Animal Vaccines Market to Generate $15.20 Billion, By 2030 at 5.2% CAGR: Allied Market Research


Allied Market Research published a report, titled, Animal Vaccines Market by Type (Attenuated Vaccines, Inactivated Vaccines, Subunit Vaccines, Toxoid Vaccines, Conjugate Vaccines, Recombinant Vaccines, and DNA Vaccines) and Animal Type (Companion Animal, Livestock Animal, and Aquaculture): Global Opportunity Analysis and Industry Forecast, 2021–2030.” According to the report, the global animal vaccines industry garnered $9.09 billion in 2020, and is estimated to generate $15.20 billion by 2030, witnessing a CAGR of 5.2% from 2021 to 2030.

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Drivers, Restraints, and Opportunities

Increase in demand for pet insurance, surge in prevalence of animal diseases, rise in expenditure for animal health, and increase in ownership of companion animals propel the global animal vaccines market growth. However, highly competitive meat and milk prices and fatal effects of veterinary vaccines on human and animal health restrain the market growth. Contrarily, advancements in vaccine products and increase in demand for hybrid animal present new opportunities in coming years.

Covid-19 Scenario

  • The Covid-19 pandemic impacted the animal vaccine market negatively. The veterinary organizations recommended restraints on animal patient care and postponed the surgery of animals with mild illnesses. However, surgeries and vaccination procedures of acutely ill animals were carried out.
  • The lockdown measures led to postponement of annual checkups and elective vaccination processes. However, the supply of animal vaccines led to disruptions due to challenges in supply chain.

The attenuated vaccines segment to continue its lead position during the forecast period

Based on product, the attenuated vaccines segment accounted for the largest market share in 2020, contributing to nearly two-fifths of the global animal vaccines market, and is estimated to maintain its lead position by 2030. This is due to presence of advanced technologies for specific mutations/deletions in the virus genes. However, the DNA vaccines segment is expected to register the fastest CAGR of 8.1% during the forecast period, owing to surge in prevalence of animal diseases and ease in manipulation in comparison to traditional vaccines.

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The livestock segment to continue its leadership status in terms of revenue by 2030

Based on animal type, the livestock animal segment held nearly than two-thirds of the global animal vaccines market in 2020, and is expected to maintain its leadership status based in terms of revenue by 2030. This is attributed to increase in the prevalence of infectious diseases among livestock animals and rise in awareness about immunization. However, the companion animal segment is projected to portray the largest CAGR of 5.5% during the forecast period, owing to rise in awareness regarding medical illnesses & ailments of companion animals and surge in animal healthcare expenditure worldwide.

North America to maintain its highest contribution throughout the forecast period

Based on region, North America contributed to the highest market share in 2020, accounting for nearly two-fifths of the total market share of the global animal vaccines market, and is estimated maintain its dominance throughout the forecast period. This is attributed to already-established veterinary organizational structures and concerns regarding animal health among people. However, Asia-Pacific is projected to witness the highest CAGR of 5.9% during the forecast period, owing to rise in need of livestock protection from mass wipeouts with the outbreak of epidemics.

Leading Market Players

  • Merck & Co., Inc.
  • Zoetis Inc.
  • Ceva Santé Animale
  • Sanofi S.A.
  • Romvac
  • Vaxxinova
  • Biovac
  • Merial
  • Boehringer Ingelheim GmbH
  • Anicon Labor GmbH

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Arabesque has today announced a new partnership with Snowflake, the Data Cloud company, enabling financial institutions and investors to integrate Arabesque’s suite of data assets and insights into their technology stacks securely and in real-time.

The partnership will allow Arabesque to deliver its market-leading solutions at scale through Snowflake’s Data Cloud, which offers a centralised and streamlined data delivery experience with no additional integration or extract transform load required.

Clients will be able to use the Snowflake platform to access Arabesque’s wide range of sustainability metrics and raw data on corporate greenhouse gas (GHG) emissions and green revenues, together with its proprietary regulatory solutions including the SFDR Data Solution and TCFD Alignment Barometer.

The announcement follows the recent launch of ESG Book, Arabesque’s new central source for accessible and digital corporate sustainability information that is supported by a global alliance of leading organisations based on a mission to create ESG data as a public good.

Speaking about today’s announcement, Daniel Klier, President of Arabesque, said:

“Demand for accessible, comparable and real-time sustainability data is growing exponentially, driven by global trends that are changing capital markets. Through this new partnership with Snowflake, we are able to offer live data assets to our clients with near-instant updates, delivering best-in-class data and insights at both speed and scale. With the use of cutting-edge cloud technology together with our new ESG Book platform, we are committed to re-shaping the future of ESG data.

Kieran Kennedy, Head of Data Marketplace at Snowflake, said:

“As sustainability continues to shape capital markets, client needs are growing for customisable, scalable and real-time ESG data sets that can be efficiently integrated into investment strategies and regulatory processes. With an approach based on big data and machine learning, Arabesque’s solutions go hand-in-hand with the philosophy of Snowflake, and through this partnership we can deliver a powerful customer offering.”


Automotive Cybersecurity Market worth $5.3 billion by 2026 – Exclusive Report by MarketsandMarkets™


According to the new market research report Automotive Cybersecurity Market by Form (In-Vehicle, External Cloud Services), Offering (Hardware & Software), Security, Application Type, Vehicle Type, Propulsion, Vehicle Autonomy, Approach, EV Application, and Region – Global Forecast to 2026″, published by MarketsandMarkets™the global Automotive Cybersecurity Market size is projected to grow from USD 2.0 billion in 2021 to USD 5.3 billion by 2026, at a CAGR of 21.3%.

Increasing sales of connected vehicles and semi-autonomous vehicles led to increasing use of electronic component for a vehicle. This increased the complexity of vehicle E/E architecture and software coding thus a vehicle is now becoming more vulnerable against a cyber-attack. Thereby, to safeguard the vehicles from such kind of attack the demand for automotive cybersecurity solutions increased at a rapid pace globally. Moreover, the recent launch of UNECE WP.29 regulation and “Auto Data” regulation are further expected to accelerate the markets growth momentum in the coming years globally.

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Passenger vehicle segment is expected to dominate the global Automotive Cybersecurity Market

The passenger vehicles segment is expected to lead the Automotive Cybersecurity Market during the forecast period, owing to the demand for connected vehicle services and growing sales of mid-luxury and luxury vehicles. The electrical/electronic (E/E) architecture of passenger vehicles is more complex and critical than that of LCVs and HCVs. Passenger vehicles are equipped with a considerable number of ECUs and are more prone to cyberattacks compared with the other two categories of vehicles. The key factor driving the passenger vehicles segment is the increasing adoption of V2X technologies due to the growing concerns over traffic, safety, and pollution levels. There are several passenger cars equipped with V2X available in the market, such as Audi A4 and Cadillac CTS. Moreover, the increasing adoption of ADAS features in passenger cars is also another major factor creating the need for cybersecurity solutions globally.

Endpoint security is expected to be the fastest-growing security type in global Automotive Cybersecurity Market.

The endpoint security segment is expected to witness the fastest growth in Europe and Asia Pacific during the forecast period. This growth can be attributed to the increased use of mirror link apps in these regions. Increasing safety and security concerns in these regions are also likely to propel the demand for endpoint security solutions. Presently, new vehicles contain approximately 100 million lines of code and are deployed with complex software by automobile manufacturers. To maintain the safety as well as security of a vehicle’s entire code base, OEMs are opting for endpoint security solutions. Moreover, the trend of a mobile workforce, BYOD, social media, and cloud synchronizing tools is expected to influence the expenditure on endpoint security solutions.

Software segment is expected to dominate the global Automotive Cybersecurity Market.

In terms of market share in the global automotive cybersecurity industry, the hardware to software ratio per vehicle is around 20:80. This is expected to change over the years with variations in hardware prices. Cybersecurity software inside the vehicle requires the implementation of a few security functionalities such as secure protocols, identity and access management, intrusion detection, and abstraction layers for crypto functions. These functionalities are then used by the functional ECUs to secure communications and avoid the creation of backdoors. Therefore, the software segment is expected to hold the largest share in Automotive Cybersecurity Market during the forecast period globally.

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Asia Pacific is expected to be the largest market during the forecast period

Asia Pacific is estimated to account for the largest market share in 2021, followed by Europe and North America. The rising awareness of active and passive safety features among people and increasing sales of mid-sized and luxury vehicles are the key factors driving the Automotive Cybersecurity Market in Asia Pacific. Several OEMs have shifted their automobile manufacturing plants to emerging countries because of low labor costs, ease of doing business, and the availability of raw materials. Several well-known semiconductor companies have their manufacturing hubs in the Asia Pacific region as well. This helps them maintain an effective supply chain of their products for the automakers.

Moreover, the growing sales of V2X equipped vehicles and significant growth in ride-sharing industries are likely to increase the demand for automotive cybersecurity solutions in the Asia Pacific region. OEMs in Japan and South Korea, such as Hyundai, Kia, Nissan, Honda, and Toyota, are focused on the development of self-driving cars. This is further expected to spur the demand for related cybersecurity solutions. Similarly, in the Indian market, OEMs such as MG Motor, Kia, and Mahindra have already started offering car models with level 1/2 features, which would further support the demand for cybersecurity solutions in the coming years. Apart from this, Asia Pacific is home to some of the top players in the Automotive Cybersecurity Market, such as Autotalks and AutoCrypt. Growing electric vehicle adoption and an increasing number of vehicles with connected car features would boost the need for automotive cybersecurity in the region. All these factors put together are expected to drive the Asia Pacific Automotive Cybersecurity Market during the forecast period.

The Automotive Cybersecurity Market is dominated by global players such as Robert Bosch GmbH (Germany), Continental AG (Germany), Harman International (US), DENSO Corporation (Japan), Aptiv PLC (Ireland), Karamba Security (Israel), SafeRide Technologies (Israel), Arilou Technologies (Israel), GuardKnox Cyber Technologies Ltd. (Israel), Upstream Security Ltd. (Israel), and Green Hills Software. These companies have adopted strategies of new product development, expansions, collaborations, partnerships, and acquisitions to gain traction in the market. Collaborations were the most adopted strategy, among others.

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Automotive ECU Market by Application, ECU Capacity (16-bit, 32-bit, 64 bit), Propulsion (BEVs, HEVs, ICE), Level of Autonomous Driving, Vehicle Type (LDV, HCV, Construction & Mining Equipment, Agricultural Tractors), and Region – Global Forecast to 2025


Combined Heat and Power (CHP) Systems Market to Surpass US$ 26 Bn by 2031: Fact.MR Study


Fact.MR – A Market Research and Competitive Intelligence Provider:  The global combined heat and power systems (CHP) market will likely expand 1.5x until 2031, despite initial skepticism about how the business would function during a worldwide pandemic. Total combined heat and power system sales are expected to exceed US$ 26 billion.

According to Fact.MR, demand for CHP is high in the industrial sector, which has the most growth potential. Energy efficiency advocates have set a target of raising CHP capacity to 20% by 2031.

Based on application, the industrial sector has the most installed CHP capacity, accounting for 1/3 of revenue share and having the most expansion potential.

Demand for CHP systems has increased in recent years as the need for energy-efficient equipment in end-use sectors has grown. In comparison to a traditional power plant, which runs at around 45% efficiency, a CHP facility typically performs at 80 percent efficiency, resulting in lower operating costs.

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Manufacturers are incorporating AI and IoT into CHP plants to reduce energy waste in the power sector, which is expected to increase demand in the future years. According to the International Finance Corporation (IFC), AI has the potential to reduce energy waste, lower costs, and make renewable energy sources more accessible in power grids around the world.

CHP systems, according to the EPA, have the technological and cost-effectiveness potential to be a viable alternative for power supplies in residential, commercial, municipal, institutional, and manufacturing buildings.

Furthermore, rich economies are pioneering the use of artificial intelligence in the power sector. DeepMind, a Google subsidiary, for example, has been using machine learning algorithms to anticipate power output 36 hours ahead of time. As a result, the global demand for CHP systems is expected to provide profitable prospects for producers.

The global demand for power is rising, having doubled in the last two decades. In the next 25 years, it is expected to grow at twice the rate of overall energy demand.

The expanding need for energy, the availability of efficient power generation technologies, the rising demand for natural gas-fired power plants, the influence of the shale gas revolution, and the reduction in carbon dioxide emissions are all factors contributing to this advancement.

Key Takeaways:

  • By 2031, the global market for combined heat and power systems is expected to grow 1.5 times its current size.
  • By product, 30-60 MW CHP systems accounted for 59% of global demand in 2020.
  • Through 2031, gas turbine CHP systems are expected to grow at a CAGR of about 3.8 percent.
  • By fuel type, natural gas-based CHP systems are expected to create an absolute opportunity worth US$ 5 billion by 2031.
  • By application, the industrial segment is expected to be the most valuable, surpassing US$ 13 billion by 2031.
  • By 2031, the US market for CHP systems is expected to be worth US$ 520 million.
  • As of 2020, sales in China totaled $5 billion, owing to the significant incidence of coal-fired plants.

Growth Drivers:

  • Extensive developments in the energy sector have spurred the combined heat and power systems demand globally.
  • Market growth is expected to be boosted by a shift in preference toward replacing traditional energy systems due to lower operating costs and reliable utility supply.

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Competitive Landscape

Leading players are embracing cutting-edge marketing strategies, technology breakthroughs, mergers and acquisitions, and other novel ways.

  • In March 2021, The European Marine Energy Centre (EMEC) and Highlands and Islands Airports Limited (HIAL) teamed up to use green hydrogen technology to decarbonize heat and power at Kirkwall Airport.
  • 2G Energy was chosen as the first company in the UK to deliver a CHP plant that generates 100% hydrogen heat and power.

Key Players in the Combined Heat and Power (CHP) Systems Market are

  • Siemens AG
  • 2G Energy Inc.
  • Capstone Turbine Corporation
  • Aegis Energy Services, Inc.
  • Cummins Inc.
  • Wartsila
  • General Electric Company
  • Aegis Energy, Services Inc.
  • Generac Holdings Inc.
  • Primary Energy Recycling Corporation
  • Integral Power
  • Tecogen Inc.
  • Caterpillar

More Valuable Insights on Combined Heat and Power (CHP) Systems Market

Fact.MR provides an unbiased analysis of the combined heat and power (CHP) systems market, presenting forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global combined heat and power (CHP) systems market with a detailed segmentation on the basis of:

  • Product
    • CHP Systems Up to 30 MW
    • CHP Systems 30 MW to 60 MW
    • CHP Systems Above 60 MW
  • Fuel
    • Natural Gas powered CHP Systems
    • Coal powered CHP Systems
    • Biomass powered CHP Systems
    • Other Renewable Resources powered CHP Systems
  • Prime Mower
    • Gas Turbines powered CHP Systems
    • Steam Turbines powered CHP Systems
    • Gas Engines powered CHP Systems
    • Fuel Cells powered CHP Systems
  • Application
    • Industrial CHP Systems
    • Residential CHP Systems
    • Commercial CHP Systems

Key Questions Covered in Combined Heat and Power (CHP) Systems Market Report

  • The report offers insight into the combined heat and power (CHP) systems market demand outlook for 2022-2032.
  • The market study also highlights projected sales growth for combined heat and power (CHP) systems market between 2022 and 2032.
  • Combined heat and power (CHP) systems market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry.
  • Combined heat and power (CHP) systems market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others.

Explore Fact.MR’s Coverage on the Industrial Goods Domain –

Oil and Gas Pumps Market Analysis  – The market for oil and gas pumps is expected to increase slowly. As the need for oil and gas rises, so does the demand for equipment like oil and gas pumps. Centrifugal pumps are widely used by oil and gas end customers due to their cheap product and maintenance costs, as well as their superior load and pressure handling capabilities.

Reciprocating Pumps Market Forecast – The market for reciprocating pumps is expected to rise significantly. The global need for oil and gas, particularly in the petrochemical industry, is influencing the expansion of the reciprocating pumps market.

Industrial Air Preheater Market Insights – One of the most basic sectors where a big number of enterprises across many industrial verticals are adjusting their business strategy is heating and cooling technologies. Over the projected period, the market for industrial air preheaters used in coal-fired and chemical industries is expected to rise at a faster rate.

Regenerative Heat Exchanger Market Scope – Vendors in the regenerative heat exchanger industry are concentrating on developing and producing systems with high reliability, rigidity, and improved performance. Vendors are also working to make systems more cost-effective.


Rockets and Missiles Market worth $73.8 billion by 2026 – Exclusive Report by MarketsandMarkets™


According to the new research report, the “Rockets and Missiles Market by Speed (Subsonic, Supersonic, Hypersonic), Product, Propulsion Type (Solid, Liquid, Hybrid Propulsion, Ramjet, Turbojet and Scramjet), Guidance Mechanism (Guided and Unguided), Launch Platform & Region – Forecast to 2026”, published by MarketsandMarkets™, the Rockets and Missiles Market size is projected to grow from USD 58.3 billion in 2021 to USD 73.8 billion by 2026, at a CAGR of 4.8% from 2021 to 2026. The demand for these weapons has witnessed significant growth recently due to rising threats of insurgencies that have highlighted the need for precision attacks and stand-off surgical strikes. Thus, it is imperative to avoid collateral damage and provide combatants with advanced weapons have led to the growth of Rockets and Missiles market.

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The Rockets and Missiles market includes major players Northrop Grumman Corporation (US), Lockheed Martin Corporation (US), BAE Systems (UK), and Thales Group (France). These players have spread their business across various countries includes North AmericaEuropeAsia Pacific, and Rest of the World. COVID-19 has impacted their businesses as well. Industry experts believe that COVID-19 has affected missile defense system production and services globally in 2020.

Defense programs to defend nations against various threats

The performance of US weapon systems is unmatched, ensuring that the US defense forces have a tactical combat advantage over any adversary in any weather condition. The Fiscal Year (FY) 2020 acquisition (Procurement and Research, Development, Test, and Evaluation (RDT&E)) funding requested by the US Department of Defense (DoD) totals USD 247.3 billion, which includes funding in the Base budget and the Overseas Contingency Operations (OCO) fund, totaling USD 143.1 billion for Procurement and USD 104.3 billion for RDT&E. The funding in the budget request represents a balanced portfolio approach to implement the military force objective established by the National Defense Strategy. Of the USD 247.3 billion in the request, USD 83.9 billion finances Major Defense Acquisition Programs (MDAPs), which are acquisition programs that exceed a cost threshold established by the Under Secretary of Defense for Acquisition and Sustainment.

According to the Missile Defense Agency, there has been an increase of over 1,200 additional ballistic missiles over the last 5 years. The total of ballistic missiles outside the US, the North Atlantic Treaty Organization, Russia, and China has risen to over 5,900. Hundreds of launchers and missiles are currently within the range of US deployed forces.

Hence, the increasing need for defense programs by nations to defend against various threats is driving the ROCKETS AND MISSILES market.

The missile segment is projected to grow at the highest CAGR rate for the ROCKETS AND MISSILES market during the forecast period.

A missile plays an important role in ROCKETS AND MISSILES majorly for land, air, and marine platforms. The missile segment has been further sub-segmented further segmented into cruise missiles and ballistic missiles. The missile segment is projected to reach USD 57.1 billion by 2026. In the Asia Pacific region, this segment is projected to register the highest CAGR during the forecast period.

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51 – Figures
245 – Pages

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The hypersonic segment is projected to register the highest CAGR of 6.6% during the forecast period

Based on speed, the ROCKETS AND MISSILES market has been segmented into subsonic, supersonic, and hypersonic. Hypersonic rockets and missiles are equipped with a propulsion system to enable them to attain a speed of Mach 5 or higher, which is five times faster than the speed of sound. Hypersonic precision-guided weapons are difficult to counter due to their high speed. Currently, these weapons are in a development phase and are expected to be operational in the near future.

The solid propulsion segment is projected to grow at the highest CAGR rate for the ROCKETS AND MISSILES market during the forecast period.

Based on propulsion type, the ROCKETS AND MISSILES market has been segmented into Solid, Liquid, Hybrid Propulsion, Ramjet, Turbojet, and Scramjet. Solid propulsion uses solid propellants to boost missiles and rockets. Solid propellants consist of a homogenous mixture of various composites, which are easier to store and handle. These systems cost less and offer a large amount of thrust to the missiles. High-performance propellants and modified grains enhance the capability of solid propulsion.

By launch mode, the surface-to-surface segment is estimated to account for the largest share (31) of the ROCKETS AND MISSILES market in 2021

Based on launch mode, the ROCKETS AND MISSILES market has been segmented into surface to surface, surface to air, air to air, air to surface, and subsea to surface. Surface to surface rockets and missiles are fired from the ground or the sea. They can be launched from hand-held or vehicle-mounted devices or fixed installations. These missiles used in land warfare operations are designed to hit ground or sea targets. Hence, they are also known as ground to ground rockets and missiles.

The North American market is projected to contribute the largest share from 2021 to 2026

North America is projected to be the largest regional share of ROCKETS AND MISSILES market during the forecast period. Major companies such as Northrop Grumman Corporation, Lockheed Martin, Raytheon Technologies, and General Dynamics Corporation are based in the US. These players continuously invest in the R&D of new and advanced technology used in rocket and missile market.

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Missile Defense System Market by Technology (Fire Control System, Weapon System, Countermeasure System, and Command and Control System), Range (Short, Medium, and Long), Threat type, Domain (Ground, Air, Marine, and Space), and Region – Forecast to 2026

Electromagnetic Weapons Market by Product (Lethal Weapons, Non-lethal Weapons), Application (Homeland Security, Military), Platform (Land, Naval, Airborne), Technology (Particle Beam Weapons, Laser-induced Plasma Channel), and Region – Forecast to 2026


SecureThings Lauded by Frost & Sullivan for Addressing Connected-vehicle Cybersecurity Challenges through Continuous Vehicle Monitoring


Based on its recent analysis of the Indian automotive cybersecurity solutions market, Frost & Sullivan recognizes with the 2020 Technology Innovation Leadership Award. The company employs a holistic approach to addressing issues in connected vehicle cybersecurity by offering continuous vehicle monitoring to detect unknown behaviors and threats. SecureThings differentiates itself through its comprehensive, multi-layer, and in-depth defense cybersecurity solutions for electric vehicle makers, fleet owners, original equipment manufacturers (OEMs), Tier I suppliers, telematics device suppliers, and mobility service providers.

SecureThings offers end-to-end solutions with the following five-pronged approach for vehicle security: detection, response, recovery, identification, and protection. The preferred provider of in-vehicle cyber protection for OEMs, Tier1 Suppliers and Subsystem Manufacturers using patented machine learning based solutions. The company’s threat intelligence and cloud protection platform offers complete control, comprehensive monitoring and effective resolution methodologies to the OEMs, shared services operators, and fleet managers. SecureThings Cloud platform provides active defense where searches for external vulnerabilities and new attack chains are integrated with the automotive security operations center correlation engine. In addition, the platform provides insights and accurate information about fleets’ potentially vulnerable vehicles, thus creating actionable plans to mitigate risks. For OEMs critical and dangerous Cybersecurity vulnerabilities are detected and resolved using secure over-the-air updates.

“SecureThings offers detailed and customized protection solutions for real-time in-vehicle, network, and in-vehicle network use cases,” said Kaushik Madhavan, Vice President – Mobility at Frost & Sullivan. “Real-time in-vehicle protection provides three security layers to protect a vehicle from various attacks. The first layer secures physical and remote interfaces from any unwanted code entering into the automobile’s systems. The second layer delivers protection from memory-based attacks, such as memory corruption and buffer overflow attacks. The final layer protects the entire vehicle network by leveraging machine learning software, ensuring security by identifying threats through real-time intelligence.”

SecureThings has entrenched itself in the market by providing OEMs, Tier 1 suppliers, and mobility service providers with exclusive services, such as cybersecurity assessment, penetration testing, and ethical hacking services. The company’s research and advisory team searches and monitors risk-prone cars and devices to ensure zero vulnerability. SecureThings’ research lab employs a talented pool of industry experts in enterprise cybersecurity, in-vehicle security, machine learning, and Big Data analytics to recommend best practices in rolling out robotic cybersecurity measures to alleviate risks.

“SecureThings’ protection solution design incorporates deterministic and machine learning approaches that help customers achieve significant improvements in their cyber defense ratings,” noted Madhavan. “Leveraging its industry-leading technologies; advanced research labs; and a cost-effective, customized solution, SecureThings aims to incorporate innovative products and services in its portfolio in the coming years.”

Each year, Frost & Sullivan presents this award to the company that has developed a product with innovative features and functionality that is gaining rapid acceptance in the market. The award recognizes the quality of the solution and the customer value enhancements it enables.

Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.


Black Sesame Technologies and BlackBerry QNX Team Up to Create Safe, Reliable Autonomous Driving Solution for Chinese Automakers


Leading autonomous driving computing chip maker Black Sesame Technologies (Black Sesame) has selected BlackBerry® QNX® technology to power its latest chipset developed for autonomous driving. The combination of the BlackBerry (NYSE: BB; TSX: BB) and Black Sesame technologies is slated to be ready for mass production by a leading Chinese automaker in 2022.

Black Sesame Technologies has expertise in deploying Artificial Intelligence (AI) for autonomous driving functions that include image processing, perception algorithms, and advanced System On Chip (SoC) integration for the automotive market. Combining BlackBerry QNX’s certified software platform with Black Sesame’s intelligent, high-performance, automotive-grade A1000 chipset provides a powerful solution for the Chinese autonomous drive market.

“We are honored to announce our cooperation with BlackBerry, a company that has won the confidence of many leading automakers around the world for its foundational mission critical SW platform technology,” said Rock Yang, Chief Marketing Officer & Co-Founder, Black Sesame Technologies. “As the first domestic China-based AI chip manufacturer to receive the SGS (a leading inspection, verification, testing and certification company) functional safety compliance certification, Black Sesame will combine our technical expertise with the performance and safety of the QNX Operating System to create an industry-leading compute and AI platform for autonomous driving.”

“BlackBerry has deep expertise and a strong track record in providing leading edge software platform solutions that deliver safety, reliability and security that make us a trusted partner for the automotive industry,” said Dhiraj Handa, VP, Asia Pacific region at BlackBerry. “We are pleased to collaborate with Black Sesame  as they start to deploy their AI enabled A1000 chipset for autonomous driving  into mass production vehicles.”

For more information on how BlackBerry QNX can help with building the safe and secure vehicles of tomorrow, please visit:


Global Allogeneic Cell Therapy Manufacturing Market to Record An Exponential CAGR of 17% By 2030


InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the ” Global Allogeneic Cell Therapy Manufacturing Market Trends, Industry Competition Analysis, Revenue, and Forecast to 2030.”

According to the latest market research study, the global allogeneic cell therapy manufacturing market is valued at US$ 869.6 million, and it is expected to reach US$ 3424.1 million by 2030 with a CAGR of 17% during a forecast period.

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Allogeneic cell therapy products are producing stimulating pre-clinical and clinical results. Allogeneic cell therapies are created using healthy cells from unrelated donors, and these therapies rely on a single source of cells to treat large group patients. It is a procedure in which patient receives healthy cells (stem cells) from a donor to replace their own damaged or destroyed cells.

Multiple factors such as the rising burden of chronic diseases such as cancer, diabetes, and cardiovascular diseases, increasing government funding for stem cell therapies, growing elderly population, developing healthcare infrastructure, advancements in technologies, rising public, and awareness about the benefits of allogeneic cell therapies are anticipated to fuel the demand for allogeneic cell therapy manufacturing market during the forecast period. Many pharma companies are launching allogeneic cell therapies to treat patients with chronic diseases. For instance, in March 2021, Adicet Bio, Inc., a biotechnology company developing allogeneic gamma delta T cell therapies for cancer and other diseases, began its First-in-Human Phase I clinical trial evaluating ADI-001 for the treatment of B cell non-Hodgkin’s lymphoma (NHL). ADI-001 is an investigational first-in-class allogeneic gamma delta T cell therapy that expresses a chimeric antigen receptor (CAR) targeting CD20, produced to potentially increase selective tumor targeting and aid adaptive and innate anti-tumor immune response, and improve persistence for strong activity in patients. Owing to the increasing demand for cost-effective and efficient cell & gene therapies, outsourcing contract research organizations (CROs) have expanded the bioassay services, thereby boosting market growth opportunities in the near future.

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However, the high developmental investments and the immune rejection issues may inhibit the growth of the global allogeneic cell therapy manufacturing market in the upcoming years.

North America is projected to dominate this market over the forecast period (2019-2030), followed by Europe and Asia-Pacific, due to the growing R&D investments in cell therapy research, high prevalence of chronic diseases, and quick adoption of advanced technologies.

Major market players operating in the allogeneic cell therapy manufacturing market include Lonza Group, KBI Biopharma, Inc., Waisman Biomanufacturing, Cell, and Gene Therapy Catapult, Thermo Fisher Scientific, Inc., Merck KGaA, Catalent Inc., Oxford Biomedica Plc, Fujifilm Cellular Dynamics, Inc.,  Wuxi Apptec, Charles River Laboratories International, Inc., The Discovery Labs LLC, ABL, Inc., BioCentriq, Commercializing Living Therapies, and Other Prominent Player among others.

Some significant developments in the market:

  • In January 2022, Mesoblast Limited (Australi), a global leader in allogeneic cellular medicines for inflammatory diseases, presented 36-month follow-up results from thecPhase 3 trial of its allogeneic cell therapy rexlemestrocel-L (MPC-06-ID) in patients with CLBP (chronic low back pain) associated with DDD (degenerative disc disease). This trial showed a durable reduction in back pain lasting at least three years from a single intra-discal injection of rexlemestrocel-L+hyaluronic acid (HA) carrier.
  • In November 2021, BONE THERAPEUTICS (Belgium), the cell therapy company, and Link Health Pharma Co., Ltd signed a non-binding term sheet for the global rights for ALLOB, allogeneic bone cell therapy of Bone Therapeutics’.
  • In September 2021, Adaptimmune Therapeutics (UK) partnered with Roche Group (Genentech), to develop and commercialize allogeneic cell therapy for the treatment of multiple cancer indications.

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Market Segments

Global Allogeneic Cell Therapy Manufacturing Market, by Product, 2019-2030 (Value US$ Mn)

  • Induced pluripotent stem cells (iPSC)
  • T-cells and Natural killer (NK) cells
  • Human pluripotent stem cells (hPSCs)
  • Mesenchymal stem cells (MSC)
  • β-cells
  • Neurons
  • Immortalized and engineered cell lines
  • Tissue engineered product

Global Allogeneic Cell Therapy Manufacturing Market, by  By Scale of Operation, 2019-2030 (Value US$ Mn)

  • Preclinical Scale Operations
  • Clinical Scale Operations
  • Commercial Scale Operations

Global Allogeneic Cell Therapy Manufacturing Market, by Region, 2019-2030 (Value US$ Mn)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

North America Allogeneic Cell Therapy Manufacturing Market, by Country, 2019-2030 (Value US$ Mn)

  • U.S.
  • Canada

Europe Allogeneic Cell Therapy Manufacturing Market, by Country, 2019-2030 (Value US$ Mn)

  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe

Asia Pacific Allogeneic Cell Therapy Manufacturing Market, by Country, 2019-2030 (Value US$ Mn)

  • India
  • China
  • Japan
  • South Korea
  • Australia & New Zealand

Latin America Allogeneic Cell Therapy Manufacturing Market, by Country, 2019-2030 (Value US$ Mn)

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa Allogeneic Cell Therapy Manufacturing Market, by Country, 2019-2030 (Value US$ Mn)

  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

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Why should buy this market research report:

  • To receive a detailed analysis of the prospects for the global allogeneic cell therapy manufacturing market
  • To receive an industry overview and future trends and pipeline of the allogeneic cell therapy manufacturing market
  • To analyze the allogeneic cell therapy manufacturing market drivers and challenges
  • To get information on the allogeneic cell therapy manufacturing market size value (US$ Mn) forecast to 2030
  • Significant investments, mergers & acquisitions in the allogeneic cell therapy manufacturing market industry

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Global Immuno-Oncology Cell Therapy Market

Global Allogeneic Cell Therapies Market

Global CAR T-Cell Therapy For Multiple Myeloma Market

Global CD Targeted Cell Therapy Market


Organoids Market Size Worth $3,420.40 Million, Globally, by 2027 at 22.1% CAGR – Exclusive Report by The Insight Partners


According to the new market research report “Organoids Market Forecast to 2027 – COVID-19 Impact and Global Analysis By Type (Stomach, Intestine, Liver, Pancreas, Lung, Brain, Kidney, Others); Application (Developmental Biology, Disease Pathology of Infectious Disease, Regenerative Medicine, Drug Toxicity and Efficacy Testing, Drug Discovery and Personalized Medicine, Others); Source (Pluripotent Stem Cells, Organ-specific Adult Stem Cells), and Geography”, published by The Insight Partners, the global organoids market was valued at US$ 689.47 million in 2019 and it is projected to reach US$ 3,420.40 million by 2027; it is expected to grow at a CAGR of 22.1% from 2020 to 2027.

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Report Coverage


Market Size Value in

US$ 689.47 Million in 2019

Market Size Value by

US$ 3,420.40 Million by 2027

Growth rate

CAGR of 22.1% from 2020-2027

Forecast Period


Base Year


No. of Pages


No. Tables


No. of Charts & Figures


Historical data available


Segments covered

Type; Application; Source, and Geography

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Organoids Market: Competition Landscape and Key Developments

STEMCELL Technologies, Inc; Cellesce Ltd.; Hubrecht Organoid Technology; Definigen; 3Dnamics, Inc., Organoid Therapeutics; PeproTech, Inc.; Thermo Fisher Scientific; Corning Incorporated (Life Sciences); and Merck KGgA. are among the key companies operating in the global organoids market. Leading players are focusing on the expansion and diversification of their market presence and acquisition of new customer base, thereby tapping prevailing business opportunities.

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In November 2020, Cellesce Ltd. entered into a partnership with Manchester BIOGEL to develop fully synthetic animal-free three-dimensional (3D) scaffolds that mimic the physiological environment in the human body and enable manufacture, scale-up, and enhanced reproducibility of patient-derived organoids.

In October 2019, Corning Incorporated launched two new products—Elplasia and Matrigel—to its organoid culture portfolio to provide new solutions to support spheroid and organoid culture models. Elplasia, a 3D cell culture microplate, features a microcavity technology that enables high-volume spheroid formation, culture, and analysis. The Matrigel matrix for organoid culture is optimized to support organoid growth and differentiation.

In Sep-2018, STEMCELL Technologies Signed a partnership agreement with Brigham and Women’s Hospital to commercialize a human pluripotent stem cell-derived kidney organoid culture system.

In 2019, North America dominated the global organoids market. The market growth in the region is credited to rise in implementation of organoid-based research models in the biotechnology sector in the US and Canada. These novel technologies have helped the researchers to overcome limitations faced by 2D cell culture platforms as 3D spheroids offer a microenvironment that can mimic the properties of human tissue structures. The market growth in Canada and Mexico is attributed to the presence of international market players, increase in adoption of advanced technologies, and existence of supportive government regulations.

However, Asia Pacific is anticipated to account for the fastest growth in the organoids market. Increasing prevalence of chronic diseases and growing number of companies focusing on the countries in Asia Pacific for their geographical expansion and other strategies are likely to fuel the market growth.

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Based on type, the organoids market is segmented into stomach, intestine, liver, pancreas, lung, brain, kidney, and others. The intestine segment accounted for more than 23% of the market share in 2019. In terms of application, the organoids market is segmented into developmental biology disease, pathology of infectious disease, regenerative medicine, drug toxicity and efficacy testing, drug discovery and personalized medicine, and others. The developmental biology disease segment held the largest share of the market in 2019, owing to its consideration as a primary investigative research tool of the human developmental biology. In terms of source, the pluripotent stem cells segment accounted for a larger share in the organoids market in 2019.

Animal models are mainly used in biomedical research for human-specific diseases. However, several cases demonstrate that animal models cannot constantly predict human drug response, like drug toxicology studies. This is because there are broad variations in the metabolism of drugs and toxins in humans compared to animals, making it nearly impossible to study drug metabolism in experimental models such as laboratory rodent species. Additionally, in current years, numerous regulations have been achieved that restrict animal use in research projects. Similarly, several bodies, such as Cruelty-Free International and the Fund for the Replacement of Animals in Medical Experiments, oppose animal-based models for research purposes.

Therefore, to generate alternative testing models that can provide an environment with full equivalence to the human body, various institutes are developing alternative drug development and biomedical research methods. As organoids can serve as substitutes to animal models, the current focus on reducing animal use in research is anticipated to boost the growth of the human organoids market.

Organoids Market: Segmental Overview

In terms of type, the kidney segment is anticipated to register the highest CAGR in the organoids market during the forecast period. Kidney organoids, derived from human pluripotent stem cells, have the potential to assist the drug development process. An international team of researchers—led by Nanyang Technological University Singapore (NTU Singapore)—has grown “miniature kidneys” in laboratory, which could be used to better understand the mechanism of development of renal diseases in individual patients. The mini kidneys, i.e., kidney organoids, were grown in vitro from skin cells derived from a single patient who had polycystic kidney disease, one of the most common inherited causes of kidney failure in adults. In terms of application, the developmental biology disease segment accounted for more than 29% share in global organoids market in 2019. In terms of source, the market for the organ-specific adult stem segment is anticipated to grow at a steady pace during the forecast period.

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The COVID-19 pandemic outbreak in late 2019 has disturbed various trades and businesses across the world. The approach of the novel COVID-19 pandemic is expected to open new opportunities for the current organoid market landscape players. Human organoids allow testing treatments against COVID-19 in an agile way, dramatically reducing the time human drug trials take. Hurtado is part of an international research team that has identified a drug capable of blocking the effects of the SARS-CoV-2 virus. Further, ORGANOVIR (Organoids for Virus Research) contributes to COVID-19 research in various ways, and several of its researchers are currently working on developing new antivirals to combat the disease. Researchers at KU Leuven (Belgium) study how coronaviruses evolve and search out possible targets for further remedies. However, the pandemic has brought several growth opportunities to the pharmaceutical and biopharmaceutical companies to strengthen their research and development for innovating vaccines against COVID-19.

Browse Adjoining Reports:

Human Liver Models Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type (Liver Organoids, Liver-on-a-Chip, 2D Models, 3D Bioprinting, and Others), Application (Drug Discovery, Educational, and Other), and End User (Pharmaceutical and Biotechnology Companies, Research Institutes, and Others)

Human Biobanking Equipment Market Forecast to 2028 – Covid-19 Impact and Global Analysis – By Type (Storage Equipment, Sample Analysis Equipment, Sample Processing Equipment, Sample Transport Equipment); Application (Regenerative Medicine, Life Science Research, Clinical Research) and Geography

Circulating Tumor Cell (CTC) Diagnostics Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Technology (CTC Detection and Enrichment Method, CTC Direct Detection Methods, and CTC Analysis), Application (Clinical/Liquid Biopsy and Research), and End User (Hospital and Clinics, Research and Academic Institutes, and Diagnostic Centers)


Smartwatch Market to Reach $96.31 Billion, Globally, By 2027 at 19.6% CAGR: Allied Market Research


Allied Market Research published a report, titled, Smartwatch Market By Product (Extension, Standalone, and Classical), Application (Personal Assistance, Wellness, Healthcare, Sports, and Others), and Operating System (WatchOS, Android, RTOS, Tizen, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027″. According to the report, the global smartwatch market was pegged at $20.64 billion in 2019, and is expected to reach $96.31 billion by 2027, registering a CAGR of 19.6% from 2020 to 2027.

Major Determinants of the Market Growth

Increase in demand for sports devices & wireless fitness, rise in consumers’ health awareness, and emergence of a significant number of market participants in the market drive the growth of the global smartwatch market. However, high initial cost of smartwatches hinders the market growth to some extent. On the contrary, rise in investment in building a connected ecosystem expected to open lucrative opportunities for the market players in the coming years.

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COVID-19 Scenario:

  • Several sophisticated and cutting-edge wearable devices in the market assist in tracking and monitoring the disease’s spread. These gadgets emerged as an important tool in monitoring and combating the global spread of COVID-19 and associated symptoms.
  • New researches, innovations, distributions, and dispositions during the pandemic will boost the smartwatch market.
  • However, due to the impact of the outbreak on the supply chain, overall growth will drop slightly.

The Standalone Smartwatch Segment to Retain the Lion’s Share

Based on product, the standalone smartwatch segment held the largest share in 2019, contributing to more than half of the global smartwatch market owing to appealing characteristics like autonomous feasibility and improved battery backup. In addition, the standalone segment is expected to witness the highest CAGR of 22.1% from 2020 to 2027. Extension and classical smartwatches are some other segments included in the report.

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The Personal Assistance Segment Held the Major Share in 2019

By application, the personal assistance segment held the major share in 2019, garnering nearly one-third of the global smartwatch market. This is because the personal assistance systems enable facilities such as caller notification, time monitoring, and email alerts along with some basic features of a smartwatch.

However, the healthcare segment is expected to witness the fastest CAGR of 22.3% during the forecast period. This is due to increase in health awareness among consumers for continuous monitoring of various health parameters such as blood pressure, sleep, heart rate, and nervous system. In addition, growing use in monitoring female health assists the growth of the segment. The report also examines segments such as sports, wellness, and others.

Asia-Pacific Region to Manifest the Highest CAGR Through 2027

By region, the Asia-Pacific region is expected to grow at the fastest CAGR of 23.0% from 2020 to 2027. This is attributed to rising disposable income, a huge millennial population, and improvements in internet connectivity in emerging nations such as China. However, North America dominated the market in 2019, accounting for more than one-third of the global smartwatch market, owing to the early adoption of new technology and increased health awareness among the public. The research also includes other regions like Europe and Latin America, as well as the Middle East and Africa (LAMEA).

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Key Player in the Industry

  • Huawei Technologies
  • TomTom International and Amazon
  • Apple Inc.
  • Fossil Group
  • Garmin
  • Sony Corporation
  • Fitbit Inc.
  • Motorola
  • LG Electronics
  • Samsung Electronics

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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.