Harshal J Profile

Robotic Welding Market by Component (Robots, End of Arm Tooling, Controllers), Welding Process, Payload (Less than 25 kg Payload, 25 kg to 100 kg Payload, More than 100 kg Payload), End-use Industry, and Geography – Global Forecast to 2029

The Robotic Welding Market is expected to reach $6.77 billion by 2029, at a CAGR of 6.2% during the forecast period of 2022–2029. By volume, this market is expected to reach 163.3 thousand units by 2029, at a CAGR of 11.2% from 2022 to 2029. The growth of this market is driven by the increasing adoption of industry 4.0 principles and the rising adoption of welding robots in the automotive industry. However, the high initial cost of installing welding robots is expected to restrain the growth of this market.

Pharmaceutical Contract Packaging Market by Service (Primary Packaging {Bottle, Vial, Ampoules, Blister Packs}, Secondary Packaging), Material (Plastic, Polymer, Paper, Glass, Aluminum Foil), and Geography – Global Forecast to 2029

The Pharmaceutical Contract Packaging Market is projected to reach $42.03 billion by 2029, at a CAGR of 8.4% from 2022 to 2029. The growth of the pharmaceutical contract packaging market is driven by the growing adoption of smart packaging solutions, stringent regulatory policies concerning serialization regulations, and complex packaging requirements of the pharmaceutical industry. Furthermore, the adoption of postponement packaging to improve operations efficacy is offering market growth opportunities.

Industrial Safety Market by Type, Offering (Hardware, Software), End User (Oil & Gas, Energy & Power, Chemicals), and Geography—Global Forecasts to 2030

The Industrial Safety Market is projected to reach $ 17.86 billion by 2030, at a CAGR of 11.1% from 2023 to 2030. The growth of this market is attributed to the need for reliable safety systems to ensure personnel and asset protection, stringent regulations for workplace safety, and the growth of the oil & gas sector driving the adoption of industrial safety systems. However, the high installation costs of industrial safety systems are expected to restrain the growth of this market. Furthermore, the increasing usage of industrial internet-of-Things is expected to offer potential growth opportunities. Failure to access all machinery-related risks is a challenge for this market.

Semiconductor Manufacturing Equipment Market by Front-end Equipment (Silicon Wafer Manufacturing, Wafer Fabrication), Back-end Equipment (Testing, Assembling & Packaging), Dimension, Component, End User, and Geography – Global Forecast to 2030

The Semiconductor Manufacturing Equipment Market is expected to reach $171.6 billion by 2030, at a CAGR of 6% during the forecast period of 2024–2030. The growth of this market is mainly driven by rapid technological advancements coupled with consumers' increasing acceptance of connected devices, rising demand for semiconductors and the resultant proliferation of fabrication facilities, and increasing utilization of semiconductors in EV manufacturing. However, the growing adoption of 5g technology and increasing acceptance of autonomous vehicles is a major trend in the global semiconductor manufacturing equipment market. Supply chain disruptions caused by the COVID-19 pandemic may restrain the market to a certain extent. Moreover, the development of user-friendly and easy-to-integrate designs is a challenge for market growth. Government initiatives aimed at boosting the semiconductors industry and the growing use of connected devices in home automation are expected to offer significant opportunities for the growth of this market.

Savory Snacks Market by Type (Potato Chips, Extruded Snacks, Nuts & Seeds, Meat Snacks), Flavor (Barbeque, Spice, Salty, Plain), Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Specialty Stores, Online Channels) — Global Forecasts to 2029

The Savory Snacks Market is expected to reach $347.2 billion by 2029, at a CAGR of 7.3% during the forecast period of 2022 to 2029. The growing consumer demand for healthy snacking, the rising popularity of convenience foods & on-the-go snacks, changing lifestyles and hectic schedules of the working population, and expansion of the retail industry across the globe are the key factors driving the growth of the savory snacks market. Furthermore, the growing E-commerce penetration in developing countries and emerging economies in Latin America, Asia, and the Middle East & Africa are expected to provide significant opportunities for the players operating in this market.

Cloud Computing Market by Service Model (Infrastructure as a Service, Platform as a Service, and Software as a Service), Deployment Mode, Organization Size, End User (BFSI, Retail, and Healthcare), and Geography – Global Forecast to 2030

Cloud Computing Market is projected to reach $1,402.7 billion by 2030, at a CAGR of 16.8% from 2024 to 2030. The growth of this market is driven by the increase in adoption of cloud computing services, personalized customer experience, rising demand for AI, and increasing adoption of technologies such as ML and IoT. However, data security & privacy concerns may restrain the market’s growth. The rising government initiatives and consistently rising adoption of cloud computing solutions among businesses are expected to offer significant growth opportunities for the cloud computing market. Furthermore, complexities related to the adoption of the multi-cloud model are expected to pose challenges to the growth of the cloud computing market. The latest trends in the global cloud computing market are cloud gaming and serverless computing.

Veterinary Rapid Diagnostic Tests Market by Product (Kits, Readers), Condition (Viral, Parasitic, Bacterial Infections), Animal (Companion [Dogs, Cats], Livestock), and End User (Clinics & Hospitals, Reference Labs, Home Testing) – Global Forecast to 2030

The Veterinary Rapid Diagnostic Tests Market is expected to record a CAGR of 8.1% from 2023 to 2030, reaching $1.1 billion by 2030. The growth of this market is driven by the increasing prevalence of zoonotic diseases, the advantages of rapid tests over other testing methods, the growing preference for at-home and farm testing, rising awareness regarding veterinary health, increasing global animal health expenditure, and the increasing demand for animal-derived food products.

LiDAR Drones Market by Survey (Topographic LiDAR, Bathymetric LiDAR), Type (Wing Drones, Rotary Drones), Range (Tactical, Medium, Long), End User (Agriculture, Construction, Power & Utilities, Mining), End User and Geography – Global Forecast to 2030

The LiDAR Drones Market is projected to reach $1.9 billion by 2030, at a CAGR of 17.6% during the forecast period of 2024 to 2030.The growth of this market is attributed to the growing application of LiDAR drones in land surveying, construction site monitoring, and environmental monitoring; the rising use of LiDAR drones for producing precise and accurate 3D maps and models; and growing agriculture drone applications. Furthermore, the increased use of LiDAR for environmental purposes and the emergence of 4D LiDAR sensors are expected to create significant opportunities for this market. However, the high cost of LiDAR drones hampers the growth of this market. In addition, the inability to function through heavy rain, snow, and fog is a major challenge to the growth of this market.

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 2024–2030. 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.

Food Enzymes Market by Type (Carbohydrases [Amylases, Cellulases], Proteases, Lipases), Form (Solid, Liquid), Source (Microorganisms, Plants, Animals), Application (Bakery, Dairy, Beverages, Grain & Oilseed Processing) – Global Forecast to 2030

The Food Enzymes Market Is Slated to Register a CAGR of 7.3% from 2023–2030 to Reach $3.66 Billion by 2030. The popularity of food enzymes is rising as they help improve the safety and quality of foods and the efficiency of food manufacturing processes. The food enzymes market is driven by the growing demand for fermented foods and beverages, nutraceuticals, and fortified foods, coupled with technological innovations in the enzymatic food processing industry. However, stringent regulations and the restrictive temperatures and pH levels of enzymes are expected to restrain the growth of this market.