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i am Prathmesh content writer At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
Global commercial space payload market size reached USD 32.70 billion in 2021 and is expected to register a revenue CAGR of 5.6% during the forecast period, according to latest analysis by Emergen Research. Increasing number of commercial satellite launches, rising number of space exploration missions, and rising demand for satellite data are expected to support market revenue growth during 2022-2030.
The global metaverse in travel and tourism market size was significantly robust in 2021 and is expected to register rapidly inclining revenue CAGR over the forecast period. Increasing focus on developing innovative and immersive AR and VR tech, rapid integration of virtual reality platforms in travel and tourism sector, and rising potential of metaverse to boost hospitality to next-level are some key factors expected to drive market revenue growth over the forecast period. Increasing collaboration between tech companies, innovators, policymakers, and metaverse-related companies to build robust alternate reality world and platforms and rising awareness regarding the potential of metaverse to transform travel and tourism industry in a post-pandemic world are some other key factors expected to further fuel revenue growth of the market going ahead.
The global Geographic Information System (GIS) software in agriculture market size reached USD 4.04 Billion in 2020 and is expected to register a revenue CAGR of 12.8% during the forecast period, according to latest analysis by Emergen Research. Increasing awareness regarding risks due to food insecurity and increasing need for precision farming are key factors projected to support market revenue growth between 2021 and 2028. In addition, increasing demand for GIS software for real-time mapping will boost revenue growth of the market.Water availability and management are major issues in agriculture, and better real-time land data is important in solving this problem. GIS software provides a smart solution to the problem. Drones and satellite images can effectively manage and monitor soil and land conditions. GIS software entails use of Soil Moisture Ocean Salinity (SMOS), and monitors vegetation growth using Landsat imagery and Normalized Difference Vegetation Index (NDVI), and others, to analyse crop productivity, monitor drought conditions, and potential of flooding.
The global Maritime Autonomous Surface Ships (MASS) market size is expected to reach USD 14.08 Billion in 2030 and register a revenue CAGR of 9.3% over the forecast period, according to the latest analysis by Emergen Research. Rising adoption of autonomous ships to minimize accidents and incidents as a result of human error and increasing human safety are driving global MASS market revenue growth.
The global electromagnetic weapons market size reached USD 429.7 Million in 2020 and is expected to register a revenue CAGR of 21.1% during the forecast period, according to latest analysis by Emergen Research. Increasing use of electromagnetic weapons in military activities and rising investment in advanced electromagnetic weapon research and development are key factors projected to support market revenue growth between 2021 and 2028. In addition, increasing geographical conflicts will continue to boost revenue growth of the market.In all areas, except Africa, conflict intensity in 2020 was slightly lower than in 2019. Despite the worldwide COVID-19 pandemic, some conflicts continued unabated. Geographical conflicts and use of Unmanned Manned Vehicles (UAVs) and drones is expected to increase adoption of electromagnetic weapons among military forces is countries across the globe, which in turn is expected to boost revenue growth of the market in the near future.
The global foam plastics market size is expected to reach USD 73.88 billion at a revenue CAGR of 4.5% in 2028, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to high demand in packaging applications as the material enables high level of safety and damage avoidance during transportation along the supply chains. Other major advantages of foam plastic applications in packaging is cost-effectiveness and easy availability. Also, foam plastics can be molded into a wide variety of shapes, and is thus used in specific applications demanding custom packaging. Also, usage of polyethylene foam in electronics goods packaging ensures superior cushioning, as well as good insulation during transportation.
The global ceramic fiber market size reached USD 1.92 Billion in 2020 and is expected to register a revenue CAGR of 9.7%, during the forecast period, according to latest analysis by Emergen Research. Rising demand for ceramic fiber in petrochemicals aerospace industries are some of the major factors driving global ceramic fiber market revenue growth. Revenue growth of the market is also expected to be driven by increasing demand for ceramic fiber from the automotive industry.
The latest research report by Emergen Research, named ‘Global Fructooligosaccharides Market - Forecast to 2032’, entails a comprehensive review of the global Fructooligosaccharides Market’s present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe. The study is inclusive of a profound analysis of this business sphere focuses on the overall remuneration of the market over the projected period. The study also includes significant information pertinent to the Fructooligosaccharides Market industry, particularly the current COVID-19 scenario.
The global pain relief market size reached USD 79.68 Billion in 2021 and is expected to register a revenue CAGR of 4.5% during the forecast period, according to latest analysis by Emergen Research. Pain relief market revenue growth is primarily driven by factors such as increasing demand for long-term pain management for geriatric population, proven efficacy of pain management devices for treatment of chronic pain, and development of novel pain management devices and techniques. Pain relievers are medications used to treat headaches, tight muscles, arthritis, and other aches and pains. Certain medications work better for some forms of pain than others, hence there are numerous pain medications available, each with its own set of benefits and drawbacks. Many types of pain can be relieved with Over-The-Counter (OTC) medications, which are classified into two types, Nonsteroidal Anti-Inflammatory Medications (NSAIDs) and acetaminophen (Tylenol). OTC NSAIDs include naproxen (Aleve), aspirin, and ibuprofen (Advil, Motrin), which are available in higher doses by prescription. Opioids are the most common potent pain medications, which are quite effective, but they can have major adverse effects at times including becoming addicted to this medication.
The global precision surgery market size was USD 5.21 Billion in 2021 and is expected to register a revenue CAGR of 14.1% during the forecast period, according to latest analysis by Emergen Research. Rapid adoption of technologies, such as Internet of Things (IoT), Artificial Intelligence (AI), and Machine Learning (ML), among others, is a major factor driving market revenue growth. In addition, market companies and researchers are developing smart instruments that incorporate a variety of sensors and simplify the operation process. In addition, increasing demand for innovative products that aid in wound closure is another factor driving revenue growth of the market. Wound closure devices, such as flexible wound closure strips, topical skin adhesives, reinforced skin closures, elastic skin closures, and anti-microbial skin closures, are likely to provide market companies with various appealing growth opportunities.