India’s recycling and waste management industry will grow at a CAGR of almost 12% from 2022 to 2027, with a more than $2.26 billion market.
The global semiconductor industry is estimated to grow at a CAGR of 21% from 2022 to 2027 and is expected to be more than US$1.6 trillion by 2027.
The metaverse market is expected to grow to US$ 525 billion by 2027 from US$ 65 billion in 2022, at a CAGR of 52% during 2022-27.
The Drone Technology Market is expected to grow to over US$50 Billion at a CAGR of more than 20% from 2022 to 2027.
The global smart mobility industry is set to increase from $43.6B to $102.5B by 2026, with a CAGR of 18.5% between 2021 and 2026, according to Velox Consultants.
The Global Surgical Robots market was valued at around US$ 6.5 Billion in 2021 and is expected to grow to US$ 16.6 Billion at a CAGR of more than 20% during the forecast period.
The manufacturing world is constantly changing, with continuous technological advancements (such as IIoT, 3D printing, cloud computing, AR/VR, etc.) coming their way.
The Metaverse is slowly transforming the retail and consumer industry's business models by combining physical and digital stores and campaigns.
The global sports economy is looking for different avenues and now turning towards metaverse to cover its loss due to COVID. The NFT Metaverses are gaining popularity in many sectors globally.
The future is brimming with innovative ideas waiting to be realized across various industries such as BFSI, Retail and CPG, Health Tech, Cleantech, and Automotive. These sectors are set to define the latest trends for the new year.
Velox Consultants predicts that the EV battery recycling industry will witness substantial expansion. The sector is expected to grow from $0.81 billion in 2021 to more than $10 billion by 2030, representing a compound annual growth rate of around 29% over the next ten years.
It is a fact that infrastructure and activities such as power plants, homes, and transport contribute to roughly 70% of worldwide greenhouse gas emissions.