Valued at USD 31.7 billion in 2025, the market is forecasted to reach USD 49.6 billion by 2033, expanding at a CAGR of 5.9% during the forecast period.

With an estimated valuation of approximately USD 2.3 billion in 2025, the market is expected to reach USD 4.5 billion by 2033, registering a robust compound annual growth rate (CAGR) of 8.9% over the decade.