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

The global market for Automotive Ceramics is projected to reach US$1.8 billion by 2025, driven by the rise of new materials gaining ground in automobile manufacturing. A large variety and types of materials are used to manufacture a car such as iron, aluminum, steel, glass, rubber, petroleum products, copper, and steel. These materials over the years have evolved to become more reliable, durable and safer. Automotive materials are today in the technology spotlight as OEMs face intense pressure to build cars that are sophisticated, smart, powerful, lightweight, energy/fuel efficient, and viable for end of life recycling. Several of the demands placed on vehicle characteristics are paradoxical in nature. For instance, lightweighting should be achieved without loss of strength and speed properties; and engine downsizing for fuel economy should be implemented without compromising on vehicle torque and performance; among others. The scenario brings innovative materials to the forefro...

The global market for Aerospace Materials is projected to reach US$26.5 billion by 2025, driven by the growing value of advanced and sustainable materials for manufacturing aircraft in an era where strong engineering focus is shed on lightweight, fuel efficient and eco-friendly designs. As the aerospace industry gradually migrates towards a “cradle-to-beyond the grave” approach in the management of aircraft, sustainable materials will more than double in commercial value in the coming years. Commonly used aerospace materials include metal alloys and polymeric based materials developed and customized to aerospace needs for high fatigue loading resistance, performance, strength and heat resistance. Also, as the manufacturing industry adopts additive/3D manufacturing technologies, there is an urgent need for materials suitable for additive manufacturing platforms. Currently available materials with fabrication and microstructures compatible with additive manufacturing (AM) component...

The global market for Li-ion Battery is projected to reach US$91.8 billion by 2025 driven by their use in a wide range of energy storage applications. Among the applications, standing out as a major driver of growth is electric vehicles (EVs). Li-ion battery technology has a number of important and distinct advantages over competing technologies such as high energy density; lower rate of self-discharge as compared to Ni-Cad and NiMH; maintenance free unlike Ni-Cad cells which need to be periodically discharged to ensure elimination of memory effect; lightweight when compared to other battery types; higher temperature tolerance; fast and safe charging; longer life and durability; higher cycle life over 4000 to 5000 cycles; overthrows issues such as “Peukert’s losses” and “voltage sag” typically seen in lead acid batteries, among others. High energy density is an important benefit for mobile electronic applications such as smartphones, tablets and PDAs, since it means ability to ope...

The global market for Healthcare BPO is projected to reach US$371.2 billion by 2025, driven by the growing pressure on hospitals and healthcare organizations to reduce costs and enhance efficiency in all aspects of patient care and revenue cycle management (RCM) to survive in the era of value based care. Under the value-based care payment model where hospitals are paid or reimbursed only based on patient outcomes, healthcare organizations will need to reduce their overall costs by over 25% to 30% by the year 2022 in order to break even. The scenario catalyzes the importance, role and attractiveness of outsourcing. Benefits of outsourcing for hospitals include freeing up of resources to focus on patient care, CAPEX savings on infrastructure and technology, lower cost of operation, cost effective conformance to changes in regulations and standards related to patient data i.e. Health Insurance Portability and Accountability Act (HIPAA); easy access to specialists in the area of back ...

The global market for Conveyor System is projected to reach US$9 billion by 2025, driven by the strong focus shed on automation and production efficiency in the era of smart factory and industry 4.0 . Automating labor intensive operations is the starting point for automation, and as the most labor intensive process in manufacturing and warehousing, material handling is at the bottom of the automation pyramid. Defined as the movement of products and materials t hroughout the manufacturing process, material handling is labor intensive and expensive. Benefits of automating material handling include reduced human role in unproductive, repetitive and labor intensive tasks and the ensuing freeing up of resources for other core activities; greater throughput capability; better space utilization; increased production control; inventory control; improved stock rotation; reduced operation cost; improved worker safety; reduced losses from damage; and reduction in handling costs. Benefiting fro...

The global market for Plant Activators is projected to reach US$855.2 million by 2025, driven by the growing focus shed on plant immunity as the best strategy to increase yield productivity against the backdrop of the loss of arable land. Declining agricultural productivity is the starting point for increased use of innovative plant growth promoters and activators. Loss of agricultural land is a major concern that directly impacts the ability to produce food needed to feed the growing human population. On an average over 3.5 million hectares of agricultural lands are lost per annum worldwide due to land destruction/pollution, soil degradation, soil erosion, and loss of fertility. An additional 4.8 million hectares are lost due to land diversion for non-agricultural purposes such as urbanization, roads, industry, housing and infrastructure development. Highlighting the magnitude of land degradation and land conversion is the fact that in the United States alone over the last 35 to ...

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 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 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 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 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...

World market for Global Navigation Satellite System (GNSS) is projected to reach US$237.9 billion by 2025, driven by the growing focus on Positioning, Navigation, & Timing (PNT) tools in commercial, industrial, government and military applications.   The technology’s potential to offer benefits such as improved safety in transportation with full navigational visibility and end-to-end asset tracking, faster response in emergency situations, and superior efficiency in environmental quality monitoring, will continue to bolster growth in the market. Continuous technology advancements are leading to the launch of superior and highly effective GNSS devices, while technology maturity is resulting in the availability of lower priced GNSS/GPS receiver sets. Other major drivers include roll out of GPS III block satellites and increased commercial use of GPS and GNSS systems; full-fledged deployment of novel GNSS platforms including China’s Beidou/BDS; and growing convergence with sm...

The global market for Medical Fiber Optics is projected to reach US$1.4 billion by 2025, driven by the growing commercial value of fiber optics technology in surgical instrumentation, disease treatment therapies, diagnostic and imaging equipment, and sensor based wearable medical devices and textiles. Heavy utilization of imaging and growing preference for non-invasive surgery will drive a major chunk of opportunities in clinical imaging and endoscopy applications. Benefiting the market will be the rise in endoscopy procedures supported by advantages such as safety and effectiveness in both diagnosis and therapy; minimal morbidity and mortality; less scarring and faster recovery; and rising preference for endoscopic management of GI disorders especially against a backdrop of research studies linking chronic acid reflux and GERD with Barrett’s esophagus and esophageal cancer. The critical role played by radiology imaging in clinical decision support coupled with the growing healthc...

The global market for Immunoassay Systems is projected to reach US$31.6 billion by 2025 , driven by critical importance of assaying in research and diagnostic applications amid growing emphasis on early diagnosis of disease conditions and development of novel biomarkers. Improving access to healthcare and testing services in developing countries is another major market driver. Immunoassays are test procedures based on the specific immuno-reaction between an antibody and an antigen, for the determination of amount of an analyte in a test sample. Thanks to the steady expansion in immunodiagnostics, biomarker research programs, and technological advancements in the overall healthcare industry, world market for immunoassays systems evolved remarkably over the years, and continues to project a favorable outlook for the future. Rising incidence of debilitating conditions, such as diabetes, cardio-vascular ailments, infectious diseases, autoimmune disorders, allergy and cancer, fuelled ...

The global market for Solid Oxide Fuel Cells (SOFCs) is projected to reach US$3.1 billion by 2025 , driven by the ever increasing demand for electricity across the globe and rising focus on clean energy and renewable energy production. A type of fuel cell technology, Solid Oxide Fuel Cell (SOFC) generates energy by electrochemical conversion. The technology therefore finds attractive application in the energy generation industry. As a reliable, environment-friendly and low cost source of energy with long-term stability and sustainability, SOFC is poised to witness robust growth in the coming years. With per-capita consumption of electricity on the rise worldwide, the need to increase electricity production has become a top priority for governments across the globe. As governments seek to balance energy self-sufficiency goals and commitment to climate change agreements, SOFC is soaking up the spotlight as a clean technology of the future. By boosting electricity generation capabil...