Market Research Insights

Artificial Intelligence (AI) is rapidly reshaping the global agriculture landscape, introducing smarter, faster, and more sustainable farming practices. From precision crop monitoring to autonomous tractors and predictive analytics, AI technologies are enabling farmers to increase productivity while reducing operational costs and environmental impact. The  Artificial Intelligence in Agriculture Market  was valued at  USD 2.44 billion in 2024  and is projected to reach  USD 9.55 billion by 2030 , expanding at a strong  compound annual growth rate (CAGR) of 25.5%  during the forecast period. This growth reflects the rising adoption of smart farming solutions, increasing food demand, and the urgent need to optimize agricultural resources. Why AI is Becoming Essential in Agriculture Agriculture today faces multiple challenges, including labor shortages, unpredictable weather conditions, shrinking arable land, and rising production costs. Traditional farmin...

  The   global electric power steering (EPS) market   is witnessing strong growth as automakers transition from hydraulic steering systems to energy-efficient, electronically controlled alternatives. Increasing demand for   fuel-efficient vehicles, electric vehicles (EVs), and advanced driver-assistance systems (ADAS)   is accelerating EPS adoption across passenger and commercial vehicles worldwide. According to recent market insights, the  electric power steering market was valued at USD 25.32 billion in 2023  and is projected to reach  USD 39.27 billion by 2030 , expanding at a  compound annual growth rate (CAGR) of 6.6% from 2024 to 2030 . EPS systems are becoming a standard feature in modern vehicles due to their ability to improve fuel economy, reduce emissions, enhance steering precision, and support automated driving technologies. What is Electric Power Steering (EPS)? Electric Power Steering replaces traditional hydraulic systems with...

The global  nutraceuticals market  is entering a strong growth phase as consumers increasingly prioritize  preventive healthcare, immunity support, and functional foods . Rising awareness about lifestyle diseases, aging populations, and demand for natural health solutions are accelerating the adoption of dietary supplements, fortified foods, and functional beverages worldwide. According to recent market insights, the  nutraceuticals market was valued at USD 591.1 billion in 2024  and is projected to reach  USD 919.1 billion by 2030 , expanding at a  CAGR of 7.6% from 2025 to 2030 . This steady expansion reflects the growing convergence of nutrition and pharmaceuticals, creating opportunities for manufacturers, suppliers, and health-focused brands. What Are Nutraceuticals? Nutraceuticals are  food-derived products that provide medical or health benefits , including disease prevention and overall wellness support. They include: Dietary supplements F...

The rapid shift toward digital transformation, hybrid IT environments, and distributed cloud ecosystems is driving explosive growth in the  global multi-cloud management market . As enterprises adopt multiple cloud platforms to enhance flexibility, reduce vendor lock-in, and improve performance, the need for centralized cloud monitoring, automation, and security solutions is becoming critical. According to recent market insights, the  multi-cloud management market was valued at USD 8,032.7 million in 2022  and is projected to surge to  USD 56,019.9 million by 2030 , expanding at an impressive  CAGR of 28.0% from 2023 to 2030 . This strong growth highlights the increasing complexity of modern cloud infrastructure and the rising demand for efficient cloud orchestration tools. What is Multi-Cloud Management? Multi-cloud management refers to  tools and platforms that enable organizations to monitor, secure, automate, and govern multiple cloud environments —incl...

  UV Lithography Market Growth: How Extreme Ultraviolet (EUV) Lithography is Transforming Semiconductor Manufacturing The global UV lithography market , particularly Extreme Ultraviolet (EUV) lithography , is revolutionizing modern semiconductor manufacturing. As chipmakers push toward smaller nodes like 5nm, 3nm, and 2nm , advanced UV lithography technology has become essential for producing faster, smaller, and more energy-efficient integrated circuits. With rising demand for AI processors, high-performance computing, 5G devices, and smart electronics, the EUV lithography market is experiencing rapid growth and heavy investment worldwide. What is UV Lithography? UV lithography is a semiconductor fabrication process that uses ultraviolet light to transfer circuit patterns onto silicon wafers. There are two main types: Deep Ultraviolet (DUV) Lithography Uses 193 nm wavelength Suitable for older nodes Requires multiple patterning steps Extreme Ultravio...

  Battery Raw Material Market: Essential Materials Powering Lithium-Ion Battery Growth The global shift toward  electric vehicles (EVs), renewable energy storage, and portable electronics  is accelerating demand for  lithium-ion batteries  at an unprecedented pace. Behind this battery boom lies a rapidly expanding  battery raw material market , supplying the critical minerals and materials that determine battery performance, safety, and cost. From  lithium and nickel to cobalt, graphite, and manganese , these raw materials form the backbone of modern energy storage technology. As countries push for decarbonization and electrification, securing reliable and sustainable sources of battery materials has become a strategic priority for manufacturers, governments, and investors alike. Why Raw Materials Matter in Lithium-Ion Batteries Every lithium-ion battery relies on carefully engineered components. The choice and quality of raw materials directly affect:...