Digital Signage Market 2030: Expanding Applications in Retail for Enhanced Customer Engagement

The global digital signage market size was estimated at USD 28.83 billion in 2024 and is projected to reach USD 45.94 billion by 2030, growing at a CAGR of 8.1% from 2025 to 2030. This growth is primarily driven by the increasing demand for digitized promotion and advertising solutions that help businesses effectively engage target audiences and enhance brand visibility.

The rising adoption of 4K digital signage displays equipped with embedded software and media players offers consumers cost-effective Ultra HD solutions, further fueling market expansion. Additionally, the emergence of innovative products such as home monitoring systems and leak detectors, along with the need for concise advertising for complex financial products like forex cards, is stimulating product demand.

Moreover, the increasing preference for advanced, remotely managed digital information systems is accelerating industry growth. Digital signage provides impactful visual communication through motion graphics and high-resolution imagery, outperforming traditional advertising methods. The integration of biometric technologies, including heat path and gaze tracking, is further enhancing product intelligence and personalization.

Key Market Trends & Insights

• North America dominated the market, accounting for over 34.0% share in 2024.
• The U.S. digital signage market is projected to witness steady growth during the forecast period.
• By Type: The video walls segment led the market with a 25.0%+ revenue share in 2024.
• By Resolution: The 4K segment dominated with over 40.0% share in 2024.
• By Location: The in-store segment accounted for more than 70.0% share in 2024.

Download a free sample PDF of the Digital Signage Market Intelligence Study by Grand View Research.

Market Size & Forecast

• 2024 Market Size: USD 28.83 Billion
• 2030 Projected Market Size: USD 45.94 Billion
• CAGR (2025–2030): 8.1%
• Largest Market (2024): North America
• Fastest Growing Market: Asia Pacific

Competitive Landscape

The global digital signage market is highly competitive, characterized by the presence of multinational corporations and emerging technology providers focusing on innovation, connectivity, and display quality.

Leading Players:

• LG Electronics Inc.
  LG operates across five business divisions, including Home Appliances & Air Solutions and Home Entertainment. Its commercial display division offers a wide range of products such as OLED displays, digital signage, video walls, outdoor displays, and IT products.
• Samsung Electronics Co., Ltd.
  A global leader in consumer electronics and IT solutions, Samsung provides comprehensive digital signage and video wall solutions serving diverse industries such as healthcare, transportation, retail, and hospitality.

Emerging Players:

• BrightSign, LLC – Specializes in digital signage media players, interactive controllers, and software for commercial applications.
• Omnivex Corporation – Offers software solutions like Omnivex Moxie, enabling organizations to deliver targeted visual messaging across sectors such as finance, education, healthcare, and retail.

Other Key Companies:

• Cisco Systems, Inc.
• Daktronics Dr.
• Intel Corporation
• KeyWest Technology, Inc.
• Microsoft Corporation
• Panasonic Corporation

Explore Horizon Databook – the world’s most comprehensive market intelligence platform by Grand View Research.

Conclusion

The global digital signage market is poised for substantial growth, driven by advancements in display technology, smart connectivity, and data-driven content delivery. As businesses increasingly adopt dynamic, interactive, and high-resolution visual communication solutions, the industry is expected to see continued innovation and expansion. Emerging technologies such as AI-based audience analytics, biometric tracking, and cloud-managed displays will further redefine customer engagement and elevate the future of digital advertising.

Dehumidifier Market 2030: Expanding Applications in Residential Spaces for Healthier Living

The global dehumidifier market size was estimated at USD 3.39 billion in 2024 and is projected to reach USD 5.12 billion by 2030, growing at a CAGR of 7.3% from 2025 to 2030.

The market growth is primarily driven by the expansion of the construction and real estate sectors, where new buildings increasingly require efficient humidity management systems to maintain optimal indoor air quality. Technological advancements, including the development of energy-efficient and smart dehumidifier models, further attract consumers seeking modern, sustainable solutions.

Rising humidity levels due to climate change and rapid urbanization are creating higher demand for effective moisture control systems. Moreover, growing awareness of the health risks associated with excess humidity—such as mold formation and respiratory issues—is encouraging residential and commercial users to invest in dehumidifiers.

The growing industrial demand from sectors such as pharmaceuticals, food & beverage, and electronics, which require precise humidity control for production and storage, is also contributing significantly to market expansion. In addition, regulatory frameworks emphasizing indoor air quality and environmental sustainability are accelerating product adoption across various applications.

However, the high initial cost of advanced dehumidifiers may limit adoption in price-sensitive markets. Additionally, energy consumption concerns associated with certain models could restrain demand, prompting manufacturers to focus on low-power, eco-friendly technologies.

On the positive side, urbanization and infrastructure development in emerging economies present substantial opportunities for market growth. The integration of smart technologies, enabling remote monitoring and automated control, is expected to further enhance consumer appeal.

Key Market Trends & Insights

• Regional Insights: North America accounted for a significant 36.3% revenue share in 2024.
• By Product: The fixed dehumidifier segment held 57.0% of the market share in 2024.
• By Application: The industrial segment dominated with a 45.6% share of global revenue in 2024.
• By Technology: The refrigerative dehumidifiers segment represented 30.1% of global revenue in 2024.

Download a free sample PDF of the Dehumidifier Market Intelligence Study by Grand View Research.

Market Size & Forecast

• 2024 Market Size: USD 3.39 Billion
• 2030 Projected Market Size: USD 5.12 Billion
• CAGR (2025–2030): 7.3%
• Largest Market (2024): North America

Competitive Landscape

The dehumidifier market is moderately consolidated, with key players focusing on technological innovation, energy efficiency, and expanding distribution networks to strengthen market presence.

Key players include:

• Ingersoll Rand
• SLB
• LG Electronics Inc.
• Honeywell International Inc.
• GE Appliances (a Haier Company)
• De’Longhi Appliances S.r.l.
• Bry-Air Inc.
• Danby Products Ltd
• Whirlpool Corporation
• Munters Group
• STULZ Air Technology Systems, Inc.
• CondAir Group

Company Highlights:

• LG Electronics Inc. operates through four key business segments—Mobile Communications, Home Entertainment, Home Appliance & Air Solutions, and Vehicle Components. The Home Appliance & Air Solutions division manufactures residential and commercial air conditioners, dehumidifiers, refrigerators, and washing machines.
• Honeywell International Inc. offers dehumidifier solutions under its Honeywell Building Technologies segment, distributing products through wholesalers, retailers, and major e-commerce channels.

Explore Horizon Databook – the world’s most comprehensive market intelligence platform by Grand View Research.

Conclusion

The global dehumidifier market is poised for robust growth, supported by increasing demand for energy-efficient, smart, and sustainable air quality solutions. Expanding construction activity, industrial applications, and consumer awareness of health and comfort benefits will continue to drive adoption. Future opportunities lie in developing cost-effective, low-energy, and connected dehumidifiers, catering to both residential and industrial markets in rapidly urbanizing regions.

Data Center Construction Market 2030: Technological Innovations Reshaping Infrastructure Design

The global data center construction market was valued at USD 240.97 billion in 2024 and is projected to reach USD 456.50 billion by 2030, expanding at a CAGR of 11.8% from 2025 to 2030. Market growth is primarily driven by the rising demand for digital infrastructure across industries. The rapid adoption of cloud computing, the proliferation of big data, and the increasing use of artificial intelligence (AI) and Internet of Things (IoT) devices are key factors fueling this expansion.

Enterprises are increasingly relying on cloud service providers (CSPs) and colocation facilities to manage growing data volumes, which has led to the construction of new, high-capacity data centers. Simultaneously, the rise of edge computing is encouraging the development of smaller, localized data centers designed to reduce latency and enable real-time data processing.

Major hyperscale operators, including Amazon Web Services (AWS), Microsoft Azure, and Google Cloud, are heavily investing in expanding their global presence to meet surging demand for cloud storage and computing capacity.

Sustainability and energy efficiency are becoming central priorities in modern data center construction. Operators are focusing on building green data centers with energy-efficient cooling systems, renewable energy integration, and advanced architectural designs to minimize carbon footprints. The adoption of modular construction methods is also gaining momentum, offering greater scalability and faster deployment. Additionally, the growing need for redundancy and disaster recovery capabilities has fueled the construction of Tier III and Tier IV data centers, ensuring higher uptime and business continuity.

Moreover, the increasing focus on data privacy regulations and data sovereignty is driving the establishment of regional data centers. Many countries now require localized data storage, which has led to a surge in data center construction projects, particularly in emerging markets. As organizations accelerate digital transformation and adopt hybrid cloud models, the demand for scalable, efficient, and resilient data center infrastructure is expected to continue rising.

Key Market Trends & Insights

• North America accounted for over 41.0% of the market share in 2024.
• The U.S. market is projected to grow at a CAGR of 10.2% from 2025 to 2030.
• By infrastructure, the IT infrastructure segment held the largest share of over 81% in 2024.
• By tier type, Tier III facilities dominated with a 58.0% revenue share in 2024.
• By vertical, the IT & telecom segment led the market with a 41.0% share in 2024.

Download a free sample PDF of the Data Center Construction Market Intelligence Study by Grand View Research.

Market Size & Forecast

• 2024 Market Size: USD 240.97 billion
• 2030 Projected Market Size: USD 456.50 billion
• CAGR (2025–2030): 11.8%
• Largest Market (2024): North America
• Fastest Growing Market: Asia Pacific

Competitive Landscape

Leading players in the data center construction industry include Acer Inc., Cisco Systems, Inc., Dell Inc., IPXON Networks, KIO, and HostDime Global Corp.
These companies are pursuing strategies such as product innovation, partnerships, and collaborative agreements to strengthen their market positions and expand global reach.

Key Companies Profiled

• ABB
• Acer Inc.
• Ascenty
• Cisco Systems, Inc.
• Dell Inc.
• Equinix, Inc.
• Fujitsu
• Gensler
• Hewlett Packard Enterprise Development LP
• Hitachi, Ltd.

Explore Horizon Databook – the world’s most comprehensive market intelligence platform by Grand View Research.

Conclusion

The data center construction market is poised for substantial growth over the coming years, supported by increasing data generation, cloud adoption, and digital transformation initiatives. As sustainability, energy efficiency, and modularization continue to redefine design priorities, industry players are set to witness vast opportunities in both developed and emerging markets.

 

Circulating Tumor Cells Market 2030: AI-Powered Tools Redefining Cancer Diagnostics

The global circulating tumor cells market size was estimated at USD 12.61 billion in 2024 and is projected to reach USD 24.96 billion by 2030, expanding at a CAGR of 12.2% from 2025 to 2030. CTCs are increasingly recognized as a promising tool in cancer diagnosis due to their noninvasive nature and diagnostic advantages. Additionally, technological advancements in chip-based technologies are further accelerating market growth.

The rising global incidence of cancer remains a major growth driver. According to the Pan American Health Organization, around 20 million new cancer cases and 10 million cancer-related deaths were reported in 2023. The global cancer burden is projected to surge by approximately 60% over the next two decades, reaching nearly 30 million new cases by 2040. Notably, CTCs play a critical role in breast cancer diagnosis, as they are released into the bloodstream from cancerous tumors.

Over recent decades, extensive translational and clinical research has been conducted in the field of circulating tumor cells. Ongoing efforts by organizations such as the American Association for Cancer Research (AACR) and the American Society of Clinical Oncology (ASCO) to explore CTCs as surrogate markers for tracking cancer progression are expected to further support market growth.

Moreover, the growing adoption of biomarker-based tests is enabling minimally invasive tumor screening before patients undergo complex procedures like radiotherapy, chemotherapy, or surgery. As a result, the increasing preference for noninvasive diagnostic methods is expected to significantly boost demand for CTC technologies over the forecast period.

Key Market Trends & Insights

• North America captured the largest market share of 40.91% in 2024.
• By technology, the CTC detection and enrichment methods segment held the largest revenue share of 40.92% in 2024.
• By application, the clinical segment dominated the market in 2024.
• By product, the kits & reagents segment accounted for the largest revenue share of 45.34% in 2024.
• By specimen, the blood segment captured 48.13% of the market share in 2024.
• By end-use, hospitals and clinics dominated with 37.64% market share in 2024.

Download a free sample PDF of the Circulating Tumor Cells Market Intelligence Study by Grand View Research.

Market Size & Forecast

• 2024 Market Size: USD 12.61 Billion
• 2030 Projected Market Size: USD 24.96 Billion
• CAGR (2025–2030): 12.2%
• Largest Market (2024): North America

Competitive Landscape

Leading players in the circulating tumor cells market are focusing on strategic partnerships, acquisitions, and geographic expansion to strengthen their presence. For instance, Bio-Techne Corporation has acquired several smaller firms with advanced technologies to enhance its global market reach.

Key Companies Profiled

• QIAGEN
• Bio-Techne Corporation
• Precision Medicine Group, LLC
• Bio-Rad Laboratories, Inc.
• Natera, Inc.
• Illumina, Inc.
• Cell Microsystems
• Greiner Bio-One International GmbH
• Ikonisys Inc.

Explore Horizon Databook – the world’s most comprehensive market intelligence platform by Grand View Research.

Conclusion

The circulating tumor cells (CTC) market is poised for substantial growth, driven by the rising global cancer burden, increasing demand for noninvasive diagnostic techniques, and continuous advancements in detection technologies. Growing research efforts by global oncology organizations and the expanding adoption of biomarker-based tests are further strengthening market prospects. As healthcare systems shift toward personalized and precision medicine, CTC technologies are expected to play a crucial role in improving early cancer detection, monitoring treatment efficacy, and enhancing patient outcomes worldwide.

 

Car Wash Service Market 2030 Demand Boosted by Technological Innovations and AI Adoption

The global car wash service market size was valued at USD 34.31 billion in 2024 and is projected to reach USD 49.06 billion by 2030, growing at a CAGR of 6.2% from 2025 to 2030. The market growth is largely fueled by increasing consumer preference for convenience and time-saving solutions, rising vehicle ownership, rapid urbanization, and the growing adoption of eco-friendly and subscription-based car wash models.

In addition, technological innovations such as touchless cleaning systems and advanced water recycling technologies are improving service quality and operational efficiency. According to the International Energy Agency (IEA), the global passenger car fleet exceeded 1.45 billion units in 2023, with Asia Pacific representing a major portion of new vehicle registrations. This expansion has created significant opportunities for automotive aftercare services, particularly in urban areas where space limitations, environmental regulations, and time constraints discourage home-based car washing.

Moreover, increasing consumer inclination toward professional car cleaning services continues to drive demand growth. In mature markets like North America and Western Europe, consumers are increasingly shifting from manual washing to automated, express, and membership-based models. In the U.S., the penetration of conveyor and in-bay automatic car washes has grown rapidly, with the International Carwash Association (ICA) reporting that over 77% of U.S. drivers now prefer professional car washes over at-home washing, up from 48% in the early 2000s.

The rise of subscription-based and membership-driven business models has transformed customer retention and revenue stability. Leading players such as Mister Car Wash and Zips Car Wash have expanded rapidly across the U.S. through unlimited wash memberships that offer convenience, affordability, and loyalty rewards. Mister Car Wash, which operates over 450 locations, revealed in its 2023 annual report that more than 70% of its revenue was derived from recurring membership programs—demonstrating the financial resilience and customer loyalty associated with this model.

Key Market Trends & Insights

• North America car wash service industry accounted for a revenue share of 50.2% in the global market in 2024.
• The U.S. car wash service industry is expected to grow at a CAGR of 6.0% from 2025 to 2030.
• Based on mode of payment, the cashless payment segment held the largest revenue share of 71.1% in 2024.
• Based on type, the roll-over/In-Bay segment accounted for the highest share at 55.3% in 2024.
• Based on location, the gas/fuel station segment represented the largest share of 60.2% in 2024.

Download a free sample PDF of the Car Wash Service Market Intelligence Study by Grand View Research.

Market Size & Forecast

• 2024 Market Size: USD 34.31 Billion
• 2030 Projected Market Size: USD 49.06 Billion
• CAGR (2025–2030): 6.2%
• North America: Largest market in 2024

Competitive Landscape

The car wash service market remains highly fragmented, featuring a mix of established international brands and strong regional operators. Prominent companies in the industry include Mister Car Wash, Quick Quack Car Wash, Zips Carwash, Autobell Car Wash, Hoffman Car Wash, among others.

• Zips Car Wash offers a variety of wash services featuring products such as Liquid Gaze, Mr. Zippy’s Hot Wax, Bug Prep, Rain Repellent, Triple Conditioner, Tire Shine, and Clear Coat Sealant. The company emphasizes fast, affordable, and eco-friendly express wash solutions through automated tunnels.
• Mister Car Wash focuses on express exterior wash services designed to deliver a quick, convenient, and premium “Mister Experience.” Beyond exterior cleaning, the company also provides interior detailing and additional treatments such as tire shine and underbody wash.

Key Companies Profiled

• Mister Car Wash
• Autobell Car Wash
• Zips Carwash
• Quick Quack Car Wash
• Hoffman Car Wash
• IMO Car Wash
• Super Star Car Wash
• Splash Car Wash
• Wash Depot Holdings Inc.
• True Blue Car Wash, LLC

Explore Horizon Databook – the world’s most comprehensive market intelligence platform by Grand View Research.

Conclusion

The car wash service market is witnessing steady growth driven by rising vehicle ownership, urbanization, and the demand for convenient, time-efficient solutions. Technological advancements and eco-friendly practices are transforming service operations. Subscription-based and membership models are enhancing customer loyalty and recurring revenues. North America remains a key market with strong adoption of automated car wash systems. Overall, the industry is evolving toward smarter, sustainable, and customer-centric service models.

Building Thermal Insulation Market Growth Boosted by Green Construction

The global building thermal insulation market was valued at USD 26.9 billion in 2024 and is projected to reach USD 37.8 billion by 2030, growing at a CAGR of 5.9% from 2025 to 2030. The market growth is primarily driven by increasing residential and commercial applications aimed at reducing overall energy costs and the rising awareness of energy conservation.

Favorable government regulations targeting energy efficiency continue to support market expansion. Building insulation minimizes reliance on heating, ventilation, and air conditioning (HVAC) systems, significantly lowering overall energy consumption.

Growing concerns about the environmental impact of insulation materials are encouraging manufacturers to develop eco-friendly and recyclable alternatives. The rising prices of plastic foam insulation materials are further prompting the shift toward green, biodegradable, and recyclable products, strengthening the threat of substitutes in the market.

Key Market Trends & Insights

• The building thermal insulation market in Europe accounted for the largest revenue share of 34.9% in 2024.
• By product, glass wool insulation segment dominated the market with a revenue share of 37.1% in 2024.
• By end-use, residential segment accounted for the highest revenue share of 53.2% in 2024.
• By application, wall segment led the market in 2024.

Download a free sample PDF of the Building Thermal Insulation Market Intelligence Study by Grand View Research.

Market Size & Forecast

• 2024 Market Size: USD 26.9 Billion
• 2030 Projected Market Size: USD 37.8 Billion
• CAGR (2025–2030): 5.9%
• Leading Region (2024): Europe

Competitive Landscape

Key players shaping the global building thermal insulation market include BASF SE, Saint-Gobain S.A., Dow, and Owens Corning.

• Saint-Gobain S.A. designs, manufactures, and distributes high-performance and sustainable building materials, providing solutions for energy efficiency and environmental protection.
• Dow operates across multiple sectors, including building, construction, and infrastructure, with 103 manufacturing sites in 31 countries worldwide.

Emerging participants such as Fletcher Building, American Rockwool Manufacturing LLC, GAF Materials Corporation, and Byucksan are gaining traction through innovation and regional expansion.

• Rockwool Manufacturing LLC produces mineral wool boards and cement for insulation applications across residential and industrial sectors.
• Byucksan offers a diverse portfolio of building products, including ceiling, insulation, exterior, and interior systems.

Key Companies Profiled

• Rockwool International A/S
• GAF Materials Corporation
• Huntsman International LLC
• Johns Manville Corporation
• Cellofoam North America, Inc.
• Atlas Roofing Corporation
• Dow
• Owens Corning
• Saint-Gobain S.A.

Explore Horizon Databook – the world’s most comprehensive market intelligence platform by Grand View Research.

Conclusion

The building thermal insulation market is witnessing steady growth driven by stringent energy efficiency standards, sustainable construction practices, and the rising adoption of green insulation materials. Increasing focus on eco-friendly and recyclable solutions will continue to shape innovation and competition in the coming years.

Automated Test Equipment Market Expands with Rising IoT Device Demand

The global automated test equipment market size was estimated at USD 7,749.8 million in 2024 and is projected to reach USD 10,192.4 million by 2030, growing at a CAGR of 4.8% from 2025 to 2030. Market growth is primarily driven by the rising complexity and volume of semiconductors used across diverse sectors such as consumer electronics, automotive, telecommunications, and industrial automation.

As electronic devices continue to become smaller and more functionally integrated, the need for faster, more precise, and cost-effective testing solutions has intensified. Manufacturers are increasingly adopting ATE to improve testing throughput, ensure product reliability, and reduce time-to-market. Moreover, the surging demand for high-performance chips in AI, 5G, and IoT applications is further accelerating the deployment of automated testing systems in semiconductor fabrication and assembly processes.

The electrification and digitization of the automotive industry represent a major trend shaping the global ATE market. The expansion of electric vehicles (EVs), autonomous driving technologies, and software-defined vehicles has created growing demand for testing sophisticated electronic control units (ECUs), battery management systems, and sensor networks. Consequently, automated testing has become critical to ensuring performance, safety, and compliance with stringent automotive standards. This has encouraged automotive OEMs and Tier 1 suppliers to invest in scalable and modular ATE solutions that can adapt to the evolving complexities of modern vehicle electronics.

Key Market Trends & Insights

• Asia Pacific dominated the automated test equipment market, accounting for the largest revenue share of 52.32% in 2024.
• By product, the Non-Memory ATE segment led the market with the largest revenue share of 60.77% in 2024.
• By vertical, the power generation segment accounted for the largest revenue share in 2024.
• By type, the logic testing automated test equipment segment held the largest revenue share in 2024.

Download a free sample PDF of the Automated Test Equipment Market Intelligence Study by Grand View Research.

Market Size & Forecast

• 2024 Market Size: USD 7,749.8 Million
• 2030 Projected Market Size: USD 10,192.4 Million
• CAGR (2025–2030): 4.8%
• Asia Pacific: Largest market in 2024

Competitive Landscape

The global ATE market is characterized by strong competition among established players and emerging innovators. Leading companies are investing heavily in R&D, focusing on test accuracy, cost reduction, and automation to cater to the evolving needs of the semiconductor and electronics industries.

Key Players and Strategic Highlights

• Aemulus Corporation offers modular and flexible test systems for analog and mixed-signal semiconductor devices. Its platforms are widely used in consumer electronics, automotive IC testing, and power management applications. The company emphasizes low-cost, high-efficiency solutions suitable for both volume production and R&D, and collaborates with fabless semiconductor companies and foundries across Southeast Asia.
• Chroma ATE Inc. provides advanced test systems for power electronics, EV components, and LED drivers. Its automated solutions are integrated with software automation and real-time data analytics, enabling precise testing of high-voltage and high-efficiency devices, especially in EV and renewable energy markets.
• VIAVI Solutions Inc. delivers smart testing technologies for wireless communications, optical components, and network infrastructure. The company plays a key role in 5G deployment by validating RF and optical interfaces, and supporting protocol and performance testing for telecom operators, data centers, and semiconductor firms.
• ADVANTEST CORPORATION manufactures semiconductor test systems covering memory, logic, SoC, and RF chips. Its T2000 and V93000 series are extensively adopted by major IDMs and foundries, optimized for AI, mobile, and automotive semiconductors. The company also offers automation solutions such as handlers and device interfaces for mass production environments.

Emerging participants like STAr Technologies Inc., Danaher, and TESEC Corporation are further contributing to market competitiveness.

• STAr Technologies Inc. provides SoC, memory, and logic semiconductor test systems, including wafer-level and burn-in solutions. The company has strengthened its footprint across Asia-Pacific through strategic partnerships and localized engineering support.
• Danaher, through subsidiaries such as Tektronix and Keithley Instruments, offers high-precision instruments like signal analyzers, parametric testers, and source measurement units used in R&D and validation across consumer electronics, automotive, and aerospace sectors.
• TESEC Corporation specializes in high-power ATE systems for power semiconductor devices including MOSFETs, IGBTs, and SiC/GaN-based devices. Its systems are tailored for EVs, industrial automation, and energy storage, supporting performance testing under demanding conditions.

Key Companies Profiled

• Aemulus Corporation
• Chroma ATE Inc.
• VIAVI Solutions Inc.
• Astronics Corporation
• ADVANTEST CORPORATION
• Cohu, Inc.
• Teradyne Inc.
• STAr Technologies Inc.

Explore Horizon Databook – the world’s most comprehensive market intelligence platform by Grand View Research.

Conclusion

The global automated test equipment market is witnessing steady growth driven by the ongoing evolution of semiconductor technologies and the increasing integration of electronics in every industrial segment. Rising demand for advanced chips in AI, 5G, IoT, and EV applications continues to position ATE as a critical enabler of performance, precision, and efficiency across next-generation electronic systems.

Aerospace Plastics Market Trends Reshaping Modern Aircraft Design

The global aerospace plastics market size was estimated at USD 8.15 billion in 2024 and is expected to reach USD 13.88 billion by 2030, growing at a CAGR of 9.6% from 2025 to 2030. The rising utilization of plastics across various aerospace applications—such as cabin interiors, structural components, electrical electronics & control panels, windows, windshields, and canopies—is projected to fuel market growth over the coming years.

Reducing the overall aircraft weight has a direct impact on operational efficiency and performance. Notably, even a 1-kilogram (kg) reduction in weight can offset the lifetime fuel-related operating costs of a commercial aircraft. Owing to their lightweight and durable nature, plastics are increasingly being adopted as alternatives to aluminum and steel components, thereby boosting their share in the total aircraft structure.

According to the International Trade Administration, U.S. Department of Commerce, the United States remains a leading player in the global aerospace industry. The country is home to major aircraft manufacturers such as Boeing, Lockheed Martin Corporation, Gulfstream Aerospace Corporation, and Airbus Helicopters, Inc., which contribute significantly to industry growth. Moreover, initiatives like the Continuous Lower Energy, Emissions and Noise (CLEEN) Program, launched in 2010, empower the Federal Aviation Administration (FAA) to reduce aviation noise and emissions while improving fuel efficiency by 20%. Such sustainability-driven efforts are fostering demand for advanced substitute materials like plastics, substantially supporting the growth of the U.S. aerospace plastics market.

Key Market Trends & Insights

• North America led the market, accounting for 56.90% of total revenue in 2024.
• By product, the polyetheretherketone (PEEK) segment held the largest share with 61.62% of revenue in 2024.
• By process, injection molding dominated with a 36.95% revenue share in 2024.
• By application, structural components accounted for 29.70% of revenue in 2024.
• By end-use, the commercial & freighter aircraft segment led the market with a 72.56% share in 2024.

Download a free sample PDF of the Aerospace Plastics Market Intelligence Study by Grand View Research.

Market Size & Forecast

• 2024 Market Size: USD 8.15 Billion
• 2030 Projected Market Size: USD 13.88 Billion
• CAGR (2025–2030): 9.6%
• North America: Largest market in 2024

Competitive Landscape

The aerospace plastics market is highly competitive, with numerous prominent players shaping industry trends. Companies are investing significantly in research and development (R&D) to enhance performance, cost efficiency, and sustainability. This competition continues to drive innovation and market expansion.

Recent Developments

• August 2024: Pexco acquired Precise Aerospace Manufacturing to strengthen its aerospace capabilities. The acquisition expands Pexco’s product range and improves its customer service offerings, leveraging Precise Aerospace’s technical expertise to enhance market positioning.
• August 2024: Trelleborg Group acquired Magee Plastics, a U.S.-based manufacturer specializing in high-performance thermoplastics and composites for aerospace. The acquisition bolsters Trelleborg’s Sealing Solutions division and reinforces its presence within the aerospace materials segment.

Key Companies Profiled

• Victrex plc
• Ensinger
• SABIC
• Solvay
• BASF SE
• Evonik Industries AG
• Toray Advanced Composites
• Saint Gobain Aerospace
• DuPont

Explore Horizon Databook – the world’s most comprehensive market intelligence platform by Grand View Research.

Conclusion

The global aerospace plastics market continues to experience robust growth driven by weight reduction initiatives, increased aircraft production, and a strong shift toward sustainable and fuel-efficient materials. The expanding adoption of high-performance plastics in critical aerospace applications positions the industry for substantial progress through 2030.

Extracorporeal Membrane Oxygenation Machine Market Key Growth Drivers

The global extracorporeal membrane oxygenation machine market was valued at USD 307.9 million in 2023 and is projected to reach USD 445.7 million by 2030, expanding at a CAGR of 5.5% from 2024 to 2030. Market growth is primarily driven by the rising incidence of cardiopulmonary diseases and respiratory failures.

According to the Centers for Disease Control and Prevention (CDC), a person dies every 37 seconds from cardiovascular disease in the U.S., emphasizing the growing demand for advanced life-support technologies like ECMO systems. Additionally, chronic obstructive pulmonary disease (COPD), one of the leading causes of death in the U.S., continues to fuel market demand. As per the American Lung Association (2022), approximately 4.6% of adults, or 11.7 million people, reported a COPD diagnosis, highlighting the rising burden of respiratory conditions. In response, technological advancements have led to the development of hollow pumps, high-efficiency oxygenators, and heparin-coated cannulas, significantly improving ECMO system performance and versatility in surgical and critical care settings.

The increasing adoption of ECMO systems in hospitals and the expansion of awareness programs have been pivotal in driving market growth. Over the past 3–5 years, more than 100 new ECMO programs have been established in the U.S., bringing the total to around 300–400. This surge reflects growing clinical acceptance and broader access to ECMO therapy. In July 2022, Inspira Technologies OXY B.H.N. Ltd. launched the “Liby” System, a next-generation life support solution for patients suffering from severe heart and lung failure — marking a key milestone in ECMO innovation.

Technological progress has also led to the introduction of portable and compact ECMO machines, making them more adaptable across clinical settings and improving patient transport capabilities. The integration of miniaturized circuits and portable adapters has further expanded ECMO’s applications, especially for critical care transfers and emergency procedures.

Key Market Trends & Insights

• North America dominated the market in 2023, holding a 39.5% revenue share.
• The U.S. represented the largest share within North America.
• By component, the oxygenators segment held the largest share at 34.61% in 2023 and is projected to register the fastest CAGR during the forecast period.
• By modality, the veno-arterial segment accounted for the highest revenue share of 42.2% in 2023.
• By application, the respiratory segment led the market with a 44.10% share in 2023.

Download a free sample PDF of the Extracorporeal Membrane Oxygenation Machine Market Intelligence Study by Grand View Research.

Market Size & Forecast

• 2023 Market Size: USD 307.9 Million
• 2030 Projected Market Size: USD 445.7 Million
• CAGR (2024–2030): 5.5%
• North America: Largest market in 2023
• Asia Pacific: Fastest-growing market

Competitive Landscape

The ECMO machine market is characterized by a competitive mix of established players and emerging innovators. Leading companies are focusing on technological innovation, global expansion, and AI integration to enhance patient outcomes and broaden clinical applications. The demand for portable, smart, and telemedicine-integrated ECMO systems is shaping the next phase of market evolution. Established firms are also expanding into emerging regions to meet the growing demand for advanced life support solutions.

Recent Developments

• July 2023: BreathMo, an ECMO system based on maglev technology, was unveiled at the ASAIO Conference, marking a breakthrough in China’s domestic medical innovation.
• April 2023: Abbott received two new FDA clearances for its CentriMag Blood Pump, expanding its use for long-term ECMO support in adults with heart and lung complications.
• November 2022: LivaNova PLC secured FDA 510(k) clearance for its LifeSPARC circulatory support system, enabling broader clinical use in the U.S. market.
• July 2022: Inspira Technologies OXY B.H.N. Ltd. launched the “Liby” System, an advanced ECMO platform for patients with severe cardiopulmonary failure.
• July 2021: Xenios AG, a subsidiary of Fresenius Medical Care, received NMPA approval in China for its Xenios Console and patient kits, marking a key regulatory milestone in Asia.

Key Companies Profiled

• Medtronic Plc
• Maquet Holding
• MicroPort Scientific Corporation
• Terumo Cardiovascular System Corporation
• Medos Medizintechnik
• Nipro Medical Corporation
• LivaNova PLC
• CytoSorbents Corporation
• EUROSETS S.R.L

Explore Horizon Databook – the world’s most comprehensive market intelligence platform by Grand View Research.

Conclusion

The extracorporeal membrane oxygenation (ECMO) machine market is poised for steady growth, driven by rising cardiopulmonary disease prevalence, expanding hospital adoption, and continuous technological innovation. The development of compact, portable, and AI-enhanced ECMO systems is expected to revolutionize critical care, improve patient outcomes, and fuel market expansion through 2030.

How Smart Insulin Delivery Systems Are Reshaping the Diabetes Devices Market

The global diabetes devices market size was valued at USD 30.31 billion in 2023 and is projected to reach USD 50.33 billion by 2030, expanding at a CAGR of 7.45% from 2024 to 2030. The market growth is fueled by the rising prevalence of diabetes, advancements in medical technology, increasing adoption of insulin delivery devices, and the growing obesity rates worldwide.

Leading manufacturers are emphasizing technological advancements and the development of innovative products to strengthen their market presence. For instance, in February 2023, Insulet Corporation acquired assets from Automated Glucose Control LLC (AGC), a California-based company specializing in automated insulin delivery systems. The global rise in diabetes prevalence continues to boost demand for such devices. According to the Institute for Health Metrics and Evaluation (June 2023), more than 500 million people globally live with diabetes, making it one of the top 10 causes of death and disability. The current global prevalence rate of 6.1% is expected to increase, with North Africa and the Middle East showing the highest rate at 9.3%, projected to reach 16.8% by 2050, while Latin America and the Caribbean are expected to rise to 11.3%.

The growing demand for diabetes devices stems from their ability to reduce hospital stays and mortality rates among diabetic patients. These devices enable continuous glucose monitoring and improved disease management, allowing patients to take proactive measures to prevent complications. Through real-time data and timely treatment adjustments, diabetes devices significantly enhance patient outcomes and quality of life, underlining their critical role in modern diabetes care.

Key Market Trends & Insights

• The North American diabetes devices market held the largest revenue share of 38.66% in 2023.
• The U.S. market is anticipated to register the fastest CAGR during the forecast period.
• By type, the insulin delivery devices segment dominated the market, accounting for the largest share in 2023, and is projected to record the fastest CAGR of 7.89% through 2030.
• By distribution channel, the hospital pharmacies segment led with 54.13% market share in 2023.
• By end-use, the hospital segment accounted for the largest share at 40.80% in 2023.

Download a free sample PDF of the Diabetes Devices Market Intelligence Study by Grand View Research.

Market Size & Forecast

• 2023 Market Size: USD 30.31 Billion
• 2030 Projected Market Size: USD 50.33 Billion
• CAGR (2024–2030): 7.45%
• North America: Largest market in 2023
• Asia Pacific: Fastest-growing market

Competitive Landscape

Key players in the global diabetes devices market include Medtronic plc, Abbott Laboratories, F. Hoffmann-La Roche Ltd., Bayer AG, Lifescan, Inc., B. Braun Melsungen AG, and others. These companies focus on product innovation, strategic collaborations, and M&A activities to expand their market footprint. Emerging participants such as Companion Medical, Sanofi, Valeritas Holding Inc., Novo Nordisk, and Arkray, Inc. are also contributing to the competitive landscape through new product introductions and technological advancements.

Recent Developments

• May 2023: Medtronic announced its agreement to acquire EOFlow, a maker of insulin delivery systems. The integration of EOFlow’s solutions with Medtronic’s Meal Detection Technology and CGM systems aims to enhance diabetes management capabilities.
• April 2023: Undbio revealed plans to invest USD 100 million in building an insulin manufacturing plant in West Virginia, U.S., to expand domestic insulin production.
• July 2023: CharmHealth and Bioverge jointly invested in My Diabetes Tutor, a startup focused on improving diabetes care and patient education.

Key Companies Profiled

• Medtronic plc
• Abbott Laboratories
• F. Hoffmann-La Roche Ltd.
• Bayer AG
• Lifescan, Inc.
• B. Braun Melsungen AG
• Dexcom Inc.
• Insulet Corporation

Explore Horizon Databook – the world’s most comprehensive market intelligence platform by Grand View Research.

Conclusion

The diabetes devices market is set for sustained growth, driven by rising diabetes prevalence, technological innovations, and growing demand for efficient monitoring and delivery systems. Continuous advancements in digital health and insulin management are expected to transform patient outcomes and accelerate global market expansion through 2030.

Exploring Growth Drivers Transforming the Cyber Security Market

The global cyber security market size was estimated at USD 245.62 billion in 2024 and is projected to reach USD 500.70 billion by 2030, growing at a CAGR of 12.9% from 2025 to 2030. The market growth is primarily driven by the rising incidence of cyberattacks fueled by the expansion of e-commerce platforms, smart devices, and cloud deployment.

The increasing adoption of Internet of Things (IoT) and intelligent technologies has heightened vulnerability to cyber threats, prompting organizations to adopt advanced cyber security solutions to mitigate risks. Furthermore, the widespread shift toward remote working models, along with Bring Your Own Device (BYOD) and Choose Your Own Device (CYOD) policies, has expanded the attack surface for cybercriminals, necessitating stronger digital protection measures.

Traditional security frameworks are often inadequate against Advanced Persistent Threats (APT) and sophisticated malware, leading to a growing demand for AI-driven and automated cyber defense systems. Additionally, the cybersecurity training market is witnessing rapid growth as companies emphasize workforce education to prevent data breaches and mitigate security risks.

Key Market Trends & Insights

• North America dominated the market with a revenue share of over 34% in 2024.
• The U.S. cyber security market is expected to experience substantial growth.
• By security type, the infrastructure protection segment held the largest revenue share in 2024.
• By organization size, the large enterprises segment accounted for the largest share in 2024.
• By solution, the Identity and Access Management (IAM) segment led the market in 2024.

Download a free sample PDF of the Cyber Security Market Intelligence Study by Grand View Research.

Market Size & Forecast

• 2024 Market Size: USD 245.62 Billion
• 2030 Projected Market Size: USD 500.70 Billion
• CAGR (2025–2030): 12.9%
• North America: Largest market in 2024
• Asia Pacific: Fastest-growing market

Competitive Landscape

Some of the key players operating in the cyber security industry include IBM Corporation, Microsoft, Broadcom, Inc., and Fortinet, Inc.

• IBM Corporation is a global leader offering a comprehensive portfolio of cybersecurity solutions and services designed to combat evolving digital threats. With expertise in AI, automation, and hybrid cloud security, IBM provides cutting-edge tools for threat management, data protection, and identity access management. Its flagship IBM Security QRadar platform offers advanced threat detection and response capabilities, while its Zero Trust Architecture and X-Force Threat Intelligence initiatives strengthen enterprise resilience against emerging risks.
• Microsoft leverages its vast ecosystem to deliver end-to-end cybersecurity solutions across cloud and hybrid environments. Its products, including Microsoft Defender, Azure Security Center, and Microsoft Sentinel, provide real-time threat detection, compliance management, and proactive defense. The company’s Zero Trust security framework and AI-driven analytics empower organizations to protect assets against sophisticated cyberattacks, reinforcing Microsoft’s leadership in the global cybersecurity landscape.

Key Companies Profiled

• Fortinet, Inc.
• IBM Corporation
• Microsoft
• BAE Systems Plc
• Broadcom, Inc.
• Centrify Corporation
• Check Point Software Technology Ltd.
• Palo Alto Networks, Inc.
• Proofpoint, Inc.
• Sophos Ltd.

Explore Horizon Databook – the world’s most comprehensive market intelligence platform by Grand View Research.

Conclusion

The global cyber security market continues to evolve rapidly as organizations adopt digital transformation and cloud-first strategies. Rising cyber threats, increased IoT penetration, and remote work models are fueling the need for robust, AI-driven security frameworks. Ongoing innovation by leading players, coupled with growing awareness around data protection and regulatory compliance, will drive sustained market expansion. As enterprises prioritize Zero Trust architecture and cyber resilience, the market is expected to maintain strong momentum through the coming years.

Cosmetics Market Trends Redefining the Global Beauty and Personal Care Industry

The global cosmetics market size was estimated at USD 295.95 billion in 2023 and is projected to reach USD 445.98 billion by 2030, expanding at a CAGR of 6.1% from 2024 to 2030. A key factor driving this growth is the increasing consumer focus on enhancing personal appearance and grooming standards.

Among millennials, products related to skincare, color cosmetics, and hair care have become essential components of daily routines. The growing demand for natural, non-toxic, and organic ingredients in cosmetic formulations is further propelling market expansion, as consumers increasingly prioritize clean beauty and sustainability.

Personal care products (PCPs)—used for hygiene, grooming, cleaning, and appearance enhancement—span a broad range of categories, including hair and skincare products, UV protection creams, facial cleansers, insect repellents, fragrances, perfumes, soaps, detergents, shampoos, conditioners, and toothpaste.

Soap continues to play a vital role in skincare, serving as an essential tool for maintaining cleanliness and overall skin health. According to Consumer Reports, consumer preferences regarding skincare and haircare are increasingly influenced by environmental awareness, sustainability, and ingredient transparency.

Key Market Trends & Insights

• Asia Pacific held the largest market share of 45% in 2023.
• The U.S. market is expected to grow at a CAGR of 6.1% from 2024 to 2030.
• By product, the skincare cosmetics segment accounted for 43.3% of revenue share in 2023.
• By end user, the women’s cosmetics segment held a 62.9% revenue share in 2023.
• By distribution channel, offline sales accounted for 72.2% of total market revenue in 2023.

Download a free sample PDF of the Cosmetics Market Intelligence Study by Grand View Research.

Market Size & Forecast

• 2023 Market Size: USD 295.95 Billion
• 2030 Projected Market Size: USD 445.98 Billion
• CAGR (2024–2030): 6.1%
• Asia Pacific: Largest market in 2023

Competitive Landscape

The cosmetics market features a mix of established global brands and emerging players, all competing through product innovation, differentiation, and sustainable design. Leading companies leverage their extensive global distribution networks to effectively reach diverse consumer bases and penetrate emerging markets.

Recent Developments

• January 2024 – L’Oréal Group: Its venture capital arm, BOLD (Business Opportunities for L’Oréal Development), invested in Timeline, a consumer health company specializing in aging and longevity. Timeline integrates its proprietary Mitopure technology into skincare products and supplements to support its expansion across the beauty, food, and health sectors.
• December 2023 – Estée Lauder: Partnered with the Stanford Center for a three-year initiative supporting the Program on Aesthetics & Culture, funding research projects such as the New Map of Life post-doctoral fellowships to explore perceptions of longevity and vitality.

Key Companies Profiled

• Coty Inc.
• L’Oréal Group
• Estée Lauder Companies, Inc.
• Revlon Consumer Products LLC
• Avon Products, Inc.
• Unilever
• Company 7
• Godrej Group
• Procter & Gamble

Explore Horizon Databook – the world’s most comprehensive market intelligence platform by Grand View Research.

Conclusion

The global cosmetics market is set for robust growth through 2030, fueled by rising consumer awareness, preference for clean and sustainable beauty products, and continuous innovation by leading brands. Growing demand across emerging economies, coupled with technological advancements in formulation and distribution, will continue to redefine the market landscape. With strong contributions from the skincare and women’s cosmetics segments, and increasing adoption of natural and organic products, the industry is positioned to maintain steady momentum in the coming years.

Construction Equipment Rental Market Trends Transforming the Building Industry

The global construction equipment rental market size was estimated at USD 204.06 billion in 2024 and is anticipated to reach USD 280.13 billion by 2030, growing at a CAGR of 5.6% from 2025 to 2030. The market’s growth is primarily driven by increasing government investments in public infrastructure projects, which have accelerated mining and construction activities across developing nations, fueling demand for construction equipment.

Rising costs of new machinery are making equipment rental an increasingly attractive option for contractors and construction firms. The integration of cutting-edge technologies and automation is further propelling market expansion. One key trend shaping the industry is the growing adoption of telematics systems, which enable rental companies to remotely monitor equipment usage, performance, and location. These advanced systems significantly enhance fleet management and preventive maintenance practices, improving operational efficiency.

The adoption of IoT-enabled devices and sensors in rental equipment has also surged, providing real-time insights into fuel consumption, equipment health, and operator safety. These innovations allow companies to optimize performance, minimize downtime, and improve asset utilization.

Additionally, online platforms and mobile applications are transforming the equipment rental landscape by streamlining rental operations and expanding access for both owners and renters. Such platforms enable equipment owners—particularly small and mid-sized businesses—to showcase their inventory to a wider audience, secure more rental agreements, and generate additional revenue. This digital transformation is fostering a more transparent, competitive, and customer-focused rental ecosystem, offering enhanced convenience and service quality.

Key Market Trends & Insights

• The Asia Pacific market accounted for 49.7% of the overall market share in 2024.
• The U.S. construction equipment rental industry maintained a dominant position in 2024.
• By product, earthmoving machinery led the market with a 54.7% share in 2024.
• By drive type, the ICE segment accounted for the largest market revenue share in 2024.

Download a free sample PDF of the Construction Equipment Rental Market Intelligence Study by Grand View Research.

Market Size & Forecast

• 2024 Market Size: USD 204.06 Billion
• 2030 Projected Market Size: USD 280.13 Billion
• CAGR (2025–2030): 5.6%
• Asia Pacific: Largest market in 2024

Competitive Landscape

The construction equipment rental market features several leading global players focused on expanding their rental fleets, strengthening regional presence, and integrating advanced telematics technologies.

Key players include Caterpillar Inc., Deere & Company, Komatsu Ltd., Liebherr-International AG, and United Rentals, Inc.

• Liebherr-International AG, along with its subsidiaries, manufactures and supplies a broad range of construction machinery and equipment. Its product portfolio includes mobile and crawler cranes, concrete technology, deep foundation machines, maritime cranes, and port equipment, as well as aerospace systems, refrigeration solutions, and automation components.
• United Rentals, Inc., based in the U.S., is one of the largest equipment rental providers globally, operating over 1,400 branches across North America and Europe. The company’s extensive network includes 1,345 rental locations in North America and 11 in Europe, with a strong presence across the U.S., Canada, Europe, and Asia Pacific.

Key Companies Profiled

• Ahern Rentals Inc.
• AKTIO Corporation
• Caterpillar Inc.
• Byrne Equipment Rental
• Cramo Plc
• Finning International Inc.
• Liebherr-International AG
• Kanamoto Co., Ltd.
• Maxim Crane Works, L.P.
• United Rentals, Inc.

Explore Horizon Databook – the world’s most comprehensive market intelligence platform by Grand View Research.

Conclusion

The global construction equipment rental market is poised for steady growth through 2030, driven by infrastructure investments, digitalization, and technological integration in equipment management. Rising equipment costs and the growing adoption of telematics and IoT-based solutions are making rental services more efficient and cost-effective. Supported by strong demand from construction, mining, and industrial sectors, the market is expected to experience sustained momentum, led by key players such as Caterpillar, Liebherr, and United Rentals.

Collaborative Robot Market Growth Driven by AI and Machine Learning Integration

The global collaborative robot market size was estimated at USD 2.14 billion in 2024 and is projected to reach USD 11.64 billion by 2030, growing at a CAGR of 31.6% from 2025 to 2030. Market growth is primarily driven by the rising demand for automation across industries such as manufacturing, healthcare, automotive, and logistics.

Companies are increasingly seeking cost-effective and flexible automation solutions to enhance productivity and minimize human errors. Collaborative robots, or cobots, provide a significant advantage by working safely alongside humans—enhancing efficiency without requiring costly safety enclosures. This feature is fostering broader adoption of cobots across industries, further propelling market expansion in the coming years.

The growing emphasis on workplace safety is another key factor driving cobot deployment. Designed with integrated safety features, cobots can operate in close proximity to human workers without extensive safety barriers. This not only enhances worker safety but also improves ergonomics by handling repetitive or physically demanding tasks, thereby reducing the risk of injuries and increasing overall workforce productivity. This trend is expected to continue supporting market growth over the forecast period.

Furthermore, the market is experiencing increased adoption across diverse sectors such as automotive, electronics, healthcare, and food processing. Each of these industries recognizes the operational advantages of integrating cobots—whether it’s boosting assembly line efficiency in automotive manufacturing or enhancing quality control in electronics production. The wide applicability and flexibility of cobots are driving their demand as companies pursue tailored automation solutions that align with their specific operational needs.

Key Market Trends & Insights

• The Asia Pacific collaborative robot market accounted for the largest revenue share of over 38% in 2024.
• The U.S. dominated the North American collaborative robot market in 2024.
• By payload capacity, the up to 5 kg segment captured the largest market share of over 43% in 2024.
• By application, the assembly segment held the largest share in 2024.
• By industry vertical, the automotive segment led the market in 2024, driven by extensive automation adoption.

Download a free sample PDF of the Collaborative Robot Market Intelligence Study by Grand View Research.

Market Size & Forecast

• 2024 Market Size: USD 2.14 Billion
• 2030 Projected Market Size: USD 11.64 Billion
• CAGR (2025–2030): 31.6%
• Asia Pacific: Largest market in 2024

Competitive Landscape

The global collaborative robot market features a mix of established leaders and emerging players pursuing innovation, partnerships, and technological advancement to strengthen their market positions.

ABB Group and KUKA AG are among the key players shaping the competitive landscape.

• ABB Group operates across power, robotics, and automation technologies with four major divisions: electrification products, discrete automation and motion, process automation, and power grids. Its product portfolio includes collaborative robots such as YuMi, GoFa, and SWIFTI, supported by a strong global presence across North America, South America, Asia Pacific, Europe, and the Middle East & Africa.
• KUKA AG, headquartered in Germany, is a leading provider of intelligent automation solutions. The company focuses on the development, production, and sale of industrial robots, controllers, and software, serving industries such as manufacturing and logistics. Its main business units include KUKA Industries, KUKA Robotics, KUKA Systems, and Swisslog.

Emerging participants such as Energid Technologies Corporation and Fanuc Corporation are also contributing to market innovation.

• Energid Technologies Corporation (acquired by Teradyne, Inc.) develops advanced robotic systems and software, serving industries including aerospace, agriculture, defense, transportation, and healthcare. Its patented software platform, Actin, is designed for commercial, industrial, and mission-oriented robotics applications.
• Fanuc Corporation is a prominent provider of automation products and services, including robots, robotic machines, CNC systems, servo motors, and laser products. The company focuses on large-scale production and global distribution of robotic and CNC solutions.

Key Companies Profiled

• ABB Group
• DENSO Corporation
• Epson America Inc.
• AUBO (BEIJING) ROBOTICS TECHNOLOGY CO., LTD
• Comau S.p.A.
• Energid Technologies Corporation
• Fanuc Corporation
• KUKA AG

Explore Horizon Databook – the world’s most comprehensive market intelligence platform by Grand View Research.

Conclusion

The global collaborative robot market is experiencing rapid growth, fueled by the increasing demand for intelligent and flexible automation across industries. With rising focus on workplace safety, cost efficiency, and operational productivity, cobots are becoming a crucial component of modern industrial systems. Their ability to work safely alongside humans while improving efficiency positions them as a key driver of the next wave of industrial automation. Supported by strong adoption in automotive and manufacturing sectors, and led by technological innovation from global players like ABB, KUKA, and Fanuc, the collaborative robot market is set to achieve remarkable growth through 2030.

 

Clinical Trial Imaging Market Poised for Expansion with AI and Automation Advances

The global clinical trial imaging market size was estimated at USD 1.23 billion in 2024 and is projected to reach USD 1.91 billion by 2030, growing at a CAGR of 7.8% from 2025 to 2030. Market growth is primarily driven by the expansion of the biotechnology and pharmaceutical sectors, along with rising investments in research and development aimed at developing novel therapeutics for diverse diseases.

Medical imaging continues to play a vital role in the advancement of innovative life science products. Despite the dynamic and evolving nature of the imaging industry, the biopharmaceutical and medical device sectors are experiencing sustained growth, supported by substantial investments and strategic mergers and acquisitions. These M&A activities increasingly focus on integrating advanced imaging technologies to enhance the efficiency and precision of the clinical trial process.

The clinical trial imaging market is witnessing steady expansion, fueled by growing R&D activities in new drug and therapy development. With more than 400,000 registered clinical trials globally, the demand for robust imaging solutions has surged—particularly across oncology, cardiology, and neurology applications. The integration of AI-powered image analysis and advanced imaging modalities is expected to improve data accuracy and streamline clinical assessments. Furthermore, the COVID-19 pandemic accelerated the adoption of virtual imaging trials, with approximately 30% of clinical trials employing virtual methodologies by 2021, showcasing the sector’s adaptability and resilience during global disruptions.

Key Market Trends & Insights

• North America accounted for the largest share of the global clinical trial imaging market at 47.93% in 2024.
• Asia Pacific is projected to record the fastest growth rate of 8.4% during the forecast period.
• By modality, the computed tomography (CT) scan segment held the largest share at 25.87% in 2024.
• Based on therapeutic area, oncology dominated the market with a 23.63% share in 2024.
• By services, the reading and analytical services segment led the market with a 30.95% share in 2024 and is expected to grow at a CAGR of 8.4% from 2025 to 2030.

Download a free sample PDF of the Clinical Trial Imaging Market Intelligence Study by Grand View Research.

Market Size & Forecast

• 2024 Market Size: USD 1.23 Billion
• 2030 Projected Market Size: USD 1.91 Billion
• CAGR (2025–2030): 7.8%
• North America: Largest market in 2024
• Asia Pacific: Fastest growing market

Competitive Landscape

Leading market players are expanding their global presence through partnerships, collaborations, and acquisitions to enter new markets and strengthen technological capabilities. Collaborations with academic medical centers and research institutions, such as the Mayo Clinic, are becoming increasingly common as companies seek access to clinical expertise and real-world validation for their imaging technologies.

For example, in September 2023, GE HealthCare announced a strategic collaboration with the Mayo Clinic to drive innovation in medical imaging and theragnostics. This partnership aims to advance the development of new technologies and solutions that can enhance diagnostics, precision imaging, and patient care.

Recent Developments

• March 2023: Clario introduced a cloud-based image viewer designed specifically for clinical trials to improve medical image accessibility and streamline analysis workflows.
• May 2023: Cleerly partnered with ProScan Imaging to deliver personalized cardiac health solutions leveraging Cleerly’s AI-powered platform for analyzing coronary CT angiography (CCTA) images, supporting more precise cardiovascular diagnostics.

Key Companies Profiled

• IXICO plc
• Navitas Life Sciences
• Resonance Health
• ProScan Imaging
• Radiant Sage LLC
• Medpace
• Biomedical Systems Corp
• Cardiovascular Imaging Technologies
• Intrinsic Imaging
• BioTelemetry

Explore Horizon Databook – the world’s most comprehensive market intelligence platform by Grand View Research.

Conclusion

The global clinical trial imaging market is poised for steady expansion, supported by the growth of the biopharmaceutical sector, the integration of advanced imaging technologies, and the increasing adoption of AI-driven analytical tools. Rising global clinical trial volumes and the adoption of virtual imaging solutions are enhancing trial efficiency and accuracy. Strategic collaborations among key players and research institutions are further driving innovation and enabling improved clinical outcomes. With North America maintaining dominance and Asia Pacific emerging as a high-growth region, the market is set to achieve sustained momentum through 2030.

 

Global Cell Culture Media Market Growth Fueled by Rising Biotech Investments

The global cell culture media market size was estimated at USD 4.31 billion in 2024 and is projected to reach USD 12.80 billion by 2033, growing at a CAGR of 13.20% from 2025 to 2033. Cell culture media, typically a gel or liquid, contains essential nutrients and compounds that regulate and support the growth of cells or microorganisms used in biopharmaceutical manufacturing.

The cell culture media industry is currently in a high-growth phase, driven by increasing demand from the biopharma, diagnostics, and research sectors. The market is witnessing rapid advancements in media formulations, significant investments in biotechnology research, and expanding applications in drug discovery, regenerative medicine, and personalized therapies. Competition and innovation are fueling new product launches and strategic collaborations among leading companies. For instance, in December 2024, Creative Biolabs (U.S.) introduced advanced iPSC and FGF2 solutions to accelerate stem cell therapy research and provide customized support for global regenerative medicine initiatives.

The industry is also observing a high level of mergers and acquisitions (M&A), driven by the need for market consolidation and portfolio expansion. Leading companies are acquiring smaller players to strengthen technological capabilities and extend their global presence. For example, in March 2022, Fujifilm, through its Life Sciences division in Japan and the U.S., acquired Shenandoah Biotechnology (Pennsylvania) to enhance its recombinant protein and cell culture expertise worldwide. These strategic efforts enable key players to meet the increasing demands of the biopharma, diagnostics, and research markets while maintaining competitiveness in a rapidly evolving landscape.

Key Market Trends & Insights

• North America held the largest revenue share of 38.57% of the global market in 2024.
• The U.S. cell culture media market is expected to experience significant growth during the forecast period.
• By product, the serum-free media segment accounted for the highest share at 33.16% in 2024.
• Based on application, biopharmaceutical production dominated with a 47.79% revenue share in 2024.
• By end-use, pharmaceutical & biotechnology companies captured the largest share of 34.17% in 2024.

Download a free sample PDF of the Cell Culture Media Market Intelligence Study by Grand View Research.

Market Size & Forecast

• 2024 Market Size: USD 4.31 Billion
• 2033 Projected Market Size: USD 12.80 Billion
• CAGR (2025–2033): 13.20%
• North America: Largest market in 2024
• Asia Pacific: Fastest growing market

Competitive Landscape

The cell culture media market is characterized by a mix of established global leaders and emerging innovators striving to address the evolving needs of biotechnology, pharmaceutical, and regenerative medicine industries. Major players such as Sartorius AG, Danaher, Merck KGaA, Thermo Fisher Scientific, Inc., FUJIFILM Corporation, and Lonza have strengthened their market positions through robust product portfolios, wide distribution networks, and continuous R&D investments. Their offerings range from classical and serum-free media to advanced formulations designed for vaccine production, biopharmaceutical manufacturing, stem cell research, and cancer biology.

Meanwhile, companies including BD, STEMCELL Technologies, Cell Biologics, Inc., and PromoCell GmbH are expanding their global footprint through niche product innovations and customized media solutions that cater to the dynamic needs of researchers and clinical developers.

Recent Developments

• May 2025: PL BioScience (Germany) partnered with DewCell Biotherapeutics (South Korea) to launch a scalable, animal-free artificial human platelet lysate, offering a next-generation cell culture medium for global cell therapy applications.
• April 2025: Capricorn Scientific collaborated with florabio AS (Turkey) to introduce animal-free, high-yield cell culture media, combining their expertise in scalable, defined formulations to support global biotech and vaccine R&D.

Key Companies Profiled

• Sartorius AG
• Danaher
• Merck KGaA
• Thermo Fisher Scientific, Inc.
• FUJIFILM Corporation
• Lonza
• BD
• STEMCELL Technologies
• Cell Biologics, Inc.
• PromoCell GmbH

Explore Horizon Databook – the world’s most comprehensive market intelligence platform by Grand View Research.

Conclusion

The global cell culture media market is poised for robust growth, driven by expanding applications in biopharmaceutical production, regenerative medicine, and personalized therapies. Advancements in serum-free and animal-free formulations, coupled with rising investments in biotech R&D, are reshaping the industry landscape. Strategic collaborations, mergers, and acquisitions among key players are enhancing technological capabilities and expanding global reach. With North America leading in market share and Asia Pacific emerging as the fastest-growing region, the market is set to witness sustained momentum through 2033, supported by innovation, scalability, and the growing demand for high-quality cell culture solutions.

Books Market Growth Driven by Rising Reading Culture

The global books market size was estimated at USD 150.99 billion in 2024 and is projected to reach USD 192.12 billion by 2030, growing at a CAGR of 4.2% from 2025 to 2030. Rising consumer spending on books—fueled by increasing disposable incomes, growing interest in reading, and innovations in book formats—continues to drive market expansion.

The market remains largely dominated by academic publishers, while non-academic or trade publishing accounts for a smaller share. Academic publishing benefits from its close association with the global education ecosystem, catering primarily to schools, universities, research institutes, and professional education sectors.

Technological advancements have further transformed the reading experience. The introduction of audio and video-integrated e-books has attracted diverse audiences across regions, while improved accessibility of paperback formats for differently-abled and non-English-speaking readers continues to support inclusive market growth.

Key Market Trends & Insights

• North America accounted for over 33.0% of the global market revenue in 2024.
• The U.S. books market is expected to grow at a CAGR of 4.2% from 2025 to 2030.
• By type, the educational segment held an 18.29% share in 2024.
• By category, the fictional books segment dominated with a 59.99% share in 2024.
• By format, the hard copy segment accounted for 84.12% of total revenue in 2024.

Download a free sample PDF of the Books Market Intelligence Study by Grand View Research.

Market Size & Forecast

• 2024 Market Size: USD 150.99 Billion
• 2030 Projected Market Size: USD 192.12 Billion
• CAGR (2025–2030): 4.2%
• Largest Market (2024): North America

Competitive Landscape

The global books market is fragmented, featuring a blend of large multinational publishers and smaller independent players that contribute to the sector’s creative diversity. Major players such as Penguin Random House, Hachette Book Group, HarperCollins, Simon & Schuster, Macmillan, and Pearson dominate the landscape with their broad product portfolios and global distribution networks.

These companies continue to strengthen their market presence through digital transformation, mergers and acquisitions, and strategic partnerships. For instance, Penguin Random House’s acquisition of Simon & Schuster significantly enhanced its presence in the North American market.

Recent Developments

• 2024: Penguin Random House launched new mystery and thriller titles in both e-book and hardcopy formats.
• November 2020: Pearson established a direct-to-consumer division, aiming to build stronger connections with learners worldwide.
• November 2020: Scholastic Inc. announced a multi-book publishing program with civil rights icon Ruby Bridges.
• November 2020: HarperCollins signed a two-book deal with filmmaker Quentin Tarantino, whose debut novel “Once Upon a Time in Hollywood” was released in Summer 2021.

Key Companies Profiled

• Penguin Random House
• Hachette Book Group
• HarperCollins Publishers
• Simon & Schuster, Inc.
• Pearson
• Macmillan Publishers
• Scholastic Inc.
• Marvel Comics
• Morris Publishing
• IDW Publishing

Explore Horizon Databook – the world’s most comprehensive market intelligence platform by Grand View Research.

Conclusion

The global books market continues to evolve, supported by technological advancements, educational demand, and the enduring appeal of fiction and print media. As publishers adapt to digital ecosystems and explore innovative content formats, the industry is poised for steady growth through 2030.

 

Blockchain Technology Market Poised to Revolutionize Industries

The global blockchain technology market size was valued at USD 31.28 billion in 2024 and is projected to reach USD 1,431.54 billion by 2030, expanding at an exceptional CAGR of 90.1% from 2025 to 2030. The rising demand for secure, transparent, and decentralized transaction systems across multiple industries continues to fuel market growth.

Blockchain’s immutable and decentralized ledger system ensures transparency and integrity in data management, making it particularly valuable to sectors such as finance, healthcare, and supply chain management. Organizations in these industries are increasingly integrating blockchain solutions to enhance security, traceability, and operational efficiency.

Market Drivers

The growing adoption of blockchain in supply chain optimization is a key growth driver. The technology’s ability to trace, verify, and authenticate the movement of goods in real-time minimizes fraud, strengthens transparency, and boosts overall supply chain efficiency. Consequently, enterprises are actively leveraging blockchain to digitally transform their supply chain operations.

Additionally, the surging interest in cryptocurrencies and digital assets continues to drive the adoption of blockchain technology. As the foundational technology behind cryptocurrencies like Bitcoin and Ethereum, blockchain is being explored for broader applications such as Central Bank Digital Currencies (CBDCs) and digital asset management.

Furthermore, the increasing need for secure and cost-effective cross-border payments is accelerating blockchain’s penetration in the financial sector. Unlike traditional international payment systems that involve multiple intermediaries and high fees, blockchain-based solutions offer faster, transparent, and low-cost transactions, thereby reshaping the global remittance landscape.

Key Market Trends & Insights

• North America dominated the global market in 2024, accounting for 37.4% of total revenue.
• The U.S. blockchain technology market is anticipated to grow at a significant CAGR from 2025 to 2030.
• By type, the public cloud segment led the market with a 61.5% revenue share in 2024.
• By component, the infrastructure & protocols segment dominated in 2024.
• By offering, the platform segment held the largest share in 2024.

Download a free sample PDF of the Blockchain Technology Market Intelligence Study by Grand View Research.

Market Size & Forecast

• 2024 Market Size: USD 31.28 Billion
• 2030 Projected Market Size: USD 1,431.54 Billion
• CAGR (2025–2030): 90.1%
• Largest Market (2024): North America
• Fastest-Growing Market: Asia Pacific

Competitive Landscape

The global blockchain technology market is highly competitive, with leading players focusing on innovation, product expansion, and strategic collaborations to maintain their market position. Key participants include IBM Corporation, Microsoft Corporation, The Linux Foundation, Blockchain Tech LTD, and others.

• Monax Labs: A pioneer in blockchain-based smart contract solutions, offering a decentralized platform for secure, transparent legal and contractual processes.
• Chain: Specializes in scalable blockchain infrastructure for enterprises, enabling secure asset transfers and smart contract automation across industries such as finance, healthcare, and logistics.

Recent Developments

• January 2024: Chain upgraded its Chain Prime product, evolving it into a comprehensive Trading-as-a-Service (TaaS) platform for institutional clients, while focusing on enterprise blockchain products like Chain Cloud, Sequence, and Chain NFTs.
• December 2023: RYVYL partnered with R3 to launch RYVYL Block, a blockchain-as-a-service platform simplifying blockchain adoption for businesses handling high transaction volumes.
• October 2023: DTCC acquired Securrency Inc., aiming to embed blockchain-based digital asset infrastructure into its financial services offerings.
• September 2023: LayerZero collaborated with Google Cloud, appointing it as its primary oracle provider to ensure secure verification of cross-chain transactions.

Key Companies Profiled

• IBM Corporation
• Microsoft Corporation
• The Linux Foundation
• Blockchain Tech LTD
• Chain
• Circle Internet Financial, LLC
• Deloitte Touche Tohmatsu Limited
• Digital Asset Holdings, LLC
• Global Arena Holding, Inc. (GAHC)

Explore Horizon Databook – the world’s most comprehensive market intelligence platform by Grand View Research.

Conclusion

The blockchain technology market is on an exponential growth trajectory, driven by the rising need for transparency, efficiency, and digital security. As industries increasingly adopt blockchain for digital transformation, the technology is set to redefine global business operations, particularly in finance, logistics, and governance.