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Local VIC startup to establish new facility

Manufacturer's Monthly

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. This is set to boost local and global export markets and benefiting industries like automotive, transport and mining.

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Interact Analysis: Smart conveyance technology market is projected to be $1.1B by 2029

Automation Mag

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.

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Confronted by Rising Costs, Weakening European Demand, and Increased Competition from Chinese Automakers, Volkswagen opts for Drastic Restructuring

Frost & Sullivan Manufacturing

Volkswagen, Germany’s iconic automotive brand, is on the verge of making drastic structural changes. The move, prompted by the company’s need to realign its finances and meet long-term strategic goals, has sent shockwaves through the global automotive market.

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Only 16% of manufacturers has real-time visibility into production, says Zebra

Robotics Business Review

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.

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Interact Analysis identifies opportunities for motion control and robotics

Robotics Business Review

Interact Analysis here discusses two new growth areas it has identified from its research and conversations with manufacturers: smart conveyance technology and robots with machine-integrated control. By 2029, sales of linear systems could exceed $1.1 billion, nearly five times the market size in 2020, according to Interact Analysis.

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Nissan commits to making next-gen EV batteries by 2029

Canadian Manufacturing

Nissan expects to mass produce electric vehicles powered by advanced next-generation batteries by early 2029, the company said on Apr. 16 during a media tour of an unfinished pilot plant. Japan’s legacy automakers have fallen behind newer rivals like America’s Tesla and China’s BYD in the emerging all-electric auto sector.

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Comau changes with robotics market, adds focus on software and new applications

Robotics Business Review

Comau is expanding from automotive manufacturing to logistics applications such as pick and place. million by 2029. million by 2029. .” million by 2029. Comau has 50 years of experience with manufacturers and employs more than 3,700 people in 13 countries. million industrial robots today to 2.6

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