Technology Archivi - World Wide Trends

9 aprile 2025

Smart Cities Drive Saudi Geospatial Analytics Market Growth

Saudi Arabia Geospatial Analytics Market

The Saudi Arabian geospatial analytics market is on an impressive growth trajectory, expected to reach USD 714.8 million by 2030 from USD 414.8 million in 2024, registering a robust CAGR of 9.5% during the forecast period. This expansion is significantly supported by the nation’s ambitious digital transformation goals and smart city initiatives, spearheaded by the Ministry of Municipal and Rural Affairs (MOMRA). Through these projects, geospatial technologies are increasingly embedded into infrastructure, governance, and urban planning.

The real estate and construction sectors are among the foremost adopters of geospatial analytics, especially for land usage planning, site selection, and project design. As Saudi Arabia invests heavily in urban development—planning over eight new cities and 1.3 million additional houses by 2030—these technologies are proving critical. Likewise, the transportation sector is leveraging geospatial insights to enhance airport and railway efficiency. This national embrace of data-driven planning, along with the government’s collaboration with institutions like the Saudi Geological Survey and Riyadh Development Authority, underscores a thriving market built on innovation, efficiency, and strategic foresight.

Key Insights

The market is segmented into geovisualization, network analysis, and surface analysis, with geovisualization accounting for around 50% of the market share in 2024. It helps governments and organizations optimize resource management and gain real-time geographical insights.

Network analysis is the fastest-growing category within geospatial analytics, driven by its applications in transportation, telecommunications, and utility networks.

End users span a wide array of sectors, including agriculture, energy and utilities, IT and telecommunications, defense and intelligence, government, mining, automotive and transportation, healthcare, and real estate. The real estate segment alone holds a dominant 35% market share in 2024, propelled by Saudi Arabia’s USD 1 trillion infrastructure investments.

The government sector is the fastest-growing end user, supported by initiatives like Vision 2030 and investments in geographical science research centers and smart urban development programs.

Regionally, the Eastern Region holds the largest share, while Al-Riyadh is poised to grow the fastest, owing to focused infrastructure enhancements and digital integration in urban centers.

The software component dominates the market with a 55% share in 2024, driven by the integration of AI, machine learning, and cloud computing technologies that enhance analytical capabilities across sectors.

A major market driver is the increasing importance of location-based services, which aid in visualizing traffic patterns, optimizing delivery logistics, and enhancing consumer engagement through accurate geographic data.

The shortage of skilled professionals in spatial data analysis, remote sensing, and data visualization remains a challenge, as the country’s educational institutions lag in geospatial technology training.

Strategic moves by companies, such as collaborations with government bodies, R&D investments, and adoption of cutting-edge software platforms, are strengthening the competitive landscape in a consolidated market.

Emerging opportunities lie in integrating geospatial data with IoT technologies, offering real-time analytics for smart city infrastructure, transportation systems, and environmental monitoring.

Saudi Arabia’s focus on advanced research in geosciences, along with initiatives like the Saudi Geological Survey, aims to harness the power of spatial data for environmental and resource management, laying a foundation for long-term market sustainability.

8 aprile 2025

Model-Based Enterprises Market Share, Growth and Forecast Report, 2030

The global model-based enterprises (MBE) market is projected to witness significant expansion, reaching an estimated USD 32.1 billion by 2030 from USD 13.9 billion in 2024, at a robust CAGR of 15.0%.

This remarkable growth is driven by organizations’ ongoing efforts to meet evolving customer expectations by leveraging innovative, digitized design and manufacturing processes. The MBE approach revolutionizes traditional engineering by introducing digital 3D models that serve as the central source of information throughout a product’s lifecycle—streamlining operations, enhancing collaboration, and reducing costly errors.

The rise of industries that prioritize quality and safety—such as aerospace, defense, and automotive—is also propelling the adoption of MBE methodologies. The increasing number of industrial enterprises globally further strengthens market momentum. For instance, as of December 2023, over 21.5 million micro, small, and medium enterprises (MSMEs) were registered in India alone. These businesses, driven by the need for agility and efficiency, are embracing model-based frameworks to optimize operations and maintain competitiveness. Moreover, supportive government policies, especially in Asia-Pacific and North America, are accelerating the digital transformation journey, enabling businesses to adopt MBE solutions on a wider scale.

Key Insights

The design model segment dominates the market in 2024 with a 40.0% share, attributed to the widespread use of 3D CAD models across industries. These models serve as a comprehensive product definition tool, replacing traditional 2D blueprints and forming the foundation for model-based engineering and manufacturing practices.

The aerospace and defense industry leads both in size and growth rate among end users, accounting for 35% of the market share in 2024. This sector’s complexity, regulatory rigor, and early adoption of digital technologies have made it a key proponent of MBE adoption, especially in enhancing lifecycle management and product innovation.

Asia-Pacific is forecasted to be the fastest-growing region during the forecast period, with a CAGR of 15.5%. This growth is fueled by rapid industrialization, increasing technological investments, and rising support from regional governments, including incentives for local manufacturing and innovation-driven reforms.

North America remains the largest regional market due to the early adoption of Industry 4.0 principles, significant investments in digital transformation, and the presence of key players such as Boeing, PTC Inc., and Dassault Systèmes.

The integration of MBE with Industry 4.0 is a defining trend, with governments like that of the U.S. investing USD 1 billion into research and development for smart manufacturing technologies, including AI and quantum information systems. This strategic move is accelerating the deployment of smart factories and sustainable production ecosystems.

Technological advancements such as cloud-based MBE platforms, CAD upgrades, AI integration, and IoT deployments are reshaping how businesses implement model-based systems. These innovations enhance interoperability, provide real-time insights, and support seamless collaboration across teams.

The automotive sector is rapidly embracing MBE for its ability to shorten product development cycles, increase design accuracy, and ensure compliance with environmental and safety standards, thereby improving profitability and customer satisfaction.

The market is highly fragmented, featuring a mix of global and regional players. Notable names include Siemens AG, Oracle Corporation, Autodesk Inc., ANSYS Inc., SAP SE, Aras Corporation, HCL Technologies, and Airbus SE. These companies are actively engaging in strategic partnerships, M&As, and R&D to strengthen their market positions.

Emerging trends such as the fusion of quantum computing with MBE are expected to transform design optimization by offering rapid prototyping and multi-concept simulations, especially in high-tech sectors like aerospace and defense.

Despite its benefits, transitioning to MBE poses challenges including cultural shifts, need for employee re-training, and infrastructure investments. Businesses must navigate data management complexities and legacy system limitations during the adoption process.

Overall, the increasing need for precision, regulatory compliance, and operational agility is solidifying MBE’s role as a core pillar of modern digital manufacturing strategies across diverse sectors.

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28 marzo 2025

Rising Water Efficiency Needs Drive Smart Irrigation Market

According to the latest market research study published by P&S Intelligence, the global smart irrigation market is experiencing significant growth, with revenues projected to increase from USD 1.8 billion in 2024 to USD 4.4 billion by 2032, reflecting a compound annual growth rate (CAGR) of 12.4%. This expansion is driven by heightened research and development activities and the widespread adoption of energy-efficient smart irrigation systems. Additionally, regions frequently facing extreme weather conditions are increasingly relying on these advanced systems to ensure efficient water management in agriculture.

Key Insights

Segmentation Analysis:

The market encompasses various systems, including weather-based and sensor-based solutions.

Key components comprise controllers, sensors, and water flow meters.

Applications span both agricultural and non-agricultural sectors, with non-agricultural applications currently holding the largest market share.

Regional and Geographical Trends:

North America leads the market in size, attributed to early adoption and technological advancements.

The Asia-Pacific region is the fastest-growing market, driven by increased deployment of remote sensing technologies and integration of IoT devices in countries like India, China, South Korea, and Australia.

Technological Advancements Shaping the Market:

Integration of IoT-enabled systems allows automatic irrigation based on real-time soil moisture levels, enhancing water conservation.

Advanced features incorporating artificial intelligence (AI) and machine learning (ML) facilitate temperature and soil moisture sensing, weather pattern tracking, and long-term environmental forecasting, optimizing water usage and preventing wastage.

Competitive Dynamics, Major Players, and Emerging Opportunities:

The market is fragmented, featuring a diverse range of applications and technologies, which encourages the entry of niche and personalized product offerings.

Prominent manufacturers include Rain Bird Corporation, The Toro Company, Hunter Industries Inc., Manna Irrigation, Stevens Water Monitoring Systems, Delta-T Devices, HydroPoint, GREEN ELECTRONICS LLC, Valmont Industries Inc., Water Ways Technologies Inc., Orbit Irrigation Products, and Acclima Inc.

Government initiatives promoting sustainable agriculture and water conservation, such as India’s Pradhan Mantri Krishi Sinchayee Yojana (PMKSY), are creating favorable conditions for market expansion.

Overall, the smart irrigation market is poised for robust growth, driven by technological innovations, supportive government policies, and the increasing need for efficient water management solutions across various regions.

28 marzo 2025

Surge in Smart Cities Drives Public Safety Market Growth

According to the latest market research study published by P&S Intelligence, the global public safety and security market is poised for substantial growth, with projections indicating an increase from USD 517.6 billion in 2024 to USD 1,214.2 billion by 2032, reflecting a compound annual growth rate (CAGR) of 11.4% during the forecast period.

This surge is primarily driven by technological advancements such as artificial intelligence (AI) and the Internet of Things (IoT), which enhance smart city initiatives and bolster surveillance and emergency response systems. Additionally, the escalating frequency of crimes and catastrophic incidents underscores the necessity for robust security measures worldwide.

Key Insights

Segmentation Analysis:

By Application: Homeland security emerges as the largest application category, addressing critical national safety concerns through advanced surveillance and response mechanisms.

By Component: The market encompasses a range of solutions and services tailored to various public safety needs, including emergency services, critical infrastructure protection, and logistics and transportation systems.

Regional and Geographical Trends:

Largest Region: North America holds the largest market share, attributed to significant investments in public safety infrastructure and the adoption of advanced technologies.

Fastest Growing Region: The Asia-Pacific region is anticipated to experience the fastest growth, driven by rapid urbanization, increasing security concerns, and government initiatives to enhance public safety measures.

Technological Advancements Shaping the Market:

Integration of Smart Technologies: The incorporation of IoT, AI, and machine learning into public safety systems is a key trend, enhancing surveillance capabilities and emergency response efficiency. For instance, IoT devices such as sensors and networked cameras provide real-time data on traffic conditions and safety events, enabling proactive measures. AI-based monitoring systems can automatically detect unusual activities and recognize individuals through facial recognition, thereby improving surveillance effectiveness.

Competitive Dynamics, Major Players, and Emerging Opportunities:

Market Fragmentation: The public safety and security market is characterized by fragmentation, with a diverse range of technology providers offering solutions across various sectors, including law enforcement, emergency services, and critical infrastructure.

Key Players: Prominent companies in the market include Cisco Systems Inc., Honeywell International Inc., Motorola Solutions Inc., IBM Corporation, NEC Corporation, Siemens AG, Thales S.A., Huawei Technologies Co. Ltd., Hexagon AB, L3Harris Technologies Inc., Esri, and Axon Enterprise Inc.

Strategic Developments: In recent years, market players have engaged in mergers and acquisitions to strengthen their positions and expand their offerings in the public safety and security domain.

Emerging Opportunities: The increasing emphasis on smart city initiatives and the growing need for integrated security solutions present significant opportunities for innovation and expansion in the market. Companies investing in advanced technologies and comprehensive safety solutions are well-positioned to capitalize on these trends.

The evolving landscape of public safety and security underscores the critical role of technological innovation and strategic collaboration in addressing the complex challenges faced by societies worldwide.

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7 febbraio 2025

AutoML Market to Reach $15.5B by 2030 with 52.8% CAGR

Automated Machine Learning (AutoML) Market

Machine learning is no longer just for data scientists with advanced coding skills. Automated machine learning (AutoML) is transforming industries by making artificial intelligence (AI) more accessible and efficient. The global AutoML market generated a revenue of $866.3 million in 2023, and its growth trajectory is nothing short of remarkable. With a projected CAGR of 52.8% from 2024 to 2030, the market is expected to reach $15,499.3 million by 2030.

As organizations across industries seek to automate complex processes and extract insights from data, the adoption of AutoML is surging. From fraud detection in financial services to personalized recommendations in retail, businesses are leveraging this technology to enhance decision-making and improve efficiency. The following sections explore the driving forces behind this growth, the industries leading the charge, and the competitive landscape shaping the future of AutoML.

The Expanding Role of AutoML Across Industries

AutoML is revolutionizing how industries approach data analysis and decision-making. With its ability to automate tasks that once required specialized expertise, this technology is unlocking new opportunities for businesses. Several sectors are experiencing significant transformations due to AutoML adoption.

Financial Services: Strengthening Fraud Detection and Risk Management

Financial institutions have long relied on data analytics to detect fraud, assess risk, and enhance customer experiences. However, traditional machine learning models require extensive time and expertise to develop. AutoML streamlines this process, enabling banks and financial service providers to implement fraud detection systems that analyze transactions in real-time. By identifying unusual spending patterns and suspicious activities, these models help prevent financial crimes more effectively.

Beyond fraud detection, AutoML is also enhancing risk assessment and credit scoring. Lenders can evaluate loan applications faster and with greater accuracy by analyzing a borrower’s financial history and behavior patterns. This not only improves decision-making but also reduces the risk of defaults.

Retail: Delivering Personalized Customer Experiences

The retail industry is increasingly relying on AI-driven solutions to improve customer engagement and optimize operations. AutoML is playing a crucial role in personalized product recommendations, helping retailers analyze large volumes of customer data to understand preferences and purchasing behavior. By leveraging machine learning, businesses can offer targeted promotions and customized shopping experiences that drive higher sales and customer satisfaction.

Inventory management is another area where AutoML is making an impact. By predicting demand fluctuations and optimizing supply chains, retailers can reduce stock shortages and minimize waste. This results in improved operational efficiency and better financial outcomes.

Marketing and Sales: Optimizing Lead Scoring and Customer Retention

AutoML is transforming marketing strategies by providing businesses with deeper insights into customer behavior. Predictive lead scoring is one of its most valuable applications, allowing sales teams to prioritize leads based on their likelihood of conversion. By analyzing past interactions, purchasing history, and engagement levels, AutoML models help businesses allocate resources more effectively and increase revenue.

In customer retention, AutoML enables companies to predict churn rates and implement proactive strategies to retain customers. By identifying early warning signs, businesses can offer personalized incentives or support to prevent customer attrition.

Healthcare: Advancing Diagnostics and Patient Care

The healthcare industry is benefiting from AutoML’s ability to process vast amounts of medical data quickly and accurately. In diagnostics, AI-powered models can analyze medical images, detect anomalies, and assist doctors in making accurate assessments. AutoML is also being used in predictive analytics for disease prevention, helping healthcare providers identify at-risk patients and intervene earlier.

Additionally, the pandemic accelerated the adoption of AI-driven solutions in healthcare. Chatbots powered by AutoML were deployed to screen COVID-19 symptoms, manage patient inquiries, and streamline hospital workflows. A notable example is Clevy.io, a French start-up that launched a chatbot to facilitate access to official government communications about the pandemic.

Market Growth and Regional Trends

The AutoML market is witnessing explosive growth, driven by increasing demand for AI-powered solutions across industries. Several key factors are fueling this expansion.

North America Leads in Adoption and Innovation

North America currently holds the largest share of the AutoML market, primarily due to its advanced technological infrastructure and early adoption of AI-driven solutions. The presence of major tech companies investing in machine learning, along with a strong ecosystem of start-ups, is contributing to the region’s dominance.

Companies like Amazon, Google, and Microsoft are continuously enhancing their AutoML offerings. For instance, in December 2022, Amazon launched eight new capabilities for Amazon SageMaker, its end-to-end machine learning service. These enhancements enable developers, data scientists, and business analysts to build, train, and deploy machine learning models more efficiently.

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Asia-Pacific Emerges as the Fastest-Growing Market

While North America leads in market share, Asia-Pacific is the fastest-growing region for AutoML adoption. Countries like China, India, and Japan are investing heavily in AI research and digital transformation. The rise of e-commerce, fintech, and healthcare innovations in this region is driving the demand for machine learning solutions.

Government initiatives supporting AI adoption, coupled with an increasing number of start-ups leveraging AutoML, are accelerating growth. Businesses in India and Southeast Asia are particularly embracing AI to improve customer experiences and optimize business processes.

The Competitive Landscape and Future Outlook

The AutoML market is becoming increasingly competitive, with established players and emerging start-ups vying for market share. Companies are focusing on innovation, strategic partnerships, and expanding their service offerings to stay ahead.

Key Players Driving Innovation

Leading tech companies are continuously improving their AutoML platforms to make machine learning more accessible. Some of the key players in the market include:

Amazon (AWS SageMaker) – Enhancing ease of use for developers and businesses.
Google (AutoML) – Offering powerful tools for automated model training and deployment.
Microsoft (Azure Machine Learning) – Providing enterprise-level AI solutions.
IBM (Watson AutoAI) – Specializing in AI-driven business intelligence.

Smaller companies and start-ups are also contributing to the market’s dynamism, introducing innovative solutions tailored to specific industry needs.

Future Trends Shaping AutoML

Several emerging trends are set to shape the future of AutoML:

Integration with No-Code and Low-Code Platforms – Making AI more accessible to non-technical users.
Edge Computing and IoT Integration – Enabling real-time machine learning on edge devices.
Greater Focus on Explainability – Enhancing transparency in AI decision-making.
Advancements in Natural Language Processing (NLP) – Improving AI’s ability to interpret and generate human language.

As AutoML continues to evolve, businesses that adopt these technologies early will gain a competitive advantage, leveraging AI to drive innovation and efficiency.

Conclusion

Automated machine learning is no longer a futuristic concept—it is reshaping industries and becoming an essential tool for businesses worldwide. The market’s rapid growth, expanding applications, and increasing accessibility highlight its transformative potential. From fraud detection in finance to personalized experiences in retail and healthcare advancements, AutoML is unlocking new possibilities across sectors.

With North America leading in innovation and Asia-Pacific emerging as a powerhouse for growth, the future of AutoML looks promising. As companies continue to invest in AI-driven solutions, those that embrace AutoML will be best positioned to thrive in the data-driven era.

The question now is not whether businesses should adopt AutoML, but how quickly they can leverage it to stay ahead in an increasingly competitive landscape.

5 febbraio 2025

Global Video Streaming Industry to Hit $508.8 Billion by 2030

The global video streaming market has experienced remarkable growth, with revenues estimated at $130.1 billion in 2023. Projections indicate a CAGR of 21.6% from 2024 to 2030, aiming to reach $508.8 billion by 2030. This surge is primarily driven by the increasing integration of artificial intelligence (AI) and blockchain technologies to enhance video quality. AI is now pivotal in various facets of video production, including cinematography, editing, scriptwriting, and voice-overs. Notable AI-powered tools, such as Pictory and AVCLabs Video Enhancer AI, have been developed to upscale video resolution without compromising quality. Additionally, the widespread adoption of smartphones and the growing utilization of cloud-based solutions to broaden video content reach are significantly influencing market dynamics.

Key Insights

Market Segmentation:

Type: In 2023, linear video streaming, which refers to scheduled programming or live TV, dominated the market with a 60% share. This preference is attributed to the increasing use of digital media devices and the convenience of accessing online content in a scheduled manner. However, non-linear streaming, offering on-demand content without fixed schedules, is anticipated to grow at a higher rate during the forecast period, owing to its flexibility and user control features.
Offering: The solutions segment, encompassing internet protocol TV (IPTV), over-the-top (OTT) content, and pay-TV services, generated approximately $98 billion in revenue in 2023. OTT platforms, in particular, lead this segment by providing film and TV content without the need for traditional cable subscriptions. Features such as original content, hybrid monetization models, and content fragmentation contribute to their popularity. The availability of unlimited data plans and public Wi-Fi further encourages the adoption of OTT services.
Platform: Smartphones and tablets held the largest revenue share in 2023, accounting for 45% of the market. Factors such as easy internet accessibility, rising disposable incomes, and lifestyle changes contribute to this trend. These devices offer portability, offline viewing options, and user-friendly interfaces, making them a preferred choice for consumers.

Regional Trends:

Asia-Pacific is expected to experience the highest CAGR of 22.2% during the forecast period. This growth is driven by technological advancements, increased smartphone and tablet usage, and the rising popularity of online streaming in the region. Telecommunications companies are also innovating services and adopting advanced marketing strategies to cater to the growing demand.

Technological Advancements:

The deployment of 5G networks is a significant trend, offering higher data speeds and lower latency. This advancement enhances the streaming experience, supports the delivery of high-quality content, and facilitates the integration of augmented reality (AR) and virtual reality (VR) into video streaming services.

Competitive Dynamics:

Major players in the video streaming market include Netflix Inc., Amazon.com Inc., AT&T Inc., The Walt Disney Company, Alphabet Inc., Warner Bros. Discovery Inc., Paramount, and AMC Networks Inc. These companies are focusing on expanding their content libraries, investing in original productions, and enhancing user experiences to maintain a competitive edge.

Emerging Opportunities:

The increasing demand for live streaming, interactive content, and personalized viewing experiences presents significant opportunities for market players. Additionally, the integration of AI and machine learning to offer content recommendations and improve user engagement is expected to drive future growth.

The video streaming market is poised for substantial expansion, driven by technological innovations, evolving consumer preferences, and strategic initiatives by key industry players.

3 febbraio 2025

Global Demand for Digital Identity Solutions Surges Amid Cybersecurity Risks

The global digital identity solutions market is experiencing significant growth, with revenues projected to increase from USD 40.1 billion in 2024 to USD 117.42 billion by 2030, reflecting a compound annual growth rate (CAGR) of 19.6% during this period.

This surge is primarily driven by the escalating number of cybercrimes and fraudulent activities, particularly in the banking, financial services, and insurance (BFSI) and healthcare sectors. Technological advancements, such as the integration of artificial intelligence (AI), machine learning (ML), and blockchain, are enhancing the authentication capabilities of digital identity solutions, further propelling market expansion.

Key Insights

Segmentation Analysis:

Solution Types: The market offers a range of solutions, including identity verification, authentication, single-factor authentication, and multi-factor authentication. These solutions cater to diverse organizational needs, ensuring secure and efficient identity management.
Identity Types: Digital identity solutions encompass both biometric and non-biometric systems. Biometric solutions, utilizing fingerprints, iris scans, and facial recognition, provide heightened security, while non-biometric solutions offer alternative methods for identity verification.

Regional and Geographical Trends:

North America: Currently the largest market, North America’s dominance is attributed to the early adoption of advanced technologies and stringent regulatory frameworks aimed at combating identity fraud.
Asia-Pacific: Anticipated to be the fastest-growing region, the Asia-Pacific market is driven by rapid digitalization, increasing internet penetration, and rising awareness of identity security measures.

Technological Advancements Shaping the Market:

AI and ML Integration: The incorporation of AI and ML algorithms enhances the accuracy and efficiency of identity verification processes, enabling real-time detection of fraudulent activities.
Blockchain Technology: Blockchain offers a decentralized and tamper-proof method for storing digital identities, ensuring data integrity and reducing the risk of unauthorized access.

Competitive Dynamics, Major Players, and Emerging Opportunities:

The market is characterized by a fragmented landscape with numerous players striving for market share. Key companies are focusing on strategic partnerships, mergers, and acquisitions to enhance their offerings and expand their global presence.
Emerging opportunities lie in the development of identity wallets and the increasing demand for single sign-on (SSO) solutions, which streamline user access across multiple platforms while maintaining robust security protocols.

As organizations and governments worldwide recognize the critical importance of secure digital identity management, the digital identity solutions market is poised for substantial growth, driven by continuous technological innovations and the escalating need to combat cyber threats.

29 gennaio 2025

APAC Leads Near-Eye Display Market Expansion

The near-eye display market was valued at USD 2,891.8 million in 2024 and is projected to reach USD 9,799 million by 2030, growing at a CAGR of 22.6%. This growth is primarily driven by the increasing adoption of head-mounted displays (HMDs) across various industries due to their compact size, lightweight design, low power consumption, transparency, and portability.

Near-eye displays enhance user experience by projecting virtual images into one or both eyes, offering a significantly larger perceived image than the actual display panel. These features make them ideal for portable and immersive viewing experiences. Their rising demand is evident in sectors such as augmented reality (AR), virtual reality (VR), and wearable computing, where they enable cutting-edge applications in healthcare, consumer electronics, automotive, aerospace & defense, and entertainment.

Key Insights

The medical sector emerged as a key end-user, generating USD 256 million in 2022, with an expected CAGR of approximately 24.2% throughout this decade. HMDs are increasingly used in preoperative planning, patient education, and orthopedic surgical training. The continuous advancements in VR/AR technology are further enhancing their adoption in medical education and procedures.
TFT LCD technology held the largest market share in 2022, mainly due to its widespread use in HMDs and wearable displays such as see-through and immersive glasses. Its ability to provide high-resolution visuals with superior color accuracy makes it a preferred choice for detailed imaging.
The OLED segment is expected to witness significant growth in the coming years, driven by its advantages such as deep blacks, vibrant colors, high contrast ratios, and faster response times. These features help reduce latency and motion blur, particularly beneficial in high-speed gaming applications.
The demand for VR systems has surged in recent years, revolutionizing both social interactions and professional environments. The integration of near-eye displays into VR systems is contributing to this rapid adoption.
Asia-Pacific (APAC) led the market in 2022, driven by rapid technological advancements, widespread AR/VR adoption in gaming and entertainment, and the presence of major manufacturers in the region. The growing interest of Gen Z and millennials in gaming culture is further boosting demand for near-eye displays.
Continuous advancements in display technologies will sustain the growth of the near-eye display industry, enabling more immersive and high-quality visual experiences in various applications.

29 gennaio 2025

5G NTN Market Expands with Rising Demand for Connectivity

The global 5G Non-Terrestrial Network (NTN) market is experiencing significant growth, with its size projected to increase from USD 4.9 billion in 2024 to USD 25.2 billion by 2030, reflecting a compound annual growth rate (CAGR) of 31.0% during this period. This surge is driven by the expanding 5G infrastructure, rising demand for high-speed, low-latency connectivity in urban and suburban areas, increasing mobile data traffic, and government initiatives aimed at extending 5G access to a broader customer base.

Key Insights

Segmentation Analysis

The market is categorized by component into hardware, solutions, and services; by platform into Unmanned Aerial Systems (UAS), Low Earth Orbit (LEO), Medium Earth Orbit (MEO), and Geostationary Earth Orbit (GEO) satellites; by application into Enhanced Mobile Broadband (eMBB), Ultra-Reliable Low-Latency Communications (URLLC), and Massive Machine-Type Communications (mMTC); by end-use industry into maritime, aerospace and defense, government, and mining; and by location into urban, rural, remote, and isolated areas.

Regional and Geographical Trends

North America currently holds the largest market share, attributed to its advanced technological infrastructure and early adoption of 5G NTN solutions. However, the Asia-Pacific region is anticipated to experience the fastest growth, driven by substantial investments in 5G technology and increasing demand for enhanced connectivity in both urban and rural settings.

Technological Advancements Shaping the Market

The integration of satellite communication with 5G technology is a pivotal advancement, enabling cost-effective broadband and wireless connectivity in remote and underserved regions globally. This development facilitates communication in areas where traditional terrestrial networks are unavailable, such as the Arctic, Himalayas, and Amazon rainforest, as well as maritime and aerospace environments.

Competitive Dynamics, Major Players, and Emerging Opportunities

The 5G NTN market is characterized by a fragmented landscape, with key industry players engaging in strategic initiatives like mergers and acquisitions, partnerships, and product launches to strengthen their market position. The growing necessity for reliable connectivity in remote and rural areas presents significant opportunities for companies specializing in satellite-based communication solutions.

In summary, the 5G NTN market is poised for substantial growth, driven by technological innovations and increasing demand for ubiquitous connectivity across diverse regions and industries.

28 gennaio 2025

APAC Emerges as a Key Driver for Motor Monitoring Growth

According to P&S Intelligence, the motor monitoring market is projected to grow at a CAGR of 7.7% by 2030, reaching a valuation of USD 3,916 million.

On-Premises Deployment Dominates the Market

The on-premises segment has historically led the industry, accounting for 68% of the market share. Organizations widely prefer on-premises motor monitoring solutions due to the complete control they provide over data, ensuring higher privacy and security. Unlike cloud-based systems, on-premises deployment enhances system management and minimizes dependence on external factors like networks, as all data, hardware, and software remain under the organization’s ownership and control. This greater control over sensitive data makes on-premises solutions a popular choice among industries.

Oil & Gas Sector to Experience Significant Growth

The oil & gas sector is anticipated to grow at a CAGR of 8.4% during this period. This industry relies on highly complex systems, where even minor issues such as loosening, misalignment, or bearing wear can cause costly breakdowns with severe financial and environmental consequences. Induction motors play a critical role in oil and gas facilities, as they are versatile and durable, providing the rotational power required by numerous systems in refineries.

APAC to Lead Market Growth

The motor monitoring market in the Asia-Pacific (APAC) region is expected to grow at a CAGR of 8.8% by 2030, driven by rapid industrialization in India and China. India’s manufacturing industry, supported by initiatives like “Make in India,” has become a key growth driver. By 2023, the Indian manufacturing sector was projected to reach a valuation of USD 1,100 billion, setting the stage for a market growth rate of 8.7% by the decade’s end.

China, with its large population and position as a major manufacturing hub, has also witnessed significant investments in infrastructure and power sectors. The Chinese government has pledged USD 78 billion for the construction of 110 nuclear power reactors, set to be operational by 2030. These developments are fueling the adoption of advanced technologies like vibration sensors for condition-based motor monitoring.

Rising Demand for Predictive Maintenance

The increasing need for predictive maintenance solutions is driving the demand for motor monitoring systems. This trend is expected to continue as industries prioritize efficient operations and cost savings through proactive equipment monitoring.