This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Samantha Mou, Research Analyst based in China, covers Industrial Automation. She continues, “This has been affecting sales of industrial automation components to machine builders (OEMs), including motion control products. By 2029, sales of linear systems are expected to exceed $1.1
Image: brizmaker/stock.adobe.com The Victorian Government is backing an innovative local startup, Kit Magnetics, to establish a new advanced manufacturing facility in Melbourne, creating more than 650 jobs. The post Local VIC startup to establish new facility appeared first on Manufacturers' Monthly.
In 2023, the market grew by 23 percent, largely driven by the battery manufacturing industry. percent between 2024 and 2029, with $1.1 billion in sales projected for 2029. percent forecast from 2023 to 2029. By 2029, the market size is projected to be worth more than $80 million, notes the firm.
Source: Zebra Technologies Only 1 in 6 manufacturers has a clear understanding of its own processes, according to a new study from Zebra Technologies Corp. The report also found that 61% of manufacturers expect artificial intelligence to drive growth by 2029, up from 41% in 2024. Zebra commissioned Azure Knowledge Corp.
This has affected sales of industrial automation components to machine builders and OEMs, including motion control products, said Interact Analysis. By 2029, sales of linear systems could exceed $1.1 Most of them are suppliers of motion control components such as linear motors and servo products, or conveyor manufacturers.
The industrial landscape is rapidly transforming, with an ecosystem of digital industry accelerators (DIAs) emerging in response to increasing demands for digital transformation in manufacturing. A key driver in this shift is software-defined automation , which is enabling dynamic, reconfigurable processes across various domains.
The market research firm predicted steady growth for the market over the coming years, despite slow growth in the overall market for industrial automation. Interact Analysis also noted that robotics and automation vendors have announced an increasing number of partnerships to develop new products, further driving growth in the market.
Comau is expanding from automotive manufacturing to logistics applications such as pick and place. Source: Comau If change is constant in technology, even established industrial automation providers must adapt to keep up. million by 2029. .” million by 2029. million industrial robots today to 2.6
Zebra Technologies Corporation recently published the findings of its 2024 Manufacturing Vision Study. According to the study, 61 percent of manufacturers expect AI to drive growth by 2029. Nearly three-quarters (73 percent) of manufacturing leaders plan to reskill labour to enhance data and technology usage skills.
The life science instrumentation and research tools industry is poised for consistent growth through 2029, driven by innovations in automation, software, and integrated solutions. What is driving growth in Diagnostics Lab Automation and Monitoring Solutions? Download now for comprehensive perspectives! <Download
ANYbotics focuses on autonomous reliability ANYbotics has manufactured ANYmal robots since 2019. ANYbotics said this adoption “begins a new chapter in industrial automation and safety.” to reach $540 million by 2029, according to Market Intelligence Data.
Generative AI (GenAI), Real-Time Threats & Compliance: Witness how DSPM is evolving to secure sensitive data powering AI models, while helping you meet emerging regulatory mandates with automated governance. Whats Driving DSPMs Rapid Rise? The need to manage data across fragmented environments is no longer a challengeits a crisis.
With automation, they can be more productive and resilient to labor shortages, economic shifts, and climate shocks. With automation of labor-intensive tasks, farms can operate more efficiently, increase yields, and invest in sustainable practices that deliver more profit to growers and healthier food to more people. billion by 2032.
Bundy Group , an investment bank and advisory firm, provides an update on mergers & acquisitions and capital placement activity in the automation market. In addition, HFS added that these automation solutions “emerged as a key driver in helping companies survive the pandemic.” solutions.
SwRI Workbench for Offline Robotics Development allows manufacturing engineers to independently use complex robotics and simplifies motion planning for seasoned developers. Various forecasts project that the open-source advanced robotics market will grow more than 10% annually between 2024 and 2029.
until 2029. About Treotham: Treotham Automation is a leading supplier of high-quality electrical components and products to a wide range of industrial markets. Being the distributor for many world leading suppliers in their respective fields, Treotham Automation offers a diverse range of products to a variety of industries.
The Arnott’s Group , one of Australia’s most iconic food manufacturers and CleanPeak Energy , a specialist distributed renewable energy company, have signed an agreement to transition the world-class Huntingwood manufacturing facility to 100 per cent renewable electricity by 2029. CleanPeak will then source an additional 17.3
According to a widely cited industry figure from Deloitte, in their report on smart factories, even during the best of times – before COVID caused disruption – unplanned downtime costs industrial manufacturers an estimated $50 billion annually. Manufacturing Tomorrow | Nov 14, 2022 | Manufacturing Tomorrow.
This is despite the sluggish growth outlook for the overall industrial automation market. Beyond 2024, the overall outlook for the industrial automation and manufacturing sectors will improve, states the firm. percent between 2023 and 2029. percent year-on-year in 2024.
Robotics insights Industrial robot market growth is expected to grow at a CAGR of 18% from 2019 to 2029 thanks to robotics being increasingly used in the automotive and electronics industry according to a report by Future Market Insights. This is driven by the digitalization of manufacturing processes.
Under the exclusive agreement, Relativity is scheduled to launch Impulse’s Mars Cruise Vehicle and Mars Lander in Terran R from Cape Canaveral, FL in an exclusive arrangement until 2029. The post First Commercial Mission to Mars Announced by Impulse Space and Relativity Space appeared first on Additive Manufacturing (AM).
With the King’s Speech having outlined a new parliamentary agenda until 2029, we now look forward to working with government to deliver its ambitions for green economic and industrial growth. From trade and industrial policy to the skills transition and automated vehicles, our two markets are intertwined and many of our challenges shared.
Evolution of Automated Parking Solutions Automated Valet Parking (AVP), requiring specific hardware and software, remains limited to premium vehicles due to its complexity and cost. While AVP is the pinnacle of automated parking, its availability is limited to select locations.
Evolution of Automated Parking Solutions Automated Valet Parking (AVP), requiring specific hardware and software, remains limited to premium vehicles due to its complexity and cost. While AVP is the pinnacle of automated parking, its availability is limited to select locations.
Evolution of Automated Parking Solutions Automated Valet Parking (AVP), requiring specific hardware and software, remains limited to premium vehicles due to its complexity and cost. While AVP is the pinnacle of automated parking, its availability is limited to select locations.
During the early developments from the 1950s to the 1960s, the concept of CNC emerged and driven by the need to automate machining processes. The integration of CAD/CAM (Computer-Aided Design/Computer-Aided Manufacturing) became more prevalent, streamlining the design-to-production workflows. The introduction of Industry 4.0
From 2024 to 2029, the owner of a farm with 80 milking cows may receive compensation through a direct payment of about $106,000 in six yearly instalments on a declining scale. billion over six years under the Dairy Direct Payment Program to account for the impacts of CUSMA. This brings the total investment for processors up to $497.5
One of the primary trends is the increase in domestic manufacturing capacity, the narrowing technology gap and a wider range of products. with a focus on digitization and smart manufacturing. This includes the adoption of automation, robotics, advanced materials, and digitalization to enhance efficiency and productivity.
Tune in at FullyThreaded.com (2:32:00) Congratulations to ZAGO, the high-tech sustainable sealing fasteners and switch boots manufacturer is celebrating 30 years and being a woman-owned business. The new automation equipment replaces World War II-era machinery and allows the company to retain their current 107 employees. through 2029.
This article explores key trends, growth opportunities, and market drivers in the cardiac biomarkers diagnostics industry from 2024 to 2029. Companies that can create panels compatible with automated platforms will be well-positioned to capture market share in hospitals and diagnostic centers.
Industry Expansion: Projected to exceed $400 billion by 2029 , driven by cardiovascular health and obesity treatments. Industry Growth: Expected to surpass $26 billion by 2029 , driven by nanotechnology advancements in personal care, drug delivery, and food preservation. Investment Surge: $12.5
billion by 2029, growing at a CAGR of 25.4% between 2023 and 2029. The post The Future of Eco-Friendly Manufacturing: 10 Key Strategies for Sustainable Materials appeared first on Frost & Sullivan. What’s Catalyzing This Change? Click here to learn more.
Canadian Manufacturers & Exporters (CME) issued a statement calling on the federal government to fundamentally rethink the tax and regulatory barriers hindering growth and investment. The manufacturing sector makes a significant contribution to the Canadian economy and strengthens communities across the country.
Automation and Efficiency Gains: Automation can lead to 30% efficiency gains, reducing labor costs and boosting productivity. Market Disruption and New Entrants: Startups leveraging AI-driven healthcare solutions can capture up to 20% of market share from traditional firms within a few years.
Businesses will harness blockchain and the IoT for supply chain optimization and automation. In an increasingly hyperconnected landscape, businesses are leveraging advanced connectivity solutions to strengthen customer engagement, automate key processes, and create seamless digital experiences.
million by the end of the forecast period in 2029. AI-driven innovations – ranging from automated meeting transcription and real-time translation to smart camera framing and noise suppression – are revolutionising video conferencing experiences, making them more seamless, engaging, personalised, and productive.
As a result, the ability to transmit and process data in real time is reshaping verticals like smart cities, healthcare, automotive mobility, manufacturing, and agriculture with applications like smart grids, telehealth, autonomous driving, predictive maintenance, and smart farming.
By 2029, revenues generated from predictive maintenance solutions in North America, Europe, and India are projected to reach $428 million, highlighting the markets immense growth potential. However, a shrinking pool of skilled professionals is underlining the importance of automation and standardization.
Click here to download Top Transformations Impacting Growth in Global Molecular Biomarkers Market, Forecast to 2030 Rank Strategic Imperative Category Strategic Imperative Impact Score (%) Timeline Duration Growth Curve 1 Industry Convergence Cross-sector partnerships between pharmaceuticals and AI companies to enhance biomarker precision 72 2025-2039 (..)
billion in 2029 ), backed by technical breakthroughs in autonomous mobility, retail, Industry 4.0, Consequently, providers feel the need to focus on integrated zero-trust security, visibility tools, identity management, automated responses, and enhanced cloud protection for critical MEC applications. billion in 2024 to $46.87
billion by 2029, growing at a CAGR of 4.5% Enhanced LiveOps Integration : Utilizing AI for real-time data analysis and automated event management. Fueled by these headwinds, the global video gaming industry is projected to soar from $206.6 billion in 2022 to $280.65 for the same period.
We organize all of the trending information in your field so you don't have to. Join 45,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content