Press Release

According to a market report by Lucintel, the future of the automotive memory market looks promising with opportunities in infotainment system, powertrain, instrument cluster, and ADAS applications. The global automotive memory market is expected to reach an estimated $4.02 billion by 2028 with a CAGR of 18% from 2023 to 2028. The major drivers for this market are growing demand for electric vehicles incorporated with advanced safety features and rising integration of cloud technologies in vehicles. In this market, NOR, …

According to a market report by Lucintel, the future of the automotive and transportation connector market looks promising with opportunities in comfort, convenience, and entertainment (CCE), powertrain, safety and security, body wiring & power distribution, and navigation & instrumentation applications. The global automotive and transportation connector market is expected to reach an estimated $20.4 billion by 2028 with a CAGR of 5.6% from 2023 to 2028. The major drivers for this market are increasing demand for advanced safety and security …

According to a market report by Lucintel, the future of the water soluble polymer market looks promising with opportunities in the wastewater treatment, cosmetic and personal care product, oil & gas, food, and pulp & paper sectors. The global water soluble polymer market is expected to reach an estimated $36.2 billion by 2028 with a CAGR of 5.5% from 2023 to 2028. The major drivers for this market are implementation of stringent environmental regulations regarding effluent discharge from manufacturing plants …

According to a market report by Lucintel, the future of the beverage flavor market looks promising with opportunities in the flavoring agent, flavoring carrier, and flavor enhancer markets. The global beverage flavor market is expected to reach an estimated $9.9 billion by 2028 with a CAGR of 5.5% from 2023 to 2028. The major drivers for this market are increasing demand for flavored drink, growing consumer consciousness for exotic flavor, and emergence of favourable regulatory environment for fortified products. In …

According to a market report by Lucintel, the future of beauty and personal care surfactants in the global cosmetic chemical market looks promising with opportunities in the skin care and hair care markets. The global cosmetic chemical market in terms of beauty and personal care surfactants market is expected to reach an estimated $8.3 billion by 2028 with a CAGR of 6.5% from 2023 to 2028. The major drivers for this market are growing demand for waterless product and increasing …

According to a market report by Lucintel, the future of the single use bioreactor market looks promising with opportunities in pharmaceutical & biopharmaceutical companies, CROs & CMOs, and academic & research institutes. The global single use bioreactor market is expected to reach an estimated $11.1 billion by 2028 with a CAGR of 18.6% from 2023 to 2028. The major drivers for this market are expanding usage of single-use systems in the pharmaceutical and mammalian cell culture application and increasing demand …

According to a market report by Lucintel, the future of the stem cell manufacturing market looks promising with opportunities in the pharmaceutical & biotechnology companies, hospitals & cell banks, and academic & research institutes. The global stem cell manufacturing market is expected to reach an estimated $6.3 billion by 2028 with a CAGR of 9.7% from 2023 to 2028. The major drivers for this market are increasing prevalence of genetic diseases and growing consumer awareness towards therapeutic efficacy of stem …

According to a market report by Lucintel, the future of the telecom and datacom connector market looks promising with opportunities in the IT, telecom, and industrial sectors. The global telecom and datacom connector market is expected to reach an estimated $15.7 billion by 2028 with a CAGR of 6.2% from 2023 to 2028. The major drivers for this market are rising demand for wireless infrastructure equipment, demand for secure and reliable connections, and rapid increase in internet usage. In this …

According to a market report by Lucintel, the future of the semiconductor bonding material market looks promising with opportunities in the RF device, CMOS image sensor, LED, 3D NAND, and MEMS & sensor applications. The global semiconductor bonding material market is expected to reach an estimated $0.90 billion by 2028 with a CAGR of 8% from 2023 to 2028. The major drivers for this market are rising demand for micro-electromechanical systems, growing preference for electric vehicles, and escalating demand for …

According to a market report by Lucintel, the future of the aroma chemical based flavor and fragrance market looks promising with opportunities in the food & beverage, fine fragrance, cosmetic & toiletries, and soap & detergent markets. The global aroma chemical based flavor and fragrance market is expected to reach an estimated $30.1 billion by 2028 with a CAGR of 5.8% from 2023 to 2028. The major drivers for this market are increasing inclination towards natural and bio-based chemicals and …

According to a market report by Lucintel, the future of the automotive microcontroller market looks promising with opportunities in body electronic, chassis & powertrain, infotainment & telematics, and safety & security segment applications. The global automotive microcontroller market is expected to reach an estimated $9.9 billion by 2028 with a CAGR of 7.2% from 2023 to 2028. The major drivers for this market are high demand for safety features in vehicles and an increase in demand for capacitive touch sensing …

According to a market report by Lucintel, the future of rigid 1-2 sided in the global PCB market looks promising with opportunities in the computer/peripheral, communication, consumer electronic, industrial electronic, automotive, and military/aerospace sectors. Rigid 1-2 sided in the global PCB market is expected to reach an estimated $6.7 billion by 2028 with a CAGR of 2.5% from 2023 to 2028. The major drivers for this market are rising OEM demand for customised flex and rigid-flex circuit boards and growing …

According to a market report by Lucintel, the future of the third-party laboratory testing of semiconductor market looks promising with opportunities in the automobile, industrial, consumer electronics, communication, and medical sectors. The global third-party laboratory testing of semiconductor market is expected to reach an estimated $2.5 billion by 2028 with a CAGR of 6% from 2023 to 2028. The major drivers for this market are rapid growth in the electronics industry and growing preference for semiconductor testing to ensure minimal …

According to a market report by Lucintel, the future of the industrial connector market looks promising with opportunities in the factory automation and machinery, construction and civil engineering, and energy markets. The global industrial connector market is expected to reach an estimated $8.7 billion by 2028 with a CAGR of 6.8% from 2023 to 2028. The major drivers for this market are improving world GDP, rapid industrialization, and increasing use of more advanced technologies such as industrial automation and robotics. …

According to a market report by Lucintel, the future of consumer electronics in the FPC market looks promising with opportunities in the single layer, double layer, multi- layer, and rigid-flex markets. Consumer electronics in the global FPC market is expected to reach an estimated $2.4 billion by 2028 with a CAGR of 5.3% from 2023 to 2028. The major drivers for this market are on-going digital connectivity, which has necessitated the usage of portable and secure electronic devices and increased …

According to a market report by Lucintel, the future of the SFP optical transceiver market looks promising with opportunities in the telecommunication, data center, and enterprise applications. The global SFP optical transceiver market is expected to reach an estimated $0.25 billion by 2028 with a CAGR of 6.5% from 2023 to 2028. The major drivers for this market are growing demand for hot-swappable and compact media connectors, which enables rapid fibre connectivity and increasing use of these transceivers as an …

According to a market report by Lucintel, the future of the piezo-ceramic market looks promising with opportunities in the industrial & manufacturing, automotive, information & telecommunication, and medical device applications. The global piezo-ceramic market is expected to reach an estimated $1.95 billion by 2028 with a CAGR of 6.2% from 2023 to 2028. The major drivers for this market are growing requirement for ceramics that are versatile and can easily fit in specific applications and increasing usage of piezoelectric ceramics …

According to a market report by Lucintel, the future of micro LED in the global television market looks promising with opportunities in the construction, automotive, transportation, electrical and electronics consumer products, medical devices, packaging, machinery, and equipment markets. Micro LED in the global television market is expected to reach an estimated $0.09 billion by 2028 with a CAGR of 67.0% from 2023 to 2028. The major drivers for this market are growing demand for brilliant and strength display screens among …

According to a market report by Lucintel, the future of automotive lighting in the LED driver market looks promising with opportunities in the decorative lamp and reflector markets. Automotive lighting in the global LED driver market is expected to reach an estimated $0.57 billion by 2028 with a CAGR of 7.1% from 2023 to 2028. The major drivers for this market are huge application of these LED drivers in vehicle’s headlight cluster and increasing use of these drivers for different …

According to a market report by Lucintel, the future of the piezoceramic actuator market looks promising with opportunities in the industrial & manufacturing, automotive, consumer electronic, medical, and military markets. The global piezoceramic actuator market is expected to reach an estimated $2.7 billion by 2028 with a CAGR of 5% from 2023 to 2028. The major drivers for this market are growing demand for high performance piezoceramic actuators to be used in complex and demanding applications, such as industrial, medical, …

According to a market report by Lucintel, the future of the sports video game market looks promising with opportunities in the online and offline markets. The global sports video game market is expected to reach an estimated $19.5 billion by 2028 with a CAGR of 7.8% from 2023 to 2028. The major drivers for this market are increasing interest in video games, which recreates the physical sports experience along with growing number of sports game tournament and rising customer spending …

According to a market report by Lucintel, the future of general lighting in the LED driver market looks promising with opportunities in the residential, office, shop, hospitality, outdoor, industrial, and architectural applications. General lighting in the global LED driver market is expected to reach an estimated $13.1 billion by 2028 with a CAGR of 16.4% from 2023 to 2028. The major drivers for this market are increasing public awareness towards adoption of energy-efficient products and introduction of new switch-mode LED …

According to a market report by Lucintel, the future of medical in FPC market looks promising with opportunities in the single layer, double layer, multi- layer, and rigid-flex markets. Medical in the global FPC market is expected to reach an estimated $0.76 billion by 2028 with a CAGR of 7.5% from 2023 to 2028. The major drivers for this market are growing demand for portable, wireless, and more complex electronic assemblies in the medical sector and miniaturization of medical devices. …

According to a market report by Lucintel, the future of FPC in aerospace & defense market looks promising with opportunities in the single layer, double layer, multi- layer, and rigid-flex markets. FPC in the global aerospace & defense market is expected to reach an estimated $0.74 billion by 2028 with a CAGR of 4.9% from 2023 to 2028. The major drivers for this market are increasing military expenditure around the world, growing usage of robotic applications in the field of …

According to a market report by Lucintel, the future of reflector in LED driver market looks promising with opportunities in the general lighting, automotive lighting, and backlighting applications. Reflector in the global LED driver market is expected to reach an estimated $2.8 billion by 2028 with a CAGR of 13% from 2023 to 2028. The major drivers for this market are increasing demand in the automotive and industrial lighting for high illumination and growing usage of these reflectors in spaces …

According to a market report by Lucintel, the future of the CX4 optical transceiver market looks promising with opportunities in the telecommunication, data center, and enterprise applications. The global CX4 optical transceiver market is expected to reach an estimated $0.27 billion by 2028 with a CAGR of 15.8% from 2023 to 2028. The major drivers for this market are expanding demand of interconnected, easily installed, and affordable transceivers. In this market, ethernet, fiber channel, CWDM/DWDM, FTTx, and others are the …

According to a market report by Lucintel, the future of the zeolite catalyst market looks promising with opportunities in the petroleum and petrochemical sectors. The global zeolite catalyst market is expected to reach an estimated $19.0 billion by 2028 with a CAGR of 6% from 2023 to 2028. The major drivers for this market are growing investments in expanding petrochemical production and increasing usage of these catalysts in the fluid catalytic cracking and hydrocracking applications. In this market, natural and …

According to a market report by Lucintel, the future of the phytogenic feed additive market looks promising with opportunities in various sources, such as herbs & spices, fruits & vegetables, and flowers. The global phytogenic feed additive market is expected to reach an estimated $1.1 billion by 2028 with a CAGR of 8% from 2023 to 2028. The major drivers for this market are rising prevalence of zoonotic diseases, growing need for animal digestibility enhancers, and increasing demand for high …

According to a market report by Lucintel, the future of the cell culture media market looks promising with opportunities in pharmaceutical and biotechnology companies, hospitals and diagnostic laboratories, and research & academic institutes. The global cell culture media market is expected to reach an estimated $9.1 billion by 2028 with a CAGR of 12.3% from 2023 to 2028. The major drivers for this market are expanding biopharmaceutical industry, increasing demand for monoclonal bodies and vaccine production, and growing expenditure in …

According to a market report by Lucintel, the future of the virology specimen collection market looks promising with opportunities in hospitals & clinics and diagnostic centers. The global virology specimen collection market is expected to reach an estimated $7.5 billion by 2028 with a CAGR of 4.5% from 2023 to 2028. The major drivers for this market are increasing need for blood testing to identify viruses and diseases, like cancer and HPV, and growing demand for advanced specimen collection technology …

According to a market report by Lucintel, the future of the empty capsule market looks promising with opportunities in pharmaceutical industry, nutraceutical industry, cosmetic industry, and research laboratories. The global empty capsule market is expected to reach an estimated $4.1 billion by 2028 with a CAGR of 7.7% from 2023 to 2028. The major drivers for this market are growing demand for halal gelatin and vegetarian capsules, rising demand for nutraceutical ingredient based capsules, and growing need for empty capsules …

According to a market report by Lucintel, the future of the pharmaceutical filtration market looks promising with opportunities in the final product processing, raw material filtration, cell separation, water purification, and air purification applications. The global pharmaceutical filtration market is expected to reach an estimated $31.1 billion by 2028 with a CAGR of 18.5% from 2023 to 2028. The major drivers for this market are rapidly growing biopharmaceutical industry; increasing cases of chronic diseases are influencing the need for advanced …

According to a market report by Lucintel, the future of the cell therapy technology market looks promising with opportunities in biopharmaceutical and biotechnology companies, CROs & CMOs, and research institutes & cell banks. The global cell therapy technology market is expected to reach an estimated $8.7 billion by 2028 with a CAGR of 14.5% from 2023 to 2028. The major drivers for this market are increasing investment by governments in cell-based research, rising cases of infection and skin & chronic …

According to a market report by Lucintel, the future of the flexographic printing plate market looks promising with opportunities in the package printing, corrugated printing, and tag and label applications. The global flexographic printing plate market is expected to reach an estimated $1,267.3 million by 2028 with a CAGR of 5.8% from 2023 to 2028. The major drivers for this market are growing demand for printing in packaging and labelling applications and increasing trend of digital technologies across the globe. …

According to a market report by Lucintel, the future of the western blotting market looks promising with opportunities in academic & research institutes, biopharmaceutical & biotechnology companies, and hospitals & diagnostic laboratories. The global western blotting market is expected to reach an estimated $1.26 billion by 2028 with a CAGR of 5.9% from 2023 to 2028. The major drivers for this market are growing prevalence of HIV/AIDS, increasing preference for precision medicines and rise in research and development activities in …

According to a market report by Lucintel, the future of the single use assembly market looks promising with opportunities in the biopharmaceutical & pharmaceutical companies, CROs & CMOs, and academic & research institutes. The global single use assembly market is expected to reach an estimated $8.9 billion by 2028 with a CAGR of 21.9% from 2023 to 2028. The major drivers for this market are increasing demand from biologics market, growing investments in biopharmaceutical research and development activities, and rising …

According to a market report by Lucintel, the future of the industrial & institutional surfactant market looks promising with opportunities in construction, crop protection, emulsion polymerization, food and beverages, lubricants, metalworking fluids, oilfield and mining, paints and coatings, paper, and textiles. The global industrial & institutional surfactant market is expected to reach an estimated $23.8 billion by 2028 with a CAGR of 6% from 2023 to 2028. The major drivers for this market are growing application of industrial & institutional …

According to a market report by Lucintel, the future of the thermoplastic polyester elastomer market looks promising with opportunities in the automotive, electrical & electronic, industrial, medical, and consumer goods sectors. The global thermoplastic polyester elastomer market is expected to reach an estimated $2.0 billion by 2028 with a CAGR of 5.7% from 2023 to 2028. The major drivers for this market are increasing end use of thermoplastic polyester elastomer (TPEE) in lightweight automobile and wearable electronic markets, growing investment …

According to a market report by Lucintel, the future of the industrial flooring construction chemical market looks promising with opportunities in the epoxy floor coating, grout chemical, admixtures chemical, floor hardener, curing and sealing compound, primer, and polyurethane markets. The global industrial flooring construction chemical market is expected to reach an estimated $10.8 billion by 2028 with a CAGR of 6.5% from 2023 to 2028. The major drivers for this market are growing need for durable high performance flooring solutions …

According to a market report by Lucintel, the future of the tablet coating market looks promising with opportunities in pharmaceutical and nutraceutical end uses. The global tablet coating market is expected to reach an estimated $1.64 billion by 2028 with a CAGR of 5.7% from 2023 to 2028. The major drivers for this market are growing adoption of orphan drugs, significant growth in the pharmaceutical industry, and increasing research and development (R&D) investment activities. In this market, cellulosic polymers, vinyl …

According to a market report by Lucintel, the future of the protein characterization and identification market looks promising with opportunities in pharmaceutical & biotechnology companies, academic research institutions, and contract research organizations. The global protein characterization and identification market is expected to reach an estimated $30.3 billion by 2028 with a CAGR of 13.4% from 2023 to 2028. The major drivers for this market are increasing acceptance of precision medicine, growing drug research and development activities, and supportive government funds …

According to a market report by Lucintel, the future of the efficacy testing market looks promising with opportunities in pharmaceutical manufacturing, cosmetic and personal care product, consumer product, and medical device applications. The global efficacy testing market is expected to reach an estimated $0.55 billion by 2028 with a CAGR of 7.5% from 2023 to 2028. The major drivers for this market are increasing regulations for pharmaceutical and cosmetic products concerning product safety, rise in research and development activities, and …

According to a market report by Lucintel, the future of the sunscreen chemicals in the global cosmetic chemical market looks promising with opportunities in the offline and online markets. The growth of sunscreen chemicals in the global cosmetic chemical market is expected to reach an estimated $1.8 billion by 2028 with a CAGR of 5.6% from 2023 to 2028. The major drivers for this market are growing cases of skin care and skin disorders, increasing consumer awareness about skin protection …

According to a market report by Lucintel, the future of the eClinical solutions market looks promising with opportunities in the pharmaceutical & biopharmaceutical companies, contract research organizations, consultancy service companies, medical device manufacturers, hospitals, and academic & research institutes. The global eClinical solutions market is expected to reach an estimated $17.1 billion by 2028 with a CAGR of 12.5% from 2023 to 2028. The major drivers for this market are growing number of clinical trials, increasing requirement for data processing …

According to a market report by Lucintel, the future of the 3D bioprinting market looks promising with opportunities in pharmaceutical & biotechnology and research organizations & academic institutes. The global 3D bioprinting market is expected to reach an estimated $5.0 billion by 2028 with a CAGR of 18.4% from 2023 to 2028. The major drivers for this market are growing demand for organ transplantation, rise in public and private funding to support research activities, and increasing usage of 3D bioprinting …

According to a market report by Lucintel, the future of the animal parasiticide market looks promising with opportunities in veterinary clinics & hospitals, animal farms, and home care setting. The global animal parasiticide market is expected to reach an estimated $15.5 billion by 2028 with a CAGR of 7% from 2023 to 2028. The major drivers for this market are growing concern for animal health from various diseases and pesticides, rising adoption rate of domestic animals, and increasing demand for …

According to a market report by Lucintel, the future of the near infrared imaging market looks promising with opportunities in hospitals & clinics, pharmaceutical & biotechnology companies, and research laboratories. The global near infrared imaging market is expected to reach an estimated $1.8 billion by 2028 with a CAGR of 4.5% from 2023 to 2028. The major drivers for this market are increasing incidence of target diseases, such as cancer, neurovascular diseases, and gastrointestinal diseases, and growing number of surgical …

According to a market report by Lucintel, the future of the military market looks promising with opportunities in the air force, army, and navy applications. The global military market is expected to reach an estimated $196.0 billion by 2028 with a CAGR of 5.3% from 2023 to 2028. The major drivers for this market are rising demand for automated fighter jets, growing adoption of artificial intelligence in modern drone technologies, and the increasing trend of unmanned aerial vehicles in the …

According to a market report by Lucintel, the future of the in-vitro diagnostics market looks promising with opportunities in the hospitals, laboratories, and home care end use industries. The global in-vitro diagnostics market is expected to reach an estimated $127.3 billion by 2028 with a CAGR of 5.0% from 2023 to 2028. The major drivers for this market are increasing prevalence of chronic diseases and growing demand for automated IVD systems for laboratories as well as hospitals to deliver accurate, …

According to a market report by Lucintel, the future of the semiconductor bearing market looks promising with opportunities in the original equipment(OE) and aftermarket end use industries. The global semiconductor bearing market is expected to reach an estimated $0.5 billion by 2028 with a CAGR of 6.5% from 2023 to 2028. The major drivers for this market are growing demand for consumer electronics, such as smartphones, laptops, and tablets, and increasing customer focus on energy efficient semiconductor equipment. In this …