According to the global industry 5.0 market size forecast, the market is expected to rise from USD 103.19 billion in 2025 to USD 483.32 billion by 2030, and USD 1352.96 billion by 2035, representing an overall CAGR of 29.35% till 2035. In July 2024, Siemens announced a strategic partnership with a robotics firm to develop collaborative robots for electronics assembly lines. This move aims to blend human expertise with robotic precision, a key principle of Industry 5.0, to improve production qual...

The global gallium-oxide power devices market size is expected to rise from USD 61.83 million in 2025 to USD 127.05 million by 2030, and USD 205.35 million by 2035, representing an overall CAGR of 12.75% till 2035. In August 2025, Kyma Technologies and Novel Crystal Technology (an equity-method affiliate of Tamura) announced a collaboration on the development of Ga2O3 epiwafers for high voltage power electronics applications. According to Ga2O3 power devices market trends, the radio frequency de...

The global anti-aging drugs market, valued at USD 79 million in 2025, is projected to reach USD 150 million in 2026 and USD 2,807 million by 2040, with a 23.3% CAGR during the forecast period 2026 to 2040. The National Institute of Health around 7.2 million American citizens aged above 65 and above live with diseases, such as Alzheimer. In January 2025, the Dog Aging Project secured a USD 7 million grant to expand its clinical trial of an anti-aging drug. It is worth highlighting that the mar...

The psychedelic drugs market is estimated to grow from USD 2.77 billion in 2024 to reach USD 3.19 billion in 2025 and USD 12.89 billion by 2035, representing a higher CAGR of 15% during the forecast period. In the same month, Cybin secured a $500 million financing deal with High Trail Capital, starting with a $50 million initial tranche to support late-stage psychedelic programs CYB003 and CYB004 for mental health disorders. In the same month, Filament Health announced positive data from phase 2...

The AI in oncology market is estimated to grow from USD 1.7 billion in 2024 to reach USD 2.4 billion in 2025 and USD 9.1 billion by 2035, representing a higher CAGR of 14.1% during the forecast period. Further, more than 35 million new cancer cases are likely to be diagnosed by 2050. According to the International Agency for Cancer Researchers, the number of cancer-associated deaths is likely to increase by 72%, by 2030. In February 2025, Myriad Genetics signed a strategic partnership with PATHO...

The global paraffin inhibitors market, valued at USD 728 million in 2024, is projected to reach USD 776 million in 2025 and USD 1,409 million by 2035, representing a CAGR of 6.14% during the forecast period. The global paraffin inhibitors’ demand is expected to grow significantly over the forecast period due to the rising oil and gas industry trends. According to our paraffin inhibitors market report, the market is bifurcated into various type of operation such as downstream, midstream and ups...

The global military communications market, valued at USD 34.8 billion in 2024, is projected to reach USD 37.18 billion in 2025 and USD 69.58 billion by 2035, representing a CAGR of 6.46% during the forecast period. In January 2025, SpaceX launched SpainSat military communications mission for Hisdesat. According to our military communications systems market size analysis, the new installation segment will augment the growth with the largest market share of over 74.56% by the next decade. Military...

The global biobatteries market, valued at USD 96.1 billion in 2024, is projected to reach USD 104.67 billion in 2025 and USD 230.43 billion by 2035, representing a CAGR of 8.21% during the forecast period. According to our global biobatteries market analysis, the enzymatic bio-battery segment will augment the segment's growth with the largest market share of over 44.56% by the next decade.According to our biobatteries growth forecast, the medical implants segment will augment the segment's grow...

The global digital rights management (DRM) market, is estimated to rise from USD 6.18 billion in 2025 to reach USD 26 billion by 2035 representing a CAGR of 15.44% during the forecast period 2025 to 2035. DRM plays a crucial role in safeguarding intellectual property (IP) and digital assets by controlling access, usage, and distribution of digital content across media, publishing, software, and enterprise ecosystems. The solutions segment accounts for nearly 65% of the market share and is expect...

The global yaw system market, valued at USD 2.6 billion in 2024, is projected to reach USD 2.8 billion in 2025 and USD 6.56 billion by 2035, representing a CAGR of 8.56% during the forecast period. According to our yaw system growth forecast, the wind energy segment will augment the segment's growth with the largest market share of over 65.6% by the next decade.Currently, the large enterprise segment is expected to dominate the segment with 60.34% of the market share. Asia yaw system market cur...

The vaccine development companies produced an estimated 7 billion doses of vaccines globally, in the year 2024 and are expected to produce around 8 billion doses in 2025. In January 2025, the Coalition for Epidemic Preparedness Innovations (CEPI) has made a significant new investment of $ 24 million in the Vaccine and Infectious Disease Organization (VIDO), aiming to bolster global preparedness for future infectious disease outbreaks as the world continues to recover from the last pandemic. Nota...

The biostimulants market is estimated to grow from USD 2.88 billion in 2024 to reach USD 3.18 billion in 2025 and USD 8.60 billion by 2035, representing a higher CAGR of 10.45% during the forecast period. The farm bill describes biostimulants as substances or microorganisms that stimulate natural processes to enhance nutrient uptake, nutrient efficiency, tolerance to abiotic stress, or crop quality and yield. In May 2025, TPG and Renaissance Partners jointly acquired a stake in SICIT. An Italy-...

Several market players are focusing on strategic initiatives to strengthen their product portfolio and expand innovation. For instance, in January 2025, Bayer Consume Health (Germany) launched, CanesMeno®, a unique science-backed product range and defined digital education resources crafted by the experts for the first time in the UK. The product is specifically designed to support health of 13 million women in the UK who are experiencing menopausal / premenopausal condition. Similarly, a lot o...

The global electric vehicle traction motor market, valued at USD 11.3 billion in 2024, is projected to reach USD 17.12 billion in 2025 and USD 316.84 billion by 2035, representing a CAGR of 33.88% during the forecast period. The market is segmented into various power outputs, such as 100 kW to 250 kW, less than 100 kW, and more than 250 kW. According to our EV traction motor industry analysis, the Asian EVTM market currently exhibits dominance with 34.19% of overall market share.

The global gigacasting market, valued at USD 1.3 billion in 2024, is projected to reach USD 1.52 billion in 2025 and USD 7.04 billion by 2035, representing a CAGR of 16.58% during the forecast period. This technology allows for the production of massive single-piece structures, such as vehicle chassis and bodies-in-white, by injecting molten aluminum into casting molds. According to our market insights, the die casting segment will increase the market share of gigacasting by 64.6% during the for...

The targeted protein degradation market is estimated to grow from USD 0.48 billion in 2024 to reach USD 1.00 billion in 2025 and USD 6.94 billion by 2035, representing a higher CAGR of 21% during the forecast period. In June 2025, SEED Therapeutics announced the appointment of Dr. Bill Desmarais as the Chief Financial Officer and Chief Business Officer, who previously served as Chief Business Officer at Alchemab Therapeutics. In May 2025, Kesmalea Therapeutics appointed Tim Clackson to its board...

The global software defined radio market, valued at USD 15.9 billion in 2024, is projected to reach USD 16.9 billion in 2025 and USD 29.93 billion by 2035, representing a CAGR of 5.88% during the forecast period. According to our global software defined radio market analysis, the joint tactical radio system is set to take the lead with the largest market share of over 34.56% by the next decade. Amber Dolan, director of Adaptive Communications and Sensing at BAE Systems stated that this airborne...

The global engineered wood market, valued at USD 287 billion in 2024, is projected to reach USD 306 billion in 2025 and USD 569 billion by 2035, representing a CAGR of 6.37% during the forecast period. The global engineered wood market size is expected to grow significantly over the forecast period due to the rapidly growing demand for sustainable construction materials. The plywood segment is anticipated to dominate the segment with more than 40% engineered wood market share in 2025. This domin...

The global biophotonics market size is expected to rise from USD 81.23 billion in 2025 to USD 147.72 billion by 2030, and USD 220.07 billion by 2035, representing an overall CAGR of 10.48% till 2035. In June 2025, Teradyne acquired Quantifi Photonics, a leader in photonic IC testing, enabling Teradyne to deliver scalable photonic integrated circuit (PIC) test solutions. Our biophotonics market forecast suggests the dominance of in-vitro sub-segment in the current year, with a share of 77.96%. In...

The global metamaterials market size is expected to rise from USD 1.55 billion in 2025 to USD 8.77 billion by 2030, and USD 17.44 billion by 2035, representing an overall CAGR of 27.4% till 2035. Notably, the electromagnetic metamaterial segment will lead the market and is likely to grow at a higher CAGR (28.99%) during the forecast period.As per our metamaterials market forecast, the thin film sub-segment will lead the market for metamaterials, capturing the largest revenue share of 54.95% in 2...