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billion by 2032, driven by rapid technological advancements, evolving consumer demands, and government initiatives promoting digital transformation. According to recent market research, the Industry 4.0 market is expected to exceed USD 555.1
billion by the end of 2032 and is forecasted to expand at a robust compound annual growth rate of 7 percent from 2022 to 2032, according to data released by Fact.MR, a market research and competitive intelligence provider. The global packaging robots market is valued at $3.8 billion in 2022 to $7.5 Packaging robots are […]
The global market for space robotics is forecast to exceed revenues of $7 billion by 2032 with a projected compound annual growth rate of 9 percent over 2023-2032, according to a report by Global Market Insights. The market growth is due to the rapid expansion of the electronic chip manufacturing industry globally.
The market for additive manufacturing (AM) and materials could reach USD 183 billion (AUD 275 billion) by 2032, a 21.2 billion) by 2032. per cent CAGR from 2022 to 2032. The post Additive manufacturing, material market could surpass $183b by 2032 – report says appeared first on Australian Manufacturing. billion (AUD 71.8
billion by 2032 and will grow at a CAGR of 17.54 per cent between 2023 and 2032, according to a recent report by Precedence Research. The post Report: 3D printers market size to reach USD 88.61b by 2032 appeared first on Australian Manufacturing. The market for 3D printers will be worth approximately USD 88.61
The demand, according to Future Market Insights, will lead to substantial growth over the next decade, projecting to reach almost $70 billion by 2032. billion by 2032. billion by 2032. The post Robotic process automation market projected to reach $70 billion by 2032 appeared first on Control Engineering.
A new report estimates that the US will triple its domestic semiconductor manufacturing capacity between 2022 and 2032 following the introduction of the CHIPS and Science Act.
billion by 2032, the demand for high-performance and sustainable materials is rising rapidly. Over the years, advancements in 3D printing materials have fueled innovation, allowing manufacturers to explore new possibilities in aerospace, healthcare, automotive, and consumer goods. With the market set to exceed USD 5.06
billion in 2022, is poised for an impressive surge with a 10% CAGR (2023-2032) propelled by the global shift towards vehicle electrification. The Automated Test Equipment (ATE) market, valued at USD 8.5 ATE, the cornerstone of precision testing, relies fundamentally on industrial bearings.
Motor and drive insights The induction motor market is expected to reach more than $40 billion globally by 2032. billion in 2032. Between 2022 and 2032, a strong CAGR of 7.4% billion by 2032. CAGR from 2022 to 2032. billion by 2032. billion by 2032 appeared first on Control Engineering. is expected.
Ofgem has approved five major new undersea energy links including three high voltage subsea interconnector cables linking Britain to overseas energy markets and Britain’s first two offshore hybrid assets: LionLink and Nautilus.
The growing global population of older adults is fueling the demand for robotic nurse assistants for various daily assistance functions, according to the most recent analysis released by Fact.MR.
billion in 2022 and is estimated to reach $151 billion by 2032, growing at a CAGR of 4.6% from 2023 to 2032. Download Sample Pages of Research Overview: [link] Report coverage & details: Report Coverage Details Forecast Period 2023–2032 Base Year 2022 Market Size In 2022 $97.2 from 2023 to 2032.
billion by the end of 2032 and is forecasted to expand at a robust CAGR of 7% from 2022 to 2032, as per data released by Fact.MR, a market research and competitive intelligence provider. billion by 2032. over the forecast period (2022-2032). Billion by 2032 at a CAGR of 7% appeared first on i4.0 Today Magazine.
during the forecast period ranging from 2022-2032. billion by 2032. The post Industrial cybersecurity market to reach $43 billion by 2032 appeared first on Control Engineering. The global industrial cybersecurity market is forecasted to be valued at $20.7 billion in 2022 and is projected to reach $43.5
Sales in the global industrial robotics market are expected to total $33.75 billon by 2022, rising at a compound annual growth rate of 19.2 percent during the forecast period 2022-2028. A 2022–2028 opportunity assessment and a global industry analysis are part of new market research on the industrial robotics market from Future Market Insights.
Representatives from 18 peak industry bodies have met for the first time as part of the new Q2032 Industry Advisory Group (IAG), with a focus on helping Queensland businesses get the most out of the Brisbane 2032 Olympic and Paralympic Games. billion in benefits will flow to Queenslanders as a result of hosting Brisbane 2032.
The market is expected to increase in value from $11 million in 2022 to $47 million by 2032. The post Multi-cloud optimization market expected to quadruple by 2032 appeared first on Control Engineering. – Future Market Insights is a CFE Media and Technology content partner.
billion in 2023, with anticipated growth to $17 billion by 2032, highlighting the increasing adoption of additive manufacturing technologies in the energy sector. The post New additive manufacturing report sees market activity growing to $17B in 2032 appeared first on Manufacturers' Monthly.
Demand for processed rare earth minerals is expected to double by 2030, with the current market currently dominated by a single supplier The mine and processing plant will produce around 4,440 tonnes of neodymium and praseodymium (NdPr) which will account for around four percent of global demand from 2032.
The Queensland government has launched a new $142 million Advance Queensland – Innovation for a Future Economy 2022-2032 roadmap. . Innovation minister Stirling Hinchliffe said Advance Queensland’s investment in entrepreneurship was important for building legacy from the 2032 Games. .
5 million Quantum 2032 Challenge Program, to catalyse the development of quantum-based innovation in sportstech and related areas for the Brisbane 2032 Olympic and Paralympic Games.
The plan focuses on three key priorities: Strengthen Agri-food Supply Chain Stability: Increase both the consumption and production of food grown and prepared in Ontario by 30 per cent, increase Ontario’s food and beverage manufacturing GDP by 10 per cent and boost Ontario’s agri-food exports eight per cent annually by 2032.
Image: VAILO Australian advanced manufacturing company VAILO will establish a state-of-the-art manufacturing facility on the Gold Coast ahead of the 2032 Brisbane Olympics. The investment into the manufacturing base in Queensland will be complemented by a South Australian-based R&D facility within the Tonsley Innovation District.
Tomorrow, we have sessions dedicated to topics such as tendering tips and how to take full advantage of the 2032 Brisbane Olympic and Paralympic Games – it’s important we start preparing now.”. More than $8.83 billion of the budget went to approximately 29,000 regional businesses in the state. .
The global market for surgical robots is about $18 billion and could grow to $83 billion by 2032, according to Statzon. Robots promise to enhance precision and safety, with 5% to 10% of robot-assisted procedures reportedly resulting in positive patient outcomes. In addition, a Bain & Co. study found that 78% of U.S.
billion by 2032. LatConnect 60 is aiming to provide near daily monitoring of assets globally and to achieve this they plan on building a constellation of up to 18 satellites in WA. The market size of the global small satellite industry is expected to grow from US $2 billion in 2022 to US $13.2
billion to the economy by 2032. Minister Glenn Butcher emphasised the significance of this initiative for Queensland’s manufacturing industry, recognising it as an opportunity to create new jobs and ensure long-term prosperity. Through strong industry-government partnerships, Queensland aims to generate over 9,100 jobs and contribute $1.3
billion in 2032. This AM Research report is authored by macro analyst for AM Research Matt Kremenetsky, whose work emphasizes 3D printing’s incorporation into the supply chains for strategically critical sectors. The report highlights the $160 million of market activity in 2024 and its potential growth to $1.4
In 2022, this target was increased to 70 per cent by 2032, and 80 per cent by 2035. The Queensland Government has made significant strides in renewable energy, driven by ambitious targets and substantial investments. In 2015, Queensland established a 50 per cent renewable energy target by 2030.
Under the scenarios modelled, the report suggests that Nigeria could cut its energy costs by 74 per cent on its net zero pathway; South Africa could solve its load-shedding dilemma and save $26bn by 2032, and Mozambique could vastly increase access to electricity, currently at 35 per cent of the population. This would cut 5.6
The first QTMP train is anticipated to be manufactured and begin testing by late 2026, with all trains expected to be in service by 2032. This package of works is part of the Queensland Train Manufacturing Program, which will support 1,300 jobs throughout the life of the project.
The five grant programs spanned diverse goals including tackling decarbonisation and quantum-based innovations in sportstech ahead of the Brisbane 2032 Olympic and Paralympic Games. Quantum science explores the behaviour of particles and energy at the atomic and sub-atomic scale, with the potential to transform industry.
billion in 2023 and projected to surpass $504 billion by 2032, has enormous untapped potential,” asserted LOXO. German middle-mile market presents an opportunity “Germany’s middle-mile logistics sector, valued at approximately $379.89
QTMP will support South East Queensland’s population and economic growth, as well as Cross River Rail and the Brisbane 2032 Olympic and Paralympic Games.
Image: jimmymutophotography/stock.adobe.com The Queensland Government has approved an application to develop the Tarong West Wind farm to help meet its commitments in producing 70 per cent renewable energy by 2032, and 80 per cent by 2035.
California has also passed an extended producer responsibility bill, SB 54 this past June, requiring all packaging in California to be either recyclable or compostable by 2032. The bill was meant to take effect July 1, 2015, but was pushed onto the ballot for November 2016 and passed with a 52 percent approval vote.
Powered by the Queensland Energy and Jobs Plan, three renewable energy targets of 50 per cent renewable energy by 2030, 70 per cent by 2032 and 80 per cent by 2035 have been locked in. That’s an obligation I take seriously.”
The plan was detailed in the state labour government’s Health and Medical Research Strategy: 2022- 2032 , which seeks to enhance Victoria’s research capabilities and commercial opportunities, support researchers and mitigate health challenges on a global scale. .
The strategy complements the Queensland Quantum and Advanced Technologies Strategy , released in 2023, the Innovation for a Future Economy 2022–2032 and the Engaging Queenslanders in Science Strategy 2021-2024. Science Advisory Council Queensland will also be established, chaired by the Queensland chief scientist, Kerrie Wilson.
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