Gmi Research

  Delivery Robots Market Delivery Robots Market is estimated to grow at a significant CAGR of 31.5% over the forecast period, 2022-2029. The factors driving growth of the Delivery Robots Market includes rapid growth in the e-commerce sector, rise in the number of online grocery stores, increasing application of delivery robots in Food and Beverages, Hospitality and Healthcare industries and growing focus by major companies on testing autonomous delivery bots at college campuses and cities. According to the report published by Statista, the market value of online grocery in India was estimated around INR 150 billion in 2020 and is expected to reach INR 1,170 billion by the end of 2024, which will accelerate the Global Delivery Robots Market in the approaching years. Moreover, integration advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML) with delivery robots, Government regulations regarding environmental emissions and increasing labor costs around th...

  Smart Packaging Market is estimated to grow at CAGR of 5.9% during the forecast period 2022-2029. The factors driving the growth of Smart Packaging Market includes growing concerns related to food wastage, expansion of the e-commerce industry, increasing demand for sustainable packaging solutions around the world and rise in the consumption of packaged food products. According to the report published by Statista, the sales of packaged food products around the world has increased drastically from USD 2.47 trillion in 2016 to USD 2.64 trillion in 2019, which will accelerate the Smart Packaging Market size in the approaching years. Moreover, growing adoption of advanced technologies such as RFID, QR code and NFC, rise in the launch of innovative products and increasing health consciousness amongst people, are some of the additional factors supplementing the Smart Packaging Market Growth . In addition, the increasing investments by leading players on research and development, growi...

  The Fertilizer Market was estimated around USD 840 billion in 2019 and is expected to grow at a CAGR of 5% over the forecast period (2020-2027). The factors driving the growth of Fertilizer Market includes growing popularity of organic fertilizers, rise in the consumption of food, increased adoption of precision farming around the world and expansion of the agriculture sector. According to the report published by Statista, the Global Precision Farming Market was calculated around USD 6.73 billion in 2021 and is expected to reach USD 14.44 billion by the end of 2027, which will accelerate the Global Fertilizer Market in the approaching years. Moreover, growing demand for high-efficiency fertilizers, rising awareness amongst farmers about the benefits of using fertilizers and Government schemes promoting the use of organic fertilizers, are some of the additional factors supplementing the market growth. In addition, the increasing investments by leading players on research and deve...

  Automotive Temperature Sensor Market Automotive Temperature Sensor Market was valued at USD 3.8 billion in 2021 and is projected to touch USD 8.0 billion in 2029 and the market is estimated to grow at a CAGR of 9.7%. The factors driving the growth of Automotive Temperature Sensor Market includes increasing popularity of connected cars and autonomous vehicles, growing emphasis on reducing carbon emissions and rise in the number of electric vehicles charging stations around the world. According to the report published by Statista, the Global Connected Cars Market was calculated around USD 63.2 billion in 2019 and is expected to reach USD 191.83 billion by the end of 2028, which will accelerate the Automotive Temperature Sensor Market size in the approaching years. Moreover, rising awareness amongst consumers about the benefits of automotive temperature sensors, Government polices boosting the manufacturing of passenger vehicles and technological advancements in the temperature se...

  Podcast Market The Podcast Market was estimated around USD 7,839 million in 2019 and is predicted to grow at a CAGR of 31.6% over the forecast period (2020-2027). The factors driving the growth of Podcast Market includes rise in the number OTT platforms around the world, growing popularity of audio-on-demand platforms, modernization of transcription technology and increasing internet penetration rates. According to the report published by Bloomberg, the Global Over-the-Top Streaming Market was calculated around USD 120.6 billion in 2021 and is expected to reach USD 261.8 billion by the end of 2028, expanding at a CAGR of 11.9%, over the forecast period (2022-2028), which will boost the Global Podcast Market in the approaching years. Moreover, introduction of advanced technologies such as Artificial Intelligence (AI), Blockchain and Internet of Things (IoT), proliferation of smartphones and strategic mergers and acquisition between industry leaders, are some of the additional fac...

  Fragrance Market Fragrances Market was valued at USD 30.3 billion in 2021 and is projected to reach USD 46.1 billion in 2029, growing at a CAGR of 5.4% during 2022-2029 The factors driving the growth of Fragrance Market includes increasing demand for deodorants and perfumes around the world, rise in women’s participation in the workforce and growing popularity of lighter-scented products and introduction of natural fragrance products. According to the report published by Statista, the Deodorant Market in India is estimated to reach USD 0.41 billion by the end of 2022, expanding at a CAGR of 6.16% over the forecast period (2022-2026), which will accelerate the Fragrances Market size in the approaching years. Moreover, increased availability of fragrance products at online platforms, growing awareness amongst consumers about cosmetic products, rising influence of social media and celebrity endorsement, strategic mergers, and acquisitions between key industry players, are some of ...

  Wireless Charging Market Wireless Charging Market was valued at USD 4.8 billion in 2021 and is projected to reach USD 25.3 billion in 2029 growing at a high CAGR of 23.1%. The factors driving the growth of Wireless Charging Market includes growing demand for consumer electronics such as smartphones, tablets, laptops, and digital camera, rise in the sales of electric vehicles around the world and increasing popularity of multi-device wireless chargers. According to the report published by Bloomberg, the Global Electric Vehicle Market is expected to increase from 8,151 thousand units in 2022 to 39,208 thousand units by the end of 2030, expanding at a CAGR of 21.7% over the forecast period, which will accelerate the Wireless Charging Market size in the approaching years. Moreover, the increasing application of wireless technology to charge warehouse trucks, rise in the launch of innovative products and growing adoption of wireless chargers in the automotive and healthcare ind...

  Health Insurance Market The Health Insurance Market is expected to reach USD 3.1 trillion by 2027, growing at a CAGR of 9.7% over the forecast period (2020-2027). The factors driving the growth of Health Insurance Market includes rising prevalence of cancer, dengue, and diabetes around the world, growing awareness amongst consumers about the benefits of health insurance in rural areas, and increasing cost of medical services. According to the report published by World Health Organization (WHO), the cases of dengue worldwide have increased from 505,430 cases in 2000 to 5.2 million in 2019, which will boost the demand for health insurance in the approaching years. Moreover, the growing ageing population, increasing number of daycare procedures, availability of affordable insurance plans, rise in the launch of attractive health insurance plans by insurance companies and expansion of the healthcare sector, are some of the additional factors supplementing the Health Insurance Market ...

  Agrochemicals Market Agrochemicals Market was worth USD 220.4 billion in 2021, and forecast to touch USD 290.2 billion in 2029, growing at a CAGR of 3.5% from 2022-2029. The factors driving the growth of Agrochemicals Market includes growing use of fertilizers by famers around the world, rising awareness about the benefits of agrochemicals and increase in the consumption of fruits and vegetables. According to the report published by Statista, the Global Fertilizer Market was estimated around USD 171.76 billion in 2020 and is expected to reach USD 241.87 billion by the end of 2027, which will accelerate the Agrochemical Market Share in the approaching years. Moreover, agrochemicals enhance the productivity and maintains quality of the produce along with growing adoption of advanced technologies in the agriculture sector and rising popularity of crop protection chemicals such as herbicides and fungicides, are some of the additional factors supplementing the Agrochemicals Market s...

  Seafood Market The Seafood Market was calculated around USD 159 billion in 2019 and is expected to grow at a CAGR of 2.5% over the forecast period (2020-2027). The factors driving the growth of Seafood Market includes rising consciousness amongst consumers about adopting healthy diets, growing use of seafood items in Japanese and Hawaiian cuisine, increasing demand of marine products such as salmon, tuna, and lobsters. According to the report published by Statista, the Global Canned Tuna Market was estimated around USD 10.5 billion in 2017 and is expected to reach USD 14.13 billion by the end of 2025, which will accelerate the Seafood Market Size in the approaching years. Moreover, the availability of wide range of seafood products at online platforms, rising awareness about the harmful chemicals used in meat products, increase in the launch of innovative seafood items and growing emphasis by manufacturers on product safety, are some of the important factors supplementing the m...

  Low Speed Vehicle Market Low Speed Vehicle Market is estimated to grow at a CAGR of 7.3% from 2022-2029. The factors driving the growth of Low Speed Vehicle Market includes rise in the geriatric population, increasing application of low speed vehicles in schools, museums and golf carts, rapid growth in the real estate industry and growing concerns related to public safety around the world. According to the report published by Statista, the Real Estate Industry in India was calculated around USD 180 billion in 2020 and is expected to reach USD 1 trillion by the end of 2030, which will accelerate the Low Speed Vehicle Market size in the approaching years. Moreover, rise in the launch of innovative products, fall in the prices of lithium-ion batteries, favorable Government policies for manufacturing electric vehicles and growing emphasis on reducing carbon emissions and minimizing road congestions, are some of the additional factors supplementing the Global Low Speed Vehicle Marke...

  Drone Service Market Drone Service Market was valued at USD 12.1 billion in 2021, and forecast to reach USD 56.0 billion in 2029, growing at a significant CAGR of 21.1% from 2022-2029. The factors driving the growth of Drone Service Market includes increasing application of drones in the military and commercial sector, growing popularity of unmanned ariel vehicles, rise in the number of urban mobility projects around the world and trending concept of air taxis. According to the report published by Bloomberg, the Global UAV Drones Market is expected to reach USD 102,466.7 million by the end of 2030, expanding at a CAGR of 19.6% over the forecast period (2022-2030), which will accelerate the Drone Service Market size in the approaching years. Moreover, technological advancements in drones, expansion of e-commerce industry, Government policies boosting drone manufacturing and increasing investments by leading players on research and development, are some of the additional factor...

  Flight Simulator Market Flight Simulator Market registered a revenue of USD 6.2 billion in 2021 and is projected to reach USD 9.5 billion in 2029, growing at a CAGR of 5.5% during the forecast period. The factors driving the growth of Flight Simulator Market includes rapid growth in the tourism sector, growing demand for effective pilot training solutions, rise in the air passenger traffic around the world and increasing use of Unmanned ariel Vehicles by defense forces. According to the report published by Statista, the Global Unmanned Ariel Vehicle (UAV) Market was estimated around USD 23.60 billion in 2021 and is expected to reach USD 77.69 billion by the end of 2030, growing at a CAGR of 14.6% over the forecast period, which will boost the demand for flight simulators in the approaching years. Moreover, collaborations between leading industry players, rising trend of adopting advanced technologies such as Augmented Reality (AR) and Virtual Reality (VR) in pilot training prog...

  Clinical Trial Management System Market The Clinical Trial Management System Market is estimated to expand at a robust CAGR over the forecast period The factors driving the growth of Clinical Trial Management System Market includes increase in the number of clinical studies around the world, growing focus on developing effective vaccines and rising prevalence of chronic and infectious diseases. According to the report published by Statista, the total number of registered clinical studies worldwide has increased from 325,776 in 2019 to 399,535 in 2021, which will accelerate the Global Clinical Trial Management System Market in the approaching years. Moreover, the growing adoption of advanced technologies such as Artificial Intelligence (AI) and Big Data Analytics by pharmaceutical and biotechnology-based companies, rise in Government’s expenditure on the healthcare sector and increasing investments by leading players on research and development, are some of the additional factors...

  Automotive Lighting Market The Automotive Lighting Market is estimated to grow at a robust CAGR over the forecast period (2020-2027). The factors driving the growth of Automotive Lighting Market includes rise in the number of car accidents around the world, increase in the production of Internal combustion engine vehicles and integration of lighting solutions with Advanced Driver Assistance Systems (ADAS) in autonomous cars. According to the report published by Global Advanced Driver Assistance Systems (ADAS) Market was calculated around USD 18.77 billion in 2021 and is expected to reach USD 50.55 billion by 2028, expanding at a CAGR of 15.2%, over the forecast period, which will boost the Global Automotive Lighting Market in coming years. Moreover, the strict regulations imposed by Governments regarding vehicle visibility, technological advancements in the automotive sector, rise in the launch of innovative products and growing demand for smaller vehicles, are some of the addit...

  Media Monitoring Tools Market The Media Monitoring Tools Market was calculated around USD 2,367 million in 2020 and is expected to grow at a CAGR of 13.6% over the forecast period (2021-2028). The factors driving the growth of Media Monitoring Tools Market includes increase in the use of social media platforms around the world, Government initiatives to promote digitalization and growing internet penetration rates. According to the report published by Statista, around 4.26 billion people were using social media platforms in 2021 and this figure is predicted to reach 6 billion by the end of 2027, which will accelerate the Media Monitoring Tools Market Size in the approaching years. Moreover, the integration of advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML) and Internet of Things (IoT), increasing investments by leading players on research and development and rise in digital spending by companies worldwide, are some of the additional factors sup...

  IoT in Elevators Market The IoT in Elevators Market is expected to expand at a significant CAGR over the forecast period (2020-2027). The factors driving the growth of IoT in Elevators Market includes rise in the number of smart cities, strict regulations imposed by Governments to promote green infrastructure, growing demand for energy efficient smart elevators and rapid growth in the construction sector around the world. According to the report published by Bloomberg, the Global Smart Cities Market was estimated around USD 390.13 billion in 2021 and is expected to reach USD 1874.83 billion by the end of 2029, growing at a CAGR of 21.68% over the forecast period (2022-2029), which will accelerate the market growth in the approaching years. Moreover, the emerging need to enhance the operational efficiency of elevators, growing adoption of advanced technologies such as Artificial Intelligence (AI), Big Data and Internet of Things (IoT) and increasing acceptance of remote surveillan...