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Record Investments Needed in Renewable Tech and Mining to Hit Global Emission Targets

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3 weeks ago

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USA News Group News Commentary 

Issued on behalf of Battery X Metals Inc.

VANCOUVER, BC, Nov. 1, 2024 /PRNewswire/ — Within one of its recent reports, the World Economic Forum is warning that while governments around the world are pushing for a clean energy transition, rising and demand for and limited supply of critical materials could hamper this process. This is echoed by the International Energy Agency in a report that highlights a need global critical materials trade, as well as massive increases needed in deployment of Solar PV, Batteries, and other Green Tech by 2035 to achieve net zero emissions by 2050. To help the cause, experts at the Center on Global Energy Policy of Columbia|SIPA is calling for strengthening the US EV battery recycling industry to onshore critical material supply. Full-scale efforts to support the energy transition are underway, led by innovation in battery materials tech, electric vehicles (EVs), and even powering artificial (AI) data centers, with recent developments coming from: Battery X Metals, Inc. (CSE: BATX) (OTCQB: BATXF), Rivian Automotive, Inc. (NASDAQ: RIVN), Amprius Technologies, Inc. (NYSE: AMPX), Lifezone Metals Limited (NYSE: LZM), and Advanced Energy Industries, Inc. (NASDAQ: AEIS).

The article continued: According to BloombergNEF, the mining industry needs $2.1 trillion dollars in new investment by 2050 to meet net-zero demands for raw materials. Earlier in October, the U.S. Department of Energy (DOE) announced a $1.5 billion investment in four important transmission projects.

Battery X Metals Announces Advancements in Eco-Friendly Lithium-ion Battery Material Recovery Technology with Global Top 20 University Partnership

Battery X Metals, Inc. (CSE: BATX) (OTCQB: BATXF), a clean energy technology and exploration company, focused on developing proprietary technologies to extend the lifespan of electric vehicle (EV) batteries, recover battery-grade materials from end-of-life lithium-ion batteries, and exploring battery and critical metal resources, recently announced significant advancements by its wholly-owned subsidiary, Battery X Recycling Technologies Inc., in developing sustainable technology for recovering battery-grade materials from end-of-life lithium-ion batteries. These advancements are in collaboration with a Global Top 20 University as part of an ongoing research partnership.

The partnership has led to promising results in optimizing battery-grade graphite recovery from lithium-ion battery black mass using Battery X’s proprietary froth flotation process. These trials have been instrumental in refining the technology to recover battery-grade materials such as graphite, lithium, nickel, and cobalt from black mass, advancing both technological development and process design.

“Our progress in developing proprietary eco-friendly technology is a significant step forward in sustainable battery recycling, particularly by addressing graphite recovery, which is often overlooked in conventional methods,” said Massimo Bellini Bressi, CEO of Battery X Metals. “The positive preliminary results from our collaboration with a Global Top 20 University highlights our potential to meet the increasing demand for battery materials in a sustainable way. We look forward to advancing this partnership, validating our technology, applying for provisional patents, and ultimately exploring strategic opportunities to license our technology to industry partners.”

In controlled laboratory tests, the Global Top 20 University conducted multiple experiments to optimize black mass flotation in a Denver Cell with a 500g sample size for each experiment, assessing various frother and collector dosages across single- and multi-stage flotation protocols. Initial single-stage tests focused on frother-only trials to stabilize bubbles, followed by adding a collector to enhance graphite’s hydrophobicity. The frother-alone trials produced dark froth that lightened over time, while the addition of a collector created a more stable, thicker froth, extending flotation duration and enhancing graphite separation.

Multi-stage flotation protocols with adjusted frother and collector dosages further refined the separation process. Multi-stage flotation showed that each stage’s froth thinned and lightened over time, with flotation effectively concluding more rapidly.

Preliminary assays confirmed that the black mass sample used in the experiments consisted of approximately 45% graphite, with oxides and phosphates comprising the remainder. Initial separation tests successfully floated approximately 45% of the black mass sample (mainly graphite), while oxides and phosphates remained in the tailings, underscoring the efficiency of the flotation process in isolating battery-grade graphite, a fundamental component to lithium-ion anodes. These promising results serve as a baseline for validating the recovery technology.

Battery X and the Global Top 20 University have made strides in process design through lab-scale trials, demonstrating that multi-stage flotation achieves more efficient material separation than single-stage methods. Trials incorporated varied reagent dosages to stabilize froth formation, maximize graphite yield, and manage oxide and phosphate separation in specific stages. Ongoing R&D efforts focus on consistent trial results that align with industry metrics, providing a solid foundation for future potential scalability.

Battery X and the Global Top 20 University intend to conduct comprehensive chemical assays to quantify graphite recovery rates, assess material purity, and verify oxide and phosphate separation.

With the current black mass sample primarily oxide-based, the next phase will focus on validating oxide and phosphate recovery, testing additional surfactants in dedicated flotation stages for future patent applications and commercial use.

To further support this phase, Battery X plans to provide the Global Top 20 University with phosphate-based black mass samples to test in tandem with its existing oxide-based sample. Upon successful validation Battery X and the Global Top 20 University plan to pursue provisional patents to secure IP for these advancements, with the Battery X’s future business strategy centered on licensing this IP to battery recyclers with existing infrastructure, aiming to establish itself as a downstream technology partner with a low-capex, scalable model.

CONTINUED… Read this and more news for Battery X Metals at https://usanewsgroup.com/2024/10/26/seize-visionary-opportunities-in-ev-battery-recycling-and-lifespan-extension-technology/

Other recent industry developments and happenings in the market include:

Rivian Automotive, Inc. (NASDAQ: RIVN), an American EV manufacturer, recently released its Q3 2024 production and delivery figures, with an update to its 2024 annual production outlook. In the quarter, Rivian produced 13,157 vehicles at its manufacturing facility in Normal, Illinois and delivered 10,018 vehicles during the same period.

However, within the report, Rivian said that the company is experiencing a production disruption due to a shortage of a shared component on the R1 and RCV platforms. The supply shortage impact began in Q3 of this year, became more acute in the weeks prior to the press release, and continues. As a result of the supply shortage, Rivian is revising its annual production guidance to be between 47,000 and 49,000 vehicles. Rivian is also reaffirming its annual delivery outlook of low single digit growth as compared to 2023, which it expects to be in a range of 50,500 to 52,000 vehicles.

Amprius Technologies, Inc. (NYSE: AMPX), a leader in next-generation lithium-ion batteries with its Silicon Anode Platform, recently announced it has its production with new lines supporting its high-performance silicon anode battery platform, SiCore™, launched in January. This boost allows Amprius to ramp up capacity to 800 MWh for SiCore pouch cells, meeting growing demand. Shipments started in October 2024, including a $20 million order for Light Electric Vehicles.

“With this expanded contract manufacturing arrangement, we’ve secured gigawatt-hour-scale production capacity for SiCore silicon anode batteries across our key partnerships,” said Dr. Kang Sun, CEO of Amprius Technologies. “This strategic expansion enables us to deliver the high-performance silicon batteries that our customers rely on to power their most advanced electric mobility applications.”

Lifezone Metals Limited (NYSE: LZM), a supplier of lower-carbon and sulfur dioxide emissions to the battery storage, EV, and hydrogen markets, recently announced the signing of a Memorandum of Understanding (MOU) with Japan Organization for Metals and Energy Security (JOGMEC) to support JOGMEC’s efforts to secure cleaner metals from the Kabanga Nickel Project, one of the world’s largest and highest-grade undeveloped nickel sulfide deposits with byproduct copper and cobalt, for the Japanese battery industry. By utilizing Lifezone’s Hydromet technology, the Project is expected to significantly reduce emissions compared to traditional smelting methods.

“Kabanga is a world-class, high-grade nickel deposit and we welcome the opportunity to bring on JOGMEC as a strategically aligned partner,” said Chris Showalter, CEO of Lifezone. “With BHP as our project development partner, Societe Generale as our Lead Financial Advisor for the project financing process, the support of the U.S. International Development Finance Corporation and the Government of Tanzania, and now strategic cooperation with JOGMEC, we see a clear indication of intent to drive this globally significant project forward to the benefit of all partners and stakeholders.”

Advanced Energy Industries, Inc. (NASDAQ: AEIS), a leader in precision power tech, recently showcased its ultra-efficient power supplies, shelves, and converters for enterprise and hyperscale data centers at the Open Compute Project (OCP) Global Summit. To meet the power demands of high-density AI servers, Advanced Energy showcased its ORv3 5.5kW HPR power supply unit (PSU), delivering near 98% peak efficiency. This PSU optimizes power for GPU-heavy applications, reducing strain on data centers’ AC infrastructure with a higher power factor for dynamic loads.

“Over the past seven years, our involvement in the OCP Community has allowed us to advance the industry and introduce best-in-class platforms that have significantly benefited the broader market,” said Brian Korn, vice president of Marketing for Data Center Solutions at Advanced Energy. “Our innovations in density, efficiency and rack-scale power conversion are designed to meet the evolving demands of AI, both for today and the future.”

Source: https://usanewsgroup.com/2024/09/26/profitable-solutions-in-ev-battery-recycling-and-lifespan-extension-technology/ 

CONTACT:

USA NEWS GROUP
info@usanewsgroup.com
(604) 265-2873

DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for Battery X Metals Inc. advertising and digital media from the company directly. There may be 3rd parties who may have shares of Battery X Metals Inc., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. As of October 31, 2024, the owner/operator of MIQ holds 680,000 shares of Battery X Metals Inc., comprising 500,000 shares acquired directly from the company and the remainder purchased on the open market. We reserve the right to buy and sell, and will buy and sell shares of Battery X Metals Inc. at any time without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, we currently own shares of Battery X Metals Inc. and will buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. 

While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

View original content:https://www.prnewswire.co.uk/news-releases/record-investments-needed-in-renewable-tech-and-mining-to-hit-global-emission-targets-302294468.html

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Technology

Metro Inc. Prices Aggregate C$500 Million Senior Unsecured Notes Offering

Published

49 minutes ago

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November 25, 2024

By

/NOT FOR DISSEMINATION IN THE UNITED STATES/

MONTRÉAL, Nov. 25, 2024 /CNW/ – METRO INC. (“Metro”) today announced the pricing of a private placement offering of C$500 million aggregate principal amount of 3.998% Series L Senior Unsecured Notes due November 27, 2029 (the “Series L Notes”). The Series L Notes will carry a coupon of 3.998% and were priced at $1,000 per $1,000 principal amount, for an effective yield of 3.998% per annum if held to maturity. Metro intends to use the net proceeds of the offering for the repayment of the 1.922% Senior J Notes due December 2, 2024, the repayment of indebtedness incurred under its revolving credit facility and for general corporate purposes.

BMO Capital Markets, National Bank Financial Markets and Desjardins Securities Inc. are acting as co-lead managers and joint-bookrunners for the offering and CIBC World Markets Inc., RBC Capital Markets, Scotia Capital Inc., TD Securities Inc. and Casgrain & Company Limited are acting as co-managers.

The Series L Notes will be direct unsecured obligations of Metro and will rank pari passu with all other unsecured and unsubordinated indebtedness of Metro.

The Series L Notes are being offered in Canada on a private placement basis in reliance upon exemptions from the prospectus requirements under applicable securities legislation and have been assigned provisional ratings BBBH (stable), by DBRS Limited, and BBB by Standard & Poor’s Ratings Services.

Closing of the offering is expected to take place on November 27, 2024, subject to customary closing conditions.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offering, solicitation or sale would be unlawful.

The Series L Notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered, sold or delivered in the United States of America or its territories or possessions or to U.S. persons except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to an exemption therefrom. The information in this press release is not complete and may be changed. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the Series L Notes in the United States.

About METRO Inc.

With annual sales of more than $20 billion, METRO Inc. is a food and pharmacy leader in Québec and Ontario, providing employment to more than 97,000 people. Its purpose is to Nourish the health and well-being of our communities. As a retailer, franchisor, distributor, manufacturer, and provider of eCommerce services, the company operates or services a network of some 980 food stores under several banners including Metro, Metro Plus, Super C, Food Basics, Adonis and Première Moisson, and 640 pharmacies primarily under the Jean Coutu, Brunet, Metro Pharmacy and Food Basics Pharmacy banners. For more details, visit corpo.metro.ca and follow the latest news on LinkedIn.

Forward–Looking Statements

This press release contains forward-looking statements which reflect management’s expectations related to expected future events including, but not limited to, statements relating to the closing of the proposed offering of Series L Notes and the intended use of net proceeds therefrom. This forward-looking information typically contains future or conditional tense verbs and the words “should”, “anticipate”, “believe”, “estimate”, “intend”, “expect”, “may”, “will”, “potential”, “plan”, “project” or other similar terms. These forward-looking statements are not facts, but only reflections of management’s estimates and expectations. Although Metro believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a number of factors that could cause actual results to differ materially from management’s expectations as set forth in such forward-looking statements for a variety of reasons, including market and general economic conditions and the risks and uncertainties discussed in the “Risk Management” section in disclosure materials filed from time to time with Canadian securities regulatory authorities. The closing of the proposed offering of Series L Notes is subject to customary closing conditions and there can be no assurance that the proposed offering of Series L Notes will be completed or that the terms of the proposed offering of Series L Notes will not be modified.

The forward-looking statements included in this press release are made only as of the date hereof and Metro does not undertake to publicly update these forward-looking statements to reflect new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events contained in these forward-looking statements may or may not occur. Metro cannot assure that projected results or events will be achieved.

SOURCE METRO INC.

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Technology

Semiconductor Market in Military & Aerospace to Grow by USD 3.02 Billion (2024-2028), Aircraft Modernization Driving Growth, AI Transforming Market Trends – Technavio

Published

49 minutes ago

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November 25, 2024

By

NEW YORK, Nov. 25, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global semiconductor market in military and aerospace industry size is estimated to grow by USD 3.02 billion  from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  5.56%  during the forecast period. Increased upgrading and modernization of aircraft is driving market growth, with a trend towards growing use of UAVS. However, high cost associated with manufacturing  poses a challenge.Key market players include Advanced Micro Devices Inc., AKHAN Semiconductor Inc., AMS Technologies AG, Broadcom Inc., Digitron Semiconductors, Foundaries Inc., Infineon Technologies AG, Intel Corp., Microchip Technology Inc., Micron Technology Inc., Micross Inc., Northrop Grumman Corp., ON Semiconductor Corp., Qualcomm Inc., Raytheon Technologies Corp., Samsung Electronics Co. Ltd., SEMICOA, Semtech Corp., Skyworks Solutions Inc., Taiwan Semiconductor Manufacturing Co. Ltd., Teledyne Technologies Inc., Texas Instruments Inc., Toshiba Corp., and Vishay Intertechnology Inc..

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Semiconductor Market In Military And Aerospace Industry Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.56%

Market growth 2024-2028

USD 3.02 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

5.36

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

North America at 40%

Key countries

US, China, India, Germany, and France

Key companies profiled

Advanced Micro Devices Inc., AKHAN Semiconductor Inc., AMS Technologies AG, Broadcom Inc., Digitron Semiconductors, GlobalFoundaries Inc., Infineon Technologies AG, Intel Corp., Microchip Technology Inc., Micron Technology Inc., Micross Inc., Northrop Grumman Corp., ON Semiconductor Corp., Qualcomm Inc., Raytheon Technologies Corp., Samsung Electronics Co. Ltd., SEMICOA, Semtech Corp., Skyworks Solutions Inc., Taiwan Semiconductor Manufacturing Co. Ltd., Teledyne Technologies Inc., Texas Instruments Inc., Toshiba Corp., and Vishay Intertechnology Inc.

Market Driver

The semiconductor market in the military and aerospace industry is witnessing significant growth due to increasing defense expenditure and modernization. Microchips and integrated circuits (ICs) made of silicon, germanium, compounds, and gallium arsenide are in high demand for defense applications. N-type and P-type semiconductors are used in various systems, including border security solutions, UAVs (drones), and the Rafale fleet. Government sector spending on defense and space activities is driving the market. Radiation-tolerant components are essential for space-hardened microprocessors to withstand the harsh space environment and its effects, such as particle and electromagnetic radiation, electronic noise, and signal spikes. The communications sector, consumer automotive sector, and electronic devices sector are also contributing to the semiconductor market’s growth. CAES (Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance) systems require advanced semiconductor technology. Military and aerospace applications, such as satellite launches and space activities, require semiconductors with short lead times and reasonable acquisition costs. The semiconductor market’s future growth will depend on the development of radiation-tolerant components and the integration of semiconductors into various systems, including pilots, Boeing 757s, 767s, display screens, and logistics and aid packages. Global security, information security, and the increasing use of connected devices and electronic devices also present opportunities for the semiconductor market. However, challenges such as hacking incidents and the need for secure systems remain. 

The military and aerospace industry is witnessing significant growth in the adoption of Unmanned Aerial Vehicles (UAVs), also known as drones. These remotely controlled aircraft are increasingly used for various applications beyond military use, such as logistics and disaster relief. For instance, the United Arab Emirates is testing drones for firefighting and drug delivery. India is investing heavily in UAVs for military border security surveillance, with plans to purchase hi-tech drones like the MQ-9B from the US. UAVs offer cost-effective, efficient, and flexible solutions for various applications in the military and aerospace sectors. 

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Market Challenges

The semiconductor market in the military and aerospace industry faces unique challenges due to the specific requirements of these sectors. Microchips and integrated circuits (ICs) must be able to withstand extreme conditions, such as those found in the space environment. Pure elements like silicon, germanium, compounds, and gallium arsenide are used to create N-type and P-type semiconductors for defense applications. Government sector spending on military expenditure, defense modernization, and CAES drives demand for semiconductors in this industry. Semiconductors are essential for various sectors, including communications, electronic devices, and the military. Challenges include radiation effects from particle and electromagnetic radiation, electronic noise, and signal spikes. Space-hardened microprocessors are crucial for border security, terrorism prevention, and UAV solutions, such as those used in the Rafale fleet and F4 standard missiles. Semiconductor manufacturers must produce radiation-tolerant components to meet these demands. Lead time and acquisition cost are critical factors in the semiconductor market. Semiconductors are used in various applications, from Boeing 757s and 767s to display screens, UAVs, logistics, aid packages, museums, and global and information security. Semiconductors also play a role in satellite launches and space activities. Hacking incidents and connected devices add to the need for semiconductor solutions.The semiconductor market in the military and aerospace industry is capital-intensive, similar to the automotive sector. Establishing new semiconductor factories entails a substantial investment, with facility costs being a significant expense. The price of the building is a crucial factor. Manufacturing equipment is another substantial expenditure. Early semiconductor companies, like Motorola, would manufacture their equipment and produce chips. However, as technology advanced, this practice became less common. The high cost of both facilities and equipment necessitates ongoing investment to remain competitive in these industries.

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Segment Overview 

This semiconductor market in military and aerospace industry report extensively covers market segmentation by  

Product 1.1 Memory1.2 Logic1.3 MOS microcomponents1.4 Analog1.5 OthersApplication 2.1 Defense2.2 AerospaceGeography 3.1 North America3.2 APAC3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Memory-  Semiconductor memory plays a crucial role in the military and aerospace industry due to the increasing use of processors in various devices. Random Access Memory (RAM) and Read-Only Memory (ROM) are the primary types of semiconductor memory. RAM is a volatile memory that provides temporary storage for program codes and data, while ROM is a non-volatile memory that saves data permanently. The introduction of advanced technologies, such as programmable read-only memory (PROM) and dynamic random-access memory (DRAM), has expanded the memory options. The military and aerospace industries are witnessing significant technological advancements, with global semiconductor manufacturers launching new processors for high-reliability applications. For instance, Teledyne e2v HiRel Electronics’ partnership with Integra Technologies Inc. To introduce 100V GaN/SiC RF power technology for aerospace and defense applications will further increase the demand for memory semiconductors. Additionally, the integration of technology in military weapons, such as Intelligun’s fingerprint-locking system, and the growing use of the Internet of Things (IoT) in the aviation and military sectors will propel the demand for memory chips in the industry.

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Research Analysis

The semiconductor market in the military and aerospace industry is driven by the demand for advanced electronic systems in defense modernization and space exploration. Microchips and integrated circuits (ICs) made from pure elements like Silicon, Germanium, and compounds such as Gallium arsenide are essential for creating N-type and P-type semiconductors. The government sector is a significant consumer, with military expenditure fueling the demand for semiconductors in various applications. The communications sector, electronic devices sector, and consumer automotive sector also contribute to the market growth. The military and aerospace industry requires semiconductors that can withstand extreme conditions, such as those found in space. CAES (Computer Aided Engineering Systems) are used to design space-hardened microprocessors that can resist radiation effects and particle radiation in the space environment. Military applications include border security, terrorism detection, and UAV solutions, while defense budgets fund research and development of advanced technologies like Scalp missiles and the Rafale fleet’s F4 standard engines. The semiconductor industry continues to innovate to meet the unique demands of the military and aerospace sector.

Market Research Overview

The semiconductor market plays a crucial role in the military and aerospace industry, supplying microchips and integrated circuits (ICs) made of various elements such as silicon, germanium, compounds, gallium arsenide, and others. N-type and P-type semiconductors are essential for creating electronic systems for defense applications. The government sector, defense modernization, and military expenditure drive the demand for semiconductors in this industry. Military and aerospace applications require semiconductors that can withstand harsh environments, including space-hardened microprocessors for satellite launches and space activities. Radiation effects, including particle radiation, electromagnetic radiation, electronic noise, and signal spikes, are significant challenges for semiconductors in these applications. The military and aerospace industry’s semiconductor market caters to various sectors, including communications, electronic devices, border security, terrorism prevention, and UAV solutions. Semiconductors are used in defense systems, military aircraft like the Rafale fleet, and civilian aircraft such as Boeing 757s and 767s. They are also essential for display screens, logistics, aid packages, and museums. The semiconductor market for military and aerospace applications faces challenges such as long lead times and high acquisition costs. However, the growing need for global and information security, including protection against hacking incidents and connected devices, continues to drive demand for advanced semiconductor solutions.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductMemoryLogicMOS MicrocomponentsAnalogOthersApplicationDefenseAerospaceGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

Fantasy Sports Market to Grow by USD 9.72 Billion (2024-2028), Driven by Launch of Fantasy Sports Apps, AI Driving Market Transformation – Technavio

Published

49 minutes ago

on

November 25, 2024

By

NEW YORK, Nov. 25, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global fantasy sports market size is estimated to grow by USD 9.72 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 7.05% during the forecast period. Launch of various apps for fantasy sports is driving market growth, with a trend towards use of fantasy sports for brand promotion. However, uncertain future of fantasy sports and ill effects of gaming on health poses a challenge. Key market players include APKMozo.com, Blitz Studios Inc., Dream Sports, FantasyPros.com, Fantrax, Flutter Entertainment Plc, Fox Corp., GamesKraft Technologies Pvt. Ltd., GDC Media Ltd., Head Digital Works Pvt. Ltd., i3 Interactive Inc., MyTeam11, NFL Enterprises LLC, Paramount Global, Playerzpot Media Pvt Ltd, Premier League Ltd., RealTime Fantasy Sports Inc., Sachar Gaming Pvt. Ltd., Sorare, and Yahoo.

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Product (Fantasy soccer, Fantasy baseball, Fantasy basketball, Fantasy football, and Others), Platform (Mobile application and Website), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

APKMozo.com, Blitz Studios Inc., Dream Sports, FantasyPros.com, Fantrax, Flutter Entertainment Plc, Fox Corp., GamesKraft Technologies Pvt. Ltd., GDC Media Ltd., Head Digital Works Pvt. Ltd., i3 Interactive Inc., MyTeam11, NFL Enterprises LLC, Paramount Global, Playerzpot Media Pvt Ltd, Premier League Ltd., RealTime Fantasy Sports Inc., Sachar Gaming Pvt. Ltd., Sorare, and Yahoo

 

Key Market Trends Fueling Growth

The Fantasy Sports Market is experiencing significant growth, with popular sports leagues and tournaments like the NFL, Premier League, IPL, and more driving fan engagement. Fantasy sports platforms are thriving in the online gaming sector, thanks to high-speed internet and mobile applications. Football, baseball, basketball, hockey, cricket, and other sports are all represented in this industry. Trends include daily fantasy contests, virtual trading, and fan interaction through social media. New technologies like virtual reality (VR) and augmented reality (AR) are also gaining traction. However, online gambling and sports betting remain controversial. Key players include Reignmakers and Fantasy Football, offering NFT-based games and premium subscriptions. The market is expanding into new areas like soccer, FIFA, and various other sports. The mobile application sector is booming, with secure payment methods and blockchain-based apps ensuring safety. Software engineers, data scientists, and cyber security professionals are in demand to develop user-friendly interfaces and ensure fair gameplay. Internet penetration and sports tech are driving growth, with advertising, in-app purchases, and sponsorships providing revenue streams. Despite challenges, the future looks bright for this dynamic industry. 

Many major brands have adopted fantasy sports as a marketing strategy. Unilever, for example, launched the Dove Men+Care fantasy football hub, offering exclusive football recommendations and advice from ESPN analysts to consumers. Toyota secured advertising space for the Yahoo fantasy football league recaps. Hilton introduced a free-entry fantasy racing contest for members of its hotel chains. These companies utilize fantasy sports to target high-income consumers aged 25 to 50 years. Global brands leverage this platform to boost their brand visibility and customer engagement. 

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Market Challenges

The Fantasy Sports Market is a thriving industry that allows fans to engage with their favorite sports leagues and tournaments, such as the NFL, Premier League, IPL, and more, through fantasy sports platforms. With the rise of high-speed internet and online gaming, fans can now participate in daily fantasy contests for football, baseball, basketball, hockey, cricket, and other sports from anywhere. Fantasy sports platforms offer user-friendly interfaces, social interaction, and virtual trading. The market includes mobile applications, eSports, and even NFT-based games like Reignmakers and Fantasy Football. The online gaming business is growing, with secure payment methods, blockchain-based apps, and fantasy chatbots. However, it’s important to note that illegal sports betting and online gambling are not part of this market. The market includes freemium models, in-app purchases, advertising, and premium subscriptions. The sports tech sector is driving innovation with software engineers, data scientists, and cyber security professionals. The market’s growth is fueled by increasing sports viewership, sponsorships, and internet penetration. The mobile application sector, including sensor tower, plays a significant role in the market’s success. Virtual reality (VR) and augmented reality (AR) are also emerging trends.The fantasy sports market experiences continuous evolution, with companies like FanDuel and DraftKings emerging as major players, generating substantial revenues. However, their business practices faced scrutiny in 2015 due to allegations of illegal gambling. This incident led regulators and lawmakers to intervene, ensuring consumer protection and fair distribution of profits. It is essential to acknowledge potential health risks associated with fantasy sports, such as gaming addiction causing physical inactivity and related health issues, including carpal tunnel syndrome, headaches, migraines, sleep disturbances, and chronic back pain.

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Segment Overview 

This fantasy sports market report extensively covers market segmentation by

Product 1.1 Fantasy soccer1.2 Fantasy baseball1.3 Fantasy basketball1.4 Fantasy football1.5 OthersPlatform 2.1 Mobile application2.2 WebsiteGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Fantasy soccer- Fantasy soccer is a popular game where participants build teams of real-life soccer players and earn points based on their actual on-field statistics. This game involves selecting eleven players for four positions. Soccer’s global appeal fuels the fantasy soccer market’s growth. Notable leagues include Draft Fantasy Football, McDonald’s FIFA World Cup Fantasy, Fantasy Premier League, and UEFA Champions League Fantasy Football. Players can make transfers before the season, with a cap on the number during the season. Some websites offer unlimited transfers but deduct points. Player performance determines transfer fees. The increasing viewership on various media platforms, such as the internet and mobile, is expected to boost the segment’s expansion in the global fantasy sports market during the forecast period.

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Research Analysis

The Fantasy Sports Market is experiencing exponential growth, fueled by the increasing popularity of sports leagues and tournaments across the globe. NFL, Premier League, IPL, and various other leagues have a massive fan base, driving the demand for fantasy sports platforms. High-speed internet and smartphones have made online gaming more accessible than ever before. The market size is projected to expand significantly due to the rise of the Online gaming business. Secure payment methods and the integration of blockchain-based apps ensure a safe and transparent user experience. Fantasy chatbots offer personalized recommendations and real-time updates, enhancing fan engagement. However, the market faces challenges from illegal sports betting and the need for regulatory frameworks. Sports Tech is revolutionizing the industry, with software engineers and data scientists at the forefront of innovation. Baseball, Cricket, Football (rugby), Volleyball, and other sports continue to captivate audiences worldwide, fueling the growth of the Fantasy Sports Market. Internet penetration is a key factor, with more regions embracing digital platforms for sports consumption.

Market Research Overview

Fantasy sports market is experiencing exponential growth, fueled by the popularity of sports leagues and tournaments across the NFL, Premier League, IPL, and more. Fan engagement reaches new heights with fantasy sports platforms, enabling high-speed internet users to enjoy online gaming experiences, including eSports, football, baseball, basketball, hockey, cricket, and more. Gameplay is enhanced through user interfaces, social interaction, and daily fantasy contests, as well as virtual trading and NFT-based games like Reignmakers and Fantasy Football. The mobile application sector is a significant driver, with platforms offering mobile applications and virtual reality (VR) and augmented reality (AR) experiences. Online gambling and sports betting are also integral parts of the fantasy sports ecosystem. However, it’s essential to maintain secure payment methods and adhere to regulations against illegal sports betting. Software engineers, data scientists, and cybersecurity professionals are crucial in developing these innovative platforms, ensuring seamless user experiences and protecting against potential threats. The online gaming business continues to evolve, with freemium models, in-app purchases, advertising, and premium subscriptions driving revenue. Emerging sports like badminton, football (rugby), volleyball, and others are also gaining traction in the fantasy sports world. Internet penetration and the rise of Sports Tech have played a significant role in the market’s growth. As more users access these platforms, the importance of sensor tower data and advertising opportunities increases. The future of fantasy sports lies in the integration of blockchain-based apps, fantasy chatbots, and the potential of in-app advertisements, pay-per-download, and subscription services.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductFantasy SoccerFantasy BaseballFantasy BasketballFantasy FootballOthersPlatformMobile ApplicationWebsiteGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

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