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Rockville, MD, Nov. 13, 2024 (GLOBE NEWSWIRE) — According to Fact.MR, a market research and competitive intelligence provider, the global gene therapy for SCID market is projected to grow at a robust CAGR and could reach US$ 2.0 billion by 2034.

The idea of gene therapy was proposed more than 50 years ago at the time molecular biology principles had been defined and the first disease−inducing genetic mutations were identified. However, it was not until nearly 30 years and several associated advances that it turned into a reality.

European regulatory bodies have given a nod to one gene therapy product of primary immunodeficiency (PID) to cure ADA SCID, essentially, Strimvelis. Interestingly, SCID was the first disease known to be successfully treated through gene therapy even as it was the first and only indication of allogeneic HSC transplantation. SCIDs are inherited immuno-deficiency diseases that lead to an early block in T-cell development with variable abnormalities of other lymphoid (or occasionally myeloid) lineages.

γRV vector-based gene therapy for SCID X1 solely resulted in long-term T cell defect correction. Therefore, the enhancement of mild myeloablation such as that done for gene therapy of ADA deficiency might favor the engraftment of the transduced HSCs, so that the differentiation of B-cells as well as NK cells would be enhanced. So far, fourteen kinds of SCID have been found. Most of the SCID types are inherited in a recessive manner. To name a few, are X-linked SCID, Adenosine Deaminase Deficiency SCID, IL7R Deficiency SCID, and RAG-1 AND RAG-2 Deficiency SCID among others.

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Moreover, the LV vectors developed from HIV are tenfold more effective than γRV in transducing the HSCs. Therefore, the LV vectors, usage was anticipated to enhance the transduction of more HSCs as compared to the previous trials. This aforementioned understanding of the diseases and treatment modalities will show robust growth in the future.

Key Takeaways from the Market Study:

• The global gene therapy for SCID market is projected to grow at a robust CAGR and could reach  US$ 2.0 billion by 2034
• Europe will hold the majority of market share in the future.
• Predominating market players include Orchard Therapeutics plc, Boston Children’s Hospital, and the University of California Los Angeles.

“Partnership and Collaboration in Developing Disease Specific Gene Therapy to Gain Traction in the forecast period,” says a Fact.MR analyst.

Leading Players Driving Innovation in the Gene Therapy for SCID Market:

Key players in the gene therapy for SCID market are Orchard Therapeutics plc., OSR and Telethon, Jasper Therapeutics, Inc., Graphite Bio, Inc., Mustang Bio Inc., University of California San Francisco, Genethon SA, Boston Children’s Hospital, Shenzhen Geno-Immune Medical Institute, University College London, University of California Los Angeles, and The National Institute of Allergy and Infectious Diseases.

Market Development:

An efficient and safe gene therapy approach has been identified for two SCIDs and WAS after 20 years. Gene therapy has shown very positive effects in the cure of SCID patients. This process includes introducing a viral vector into the patient’s HSCs where the faulty gene is inserted and further becomes part of the person’s DNA and subsequently, the corrected cells are brought back into the body. It has been applied successfully for the cure of X-linked SCID individuals and ADA-deficient SCID.

However, some of the initial (first) attempts were not without problems like graft failures and other side effects that accompanied insertions of vectors including lymphoproliferation, and leukemias, particularly in X-SCID cases. To minimize these risks, some modifications have been implemented in the construction of retroviral vectors.

Pharmaceutical companies and non-profit agencies/organizations have been working together for gene editing therapy or cure of diseases. These collaborations and partnerships illustrate mutual commitment towards developing innovative therapeutic interventions that hold great promise in enhancing an individual’s quality of life with suitable treatment and screening modalities that are likely to benefit from gene replacement therapies.

• For instance, the San Raffaele Telethon Institute for Gene Therapy (SR-Tiget) where Telethon and Ospedale San Raffaele joined hands to develop Strimvelis gene therapy. It was then further advanced by GSK through the partnership that was initiated in the year 2010 between GSK, OSR, and Telethon. These collaborative strategies have further resulted in the approval of Strimvelis as well as a pipeline of more ex vivo gene therapies for treating diseases like MLD and WAS. That is why in the case of Libmeldy, a treatment option for the management of MLD in development, could be a telling example for looking for a practically applicable solution to the primary problem.

FDA has been supporting manufacturers to produce or gain interest in orphan drugs like OTL-101 which is an investigational autologous ex vivo lentiviral hematopoietic stem cell-based gene therapy for AD-SCID. OTL-101 has been designated with breakthrough therapy in the rare disease field which is FDA and EMA regulated and has received a Rare Pediatric Disease Designation from the FDA.

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Gene Therapy for SCID Industry News:

• The successful transfer of the marketing authorisation for Strimvelis, the gene therapy approved by the European Medicine Agency in 2016 for the treatment of adenosine deaminase severe combined immunodeficiency (ADA-SCID), was announced today in September 2023 by Orchard Therapeutics, a global gene therapy company, and Fondazione Telethon, a significant Italian biomedical charity organisation.
• A research and clinical partnership for the treatment of X-SCID was announced in February 2021 by Graphite Bio, Inc., a biotechnology company that develops gene-editing therapies to treat or cure serious diseases, and Jasper Therapeutics, Inc., a biotechnology company that develops blood stem cell therapies to cure a variety of diseases.

More Valuable Insights on Offer:

Fact.MR, in its new offering, presents an unbiased analysis of the global gene therapy for the SCID market, presenting historical data for 2019 to 2023 and forecast statistics for 2024 to 2034.

Checkout More Related Studies Published by Fact.MR Research: 

Gene Therapy Market: The global gene therapy market size is calculated at a value of US$ 10.34 billion in 2024. Increasing cases of rare diseases is contributing to the rising need for cell and gene therapies. Expanding at a CAGR of 14.1%, the market is forecasted to reach US$ 38.52 billion by the end of 2034.

Hemophilia Gene Therapy Market: The global market for hemophilia therapy is at present valued at USD 330.9 Million in 2022. The market is anticipated to reach a market size of USD 12,337 Million by end of the forecast period i.e. by 2032. The market is likely to grow with a CAGR of 43.6% in the forecast period.

Bio-identical Hormones Replacement Therapy Market: The global bio-identical hormones replacement market value accounts for USD 36,059.24 million in 2022. This market is expected to grow at a CAGR of 5.1% from 2022 to 2032. The valuation of the bio-identical hormones replacement segment is expected to surpass the value of USD 59,298.50 Million by 2032.

Hormone Replacement Therapy Market: The global hormone replacement therapy market size is projected to increase from a value of US$ 22.5 billion in 2023 to US$ 43.7 billion by the end of 2033, expanding at a CAGR of 6.8% through the study period of 2023 to 2033.

MRI-guided Radiation Therapy Systems Market: The global MRI-guided radiation therapy systems market stands at a valuation of US$ 545.1 million in 2023 and is expected to secure a revenue of US$ 2.89 billion by the end of 2033. This Fact.MR study predicts that worldwide sales of MRI-guided radiation therapy systems will rise at a prolific 18.1% CAGR over the next ten years.

About Us: 

Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning.

With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.  

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Delray Beach, FL, Nov. 13, 2024 (GLOBE NEWSWIRE) — The global Latent TB Testing market is projected to grow from USD 582.5 million in 2024 to USD 773.4 million by 2029, demonstrating a robust CAGR of 5.8%. The latent TB testing market is expanding due to the growing incidence of tuberculosis worldwide and the increasing need for early detection as well as preventive interventions. The traditional tuberculin skin tests have limitations, and the problem of false positives increases with the widespread use of BCG vaccination, which has fueled the increased use of more precise diagnostics such as interferon gamma release assays (IGRAs). This is coupled with the increasing TB elimination programs led by governments, public health initiatives, and the intensified further demand for adequate testing methods in high-burden countries. Increased awareness among healthcare providers and the increased risk groups, such as people living with immunodeficiency diseases, for example, individuals with HIV, increases the need for better diagnostics. Increased financial and regulatory support also makes these diagnostics more accessible to the general population. All these factors promote steady growth in the latent TB testing market.

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A significant technological shift which could redefine the business landscape in the latent TB testing market, is the growing interest in developing and refining IGRA tests. IGRA presents more significant advantages than tuberculin skin tests because these are more accurate and sensitive, especially for populations immunized with BCG vaccine. As the global healthcare systems advance towards precision diagnostics, the need for IGRAs is also on the rise because these tests are more sensitive and specific and can be completed in a single patient visit. In addition, advancements in the IGRA test platforms, such as automation, continue to make tests more accessible and scalable for deployment in both high-burden and resource-limited settings. This shift will, therefore, lead towards greater market growth driven by more reliable, faster, and easier use of testing methods and the entry of new players to the market and existing companies to invest much heavily in IGRA technology.

Based on test type, the latent TB testing market is segmented into tuberculin skin test (TST) and interferon gamma release assay (IGRA). The IGRA test segment is expected to be the fastest-growing segment in the market. The high growth rate of this segment is mainly due to its relatively higher specificity compared to the tuberculin skin test, especially for populations vaccinated with BCG, and minimization of false positives. Apart from this advantage, IGRA tests are also convenient as they require only one patient visit when compared to TST, which needs follow-up. The need for more precise and efficient diagnostic instruments, particularly in high burden areas and among immunocompromised patients, further expands the use of IGRA tests.

Categorized by application, the latent TB testing market is segmented into household contacts with pulmonary TB, people living with HIV, and other applications. The application segment growing at the highest rate in the latent TB testing market is likely to be the segment of household contacts with pulmonary TB. People living close contact with another suffering from active pulmonary TB are more likely to get infected, making regular screening of such individuals a priority for the TB control programs. The government and other international health organizations have increased efforts, screening, and treating these high-risk groups in such a way that any latent infection can be diagnosed and managed before turning into active TB. Better diagnostic technologies, including interferon gamma release assays that have been proven to be far more accurate and convenient than the existing techniques, also aid in the detection of latent TB cases in household contacts. Thus, the shift towards preventive care, increased funding, and support for TB control have driven the testing efforts in the population, leading to rapid growth in this application segment.

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The key players in this market are QIAGEN (Netherlands), Revvity (US), Beijing Wantai Biopharmaceutical Co., Ltd. (China), Sanofi (France), Endo, Inc. (US),  bioMérieux  (France), SD Biosensor, INC. (South Korea), Lionex GmbH (Germany), Serum Institute of India Pvt. Ltd. (India), ARKRAY, Inc. (Japan), Zhi Fei Biological (China), AID Autoimmun Diagnostika GmbH (Germany), Boditech Med Inc. (South Korea), Bioneovan Co., Ltd (China), and Biopanda Reagents Ltd (UK).   The market players have adopted various strategies such as development of advanced products, partnerships, expansions, and acquisitions to strengthen their position in the latent TB testing market. The organic and inorganic strategies have helped the market players expand globally by providing advanced latent TB tests.

QIAGEN is an innovator of sample technologies. The company provides product ranges for the isolation of genomic and viral nucleic acids, DNA cleanup after PCR, sequencing, and library preparation in sequencing applications. The company’s significant global presence gives it a robust platform to enhance penetration in emerging markets and global reach in more geographies. It also maintains this competitive advantage with dynamic research and development activities ascribed to effective supply chain management. The company also adopts several organic growth strategies, including the introduction of new products and obtaining relevant regulatory approvals. For instance, in February 2023, QIAGEN’s QuantiFERON-TB Gold Plus tuberculosis blood test received the CE-marking in the European Union under its 2017/746 In Vitro Diagnostic Medical Devices Regulation (IVDR). Such strategic steps of the company have helped the company to maintain continuous leadership in the latent TB testing market.

Revity is a leader in health science solutions, technologies, expertise, and services that work within more specialized lines such as translational multi-omics technologies, biomarker identification, imaging, prediction, screening, detection, diagnosis, informatics, and more. It has a large distribution network in North America, Europe, Asia Pacific, and Latin America, Middle East & Africa that facilitates the company to enhance its global supply chain that will enable them for sustainability in offering their services. The company has made heavy investments in research and development in pursuing continuous innovation and product development. The company also focuses on long-term value creation, organic growth opportunities, and strategic investments in the growth strategy through the diversification of its capabilities along with improving the customer experience. The company adopts organic strategies that cover product launches and acquiring regulatory approvals to sustain its presence in the market.

Beijing Wantai Biopharmaceutical Co., Ltd. is among the leading manufacturers of diagnostics for infectious diseases in China and a global leader in the diagnosis of Hepatitis E. Other diagnostic tests developed by the company include but are not limited to ELISA, rapid tests, PCR, CLIA, and confirmation tests. With strong and focused R&D under its wing, the company is specialized in enzyme immunoassay, chemiluminescence, nucleic acid diagnosis, and producing monoclonal/polyclonal antibody. Its eminent presence in the diagnostics industry comes strongly from leading national research initiatives and rapid commercialization of innovative scientific research. These strengths have played a significant role in enabling the company to achieve a prominent position in the latent TB testing market.

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Luton, Bedfordshire, United Kingdom, Nov. 13, 2024 (GLOBE NEWSWIRE) — Reed sensors are increasingly popular due to their simplicity, reliability, and low cost. These sensors also offer the advantage of zero power consumption, making them ideal for use in harsh environments. They are utilized across various sectors such as telecommunications, automotive, consumer electronics, safety and security, healthcare, construction, robotics, and automation.

A major driver for market growth is the widespread adoption of reed sensors in low-power metering applications. These sensors are used in products like electricity and heat meters, where they track the rotation of a magnet attached to a shaft. The meter converts each rotation into an electrical signal. In 2023, the global market for smart meters (which includes gas, water, and electricity meters) was valued at approximately $25 billion and is projected to grow at a CAGR of around 8-10% by 2028. The low power consumption of reed sensors makes them ideal for use in these types of systems, which require minimal energy to operate.

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The rise of industrial automation, coupled with Industry 4.0, further accelerates the demand for reed sensors. For instance, global shipments of industrial robots reached around 500,000 units in 2021, and this number is expected to grow by 15% annually over the next few years. Reed sensors are essential in systems like hydraulic or pneumatic cylinders used for position sensing, thanks to their high-speed capabilities, reliability, and compatibility with programmable logic controllers (PLCs) and microcontrollers.

However, the reed sensor market faces challenges, particularly concerning the durability and reliability of reed switches. These switches are prone to breakage during installation, and issues such as contact bounce and limited operational lifespan due to their mechanical nature can hinder their use in some applications. Despite these drawbacks, the market for reed sensors is expected to expand steadily, with growth driven by their ability to perform well in low-power, harsh environments.

The automotive sector holds a significant share in the reed sensor market, driven by several factors:

1. Rising Demand for Safety Features: As the number of light commercial vehicles increases and road accidents remain prevalent globally, there is a growing demand for safety features, especially in mid-level vehicles. Countries have implemented safety regulations, leading to the integration of advanced safety systems in cars, which include reed sensors. For instance, the global automotive safety systems market was valued at approximately $46 billion in 2023, with continued growth expected.
2. Early Brake Sensing in Collision Avoidance: Reed sensors play a crucial role in passive safety systems by detecting brake application, alerting drivers about potential collisions. These sensors are used in collision avoidance systems, which are becoming standard in many vehicles to improve safety ratings and reduce accidents.
3. Airbag Deployment: Modern vehicles are equipped with multiple airbags to protect both passengers and pedestrians during a crash. Reed sensors are used to detect the location of passengers and trigger airbags only in the appropriate areas. This ensures that airbags are deployed safely and effectively, contributing to both driver and passenger safety.
4. Thermal Protection in Engine Compartments: Reed sensors are also used to detect high temperatures in vehicle engines. For example, thermal reed sensors can be mounted on engine blocks to monitor temperature, providing alerts on the instrument panel. When the temperature rises to a certain level, the reed sensor can activate the radiator fan to cool the engine, and when the temperature drops, it cuts off the supply to prevent unnecessary power consumption. This helps in preventing engine overheating, a critical safety concern.
5. Increasing Vehicle Production: With the rise in vehicle production, especially light commercial vehicles, the demand for reed sensors is expected to increase. As of 2023, global vehicle production was estimated at 85 million units, and this number is projected to continue rising, pushing the demand for sensors that contribute to vehicle safety.

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The Asia-Pacific region plays a key role in the growth of the reed sensor market, driven by established industries in electronics and automotive manufacturing across countries like China, Taiwan, South Korea, and India.

1. China: With major manufacturing hubs like Shanghai and Beijing, China is a dominant force in both the automotive and electronics industries. These regions lead the production of automobiles, communication equipment, and electronics, which significantly boosts the demand for reed sensors, particularly in automotive safety systems and smart technologies.
2. South Korea: The rise of the smart home industry in South Korea further contributes to market expansion. Companies in South Korea have already deployed smart home systems in thousands of apartment units, such as in the Hillstate apartment clusters in Seoul and Pyeongtaek. This growing demand for smart home devices and remote monitoring systems is creating new opportunities for reed sensor applications in home security and automation.
3. India: In India, government initiatives aimed at advancing robotics, particularly for military purposes, are driving demand for reed sensors. By 2023, India was preparing to deploy advanced robotic soldiers, with several robotics companies working on applications like robotic arms and visual indicators that rely on reed sensors. The increasing use of reed sensors in robotics, automation, and defense technologies will further fuel market growth in the region.

 Reed Sensor Industry Overview

The reed sensor market is moderately competitive, with some major players holding substantial market share, while numerous local manufacturers are also producing these sensors. The competition within this market is expected to increase as new players and local companies enter the industry. Notable key players include Littlefuse, Standex Electronics, and PIC GmbH, who contribute significantly to the sector’s growth.

• April 2018: Standex Electronics, a prominent global electronics component manufacturer, showcased its diverse range of sensors, including reed sensors, at the Sensors Expo and Conference held in San Jose, California. The company highlighted its capabilities in providing both standard and custom sensor products, including reed switches, conductivity sensors, capacitive sensors, and Hall effect sensors. Standex also expressed plans to develop more advanced reed switch and sensor products in the future to cater to evolving market demands.

Use of reed sensors in automotive industry drives global reed sensor market

Reed sensors are integral to the smooth functioning of various vehicle systems, contributing to both reliability and safety across automotive applications. These sensors are widely used in many automotive components due to their low power consumption and long lifespan. Some of the key applications include:

• Sun Visors: Reed sensors are used to detect the position of sun visors, ensuring proper functionality.
• Early Brake Sensing: Reed sensors are deployed to alert drivers about potential collisions during brake application.
• Exhaust Emission Sensing: These sensors help monitor emissions, contributing to cleaner vehicles.
• Power Windows & Fuel Cap Positioning: Reed sensors track the position of power windows and the fuel cap for optimal performance.
• Anti-lock Braking System (ABS): Used in ABS to ensure the proper function of braking mechanisms.
• Coolant Flow & Fluid Level Monitoring: Reed sensors are used to monitor coolant flow and fluid levels, preventing engine damage.
• Accidental Airbag Deployment Prevention: Reed sensors ensure airbags deploy only when necessary.
• Cruise Control & Power Steering: These sensors help in controlling vehicle speed and steering, enhancing driving safety and convenience.

With the growing demand for advanced safety features and fuel efficiency, the automotive industry’s rapid expansion is a significant driver of the reed sensor market. These applications, along with the increasing demand for electric and autonomous vehicles, continue to foster the need for reliable sensor solutions.

 Key Players in the Reed Sensor Industry

• Littelfuse, Inc.
• Standex Electronics, Inc.
• TE Connectivity
• HSI Sensing
• PIC GmbH
• Coto Technology
• Pickering Electronics
• Aleph America
• S.t.g. Germany GmbH
• Magnasphere
• Littelfuse, Inc.
• Standex Electronics, Inc. (Standex International Corporation)
• PIC GmbH
• Aleph America Corporation
• STG Germany GmbH
• Coto Technology
• Reed Switch Developments Corp.
• ZF Group
• Reed Relays and Electronics India Limited
• WIKA Instruments India Pvt. Ltd.

Key Developments in the Reed Sensor Market

• Standex Electronics (May 2024) – The company launched the MK33 SMD reed switch series, optimized for switching high power in a compact form. This series provides improved performance in various industries, including automotive​.
• Standex Electronics (February 2024) – Standex completed the acquisition of Sanyu, a strategic move aimed at expanding its reed sensor technology portfolio, particularly for applications in transportation and automotive sectors​.
• Littelfuse (October 2024) – Littelfuse introduced the RCMP20 Residual Current Monitor Series designed for EV charging stations. This product enhances safety and performance with a large current transformer aperture and improved thermal management​.
• TE Connectivity (October 2024) – TE Connectivity announced advancements in reed sensor integration for smart home systems, enhancing security and automation. These sensors are also being adapted for healthcare applications​.
• Littelfuse (July 2024) – Littelfuse launched a new series of mini reed sensors designed for lower power consumption, enhancing their applicability in automotive and consumer electronics​.

Segmentation Analysis of the Reed Sensor Market

By Mounting Type:

• Panel Mount
• Surface Mount
• Thread Mount
• Screw Mount
• Others

By Contact Position:

By Industry Vertical:

• Automotive
• Electronics & Communication
• Healthcare
• Industrial
• Construction & Security
• Others

By Region:

• North America
• Europe
  • Germany
  • United Kingdom
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World
  • Latin America
  • Middle-East & Africa

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Rockville, MD, Nov. 13, 2024 (GLOBE NEWSWIRE) — According to Fact.MR, a market research and competitive intelligence provider, the global Hybrid Dairy Products Market is estimated to reach a valuation of US$ 10,934.4 million in 2024 and is expected to grow at a CAGR of 7.2% during the forecast period of (2024 to 2034).

By creatively fusing traditional dairy with cutting-edge plant-based substitutes, hybrid dairy products are radically changing consumer preferences and the structure of contemporary diets. Hybrid choices provide the best of both components—delicious flavours combined with greater health benefits—as health-conscious people seek out nutritional diversity progressively. With regard to issues like lactose intolerance, dietary restrictions, and ethical considerations, this emerging market serves a broad range of preferences.

A greater understanding of nutrition motivates people to give priority to health-promoting functional foods. Given their potential to improve gut health and general well-being, hybrid dairy products enhanced with probiotics, vitamins, and minerals are gaining traction. Also, social media’s influence magnifies food trends by encouraging customers to investigate a wide range of visually appealing and varied options, which encourages them to experiment more with hybrid dairy products.

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The attraction of hybrid dairy products is further enhanced by recent developments in food technology. Companies are using cutting-edge techniques to enhance flavour and consistency, creating products that combine plant-based ingredients with the luscious creaminess of dairy. Hybrid dairy products represent a move towards a more inclusive food culture as they continue to gain popularity. The market grows with every new product introduction, providing delectable choices that complement the varied dietary landscape of today. This change promotes a healthier, more sustainable future in food consumption in addition to meeting the changing tastes of customers.

Key Takeaways from Market Study:

• The global Hybrid Dairy Products market is projected to grow at 7.2% CAGR and reach US$ 21,915.1 million by 2034 The market created an opportunity of US$ 3,369.7 million growing at a CAGR of 6.1% between 2019 to 2024

• North America is a prominent region that is estimated to hold a market share of 3% in 2034 Predominating market players include Danone, and Nestlé Non-Dairy Additives under Ingredients is estimated to grow at a CAGR of 8.9% creating an absolute $ opportunity of US$ 4,763.1 million between 2024 and 2034

• North America and East Asia are expected to create an absolute $ opportunity of US$ 6,983.6 million collectively from 2019-2034.

“With so many new and fascinating possibilities available, hybrid dairy inventions are taking over the market and changing consumer preferences. These distinctive products create a vibrant landscape of flavours that appeal to a variety of lifestyles by combining traditional dairy with plant-based components, which appeals to both health enthusiasts and experimental consumers.” says a Fact.MR analyst.

Leading Players Driving Innovation in the Hybrid Dairy Products Market:

Some of the leading providers of hybrid dairy products market are Danone; Nestlé General Mills; Lactalis American Group, Inc.; Kraft Heinz; Saputo Cheese USA Inc.; Arla Foods; Fage International; Müller UK & Ireland; Stonyfield Farm, Inc.; Chobani, LLC; Tillamook; Käse; Other Prominent Players

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Market Development:

In an increasingly competitive industry, companies selling hybrid dairy products are using a range of approaches and innovations to grab consumer attention and increase their market share. A key approach involves product diversity, whereby firms present a wide array of hybrid products, such as lactose-free alternatives, plant-based yoghurts, and enhanced milks. Their diverse range of dietary options targets the lactose intolerant, vegans and health mindful consumers helping the companies attract and retain more customers.

Influencer collaborations and social media marketing strategies are becoming indispensable tools in product advertising targeting the youth demographic. Building ties with customers through impactful storytelling that emphasise the fusion of flavours, sustainable sourcing, and health advantages has become crucial for every brand.

Hybrid Dairy Products Industry News & Trends:

• Under the brand name REMIX, Danone North America unveiled a wide variety of yoghurts and dairy snacks with mix-ins to satiate snacking cravings in April 2024. The new REMIX collection features three brands: Oikos, Too Good & Co., and Light + Fit.
• Nestlé Lindahls, Lactalis Nestlé’s high-protein dairy brand, continued to expand its Kvarg line in September 2024 by launching a new Caffè Latte flavor in the UK. The flavor was chosen through an Instagram contest run in partnership with Asda. The new product complements the product line’s current flavors, which include White Chocolate, Vanilla, and Raspberry.

More Valuable Insights on Offer:

Fact.MR, in its new offering, presents an unbiased analysis of the global Hybrid Dairy Products market, presenting historical data for 2019 to 2023 and forecast statistics for 2024 to 2034.

The study reveals essential insights on the basis of the product type (Cheese Products, Yogurt Products, Milk Products, Frozen Dairy Products, Butter Blends, Cream and Creamers, and Others), ingredients (Traditional Dairy Ingredients, Non-Dairy Additives, and Nutritional Enhancements), Packaging Type (Single-Serve Packets, Multi-Serve Containers, and Bulk Packaging) across major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia, and Pacific, Middle East & Africa).

Discover Additional Market Insights from Fact.MR Research:

Plant-based Dairy Market is expanding from an estimated US$ 14.7 billion in 2024 to a colossal US$ 36.69 billion by 2034, fueled by an impressive CAGR of 9.6%.

Fortified Dairy Products Market is expected to grow exponentially. APEJ is the largest market for fortified dairy products over the forecast period.

Protein Frozen Dessert Market is anticipated to grow at a CAGR of 11% in the forecast period. European markets hold about three-quarters of the market share.

Dairy Nutritional and Nutraceutical Ingredient Market is projected to increase from a valuation of US$ 20.21 billion in 2024 to US$ 38.12 billion by 2034.

Functional Dairy Ingredient Market expects to reach US$ 417.16 billion by 2032 at a 7.5% CAGR. Europe holds 23.4% of functional dairy ingredients market.

About Us:

Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.

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Luton, Bedfordshire, United Kingdom, Nov. 13, 2024 (GLOBE NEWSWIRE) — The aerospace sector has grown significantly as demand for air travel has increased, resulting in more aircraft orders worldwide. To accommodate increased demand while adhering to tight safety and quality requirements, aircraft manufacturers have shifted away from conventional manufacturing methods and toward more automated, robotic-assisted production processes. This change is motivated by the desire to retain high precision, reduce mistakes, and shorten manufacturing timeframes. Robotic systems are designed to conduct repeated activities while producing reliable and accurate outcomes. These systems regulate the motions involved in the manufacturing process, including as direction, speed, and distance, to ensure product quality and efficiency.

Aerospace robotics is changing how airplanes and spacecraft are conceived, produced, serviced, and operated. Robots in manufacturing execute high-accuracy jobs such as assembling, welding, and material handling, which improves safety and quality. When it comes to maintenance, inspection drones and robotic crawlers provide extensive examinations of aircraft engines and surfaces, reducing the time needed for repairs and maintenance. Robotic systems are crucial in space exploration for duties such as satellite maintenance and scientific expeditions to distant planets, which contribute to the growth of space science. Overall, these robotic technologies help to improve operational efficiency, reduce human error, and minimize costs in aircraft situations.

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COVID-19’s Influence on the Aerospace Robotics Industry

The COVID-19 epidemic substantially impacted the aerospace robotics business, delaying the availability of critical materials and components. Travel restrictions and staff shortages caused transit delays, affecting manufacturing and supply networks. Many firms had difficulties as their assembly lines either ran at reduced capacity or were temporarily stopped down.
While the aerospace robots sector has had challenges, the long-term drivers for this technology remain robust. Prior to the epidemic, the market showed indications of recovery, which is projected to continue as the sector stabilizes. Some enterprises proceeded with product releases and tests, while others had to postpone or cease operations.

In March 2020, the National Association of firms (NAM) conducted a poll that found that nearly 80% of firms expected a financial effect from the pandemic. Furthermore, manufacturing employment, which rely primarily on onsite labor, were struck especially severely since the nature of the task is non-remote. Reduced worldwide demand for industrial products exacerbated the sector’s woes.

Aerospace Robotics Market Dynamics

Driver: Rising Labor Costs

In the aerospace sector, increasing labor costs are pushing manufacturers to seek competitive solutions. While robotics require high upfront investment, the long-term savings are significant. Robots can replace many manual tasks, reducing the need for labor-related expenses such as wages, benefits, and insurance. In the long term, robotics often prove to be more cost-effective compared to maintaining a large workforce, with potential savings of up to 30-40% on labor costs, depending on the scale of implementation.

Restraints: Shortage of Skilled Operators

A major limitation to the adoption of robotics in aerospace manufacturing is the shortage of skilled labor to operate these advanced systems. Aerospace robotics requires highly trained technicians who not only know how to operate the robots but also how to troubleshoot and maintain them. The complexity of these systems means that operators need expertise in both robotics and the software that runs them. With the demand for skilled technicians outpacing supply, companies are finding it challenging to adopt robotics fully. Estimates suggest that the demand for skilled robotics technicians is expected to grow by more than 10% annually, further exacerbating the skills gap.

Opportunities: Human-Robot Collaboration

Collaborative robots (cobots) are increasingly becoming a game-changer in aerospace manufacturing. These robots work alongside human workers, enhancing productivity by taking over repetitive, precision-based tasks, while humans handle more complex, adaptable tasks. This collaboration improves both efficiency and safety. The introduction of cobots in aerospace manufacturing is seen as a significant opportunity, with the market for cobots projected to grow by approximately 15-20% annually, contributing to the overall robotics market expansion.

Challenges: High Initial Investment Costs

While robotics offer long-term cost savings, the initial investment can be substantial. The cost of setting up robotic systems for aerospace manufacturing can range between $150,000 and $200,000 per robot, depending on the complexity and specific requirements of the application. This includes not only the purchase of the robot itself but also the necessary software, controllers, and integration costs. Maintenance and skilled labor are also ongoing expenses. Despite these initial costs, manufacturers are moving towards automation due to the long-term efficiency gains and reduction in operational costs, especially as aircraft production demands increase.

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Aerospace Robotics Market Segments

1. Robot Type: Traditional Robots Traditional robots are expected to experience significant growth from 2021 to 2026. These robots are highly automated, programmable, and capable of moving along three or more axes, making them ideal for various industrial applications, including welding, painting, assembly, and product inspection. In 2020, about 1.64 million industrial robots were deployed globally for a range of operations, according to the International Federation of Robotics (IFR). Articulated robots, a subset of traditional robots, are commonly used in aerospace due to their versatility in performing tasks like welding, painting, and inspection. These robots provide high-speed, precise, and agile movements, which make them suitable for complex aerospace manufacturing.
2. Component: End Effector The end effector segment is projected to register the highest growth from 2021 to 2026. End effectors, also known as End of Arm Tooling (EOAT), are critical tools attached to robotic wrists that allow robots to perform specific tasks. These tools can range from mechanical to electrical devices, with customized designs to meet specific industrial needs. The growing demand for multi-functional, hybrid end effectors is driving innovation, as companies seek to develop tools that can perform multiple tasks such as suction and grasping in a single unit. This trend is contributing to the rapid adoption of end-effectors in various aerospace applications.
3. Application: Handling The handling segment is expected to dominate the aerospace robotics market due to its ability to enhance production line efficiency. Material handling robots automate tedious and repetitive tasks, which increases productivity and ensures timely delivery of quality products. These robots are essential in various applications such as part selection, transferring, palletizing, packing, and machine loading. With the integration of appropriate end effectors (such as grippers), handling robots efficiently move materials from one location to another, significantly improving the overall manufacturing process in aerospace.

Aerospace Robotics Market Growth by Region

From 2021 to 2026, the aerospace robotics market in Asia-Pacific is expected to develop the most. This expansion is being led by important firms such as Commercial Aircraft Corporation of China, Ltd. (COMAC), which is upgrading its aircraft assembly and manufacturing lines to satisfy rising aircraft demand. Furthermore, the area benefits from local manufacturers supplying aircraft robotics systems at lower prices than worldwide competitors, which accelerates market growth.

India also makes a substantial contribution to the Asia-Pacific aerospace robotics industry. The country’s domestic aviation business is thriving, thanks to government attempts to boost the aircraft manufacturing sector. A significant policy shift, such as allowing 100% Foreign Direct Investment (FDI) in the aerospace and military sectors, is luring foreign firms. These programs not only boost indigenous production but also allow for technology transfer from Western countries.

Key Players:

• ABB Group (Switzerland)
• Electroimpact Inc. (The U.S.)
• Fanuc Corporation (Japan)
• Gudel AG (Switzerland)
• Kawasaki Robotics (The U.S.)
• KUKA AG (Germany)
• Oliver Crispin Robotics Ltd. (The U.K)
• TAL Manufacturing Solutions Limited India (India)
• Universal Robotics A/S (Denmark)
• Yaskawa Electric Corporation (Japan)

Market Segmentations:

Aerospace Robotics Market by Solution

• Traditional robots
• Collaborative robots

By Component

• Controller
• Sensor
• Drive
• End effector

By Application

• Drilling & Fastening
• Non-destructive testing & Inspection
• Welding & soldering
• Sealing & dispensing
• Processing
• Handling
• Assembling & disassembling

By Payload

• up to 16.00 kg
• 16.01–60.00 kg
• 60.01–225.00 kg
• More than 225.00 kg

Aerospace Robotics Market By Region

• North America
• Europe
• Asia Pacific
• Middle East
• Rest of the World

Recent Developments

• AI and Autonomous Robotics Integration: In January 2023, Robotics in aerospace is increasingly being enhanced by artificial intelligence (AI). In particular, autonomous systems are now used in both land and sea operations, reducing the risks faced by military personnel and improving mission effectiveness. These AI-driven systems assist in tasks such as landmine clearance, explosive ordnance disposal, and surveillance​.
• Sustainable Aviation Technologies: In September 2022, Aerospace robotics are playing a crucial role in advancing sustainable aviation efforts, such as in the production of Sustainable Aviation Fuel (SAF). Robotics are employed in production lines to reduce waste and improve energy efficiency, aligning with the industry’s decarbonization efforts.
• Additive Manufacturing for Aerospace Components: In August 2022, the defense sector has increasingly relied on 3D printing for rapid production of aircraft and defense components, including aerospace robotics. This technology allows for the creation of lightweight, cost-effective parts that are both durable and quick to produce​.
• Advanced Robotic Solutions in Aircraft Manufacturing: In April 2022, Companies like KUKA and ABB have been enhancing their robotic systems for assembling aircraft components, significantly improving production speeds and precision. This trend is also seen in the commercial sector, such as Ford’s use of 500 robots in their Cologne plant to assist with the construction of electric car bodies​.
• Digitalization and Automation in Aerospace Production: In October 2021, Companies like TP Advanced Manufacturing are integrating robotics to streamline material flow in production facilities. These automated systems improve both manufacturing efficiency and safety in the production of aerospace components​.
• Robotics for Subsea Inspections: In May 2021, Kawasaki Heavy Industries developed SPICE, the world’s first autonomous underwater vehicle (AUV) equipped with a robotic arm. This innovative solution is used for subsea pipeline inspections, showcasing how robotics can enhance operational capabilities in challenging environments​.

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