Cold Chain Market is Predicted to Observe a Tremendous Growth, With a CAGR of 14.8%From 2021 To 2028: Grand View Research Inc.

San Francisco, 18 Nov 2021: The Report Cold Chain Market Size, Share & Trends Analysis Report By Type (Storage, Monitoring Components), By Equipment (Storage, Transportation), By Application (Fish, Meat & Seafood), By Packaging, And Segment Forecasts, 2021 – 2028

The global cold chain market size is estimated to reach USD 628.26 billion by 2028, according to a new study by Grand View Research, Inc., registering a CAGR of 14.8% from 2021 to 2028. Technological advancements in the packaging, processing, and storage of seafood products are expected to drive the market over the forecast period. Cold chain solutions have become an integral part of Supply Chain Management (SCM) for the transportation and storage of temperature-sensitive products. Increasing trade of perishable products is anticipated to drive product demand over the forecast period.

Companies operating in this market are increasingly adopting alternative energy solutions, such as wind and solar energy, to minimize the overall operating costs. Among cold chain solutions, the refrigeration system is used to maintain the quality of products and enhance their shelf life. However, refrigerants used in refrigeration systems pose a threat to the environment because of their high Global Warming Potential (GWP) and Ozone Depletion Potential (ODP). Stringent food safety regulations, such as the Food Safety Modernization Act that requires increased attention toward the construction of cold storage warehouses, are slated to benefit the market.

Adoption of environmental audit systems, such as Leadership in Energy and Environmental Design (LEED) or Building Research Establishment Environmental Assessment Method (BREEAM), can evaluate designs at an initial stage. Thus, the operational performance of completed buildings can be assessed through these audit systems. Temperature-controlled warehouses are highly energy-sensitive as they incorporate refrigeration and ventilation systems that require high power consumption. However, better designs can reduce power consumption and can help build net-zero energy warehouses.

Intelligent warehouse automation and control systems are one of the factors assisting buildings to achieve net-zero energy to become self-sustainable. Less energy consumption notably lowers operating expenditure, eventually contributing to the protection of ecology and climate. In terms of revenue, North America is anticipated to be the largest regional market by 2028. Mexico is expected to have exponential growth over the forecast period owing to the rising investments for the development of logistics infrastructure and increasing penetration of the Warehouse Management System (WMS).

In South America, Brazil is a major contributor to market growth. Implementation of dietary guidelines on the usage of fresh food products over processed food led by the Brazilian government is expected to boost the market in the country. These guidelines require the development of cold chains to meet the requirements for storage, transportation, and packaging of fresh food. Many service providers have invested in adding onboard tracking equipment to refrigeration units. This provides real-time location and temperature data to shippers and third-party logistics. It further helps them with increased visibility and opportunity to mitigate or prevent losses.

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Cold Chain Market Report Highlights

• Due to a shift in focus from increasing productivity to providing better transport and storage facilities, the market has gained prominence in developing countries, such as China and India
• Cold chain monitoring, smart packaging, sample lifecycle management, men and material tracking, and connected equipment are among IoT applications of key importance for the pharmaceuticals industry
• Radio Frequency Identification (RFID)-enabled supply chain provides higher efficiency and has opened up new growth opportunities by offering product-level visibility
• Globalization and rising number of pharmaceutical and food safety counterfeit incidents have compelled governments to tighten regulations pertaining to production and supply
• The Government of India remains keen on supporting the development of the cold chain industry and is encouraging private participation by launching subsidy schemes and offering grants

List of Key Players of Cold Chain Market

• Agro Merchant Group (U.S.)
• Nordic Logistics and Warehousing, LLC (U.S.)
• Preferred Freezer Services, LLC (U.S.)
• Cold Chain Technologies, Inc. (U.S.)
• Cryopack Industries, Inc. (U.S.)
• Creopack (Canada)
• Cold Box Express, Inc. (U.S.)

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Food Processing Equipment Market Expected To Witness A Substantial Growth Of USD 89.31 Billion By 2028: Grand View Research Inc.

San Francisco, 18 Nov 2021: The Report Food Processing Equipment Market Size, Share & Trends Analysis Report By Mode Of Operation (Semi-automatic, Automatic), By Type (Processing, Pre-processing), By Application, And Segment Forecasts, 2021 – 2028

The global food processing equipment market size is expected to reach USD 89.31 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.1% from 2021 to 2028. The changing lifestyle of people, increasing inclination toward nutritious food, and awareness about the health benefits of marine products are expected to surge the product demand over the coming years.

Population growth and rising disposable income, along with increasing urbanization, are expected to drive the consumption of processed foods, which, in turn, is expected to benefit the industry growth. Moreover, the governments of Middle Eastern countries are focusing on reducing their reliance on the petroleum sector and promoting investments in industries, such as construction, automotive, and food and beverage.

Farmed fish solutions for the marine industry had provided a convenient solution for the demand-supply imbalance. However, the industry witnessed a price hike for fresh and processed fish. The positive economic condition of the market and potential customers are some of the prominent factors that assure the prominent growth of the market over the forecast period.

Rising population, dietary shifts, and a rise in spending power influence the market growth, which exerts pressure on the industry to fulfill the ever-increasing demand of the world. In addition, the growing need for equipment in the wake of the rising consumption of processed foods in the developing economies in Asia Pacific is expected to drive the industry.

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Food Processing Equipment Market Report Highlights

• By type, the processing equipment is expected to witness the fastest growth over the forecast period owing to the high demand for processed products and the increasing popularity of healthy and packaged food
• Based on mode of operation, the automatic processing equipment segment is expected to expand at the fastest CAGR of 6.9% from 2021 to 2028 owing to the high demand for technological development, growing use of automation, and strong research and development capabilities of market players
• The rise in demand for fast and packaged food is expected to compel manufacturers to expand their production capabilities, which is likely to trigger product demand over the forecast period
• The market in Brazil is expected to expand at a CAGR of 5.1% from 2021 to 2028 owing to the untapped opportunities and customer base
• Industry participants are adopting strategies, including distribution network expansion, new product developments, mergers & acquisitions, and partnerships, in order to gain a competitive edge in the industry

List of Key Players of Food Processing Equipment Market

• GEA Group Aktiengesellschaft
• BAADER Group
• Bühler AG
• Marel
• Alfa Laval
• Tetra Laval International S.A.
• Krones AG
• The Middleby Corporation
• JBT Corporation
• SPX Flow Inc.

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Dyes & Pigments Market Size Is Poised To Reach USD 51.7 Billion By 2028: Grand View Research Inc.

San Francisco, 18 Nov 2021: The Report Dyes & Pigments Market Size, Share & Trends Analysis Report By Product (Pigments, Dyes), By Application (Paints & Coatings, Printing Inks, Textiles), By Region (APAC, Europe), And Segment Forecasts, 2021 – 2028

The global dyes and pigments market size is expected to reach USD 51.7 billion by 2028, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 5.1% from 2021 to 2028. The market is projected to witness substantial growth in product consumption on account of high application scope coupled with increasing demand from the textile and paints & coatings application segments. The product demand in the Asia Pacific is expected to grow at the fastest CAGR during the forecast period. The growing construction industry, rapid industrialization & urbanization, and increasing consumer disposable income levels in the emerging economies are the primary factors driving the regional market. Moreover, strong support, various initiatives, and increasing investments by the government are propelling the growth of the construction industry in the region, which, in turn, is anticipated to fuel the product demand.

Increasing utilization of plastics in consumer goods is anticipated to provide a positive scope for market growth over the forecast period. Pigments are added to polymers to obtain the specific colors in plastic products. Its use in plastics depends upon its weatherability and aging, light fastness, warping and nucleation, and transparency. The demand for inorganic pigments is higher than organic in plastics. The organic pigments tend to form clumps owing to their poor dispersion, which further results in spots and specks in the final product. As a result, inorganic pigments are a preferable option as they are easily dispersed. Titanium dioxide is the most commonly used inorganic pigment in the plastics application segment.

Based on product type, reactive and disperse dyes are expected to witness major demand during the projected period. Dyes cover a broad range of applications from textiles to organic LEDs and Liquid Crystal Displays (LCD). Properties, such as enhanced dyeing efficiency, photophysical/photochemical properties, and improved quality to reduce toxicity, are anticipated to propel the growth of reactive and disperse dyes in the next eight years.

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Dyes & Pigments Market Report Highlights

• In terms of revenue, Asia Pacific led the global market in 2020 and is estimated to expand at the fastest CAGR of 5.8% from 2021 to 2028
• Increasing product demand from the end-use industries, such as textiles, paper, paints & coatings, construction, and printing inks, is likely to drive the APAC regional market in the coming years
• Dyes are expected to be the largest as well as the fastest-growing product segment over the forecast period
• The paints & coatings application segment accounted for the largest revenue share of the pigments market in 2020 and is estimated to maintain its dominance over the forecast period
• Rising product demand in various applications, such as automotive and marine, is estimated to support the growth of the paints & coatings segment
• Textiles application segment dominated the dyes market in 2020 with more than 62% revenue share and is expected to continue its dominance throughout the forecast period

List of Key Players of Dyes & Pigments Market

• BASF SE
• Clariant AG
• DIC Corp.
• Sudarshan Chemical Industries Ltd.
• Atul Ltd.
• Huntsman Corp.
• Kronos Worldwide Inc.
• Lanxess AG
• Kiri Industries Ltd.

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Bioactive Materials Market Expanding At A CAGR 14.0%For The Forecast Period From 2021 To 2028: Grand View Research Inc.

San Francisco, 18 Nov 2021: The Report Bioactive Materials Market Size, Share & Trends Analysis Report By Material (Glass, Composites), By Type (Moldable, Powder), By Application (Dentistry, Surgery), By Region (APAC, North America), And Segment Forecasts, 2021 – 2028

The global bioactive materials market size is estimated to reach USD 5.85 billion by 2028 registering a CAGR of 14.0% over the forecast period, according to a new report by Grand View Research Inc. Growing geriatric population coupled with the advancement in various surgical procedures is expected to drive the product demand in the market. Rising consumer awareness about health and well-being is projected to drive market growth during the forecast period.

The product helps in promoting stem cell structure and the transplanted stem cells offer enhanced therapeutic effects in surgeries. Thus, a wide scope of application for these products in the replacement and reconstruction of damaged cells, tissues, and bones is fueling the product demand in the surgery application sector. Moreover, increasing technological advancements coupled with the growing demand for dental care and orthopedics, due to high awareness about oral health & hygiene, are also supporting market growth.

The availability of favorable healthcare policies and fast-curing surgical & low-cost post-implant procedures in various developed regions including, the U.S., Japan, France, and others, are offering positive growth prospects to the overall market. Some of the key applications of the product include dentistry, surgery, bioengineering, and others.

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Bioactive Materials Market Report Highlights

• The glass material segment is expected to register the fastest CAGR of 14.8% over the forecast period
• This growth is credited to high demand for glass materials owing to their nonporous and solid characteristics, which are suited for stimulation of bone growth and various surgical procedures
• In 2020, dentistry emerged as the largest application segment with a share of 46.0% and is likely to ascend at a significant CAGR during the forecast period
• Growing cases of oral health problems including cancer and gum problems are driving the product demand in the dentistry application segment
• In 2020, North America emerged as the largest regional market owing to the increased number of dental procedures performed, such as tooth regeneration, root canal, bone-defect treatment, and various related surgeries
• In Europe, the revenue for the powder type segment was valued at USD 157.9 million in 2020 and is anticipated to gain higher shares in the forecast period on account of rising demand from the dentistry, bioengineering, and surgery application industries
• Asia Pacific is estimated to be the fastest-growing regional market during the forecast period on account of increasing product consumption as a result of rising health problems and growing population in emerging economies like China and India
• Prominent players in the market have undertaken various initiatives, such as advancing healthcare infrastructure, partnership, and scientific research in collaboration with healthcare institutions
• Moreover, government support and policies within the respective countries are expected to influence the market on a positive note

List of Key Players of Bioactive Materials Market

• Zimmer Holding Inc.
• Medtronic Inc.
• Stryker Corporation
• DePuy Synthes
• Biomatlante
• Arthrex, Inc.
• Pulpdent Corporation
• Bioactive Bone Substitutes Oy
• Lasak s.r.o
• Bioretec Ltd.
• Noraker
• Septodont Holding
• I. TAKIRON Corporation

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U.S. Ketones Market Size Worth $ 2.71 Billion By 2028: Grand View Research Inc.

San Francisco, 17 Nov 2021: The Report U.S. Ketones Market Size, Share & Trends Analysis Report By Application (Cosmetics & Personal Care, Food & Beverages, Pharmaceuticals, Adhesives, Chemical Manufacturing, Electroplating), And Segment Forecasts, 2021 – 2028

The U.S. ketones market size is estimated to reach USD 2.71 billion by 2028, registering a CAGR of 5.0% over the forecast period, according to a new report by Grand View Research, Inc. The growth can be attributed to the growing consumption of convenience food and rising health consciousness among consumers.

In addition, the presence of a large number of restaurants and eateries in the country providing ketone-based food & beverages is expected to have a positive impact on the market growth. Ketones are manufactured using organisms, the most common method to produce the product involves oxidation of hydrocarbon with air. Some other methods of production include geminal halide hydrolysis, oxidation of amines with iron chloride, decarboxylation of carboxylic anhydride, and others.

Key players focus on new product launches coupled with mergers & acquisitions. Multinational companies like BASF SE have a strong presence throughout the value chain. The U.S.-based e-commerce platform named Sephora USA, Inc. saw an increase in revenue by 30% and it is expected to increase over the forecast period due to the popular trend of online shopping due to convenience and affordable product prices.

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U.S. Ketones Market Report Highlights

• Pharmaceuticals was the leading application segment in 2020 and is expected to grow at the fastest CAGR over the forecast years as acetone and methyl isobutyl ketone are used as solvents and as excipients in manufacturing a variety of drugs
• The cosmetics & personal care segment is estimated to account for the second-largest revenue share by 2028 as ketone is used in nail polish, nail polish removers, perfumes, skin & hair care products, soaps, and other products
• The food & beverages segment is anticipated to grow at the fastest CAGR of 5.7%, in terms of revenue, during the forecast years owing to the rising product usage as a flavoring agent in foods and as an indirect food adhesive in food packaging materials
• Ketones are also used as vapor degreasing solvents to manufacture various end-user products, such as tires, paints and coatings, varnishes, insecticides, and many others

List of Key Players of U.S. Ketones Market

• BASF SE
• Ineos
• KetoLogic
• Perfect Keto
• KetoneAid
• Sapien Products LLC
• Boli LLC
• Ketōnd LLC
• Zenwise
• Limitless Venture Group, Inc.

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Inhaled Nitric Oxide Delivery Systems Market Size Is Poised To Reach USD 434.2 Million By 2028: Grand View Research Inc.

San Francisco, 17 Nov 2021: The Report Inhaled Nitric Oxide Delivery Systems Market Size, Share & Trends Analysis Report By Type (Pediatric, Adult), By Application (HRF, AHRF), By Product (Disposables, Systems), By End User, And Segment Forecasts, 2021 – 2028

The global inhaled nitric oxide delivery systems market size is estimated to reach USD 434.2 million by 2028 registering a CAGR of 6.9%, according to a new report by Grand View Research, Inc. A rise in the cases of respiratory failure among neonates, increased pollution levels leading to lung diseases in adults, need for quick treatment response, and reduced complications are the factors driving the adoption of inhaled nitric oxide therapy. The presence of several small-scale manufacturers and research initiatives undertaken by major players to prove treatment efficacy against the SARS-CoV-2 virus further enhances market growth.

Safe and effective treatment regimen, a rapid offset of action, reduced toxicity, high concentration of drug at the target organ, avoidance of systemic adverse reaction, and reduced dose of medication are some of the advantages of INO over other medications. This leads to the improved adoption of INO, potentially driving the market growth. Market leaders like Mallinckrodt Pharmaceuticals are providing fundings to conduct clinical trials of INO therapy to treat complications in COVID-19 patients. Such initiatives are said to boost the market growth during the forecasted period.

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Inhaled Nitric Oxide Delivery Systems Market Report Highlights

• The pediatric type segment accounted for the largest revenue share in 2020 due to the rising usage of INO therapy on account of its efficacy and reduced complications
• The Hypoxic Respiratory Failure (HRF) application segment held the largest revenue share in 2020
• Hospitals was the largest revenue-generating segment in 2020 owing to the presence of funds and well-established infrastructure in this end-user setting
• Asia Pacific was the largest regional market in 2020 due to the growing pediatric population, rise in the cases of respiratory diseases, and presence of local manufacturers of disposables
• Some of the prominent companies are Mallinckrodt Pharmaceuticals, Getinge, Vero Biotech, LINDE, Beyond Air, SLE, Nu-MED, Bellerophon Therapeutics, Air Liquide Healthcare, and Circassia Pharmaceuticals

List of Key Players of Inhaled Nitric Oxide Delivery Systems Market

• Mallinckrodt Pharmaceuticals
• Getinge
• Vero Biotech
• LINDE
• Beyond Air
• SLE
• NU MED
• Bellerophon Therapeutics
• Air Liquide Healthcare
• Circassia Pharmaceuticals

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Microneedle Drug Delivery Systems Market Expected To Witness A Substantial Growth Of USD 8.10 Billion By 2028: Grand View Research Inc.

San Francisco, 17 Nov 2021: The Report Microneedle Drug Delivery Systems Market Size, Share & Trends Analysis Report By Type (Hollow, Dissolving, Solid, Coated), By Material (Metal, Silicon, Polymer), By Application, By Region, And Segment Forecasts, 2021 – 2028

The global microneedle drug delivery systems market size is expected to reach USD 8.10 billion by 2028, according to a new report by Grand View Research Inc. The market is expected to expand at a CAGR of 5.3% from 2021 to 2028. The growing demand for safer alternatives to the conventional hypodermic injection and increasing awareness regarding minimally invasive and pain-free administration of drugs are expected to boost the market growth. Furthermore, the increasing cases of diabetes are expected to boost the market growth. For instance, according to the International Diabetes Federation (IDF), the number of diabetics has already reached 463 million and is predicted to rise in the next 10 years.

Drug delivery via microneedles is one of the most efficient procedures compared to traditional hypodermic injections. Microneedles are a self-administering platform for transdermal medication delivery that has a high drug bioavailability. The microneedle design and drug formulation can control the dose, delivery rate, and efficacy of the medications. Microneedle also helps reduce or eliminate biohazardous sharps waste. In the coming years, microneedles are expected to have a greater impact on clinical care.

Microneedles are still under development and use a variety of drugs in clinical trials. The majority of studies have shown that this technique produces positive effects. This approach has the potential to be used for therapeutic purposes in a variety of fields. For instance, Carnegie Mellon University is developing a COVID-19 vaccination injection method employing 3D printed hybrid microneedle arrays (Hybrid-MNA). The Hybrid-MNA approach not only allows for lower doses but is also painless and has the potential to be self-administered. These technologies are predicted to enable the production of microneedles at a cheaper cost. Microneedles have a wide range of applications, including vaccine administration, hormonal delivery, cancer therapy, pain management, and cosmetics.

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Microneedle Drug Delivery Systems Market Report Highlights

• The hollow type segment accounted for the largest revenue share in 2020 as they are considered ideal for the use of vaccine and hormonal therapy patients
• The dissolving type segment is expected to grow at the fastest rate during the forecast period as it only requires one step and the microneedle needs not to be removed after insertion
• The metal material segment accounted for the largest revenue share in 2020. Stainless steel and titanium are the most frequently employed metals
• By application, the drug delivery segment dominated the market in 2020. The vaccine delivery segment is expected to register the fastest growth rate during the forecast period due to the increased awareness regarding vaccination among the population
• Asia Pacific is anticipated to expand at the fastest CAGR over the forecast period due to the presence of untapped opportunities in the emerging economies, such as China and India

List of Key Players of Microneedle Drug Delivery Systems Market

• Raphas
• Novartis International AG
• Becton Dickinson and Company
• Braun
• Nanopass Technologies Limited
• Termo
• Smiths Medical
• Cardinal Health
• 3M

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Veterinary Dermatology Drugs Market Size Is Expected To Reach USD 14.6 Billion By 2028: Grand View Research Inc.

San Francisco, 17 Nov 2021: The Report Veterinary Dermatology Drugs Market Size, Share & Trends Analysis Report By Animal Type (Companion, Livestock), By Route Of Administration, By Indication, By Distribution Channel, By Region, And Segment Forecasts, 2021 – 2028

The global veterinary dermatology drugs market size is anticipated to reach USD 14.6 billion by 2028, according to a new report by Grand View Research. The market is expected to expand at a CAGR of 9.3% from 2021 to 2028. Increasing incidences of dermatology diseases such as fleas and ticks and allergic dermatitis are expected to boost the market growth. Furthermore, a growing number of clinical trials related to veterinary dermatology drugs is also anticipated to fuel market growth.

Due to the COVID-19 pandemic, some market players such as experience no negative impact. For instance, Elanco experienced a growth of 6.6% in its annual revenue. Also, Vetoquinol and Zoetis reported a growth of 8% and 6.6% in their annual revenue, respectively. On the other hand, Virbac reported a decline of 0.4% in its total revenue and a 6.9% decline in its companion animal parasiticides and dermatology segment as well as bovine parasiticides segment. This neutralized the impact of COVID-19 on the market.

Growth in the companion animal population is expected to increase the demand for veterinary healthcare products, such as dermatology drugs, and boost the overall expenditure on pets. According to the American Pet Products Association report, overall spending in the U.S. pet industry was USD 95.7 Billion in 2019 and forecast to reach approximately USD 99 Billion in 2020. Veterinary care spending increased by 560% between 1994 and 2019.

The market for veterinary dermatology drugs is fairly competitive. The most notable participants in the market are Zoetis, Virbac, and Elanco, along with other manufacturers. These players are involved in new product launches, acquisitions, and partnerships to gain a competitive edge over each other. For instance, in March 2021, Virbac obtained the rights to certain early-stage parasiticides products from Elanco, hence expanding its product portfolio. Also, in February 2021, Vetoquinol acquired the rights from Elanco for the Profender product family comprising of topical dewormer products, for the market in Canada. This expanded its geographical presence.

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Veterinary Dermatology Drugs Market Report Highlights

• The companion animal segment held the dominant share of more than 70.0% in the animal type segment as of 2020 owing to the high pet ownership rate
• The oral segment held the largest market share of the route of administration segment as of 2020, accounting for more than 37.0% of the revenue share, owing to its easy availability
• The parasitic infections segment held the largest market share of the indication segment as of 2020, owing to a high prevalence of parasitic infections
• The hospital pharmacies segment held the largest market share of 42.4% in 2020 in the distribution channel segment
• In 2020, North America held the dominant share of the market owing to the increasing pet care expenditure
• In Asia Pacific, the market is expected to show lucrative growth over the forecast period owing to the growing demand for veterinary dermatology drugs in the region

List of Key Players of Veterinary Dermatology Drugs Market

• Elanco
• Vetoquinol S.A.
• Ceva
• Merck & Co., Inc.
• Zoetis
• Virbac
• Bimeda, Inc.
• Vivaldis
• Bioiberica S.A.U
• Indian Immunologicals Ltd.

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Virtual Production Market is Predicted to Observe a Tremendous Growth, With a CAGR of 16.7% From 2021 To 2028: Grand View Research Inc.

San Francisco, 16 Nov 2021: The Report Virtual Production Market Size, Share & Trends Analysis Report By Component (Hardware, Software, Services), By Type, By End User (Movie, TV Series, Commercial Ads, Online Videos), By Region, And Segment Forecasts, 2021 – 2028

The global virtual production market size is expected to reach USD 4.71 billion by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 16.7% from 2021 to 2028. The rising popularity of virtual production in the media and entertainment industry, combined with its capabilities to create high definition visuals and real-time virtual environments, is the key factor propelling the growth of the market.

The technology enables filmmakers to reduce the demand for on-set production teams and crew members by integrating virtual background environments with live-action footage. This allows for a significant reduction in video production costs. Furthermore, technological advancements in virtual production help broadcasters improve their operational efficiency with the least physical presence of technicians in the broadcasting room. For instance, in March 2020, Sky Sports implemented a virtual production suite, which has enabled its teams to create content and stream it remotely. The suite connected 48 virtual workstations and an equal number of direct-to-workstation connections for remote editing, simultaneous live programming, and the distribution of live clippings directly on social media platforms. Although virtual production can produce a film with better visuals and low production costs, it also poses some challenges, especially arising from the lack of training and experience among industry professionals.

With the advent of artificial intelligence, virtual production technology has witnessed significant improvements in the quality of its computer-generated graphics. Design and visualization of all complex scenes in a three-dimensional model have also become convenient, which can be further edited and reviewed in a real-time environment. The technology is positively impacting the market by reducing the burden of transportation and logistics costs of crew members and equipment. It enables filmmakers to capture on-set live-action scenes through simul-cams or virtual cameras and seamlessly merge computer-generated 3D graphic elements with the film’s live shooting footage to conclude with the final visual effects.

Artificial intelligence facilitates pre-production support that helps to accelerate video production work. In the previous decade, pre-production works heavily relied on unstructured box office data and limited demographic information related to viewers, leading to the development of less engaging video content. However, now artificial intelligence can generate insights from large data sets collected from various platforms to understand the proposed content’s acceptance and interest. For example, Netflix creates video content based on accurate, personalized recommendations, and observations of its users’ behavior, such as surfing history, interest, and data action like pausing or rewinding videos. The company has invested USD 15 billion to create a dedicated database to develop original content based on its platform’s collected data. Artificial intelligence technology can also help understand scripts and screenplays to recognize the locations described in them and suggest real-world locations where directors can imagine and create realistic computer graphic imagery locations.

The growing implementation of virtual production in the gaming industry is also working well for the market. Factors such as leveraging a three-dimensional environment increased the focus of companies on developing compact and comfortable virtual gaming devices, and constant technological innovation on virtual production platforms, such as 3D audio, untethered virtual reality headsets, and cloud scalability, are expected to drive market growth across gaming application. Furthermore, the introduction of immersive experience allows for 360° views of graphic content and a new level of gaming interaction, enabling players to control and modify the gaming environment through their senses. Hence the increased application of virtual production technology in games is expected to propel the growth of the market.

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Virtual Production Market Report Highlights

• In terms of end-user, the movie segment is expected to contribute a significant amount of revenue to the market over the forecast period. The growth can be attributed to the rising demand for visual effects and a three-dimensional model in movies
• In terms of component, the software segment is expected to grow at a significant CAGR owing to the inclusion of artificial intelligence. The inclusion is expected to improve the performance of animation and graphics quality
• The key players in the market are 360Rize; Adobe; Arashi Vision Inc. (Insta 360); Autodesk Inc.; BORIS FX, INC; Epic Games, Inc.; HumanEyes Technologies; Mo-Sys Engineering Ltd.; NVIDIA Corporation.; Panocam3d.com; Pixar (The Walt Disney Company); Side Effects Software Inc (SideFX); Technicolor; and Vicon Motion Systems Ltd

List of Key Players of the Virtual Production Market

• 360Rize
• Adobe
• Arashi Vision Inc. ( Insta 360)
• Autodesk Inc.
• BORIS FX, INC
• Epic Games, Inc.
• HTC Corporation (VivePort)
• HumanEyes Technologies
• Mo-Sys Engineering Ltd.
• NVIDIA Corporation.
• com
• Pixar (The Walt Disney Company)
• Side Effects Software Inc (SideFX)
• Technicolor
• Vicon Motion Systems Ltd

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Indoor Farming Market Size Is Poised To Reach USD 75.3 Billion By 2028: Grand View Research Inc.

San Francisco, 16 Nov 2021: The Report Indoor Farming Market Size, Share & Trends Analysis Report By Facility Type (Greenhouses, Vertical Farms), By Component (Hardware, Software), By Crop Category, By Region, And Segment Forecasts, 2021 – 2028

The global indoor farming market size is estimated to reach USD 75.3 billion by 2028, exhibiting a CAGR of 10.9% from 2021 to 2028, according to the new report conducted by Grand View Research, Inc. The increasing demand for food owing to the rising population is expected to drive the growth. Factors such as declining water supply, urbanization, and climate change have contributed to the loss of arable land. This in turn is driving demand for indoor farms to produce food. The challenges, such as rising global temperature and extreme weather conditions, act as a barrier in the traditional farming technique. The European Environment Agency (EEA) has carried out several initiatives to build vertical farms to overcome these challenges and produce food in an environment-friendly way.

Indoor farming increases the crop yield and reduces the farming impact on the environment by reducing the distance traveled in the supply chain. It reduces the need for the land space required to grow plants compared to traditional farming methods by using growing shelves mounted vertically. Rising consumer awareness regarding the consumption of healthy and fresh food is anticipated to positively influence the growth of the market for indoor farming over the forecast period. Furthermore, the use of technology, such as LED indoor farming to create nature-like conditions will help farmers meet the expected demand for food supply in near future.

Europe dominated the market in 2020 and is anticipated to remain dominant over the coming years, owing to the continuous adoption of advanced technologies such as LED lighting, controlled environment agriculture. Asia Pacific is expected to exhibit the fastest CAGR from 2021 to 2028, owing to the increasing indoor farms in countries such as China and Japan. Increasing adoption of greenhouses and vertical farms is projected to bode well for regional growth. In addition, the rising demand for pesticide-free, fresh vegetables and fruits is expected to fuel the regional market growth.

Access Research Report of Indoor Farming Market @ https://www.grandviewresearch.com/industry-analysis/indoor-farming-market

Indoor Farming Market Report Highlights

• The greenhouses segment dominated the market in terms of revenue in 2020 as these facilities produce higher yields. Greenhouses offer a stable and highly controlled environment for the cultivation of flowers, vegetables, and fruits
• The fruits, vegetables, and herbs segment is estimated to register the fastest CAGR over the forecast period, owing to the increasing food consumption along with growing consumer awareness regarding the importance of healthy eating, especially in regions such as Europe and Asia Pacific
• The climate control systems segment is projected to expand at the highest CAGR during the forecast period, as the crop development can be controlled by adjusting and monitoring the concentration of minerals
• Some of the key players operating in the market include LumiGrow (U.S.), Illumitex (U.S.), Hydrodynamics International (U.S.), and Agrilution (Germany)

List of Key Players of Indoor Farming Market

• Argus Control Systems Ltd.
• Certhon
• General Hydroponics
• Hydrodynamics International
• Illumitex
• Lumigrow

Access Press Release of Indoor Farming Market @ https://www.grandviewresearch.com/press-release/global-indoor-farming-market