Persistence Market Research

  The sodium borohydride market is projected to grow from USD 1.38 billion in 2024 to USD 2.1 billion by 2031, with a CAGR of 6.2%. Key drivers include its rising demand in pharmaceuticals, wastewater treatment, and eco-friendly industrial applications. The market will benefit from increased partnerships and collaborations, such as the October 2024 collaboration between IIT Delhi and the IEA to innovate clean energy technologies. North America, holding 28% of the market share in 2024, is expected to dominate due to strong pharmaceutical demand, while the powder type of sodium borohydride, making up 65% of the market, is favored for its adaptability. Additionally, the pulp and paper industry, which accounts for 36% of the market in 2024, relies on sodium borohydride as a bleaching agent, further propelling market growth. The  sodium borohydride market  is witnessing significant growth, driven primarily by the rising demand for reducing agents across various industries. Sodium borohydrid

  The  U.S. wearables market  is projected to grow from US$16.81 billion in 2024 to US$33.49 billion by 2031, at a CAGR of 10.4%. Innovations in materials and the integration of health and wellness features, including advanced fitness tracking and biometric sensors, are driving this growth. The wrist-wear segment, which accounted for 48% of the market in 2023, is expected to continue leading with a CAGR of 11%, fueled by rising health consciousness. Additionally, the education sector will see the highest growth rate, with wearables supporting personalized learning and immersive AR/VR experiences. The market is also benefiting from advancements in augmented and virtual reality technologies, enabling new applications in sectors like aerospace and defense, where companies like Accenture and Airbus are leveraging wearables for enhanced productivity and efficiency. The U.S. wearables market is experiencing a remarkable surge, and the outlook for the next decade appears exceptionally promisi

    The  automotive pedestrian protection system market  is set to grow from US$ 7.23 billion in 2024 to US$ 18.84 billion by 2031, with a robust CAGR of 14.7%. The market's expansion is driven by heightened safety concerns and global efforts to reduce pedestrian fatalities, which account for about 25% of all road traffic deaths. Stricter safety regulations, such as Euro NCAP's standards, are boosting the market in regions like Europe, where automakers integrate advanced safety features like external airbags, sensors, and automatic braking systems. The increasing integration of pedestrian protection in autonomous vehicles and electric vehicles (EVs) further fuels growth. Notably, the automatic braking and collision avoidance systems hold the largest market share, supported by the rising adoption of Advanced Driver Assistance Systems (ADAS) and regulatory mandates. With key players like Bosch, Continental AG, and Denso leading the charge, the market is set for significant innova

    The  sales force automation (SFA) market  is projected to grow significantly, from US$10.96 billion in 2024 to US$19.91 billion by 2031, with a CAGR of 8.9%. This growth is driven by businesses seeking to streamline sales processes, improve customer relationship management, and leverage data-driven insights. SFA solutions are increasingly adopted across industries like BFSI and retail, where they help optimize sales pipelines and enhance customer interactions. North America is expected to dominate the market, accounting for 51% of the share in 2024, with cloud deployment leading the way, holding 68% of the market share. The integration of advanced AI, machine learning, and predictive analytics further fuels the adoption of SFA, making it a key tool for businesses to stay competitive. The Sales Force Automation (SFA) market is experiencing rapid expansion, with North America continuing to lead the charge. The region’s dominance is expected to persist over the forecast period, driven

  The global  vacuum insulation panel (VIP) market  is projected to reach US$8.1 billion in 2024, growing at a CAGR of 4.9% to reach US$11.3 billion by 2031. This growth is driven by advancements in energy efficiency and the increasing demand across industries such as cold chain logistics, electric vehicles, aerospace, and construction. Notably, VIPs offer superior thermal insulation, enhancing energy efficiency and temperature control. North America is the leading region, supported by stringent building codes and a focus on sustainability, while Europe follows with its strong emphasis on energy-efficient technologies and regulatory frameworks. Technological advancements and strategic investments further contribute to the market's expansion, particularly in sustainable insulation solutions. What Are Vacuum Insulation Panels? Vacuum insulation panels are a cutting-edge solution designed to provide exceptional thermal insulation. These panels are typically composed of an insulating c

  The  automotive gesture recognition systems market  is expected to grow from US$1.56 billion in 2024 to US$2.8 billion by 2031, with a remarkable CAGR of 18.7%. This growth is driven by increasing consumer demand for advanced, user-friendly interfaces and the rise of autonomous vehicles. Europe is set to dominate the market with over 42% share, led by Germany, due to its technological innovations and strict safety regulations. Meanwhile, the Asia Pacific market is also experiencing substantial growth, fueled by rising automotive production and a preference for luxury vehicles. Gesture recognition technologies, which reduce driver distractions and improve safety, are gaining traction, especially with advancements in AI, machine learning, and camera technologies. This trend is further supported by the shift towards electric and autonomous vehicles. In 2024, Europe has emerged as a frontrunner in the global automotive gesture recognition market, showcasing unparalleled growth and innova

  The  automotive adaptive cruise control (ACC) market  is projected to grow from US$1.2 billion in 2024 to US$2.3 billion by 2031, with a CAGR of 9.1%. Growth is driven by the increasing demand for road safety, ADAS, and advancements in electric and autonomous vehicles. Asia Pacific is expected to dominate due to cost-effective production and technological advancements, while Europe is poised for significant growth thanks to initiatives like Euro NCAP. The market benefits from innovations in radar, sensors, and AI, with collaborations between automakers and tech firms further enhancing ACC systems. The rising preference for mid-range vehicles is also boosting demand for ACC sensors. As the automotive industry transitions toward more advanced safety and autonomous driving technologies, the  Asia-Pacific region  is emerging as a key player in the growth of the  Automotive Adaptive Cruise Control (ACC) Market . This region is expected to dominate the market due to several factors, includ

  The  self-driving bus market  is projected to grow from US$1.59 billion in 2024 to US$9.0 billion by 2031, at a robust CAGR of 28.2%. This growth is fueled by advancements in autonomous technology, rising investments in smart transportation, and the increasing demand for efficient public transit. Europe leads the market, supported by government initiatives and advanced infrastructure, while Asia Pacific is expanding due to rapid urbanization. The hardware segment dominates globally, and level 3 automation remains a key focus. Self-driving buses are set to transform urban mobility, offering sustainable, efficient alternatives to traditional transport systems. As urban centers continue to grow and the need for sustainable and efficient public transport solutions increases, self-driving buses are emerging as a game-changer, particularly in developing countries. These autonomous vehicles promise to tackle pressing challenges such as overcrowded roads, limited public transport infrastruct