Press Release

According to a market report by Lucintel, the future of the sesame market looks promising with opportunities in various applications, such as bakery & confectionary products, pet foods, cosmetics, and medicines. The global sesame market is expected to grow with a CAGR of 2% to 4% from 2023 to 2028. The major drivers for this market are increasing inclination of the population towards a healthy diet, maintaining a healthy blood pressure level in the human body, and rising demand for …

According to a market report by Lucintel, the future of the artificial pancreas device system market looks promising with opportunities in hospitals and medical centers. The global artificial pancreas device system market is expected to grow with a CAGR of 13% to 15% from 2023 to 2028. The major drivers for this market are increasing prevalence of diabetes, rising demand for insulin self administration, and rising demand for automated systems for glycemic control. In this market, threshold suspend device systems, …

According to a market report by Lucintel, the future of the infrastructure as code (IaC) market looks promising with opportunities in the BFSI, IT & telecom, government, manufacturing, healthcare, and retail sectors. The global infrastructure as code (IaC) market is expected to grow with a CAGR of 24% to 26% from 2023 to 2028. The major drivers for this market are increasing velocity entails automating, advent of modern cloud architecture, and demand for better optimization of business operations. Tools and …

According to a market report by Lucintel, the future of the Hadoop market looks promising with opportunities in the BFSI, retail & consumer goods, IT & telecommunication, healthcare, government & defense, and energy & utility sectors. The Global Hadoop market is expected to grow with a CAGR of 37% to 39% from 2023 to 2028. The major drivers for this market are rise in demand for analysing large volumes of data, increasing investments in advanced analytics, and surge in need …

According to a market report by Lucintel, the future of the business email compromise (BEC) market looks promising with opportunities in the BFSI, government, IT & ITeS, energy and utilities, retail and e-commerce, manufacturing, and healthcare industries. The global business email compromise (BEC) market is expected to grow with a CAGR of 19% to 21% from 2023 to 2028. The major drivers for this market are increased use of mobile devices, increased regulatory compliances on the use of emails, internet …

According to a market report by Lucintel, the future of the intelligent document processing market looks promising with opportunities in the banking, financial services and insurance (BFSI), government, healthcare & life sciences, retail and e-commerce, manufacturing, and transportation & logistics industries. The global intelligent document processing market is expected to grow with a CAGR of 35% to 37% from 2023 to 2028. The major drivers for this market are increasing need for enterprises to process large volumes of semi-structured and …

According to a market report by Lucintel, the future of the ultra-high performance concrete market looks promising with opportunities in the road & bridge construction, building construction, and military construction applications. The global ultra-high performance concrete market is expected to grow with a CAGR of 8% to 10% from 2023 to 2028. The major drivers for this market are demand for durable and high-strength concrete, increasing number of road and bridge constructions around the world, increasing residential, commercial, & infrastructural …

According to a market report by Lucintel, the future of the wearable patch market looks promising with opportunities in the clinical and non-clinical applications. The global wearable patch market is expected to grow with a CAGR of 6% to 8% from 2023 to 2028. The major drivers for this market are growing prevalence of chronic disorders, increasing awareness among consumers for wearable devices, and rising technological advancements in wearable patches. In this market, connected and regular are the two types …

According to a market report by Lucintel, the future of the telemedicine market looks promising with opportunities in the teleradiology, telepsychiatry, telepathology, teledermatology, and telecardiology market. The global telemedicine market is expected to grow with a CAGR of 19% to 21% from 2023 to 2028. The major drivers for this market are increasing prevalence of chronic and lifestyle-associated diseases, and growing need for remote patient monitoring services in developing countries. In this market, store & forward and real-time are the …

According to a market report by Lucintel, the future of the trolley bus market looks promising with opportunities in the local commuter transportation and amusement parks. The global trolley bus market is expected to grow with a CAGR of 12% to 14% from 2023 to 2028. The major drivers for this market are increasing popularity of electric vehicles and growing demand for affordable local commute. In this market, pure electric and dual powered are the major segments by bus type. …

According to a market report by Lucintel, the future of the kimchi market looks promising with opportunities in the departmental stores, supermarkets/ hypermarkets, and online retail sectors. The global kimchi market is expected to grow with a CAGR of 4% to 6% from 2023 to 2028. The major drivers for this market are increasing applications in infant formulas and dietary supplements, advertising campaigns including celebrity endorsements to boost overall sales, and the emergence of prominent raw material sources provides significant …

According to a market report by Lucintel, the future of the injection molded plastic market looks promising with opportunities in the packaging, consumables & electronics, automotive & transportation, building & construction, and medical sectors. The global injection molded plastic market is expected to grow with a CAGR of 4% to 6% from 2023 to 2028. The major drivers for this market are growing demand for plastic components from various end use industries, increasing government regulations for energy efficient buildings and …

According to a market report by Lucintel, the future of the cloud native storage market looks promising with opportunities in the banking, financial services & insurance (BFSI), government, healthcare & life sciences, telecommunication, IT & ITeS, manufacturing, energy & utilities, media & entertainment, and retail & consumer good industries. The global cloud native storage market is expected to grow with a CAGR of 23% to 25% from 2023 to 2028. The major drivers for this market are increasing investment of …

According to a market report by Lucintel, the future of the anti-reflective coating market looks promising with opportunities in the eyewear, electronics, solar panel, and automobile sectors. The global anti-reflective coating market is expected to grow with a CAGR of 8% to 10% from 2023 to 2028. The major drivers for this market are increasing demand from solar power & electronic industries and rising demand for anti-reflection coats in the eyewear & photovoltaic industries. Vacuum deposition, electronic beam evaporation, and …

According to a new market report published by Lucintel, the future of the global automotive telematics industry looks promising with opportunities in the passenger car and light commercial vehicle. The global automotive telematics market is expected to reach an estimated $55.3 billion by 2021. The global automotive telematics market is forecast to grow at a CAGR of 27.4% from 2016 to 2021. The major drivers of growth for this market are increasing demand for integrated wireless communication systems within the …

According to a new market report published by Lucintel, the future of the wire and cable market looks promising with opportunities in the utilities, industrial, residential, and commercial sectors. The global wire and cable market is expected to reach an estimated $164.3 billion by 2027 with a CAGR of 5.7% from 2021 to 2027. The major drivers for this market are growth in electricity consumption due to industrialization, urbanization, electrification of rural areas, and increasing construction activities. In this market, …

According to a new market report published by Lucintel, the future of the global military shelter market looks good with opportunities in military shelter camp, vehicle mounted, containers, and command & control shelters. The Military Shelter market is expected to grow with a CAGR of 2.2% from 2021 to 2027. The major growth drivers for this market are increasing military expenditure and mobility attributes of shelters for ease of quick deployments. In this market, hard wall and soft wall military …

According to a new market report published by Lucintel, the future of the spray foam equipment market looks promising with opportunities in the residential, industrial, and commercial industry. The global spray foam equipment market is expected to reach an estimated $2.7 billion by 2027 with a CAGR of 6.3% from 2021 to 2027. The major drivers for this market are the stringent government regulations towards the reduction of greenhouse gas emission and growing demand for automobiles in automotive industry. In …

According to a new market report published by Lucintel, the future of the global hydraulic filter market looks promising with opportunities in the construction machinery, mining, petrochemical, aerospace, marine, and transportation industries. The global hydraulic filter market is expected to reach an estimated $6.8 billion by 2024 with a CAGR of 3.6% from 2019 to 2024. The major drivers for this market are increasing production of construction, mining, and other equipment, stringent government regulations for environmental pollution, and increased focus …

According to a new market report published by Lucintel, the future of the polyphenylene market looks promising with opportunities in the automotive, electrical & electronics, industrial, and coatings industries. The global polyphenylene market is forecast to reach an estimated $3.7 billion by 2027 with a CAGR of 4.5% from 2021 to 2027. The major drivers for this market are growth in the automotive production, increasing electronic content per vehicle, increasing demand for lightweight materials in automotive, and growth in semiconductor …

According to a new market report by Lucintel, the future of the augmented reality and virtual reality market looks promising with opportunities in the consumer electronics, commercial, enterprise, healthcare, aerospace & defense, and automotive industries. The augmented reality and virtual reality market is expected to grow with a CAGR of 33% from 2019 to 2024. The major drivers for this market are increasing demand for AR devices in patient care management and medical training and education, growth in retail and …

According to a new market report published by Lucintel, the future of fillers in the global electrically conductive coating market looks promising with opportunities in the consumer electronics, automotive, industrial, and aerospace industries. The fillers in the global electrically coating market is expected to reach $543.3 million with a negative CAGR of 1.1% from 2021 to 2027. The major drivers for this market are increasing demand for conductive coating in consumer electronics, rise in electromagnetic pollution, and stringent environment and …

According to a new market report published by Lucintel, the future of the energy cable market looks attractive with opportunities in the utilities, industrial, residential, and commercial sectors. The global energy cable market is expected to reach an estimated $69 billion by 2027 with a CAGR of 5.1% from 2021 to 2027. The major drivers for this market are growth in electricity consumption due to industrialization, urbanization, electrification of rural areas, and increasing construction activities. In this market, low voltage, …

According to a new market report published by Lucintel, the future of the global magnetite market looks promising with opportunities in the iron and steel and medication industries. The global magnetite market is expected to reach an estimated $132.7 billion by 2027 with a CAGR of 2.9% from 2021 to 2027. The major drivers for this market are growing demand for high grade iron ore, increasing production of steel in China, growth in building and infrastructure development, and rapid industrialization. …

According to a market report by Lucintel, the future of the pet wearable market looks promising with opportunities in the smart collar, smart camera, and smart harness markets. The global pet wearable market is expected to grow with a CAGR of 19% from 2021 to 2026. The major drivers for this market are growing expenditure on pets due to high disposal income, increasing concern towards pet health and care, and surging demand for pet tracking devices. To download report brochure, …

According to a new market report published by Lucintel, the future of the global airport car rental market looks promising with opportunities in business and leisure travelers. The airport car rental market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $42.0 billion by 2025 with a CAGR of 1% to 3% from 2020 to 2025. The major …

According to a market report by Lucintel, the future of the threat intelligence market looks promising with opportunities in the BFSI, retail & e-commerce, IT & telecommunication, manufacturing, healthcare, and other markets. The global threat intelligence market is expected to grow with a CAGR of 6% to 8% from 2022 to 2027. The major drivers for this market are increasing prevalence of cyber-attacks and data breaches and rising use of cloud-based services & internet-of-things (IoT) devices. Browse through 150 pages …

According to a new market report published by Lucintel, the future of the fire extinguisher market looks promising with opportunities in the industrial, residential, commercial, and transportation industries. The fire extinguisher market is expected to reach an estimated $6.6 billion by 2027 with a CAGR of 5.1% from 2021 to 2027. The major drivers for this market are increasing fire incidents, stringent fire safety norms, and growth in the construction industry. In this market, dry chemical and powder, foam based, …

According to a new market report published by Lucintel, the future of the MEMS market looks promising with opportunities in the automotive, consumer electronics, defense, industrial, telecommunication, and medical industries. The global MEMS market is expected to reach an estimated $19 billion by 2027 with a CAGR of 6% from 2021 to 2027. The major drivers for this market are increasing popularity of IoT in semiconductors, increasing demand for smart consumer electronics and wearable devices, and growing adoption of automation …

According to a new market report published by Lucintel, the future of the industrial IoT market looks promising with opportunities in the manufacturing, transportation, energy, retail, healthcare, and other industries. The global industrial IoT market is expected to reach an estimated $403.3 billion by 2027 with a CAGR of 20% from 2021 to 2027. The major drivers for this market are increasing demand for automation in manufacturing industry, increasing adoption for IoT and AI, rising awareness for safety and security, …

According to a market report by Lucintel, the future of the piezo film sensor market looks promising with opportunities in the automotive, aerospace, consumer electronics, industrial, and healthcare market. The global piezo film sensor market is expected to grow with a CAGR of 10% from 2021 to 2026. The major drivers for this market are growing usage in microelectronics and semiconductor industries, increasing demand in medical and automotive sectors, and superior properties of piezoelectric film sensor such as its high …

According to a new market report published by Lucintel, the future of the infrared detector market looks promising with opportunities in consumer electronics, smart homes, industrial, commercial, and military & defense sectors. The global infrared detector market is expected to reach an estimated $670.3 million by 2027 and is forecast to grow at a CAGR of 6.9% from 2021 to 2027. The major drivers for this market are increased demand for smartphones and tablets, rising concern about safety and security, …

According to a new market report published by Lucintel, the future of the global prefilled syringe market looks promising with opportunities in hospitals/clinics and ambulatory surgical centers. The global prefilled syringe market is expected to reach an estimated $10.8 billion by 2027 with a CAGR of 9.5% from 2022 to 2027. The major drivers for this market are the increasing prevalence of chronic diseases and growing home-based healthcare market. In this market, conventional and safety prefilled syringes are the various …

According to a new market report published by Lucintel, the growth of the needle-free injection system market looks promising with opportunities in the hospitals and clinics, homecare settings, research laboratories, pharmaceutical and biotechnology companies. The global needle-free injection system market is expected to reach an estimated $6.4 billion by 2027 with a CAGR of 15.7% from 2021 to 2027. The major drivers for this market are growing prevalence of chronic diseases, the increasing incidence of communicable diseases due to needle …

According to a new market report published by Lucintel, the future of the Canadian siding market looks promising with opportunities in non-residential and residential construction. The Canadian siding market is expected to reach an estimated $4.1 billion by 2027 with a CAGR of 5% from 2022 to 2027. The major growth drivers for this market are increasing construction activities, growing repair and maintenance of building exteriors, and a rise in the hospitality industry. In this market, vinyl, stucco, brick, fiber …

According to a new market report published by Lucintel, the future of the high performance glass fiber market looks attractive with opportunities in aerospace & defense, pressure vessel, electrical and electronics, sporting goods, civil engineering, automotive, wind energy, and marine industry. The global high performance glass fiber market is expected to reach an estimated $260.2 million by 2027 with a CAGR of 6.5% from 2021 to 2027. The major drivers in this market are increasing demand for high stiffness, lightweight, …

According to a new market report published by Lucintel, the future of the thermoset resin in the global composites market is attractive with opportunities in various end use industries, including marine, pipe and tank, construction, transportation, wind energy, aerospace and defense, electrical and electronics, and consumers goods. The thermoset resin in the global composites market is expected to reach an estimated $23.9 billion by 2027 with a CAGR of 5.1% from 2021 to 2027. The major drivers for growth in …

According to a new market report published by Lucintel, the future of the global phenolic resin market looks promising with growth opportunities in the construction, transportation, electrical and electronics, furniture, and industrial end use. The global phenolic resin market is expected to reach an estimated $16.0 billion by 2027 with a CAGR of 6.1% from 2021 to 2027. The major drivers of growth for this market are increasing use of heat resistance, corrosion and chemical resistance materials in construction and …

According to a new market report published by Lucintel, the future of the global bismaleimide (BMI) prepreg market looks promising with opportunities in the defense, commercial aerospace and general aviation markets. The global BMI prepreg market is expected to reach an estimated $208.7 million by 2027 with a CAGR of 7.0% from 2021 to 2027. The major driver for this market is increasing demand for high temperature-resistance composites material to replace metals in applications where extreme heat and harsh environmental …

According to a new market report published by Lucintel, the future of the composite preforms market looks promising with opportunities in aerospace, automotive, consumer goods, infrastructure, medical, and marine industries. The global composite preform market is expected to reach an estimated $277.4 million by 2027 with a CAGR of 7.2% from 2021 to 2027. The major drivers for this market are increasing usage of composite materials in the aerospace and automotive industries, and growing demand of composite preforms to manufacture …

According to a new market report published by Lucintel, the future of the glass mat thermoplastic market looks promising with opportunities in transportation, and construction applications. The global glass mat thermoplastic market is expected to reach an estimated $842.4 million by 2027 with a CAGR of 6.9% from 2021 to 2027. The major growth drivers for this market are the increasing use of glass mat thermoplastic in automotive and construction applications, increasing use for lightweight materials, recyclability, and ease of …

According to a new market report published by Lucintel, the future of the unsaturated polyester resin market looks promising with opportunities in transportation, marine, wind energy, aerospace, pipe and tank, construction, electrical and electronics, consumer goods, non-FRP, and gelcoat end use. The global unsaturated polyester resin is expected to reach an estimated $14.8 billion by 2027 with a CAGR of 4.8% from 2021 to 2027. The major drivers for this market are growing infrastructural investments and rehabilitation of old infrastructural …

According to a new market report published by Lucintel, the future of the Middle Eastern glass fiber market looks promising with opportunities in the transportation, marine, pipes & tanks, and construction. The Middle Eastern glass fiber market is expected to reach an estimated $524.7 million by 2027 with a CAGR of 6.4% from 2021 to 2027. The major drivers for this market are growth in the rise in demand for glass fiber composites. Within the Middle Eastern glass fiber market, …

According to a new market report published by Lucintel, the future of the bio-composites market looks promising with opportunities in building and construction, automotive, and industrial & consumer goods industries. The global bio-composites market is expected to reach an estimated $9.5 billion by 2027 with a CAGR of 3.4% from 2021 to 2027. The major growth drivers for this market are increasing demand for wood plastic composites (WPC) in the construction industry due to its wood finish like appearance and …

According to a new market report published by Lucintel, the future of the UK composites market looks promising with opportunities in aerospace and defense, transportation, wind energy, and construction end use. The UK composites market is expected to reach an estimated $1.3 billion by 2027 with a CAGR of 9.3% from 2021 to 2027. The major drivers in this market are increasing demand for lightweight materials in the aerospace & defense, automotive, and wind energy industries; the UK composites market …

According to a new market report published by Lucintel, the future of the global low density SMC (Sheet Molding Compound) market looks promising with opportunities in various automotive applications, such as hoods, decklids, fenders, bumpers, and body panels. The global low density SMC market is expected to reach an estimated $910.1 million by 2027 with a CAGR of 11.3% from 2021 to 2027. The major drivers for this market are growth in automotive production and increasing use of lightweight materials …

According to a new market report published by Lucintel, the future of the South East Asian phenolic resin market looks promising with growth opportunities in construction, transportation, electrical and electronics, furniture, and industrial. The South East Asian phenolic resin market is expected to reach an estimated $534.6 million by 2027 with a CAGR of 4.6% from 2021 to 2027. The major drivers of growth for this market are increasing use of heat resistance, corrosion and chemical resistance materials in construction …

According to a new market report published by Lucintel the future of the thermoplastic unidirectional (UD) tape market looks promising with opportunities in the aerospace & defense, transportation, sporting goods and industrial end uses. The thermoplastic unidirectional tape is expected to reach an estimated to grow with CAGR of 8.9% from 2021 to 2027. The major growth driver for this market is increasing use of thermoplastic composites because it offers recyclability and processing benefits, such as ability to remold, shorter …

According to a new market report published by Lucintel, the future of the composites in the global defense industry looks promising with opportunities in the military aircraft, naval system, land vehicles, body armor, arms and ammunition, and military hard wall shelters market. The composites in the global defense industry are expected to reach an estimated $966.4 million by 2027 with a CAGR of 7.7% from 2021 to 2027. The major growth drivers for this market are increasing use of lightweight …

According to a new market report published by Lucintel, the future of the Chinese glass fiber market looks promising with opportunities in transportation, marine, wind energy, aerospace, pipes and tanks, construction, electrical and electronics, and consumer goods end uses. The Chinese glass fiber market is expected to reach an estimated $4.1 billion by 2027 with a CAGR of 7.0% from 2021 to 2027. The major driver for market growth is high demand of glass fiber in electrical and electronics segment …