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01-07-2025
- Business
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Biosimilars Market Size to Hit $76.2 Billion by 2030 - Driving Value-Based Care for Drugmakers, Regulators & Emerging Markets
CHICAGO and PUNE, India, July 1, 2025 /PRNewswire/ -- What's Fuelling the US$76.2 Billion Biosimilars Market? The Global Biosimilars Market size is projected to be valued at USD 27.20 billion in 2023 and reach USD 76.20 billion by 2030, growing at a CAGR of 15.9% according to a new report by The Research Insights. This growth is driven by several key factors, including a rising number of regulatory approvals and product launches, the patent expiries of major biologics, and the increasing prevalence of chronic diseases that require effective and affordable treatment options. The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, the Biosimilars Market growth of 15.9% comprises a vast array of product, application and geography which are expected to register strength during the coming years. For More Information and To Stay Updated on The Latest Developments in The Global Biosimilars Market Size, Download FREE Sample Pages: Why Are Biosimilars Emerging as the Backbone of Affordable Biologic Therapies? According to an exhaustive report by The Research Insights, the Biosimilars Market is experiencing significant growth. The rapidly evolving global pharmaceutical industry is characterized by several unique and trending factors contributing to shaping the current landscape and competitive dynamics of the biosimilars market. The key factors include the increasing demand for affordable biologic therapies driven by the rising healthcare expenditures and the burgeoning prevalence of chronic diseases such as cancer, autoimmune disorders, and diabetes across the globe. The impending or already occurred patent expiries of several blockbuster biologics drugs have created a conducive environment for biosimilar manufacturers, opening the market to more competition and new entrants at an accelerated rate. Additionally, the establishment of supportive regulatory frameworks and streamlined approval pathways in key markets such as the United States, European Union, and emerging economies, is enabling the fast-paced development and acceptance of biosimilars. Furthermore, growing awareness, education, and positive experience among physicians and patients is also contributing to a greater acceptance and adoption of biosimilars by effectively reducing the resistance to switching from reference products. The enhanced technological advancements in biologic drug manufacturing and analytical characterization are also driving down the cost of production while maintaining the high quality of biosimilar products. Collaborative efforts and strategic partnerships among key players such as biopharma companies, Contract Development and Manufacturing Organizations (CDMOs), and supportive government initiatives to increase the access to affordable biologics are also playing a vital role in facilitating the growth of the biosimilars market. Some of the other trends observed in the biosimilars space, which are set to influence the competitive dynamics, include the incorporation of digital health platforms, personalized medicine, and the application of artificial intelligence in biosimilar development. What Role Do Patent Expirations and Budget Constraints Play in the Biosimilars Boom? The loss of patents and exclusivity rights of several key biologic drugs is a major driver of the biosimilars market. Many of the high-cost, blockbuster biologic drugs such as Humira (adalimumab), Remicade (infliximab), Herceptin (trastuzumab), Enbrel (etanercept), etc., have already lost their patents or are about to, which has paved the way for the entry of biosimilar versions in the market. As biologics are some of the highest spending drugs across the globe, and since many of these medications are used for the treatment of chronic and complex diseases, such as cancer, rheumatoid arthritis, inflammatory bowel disease, diabetes, etc., healthcare systems are actively looking for more cost-effective alternatives to the originator products. In addition, biosimilars help in reducing the costs of expensive biologics, which often represent a major share of national drug budgets, and insurers' spending. Biosimilars typically provide a cost-saving alternative at 15–30% less expensive than the originator biologic products, while also assuring similar safety and efficacy profiles as demonstrated in head-to-head trials. This increased price competition helps in reducing the financial burden of these specialty drugs on the national healthcare systems, the health insurers, and the patients and thus will encourage faster uptake and deeper market penetration. For Detailed Market Insights, Visit: How Are Chronic Disease Burdens and Biologic Demand Powering the Biosimilars Market?The surging global burden of chronic and lifestyle-related diseases, such as cancer, autoimmune disorders, and diabetes, has led to the high demand for biologic therapies and subsequently for their biosimilar versions as well. Biologics are fast becoming the standard of care for many diseases for which either the existing therapies are not very effective, or patients do not respond to them adequately. However, their high cost can be a major barrier to the use of these biologic therapies, especially in low- and middle-income countries. Biosimilars present an excellent opportunity to address this unmet need by improving access to lifesaving medicines at reduced prices. Given the demographic shift toward the older population and the concomitant increase in the incidence of chronic diseases around the world, the demand for biosimilars is expected to grow at a much faster pace, especially in oncology, endocrinology, and immunology therapeutic areas, in the coming years. This is also further corroborated by the fact that healthcare providers and policy decision-makers are looking for cheaper ways to manage therapies for long-term diseases. Are Governments and Payers Creating the Perfect Storm for Biosimilar Expansion? The establishment of streamlined and accelerated regulatory pathways for biosimilars in key global markets, such as the U.S. FDA's Biologics Price Competition and Innovation Act (BPCIA) and the EMA's well-defined and established biosimilar guidelines, have also been key factors propelling the growth of this space. The approval requirements for biosimilarity, interchangeability, labeling, and pharmacovigilance have been clearly defined by the respective regulatory authorities, which will in turn increase the confidence of physicians, pharmacists, and patients in using biosimilars. In addition, several countries and health insurance providers have introduced supportive policies and strategies to promote the use of biosimilars over biologic originators, such as substitution laws, tendering, and reimbursement policies. For instance, countries such as Germany, the UK, and Norway have witnessed a significant uptake in biosimilar products due to national incentive programs, recommendations for substitution, and mandatory switching policies. Such policy support not only helps lower the entry barriers for the manufacturers and increase the safety and efficacy of biosimilar products, but also builds greater market confidence, which will in turn provide a favourable environment for greater adoption of biosimilars. Stay Updated on The Latest Biosimilars Market Trends: Where Is Biosimilar Adoption Accelerating Fastest—and Why Now? North America has long held its ground as the dominant regional player in the global biosimilar market, accounting for 40.4% of the total revenue generated in this Pacific is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 18.4% during the forecast period. The presence of key players such as Dr. Reddy's Laboratories, Biocon, Pfizer Inc., and Celltrion, has significantly influenced the development and commercialization of biosimilars in the region. How Are Product, Application, and Regional Dynamics Shaping the Global Biosimilars Market Landscape? Based on Product, the biosimilars market is divided into, Recombinant Non-glycosylated Proteins, and Recombinant Glycosylated Proteins. The recombinant non-glycosylated proteins segment led in terms of revenue share, accounting for approximately 54.9%. Based on Application, the biosimilars market is divided into, Oncology, Blood Disorders, Growth Hormonal Deficiency, Rheumatoid Arthritis, Chronic and Autoimmune Disorders, and Others. The segment that accounts for the largest share in terms of revenue is the chronic and autoimmune disorders category, accounting for around 21.6% of the market's total. The Biosimilars Market is segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Purchase Premium Copy of Global Biosimilars Market Size and Growth Report (2023-2030) at: Which Companies Are Defining the Biosimilars Landscape—and What's Powering Their Momentum? The Global Biosimilars Market is characterized by the presence of several major players, including: Amgen Inc. F Hoffman-La Roche Ltd. Sandoz International GmbH Dr. Reddy's Laboratories Ltd. Teva Pharmaceutical Industries Ltd. Pfizer Inc. Samsung Biopis Biocon Viatris Inc. Celltrion Healthcare Co.,Ltd. AbbVie Inc. These companies are adopting strategies such as new product launches, joint ventures, and geographical expansion to maintain their competitive edge in the market. What's Driving Innovation in the Global Biosimilars Market Today? In April 2025, Sandoz entered into a collaboration with Shanghai Henlius Biotech to commercialize a biosimilar of ipilimumab, a leading oncology therapy to treat certain types of cancers like colorectal cancer, esophageal cancer, hepatocellular carcinoma, malignant pleural mesothelioma, melanoma, non-small cell lung cancer, and renal cell carcinoma. In April 2025, Biocon and Regeneron formed a license agreement to commercialize Yesafili (aflibercept-jbvf), an interchangeable biosimilar to aflibercept, in the US. In April 2025, Biocon Biologics received approval from the US FDA for Jobevne (bevacizumab-nwgd), a biosimilar of Bevacizumab for intravenous use to treat several different types of cancer. In March 2025, Celltrion launched ZYMFENTRA (infliximab-dyyb) across the US market to treat ulcerative colitis (UC) or Crohn's disease (CD). For Region-Specific Market Data, Check Out Brief Sample Pages: Frequently Asked Questions (FAQs): What is the forecasted market size of the Biosimilars Market in 2030?The forecasted market size of the Biosimilars Market is USD 76.20 billion in 2030. Who are the leading players in the Biosimilars Market?The key players in the Biosimilars Market include, Amgen Inc.; FHoffman-La Roche Ltd.; Sandoz International GmbH; Dr. Reddy's Laboratories; Teva Pharmaceutical Industries Ltd; Pfizer Inc.; Samsung Biopis; Biocon; Viatris Inc.; Celltrion Healthcare Co.,Ltd; and AbbVie Inc. What are the major drivers for the Biosimilars Market? Several key factors are propelling this growth, including the increasing number of biosimilar launches and approvals and rising global demand for affordable alternatives to expensive biologic therapies Which is the largest region during the forecasted period in the Biosimilars Market?The North America has long held its ground as the dominant regional player in the global biosimilar market, accounting for 40.4% of the total revenue generated in this space. Which is the largest segment, by product, during the forecasted period in the Biosimilars Market?The recombinant non-glycosylated proteins segment led in terms of revenue share, accounting for approximately 54.9%. Conclusion: The biosimilars market is undergoing a transformation driven by advancements in biotechnology, evolving regulatory landscapes, and expanding manufacturing capabilities. The increasing prevalence of chronic diseases and the rising economic burden on healthcare systems have heightened the demand for affordable and accessible biologic treatments. This demand is driving the accelerated adoption of biosimilars, which are recognized for their clinical efficacy, cost-effectiveness, and improved accessibility. Biosimilars are poised to play a crucial role in broadening patient access to life-saving biologic therapies, especially in oncology, immunology, and endocrinology. The continuous enhancements in analytical characterization, real-world evidence generation, and pharmacovigilance are building confidence in the safety and interchangeability of biosimilars. Strategic collaborations, streamlined regulatory pathways, and supportive policies are propelling market penetration. As the global healthcare landscape shifts towards value-based care, biosimilars are emerging as indispensable components of sustainable healthcare delivery and pharmaceutical innovation. We offer customized research solutions if the above study does not fully align with your specific requirements: The report from The Research Insights, therefore, provides several stakeholders— pharmaceutical companies, healthcare providers, regulatory agencies, patients, payers/insurance companies, and government health authorities—with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities. With projected growth to US$ 76.20 billion by 2030, the Global Biosimilars Market represents a significant opportunity for, contract manufacturing organizations (CMOs), biotechnology startups, academic research institutions, investment firms, and technology providers can position themselves for success in this dynamic and evolving market landscape. The Critical Questions to be Asking: Rather than "Should we pursue biosimilars?", the strategic questions to be asking are: Which therapeutic areas provide the quickest route to biosimilar profitability in the context of upcoming patent expirations? Where should we build or acquire manufacturing capabilities to scale and meet global demand for biosimilars? How can we position our company as a trusted brand in the biosimilar space in an increasingly price sensitive market? Who should we partner with to effectively manage regulatory complexity and speed to global market access? Why is now the time to invest in biosimilars in order to compete in the changing landscape of chronic disease care and value-based healthcare? Check out more related studies published by The Research Insights: Biosimilar Contract Manufacturing Market: The Global Biosimilar Contract Manufacturing Market is expected to reach at USD 25.73 billion by 2030, according to a new report by The Research Insights. It is projected to expand at a CAGR of 15.9% during the forecast period. The rising prevalence of chronic diseases such as cancer, autoimmune disorders, and diabetes has created a substantial demand for biosimilars, which offer comparable efficacy to their reference biologics while being more cost-effective. Biosimilar Monoclonal Antibodies Market: According to a report by The Research Insights, the growth of the global biosimilar monoclonal antibodies market is driven by several key factors, including the increasing number of monoclonal antibody patent expirations, ongoing innovations in mAb technology, growing demand for cost-effective therapies, and the rising prevalence of chronic and autoimmune diseases such as cancer and rheumatoid arthritis. Browse More related reports on Healthcare Industry Market Reports – About Us: The Research Insights provides thoroughly conducted research which is backed up by real-time statistics and data. Our experts are eager to help you with any information required under the sun. The key to our success is keeping abreast with the markets, industries, and ever-changing consumer trends that matter. Our market research professionals have in-depth knowledge and expertise across various domains that includes IT and Telecom, Emerging Technologies, Consumer Offerings, Manufacturing and Others. We are committed to reviewing the scope and procedure of the research studies that you select and provide you with an accurate guidance in order to assist you in taking the correct business decisions. Contact Us:If you have any queries about this report or if you would like further information, please contact us: Contact Person: Kaushik RoyE-mail: sales@ +1-312-313-8080Blog: Press Release: Latest News: | Logo: View original content: SOURCE The Research Insights
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27-06-2025
- Business
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Network Emulator Market Size A $446.9M Industry by 2030 How 5G, IoT, and Virtual Networks Are Driving Real-Time Simulation Needs
CHICAGO, June 27, 2025 /PRNewswire/ -- The Global Network Emulator Market size is projected to be valued at USD 287 million in 2024 and reach USD 446.9 million by 2030, growing at a CAGR of 7.7% according to a new report by The Research Insights. The market expansion is accelerated by digital transformation, expanding 5G infrastructure, and increasing investment in cloud computing and cybersecurity are accelerating the adoption of network emulator solutions. The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, the Network Emulator Market growth of 7.7% comprises a vast array of Offering, Technology, Test, Application and Geography which are expected to register strength during the coming years. For More Information and To Stay Updated on The Latest Developments in The Global Network Emulator Market Size, Download FREE Sample Pages: Market Overview and Growth Trajectory: Network Emulator Market Growth: According to an exhaustive report by The Research Insights, the Network Emulator Market is experiencing significant growth. The accelerating deployment of 5G and edge computing technologies has created a demand for highly reliable and low-latency network environments to test and validate the performance of connected applications, services, and devices. Network emulators provide a controlled and repeatable environment for simulating these conditions, which has resulted in increased adoption of emulation solutions for 5G and edge use cases. The increasing number of IoT devices and connected systems in various industries like automotive, healthcare, smart cities, and others is also driving the need for realistic network simulation to ensure interoperability, seamless connectivity, and security. The use of Network Emulators in 5G, edge, and IoT scenarios presents several emerging trends that are likely to shape the future of this technology. The growing complexity of hybrid and multi-cloud environments is another factor driving the adoption of network emulators, as businesses look for ways to predict performance under varying network conditions. The integration of AI and machine learning capabilities into network emulation tools is also an emerging trend, which can enable more intelligent and automated testing scenarios. Additionally, the increased focus on cybersecurity resilience is leading to greater use of network emulators in penetration testing and threat modelling. Increasing Demand for Reliable Network Testing in a Multi-Device, Multi-Protocol Environment:With the exponential growth of connected devices ranging from smartphones, laptops, and IoT sensors to autonomous vehicles and industrial machines, modern network infrastructures have become increasingly complex and heterogeneous. Enterprises, telecom service providers, and application developers are under pressure to ensure seamless performance, low latency, high availability, and security across these diverse networks. Network emulators offer a critical solution by creating an accurate replica of real-world network conditions such as latency, jitter, packet loss, bandwidth throttling, etc. in a controlled lab environment. This allows developers and engineers to rigorously test and validate how their applications, hardware, or network configurations perform under adverse or varying network conditions before deployment. Sectors such as financial services, healthcare, defense, and online gaming — where network performance and reliability are paramount — are seeing an increased need for highly accurate, scalable, and flexible emulation tools, fueling the growth of the network emulator market. For Detailed Market Insights, Visit: Growth of 5G, Edge Computing, and Virtualized Network Infrastructure:The ongoing global rollout of 5G networks, along with the emergence of edge computing, software-defined networking (SDN), and network function virtualization (NFV) is transforming the way data is transmitted and processed. These technologies offer significant advantages in terms of latency reduction, bandwidth optimization, flexibility, and security. However, they also introduce additional layers of architectural complexity. Network emulators play a crucial role in the design, testing, optimization, and deployment of these new paradigms, helping service providers, enterprises, and developers to simulate real-time conditions, and validate network behavior and performance before bringing it to market or the field. For instance, telecom operators need to test their 5G core elements, such as slicing, ultra-reliable low latency communication (URLLC), etc. before provisioning. Similarly, as enterprises adopt SDN/NFV architectures, there is a need for sophisticated testing platforms to ensure seamless interoperability and performance across virtualized environments. As digital infrastructure becomes more decentralized, software-defined, and disaggregated, the role of network emulators is emerging as an indispensable tool, fuelling strong market demand. Rising Emphasis on Cybersecurity, Resilience, and Compliance Testing:Cybersecurity and resilience have become a major focus for governments and enterprises. Network outages, configuration errors, or vulnerabilities can lead to data breaches, service disruptions, and financial losses. Network emulators allow security professionals to conduct stress testing, vulnerability assessment, and scenario-based testing in a simulated yet realistic environment without affecting production systems. Such tests help understand the network resilience in the face of DDoS attacks, spoofing, reduced performance, etc. Network emulators are also used for compliance testing of various regulatory standards like ISO, GDPR, or HIPAA. Regulated industries such as banking, healthcare, and government organizations have compliance requirements to be met by the year 2024 and 2025. This is expected to increase the demand for network emulation tools to conduct comprehensive testing and validation without affecting the actual network traffic. As enterprises look to build more robust networks and meet various regulatory compliances, the demand for controlled and accurate testing environments would continue to support the network emulator market growth. Stay Updated on The Latest Network Emulator Market Trends Geographical Insights: North American network emulator market continues to be a key player in terms of leading the global demand in this domain. This can be attributed to the presence of technological leadership and solid infrastructures in this key region. On the one hand, the region continues to be the key hub of innovative industries that have a major focus on next-gen IT systems. On the other hand, the presence of mature telecom providers that are investing in 5G networks in the country further creates the demand for network emulators in this region. The European market for network emulators is expected to gain significant traction during the forecast period, due to high digital transformation goals of the region and constant investments in telecom infrastructures Network emulator market in Asia Pacific is also expected to register a robust growth rate during the forecast period. The major factors propelling this growth are large investments in digital infrastructures and growing adoption of 5G technologies in the region. The major economies of the region such as China, Japan, and South Korea, are continuously adopting smart technologies and IoT based solutions, thus increasing the need for network testing at all levels. Moreover, the region has the largest internet user base, which is growing at a rapid rate, creating a need for high-performance networks and thereby propelling the demand for network emulators. Global Network Emulator Market Segmentation and Geographical Insights: Based on Offering, the market is divided into, Hardware, and Software. The software segment dominated the market in 2023, contributing 53.9% to global revenue and is poised to maintain its lead over the forecast period. Based on Technology, the market is divided into, SD-WAN, IoT, Cloud, and Others. The Internet of Things (IoT) segment dominated market revenue in 2023, driven by expanding adoption across industries such as healthcare, manufacturing, and smart cities. Based on Test, the market is divided into, Performance Testing, Application Testing, and Others. The application testing segment played a pivotal role in shaping the market's revenue dynamics in 2023. Based on Application, the market is divided into, Telecommunication, BFSI, Government & Defence, Healthcare/Medical, and Others. The telecommunications industry played a pivotal role in 2023, with significant revenue contributions. The Network Emulator Market is segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Purchase Premium Copy of Global Network Emulator Market Size and Growth Report (2024-2030) at: Key Players and Competitive Landscape: The Global Network Emulator Market is characterized by the presence of several major players, including: Keysight Technologies Spirent Communications VIAVI Solutions Inc. Apposite Technologies Calnex Solutions Polaris Networks PacketStorm Communications, Inc. Aukua Systems Inc. InterWorking Labs, Inc. GigaNet Systems These companies are adopting strategies such as new product launches, joint ventures, and geographical expansion to maintain their competitive edge in the market. Global Network Emulator Market Recent Developments and Innovations: In June 2025, Calnex Solutions unveiled the SNE-X with 400GbE interfaces, which is the first network emulator with 400GbE interfaces. SNE-X 400G is the only network emulator that provides testing of AI infrastructure and other high-performance computing networks. In April 2025, Spirent Communications announced the release of the Octobox STA Automation Package, the first solution in the industry to completely automate comprehensive performance testing and validation of client stations and devices on Wi-Fi 6/6E and Wi-Fi 7 networks. The new automation package is designed to dramatically accelerate Wi-Fi station testing by replacing the time-consuming, inconsistent, and resource-intensive manual testing with structured, repeatable, and scalable validation automated workflows. In April 2025, Turn/River Capital acquired SolarWinds to help customers transform their businesses with simple, powerful, and secure solutions for hybrid and multi-cloud environments. In February 2025, Spirent Communications collaborated with the Centre of Excellence in Wireless Technology (CEWiT) to help support the Indian government's ambitious "Bharat 6G Vision" to position India as a global leader in 6G technology. CEWiT is an autonomous research society of the Indian Institute of Technology Madras (IITM), and the collaboration sees Spirent's technology being utilized to test and emulate 5G core network functionalities, paving the way for next-generation 6G innovation and development in India. In January 2025, Four Inc. and Apposite Technologies partnered to bring modern network performance test solutions to the public sector. Apposite Technologies provides advanced network, application, and security test solutions for the public sector, supporting federal, state and local government agencies as well as military organizations. For Region-Specific Market Data, Check Out Brief Sample Pages: Frequently Asked Questions (FAQs): What is the forecasted market size of the Network Emulator Market in 2030?- The forecasted market size of the Network Emulator Market is USD 446.9 million in 2030. Who are the leading players in the Network Emulator Market?- The key players in the Network Emulator Market include, Keysight Technologies; Spirent Communications; VIAVI Solutions Inc.; Apposite Technologies; Calnex Solutions; Polaris Networks; PacketStorm Communications, Inc.; Aukua Systems Inc.; InterWorking Labs, Inc.; GigaNet Systems. What are the major drivers for the Network Emulator Market? - Several key factors are propelling this growth, including the swift adoption of cloud computing and the migration of critical applications and services to cloud environments. Which is the largest region during the forecasted period in the Network Emulator Market?- The North American network emulator market has maintained its lead in the global market, driven primarily by the technological prowess and robust infrastructures of this key region. Which is the largest segment, by offering, during the forecasted period in the Network Emulator Market?- The software segment dominated the market in 2023, contributing 53.9% to global revenue and is poised to maintain its lead over the forecast period. Conclusion: Emerging technologies such as virtualization, cloud computing, and real-time analytics are enabling the network emulator market to evolve and cater to the rising demand of complex, high-performance, and mission-critical network environments. The continued adoption of 5G, IoT, edge computing, and software-defined networking (SDN) is driving the need for accurate, scalable, reliable, and flexible network emulation solutions across telecom, defence, automotive, and enterprise IT domains. Network emulators are becoming increasingly critical tools for testing, validating, and optimizing the performance of network-dependent applications, hardware, and infrastructure under simulated real-world conditions without disrupting live systems. As digital transformation initiatives gain momentum, the focus on cybersecurity, latency control, interoperability, and resilience are pushing emulation tools to support a wider range of protocols and dynamic topologies. The integration of AI and machine learning-driven analytics and automation will further improve the testing accuracy and efficiency. The cloud-based deployment options will bring greater flexibility, scalability, and remote accessibility. Network emulator market is expected to emerge as an important enabler of next-generation connectivity and resilience strategies, supporting the vision of hyperconnected, intelligent digital ecosystems. Need A Diverse Region or Sector? Customize Research to Suit Your Requirement: The report from The Research Insights, therefore, provides several stakeholders— telecom operators, network equipment manufacturers, cloud service providers, enterprise IT departments, government and defence agencies, and research institutions—with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities. With projected growth to US$ 446.9 million by 2030, the Global Network Emulator Market represents a significant opportunity for software startups, academic spin-offs, open-source developers, freelance network engineers, and niche hardware vendors, can position themselves for success in this dynamic and evolving market landscape. Check out more related studies published by The Research Insights: Telecom Network Market: According to the report by The Research Insights, the global telecom network market is poised for significant expansion over the forecast period, driven by a surge in demand for telecommunications services. Mobile Network Optimization Market - The global mobile network optimization market is poised for significant expansion due to the rapid rise in mobile cellular data traffic and the subsequent need for efficient network management. As more individuals acquire smartphones, the demand for advanced mobile network solutions will drive this market's growth trajectory. Network Management Software in the Telecom Market: The Global Network Management Software in the Telecom Market is driven by factors such as, the rapidly evolving telecom industry is driving unprecedented demand for advanced network management solutions, propelling the global market towards significant growth. Browse More related reports on Technology Industry Market Reports – About Us: The Research Insights provides thoroughly conducted research which is backed up by real-time statistics and data. Our experts are eager to help you with any information required under the sun. The key to our success is keeping abreast with the markets, industries, and ever-changing consumer trends that matter. Our market research professionals have in-depth knowledge and expertise across various domains that includes IT and Telecom, Emerging Technologies, Consumer Offerings, Manufacturing and Others. We are committed to reviewing the scope and procedure of the research studies that you select and provide you with an accurate guidance in order to assist you in taking the correct business decisions. Contact Us:If you have any queries about this report or if you would like further information, please contact us: Contact Person: Kaushik RoyE-mail: sales@ +1-312-313-8080Blog: Press Release: Latest News: | Logo: View original content: SOURCE The Research Insights Sign in to access your portfolio
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27-06-2025
- Automotive
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Lithium-ion Battery Market A $182.5B Industry by 2030 How EV Adoption and the Energy Transition Are Powering Global Demand
CHICAGO and PUNE, India, June 27, 2025 /PRNewswire/ -- The Global Lithium-ion Battery Market size is projected to be valued at USD 60.3 billion in 2024 and reach USD 182.5 billion by 2030, growing at a CAGR of 20.3% according to a new report by The Research Insights. The lithium-ion battery market consists of advanced energy storage systems for electric vehicles, consumer electronics, grid storage, medical and industrial applications. The battery market comprises a primary battery chemistry of lithium iron phosphate (LFP), lithium titanate (LTO), lithium nickel cobalt aluminium oxide (NCA), lithium manganese oxide (LMO), lithium cobalt oxide (LCO), and nickel manganese cobalt (NMC), characterized by high energy density, enhanced safety, and longer cycle life. The governments 'clean energy and decarbonization policies aid the market further. Gigafactory expansion and recycling advancements will further solidify the supply chains to meet the increasing demand from across the globe. This mix of innovative technologies, policy tailwinds, and infrastructure expansion augurs well for lithium-ion batteries and cements it as a leading market for a sustainable energy future. The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, the Lithium-ion Battery Market growth of 20.3% comprises a vast array of Product, Application and Geography which are expected to register strength during the coming years. For More Information and To Stay Updated on The Latest Developments in The Global Lithium-ion Battery Market Share, Download FREE Sample Pages: Market Overview and Growth Trajectory: Lithium-ion Battery Market Growth: According to an exhaustive report by The Research Insights, the Lithium-ion Battery Market is experiencing significant growth. The lithium-ion battery market is on a trajectory of robust growth fuelled by the confluence of several distinctive and emerging forces. A foremost driver is the unprecedented global shift toward electric vehicles (EVs), galvanized by the twin pressures of stringent emission standards, government incentives, and an ever-growing consumer appetite for eco-friendly mobility. Additionally, the advent of new battery chemistries, such as solid-state and lithium iron phosphate (LFP), is unlocking new frontiers in energy density, safety, and cost-effectiveness. At the same time, a revolution in renewable energy integration is catalysing the demand for grid-scale energy storage solutions, and lithium-ion batteries have emerged as a pivotal enabler for this much-needed energy arbitrage. Furthermore, the explosive expansion of the consumer electronics sector and a corresponding boom in portable devices, especially in developing economies, is also turbocharging the lithium-ion battery adoption. The trend is compounded by a strategic shift toward indigenous gigafactory investments and significant investments in battery recycling infrastructures that will further enhance the value chains. As multiple trends merge their forces, they reshape the energy landscape while lithium-ion batteries lead the forefront. The surging demand for electric vehicles (EVs): The meteoric rise of the electric vehicle (EV) market is one of the most potent catalysts for lithium-ion battery demand. Governments globally are tightening the screws on carbon emissions and, to compensate, have been generous with incentives like subsidies, tax exemptions, and investments in charging infrastructure to hasten the EV revolution. For example, leading economies like China, Germany, and the U.S. are fast phasing out the internal combustion engine in favor of EVs. Lithium-ion batteries find immense favor for EVs because of their superior energy density, light weight, long cycle life, and quicker charging times. Now, with automotive giants such as Tesla, BYD, Volkswagen, and General Motors expanding production lines and building gigafactories, the demand for Li-ion batteries is only expected to surge further. Bloomberg NEF predicts that EVs will account for over 50% of new vehicle sales by 2035, firmly establishing lithium-ion batteries as the technology of choice for the future of mobility. For Detailed Market Insights, Visit: The expansion of renewable energy integration and energy storage systems (ESS): As the world makes an accelerated transition toward renewables like solar and wind energy, there is a growing need for efficient energy storage solutions, which lithium-ion batteries can meet effectively. Renewable energy sources are intermittent and weather-dependent, which makes energy storage critical for maintaining grid reliability and stability. Battery-based ESS technologies are being widely deployed in residential, commercial, and utility-scale applications to store surplus energy and provide power during peak hours. Tesla's Megapack installations and energy storage projects in California, South Korea, and Europe by utility companies demonstrate the rising significance of lithium-ion batteries in grid modernization efforts. Not only does it improve energy reliability but also helps decouple electricity generation and consumption, thereby enabling smarter and more flexible energy systems. With ongoing investments in clean energy infrastructure at a historically high level, ESS applications are a significant and long-term growth driver for lithium-ion batteries. Technological advancements and cost reductions: Technological innovation has been a significant disruptor in the lithium-ion battery market. Continuous improvements in key performance parameters such as energy density, charging rate, safety, and life cycle, have made the batteries more effective and affordable. Material science breakthroughs, in particular the use of silicon-based anodes, solid-state electrolytes, and new cobalt-free chemistries, are overcoming traditional barriers such as overheating, flammability, and high cost. The development of next-generation LFP and nickel manganese cobalt (NMC) chemistries are giving battery manufacturers a wider palette of options that balance cost, energy density, and safety better. These innovations have led to a dramatic decline in the average price of lithium-ion batteries — from above $1,100/kWh in 2010 to less than $140/kWh in 2023 – opening the door for new applications for mobility and stationary use cases. Moreover, economies of scale driven by massive investments in gigafactories and supply chain efficiencies are expected to further enhance affordability and accessibility, fuelling market penetration. Stay Updated on The Latest Lithium-ion Battery Market Trends: Geographical Insights: The Asia Pacific region presently holds the highest market share of more than 47%, which will see a substantial expansion in the coming years. Growth of Europe is expected to be positive throughout the forecast period. This can be attributed to the increasing adoption of Li-ion batteries in a wide range of applications such as medical devices, aerospace and defence systems, automotive vehicles, energy storage systems, and telecommunications networks. Global Lithium-ion Battery Market Segmentation and Geographical Insights: Based on Product, the market is divided into Lithium Cobalt Oxide (LCO), Lithium Iron Phosphate (LFP), Lithium Nickel Cobalt Aluminum Oxide (NCA), Lithium Manganese Oxide (LMO), Lithium Titanate, and Lithium Nickel Manganese Cobalt (LMC). LCO accounted for over 30.0% of the market share in 2023, driven by its widespread adoption in mobile phones, tablets, laptops, and cameras due to its exceptional energy density and safety features. Based on Application, the market is divided into, Automotive, Consumer Electronics, Industrial, Energy Storage Systems, and Medical Devices. In 2023, the consumer electronics sector emerged as a leading player in the market, accounting for over 31% of total revenue share. The proliferation of portable batteries can be observed in an array of devices such as smartphones, laptops, computers, tablets, flashlights, and LED lighting, among others. The Lithium-ion Battery Market is segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Purchase Premium Copy of Global Lithium-ion Battery Market Size and Growth Report (2024-2030) at: Key Players and Competitive Landscape: The Global Lithium-ion Battery Market is characterized by the presence of several major players, including: BYD Co., Ltd. A123 Systems LLC Hitachi, Ltd. Johnson Controls LG Chem Panasonic Corp. Saft Samsung SDI Co., Ltd. Toshiba Corp. GS Yuasa International Ltd. These companies are adopting strategies such as new product launches, joint ventures, and geographical expansion to maintain their competitive edge in the market. Global Lithium-ion Battery Market Recent Developments and Innovations: In May 2025, Contemporary Amperex Technology Co., Limited (CATL) announced the industrial-scale launch of TENER Stack, the world's first 9 MWh ultra-large capacity energy storage system, at Entry/Exit System (EES) Europe 2025. Developed in response to growing global demand for ultra-high-density, flexible, and transportable energy storage systems, the TENER Stack is designed for utilities, developers, and industrial users. It offers a more optimal use of space, better energy efficiency, and enhanced cost performance, supporting a wide range of use cases, from AI data centers to industrial electrification. In April 2025, LG Energy Solution signed a joint venture (JV) agreement with French metal recycling company Derichebourg Multiservices. This partnership is to reinforce its closed-loop battery recycling system and further expand its competitiveness in the European value chain. The joint venture will build a pre-processing facility in Bruyères-sur-Oise, a northern region of France, to extract the black mass. The construction will commence in 2026, with commercial operations to follow in 2027. In April 2025, CALB unveiled its latest energy storage technologies at the 2025 ESIE Summit, and it has started global mass production of its 392 Ah cell and 6.25 MWh liquid-cooled container system. The company also introduced the 314Gen2.0 ultra-long-cycle cell and the 640 Ah high-capacity cell, solidifying its differentiated portfolio of advanced, reliable, high-performance energy storage solutions. In March 2025, LG Energy Solution signed an agreement with PGE Polska Grupa Energetyczna S.A. (PGE), Poland's largest energy provider, to supply 981 MWh of grid-scale energy storage system (ESS) batteries between 2026 and 2027. It will be LG's first large-scale ESS deployment using batteries manufactured in its Poland facility. The two companies will jointly develop a battery energy storage facility in Żarnowiec, Poland, with commercial operations slated to commence in 2027. The turnkey solution includes containerized systems and EPC services. In March 2025, Samsung SDI started production of its 46-series cylindrical batteries, featuring next-generation NCA cathode and SCN anode technologies. The initial supply of the new battery is expected to be made for a US customer's micro-mobility applications. The battery is made in South Korea, where Samsung SDI has been producing the 46-series cylindrical cells since February 2025, and will be assembled in Vietnam. The latest development is a significant milestone for Samsung SDI, as it is the first Korean battery company to ship 46-series cells to customers overseas. The company plans to expand its production and supply in overseas markets. For Region-Specific Market Data, Check Out Brief Sample Pages: Frequently Asked Questions (FAQs): What is the forecasted market size of the Lithium-ion Battery Market in 2030?➢ The forecasted market size of the Lithium-ion Battery Market is USD 182.5 billion in 2030. Who are the leading players in the Lithium-ion Battery Market?➢ The key players in the Lithium-ion Battery Market include, BYD Co., Ltd.; A123 Systems LLC; Hitachi, Ltd.; Johnson Controls; LG Chem; NEC Corp.; Panasonic Corp.; Saft; Samsung SDI Co., Ltd.; Toshiba Corp.; GS Yuasa International Ltd.; and Narada Power Source Co., Ltd. What are the major drivers for the Lithium-ion Battery Market? ➢ The global lithium-ion battery market is poised for significant growth, driven by the increasing demand for automotive applications due to the low cost of lithium-ion batteries. Which is the largest region during the forecasted period in the Lithium-ion Battery Market?➢ The Asia Pacific region currently dominates the market with a share exceeding 47%, set to experience significant growth over the next few years. Which is the largest segment, by application, during the forecasted period in the Lithium-ion Battery Market?➢ In 2023, the consumer electronics sector emerged as a leading player in the market, accounting for over 31% of total revenue share. Conclusion: The landscape of lithium-ion battery technology is being fundamentally redefined by rapid advancements and a burgeoning demand for energy storage solutions across multiple domains. The ongoing global shift towards sustainability and carbon neutrality is only further amplifying the adoption curve of lithium-ion batteries, given their high energy density, extended lifecycle, and rapid charging capabilities. Investments in enhancing supply chains, coupled with breakthroughs in materials and the development of solid-state alternatives, are poised to significantly improve battery safety, performance, and cost-effectiveness. However, the real-time integration of smart Battery Management Systems (BMS) with robust features for real-time monitoring and predictive maintenance becomes critical to optimize utilization and extend lifecycle. Moreover, the adoption of battery recycling strategies and second-life applications will be increasingly important to meet the twin goals of circular economy and reduced environmental impact. As lithium-ion technology continues to evolve, it is poised to be at the centre of powering the future, ushering in a new era of cleaner and more connected energy. Need A Diverse Region or Sector? Customize Research to Suit Your Requirement: The report from The Research Insights, therefore, provides several stakeholders—manufacturers, suppliers, raw material providers, regulatory bodies, end-use industries, investors, and research institutions—with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities. With projected growth to US$ 182.5 billion by 2030, the Global Lithium-ion Battery Market represents a significant opportunity for startups, technology disruptors, sustainability advocates, recyclers, and market speculators, can position themselves for success in this dynamic and evolving market landscape. Check out more related studies published by The Research Insights: Residential Lithium-ion Battery Energy Storage Systems Market: The Global Residential Lithium-ion Battery Energy Storage Systems Market is expected to reach at USD 48.81 billion by 2030, according to a new report by The Research Insights. It is projected to expand at a CAGR of 32.1% during the forecast period. The burgeoning residential energy storage market has witnessed remarkable growth over recent years, driven largely by the increasing popularity of solar panels and other renewable energy solutions. Automotive Lithium-Ion Battery Market: According to a report Global Automotive Lithium-Ion Battery Market by The Research Insights, the market is primarily driven by the rapidly growing demand for electric vehicles (EVs) and the urgent need to curb carbon emissions. Lithium-ion Battery Cathode Market - The global lithium-ion battery cathode market is poised for significant growth, with an estimated USD 22.16 billion valuation in 2022 and a forecasted compound annual growth rate (CAGR) of 19.9% from 2023 to 2030. The market's trajectory is closely tied to the expanding electric vehicle supply equipment (EVSE) sector, which has substantial implications for the lithium-ion battery cathode industry. Lithium-Ion Battery Solvent Market - The global lithium-ion battery solvent market is anticipated to reach USD 450.32 million by 2023, with a compound annual growth rate (CAGR) of 18.1% forecasted between 2024 and 2030. The surge in demand for electrolyte solvents from the automotive sector, driven by the growing popularity of electric vehicles, is a key factor contributing to this projected expansion. Lithium-ion Battery Binders Market - The global lithium-ion battery binders market is poised for significant growth, with an estimated USD 1.88 billion in sales in 2023. Over the next six years, it's expected to expand at a Compound Annual Growth Rate (CAGR) of 18.3%, driven by the rising popularity of electric vehicles (EVs). As EVs become increasingly mainstream, manufacturers are turning to high-performance lithium-ion batteries to power these vehicles, making binder technology an essential component in their development. Lithium-ion Battery Recycling Market - The global lithium-ion battery recycling market is poised for significant growth, fueled by the growing adoption of electric vehicles and consumer electronics. As of 2023, the market size was estimated at USD 138.62 million, with a projected CAGR of 44.8% from 2024 to 2030. This rapid expansion can be attributed in part to the increasing popularity of electric cars and gadgets, which is driving up demand for recycled lithium-ion batteries. Browse More related reports on Energy & Power Industry Market Reports – About Us: The Research Insights provides thoroughly conducted research which is backed up by real-time statistics and data. Our experts are eager to help you with any information required under the sun. The key to our success is keeping abreast with the markets, industries, and ever-changing consumer trends that matter. Our market research professionals have in-depth knowledge and expertise across various domains that includes IT and Telecom, Emerging Technologies, Consumer Offerings, Manufacturing and Others. We are committed to reviewing the scope and procedure of the research studies that you select and provide you with an accurate guidance in order to assist you in taking the correct business decisions. Contact Us:If you have any queries about this report or if you would like further information, please contact us: Contact Person: Kaushik RoyE-mail: sales@ +1-312-313-8080Blog: Press Release: Latest News: | Logo: View original content: SOURCE The Research Insights Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-06-2025
- Automotive
- Yahoo
A $124.97B Market by 2030 - How Battery Tech and Zero-Emission Mandates Are Driving the Future of Freight Mobility The Research Insights
CHICAGO and PUNE, India, June 27, 2025 /PRNewswire/ -- The Electric Trucks Market is projected to be valued at USD 29.69 billion in 2024 and reach USD 124.97 billion by 2030, growing at a CAGR of 27.1% according to a new report by The Research Insights. Rising emphasis on emission-free vehicles is anticipated to enhance the global sales of electric trucks, especially in the e-commerce and logistics domain. It will help the OEMs to expand their revenue stream and geographic footprint in the electric commercial vehicle industry. The report runs an in-depth analysis of electric trucks market trends, key players, and future opportunities. In general, the Electric Trucks Market growth of 27.1% comprises a vast array of Vehicle, Propulsion, Vehicle Range, Application, and Geography which are expected to register strength during the coming years. For More Information and To Stay Updated on The Latest Developments in The Global Electric Trucks Market, Download the Sample Pages: Market Overview and Growth Trajectory: Electric Trucks Market Growth: According to an exhaustive report by The Research Insights, the Electric Trucks Market is experiencing significant growth. The electric trucks market is growing rapidly, driven by unique and emerging trends apart from conventional ones like fuel savings and emission regulation. Improvements in battery technology and solid-state and lithium iron phosphate (LFP) batteries are enhancing the range, safety, and fast charging capability of electric trucks. Also, supply chain electrification efforts by major retailers and logistics companies pursuing ESG (Environmental, Social, and Governance) goals are accelerating fleet-level adoption. Growing demand for V2G integration and smart fleet management systems are driving the market, which allows electric trucks to operate as energy sources during peak loads. Also, the government incentives are shifting from subsidizing vehicles to ZEV (zero-emission vehicle) mandates and carbon credit programs, which is especially attractive for larger fleet owners. Finally, partnerships between truck OEMs and EV startups are helping accelerate innovation, and vertical integration, i.e., in-house battery production is enhancing control over cost and supply chain security. All these developments are driving the electrification of the commercial vehicle industry, one of the fastest-growing and transforming industries. Regulatory Push for Emissions Reduction and Government Incentives: Governments around the world are implementing strict emission regulations to mitigate climate change and reduce air pollution. North America, Europe, and parts of Asia are introducing stringent regulations for the transport sector, which is one of the major contributors to GHG emissions. Frameworks like the EU's Green Deal, the EPA's GHG emission standards, and China's NEV (New Energy Vehicle) policies are encouraging the adoption of electric propulsion in commercial vehicles. The government also offers various incentives, including purchase subsidies, tax exemptions, free registration, and zero-emission zones for electric commercial vehicles. Funding for electric vehicle charging stations, R&D grants, and ZEV credits are making electric trucks affordable and lucrative for manufacturers and customers. The battery subsidy is likely to be the most significant source of reduction in upfront costs, followed by reduced registration fees. The combination of government incentives is making electric trucks a financially viable and profitable choice for companies looking to comply with emission regulations and improve sustainability credentials. Stay Updated on The Latest Electric Trucks Market Trends: Technological Innovations in Batteries and Charging Infrastructure: Advancements in battery technology and solid-state and lithium-ion batteries are increasing the capability of electric trucks in terms of performance, range, and affordability. The range of electric trucks has now reached more than 300 miles on a single charge, making it a potential replacement for diesel-powered trucks not only in city deliveries but also for regional and intercity transportation. Battery energy density improvements, battery lifecycle, and safety developments have eliminated some of the concerns about payload limits and vehicle downtime. The widespread deployment of high-speed charging infrastructure for electric vehicles, including megawatt charging for heavy-duty trucks, is reducing range anxiety and enabling more flexibility in operations. Smart charging, V2G technology, and energy management systems are emerging, allowing fleet owners to optimize energy usage and reduce TCO (total cost of ownership). Technological innovations are overcoming some of the operational challenges associated with diesel trucks and making them a viable alternative to diesel-powered vehicles. Corporates' ESG Goals and Fleet Electrification Trends: A rise in corporate sustainability and ESG (environmental, social, and governance) goals is driving the demand for electric trucks. Increasing numbers of corporates, including logistics companies like Amazon, UPS, FedEx, and Walmart, are going carbon neutral and electrifying their fleets as part of their broader carbon strategy. These organizations view fleet electrification as a critical move to reduce their carbon footprint, adhere to future emission regulations, and improve their image in the eyes of increasingly eco-conscious customers and investors. The TCO (total cost of ownership) of electric trucks is also becoming more favourable in the long term, as they incur lower maintenance costs, lesser fuel expenses, and longer service life. The application of data analytics and telematics are also helping fleet managers track vehicle performance and maximize utilization. As companies realize the long-term financial and brand benefits of electrification, the demand for electric trucks, including light-duty vans and heavy-duty haulers, is likely to grow in industries such as logistics, retail, manufacturing, and construction. For Detailed Market Insights, Visit: Geographical Insights: North America leads in terms of the share of total revenue in the global electric trucks market in 2023 with 37.6%. Government incentives and supportive policies play a crucial role in driving the transition to electric mobility in North America. Both the State and Federal governments in the US have enacted tax credits, grants, and subsidies to support investment from automakers and customer demand for electric vehicles. This is why North American automakers are offering new products and services to keep up with the rising demand for electric vehicles in North America. The Asia-Pacific region is projected to witness the highest Compound Annual Growth Rate (CAGR) during the forecast period owing to a confluence of supportive government policies and incentives creating a conducive environment for the business of electric trucks. China's New Energy Vehicle mandate and India's Faster Adoption and Manufacturing of Electric Vehicles (FAME) are some of the initiatives driving growth. The fast rise of e-commerce in the region has created an uptick in demand for environment-friendly transportation solutions by logistics and delivery firms, which is in turn leading to new developments from local players like BYD, FAW Group, and Dongfeng Motor. Global Electric Trucks Market Segmentation and Geographical Insights: Based on Vehicle, the electric trucks market is divided into, Light Duty Trucks, Medium Duty Trucks, and Heavy-Duty Trucks. Light duty trucks have been the clear market leader in 2023, accounting for a substantial 64.0% share of revenue. Based on Propulsion, the electric trucks market is divided into, BEV, PHEV, and HEV. Battery Electric Vehicles (BEVs) dominated the market share in 2023, driven by their exceptional performance, reduced operating expenses, and growing recognition as a viable alternative to traditional IC engine trucks. Based on Vehicle Range, the electric trucks market is divided into, up to 300 miles, 300-600 miles, and Above 600 miles. In 2023, electric vehicles with a range of up to 300 miles dominated the market due to their tailored fit for commercial fleets' daily route needs, especially in urban and regional transportation contexts. Based on Application, the electric trucks market is divided into, Logistics & Delivery, Construction, Waste Management, and Others. The logistics and delivery segment dominated the market in 2023, primarily driven by the surge in e-commerce and growing consumer demands for swift and dependable delivery services. The Electric Trucks Market is segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For Region-Specific Market Data, Check Out Brief Sample Pages: Key Players and Competitive Landscape: The Global Electric Trucks Market is characterized by the presence of several major players, including: AB Volvo BYD Company Ltd. Daimler Truck AG Dongfeng Motor Company FAW Group Co., Ltd. Foton International ISUZU MOTORS LIMITED Navistar, Inc PACCAR Inc. Scania These companies are adopting strategies such as new product launches, joint ventures, and geographical expansion to maintain their competitive edge in the market. Global Electric Trucks Market Recent Developments and Innovations: In May 2025, Scania (Sweden) announced plans to invest approximately USD 2 billion to build a new production plant in Rugao, China, marking its third global manufacturing site after Sweden and Brazil. The new plant will start production by October 2025 and will produce 50,000 vehicles per year, which is approximately twice the production capacity of the plant in Brazil. Scania aims to reinforce its presence in the Asian market, shorten the delivery time and align with the local technological trends in the field of transportation in China. In February 2025, Dongfeng Motor Corporation (China) showcased three models DONGFENG GX, KC PRO and KC PLUS at the DONGFENG DAY 2025 held in Jakarta, Indonesia. DONGFENG DAY 2025 marked the company's first move to develop and establish its own market in Southeast Asia in the electric truck segment. In January 2025, Daimler Truck AG (Germany) received an order from Amazon (US) for 200 Mercedes-Benz eActros LongHaul battery electric heavy-duty trucks. The vehicles will be used for logistics operations in Germany and the UK to enable the carbon-free transportation service provided by Amazon. The first deliveries will start at the end of 2025. In January 2025, Scania (Sweden), SKF (Sweden), and LOTS Group (Sweden) initiated a project to introduce an electrically driven truck transport between Gothenburg and Helsingborg, Sweden. Battery electric Scania trucks powered by SKF charging solutions will run along the route to illustrate the potential for fossil-free long-distance transportation. LOTS Group will be responsible for the operation and logistics for this project to reduce carbon emissions in the entire supply chain. The companies aim to speed up the conversion to fossil-free transportation and demonstrate new solutions for fossil-free logistics. Purchase Premium Copy of Global Electric Trucks Market Size and Growth Report (2024-2030) at: Frequently Asked Questions (FAQs): What is the forecasted market size of the Electric Trucks Market in 2030?➢ The forecasted market size of the Electric Trucks Market is USD 124.97 Billion in 2030. Who are the leading players in the Electric Trucks Market?➢ The key players in the Electric Trucks Market include, AB Volvo; BYD Company Ltd.; Daimler Truck AG; Dongfeng Motor Company; FAW Group Co., Ltd.; Foton International; ISUZU MOTORS LIMITED; Navistar, Inc.; PACCAR Inc.; Scania. What are the major drivers for the Electric Trucks Market? ➢ The market is driven by a combination of factors that prioritize sustainability and environmental responsibility. Which is the largest region during the forecasted period in the Electric Trucks Market?➢ North America leads in terms of the share of total revenue in the global electric truck market in 2023 with 37.6%. Which is the largest segment, by vehicle, during the forecasted period in the Electric Trucks Market?➢ The Light duty trucks have been the clear market leader in 2023, accounting for a substantial 64.0% share of revenue. Conclusion: Technological advancements in batteries, energy management systems, and charging infrastructure are reshaping the electric trucks market and addressing growing needs for sustainable transportation in different sectors. The increasing demand for decarbonization in logistics, the government regulations on emissions, and the rising cost of fossil fuels are accelerating the transition to electric mobility. Electric trucks are now an essential part of fleet operations, last-mile delivery, and long-haul transport because of their lower environmental impact, reduced operating costs, and improved range. Integrating with smart grid systems and telematics improves real-time monitoring, route optimization, and predictive maintenance. Fast-charging solutions, flexible battery design, and supportive policy frameworks are crucial for adoption. As a part of the broader trends in green energy and smart mobility, electric trucks are becoming integral parts of the next-generation transport ecosystem that is aligned with global climate goals and digital transformation. Need A Diverse Region or Sector? Customize Research to Suit Your Requirement: The report from The Research Insights, therefore, provides several stakeholders— governments, automotive manufacturers, logistics companies, fleet operators, regulatory agencies, and environmental organizations—with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities. With projected growth to US$ 124.97 billion by 2030, the Global Electric Trucks Market represents a significant opportunity for battery technology startups, charging infrastructure providers, software developers, renewable energy companies, and autonomous driving tech firms. Check out more related studies published by The Research Insights: Heavy-duty Electric Trucks Market: The Global Heavy-duty Electric Trucks Market is expected to reach at USD 4.70 billion by 2030, according to a new report by The Research Insights. It is projected to expand at a CAGR of 20.6% during the forecast period. The introduction of heavy-duty electric trucks is revolutionizing the transportation industry, bringing numerous advantages that benefit both businesses and the environment. Electric Vehicle Market: The Global Electric Vehicle Market is expected to reach at USD 3,760.9 billion by 2034, according to a new report by The Research Insights. It is projected to expand at a CAGR of 21.5% during the forecast period. Increased focus on emission-free vehicles is expected to drive the global adoption of electric trucks, particularly in the e-commerce and logistics sector. Browse More related reports on Technology Industry Market Reports- About Us: The Research Insights provides thoroughly conducted research which is backed up by real-time statistics and data. Our experts are eager to help you with any information required under the sun. The key to our success is keeping abreast with the markets, industries, and ever-changing consumer trends that matter. Our market research professionals have in-depth knowledge and expertise across various domains that includes IT and Telecom, Emerging Technologies, Consumer Offerings, Manufacturing and Others. We are committed to reviewing the scope and procedure of the research studies that you select and provide you with an accurate guidance in order to assist you in taking the correct business decisions. Contact Us:If you have any queries about this report or if you would like further information, please contact us: Contact Person: Kaushik RoyE-mail: sales@ +1-312-313-8080Blog: Press Release: Latest News: | Logo: View original content: SOURCE The Research Insights Sign in to access your portfolio
Yahoo
26-06-2025
- Business
- Yahoo
Smart Warehousing Market Outlook 2030 How IoT, AI, and Automation Are Reshaping Modern Logistics Exclusive Report by The Research Insights
CHICAGO and PUNE, India, June 26, 2025 /PRNewswire/ -- The Smart Warehousing Market Share is projected to be valued at USD 22.83 billion in 2023 and reach USD 57.97 billion by 2030, growing at a CAGR of 14.2% according to a new report by The Research Insights. Growth is being driven by the increasing adoption of the IoT, AI, and robotics in warehouse operations, along with the high demand for real time visibility and reduced time and errors in order fulfilment. These technologies are being implemented to make warehouse operations faster, more efficient, agile and intelligent. The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, the Smart Warehousing Market growth of 14.2% comprises a vast array of Component, Deployment, Technology, Application, Warehouse Size, Vertical, and Geography which are expected to register strength during the coming years. For More Information and To Stay Updated on The Latest Developments in The Global Smart Warehousing Market Size, Download FREE Sample Pages: Market Overview and Growth Trajectory: Smart Warehousing Market Growth: According to an exhaustive report by The Research Insights, the Smart Warehousing Market is experiencing significant growth. The growth of the smart warehousing market is primarily being driven by the convergence of several transformative technologies with evolving demands within the logistics and supply chain industries. One of the primary drivers is the explosive growth of e-commerce and omnichannel retailing, which requires faster, more accurate and efficient order fulfilment to meet rising customer expectations. This boom is putting pressure on businesses to streamline their logistics operations and shift away from traditional warehousing models in favor of automated, data-driven solutions. The integration of AI and machine learning technologies into warehouse operations is also playing a crucial role by enabling predictive analytics and real-time decision-making. This is significantly improving efficiency and responsiveness to dynamic market conditions. The proliferation of robotics, including autonomous mobile robots (AMRs), is revolutionizing material handling, which is further accelerated by global labor shortages. In parallel, the increasing focus on sustainability is also spurring the adoption of energy-efficient systems and smart infrastructure with a reduced environmental footprint. The adoption of cloud-based WMS, coupled with IoT sensors and 5G connectivity, is facilitating scalable, flexible warehouse operations with real-time visibility and enhanced control. These trends, combined with the reshaping of consumer expectations, are driving the rapid transformation of warehousing into smart, resilient, and interconnected ecosystems. Rapid Growth of E-commerce and Omnichannel Retailing: The exponential growth of e-commerce is one of the primary drivers of the smart warehousing market. E-commerce behemoths such as Amazon, Alibaba and Walmart have significantly raised customer expectations in terms of delivery speed, inventory availability, and order accuracy. To keep pace, companies are transitioning from traditional storage models to smarter warehouses equipped with automation, robotics, and real-time inventory tracking. Omnichannel retail is also fueling the adoption of smart warehousing systems by adding complexity to the management of inventory and order fulfillment. Integrating advanced software, automated picking and packing, and warehouse management systems (WMS) solutions can help businesses seamlessly manage orders from multiple channels with reduced errors and faster fulfillment times. As the global e-commerce market is set to continue its meteoric growth, the need for scalable, intelligent warehousing solutions is also growing. For Detailed Market Insights, Visit: Advancements in Automation, Robotics and AI Technologies: Innovation in automation, robotics, and artificial intelligence (AI) technologies is another key driver of the smart warehousing revolution. The integration of advanced technologies such as autonomous mobile robots (AMRs), AI-powered analytics, Internet of Things (IoT), and machine learning into warehouse operations is fundamentally transforming logistics and inventory management practices. AMRs can navigate warehouse floors to transport goods with reduced labor costs and lower human errors. AI and machine learning algorithms can significantly improve demand forecasting, route optimization, and resource management. IoT-enabled sensors and RFID tags provide real-time visibility into inventory levels, equipment status, and environmental conditions. WMS solutions have evolved to integrate predictive analytics capabilities and are cloud-based allowing greater agility in decision making. These technological innovations are not only helping companies improve their operational efficiency, but they are also enabling them to scale their logistics operations more effectively to meet fluctuating market demands. This is making smart warehousing an essential building block of modern supply chains. Labor Shortages and the Rising Cost of Manual Operations: The global logistics and warehousing industry is currently experiencing a skilled labor shortage, with rising wages and high turnover rates further compounding the challenge. The warehousing and storage sector has experienced a record-breaking level of job openings in recent years, according to the U.S. Bureau of Labor Statistics. This labor shortage is one of the biggest contributing factors that have led to businesses looking to increase their smart warehouse spending to reduce their overall human labor and its associated costs. These smart solutions can help companies to operate 24/7 with little downtime to further create a significant cost saving over time. The minimization of human labor in warehousing also reduces risks to human health and safety by delegating repetitive and potentially strenuous tasks to automated machines and robots. For companies that are still relying on manual warehousing operations for fulfillment, it is becoming necessary to consider an upgrade to a smart warehouse solution to remain competitive, efficient and cost-effective. Stay Updated on The Latest Smart Warehousing Market Trends: Geographical Insights: North America had the maximum market share of around 31.8% in the smart warehousing market. This is attributed to the presence of a robust technology infrastructure and a well-established logistics and warehousing sector in the region. The region is also a host to several leading e-commerce and retail companies, which further accelerates the adoption of smart warehousing solutions to efficiently meet the growing demand for their supply chain operations. The recent explosion of online shopping has resulted in an increased requirement for warehouses to provide efficient and faster order fulfillment, real-time tracking of orders and improved inventory management capabilities. All these factors have led to companies investing in new warehouse automation technologies, robotics, and warehouse management systems (WMS) solutions in order to remain agile and efficient in the long run. Asia Pacific is expected to register the highest CAGR of around 15.2% over the forecast period owing to the rising adoption of automated and robotics technologies for several warehousing and supply chain operations. The rising e-commerce trend has also increased the requirement for warehouses for efficient warehouse management and tracking systems, real-time inventory data, and operational workflows. To cater to the demand, companies have been rapidly investing in cutting-edge technologies such as Autonomous Mobile Robots (AMRs) and conveyor systems in order to automate several warehousing activities such as material handling and packaging which has resulted in reducing the labor requirements and the overall operational costs. Global Smart Warehousing Market Segmentation and Geographical Insights: Based on Component, the Smart Warehousing market is divided into, Hardware, Software, and Services. The hardware segment dominated the market with a share of 50.1%. Based on Deployment, the Smart Warehousing market is divided into, Cloud, and On-premises. The on-premises segment holds a substantial lead in the smart warehousing market, accounting for 55.9% of the total share Based on Technology, the Smart Warehousing market is divided into, IoT, Robotics and Automation, AI and Analytics, Networking and Communication, AR and VR, Others. The robotics and automation segment dominated the landscape, accounting for 31.8% of total market share. Based on Application, the Smart Warehousing market is divided into, Inventory Management, Order Fulfillment, Asset Tracking, Predictive Analytics, and Others. Fulfillment currently dominating the landscape at 33.9%. Based on Warehouse Size, the Smart Warehousing market is divided into, Small, Medium, and Large. Large warehouses making up 48.0% of total revenue. Based on Vertical, the Smart Warehousing market is divided into, Transportation & Logistics, Retail & E-commerce, Manufacturing, Healthcare, Energy and Utilities, Automotive, Food & Beverages, and Others. The transportation & logistics segment held the largest share of 19.8% of the overall revenue. The Smart Warehousing Market is segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Purchase Premium Copy of Global Smart Warehousing Market Size and Growth Report (2023-2030) at: Key Players and Competitive Landscape: The Global Smart Warehousing Market is characterized by the presence of several major players, including: Honeywell International Inc. Siemens Zebra Technologies Corporation IBM Corporation Oracle Corporation SAP SE KION Group AG Cognex Corporation ABB Ltd. Tecsys, Inc. Manhattan Associates PSI Logistics Reply These companies are adopting strategies such as new product launches, joint ventures, and geographical expansion to maintain their competitive edge in the market. Global Smart Warehousing Market Recent Developments and Innovations: In May 2025. Blue Yonder acquired Pledge Earth Technologies Ltd to enhance its end-to-end supply chain platform with accredited carbon emissions reporting capabilities. Pledge's software solutions help businesses measure, track and manage their carbon emissions throughout logistics operations, supporting adherence to global sustainability standards and promoting transparency in supply chain carbon management. In May 2025. Samsung SDS and SAP extend their strategic partnership to expand cloud ERP services to regulated industries, including finance, public sector, and defense. The collaboration will support cloud ERP migration and integration of AI and hyper-automation solutions to help customers modernize their operations, including warehouse and supply chain management and compliance. In April 2025. Uniserve and Logistics Reply have partnered to implement LEA Reply, a cloud-native, microservices-based Warehouse Management System (WMS) for its existing operations. LEA Reply helps Uniserve in scaling its operations seamlessly while boosting efficiency and productivity. It also provides real-time visibility into all inventory and warehouse operations across its supply chain. Uniserve plans to leverage this partnership for future expansion of solutions and services like AI, inventory drones, yard management, and dock scheduling, as well. In January 2025. Blue Yonder and Rhenus Warehousing Solutions, a leading logistics service provider, have announced a strategic partnership to standardize warehouse operations globally. The two companies plan to implement Blue Yonder's Warehouse Management System (WMS) across Rhenus Warehousing Solutions' facilities to streamline processes, increase scalability and consistency. For Region-Specific Market Data, Check Out Brief Sample Pages: Frequently Asked Questions (FAQs): What is the forecasted market size of the Smart Warehousing Market in 2030?The forecasted market size of the Smart Warehousing Market is USD 57.97 billion in 2030. Who are the leading players in the Smart Warehousing Market?The key players in the Smart Warehousing Market include, Honeywell International Inc.; Siemens; Zebra Technologies Corporation; IBM Corporation; Oracle Corporation; SAP SE; KION Group AG; Cognex Corporation; ABB Ltd.; Tecsys, Inc.; Manhattan Associates; PSI Logistics; and Reply. What are the major drivers for the Smart Warehousing Market? The market's expansion can be attributed to the increasing adoption of automation and robotics solutions, as well as the rapid growth of the e-commerce industry. Which is the largest region during the forecasted period in the Smart Warehousing Market?The North America had the maximum market share of around 31.8% in the smart warehousing market. Which is the largest segment, by warehouse sizes, during the forecasted period in the Smart Warehousing Market?The Large warehouses making up 48.0% of total revenue. Conclusion: The transformation of warehousing into smart ecosystems is being driven by a combination of new technologies including artificial intelligence (AI), the IoT, robotics, and cloud computing. These new smart warehouse technologies are helping to fundamentally reframe traditional supply chain and inventory management practices. The rise in the adoption of e-commerce and the demand for faster order fulfillment, labor shortage, and the increased complexity in logistics operations, are some of the other factors that have led to the increasing installation of automated and smart warehousing solutions. Smart warehouses use a combination of real-time data analytics, AMRs, autonomous guided vehicles (AGVs), and connected devices to help in optimizing storage, streamline operations and drive better decision-making. These smart devices and systems are seamlessly integrated with each other through the IoT to also facilitate predictive maintenance, energy efficiency and adaptive allocation of warehouse resources. As a fundamental part of the broader Industrial 4.0 movements, smart warehousing is helping drive and enable end-to-end digital logistics and responsive distribution networks as well. Further innovation in AI and machine learning, sensor fusion, and human-machine interfaces is helping to improve the agility, efficiency, safety and scalability of warehousing operations for commerce in the future. Need A Diverse Region or Sector? Customize Research to Suit Your Requirement: The report from The Research Insights, therefore, provides several stakeholders— logistics companies, warehouse operators, supply chain managers, technology providers, and regulatory bodies — with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities. With projected growth to US$ 57.97 billion by 2030, the Global Smart Warehousing Market represents a significant opportunity for AI developers, IoT solution innovators, robotics manufacturers, data analytics startups, and cloud service providers, can position themselves for success in this dynamic and evolving market landscape. Check out more related studies published by The Research Insights: Warehousing Market: The Global Warehousing Market is expected to reach at USD 1.73 trillion by 2030, according to a new report by The Research Insights. It is projected to expand at a CAGR of 8.1% during the forecast period. This expansion can be attributed to several factors, including the rapid growth of e-commerce and increasing globalization that has led to heightened supply chain complexity. High-tech Logistics Market: The Global High-tech Logistics Market is expected to reach at USD 100.24 billion by 2030, according to a new report by The Research Insights. The growth is fuelled by the increasing requirement for reliable logistics services that can handle sensitive, high-value products used across sectors such as semiconductors, consumer electronics, telecommunications, and medical devices. 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