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
Each session offered invaluable insights into Indias manufacturing vision for 2030, strengthening its path to becoming a global leader. on India’s Manufacturing Vision 2030: Leveraging Technology and Talent for Global Leadership.
China’s Dominance in Automotive Sales and EV Growth China leads the light vehicle market: 31.8% As a powerhouse in the global automotive industry, China is transforming vehicle innovation, electrification, and connectivity. The country’s automotive sales nearly double that of the United States, marking an impressive 11.2%
Comau is expanding from automotive manufacturing to logistics applications such as pick and place. ” The Turin, Italy-based unit of Stellantis said it expects the market for automation to experience a 10% compound annual growth rate (CAGR) between 2022 and 2030, with an increase from 1.2 million by 2029. million by 2029.
Industry outlook highlights strategic importance of Automotive to Britain’s economic recovery, with growth worth £14 billion targeted in 2023. The UK automotive industry has today urged government to take rapid action to secure the long-term future of one of the country’s most important assets, while accelerating its decarbonisation.
By Benson Augustine, Program Manager – Mobility The global automotive aftermarket is witnessing a paradigm shift as circular economy initiatives gain momentum. Revenues of the global remanufactured automotive components market are projected to rise from $27 billion in 2022 to $42 billion by 2030.
Aurora, Ontario-based Magna is one of the world’s largest automotive suppliers. 20, under which Serve granted the company a non-exclusive license to its technologies and expertise, enabling Magna to further develop new products in the robotics and logistics space.
Industrial AI Is Driving a Massive Transformation Across industries, AI is revolutionizing manufacturing, logistics, and supply chain management. By 2030, fully autonomous factories will be the norm, where AI systems will control everythingfrom raw material procurement to final product assembly.
The company aims to have a full EV lineup of 21 models by 2030 and is set to develop new, affordable NCM batteries and safety technologies. It will also focus on expanding the HTWO fuel cell system lineup and launching a clean logistics business starting with HMGMA. The company’s sales targets include reaching 5.55
Messe Frankfurt UK, organisers of Automechanika Birmingham, has announced registration is now open for visitors to secure free tickets to its refreshed trade event, the Automotive Supply Chain Forum, in association with the Society of Motor Manufacturers and Traders (SMMT).
The latest product in Stellantis’ SUSTAINera European REMAN range underscores the automotive industry’s commitment to circular economy practices. Commitment to Decarbonization and Circular Economy Decarbonization remains a top priority in the automotive sector.
The latest product in Stellantis’ SUSTAINera European REMAN range underscores the automotive industry’s commitment to circular economy practices. Commitment to Decarbonization and Circular Economy Decarbonization remains a top priority in the automotive sector.
The latest product in Stellantis’ SUSTAINera European REMAN range underscores the automotive industry’s commitment to circular economy practices. Commitment to Decarbonization and Circular Economy Decarbonization remains a top priority in the automotive sector.
According to ABI, the market had a global valuation of $475 million in 2020 (slightly lower than Interact’s numbers), which would expand to $600 million in 2021 and $8 billion in 2030, with a projected CAGR of 32.5%. Interact Analysis believes that annual revenue growth for cobots was around 11.9%
Panel discussions and presentations over the two-day virtual event will cover four main themes, including “Roadmap to 2030: Vision of Commercial Trucking.”. Trends in connected trucking and logistics. to Underpin 2030 Vision of Commercial Trucking appeared first on Frost & Sullivan. Use cases in autonomous trucking.
Conventional engine, transmission, and affiliated components will represent immediate high-growth opportunities in the automotive aftermarket, while the transition to vehicle electrification will drive investments in electric vehicle (EV) related remanufacturing.
By Benson Augustine, Senior Industry Analyst, Aftermarket & Digital Retail – Mobility Rematec, a leading trade show for stakeholders in the automotive remanufacturing ecosystem, was held in Amsterdam in June this year, after a four-year hiatus.
million by 2030, with all major automakers aggressively expanding their EV portfolios in the quest for zero emissions. A Booming eMobility Aftermarket is Expected Emerge by 2030. However, Frost & Sullivan estimates this will expand to 32 GWh of retired battery capacity by 2030. GWh due to low BEV sales in the early 2010s.
Chinese Tier 1 automotive suppliers have emerged as pivotal players in the rapidly transforming global automotive market, leveraging their technological capabilities and innovation to capture significant global market share. Strategic partnerships with established global players are another significant growth driver.
Data security and privacy remain major concerns as automakers move to embrace ChatGPT across the automotive value chain. Generative AI-powered Large Language Models (LLM), most prominently ChatGPT, are disrupting the automotive industry. Where will it be used? We see four key areas where ChatGPT will have an immediate impact.
All will continue to feed long-term demand for robotics and automation in manufacturing and logistics. million manufacturing jobs there will be unfilled by 2030. For example, precision painting technology in the automotive sector can reduce material waste by up to 60% and enhance sustainability by reducing energy and water use.
The unit of the Volvo Group offers customers tailored transport as a service (TaaS) with autonomous vehicles, required infrastructure, operational and uptime support, and cloud-based management of logistics flows. This problem will only increase, as the study showed that by 2030, the U.S. In 2023, the U.S.
The four nations also called for a stronger 2030 emissions target for trucks and buses, adding that CO 2 limits should be expanded to cover more road freight vehicles, given that around 35 per cent of the sector's emissions are not in the EU's existing CO 2 standards.
KSA logistics scenario. The largest economy amongst the Gulf Cooperation Council members, Saudi Arabia, is striving to position itself as the logistics hub of the region with its Vision 2030 initiatives, driving growth in the logistics sector. Under Vision 2030. Global Supply Chain Resilience Initiative.
KSA logistics scenario. The largest economy amongst the Gulf Cooperation Council members, Saudi Arabia, is striving to position itself as the logistics hub of the region with its Vision 2030 initiatives, driving growth in the logistics sector. Under Vision 2030. Global Supply Chain Resilience Initiative.
The automotive industry has continued to battle significant challenges during the last three years, from lockdowns to component shortages, logistics costs to skills shortages. Automotive is one of the UK’s largest exporters and a trade intensive sector subject to intense global competition.
Photo courtesy: Portalhaus | Messe Frankfurt Exhibition GmbH/Petra Welzel Automechanika Frankfurt 2024 , the leading global trade fair for the automotive aftermarket, lived up to its theme of “Driving Transformation.”
Photo courtesy: Portalhaus | Messe Frankfurt Exhibition GmbH/Petra Welzel Automechanika Frankfurt 2024 , the leading global trade fair for the automotive aftermarket, lived up to its theme of “Driving Transformation.”
Comau started offering industrial automation solutions for the automotive sector more than 50 years ago for many of the world’s biggest car manufacturers. As automation technology has changed over the years, so has its reach.
Learning Objectives ZF Group, an automotive manufacturer, provides motion controls for automotive, industrial, wind power. 2023 ARC Industry Forum keynote insights Automotive, industrial and energy manufacturer ZF Group provides motion controls for automotive, industrial and wind power. Courtesy: Mark T.
million units by 2030. To learn more, please access: Growth Opportunities in China’s Electric Vehicle Industry, 2024-2030 , Strategic Profile of BYD , ASEAN Automotive Market Outlook, 2024 , or contact sathyanarayanak@frost.com for information on a private briefing. As a result, the EV market is projected to surge from 8.9
Interact Analysis is projecting more than 150,000 will be installed by 2030. Interact Analysis projects there will be more than 150,000 picking robots installed by 2030, with annual shipments jumping from less than 2,000 in 2022 to just above 50,000 by the end of the decade. We estimate there will be around 7.5
Learning Objectives Shell in the petrochemical industry and ZF Group in the automotive industry explained how digitalization efforts are helping with sustainability goals. Shell in the petrochemical industry and ZF Group in the automotive energy explain how digitalization efforts are helping with sustainability goals. Second had 8,000.
British automotive manufacturing plants reduce CO 2 emissions by -2.8% 2 While Britain is scaling up its EV output, battery production is lagging behind, with up to 90GWh of gigafactory capacity needed by 2030 to meet the UK’s EV manufacturing needs. to deliver lowest carbon footprint on record.
The implications could even threaten the job of General Motors CEO Mary Barra, who recently boasted to Wall Street analysts that “Cruise has a tremendous opportunity to grow and expand” and that the company could generate $50 billion a year in annual revenue by 2030.
Our extensive logistics network operates in the Canada, USA, the United Kingdom, Germany, Poland, Romania, France, Turkey and China. Thanks to our sales and logistics centers in Germany, Romania, Poland, France, USA, Canada and resident engineers in UK and China we are able to give uninterrupted service to our business partners.
Inevitably, as we move closer towards 2030 and 2035, the discourse has shifted from ‘when’, to ‘how’. It’s a challenge that cannot be put on hold, and while the industry knows that time is of the essence, the solutions needed along the way are yet to be determined.
Kia will dispatch its old batteries via the DB logistics network – DB Schenker and DB Cargo – to energy storage startup, Encore. According to the International Energy Agency, close to 250 million EVs will be on the world’s roads by 2030. The process is simple and effective. A Second Lease of Life.
This has made many large companies aware of the weaknesses of the current business model where manufacturing is outsourced, and global logistics is heavily needed. in 2030 is expected to add more momentum to the cobot industry. fold increase in demand for logistics and delivery robots and a 6.8-fold Industry 5.0
Brakes India is a leading automotive component supplier both to the domestic Indian market and to global markets. How has the automotive and the allied auto components sector, both in India and globally, transformed over the last couple of years? disruption in the automotive industry. There is massive C.A.S.E
CAGR through 2030, driven by rapid AI policy rollouts and increasing industry adoption. Indonesia projects a US$366 billion AI contribution by 2030, and Vietnam aspires to become a global AI hub. Register here to attend ITAP 2024. For the latest updates, follow ITAP on LinkedIn and Facebook. 2 These companies include Aishida Co.,
Simultaneously, the boom in last-mile logistics will support the expanded use of light commercial vehicles (LCVs) and city distribution vehicles by transportation service providers (TSPs). In keeping with the pivot to clean mobility, fleet electrification in the light vehicle (LV) segment will pick up pace.
Returning after a gap of five years, this year’s SMMT Connected event brought together senior representatives from automotive and government, technology and infrastructure to discuss the future of personal mobility and mass transport.
trillion by 2030.” million unfulfilled jobs by 2030 resulting from a lack of skilled labour. Robot sales on the rise in Canada thanks to automotive, but other industries decline While North American robot sales saw a 30 percent decline in 2023 over a record 2022, Canadian companies don’t seem to be to blame.
Our Robotics Campus will help us to serve our customers more efficiently and support new and existing sectors like automotive, electronics, logistics, healthcare, e-commerce and pharmaceuticals to unlock the full potential of automation.”
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