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According toStatista Market Forecast, the global market for electric vehicles is projected to increase by 9.82% annually from 2024 to 2028, reaching a market volume of $906.7 billion by 2028.
billion by 2028 from $14.55 Growth Opportunities in the VR and AR-MR Market—Forecast to 2028. The post Global Virtual and Augmented-Mixed Reality to Witness 11-fold Growth by 2028 appeared first on Frost & Sullivan. VR/AR-MR hardware and software technologies are the primary gateways to access the metaverse.
The firm predicts that the global market for cobots will see a 22 percent increase in shipments during 2024 and anticipates similar levels of growth (more than 20 percent) each year through to 2028. The firm’s report shares that annual revenue growth for cobots was around 11.9
By 2028, the 40-plus electric vehicle (EV) battery-manufacturing sites in the U.S. could annually output product capable of 1,037 GWh … tracking to increase by twentyfold from the size of the industry just a few years ago, according to the U.S.
This program is also converting 11 existing bus depots in Greater Sydney to battery electric technology, building a new battery electric depot at Macquarie Park and procuring around 1,200 new electric buses by 2028.
expects its digital transformation process to lead to a fully automated line for lights out manufacturing by 2028. With distinct targets related to improving safety and product quality while increasing productivity and reducing scrap, PLZ Corp.
Potential to surpass one million cars and light vans in 2028 if markets improve and model launches stay on track. The latest independent production outlook expects UK car and light van production to be around 839,000 units in 2025 before rising to 930,000 units in 2027, with the potential to get above one million units in 2028, and over 1.1
The forge is set to produce 15,000 rounds each year by 2028, with capacity to produce up to 100,000 for global consumption. Defence will work with Thales as the preferred company to build, establish and commission the forge at the Commonwealth-owned Benalla Munitions Facility. This project is expected to support at least 550 jobs.
An SMMT survey in February 2025 found that fewer than one in four new car buyers intend to buy an electric car by 2028 but two in five electric sceptics could be convinced to switch if government incentives were available, as is the case in most other European markets.
Construction is scheduled to complete in mid-2028. It will utilise green aluminium, produced using energy efficient processes and technologies that use less carbon, resulting in lower emissions.
Reduced demand for gas coupled with high levels of gas storage across Europe should see baseload electricity prices in the UK drop by around 20% over the next four years, energy experts have said.
Collaborative robots (cobots) are the fastest-growing segment of industrial automation with the global market forecasted a skyrocketing 20+ percent growth through 2028.
percent during the forecast period 2022-2028. A 2022–2028 opportunity assessment and a global industry analysis are part of new market research on the industrial robotics market from Future Market Insights. Sales in the global industrial robotics market are expected to total $33.75 The […]
Recent welding workforce data from American Welding Society sheds light on the trends, outlook, and demand for welding-related jobs as 330,000 welders will be needed by 2028.
Image: Quality Stock Arts/stock.adobe.com Premier and minister for Trade and Major Investment, Jeremy Rockliff, has released the Advanced Manufacturing Action Plan 2028 to take the Tasmania ‘s $2 billion Advanced Manufacturing industry to the next level.
Global cobot market revenues are set to increase at >20% a year from 2024 to 2028. Looking to the future, the market intelligence specialist predicts the global market for cobots will see a 22% increase in shipments during 2024 and anticipates similar levels of growth (>20%) each year through 2028.
per year between 2024 and 2028. The average price per unit of an industrial robot is on a downward trajectory, following a rise for two consecutive years, and we expect a price decline of around 3% per year between 2024 and 2028. per year between 2024 and 2028. The industrial robot market is expected to grow by ~3.7%
3 If planned UK zero emission model launches stay on track and consumer demand improves, there is potential to get above one million units in 2028. Manufacturers announced more than £20 billion worth of investment last year to drive their transition to EV production, a massive sum demonstrating the industry’s commitment to net zero.
The capital will be used to help the Company meet surging demand in a market which is expected to reach $50 billion in value by 2028. Aerones, a Latvia-based company specializing in robot-enabled wind turbine maintenance and inspection, has secured $30 million in growth capital to scale its business globally.
Connektica says it is ready to accelerate its commercial expansion with a goal of serving 100 SME customers and achieving $3 million CAD in recurring revenue by 2028. Jrmy Perrin adds: “Weve seen companies develop a competitive advantage by internalizing their supply chain.
billion by 2028. The EV Star platform is a purpose-built, zero-emission cab and chassis with a battery pack of 118 kWh, a range of up to 150 miles and will charge up to 19.2 kW on a standard Level 2 J1772 protocol or 60kW using a DC fast charge.
manufacturing through automation and workforce development through 2028. The renewed agreement also offers the Defense Department the option to renew the contract again for another five years after 2028, bringing the ARM Institute’s total possible investment to $70.4 Department of Defense’s Manufacturing Technology Program.
Registrations of new pickups, meanwhile, surged by 40.6% last month with 8,107 of the latest models and variants joining UK roads as significantly more businesses invested in these operation-critical workhorses ahead of measures to treat double-cabs as cars for benefit in kind and capital allowance purposes.
Announcement 3: Renewed focus on nutrition supporting extension of Jal Jeevan Mission till 2028 Impact: Increased support for providing access to nutrition and water will help reduce incidences of diseases and improve general well-being, especially in rural Indian communities.
billion by 2028 at a compound annual growth rate (CAGR), predicted The Business Research Co. Its the third-largest labor force in the U.S., and the only larger markets — retail salespeople and nursing/personal care aides — are not tractable today.” ” The global robotic kitchen market will grow from $2.73
Similarly, a Canadian government report cited that over 222,000 new apprentices are also needed in the coming years to meet the 2028 demand for skilled trades workers ( [link] ). Research from the American Welding Society indicates that 320,500 new welding professionals are projected to be needed by 2029 ( [link] ).
The report comes as the UK government sets clear targets to reach 70GW of solar capacity by 2035 and to install 600,000 heat pumps a year by 2028. We are fully focused on meeting our aim of 600,000 heat pump installations a year by 2028, having offered grants of £5,000-£6,000 towards the cost.”
The controls will run from April next year until 2028 and are focused on driving the move away from importing fossil fuels and relying on expensive gas. They will need to invest a total of £22.2bn between 2023 and 2028 to help Britain prepare for a future where more homes and businesses opt for electric cars and heating.
on 2022, as the sector recovers from three tough Covid years, with the possibility to get production back to the million mark in 2028. The figures come after publication of the latest independent production outlook, which suggests total UK car production will reach around 860,000 units this year, an uplift of 10.9%
READ MORE: Growth Opportunities in the Indian Military Unmanned Aerial Vehicle Sector, 2023-2028 Meet the Top UAS Communication Disruptors of 2025 Among the leaders recognized in Frost & Sullivans competitive benchmarking of UAS communication disruptors , 14 companies are leading the pack.
million in 2028, growing at a compound annual growth rate of 7.5 percent from 2021 to 2028, according to new research by Adroit Market Research. The size of the robotic drilling market is expected to be worth $8,025.65
This approval provides more capacity to import coking coal for steelmaking and keep production flowing when local coal supplies are scaled back from 2028,” Scully said. Member for Shellharbour, Anna Watson said the berth upgrades were essential to enable BlueScope to handle coal brought in from Queensland after 2028.
The Somerset power station is expected to start generating in 2028 after more than a decade of construction. However, the NIA warns that the UK must train tens of thousands of additional workers to deliver the government’s 24GW nuclear target by 2050.
Thermal Management Company Increases Capacity by 3X Cobot and robot manufacturers, integrators, and welding equipment manufacturers continue to improve on these technologies to overcome the ongoing skilled welder shortage — 82,500 welding jobs need to be filled annually between now and 2028. s Jefferson City, Mo.
Under the contract, UK firm Smiths Detection will develop three next-generation chemical sensor products for the MoD, to be operational by 2028. It will be a first of its kind for the UK Armed Forces, as the wearable sensor will be able to detect threats from both vapours and aerosols.
billion by 2028 at a compound annual growth rate (CAGR) of 24%, according to Research and Markets. million by 2028. The global market for autonomous tractors could expand from $2.4 billion in 2023 to $7.1 It cited improvements in machine vision, the growing Internet of Things (IoT), and demand in Europe. million in 2022 to $234.72
s rotational molding operations earlier this year, has outlined plans to double its international business by 2028. Rotovia BV, a new company that purchased Berry Global Group Inc.'s
15 that the ES-30 regional aircraft, which will be able to carrying 30 passengers, is expected to enter service in 2028. 15, Air Canada signed a deal to buy 30 electric-hybrid aircraft currently under development by a Swedish company. The Montreal-based carrier said in a news release on Sep.
The packaging subsegment for polyethylene furanoate (PEF), which is projected to grow at the fastest CAGR during the forecast period 2023 to 2028, will see a PEF juice bottle at retail in 2024.
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