Press Releases from Persistent Market Research (579 total)
Train Seat Material Market to Reach USD 268.8Mn by 2033, Growing at 4.8% CAGR | …
The global Train Seat Material Market is projected to grow from USD 168.2 million in 2023 to USD 268.8 million by 2033, at a CAGR of 4.8%. The demand is driven by the increasing need for comfortable, high-quality seating in the expanding railway industry, particularly in East Asia and South Asia Pacific. The rise of high-speed rail systems, which require enhanced seating for longer journeys, is a major growth factor.…
Automotive Fuel System Market Set to Reach USD 88.06B by 2033, Growing at 3.4% C …
The global automotive fuel system market, valued at USD 60,637.0 million in 2022, is projected to reach USD 88,056.8 million by 2033, growing at a CAGR of 3.4%. Fuel systems, essential for regulating fuel distribution in vehicles, vary based on engine type and vehicle category, playing a critical role in vehicle performance. The market is driven by increasing vehicle demand, with customers prioritizing performance, comfort, and safety. Additionally, advancements like…
Motorcycle Market to Hit USD 200.2 Bn by 2033, Growing at 4.0% CAGR | Persistenc …
The global motorcycle market, valued at USD 135.25 billion in 2024, is projected to reach USD 200.2 billion by 2033, growing at a CAGR of 4.0% from 2024 to 2033. Motorcycles, used for various purposes such as commuting, racing, and leisure, are becoming more popular due to increasing middle-class populations globally and rising demand for efficient, affordable transportation options. Technological advancements in motorcycle design, including enhanced safety and comfort features,…
Automotive Engine Oil Market to Reach USD 55.1 Bn by 2032, Growing at 2.2% CAGR …
The global automotive engine oil market was valued at USD 42.4 billion in 2021 and is projected to reach USD 55.1 billion by 2032, growing at a CAGR of 2.2%. Engine oil plays a crucial role in reducing friction, minimizing wear, and enhancing engine performance. The market's growth is driven by increasing vehicle production, rising demand for energy-efficient lubricants, and the adoption of synthetic engine oils. Additionally, the presence of…
Automotive Radiator Market to Reach USD 15.14B by 2033, Growing at 5.3% CAGR | P …
The global automotive radiator market was valued at approximately USD 8,552.9 million in 2022 and is expected to grow at a CAGR of 5.3%, reaching USD 15,142.5 million by 2033. Radiators are essential components for maintaining engine temperature in vehicles, featuring tanks, tubes, fins, and fans for efficient cooling. The automotive industry's growth is driven by increasing demand for personal vehicles, multiple car ownership, and easy access to financing options.…
Rail Wheel and Axle Market to Reach USD 6.95B by 2033, Growing at 5.4% CAGR | Pe …
The global rail wheel and axle market, valued at USD 4,109.20 million in 2023, is projected to grow at a CAGR of 5.4%, reaching USD 6,952.86 million by 2033. This growth is driven by rapid urbanization, the expansion of rail infrastructure, and increasing government investments in high-speed and bullet train projects. East Asia, particularly China, Japan, and South Korea, is expected to dominate the market due to significant railway development,…
Ship Hull Inspection Services Market to Reach USD 5.84B by 2032, Growing at 7.2% …
The global ship hull inspection services market was valued at USD 2.73 billion in 2021 and is projected to reach USD 5.84 billion by 2032, growing at a CAGR of 7.2%. This growth is driven by increased sea trade, ship demand, and the expansion of marine routes, particularly in South Asia and the Pacific. The cruise industry's globalization is also contributing to market growth, with ship hull inspection services accounting…
Automotive Digital Key Market Projected to Grow to USD 11.38B by 2033 at 14.2% C …
The global automotive digital key market is projected to grow from USD 3,016.7 million in 2023 to USD 11,381.3 million by 2033, with a CAGR of 14.2%. Growth is driven by advancements in smartphone-to-vehicle technology, IoT developments, and the increasing demand for vehicle connectivity. The market is especially strong in East Asia and Europe. Despite challenges like the semiconductor shortage and the COVID-19 pandemic, the market is poised for rapid…
Bicycle Tire Market Set to Reach USD 15.41 Bn by 2033, Growing at a 7.8% CAGR | …
The global bicycle tire market is expected to grow from USD 7,271.6 million in 2023 to USD 15,410.5 million by 2033, at a CAGR of 7.8%. This growth is driven by factors like rising fuel prices, an expanding bicycle fleet, and the increasing demand for eco-friendly transport. The market also benefits from the growth of electric bicycles and cycling events. Additionally, the introduction of airless bicycle tires, which solve issues…
ADAS Calibration Equipment Market to Reach USD 564.2 Mn by 2031, Growing at 10.8 …
The global ADAS calibration equipment market is projected to grow at a CAGR of 10.8%, increasing from an estimated value of USD 275.2 million in 2024 to USD 564.2 million by 2031. ADAS, which includes safety features like adaptive cruise control, lane departure warning, and automatic emergency braking, requires precise calibration for optimal performance. This market serves automotive workshops, service centers, and OEMs, providing specialized hardware (e.g., target boards, cameras,…
Airport Runway FOD Detection Systems Market to Grow to USD 75.2 Mn by 2031 | Per …
The global airport runway foreign object debris (FOD) detection systems market is expected to grow at a CAGR of 7.1%, rising from an estimated value of USD 46.5 million in 2024 to USD 75.2 million by 2031. These systems are crucial for enhancing runway safety and operational efficiency by detecting and mitigating foreign objects, which could pose a threat to aircraft during takeoff or landing. Leveraging advanced sensor technologies like…
India's Tire Pressure and Airbag Sensor Market to Grow to USD 684.6 Mn by 2033 | …
The India tire pressure sensor and airbag sensor market is projected to grow at a CAGR of 8.2% from 2023 to 2033, with an estimated value of USD 311.3 million in 2023, reaching USD 684.6 million by 2033. This market growth is driven by the increasing demand for safety features in vehicles, spurred by consumer preferences for advanced technologies and government regulations like the Bharat New Vehicle Safety Assessment Program…
Network Performance Monitoring Market to Reach USD 5.47 Bn by 2033, Growing at 1 …
The global network performance monitoring (NPM) market was valued at USD 1.46 billion in 2022 and is projected to reach USD 5.47 billion by 2033, growing at a CAGR of 12.9%. The market is driven by the increasing need for network visibility and regulatory compliance. North America leads the market with a 25.5% share, followed by Europe at 21.1%. The high cost of network monitoring systems, including hardware, software, and…
Warehouse Management Systems Market to Reach USD 14.54B by 2033, Growing at 15.4 …
The global warehouse management systems (WMS) market is projected to grow from USD 3.57 billion in 2023 to USD 14.54 billion by 2033, with a strong CAGR of 15.4%. WMS software helps businesses manage warehouse operations efficiently, from inventory tracking to goods movement. Key drivers include the booming e-commerce industry and the increasing adoption of cloud-based WMS solutions. North America leads the market, holding a 27.1% share, with Europe growing…
Virtual Care Market to Reach USD 122.3B by 2033, Growing at 17.4% CAGR | Persist …
The global virtual care market is forecast to grow from USD 7.9 billion in 2022 to USD 122.3 billion by 2033, at a robust CAGR of 17.4%. Virtual care leverages digital technologies like telemedicine, telehealth, and remote monitoring to provide healthcare services remotely, enhancing accessibility and efficiency. The market is driven by factors like the increasing use of smartphones and tablets, as well as wearable technology such as smartwatches and…
Automotive Solenoid Market to Reach USD 14.83 Bn by 2033, Growing at 4.2% CAGR | …
The global automotive solenoid market is expected to generate USD 10.44 billion in 2023 and reach USD 14.83 billion by 2033, growing at a CAGR of 4.2%. Automotive solenoids, which use magnetic fields generated by coils of wire, play crucial roles in automatic transmissions, starters, and more. The market has benefitted from rising vehicle ownership, urbanization, and the growing demand for modern automotive systems. Smart automation, AI advancements, and increasing…
Automotive Gear Oil Market to Reach USD 21.95 Bn by 2033, Growing at 4.2% CAGR | …
The global automotive gear oil market, valued at USD 13,922.8 million in 2022, is projected to grow at a CAGR of 4.2%, reaching USD 21,954.7 million by 2033. Demand for gear oil is driven by its role in reducing friction and heat in gear systems, preventing component failure. Despite a dip in growth during the COVID-19 pandemic, the market has rebounded, supported by increased vehicle sales and rising disposable incomes.…
Automotive Active Health Monitoring Market to Reach USD 1.6B by 2030 | Persisten …
The global automotive active health monitoring systems market is projected to grow significantly, expanding at a CAGR of 18.8%, from a value of USD 481.3 million in 2023 to USD 1,607.4 million by 2030. This market is driven by growing concerns around the health and safety of both drivers and passengers. Automotive active health monitoring systems use sensors, software, and data analytics to monitor vital signs like heart rate, fatigue,…
Managed Security Services Market to Reach USD 83.98 Bn by 2033, Growing at 11.6% …
The Managed Security Services (MSS) market is valued at USD 27,940.3 million in 2023 and is projected to reach USD 83,977.7 million by 2033, growing at a CAGR of 11.6%. This market growth is fueled by the rising frequency and sophistication of cyberattacks, increasing demand for cybersecurity solutions, and a growing reliance on managed service providers to ensure continuous monitoring, threat detection, and compliance. As businesses face evolving security threats,…
PACS Market to Reach USD 5.8 Bn by 2033, Growing at a CAGR of 6.4% | Persistence …
The Picture Archiving and Communication System (PACS) market is valued at USD 2,948.4 million in 2023 and is projected to grow to USD 5,808.7 million by 2033, at a CAGR of 6.4%. PACS plays a vital role in the healthcare industry by storing, retrieving, managing, and sharing medical images. The increasing demand for digitalization in healthcare, along with advancements in imaging technology and growing adoption of telemedicine, are key factors…
Connected Home Security Market to Reach USD 52.6 Bn by 2033, Growing at 18.2% CA …
The connected home security market is valued at USD 9,847.3 million in 2023 and is projected to reach USD 52,567.4 million by 2033, growing at a CAGR of 18.2%. This growth is driven by increasing consumer demand for smart home solutions, enhanced security features, and the rising adoption of IoT-enabled devices. Connected home security systems, including smart cameras, doorbell cameras, sensors, and alarms, are becoming integral to modern households, offering…
Forklift Truck Safety Solutions Market to Hit USD 19.5 Bn by 2033 with 17.4% CAG …
The forklift truck safety solutions market is expected to grow from USD 6,369.4 million in 2024 to USD 19,552.8 million by 2033, at a CAGR of 17.4%. This growth is driven by increasing workplace safety regulations and the rising adoption of advanced technologies such as driver assistance systems, collision avoidance, and pedestrian detection solutions. Industries like manufacturing, warehousing, logistics, and retail are investing in both hardware and software safety solutions…
Crate Engines Market Set for 6.1% Growth, Projected to Hit USD 34.2B by 2033 | P …
The global crate engines market is projected to reach USD 34,247.1 million by 2033, growing at a CAGR of 6.1% from 2023 to 2033. Crate engines, which are pre-assembled and ready-to-install engines, are in high demand due to their application in automotive performance upgrades, custom builds, and replacement in various vehicle types. This market growth is fueled by the increasing popularity of high-performance cars, motorsports, and the demand for engine…
Automotive Interior Materials Market Set to Reach USD 241.8B by 2033 with 6.4% C …
The automotive interior materials market is projected to reach USD 241.8 billion by 2033, growing at a CAGR of 6.4% from 2023 to 2033. This growth is driven by increasing demand for advanced, sustainable, and lightweight materials in vehicle interiors. These materials, including plastics, textiles, leather, and composites, contribute to enhancing comfort, safety, and aesthetics within modern vehicles. As automotive manufacturers prioritize innovation in vehicle design and materials, the market…
5G Network Equipment Market Growth Driven by Mobile Traffic, Reaching USD 17.5Bn …
The global 5G network equipment market, valued at USD 3.2 billion in 2023, is projected to reach USD 17.5 billion by 2033, growing at a CAGR of 18.4%. The rapid growth in mobile data traffic and advancements in technologies like Cloud-RAN are key drivers of this growth. North America leads the market with a 24.4% share in 2022, while Europe follows with 21.2%. In India, the market is expanding rapidly,…
Software Asset Management Market Set for 11.8% CAGR, Expanding to USD 7.1Bn by 2 …
The Software Asset Management (SAM) market is set to grow from USD 2.3 billion in 2023 to over USD 7.1 billion by 2033, with a CAGR of 11.8%. SAM helps organizations optimize software usage, reduce costs, and ensure compliance, driven by factors like cloud adoption and rising security concerns. North America leads the market, while India's rapidly expanding IT sector offers significant growth potential, with a projected CAGR of 13.1%.…
Online Advertising Market Set for 9.6% Growth, Projected to Hit USD 529 Bn by 20 …
The global online advertising market is expected to grow from USD 231 billion in 2024 to USD 529 billion by 2033, with a CAGR of 9.6%. The market includes a variety of digital marketing strategies, such as display ads, social media ads, SEM, video ads, and mobile advertising. It serves multiple industries, including retail, automotive, healthcare, entertainment, and financial services. Growth is driven by the increasing use of digital platforms,…
Automotive Seat Belt Market to Reach USD 15.8 Bn by 2033, Driven by Safety Innov …
The global automotive seat belt market is projected to grow from USD 8.96 billion in 2024 to USD 15.8 billion by 2033, reflecting a CAGR of 6.5%. Key drivers include stringent vehicle safety regulations and the growing emphasis on reducing accident-related injuries. Innovations such as pretensioners and load limiters are enhancing the safety performance of seat belts, driving market demand. Additionally, the rise in global automotive production and vehicle sales,…
Automotive Trim Parts Market to Grow to USD 61.43B by 2031, Driven by Innovation …
The automotive trim parts market is projected to grow from USD 44.21 billion in 2024 to USD 61.43 billion by 2031, with a CAGR of 4.9%. Key drivers of this growth include the adoption of lightweight, sustainable materials such as carbon fiber, aluminum, and advanced polymers to improve fuel efficiency and reduce emissions. The increasing consumer demand for personalized automotive designs and premium interior features is also contributing to market…
Automotive Aluminum Extruded Parts Market to Reach USD 103.95B by 2033 | Persist …
The global automotive aluminum extruded parts market is projected to grow from USD 62.05 billion in 2024 to USD 103.95 billion by 2033, with a CAGR of 5.9%. Aluminum extrusions are critical in the automotive industry for structural components, chassis, and engine parts due to their lightweight, strength, and corrosion resistance. These properties contribute to the production of fuel-efficient, high-performance vehicles. The market's growth is driven by the increasing demand…
Video Surveillance Market Set to Reach USD 108.3 Bn by 2033 with 8.4% CAGR | Per …
The global video surveillance market is projected to grow from USD 52.3 billion in 2024 to USD 108.3 billion by 2033, with a CAGR of 8.4%. This growth is driven by the increasing demand for security solutions in government, commercial, and residential sectors. Video surveillance systems are vital for crime prevention, traffic monitoring, and public safety. The integration of advanced technologies like AI and IoT is further enhancing the effectiveness…
Managed Learning Services (MLS) Market Set to Grow from $2.8 Billion to $8.71 Bi …
The global Managed Learning Services (MLS) market was valued at US$ 2.8 billion in 2022 and is projected to grow to US$ 8.71 billion by 2033, with a CAGR of 11%. MLS providers offer outsourced training services, such as course design, content development, delivery, and evaluation, helping organizations improve their internal training programs. The growing focus on organizational training, skill development, and cost reduction through outsourcing is driving the demand…
iPaaS Market Set to Soar, Projected to Reach $53.88 Billion by 2033 with 25.6% C …
The global Integration Platform as a Service (iPaaS) market, valued at US$ 4.4 billion in 2022, is projected to reach US$ 53.88 billion by 2033, growing at a CAGR of 25.6%. iPaaS offers cloud-based services that simplify integration of various applications and data, streamlining operations for businesses. The increasing adoption of hybrid and multi-cloud infrastructures is a major factor driving market growth. North America dominated the market with a 36.6%…
Utility Equipment Market to Reach $19.08 Billion by 2033, Growing at 5.1% CAGR | …
The global utility equipment market, valued at US$ 11,604.4 million in 2023, is projected to reach US$ 19,083.1 million by 2033, growing at a CAGR of 5.1%. The market is driven by increasing adoption of street sweepers across various sectors such as municipal, chemical, automotive, and food industries, fueled by rising waste generation due to population growth and affluence. North America is expected to hold a significant market share, with…
Trailer Suspension System Market Poised for Strong Growth, Projected to Reach $6 …
The global trailer suspension system market, valued at US$ 3,588.6 million in 2022, is projected to reach US$ 6,165.4 million by 2033, growing at a CAGR of 5.1%. Trailer suspension systems are crucial for absorbing road impacts, enhancing vehicle stability, and supporting the transportation of goods. With rising demand from construction, manufacturing, and logistics sectors, manufacturers are expanding production to meet the growing need for trailers. Despite pandemic-related disruptions, the…
Automotive Digital Key Market Poised for Rapid Growth, Projected to Reach $11.38 …
The global automotive digital key market is expected to grow from US$ 3,016.7 million in 2023 to US$ 11,381.3 million by 2033, with a CAGR of 14.2%. This growth is driven by advancements in smartphone-to-vehicle technology, IoT, and vehicle connectivity. Despite challenges like the semiconductor shortage and geopolitical tensions, the demand for luxury vehicles and rising vehicle security awareness are boosting market expansion. East Asia and Europe remain key regions…
Emulsion Explosive Market Set for 4.8% CAGR Growth, Reaching $3.57 Billion by 20 …
The global emulsion explosive market is forecasted to grow at a CAGR of 4.8%, reaching US$ 3.57 billion by 2031, up from US$ 2.57 billion in 2024. Emulsion explosives, composed of oxidizers, fuels, sensitizers, and water, are valued for their safety, stability, and performance, making them vital in industries like mining, construction, and infrastructure. These explosives are adaptable to varying blasting conditions and are increasingly integrated with automation technologies such…
Electronic Sealants Market to Reach $14.32 Billion by 2031 | Persistence Market …
The global electronic sealants market is projected to grow from US$ 8.46 billion in 2024 to US$ 14.32 billion by 2031, at a CAGR of 7.8%. Electronic sealants are critical in protecting electronic components and devices from environmental hazards like moisture, dust, and temperature fluctuations. As electronic devices become more compact and complex, the demand for effective sealants rises to ensure reliability and longevity. This market serves industries such as…
Consumer Packaging Market to Reach $92.8 Billion by 2031, Driven by Sustainabili …
The global consumer packaging market is projected to grow from US$ 56.2 billion in 2024 to US$ 92.8 billion by 2031, at a CAGR of 5.7%. This market plays a vital role in various industries, including food & beverages, personal care, and pharmaceuticals, by ensuring product safety, enhancing shelf appeal, and supporting efficient distribution. Increasing consumer demand for sustainable and eco-friendly packaging has driven innovations such as biodegradable materials and…
Mobile Application Market Set to Reach $1.12 Trillion by 2033, Growing at a 17.4 …
The global mobile application market, valued at US$191.75 billion in 2023, is projected to reach US$1.12 trillion by 2033, growing at a CAGR of 17.4%. Mobile apps, designed for smartphones, tablets, and computers, are becoming increasingly popular due to their convenience over traditional desktop and web-based applications. The integration of mobile apps with cloud computing, wearables, and augmented/virtual reality (AR/VR) is expected to drive growth, especially in health, wellness, and…
E-Bike Subscription Platform Market Set to Grow 16.5% CAGR, Reaching $9.96 Billi …
The global e-bike subscription platform market, valued at US$2.16 billion in 2023, is projected to grow at a CAGR of 16.5%, reaching US$9.96 billion by 2033. This growth is driven by rising fuel costs, the increasing popularity of eco-friendly transportation, and shifting lifestyles. E-bikes offer an efficient, sustainable alternative to traditional vehicles, particularly in regions like India, where concerns over pollution and traffic congestion are driving demand. North America led…
Triage System Market to Reach $60.24 Billion by 2033, Growing at a 20.1% CAGR | …
The global triage system market, valued at US$9.62 billion in 2023, is projected to grow at a CAGR of 20.1%, reaching US$60.24 billion by 2033. This growth is driven by the rise in telehealth technologies, mobile healthcare apps, and increased investments in triage services worldwide. North America held a dominant market share of 28.3% in 2022, with Europe at 23.4%. The growing use of triage platforms by paramedics and EMTs…
Plastic-Rubber Composite Market to Reach $3.12 Billion by 2031, Growing at a 5.1 …
The global plastic-rubber composite market is projected to grow at a CAGR of 5.1%, rising from US$ 2.20 billion in 2024 to US$ 3.12 billion by 2031. These composites, made by combining plastic resins with rubber polymers, offer unique advantages like flexibility, durability, and resistance to harsh conditions. They are widely used across industries such as automotive, construction, aerospace, and healthcare, in components like seals, hoses, and insulation materials. As…
Helium Gas Market to Reach $3.4 Billion by 2031, Growing at a 4.8% CAGR | Persis …
The global helium gas market is projected to grow at a CAGR of 4.8%, increasing from US$ 2.4 billion in 2024 to US$ 3.4 billion by 2031. Helium's unique properties, such as low density, non-reactivity, and excellent thermal conductivity, make it crucial across sectors like healthcare, aerospace, electronics, and cryogenics. In healthcare, helium is vital for MRI machine cooling, while in semiconductor manufacturing, it serves as an ideal purging agent.…
Hastelloy Market Set to Reach $1.2 Billion by 2031, Growing at a 4.5% CAGR | Per …
The global Hastelloy market is projected to grow at a CAGR of 4.5%, from an estimated US$ 893.4 million in 2024 to US$ 1,215.8 million by 2031. Known for its exceptional corrosion resistance, high-temperature strength, and durability in harsh environments, Hastelloy alloys are crucial in sectors like chemical processing, oil refining, aerospace, and power generation. These alloys enhance equipment longevity, reduce maintenance costs, and provide significant economic benefits. With their…
VoIP Services Market Set to Soar from $115.2 Billion in 2022 to $472.3 Billion b …
The VoIP services market, valued at US$ 115.2 billion in 2022, is expected to grow significantly, reaching US$ 472.3 billion by 2033, with a CAGR of 13.8%. VoIP technology enables voice and video calls over the internet, offering more flexibility and cost-efficiency than traditional phone services. North America led the market with 27.6% of the share in 2022, followed by Europe with 18.1%. Despite its growth, VoIP faces competition from…
Quantum Computing Market Set to Reach US$ 1.5B by 2033, Growing at 13.7% CAGR | …
The quantum computing market, valued at US$ 372.9 million in 2022, is expected to grow at a CAGR of 13.7%, reaching US$ 1,505.7 million by 2033. Key drivers include its vast potential in sectors like research, finance, medicine, and cybersecurity. Despite challenges like high development costs and infrastructure needs, advancements such as cloud-based quantum computing and international collaborations are accelerating progress. The U.S. holds a significant market share, and the…
Forged Automotive Components Market to Reach US$ 75.8B by 2033 | Persistence Mar …
The global forged automotive components market, valued at US$ 48.9 billion in 2023, is projected to reach US$ 75.8 billion by 2033, growing at a CAGR of 4.48%. Forged components are crucial in the automotive industry due to their exceptional strength, toughness, and high strength-to-weight ratios, making them ideal for high-stress applications like engine parts, chassis, and axles. The growing focus on lightweight components for fuel efficiency and reduced emissions…
Train Seat Material Market to Reach US$ 268.8 Mn by 2033 with 4.8% CAGR | Persis …
The global Train Seat Material Market, valued at US$ 168.2 Mn in 2023, is projected to reach US$ 268.8 Mn by 2033, expanding at a steady CAGR of 4.8%. Driven by increasing railway infrastructure development, especially in East Asia and South Asia Pacific, the market is witnessing a shift towards high-quality, comfortable, and sustainable seating solutions. High-speed rail expansion and rising demand for luxury train seats further fuel market growth.…
Automotive Radiator Market to Hit US$ 15.1B by 2033 with 5.3% CAGR | Persistence …
The global automotive radiator market, valued at US$ 8,552.9 million in 2022, is projected to grow at a 5.3% CAGR, reaching US$ 15,142.5 million by 2033. The rising demand for passenger and commercial vehicles, coupled with stringent emission norms, is driving market expansion. Increased vehicle sales, supported by easy financing options and multiple vehicle ownership, have fueled radiator demand. Additionally, the growing adoption of electric and hybrid vehicles requiring advanced…
