Industry, Innovation and Infrastructure (9)

In September 2015, 193 world leaders agreed to 17 Global Goals for Sustainable Development. If these Goals are completed, it would mean an end to extreme poverty, inequality and climate change by 2030.
Goal 9: Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation.

[New] The global Fiber Converter market is valued at USD1220 million in 2019 and is expected to reach USD1580 million by the end of 2024, growing at a CAGR of 4.4% between 2019 and 2024.
[New] While the global aviation industry has committed to improving its fuel efficiency per year from 2009 to 2020 and reduce its net aviation carbon emissions in half by 2050, it remains to be seen whether travellers' mindsets will change.
[New] The number of South African-flagged ships is only expected to reach half a dozen by the end of the year.
[New] Investments in offshore oil will rise in parallel with global crude demand in the coming years.
[New] At least USD1 trillion will have to be mobilized from the private sector, and new mechanisms will be scaled up in 2019 to help de-risk and incentivize more private sector investment, particularly in sustainable infrastructure in frontier markets.
[New] The value of the digital content industry in Thailand this year is expected to reach 33 billion baht, up 10% from 2018 thanks to rising demand for animation and games in the global market as well as business development and promotion by the private sector and state.
[New] Rising number of development infrastructure and satellite advancement is expected to boost the global nanosattelite and microsatellite market during the forecast year.
[New] The US Congressional Research Service has predicted that during the period between 2013 and 2022, the federal government will spend $24.7 billion on subsidies specific to the oil and gas industry.
[New] Oil and gas companies are already in action, using their skills, expertise and resources and developing their energy portfolios in ways that will help move the UK towards net-zero.
[New] This year, investment in blockchain technologies by banks is expected to hit $400 million - with VC funding for blockchain-based start-ups reaching half a billion US dollars four years ago.
[New] An investment worth $1 billion for 100 smart cities over the next five years is expected to be a major enabler for IoT adoption across key industries.
[New] The hospital industry in India is expected to reach $132 bn by 2023 from $61.8 bn in 2017; growing at a CAGR of 16-17%.
[New] In the next 10 years, the digital transformation initiatives will radically alter manufacturing, energy, agriculture, transportation and other industrial sectors of the economy, which together, account for nearly two-thirds of the global gross domestic product.
[New] The worldwide market for Logistics Services is expected to grow at a CAGR of roughly 1.9% over the next five years, will reach US$880 million in 2024, from US$790 million in 2019.
[New] A bill to lower drug costs now under consideration in the Senate is projected to cut revenue from the pharmaceutical industry by $85 billion over the next decade if passed.
[New] The global collagen casings market is expected to witness high growth during the forecast period.
[New] Next year it's predicted that total revenues from sales of cholesterol lowering statin drugs could reach US $1 trillion.
[New] The adoption of blockchain technology could save the healthcare industry up to 100 - $150 billion per year by 2025 in costs related to data breach, information technology costs, operational costs, support function costs and personnel costs, and through a reduction of fraud and counterfeit products.
In terms of value, the Rubidium Frequency Control Devices (RbXOs) industry is expected to register a steady CAGR during the forecast period.
Among other technology segments, the UWB segment is identified as the fastest growing segment and is expected to contribute more than 25% market share by 2024, anticipated to register a growth rate of 28.7% CAGR during the forecast period.
Paraxylene margins turned down again in 2019, and are forecast to fall to a low point in 2020 as the global industry readjusts to China's reduced import demand and high cost competitors are forced to shut their plants.
The global Asthma Spacers market is expected to witness high growth during the forecast period.

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Last updated: 16 September 2019