article thumbnail

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

Automation Mag

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. percent in 2024.

article thumbnail

Is Your Business Positioned to Capitalize on the Expanding Digital Industry Accelerators Ecosystem?

Frost & Sullivan Manufacturing

IoT and Edge Computing: IoT sensors and edge computing are enhancing real-time monitoring and predictive analysis, creating a highly connected and efficient ecosystem in smart manufacturing , logistics, and smart cities. About Frost & Sullivan Harnessing Industry 4.0

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Perpetual Wisdom

Dinesh Mishra

with a focus on digitization and smart manufacturing. This shift towards smart manufacturing enables better monitoring and maintenance of equipment, enhances production efficiency, and reduces downtime. and Smart Manufacturing: The integration of Industry 4.0 billion by 2030, expanding at a CAGR of 5.7%

article thumbnail

5G’s role in the adoption of enterprise augmented reality

Control Engineering

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 smart manufacturing enterprises, the ratio is 1 to every 4.