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In the dynamic business landscape, deep tech market intelligence has become essential. The right market intelligence equips organizations with the knowledge and insights to make informed decisions, gain a competitive edge, and drive growth.
By understanding emerging technologies, market trends, and consumer behaviors, companies can strategically position themselves for success. Deep tech intelligence facilitates risk mitigation and guides product development, aids in market entry strategies, and identifies investment opportunities.
Vertical: Advanced Materials, Chemicals and Fuels
Sub-Vertical: Next-Gen Fuel/ Energy Storage Solutions
The wind-assisted propulsion market is an emerging sector within the maritime industry that harnesses wind energy to enhance thrust, thereby increasing energy efficiency. According to BIS Research, the wind-assisted propulsion market is estimated to reach $18.85 billion by 2032, from $15 million in 2022, at a CAGR of 85.85% during the forecast period 2023-2032.
The wind-assisted propulsion market is still in its early commercialization phase, primarily led by Europe, with other regions like Asia-Pacific, North America, and the U.K. showing potential. This technology offers a sustainable alternative to traditional fossil fuel-based propulsion, aligning with global efforts to combat climate change.
The market is segmented by application, technology, installation, vessel, and region. Cargo ships, especially tankers and container ships, are expected to lead in wind-assisted propulsion adoption. Sails represent the dominant technology, while retrofits are more common than new installations.
The wind-assisted propulsion market faces challenges related to weather uncertainties and high initial investment costs. Weather routing algorithms can optimize routes for vessels, but standardization in design and construction is lacking, hindering cost reduction.
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Vertical: Advanced Materials, Chemicals and Fuels
Sub-Vertical: Construction materials
The low-carbon construction material market is poised for growth due to increasing building and construction industry demand. BIS Research forecasts the low-carbon construction material market to reach $578.85 billion by 2032, from $244.96 billion in 2022, at a CAGR of 8.69% within the forecast period 2023-2032.
Essential products include low-carbon aluminum, sustainable steel, recycled plastic, mass timber, and green concrete. The adoption of sustainable low-carbon construction materials is expected to rise in emerging and advanced economies like the U.S., China, India, Italy, France, and the U.K. High prices and uncertain macroeconomic conditions are potential challenges to market growth.
Recent developments in the market include Cemex's record sales of net-zero carbon concrete, CarbonCure's investment to reduce CO2 emissions, SSAB's partnership to identify demands for fossil-free steel, and ArcelorMittal's commitment to carbon-neutral steel production.
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Vertical: BIS Healthcare
Sub-Vertical: MedTech
Drainage systems are vital in removing excess fluids and air from the body, aiding post-surgical recovery and reducing complications. The global medical and surgical drainage system market is expected to grow from $2.46 billion in 2022 to $3.07 billion by 2027 at a CAGR of 4.86%. This growth is attributed to the increasing global surgical volume, technological advancements in drainage systems, and a rising senior population.
The market is segmented by product type (drainage systems and accessories), application (cardiac and thoracic surgery, abdominal, orthopedic, and others), flow type (active and passive), material type (Silastic, rubber, and other materials), and region. The U.S. dominates the market, but China is expected to grow significantly.
Recent developments in the market include funding for innovative drainage systems, acquisitions, distribution partnerships, and regulatory approvals.
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Vertical: Agriculture
Sub-Vertical: AgriTech
Smart vineyard and orchard equipment use advanced technologies to collect data, support decision-making, and automate tasks, enhancing wine and fruit production productivity.
According to BIS Research, the global smart vineyard and orchard equipment market was valued at $3.56 billion in 2022, and it is expected to grow with a CAGR of 9.2% during the forecast period 2023-2028 to reach $5.95 billion by 2028. The increasing need for efficient and sustainable agriculture practices primarily drives this expansion.
Applications of this technology include crop monitoring, harvesting, weeding and spraying, irrigation and fertigation management, and more. Weeding and spraying equipment is expected to dominate the market, especially in regions like the U.K., Europe, and China, where precision agriculture practices are rising. Adopting drones, robots, tractors, and other equipment transforms orchard and vineyard operations, making them more efficient and sustainable.
The key drivers of this market include the need to reduce crop losses, data-driven decision-making, and the growing popularity of organic farming. However, challenges include a lack of standardization and compatibility issues among equipment from different manufacturers.
The market offers opportunities for horizontal integration in farming, affordable small robots for small-scale farmers, and addressing the labor shortage through automation. Advanced technologies such as IoT and AI are revolutionizing agriculture, optimizing resource allocation, and enhancing crop productivity.
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Vertical: BIS Healthcare
Sub-Vertical: MedTech
According to BIS Research, the global biopsy devices market is poised for significant growth, with a projected CAGR of 15.15% from 2023 to 2027, expected to reach $11,869.4 million by 2027. This growth is primarily driven by factors such as the increasing incidence of cancer, leading to a higher demand for biopsy devices, the diverse applications of biopsy procedures beyond cancer diagnosis, and government initiatives promoting early cancer detection. The market is witnessing a shift towards minimally invasive biopsy procedures and improved accuracy and precision in diagnosis, resulting in better patient outcomes.
Biopsy devices have evolved to cater to various medical conditions, and in the era of liquid biopsies, non-invasive and innovative approaches are gaining prominence. Virtual biopsy is one such example, offering the potential for rapid and cost-effective tissue characterization without invasive procedures.
The market offers opportunities in various segments, including liquid biopsy, virtual biopsy, and the adoption of advanced imaging technologies. However, there are challenges, including the risk of infections associated with specific biopsy procedures and the high cost of biopsies.
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BIS Research is a leading provider of premium market intelligence focusing on emerging deep technologies with potential market-disrupting capabilities. We specialize in assessing the viability of technologies in their early stages. Our unique selling point is using secondary research data to estimate market trends, followed by validation from industry experts through primary research.
BIS Research exclusively covers a wide range of technology sectors, including precision medicine, medical devices, AI, IoT, blockchain, and more. Their expertise extends to robotics, aerospace, and agriculture, making them a comprehensive source for cutting-edge market insights.
