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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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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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Averroes.ai Brings Apple Vision Pro to Manufacturing for Inspection

Gary Mintchell

has introduced an what they call an “innovative approach to manufacturing that is set to transform the industry.” Manufacturers can even spot defects along production lines without direct observation, all without the need to be seated in a back office. By 2029, this market is expected to skyrocket to a value of US$ 1156.2

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Queensland iron-flow battery manufacturing attracts international funding

Manufacturer's Monthly

Image: IM Imagery/stock.adobe.com The Miles Labor Government’s $25 million investment in local long-duration energy storage company Energy Storage Industries (ESI)- Asia Pacific has attracted an additional investment of $40 million from a UK-based investment fund in support of the development of Queensland’s iron-flow battery manufacturing industry.

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Federal Gov’t mark milestone in sovereign missile and munitions manufacturing

Manufacturer's Monthly

Image: ID1974/stock.adobe.com The Federal Government has announced a commitment to manufacture 155mm M795 artillery ammunition and Guided Multiple Launch Rocket Systems (GMLRS). It will also be the first dedicated forge outside of the United States that will manufacture 155mm M795 artillery ammunition.

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New Opportunities for Motion Control

Gary Mintchell

In this insight, we will discuss two new growth areas identified from our research and conversations with manufacturers: smart conveyance technology and robots with machine-integrated control.” By 2029, sales of linear systems are expected to exceed $1.1 billion, nearly five times the market size in 2020.

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Nokia MEA Mobile Broadband Index 2024: 5G driving rapid digital transformation

Manufacturing Tomorrow

• 5G adoption in MEA expected to reach one in four subscriptions by 2029, highlighting its critical role in future connectivity towards digital transformation. • 5G subscriptions in MEA expected to reach 519 million by 2029, representing 23% of total mobile connections. •

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