#Artificial Intelligence in Agriculture Market Report

[ashimbisresearch]

The Global Artificial Intelligence in Agriculture Market is expected to reach $12,478.6 million by 2034

According to BIS Research, the Artificial Intelligence in Agriculture market, valued at $1,820.2 million in 2023, is projected to grow significantly, reaching an estimated $12,478.6 million by 2034, with the forecast period extending from 2024 to 2034.

[123567-9qaaq9]

Transforming Agriculture: A Comprehensive Market Report on Artificial Intelligence in Agriculture

The global artificial intelligence in agriculture market was valued at $1,517.0 million in 2022 and is expected to reach $4,096.1 million in 2027, following a CAGR of 21.98% during 2022-2027. Owing to the growing demand for food and grains, the growth in the artificial intelligence in agriculture market is expected to be driven by the increasing adoption of digital and smart agriculture equipment and technologies.

The agriculture industry is undergoing a revolutionary transformation, thanks to the integration of Artificial Intelligence (AI). The convergence of advanced technologies and agriculture has given rise to precision farming, smart agriculture, and data-driven decision-making.

Download the sample page to understand better @ Artificial Intelligence in agriculture market 

Market Segmentation

By Application

By Mode of Deployment

By Product Type

By Region

Key Drivers:

Precision Farming: AI technologies enable precision farming by analyzing data from various sources such as satellites, drones, and sensors. This helps farmers optimize crop yields, reduce resource usage, and enhance overall farm efficiency.

Crop Monitoring and Disease Detection: AI-powered image recognition and machine learning algorithms can identify crop diseases and pests at an early stage, facilitating timely intervention and preventing widespread crop damage.

Automation of Farming Processes: Robotics and AI-driven machinery are increasingly being used for tasks like planting, harvesting, and weeding. This reduces labor costs, increases efficiency, and minimizes human error.

Predictive Analytics: AI algorithms process historical data, climate patterns, and other relevant factors to predict optimal planting times, expected yields, and potential market conditions. This aids farmers in making informed decisions.

Supply Chain Optimization: AI helps streamline the entire agricultural supply chain, from production to distribution. Smart logistics and predictive analytics improve inventory management, reducing waste and ensuring timely delivery of produce.

Challenges:

High Initial Investment: Implementation of AI technologies requires a significant initial investment in hardware, software, and training. This poses a challenge, particularly for small-scale farmers who may find it financially burdensome.

Data Security Concerns: As AI relies heavily on data, concerns about the security and privacy of sensitive agricultural data have emerged. Establishing robust cybersecurity measures is essential to address these concerns.

Lack of Awareness and Training: Many farmers may not be familiar with AI technologies or lack the necessary skills to use them effectively. Bridging this knowledge gap through training programs is crucial for widespread adoption.

Opportunities:

Government Initiatives: Increasing government initiatives to promote smart farming practices and sustainable agriculture create a conducive environment for the growth of the AI in agriculture market.

Collaboration and Partnerships: Collaboration between technology companies, agricultural organizations, and research institutions can accelerate the development and deployment of AI solutions in agriculture.

Rising Demand for Sustainable Practices: Growing awareness of environmental sustainability is driving the demand for AI solutions that can optimize resource usage, reduce waste, and minimize the ecological footprint of agriculture.

Conclusion:

Artificial Intelligence is reshaping the agriculture landscape, offering innovative solutions to address challenges and improve productivity. As the market continues to evolve, the collaboration between technology providers, farmers, and policymakers will play a pivotal role in shaping the future of AI in agriculture. The potential benefits, including increased efficiency, sustainable practices, and improved crop yields, position AI as a key player in the ongoing transformation of the global agriculture industry.

[mohitbisresearch]

Artificial Intelligence in Agriculture Market is expected to reach $4,096.1 million in 2027, AI in Agriculture Industry following a CAGR of 21.98% during 2022-2027.

[tritonmarketresearch]

Smart Agriculture Market: Key Insights 2028

The agriculture industry is constantly losing its workforce due to the rise in urbanization, increased migration of local laborers, and lower farm revenue. These factors have led farmers to look for new solutions. Smart farming has gained momentum with automation in activities using technologies such as the IoT, big data & analytics, artificial intelligence and machine learning. The global smart agriculture market is anticipated to surge at a CAGR of 10.35% over the forecast period 2022-2028.

With a boom in population, food demand is anticipated to rise incrementally by 2050. There will be immense pressure on farmers to increase crop production and yield. This can only be achieved by increasing the land to grow crops or opting for new techniques, such as precision and vertical farming. The use of technologies, such as LED indoor farming, to create nature-like conditions will help farmers to match the expected demand for food supply in the future.

Digitalization – Key Driver

According to our reports, based on the type segment, precision farming currently holds the largest share of over 42.04% and is anticipated to maintain its stronghold throughout the forecast period.

Precision farming is experiencing a rapid transformation from a service and product perspective. The emergence of smart sensors, robotic automation, sophisticated biologicals, digital data, and many big incumbents are a few technological advancements that are ushering a new era in agriculture. The integration of technology in precision farming equipment is anticipated to drive the studied market’s growth.

Irrigation products have been a major contributor to the precision farming market. With the growing need for appropriate agricultural equipment, variable rate application (VRA) products are expected to propagate the studied market in the next five years.

Globally, the Asia-Pacific smart agriculture market is projected to be the fastest-growing region during the forecast period 2022-2028. The region presents immense scope for development, owing to the increasing urban population size, growing penetration of the internet in farm management, and favorable government investments. Moreover, the presence of economically advancing countries such as India and China is expected to create avenues for precision agriculture in the region.

Automation Trends

A shift in the global aging demographic has prompted the adoption of automation in farming practices.

Automation and control system manufacturers have seen a significant increase in sales due to this profound change in the farming industry.

Over the last 5 years, agricultural robots have been deployed for the purpose of crop management. These robots selectively treat soil and crops based on their needs, thereby reducing manual labor. Out of all the robots used in smart farming, UAVs/drones generated the most revenue.

Companies to Watch in the Market

In recent years, partnership and collaboration have been key strategies for expansion in the smart agriculture farming market. With the increasing growth in the global market, companies in this industry have incorporated collaborative strategies with other agricultural OEMs to remain competitive.

Some of them are as follows:

In May 2022, AGCO Corp acquired JCA Industries Inc (a leading autonomous software provider of agricultural-related products) to enhance the company’s automation system portfolio.

In June 2021, AgJunction Inc collaborated with Robert Bosch LLC to join the NEVONEX partner network. The partnership integrated NEVONEX into AgJunction’s hardware modules. The collaboration also enabled AgJunction Inc to provide its customers with a wider range of automated processes.

In February 2021, DroneDeploy collaborated with Corteva Agriscience, a leading manufacturer and supplier of agricultural seeds and chemicals, to design, develop, and provide advanced artificial intelligence and machine learning platforms to farmers to improve productivity.

In January 2021, Farmers Edge Inc collaborated with Google Cloud to promote the company’s services and boost its program’s implementation of artificial intelligence, machine learning, and predictive analysis.

Conclusion

Technological advancements and their incorporation into farming activities have benefited the agricultural sector. Out of all the equipment, such as sensors and robots, drones are anticipated to revolutionize the sector, as companies and farmers are eager to incorporate them into their business models. According to the Association for Unmanned Vehicles Systems International (AUVSI), around 80% of commercial drones will eventually be used for agriculture. The data collected from drones help farmers to improve the yield and provide water, fertilizer, and chemical pesticides to the crops when needed. It also helps to monitor crop health while checking for signs of diseases. Thus, the increasing benefits of automation and the use of drones in agriculture are anticipated to create new avenues for the smart agriculture market.

[elsa16744]

The Rise of ESG – What is the Importance of ESG Data Analytics? 

ESG data analytics has increased transparency in investor relations and financial disclosures. An independent data provider can enable investment managers to optimize their portfolios to prioritize investing in the top ESG-compliant companies. Meanwhile, businesses leverage ESG benchmarks in performance monitoring. This post will discuss the importance of ESG data analytics. 

What is ESG? 

ESG encompasses data gathering and sustainability accounting inspection across a company’s environmental, social, and governance activities. Several ESG integration services also allow for peer analytics to highlight how two organizations differ in their sustainability rating. 

An international organization employs a professional data provider to learn about ESG frameworks and standards. Simultaneously, investors determine which stocks to buy after conducting due diligence on a company’s ESG score. 

The statistical models used in calculating ESG scores are unique to each industry. After all, different industries exhibit specific environmental, social, and governance risks. Consider how a mining business affects the natural systems. The fashion industry’s impact on the environment will not be identical to the effects of the mining industry. 

What is ESG Data Analytics? 

ESG data analytics apply modern computing and statistical modeling techniques to estimate corporate compliance concerning environmental, social, and governance performance metrics. Businesses and investment managers work with an ESG data provider to ensure their assessments stay consistent with the sustainability accounting guidelines. 

You can study how different industries contribute to the total carbon emissions associated with human activity. Likewise, the social components include diversity and inclusion in the workplace environment at a company. So, collecting relevant data is essential to quantify how effectively a corporation mitigates environmental risks and improves employee relations. 

Sustainability and ESG analytics also deliver flexible reports regularly. Since advanced algorithms possess self-learning capabilities, automating report creation has become popular. 

Besides, many ESG integration services constantly monitor the changes in international frameworks. They can alert you and the involved employees when a new compliance metric affects the risk dynamics associated with your business model. 

The Importance of ESG Data Analytics 

Why do companies and investment funds consider ESG data analytics important? ESG data market can be a five billion-dollar industry by the end of 2025. Moreover, governments also want to use them to revise policies and standardize their sustainability enhancement regulations. 

We have listed the different reasons that highlight the importance of modern ESG data analytics and integration services. 

Reason #1| Demand for Transparency and Real-World Evidence 

The company can claim anything, like attributing itself with artificially inflated ESG scores. An unfairly competing business can create data about a renewable energy project that never took off. Therefore, investors must thoroughly inspect the impact of project deliverables before buying the stocks and supporting the company. 

Similarly, business managers want complete transparency in performance reporting. Governments and non-governmental organizations are curious about new ways of increasing industry participation in the fight against climate change. 

So, real-world evidence focuses on fulfilling the requirements of all the stakeholders demanding data transparency. An ESG data provider will conduct complex surveys and inspect the authenticity of collected data using artificial intelligence (AI) and machine learning (ML). They justify the growing up importance of ESG analytics and sustainability compliance data. 

Reason #2|Socio-Economic Cost of Climate Change 

An irregular shift in seasons affects the agriculture industry. However, many communities still rely on this industry as their primary income source and food. The same is valid for individuals whose livelihood depends on aquatic life and forest resources. 

Climate change also increases the risks of falling ill and malnourishment among children. Remember, many nations exhibit dangerously low levels of per capita annual income. When the agriculture industry suffers, these countries witness a significant rise in poverty and crime rate. 

All these events have statistical correlations suggesting that failing to restrict human interferences that accelerated climate change will detrimentally impact many countries for a long time. Therefore, all stakeholders must implement ESG integration services to curb greenhouse gas (GHG) emissions and the release of industrial pollutants in natural ecosystems. 

Reason #3| Greenwashing Risks 

Greenwashing means the unethical modification of sustainability performance data to present a company as an eco-friendly and socially responsible organization. It involves deliberately assigning unrealistic ESG scores to make a business seem more sustainable than what the on-ground reality would indicate. 

Controversy analysts working with the ESG data provider maintain intelligence on corporations who have practiced greenwashing. Some enterprises also extend their greenwashing efforts to the marketing materials used to target customers. 

Both the investors and the consumers want to avoid interacting with a brand known for greenwashing. After all, when you support an objectively unsustainable corporation due to the manipulated ESG data, you miss the opportunity to help genuine and sustainable companies. So, firms that offer ESG integration services protect your investments against greenwashing risks. 

Reason #4| Ease of Compliance Auditing 

Businesses or investment funds can leverage ESG data analytics to conduct multiple compliance audits. Periodic assessments like compliance improvements often reveal which business aspects require more effort to increase ESG scores. 

Compliance audits use unique inspection criteria that will vary from industry to industry. If a common framework is absent, the auditor has to increase the reliance on intuition and empirical evidence. However, such a method is more susceptible to human errors. It further causes conflicts if the auditor’s evaluations fail to meet the requirements of the latest guidelines. 

Every reputable ESG data provider practices extreme care in data gathering, inside extraction, reporting, and performance benchmarking. So, verifying the compliance data legitimacy becomes precise. Moreover, modern firms will help businesses and investors archive critical intelligence. Retrieving it will also become more manageable if they use a cloud platform to process performance data. 

Reason #5| Promoting Inclusivity at Workplaces 

Discrimination continues to create tensions even in the world’s most developed regions. Unsolicited remarks and degrading treatment have also damaged the professional lives of many hardworking individuals. How can investors help the world eradicate discriminatory practices? 

The social pillar of ESG studies the harassment prevention policies that a company follows. Additionally, ESG integration services investigate how an enterprise implements balanced affirmative action plans to empower women, specially-abled, or historically marginalized individuals. 

Diversity, equity, and inclusion (DEI) goals are essential to improving your ESG scores. Fund managers also want to select corporate stocks that recognize the significance of combating discrimination in office environments and educational systems. Celebrating the differences between communities is essential, and an ESG data provider can help you embrace it. 

Reason #6| Saying No to Corruption and Tax Errors 

The governance pillar of ESG requires accounting transparency and enforceable anti-corruption rules. Therefore, businesses must cooperate with the authorities to ensure accounting precision. Appropriate checks and balances must inform the corporate leadership on how to prevent the misuse of company resources. 

Why is ESG’s governance compliance important for sustainable development? An organization can thrive in its target industry if its business fundamentals remain robust and outcome-oriented. So, accounting inconsistencies, non-compliance with tax laws, and bribing government officials are unacceptable to investors, employees, and consumers. 

ESG integration services ensure that the screened company performs well on the governance compliance metrics. They offer the fund managers the reports after using high-quality data validation technologies. The sustainability compliance data also assist businesses during mergers and acquisitions (M&A) deals. 

Reason #7| Risk Analysis for Business Mergers 

What are the events that affect corporate ESG scores and sustainability benchmarks? An organization’s ESG ratings change due to numerous factors like controversy exposure, business model innovation, and M&A deals. 

When a company acquires another firm, it carries on the risks and liabilities associated with the target firm. Your ESG score can experience a slight increment if you strategize your business mergers by prioritizing eco-friendly technology. 

Likewise, an M&A deal might cause ESG compliance performance to decrease if the acquired firm heavily relies on non-renewable energy resources. 

A professional ESG data provider may provide business leaders with intelligence on a company’s sustainability metrics before they proceed with mergers and acquisitions. It is an industry application that proves the importance of ESG data analytics. 

Reason #8| Meaningful Relationship with Stakeholders 

A brand is not about the logo, color scheme, or animation framerate. Branding means building meaningful and lasting relationships with your employees, customers, investors, and suppliers. Then, what is the role of ESG integration services in investor relations and customer loyalty? 

Customers have benefitted from affordable connectivity and mobile technology, educating themselves on ESG and sustainability frameworks. For example, the fashion industry receives a lot of scrutiny for using plastic polymers. Consumer associations and investors have also voiced concerns about the “use and throw” culture. 

Compliance with ESG standards allows businesses to address customer and investor concerns using data-backed performance analytics. When a company listens to its stakeholders, it increases the public trust in the brand. 

Conclusion 

Modern investment firms have concentrated their portfolio development efforts to reflect the rising importance of ESG analytics and sustainability compliance benchmarks. Therefore, every business wants relevant performance insights to increase its ESG score. 

The reasons for this trend include the greenwashing risks, the demand for transparency, and the impact of M&A on sustainability metrics. Simultaneously, preventing corruption and discrimination has been the priority of all stakeholders. 

SG Analytics, a leading ESG data provider, supports enterprises and investment managers in their sustainable development goals via holistic benchmarking. Contact us for scalable research assistance leveraging 25000+ sources and domain expertise in 16+ languages. 

[tamanna31]

Vertical Farming Market Growing Stupendously

Vertical Farming Industry Overview

The global vertical farming market size was valued at USD 6.92 billion in 2023 and is expected to grow at a CAGR of 20.1% from 2023 to 2030. Market growth is attributed to the growing adoption of environment-friendly production of fruits and vegetables. Unprecedented growth of the global population has increased the demand for urban agriculture.

Gather more insights about the market drivers, restrains and growth of theVertical Farming Market

Vertical farming is the practice of producing food in vertically stacked layers, such as in a used warehouse, skyscraper, or shipping container. Organic foods are perceived as healthier, more nutritious, safer, and more environmentally friendly. A critical factor that influences demand for organic food is the food purchasing behavior of consumers, which is essential for producers, policymakers, and suppliers to implement successful marketing strategies.

Obesity and heart diseases are prevalent health-related issues among consumers. Furthermore, growing depletion of groundwater and changing climatic conditions have urged traditional growers to adopt alternate farming methods. Increasing consumer concerns about health and the abovementioned factors are likely to elevate industry demand.

Unlike traditional farming, indoor farming can produce crops throughout the year, which results in increased productivity. Furthermore, indoor farming can protect crops from extreme weather conditions through the usage of techniques such as controlled environment agriculture technology, where facilities use artificial environmental control, control of light, and fertigation.

Increasing demand for high-quality food, independent agriculture techniques, and growing urbanization are some of the critical factors responsible for market growth. These factors have increased the requirement for food. Demand for food is expected to witness significant growth with a growing population by 2030. The adoption of vertical cultivation techniques allows consumers to grow crops in a warehouse or a multi-story building.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

The global indoor farming market size was valued at USD 37.9 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 13.2% from 2024 to 2030.

The global shipping container market size was valued at USD 6.41 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 12.0% from 2020 to 2028.

Key Companies profiled:

AeroFarms (U.S.)

Illumitex, Inc. (U.S.)

American Hydroponics (U.S.)

Agrilution GmbH

Brightfarms Inc.

Everlight Electronics Co., Ltd.

Freight Farms

GrowUp Urban Farms Ltd.

Green Sense Farms, LLC

Vertical Farm Systems

Key Vertical Farming Company Insights

Some of the key players operating in the market include Agrilution GmbH; Aerofarm; Brightfarms Inc.; Everlight Electronics Co., Ltd; Freight Farms; GrowUp Urban Farms Ltd.; Green Sense Farms, LLC; Vertical Farm Systems.

Vertical Farm Systems is engaged in the development of fully automated growing systems with reusable medium and energy efficient climate cells. The company utilizes artificial intelligence (AI) and automation for optimized growing conditions.

Brightfarms Inc., is an indoor farming company that provides fresh packaged salad. The company sells their product locally that are grown in controlled environment. The company is inclined towards development of efficient vertical farming system with a focus on resource efficiency and sustainable practices.

Bowery Farming and Aerofarm are some of the emerging market participants in the target market.

Bowery Farming is engaged in providing solutions related to vertical farming and digital agriculture. Bowery Farming is a New York based company having farms in New Jersey, Maryland, and Pennsylvania.

Aerofarm, is a U.S.- based indoor vertical farming solution provider. The company uses artificial intelligence and plant biology to fix broken food system and improve the fresh produce growth

Recent Developments

In March 2023, BrightFarms, a pioneer in the indoor farming industry, is growing by establishing four additional regional greenhouse centers that introduce sustainably farmed leafy greens to a broader audience in the Eastern and Central United States. The newly built greenhouse centers are expected to meet the rising demand for organic food and initiate distribution to retailers by 2024. With this expansion, the company is expecting 10x revenue growth by 2024.

In February 2023, AeroFarms and Public Investment Fund (PIF), a wealth funding body of Saudi Arabia, announced a joint venture to establish indoor vertical farms in the Middle East and Saudi Arabia.

Order a free sample PDF of the Vertical Farming Market Intelligence Study, published by Grand View Research.

[researcher1008]

Global Vertical Farming Crop Market Growth, Insights and Forecast by 2032 | Reed Intelligence

The Global Vertical Farming Crop Market Size is projected to grow at CAGR of approximately 15.9% during the forecast period.Vertical farming is a relatively new method of farming that involves growing crops in vertically stacked layers, using artificial lighting and controlled-environment agriculture (CEA) technology. Vertical farming is becoming increasingly popular due to its ability to produce fresh, high-quality crops year-round, with minimal use of pesticides, herbicides, and fertilizers.

[kathansky]

Flow Cytometry is poised to grow from USD 4.25 Billion in 2023 to USD 6.99 Billion by 2031

The flow cytometry market is witnessing a period of remarkable growth and transformation, driven by advancements in technology, increasing research and diagnostic applications, and a rising demand for personalized medicine. As detailed in the latest report by SkyQuest Technology, this sector is poised for significant expansion, with various segments contributing to its dynamism. This article delves into the current trends, future outlook, and market segmentation of flow cytometry, providing a comprehensive overview for stakeholders in the healthcare and life sciences industries.

Flow Cytometry Market Overview

Flow cytometry is a powerful technology used for cell counting, cell sorting, biomarker detection, and protein engineering. Its ability to analyze multiple parameters simultaneously makes it indispensable in clinical diagnostics, immunology, oncology, and drug discovery. According to the SkyQuest report, the global flow cytometry market is expanding due to the increasing prevalence of chronic diseases, growing demand for personalized medicine, and continuous innovations in flow cytometry technology.

Global Flow Cytometry Market size was valued at USD 3.97 Billion in 2022 and is poised to grow from USD 4.25 Billion in 2023 to USD 6.99 Billion by 2031, growing at a CAGR of 7.17% in the forecast period (2024-2031).

The market is characterized by rapid technological advancements, such as the development of high-throughput and multi-parameter flow cytometers, which enhance the efficiency and accuracy of cellular analysis. Additionally, the integration of artificial intelligence and machine learning into flow cytometry systems is revolutionizing data analysis and interpretation.

Market Segmentation

Understanding the flow cytometry market requires a closer look at its segmentation. The market is segmented based on product type, application, end-user, and region. Each segment plays a crucial role in shaping the market dynamics and growth trajectories.

1. By Product Type

   - Instruments: This segment includes flow cytometers, which are further categorized into cell analyzers, cell sorters, and others. Innovations in flow cytometer designs, such as those offering enhanced sensitivity and resolution, are driving this segment's growth.

   - Reagents and Consumables: Reagents, including antibodies and dyes, are essential for conducting flow cytometry experiments. This segment is also growing due to the increasing demand for specific markers and assays.

   - Software: Advanced software solutions for data analysis and interpretation are becoming increasingly important, contributing to the market's expansion.

2. By Application

   - Clinical Applications: This includes diagnostics for diseases such as leukemia, lymphoma, and other hematological disorders. The rising incidence of these conditions and the growing need for accurate diagnostic tools are key drivers.

   - Research Applications: Flow cytometry is widely used in research settings, including cancer research, immunology, and drug discovery. The demand for high-throughput and multi-parameter analysis in research is fueling this segment.

   - Other Applications: This includes environmental and agricultural applications, where flow cytometry is used for microbial analysis and plant research.

3. By End-User

   - Hospitals and Diagnostic Laboratories: The demand for flow cytometry in hospitals and diagnostic labs is increasing due to its critical role in patient diagnosis and treatment monitoring.

   - Research Institutes: Academic and research institutions are significant users of flow cytometry for various research applications, including fundamental and applied sciences.

   - Pharmaceutical and Biotechnology Companies: These companies use flow cytometry for drug development and testing, contributing significantly to the market's growth.

4. By Region

   - North America: The region leads the market due to advanced healthcare infrastructure, high adoption rates of new technologies, and substantial research funding.

   - Europe: Europe is experiencing steady growth, driven by increasing research activities and collaborations in the healthcare sector.

   - Asia-Pacific: This region is emerging as a significant market due to rising healthcare investments, growing research activities, and a large patient population.

   - Latin America and Middle East & Africa: These regions are also expected to see growth, though at a slower pace compared to other regions, due to developing healthcare infrastructure and increasing awareness of advanced diagnostic technologies.

Chance to get a free sample: https://www.skyquestt.com/sample-request/flow-cytometry-market

Flow Cytometry Market Top Players Company Profiles

Becton, Dickinson, and Company (US) 

Danaher Corporation (US) 

Thermo Fisher Scientific, Inc. (US) 

Agilent Technologies, Inc. (US) 

Sony Group Corporation (Japan) 

Bio-Rad Laboratories, Inc. (US) 

Miltenyi Biotec GmbH (Germany) 

Enzo Biochem, Inc. (US) 

Sysmex Corporation (Japan) 

bioMérieux S.A. (France) 

Cytonome/ ST, LLC (US) 

Sartorius AG (Germany) 

Cytek Biosciences, Inc. (US) 

Union Biometrica, Inc. (US) 

Fluxion Biosciences, Inc. (US) 

Apogee Flow Systems Ltd. (UK) 

Merck KGaA (Germany) 

Beckman Coulter, Inc. (US) 

Stratedigm, Inc. (US) 

Nanocellect Biomedical (US)

Future Outlook

The flow cytometry market is set for substantial growth in the coming years, driven by ongoing technological innovations, increasing research activities, and the rising prevalence of chronic diseases. Companies are focusing on developing more advanced and user-friendly flow cytometry systems, and the integration of AI and machine learning will likely further enhance the capabilities and applications of flow cytometry.

Investments in research and development, along with strategic collaborations and partnerships, will play a crucial role in shaping the future of the flow cytometry market. Additionally, addressing challenges related to high costs and the need for skilled professionals will be key to sustaining growth and expanding market reach.

[omshinde5145]

Commercial Greenhouse Market - Know the Latest Profit Sources of the Industry 2030

The global food landscape is undergoing a remarkable transformation, driven by the ever-increasing need for efficient, sustainable, and controlled food production. At the forefront of this revolution is the commercial greenhouse market an industry that not only supports the year-round cultivation of a diverse range of crops but also offers promising solutions to the challenges posed by climate change, urbanization, and the growing global population.

The Rise of Commercial Greenhouses

Commercial greenhouses, sophisticated structures designed to optimize plant growth, manipulate environmental conditions, and enhance yield, are gaining traction worldwide. These facilities are distinguished from traditional farming by their use of glass or plastic roofs and walls, which create a controlled environment conducive to plant growth regardless of external weather conditions.

Market Growth Drivers

Several key factors are fuelling the expansion of the commercial greenhouse market:

Technological Advancements: Innovations in greenhouse technology, including climate control systems, LED lighting, and automated watering systems, allow for precise control of internal conditions, leading to higher yields and lower resource use.

Sustainability Concerns: With increasing awareness of environmental issues, commercial greenhouses are seen as a sustainable alternative to open land agriculture, reducing water usage, minimizing land disturbance, and facilitating pesticide-free cultivation.

Urbanization and Local Production: As urban areas expand, the demand for fresh, locally grown produce rises. Commercial greenhouses can be built in or near urban centers, reducing transportation costs and carbon footprints while providing fresh produce to city dwellers.

Government Initiatives and Support: Numerous governments worldwide are supporting greenhouse farming through subsidies and incentives, recognizing its potential to address food security while conserving natural resources.

Read Get a Sample Report: https://bit.ly/3WnJ8XQ

Technological Innovations Shaping the Market

Innovation is at the heart of the commercial greenhouse industry’s growth. Some of the most impactful technologies include:

Hydroponics and Aquaponics: These soil-less farming techniques are becoming popular in commercial greenhouses, offering efficient water use and nutrient recycling.

Artificial Intelligence (AI) and Machine Learning (ML): These technologies are increasingly used for predictive analytics in pest management, yield optimization, and resource management.

Internet of Things (IoT): IoT devices are pivotal in monitoring conditions like humidity, temperature, and light, enabling remote management of greenhouse operations.

Challenges to Overcome

Despite its many advantages, the commercial greenhouse market faces several challenges:

High Initial Investment: Setting up a commercial greenhouse involves significant upfront costs, particularly when integrating advanced technologies.

Skill Shortage: There is a growing need for skilled personnel who understand both agriculture and the complex technologies used in modern greenhouses.

Market Competition: With the rising popularity of greenhouse cultivation, the market is becoming increasingly competitive, pushing businesses to continuously innovate to maintain profitability.

Get a Customization Report: https://bit.ly/4b3ZFF2

Future Outlook and Opportunities

Looking ahead, the commercial greenhouse market is poised for substantial growth, with experts projecting its expansion at a compound annual growth rate (CAGR) of around 10% over the next decade. This growth presents numerous opportunities:

Expansion into New Regions: As technology becomes more affordable and accessible, there's potential for expansion into developing countries, where agriculture plays a crucial economic role.

Vertical Farming: Integrating vertical farming techniques can significantly increase yield per square meter, making efficient use of urban spaces.

Integration with Renewable Energy: Pairing greenhouses with renewable energy sources, such as solar panels, can further enhance their sustainability profile.

Conclusion

The commercial greenhouse market is at a dynamic intersection of technology, agriculture, and sustainability. With its ability to produce food more efficiently and sustainably, it addresses many of the pressing challenges facing today’s world. For stakeholders looking to invest in the future of agriculture, commercial greenhouses offer a fertile ground for innovation, growth, and a sustainable future. As this market continues to evolve, it will undoubtedly play a crucial role in shaping tomorrow's agricultural practices, making it an exciting area for investors, entrepreneurs, and environmentalists alike.

[123567-9qaaq9]

Multilayer Packaging Market Future Trends to Look at | BIS Research 

Multilayer Packaging refers to a type of packaging that consists of multiple layers of different materials, each chosen for its specific functional properties, such as barrier protection, strength, flexibility, and durability. These layers often include plastics, paper, aluminum, and adhesives, which are laminated or co-extruded to create a single, cohesive structure. 

The Multilayer Packaging Market  was valued at $88.26 billion in 2022, and it is expected to grow at a CAGR of 8.03% and reach $199.71 billion by 2032

At BIS Research, we focus exclusively on technologies related to precision medicine, medical devices, life sciences, artificial intelligence (AI), machine learning (ML), Internet of Things (IoT), big data, blockchain technology, Multilayer Packaging   Material , advanced materials and chemicals, agriculture and FoodTech, mobility, robotics, and aerospace and defense, among others.

Multilayer Packaging  Overview  

Multilayer Packaging is a rapidly emerging field at the intersection of materials science, data science, and artificial intelligence. Its primary objective is to accelerate the discovery, design, and optimization of materials by leveraging advanced computational tools and data-driven approaches.

The core concept of Multilayer Packaging  is to treat materials and their characteristics as data. By analyzing vast amounts of material-related data—such as chemical compositions, structural properties, and performance metrics—researchers can identify patterns, correlations, and trends that would be difficult or impossible to detect through traditional experimentation alone.

Grab a look at the report page click here ! 

Key Techniques 

Machine Learning 

Data Mining 

Open Quantum Material Database 

Typically, the materials used in multilayer packaging include combinations of plastics, paper, aluminum, and adhesives. Each layer serves a specific purpose: plastic layers may offer flexibility and scalability, aluminum layers provide barrier protection against oxygen, light, and moisture, and paper layers add rigidity and printability

Market Segmentation 

By End User Industry 

By Product Type 

By Region 

Market Drivers 

Growing demand for packaged food 

Increased use in pharmaceutical industry 

Rising focus on product shelf life 

Consumer awareness of sustainability 

Have a look at the free sample click here ! 

Key Companies 

Constantia Flexibles

Berry Global Inc.

Amcor plc

Mondi

Sonoco Products Company

Sealed Air

Visit our Next Generation Fuel/ Energy Storage Solutions 

Conclusion

Multilayer packaging plays a vital role in modern industries by offering enhanced protection, extended shelf life, and improved product quality. Its ability to combine the best properties of various materials makes it indispensable, especially in sectors like food, pharmaceuticals, and e-commerce. 

[tritonmarketresearch]

Epilepsy Devices Market: Tech Trends 2022-2028

According to the WHO, epilepsy is a chronic brain disorder that affects 50 million individuals, making it one of the most prevalent neurological conditions worldwide. It is estimated that with access to early detection and appropriate care, 70% of the population diagnosed with epilepsy may live seizure-free. According to our estimates, the global epilepsy devices market was valued at $669.73 million in 2021 and is expected to reach $1157.58 million by 2028, growing at a CAGR of 8.16% during the forecast period 2022-2028.

Government institutions worldwide are focused on starting initiatives to create innovative epilepsy devices with AI and machine learning integration. Additionally, organizations that support research need to encourage high-quality comparative efficacy trials and sufficient data to guide therapeutic practice in epilepsy. As a result of these technologically advanced equipment and increasing drug trials, the market for epilepsy devices is anticipated to grow throughout the forecast period.

Epilepsy Devices - Key Detection Methodologies

Currently, several wearable technologies can detect seizures, collect data, and alert caregivers. Although with technological advancements, the ability to detect seizure-related alterations increases. Top trends backing this tech boom include:

Wearable devices are estimated to be the fastest-growing device type during the forecast period. Monitoring epileptic patients is crucial, as 20% of epileptics only have seizures while asleep, 40% only have seizures while awake, and 35% have seizures both when they are awake and asleep. With technologically advanced non-invasive wearable sensors, measuring accelerometry, photoplethysmography (PPG), electrodermal activity (EDA), electromyography (EMG), and other signals outside of the conventional clinical environment have become effective.

Vagus Nerve Stimulation (VNS) has emerged as the fastest-growing application category. VNS Therapy has been approved by the U.S. Food and Drug Administration (FDA) as an add-on therapy for age 4 years and above to treat drug-resistant epilepsy or refractory epilepsy. VNS has been reportedly beneficial in many patients, including the ones with posttraumatic epilepsy (PTE). PTE is a common consequence of traumatic brain injury and accounts for about 20% of symptomatic epilepsy cases.

As per estimates, Electroencephalography lead the detection and prediction devices type segment in 2021 and is expected to maintain its stronghold during the forecast period. There is growing interest in wearable or mobile EEG solutions that allow long‐term EEG monitoring in an easy‐to‐use format. Despite the availability of these new EEG solutions, their adoption is still limited in clinical practice, mainly because of the unfamiliarity of healthcare and biomedical research sectors with the technology and its application.

Strategic Initiatives and Government Approvals

Different end-users, such as homecare settings, hospitals, and clinics, are utilizing epilepsy devices. The manufacturers of epilepsy monitoring devices are likely to gain prominent business opportunities from the hospital & clinics segment owing to the rise in the use of EEG monitoring and emergency medical services.

The government authorities of several developing nations, including India and China, are focusing on developing sturdy healthcare infrastructure. As a result, operating players are expected to gain sizable growth prospects in the region during the forecast period. Owing to this, the Asia Pacific epilepsy devices market is anticipated to witness the fastest growth with a CAGR of 8.38% throughout the forecast period.

In addition, companies are also focusing on launching novel devices for children. Moreover, companies are also using organic and inorganic strategies, including mergers and acquisitions, to stay ahead of the competition. Some of these include:

In September 2022, Boston Scientific Corporation’s current-generation WATCHMAN FLX™ Left Atrial Appendage Closure (LAAC) Device received U.S. Food and Drug Administration (FDA) approval to expand the instructions for use labeling. The company also received FDA 510(k) clearance for the EMBOLD Fibered Detachable Coil, which reduces the blood flow rate in the peripheral vasculature.

In July 2022, Medtronic PLC received FDA 510(k) clearance for its UNiD Spine Analyzer v4.0 planning platform to leverage machine learning.

In November 2021, NeuroPace, Inc. received an Investigational Device Exemption (IDE) from the FDA to study the company’s RNS System to treat primary generalized epilepsy in patients aged 12 and above.

Way Forward

With technological advancements, epilepsy detection devices with exceptionally low false alarm rates have recently been developed. They are based on computationally intensive algorithms and employed in implanted systems for pre-surgical monitoring. Recent research has produced encouraging findings for probabilistic seizure risk projections using long-term wearable technology and electronic seizure diaries. The symptoms, mood, and cognitive function of an individual may also have predictive significance. Therefore, technological advances in non-invasive wearable sensors are anticipated to create growth opportunities for the epilepsy devices market.

[marketresearchintent]

UAV Market Innovation: Exploring the Next Generation of Autonomous Flight

Introduction to the UAV Market

Unmanned Aerial Vehicles (UAVs), commonly known as drones, have transformed various industries. From military applications to commercial uses, UAVs are reshaping the way we think about transportation, surveillance, and data collection. The UAV market is booming and shows no signs of slowing down. By 2030, it’s expected to reach USD 103.6 billion, growing at a compound annual growth rate (CAGR) of 19.5% from 2023's valuation of USD 29.7 billion.

What is a UAV?

A UAV, or drone, is an aircraft that operates without a human pilot onboard. Instead, it's either controlled remotely or flies autonomously based on pre-programmed flight plans. UAVs come in various sizes, capabilities, and types, allowing them to serve a wide range of applications.

Market Overview for UAVs

The UAV market has exploded over the last decade. Initially driven by military demand, it's now diversified into commercial, civilian, and even recreational uses. Industries like agriculture, real estate, and logistics have begun utilizing drones for tasks like aerial photography, delivery, and land surveying.

Download Sample Report @ https://intentmarketresearch.com/request-sample/uav-market-3529.html 

Market Projections from 2023 to 2030

The UAV market is experiencing unprecedented growth. Let’s break down what’s behind this massive expansion.

Current Valuation of the UAV Market in 2023

As of 2023, the UAV market is valued at USD 29.7 billion. This valuation reflects strong demand across various sectors, including military defense systems, agriculture, and the rising popularity of drone-based delivery systems.

Expected Growth Rate and Key Metrics by 2030

Looking ahead to 2030, the UAV market is expected to reach USD 103.6 billion. This growth is driven by a combination of technological advancements, the increased adoption of drones in commercial sectors, and an uptick in defense spending worldwide. With a CAGR of 19.5%, the UAV industry is set to become one of the fastest-growing sectors globally.

Key Factors Driving UAV Market Growth

Several critical factors are fueling the rapid expansion of the UAV market. Let’s explore the key drivers.

Technological Advancements in UAVs

Innovations in drone technology are propelling the UAV market forward.

Artificial Intelligence and Machine Learning Integration

Modern drones are now equipped with AI and machine learning capabilities, enabling them to process real-time data, navigate autonomously, and perform complex tasks without human intervention.

Improvements in Battery Life and Efficiency

Battery technology has advanced significantly, allowing drones to fly for extended periods. Longer battery life means more efficient and cost-effective operations, which is particularly beneficial for industries like agriculture and logistics.

Increase in Defense and Military Applications

UAVs have revolutionized military operations. They are now integral to surveillance, reconnaissance, and even combat missions. Defense departments across the world are investing heavily in drone technology, further boosting the market.

Rising Demand for Commercial and Civilian UAVs

Beyond military use, the demand for drones in the commercial and civilian sectors is skyrocketing. From aerial photography to package delivery, businesses are discovering innovative ways to use drones to improve efficiency and cut costs.

Segmentation of the UAV Market

The UAV market is diverse, with different types of drones serving various industries. Let’s break it down.

By Type

There are two primary types of UAVs: fixed-wing and rotary-wing.

Fixed-Wing UAVs: Fixed-wing drones are best for long-distance flights and are often used in military operations and for mapping large areas.

Rotary-Wing UAVs: Rotary-wing drones, like quadcopters, are more maneuverable and are widely used in commercial applications like photography and inspections.

By Application

The UAV market can also be segmented by application, including military, commercial, and civilian uses.

Military UAVs: Military UAVs are equipped for surveillance, reconnaissance, and combat missions. They offer real-time data collection and are essential for modern warfare.

Commercial UAVs: Commercial drones are used in industries like agriculture, logistics, and construction for tasks like aerial surveying, monitoring crops, and delivering goods.

Civilian UAVs: Civilian drones are typically used for recreational purposes, but they also serve practical applications like personal photography or small business operations.

By Region

The UAV market’s growth also varies by region.

North America: North America leads the UAV market due to heavy investment in military drone technology and a robust commercial sector.

Europe: Europe is rapidly adopting drone technology, particularly in the agricultural and logistics sectors.

Asia-Pacific: Asia-Pacific is experiencing fast growth, especially in countries like China and India, where drones are used for various commercial and government applications.

Access Full Report @ https://intentmarketresearch.com/latest-reports/uav-market-3529.html 

Major Challenges Facing the UAV Market

While the UAV market is growing rapidly, it also faces significant challenges.

Regulatory and Legal Constraints

Governments around the world are still grappling with how to regulate UAVs. These regulations can vary significantly from one country to another, posing challenges for global drone manufacturers and operators.

Cybersecurity Concerns

As UAVs become more sophisticated, they are also vulnerable to hacking and cyberattacks. Securing drone systems is essential, especially for military and commercial applications.

Environmental Impact of UAVs

Although UAVs offer efficiency, concerns about their environmental impact, such as noise pollution and energy consumption, are growing.

Opportunities in the UAV Market

Despite the challenges, there are numerous opportunities in the UAV market.

Emerging Technologies in Autonomous Flight

Autonomous flight systems are improving rapidly, creating new possibilities for UAV applications in areas like logistics and delivery.

Potential for Urban Air Mobility

Urban air mobility, including flying taxis, is a growing segment within the UAV market that could transform urban transportation.

Drone Delivery Services as a Growth Segment

Drone delivery is becoming a reality, with companies like Amazon and UPS investing in drone fleets to improve logistics and supply chain operations.

Conclusion:

The UAV market is on a steep upward trajectory, with massive growth expected by 2030. Technological advancements, increased adoption across various sectors, and global demand for UAVs will continue to fuel this expansion. Challenges like regulation and cybersecurity must be addressed, but the opportunities for innovation are vast. The future of the UAV market is bright, and its impact will be felt across industries worldwide.

Contact Us

sales@intentmarketresearch.com

US: +1 463-583-2713