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The firm explains in its report that despite strong growth in recent years, the linear smart conveyance market is expected to contract by 2.3 percent between 2024 and 2029, with $1.1 billion in sales projected for 2029. percent forecast from 2023 to 2029.
Instead, 53% of the respondents believed that there is more time to adjust to the changes 5G will bring, believing that the impact will start becoming relevant in 3 years’ time, evolving during a period that goes until 2028-2029. To smartmanufacturing enterprises, the ratio is 1 to every 4.
with a focus on digitization and smartmanufacturing. This shift towards smartmanufacturing enables better monitoring and maintenance of equipment, enhances production efficiency, and reduces downtime. The group is focusing on expanding its offerings in emerging sectors like aerospace, defence, and electronics.
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