Automotive Electronics Market Is Expected To Expand At A CAGR Of 8.8% From 2024 To 2030

Automotive Electronics Industry Overview

The global automotive electronics market size was valued at USD 262.60 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2030.

The increasing integration and implementation of advanced safety systems such as automatic emergency braking, airbags, parking assistance systems, and lane departure warning to decrease road accidents is expected to favor demand over the forecast period. Moreover, features such as emergency call systems, alcohol ignition interlocks, and accident data recorder systems are rapidly adopted to safeguard in-vehicle passengers and are expected to drive market growth over the forecast period.

Gather more insights about the market drivers, restrains and growth of the Automotive Electronics Market

The increasing demand for electric vehicles is driving the demand for automotive electronics. Many people are switching from fuel ignited vehicles to electrics vehicles, and this is increasing the demand for systems. It has increased the demand for battery management systems and electric powertrains of electric vehicles. However, apart from the growing demand for electric vehicles, government regulations and funding have also impacted positively the automotive electronics market growth.

Government imposed safety regulations which made automakers around the world improve the safety of vehicles and reduce the number of accidents on the roads, which boosts the demand for automotive electronics. Government safety regulations can also be used to support the development of new technologies, such as electric vehicles, which can improve efficiency and reduce emission from vehicles. For instance, China has laid down regulations focusing on reducing energy consumption of passenger cars and maximizing the sales of new energy vehicles, including plug-in hybrid and fully electric cars. Governments across various countries are providing annual tonnage tax and automobile tax to promote the use of electric vehicles.

Technological advancements have positively impacted the growth of automotive electronics. Advancements in areas such as automotive powertrain electronics, autonomous driving, and connected vehicles. The automotive electronics market forms an essential part of the automotive industry, which provides automakers and goods with efficient and sustainable automotive electronics solutions. The market for automotive electronics is likely to remain focused for industry players and policymakers as urbanization and the demand for automotive vehicles continue to grow.

Parking assistance, electrical suspensions, braking, and steering systems are some of the critical systems incorporated in luxury cars and mid-size cars. Furthermore, the government promotes the adoption of zero-emission vehicles and imposes obligatory safety standards for automotive manufacturers. Governments are also regulating the use of ADAS safety system installations in vehicles. For instance, the New Car Assessment Program mandates advanced active and passive safety systems in China and Europe. Also, the Indian government allows specific low-frequency band usage to help automotive manufacturers use radar-based systems to install ADAS features in vehicles. All these factors are driving the growth of the automotive electronics market.

Browse through Grand View Research’s Automotive & Transportation Industry Research Reports.

  • The global electric vehicle market size was estimated at USD 1,070.77 billion in 2023 and is anticipated to grow at a CAGR of 33.6% from 2024 to 2030.
  • The global luxury car market size was valued at USD 617.36 billion in 2022 and is expected to expand at a CAGR of 6.9% from 2023 to 2030.

Automotive Electronics Market Segmentation

Grand View Research has segmented the global automotive electronics market based on component, application, vehicle type, propulsion, sales channel, and region:

Automotive Electronics Component Outlook (Revenue, USD Million, 2018 – 2030)

  • Electronic Control Unit
  • Sensors
  • Current Carrying Devices
  • Others

Automotive Electronics Application Outlook (Revenue, USD Million, 2018 – 2030)

  • ADAS
  • Infotainment
  • Body Electronics
  • Safety Systems
  • Powertrain Electronics

Automotive Electronics Vehicle Type Outlook (Revenue, USD Million, 2018 – 2030)

  • Two Wheeler
  • Passenger Car
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

Automotive Electronics Propulsion Outlook (Revenue, USD Million, 2018 – 2030)

  • ICE
  • Electric

Automotive Electronics Sales Channel Outlook (Revenue, USD Million, 2018 – 2030)

  • OEM
  • Aftermarket

Automotive Electronics Regional Outlook (Revenue, USD Million, 2018 – 2030)

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Denmark
    • Sweden
    • Norway
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Thailand
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East and Africa
    • UAE
    • Saudi Arabia
    • South Africa

Key Companies profiled:

  • Continental AG
  • DENSO Corporation
  • Hella GmbH & Co. Kgaa
  • Hitachi Automotive Systems, Ltd.
  • Infineon Technologies AG
  • Robert Bosch GmbH
  • Valeo Inc.
  • Visteon Corporation
  • Xilinx, Inc.
  • ZF Friedrichshafen AG

Key Automotive Electronics Company Insights

Some of the key players operating in the market includeDenso Corporation, Robert Bosch GmbH, Xilinx, Inc., Continental AG, Hella GmbH & Co., ZF Friedrichshafen AG, and Infineon Technologies AG.

  • Denso Corporation is an automotive supplier offering electrification, powertrain, mobility, thermal, and electronic systems to carmakers across the globe. The company focuses on developing core technologies in four fields, namely automated driving, electrification, connected driving, and factory automation.
  • ZF Friedrichshafen AG is engaged in delivering active and passive safety technology for commercial vehicles and passenger cars. It operates through seven divisions, namely Car Chassis Technology, Car Powertrain Technology, Industrial Technology, Commercial Vehicle Technology, Active & Passive Safety Technology, e-Mobility, and ZF Aftermarket. The company has a presence in 230 locations across 40 countries globally.
  • Visteon Corporation, Hitachi Automotive Systems Ltd., MotoLink, and iElektron are some of the emerging market participants in the automotive electronics market.
  • Hitachi Automotive Systems Ltd. is engaged in development, manufacturing, sale, as well as service of industrial machines and systems, transportation related components, and automotive components in Japan and globally. It delivers engine management systems such as fuel systems, control units, intake and exhaust systems, ignition systems, engines, and sensors.
  • Visteon Corporation is a manufacturer of automotive cockpit electronics such as android based infotainment, instrument clusters telematics, advance driver assistance system, battery management system displays, domain controller. The company also develops mobility technologies based on artificial intelligence, interior sensing, cybersecurity, connected car technology and user experience

Recent Developments

  • In March 2023, Infineon Technologies AG expanded its partnership with Delta Electronics, Inc., an energy, and power management company that would deepen its innovative activities to provide higher density and more efficient solutions for the growing market of electric vehicles. With partnership would provide EV drivetrain applications such as on-board chargers, DC-DC converters, and traction inverters, along with a wide range of components such as low-voltage and high-voltage microcontrollers and discrete as well as modulus.
  • In January 2023, ZF Friedrichshafen AG announced the introduction of Smart Camera 6, a next-generation camera for automated driving and safety systems. The main focus of Smart Camera 6 is to fulfill the demand for 3D surround view and Interior Monitoring Systems with the support of Image Processing Module systems.

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Gene Therapy Market Is Expected To Expand At A CAGR Of 18.88% From 2024 To 2030

Gene Therapy Industry Overview

The global gene therapy market size was estimated at USD 5.54 billion in 2023 and is projected to grow at a CAGR of 18.88% from 2024 to 2030.

The market growth is attributed to many factors such as the expanding area of advanced therapies along with gene delivery technologies and progressive competition among key players focused on commercialization of their therapies. The biotechnology companies are investing in acquisitions, mergers/collaborations, and deals as a key strategy to increase in-house expertise and strengthen the product pipelines.

Gather more insights about the market drivers, restrains and growth of the Gene Therapy Market

The robust pipeline is expected to boost the market growth over the forecast period. Researchers are working to make gene therapy available at clinics. Various universities and institutes exhibit a broad portfolio of products in the pipeline which is expected to boost revenue generation over the forecast period. Clinical trials for gene therapy increased significantly from 2017 to 2018, after the FDA approved the first gene therapy. According to the American Society of Gene & Cell Therapy (ASGCT), around 1,986 products, including CAR T-cell therapies and other genetically modified cell therapies, are currently under development.

Moreover, improving regulatory support creates growth opportunities for the market over the forecast period. Several positive changes have been made by many international regulatory organizations to promote therapies. Support for CAR-T technology from the FDA is one of the examples. In phase II and III studies, in particular, regulators allow flexibility in the usual hierarchy of how clinical trials are conducted. Moreover, the FDA expects 10 to 20 new therapies to be approved annually by 2025.

Furthermore, an increase in funding and investments in this sector is expected to provide lucrative growth opportunities to market players. Several biopharma companies are investing in this sector for novel product launches. For instance, in January 2022, Ori Biotech raised more than USD 100.0 million in Series B funding to introduce a novel cell & gene therapy developing platform. This funding allowed for a rapid transition from pre-commercialization to market launch.

Browse through Grand View Research’s Biotechnology Industry Research Reports.

  • The global clinical trials market size was valued at USD 80.7 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.49% from 2024 to 2030.
  • The global stem cells market size was valued at USD 14.80 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 11.43% from 2024 to 2030.

Gene Therapy Market Segmentation

Grand View Research has segmented the global gene therapy market report based on indication, vector type, route of administration, and region:

Gene Therapy Indication Outlook (Revenue, USD Million, 2018 – 2030)

  • Large B-Cell Lymphoma
  • Multiple Myeloma
  • Spinal Muscular Atrophy (SMA)
  • Acute Lymphoblastic Leukemia (ALL)
  • Melanoma (lesions)
  • Inherited Retinal Disease
  • Beta-Thalassemia Major/SCD
  • Others

Gene Therapy Vector Type Outlook (Revenue, USD Million, 2018 – 2030)

  • Lentivirus
  • RetroVirus & gamma RetroVirus
  • AAV
  • Modified Herpes Simplex Virus
  • Adenovirus
  • Others

Gene Therapy Route of Administration Outlook (Revenue, USD Million, 2018 – 2030)

  • Intravenous
  • Others

Gene Therapy Regional Outlook (Revenue, USD Million, 2018 – 2030)

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • Switzerland
  • Asia Pacific
    • Japan
    • China
    • South Korea
    • Australia
  • Rest of the world

Key Companies profiled:

  • Amgen Inc.
  • Novartis AG
  • Hoffmann-La Roche
  • Gilead Sciences, Inc.
  • bluebird bio, Inc.
  • Bristol-Myers Squibb Company
  • Legend Biotech.
  • uniQure N.V.
  • Merck & Co.
  • Sarepta Therapeutics, Inc.
  • Krystal Biotech, Inc.
  • CRISPR Therapeutics.

Key Gene Therapy Company Insights

The market players operating in the gene therapy market are adopting product approval to increase the reach of their products in the market and improve the availability of their products in diverse geographical areas, along with expansion as a strategy to enhance production/research activities. In addition, several market players are acquiring smaller players to strengthen their market position. This strategy enables companies to increase their capabilities, expand their product portfolios, and improve their competencies.

Recent Developments

  • In January 2024, Biogen and Ginkgo Bioworks announced the completion of their gene therapy collaboration involving AAV based vectors. This is expected to fuel the demand for gene therapies in the coming years.
  • In December 2023, the Swiss Agency for Therapeutic Products granted approval to Libmeldy for the treatment of early-onset metachromatic leukodystrophy.
  • In May 2023, Krystal Biotech was granted approval for VYJUVEK gene therapy for Dystrophic Epidermolysis Bullosa treatment
  • In June 2023, the U.S. FDA granted approval to Sarepta for  ELEVIDYS gene therapy to treat DMD in children of age 4-5 years

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Waste Management Market Is Expected To Expand At A CAGR Of 5.4% From 2023 To 2030

Waste Management Industry Overview

The global waste management market size was valued at USD 1,293.70 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2030.

The market is expected to be driven by stringent government regulations such as the Resource Conservation and Recovery Act and Waste Shipment Regulation for improving this service. During the COVID-19 pandemic, due to the lockdown, waste production decreased from the commercial and industrial sectors as factories and offices were completely or partially shut down. However, the urban waste increased from residential areas. The reopening of production facilities at the beginning of 2021 and rising vaccination rates lead to the re-initiation of the waste recycling industry and companies at their full-scale capacities.

Gather more insights about the market drivers, restrains and growth of the Waste Management Market

The U.S. was one of the majorly COVID-19 affected countries, wherein the government had imposed a lockdown in 2020 to control the spread of the virus, resulting in the reduction of waste generation from the industrial sector. By 2021, the production facilities have started their operation, resulting in increased waste generation, thereby impacting the market growth positively.

Rising awareness regarding proper waste disposal globally for maintaining animal and human health has resulted in the emergence of various disposal methods and techniques. The occurrence of large quantities of dangerous compounds, such as metals and salts, in the waste, has made it necessary for waste management companies to dispose of or recycle the waste on time.

The market is dominated by a few major players such as Veolia; Covanta; Valicor; and Waste Management Inc., which have large customer bases and goodwill, limiting new entrants. New market entrants are also expected to witness high capital costs owing to the advanced nature of processing technologies. This is expected to lower the threat of new entrants, thereby limiting the competition in the market.

The high cost of operating and procuring waste management solutions is anticipated to impact the market growth. Additionally, the industry is labor-intensive and can require a lot of amount as their wages. Costs of transportation of waste are also high as the cost includes collection costs and transportation costs to recycle facilities or landfills.

Browse through Grand View Research’s Water & Sludge Treatment Industry Research Reports.

Waste Management Market Segmentation

Grand View Research has segmented the global waste management market on the basis of based on service type, waste type, and region:

Waste Management Service type Outlook (Revenue, USD Billion; 2018 – 2030)

  • Collection
  • Transportation
  • Disposal

Waste Management Waste Type Outlook (Revenue, USD Billion; 2018 – 2030)

  • Municipal Waste
  • Medical Waste
  • Industrial Waste
  • E-waste

Waste Management Regional Outlook (Revenue, USD Billion; 2018 – 2030)

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
  • Central & South America
    • Brazil
    • Argentina
  • Middle East & Africa
    • South Africa
    • UAE

Key Companies profiled:

  • Waste Management
  • Suez
  • Valicor
  • Veolia
  • Waste Connections
  • Republic Services
  • Biffa
  • Clean Harbors
  • Covanta Holding
  • Daiseki
  • Hitachi Zosen
  • Remondis Se & Co. Kg
  • Urbaser
  • Fcc Environment
  • Biomedical Waste Solutions
  • Stericycle

Key Waste Management Company Insights

Generic strategies adopted by the companies usually include mergers & acquisitions, distribution network expansion, and product portfolio expansion. For instance, in February 2020, Valicor acquired Affiliated Wastewater Environmental Services to expand its network in the U.S. and strengthen its position as one of the major providers of wastewater treatment services in the country.

Major players in the market are vertically integrated across the supply chain, wherein they provide waste collection, transportation, and disposal services. This results in optimizing the operational cost and increasing profit margins, thereby enabling the companies to obtain a significant share in the industry.

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Lab Automation Market Is Expected To Expand At A CAGR Of 6.64% From 2023 To 2030

Lab Automation Industry Overview

The global lab automation market size was estimated at USD 6.87 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.64% from 2023 to 2030.

Laboratory automation utilizes a special kind of technology to streamline or substitute the manual manipulation of methods and equipment. Based on the laboratory workflow, the level and degree of automation are decided. The higher adoption of automated instruments is most often observed at academic and research institutes to bolster productivity and decrease the time spent on different time-consuming tasks.

In addition, the rising use of automated instruments for drug discovery and development purposes is further anticipated to propel the market growth during the forecast period. For instance, in June 2022, Insilico Medicine announced its plans to launch an automated AI-driven robotics laboratory for drug discovery.

Gather more insights about the market drivers, restrains and growth of the Lab Automation Market

The increasing number of benefits offered by process automation is one of the critical factors driving the growth of the market. For clinical laboratories, a paradigm shift from manual operation to laboratory automation has several advantages. Some major advantages of lab automation include enhanced productivity, safe working conditions, reliable results, and a great saving of time, effort, and overall cost of the product.

Moreover, lab automation facilitates the efficiency of laboratory equipment for processes such as sample handling, verifications, and labeling tubes, and helps lower the physical strain due to manual processes. Thus, numerous benefits offered by automated systems are projected to facilitate small and medium-scale laboratories to use automated systems for enhanced productivity.

Increase in demand for miniaturization of the process is another factor driving the global market. One of the main reasons for the adoption of automated technologies in clinical laboratories is to accelerate the miniaturization of research processes to derive solutions for various complex lab automation processes for applications such as microbiology, biotechnology, and clinical chemistry. Moreover, miniaturization makes it simpler to expand, monitor, and cultivate cells, which speeds up turnaround times, particularly in point-of-care settings.

Moreover, the market growth is expected to be driven by the increasing range of applications for lab automation. Various laboratory processes that were formerly done manually have been revolutionized by lab automation. Automated chemistry, synthetic biology, cell line development, genomics, cellular assays, drug discovery, and other applications are among them. Therefore, the adoption of lab automation systems is anticipated to be fueled by the expanding clinical applications of automated instruments in laboratories.

Browse through Grand View Research’s Biotechnology Industry Research Reports.

  • The global biotechnology market was valued at USD 1.55 trillion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 13.96% from 2024 to 2030.
  • The global synthetic biology market size was valued at USD 13.09 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 18.97% from 2023 to 2030.

Lab Automation Market Segmentation

Grand View Research has segmented the global lab automation market based on process, automation type, end-use, and region:

Lab Automation Process Outlook (Revenue, USD Million, 2018 – 2030)

  • Continuous Flow
    • By Workflow
      • Sequential Processing
      • Parallel Processing
    • By Components
      • Consumables
      • Equipment
    • Discrete Processing
      • By Method
        • Centrifugal Discrete Processing
        • Random Access Discrete Processing
      • By Components
        • Consumables
        • Equipment
      • By Workflow
        • Dependent Analysis
        • Independent Analysis

Lab Automation Type Outlook (Revenue, USD Million, 2018 – 2030)

  • Total Automation Systems
    • By Steps
      • Pre-analysis
        • Centrifugation
        • Sample Preparation
        • Sample Sorting
      • Transport Mechanisms
      • Liquid Handling
      • Sample Storage
      • Sample Analysis
    • Modular Automation Systems
      • By Steps
        • Specimen Acquisition & Identification & Labelling
        • Transport Mechanisms
        • Sample Preparation
        • Sample Loading & Aspiration
        • Reagent Handling & Storage
        • Sample Analysis & Measurements

Lab Automation End-use Outlook (Revenue, USD Million, 2018 – 2030)

  • Clinical Chemistry Analysis
  • Photometry & Fluorometry
  • Immunoassay Analysis
  • Electrolyte Analysis
  • Other end-uses

Lab Automation Regional Outlook (Revenue, USD Million, 2018 – 2030)

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Sweden
    • Denmark
    • Norway
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Thailand
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • MEA
    • South Africa
    • Saudi Arabia
    • UAE
    • Kuwait

Key Companies profiled:

  • QIAGEN
  • PerkinElmer Inc.
  • Thermo Fisher Scientific, Inc.
  • Siemens Healthcare GmbH
  • Danaher
  • Agilent Technologies, Inc.
  • Eppendorf SE
  • Hudson Robotics
  • Aurora Biomed Inc.
  • BMG LABTECH GmbH
  • Tecan Trading AG
  • Hamilton Company
  • Hoffmann-La Roche Ltd

Key Lab Automation Company Insights

The key players in the market are undertaking various strategic initiatives to maintain their market presence. In addition, these initiatives help players bolster their business avenues. For instance, in January 2023 Becton, Dickinson and Company (BD) launched its third-generation lab automation system for microbiology labs. The newly launched BD Kiestra is an ideal solution for automating lab specimen processing.

Order a free sample PDF of the Lab Automation Market Intelligence Study, published by Grand View Research.

Commercial Drone Market Is Expected To Expand At A CAGR Of 13.9% From 2023 To 2030

Commercial Drone Industry Overview

The global commercial drone market size was estimated at USD 19.89 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 13.9% from 2023 to 2030.

The market growth is attributed to the increasing enterprise application of drones across various industry verticals. Several drone manufacturers are continually testing, inventing, and upgrading solutions for diverse markets. Besides, the integration of modern technologies in commercial drones to deliver enhanced solutions is opening new growth opportunities for the commercial drone industry. The business use cases of commercial drones have expanded significantly over the past few years.

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Drones are increasingly adopted in the construction and real estate sectors due to their ability to survey a property, offer constant and exact project alerts, increase safety, and prevent harmful accidents on construction sites. Moreover, their conventional applications, such as monitoring, surveillance, and security, have boosted the product demand for search and rescue operations, identifying unstable roofs in dangerous and inaccessible positions, and inspecting elevated infrastructure that might damage equipment such as electrical cables.

The commercial drone market growth is further driven by technological advances in electronics, such as modern computing, microcontrollers, processors, mobile hardware, and cameras. For instance, in September 2022, AeroVironment Inc. launched Vapor 55MX, a next-generation VAPOR Helicopter that caters to customers from the defense, commercial, and industrial sectors.

Technological advancements allow companies to design and construct measurement and annotation tools for estimating area, volume, and distance. As a result, organizations are constantly adopting Artificial Intelligence (AI) and Machine Learning (ML) solutions to retrieve accurate findings from large volumes of data. Integration of these modern technologies provides the industry with ample opportunities as they facilitate real-time, data-driven decision-making through high-speed data capture, processing, and transfer. AI-powered drones also allow users to interact and observe footage captured by other drones in real-time and track their flight paths.

Furthermore, due to the COVID-19 outbreak, there has been a significant surge in the use of drone technology in various contexts, with drones becoming immensely beneficial in such scenarios. To speed up transportation turnaround times and reduce the risk of infection, drones were widely used in the healthcare industry for the pickup and delivery of test samples and the transportation of medical supplies. According to UNICEF, over eighteen countries used drones for delivery and transportation throughout the pandemic.

Browse through Grand View Research’s Next Generation Technologies Industry Research Reports.

  • The global microcontroller market size was valued at USD 32.37 billion in 2023 and is projected to expand at a compound annual growth rate CAGR of 11.7% from 2024 to 2030.
  • The global machine learning market size was valued at USD 36.73 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 34.8% from 2023 to 2030.

Commercial Drone Market Segmentation

Grand View Research has segmented the global commercial drone market based on product, application, end-use, propulsion type, range, operating mode, endurance, maximum takeoff weight, and region:

Commercial Drone Product Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 – 2030)

  • Fixed wing
  • Hybrid
  • Rotary blade

Commercial Drone Application Outlook (Revenue, USD Million, 2018 – 2030)

  • Commercial
    • Filming & Photography
    • Inspection & Maintenance
    • Mapping & Surveying
    • Precision Agriculture
    • Surveillance & Monitoring
    • Others
  • Government & Law Enforcement
    • Firefighting & Disaster Management
    • Search & Rescue
    • Maritime Security
    • Border Patrol
    • Police Operations
    • Traffic Monitoring
    • Others

Commercial Drone End-use Outlook (Revenue, USD Million, 2018 – 2030)

  • Agriculture
  • Delivery & Logistics
  • Energy
  • Media & Entertainment
  • Real Estate & Construction
  • Security & Law Enforcement
  • Others

Commercial Drone Propulsion Type Outlook (Revenue, USD Million, 2018 – 2030)

  • Gasoline
  • Electric
  • Hybrid

Commercial Drone Range Outlook (Revenue, USD Million, 2018 – 2030)

  • Visual Line of Sight (VLOS)
  • Extended Visual Line of Sight (EVLOS)
  • Beyond Visual Line of Sight (BVLOS)

Commercial Drone Operating Mode Outlook (Revenue, USD Million, 2018 – 2030)

  • Remotely Piloted
  • Partially Piloted
  • Fully Autonomous

Commercial Drone Endurance Outlook (Revenue, USD Million, 2018 – 2030)

  • <5 Hours
  • 5 – 10 Hours
  • >10 Hours

Commercial Drone Maximum Takeoff Weight Outlook (Revenue, USD Million, 2018 – 2030)

  • <25 Kg
  • 25 – 500 Kg
  • >500 Kg

Commercial Drone Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 – 2030)

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Ireland
    • Sweden
    • Denmark
    • Norway
    • Finland
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa (MEA)
    • UAE
    • South Africa

Key Companies profiled:

  • Aeronavics Ltd.
  • AeroVironment Inc.
  • Autel Robotics
  • SZ DJI Technology Co Ltd
  • Draganfly Innovations Inc.
  • Guangzhou EHang Intelligent Technology Co. Ltd
  • Intel Corporation
  • Parrot Drones SAS
  • PrecisionHawk Inc.
  • YUNEEC International

Key Commercial Drone Company Insights

The key players operating in the commercial drone market are focusing on developing innovative solutions to attract a large customer base and gain a competitive edge in the industry. In January 2023, Autel Robotics launched EVO Max 4T drone, a sophisticated and highly innovative flying platform that is suitable for both business and consumer applications. It provides considerable navigational and self-reliance capabilities due to high-end autonomous flying technology and Artificial Intelligence. It also comes with tri-anti-interference and omnidirectional obstacle avoidance capabilities that ensure flight safety and stability in high-interference environments.

Order a free sample PDF of the Commercial Drone Market Intelligence Study, published by Grand View Research.

Indoor Distributed Antenna Systems Market Is Expected To Expand At A CAGR Of 18.2% From 2024 To 2030

Indoor Distributed Antenna Systems Industry Overview

The global indoor distributed antenna system market size was estimated at USD 5.28 billion in 2023 and is projected to grow at a CAGR of 18.2% from 2024 to 2030.

The widespread use of smartphones, tablets, and various wireless gadgets has created a growing need for reliable and fast wireless connections. The growth of the Internet of Things (IoT) and the deployment of 5G networks have driven the demand for more extensive and higher-capacity indoor wireless coverage. Moreover, regulations and mandates for public safety communications, such as FirstNet in the U.S., have increased the adoption of indoor distributed antenna systems in places such as airports, stadiums, and commercial buildings to ensure that emergency services have reliable connectivity. This demand extends to indoor spaces, where people increasingly expect uninterrupted access to communication and data services. These solutions are indispensable for enterprises seeking to foster a conducive work environment. By ensuring that employees and customers remain seamlessly connected, businesses can unlock improved productivity and heightened customer satisfaction, thus fostering growth and success.

Gather more insights about the market drivers, restrains and growth of the Indoor Distributed Antenna Systems Market

The distributed antenna system (DAS) comprises a comprehensive network of strategically positioned antennas that span a building or indoor environment. These antennas are intricately connected to a central hub or base station, which serves as the core for distributing wireless signals throughout the facility. The primary objective of distributed antenna system is to enhance and extend the coverage and capacity of wireless networks, including cellular, Wi-Fi, and public safety communications. The market is designed to improve wireless coverage and capacity, specifically within buildings, structures, or enclosed spaces. The significance of these systems arises from the growing demand for connectivity, their crucial role in business productivity and public safety, and the increasing data requirements of our modern digital age. As technology evolves, this market is essential in ensuring that individuals and organizations can enjoy a seamless and reliable indoor wireless experience.

Indoor distributed antenna systems play a pivotal role in various industries, such as healthcare, manufacturing, hospitality & commercial, transportation & logistics, and others by ensuring robust indoor wireless connectivity. In office buildings, they facilitate uninterrupted communication and access to critical business applications, enhancing productivity and visitor experiences. Distributed Antenna Systems enriches the shopping experience in shopping malls, supports location-based marketing, and drives customer engagement. Within healthcare facilities, it is a lifeline for timely communication among healthcare professionals and provides patients with connectivity for comfort and stress reduction. DAS accommodates high-density crowds at stadiums and arenas, enhancing attendee experiences and enabling effective event organization. In the hospitality sector, these systems meet the evolving connectivity needs of guests and conferences, improving guest satisfaction and attracting events. Across these diverse use cases, indoor distributed antenna systems is a connectivity enabler, fostering improved experiences, productivity, and safety, making it an integral part of modern indoor infrastructure.

The indoor distributed antenna systems market is experiencing significant growth due to several key drivers. The increasing demand for enhanced connectivity, fueled by the widespread use of mobile and IoT devices, underscores the importance of DAS in ensuring seamless indoor wireless coverage. The rise in data consumption from activities like video streaming and online gaming necessitates robust network solutions, positioning distributed antenna systems as a crucial infrastructure component. Furthermore, advancements in technologies such as 5G and Wi-Fi 6 require indoor systems that can support higher speeds and lower latency, making distributed antenna systems essential. Public safety requirements also play a significant role, with regulations mandating reliable communication systems for emergency responders, which DAS supports effectively.

Browse through Grand View Research’s Communications Infrastructure Industry Research Reports.

  • The global distributed antenna systems market size was estimated at USD 8.68 billion in 2023 and is expected to expand at a CAGR of 18.0% from 2024 to 2030.
  • The global fiber optics market size was valued at USD 8.76 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.9% from 2023 to 2030.

Indoor Distributed Antenna Systems Market Segmentation

Grand View Research has segregated the global indoor DAS market on the basis of component, type, financing model, facility type, application, and region.

Indoor DAS Component Outlook (Revenue, USD Million, 2017 – 2030)

  • Hardware
    • Antenna Nodes/Radio Nodes
    • Base Station
    • Others
  • Software
  • Services

Indoor DAS Type Outlook (Revenue, USD Million, 2017 – 2030)

  • Active
  • Passive
  • Hybrid

Indoor DAS Financing Model Outlook (Revenue, USD Million, 2017 – 2030)

  • Operator Funded
  • Build to Suit (Third Party Owner)
  • Venue/Customer Funded

Indoor DAS Facility Type Outlook (Revenue, USD Million, 2017 – 2030)

  • Large Buildings (Over 500 thousand square feet)
  • Medium Buildings (50 thousand to 499 thousand square feet)
  • Small Buildings (Below 50 thousand square feet)

Indoor DAS Application Outlook (Revenue, USD Million, 2017 – 2030)

  • Healthcare
  • Commercial Buildings
  • Residential Building
  • Corporate Spaces
  • Educational Institute
  • Manufacturing
  • Hospitality
  • Transportation & Logistics
  • Public Sector
  • Others

Indoor DAS Regional Outlook (Revenue, USD Million, 2017 – 2030)

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Switzerland
    • Netherlands
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Thailand
    • Philippines
    • Indonesia
    • Malaysia
    • Bangladesh
  • Latin America
    • Brazil
    • Argentina
    • Colombia
    • Chile
    • Peru
  • Middle East
    • UAE
    • Saudi Arabia
    • Qatar
    • Oman
    • Kuwait
  • Africa
    • South Africa
    • Morocco
    • Egypt
    • Nigeria
    • Kenya

Key Companies profiled:

  • CommScope
  • Corning Incorporated
  • Comba Telecom Systems Holdings Ltd.
  • ATC TRS V LLC
  • HUBER+SUHNER
  • TE Connectivity
  • Telefonaktiebolaget LM Ericsson
  • Nokia
  • ZTE Corporation
  • Huawei Technologies Co., Ltd.
  • Galtronics
  • Boingo Wireless, Inc.
  • PBE Group

Key Indoor Distributed Antenna Systems Company Insights

Some of the key companies operating in the Market include Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd, among others.

  • Telefonaktiebolaget LM Ericsson is one of the leading companies in the indoor distributed antenna systems market and offers a wide range of indoor DAS solutions. The company’s portfolio includes antennas, antenna system accessories, and radios, such as the Indoor AIR 1279, for indoor applications. The company invests significantly in Research and Development (R&D) to introduce innovative solutions. In 2023, it spent USD 5.03 billion on R&D, an increase of over 7% in its R&D expenses from 2022.
  • Huawei Technologies Co., Ltd. provides a wide range of antenna and indoor connectivity solutions through its LampSite range of solutions. Huawei LampSite Family solutions adapt seamlessly to a variety of indoor scenarios, catering to both varying capacity requirements and coverage needs. In recent years, Huawei Technologies Co., Ltd. has engaged in product development and partnerships & collaborations to improve its indoor connectivity solutions. The company’s global presence has also contributed to its dominance in the market.

Blu Wireless, and SOLiD are some of the emerging market companies in the target market.

  • SOLiD is an emerging player in the Indoor DAS market, gaining recognition for its cutting-edge technology and flexible solutions. The company focuses on addressing the connectivity challenges in various environments such as commercial buildings, hospitals, educational institutions, transportation hubs, and large venues like stadiums and shopping malls. By offering scalable and customizable DAS solutions, SOLiD caters to a wide range of customers, from small enterprises to large network operators.
  • As an emerging player in the Indoor DAS market, Blu Wireless is gaining recognition for its advanced mmWave solutions that provide ultra-high-speed connectivity and significant bandwidth. The company’s technology is particularly suited for environments that require high data rates and low latency, such as smart buildings, transport hubs, and large public venues. Blu Wireless’s mmWave technology is integral to the deployment of 5G networks, making it a key player in the evolving landscape of indoor wireless communication.

Recent Developments

  • In January 2024, Rosenberger Hochfrequenztechnik GmbH & Co. KG, partnered with TTI, Inc.- Europe, a German-based, distributor of various components, including passive and interconnect components. This agreement ensures the immediate availability of Rosenberger Hochfrequenztechnik GmbH & Co. KG’s product portfolio to customers in the Europe, Middle East & Africa (EMEA) region, leveraging TTI, Inc.- Europe’s extensive sales network.
  • In March 2024, Boldyn Networks announced the acquisition of Apogee, a provider of on-campus connectivity infrastructure in the U.S. The higher education industry is bolstering Boldyn Networks’ presence and capabilities in the education sector and fueling its rapid expansion in the U.S. Apogee’s clients are expected to benefit from Boldyn Networks’ expanded wireless solutions, combining their full range of infrastructure. offerings and substantial investment to enhance connectivity nationwide, especially within the higher education sector.

Order a free sample PDF of the Indoor Distributed Antenna Systems Market Intelligence Study, published by Grand View Research.

Luxury Hotel Market Is Expected To Expand At A CAGR Of 3.8% From 2023 To 2030

Luxury Hotel Industry Overview

The global luxury hotel market size was valued at USD 93.59 billion in 2022 and is anticipated to expand at a compound annual growth rate (CAGR) of 3.8% from 2023 to 2030. Emerging tourism and corporate industries across various regions, rising disposable income, increasing standard of living of people, and rise in preference for leisure travel are expected to drive the market.

The rise in purchasing power and standard of living are some of the key factors responsible for attracting customers to luxury resorts. As more money is being injected into the economy, demand for luxury accommodations for corporate events, corporate stays, and leisure trips is rising.

Hosting of sports events by a city or country has also been a major factor pushing the demand for luxury accommodations. Sports teams, as well as spectators traveling from various destinations for the tournament, tend to book their stays in luxury hotels, thus leading to a rise in the number of bookings.

Gather more insights about the market drivers, restrains and growth of the Luxury Hotel Market

Major players in the market are investing heavily in infrastructure and upgrading their properties with the latest equipment to enhance aesthetics and overall comfort offered to customers. Control4 Corporation, Crestron Electronics, Inc., and AMX LLC are some of the major companies providing automation solutions for controlling lighting, security, entertainment, energy, and other connected devices with an Internet of Things (IoT) ecosystem.

For instance, Star Hotel & Casino in Sydney offers complete guest control for their 174 luxury suites. The suites are integrated with a Control4 system that enables customers to control the television, music system, room temperature, blinds, and lights wirelessly through tablet/mobile applications. The system also incorporates light sensors that help save energy by switching lights off after 30 minutes of the room being unoccupied.

The Gateway Canyon Resort in Colorado has installed an automation system by Crestron Electronics, Inc. for controlling and monitoring electrical fittings and electronics in its rooms. Kapari, a luxury hotel in Santorini Island, has installed an automated control system by AMX LLC in each room to enable high-tech room control for their guests.

On the other hand, a constant increase in travel & tourism spending is expected to impact the luxury hotel industry positively. With the increase in disposable income, there is usually an enhancement in people’s standard of living, which attracts them to luxury hotels for comfort and enriching experiences. The data substantiate that global trends are changing, and people are opting for luxury hotels and resorts for leisure and corporate meetings and activities.

The government regulations and policies on the tourism industry and tax implications on the luxury hotel market are anticipated to affect the market over the forecast period. The Albanian government has revised its tourism law by relaxing the criteria hotels must comply with to obtain a luxury hotel status. According to the revised law, a 5-star hotel with a minimum investment of USD 17.4 billion would get tax exemptions on these investments. Moreover, hotels receiving special status from the government would benefit from tax exemptions for ten years.

Browse through Grand View Research’s Next Generation Technologies Industry Research Reports.

Luxury Hotel Market Segmentation

Grand View Research has segmented the global luxury hotel market based on type, and region:

Luxury Hotel Type Outlook (Revenue in USD Billion, 2017 – 2030)

  • Business Hotels
  • Airport Hotels
  • Holiday Hotels
  • Resorts & Spa
  • Others

Luxury Hotel Regional Outlook (Revenue in USD Billion, 2017 – 2030)

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • UAE

Key Companies profiled:

  • Accor
  • Belmond Management Limited
  • Four Seasons Hotel Limited
  • InterContinental Hotel Group
  • Mandarin Oriental Hotel Group Limited
  • Marriott International, Inc.
  • Rosewood Hotel Group
  • The Indian Hotel Company Limited
  • Radisson Hotel Group.

Recent Developments

  • June 2023, Accor, a French international hospitality group, announced it would open more than 1,200 hotels over the next five years, expanding the number of resorts by one-fifth. The company aims to enhance its geographical presence and strengthen its financial portfolio.
  • In June 2023, Marriott International, Inc. signed an agreement with Hiap Hoe Limited, a Singapore-based premium real estate company, to bring the design-forward Aloft Hotel brand to Singapore through HH Properties Pte. Ltd. The 785-room hotel is planned to open in 2023 after a strategic makeover, marking the debut of the Aloft brand in Singapore.
  • In June 2023, Outrigger Hotel Hawaii announced plans to invest in Hawaii by purchasing Kauai Beach Resort & Spa. The resort is situated on 25 acres of beachfront property with 350 bedrooms and is located on the Hawaiian island of Kauai.
  • In June 2023, Blackstone Real Estate Income Trust, Inc., a real estate investment platform, and Ryman Hospitality Properties, Inc., a hotel and resort company, both based in the U.S., announced an agreement to sell the JW Marriott San Antonio Hill Country Resort & Spa in San Antonio, Texas to Blackstone.
  • In June 2023, Radisson Hotel Group announced the signing of seven additional hotels. The company aims to expand the Group’s chain with a fresh entry into the market of Gambia, including the first Radisson Collection in Nigeria, Egypt, and Kenya.
  • In February 2023, Hyatt finalized the acquisition of Dream Hotel Group, which adds 12 lifestyle hotels and 24 strategic management agreements for additional openings to the global hospitality powerhouse’s portfolio. It also includes lifestyle brands such as Dream Hotel, Unscripted Hotel, and The Chatwal.

Order a free sample PDF of the Luxury Hotel Market Intelligence Study, published by Grand View Research.

DNA Synthesis Market Is Expected To Expand At A CAGR Of 15.30% From 2024 To 2030

DNA Synthesis Industry Overview

The global DNA synthesis market size was estimated at USD 3.13 billion in 2023 and is projected to grow at a CAGR of 15.30% from 2024 to 2030.

Market growth can be attributed to the increasing demand for DNA synthesis due to its applications in molecular biology, genetic engineering, and clinical diagnostics & therapeutics. In addition, the growing demand for research in drug discovery and personalized medicine is likely to impact market growth positively over the forecast period.

Gather more insights about the market drivers, restrains and growth of the DNA Synthesis Market

DNA synthesis has evolved from a primarily research-focused tool to becoming a cornerstone in clinical diagnostics, offering valuable insights into the genetic underpinning of diseases and contributing to more accurate diagnoses & personalized treatment approaches. DNA synthesis has enabled an understanding of genetic variations that may contribute to an individual’s susceptibility to diseases or influence the progression of existing conditions. This is particularly evident in the field of cancer genomics, where DNA synthesis is used to characterize the genomic landscape of tumors, identify driver mutations, and guide targeted therapies.

In addition, the field of synthetic biology focused on the design & construction of biological components and systems for novel applications, relies heavily on custom gene synthesis. The rise of gene therapy and genome editing technologies, such as CRISPR-Cas9, requires custom gene synthesis for designing therapeutic genes, regulatory elements, and gene editing tools. Upon realizing the high potential of genomics in medicine and healthcare, researchers are being encouraged to conduct studies based on artificial gene synthesis. Programs such as the Precision Medicine Initiative, and advancements in companion diagnostic studies have increased the adoption of expression analysis. A high number of expression studies that utilize probes and primers is anticipated to boost the demand for DNA synthesis.

Furthermore, the regulatory environment for genetic research varies from country to country. Many developed and emerging countries recently introduced changes in the regulatory policies related to gene editing and genetic engineering. Identifying the potential applications of genetics in medicine and human health, restrictions on genetic studies have been lifted to allow research for medicine and health. This provides researchers an opportunity to practically implement existing knowledge as well as explore novel approaches.

Browse through Grand View Research’s Biotechnology Industry Research Reports.

  • The global precision medicine market size was estimated at USD 87.50 billion in 2023 and is projected to grow at a CAGR of 16.3% from 2024 to 2030.
  • The global gene therapy market size was estimated at USD 5.54 billion in 2023 and is projected to grow at a CAGR of 18.88% from 2024 to 2030.

DNA Synthesis Market Segmentation

Grand View Research has segmented the global DNA synthesis market on the basis of service type, application, end-use, and region:

DNA Synthesis Service Type Outlook (Revenue, USD Million, 2018 – 2030)

  • Oligonucleotide Synthesis
  • Standard Oligonucleotide Synthesis
  • Custom Oligonucleotide Synthesis
  • Gene Synthesis
  • Custom Gene Synthesis
  • Gene Library Synthesis

DNA Synthesis Length Outlook (Revenue, USD Million, 2018 – 2030)

  • Oligonucleotide Synthesis
  • Gene Synthesis

DNA Synthesis Application Outlook (Revenue, USD Million, 2018 – 2030)

  • Research and Development
  • Diagnostics
  • Therapeutics

DNA Synthesis End-use Outlook (Revenue, USD Million, 2018 – 2030)

  • Biopharmaceutical and Diagnostics Companies
  • Academic and Research Institutes
  • Contract Research Organizations

DNA Synthesis Regional Outlook (Revenue, USD Million, 2018 – 2030)

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Denmark
    • Sweden
    • Norway
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Thailand
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • MEA
    • South Africa
    • Saudi Arabia
    • UAE
    • Kuwait

Key Companies profiled:

  • Thermo Fisher Scientific, Inc
  • Twist Bioscience
  • BIONEER CORPORATION
  • Eton Bioscience, Inc.
  • LGC Biosearch Technologies
  • IBA Lifesciences GmbH
  • Eurofins Scientific
  • Integrated DNA Technologies, Inc.
  • Quintara Biosciences
  • GenScript

Recent Developments

  • In May 2024, Molecular Assemblies, Inc. initiated a Partnering Program aimed at granting licenses for the company’s Full Enzymatic Synthesis technology. Through this collaborative effort, limited participants will be provided with the company’s automated synthesis platform, any advancements or refinements to its FES platform, and the requisite licenses to conduct FES for research purposes within their facilities.
  • In November 2023, QIAGEN and Element Biosciences, Inc. partnered strategically to provide broad NGS workflows for the innovative sequencing platform Element AVITI System.
  • In April 2023, Eurofins BioPharma Product Testing (Eurofins Scientific) completed a substantial expansion of its Stability Services offering at the Lancaster, PA, facility. This is anticipated to boost the demand for DNA synthesis production.
  • In February 2023, Tecan and Element Biosciences collaborated to provide a benchtop NGS workflow with MagicPrep NGS. The product is AVITI System, an innovative DNA sequencing platform by Element Biosciences, Inc.

Order a free sample PDF of the DNA Synthesis Market Intelligence Study, published by Grand View Research.

Telemedicine Market Is Expected To Exhibit CAGR 17.96% From 2024 To 2030

Telemedicine Industry Overview

The global telemedicine market size was valued at USD 114.98 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 17.96% from 2024 to 2030.

The telemedicine market growth is being driven by factors such as consolidation across industry, strategic initiatives by key companies, and increasing healthcare consumerism. Furthermore, rising adoption of telemedicine by providers, increasing patient acceptance and consumer demand, and delivery of improved quality of care are expected to contribute to the growth of the telemedicine market over the forecast period. For instance, in May 2021, Walmart Inc. acquired a telehealth company, MeMD. This acquisition is expected to enable Walmart to expand its offerings and provide virtual access to primary, urgent, and behavioral healthcare services nationwide.

Gather more insights about the market drivers, restrains and growth of the Telemedicine Market

COVID-19 pandemic has resulted in a significant increase in adoption of telemedicine to reduce the risk of infection by minimizing contact between patients, healthcare facilities, and staff. Health authorities and mental health professionals in China have utilized online mental health surveys and communication programs, including Weibo, TikTok, and WeChat, to provide effective and safe mental health services during the pandemic, leading to expansion of telemedicine market. In March 2020, SOC Telemed, witnessed a surge in requests for on-demand acute care delivered through telemedicine. This emphasizes rising need for its services during the pandemic and capability of telemedicine to provide remote care in urgent situations. In addition, in October 2022, the Union Ministry of Health & Family Welfare of India launched the National Tele Mental Health Programme (Tele MANAS) to strengthen mental health service delivery in the country.

According to statistics published by the GSM Association report, The Mobile Economy 2022, in 2021, number of people mobile users was 5.3 billion, and number of unique mobile subscribers is expected to reach 5.7 billion by 2025 (70% of the global population). In addition, penetration of smartphones is rising significantly. As per The Mobile Economy 2022, smartphone penetration was 75% in 2021 and is expected to reach 84% by 2025. Rising adoption of smartphones by consumers is driving growth of telemedicine market. Furthermore, growing network coverage and continuous advancement in network infrastructure are boosting the demand for telemedicine services.

Browse through Grand View Research’s Healthcare IT Industry Research Reports.

  • The global digital dietitian market size was estimated at USD 1.31 billion in 2023 and is projected to grow at a CAGR of 15.2% from 2024 to 2030.
  • The global women’s digital health market size was valued at USD 2.59 billion in 2023 and is projected to grow at a CAGR of 20.5% from 2024 to 2030.

Telemedicine Market Segmentation

Grand View Research has segmented the global telemedicine market based on component, modality, application, delivery mode, facility, end-use, and region:

Telemedicine Component Outlook (Revenue, USD Billion, 2018 – 2030)

  • Product
  • Services

Telemedicine Modality Outlook (Revenue, USD Billion, 2018 – 2030)

  • Store and forward
  • Real time
  • Others

Telemedicine Application Outlook (Revenue, USD Billion, 2018 – 2030)

  • Teleradiology
  • Telepsychiatry
  • Telepathology
  • Teledermatology
  • Telecardiology
  • Others

Telemedicine Delivery Mode Outlook (Revenue, USD Billion, 2018 – 2030)

  • Web/Mobile
    • Audio/Text-based
    • Visualized
  • Call Centers

Telemedicine Facility Outlook (Revenue, USD Billion, 2018 – 2030)

  • Tele-hospital
  • Tele-home

Telemedicine End-use Outlook (Revenue, USD Billion, 2018 – 2030)

  • Providers
  • Payers
  • Patients
  • Others

Telemedicine Regional Outlook (Revenue, USD Billion, 2018 – 2030)

  • North Americ
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Sweden
    • Denmark
    • Norway
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Thailand
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • MEA
    • South Africa
    • Saudi Arabia
    • UAE
    • Kuwait

Key Companies profiled:

  • MDlive, Inc. (Evernorth)
  • American Well Corporation
  • Twilio Inc.
  • Teladoc Health, Inc.
  • Doctor On Demand, Inc. (Included Health)
  • Zoom Video Communications, Inc.
  • SOC Telemed, Inc.
  • NXGN Management, LLC
  • Plantronics, Inc.
  • Practo
  • VSee

Key Telemedicine Company Insights

Renowned market players across the globe are adopting numerous marketing strategies to expand their clientele. The telemedicine marketplace is fragmented and accommodates some renowned players such as MDlive, Inc. (Evernorth), American Well Corporation, and Teladoc Health, Inc. and numerous other small-scale & local players.

  • MDLive Inc. is a telehealth and on-demand healthcare provider with services that cater to patients, hospitals, healthcare providers, employers, etc. The virtual care cloud-based platform of the company allows easy collaboration between providers and patients, bridging the gap in care delivery.
  • American Well Corporation is a major telehealth solutions company providing accessible, affordable, quality care to individuals through its innovative platform and services. The company develops innovative solutions for individuals, insurers, and healthcare providers to create access to better healthcare solutions.
  • Teladoc Health, Inc. has more than 12,000 clients across the globe and provides virtual care, such as mental health, primary care, and chronic condition management.
  • Doctor On Demand, Inc. (Included Health), NXGN Management, LLC, and Zoom Video Communications, Inc. are some of the emerging market players in telemedicine market.
  • Doctor On Demand, Inc. provides virtual healthcare solutions to patients in remote locations. The solutions provide guidance, advocacy, and access to personalized care through virtual & in-person medical assistance for primary care, urgent care, specialty care, chronic disease care, preventive health, and behavioral health.
  • NXGN Management, LLC provides advanced healthcare technology and data solutions that empower providers to deliver comprehensive care and value-based services to patients.

Recent Developments

  • In June 2023, Twilio Inc. declared a partnership with Frame AI to leverage AI for the enhancement of customer engagement. The partnership resulted in the strengthening of AI-powered insights for sharing recommendations, and summarizing health cases.
  • In April 2023, Teladoc Health Inc. launched a provider-based care service with the use of telemedicine as a technology for prediabetes and weight management programs.
  • In March 2023, American Well Corporation expanded its digital clinical program service for the inclusion of a cardiometabolic program. The purpose is to enable clinicians and health plans to patients remotely through telemedicine.

Order a free sample PDF of the Telemedicine Market Intelligence Study, published by Grand View Research.

Power Tools Market Is Expected To Exhibit CAGR 7.2% From 2023 To 2030

Power Tools Industry Overview

The global power tools market size was estimated at USD 31.08 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.2% from 2023 to 2030.

As governments across the globe are undertaking infrastructure development projects, the demand for power tools used in construction activities is anticipated to grow in the coming years. Such initiatives are expected to lead to aggressive investments in non-residential construction projects, and subsequently drive the demand for power tools over the forecast period. The outbreak of the COVID-19 pandemic took a severe toll on economies across the globe, slowing down consumer spending and disrupting supply chains. The shutdown of production and manufacturing facilities in the first quarter of 2020 led to a shortage of products and resulted in declined revenues for companies operating in the market.

Gather more insights about the market drivers, restrains and growth of the Power Tools Market

The U.S. power tools market dominated the market and accounted for a market share of 86.01% in 2022. The demand for power tools in the U.S. has been increasing steadily over the past few years, driven by factors such as the growth in the construction industry, the popularity of DIY projects, and the increasing adoption of power tools in industrial and manufacturing settings. Overall, it seems that the demand for power tools in the US is expected to continue growing in the coming years, driven by a range of factors across various industries and consumer segments.

The popularity of cordless power tools is growing noticeably amongst consumers. Battery-operated, cordless power tools, such as crimpers, hammer drills, impact drivers, impact wrenches, and circular saws, are used in construction, repair, and maintenance applications as well as in sanding, metalworking, and welding, among other tasks, are widely being adopted across several end-use industries. Power tools powered by lithium-ion batteries are significantly gaining traction and are expected to replace power tools operating on conventional batteries, such as nickel-cadmium (Ni-Cd) batteries and nickel-metal hydride (Ni-MH) batteries.

Technological advancements are influencing the growth of the market. Companies are introducing technologically advanced products to enhance the efficiency of their products. For instance, the Flexvolt battery offered by Dewalt automatically switches battery voltage depending upon the tool you attached to it. An automatic switch of voltage helps in manually adjusting the power before using different corded power tools.

In addition to technological innovations, the increasing adoption of cordless tools that provide easy mobility and no external power source is driving market growth. The growing demand from household applications and the revival of industries in the near future is expected to upkeep the market growth over the forecast period.

Browse through Grand View Research’s Advanced Interior Materials Industry Research Reports.

  • The global machine control system market size was valued at USD 4.3 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 11.2% from 2020 to 2027.
  • The global data annotation tools market size was estimated at USD 1.02 billion in 2023 and is anticipated to grow at a CAGR of 26.3% from 2024 to 2030.

Power Tools Market Segmentation

Grand View Research has segmented the global power tools market based on product, mode of operation, application, and region:

Power Tools Product Outlook (Revenue, USD Million, 2018 – 2030)

  • Drills
  • Saws
  • Wrenches
  • Grinders
  • Sanders
  • Others

Power Tools Mode Of Operation Outlook (Revenue, USD Million, 2018 – 2030)

  • Electric
  • Pneumatic
  • Others

Power Tools Application Outlook (Revenue, USD Million, 2018 – 2030)

  • Industrial
  • Residential

Power Tools Regional Outlook (Revenue, USD Million, 2018 – 2030)

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa

Key Companies profiled:

  • Emerson Electric, Co
  • Hilti Corporation
  • Ingersoll-Rand PLC
  • Koki Holdings Co., Ltd.
  • Makita Corporation
  • Robert Bosch
  • Stanley Black & Decker
  • Techtronic Industries

Key Power Tools Company Insights

The key players held the majority of the revenue share in 2022. Companies are engaging in mergers and acquisitions and strategic partnerships to strengthen their product portfolio and provide competitive differentiation.

In addition to inorganic growth strategies, companies are also investing in their research and development to provide technologically advanced products. For instance, Robert Bosch has introduced the Toolbox App that connects to power tools to enhance efficiency. It offers services such as customized power control and managing tools using smartphones. The advent of connected power tools has further intensified the competition in the market.

Order a free sample PDF of the Power Tools Market Intelligence Study, published by Grand View Research.