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The growth of this market is attributed to the advancement of battery technology, increasing activities in the construction industry, and increasing use of power tools in the automotive sector. Moreover, the increasing integration of IoT and sensor technology to offer smart and connected power tools and the growing demand for power tools for residential use are expected to offer growth opportunities for the players operating in this market.

Intelligent Document Processing Market by Offering (Solutions, Services), Deployment Mode (Cloud, On-premise), Technology (ML, Computer Vision, NLP, RPA, OCR), End Users (BFSI, Government & Public Sector, & Others), & Geography – Global Forecast to 2031

The Intelligent Document Processing Market is projected to reach $9.18 billion by 2031, at a CAGR of 25.8% during the forecast period of 2024–2031. The growth of this market is driven by the rising inclination of enterprises towards digital transformation and the integration of AI for document processing. In addition, the increasing adoption of cloud-based solutions, increasing human-in-the-loop approach in intelligent document processing, and growing use of intelligent document processing for real-time applications are expected to offer significant growth opportunities for the stakeholders in the intelligent document processing market.

Commercial Drones Market by Type (Single-rotor, Multi-rotor, Fixed-wing, Fixed-wing Hybrid VTOL), Payload (Up to 2kg, 2kg to 10kg, 10kg to 25kg, More than 25kg), Application, End-use Industry, and Geography – Global Forecast to 2031

The Commercial Drones Market is projected to reach $9.8 billion by 2031, at a CAGR of 17.2% from 2024 to 2031. The growth of the commercial drones market is driven by the rising trend of using commercial drones for capturing high-quality images and videos, the integration of Artificial Intelligence (AI) & Machine Learning (ML) into drones, and the increasing popularity of on-demand deliveries. However, drones’ limited battery life and flight duration and the lack of qualified personnel required to operate and maintain drones restrain the growth of this market.

Access control devices such as electronic locks can be more secure than traditional locks as they require authorized credentials, such as PIN codes or access cards, for entry. Unauthorized individuals cannot pick or manipulate these locks easily. Market players are focused on product development to offer enhanced security for residential spaces.

Snacks Processing Equipment Market By Type (Conveyers, Sorting, Dryers, Mixing, Cutting, Coating, Packaging, Mode of Operation (Semi/Manual, Automatic), Snack Type (Chips, Extruded Snacks, Bakery & Confectionery), and Geography – Global Forecasts to 2030

The Snacks Processing Equipment Market is projected to reach $1.7 billion by 2030, at a CAGR of 6% during the forecast period 2023–2030. The growth of the snacks processing equipment market is driven by the growing consumption of healthy snacks, the rising demand for processed/convenience foods, and consumers’ increased focus on food hygiene since the COVID-19 pandemic. However, the high cost of snack processing equipment restrains the growth of this market. Furthermore, increasing government support for the food processing industry is expected to generate growth opportunities for the players operating in this market. However, the shortage of trained labor and consumers’ increasing inclination toward minimally processed food products are major challenges impacting the market’s growth.

In the agriculture sector, the hydroponics market registered a strong slowdown in sales during the first quarter of 2020 due to disrupted logistics and transportation. The hydroponics market has also witnessed interruptions in the complete value chain, from input materials supply to production, packaging, and distribution of the produce.

Non-destructive Testing Services Market Size, Share, Forecast, & Trends Analysis by Type (Inspection, Training, Others), Method (Radiographic, Ultrasonic, Others), Application (Flaw Detection, Others), End-use Industry (Oil & Gas, Manufacturing, Others), & Geography – Global Forecast to 2031

The Non-destructive Testing Services Market is expected to reach above $18.58 billion by 2031, at a CAGR of 9.4% from 2024 to 2031. The growth of the NDT services market is driven by stringent regulatory standards imposed by governments regarding public safety and product quality, the rising need to assess the structural integrity of aging infrastructure and assets, and the rising significance of advanced NDT techniques in the industrial sector. However, the high cost of NDT services restrains the growth of this market.

Algae Products Market Size, Share, Forecast, & Trends Analysis by Type (Hydrocolloids, Lipids, Carotenoids), Source (Seaweed, Microalgae {Chlorella, Spirulina}), Form (Dry, Liquid), Application (Food & Beverage, Nutraceuticals) – Global Forecast to 2031

The Algae Products Market is expected to reach $6.01 billion by 2031, at a CAGR of 7.9% during the forecast period 2024-2031. The growth of the algae products market is driven by consumers’ increasing preference for algae-sourced products, the growth in vegetarianism, the rising demand for natural food colors, and the rapid growth of the nutraceuticals industry.However, complexities in algae production and low awareness regarding the benefits of algae restrain the growth of this market. Furthermore, the growing demand for biofuels is expected to generate growth opportunities for the players operating in this market. However, the risk of algae contamination is a major challenge impacting market growth. Additionally, the increasing adoption of algae products is a prominent trend in the algae products market.