Tanu Sharma's blog

The global In 2024, Compressed Natural Gas (CNG) Tanks Market was estimated at USD 136.7 million and is anticipated to grow steadily, reaching approximately USD 214.7 million by 2037. This reflects a projected Compound Annual Growth Rate (CAGR) of 6.3% throughout the forecast period. The consistent shift towards cleaner energy alternatives, stringent environmental regulations, and the expansion of natural gas vehicle (NGV) fleets globally are major forces driving this growth.
Compressed Natural Gas (CNG) Tanks Industry Demand

The LiDAR Sensor Market is one of the fastest-growing segments within the sensor technology industry, driven by advancements in automation, robotics, autonomous vehicles, and geospatial mapping. In 2024, the global market for LiDAR sensors is valued at USD 2.4 billion, and it is forecasted to reach USD 13.7 billion by 2037, representing a robust CAGR of 14.8% during the forecast period.

The Device-as-a-Service (DaaS) market has emerged as a pivotal solution in the technology landscape, offering businesses the flexibility to access hardware devices on a subscription basis while outsourcing related services such as software, maintenance, and security management. As of 2024, the global DaaS market is valued at USD 125 billion and is poised for remarkable growth. The market is expected to reach USD 4.5 trillion by the end of 2037, representing a phenomenal CAGR of 30% during the forecast period.

The Aluminum Extruded Products Market is witnessing rapid growth, driven by the increasing demand for lightweight, durable, and high-strength materials across multiple industries. In 2024, the market was valued at USD 90.2 billion, and it is expected to grow significantly over the forecast period, reaching USD 292.1 billion by 2037. This growth translates into a CAGR of 9.4% from 2024 to 2037, as industries continue to adopt aluminum extrusions for their versatility and performance.

In 2024, the global market for Inflammatory Bowel Disease (IBD) Treatment Market stood at USD 23.26 billion and is anticipated to surge to USD 61.75 billion by 2037, reflecting a robust compound annual growth rate (CAGR) of around 7.8% throughout the forecast period. This substantial growth is being driven by the rising global burden of autoimmune gastrointestinal disorders, expanding therapeutic innovations, and increasing access to biologics and advanced small molecule drugs across key regional markets.
Inflammatory Bowel Disease Treatment Industry Demand

The global Bactericides Market was valued at USD 136.7 million in 2024 and is projected to reach USD 214.7 million by 2037, expanding at a compound annual growth rate (CAGR) of 6.3% during the forecast period. This robust growth is underpinned by increasing agricultural activities, rising demand for crop protection, and a heightened awareness of sustainable farming practices. As the global population grows and food security becomes increasingly vital, bactericides play an essential role in safeguarding crop yields and enhancing agricultural productivity.

The global market for Spatial Light Modulator (SLM) Market is projected to have grown from its 2024 valuation of USD 9.3 billion to USD 63.8 billion at a robust compound annual growth rate (CAGR) of 15.7%. This significant growth trajectory is primarily driven by the expanding applications of SLMs in holography, adaptive optics, beam shaping, and high-resolution display technologies. With the continuous evolution of photonics and laser-based systems, the demand for precise and programmable light modulation devices is surging, further enhancing the market’s value proposition.

The global market for Histone Deacetylase Inhibitors (HDACi) was estimated to be worth USD 1.35 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of more than 7.6% to reach USD 3.5 billion by the end of 2037, This growth is attributed to increasing R&D investments in epigenetic therapies, the expanding application of HDAC inhibitors in oncology and neurology, and the growing awareness of targeted therapeutic options.
Histone Deacetylase Inhibitors Industry Demand

The global market Automated suturing devices Market was estimated to be worth USD 3.4 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 7.6% to reach USD 8.1 billion by 2037. A rise in minimally invasive treatments, an increase in surgical volume globally, and a growing desire for operating room automation all contribute to this upward trajectory. As the healthcare industry moves toward precision and efficiency, automated suturing solutions are increasingly seen as vital tools for improving procedural outcomes and reducing operation times.

The global market for GPON (Gigabit Passive Optical Network) technology was valued at USD 7.9 billion in 2024 and is expected to increase at a steady rate of 7% CAGR over the course of the forecast period, reaching USD 18.9 billion by 2037. This upward trajectory is fueled by growing broadband adoption, demand for high-speed internet connectivity, and government initiatives to strengthen fiber-optic infrastructure.