AI In Drone Market Size Is Predicted To Reach A Valuation Of $51,328.7Mn By 2033: Grand View Research Inc.

 AI In Drone Market Summary

The global AI in drone market size was estimated at USD 12,292.6 million in 2024 and is projected to reach USD 51,328.7 million by 2033, growing at a CAGR of 17.9% from 2025 to 2033. The market growth is primarily driven by the increasing adoption of autonomous drones for surveillance and inspection, rising demand for real-time data analytics across sectors, growing use of AI in military and defense applications, advancements in onboard processing and sensor technologies, and expanding investments in smart agriculture and infrastructure monitoring.

Key Market Trends & Insights

• North America dominated the global AI in drone market with the largest revenue share of over 36% in 2024.
• The AI in drone market in the U.S. led the North America market and held the largest revenue share in 2024.
• By type, the station-based segment led the market and held the largest revenue share of over 55% in 2024.
• By component, the hardware segment led the market and held the largest revenue share of 46.4% in 2024.
• By application, the security & surveillance segment dominates the market and holds the largest revenue share in 2024.

Market Size & Forecast

• 2024 Market Size: USD 12,292.6 Million
• 2033 Projected Market Size: USD 51,328.7 Million
• CAGR (2025-2033): 17.9%
• North America: Largest market in 2024
• Asia Pacific: Fastest growing market

The rising need for automation, heightened focus on operational efficiency, and increasing safety concerns are accelerating the demand for AI in drone industry. The AI in drone industry leverages advanced technologies such as computer vision, edge AI, real-time data analytics, and autonomous navigation to enable precision monitoring, predictive maintenance, and remote operation. Enterprises across sectors like agriculture, logistics, energy, and defense are investing heavily in drone-based solutions to optimize costs, reduce risks, and enhance decision-making capabilities, driving significant market expansion.

Innovations in artificial intelligence, edge computing, and real-time data processing are greatly enhancing the operational efficiency and autonomy of AI in drones. AI-powered drones can identify and track objects, avoid obstacles, and adapt flight paths dynamically, making them ideal for applications such as infrastructure inspection, search and rescue, and precision agriculture. This growing intelligence is enabling drones to handle more complex tasks, reducing the need for human oversight and driving widespread market adoption across sectors.

In addition, the global emphasis on environmental protection and climate resilience, AI in drones is increasingly being used for environmental monitoring, wildlife tracking, forest fire detection, and pollution assessment. Governments and environmental agencies are investing in drone-based monitoring solutions to meet regulatory compliance and achieve sustainability goals. The ability of these systems to offer accurate, real-time environmental intelligence is strengthening their role in global sustainability efforts and propelling market growth.

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Furthermore, the growing demand for rapid, contactless delivery, especially accelerated by e-commerce and healthcare logistics, is fueling the adoption of AI in drone industry. Equipped with AI algorithms, these drones can autonomously plan optimal delivery routes, adjust paths in real time based on environmental data, and ensure secure package handling. This expansion into logistics represents a significant opportunity for market growth as drones become an integral part of smart supply chains.

Moreover, government initiatives supporting drone innovation, combined with evolving aviation regulations, are creating a favorable business environment for AI in drone industry. Policies promoting drone corridors and air traffic integration for unmanned systems are accelerating commercial adoption. These strategic measures lower entry barriers for new players and increase trust in the technology, enabling safer and broader implementation of the AI in drone industry across industries.

Key AI In Drone Companies:

The following are the leading companies in the AI in drone market. These companies collectively hold the largest market share and dictate industry trends.

• DroneShield Ltd
• Skycatch, Inc.
• ai
• Applied Aeronautics
• AeroVironment, Inc.
• Skydio, Inc.
• DJI
• Parrot Drones SAS.
• EHang

Recent Developments

• In June 2025, Skydio introduced the Skydio X10, its most advanced enterprise drone designed to elevate AI in drone operations. Equipped with cutting-edge autonomous navigation systems and integrated Teledyne FLIR thermal imaging, the X10 enhances real-time situational awareness and intelligent data capture. This launch strengthens Skydio’s position in the AI in drone industry by offering enhanced capabilities for critical applications such as infrastructure inspection, public safety, and defense operations.
• In May 2025, DroneShield Ltdlaunched an AI-powered 3D planning tool designed to enhance the deployment of intelligent drone systems. This tool allows operators to simulate and design layered defense strategies using real-world data, improving mission planning and situational awareness. Integrated into the DroneShield Access Portal, it leverages AI to optimize drone positioning and coverage, supporting critical applications such as infrastructure security, surveillance, and airspace management. This innovation reflects growing industry demand for smart, automated drone deployment solutions in the AI in drone industry.
• In January 2025, DJI released a major firmware update for its enterprise AI in drone-in-a-box systems, Dock 3, and Matrice 4D. This update introduced smarter patrol routines, enhanced infrared recognition, advanced obstacle avoidance, and AI-based route automation. These improvements aim to boost autonomous flight efficiency and reliability in industrial and security applications, reinforcing DJI’s position in the AI in drone industry and supporting the broader push toward intelligent, automated aerial operations.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Topical Cyanoacrylates Market Expected to Receive Greater Traction As Manufacturers’ Contribution Swells

 Topical Cyanoacrylates Market Summary

The global topical cyanoacrylates market size was estimated at USD 97.5 million in 2024, and is projected to reach USD 160.2 million by 2033, growing at a CAGR of 5.65% from 2025 to 2033. The market growth is primarily driven by increasing demand for advanced wound closure and tissue adhesion solutions across healthcare settings. 

Key Market Trends & Insights

• North America dominated the topical cyanoacrylates market with the largest revenue share of 42.35% in 2024.
• The topical cyanoacrylates market in the U.S. accounted for the largest revenue share of 76.64% in North America in 2024.
• Based on product, the 2-Octyl Cyanoacrylate segment led the market with the largest revenue share in 2024.
• Based on application, the plastic surgery and aesthetic procedures segment is expected to grow at the fastest rate over the forecast period.
• By end use, the hospitals segment led the market with the largest revenue share of 46.58% in 2024.

Market Size & Forecast

• 2024 Market Size: USD 97.5 Million
• 2033 Projected Market Size: USD 160.2 Million
• CAGR (2025-2033): 5.65%
• North America: Largest market in 2024
• Asia Pacific: Fastest growing market

The rising prevalence of chronic wounds, surgical procedures, and accident-related injuries has significantly boosted the need for effective, fast-acting adhesives that offer secure wound closure with minimal trauma. The topical cyanoacrylates market is driven by several key factors, including the increasing demand for efficient wound closure solutions, the rising prevalence of acute wounds, and the growing adoption of minimally invasive surgical procedures. The increasing burden of wounds, including minor cuts, lacerations, abrasions, and superficial burns, is expected to drive growth in the market. According to The Korean Society of Emergency Medicine, Lacerations continue to be a frequent reason for visits to emergency departments (EDs) in the U.S. They represent about 8.2% of all ED visits, leading to an estimated 7 to 9 million lacerations treated annually across U.S. emergency facilities. Many countries have a substantial population affected by such injuries, creating a strong demand for accessible treatment options. For instance, the National Safety Council, in 2022, around 52,600,000 people suffered nonfatal medically consulted injuries.

The rising incidence of minor burns, often caused by everyday household accidents, occupational hazards, and increased outdoor activities, significantly drives the demand for topical cyanoacrylate products. For instance, the World Health Organization (WHO) estimates that each year, 11 million people sustain burn injuries, with approximately 92% of these being minor burns that are managed in outpatient settings . Similarly, according to a Medscape report from May 2024, around 1.25 million individuals with burn injuries visit emergency departments in the U.S. annually, with approximately 63,000 of these cases involving minor burns. About one-third of these visits for burn injuries occur in emergency departments .

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Workplace environments contribute significantly to the burden of acute wounds, which is driving the demand for topical cyanoacrylate products. According to data published by CCD Law in December 2023, approximately 30% of all workplace injuries involve cuts or lacerations, ranging from minor scratches and abrasions to more severe puncture wounds and amputations . In addition, similar trends have been observed in other countries. The Australian Bureau of Statistics reported in February 2023 that nearly 497,300 people had work-related injuries or illnesses in the 2021–2022 fiscal year, with cuts or open wounds. These numbers demonstrate the worldwide impact of acute wounds in workplaces and highlight the strong potential for growth in the topical cyanoacrylates market.

Furthermore, the growing incidence of sports-related injuries is one of the primary driving factors fueling market growth. For instance, according to the National Safety Council (NSC), exercise equipment was associated with approximately 482,886 injuries in 2023, marking it as the leading cause of injuries among all sports and recreation categories .

Innovations and technological advancements have played a crucial role in expanding the applications of topical cyanoacrylates, with the development of formulations that offer improved biocompatibility, enhanced flexibility, and reduced risk of infection. These innovations have also led to the creation of faster-setting, more durable adhesives suitable for a wide range of medical applications. Regulatory developments are equally influential, as stringent approval processes and safety standards ensure the use of high-quality, medical-grade cyanoacrylates, thus fostering market confidence and adoption.

Governments and health authorities are increasingly emphasizing the importance of safe and effective wound management products, which has led to rigorous testing, certification, and compliance protocols. Overall, a combination of technological progress, evolving clinical needs, and regulatory support continues to propel the growth of the topical cyanoacrylates market, encouraging ongoing research and the development of next-generation adhesive solutions.

Key Topical Cyanoacrylates Companies:

The following are the leading companies in the topical cyanoacrylates market. These companies collectively hold the largest market share and dictate industry trends.

• Medline Industries, LP
• Advanced Medical Solutions Group plc
• B. Fuller Medical Adhesive Technologies, LLC
• Meril Life
• Ethicon (Johnson & Johnson MedTech)
• Medtronic
• Alfa Pharma GmbH
• Epiglue Pharma Pvt. Ltd.
• Braun SE
• Resivant Medical LLC.

Recent Developments

• In August 2024, Resivant Medical announced that it had obtained U.S. Food and Drug Administration (FDA) 510(k) clearance for its initial two products: the Cutiva Topical Skin Adhesive and the Cutiva PLUS Skin Closure System, which features an innovative combination of an adhesive mesh patch and high-viscosity Cutiva liquid adhesive.
• In September 2023, Advanced Medical Solutions Group plc announced that it has entered into an agreement with TELA Bio, Inc., a specialist in designing and developing innovative soft-tissue reconstruction solutions aimed at optimizing clinical outcomes, to commercialize LiquiBandFix8 in the U.S.
• In June 2023, LiquiBandFix8/LIQUIFIX received Pre-Market Approval (PMA) from the U.S. Food and Drug Administration (FDA) for use in hernia repair procedures. The device employs drops of cyanoacrylate adhesive rather than traditional metal tacks to secure mesh to tissue during both open and laparoscopic hernia surgeries. As the first product of its kind approved in the U.S., it is expected to benefit patients by offering a less invasive application that may help decrease pain and reduce post-operative complications.
• In May 2023, H.B. Fuller Company, the world's largest pureplay adhesives manufacturer, announced its acquisition of Adhezion Biomedical, a privately owned U.S.-based medical adhesives company. Adhezion Biomedical serves clients in over 40 countries and holds more than 35 international certifications, including 105 patents. The acquisition of Adhezion, which develops and distributes specialized, proprietary cyanoacrylate technologies for surgical procedures, wound care, and infection prevention in healthcare environments, strengthens H.B. Fuller’s position in the topical skin bonding market by establishing a larger, more scalable platform. This move complements the capabilities gained through the company's 2021 purchase of Tissue Seal. It enhances its vertically integrated adhesive manufacturing and packaging capabilities, further expanding its footprint in the medical adhesives sector.
• In February 2023, Advanced Medical Solutions Group plc, a global leader in tissue-healing technologies, announced the acquisition of Connexicon Medical Limited (“Connexicon”), a specialist in tissue adhesive technologies. The deal includes an initial upfront payment of USD 8.07 million, with additional deferred payments linked to the achievement of specific research & development, regulatory, and commercial milestones between 2023 and 2027. This acquisition reinforces AMS’s position in the USD 300 million global tissue adhesive market, broadens its product portfolio, and markedly enhances its technical and R&D capabilities in cyanoacrylate technology .

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Tremfya Market to Undertake Strapping Growth By 2033

 Tremfya Market Summary

The global tremfya market size was estimated at USD 3.67 billion in 2024 and is projected to reach USD 7.29 billion by 2033, growing at a CAGR of 7.60% from 2025 to 2033. The increasing prevalence of chronic plaque psoriasis and psoriatic arthritis drives greater demand for advanced biologic therapies.

Key Market Trends & Insights

• North America Tremfya market held the largest share of 85.46% of the global market in 2024.
• The Tremfya market in the U.S. is expected to grow significantly over the forecast period.
• By application, the plaque psoriasis segment held the highest market share of 87.0% in 2024.
• By distribution channel, the hospital pharmacies segment held the highest market share of 51.15% in 2024.

Market Size & Forecast

• 2024 Market Size: USD 3.67 Billion
• 2033 Projected Market Size: USD 7.29 Billion
• CAGR (2025-2033): 7.60%
• North America: Largest market in 2024
• Asia Pacific: Fastest growing market

These autoimmune conditions continue to rise globally, resulting in a growing need for effective and long-term treatment options. Tremfya, a monoclonal antibody that targets interleukin-23 (IL-23), has delivered strong efficacy and durable outcomes in moderate-to-severe cases. Its consistent clinical performance and favorable safety profile have strengthened its acceptance among dermatologists and rheumatologists.

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Janssen Pharmaceuticals ' strong marketing strategies and competitive positioning drive Tremfya’s commercial success. The drug has differentiated itself through superior efficacy data compared to some existing biologics, including TNF and IL-17 inhibitors. Head-to-head studies have shown Tremfya’s ability to achieve rapid skin clearance and sustained response, giving it a strategic advantage in the treatment landscape. For instance, In October 2024, Johnson & Johnson’s SPECTREM study showed Tremfya effectively cleared difficult psoriasis areas like the scalp, face, hands, feet, and genitals, with clearance rates up to 80%. Most patients maintained clear or almost clear skin through week 48. The treatment also significantly improved patients’ quality of life by reducing symptoms like itch and pain.

Ongoing clinical research and lifecycle management initiatives support the Tremfya market's future growth. New clinical trials are exploring expanded applications, such as hidradenitis suppurativa and Crohn’s disease, which could significantly widen its therapeutic scope. The drug’s manufacturer also invests in real-world evidence studies to validate its effectiveness in diverse populations. The growing interest in precision medicine and biomarker-driven therapies is increasing the relevance of IL-23 inhibitors in personalized treatment regimens. Partnerships with specialty pharmacies and streamlined distribution networks enhance availability in high-demand markets. The company’s continued focus on physician education and patient support programs reinforces brand loyalty.

Key Tremfya Company Insights

Johnson & Johnson Services, Inc. remains the key player in the Tremfya market, leveraging its strong global presence, robust regulatory approvals, and comprehensive distribution networks. Strategic pricing, innovative research, and effective supply chain operations influence competitive dynamics in this market. Emerging players such as Arven Pharmaceuticals from Turkey, Biocon from India, and MorphoSys from Germany are gradually expanding their presence by focusing on clinical development and cost-effective production. These companies aim to challenge established players by introducing new formulations and targeting underserved markets. As healthcare providers increasingly seek affordable and effective treatment options, competition in the Tremfya market is expected to intensify. Overall, the market is projected to grow significantly throughout the forecast period.

Key Tremfya Companies:

The following are the leading companies in the tremfya market. These companies collectively hold the largest market share and dictate industry trends.

• Johnson & Johnson Services, Inc.

Recent Developments

• In March 2025, Johnson & Johnson reported that Icotrokinra significantly improved plaque psoriasis severity with rapid and sustained PASI score reductions. The treatment showed a strong safety profile and was well tolerated by patients. These results suggest Icotrokinra could become a new standard therapy for moderate-to-severe plaque psoriasis.
• In March 2025, Johnson & Johnson announced the FDA approval of Tremfya as the first IL-23 inhibitor with subcutaneous and intravenous options for adults with moderate to severely active Crohn’s disease. This approval offers flexible treatment methods to improve patient outcomes. It also expands Tremfya’s use beyond psoriasis and arthritis to include Crohn’s disease.
• In May 2024, Johnson & Johnson announced that Tremfya’s phase 3 study showed superior results versus ustekinumab in treating Crohn’s disease. The data highlighted Tremfya’s strong efficacy for moderate to severe cases. This advancement reinforced Tremfya’s potential as a key therapy in inflammatory bowel disease.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Germany Demand for CBD Pouches Market Increasing in Most Part of World 2033

 Germany CBD Pouches Market Summary

The Germany CBD pouches market size was estimated at USD 5.08 million in 2024 and is expected to reach USD 32.61 million by 2033, growing at a CAGR of 21.7% from 2025 to 2033. The market is growing rapidly due to rising demand for smoke-free, wellness-oriented CBD formats and increasing consumer preference for discreet, on-the-go use. 

Key Market Trends & Insights

• By content, 10 mg -20 mg CBD pouches led the market and accounted for a share of 51.54% in 2024.
• By type, flavored CBD pouches dominated the market in Germany, with a share of 88.04% in 2024.
• By distribution channel, the sales of CBD pouches through offline channels accounted for a share of around 64.44% of the revenue in Germany in 2024.

Market Size & Forecast

• 2024 Market Size: USD 5.08 Million
• 2033 Projected Market Size: USD 32.61 Million
• CAGR (2025-2033): 21.7%

Greater product availability and awareness also drive adoption across younger and health-focused demographics. The accelerating growth of Germany’s CBD pouches market is underpinned by a convergence of health-conscious consumer behavior, regulatory liberalization, and evolving preferences for discreet, non-combustible cannabinoid delivery systems. As German consumers increasingly seek plant-based alternatives for stress relief, sleep regulation, and everyday wellness, CBD pouches offer an appealing solution, combining precision dosing, portability, and a smoke-free experience that aligns with public health sensibilities and urban lifestyles. Unlike traditional CBD oils or edibles, pouches minimize stigma and maximize convenience, making them particularly attractive to new adopters and professionals seeking functional wellness without psychoactive effects. This shift is further reinforced by the broader European trend toward cannabinoid normalization and the entry of well-positioned domestic and Nordic brands offering compliant, lab-tested, and flavor-enhanced formulations tailored to a discerning, quality-driven consumer base.

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The increasing demand for discreet, smoke-free ways to deliver cannabinoids that align with modern wellness and health-conscious lifestyles is essential in boosting market growth. CBD pouches provide a convenient, portable alternative to oils, edibles, and vape products formats that may carry social stigma or require more deliberate use. The pouch format is particularly appealing among working professionals and urban users for its precision dosing, odorless use, and easy integration into daily routines such as stress management, focus enhancement, or sleep support.

Another key driver is the expanding availability of compliant, high-quality products from both domestic and Nordic-European brands. These companies are capitalizing on Germany’s regulatory openness to non-psychoactive cannabinoids by offering lab-tested, flavor-enhanced CBD pouches with clear labeling and consistent dosing. This product reliability-combined with growing online retail infrastructure and health-store placements-has helped build consumer trust, making pouches an increasingly preferred format among both first-time users and CBD regulars.

In Germany, women slightly lead in CBD pouch usage due to the format’s appeal for stress relief, sleep, and wellness. Men also use them but are more drawn to higher-strength or functional use cases. The discreet, smoke-free delivery makes pouches attractive to both genders seeking convenience.

The 25–44 age group forms the core user base, integrating CBD into daily routines. Younger adults (18–29) are early adopters, drawn by curiosity and wellness trends. Older adults (45+) are slower to adopt, but there is a growing tendency to utilize pouches for sleep and pain management relief.

Top consumer pain points include regulatory uncertainty, inconsistent quality, high prices, limited flavor options, and low offline availability, especially outside urban areas.

Brands winning among German consumers include Canndid, FlowBlend, Nicopods, SNUSSIE, and V&YOU, thanks to their clean formulations, flavor variety, strong online presence, and lab-tested transparency.

Key Germany CBD Pouches Companies:

• Canndid
• Nicopods ehf.
• SNUSSIE
• FlowBlend
• com
• V&YOU
• Chillbar
• Cannadips Europe
• The Snus Brothers
• Vibe CBD+CBG

Recent Develpoments

• In January 2023, Cannadips Europe partnered with Snushus AG to introduce all-natural CBD snus pouches. This collaboration aims to expand the availability of Cannadips' CBD products within the European market. The partnership signifies a strategic move to capitalize on the growing demand for CBD-infused products in Europe, providing consumers with a new option for CBD consumption.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Fiber Laser Market to Expand at a CAGR of 11.1% Through 2033: Grand View Research Inc.

 Fiber Laser Market Summary

The global fiber laser market size was estimated at USD 6,874.7 million in 2024 and is projected to reach USD 17,549.1 million by 2033, growing at a CAGR of 11.1% from 2025 to 2033. The global fiber laser market is growing steadily due to increasing automation across manufacturing industries.

Key Market Trends & Insights

• Asia Pacific Fiber Laser dominated the global market with the largest revenue share of 45.4% in 2024.
• The Fiber Laser market in U.S. led the North America market and held the largest revenue share in 2024.
• By laser type, infrared fiber lasers led the market and held the largest revenue share of 42.1% in 2024.
• By power output, the high power segment held the dominant position in the market and accounted for the largest revenue share of 47.9% in 2024.
• By operation mode, the Continuous Wave (CW) segment held the dominant position in the market and accounted for the largest revenue share of 51.3% in 2024.

Market Size & Forecast

• 2024 Market Size: USD 6,874.7 Million
• 2033 Projected Market Size: USD 17,549.1 Million
• CAGR (2025-2033): 11.1%
• Asia Pacific: Largest market in 2024

Integration with Industry 4.0 systems allows fiber lasers to perform precise, high-speed tasks such as welding and marking in real time. This compatibility with smart factory operations is accelerating their adoption and expanding market. There is growing interest in high-power fiber lasers across industrial sectors. These systems enable faster processing of thicker and harder materials. Manufacturers benefit from improved productivity and reduced cycle times. Higher power levels also support more complex applications with greater precision. This trend is especially strong in the automotive, heavy machinery, and aerospace industries. As efficiency demands rise, high-power fiber lasers are becoming a preferred solution. For instance, in October 2024, Coherent Corp., a semiconductor manufacturing company, launched the ARM FL20D fiber laser, featuring a 20 kW power level and a unique dual-ring beam configuration for precise, high-speed welding, particularly in demanding materials such as cast aluminum. The system is designed to improve efficiency and weld quality while reducing costs.

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There is a growing trend of expanding access to advanced laser cutting systems in industrializing regions. Manufacturers are partnering with local automation and distribution firms to reach new markets more effectively. This allows for better after-sales service, training, and customization suited to regional needs. It also lowers adoption barriers for small and mid-sized enterprises. The approach is helping drive fiber laser deployment in areas previously reliant on conventional cutting methods. As a result, the market is expanding beyond traditional strongholds into new geographies. Companies are pursuing regional collaborations and distributor agreements to strengthen market presence, enhance service capabilities, and boost fiber laser adoption in growing industrial regions. For instance, in December 2024, Eagle Lasers, a manufacturer of fiber laser cutting systems partnered with Cuttech, Indian automation specialist as their official distributor. This strategic alliance aims to enhance Eagle’s market presence in India, enabling local manufacturers to access high-power laser cutting solutions such as the iNspire series and FlowIN systems.

The growth of electric vehicle and battery manufacturing is significantly boosting demand for fiber lasers. These industries require highly precise, clean, and repeatable processes for welding and cutting battery components. Fiber lasers provide the necessary control and thermal stability for delicate materials such as aluminum and copper. Their ability to deliver high power with minimal distortion ensures strong, reliable welds. Battery pack assembly, tab welding, and hairpin processing are key areas using fiber laser systems. The push for lighter, more efficient vehicles also drives interest in compact and energy-efficient laser tools. Automation in EV production lines further supports fiber laser integration. Manufacturers prefer fiber lasers for their speed, accuracy, and low maintenance. As global EV production expands, so does the need for scalable laser solutions. This trend is helping accelerate fiber laser market growth across automotive and energy sectors.

Key Fiber Laser Companies:

The following are the leading companies in the fiber laser market. These companies collectively hold the largest market share and dictate industry trends.

• Coherent Corp.
• Fujikura Ltd.
• Han's Laser Technology Industry Group Co., Ltd.
• IPG Photonics Corporation
• Jenoptik AG
• Lumentum Operations LLC
• Maxphotonics Co., Ltd.
• nLIGHT, Inc.
• TRUMPF
• Wuhan Raycus Fiber Laser Technologies Co., Ltd.

Recent Developments

• In November 2024, IPG Photonics Corporation introduced its YLR‑AMB dual-beam fiber laser series (1-4 kW), designed for additive-manufacturing environments. The lasers feature independently controlled core and ring beams for improved build quality, efficiency, and compact integration.

• In October 2024, Coherent Corp. introduced the EDGE FL series of high-power fiber lasers, offering 1.5 to 20 kW power levels to cut applications in the machine tool industry. Designed for high performance at competitive pricing, the series emphasizes beam quality, energy efficiency, and seamless integration with Coherent’s optics and EDGE CUT packages to provide a complete, value-driven laser-cutting solution.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Production Printer Market to Reflect Robust Expansion During 2025-2033: Grand View Research Inc.

Production Printer Market Summary

The global production printer market size was estimated at USD 8.49 billion in 2024 and is projected to reach USD 12.59 billion by 2033, growing at a CAGR of 4.6% from 2025 to 2033. The integration of high-speed inkjet technology and automation in print workflows has emerged as a significant trend in the global production printer market, driven by the growing demand for personalized print solutions, 

Key Market Trends & Insights

• The Asia Pacific Production Printer market accounted for a 38.4% share of the overall market in 2024.
• The production printer industry in China held a dominant position in 2024.
• By type, the inkjet production printers segment accounted for the largest share of 87.3% in 2024.
• By color output type, the color production printers segment held the largest market share in 2024.
• By production method, the cut fed (sheet-fed) segment dominated the market in 2024.

Market Size & Forecast

• 2024 Market Size: USD 8.49 Billion
• 2033 Projected Market Size: USD 12.59 Billion
• CAGR (2025-2033): 4.6%
• Asia Pacific: Largest market in 2024

The rise of short-run printing in commercial sectors, and the increasing need for cost-effective and efficient high-volume printing in packaging and publishing applications. Stricter environmental compliance standards are propelling the market growth for sustainable production printers. In 2023, the U.S. Environmental Protection Agency (EPA) reinforced its enforcement of the Resource Conservation and Recovery Act (RCRA), mandating safer chemical alternatives and enhanced hazardous waste management across printing facilities. Regulations such as the National Emissions Standards for Hazardous Air Pollutants (NESHAP) have limited VOC emissions, directly boosting the market for water-based inks and energy-efficient UV curing systems, especially in the packaging and label segments. Furthermore, the EPA’s 2023 guidelines aimed at screen printing facilities advocated a 15-20% reduction in solvent use through advanced drying systems, influencing technology upgrades and sustainable workflow adoption.

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The rise of e-commerce between 2020 and 2024 has accelerated demand for digitally printed packaging, significantly boosting the production printer market. According to U.S. Census Bureau data, the food and beverage manufacturing subsector saw a 12.3% increase in shipment values between 2020 and 2021, prompting a need for agile, short-run digital packaging solutions. During the same period, the wood products subsector grew by 31.3%, partly driven by innovations in digitally printed corrugated boxes. By 2023, over 68% of packaging converters had integrated inkjet systems to accommodate retailers’ needs for variable-data printing on shipping materials, directly propelling market growth.

Industrial sectors have increasingly adopted advanced inkjet systems since 2021, boosting the production printer market. For instance, the computer and electronics subsector saw a 13.5% growth in shipment values by the end of 2021, driven by applications in circuit printing and component labeling. Simultaneously, the transportation equipment sector grew by 12.1%, utilizing UV-curable inkjet printers for durable, high-resolution markings. These printers, which often exceed 1,200 dpi, meet rigorous safety standards and align with EPA reports from 2022-2023 that show a 30-40% reduction in VOC emissions compared to analog systems, reinforcing their value in regulatory-compliant production environments.

Between 2021 and 2023, the shift toward personalized, on-demand print jobs gained momentum, bolstering the demand for digital production printers. U.S. Census data shows the miscellaneous manufacturing subsector, home to many custom printing operations, expanded by 9.4% in 2021. Concurrently, the printing and related support activities subsector posted a 9.0% increase in shipment value, reflecting growth in quick-turn, low-volume print services. Government surveys conducted in 2022 revealed that 42% of commercial printers had already adopted on-demand capabilities for books, brochures, and promo items, significantly boosting market demand for flexible, high-efficiency digital presses.

Key Production Printer Company Insights

Some of the major players in the Production Printer market include Canon Pvt Ltd., FUJIFILM Holdings Corporation, HP Development Company, L.P., Konica Minolta, Inc., KYOCERA, Ricoh, among others, due to a combination of advanced R&D capabilities, broad product portfolios, strong global distribution networks, and consistent innovation in high-speed and high-volume printing technologies. These companies have strategically invested in next-generation inkjet and toner-based systems that cater to a wide range of applications—from commercial and transactional printing to packaging and publishing. Their ability to offer integrated solutions, including workflow automation, print management software, and eco-friendly consumables, enables them to meet evolving customer demands for efficiency, customization, and sustainability. In addition, their global presence and partnerships with enterprise clients across industries give them a competitive edge in market penetration and customer retention.

• HP Development Company, L.P. has established itself as a key player in the production printer market through its strong emphasis on innovation in inkjet technology and high-volume digital printing solutions. Their PageWide and Indigo platforms are widely recognized for enabling high-speed, full-color printing with low operating costs, particularly in commercial and packaging segments. The company also focuses on sustainability, with water-based inks and energy-efficient devices that meet strict global environmental standards. Its integration of cloud-based print management and workflow automation tools has further strengthened its position among enterprise and industrial clients seeking scalable, end-to-end solutions.
• Ricoh has carved a significant niche in the production printer market by offering a comprehensive range of toner and inkjet-based printing systems tailored for both office and industrial environments. Its strengths lie in the reliability, precision, and scalability of its solutions, which are adopted for transactional, publishing, and label applications. The company has heavily invested in digital transformation, integrating AI-driven maintenance, remote monitoring, and cloud connectivity into its hardware. Ricoh’s commitment to sustainable practices, such as recyclable materials and reduced emissions, also aligns well with regulatory trends, making it a preferred choice in markets demanding both performance and environmental responsibility.

Key Production Printer Companies:

The following are the leading companies in the production printer market. These companies collectively hold the largest market share and dictate industry trends.

• Canon Pvt Ltd..
• FUJIFILM Holdings Corporation
• HP Development Company, L.P.
• Konica Minolta, Inc.
• KYOCERA
• Ricoh
• RISO KAGAKU CORPORATION
• Seiko Epson Corporation
• Sharp Electronics Corporation
• Xerox Corporation

Recent Developments

• On March 19, 2025, HP Development Company, L.P. introduced the HP PrintOS Production Hub, with global availability starting May 2025, offering cloud-based tools to streamline production workflows and improve operational efficiency for large-format printing.
• On June 9, 2025, Ricoh launched the RICOH Pro C5400S, a series of color light-production sheet-fed digital printers, designed to enhance efficiency and versatility for small to medium-sized print shops.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Poultry Medicine Market Forecast 2025-2033: Rising Growth With Excellent CAGR Of 6.70%

 The global poultry medicine market size was estimated at USD 6.72 billion in 2024 and is projected to reach USD 11.90 billion by 2033, growing at a CAGR of 6.70% from 2025 to 2033. The market is advancing, driven by the growing prevalence of poultry diseases, rising demand for poultry products, and expansion of commercial poultry farming.

Key Market Trends & Insights

• The North American poultry medicine industry dominated the market with the largest revenue share of 37.42% in 2024.
• The poultry medicine industry in the U.S. is driven by avian influenza outbreaks and regulatory shifts away from antibiotics.
• Based on species, the chicken segment represented the largest revenue share of 72.50% in 2024.
• Based on product, the pharmaceuticals represented the largest segment in the market in terms of revenue share of 67.55% in 2024.
• Based on disease, the Newcastle disease was the largest disease segment with a share of 22.49% in 2024.

Market Size & Forecast

• 2024 Market Size: USD 6.72 Billion
• 2033 Projected Market Size: USD 11.90 Billion
• CAGR (2025-2033): 6.70%
• North America: Largest market in 2024
• Asia Pacific: Fastest growing market

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The frequent occurrence of poultry diseases like avian influenza, Newcastle disease, and infectious bronchitis has significantly increased the demand for effective pharmaceuticals. According to the Food and Agriculture Organization of U.S., as of April 2025, a total of 297 outbreaks or events of Highly Pathogenic Avian Influenza (HPAI) in poultry animals have been reported across five geographic regions.

Outbreaks of infectious diseases significantly impact poultry mortality and productivity. These recurrent health threats drive a strong demand for vaccines, antimicrobials, and antiparasitic treatments to protect flocks and reduce losses. Governments and producers are investing in better biosecurity and routine health management practices, creating consistent demand for poultry medicines. With the rise in intensive poultry farming and high bird densities, the risk of disease transmission grows, making regular medicinal interventions critical. This need for consistent health protection fuels steady growth in the market across all production scales.The World Organization for Animal Health (WOAH), an international body that sets global standards for animal health and monitors disease outbreaks to improve animal welfare and public health, conducted surveillance activities for Highly Pathogenic Avian Influenza (HPAI) in both poultry and non-poultry bird populations in the period of 2020-2023. The chart below illustrates the reporting of avian disease across various regions:

Key Poultry Medicine Company Insights

Leading players such as Zoetis, Merck Animal Health, Boehringer Ingelheim, Elanco, Ceva Santé Animale, and Virbac hold substantial portions of the market due to their diversified product portfolios, global distribution networks, and strong regulatory compliance. These companies continue to strengthen their positions through innovation in recombinant and vector-based vaccines, expansion into emerging markets, and strategic mergers and acquisitions. However, challenges such as regulatory complexities, high R&D costs, and growing restrictions on antibiotic use are reshaping the competitive landscape. Emerging players and regional firms are also gaining traction by offering affordable, targeted solutions suited for local disease profiles and resource-limited environments.

Key Poultry Medicine Companies:

The following are the leading companies in the poultry medicine market. These companies collectively hold the largest market share and dictate industry trends.

• Boehringer Ingelheim International GmbH
• Zoetis Services LLC
• Vaxxinova International BV
• Merck & Co., Inc.
• Calier
• Elanco
• Hester Biosciences Limited
• Ceva Santé Animale
• Phibro Animal Health Corporation
• Virbac
• Venkys India
• Calier
• Hipra
• Vetanco
• Kemin Industries, Inc
• Indovax
• Avimex

Recent Developments

• In June 2025, Boehringer Ingelheim announced the launch of a next-generation, single-dose poultry vaccine in India that protects against Bursal disease, Newcastle disease, and Marek’s disease.
• In November 2024, Ceva Animal Health launches Ceva Genesys, an innovative system for automatic, precise separation of male and female broilers at hatch, enhancing flock uniformity and overall production efficiency.
• In April 2024, Zoetis sold its medicated feed additive portfolio, select water-soluble products, and related assets to Phibro Animal Health, streamlining its focus on core veterinary innovations.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Drone Light Show Market Primed to Hit $6,113.3Mn by 2033

Drone Light Show Market Summary

The global drone light show market size was estimated at USD 1,561.5 million in 2024 and is projected to reach USD 6,113.3 million in 2033, growing at a CAGR of 16.7% from 2025 to 2033. This growth is primarily driven by rising demand for innovative entertainment solutions, increasing adoption of drones for marketing and promotional events, and growing interest in sustainable alternatives to traditional fireworks.

Key Market Trends & Insights

• North America dominated the global drone light show market with the largest revenue share of over 38% in 2024.
• The drone light show market in the U.S. held the largest revenue share in 2024.
• By type, the drone formations segment led the market and held the largest revenue share of over 49% in 2024.
• By end use, the public events segment held the dominant position in the market and accounted for the leading revenue share of over 23% in 2024.
• By mode of operation, the remotely operated segment led the market and held the largest revenue share of over 55% in 2024.

Market Size & Forecast

• 2024 Market Size: USD 1,561.5 Million
• 2033 Projected Market Size: USD 6,113.3 Million
• CAGR (2025-2033): 16.7%
• North America: Largest market in 2024

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The global drone light show industry is largely driven by the growing demand for eco-friendly and innovative entertainment solutions. Increasing restrictions on traditional fireworks, due to environmental and safety concerns have accelerated the adoption of drone-based alternatives.

The rise of smart cities and technological festivals has also amplified the need for synchronized aerial displays powered by drones and software automation. Declining costs of drone hardware and advancements in real-time 3D mapping and GPS technologies enable more complex and creative formations, expanding the scope of the drone light show industry. These factors collectively support the steady expansion of the global drone light show industry.

Key Drone Light Show Companies:

The following are the leading companies in the drone light show market. These companies collectively hold the largest market share and dictate industry trends.

• Sky Elements, LLC
• Verge, Inc.
• Intel Corporation
• Dronisos
• Great Lakes Drone Company, LLC
• SKYMAGIC LIVE. PTE. Ltd
• CollMot
• Firefly Drone Show
• Nova Sky Stories LLC. 
• CYBERDRONE
• Celestial
• BotLab Dynamics

Recent Developments

• In January 2025, Verge, Inc. expanded its presence in the drone light show industry by delivering drone-pyrotechnic combination performances at major events such as PGI 2024 and the Albuquerque Balloon Fiesta. The company also executed a record-setting New Year’s Eve show in Ras Al Khaimah, featuring a synchronized display of 2,000 drones integrated with fireworks. This achievement reinforced Verge’s leadership in high-impact aerial entertainment and highlighted the growing trend of multimedia integration in the drone light show industry.
• In January 2025, Firefly Drone Show unveiled its compact v2 drone fleet, designed to enhance the efficiency and scalability of the drone light show. The new fleet enables the deployment of 30-50 drones per transport case, significantly reducing setup time and logistical complexity. This advancement supports rapid mobilization for live events and large-scale productions, reinforcing Firefly’s competitive position in the evolving drone light show industry focused on flexibility and operational agility.
• In early 2025, CollMot Robotics introduced drone-launched pyrotechnic effects and aerial image projection using drone-mounted laser technology, expanding the creative possibilities within the drone light show industry. These innovations enable immersive visual storytelling by combining real-time aerial animation with dynamic laser displays and smoke-generated projection screens. This advancement positions CollMot at the forefront of next-generation drone entertainment, offering a compelling alternative to traditional drone-pixel formats and opening new commercial opportunities in concerts, festivals, and branded experiences.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Native Advertising Market Is Expected To Accomplish A Valuation Of Around $346.88 Billion By 2033: Grand View Research Inc.

 Native Advertising Market Summary

The global native advertising market size was estimated at USD 105.88 billion in 2024 and is projected to reach USD 346.88 billion by 2033, growing at a CAGR of 13.9% from 2025 to 2033. The market growth is primarily driven by the rising need for non-intrusive and privacy-compliant digital marketing, the native advertising market is gaining traction due to increasing ad fatigue from traditional formats and growing demand for contextually relevant brand messaging.

Key Market Trends & Insights

• North America dominated the global native advertising market with the largest revenue share of 31.0% in 2024.
• The native advertising market in the U.S. led the North America market and held the largest revenue share in 2024.
• By content format, the in-feed native ads segment led the market, holding the largest revenue share of 42.7% in 2024.
• By platform, the closed platform segment held the dominant position in the market and accounted for the leading revenue share of 55.6% in 2024.
• By end use, the education segment is expected to grow at the fastest CAGR 17.1% from 2025 to 2033.

Market Size & Forecast

• 2024 Market Size: USD 105.88 Billion
• 2033 Projected Market Size: USD 346.88 Billion
• CAGR (2025-2033): 13.9%
• North America: Largest market in 2024

The increasing demand for personalized user experiences is transforming the native advertising industry. Consumers are showing clear preferences for content that resonates with their interests, prompting advertisers to shift from generic ads to tailored messaging formats. This personalization is powered by artificial intelligence (AI) and machine learning, allowing platforms to deliver native content that blends seamlessly into the digital environment. As a result, the native advertising industry is evolving into a performance-driven ecosystem that prioritizes relevance, engagement, and ROI.

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The growing demand for privacy-compliant advertising is reshaping the native advertising industry. With regulations such as GDPR and CCPA enforcing stricter data usage policies, advertisers are turning to native formats that rely on contextual rather than behavioral targeting. These formats offer a non-intrusive approach to engage users while maintaining compliance with evolving legal frameworks. Consequently, the native advertising industry is witnessing increased investment in privacy-focused ad technologies and platforms.

Accelerated by the deprecation of third-party cookies, the native advertising industry is prioritizing first-party data strategies to sustain targeting effectiveness. This shift is compelling publishers and advertisers to harness their own audience insights to deliver more precise and compliant campaign executions. Native formats-by design-enable contextually relevant placements that align with evolving privacy expectations. As a result, native advertising is emerging as a key driver of digital marketing resilience in a post-cookie era.

Fueled by the dominance of mobile usage in consumer behavior, native advertising is rapidly scaling across mobile-first digital ecosystems. Marketers are capitalizing on the seamless integration of native formats within mobile apps and social feeds to enhance visibility and engagement. Interactive formats such as short-form videos, swipeable content, and embedded shopping elements are proving especially effective in driving user action. This momentum is positioning mobile-native advertising as a central pillar in growth-focused digital strategies.

Key Native Advertising Companies:

The following are the leading companies in the native advertising market. These companies collectively hold the largest market share and dictate industry trends.

• Taboola
• Outbrain
• RevContent
• MGID
• TripleLift
• Nativo Inc
• net
• Sharethrough
• Verizon Media (Yahoo Native)
• Teads

Recent Developments

• In April 2025, MGID partnered with Integral Ad Science (IAS) to strengthen third-party ad measurement and optimization. The integration provides advertisers with real-time insights into viewability, attention, brand safety, and invalid traffic. This move enhances transparency and reinforces MGID’s focus on delivering trustworthy, high-performing native ad campaigns.
• In April 2025, Taboola expanded its partnership with Gannett to strengthen its AI-driven Realize offering. This integration gives performance advertisers access to Gannett’s full display inventory, including USA TODAY and over 200 local sites. The move enhances targeting and campaign performance using Taboola’s first-party data and publisher integrations.
• In October 2024, MGID, a global native advertising platform, partnered with Entertainment Network India Limited (ENIL), popularly known as Mirchi, to accelerate the adoption of native advertising across India. The collaboration brings together MGID’s advanced native ad formats-such as rich media and video-with Mirchi’s MPing digital ad network, which is trusted by over 800 brands. This strategic alliance aims to simplify campaign planning, execution, and optimization while expanding native ad reach across more than 60 Indian cities.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

BOPP Films Market Industry Analysis Comparing Industry Prospects And Challenges Of Investing

 The global BOPP films market size was estimated at USD 26.14 billion in 2023 and expected to grow at a CAGR of 5.92% from 2024 to 2030. The market is experiencing significant growth, driven by their extensive application across various industries such as packaging, labeling, and lamination. Biaxially oriented polypropylene (BOPP) films are preferred for their superior clarity, excellent barrier properties, and high tensile strength, making them ideal for packaging food products, consumer goods, and industrial applications.

The market is benefiting from advancements in manufacturing technologies, leading to enhanced product quality and performance. Additionally, increasing consumer demand for sustainable and recyclable packaging solutions is propelling the adoption of BOPP films, as they are environmentally friendly and can be recycled multiple times without losing their essential properties.

Drivers, Opportunities & Restraints

The primary drivers of the BOPP films market include the increasing demand for flexible packaging solutions and the rising awareness of sustainable packaging materials. BOPP films offer several advantages over traditional packaging materials, such as reduced packaging weight, improved shelf life of products, and cost-effectiveness. The growing e-commerce industry is also fueling the demand for robust and durable packaging solutions, further boosting the market. Moreover, advancements in technology have enabled the production of high-performance BOPP films with enhanced properties like moisture resistance, clarity, and printability, making them highly suitable for various packaging applications. The trend towards convenience and ready-to-eat food products is another significant driver, as BOPP films provide excellent protection and extended shelf life for these products.

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With increasing environmental concerns and stringent regulations regarding plastic waste, there is a growing demand for sustainable packaging solutions. Companies that invest in the research and development of eco-friendly BOPP films can capitalize on this trend and gain a competitive edge. Additionally, the expanding applications of BOPP films in emerging sectors such as electronics, pharmaceuticals, and personal care products offer significant growth potential. Innovations in coating and metallization technologies can further enhance the functionality of BOPP films, opening up new avenues for market expansion.

Despite its promising growth, the market faces several challenges that could hinder its progress. One of the primary restraints is the volatility in raw material prices, particularly polypropylene resin, which can impact the overall production cost and profitability of BOPP films. Additionally, the market is highly competitive, with numerous players vying for market share, leading to price wars and reduced profit margins. The stringent regulations and standards imposed by various governments on plastic packaging materials also pose a challenge, requiring manufacturers to continuously invest in compliance and sustainability measures.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Cyber Insurance Market is Expected to Enhance $19.2 Billion Revenue By 2025: Grand View Research Inc.

 Cyber Insurance Market Growth & Trends

The global cyber insurance market size is expected to reach USD 19.2 billion by 2025, expanding at a CAGR of 25.6% over the forecast period, according to a new report by Grand View Research, Inc. Cyber insurance is anticipated to aid businesses in minimizing losses incurred due to potential threats of cybercrimes such as ransomware, malware, distributed denial-of-service attacks, or other threats, which can severely compromise a network. Cyber insurance covers the liability of a business for breach of data, comprising sensitive customer information such as credit card details, social security numbers, drivers’ license numbers, account details, and health records.

Technological advancements have proliferated the use of Internet of Things (IoT), artificial intelligence (AI), robotics, and virtual reality (VR) and augmented reality (AR), thereby positively influencing the use of these technologies at workplaces and homes. However, these developments have created new threat vectors. The insurance industry enables an organization or consumers to minimize cyber risks associated with these emerging threats.

Demand for cyber insurance primarily originated from IT, banking, media, and telecom firms, which are exposed to severe cyberattacks. These firms demand robust cybersecurity structure against malware attacks and loss of confidential information of clients. However, cyberattacks and threats are inevitable as hackers have developed sophisticated ways of targeting different businesses. The types of cyberattacks against businesses are continually evolving and cyber insurance acts as a convenient solution for organizations to receive compensation for financial losses incurred.

Growing awareness of cyberattacks has enabled organizations to understand, address, and diversify their risk strategies. Rising demand for cyber insurance protection coverage in areas beyond retail, healthcare, and financial institutions, such as professional services, is further driving the market. Cyber risk insurance is anticipated to be an alternative way to mitigate damage caused by breach of data. Insurers evaluate the strength of a company’s cybersecurity stance before issuing any policy. However, if an organization has not invested in appropriate cybersecurity solutions, then it may not qualify for insurance.

Stringent legislation concerning cybersecurity in several states in the U.S. has led to greater penetration of cyber liability policies. The U.S. cyber insurance market has witnessed exponential growth in the recent past. Presence of key players in the country is further strengthening the domestic market.

Rapid industrialization in developing economies such as China, India, and other South Asian countries is anticipated to drive the Asia Pacific market. This regional market is expected to exhibit the highest CAGR over the forecast period. Rising number of small and medium businesses in the region is anticipated to create a substantial demand for cyber insurance businesses.

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Cyber Insurance Market Report Highlights

• The global cyber insurance market was valued at USD 4.3 billion in 2018 and is expected to exhibit a CAGR of 25.6% from 2019 to 2025
• The large enterprise segment accounted for dominant share of over 85.0% in 2018. The SMB segment, on the other hand, is anticipated to register the highest CAGR of 15.3% over the forecast period
• The BFSI application segment accounted for a revenue share of over 24.0% in 2018. The healthcare segment is anticipated to expand at the fastest pace over the forecast period
• Key players operating in the market include AON Plc; American International Group, Inc.; Allianz Group; Berkshire Hathaway; and Lockton Companies, Inc.
• The North America market accounted for the largest revenue share of over 76.0% in 2018

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Cyber Insurance Market Segmentation

Grand View Research has segmented the global cyber insurance market on the basis of organization, application, and region:

Cyber Insurance Organization Outlook (Revenue, USD Billion, 2015 - 2025)

• SMB
• Large Enterprise

Cyber Insurance Application Outlook (Revenue, USD Billion, 2015 - 2025)

• BFS
• Healthcare
• IT & Telecom
• Retail
• Others

Cyber Insurance Regional Outlook (Revenue, USD Billion, 2015 - 2025)

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

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Global Beer Dispenser Market to Witness Soaring Growth During 2024– 2030: Grand View Research Inc.

 Beer Dispenser Market Growth & Trends

The global beer dispenser market size was estimated to reach USD 595.64 million in 2030 and is anticipated to grow at a CAGR of 5.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is experiencing notable improvement, driven by the increasing popularity of craft beers. Technological advancements, such as smart dispensing systems and innovative design features, contribute to the market's growth, enhancing the overall consumer experience.

The rise of beer culture and the experiential aspect of enjoying different brews contribute to the demand for advanced dispensing technologies, such as smart taps, temperature-controlled systems, and aesthetically appealing designs. As a result, manufacturers and stakeholders in the market are compelled to innovate and cater to the evolving needs of consumers, creating a symbiotic relationship between beer consumption trends and the growth of the market.

Multiple faucet beer dispensers exhibited the largest share in 2023. Establishments with beer dispensers featuring multiple taps can offer various beers, catering to different tastes and preferences. This can help improve the overall consumer experience. Unlike placing other faucets for each variety of beer, a multiple-faucet dispenser saves the space required for the beer-serving area, making it more efficient and organized.

Bars & clubs held the larger market size in 2023. Beer dispensers add to the aesthetic appeal of a bar or a club, particularly multiple dispensing systems with different faucets and designs. Bars and clubs usually buy beer in kegs since it is more economical than individual bottles or cans. Draft beer systems are popular across such establishments since they are reusable, reducing the environmental impact of single-use bottles or cans. The beverage dispensing units allow quicker and more efficient service, especially during peak hours, increasing customer visits to the bar or restaurant.

Europe accounted for the largest share of the market. Several companies offer automated beer dispensers to restaurants and pubs. For instance, Austria-based Beerjet GmbH, a key player in the beer dispenser industry, offers BEERJET 4 PREMIUM. This automatic beer dispensing system includes a tilting unit with manual glass height adjustment, four parallel tap units, a display to view the filling level, temperature, and pressure, foam control, and a touch screen for container selection.

Major players in the market include Beerjet GmbH; Bottoms Up Draft Beer Systems (GrinOn Industries); and PourMyBeer (Innovative Tap Solutions). Various steps are adopted by these companies including new product launches, partnerships, mergers & acquisitions, global expansion, and others to gain more share of the market.

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Beer Dispenser Market Report Highlights

• Based on product, the bottom up segment is estimated to grow with a substantial CAGR over the forecast period. Bottom up dispensers are known for their ability to fill the glasses quickly. This is particularly advantageous in high-traffic venues such as sports stadiums, concert arenas, and busy bars where swift service is essential
• Based on application, the bars & clubs segment is expected to grow with a higher CAGR over the forecast period. Bars and clubs usually buy beer in kegs since it is more economical than individual bottles or cans. Draft beer systems are popular across such establishments since they are reusable, reducing the environmental impact of single-use bottles or cans
• Asia Pacific is expected to grow with a considerable CAGR over the forecast period from 2024 to 2030. Rapid urbanization and a shift in lifestyle, particularly among the younger population, significantly contribute to the rise in demand for specialty beers. As consumers embrace a more sophisticated palate, there is a growing demand for various beer styles and flavors

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Beer Dispenser Market Segmentation

Grand View Research has segmented the global beer dispenser market based on product, application, and region:

Beer Dispenser Product Outlook (Revenue, USD Million, 2018 - 2030)

• Single Faucet
• Double Faucet
• Triple Faucet
• Multiple Faucet
• Bottom Up

Beer Dispenser Application Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Bars & Clubs
• Hotels & Restaurants
• Households

Beer Dispenser Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
• Europe
  • UK
  • Germany
  • France
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
• Central & South America
  • Brazil
• Middle East & Africa
  • South Africa

List of Key Players in the Beer Dispenser Market

• Beerjet GmbH
• Bottoms Up Draft Beer Systems (GrinOn Industries)
• PourMyBeer (Innovative Tap Solutions)
• Table Tap
• BeerMatic (HOSHIZAKI - GLOBAL AB MON. EΠΕ.)
• iPourIt
• RevolMatic
• PUBINNO
• Frothstop

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.