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Following the news that the US Air Force (USAF) will reportedly hold a loyal wingman competition in 2024; Harry Boneham, Aerospace Analyst at GlobalData, a leading data and analytics company, offers his view: “Reports that the USAF is advancing its development of manned-unmanned teaming (MUM-T) capabilities come as little surprise, as the USAF has been […]
Russian PCR systems market to shrink by 44% in 2022 to $17.81 million due to technology sanctions and supply chain issues, says GlobalData
Sanctions placed on Russia since the start of its conflict with Ukraine have had a huge impact on some vital medical supplies as the country imports 64% of its medical equipment. Leading data and analytics company GlobalData reveals that the Russian market for polymerase chain reaction (PCR) systems, which are used to test for diseases, […]
Saudi Arabia card payments market to grow at 13.6% CAGR between 2022 and 2026, forecasts GlobalData
The Saudi Arabian card payments market is expected to grow at a strong compound annual growth rate (CAGR) of 13.6% between 2022 and 2026 to reach SAR822.1 billion ($219.2 billion) in 2026, forecasts GlobalData. According to the leading data and analytics company, growth will be driven by consumers’ increasing preference for electronic payments, a surge in […]
UK packaging market to grow by 1.3% CAGR between 2021–26 driven by rigid plastics, forecasts GlobalData
The UK packaging market is set to grow at a compound annual growth rate (CAGR) of 1.3% from 109.9 billion units* in 2021 to 117.4 billion units in 2026, forecasts GlobalData. According to the leading data and analytics company, rigid plastics and rigid metal will be the winning packaging materials during the forecast period, with significant usage […]
US’ AT4CS RS systems order to replace the 6,000 units sent to Ukraine will boost the country’s weapon reserves, says GlobalData
Following the news that the US has ordered Carl-Gustaf ammunition and AT4CS RS systems from Saab; Madeline Wild, Aerospace, Defense & Security Analyst at GlobalData, a leading data and analytics company, offers her view: “Lightweight, easy to use, and reliable, the AT4 has a strong record of success in the US Armed Forces. The type […]
Boots’ value range is necessary to retain customers amid the cost-of-living crisis, says GlobalData
Following the launch of Boots’ new own-label value range; Juliet Cuell, Retail Analyst at GlobalData, a leading data and analytics company, offers her view: “Boots’ launch is well timed and will ensure it remains a market leader. It will also ensure that the company will not lose out to rival discounters including Savers, Aldi and […]
Inflation, geopolitical events continue to challenge post-COVID-19 recovery of healthcare systems, observes GlobalData
Increasing inflation and the cost of living crisis, fueled by the COVID-19 pandemic and geopolitical events such as the ongoing Ukraine conflict, continue to challenge the pharmaceutical supply chains and the healthcare revenue cycle, observes GlobalData, a leading data and analytics company. A poll by GlobalData found that 31% of people believe that supply chains […]
13 of top 20 biopharmaceutical companies by revenue reported more than 10% YoY revenue growth from 2020 to 2021, finds GlobalData
Last year was a positive year for biopharmaceutical companies, particularly those with COVID-19 vaccines. The majority of the top 20 innovative biopharmaceutical companies reported an increase in their revenue in 2021, with an aggregate revenue of $846.8 billion and a growth of $166.4 billion over 2020, according to GlobalData, a leading data and analytics company. […]
Canada expected to miss its 2035 clean electricity goals, says GlobalData
Canada is expected to fall short of its 2035 clean electricity target, according to GlobalData, after reviewing the country’s current renewable capacity activity. The leading data and analytics company notes that the country was targeted to produce nearly 100% of its electricity from zero-emitting sources by 2035, however, the country is adding only 2.6 GW […]
UK August car market is calm before the storm, says GlobalData
Following the release of data today by the Society of Motor Manufacturers and Traders (SMMT), showing that the UK new car market was up in August (at +1.2%) for the first time since February; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view: “Annual market growth – however slight […]
T-Mobile’s latest network testing offer highlights how eSIM is changing the competitive landscape, says GlobalData
Following the news that T-Mobile US has introduced Easy Switch, Network Pass, and Network Scorecard to encourage potential customers with eSIM-enabled phones to switch to its network; Tammy Parker, Principal Analyst at GlobalData, a leading data and analytics company, offers her view: “Growing eSIM adoption by phone makers such as Apple and Samsung foreshadows a new […]
Australians training on HMS Anson creates further opportunity for UK defense in the APAC region, says GlobalData
Following the news that Australian submariners will train on a new British nuclear submarine; James Marques, Associate Aerospace, Defense and Security Analyst at GlobalData, a leading data and analytics company, offers his view: “The AUKUS security pact between Australia, the UK and the US is growing, with Australian sailors attending the commission of HMS Anson at Barrow-in-Furness Shipyards, the […]
Asia to dominate global styrene capacity additions through 2026, says GlobalData
Asia is likely to dominate the global styrene capacity additions with a capacity of 8.16 million tons per annum (mtpa) by 2026, says GlobalData. According to the leading data and analytics company, China accounts for 69% of the region’s capacity additions and is expected to lead styrene capacity additions among Asian countries. GlobalData’s report, ‘Styrene […]
US active jobs declined by 3% in July 2022, as job closures outpaced new postings, finds GlobalData
US active jobs (available for application) in July 2022 declined by 3% month-on-month (M-o-M), with job closures outpacing new postings, according to GlobalData’s Job Analytics Database. The leading data and analytics company found that there were around 2.9 million active jobs among the 16,000 companies it tracks, while new postings were around 1.2 million. Multiple […]
T-Mobile and SpaceX’s plan for remote US coverage is important but not a mobile industry gamechanger, says GlobalData
Following the news that T-Mobile and SpaceX have created a technology alliance to provide satellite-based mobile phone connectivity using T-Mobile’s mid-band spectrum across the US; Tammy Parker, Principal Analyst at GlobalData, a leading data and analytics company, offers her view: “The agreement between T-Mobile and SpaceX is a milestone in enabling emergency communications from remote […]
VC investments totalling $14.8 billion were made in the blockchain sector in 2021, as companies continue to focus on IT solutions built on the technology, finds GlobalData
Venture capital (VC) investments in the blockchain sector increased from $2.1 billion in 2020 to an impressive $14.8 billion in 2021, as both companies and investors are eager to develop IT solutions built on blockchain technology despite the lack of regulatory framework, says GlobalData, a leading data and analytics company. GlobalData’s Deals Database reveals that North […]
Black participants represented only 3% of cancer clinical trial participants between 2013 and 2022, finds GlobalData
Diversity within pharmaceutical studies continues to be a problem across a wide variety of clinical trial sectors, with industry sponsors and pivotal studies particularly experiencing issues, says GlobalData. When looking specifically at oncology, the leading data and analytics company found that Black participants are severely underrepresented in these studies, only accounting for 3% of the […]
Mexico’s defense budget will weather strained US relations to reach $8.8 billion by 2027, says GlobalData
Mexico’s defense industry has been closely intertwined with the US for many years with political changes in both states testing the resolve of their cooperation. As a result of this, Mexico’s defense budget is expected to grow from $6.9 billion in 2022 to $8.8 billion in 2027, according to GlobalData, a leading data and analytics […]
Lockheed Martin delivers HELIOS laser weapons systems to US Navy as US and Russia spearhead deployment of high-energy lasers, says GlobalData
Lockheed Martin’s successful delivery of the first production model of the High Energy Laser with Integrated Optical-dazzler and Surveillance (HELIOS) to the US Navy marks an important strategic milestone in the global race to develop and deploy directed energy weapons (DEW), says GlobalData, a leading data and analytics company. Tristan Sauer, Land Domain Analyst at […]
Axsome Therapeutics’ Auvelity will experience strong uptake globally by 2029 and reach $1.3 billion sales, forecasts GlobalData
Following the news that Axsome Therapeutics’ Auvelity (dextromethorphan + bupropion) has been approved by the FDA for the treatment of major depressive disorder (MDD) in adults; Pippa Salter, Senior Neurology Analyst at GlobalData, a leading data and analytics company, offers her view: “Auvelity’s rapid onset of action will provide a major breakthrough to the MDD […]