Press Release

According to a new market report published by Lucintel, the future of the global millimeter wave (mmWave) radar IC market looks attractive with opportunities in the automotive, telecommunications, security & imaging, and healthcare industries. The global millimeter wave radar IC market is expected to reach an estimated $1.3 billion by 2025 with a CAGR of 16.9% from 2020 to 2025. The major drivers for the growth of this market are increase in the adoption of advanced driver assistance systems (ADAS) …

According to a new market report published by Lucintel, the future of the global carbon fiber in aerospace and defense market looks attractive with opportunities in the commercial aircraft, regional aircraft, general aviation, helicopter, and UAVs. The global carbon fiber in aerospace and defense market is expected to reach an estimated $1.6 billion by 2025 with a CAGR of 4.2% from 2020 to 2025. The major drivers for this market are increasing demand for high-performance lightweight materials in the aerospace …

The technologies in occupancy sensors market have undergone significant change in recent years, with occupancy sensors evolving from wired to wireless technology. The rising wave of new technologies, such as passive infrared (PIR) and dual technology are creating significant potential for advanced occupancy sensors in residential and commercial applications, and driving the demand for occupancy sensor technologies. To download report brochure, please go to https://www.lucintel.com/technology-occupancy-sensor-market.aspx and click "report brochure" tab from the menu. In occupancy sensor market, various technologies, such …

According to a new market report by Lucintel, the future of the wireless electric vehicle charging system market looks promising with opportunities in the electric passenger car, electric commercial vehicle, and electric two wheeler segments. The wireless electric vehicle charging system market is expected to grow with a CAGR of 49% from 2019 to 2024. The major drivers for this market are increasing demand for electric vehicles and high investment by industry players on fast charging infrastructure with the advantages …

According to a new market report published by Lucintel, the future of the pulp and paper chemicals market is expected to grow at a CAGR of 2.8% over 2014-2019. The major driver for the pulp and paper chemicals market is the rising demand for specialty papers in packaging as well as printing applications. Favorable industrial production activities in developing countries strengthen market prospects. Recycling in the paper industry increases the demand for different specialty chemicals, thereby driving the pulp and …

According to a new market report by Lucintel, the future of the geotextile market looks promising with opportunities in the road construction and pavement, repair, erosion, drainage, railway, work, and agriculture applications. The geotextile market is expected to grow with a CAGR of 10% from 2019 to 2024. The major drivers for this market are rising demand for geotextile in road construction and growing infrastructural activities in emerging economies. To download report brochure, please go to https://www.lucintel.com/wearable-display-market.aspx and click "report …

According to a market report by Lucintel, the future of the automotive anti lock braking system (ABS) and electronic stability control (ESC) system market looks promising with opportunities in the passenger car and commercial vehicle segments. The automotive anti lock braking system (ABS) and electronic stability control (ESC) system market is expected to grow with a CAGR of 8% from 2019 to 2024. The major drivers for this market are government legislations, new car assessment program, focus on occupant safety, …

According to a market report by Lucintel, the future of the chip on board (COB) light emitting diode market looks promising with opportunities in the illumination, backlighting, automotive, and high brightness lighting industries. The chip on board (COB) light emitting diode market is expected to grow with a CAGR of 30% from 2019 to 2024. The major drivers for this market are stringent regulation towards energy efficiency and increasing demand for low power, cost-effective, and high intensity lighting solutions. To …

According to a new market report by Lucintel, the future of the cerium oxide nanoparticle market looks promising with opportunities in catalyst, biomedical, and energy applications. The cerium oxide nanoparticle market is expected to grow with a CAGR of 19% from 2019 to 2024. The major drivers for this market are increasing use of cerium oxide nanoparticles in various applications, rising focus of governments on nanotechnology research, and increasing government spending on pharmaceutical R&D in emerging nations. To download report …

According to a new market report by Lucintel, the future of the epoxidized soybean oil market looks promising with opportunities in the plasticizers, pigment dispersion agent, flavors and fragrances, UV care, and fuel additives industries. The epoxidized soybean oil market is expected to grow with a CAGR of 11% from 2019 to 2024. The major drivers for this market are increasing adoption of organic stabilizers in polyvinyl chloride (PVC) stabilization process, growing demand for biocompatible lubricants, alternative for mineral oil …

According to a market report by Lucintel, the future of the building management system (BMS) market looks promising with opportunities in the residential, commercial, and industrial sectors. The building management system market is expected to grow with a CAGR of 16% from 2019 to 2024. The major drivers for this market are increasing demand for energy-efficient and eco-friendly buildings, growing integration of IoT, and increasing need for simplified building operation and maintenance. To download report brochure, please go to https://www.lucintel.com/building-management-system-market.aspx …

According to a new market report by Lucintel, the future of the battery separator market looks promising with opportunities in the automotive, consumer electronics, and industrial applications. The battery separator market is expected to grow with a CAGR of 12% from 2019 to 2024. The major drivers for this market are the growing demand for electric vehicles and increasing demand for battery in industrial power storage market. To download report brochure, please go to https://www.lucintel.com/battery-separator-market.aspx and click "report brochure" tab …

According to a new market report by Lucintel, the future of the amaranth oil market looks promising with opportunities in the cosmetics and personal care, food supplements, pharmaceuticals, and aroma industries. The amaranth oil market is expected to grow with a CAGR of 12% from 2019 to 2024. The major drivers for this market are decreasing dependence on petrochemical based products and increasing demand for bio-based products. To download report brochure, please go to https://www.lucintel.com/amaranth-oil-market.aspx and click "report brochure" tab …

According to a market report by Lucintel, the future of the graphene market looks promising with opportunities in the electronics, composites, energy, coating, sensor, and catalyst industries. The graphene market is expected to grow with a CAGR of 43% from 2019 to 2024. The major growth driver for this market is increasing demand for graphene in a wide range of applications due to its useful properties such as high mechanical strength, high electron mobility, and superior thermal conductivity. To download …

According to a new market report by Lucintel, the future of activated carbon in the mercury control market looks promising with opportunities in the coal burning, oil & natural gas burning, primary production of ferrous metals, primary production of non-ferrous metals, gold mining & production, cement production, and oil refining industries. The activated carbon for mercury control market is expected to grow with a CAGR of 19% from 2019 to 2024. The major growth drivers for this market are stringent …

According to a market report by Lucintel, the future of the bio-plasticizer market looks promising with opportunities in the packaging material, medical device, consumer goods, wire & cable, and building & construction industries. The bio-plasticizer market is expected to grow with a CAGR of 10% from 2019 to 2024. The major growth drivers for this market are stringent norms & regulations and increasing demand for eco-friendly plasticizers for various applications. To download report brochure, please go to https://www.lucintel.com/bio-plasticizer-market.aspx and click …

According to a new market report published by Lucintel, the future of epoxy curing agents in the composites industry looks promising with opportunities in the aerospace, pipe and tank, wind energy automotive, and marine industries. The epoxy curing agents in composites industry is forecast to grow at a CAGR of 4.6% from 2019 to 2024. The major growth drivers for this market are increasing use of high-performance epoxy based composite materials and the growth of end use industries. Browse 96 …

According to a market report by Lucintel, the future of the refrigerated warehousing market looks promising with opportunities in the fruit and vegetable, bakery, dairy products, meat, beverage, and pharmaceutical applications. The refrigerated warehousing market is expected to grow with a CAGR of 10% from 2019 to 2024. The major growth drivers for this market are increasing food and beverage industry, demand of perishable foods, requirement of food safety and taste consistency, and development of strong retail channels. To download …

According to a market report published by Lucintel, the future of the patient handling equipment market looks promising with opportunities in the home care, hospitals, and elderly care facilities. The patient handling equipment market is expected to grow with a CAGR of 11% from 2019 to 2024. The major growth drivers for this market are rising geriatric population, increasing incidence of disabilities, and high risk of injuries to caregivers during manual handling of patients. To download report brochure, please go …

According to a market report published by Lucintel, the future of the prefilled syringe market looks promising with opportunities in the hospitals, clinics and ambulatory surgical center. The prefilled syringe market is expected to grow with a CAGR of 10% from 2019 to 2024. The major growth drivers for this market are high prevalence of chronic diseases, rising adoption of self-injection devices, need of prolonged drug administration in accurate dosage, and its ease of use specially for elderly patients. To …

According to a market report by Lucintel, the future of the prebiotic ingredient market looks promising with opportunities in the food and beverages, dietary ingredients, nutritional supplements, specialty nutrients, infant formulae, animal feed, and pet food applications. The prebiotic ingredient market is expected to grow with a CAGR of 10% from 2019 to 2024. The major growth drivers for this market are the rising trend for a healthy diet, increasing importance of nutraceuticals, and its wide range of applications in …

According to a market report by Lucintel, the future of the hand dryer market looks promising with opportunities in the hotel, food processing and food service, office building, and health care industries. The hand dryer market is expected to grow with a CAGR of 12% from 2019 to 2024. The major growth drivers for this market is the increasing concern over the need for efficient disposal of paper towel waste, compelling firms and enterprises to explore technologically superior alternatives. Another …

According to a new market report published by Lucintel, the future of the prosthetic heart valve market looks promising with opportunities in the cardiovascular applications. The prosthetic heart valve/artificial heart valve market is expected to grow with a CAGR of 13% from 2019 to 2024. The major growth drivers for this market are increasing geriatric population, growing frequency of structural heart diseases, and technical advancement, and rising awareness on heart valve diseases. To download report brochure, please go to https://www.lucintel.com/prosthetic-heart-valve-market.aspx …

According to a market report by Lucintel, the future of the hard luxury goods market looks promising with opportunities in the consumer goods and service sectors. The hard luxury goods market is expected to grow with a CAGR of 10% from 2019 to 2024. The major growth driver for this market is the increasing preference for branded items. To download report brochure, please go to https://www.lucintel.com/hard-luxury-goods-market.aspx and click "report brochure" tab from the menu. In this market, watches and jewelry …

According to a new market report published by Lucintel, the future of the orthodontic supplies market looks promising with opportunities in the hospital and dental clinics. The orthodontic supplies market is expected to grow with a CAGR of 9% from 2019 to 2024. The major growth drivers for this market are growing number of patients with malocclusions, jaw diseases, tooth decay or loss, and increasing awareness on advanced orthodontic treatments. To download report brochure, please go to https://www.lucintel.com/orthodontic-supply-market.aspx and click …

According to a new market report published by Lucintel, the future of the sepsis diagnostic market looks promising with opportunities in the hospitals, pathology, and reference laboratories. The sepsis diagnostic market is expected to grow with a CAGR of 9% from 2019 to 2024. The major growth drivers for this market are increasing geriatric population, development of drug-resistance among individuals, and high incidence of hospital acquired infection, and increasing number of surgical procedures. To download report brochure, please go to …

According to a market report by Lucintel, the future of the pulse flour market looks promising with opportunities in the bakery, dairy, extruded snakes, beverages, and pet food applications. The pulse flour market is expected to grow with a CAGR of 12% from 2019 to 2024. The major growth drivers for this market are increasing demand for healthy food ingredients and rising popularity of protein-rich food products. To download report brochure, please go to https://www.lucintel.com/pulse-flour-market.aspx and click "report brochure" tab …

According to a market report by Lucintel, the future of the packaging testing market looks promising with opportunities in the food and beverage, agrochemicals, pharmaceuticals, and personal care industries. The packaging testing market is expected to grow with a CAGR of 12% from 2019 to 2024. The major growth drivers for this market are increasing demand for products with longer shelf under various conditions, increasing awareness and demand for sustainable packaging, technological advancements in the market, and increasing demand in …

According to a market report published by Lucintel, the future of the optical imaging market looks promising with opportunities in the hospitals, diagnostic centers, and research laboratories. The optical imaging market is expected to grow with a CAGR of 12% from 2019 to 2024. The major growth drivers for this market are increasing prevalence of ophthalmological disorders, rise of noninvasive technologies, widening application areas of optical imaging technology, and growing need to minimize the use of radiation technologies. To download …

According to a market report by Lucintel, the future of the omega 3 ingredient market looks promising with opportunities in the supplements and functional foods, pharmaceuticals, infant formula, and pet and animal feed application segments. The omega 3 ingredient market is expected to grow with a CAGR of 15% from 2019 to 2024. The major growth drivers for this market are augmented application scope, increasing consumer health concerns, and scientific evidence supporting health benefits. To download report brochure, please go …

According to a market report by Lucintel, the future of the functional apparel market looks promising with opportunities for the apparel and accessories industry. The functional apparel market is expected to grow with a CAGR of 6% from 2019 to 2024. The major growth drivers for this market are rising demand for high-performance, application-specific apparel and footwear and the rising participation in sports and fitness activities. To download report brochure, please go to https://www.lucintel.com/functional-apparel-market.aspx and click "report brochure" tab from …

According to a market report published by Lucintel, the future of the pen needle market looks promising with opportunities in the hospitals, clinics, and home healthcare industry. The pen needle market is expected to grow with a CAGR of 10% from 2019 to 2024. The major growth drivers for this market are increasing prevalence of diabetes, geriatric population, technological advancements, and advantages of insulin pens over syringes and vials. To download report brochure, please go to https://www.lucintel.com/pen-needle-market.aspx and click "report …

According to a new market report published by Lucintel, the future of the pharmaceutical robot market looks promising with opportunities in the picking, packaging, inspection of pharmaceutical drug, and laboratory applications. The pharmaceutical robot market is expected to grow with a CAGR of 13% from 2019 to 2024. The major growth drivers for this market are increasing automation and with reduced human intervention in pharmaceutical manufacturing and growth in healthcare industry. To download report brochure, please go to https://www.lucintel.com/pharmaceutical-robot-market.aspx and …

According to a market report by Lucintel, the future of the oryzenin market looks promising with opportunities in the dairy alternatives, beverages, bakery and confectionery, sport and energy nutrition and meat. The oryzenin market is expected to grow with a CAGR of 14% from 2019 to 2024. The major growth drivers for this market are increasing demand for rice protein due to its functional properties, cost-effective production of plant protein, growing health consciousness of consumers, and increase in applications of …

According to a market report by Lucintel, the future of the gluten-free food market looks promising with opportunities in the baking, flour, meats, and pet food industries. The gluten-free food market is expected to grow with a CAGR of 7% from 2019 to 2024. The major growth drivers for this market are growing consumer awareness of health benefits and weight management and growing demand for innovative gluten-free bakery products. To download report brochure, please go to https://www.lucintel.com/gluten-free-food-market.aspx and click "report …

According to a new market report published by Lucintel, the future of the neuroprosthetic market looks promising with opportunities in the parkinson’s disease, epilepsy, Alzheimer’s disease, and other physiological disorders. The neuroprosthetic market is expected to grow with a CAGR of 12% from 2019 to 2024. The major growth drivers for this market are increasing number of patients suffering from neurological disorders and nerve injury, increasing incidence of hearing loss, increasing cases of amputation due to the rising number of …

According to a market report by Lucintel, the future of the luxury apparel market looks promising with opportunities in the consumer goods and service sectors. The luxury apparel market is expected to grow with a CAGR of 13% from 2019 to 2024. The major growth driver for this market is the rising number of people having disposable income. To download report brochure, please go to https://www.lucintel.com/luxury-apparel-market.aspx and click "report brochure" tab from the menu. Cotton, leather, silk, and denim are …

According to a market report by Lucintel, the future of the hair removal wax market looks promising with opportunities in the individual, commercial, spa, and beauty salon application segments. The hair removal wax market is expected to grow with a CAGR of 9% from 2019 to 2024. The major growth driver for this market is the rise in popularity of at-home hair removal wax techniques with the usage of wax strips among younger and adult generations. To download report brochure, …

According to a new market report published by Lucintel, the future of the plastic decking market looks promising with opportunities in the residential and non-residential sector. The plastic decking market is expected to grow with a CAGR of 11% from 2019 to 2024. The major growth drivers for this market are rising construction industry, development of innovative products, and increase in demand for low-maintenance building products. To download report brochure, please go to https://www.lucintel.com/plastic-decking-market.aspx and click "report brochure" tab from …

According to a market report by Lucintel, the future of the industrial floor scrubber market looks promising with opportunities in the transportation, healthcare & pharmaceutical, government, education, hospitality, manufacturing & warehousing, and retail & food industries. The industrial floor scrubber market is expected to grow with a CAGR of 8% from 2019 to 2024. The major growth drivers for this market are the flourishing tourism and hospitality sector To download report brochure, please go to https://www.lucintel.com/industrial-floor-scrubber-market.aspx and click "report brochure" …

According to a new market report published by Lucintel, the future of the point-of-use water treatment system market looks promising with opportunities in the residential and non-residential sectors. The point-of-use water treatment system market is expected to grow with a CAGR of 10% from 2019 to 2024. The major growth drivers for this market are increasing water contamination, limited access to safe drinking water, greater awareness on the benefits of water treatment, and increasing residential and non-residential construction activities. To …

According to a market report by Lucintel, the future of the kombucha market looks promising in the food and beverage industries. The kombucha market is expected to grow with a CAGR of 25% from 2019 to 2024. The major growth drivers for this market are increasing disposable income and changing lifestyle of people, easy manufacturing process, rise in demand for fortified food & beverage products, growing health awareness, and increasing prevalence of health disorders. To download report brochure, please go …

According to a new market report by Lucintel, the future of the fermented ingredient market looks promising with opportunities in the food and beverage, pharmaceutical, and personal care industries. The fermented ingredient market is expected to grow with a CAGR of 9% from 2019 to 2024. The major growth drivers for this market are increasing awareness on health benefits, rising prevalence of digestive problems and obesity, and increasing demand for antibiotics. To download report brochure, please go to https://www.lucintel.com/fermented-ingredient-market.aspx and …

According to a new market report by Lucintel, the future of the yeast market looks promising with opportunities in the bakery products, alcoholic beverage, and feed market. The yeast market is expected to grow with a CAGR of 9% from 2019 to 2024. The major growth drivers for this market are growth of the bakery industry, increase in demand for convenience food products, positive growth trend in alcoholic beverages consumption, growth in demand for bioethanol as a fuel, and increase …

According to a new market report by Lucintel, the future of the food grade industrial gas market looks promising with opportunities in the frozen food, confectionery, meat, fish, seafood, and beverage industries. The global food grade industrial gas market is expected to grow with a CAGR of 7% from 2019 to 2024. The major growth drivers for this market are increasing demand for conveniently packaged foods, carbonated beverages, growing importance of preservative-free food, and increasing application in packaging and storage …

According to a new market report published by Lucintel, the future of the eHealth market looks promising with opportunities in the hospital, home healthcare, and ambulatory centers. The eHealth market is expected to grow with a CAGR of 23% from 2019 to 2024. The major growth drivers for this market are technological developments, rising preference toward mobile technology and internet, increasing healthcare costs, shift towards patient-centric healthcare delivery, and shortage of healthcare professionals. To download report brochure, please go to …

According to a new market report by Lucintel, the future of the wireless health market looks promising with opportunities in hospitals, nursing homes and home healthcare. The wireless health market is expected to grow with a CAGR of 23% from 2019 to 2024. The major growth drivers for this market are increase in funding for digital health, advancements in wireless communication technology, increasing utilization of connected devices in the management of chronic diseases, adoption of patient-centric approach by healthcare providers, …

According to a market report by Lucintel, the future of the insoluble dietary fiber market looks promising with opportunities in the functional food and beverage, animal feed, pharmaceutical, and pet food industries. The insoluble dietary fiber market is expected to grow with a CAGR of 9% from 2019 to 2024. The major growth drivers for this market are growth in demand for functional foods, rise in consumer awareness through government health programs, and increase in health consciousness among consumers due …

According to a market report by Lucintel, the future of the telehealth market looks promising with opportunities in the teledermatology, teleradiology, telecardiology, and telepathology. The telehealth market is expected to grow with a CAGR of 27% from 2019 to 2024. The major growth drivers for this market are growing healthcare cost, aging population, rising prevalence of chronic diseases, improvements in telecommunication infrastructure, technological advancements, and increasing utilization of connected devices. To download report brochure, please go to https://www.lucintel.com/telehealth-market.aspx and click …

According to a market report published by Lucintel, the future of the hyperspectral imaging system market looks promising with opportunities in the military surveillance, remote sensing, machine vision and optical sorting, life sciences and medical diagnostic market. The hyperspectral imaging system market is expected to grow with a CAGR of 11% from 2019 to 2024. The major growth drivers for this market are growing number of research projects using hyperspectral imaging techniques, and widening industrial applications of hyperspectral imaging. To …