Automotive Steering System Market Size worth USD 39.5 billion by 2027
The Automotive Steering System Industry Size is projected to grow from USD 35.3 billion in 2022 to USD 39.5 billion by 2027, at a CAGR of 2.3% over the forecast period.
Electrical Power Steering (EPS) and Steer-by-Wire (SbW) steering systems are in high demand due to the global deployment of EVs. OEMs have been able to deliver new and enhanced steering features that customers have universally embraced...
EV Battery Recycling Market Size worth USD 23.72 billion by 2035, at a CAGR of 40.9%
The global EV battery recycling market, by value, is estimated to be USD 0.54 Billion in 2024 and is projected to reach USD 23.72 Billion by 2035, at a CAGR of 40.9% from 2024 to 2035.
The EV battery recycling market is driven by the dual objectives of reducing environmental impact and addressing resource scarcity, particularly for lithium, cobalt, and nickel. Recycled materials are often...
Future of Neuromorphic Chips Industry: Revolutionizing AI and Computing
In recent years, the rapid advancement of artificial intelligence (AI) and machine learning (ML) has captured the global spotlight, reshaping industries, societies, and technologies. As AI continues to evolve, the demand for computing systems that can handle the complexity and scale of neural networks is growing exponentially. Enter neuromorphic chips, a revolutionary class of hardware designed to...
IoT Market Size Expected to Reach $153.2 Billion by 2029
The IoT market is expected to reach USD 153.2 billion by 2029 from USD 64.8 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 18.8% during the forecast period.
The requirement for real-time data analytics and automation in different industries drives the IoT Market. They have retained customers by offering improved efficiency, cost savings, and better user experiences. Utilizing IoT technologies...
Asia Pacific Industrial Control & Factory Automation Market: Driving the Future of Smart Manufacturing
In recent years, the Asia Pacific Industrial Control & Factory Automation market has emerged as a significant force, driving transformative changes in manufacturing processes and operations. With advancements in digital technology, automation, and Industry 4.0, the region is rapidly evolving into a global hub for intelligent manufacturing systems. The integration of Industrial Control...
Artificial Intelligence in Medical Imaging: Challenges, Opportunities, and Market Trends
The integration of Artificial Intelligence (AI) into medical imaging is revolutionizing healthcare diagnostics, offering enhanced accuracy and efficiency. As of 2024, the global AI in medical imaging market is valued at approximately US$1.65 billion and is projected to reach US$4.54 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 22.4%. This growth is driven by technological advancements,...
Navigating the Surgical Sponges Market: Insights for Healthcare Decision-Makers
The global surgical sponges market is experiencing significant growth, driven by advancements in healthcare infrastructure, an increasing number of surgical procedures, and technological innovations in surgical materials. As of 2024, the market was valued at approximately USD 0.81 billion and is projected to reach USD 1.19 billion by 2029, reflecting a compound annual growth rate (CAGR)...
Global BIM Market: Emerging Technologies and Their Impact on Construction
The construction industry is undergoing a major digital transformation, with Building Information Modeling (BIM) playing a pivotal role in reshaping project planning, design, and execution. As the demand for smarter, more efficient, and sustainable construction grows, emerging technologies such as Artificial Intelligence (AI), Digital Twins, the Internet of Things (IoT), and Augmented Reality (AR)...
The Impact of AI and IoT on the Construction Glass Market
The construction industry is evolving rapidly, with new technologies bringing efficiency, sustainability, and safety to modern building practices. Among these innovations, Artificial Intelligence (AI) and the Internet of Things (IoT) are making a significant impact on the construction glass market. By enhancing design, manufacturing, and monitoring processes, these technologies are transforming...