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Showing posts from January, 2025

Global RFID Technology Market: Trends, Growth Drivers, and Forecast 2023-2030

  The global  radio frequency identification (RFID) technology market   size was estimated at USD 15,769.8 million in   2022 and is expected to grow at a compound annual growth rate (CAGR) of 15.1% from 2023 to 2030. The market is poised to witness steady growth over the forecast period due to the growing demand for asset tracking, inventory management, resource optimization, and monitoring assets of security and safety. Moreover, the proliferation of Real Time Location Systems (RTLS), sensor networks, 5G, and the Internet of Things (IoT) has made RFID devices more significant in the connected world. RFID devices are anticipated to be increasingly important in capitalizing on these technologies, contributing to the market’s growing demand. The RFID systems that are deployed in the market are composed of three major components, namely tags, readers, and middleware. The RFID tags form the largest part of the market and are subject to prime deve...

Global Oleoresin Market: Trends, Growth Drivers, and Forecast 2024-2030

  The global  oleoresin market  size is anticipated to reach USD 2.83 billion by 2030 and is anticipated to expand at a CAGR of 6.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. This growth is attributed to the growing use of spice oleoresins for coloring and flavoring and is projected to drive the market growth.   Oleoresins, derived from specific spices like turmeric and paprika, are highly valued not only for flavor-enhancing properties but also for vibrant coloring attributes. These products find extensive applications in salad dressings and as coloring agents in pickled products. Oleoresins are particularly suitable for high-temperature food processing methods such as baking and frying. Furthermore, their solubility characteristics make them widely used additives in the food industry.  h Moreover, the flavor of the product may not be equivalent to their corresponding essential oils. Although, te product is thick, visco...

Global Lead Acid Battery Market: Trends, Growth Drivers, and Forecast 2023-2030

  The global  lead acid battery market  size is expected to reach USD 55.23 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.6% from 2023 to 2030.   Lead-acid batteries have been used in a wide range of applications for many years, and there is a well-established infrastructure for manufacturing, distribution, and recycling. This makes them a convenient and cost-effective choice for many applications. While lead-acid batteries are a mature technology, there have been significant improvements in recent years, such as the development of valve-regulated lead-acid (VRLA) batteries that offer improved performance and longer service life. This is expected to boost the demand for lead acid batteries for the forecast period. Lead-acid batteries are relatively inexpensive compared to other battery technologies, making them an attractive option for applications that require a large amount of energy storage....

Global Impact Investing Market: Trends, Growth Drivers, and Forecast 2023-2030

  The global  impact investing market  size is expected to reach USD 253.95 billion by 2030, growing at a CAGR of 18.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. Impact investing is crucial in driving positive social and environmental change while generating financial returns. Its importance lies in the ability to align investments with one's values and contribute to solving pressing global challenges. This investment approach considers both financial performance and the impact on society, aiming to generate measurable and sustainable outcomes.   The impact investing industry’s growth can be attributed to the growing demand from investors seeking to make a difference. Individuals, institutional investors, and corporations increasingly incorporate Environmental, Social, and Governance (ESG) factors into their investment decisions. They recognize that investing in companies and projects that have a positive impact can contribute to a mor...

Global Eye Tracking Market: Trends, Growth Drivers, and Forecast 2022-2030

  The global  eye tracking market  size is expected to reach USD 8.06 billion by 2030, registering a CAGR of 33.4% over the forecast period, according to a new report by Grand View Research, Inc. Vision capturing systems determine the duration and the exact location of the user’s visual attention. The system includes recording the pupil movement, determining the fixation point and duration, processing the data & images, and filtering the relevant data using software algorithms. The filtered data can be analyzed and used for various applications in the automotive, consumer electronics, healthcare, and retail industries. Eye movement detection is one of the most important features integrated into VR headsets. In July 2016, Fove, Inc. launched its eye-tracking VR headset to directly incorporate the eye-tracking sensors into the headset to monitor the user’s gaze.   In the future, vision tracing is anticipated to enable foveated rendering. This technology devotes mos...

Global Clinical Trial Imaging Market: Trends, Growth Drivers, and Forecast 2025-2030

  The global  clinical trial imaging market  size is expected to reach USD 1.91 billion by 2030, registering a CAGR of 7.8% from 2025 to 2030, according to a new report by Grand View Research, Inc. Increasing research and development spending to discover new drugs and therapies to treat chronic diseases is propelling the industry growth. Images obtained from the internal examination of the body are used to determine drug activity. Clinical trial imaging provides rapid, detailed, and accurate screening. The need for clinical trial imaging is rapidly increasing in all phases of trials. Medical imaging in clinical trials is used as a primary, quantitative, and surrogate biomarker.   The clinical trial design includes selecting patient population, stratification based on biomarkers, different methods for allocation treatments, choosing efficient and reliable endpoints and validation of surrogate endpoints, calculating sample size, trial simulations, adapti...

Global Automotive Brake System Market: Trends, Growth Drivers, and Forecast 2023-2030

The global  automotive brake system market  size is expected to reach USD 72.70 billion by 2030, registering a CAGR of 5.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. Factors such as the increasing number of road accidents have led to the rising demand for the safety features such as traction control system, anti-lock braking system, advanced driver system, etc. Passengers are concerned about the rising fatality which is prompting automotive manufacturers to install more efficient automotive systems.   Furthermore, the demand for semi-luxury and luxury high-performance automobiles has increased significantly in recent years. As a result, the demand for effective brake systems in vehicles such as passenger cars, large and light commercial vehicles, and two-wheelers continue to increase. These factors are driving the growth of the automotive brake system market significantly, throughout the forecast period. In addition, due to increased d...