Unidirectional Tapes Market Latest Report By Product, Fiber, End-Use, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 3 April 2024: The Report Unidirectional Tapes Market Size, Share & Trends Analysis Report By Product (Thermoplastic, Thermoset), By Fiber (Carbon, Glass, Other Fiber), By End-use (Aerospace & Defense, Automotive), By Region, And Segment Forecasts, 2024 – 2030

The global unidirectional tapes market size is anticipated to reach USD 793.6 million by 2030 and is anticipated to expand at a CAGR of 16.3% during the forecast period, according to a new report by Grand View Research, Inc. The demand for unidirectional tapes (UD Tapes) is expected to be driven by growth in emphasis by aircraft manufacturing companies towards the development of lightweight aircraft with increased fuel efficiency by substituting metal parts with composite materials. This also helps to reduce the maintenance cost of airplanes by eradicating problems like rusting of the outer body.

High emphasis by electric vehicle manufacturing companies towards increasing the range of vehicles is expected to propel the demand for unidirectional tapes, for improving battery utilization efficiency of the vehicles. Furthermore, initiatives by governments across several countries towards increasing the usage of electric vehicles by providing subsidies for production and sale are expected to create new growth opportunities in the market.

The growing demand for unidirectional tapes in several industries including aerospace, automotive, medical, construction, and sports & leisure has led to the adoption of several new technologies over the past few years to increase production rate and high efficiency. Some of the major technologies used in present times include automated tape laying (ATL), advanced fiber placement (AFP), and spread-tow technology.

Metals such as aluminum and steel are among the most widely used materials in the global automotive and aerospace manufacturing industry due to their high structural strength, high dimensional stability, and abundance availability. However, growing emphasis by automotive and aerospace companies on the production of lightweight cars and aircraft with better fuel efficiency is expected to create demand for woven textiles and composite materials such as unidirectional tapes.

Usage of composites such as unidirectional tapes is expanding rapidly in industries such as aerospace and automotive as substitutes for metals due to less weight. The product adoption is still limited in the market, due to its high initial cost as compared to metals and widespread usage of metals in cars over the historic period. Thus, number of buyers in the present is less as compared to product manufacturers, thus leading to high bargaining power of buyers.

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Unidirectional Tapes Market Report Highlights

• Based on product, unidirectional tapes are segmented into thermoplastic UD tapes and thermoset UD tapes. Thermoplastic UD tapes led the market in 2023 with a revenue share of 72.2%. The product offers flexibility, durability, and exceptional strength for autoclave manufacturing processes, in-situ consolidation, and press molding. In addition, these tapes have high chemical and fire resistance, which makes them suitable for applications such as rockets, model boats, launch vehicles, and Formula 1 racing cars
• Carbon fibers dominated the market with a volume share of 69.1% in 2023 as it is used in chassis & door panels of automotive vehicles, reinforcements inserted in protective equipment including helmets and vests, containers & winding pipes in other utility services. Furthermore, carbon fiber is primarily 15% lighter than glass fiber, 40% lighter than aluminum, and approximately 70% lighter than steel, which makes it a very light, strong, and rigid reinforced material
• Glass fiber was fastest-growing fiber in 2023, with a CAGR of 16.8%. Glass fibers are used to make structural composites as well as a wide range of specialty items such as frame and mold connecting sections for watercraft, airplanes, unmanned aerial vehicles, and rockets. When compared to steel wires of the same diameter, glass fiber has a higher tensile strength and a lower weight, making it an ideal choice for the production of unidirectional tapes
• Aerospace & defense industry accounted for the largest share of market in 2023 and is further expected to grow at a CAGR of 16.8% over the forecast period. One of the major factors that are propelling the market growth in aerospace applications is that structures and components made with UD tapes take less time to produce. As a result, it decreases the production time to manufacture structural components of an aircraft including aircraft seat frames, business jet wings, and sandwich panels for light aircraft
• North America dominated the market accounting for a revenue of USD 108.7 million in 2023. Robust aerospace and automobile manufacturing industries in the region coupled with growing demand for lightweight vehicles are expected to increase the demand for unidirectional tapes over the forecast period
• The market consists of key players such as Evonik Industries AG, BASF SE, SABIC, and Solvay. S.A., Hexcel Corporation, Toray Industries, Inc., and Teijin Ltd.  A majority of players are involved in new product launches, acquisitions, and procuring government contracts to gain a competitive edge over their competitors, which in turn is expected to increase the player’s market positioning in the overall market during the forecast period.

Unidirectional Tapes Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 320.3 million
Revenue forecast in 2030	USD 793.6 million
Growth Rate	CAGR of 16.3% from 2024 to 2030
Base year for estimation	2023
Historical data	2018 – 2022
Forecast period	2024 – 2030

List of Key Players in Unidirectional Tapes Market

• Evonik Industries AG
• SABIC
• S.A.
• Hexcel Corporation
• Toray Industries, Inc.
• SGL Group
• Teijin Ltd.
• BASF SE
• Celanese Corporation
• Victrex plc.
• Cristex Composite Materials
• Eurocarbon B.V.
• Plastic Reinforcement Fabrics Ltd.
• TCR Composites, Inc.
• Barrday Inc.

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Caprylyl Glycol Market Outlook By End-Use, Region And Forecast Till 2030 : Grand View Research Inc.

San Francisco, 3 April 2024: The Report Caprylyl Glycol Market Size, Share & Trends Analysis Report By End-use (Personal Care & Cosmetics, Chemical Intermediate), By Region (North America, Europe, Asia Pacific, Central & South America, MEA), And Segment Forecasts, 2024 – 2030

The global caprylyl glycol market size is expected to reach USD 2.42 billion by 2030 and is anticipated to register a CAGR of 6.5% from 2024 to 2030, as per the new report by Grand View Research, Inc. The growth can be attributed to its extensive usage as a conditioning agent, preservative, and moisturizer in cosmetics & personal care, chemicals, and other industries.

Increasing demand for natural beauty products is one of the key drivers of increasing consumption of market. Consumers are becoming more conscious of the potential risks associated with synthetic ingredients commonly used in conventional cosmetics. They are seeking products that are free from harmful chemicals, parabens, sulfates, and other potentially toxic substances. Natural and organic cosmetics, which are formulated with organic non-toxic ingredients are free from synthetic additives, are perceived as safer and more environmentally friendly alternatives.

The personal care & cosmetics industry is experiencing significant growth, which further contributes to the rising demand for natural and organic cosmetics. As consumers become more aware of the importance of self-care and grooming, the demand for a wide range of beauty and personal care products continues to increase. This includes skin & hair care, makeup, and other cosmetics items. This expansion of the beauty and personal care industry, coupled with the growing demand for natural and organic cosmetics, creates a favorable market environment for products.

It can be used to produce innovative formulations that address specific skincare concerns, such as anti-aging, hydration, or acne treatment. By combining caprylyl glycol with other active ingredients, companies can manufacture formulations that deliver multiple benefits to consumers. Caprylyl glycol’s compatibility with surfactants and its ability to form films on surfaces make it suitable for various industrial applications. Companies can explore the development of innovative formulations in areas such as textiles, plastics, and resins.

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Caprylyl Glycol Market Report Highlights

• The personal care & cosmetics segment is expected to witness the fastest CAGR of 6.4% during the forecast period due to extensive usage of the market as a conditioning agent, preservative, and moisturizer in the process of manufacturing
• The Asia Pacific region witnessed the fastest CAGR of nearly 6.5%. The market is growing due to factors such as strong economic development coupled with the presence of large end-user industries in the region
• The increasing influence of Western beauty standards, coupled with the desire for self-expression and enhanced appearance, has fueled the demand for a wide range of cosmetic products, thus aiding the market growth
• Some derivatives of products, such as polyoxymethylene sorbitan esters (polysorbates) and polyethylene glycol, are permitted as food additives in various food products. They may be used as emulsifiers, stabilizers, or texture enhancers
• The usage of markets is governed by regulatory bodies such as the European Protection Agency (EPA), European Union (EU), and International Organization for Standardization (ISO) in their respective countries

Caprylyl Glycol Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 1.66 billion
Revenue forecast in 2030	USD 2.42 billion
Growth rate	CAGR of 6.5% from 2024 to 2030
Base year for estimation	2023
Historical data	2018 – 2022
Forecast period	2024 – 2030

List of Key Players in Caprylyl Glycol Market

• Ashland
• BASF SE
• Symrise
• Inolex, Inc.
• Lonza Group Ltd.
• Evonik Industries AG
• Dow
• Clariant AG
• Lotioncrafter
• Thor Personal Care

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Physical Vapor Deposition Market Scope By Product, Application, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 2 April 2024: The Report Physical Vapor Deposition Market Size, Share & Trends Analysis Report By Product (Sputter Deposition, Thermal Evaporation), By Application (Solar Products, Cutting Tools), By Region, And Segment Forecasts, 2024 – 2030

The global physical vapor deposition market size is expected to reach USD 4,997.3 million by 2030, registering a CAGR of 7.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rapid growth in the semiconductor & electronics industry, coupled with rising demand for physical vapor deposition (PVD) in the medical sector, is expected to propel market growth. According to Semiconductor Industry Association 2023 report, the sale of semiconductors increased from USD 9.54 billion in May 2023 to USD 9.94 in June 2023 in the Americas, whereas the sale of semiconductors in Europe increased from USD 4.67 billion in May 2023 to USD 4.68 billion in June 2023, which shows an increase of 4.2% and 0.1%, respectively.

As per the World Semiconductor Trade Statistics (WSTS) and Semiconductor Industry Association, 2023, Asia Pacific dominated the regional semiconductor market with 61.7% in 2022, whereas Japan held 7.9% of the global semiconductor market. Physical Vapor Deposition (PVD) is a widely used technique in the semiconductor industry for thin film deposition. PVD involves the deposition of a thin film of material onto a substrate through the physical processes of evaporation or sputtering. This technique is essential in the production of semiconductor devices, as it allows for the precise deposition of thin films with specific properties. These factors are anticipated to propel product demand in the coming years. Europe is one of the major markets for medical equipment in the world and accounts for a significant share of the global demand for medical equipment.

The growth in demand for medical devices in countries, such as Germany, Italy, the UK, and France, is, in turn, expected to drive industry growth. Moreover, robust medical infrastructure, coupled with the presence of large pharmaceutical multinationals, is likely to spur the demand for medical devices in Europe. PVD is one of the most appropriate technologies for providing a wear-resistant, hard coating on medical devices and surgical instruments. Surgical tool ranges from traditional scalpels, and saws to horning tools; motorized drills, and retractors are coated with titanium nitride and aluminum titanium nitride to improve the sharpness and durability of the tools. Dental and orthopedic implants, biomaterials, and Bio-MEMS make use of thin-film coatings to improve the product performance. These factors are expected to propel product demand.

Access Research Report of Physical Vapor Deposition Market @ https://www.grandviewresearch.com/industry-analysis/physical-vapor-deposition-pvd-market

Physical Vapor Deposition Market Report Highlights

• The sputter deposition segment accounted for a revenue share of 47.6% in 2023. Sputtering can be used for the deposition of various metallic films on wafers, including aluminum, gold, platinum, aluminum alloys, and tungsten, among others
• Arc vapor deposition achieves high deposition rates, making it a rapid and efficient process for coating substrates with thin films. This is beneficial for industries where high throughput and productivity are essential
• PVD plays a crucial role in the semiconductor & electronics industry by providing a precise and controlled method for depositing thin films on semiconductor wafers and electronic components. In semiconductor manufacturing, PVD is extensively utilized to deposit metal films for interconnects, barrier layers to prevent material diffusion, and dielectric coatings for insulation; in addition, enhancing their performance, durability, and conductivity
• PVD is instrumental in the solar industry for enhancing the performance and durability of various solar products. Thin-film solar cells, a key component in solar panels, benefit from PVD processes, such as sputtering, to deposit semiconductor layers with precise thickness and composition
• Asia Pacific dominated the global industry in 2023 owing to the extensive manufacturing of automotive and auto components, semiconductor & electronic products, and solar cellsin this region. Moreover, rapid industrialization and increasing investments are likely to fuel market growth
• In June 2023, Oerlikon Balzers entered into a ten-year agreement with ITP Aero to utilize Oerlikon’s innovative wear-resistant coating, BALORA TECH PRO, for the PW800 turbofan engine components, which are integral to the propulsion systems of the newly launched Dassault Falcon 6X business jets and Gulfstream G500/G600

Physical Vapor Deposition Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 3,213.8 million
Revenue forecast in 2030	USD 4,997.3 million
Growth rate	CAGR of 7.6% from 2024 to 2030
Base year for estimation	2023
Historical data	2018 – 2023
Forecast period	2024 – 2030

List of Key Players of Physical Vapor Deposition Market

• Oerlikon Group
• Angstrom Engineering Inc.
• Kurt J. Lesker Company
• Voestalpine AG
• NISSIN ELECTRIC Co., Ltd
• IHI Corporation
• HEF Groupe
• Kobe Steel Ltd.
• Lafer S.p.A.
• Inorcoat
• KOLZER SRL
• Advanced Coating Service
• Impact Coatings AB
• Denton Vacuum
• Intevac, Inc.

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U.S. Cancer Contrast Media Market Outlook By Type, Modality, Application And Forecast Till 2030 : Grand View Research Inc.

San Francisco, 2 April 2024: The Report U.S. Cancer Contrast Media Market Size, Share & Trends Analysis Report By Type (Gadolinium-based Contrast Media, Iodinated Contrast Media), By Modality (Nuclear Imaging, CT scans), By Application (Breast Cancer, Lung Cancer), And Segment Forecasts, 2024 – 2030

The U.S. cancer contrast media market is anticipated to reach USD 1.53 billion by 2030 and is anticipated to expand at a CAGR of 11.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing collaboration and partnerships among key market players, coupled with growing government and private sector R&D investments, alongside the integration of AI in diagnostic imaging enhance the capabilities of contrast media. Thus, these factors collectively propel the growth of U.S. cancer contrast media market.

Introducing new products can ignite positive competition among manufacturers, fostering innovation, lowering prices, and ultimately enhancing choices for both patients and healthcare providers. The potential for expanding the overall market depends upon the manufacturing of novel contrast agents that offer heightened safety, enhanced target specificity, or distinctive imaging properties. This opens up new pathways for both diagnosis and treatment. For instance, in April 2023 , GE Healthcare has broadened its range of contrast media by introducing two premier macrocyclic molecules, namely Clariscan (gadoteric acid) and Pixxoscan (gadobutrol), to its customer base for MRI agents. The industry key players are involved in enhancing R&D by introducing novel products to the market by expanding their product portfolio, which drives market growth.

Moreover, increased funding in healthcare budgets often facilitates public health initiatives promoting early cancer detection and enhanced accessibility to advanced diagnostic tools. These initiatives enhance awareness of the importance of contrast-enhanced imaging, consequently fueling demand for corresponding contrast media. The growth in healthcare budgets attracts new players and motivates existing stakeholders to compete in the market. This dynamic stimulates innovation, fosters price competitiveness, and ultimately leads to a broader range of options for both healthcare providers and patients. Such initiatives create a lucrative opportunity for market expansion.

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U.S. Cancer Contrast Media Market Report Highlights

• Iodinated contrast media dominated the type segment with a share of 39.5% in 2023 owing to the increasing medical imaging procedures.
• The radioactive agents segment is expected to grow at the fastest CAGR over the forecast period.
• The nuclear imaging segment held the largest market share of 38.2% in 2023 and is anticipated to witness fastest growth over the forecast period owing to its ability to provide detailed and accurate images of internal structures and functions within the body which allows healthcare professionals for precise diagnosis.
• Sedentary lifestyle, increasing incidences of smoking and rising air pollution are contributing to the growing prevalence of cancer cases in U.S.

U.S. Cancer Contrast Media Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 787.38 million
Revenue forecast in 2030	USD 1.53 billion
Growth Rate	CAGR of 11.7% from 2024 to 2030
Base year for estimation	2023
Historical data	2018 – 2022
Forecast period	2024 – 2030

List of Key Players in the U.S. Cancer Contrast Media Market

• Bayer AG
• Bracco
• Guerbet
• Trivitron Healthcare
• Lantheus
• Cardinal Health
• Telix Pharmaceuticals Limited
• GE HealthCare
• Nano Therapeutics Pvt. Ltd.
• IMAX Diagnostic Imaging

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Artificial Intelligence In Banking Market Latest Trends On The Basis of Component, Application, Technology, Enterprise Size, Region And Forecast to 2030: Grand View Research Inc.

San Francisco, 1 April 2024: The Report Artificial Intelligence In Banking Market Size, Share & Trends Analysis Report By Component (Service, Solution), By Application (Risk Management, Customer Service), By Technology, By Enterprise Size, By Region, And Segment Forecasts, 2024 – 2030

The global artificial intelligence in banking market size is expected to reach USD 143.56 billion by 2030, growing at a CAGR of 31.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. AI’s integration in banking offers personalized financial guidance, customized product suggestions, and customized services based on individual behaviors and preferences. By analyzing extensive data sets, AI enables banks to understand customers on a deeper level, enhancing the overall experience. This technology optimizes risk assessment, drives operational efficiency, strengthens security measures against fraud, and empowers data-driven decision-making, ultimately propelling the banking market forward through improved customer satisfaction, cost savings, and innovative service offerings.

Technological advancements serve as the engine propelling the banking market into new frontiers. Innovations such as artificial intelligence, machine learning, blockchain, and advanced analytics redefine traditional banking paradigms. Machine learning refines algorithms, enhancing accuracy in decision-making and customer service. Blockchain ensures secure, transparent, and efficient transactions. Moreover, mobile banking, contactless payments, and biometric authentication optimize convenience and accessibility. These advancements streamline operations, reduce costs, and also strengthen a more inclusive banking environment, satisfying diverse customer needs. As technology evolves, it continually transforms the banking landscape, driving efficiency, security, and customer-centricity.

Digital transformation in banking transcends mere technology adoption; it’s a holistic transformation of the banking ecosystem towards agility, customer-centricity, and technological prowess. Its core objective is aligning with evolving customer needs enhancing operational efficiency and fortifying security standards. For instance, in June 2023, Infosys Limited signed a deal with Danske Bank, a Danish multinational banking and financial services corporation, to expedite its digital transformation endeavors and generate increased value for its customers through artificial intelligence (AI). The company has entered a five-year agreement valued at $454 million, with the option for renewal for an additional year, up to three times.

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Artificial Intelligence In Banking Market Report Highlights

• The Risk Management segment is dominated the market with a significant market share in 2023. Effective risk management systems help prevent financial losses due to market fluctuations, credit defaults, operational failures, or cyber threats. This motivates financial institutions to invest significantly in robust risk management infrastructure
• The Natural Language Processing (NLP) segment has seized a substantial market share, asserting dominance in the industry as of 2023. NLP algorithms process vast amounts of financial news, reports, and social media data to predict market trends and sentiment analysis for investment decisions
• Banks in North America have access to vast amounts of consumer data, providing a rich source for AI algorithms to analyze and derive insights. This data abundance fuels the development of robust AI models for various banking applications
• The large Enterprise segment is dominated the market with a significant market share in 2023. Having extensive and diverse datasets enables large enterprises to train more accurate and sophisticated AI models. These models can better understand customer behaviors, predict trends, identify potential risks, and offer personalized services.
• Customers increasingly prefer digital and self-service options. AI-powered assistants fulfill this need, encouraging the adoption of technological advancements and positioning banks as innovative and customer-centric institutions
• The integration of AI-driven personalized recommendations and services in banking fundamentally transforms customer relationships, propelling market growth. Using individual spending behaviors, investment tendencies, and financial objectives, banks create customized solutions that perfectly match each customer’s preferences and requirements

AI In Banking Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 27.36 billion
Revenue forecast in 2030	USD 143.56 billion
Growth rate	CAGR of 31.8% from 2024 to 2030
Base year for estimation	2023
Historical data	2017 – 2022
Forecast period	2024 – 2030

List of Key Players in the Artificial Intelligence In Banking Market

• Amazon Web Services, Inc.
• Capital One
• Cisco Systems, Inc.
• FAIR ISAAC CORPORATION (FICO)
• Goldman Sachs
• International Business Machines Corporation
• JPMorgan Chase & Co.
• NVIDIA Corporation
• RapidMiner
• SAP SE

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Software Defined Radio Market Is Expected To Reach $ 49.13 Billion By 2030: Grand View Research Inc.

San Francisco, 1 April 2024: The Report Software Defined Radio Market Size, Share & Trends Analysis Report By Type (General Purpose Radio, TETRA), By Component, By Frequency Band, By Platform, By End-use, By Region, And Segment Forecasts, 2023 – 2030

The global software defined radio market size is expected to reach USD 49.13 billion by 2030, registering a CAGR of 8.6% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is undergoing substantial growth primarily owing to its inherent advantages in flexibility and adaptability. The ability to reconfigure radio functionality through software updates rather than hardware modifications makes software defined radio (SDR) highly attractive in dynamic industries, including telecommunications and defense. The surge in demand for advanced wireless communication systems, coupled with the increasing prevalence of 5G technology, contributes significantly to market’s expansion.

The escalating demand for software defined radio across diverse industries underwent a paradigm shift in wireless communication technologies. The software defined radio’s adaptability and versatility have positioned it as a key enabler in meeting the evolving requirements of these sectors. In defense applications, software defined radio plays a pivotal role in ensuring secure, dependable, and interoperable communication. The dynamic nature of modern warfare demands flexible communication systems that can quickly adapt to changing conditions. The software defined radio’s capability to reconfigure and upgrade software functionalities without requiring hardware modifications aligns perfectly with the defense sector’s need for rapid, agile communication solutions. This not only enhances operational efficiency but also provides a strategic edge in the increasingly complex and unpredictable defense.

The adoption of digital radio has ushered in a new era of advanced capabilities, prominently characterized by increased efficiency and cost-effectiveness across various industries. This transformation is particularly noteworthy in comparison to traditional analog radio systems, showcasing a paradigm shift in communication technology. Digital radio excels in efficiency owing to its ability to transmit and receive signals with greater clarity and reliability. Unlike analog signals, which are susceptible to interference and signal degradation, digital radio utilizes advanced modulation techniques that enhance the quality of communication. This translates into improved voice clarity, reduced noise, and an overall enhanced user experience. Moreover, digital radio systems are inherently more spectrally efficient than their analog counterparts. The utilization of digital modulation schemes allows for the transmission of a higher volume of information within the same bandwidth. This increased spectral efficiency is pivotal in addressing the growing demand for wireless communication, enabling more users and devices to operate without compromising performance.

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Software Defined Radio Market Report Highlights

• The general-purpose radio segment is expected to witness substantial CAGR over the forecast period. This flexibility is particularly valuable in applications where multiple communication standards need to be supported
• The hardware segment is further categorized as Antenna, Transmitter, Receivers, among others. This growth is attributed owing to the convergence of analog and digital technologies on a single chip, a development that significantly influences the reduction in both weight and size
• High-frequency software defined radio are equipped with IP networks for tactical communication. IP systems offer advantages, including lower transaction costs and better end-use experience, which provide a significant boost in demand for next-generation IP systems with integrated software defined radio systems
• The increasing number of space projects in the communication sector and the growing utilization of software defined radio (SDR) technology have been the driving forces behind the development of the new space communications architecture
• The flexibility of software defined radio technology enables the integration of multiple communication standards and protocols onto a unified platform, enabling the development and deployment of telecommunication systems. The telecommunications industry is constantly evolving with new standards and technologies emerging frequently
• The defense sector in North America has incorporated software-defined radio systems extensively, which are driven by research initiatives and efforts to unify communication systems within state and federal agencies. This adoption is particularly prominent owing to the versatile nature of software-defined radio, facilitating seamless integration and interoperability across various defense applications
• In November 2023, Anaren Inc., announced the opening of a new manufacturing facility in New York State. The project reflects their support for fostering a microelectronics ecosystem in New York and throughout the U.S. defense and aerospace industry. The proposed facility is a major player in the domestic microelectronics ecosystem, which is larger than RF microwave and microelectronics facility in Syracuse

Software Defined Radio Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 27.66 billion
Revenue forecast in 2030	USD 49.13 billion
Growth rate	CAGR of 8.6% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 – 2022
Forecast period	2023 – 2030

List of Key Players in the Software Defined Radio Market

• Analog Devices Inc.
• Anaren Inc.
• BAE Systems plc.
• Collins Aerospace Systems
• Data Device Corporation
• DataSoft
• Elbit Systems Ltd.
• Huawei Technologies Co. Ltd.
• Indra Sistemas S.A.
• L3Harris Technologies Inc.
• Microchip Technology Inc.
• Northrop Grumman Corporation
• RTX Corporation
• Renesas Electronics Corporation
• STMicroelectronics N.V.
• Texas Instruments Incorporated

Access Press Release of Software Defined Radio Market @ https://www.grandviewresearch.com/press-release/global-software-defined-radio-sdr-market

Enterprise IoT Market Latest Report By Component, Enterprise Size, Application, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 1 April 2024: The Report Enterprise IoT Market Size, Share & Trends Analysis Report By Component (Hardware, Software & Solutions, Services), By Enterprise Type (SMEs, Large Enterprise), By Application, By Region, And Segment Forecasts, 2024 – 2030

The global enterprise IoT market size is expected to reach USD 1.42 billion by 2030, registering a CAGR of 14.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is experiencing significant growth owing to the increasing adoption of cloud-based platforms and a rising demand for digitalization. Enterprise IoT represents a new phase in global transformation, propelled by technological advancements, expanding economic prospects, and a rising need for operational efficiency. These elements are anticipated to drive exponential growth in the market.

Enterprise IoT contributes to lowering maintenance expenses, improving energy efficiency, and boosting employee skills, ultimately leading to increased productivity. The innovations in IoT have a wide range of applications across various industries, including BFSI, manufacturing, agriculture, and utilities. These applications encompass inventory management, device management, and resource optimization. The increasing significance of deploying enterprise IoT for functions like asset management, remote administration services, operational intelligence generation, predictive maintenance, and remote monitoring is anticipated to drive market growth.

Security concerns have been a persistent challenge in the adoption of IoT technologies, but advancements in cybersecurity measures are gradually alleviating these apprehensions. As businesses become more confident in the security protocols surrounding IoT implementations, they are increasingly willing to invest in and deploy connected devices. The integration of robust security features, including encryption, authentication, and secure communication protocols, enhances the resilience of IoT ecosystems against potential threats, fostering a conducive environment for widespread adoption.

The COVID-19 pandemic hampered the market growth. The global lockdown significantly affected the progress of the market, halting manufacturing, disrupting the supply chain, and causing a decline in market demand, leading to a sluggish growth trajectory. However, manufacturers responded by implementing various strategies to counter the sales impact resulting from the easing of restrictions. For instance, in May 2021, Siemens AG and SAP SE joined forces to integrate plant floor operations and new product development, facilitating remote condition monitoring for OEMs through digital twins. This collaborative approach across the asset’s lifecycle is contributing to the growth of the market as key players adopt post-pandemic market strategies.

Access Research Report of Enterprise IoT Market @ https://www.grandviewresearch.com/industry-analysis/enterprise-iot-market-report

Enterprise IoT Market Report Highlights

• Based on components, the software & solutions segment is anticipated to grow significantly during the forecast period owing to the rising demand for sophisticated software solutions to manage data, analytics, and connectivity, as businesses are increasingly leveraging IoT technologies
• Based on size, the small and medium sized enterprise segment accounted for the largest market share in 2023. This growth can be attributed to increasing governmental efforts globally to support SMEs in the realm of enterprise IoT
• Based on application, the manufacturing segment accounted for a significant revenue share in 2023 owing to the emergence of Industry 4.0. The integration of IoT technologies in manufacturing processes has revolutionized the industry, enhancing automation, connectivity, and data analytics. The focus of Industry 4.0 on smart factories, predictive maintenance, and efficient production has propelled the demand for IoT solutions in this sector
• The Asia Pacific enterprise IoT sector is expected to grow at the highest CAGR during the forecast period. This growth is due to the increasing adoption of 5G services supported by increasing demand for smart city platforms

Enterprise IoT Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 642.3 million
Revenue forecast in 2030	USD 1.42 billion
Growth rate	CAGR of 14.1% from 2024 to 2030
Base year for estimation	2023
Historical data	2018 – 2022
Forecast period	2024 – 2030

List of Key Players in the Enterprise IoT Market

• Advantech Co. Ltd.
• Aeris Communications, Inc.
• com, Inc
• Cisco Systems, Inc.
• Intel Corporation
• Laird Connectivity
• Microsoft Corporation
• Oracle Corporation
• PTC Inc.
• Qualcomm Technologies, Inc.
• Robert Bosch, Inc.
• Siemens AG

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Cell Therapy Human Raw Materials Market Overview By Model And Service, End-Use, Application, Region And Forecast To 2030 : Grand View Research Inc.

San Francisco, 1 April 2024: The Report Cnaverell Therapy Human Raw Materials Market Size, Share & Trends Analysis Report, By Product (Cell Culture Media, Cell Culture Sera, Cell Culture Supplements), By End Use, By Region, And Segment Forecasts, 2024 – 2030

The global cell therapy human raw materials market size is expected to reach USD 11.44 billion by 2030 and is projected to expand at a CAGR of 22.32% from 2024 to 2030 according to a new report by Grand View Research, Inc. This is attributed to increasing investment in cell therapy research & development, growing number of clinical trials and rising adoption of regenerative & personalized medicines.

The field of cell therapy R&D has seen substantial growth in investments in recent years, fueling the development of next-generation treatments like CAR T-cell therapies. This surge in activity has advanced the understanding of cell biology, immunology, & gene editing, leading to the identification of novel therapeutic targets and the optimization of cell manufacturing processes. The improved understanding of the tumor microenvironment and immune system evasion mechanisms has enabled researchers to design CAR-T cells that effectively target and eliminate cancer cells. These advancements are being driven by increased funding in cancer immunotherapy research and are expected to propel the cell therapy raw materials market. For instance, in August 2023, Cellares, a startup specializing in cell therapy production, secured an additional USD 255 million in funding as investors continued to invest heavily in the company. Bristol Myers Squibb is among the supporters of Cellares, which asserts that its manufacturing capabilities can outperform traditional Contract Development and Manufacturing Organization (CDMO) facilities.

Furthermore, the expanding landscape of clinical trials in the field of cell therapy has become a driving force influencing the cell therapy human raw materials market. As the number of clinical trials investigating the efficacy and safety of cell-based therapies continues to rise, the demand for specific raw materials essential to these trials is experiencing a considerable upswing.

However, ethical concerns in stem cell research restrain the cell therapy human raw materials market, shaping the landscape with unique challenges. One prominent ethical dilemma revolves around the use of human-derived materials, particularly stem cells, which raises issues regarding the source, consent, and potential exploitation. Obtaining these materials may involve ethical considerations related to embryonic stem cells, as their extraction typically involves the destruction of embryos, sparking debates on the moral status of the early human life involved.

Access Research Report of Cell Therapy Human Raw Materials Market @ https://www.grandviewresearch.com/industry-analysis/cell-therapy-human-raw-materials-market-report

Cell Therapy Human Raw Materials Market Report Highlights

• The cell culture supplements segment dominated the product segment with a revenue share of 27.84% in 2023, owing to the rising demand for animal-free cell-based therapies
• The cell culture media segment is expected to grow at the fastest CAGR over the forecast period due to the advancements in cell culture media technology which focuses on development of specialized formulations
• Based on end use, the biopharmaceutical & pharmaceutical companies segment dominated the market in 2023. On the other hand, the CROs & CMOs segment is expected to witness the fastest growth over the forecast period
• North America region dominated the market owing to factors such as the presence of key market players like Thermo Fisher Scientific, Inc, Actylis, ACROBiosystems and the growth in pharmaceutical & biotechnology research sectors in this region
• Asia Pacific is expected to register the fastest growth over the forecast period due to several companies expanding their presence in regions like Japan

Cell Therapy Human Raw Materials Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 3.42 billion
Revenue forecast in 2030	USD 11.44 billion
Growth rate	CAGR of 22.32% from 2024 to 2030
Base year for estimation	2023
Historical data	2018 – 2022
Forecast period	2024 – 2030

List of Key Players in the Cell Therapy Human Raw Materials Market

• Thermo Fisher Scientific, Inc
• Merck KGaA
• Actylis
• ACROBiosystems
• STEMCELL Technologies
• Grifols, S.A.
• Charles River Laboratories
• RoosterBio, Inc.
• PromoCell GMBH
• Danaher
• BioIVT
• GeminiBio
• Akron Biotech
• AllCells
• CGT Global

Access Press Release of Cell Therapy Human Raw Materials Market @ https://www.grandviewresearch.com/press-release/global-cell-therapy-human-raw-materials-market

Chemical Vapor Deposition Market Trends Analysis Report By Category, Application, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 1 April 2024: The Report Chemical Vapor Deposition Market Size, Share & Trends Analysis Report By Category (CVD Equipment, CVD Materials, CVD Services), By Application (Semiconductor & Microelectronics, Data Storage, Solar Products), By Region, And Segment Forecasts, 2024 – 2030

The global chemical vapor deposition market size is anticipated to reach USD 40.73 billion by 2030 and expand at a CAGR of 9.0% during the forecast period, according to a new report by Grand View Research, Inc. The rapid development in technology facilitating the increasing use of chemical vapor deposition (CVD) process in several applications is expected to drive the market growth over the forecast period.

The rising demand for high-performance materials in aerospace and electronics industry is an important market driver. In addition, government initiatives in emerging economies to increase semiconductor production & innovation in manufacturing technologies are further expected to drive the market.

The key players in the market are keen on advancing chemical vapor deposition technologies with improvements in the components and efficient controls. A new class of CVD machines is being developed where a thin film deposition is done in a wide range of durability, scalability, and tenability with independent control for ion current density and ion energy.

The supply chain design in case of chemical vapor deposition is very complex. The reliance on the complexity of the supply chain is anticipated to grow in the next few years. As a result, companies are restructuring and realigning their businesses to optimize cost structure, increase operational efficiency and effectiveness, reinforce competitive positioning, and hedge against potential supply chain disruptions.

For the market, the threat of substitutes has remained on lower side as product development and technological development are carried out to achieve better reliability and durability with other chemical & physical properties. Moreover, growth in advanced technology, cost reduction, and environment-friendly nature of chemical vapor deposition lead to a higher opportunity for advancements over electroplating.

Market entry strategies are various ways that companies adopt to enter into new or foreign markets. Companies generally use strategies that include licensing, direct exporting, partnering, joint ventures, turnkey projects, acquisitions, and green-field investments. Market entry strategies depend on numerous factors, including tariff rates, trade barriers, competition, export subsidies, price localization, and transportation costs. Hence, key players have adopted various Go-to-Market strategies to develop the market as per their strengths.

Access Research Report of Chemical Vapor Deposition Market @ https://www.grandviewresearch.com/industry-analysis/chemical-vapor-deposition-cvd-market

Chemical Vapor Deposition Market Report Highlights

• The CVD equipment segment led the market and accounted for 65.4% of the global CVD market revenue in 2023, owing to the ability of CVD equipment to offer advanced packaging solutions to the semiconductor industry and adoption of CVD materials for wafer-level packaging
• The CVD services segment is likely to grow at a significant pace over the forecast period as companies operating in the electronics industry are increasingly adopting environmentally sustainable and RoHS-compliant coatings and films on products
• The semiconductor & microelectronics segment accounted for largest market revenue share in 2023, as CVD is critical in fabricating high-frequency and high-speed semiconductors in 5G infrastructure. In addition, CVD is used to grow high-quality epitaxial silicon carbide (SiC) layers for power electronics
• The medical equipment segment is likely to grow at a significant pace over the forecast period, owing to the ability of CVD to coat medical devices used in drug-delivery devices. Further, the increasing prevalence of chronic diseases and the need for efficient drug-delivery systems have led to the development of implantable drug-delivery devices
• Asia Pacific dominated the market and accounted for 51.9% market share in 2023 as many semiconductor processors and manufacturers have established their production facilities in Asia Pacific due to favorable government policies towards semiconductor production and high demand for consumer electronics in the region
• The North American market accounted for second largest market share in 2023 as CVD technology enables the production of sophisticated microelectronics, meeting the evolving needs for miniaturization in aerospace, automobile, and defense sector
• In February 2023, Veeco Instruments, Inc. announced its acquisition of Epiluvac AB, a company that specializes in manufacturing chemical vapor deposition (CVD) epitaxy systems. These systems are crucial in facilitating advanced silicon carbide (SiC) related applications within the electric vehicle sector. The combination of Epiluvac’s technology platform with Veeco’s extensive global market capabilities creates a significant long-term growth opportunity for Veeco

Chemical Vapor Deposition Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 24.23 billion
Revenue forecast in 2030	USD 40.73 billion
Growth rate	CAGR of 9.0% from 2024 to 2030
Base year for estimation	2023
Historical data	2018 – 2022
Forecast period	2024 – 2030

List of Key Players in the Chemical Vapor Deposition Market

• CVD Equipment Corporation
• Tokyo Electron Limited.
• IHI Corporation
• Veeco Instruments Inc.
• ASM International N.V.
• Plasma-Therm LLC
• Applied Materials, Inc.
• OC Oerlikon Management AG
• voestalpine AG
• ULVAC Inc.
• Aixtron SE

Access Press Release of Chemical Vapor Deposition Market @ https://www.grandviewresearch.com/press-release/global-chemical-vapor-deposition-cvd-market

Writing Instruments Market Demand By Product, Application, Distribution Channel, Price Range, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 1 April 2024: The Report Writing Instruments Market Size, Share & Trends Analysis Report By Product (Pen, Pencil), By Application, By Distribution Channel, By Region, And Segment Forecasts, 2024 – 2030

The global writing instruments market size is expected to reach USD 23.94 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.4% from 2024 to 2030. The introduction of innovative multipurpose writing instruments such as pens, pencils, and coloring pens for school and institutional usage is expected to increase demand and scope of coloring instruments globally. This trend is expected to remain a prominent factor in augmenting product demand throughout the forecast period. Key companies have been amplifying their product portfolios by incorporating new and innovative products to gain maximum market share.

The introduction of new and innovative multipurpose writing instruments has played an important role in broadening product scope. Manufacturers are developing new product offerings such as stylus pens, colored inks, and pencils in various sizes. Furthermore, businesses are implementing innovative solutions to expand the application scope among students.

The pens segment led in terms of revenue share in 2023 and is expected to witness progressive growth in demand during the forecast period. Pens are classified according to their ink colorants and ink composition. The availability and accessibility of a diverse range of pen types such as ballpoint pens, rollerball pens, gel pens, and ink pens at various price points boosts the demand for pens among users. The coloring instruments segment is also expected to witness steady growth during the forecast period owing to the growing awareness among students and professionals regarding the importance of highlighters, markers, and other coloring pens.

Students accounted for the largest share in the industry in terms of application in 2023 and this segment is anticipated to expand at the fastest CAGR of 4.7% from 2024 to 2030. The global student population continues to increase, resulting in a steadily rising customer base for writing instrument manufacturers. As educational opportunities expand and literacy rates improve, more students are enrolling in schools, colleges, and universities thus driving market growth.

The stationeries distribution channel segment is expected to lead the segmental share due to its benefits such as the opportunity to test and try a product before purchase. These products are affordable and accessible as they are available at low prices across stationeries. The instant buying of such products from stationery stores is expected to drive consumers to opt for stationaries as a selling medium.

The Asia Pacific region is projected to lead this market through 2030 on account of increasing awareness regarding the importance of education among the young population in this region. Government initiatives on the expansion of educational institutions across developing countries such as India, Bangladesh, Sri Lanka, and other countries for betterment of the educational sector are expected to set new opportunities for the writing instrument market. New product launches and establishment of strategic business units in developing economies including China and India are expected to remain key growth strategies among the industry participants.

Access Research Report of Writing Instruments Market @ https://www.grandviewresearch.com/industry-analysis/writing-instruments-market

Writing Instruments Market Report Highlights

• Pens accounted for a dominant global revenue share of 36.0% in 2023. Pens are classified according to their ink colorants and ink composition. The availability and accessibility of a diverse range of pen types such as ballpoint, rollerball, gel, and ink pens at various price points boosts their demand among users.
• Students contributed the largest revenue share among applications, generating a revenue of over USD 10 billion in 2023. Writing instruments are essential tools for students in their academic pursuits.
• Stationeries accounted for a leading revenue share of 35.8% in 2023. This segment has been gaining traction owing to benefits offered by stationeries such as physical verification of products before purchase.
• Asia Pacific held a share of over 31.3% of the global market in 2023, on account of an increasing awareness regarding the importance of education among this region’s younger population.

Writing Instruments Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 18.44 billion
Revenue forecast in 2030	USD 23.94 billion
Growth Rate (Revenue)	CAGR of 4.4% from 2024 to 2030
Actual data	2018 – 2023
Forecast period	2024 – 2030

List of Key Players in the Writing Instruments Market

• Faber-Castell AG
• Newell Brands, Inc.
• Mitsubishi Pencil Co., Ltd.
• Linc Limited
• Hindustan Pencils Private Limited
• Flair Writing Industries Limited
• Shanghai M&G Stationery Inc.
• Pentel Co., Ltd.
• Luxor
• Pilot Corporation of America

Access Press Release of Writing Instruments Market @ https://www.grandviewresearch.com/press-release/global-writing-instruments-market