The smart industrial lighting fixtures market is growing at a 14.5% CAGR as factories, warehouses, utilities, and process plants upgrade from legacy luminaires to connected LED platforms that cut energy cost, improve safety, and enable data-driven operations. Demand is supported by retrofit programs with short payback, stricter workplace illumination and safety norms, and integration with building and manufacturing execution systems. Value migrates from hardware-only sales toward connected controls, sensors, and analytics bundled in service contracts. Within current budgets, large-site retrofits and greenfield logistics hubs drive volume, while advanced analytics and edge AI pull higher average selling prices in later phases.
The hollow fiber membrane market is expanding at an 8.5% CAGR driven by stricter water-quality norms, reuse mandates, and the need to reduce operating cost in municipal and industrial treatment. Hollow fiber modules offer high packing density, low footprint, and scalable maintenance via backwash/air scouring, which favors retrofits of aging sand and cartridge systems. Demand is supported by ultrapure water in electronics, pharma-grade water, food and beverage clarification, and decentralized systems for buildings and small communities.
The hybrid hydrogen electric powertrain market is growing at a 14.3% CAGR as OEMs and fleets combine fuel cells with traction batteries to extend range, enable quick refueling, and reduce total emissions in duty cycles where pure batteries face weight or charging constraints. Early deployments are concentrated in buses, trucks, and rail pilots, with pilots expanding to passenger programs in the late forecast. Within vehicle types, commercial vehicles generate the highest revenue today due to active bus and truck procurement, while passenger vehicles are expected to record the highest CAGR as cost curves improve and refueling networks expand.
The supercritical fluid extraction (SFE) chemicals market is growing at a 10.5% CAGR as processors adopt cleaner, selective extraction for heat-sensitive actives, flavors, fragrances, lipids, and high-value compounds. Supercritical CO₂ (scCO₂) remains the core working fluid due to tunable solvency, low toxicity, and simple post-processing, while co-solvents and modifiers expand the polarity window for complex matrices.
The drug repurposing market grows at a 4.5% CAGR as sponsors use known safety profiles, real-world evidence, and computational screening to shorten timelines and reduce R&D risk across oncology, neurology/CNS, infectious, cardiovascular, and metabolic indications. Regulatory pathways (505(b)(2)/hybrid) and lifecycle strategies for off-patent assets support label expansions and fixed-dose combinations.
The soft robotics for medical applications market is growing at a 19.5% CAGR as hospitals, outpatient rehab centers, and home-care settings adopt compliant, patient-safe systems for therapy, assistance, and routine handling tasks. Pneumatic, cable-driven, and elastomeric architectures reduce risk of tissue injury and allow low-force, high-conformity interaction versus rigid robots.
The health-monitoring car seat market is growing at a 21.6% CAGR as automakers add in-seat sensing to improve safety, comfort, and driver state monitoring. OEMs are integrating sensors for heart rate, respiration, posture, pressure distribution, temperature, and biometrics to support real-time risk alerts, adaptive restraint control, and personalized comfort. Growth is supported by connected E/E architectures, AI algorithms for driver state, and regulations that encourage distraction and drowsiness mitigation.
The shape memory polymers market is growing at a 11.5% CAGR as manufacturers replace complex mechanical parts with programmable, lightweight polymers in medical devices, wearables, aerospace components, automotive interiors, smart textiles, and consumer electronics. SMPs enable large recoverable strain, low density, and easy processing using standard polymer equipment.
The phase change materials market is growing at a 11.2% CAGR as builders, cold-chain operators, and OEMs use latent heat storage to smooth temperature swings, reduce peak loads, and cut energy costs. Demand comes from building envelopes and retrofits, vaccine and food logistics, electronics and battery thermal control, and industrial heat recovery. Improved micro/macro-encapsulation, additives for higher thermal conductivity, and safer formulations are moving PCMs from pilots to scale.
The FeRAM market grows at a 6% CAGR as OEMs require fast, low-power, high-endurance non-volatile memory for industrial automation, automotive ECUs, smart meters, medical electronics, and aerospace systems. FeRAM competes on write-in-place performance, very low energy per bit, long retention across temperature ranges, and robust radiation tolerance where EEPROM and Flash face endurance or latency limits.
