes more important than ever as AI...

The global Die Casting market is projected to reach US$94.1 billion by 2025, driven by the growing demand for lightweight yet high performance components in industries ranging from electronics, lighting, automotive, aircraft, telecommunications, medical equipment, and hydraulics, among others. Die Casting, over the decades, has emerged into a widespread and extremely popular metal forming and processing process for producing metal parts. Defined as a process wherein molten metal is poured into a die-casting mold using high pressure, die-casting offers numerous advantages such as enabling high-speed production; ability to produce complex geometric shapes with precision; eliminates the need for machining; reduces material wastages; high degree of dimensional accuracy and stability; die-cast parts are heat resistant and have higher mechanical strength than plastic injection moldings; enables smooth or textured metal finishing; ability to be easily electroplated with little or no su...

The global Industrial Chocolate market is projected to reach US$62 billion by 2025, driven by the robust popularity of affordable, mass-produced confections. Industrial chocolates have made chocolates an affordable luxury. Chocolates have emerged to be one of the most successful foods in human history. Humans and chocolates have a long and serious history that dates back 5000 years to the Mayo-Chinchipe culture. Today, chocolates have evolved from being the food of the rich to the masses, a modest luxury for all to enjoy. Industrialization of chocolates has largely helped achieve this. Economies of scale stemming from large scale procurement of cocoa and automation of the manufacturing process from cacao bean to the final chocolate bar have helped reduce price of chocolates. Unlike boutique chocolates, industrial chocolates are manufactured with quality that is consistent and repeatable. Today, demand for cheap yet high quality chocolate continues to be high with chocolate making ...

The global Continuous Renal Replacement Therapy (CRRT) market is projected to reach US$1.5 billion by 2025, driven by the growing incidence of acute kidney injury (AKI) and the resulting rise in hemodynamically unstable patients. Few of the factors leading to AKI include sudden blockage of urine due to enlarged prostrate or kidney stones; kidney toxicity caused by medications; autoimmune kidney diseases such as acute nephritic syndrome and interstitial nephritis; and accidental trauma or injury to the kidneys. The aging population and the increase in the number of hospitalized elderly are also pushing up the incidence of AKI. This is because older patients in ICU with high blood pressure, chronic liver or heart diseases are at a high risk of having AKI. Benefits of CRRT driving its acceptance as a standard practice for hemodynamically unstable ICU patients include the continuousness of the therapy is physiologically similar to a normal kidney and is therefore safe and effective; ...

The global Airport Construction market is projected to reach US$1.4 trillion by 2025, driven by growing government focus on building infrastructure which is key to economic growth and societal evolution. While governments in developed countries are investing predominantly for infrastructure replacement and upgrades, in developing countries investments are directed towards the creation of new infrastructure. The new budgetary focus on infrastructure comes at a time when infrastructure around the world is collapsing as a result of chronic underfunding of critical infrastructure. Posed to benefit in this regard is airport infrastructure. The global aviation industry has evolved considerably over the years and is currently regarded as a key barometer of the economic health of a nation. Airports and airlines link countries and cities across the globe facilitating worldwide trade, business trips, and tourism, all of which are of great importance to the economic prosperity of a given nat...

The global Label-Free Detection market is projected to reach US$1.3 billion by 2025, driven by growing drug R&D, rising competitive pressure to reduce cost of drug development and the resulting need for cost-effective and efficient screening technologies. Traditional label-based assays are beset with drawbacks such as high cost associated with label preparation; lower levels of sensitivity and accuracy as measurements are made indirectly using a labeled reactant; risk of certain antigen/antibody reactions not being detected; requires multiple steps and is time consuming; and tendency to modify the physicochemical or binding properties making accurate drug characterization difficult. In this regard, label-free assays for biochemical and cell-based drug discovery is growing in importance due to the many benefits offered such as ability to identify difficult target classes, better insights offered into drug binding kinetics and drug residence time; highly sensitive detection of ...

The global Hybrid Memory Cube (HMC) and High-Bandwidth Memory (HBM) market is projected to reach US$4.7 billion by 2025, driven by the blistering pace of growth of AI-assisted technologies, increase in AI workloads and the ensuing need for more memory in AI servers. Making data readily available for AI initiatives is key for successful AI projects and this requires data to be stored closer to the processing tasks to speed up data processing and deliver business value by providing timely and actionable insights. On an average, AI servers require over 8 times the amount of DRAM capacity and over three times the amount of SSDs when compared to a traditional server.  This need for memory will only grow bigger and more urgent with the growth of deep learning, machine learning, expanding size of neural networks and emergence of newer and more complex neural networks such as Feedforward Neural Network, Radial basis function Neural Network, Kohonen Self Organizing Neural Network, Recu...

The global LED Backlight Display Driver ICs market is projected to reach US$2.4 billion by 2025, driven by the growing importance and demand for portable consumer electronics such as smartphones, tablets, cameras, notebook PCs , computer monitors and TVs, among others. The era digitalization has brought to fore the importance of digital displays and their screen resolution. Screen size and screen resolution are important for consumers, given that digital displays are the primary Human-Machine Interface that allows a user to interact with a device. With the emergence of smart wearables like smartwatches, quality and visual performance of displays have taken an even more important turn. In this regard, LED backlighting is immensely benefiting given that screens lit by LEDs provides more brightness and illumination, saves power, offers better color visualization, generate less heat (an important benefit in laptops and smartphones) ; compatibility with screens with glossy or matte fi...

The global Tiller Machine market is projected to reach US$2.5 billion by 2025, driven by the robust outlook for floriculture and environmental horticulture; and lucrative opportunities in the agricultural sector. The growing consumer emphasis on leading healthy, active, outdoor lifestyles is creating new opportunities in gardening.  A growing number of homeowners are investing in DIY gardening projects. The trend towards outdoor/backyard living with furnished patio, dining area, barbeque kitchens, activity areas like swimming pool, lounge area is creating increased need to maintain gardens and outdoor landscapes. Also, the growing focus on organic foods is resulting in a growing number of consumers developing their own organic vegetable gardens in their backyards. Given that garden spaces increase home value, there is growing interest in planting different types of shrubs, trees, and herbaceous plants in residential yards. In addition, municipalities are stepping up their inves...

The global Farm Tractors market is projected to reach US$93.7 billion by 2025, driven by the growing world population; the rising pressure on food production, productivity and yields; and growing importance of mechanized agricultural technologies against the backdrop of spiraling labor costs and labor shortages. Key benefits of mechanization driving its importance in sustainable agriculture include increases land productivity; relieves the burden of labor shortages; decreases the environmental footprint of agriculture; increases crop quality & yield in unit area; efficient use of expensive inputs i.e. seeds, fertilizers, pesticides & water; lower food prices & higher farm profits; and makes food security goals more attainable. Few of the factors driving uncertainty in labor availability and putting food security goals at risk and accelerating adoption of agricultural machinery as a coping strategy include reducing share of population working in agriculture as countrie...

The global market for Interface IP is projected to reach US$1.2 billion by 2025, driven by the growing value of semiconductor intellectual property core as a key asset capable of influencing competitiveness of vendors. Benefits of semiconductor IP for vendors include ability to accelerate the adoption of new standards; reduce the complexity of designs; revenue generating asset in the form of royalty and licensing revenue. In an industry characterized by blistering pace of change, technology convergence and increased complexity of devices, changing chip architectures towards integrated single chips   (System on Chip /SOC designs), and reducing time-to-market, pre-designed IP   cores/blocks are becoming increasingly important and valuable. Leveraging technology for licensing is quickly emerging to be a profitable, lucrative and an important aspect of semiconductor entrepreneurship. Companies are therefore focusing on the creation of successful IP design, given that IP is a...

The global market for Public Safety LTE is projected to reach US$3 billion by 2025, driven by the growing global momentum for managing disaster risk against the backdrop of climate change and the resulting increase in the number of extreme weather events and associated economic losses. Climate change aggravates severe weather events such as tornadoes and hurricanes and emergency response support system (ERSS), in this regard, play vital roles in reducing deaths and damage to property. Given that effective communication is key in managing emergency events, LTE is rising in popularity as an emerging wireless broadband technology that brings hitherto unthought-of improvements to public safety communications from spectrum availability, cost competiveness to reliability. Public safety LTE is defined as the use of LTE mobile broadband communication for the use of mission critical communications which were hitherto implemented on LMR and TETRA Networks. Currently, a large percentage of ...

The global market for Animal Parasiticides is projected to reach US$10.9 billion by 2025, driven by the growing focus shed on animal health against the backdrop of humanization of pet animals and growing concerns over the safety of foods of animal origin. In the livestock industry, health of farm animals is closely linked to quality and safety of animal derived food. The world is increasingly awakening to impact of animal diseases on food safety. Food borne illnesses cause the healthcare system billions of dollars in preventable medical health services. Therefore significant focus is being shed on animal health management. Parasites, both external and internal, are a major cause for production loss in the livestock industry claiming the life of 1 in 5 animals. In farm animals, parasites can retard growth and livestock productivity by stealing nutrition. In pigs, parasites such as trichinella spiralis, taenia solium and toxoplasma gondii cause foodborne diseases in humans. Against...

The global market for Enterprise Manufacturing Intelligence is projected to reach US$5.2 billion by 2025, driven by the growing focus on improving manufacturing competitiveness against the backdrop of factors such as dynamic market environments, rapidly changing consumer needs and expectations, growing proficiency of competitors, cost pressures and disruptive rise of myriad technology options. The competitive load on the manufacturing sector is intensifying as the era of globalization creates boundary less business and trade transactions. In the face of low cost competition from China, manufacturing companies in North America, Europe and Southeast Asia are feeling the urgent need for improve their manufacturing competitiveness. And key in this regard is the use of business intelligence (BI) tools to assimilate data and generate insights that can improve production processes and productivity. Given that the manufacturing industry has inherently complex, multiple, convoluted operat...

The global market for Data Historian is projected to reach US$1.1 billion by 2025, driven by the rise of industrial big data and the growing importance of storing process data for time-series analysis to extract phenomena like long-term trends, cyclical fluctuations and anomalies.  With modern businesses operating in data-intensive environments, data is at the core of about every vital business decision. Data volumes are increasing at an alarming rate with organizations becoming more scattered and large number of sensors being used. Consolidating and managing the large amount of industrial big data derived from various devices, systems and applications has become a major challenge for industries. On the other hand, rapid expansion of businesses has further increased the need for precise information to make accurate decisions. Growing in popularity under this scenario is data historian also called as operational historian or process historian, and defined as an intelligent soft...

The global market for Agricultural Sprayers is projected to reach US$2.9 billion by 2025, driven by growing food security concerns and the ensuing focus shed on yields and crop productivity. Sprayers are essential piece of farm equipment that plays a key role in influencing effective crop production. Defined as implements used on farms to spray pesticides, herbicides, fungicides, defoliants and water, agricultural sprayers are ubiquitous farm equipment. Machine-operated sprayers are growing in popularity against the backdrop of the strong emphasis laid on mechanization.  Given that the most important goal in agriculture is ensuring uniform distribution of fertilizers and pesticides throughout the crop foliage, there is significant R&D activity focused on developing innovative sprayers that save time, manual labor, and achieve consistent spray coverage with as little chemicals as possible. Given the growing environmental and health concerns associated with pesticides,  ...

The global market for Autonomous Farm Equipment is projected to reach US$128.8 billion by 2025, driven by growing government and private sector investments in intelligent agriculture as the future of sustainable farming. Major factors playing key roles in catalyzing revolutionary changes in agricultural technologies include growing population and food demand; escalating shortages in arable land due to soil pollution and use of agricultural lands for industrialization and urbanization; need to increase yields per acre; shortage of labor; growing carbon footprint of agricultural activities; and rising urgency in addressing sustainability issues such as unacceptable rise in pesticide residues, soil degradation, water wastages, herbicide resistance in plants, and preventable losses in planting, growing, and harvesting. All of these factors catalyze the concerns surrounding food security, and opens up new revenue possibilities and opportunities for automation in agriculture. Achieving...

The global market for Planting & Fertilizing Machinery is forecast to reach US$15.5 billion by 2024, driven by the untapped potential offered by low levels of farm automation in developing regions and replacement sales in developed markets supported by continuous innovation and addition to new technology features and functions. A key trend driving sales growth is the need among agriculturists across the globe to hedge the risks posed by worsening labor shortages with automated machinery and meet farm productivity goals to remain competitive and support national level food security goals. Against the backdrop of population growth, the need to increase food production by achieving optimum productivity on limited arable land is rendering mechanization of farming activities a necessity. Benefits of mechanization making it an important national priority in agriculture development include increase in per man productivity; increased production in the form of higher yield of land per...

The global market for Harvesting Machinery is forecast to reach US$36.8 billion by 2024, driven by the acute pain of agricultural labor shortages made more intense against a backdrop of growing population and food demand, urgent need for arable land expansion and farm productivity improvements to achieve food security goals. Other major factors spurring growth in the market include prioritization of agricultural development in several countries; increased government subsidies and availability of credits for advanced agriculture technologies; farm consolidation in developed countries and a parallel rise in demand for large sized agricultural machines and vehicles; growing prominence of climate change adaptation planning in agriculture and the ensuing shift towards biofuel operated harvesting machinery; growing investments and land acreage committed to energy crop cultivation against the backdrop of rising demand for biofuel consumption and stringent fuel blending regulations. The ...

The global market for E-Beam Wafer Inspection System is projected to reach US$1.2 billion by 2025, driven by the growing demands placed on semiconductor companies to optimize yield management. The focus on metrology and high performance quality control is therefore increasing. Rapid digitalization and evolution of Internet of Things (IoT), Artificial Intelligence (AI), and machine learning technologies are driving the need for faster, smaller, low power devices, bringing in new challenges for semiconductor manufacturers. While wafer size is increasing from 200 mm to 300nm, critical dimensions of semiconductor circuits (patterns) is rapidly shrinking to 0.13 µm and 0.10 µm. As critical dimensions shrink, identifying defects becomes more difficult and time-consuming. However, in order to ensure profitability and production efficiency, yield limiting defects need to be identified early on in the manufacturing flow. Wafer defect inspection is therefore emerging into an important step i...

The global market for Chromatography Accessories and Consumables is projected to reach US$13.5 billion by 2025, driven by the widespread use of chromatography. Chromatography is a ubiquitous yet important biophysical analytical technique used in pharmaceutical, chemicals, food and environmental testing laboratories for separating chemical mixtures. In environmental laboratories, it is used to separate and identify pesticides and metal residues in environmental samples. In the food industry, it is used to separate, identify and analyze additives, vitamins, preservatives, proteins and amino acids. In the pharmaceutical industry it is used in quality control to analyze the purified drug compounds such as insulin, plasma, and enzymes for trace contaminants. Growing interest in proteomics research and protein drug development is helping expand the business case for chromatography amplifying its use in protein purification based on characteristics such as size and shape, total charge, ...

The global market for Transparent Ceramics is projected to reach US$1 billion by 2025, driven by emerging new applications and innovation in manufacturing and fabrication technologies that encourage production of transparent bulk ceramics. Benefits of transparent ceramics over conventional ceramics include higher thermal resistance than glass or resin; stronger, harder with high impact resistance; high optical clarity; durability, resistance to chemicals and corrosion; high transparency grade to over > 92% relative transparency, among others. All of these beneficial material properties are opening up new application possibilities for the material and new revenue generating potential for the market. Few of the emerging applications include increasing use in building transparent ballistic glass and armored land/air tactical platforms against the backdrop of a military sector busy adapting to a changing battlefield; new uses in medical optics where the unique optical & mechanic...

The global market for Microplate Systems is projected to reach US$950 million by 2025, driven by growing applications in life sciences/biotechnology research, pharmaceutical drug development, food safety testing and clinical diagnostics. Few of the macro factors priming these end-use markets for higher growth and technology adoption include rising healthcare burden shaped by growing population, aging population, spread of infectious diseases, rising prevalence of chronic lifestyle diseases, need for newer more effective drugs, and the resulting increase in healthcare R&D investments. Microplate systems are ubiquitous laboratory equipment comprising microplates, microplate readers, and microplate handling equipment. They play a key role in automation of bioassays encompassing biochemical and cell-based assays. High Throughput Screening (HTS) utilize microplates. Clinical laboratories in this era of digital health are rapidly migrating towards the use of specialized, electronic...

The global market for Pet Accessories is projected to reach US$41.1 billion by 2025, driven by the emerging pet loving culture worldwide made hugely popular by media coverage on celebrities and their furry friends. Pet population comprising dogs, cats, birds and other animals is on the rise. Few of the factors responsible for rising pet population include aging population and empty nesters who adopt pets to fill the void; increase in households with multiple pets; higher incomes; and growing number of single person households and unmarried or childless households. Growing number of households with children are also adopting pets with research studies revealing pets to have a positive impact on children such as preventing depression and loneliness; develop motor skills by feeding and grooming dogs; encourages outdoor activity such as regular walks with dogs; promotes emotional development by encouraging responsibility involved in caring for pets; and ability to treat behavioral pr...

The global market for Internet of Things (IoT) Analytics is projected to reach US$51.7 billion by 2025, driven by growing investments in IoT across industries and the resulting focus on return on investments (ROI) delivery. Following the over US$156 billion spent on IoT across industries such as Automotive,  Construction/Infrastructure, Consumer Electronics, Energy & Utilities, Healthcare & Lifesciences, Industrial/Manufacturing, and Retail, companies are now aiming at getting their money’s worth from the technology. And in this regard, “Analytics” is the tool that will help companies get the biggest bang for the technology buck. Key promised benefits of IoT include enhanced asset utilization, increase in organizational productivity, high cost savings, improved safety and security, reduced idle inventory, faster time-to-market, and creation of new revenue streams, among others. Realization of these benefits determines the ROI generated on IoT investments, which in tur...

The global market for Digital Signature is projected to reach US$8.2 billion by 2025, driven by the growing real-world losses of financial fraud against the backdrop of an increasingly digital world; and implementation of regulations that recognize the legality of digital signatures. Factors driving digitalization of the banking and payments sector include increased use of smart devices like smartphones and tablets for financial transactions; development of payment gateways and expansion of the app ecosystem surrounding digital payments. However, authentication and security remain prime areas of concern, making customer trust the subtle but real driver of digital commerce and banking. As businesses undergo digital transformation, especially banks and financial institutions, in their front and back office operations, they are increasingly acknowledging the link between customer recognition, convenience, trust and fraud risk. A large portion of customers’ trust today emerges from the...

The global market for Automotive Control Panel is projected to reach US$129.4 billion by 2025, driven by electronification and electrification trends, and the resulting increased interactions in a connected semi-autonomous car. Intuitive and safe automotive controls are gaining significant importance in automobile designs. An adroit balance of usability, performance and safety are key features for vehicle interfaces that need to be balanced for a successful control system design. Today, the key selling point for auto OEMs is performance of the electronics, unlike earlier when a car’s road performance took precedence. The transition to motorized controls increases the importance of automotive control systems. The growing proliferation of touchscreen vehicle head units and center console units has created a safety challenge for OEMs. Automotive touchscreens have hit the peak of inflated expectations in their hype cycle, driven mostly by vendor assisted marketing and promotional str...

The global market for Industrial Cleaning is projected to reach US$65.5 billion by 2025, driven by the growing focus shed on maintaining clean and healthy work environments as manufacturing companies seek to increase worker productivity and well-being and enhance manufacturing quality and standards. Build-up of dirt, chemicals, solvents, mold, pathogens and other pollutants in plant floors can pose serious health hazards for workers, costing manufacturing companies billions of dollars in lost productivity and health reimbursements for sick or ill workers. In addition to worker health, manufacturing machines and equipment are also prone to failures and breakdowns when regular cleaning is not undertaken. Cleaning of industrial equipment reduces wear and tear and protects capital investments. Given of importance of cleaning and decontamination, a growing number of companies are investing in professional cleaning services and products. In an industrial setting cleaning is most often re...

The global market for Electrical Enclosure is projected to reach US$8.1 billion by 2025, driven by the massive quantities of electricity produced and consumed worldwide, and the ensuing focus on safe electricity use and consumption. Other major factors driving growth in the market include ubiquity of power electronics; implementation of strict electrical safety regulations; continuous technology innovation in materials; upgrades of power and energy infrastructure; projected increase in renewable energy generation amidst rising environmental awareness and shift towards non-fossil fuel sources; frequent upgrades of enclosure performance standards; and robust demand for explosion-proof enclosures in the oil and gas industry, among others. Benefits of electrical enclosures driving their adoption and making them a staple in electrical best practices include ability to dissipate heat thus contributing towards equipment safety; enhanced employee safety and reduces the risk of electrical f...

The global market for Retail Omni-Channel Commerce Platform is projected to reach US$12.7 billion by 2025, driven by the growing business opportunity for eCommerce against the backdrop of the fact that the consumer purchase cycle is increasingly characterized by seamlessly shifting across channels and devices. Modern consumer behavior is rapidly changing with most consumers buying on various channels, making purchase cycle long, interconnected and complicated. Few of the factors highlighting the fact that a large majority of people shop across channels include emerging data that shows over 90% of customers in the United States switch between devices during the same day; modern customers today use an average of 6 touch-points for shopping that include physical store, online store, smartphone, PC, laptop and tablet; and to avoid shipping fee, increasing number of customers prefer to shop online and pick-up instore. Customers expect physical store inventory information to be featured ...