Satellite Communication Industry Overview The global satellite communication market size was estimated at USD 83.29 billion in 2023 and is expected to grow at a CAGR of 10.0% from 2024 to 2030. The promising growth prospects of the market can be attributed to the growing demand for High-throughput Satellite (HTS) systems, which provide significantly increased capacity and data speeds compared to traditional systems. HTS systems enable faster and more efficient data transmission, making them...

Pharmacovigilance Industry Overview The global pharmacovigilance market size was estimated at USD 7.32 billion in 2023 and is anticipated to grow at a CAGR of 6.8% from 2024 to 2030. The rising incidence of Adverse Drug Reactions (ADRs) owing to drug abuse and the prevalence of diseases that require a combination of drugs are the major growth drivers for the market. In addition, an upward shift in the production of novel drugs and the presence of stringent government regulatory frameworks...

Nutritional Supplements Industry Overview The global nutritional supplements market size was estimated at USD 381.47 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.3% from 2023 to 2030. Growing attention to health has significantly helped the market thrive. Moreover, the rising prevalence of non-communicable diseases has resulted in the faster adoption of nutritional supplements to enrich overall well-being. According to the Global Alliance for Chronic...

Carbon Fiber Industry Overview   The global carbon fiber market size was valued at USD 4.66 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 10.9% from 2023 to 2030. This growth is attributed to the growing adoption of carbon fiber in automotive and aerospace applications. Increasing automotive demand coupled with the rising need for lightweight vehicles is expected to fuel the demand over the forecast period. The need for fuel-efficient vehicles along...

Modular Construction Industry Overview   The global modular construction market size was estimated at USD 90.79 billion in 2022 and is expected to register a growth of 7.5% over the forecast period.   This growth is attributed to the growing demand for affordable housing coupled with the increasing investment in the development of healthcare and commercial infrastructure around the globe. Off-site building activities in the urban regions are also growing, which is further...

Artificial Intelligence Industry Overview   The global artificial intelligence market size was estimated at USD 196.63 billion in 2023 and is projected to grow at a CAGR of 36.6% from 2024 to 2030. The continuous research and innovation directed by tech giants are driving adoption of advanced technologies in industry verticals, such as automotive, healthcare, retail, finance, and manufacturing. For instance, in December 2023, Google LLC launched...

Gene Therapy Industry Overview   The global gene therapy market size was estimated at USD 5.54 billion in 2023 and is projected to grow at a CAGR of 18.88% from 2024 to 2030. The market growth is attributed to many factors such as the expanding area of advanced therapies along with gene delivery technologies and progressive competition among key players focused on commercialization of their therapies. The biotechnology companies are investing in acquisitions, mergers/collaborations,...

Waste Management  Industry Overview   The global waste management market size  was valued at USD 1,293.70 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2030. The market is expected to be driven by stringent government regulations such as the Resource Conservation and Recovery Act and Waste Shipment Regulation for improving this service. During the COVID-19 pandemic, due to the lockdown, waste production decreased from the...

Metaverse Industry Overview The global metaverse market size was estimated at USD 82.02 billion in 2023 and is projected to grow at a CAGR of 43.9% from 2024 to 2030. The integration of spatial technologies enables users to engage with digital content as if it exists in their physical surroundings, blurring the boundary between virtual and real-world experiences. Companies are increasingly adopting this technology to create immersive products and services that enhance user interactions and...

Kaolin Industry Overview The global kaolin market size was valued at USD 3.98 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2030.Increasing investment in construction and infrastructure industry is propelling demand for paints & coatings, ceramic-based products, and cement, which is driving market growth. Global construction industry is expected to witness lucrative growth over shifting inclination towards green construction, which...

Audiobooks Industry Overview The global audiobooks market size was estimated at USD 6.83 billion in 2023 and is expected to expand at a CAGR of 26.2% from 2024 to 2030. The rising adoption of smartphones has increased the popularity of audiobooks, making them available for consumption anytime and from any location. The advancement of digital technology has made audiobooks more accessible through online platforms and mobile devices, expediting market growth. Furthermore, increased internet...

Smart Factory Industry Overview The global smart factory market size was valued at USD 130.25 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9.8% from 2023 to 2030. The market for smart factory is expected to expand due to several key factors, including increasing emphasis on energy efficiency, improved manufacturing productivity, and the establishment of advanced manufacturing infrastructures. Additionally, there are promising...