Harshal J Profile

Conversational AI Market by Offering, Application, Organization Size, Deployment Mode, Sector (IT & Telecommunications, BFSI, Retail & E-commerce, Healthcare & Life Sciences, Travel & Hospitality, Education, Manufacturing) – Global Forecast to 2030

The Conversational AI Market is projected to reach $43.7 billion by 2030, at a CAGR of 23.9% during the forecast period 2023–2030. The growth of the conversational AI market is driven by the surge in demand for conversational AI solutions to improve call center operations and the proliferation of voice-enabled devices. However, a lack of accuracy in recognizing regional accents and dialects and low awareness about conversational AI solutions restrains the growth of this market. The high potential of AI-enabled voice assistants in the healthcare industry and the increasing proliferation of conversational AI solutions for sales and marketing management are expected to create growth opportunities for the players operating in the conversational AI market. However, data privacy and security concerns are a major challenge for market growth. Furthermore, AI chatbots with high emotional intelligence & the rise of voice-enabled assistants are the key trends observed in the conversational AI market.

Asia-Pacific Orthodontics Market by Product (Clear Aligners, Fixed Braces {Brackets, Wires [Nickel, Titanium], Anchorage, Ligatures}, Bonding, Adhesives, Springs, Tubes, Bands), Patient (Teen, Adult), and End User (Hospital, Clinics, Research) – Forecast to 2030

The Asia-Pacific Orthodontics Market is projected to reach $8.21 billion by 2030, at a CAGR of 17.2% from 2023 to 2030. Orthodontics is the branch of dentistry that corrects teeth and jaws that are positioned improperly. Removable braces, brackets, archwires, anchorage appliances, ligatures, and other orthodontic products are used in orthodontic procedures. Orthodontic products are used to correct malocclusions by straightening the teeth or moving them into better positions to improve an individual’s appearance and restore the normal function of teeth of chewing and speaking.

The Asia-Pacific orthodontics market is growing due to the high prevalence of malocclusion, growing demand for cosmetic dentistry, increasing number of dentists, and rising awareness regarding advanced orthodontic treatment are the factors driving the growth of this market. Furthermore, the considerable growth in emerging countries such as China and India is expected to offer better growth opportunities for market expansion. However, the limited reimbursement policies are expected to restrain the growth of this market to some extent. In addition, stringent government regulations, and lack of awareness regarding orthodontic treatment are the major challenges to the market’s growth.

Microbiology Testing Market by Product (PCR, Mass Spectrometer, HPLC, Stainer, Incubator, Microscopes, Kits, Reagents), Microorganism (Bacteria, Fungi, Virus), Application (Pharmaceutical, F&B, Environment, Cosmetic), End User – Global Forecast to 2030

The Microbiology Testing Market is projected to reach $21.4 billion by 2030, at a CAGR of 5.9% during 2023–2030. Microbiology tests are conducted in various industries such as pharmaceutical, diagnostic, food & beverage, cosmetic, and other industries to detect and restrict harmful microorganisms. The report covers microbiology testing products such as laboratory instruments and analyzers; kits and reagents; and other products, including petri dishes, pipettes, swabs, sterile pack bottles, and plates, to detect various microorganisms such as bacteria, fungi, viruses, and protozoa. These products are majorly used by hospitals and diagnostic labs, analytical and quality laboratories, and academic & research institutes.

The growth of this market is driven by the increasing burden of infectious diseases and outbreaks of epidemics, stringent regulations for microbial contamination in pharmaceutical and food & beverage manufacturing, technological advancements in microbiology testing, and the increasing private-public funding for research on infectious diseases.

Avalanche Photodiode Market by Material (Silicon, InGaAs, Germanium, Others), Sales Channel (OEMs, Aftermarket), End User (Aerospace & Defense, Commercial, Healthcare, Industrial, Telecommunications, Others), and Geography – Global Forecast to 2029

The Avalanche Photodiode Market is expected to grow at a CAGR of 3.9% from 2022 to reach $218.2 million by 2029. The growth of this market is mainly driven by the rising demand for avalanche photodiodes in healthcare devices and the growing adoption of avalanche photodiodes in fiber optics. In addition, the rising demand for photonics is expected to provide significant growth opportunities for the players operating in the avalanche photodiodes market.

Food Packaging Equipment Market by Type (Form-fill-seal Equipment, Cartoning Equipment, Filling & Dosing Equipment, Wrapping & Bundling Equipment, Case Packing Equipment), Application, and Geography – Global Forecasts to 2029

The Food Packaging Equipment Market is expected to reach a value of $25.37 billion by 2029, at a CAGR of 6% during the forecast period 2022–2029. By volume, this market is expected to grow at a CAGR of 8% from 2022 to reach 12,131.3 thousand units by 2029.The increasing integration of automated technologies and flexibility of machinery, the increasing demand for hygienic food packaging, and food manufacturers’ growing inclination towards using efficient food packaging products are some of the major factors driving the growth of this market. The growth of the packaged food industry in emerging economies and the growing usage of packaging as a product differentiation tool provide significant growth opportunities for market players.

Action Camera and Accessories Market by Product Offering (Action Camera, Accessories), Technology (Full HD, Ultra HD), Frame Rate (31-60, 61-120 fps), Distribution Channel (Online, Offline), End User (Personal, Professional), and Application (Sports, Travel & Tourism) – Global Forecast to 2027

The Action Camera & Accessories Market is expected to grow at a CAGR of 13.5% from 2020 to 2027 to reach $6.58 billion by 2027 from $2.7 billion in 2020. In terms of volume, the action cameras market is estimated to grow at a CAGR of 12.1% from 2020 to 2027 to reach 29.9 million units by 2027 from 13.4 million units in 2020. Increasing tourism activities and the trend of travel blogging among individuals worldwide are driving the action camera & accessories market. The tourism industry's development has promoted the adoption of action cameras among individual and group travelers for a hassle-free shooting experience.

According to Organisation for Economic Co-operation and Development (OECD), the global tourism sector contributes around 4.4% to the global GDP and is increasing at a rate of 3.8% year-on-year from 2018, further creating growth opportunities for the action cameras industry. Additionally, action cameras have gained rapid demand in recent years owing to their utilization in sports, adventures, and racing activities. Consumers in the sports industry are using action cameras majorly to record live sports that aids them in performing from different angles. However, in recent years, the availability of smartphones with high resolution and wide-view angle cameras has posed a threat to the demand for action cameras.

Interactive Display Market by Product (Interactive Flat Panel Display, Interactive Whiteboard, Interactive Kiosk, Interactive Video Wall), Panel Size, Technology, End-User (Retail, Healthcare, Corporate & Government, Education, Hospitality), and Geography – Global Forecast to 2027

The Interactive Display Market is expected to grow at a CAGR of 8.1% from 2020 to 2027 to reach USD 35.03 billion by 2027, from USD 20.34 billion in 2020. Interactive displays find applications across multiple industry verticals, such as retail, BFSI, education, corporate & government, healthcare, transportation, sports & entertainment, and hospitality. These displays are highly valued in the retail sector, wherein they are extensively used as digital signages to attract customers. Another important end-user sector for interactive displays is the education sector. Interactive whiteboards are widely implemented in schools and colleges to promote interactive learning. The growth of the interactive display market is majorly driven by increasing demand for interactive signages & kiosks, declining cost of interactive displays, and rising adoption of interactive learning solutions in classrooms.

Non-Destructive Testing (NDT) Market by Solution (Instruments, Software, Testing Services), Method (Volumetric, Surface Examination), End-User (Oil & Gas, Automotive & Heavy Engineering, Aerospace & Defense, Power Generation) – Global Forecast to 2028

The Non-Destructive Testing (NDT) Market is expected to grow at a CAGR of 7.4% from 2021 to 2028 to reach $15.07 billion by 2028 from $9.16 billion in 2021. Non-destructive testing finds applications across multiple industry verticals, such as automotive & heavy engineering, aerospace & defense, oil & gas, power generation, and manufacturing. These tests are widely used across manufacturing and process industries. They are used to increase the quality & ergonomics of products, maintain safety standards in factories, and support routine maintenance & inspection.

Factors driving the growth of the NDT market are stringent government regulations regarding the safety of assets, rising need to assess the structural integrity of aging infrastructure, and application of advanced materials in manufacturing processes. Additionally, technological developments in NDT, such as giant magnetoresistance (GMR) sensing and numerical simulation and infrastructure advances in developing regions are the factors boosting the adoption of non-destructive testing.

Probiotics Market by Strain (Bacillus), by Product Type (Dairy Food {Yogurt}, Baked Food}, Animal Feed), By Form (Liquid), By Sales Channel (Super Markets, Pharmacies), By End-User (Human {Adults, Senior}, Animal), and Geography – Global Forecast To 2027

The Probiotics Market is expected to reach $75.9 billion by 2027, at a CAGR of 5.6% during the forecast period of 2020 to 2027. Growing consumer awareness regarding the health benefits of probiotics, increasing use of probiotics as an alternative to antibiotics, and growing research on probiotics are the key factors driving the growth of the probiotics market. Moreover, the growing use of probiotics for children and e-commerce growth is expected to create lucrative opportunities for players operating in this market.

Feed Premix Market by Type (Combination Premixes, Vitamin Premix, Mineral Premix, Amino Acid Premix, Nucleotide Premix, Nutraceutical Premix), Form (Powder and Liquid), Application (Ruminant Feed, Swine Feed, Aqua Feed) — Global Forecasts to 2028

The Feed Premix Market is expected to reach a value of $12.2 billion by 2028, at a CAGR of 3.7% during the forecast period 2021-2028. Feed premixes’ use as a single ingredient over multiple ingredients, increasing demand for compound animal feed, and increased awareness regarding the safety of meat products are the key factors driving the growth of the Feed Premixe Market. The emergence of developing countries as strong consumers for feed premixes provide significant growth opportunities for market players in the coming years.