The synthetic biology market was valued at USD 22.47 billion, in 2018. The market is expected to register a growth rate of 34.91% over the forecast period. The primary drivers for the market include increasing support from government and private institutions and increasing R&D investments in drug discovery and development. Based on the product, the market was dominated by the enabled product in 2018. The fastest growing subsegment over the forecast period, under the product segmentation, was estimated to be enabled products. The enabled product sub-segment is expected to register a CAGR of 35.19% over the forecast period.

Mechanization in the agricultural sector has already transformed the high-income countries. Additionally, the adoption rate of mechanization in the agricultural sector in the emerging markets, (includesAfrican countries, ASEAN countries, and other developing countries) has been gradually increasing. Some of the major factors driving the demand for mechanization are rapid urbanization, growth of medium-sized farms, and rising rural wages and seasonal labor shortages.  The rising demand for mechanization and the increased number of medium-scale farmers are the primary factors that have created a demand for tractor hiring in Ghana and other African countries, majorly in south of the Sahara. This allows tractor owners to fully utilize their machines, while providing services to farmers who can not afford their own tractors.

The global tuna and algae omega-3 ingredients market has evolved significantly over the past few years. Omega-3 deficiency remains a major health issue across the world. Hence, major companies involved in the production and manufacturing of omega-3 ingredients are either making strategic technological innovations or are up holding attentive attitude toward extension of their product lines. Some of most recent examples of technological and product innovations are:

Ultrafast or ultrashort pulse lasers have become essential manufacturing tools across industries, such as automotive, medical device, and consumer electronics, owing to the advantages, such as enhanced dimensional accuracy and tighter tolerances, and elimination of post-processing steps.

The UAV market is growing at a sharp pace, globally. The use of UAVs are increasing, irrespective of the end use. The UAV industry has grown at such an amazing rate, that it is almost impossible to count or describe all the applications that have become normal practices pertaining to the same. The military segment is now the largest revenue share holder in the market studied, with UAVs being procured aggressively by various militaries, globally.

The used car market in the country is growing rapidly. The main reason for the same has been the advent of organized players in the market, which has taken care of the trust deficit, plaguing the Indian used car market for ages. A decade ago, almost all of the sales in the Indian used car market took place in the unorganized sector. Sellers would pass substandard products to the buyers. Thus, most people preferred to buy cars in their family and friends circle, and from acquaintances.

The demand for vegetable seeds, especially in the developing countries such as China and India are still untapped and provides the multinational corporations various opportunities for expansions and wide customer base. Countries are shifting toward the adoption of high-quality seeds, due to the export potential of vegetable seeds in the global market. For instance, adoption of high-yielding variants is on the rise in India, due to the export potential.

Globally, the emerging and expanding hemp market has impacted the agricultural and retail markets around the world. Hemp is a fast-growing and environmentally friendly crop with a low cost of production. As an agricultural commodity, hemp is grown for seeds, fibers, and flowers and also as a multi-crop. Hemp belongs to the family and genus of Cannabis, the same as marijuana.

The adoption of single-use technology has proven to be a robust, scalable, and reliable form of sources from lab-scale to cGMP production applications, such as flexible contaminant, single-use bioprocessing equipment, and single-use filtration assemblies. Hence, the use of single-use technologies in virus filtration helps to marginally reduce the risk of cross-contamination, increasing the safety profile of the manufacturing process.

Visible light communication (VLC) systems are being developed to be used for creating ultra high-speed, secure, and biologically friendly communication networks that allow the creation and expansion of seamless computing applications. The opportunities for the visual light communication technology have increased further, owing to the limited radio frequency spectrum that puts constraints on the increasing demand for ubiquitous connectivity and high capacity.