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LiDAR Market Size Worth $4.71 Billion By 2030 | CAGR: 9.8%

LiDAR Industry Overview The global  LiDAR market  size is expected to reach USD 4.71 billion by 2030, registering a CAGR of 9.8% during the forecast period, according to a new report published by Grand View Research, Inc. The market growth is attributable to the rising adoption of LiDAR technology in environmental mapping, automobile safety application arenas, and construction and architectural sectors for monitoring 3D-modeling applications, among others. As this technology is one of the key sensing technologies for enabling hybrid and fully autonomous driving, the rapid development of self-driving vehicles is expected to propel market growth. LiDAR Market Segmentation Grand View Research has segmented the global LiDAR market based on product type, application, component, and region: Based on the Product Type Insights, the market is segmented into Airborne, Terrestrial, Mobile & UAV. The airborne segment dominated the market and accounted for a revenue share of...

Animal Feed Additives Market Size Worth $53.7 Billion By 2030

Animal Feed Additives Industry Overview The global  animal feed additives market  size is expected to reach USD 53.7 billion by 2030, as per a new report by Grand View Research, Inc. Furthermore, the industry is projected to advance at a CAGR of 3.5% from 2022 to 2030. The growth is majorly driven by the increased consumption of meat and the rise in the livestock population worldwide. Animal Feed Additives Market Segmentation Grand View Research has segmented the global animal feed additives market on the basis of product, livestock, and region: Based on the Product Insights, the market is segmented into Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers, Others. The  amino acids   segment dominated the animal feed additives market with a revenue share of over 34% in 2021. Its high share is attributable to the increasing demand for meat and the growing population of livestock globally. It supports the growth of livestock and th...

Optical Coating Market Size Worth $37.5 Billion By 2030

Optical Coating Industry Overview The global  optical coating market  size is expected to reach USD 37.5 billion by 2030, registering a CAGR of 9.2% over the forecast period, according to a new report by Grand View Research, Inc. The market is estimated to be driven by the growing smart consumer electronics industry across the globe. The rising focus on electricity generation through clean sources is also expected to drive product demand. Consumer electronic devices include smartphones, tablets, phablets, smartwatches, and smart televisions. Rapid urbanization resulting in changes in consumer lifestyles is expected to create lucrative opportunities for smart consumer electronic devices. This is projected to lead to an increase in the utilization of optical coatings as they have a superior optical display and impact resistance properties. Optical Coating Market Segmentation Grand View Research has segmented the global optical coatings market on the basis of product, applicat...

Ultra-high Molecular Weight Polyethylene Market Worth $5.59 Billion By 2030

Ultra High Molecular Weight Polyethylene Industry Overview The global  ultra-high molecular weight polyethylene market  is anticipated to reach USD 5.59 billion by 2030, growing at a CAGR of 12.6% from 2022 to 2030, according to a new report by Grand View Research, Inc. Increasing demand from medical & prosthetics application is expected to significantly drive the market growth during the forecast period. Ultra-high Molecular Weight Polyethylene  ( UHMWPE) has been witnessing increasing acceptance as prosthetics in the medical industry for the past few years.  This rising acceptance can be attributed to its favorable physical and chemical properties such as higher flexibility as compared to metals and superior strength. Technological advancements have resulted in prosthetics having a longer operational life and being more comfortable for the users. Over the recent years, market participants have taken active steps to process UHMWPE and improve its properties. T...

Medical Plastics Market Size Worth $88.40 Billion By 2030

Medical Plastics Industry Overview The global  medical plastics market  is anticipated to reach USD 88.40 billion by 2030, registering a CAGR of 7.5% from 2022 to 2030, according to a new report by Grand View Research, Inc. The market is primarily driven by the increasing demand for existing and new medical technologies, the aging population, and the growth in medical device applications. Plastics are increasingly becoming a vital part of medical devices as they offer better biocompatibility and optical clarity, and are economical to use. Medical Plastics Market Segmentation Grand View Research has segmented the medical plastics market based on product, application, and region: Based on the Product Insights, the market is segmented into Polyethylene (PE), Polypropylene (PP), Polycarbonate (PC), Liquid Crystal Polymer (LCP), Polyphenylsulfone (PPSU), Polyethersulfone (PES), Polyethylenimine (PEI), Polymethyl Methacrylate (PMMA), Others. Polyphenylsulfone   (PPSU...

Blow Molded Plastics Market Worth $98.7 Billion By 2028 | CAGR: 3.3%

Blow Molded Plastics Industry Overview The global  blow molded plastics market  size is anticipated to reach USD 98.7 billion by 2028, according to a new report by Grand View Research, Inc., growing at a CAGR of 3.3% over the forecast period. The global industry is expected to witness significant growth over the forecast period owing to increasing product demand from various application industries. In the past few years, there has been a significant growth in technologies and equipment for manufacturing these plastics, which has enabled manufacturers to cater to specific requirements of several application industries, such as automotive, building & construction, packaging, and others. Blow Molded Plastics Market Segmentation Grand View Research has segmented the global blow molded plastics market on the basis of product, technology, application, and region: Based on the Technology Insights, the market is segmented into Extrusion, Injection, Stretch, Compound. Th...