Human Resource Management Market Growth Drivers, Vendor Landscape and Regional Outlook

Human Resource Management Industry Overview

The global human resource management market size is expected to reach USD 56.15 billion by 2030, registering a CAGR of 12.8% from 2022 to 2030, according to a new report by Grand View Research, Inc. Digitalization in human resource management (HRM) technologies and software such as analytics, mobile, and cloud-based technologies are expected to drive the growth of the market. Future trends are the shift towards full-time remote work post-COVID-19 and the goal-oriented model's incorporation into workforce operations. Companies have also learned that developing corporate culture among employees can help them achieve their collective goals.

Human Resource Management Market Segmentation

Grand View Research has segmented the global human resource management market based on component, software, service, deployment, enterprise size, end-use, and region:

Based on the Component Insights, the market is segmented into Software and Services.

• The software segment led the HRM market in 2021 with a revenue share of around 68%.
• This growth can be attributed to the high demand for talent management and core HR software from companies of various industries for retaining workforces.
• HRM software not only enhances productivity by automating manual tasks and diminishes the error rate but also provides assistance in assessing the operational trends within the company.

Based on the Software Insights, the market is segmented into Core HR, Employee Collaboration & Engagement, Recruiting, Talent Management, Workforce Planning & Analytics and Others.

• The core HR segment led the market in 2021 with a revenue share of over 33%. The increased need for automating various HR operations in the department is responsible for the major revenue share.
• The talent management segment is estimated to witness the fastest CAGR from 2022 to 2030.

Based on the Service Insights, the market is segmented into Integration & Deployment, Support & Maintenance and Training & Consulting.

• The integration and deployment segment controlled the market in 2021 with a revenue share of nearly 37%.
• The support & maintenance segment is estimated to record the fastest CAGR from 2022 to 2030.
• The rising organizational demand to improve the competence of the existing systems, shifting towards automation, and adoption of cloud computing are some of the important aspects that are driving the development of the market.

Based on the Deployment Insights, the market is segmented into Hosted and On-premise.

• The on-premise segment dominated the HRM market in 2021 with a revenue share of around 59%.
• The demand for hosted deployment is expected to rise considerably over the estimated period.

Based on the Enterprise Size Insights, the market is segmented into Large Enterprise and Small & Medium Enterprise (SME).

• The large enterprise segment dominated the market in 2021 with a revenue share of over 58%.
• The dominant revenue share can be credited to the aggressive implementation of HRM solutions by some large organizations to efficiently manage their enormous databases of employees.
• The SME segment is estimated to register the highest CAGR over the forecast period.
• Several SMEs are adopting HR solutions to decrease the burdens of carrying out administrative tasks and instead focus on administrative growth.

Based on the End-use Insights, the market is segmented into Academia, BFSI, Government, Healthcare, IT & Telecom, Manufacturing, Retail and Others

• The IT & telecom segment achieved the highest revenue share of over 20% in 2021.
• The large revenue share can be ascribed to the growing demand for system automation and the requirement to source candidates based on job profiles and organizational structure throughout the IT industry.
• HRM software and services are in high demand in the retail business due to the increasing need to match internal consumer expectations and overcome obstacles in employee retention processes.

Human Resource Management Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

Key Companies Profile & Market Share Insights

Vendors active in the market are following various strategic initiatives including mergers & acquisitions, partnerships and collaborations, and new product development as part of the efforts to gain a competitive edge and expand the customer base.

Some prominent players in the Human Resource Management market include

• Accenture
• ADP, Inc.
• Cezanne HR Limited.
• Ceridian HCM, Inc.
• International Business Machines Corp. (IBM)
• Kronos Incorporated
• Mercer LLC
• Oracle
• PwC
• SAP SE
• Cegid
• UKG, Inc.
• Workday, Inc.

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Industrial Refrigeration Systems Market Sales Forecasts Reveal Positive Growth Worth $27.66 Billion By 2030

Industrial Refrigeration Systems Industry Overview

The global industrial refrigeration systems market size is estimated to reach USD 27.66 billion by 2030, registering a CAGR of 4.3% from 2022 to 2030, according to a new report by Grand View Research, Inc. The increasing demand for fast-moving consumer goods and retail food is expected to contribute to expanding the industrial refrigeration system market as there is a need for efficient storage of perishable edible items. Furthermore, governments' initiatives to support and strengthen cold chain infrastructures in developing nations and an increasing trend towards eco-friendly refrigeration systems due to inflexible regulatory policies are influencing factors driving the market growth.

Industrial Refrigeration Systems Market Segmentation

Grand View Research has segmented the global industrial refrigeration systems market based on component, capacity, application, and region.

Based on the Component Insights, the market is segmented into Compressors, Condensers, Evaporators, Controls and Others.

• The compressor market is expected to witness the fastest CAGR of over 6.7% from 2022 to 2030 due to its key features like pressure building, usage control, and financial ability.
• Due to the rising need for more reliable and energy-efficient systems, the evaporators segment is expected to grow significantly in the coming years.

Based on the Capacity Insights, the market is segmented into Less than 100 kW, 100-500 kW, 500kW-1,000kW, 1,000kW-5,000kW and More than 5,000 kW.

• The 500kW-1000kW capacity segment had the highest revenue share of around 32.3% of the entire market in 2021.
• 500kW-1000kW is the optimal temperature range to avoid spoilage of edibles and resource loss.
• The 1,000kW-5,000kW segment is anticipated to grow at a significant rate over the forecast period.
• This change is subjected to the growing demand for the storage of petrochemical, vaccines, and items which may perish in uncontrolled environments.

Based on the Application Insights, the market is segmented into Refrigerated Warehouse, Food & Beverage, Chemical, Petrochemical, & Pharmaceutical and Refrigerated Transportation.

• The food & beverage segment accounted for the largest share of over 57.9% of the market in 2021, and it is projected to dominate the market in the forecast period.
• The rising popularity of packaged and frozen food around the globe is the main factor affecting the segment's growth.
• The refrigerated transportation and warehouse are anticipated to overgrow due to the increase in urban population and their demand for packaged food and beverages and frozen food.
• The petrochemical, pharmaceutical and chemical, segment is expected to show substantial growth over the forecast year 2022 to 2030.
• This growth rate results from increased demand for freeze-drying processes, sterilizing medical devices, removing the heat of action, etc.

Industrial Refrigeration Systems Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

Key Companies Profile & Market Share Insights

The key players in the industrial refrigeration systems market focus on innovation, advancements, and acquisition of components to gain a competitive edge.

Some prominent players in the Industrial Refrigeration Systems market include

• Johnson Controls.
• Emerson Electric Co.
• Danfoss
• GEA Group Aktiengesellschaft
• MAYEKAWA MFG. CO., LTD.
• BITZER Kühlmaschinenbau GmbH
• DAIKIN INDUSTRIES, Ltd.
• EVAPCO, Inc.
• Güntner GmbH & Co. KG
• LU-VE S.p.A.

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Multi-access Edge Computing Market To Perceive Substantial Growth At A CAGR Of 47.2% By 2030

Multi-access Edge Computing Industry Overview

The global multi-access edge computing market size is anticipated to reach USD 55,409.7 million by 2030, expanding at a CAGR of 47.2% during the forecast period, according to a new report by Grand View Research, Inc. The increasing adoption of Over-the-Top (OTT) media streaming services and rising demand for personalized content are estimated to drive market growth. The rising number of users opting for the OTT video delivery model is projected to encourage mobile networks and telecom companies to improve their existing infrastructure. The multi-access edge computing (MEC) architecture brings backend functions closer to the user network, which is anticipated to help Multichannel Video Programming Distributors (MVPD) meet consumer expectations.

The fusion of edge computing and big data analytics could also offer promising growth prospects to the market. Service providers across sectors such as financial services, manufacturing, energy, and agriculture are increasingly adopting multi-access edge computing to gain better business decision-making capabilities, financial instruments, and competitive intelligence. Big data analytics is being constantly used to build compression-based data reduction to minimize the total volume for better in-network data transfer in data centers and clusters. Furthermore, extraordinary use-cases including MEC integration with unmanned aerial vehicle base stations allow the stabilization of delay in edge nodes to safeguard effective energy-saving capabilities and data analysis.

Multi-access Edge Computing Market Segmentation

Grand View Research has segmented the global multi-access edge computing market on the basis of solution, end-use, and region.

Based on the Solution Insights, the market is segmented into Hardware, Software and Services.

• The need for software capable of offering multi-level load balancing, content synchronization, and distributed processing is boosting the growth of the software segment.
• The hardware segment acquired more than 30% revenue share in 2021. The ubiquity of connected devices and the increased demand for real-time decision-making are encouraging the adoption of improved data centers and servers.

Based on the End-Use Insights, the market is segmented into IT & Telecom, Smart Cities, Smart Homes, & Smart Buildings, Datacenters, Energy & Utilities, Automotive and Others (Healthcare, Agriculture).

• The telecom and IT segment captured a revenue share of more than 30% in 2021.
• IT software and hardware firms are creating new low-power solutions for IoT networks and systems that are anticipated to enhance sales and open up new revenue streams.
• The MEC architecture helps increase the flexibility in data center deployment. As a result, the data center segment accounted for a prominent market share in 2021.
• The ability of the technology to create data centers that are linked with a variety of small and medium devices, such as wearables, mobile phones, gateways, and IoT devices, is likely to promote market growth.
• Moreover, the rising numbers of smart building applications and smart cities offer a variety of opportunities to players in the market, especially in areas such as image recognition, video analytics, and facility management end-use.

Multi-access Edge Computing Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

Key Companies Profile & Market Share Insights

Establishments globally are joining forces with other companies to develop their service offerings and create new revenue streams.

Some prominent players in the Multi-access Edge Computing market include

• ADLINK Technology Inc.
• Advantech Co., Ltd.
• FogHorn Systems
• Hewlett Packard Enterprise Development LP
• Huawei Technologies Co., Ltd.
• Juniper Networks, Inc.
• SAGUNA
• SMART Embedded Computing
• Vapor IO
• Skyvera

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Nanosatellite and Microsatellite Market To Display Commendable Growth Worth $13.89 Billion By 2030

Nanosatellite and Microsatellite Industry Overview

The global nanosatellite and microsatellite market size is expected to reach USD 13.89 billion by 2030, growing at a CAGR of 23.3% from 2022 to 2030, according to a new report by Grand View Research, Inc. The upsurge in Earth observation missions and the development of Small Satellite Launch Vehicles (SSLVs) are expected to propel the growth of the market. For instance, in February 2022, EOS-04, an Earth observation satellite, was launched into a sun-synchronous polar orbit by India's Polar Satellite Launch Vehicle PSLV-C52. The satellite weighs 1,710 kg and provides high-quality photographs.

The emerging role of small satellites in the telecom sector has enabled telecom providers to accelerate 5G deployment globally, in addition to creating market opportunities for the satellite communication (Satcom) industry stakeholders. Developing small satellites for 5G deployment can particularly benefit in the form of wide-area coverage, cost-effectiveness, and reliability. Latest technologies such as new solar panel cell technology and star tracker technology are allowing providers of small satellites to strengthen their position in the broader satellite industry.

Nanosatellite and Microsatellite Market Segmentation

Grand View Research has segmented the global nanosatellite and microsatellite market based on mass, application, end-use, and region:

Based on the Mass Insights, the market is segmented into Nanosatellites and Microsatellites.

• The nanosatellites segment accounted for a revenue share of more than 79% in 2021 owing to the growing deployment of a nanosatellite for Earth observation missions.
• The data from Earth observation satellites have proven to be significantly beneficial for applications such as improving water management, tracking refugee populations, carrying out relief operations, and national defense.

Based on the Application Insights, the market is segmented into Communication & Navigation, Earth Observation/Remote Sensing, Scientific Research, Technology & Academic Training.

• The Earth observation/remote sensing segment accounted for a revenue share of more than 51% in 2021 as several governments continued to invest in Earth observation and meteorology projects.
• The adoption of smallsats in communication and navigation is increasing owing to the increased popularity of advanced technologies such as Over-The-Top (OTT) services and Internet Protocol Television (IPTV).

Based on the End-use Insights, the market is segmented into Government, Defense & Security, Commercial and Civil.

• The commercial segment dominated the market for nanosatellite and microsatellite with a revenue share of more than 44% in 2021 owing to an increase in communication, broadcasting, and navigation activities.
• According to the Satellite Industry Association (SIA), the demand for broadband satellites is expected to grow at a CAGR of 29% by 2024.
• The defense & security segment accounted for a revenue share of over 27% in 2021 as small satellites help in enhancing operational support to military forces.

Nanosatellite and Microsatellite Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

Key Companies Profile & Market Share Insights

Nanosatellite and microsatellite have witnessed substantial growth in terms of spacecraft development, building, and launches over the past decade. The CubeSat concept enabled companies to find a different role in satellite design compared to their traditional roles.

Some prominent players in the Nanosatellite and Microsatellite market include

• Dauria Aerospace
• GomSpace
• Innovative Solutions in Space (ISIS)
• Sierra Nevada Corporation (SNC)
• Spire Global, Inc.
• SpaceQuest Ltd.
• Surrey Satellite Technology Limited (SSTL)
• The Boeing Company
• Tyvak Inc.
• Vector Launch, Inc

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Smart Glass Market: The Growing Energy-Conservation Initiatives To Be Play Important Role In Industry Growth

Smart Glass Industry Overview

The global smart glass market size is expected to reach USD 9.58 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.0% from 2022 to 2030. This can be attributed to the growing product demand across the transportation and architectural sectors. The emerging trend of deploying innovative technologies in new buildings has instigated the adoption of smart glass products in the architectural sector.

Smart Glass Market Segmentation

Grand View Research has segmented the global smart glass market based on technology, application, and region:

Based on the Technology Insights, the market is segmented into Electrochromic, Polymer Dispersed Liquid Crystal (PDLC), Suspended Particle Devices (SPD), Thermochromics and Photochromic.

• The electrochromic glass segment had accounted for a sizeable share of over 83.0% in 2021.
• This can be largely attributed to the benefits associated with the product, such as the high blockage ratio of UV and IV rays, low driving voltage, and the ability to integrate with large glass panels easily.
• The suspended particle device (SPD) smart glass segment is expected to witness the highest CAGR of around 5.0% through 2030 on account of its high stability against UV rays.
• The growing proclivity towards ‘Green Energy’ resources is further driving the demand for PDLC smart glass technology.

Based on the Application Insights, the market is segmented into Architectural, Transportation, Consumer Electronics and Power Generation.

• The transportation application segment captured a considerable market share of around 49.0% in 2021.
• The transportation segment is further bifurcated into aircraft, automotive, and marine.
• The notable growth in the automotive segment can be ascribed to the heightened adoption of smart glass by luxury car manufacturers.
• Self-cleaning glasses, low-emissivity glasses, and solar control glasses are likely to become prominent offerings for the construction sector in the upcoming years.
• The increasing number of infrastructure projects, as well as restoration and renovation activities in residential and commercial spaces, are strongly contributing to the growth of the architectural segment.

Smart Glass Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

Key Companies Profile & Market Share Insights

The major market players are emphasizing the development of innovative offerings to serve a large customer base and gain a competitive advantage.

Some prominent players in the Smart Glass market include

• AGC Inc.
• ChromoGenics
• Corning Incorporated
• Gauzy Ltd.
• Gentex Corporation
• Guardian Industries
• Kinestral Technologies, Inc.
• Nippon Sheet Glass Co., Ltd.
• PPG Industries, Inc.
• RavenWindow
• Research Frontiers Inc.
• Saint-Gobain S.A.
• Showa Denko Materials Co., Ltd.
• Smartglass International Limited
• VELUX Group
• View, Inc.
• Vision Systems

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Rising Penetration Of Mobile Devices Is Expected To Drive Unified Communications Market By 2028

Unified Communications Industry Overview

The global unified communications market size is expected to reach USD 344.84 billion by 2028, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 20.5% from 2021 to 2028. Changing workforce dynamics, growing prominence for Unified Communication as a Service (UCaaS), and virtualization of data and devices are factors that are expected to increase the adoption of UC solutions in enterprises.

Unified Communications Market Segmentation

Grand View Research has segmented the global unified communications market on the basis of product, solution, organization size, end-use, region:

Based on the Product Insights, the market is segmented into Hosted and On-premise.

• The on-premise segment dominated the unified communications market in 2020 and accounted for over 50% of the global revenue share.
• The hosted UC segment is expected to record the highest CAGR due to lower capital expenditure, operating expenses, and total ownership costs.

Based on the Solution Insights, the market is segmented into Instant & Unified Messaging, Audio & Video Conferencing, IP Telephony and Others.

• The instant and unified messaging segment dominated the market in 2020, accounting for over 34% revenue share.
• This can be attributed to an emerging need among businesses to engage in quick communications between peers and get real-time notifications of scenarios in mission-critical situations.
• Voice is still the preferred mode of communication among enterprises. However, businesses are also widely demanding video and messaging services to enable more expansive communication. This has increased the demand for audio and video conferencing solutions in enterprises.

Based on the Organization Size Insights, the market is segmented into SMEs and Large Enterprises.

• Large enterprises accounted for a revenue share of over 79% in 2020. Tech-savvy employees demand an advanced level of communication at work to increase efficiency and productivity.
• Many vendors have shifted their focus to Small and Medium-sized Businesses (SMBs), which earlier did not comprise the primary market due to the high cost of on-premise equipment and lack of awareness about UC's potential benefits.

Based on the End-use Insights, the market is segmented into Enterprises, Education, Government, Healthcare and Others.

• The enterprises sector accounted for the largest revenue share of 49.23% in 2020.
• Factors such as increasing business operations and a higher number of cross-functional teams and remote workers have facilitated corporations to deploy unified communication solutions at the enterprise level to ensure seamless communication practices.
• The government sector captured a significant market share, accounting for over 25% of the global revenue in 2020.
• The government sector is widely deploying video conferencing tools for effective communications between remote offices of different departments.

Unified Communications Regional Outlook

• North America
• Europe
• Asia Pacific
• South America
• MEA

Key Companies Profile & Market Share Insights

The market has witnessed several product launches and merger & acquisition activities in the last few years.

Some prominent players in the Unified Communications market include

• Cisco Systems Inc.
• Avaya, Inc.
• Alcatel-Lucent
• IBM Corporation
• Plantronics Inc.

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What Are The Factors Driving The Revenue To Webcam Market?

Webcam Industry Overview

The global webcam market size is expected to reach USD 18.1 billion by 2028, registering a CAGR of 12.9% from 2021 to 2028, according to a new report by Grand View Research, Inc. Factors such as the rising concern regarding security and surveillance, increasing emphasis on virtual meetings across the commercial sector, and continuous product innovations are expected to support the growth of the market.

Webcam Market Segmentation

Grand View Research has segmented the global webcam market based on product, technology, distribution channel, end use, and region:

Based on the Product Insights, the market is segmented into USB and Wireless.

• The USB segment dominated with a revenue share of above 50.0% in 2020.
• Wired webcams are less prone to overheating due to more prominent cases which permit heat scattering.
• The wireless segment is expected to benefit from the ability of these products to remotely connect to a device using Bluetooth or Wi-Fi technology.

Based on the Technology Insights, the market is segmented into Analog and Digital.

• In terms of revenue, the digital segment is estimated to account for the highest CAGR of around 15.0% over the forecast period.
• Better image quality, more video coverage area, wireless connectivity features, and built-in encryption for cyber-security are some of the key factors contributing to the promising growth prospects of the digital webcam segment.
• On the contrary, analog webcams are more popular than their digital counterparts owing to their affordable prices.
• Analog cameras offer a low video resolution of 704x480 pixels, with video quality further deteriorating while zooming the cameras.

Based on the Distribution Channel Insights, the market is segmented into Brick & Mortar and E-commerce.

• The brick and mortar segment dominated the webcam market in 2020 with a revenue share of over 85%.
• Consumers prefer to buy webcams at brick and mortar stores as they can be physically examined and the tangibility leads to faster purchasing decisions.
• However, the buying preference of the target audience is rapidly shifting toward e-commerce shopping due to benefits like heavy discounts, availability of a variety of products, and faster delivery services.

Based on the End-use Insights, the market is segmented into Security & surveillance, Entertainment, Video conferencing, Live events, Visual marketing and Others.

• In terms of revenue, the security and surveillance segment is projected to register the highest CAGR of close to 15.0% during the forecast period.
• The visual marketing segment is also expected to witness significant growth throughout the forecast period.

Webcam Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

Key Companies Profile & Market Share Insights

Furthermore, prominent webcam manufacturers are highly emphasizing the integration of their products with upgraded technologies to enable high-resolution video streaming, state-of-the-art microphones, and reduced buffering caused due to external environment interferences.

Some prominent players in the Webcam market include

• Logitech
• Microsoft
• Canon, Inc.
• Cisco Systems, Inc.
• Sony Corporation
• Razer, Inc.

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The Outbreak Of The COVID-19 Pandemic Has Had A Significant Impact On The Anime Market

Anime Industry Overview

The global anime market size is expected to reach USD 56.39 billion by 2030, growing at a CAGR of 9.7% during the forecast period, according to a new study by Grand View Research, Inc. The growing popularity of anime content around the world is expected to drive the growth of this market over the forecast period. The introduction of application games and the growing preference for online distribution of anime content, which accounts for a significant portion of global sales, are expected to contribute to the growth of the market. Advancements in technology are allowing anime content creators to improve the capabilities of their solutions. Anime content creators are particularly putting aggressive efforts into building complex pre-production and post-production tools.

As such, the continued implementation of various cutting-edge technologies, such as blockchain and Artificial Intelligence (AI), in anime gaming to improve the overall gaming experience bodes well for the growth of this market. The fan base of anime content is rising all around the world. Some of the popular anime programs include Naruto, One Piece, Hunter X Hunter, and Dragon Ball Z. Anime comics, also known as manga, are also gaining immense popularity among anime lovers worldwide. As a result, creators are focusing on creating high-quality anime content with high resolution and improved audio, which can potentially aid in the development of cognitive, problem-solving, and social abilities in children.

Anime Market Segmentation

Grand View Research has segmented the global anime market on the basis of anime type and region:

Based on the Type Insights, the market is segmented into T.V., Movie, Video, Internet Distribution, Merchandising, Music, Pachinko and Live Entertainment.

• The merchandising segment accounted for the highest share of more than 29.00% of the global revenue in 2021 and is anticipated to continue dominating the market during the forecast period.
• The popularity of anime merchandise including t-shirts, keychains, posters, and figurines is growing significantly among the young population.
• Moreover, this merchandise is available for sale through a variety of online and offline channels, thereby allowing easy access to consumers.
• The internet distribution segment is anticipated to grow at the fastest CAGR over the forecast period.
• The growing sales of anime content via application games and internet streaming platforms, particularly in overseas markets, are expected to drive the segment growth.
• An online streaming service, such as Netflix and AbemaTV, are producing original animation content and shows as part of their efforts to gain a competitive edge in the market.

Anime Regional Outlook

• North America
• Europe
• Asia Pacific Ex. Japan
• Latin America
• MEA
• Japan

Key Companies Profile & Market Share Insights

The market is highly competitive and characterized by the presence of several players. The growing number of creative content owners licensing their anime creations and gaming characters to a limited group of distributors and manufacturers is particularly propelling the growth of merchandising and licensing revenues.

Some prominent players in the Anime market include

• Bones Inc.
• Kyoto Animation Co., Ltd.
• Madhouse Inc.
• Production I.G, Inc.
• Toei Animation Co., Ltd.

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Anti-drone Market Key Players Are Dedrone, Orelia, Advanced Radar Technologies and Airbus Group

Anti-drone Industry Overview

The global anti-drone market size is anticipated to reach USD 10.5 billion by 2030, registering an estimated CAGR of 28.3% from 2022 to 2030, according to a new report by Grand View Research, Inc. The use of drones is getting more normal which increases the risk of security and privacy. These threats are faced by both civilians and military personnel as drones can be remotely operated and even unauthorized unmanned vehicles.

Anti-drone Market Segmentation

Grand View Research has segmented the global anti-drone market based on the mitigation type, defense type, end use, and region:

Based on the Mitigation Type Insights, the market is segmented into Destructive System and Non-destructive System.

• The destructive system segment accounted for the largest share of 91.4% 2021 and is expected to grow the market during the forecast period.
• The destructive segment is further divided into electronic countermeasure, missile effectors, and laser system.
• The electronic countermeasure segment is predicted to grow at a CAGR of 31.2% from 2022 to 2030.

Based on the Defence Type Insights, the market is segmented into Drone Detection & Disruption Systems and Drone Detection Systems.

• The detection and disruption segment captured the largest revenue share of 68.0% in 2021.
• The detection system segment is predicted to grow at a CAGR of 29.3% from 2022 to 2030.

Based on the End-Use Insights, the market is segmented into Military & Defence, Commercial, Government and Others.

• The military and defense segment captured the largest revenue share of 58.5% in 2021, and this segment is likely to dominate the Anti-drone market throughout the forecast period.
• The commercial segment is predicted to grow at a CAGR of 31.9% from 2022 to 2030.
• The growing demand for counter-UAV technology in various commercial areas, including airports, prisons, live events, and critical infrastructure, is expected to allow the adoption of such programs in all of these areas.

Anti-drone Regional Outlook

• North America
• Europe
• Asia-Pacific
• Latin America
• MEA

Key Companies Profile & Market Share Insights

The anti-drone market is going through rapid changes. There is a surge of new entries in the market, increasing market competition. There has also been an increase in local players within the market, providing different types of drone combat solutions.

Some prominent players in the Anti-drone market include

• Advanced Radar Technologies S.A.
• Airbus Group SE
• Blighter Surveillance Systems
• Dedrone
• DeTect, Inc.
• Drone shield LLC
• Enterprise Control Systems
• Israel Aerospace Industries Ltd. (IAI)
• Lit eye Systems, Inc.
• Lockheed Martin Corporation
• Orelia
• Prime Consulting and technologies
• Raytheon Company
• Saab Ab
• Selex Es Inc.
• Thales Group
• The Boeing Company

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What Is The Automotive Engineering Services Outsourcing Market Growth By 2030?

Automotive Engineering Services Outsourcing Industry Overview

The global automotive engineering services outsourcing market size is anticipated to reach USD 286.38 billion by 2030 registering a CAGR of 20.8% during the forecast period, according to a new report by Grand View Research, Inc. Increasing collaborative activities between Original Equipment Manufacturers (OEMs) and Engineering Service Providers (ESPs) to achieve promising technologies for performance enhancement, self-driving, and safety assurance adjustments are the factors anticipated to propel the automotive ESO market growth.

Automotive Engineering Services Outsourcing Market Segmentation

Grand View Research has segmented the global automotive engineering service outsourcing market based on the application, service, location, and region:

Based on the Application Insights, the market is segmented into Autonomous Driving/ADAS, Body & Chassis, Power train and After-treatment, Infotainment & Connectivity and Others.

• The powertrain and after-treatment segment registered for the largest revenue share of around 31.0% of the automotive ESO market in 2021.
• This is attributed to the electrification of powertrains as a replacement for Internal Combustion Engines (ICE) fueled by petroleum and gasoline that can minimize the impact of carbon emissions on the environment.
• The infotainment & connectivity segment is estimated to record the fastest growth registering a CAGR of more than 24.0% during the forecast period.
• The body & chassis segment accounted for substantial growth in the revenue share during 2021 due to the rapid production of green vehicles that reduce harmful emissions.
• The adoption of autonomous driving/ADAS is expected to witness significant growth in the forecast period due to its ability to sense & identify its environment and offer a safe movement.
• ADAS comprises various sensors, including lidar, GPS, radar, inertial measurement units, and others that provide advanced sensory information and control systems to navigate paths.

Based on the Service Insights, the market is segmented into Designing, Prototyping, System Integration, Testing and Others.

• The prototyping segment accounted for the largest revenue share of over 31.0% in 2021 and is expected to lead the automotive ESO market throughout the forecast period.
• The testing segment is expected to account for the fastest growth registering a CAGR of around 30.0% during the eight years as ESPs are investing in the construction of new test centers in an attempt to expand and meet the increasing requirements for automotive testing.
• Moreover, the designing segment is anticipated to register significant growth from 2022 to 2030.

Based on the Location Insights, the market is segmented into On-shore and Off-shore.

• The on-shore segment accounted for the largest revenue share of around 60.0% of the overall market in 2021 and is expected to register the fastest growth in the forecast period.
• The off-shore segment is expected to register significant growth in the forecast period. This is attributed to the emerging preferences of OEMs to outsource services from low-cost countries such as India, China, Brazil, Mexico, and Ukraine.

Automotive Engineering Services Outsourcing Regional Outlook

• North America
• Europe
• Asia-Pacific
• South America
• MEA

Key Companies Profile & Market Share Insights

The growing use of sustainable technology solutions has forced key participants to concentrate on business strategies like mergers, partnerships, and acquisitions beneficial for their businesses. The key participants focus on collaboration with OEMs to have a competitive edge over others in the market.

Some prominent players in the Automotive Engineering Services Outsourcing market include

• Alten Group
• Altran (Capgemini Engineering)
• AVL List GmbH
• Bertrandt AG
• FEV Group GmbH
• Horiba, LTD.

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Burner Management System Market Growth Drivers, Vendor Landscape and Raw Material Outlook

Burner Management System Industry Overview

The global burner management system market size is expected to reach USD 7.63 billion by 2025, registering a CAGR of 6.1% from 2019 to 2025, according to a new report by Grand View Research, Inc. This growth can be attributed to the rapid rate of industrial development worldwide, coupled with the need to improve plant uptime and ensure regulatory compliance. Rise in regulations concerning employee safety at workplace is also expected to drive the adoption of burner management systems globally. A typical BMS is responsible for the safe start-up, shutdown, and operation of a boiler.

Burner Management System Market Segmentation

Grand View Research has segmented the global burner management system market on the basis of platform, fuel type, end-use, component, system size, application, and region.

Based on the Platform Insights, the market is segmented into Distributed Control System (DCS) and Programmable Logic Controller (PLC).

• The PLC segment dominated the market in 2018 and is anticipated to retain its dominance over the forecast period. The segment is projected to register a CAGR of approximately 5% over the forecast period.
• The market for the distributed control system BMS platform segment is expected to register the fastest CAGR over the forecast period.

Based on the Fuel Type Insights, the market is segmented into Oil, Gas and Others.

• Presently, BMS for gas-powered burners witness higher demand across several industries as they are environmentally friendly as compared to oil and coal-powered ones.
• In 2018, the gas segment accounted for over 50% share of the overall market.
• The segment is expected to dominate the global market for the burner management system over the forecast period.
• Governments worldwide are enforcing stringent environment norms to minimize pollution levels. These norms are expected to drive the adoption of gas-fired burners as combustion of natural gas releases meager amounts of Nitrogen Oxides (NOx), Sulfur Dioxide (SO2), Carbon Dioxide (CO2), Carbon Monoxide (CO), and other reactive hydrocarbons and virtually no particulate matter.

Based on the End-Use Insights, the market is segmented into Oil & Gas, Power, Chemical, Pharmaceutical and Others.

• The oil & gas segment dominated the market in 2018. Various applications in the oil and gas sector, such as heaters, line heaters, dehydrators, separators, and re-boilers, require burner (heat) and BMS to facilitate the proper functioning of the equipment.
• In the chemical industry, the market for BMS is likely to witness a CAGR of over 7% over the forecast period.

Based on the Component Insights, the market is segmented into Hardware and Software.

• The hardware segment is estimated to emerge as the largest revenue-generating segment over the forecast period.
• The segment comprises flame detectors, actuators & controllers, shut-off valves, ignition units, and alarms & shutdowns.
• Of these, the alarms & shutdowns sub-segment is expected to register the highest CAGR of more than 7% over the forecast period.
• The software segment is projected to register the highest CAGR of nearly 7% over the forecast period.

Based on the System Size Insights, the market is segmented into Small, Medium and Large.

• The medium burner management systems segment is expected to account for approximately 44% of the overall market share by 2025.
• The segment accounted for the dominant share of the market in 2018 as well.
• The market for the large burner management system segment is expected to register the highest CAGR of nearly 7% over the forecast period.

Based on the Application Insights, the market is segmented into Single-Burner and Multiple-Burner.

• The increasing complexity of the multiple-burner environment is expected to create the demand for safety systems over the forecast period.
• The multiple-burner segment accounted for the largest revenue share of the overall market in 2018 and is anticipated to continue to lead over the forecast period.
• The segment is projected to register the highest CAGR of more than 7% over the forecast period.

Burner Management System Regional Outlook

• North America
• Europe
• Asia-Pacific
• Latin America
• MEA

Key Companies Profile & Market Share Insights

Some of the top companies have started providing advanced systems that offer benefits such as redundancy management, built-in diagnostics, and error checking.

Some prominent players in the Burner Management System market include

• Siemens
• Emerson Electric Co.
• Schneider Electric
• ABB, Rockwell Automation, Inc.
• Honeywell

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Facial Injectable Market Analysis Report By Product, Application and Segment, 2030

Facial Injectable Industry Overview

The global facial injectable market size is expected to reach USD 35.0 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 9.1% from 2022 to 2030. The facial injectable is a substance that is used to reduce wrinkles and restore volume and fullness in the face. It is injected beneath the facial skin surface. Some commonly used facial injectable include hyaluronic acid, botulinum toxin type A, and polymer fillers.

Growing focus on physical appearance, especially in developing countries is one of the key factors expected to drive the market. In addition, a shift in consumer preference towards minimally invasive procedures is also expected to support market growth. According to the American Society of Plastic Surgeons (ASPS), in 2020, botulinum toxin A and soft tissue fillers were among the top 5 minimally invasive procedures carried out in the U.S. Thus, facial injectable holds high growth prospects in the years to come.

Facial Injectable Market Segmentation

Grand View Research has segmented the global facial injectable market on the basis of product, application, and region:

Based on the Product Insights, the market is segmented into Collagen, Hyaluronic Acid (HA), Botulinum Toxin Type A, Calcium Hydroxylapatite (CaHA) and Polymer Fillers.

• The botulinum toxin type A segment dominated the market and accounted for the largest revenue share of 55.2% in 2021.
• The Hyaluronic Acid (HA) segment is projected to witness the fastest CAGR of 9.6% during the forecast period.

Based on the Application Insights, the market is segmented into Aesthetics and Therapeutics.

• The aesthetics segment dominated the market and accounted for the largest revenue share of 70.5% in 2021. This growth is owing to the increasing use of facial injectables for aesthetic procedures such as facial lines, wrinkles on the face, and lip lines, to name a few.
• The therapeutic segment is expected to register a double-digit CAGR over the forecast period. This is attributed to increasing applications of facial injectables in the treatment of blepharospasm, strabismus or crossed eyes, Meige's syndrome, Oromandibular Dystonia (OMD), Hemifacial Spasms (HFS), and focal hyperhidrosis.

Facial Injectable Regional Outlook

• North America
• Europe
• Asia-Pacific
• Latin America
• MEA

Key Companies Profile & Market Share Insights

The key players are focusing on growth strategies, such as enhancements in the existing technologies, geographical expansion, product launches, and product approvals.

Some prominent players in the Facial Injectable market include

• Ipsen
• Merz Pharma
• Suneva Medical, Inc.
• Medytox Inc.
• Sinclair Pharma
• Bloomage BioTechnology Corporation Limited
• Anika Therapeutics Inc.
• Prollenium Medical Technologies
• Galderma
• Allergan, Inc.

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U.S. Revenue Cycle Management Market Application Outlook, Impact of COVID-19 and Share Insights

U.S. Revenue Cycle Management Market Industry Overview

The U.S. revenue cycle management market size is expected to reach USD 308.2 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 10.3% from 2022 to 2030. Growing data siloes emerging from multiple healthcare functionalities and departments are driving the need to consolidate and streamline unorganized workflows to boost efficiency and productivity in healthcare organizations. Furthermore, the growing trend of digital health and widespread adoption of healthcare IT solutions are anticipated to accelerate market growth. The market growth in the U.S. can also be attributed to the increasing healthcare IT spending and the growing trend of outsourcing RCM systems and services.

Moreover, the RCM market is undergoing regular advancements with value-added features such as data analytics and integration of artificial intelligence and machine learning algorithms in the existing product offerings.

U.S. Revenue Cycle Management Market Segmentation

Grand View Research, Inc. has segmented the U.S. revenue cycle management market on the basis of end user, product type, component, delivery mode, physician specialty, sourcing, and function:

Based on the End-user Insights, the market is segmented into Hospitals and Physician & Clinical Services.

• The hospitals segment dominated the market in 2021 and accounted for a revenue share of over 55.0%.
• The physician and clinical services segment is anticipated to register the fastest growth rate over the forecast period owing to the growing number of physicians in the U.S. In physician offices and clinical services, revenue cycle management systems are used by nursing staff, office managers, and consultants to ensure the smooth functioning of the healthcare facility.

Based on the Product Type Insights, the market is segmented into Integrated System and Standalone System.

• The integrated solutions segment is anticipated to register the fastest growth rate over the forthcoming years.
• The integrated system segment dominated the market in 2021 and accounted for a revenue share of over 70.0% owing to the constant technological advancements and widespread adoption of integrated RCM solutions by healthcare organizations.

Based on the Component Insights, the market is segmented into Software Solution and Services.

• The services segment dominated the market in 2021 and accounted for a revenue share of over 65.0%.
• The software segment is expected to grow steadily owing to the growing demand for digitalization and streamlining of operational workflows to improve patient care.

Based on the Delivery Mode Insights, the market is segmented into On-premise, Web-based and Cloud-based.

• Web-based delivery mode dominated the market in 2021 and accounted for a revenue share of over 55.0%.
• The cloud-based segment is anticipated to register the fastest growth rate over the forthcoming years.

Based on the Physician Specialty Insights, the market is segmented into Oncology, Cardiology, Anesthesia, Radiology, Pathology, Pain Management, Emergency Service and Others.

• The others segment dominated the U.S. market in 2021 and accounted for a revenue share of over 70.0% owing to the growing insurance coverage policies for various applications, which directly impact the demand for revenue cycle management solutions in different healthcare specialties.
• The cardiology segment is anticipated to register the fastest growth rate over the forthcoming years.

Based on the Sourcing Insights, the market is segmented into In-house, External RCM Apps/ Software and Outsourced RCM Services.

• The in-house segment dominated the U.S. market in 2021 and accounted for a revenue share of over 70.0% owing to the multiple benefits associated with in-house sourcing such as maintaining complete control of entire coding operations, patient information confidentiality, and accessibility of in-house medical billers.
• The outsourced RCM services segment is anticipated to register the fastest growth rate over the forecast period.

Based on the Function Insights, the market is segmented into Product Development, Member Engagement, Network Management, Care Management, Claim Management and Risk and Compliances.

• The claims management segment dominated the U.S. market in 2021 and accounted for a revenue share of over 50.0% owing to the rapidly growing patient pool, increasing geriatric population, and the emergence of favorable government initiatives pertaining to medical insurance coverages.
• The care management segment is anticipated to register the fastest growth rate over the forecast period owing to the increasing demand for virtual health applications to handle healthcare emergencies.

Key Companies Profile & Market Share Insights

The key players in the U.S. market are focusing on devising numerous business strategies such as innovative product development, geographic expansions, technological collaboration, partnerships, and mergers & acquisitions.

Some prominent players in the U.S. Revenue Cycle Management Market include

• The SSI Group, Inc.
• AllScripts Healthcare, LLC
• eClinicalWorks
• McKesson Corporation
• athenahealth, Inc.
• Epic Systems Corporation
• NXGN Management, LLC
• Oncospark, Inc.

Order a free sample PDF of the U.S. Revenue Cycle Management Market Intelligence Study, published by Grand View Research.

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Biopharmaceutical CMO And CRO Market Application Outlook and Research Report

Biopharmaceutical CMO And CRO Market Industry Overview

The global biopharmaceutical CMO and CRO market size is expected to reach USD 54.1 billion by 2030, registering a CAGR of 6.6% over the forecast period, according to a new report by Grand View Research, Inc. Post-pandemic the market is being driven by the growing interest of conventional drug developers in the biological therapeutics. At present, outsourcing has become a cost-saving strategy for small- to medium-sized biomanufacturers, as it helps in eliminating the need for establishing costly specialized facilities or hiring and training personnel. The post-pandemic recovery has started owing to positive pipeline developments across modalities.

Biopharmaceutical CMO And CRO Market Segmentation

Grand View Research has segmented the global biopharmaceutical CMO & CRO market on the basis of source, service, product, and region:

Based on the Source Insights, the market is segmented into Mammalian and Non-mammalian.

• The mammalian segment held the highest market share of more than 55% in 2021 owing to the lack of internal expertise in the industry.
• The segment is greatly benefited from the introduction of novel and enhanced expression systems, improved process monitoring solutions, cell line engineering tools, automated screening methods, and disposable devices.
• These developments have led to more productive and efficient manufacturing of biologics using mammalian cells.

Based on the Service Insights, the market is segmented into Contract Manufacturing and Contract Research.

• The contract research segment is expected to exhibit the fastest CAGR of 7.5% over the forecast period owing to the increasing outsourcing of research activities by biopharmaceutical companies.
• A substantial number of CMOs and opportunistic CMOs present in the space are engaged in providing biopharma entities with plenty of services including end-to-end coverage from cell cultivation to fill/finish services.

Based on the Product Insights, the market is segmented into Biologics and Biosimilars.

• The biologics segment dominated the market with the largest revenue share of over 81% in 2021. This growth is attributed to the high specificity of biologics, complex manufacturing steps, and a higher success rate as compared to other drug molecules.
• Furthermore, several companies are investing in biosimilar development to outperform the safety, efficacy, disposition, or cost of earlier in-class innovator drugs.

Biopharmaceutical CMO And CRO Regional Outlook

• North America
• Europe
• Asia-Pacific
• Latin America
• MEA

Key Companies Profile & Market Share Insights

The market is fragmented in nature due to the presence of a substantial number of developed as well as medium- to small-sized CMOs and CROs. Several market participants are privately held or are a part of private equity firms’ portfolios.

Some prominent players in the Biopharmaceutical CMO And CRO Market include

• Boehringer Ingelheim GmbH
• Lonza Group AG
• Inno Biologics Sdn Bhd
• Rentschler Biopharma SE
• JRS Pharma
• Biomeva GmbH
• ProBioGen AG
• FUJIFILM Diosynth Biotechnologies U.S.A., Inc.
• Toyobo Co., Ltd.
• Samsung Biologics

Order a free sample PDF of the Biopharmaceutical CMO And CRO Market Intelligence Study, published by Grand View Research.

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C-RAN Market Business Drivers, Top Companies and Competitive Analysis, 2027

C-RAN Industry Overview

The global C-RAN market size is expected to reach USD 43.35 billion by 2027, expanding at a CAGR of 22.7% over the forecast period, according to a study conducted by Grand View Research, Inc. Rapid technological advancements in optical and wireless communication systems is expected to drive the growth. Furthermore, multiple benefits such as reduced energy consumption, simplification of network management and operation, the lower total cost of ownership, enhance the efficiency of the spectrum, pooling of resources, and reuse of infrastructure have led to the cloud radio access network market witnessing an increased demand.

C-RAN Market Segmentation

Grand View Research has segmented the global C-RAN market based on architecture, component, network, deployment, and region:

Based on the Architecture Type Insights, the market is segmented into Centralized-RAN and Virtualized/Cloud RAN.

• Virtualized/Cloud RAN segment is projected to exhibit a rapid CAGR over the forecast period, attributed to rise in the adoption of SDN and NFV technology by the wireless telecom industry.
• Asia Pacific maintains a leading position and is anticipated to register a CAGR of 29.1% over the forecast period.

Based on the Component Insights, the market is segmented into Infrastructure, Software and Services.

• Infrastructure accounted for the highest market share and was valued at USD 4.35 billion in 2019. The segment would attain a higher revenue share by 2027, owing to the rapid adoption of radio technology and architecture to meet the 5G requirements.
• The software segment accounted for the second largest market share in 2019 owing to the increasing demand for NFV solution for radio access network visualization to optimize the larger and smaller carrier function which is further anticipated to drive the growth in near future.
• However, the service segment is expected to maintain a steady position throughout the forecast period.

Based on the Network Type Insights, the market is segmented into 3G and LTE & 5G.

• The LTE and 5G services led the market and accounted for a revenue of USD 7.97 billion in 2019.
• Massive growth in data traffic and rigorous impacts of power consumption by current network architecture results in extra cost burdens to network operators.

Based on the Deployment Model Insights, the market is segmented into Indoor and Outdoor.

• The market size for outdoor deployment stood at USD 7.12 billion in 2019 and is anticipated to rise at a considerable CAGR over the forecast period.
• Indoor deployment is anticipated to witness high traction in near future and is anticipated to witness a swift CAGR of 29.1% from 2020 to 2027.

C-RAN Regional Outlook

• North America
• Europe
• Asia-Pacific
• Latin America
• MEA

Key Companies Profile & Market Share Insights

The companies highly focus on partnerships to offer their solutions and innovations to gain traction. Acquisitions and partnerships are undertaken by the company to enlarge its geographic presence in key markets.

Some prominent players in the C-RAN market include

• Altiostar
• ASOCS Ltd
• Cisco Systems, Inc.
• Telefonaktiebolaget LM Ericsson
• FUJITSU
• Huawei Technologies Co., Ltd
• NEC Corporation
• Samsung Electronics Co Ltd.
• Nokia Corporation
• ZTE Corporation

Order a free sample PDF of the C-RAN Market Intelligence Study, published by Grand View Research.

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Orthopedic Braces And Supports Market To Register Incremental Sales Opportunity By 2030

Orthopedic Braces And Supports Industry Overview

The global orthopedic braces and supports market size is anticipated to reach USD 7.01 billion by 2030, registering a CAGR of 6.5% during the forecast period, according to a new report by Grand View Research, Inc. The key factors driving the market growth include the rising prevalence of chronic diseases such as osteoarthritis and rheumatoid arthritis, the incidence of trauma & injury, and technological advancements. In December 2021, Nan yang Technological University, Singapore, and an engineering firm developed X-Brace - a knee brace that is 30.0% lighter than conventional knee braces. It is distributed by a subsidiary of Delsson- Wearable Kinetics.

Orthopedic Braces And Supports Market Segmentation

Grand View Research has segmented the global orthopedic braces and supports market reports based on the product, end-user, and region:

Based on the Product Insights, the market is segmented into Braces & Supports Type and Pain Management Products.

• The braces & supports type segment held the largest market share in 2021 owing to a rise in injuries and orthopedic disorders, such as arthritis.
• Braces & supports type segment is further segmented into the knee, ankle, back, upper extremity braces and supports, and walking boots.
• The rising prevalence of knee, ankle, and upper extremity-related disorders and injuries has led to a huge demand for these products.
• Knee braces and supports held the largest revenue share in 2021, owing to a rising number of the target population affected by knee joint-related ailments.
• In 2021, pain management products held a significant market share due to the growing prevalence of pain-related disorders and demand for the treatment of chronic back and joint pain.
• This segment is sub-divided into cold therapy and Deep Vein Thrombosis (DVT) products.

Based on the End-use Insights, the market is segmented into Orthopedic Clinics, Over the Counter (OTC), Hospitals, DME Dealers and Others.

• In 2021, orthopedic clinics held the largest market share of more than 28.0%. This is due to the orthopedic clinics being the primary point of care for patients suffering from musculoskeletal pain.
• Hospitals held a significant market share owing to a large number of patients seeking treatment at hospitals, especially in case of traumatic injuries. These may range from spinal injuries, bone fractures, and injuries suffered in road accidents.
• OTC-related orthopedic braces are projected to exhibit lucrative growth during the forecast period due to the easy availability of these products in retail pharmacies.

Orthopedic Braces And Supports Regional Outlook

• North America
• Europe
• Asia-Pacific
• Latin America
• MEA

Key Companies Profile & Market Share Insights

The orthopedic braces and support markets are competitive. Major market players are deploying strategic initiatives, such as the expansion of the distribution network, product development, partnerships, sales & marketing activities, and others.

Some prominent players in the Orthopedic Braces And Supports market include

• Össur
• BREG, Inc.
• DeRoyal Industries, Inc.
• Bauerfeind
• DJO Global, Inc.
• Otto bock
• Fillauer LLC
• Frank Stubbs Company Inc.
• McDavid
• Hely & Weber

Order a free sample PDF of the Orthopedic Braces And Supports Market Intelligence Study, published by Grand View Research.

Insulation Market: Rapid Urbanization & Industrialization Is Estimated To Boost The Industry Growth

Insulation Industry Overview

The global insulation market size is expected to reach USD 102.47 billion by 2030, as per a new report by Grand View Research Inc., registering a CAGR of 6.5% over the forecast period. Rapid urbanization & industrialization and rising population in developing countries are estimated to boost the market growth in the projected period. Government initiatives to promote energy efficiency and sustainable development through insulation technologies are estimated to fuel the product demand from the industrial end-use segment. Initiatives through the Weatherization Assistance Program (WAP) by the U.S. government through federal funding to encourage the use of thermal insulation in low-income households are likely to drive the market growth in the North America region.

Insulation Market Segmentation

Grand View Research has segmented the global insulation market on the basis of product, end use, and region:

Based on the Product Insights, the market is segmented into Glass Wool, Mineral Wool, EPS, XPS, CMS Fibers, Calcium Silicate, Aerogel, Cellulose, PIR, Phenolic Foam and Polyurethane.

• The EPS insulation product segment led the market and accounted for more than 27% share of the global revenue in 2021.
• Glass wool product segment is expected to grow at a steady CAGR over the forecast period.
• In 2021, extruded polystyrene foam insulation (XPS) segment held a significant share of the total market revenue.
• The aerogel segment is projected to register a considerable CAGR, in terms of value, over the forecast period.

Based on the End-use Insights, the market is segmented into Construction, Industrial, HVAC & OEM, Transportation, Appliances, Furniture and Packaging.

• The construction sector led the market in 2021 and accounted for the largest share of 34% of the overall revenue.
• The construction sector was followed by the transportation and residential construction sectors, which are estimated to grow at considerable CAGRs from 2022 to 2030.
• Heating, ventilation, and cooling systems are usually insulated by employing a solution, which offers superior thermal insulation characteristics, other than noise reduction and fire protection.
• Dehumidifiers, air purifiers, refrigerators, washing machines, and dishwashers are some other major appliances that require insulation.
• The transportation segment includes the automotive, marine, and aerospace sectors. The segment held a significant market share of the global market in 2021.

Insulation Regional Outlook

• North America
• Europe
• Asia-Pacific
• Central & South America
• MEA

Key Companies Profile & Market Share Insights

The industry is characterized by the presence of various small- and large-scale vendors, resulting in a moderate level of concentration in the market. Market players are concentrating on joint ventures, collaborations, agreements, and other strategies to advance their production facilities and gain a larger share in the market.

Some prominent players in the Insulation market include

• GAF Materials Corp.
• Huntsman International LLC
• Johns Manville
• Cellofoam North America, Inc.
• Rockwool International A/S
• DuPont
• Owens Corning
• Atlas Roofing Corp.
• Saint-Gobain S.A.
• Kingspan Group
• BASF
• Knauf Insulation
• Armacell International Holding GmbH
• URSA
• Covestro AG
• Recticel NV/SA
• Carlisle Companies, Inc.
• Bridgestone Corp.
• Fletcher Building
• 3M

Order a free sample PDF of the Insulation Market Intelligence Study, published by Grand View Research.

How The Engineering Services Outsourcing Market Will Grow In The Coming years?

Engineering Services Outsourcing Industry Overview

The global engineering services outsourcing market size is anticipated to gain USD 9,398.95 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to record a CAGR of 24.6% from 2022 to 2030. The increasing demand for Information Technology (IT) services by various industries, such as automotive, manufacturing, retail & e-commerce, media & entertainment, and others, is exponentially driving the market growth.

The growing need for outsourcing services by companies to cut costs and optimally utilize the saved costs is expected to drive the market over the forecast period. The market has constantly been evolving in line with advancements in fields like the internet of things (IoT), connected computing, artificial intelligence (AI), and the sensing element, among other technologies. The intensifying competition to provide cutting-edge resolutions is driving service providers to finance aggressively in research & development.

Engineering Services Outsourcing Market Segmentation

Grand View Research has segmented the automotive engineering services outsourcing market based on services, location, application, and region:

Based on the Services Insights, the market is segmented into Designing, Prototyping, System Integration, Testing and Others.

• The testing part is anticipated to have the highest income share of around 31.0% in 2021.
• The designing part is anticipated to witness the fastest growth accounting for a CAGR of around 27.0% over the forecast period.

Based on the Location Insights, the market is segmented into Onshore and Offshore.

• The on-shore part accounted for the highest revenue share of around 57.0% in 2021 and is predicted to dominate the market from 2022 to 2030.
• The off-shore part is predicted to witness slow growth corresponded to the on-shore part due to the international inflation rates, high mix rates, training costs, and increasing preference for outsourcing to on-shore partners.

Based on the Application Insights, the market is segmented into Aerospace, Automotive, Industrial, Consumer Electronics, Semiconductors, Healthcare, Telecom and Others.

• The industrial part is registered with the highest revenue share, around 60.0% of the prevailing market in 2021, and is predicted to continue to dominate the market over the next eight years.
• The healthcare segment is expected to record significant growth with a CAGR of around 21.0% from 2022 to 2030. The growth can be propelled through aggressive investments in cutting-edge medical equipment, laboratories, and medications.

Engineering Services Outsourcing Regional Outlook

• North America
• Europe
• Asia-Pacific
• South America
• MEA

Key Companies Profile & Market Share Insights

Major industry performers have been developing solutions to help manufacturers implement cutting-edge technologies in their engineering projects.

Some prominent players in the Engineering Services Outsourcing market include

• AKKA
• Alten Group
• Capgemini Engineering
• Entelect
• HCL Technologies Limited
• Infosys Limited
• Tata Elxsi
• Tata Consultancy Services Limited.
• Tech Mahindra Limited
• Wipro Limited

Order a free sample PDF of the Engineering Services Outsourcing Market Intelligence Study, published by Grand View Research.

Who Are The Prominent Players In The Automated Guided Vehicle Market?

Automated Guided Vehicle Industry Overview

The global automated guided vehicle market size is expected to reach USD 9.38 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to reach a CAGR of 10.2% from 2022 to 2030. Automated guided vehicles (AGVs) have transformed the way materials can be moved within the manufacturing and distribution facilities. In a production environment where several operations are carried out simultaneously, these vehicles ensure a predictable and reliable transfer of raw materials as well as manufactured products from one point to another point within the facility, thereby eliminating any potential disruption in production. These vehicles can operate safely around structures, machinery, and employees, as they are equipped with accessories, such as camera vision and LiDAR sensors, among others, which help in detecting junctions, identifying floor signs, and avoiding collisions with any obstacle.

Automated Guided Vehicle Market Segmentation

Grand View Research has segmented the global automated guided vehicle market based on vehicle type, navigation technology, application, end use industry, component, battery type, and region: 

Based on the Type Insights, the market is segmented into Tow Vehicle, Unit Load Carrier, Pallet Truck, Forklift Truck, Hybrid Vehicles and Others.

• The tow vehicle segment dominated the market in 2021 and accounted for a revenue share of over 40%.
• The unit load carrier segment is expected to rise at the fastest CAGR of 12.4% over the forecast period.

Based on the Navigation Technology Insights, the market is segmented into Laser Guidance, Magnetic Guidance, Vision Guidance, Inductive Guidance, Natural Navigation and Others.

• The laser guidance segment dominated the market in 2021 and accounted for a revenue share of over 35%.
• The natural navigation segment is expected to expand at the fastest CAGR of 17.4% over the forecast period.
• The vision guidance segment is expected to witness healthy growth over the forecast period.

Based on the Application Insights, the market is segmented into Logistics and Warehousing, Assembly, Packaging, Trailer Loading and Unloading, Raw Material Handling and Others.

• The logistics and warehousing segment dominated the market in 2021 and accounted for a revenue share of over 40%.
• The assembly segment is expected to witness the fastest CAGR of 13.1% over the forecast period.

Based on the End-Use Industry Insights, the market is segmented into Manufacturing Sector and Wholesale and Distribution Sector.

• The manufacturing segment dominated the market in 2021 and accounted for a revenue share of over 75%. The manufacturing industry is further sub-segmented into aerospace & defense, automotive, electronics, pharmaceuticals, chemicals, plastics, FMCG, tissue, and others.
• Wholesale and distribution sector segment is expected to witness the fastest CAGR of 12.2% over the forecast period. Also, the wholesale & distribution sector is further sub-segmented into e-commerce, grocery stores, retail chains/conveyance stores, and hotels & restaurants.

Based on the Component Insights, the market is segmented into Hardware, Software and Service.

• The hardware segment dominated the market in 2021 and accounted for a revenue share of over 70%.
• The service segment is expected to witness the fastest CAGR of 11.7% over the forecast period.

Based on the Battery Type Insights, the market is segmented into Lead Battery, Lithium-Ion Battery, Nickel-based Battery and Others.

• The lead battery segment dominated the market in 2021 and accounted for a revenue share of over 60%.
• The lithium-ion battery segment is expected to witness the fastest CAGR of 15.8% over the forecast period.
• The AGVs market is witnessing a progressive switch from lead-acid batteries to lithium-ion batteries. As compared to the lead-acid battery, lithium-ion batteries have higher costs.

Automated Guided Vehicle Regional Outlook

• North America
• Europe
• Asia-Pacific
• South America
• MEA

Key Companies Profile & Market Share Insights

Increasing collaborations and mergers & acquisitions are expected to maximize the environmental and economic benefits for the market players by enabling them to share ideas and enhance their internal skills and technologies.

Some prominent players in the Automated Guided Vehicle market include

• Swisslog Holding AG
• Egemin Automation Inc.
• Bastian Solutions, Inc.
• Daifuku Co., Ltd.
• Dematic
• JBT
• Seegrid Corporation
• TOYOTA INDUSTRIES CORPORATION
• Hyster-Yale Materials Handling, Inc.
• BALYO
• E&K Automation GmbH
• Kollmorgen
• KMH Fleet Solutions
• ELETTRIC80 S.P.A.
• Fetch Robotics, Inc.
• inVia Robotics, Inc.
• Locus Robotics
• Schaefer Systems International, Inc.
• System Logistics Spa
• Transbotics (A division of Scott Systems International Incorporated)

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