The AI-based surgical robots market is set to reach US$ 56,738.0 Mn by 2033 from US$ 8,819.5 Mn in 2020 projecting rampant growth at a compounded annual growth rate (CAGR) of 20.7% during the forecast period from 2025 to 2033. As per the statistics provided by World Health Organization 70% of the global deaths are associated with non communicable disease. Technological advancement in the surgical robots equipment enhanced with artificial intelligence is being currently utilized by surgeons worldwide to curb the mortality rate associated with chronic disease. Rising public health awareness and enhanced patient safety and compliance bolster the market growth for AI-based surgical robots market.
The digital asset management market worldwide is expected to grow with a CAGR of 16.0% during the forecast period from 2025 to 2033, starting from US$ 4.43 Bn in 2021. The increased adoption of broadband internet is leading to an increased demand for specialized solutions in each industry. Digital asset management offers various solutions such as asset analytics, metadata archiving, video management and web content management along with a high return on investment.
The private cloud services market worldwide is expected to grow with a CAGR of 18.9% during the forecast period from 2021 to 2029, starting from US$ 50.60 Bn in 2020. Overall cloud services sector worldwide is witnessing tremendous growth since the past few years with growth rate of more than 20% every year. Of these, private cloud spending has been growing with growth rate of over 25% (year-on-year) since the past five years.
The electric Vertical Takeoff and Landing (eVTOL) aircraft market expected to reach at the market value of US$ 394.63 Mn in 2029. With development of autonomous aircraft technology, applications of electronic aircrafts expected to grow at rapid rate. Several market players have recognized an opportunity for passenger-carrying applications with small self-piloted aircraft. Such advancement have altered and continue to change the low-altitude Urban Air Mobility (UAM) environment. UAM presents an opportunity to provide seamless, safe and rapid transportation to mitigate existing and future challenges faced by urban areas.
The global automotive electronics market was valued at US$ 311.3 Bn in 2020 and expected to witness a notable growth, expanding at CAGR of 6.98% during the forecast period from 2021 to 2029. Automotive electronics are specially-designed electronic systems employed in vehicles that includes ignition system, engine management system, entertainment systems in vehicle, carputers and telematics among others.
Multi touch screen display provides a collaborative workspace for user to perform multi touch operations. Multi touch technology used in such displays are responsible for detecting and responding to more than one or two point of contact on its surface at the same time. It has an interactive user interface such as windows, icon, menus and pointers which allow users to control the digital environment inside the gadget directly or indirectly using their bare fingers or palm.
The global surgical navigation systems market is developing at a healthier CAGR, was valued at US$ 819.8 Mn in 2020 and expected to reach US$ 1306.5 Mn by 2029. Increasing ageing population along with minimally invasive surgical procedures, growing prevalence of chronic diseases and stroke, and rapid new technology assessment drives the overall surgical navigation systems market growth. Advanced technology evolution in optical systems, electromagnetic and hybrid navigation systems would also drive the global market on a large scale.
The radiation dose management market is set to reach US$ 1,349.5 Mn by 2027 from US$ 179.0 Mn in 2018 projecting rapid growth at a compounded annual growth rate (CAGR) of 25.8% during the forecast period from 2019 to 2027. The major drivers associated with radiation dose management market are rising prevalence of chronic ailment and stringent regulatory norm related to safety of radiation exposure in patients. Significant rise in diagnostic screening centers and rising public health awareness further propel the radiation dose management market.
Dravet syndrome treatment accounted for a market value of US$ 288.2 Mn in 2021 and projected to grow at a CAGR of 11.7% during the forecast period from 2025 to 2033. The current treatment options available for Dravet syndrome target specifically the symptomatic relief associated with epileptic seizures. However, recent drug approvals for Dravet syndrome treatment has increased the overall market size and attracted attention of major pharmaceutical companies.
The refrigerated display cabinets (RDC) market is expected to grow at a CAGR of 10% during the forecast period of 2025 to 2033.RDCs are a type of food service equipment that is used for the purpose of displaying and keeping various types of edible goods. They are put to use to maintain the appropriate temperatures for the food items. They are typically utilised at grocery shops, gas stations, and more intimate food and beverage establishments such as "corner stores" and delicatessens. Produce, meat, fish, poultry, dairy products, deli items (with dedicated employees), and frozen goods are shown in supermarkets using refrigerated display cabinets.