Market Research

The Combat vehicles market is estimated to be valued at USD 25.25 billion in 2024 , with projections to reach USD 32.21 billion by 2029 , growing at a CAGR of 4.99% . Despite the challenges posed by the COVID-19 pandemic, the market has remained resilient, driven by ongoing procurement projects and increasing defense budgets. Combat Vehicles Industry Trends Dominance of Infantry Fighting Vehicles (IFVs) The IFV segment is expected to dominate the Combat Vehicles Industry , driven by increasing procurement and rising defense expenditure. These vehicles play a crucial role in carrying mechanized infantry units into battle and providing direct-fire support. The US Army and Australian Army, among others, are investing in large-scale procurements of IFVs. Large-Scale Procurements Countries like India, China, and Australia are significantly investing in new armored vehicles to replace aging fleets. The Indian Army, for example, is procuring Futuristic Infantry Combat Vehicles , while Austr...

Maintenance, Repair, and Operations (MRO) services are crucial for the longevity and efficiency of equipment used across various industries. This market is a vital component of the global industrial framework, ensuring that machines and systems run smoothly and reliably. In this article, we delve into the dynamics of the MRO services market, analyzing its size, growth, and the major players that shape its landscape. MRO Services Market Size And Growth Rate MRO Services Industry The MRO services market is currently valued at approximately USD 430.98 billion as of 2024. This represents a substantial sector within the industrial world, supporting countless operations across a multitude of industries. Projected to grow at a compound annual growth rate (CAGR) of 2.28% , the market is expected to reach USD 482.40 billion by 2029 . This growth is fueled by various factors, including technological advancements and increasing demands for maintenance efficiency. Key Drivers of the MRO Services...

  The Vietnam Pharmaceutical market, a cornerstone of the global healthcare industry, has been witnessing significant growth, driven by innovation and the increasing demand for advanced therapeutic solutions. Vietnam Pharmaceutical sector Size and Forecast Vietnam Pharmaceutical sector The Vietnam Pharmaceutical Market is estimated to reach a valuation of USD 570.01 billion in 2024 , with projections indicating a growth to USD 1022.61 billion by 2029 . This reflects a remarkable compound annual growth rate (CAGR) of 12.14% over the forecast period (2024-2029) highlighting the market's robust expansion driven by innovation, research and development (R&D) investments, and an escalating burden of chronic diseases. Driving Forces Behind the Pharmaceutical Market Growth Several factors contribute to the dynamic growth of Vietnam's Pharmaceutical sector Increased R&D Expenditure: Companies are investing heavily in research to bring innovative treatments and therapies to th...