#China Small Drones Market

[ragini-14]

Small Drones Market To Witness Huge Gains Over 2024-2030

The Small Drones Market Research Report 2024 begins with an overview of the market and offers throughout development. It presents a comprehensive analysis of all the regional and major player segments that gives closer insights upon present market conditions and future market opportunities along with drivers, trending segments, consumer behaviour, pricing factors and market performance and estimation and prices as well as global predominant vendor’s information. The forecast market information, SWOT analysis, Small Drones Market scenario, and feasibility study are the vital aspects analyzed in this report.

The global small drones market size is expected to grow at more than 15.76% CAGR from 2023 to 2030. It is expected to reach above USD 22.36 billion by 2030 from a little above USD 5.99 billion in 2023.

Access Full Report:

https://exactitudeconsultancy.com/reports/19809/small-drones-market/

[afeelgoodblog]

The Best News of Last Month - August 2024

1.Negative Power Prices Hit Europe as Renewable Energy Floods the Grid

European power markets are experiencing a notable shift as renewable energy sources, particularly wind and solar, become a larger part of the energy mix. On Wednesday, power prices in several European markets, including Germany, dipped below zero due to a surge in green electricity production.

2. Taiwan introduces ban on performances by captive wild animals

Live performances by wild animals held in captivity, including performances by dolphins, tigers, and other non-domesticated mammals, will no longer be permitted in Taiwan under new Ministry of Agriculture (MOA) regulations.

3. FTC bans fake online reviews, inflated social media influence; rule takes effect in October

The FTC voted unanimously to ban marketers from using fake reviews, such as those generated with AI technology, and other misleading advertising practices.

The ban also forbids marketers from exaggerating their own influence by, for example, paying for bots to inflate their follower count.

4. Chinese drones will fly trash out of Everest slopes

Come autumn, Nepal will deploy heavy lifter drones to transport garbage from the 6,812-metre tall Ama Dablam, south of Everest. This will be the first commercial work an unmanned aerial vehicle does in Nepal’s high-altitude zone.

The heavy lifter from China’s biggest drone maker, Da Jiang Innovations (DJI), will take on tasks traditionally handled by Sherpas. Officials believe it will help reduce casualties on Everest.

5. Swiss scientists have found a way to use the whole cocoa fruit to make chocolate and not just taking beans and discarding the rest.

Kim Mishra (L) and Anian Schreiber (R) cooperated on the new chocolate making process

Food scientists in Switzerland have come up with a way to make chocolate using the entire cocoa fruit rather than just the beans - and without using sugar.

The chocolate, developed at Zurich’s prestigious Federal Institute of Technology by scientist Kim Mishra and his team includes the cocoa fruit pulp, the juice, and the husk, or endocarp.

6. Six-year-old boy found in Vietnam forest after five days

A six-year-old boy who was missing for five days has been found deep in a forest in Vietnam. Dang Tien Lam, who lives in the northwestern Yen Bai province, was playing in a stream with his nine siblings on 17 August when he wandered into the hills and got lost, local reports said.

He was found on Wednesday by local farmers who heard a child's cry while they were clearing a cinnamon field close to the forest.

7. Lego plans to make half the plastic in bricks from renewable materials by 2026

Lego plans to make half the plastic in its bricks from renewable or recycled material rather than fossil fuels by 2026, in its latest effort to ensure its toys are more environmentally friendly.

The Danish company last year ditched efforts to make bricks entirely from recycled bottles because of cost and production issues. At the moment, 22% of the material in its colourful bricks is not made from fossil fuels.

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i bought a cheap squishy toy and it smells like something i should definitely not be inhaling at all (kind of like gas/petrol but more factory-plasticky? i'm a retail drone not a chemist) and, of course, it was made in china.

("of course" not so much because of the price or quality but because everything is. at every price range and standard, tbh. i'm not trying to say everything made in china sucks. for the tumblr-pedantic record. rip to the workers in the stinky plastic factory though. :/)

so i was like "if this was made in america i could figure out where. we put the company address on everything here. but can i do that with an overseas company?" and the answer is yes maybe (i found the import/middleman companies and there are "trading" websites that track this stuff) but also no because i can't read mandarin. (sorry ancestors)

anyway that's how i find out about this place

yiwu "market" aka "international trade city." alleged "world's largest wholesale market." the mall to end all malls. this place sells stuff to the entire world by the shipping container. didn't even slightly exist in 1980; now does billions of dollars in trade annually which supports a city of 2 million people. which previously was just. like. a farming village.

(btw take this info with a grain of salt *please* i got it from youtube, google and wikipedia and i'm existing in an incredulous sleep-deprived haze)

literally miles of showrooms of every random manufactured item you can imagine. toys, clothes, electronics, household goods, christmas decorations...

i cannot stress enough that we do not have this kind of thing here. (... do we?) but. we have the stuff. this is where all the stuff is from. all roads lead to yiwu, apparently

sometimes you just get reminded... world big. but also. world interconnected. not so small after all. but so connected.

[cyberbenb]

Trump's China strategy hinges on crippling Russia’s economy

U.S. President-elect Donald Trump is determined to confront China economically and strategically. This is a difficult problem, because so many goods purchased in the United States have supply chains with deep roots in the Chinese manufacturing base.If new U.S. tariffs cause the Chinese renminbi to depreciate, as seems likely, Chinese products will remain competitive, at least in the short run; and if the cost of Chinese imported goods in the U.S. actually rises, this will squeeze lower-income Americans and undermine the competitiveness of American manufacturers that currently use imported components. The proposed tariffs and associated bluster may induce global companies to shift manufacturing from China to Vietnam, Mexico, and other lower-wage countries, but will not bring many good jobs back to the U.S. But Trump could score a quick and impressive win against China: by turning Russia entirely out of Ukraine and restoring the pre-invasion borders.

"But Trump could score a quick and impressive win against China: by turning Russia entirely out of Ukraine and restoring the pre-invasion borders."

Such a dramatic diplomatic coup would boost U.S. prestige around the world and strengthen Trump’s hand in dealing with China on other issues. It would also be straightforward: Russia is heavily dependent on oil exports, and Trump can cut Russian net revenue from these exports to essentially zero from his first day. Without this revenue, the Russian war machine will grind to a halt.Russia has a relatively small economy. Its GDP in 2024 will be around $2.2 trillion, which is less than 8% of the U.S. economy. Russia punches above its economic weight, literally and metaphorically, by allying itself with Iran (for drones and other military equipment), with North Korea (for artillery shells and soldiers), and with China (for essential components and consumer goods). In this Alliance of Aggression, China has by far the largest economy, and Russia has effectively become a client state.Historian Marci Shore: Putin’s obsession with denazification is ‘Freudian projection’The return of U.S. President-elect Donald Trump to political life has raised uncomfortable questions about the future, not only within the U.S. but also on the global stage. This is particularly true for countries like Ukraine, which relies on U.S. aid as it’s locked in aThe Kyiv IndependentKate TsurkanRussian President Vladimir Putin sought tacit approval from Chinese President Xi Jinping before invading Ukraine in 2022. According to credible sources, Xi asked Putin to wait until after the Winter Olympics in Beijing, and Putin did as he was told. He was wise to be deferential: in 2023, China supplied more than 50% of all Russian battlefield-related imports (including critical components for the Russian army) with a total value of some $5.5 billion. Without the ongoing availability of Chinese components, Russia’s stock of missiles would be quickly depleted, and air superiority should shift decisively in favor of Ukraine.

"Without the ongoing availability of Chinese components, Russia’s stock of missiles would be quickly depleted, and air superiority should shift decisively in favor of Ukraine."

U.S. President Donald Trump (R) takes part in a welcoming ceremony with Chinese President Xi Jinping (L) in Beijing, China, on Nov. 9, 2017. (Thomas Peter-Pool/Getty Images)China does not provide these goods to Russia (or anyone) for free. Nor is it interested in Russian debt — China’s leaders do not trust Putin’s ability and willingness to repay. This means that running the Russian war machine on Chinese components requires cash on delivery (or even advance payments).Russia generates that cash by selling oil for U.S. dollars. Almost all other Russian exports are quite small, owing to sanctions. But the G7 and the European Union agreed to keep Russian oil on the world market, largely because Russia is such a large supplier — about eight million barrels per day (daily global consumption is about 100 million barrels).On his first day in office, Trump can announce that he will impose heavy U.S. sanctions on any company that pays more than $15 per barrel for Russian oil (and on anyone who participates in any transaction above that level). Any country that is deemed not to be fully cooperative with this policy should expect to face punitive tariffs.As Trump knows well, threats are sometimes most potent when no action is taken. During his first administration, he wanted Mexico to close its southern border with Guatemala, so he announced that he would raise tariffs every week until action was taken. The Mexican government saw this as a crazy threat, but one that was entirely credible, and they deployed their security forces to close the border. The additional tariffs stayed on the shelf.U.S. President Joe Biden’s administration worked long and hard to negotiate a G7-EU price cap on Russian crude, which currently stands at $60 per barrel. But while this initiative was a welcome example of cooperation among Ukraine’s allies, at this price Russia still earns substantial revenue, because its marginal costs of extraction are low ($15-20 per barrel). Trump’s preference for unilateral action backed by bombast and vague threats would fit the moment well.Russia’s inflation hits year-high, driven by war spending, food price hikes, Rosstat saysInflation in Russia has reached its highest levels in nearly a year, driven by war spending and rising food prices, The Moscow Times reported on Dec. 25, citing Russia’s Federal State Statistics Service (Rosstat).The Kyiv IndependentTim ZadorozhnyyTo the extent that more oil moves from Russia to China, the “shadow fleet” of tankers that transport it should be harassed at every opportunity, pushing up operating costs and further squeezing Russian margins. Impound a few shadow tankers for suspected sanctions violations and watch the price of transportation for Russian oil soar.Even at $15 per barrel, Russia will likely continue to pump as much oil as it can, because Putin is so desperate for cash. But what if Trump’s threats and actions push up the world oil price? This would please Trump’s allies in the fossil-fuel industry immensely, while also encouraging and justifying more oil and gas exploration. (Yes, this is bad for the climate, but we are discussing Trump’s realpolitik here, including what will get Congress fully on board with his “Drill, Baby, Drill” agenda.)A much lower oil-price cap, backed up with stronger sanctions against companies and countries that trade illegally with Russia, would leave Putin with no choice but to withdraw from Ukraine. That, in turn, would send a powerful signal to the Alliance of Aggression, and to the Chinese leadership in particular: Anyone who attacks a neighbor will suffer crippling economic consequences.Editor’s Note: Copyright, Project Syndicate. This article was published by Project Syndicate, and has been republished by the Kyiv Independent with permission. The opinions expressed in the op-ed section are those of the authors and do not necessarily reflect the views of the Kyiv Independent.

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‘Praise is not practice’ – Snyder’s new book challenges America’s understanding of freedom through comparison with UkraineIn his latest book, “On Freedom,” American scholar Timothy Snyder establishes a thought-provoking distinction between the word “liberation” and the Ukrainian wartime variant “de-occupation” to probe the fraught but necessary question: When is a person truly free? Russia’s full-scale war against Ukr…The Kyiv IndependentKate Tsurkan

Stay warm with Ukrainian traditions this winter. Shop our seasonal merch collection. shop now Source : <link>https://kyivindependent.com/opinion-trumps-china-strategy-hinges-on-crippling-russias-economy/</link><p><img src="https://assets.kyivindependent.com/content/images/2024/12/GettyImages-2177668198.jpg">

[marketsndata]

Saudi Arabia Unmanned Aerial Vehicle Market Analysis 2031

Saudi Arabia unmanned aerial vehicle market is projected to witness a CAGR of 13.81% during the forecast period 2024-2031, growing from USD 0.24 billion in 2023 to USD 0.59 billion in 2031. The market is driven by increasing needs and technology of the defense sector. Defense dominate the market as the country is investing heavily in its capabilities related  to regional security concerns. The government is modernizing its armed forces and is investing heavily in Unmanned Aerial Vehicles (UAVs) for surveillance, reconnaissance, and tactical operations. Also, commercial UAVs are being used in agriculture, infrastructure inspection, and logistics. The market is supported by collaborations with international defense contractors and technology advancements. Saudi will see more growth in its UAV market driven by defense and emerging commercial applications.

Defense Sector Dominates Saudi Arabia Unmanned Aerial Vehicle Market Share

In Saudi Arabia, the defense sector is the biggest market for unmanned aerial vehicles as the country is prioritizing its military capabilities, including heavy investment in UAV technology for surveillance, reconnaissance, and tactical operations driven by regional security concerns and modernization. The Saudi government is prioritizing defense-related UAVs to enhance its operational effectiveness and stay ahead of the curve. Saudi’s defense investments have led to the acquisition of advanced UAVs like the Chinese Wing Loong-10B (WL-10B) UCAV. The government’s push to diversify the economy and promote technology has driven growth in the UAV market. As the market grows, defense-related applications will be at the forefront, driving the innovation and collaboration with international partners.

For instance, in February 2024, Royal Saudi Air Force (RSAF) acquired the Wing Loong-10B (WL-10B) Unmanned Combat Aerial Vehicle (UCAV) at the World Defense Show in Saudi Arabia. The WL-10B allows for extensive aerial surveillance and reconnaissance missions, particularly when armed with guided air-to-ground missiles and bombs. It is powered by a rear-mounted turbojet engine and falls in the high-altitude long-endurance (HALE)-class.

At the World Defense Show (WDS) 2024 in Riyadh, Serb Advanced Industries announced mass-producing small unmanned aerial vehicles for the Saudi military. The company revealed that both the Jaser and the larger Samil UAVs are in production. Serb gained attention recently when Saudi General Authority for Military Industries (GAMI) Governor visited their plant, where photographs of small UAVs being assembled were released.

Growing Concerns Regarding Geopolitical Tensions and Regional Conflicts

Geopolitical pressures and regional conflicts are affecting Saudi Arabia’s drone market. As regional threats rise, Saudi is investing in advanced UAV technology to boost its defense capabilities. The demand for UAVs is driven by their strategic importance in surveillance, reconnaissance, and tactical operations. The Saudi government is looking to acquire and develop advanced drone systems to address security challenges and show its military presence. This is driving the market growth with a focus on both local production and international procurement. The market growth reflects the broader regional dynamics in the Middle East where advanced drones are becoming a national defense and regional power tool. As a result, the Saudi drone market will continue to grow as the country looks to strengthen its security and tech edge in the face of ongoing regional uncertainty.

In 2022, China Electronics Technology Group Corp. and Advanced Communications and Electronics Systems Co. signed an agreement to design and build military drones in Saudi Arabia. This joint venture is called Aerial Solutions, which will establish a research and development center for various UAV systems including communications, flight control, camera, radar, and wireless detection systems. Aerial Solutions will focus on developing electric-powered drones, anti-drone solutions, analytics, helicopter products, and radar systems, specializing in security electronic information systems.

Favorable Government Initiatives Boost the Market Growth

Government initiatives are driving growth of the Saudi Arabia unmanned aerial vehicle market. In 2023, the government allocated USD 62.87 Billion (UAD 69 billion) to defense and prioritized the development and export of drone technologies. Supportive regulations and policies are encouraging innovation in UAV technology. Government initiatives used UAVs for various applications in various industries. Recent developments, such as the acquisition of advanced drones like the Chinese Wing Loong-10B and local manufacturing agreements, are proof of the government��s commitment. These are speeding up the growth of the drone market and making Saudi Arabia a major player in the global drone industry.

For instance, the Saudi Arabian government’s implementation of positive initiatives, such as Vision 2030 that aim to localize 50% of defense spending and diversifying the economy, is encouraging the country’s domestic UAV manufacturing industry.

In 2023, The General Authority for Military Industries (GAMI) and the Saudi Arabian Military Industries (SAMI) are some of the significant Saudi organizations that are working on UAV projects in the country. In response to demands from the Saudi Armed Forces, more than nine domestic drone programs have developed in recent years, serving a variety of UAV groups and market categories.

Riyadh to Become the Manufacturing Hub of UAVs

Riyadh is leading the country’s UAV market due to the massive investments and initiatives. The region has become a hub for military and commercial UAV developments, including advanced projects and partnerships with international companies. The region’s infrastructure and regulatory environment support UAV industry growth, innovation, and operational efficiency. Recent agreements and local manufacturing initiatives are adding to the Central Region’s leadership positioning it as the heart of Saudi Arabia’s UAV industry growth.

In 2024, in collaboration with the General Authority for Military Industries (GAMI), Intra Defense Technologies has established a drone manufacturing facility in Riyadh. With the ability to produce up to 120 aircraft annually, the facility is a major accomplishment for the country as it seeks to address the rising demand for cutting-edge drone technology.

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Future Market Scenario (2024 – 2031F)

Due to significant government investment and technological breakthroughs, the unmanned aerial vehicle sector in Saudi Arabia has a bright future. The industry is expected to grow significantly as long as local production, defense modernization, and strategic collaborations remain top priorities. Saudi Arabia’s position as a major player in the global UAV industry will be further cemented by advancements in UAV technology and growing applications in a variety of sectors.

In February 2024, the Ministry of Defense announced the contract with Baykar for AKINCI. According to the contract, some part of the aircraft will be built in Turkey and the rest will be built in Saudi Arabia. Ministry of Defense has confirmed that most of the aircraft will be produced in SAMI’s facilities in Saudi Arabia which already has a UAV production line. They are working with Baykar to qualify the production lines and all specialty-type test equipment. Around 300 Saudi employees and engineers will be sent to Turkey to work with Baykar and build the aircraft.

Report Scope

“Saudi Arabia Unmanned Aerial Vehicle Market Assessment, Opportunities and Forecast, 2017-2031F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of Saudi Arabia unmanned aerial vehicle market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between 2024 and 2031. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.

Click here for full report- https://www.marketsandata.com/industry-reports/saudi-arabia-unmanned-aerial-vehicle-market

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Mr. Vivek Gupta 5741 Cleveland street, Suite 120, VA beach, VA, USA 23462 Tel: +1 (757) 343–3258 Email: info@marketsandata.com Website: https://www.marketsandata.com

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Quick Commerce Market Size, Trends & Forecast 2025-2035

Industry Outlook

The Quick Commerce market valued at USD 45.8 Billion in 2024 is projected to reach USD 328.0 Billion by 2035, with a CAGR of 19.6% during 2025-2035. Quick Commerce focuses on rapid delivery of products and services within 10 minutes to a few hours, primarily for everyday items like food, beverages, and toiletries. The model leverages digital solutions, efficient supply chains, and dark stores to meet swift delivery demands driven by urban lifestyles and instant gratification needs.

Report Scope

Largest Market

North America

Fastest Growing Market

Asia Pacific

Base Year 2024

Market Size in 2024

USD 45.8 Billion

CAGR (2025-2035)19.6%Forecast Years2025-2035Historical Data2018-2024Market Size in 2035USD 328.0 BillionCountries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, Switzerland, Sweden, Finland, Netherlands, Poland, Russia, China, India, Australia, Japan, South Korea, Singapore, Indonesia, Malaysia, Philippines, Brazil, Argentina, GCC Countries, and South Africa

What We Cover

Market growth drivers, restraints, opportunities, Porter's five forces analysis, PESTLE analysis, value chain analysis, regulatory landscape, pricing analysis by segments and region, company market share analysis, and over 10 companies

Segments Covered

Product Type, Business Model, Technology Adoption, Delivery Type, and Region To explore in-depth analysis in this report - Request Free Sample Report

Market Dynamics

Growing preference for quick, hassle-free shopping experiences

A key market driver is consumers' increasing demand for faster shopping experiences. Modern consumers prioritize convenience and speed, expecting deliveries within minutes. This trend is particularly strong in urban areas, where companies that can swiftly deliver essential items gain competitive advantage.

Mobile devices have enhanced internet accessibility, particularly for shopping, as transactions can be completed from anywhere. This convenience has driven demand for quick commerce services, bypassing traditional shopping methods. Data analysis confirms significant growth in the quick commerce sector, reflecting evolving customer expectations for speed and convenience.

Innovations enhancing logistics, delivery, and customer engagement

To explore detailed insights, visit Quick Commerce Market Analysis

Advanced technologies like AI, machine learning, and analytics are revolutionizing supply chain and delivery systems. Predictive analytics aids in demand forecasting, preventing stock shortages of popular items. Automated warehouses and drone deliveries are being explored to boost efficiency and reduce costs, while improving customer experience through timely deliveries and accurate order fulfillment. Enhanced customer interaction through web chat and targeted marketing strengthens consumer relationships and loyalty.

Significant expenses associated with fast delivery and logistics

High delivery costs pose a major market constraint. Companies must invest in fulfillment centers, vehicle fleets, professional drivers, and logistics services. Real-time analytics and technology requirements demand continuous investment in software and hardware, impacting operational profitability. Intense competition may force companies to reduce delivery fees or offer promotions, affecting margins.

Potential growth in the regions that lack quick commerce infrastructure

The quick commerce market shows significant growth potential in underserved regions. Currently, on-demand delivery services are limited in small cities and semi-urban areas, presenting opportunities for businesses to gain competitive advantages as populations become more digitally active.

As emerging markets gain better smartphone penetration and internet connectivity, the demand for quick commerce solutions continues to rise. Investment in local infrastructure and logistics can yield substantial returns, with residents valuing doorstep delivery of food, necessities, and personal care products.

Utilizing customer data to enhance shopping experiences effectively .Quick commerce platforms can leverage customer data to personalize shopping experiences. Data analytics inform consumer behavior and purchasing patterns, enabling tailored marketing strategies and recommendations that resonate with customer interests.

Transaction data supports efficient inventory management and targeted promotions, boosting sales and customer loyalty. Companies can utilize sophisticated analytics as strategic tools for growth and profitability.

Industry Experts Opinion

"The quick commerce market is transforming essential goods distribution. Receiving items in under 15 minutes is becoming standard. Success depends on efficient supply chains, technology integration, and seamless customer experiences, from app usability to last-mile delivery, while maintaining affordability. Innovation in logistics and technology remains crucial for market leadership."

Rohit Kapoor, CEO of Swiggy Instamart

Segment Analysis

Based on Product Type, the grocery segment dominates the Quick Commerce Market, driven by increasing demand for rapid delivery of daily essentials. Metro cities show strong adoption of grocery ordering through platforms like Swiggy Instamart and Big Basket. Personal care and pharmaceutical segments are growing significantly as consumers seek quick access to grooming and health products.

The electronics segment, though smaller, caters to immediate needs like chargers and headphones. Fashion and apparel segments are emerging as companies experiment with rapid delivery services for clothing and footwear. Restaurant deliveries remain crucial, with quick commerce enhancing meal delivery services through Zomato and Swiggy. The pet supplies segment is also expanding to meet growing demand.

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Based on Technology Adoption, mobile applications lead the market, with platforms like Dunzo and Blinkit optimizing ordering processes. Web platforms serve desktop users, while AI, big data, and machine learning enhance route optimization and demand forecasting. Voice assistants and IoT integration are gradually being incorporated to improve customer experience and operational efficiency.

Regional Analysis

In the global quick commerce landscape, Europe and North America lead due to robust infrastructure and high disposable incomes. Markets like the UK, Germany, and the US showcase advanced development through companies like Getir, Gorillas, and Amazon Prime Now. These regions benefit from established logistics networks and strong technological support.

In Asia Pacific, India emerges as a rapidly growing market, driven by urban population growth and increasing smartphone usage. Key players like Swiggy Instamart, Blinkit, Zepto, and Dunzo dominate the Indian segment, capitalizing on rising demand for quick deliveries of food and household items. The country's large young population and expanding middle class create ideal conditions for market growth.

Competitive Landscape

The Quick Commerce market features major players like Swiggy Instamart, Blinkit, Zepto, Big Basket, Dunzo, Getir, Gorillas, and Amazon Prime Now. These companies excel through mobile apps, AI-powered logistics, and efficient dark store networks. Their success stems from customer loyalty programs, strategic alliances, and robust distribution chains.Quick Commerce Market, Company Shares Analysis, 2024

Others

To explore in-depth analysis in this report - Request Free Sample Report

Recent Developments:

In December 2023, Walmart expanded its quick commerce presence in India through Flipkart, launching services across 20+ cities. Zomato introduced its Instant service in February 2023, focusing on affordable home-style meals.

For detailed sectional analysis, visit: https://www.metatechinsights.com/industry-insights/quick-commerce-market-1167

By Technology

Mobile Apps

Web Platforms

Integrated Platforms

Other

Delivery Type

Under 15 min

15-60 min Same-day

By Region

North America Europe Asia Pacific Latin America

Middle East & Africa

Key Companies:

Swiggy, Dunzo, Blinkit, BigBasket, Zepto, Zomato, Amazon Prime Now, others.

[industrynewsupdates]

Casino Management Systems Market Forecast: Growth, Trends, and Opportunities

The global casino management systems market size is expected to reach USD 21.82 billion by 2030, expanding at a CAGR of 14.9% from 2023 to 2030, according to a new study by Grand View Research, Inc. The growing demand for casino establishments and increasing social acceptance of casinos are expected to emerge as crucial factors for driving the market. The increasing use of technological solutions and systems across gambling clubs to boost operational efficiency will further drive the growth of the market.

North America emerged as the highest revenue generating segment in 2022 and is expected to witness a CAGR of 41.8% from 2023 to 2030. However, it is estimated that Asia Pacific will witness significant growth and will exhibit the fastest CAGR of 16.8% over the forecast period. The growth of the casino gaming industry, especially in Japan, China, and India, is expected to play a major role in propelling the demand for the systems over the forecast period. Governments across the region are gradually legalizing casino gaming, owing to several social and economic benefits. Rising number of gambling establishments and evolving customer preferences towards casino-style gaming is anticipated to boost market growth.

Gather more insights about the market drivers, restrains and growth of the Casino Management System Market

Casino Management Systems Market Report Highlights

• The security and surveillance segment accounted for the largest revenue share of 23.4% in 2022. Advancements in automated security solutions is further expected to drive market growth in this segment

• The analytics segment is expected to witness significant growth at a CAGR of over 16.2% from 2023 to 2030. Analytical tools are likely to witness increased adoption over the forecast period owing to varying insights offered, enabling operators to remain profitable

• Asia Pacific is expected to grow at the fastest CAGR of 16.8% during the forecast period. Increased demand for gambling establishments coupled with changing consumer preferences and rising disposable income will augment regional market growth

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

• The global small drone market size was estimated at USD 12.03 billion in 2023 and is expected to grow at a CAGR of 14.5% from 2024 to 2030.

• The global IoT platform market size was estimated at USD 11.10 billion in 2023 and is projected to grow at a CAGR of 12.7% from 2024 to 2030. 

Casino Management Systems Market Segmentation

Grand View Research has segmented the global casino management systems market based on application and region

Casino Management Systems Application Outlook (Revenue, USD Million, 2017 - 2030)

• Security & Surveillance

• Analytics

• Accounting & Cash Management

• Player Tracking

• Property Management

• Marketing & Promotions

• Others

Casino Management Systems Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

o U.S.

o Canada

• Europe

o UK

o Germany

o France

• Asia Pacific

o China

o Japan

o India

o Australia

o South Korea

• Latin America

o Brazil

o Mexico

• Middle East and Africa

o Saudi Arabia

o South Africa

o UAE

Order a free sample PDF of the Casino Management System Market Intelligence Study, published by Grand View Research.

[harshnews]

Variable Rate Technology (VRT) Market Size, Share, Trends, Growth and Competitive Analysis

"Global Variable Rate Technology (VRT) Market' – Industry Trends and Forecast to 2028

Global Variable Rate Technology (VRT) Market, By Product (Soil Sensing VRT, Fertilizer VRT, Seeding VRT, Crop Protection Chemical VRT, Yield Monitor VRT, Irrigation VRT, Other), Crop Type (Cereals and Grains, Oilseeds and Pulses, Fruits and Vegetables, Others), Farm Size (Large Farms, Small Farms, Mid-Size Farms), Offering (Hardware, VRT Service, VRT Software), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028

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**Segments**

- **Hardware**: The hardware segment of the Variable Rate Technology (VRT) market includes GPS systems, handheld devices, sensors, drones, and smart farming equipment. Advancements in technology have led to the development of highly sophisticated hardware components that are integral to the successful implementation of VRT practices in agriculture. These hardware components enable precise data collection, analysis, and application of variable rate inputs, resulting in optimized agricultural practices and enhanced crop yields.

- **Software**: The software segment of the VRT market comprises precision farming software, data management tools, and decision support systems. These software solutions play a crucial role in processing the vast amounts of data collected from various sources such as sensors, drones, and satellite imagery. By leveraging advanced algorithms and analytics, farmers can make informed decisions regarding variable rate applications of fertilizers, pesticides, and irrigation, leading to improved efficiency and sustainability in agriculture.

- **Services**: The services segment of the VRT market includes consulting services, integration and implementation services, and maintenance and support services. As the adoption of VRT practices continues to grow among farmers worldwide, the demand for specialized service providers offering expertise in precision agriculture solutions is also increasing. These services assist farmers in implementing VRT technologies effectively, optimizing their operations, and maximizing the benefits of variable rate applications in agriculture.

**Market Players**

- **Deere & Company**: Deere & Company is a leading player in the VRT market, offering a wide range of precision agriculture solutions that leverage advanced hardware and software technologies. The company's innovative products enable farmers to enhance productivity, reduce input costs, and improve sustainability through precise variable rate applications.

- **Trimble Inc.**: Trimble Inc. is another prominent player in the VRT market, known for its high-precision GPS systems, data management software, and agronomic solutions. The company's comprehensive VRT offerings empower farmers to make data-driven decisions and optimize their agricultural practices for better outcomes.

- **Ag Leader Technology**: Ag Leader Technology specializes in providingAg Leader Technology has positioned itself as a key player in the Variable Rate Technology (VRT) market by offering a comprehensive suite of precision agriculture solutions tailored to the needs of modern farmers. The company's focus on innovation and customer-centric approach has enabled it to carve out a significant market share in the increasingly competitive VRT landscape. Ag Leader Technology's product portfolio includes precision farming hardware such as GPS systems, sensors, and displays, as well as a range of sophisticated software solutions for data management, analysis, and decision support.

One of the key strengths of Ag Leader Technology lies in its ability to provide integrated VRT solutions that seamlessly combine hardware and software components to deliver value-added services to farmers. By offering a holistic approach to precision agriculture, the company ensures that farmers can leverage the full potential of VRT technologies to optimize their operations, increase productivity, and maximize yields. Ag Leader Technology's emphasis on user-friendly interfaces and intuitive design also sets it apart from competitors, making it easier for farmers to adopt and implement VRT practices on their farms.

In addition to its robust product offerings, Ag Leader Technology has built a reputation for its exceptional customer support and technical assistance services. The company's team of agricultural experts and field technicians are on hand to provide guidance, training, and troubleshooting assistance to farmers looking to implement VRT solutions effectively. This personalized approach to customer service has been instrumental in fostering long-term relationships with clients and establishing Ag Leader Technology as a trusted partner in the precision agriculture industry.

As the global agriculture sector continues to face challenges such as climate change, resource constraints, and shifting consumer preferences, the demand for innovative technologies like VRT is expected to grow. Ag Leader Technology is well-positioned to capitalize on this trend by further expanding its product portfolio, enhancing its software capabilities, and strengthening its market presence through strategic partnerships and collaborations. By staying at the forefront of technological advancements and prioritizing customer success, Ag Leader Technology is poised to sustain its growth trajectory and solidify its position as a leading player in the**Global Variable Rate Technology (VRT) Market, By Product**: - Soil Sensing VRT - Fertilizer VRT - Seeding VRT - Crop Protection Chemical VRT - Yield Monitor VRT - Irrigation VRT - Other

**Crop Type**: - Cereals and Grains - Oilseeds and Pulses - Fruits and Vegetables - Others

**Farm Size**: - Large Farms - Small Farms - Mid-Size Farms

**Offering**: - Hardware - VRT Service - VRT Software

**Country**: - U.S. - Canada - Mexico - Germany - Poland - Ireland - Italy - U.K. - France - Spain - Netherlands - Belgium - Switzerland - Turkey - Russia - Rest of Europe - Japan - China - India - South Korea - New Zealand - Vietnam - Australia - Singapore - Malaysia - Thailand - Indonesia - Philippines - Rest of Asia-Pacific - Brazil - Argentina - Chile - Rest of South America - UAE - Saudi Arabia - Egypt - Kuwait - South Africa - Rest of Middle East and Africa

The global Variable Rate Technology (VRT) market is witnessing significant growth due to the increasing adoption of precision agriculture practices to enhance crop yields, optimize resource utilization, and address sustainability challenges in

Key points covered in the report: -

The pivotal aspect considered in the global Variable Rate Technology (VRT) Market report consists of the major competitors functioning in the global market.

The report includes profiles of companies with prominent positions in the global market.

The sales, corporate strategies and technical capabilities of key manufacturers are also mentioned in the report.

The driving factors for the growth of the global Variable Rate Technology (VRT) Market are thoroughly explained along with in-depth descriptions of the industry end users.

The report also elucidates important application segments of the global market to readers/users.

This report performs a SWOT analysis of the market. In the final section, the report recalls the sentiments and perspectives of industry-prepared and trained experts.

The experts also evaluate the export/import policies that might propel the growth of the Global Variable Rate Technology (VRT) Market.

The Global Variable Rate Technology (VRT) Market report provides valuable information for policymakers, investors, stakeholders, service providers, producers, suppliers, and organizations operating in the industry and looking to purchase this research document.

Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global Variable Rate Technology (VRT) Market Landscape

Part 04: Global Variable Rate Technology (VRT) Market Sizing

Part 05: Global Variable Rate Technology (VRT) Market Segmentation by Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

The investment made in the study would provide you access to information such as:

Variable Rate Technology (VRT) Market [Global – Broken-down into regions]

Regional level split [North America, Europe, Asia Pacific, South America, Middle East & Africa]

Country-wise Market Size Split [of important countries with major market share]

Market Share and Revenue/Sales by leading players

Market Trends – Emerging Technologies/products/start-ups, PESTEL Analysis, SWOT Analysis, Porter’s Five Forces, etc.

Market Size

Market Size by application/industry verticals

Market Projections/Forecast

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Artificial Intelligence Market - Forecast(2024 - 2030)

Artificial Intelligence Market Overview

The Artificial Intelligence Market is expected to reach $1035 billion by 2030, growing at a CAGR of 37.2% during the forecast period 2024-2030. Artificial Intelligence (AI) refers to a recreation of human intelligence functions by machines. It is used in the internet of things for multiple tasks including cloud computing, customer relationship management, data analysis, facial recognition technology, fraud detection and predictive analysis. The widescale adoption of Artificial Intelligence in various sectors on a global scale is for updating systems with intelligent features to enhance operational efficiency. In October 2022, Google Cloud introduced an AI-enabled medical imaging suite for use in the healthcare sector. It would reduce manual work done by radiologists as it has storage, datasets and an AI pipeline for imaging.

Multimodal AI is a pivotal trend in the evolving landscape of artificial intelligence. Diverging from conventional single-mode data processing, it simultaneously analyzes diverse data types, fostering a holistic approach. This comprehensive methodology enhances the adaptability of AI systems, enabling them to interpret and respond to a broader array of inputs. As the market embraces multimodal AI, its potential applications expand, contributing to the continuous advancement and sophistication of artificial intelligence solutions. In January 2024, Google has unveiled a new multimodal AI model ‘Lumiere’. Google's Lumiere, a groundbreaking multimodal AI video model, revolutionizes video creation. It seamlessly integrates text-based image editing, providing users with a powerful tool for consistent and authentic video editing experiences.

Artificial Intelligence Market Report Coverage

The “Artificial Intelligence Market Report – Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Artificial Intelligence Market.

By Offering: Hardware, Software and Services.

By Technology: Machine Learning, Natural Language Processing, Context-Aware Computing and Computer Vision.

By Deployment: On-premises and Cloud.

By Organization Size: Small and Medium Enterprises and Large Enterprises.

By Product: Medical devices, Connected Consumer Devices, Smart Wearables, Home appliances, electronic gadgets, Mobiles, Laptops & PCs, Robots, Industrial Systems, Cameras, AR/VR, Drones and Others.

By Application: Industrial processes, Medical Assistance and Diagnosis, Marketing and sales, Security systems, Finance, Supply chain management, Service deployment, Cloud computing, Customer relationship management, Data analysis, Facial recognition technology, Fraud detection, Predictive analysis and Others.

By End-users: BFSI, IT and Telecommunication, Government, Defense, Consumer Electronics, Manufacturing, Healthcare, Retail and E-commerce, Automotive, Logistics and Transportation, Power and Utilities, Oil and Gas, Education and Others.

By Geography: North America (the US, Canada and Mexico), Europe (Germany, the UK, France, Italy, Spain and Others), APAC (China, Japan, South Korea, India, Australia and Others), South America (Brazil, Argentina and Others) and RoW (the Middle East and Africa).

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Key Takeaways

● The Smart wearables segment by product type in the Artificial Intelligence Market is expected to grow the fastest at a CAGR of 39.2%, during the forecast period 2024-2030. The widescale adoption of AI in smart wearables is for upgrading the real-time monitoring features of smart connected devices.

● The Healthcare segment by end-users in the Artificial Intelligence Market is expected to grow the fastest at a CAGR of 39.5%, during the forecast period 2024-2030. The increased adoption of AI in the healthcare sector for upgrading medical infrastructure with accurate and real-time monitoring systems would provide uninterrupted patient care services.

● In 2023, North America held the largest market share of 38% in the Artificial Intelligence Market in terms of revenue. The widescale use of AI in this region is due to the government's efforts to encourage the adoption of AI-enabled solutions for the effective management of internet systems and delivery of uninterrupted services.

● The increased deployment of AI in the Education sector for modernizing infrastructures with intelligent connected devices to deliver uninterrupted education is driving the market growth.

Artificial Intelligence Market Segment Analysis - by Product

The Artificial Intelligence Market by product types has been segmented into medical devices, connected consumer devices, smart wearables, home appliances, electronic gadgets, mobiles, laptops & PCs, robots, industrial systems, cameras, AR/VR, drones and others. The Smart wearables segment in the Artificial Intelligence Market is expected to grow the fastest at a CAGR of 39.2%, during the forecast period 2024-2030. The widescale adoption of AI in smart wearables is for upgrading the real-time monitoring features of smart connected devices. Rising demand for AI-based IoT devices such as fitness bands among consumers to track their health vitals is also significantly contributing to market growth in this sector. In November 2023, GE HealthCare launched an ultra sound imaging highlighting Venue Family point-of-care ultrasound systems, an AI technology delivering real-time guidance capturing diagnostic-quality cardiac images and LOGIQ E10 Series, featuring Verisound Digital & AI Solutions.

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Artificial Intelligence Market Segment Analysis - by End-users

The Artificial Intelligence Market by end-users has been segmented into BFSI, IT and telecommunication, government, defense, manufacturing, healthcare, retail and e-commerce, automotive, logistics and transportation, power and utilities, oil and gas, education and others. The Healthcare segment in the Artificial Intelligence Market is expected to grow the fastest at a CAGR of 39.5%, during the forecast period 2024-2030. The healthcare sector is increasingly opting for AI technology to upgrade medical infrastructure and establish precise, real-time monitoring systems to deliver unhindered medical care services. In March 2023, Medtronic and NVIDIA collaborated to integrate Holoscan and IGX, NVIDIA's real-time AI software, into medical devices, aiming to enhance AI innovation and accelerate medical device development.

Artificial Intelligence Market Segment Analysis - by Geography

The Artificial Intelligence Market by geography is segmented into North America, Europe, APAC, South America and RoW. North America held the largest market share of 38% in the Artificial Intelligence Market in terms of revenue, in 2023. The widescale use of AI in this region is due to the government's efforts to encourage the adoption of AI-enabled solutions for the effective management of internet systems and delivery of uninterrupted services. Growing e-commerce and online streaming segments are also boosting demand for AI-based automated systems. According to Networking and Information Technology Research and Development U. S. government spent on artificial intelligence (AI) contracts hit $3.3 billion in fiscal year 2022. This investment highlights substantial market growth, emphasizing AI's increasing significance and demand.

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Artificial Intelligence Market Drivers

The increased deployment of AI in the Education sector for modernizing infrastructure with intelligent connected devices to deliver uninterrupted education:

The teaching and learning processes have been greatly improved in recent years using AI in the education industry. AI-powered solutions are being rapidly adopted by EdTech companies to modernize iinfrastructure with intelligent connected devices and provide continuous education to consumers from anywhere in the world. AI offers several benefits, such as personalized material, tutoring, 24-hour access and task automation. AIM, NITI Aayog, CBSE, and Intel India initiates a groundbreaking collaboration, investing USD 1.35 billion in Artificial Intelligence (AI) over the next five years to revolutionize education. This strategic investment aims to integrate AI solutions, fostering innovation and enhancing the learning landscape.

The widespread use of AI in defense for upgrading the security and networking infrastructure with intelligent features:

AI-based technology is being rapidly adopted by the defense industry in several domains, including security systems and medical devices. AI-based military equipment handles a massive amount of data and remote monitoring systems more effectively. In July 2022, the Defense Minister of India launched 75 newly developed Artificial Intelligence (AI) products/technologies during the first-ever 'AI in Defense' symposium and exhibition, organized by the Ministry of Defense in New Delhi. AI-based products launched include AI platform automation, autonomous/unmanned/Robotics systems and intelligent monitoring systems with 90% enhanced productivity.

Artificial Intelligence Market Challenge

High Initial cost of setting up AI in a system or product:

The development of AI-based systems requires lots of time, resources, a skilled workforce and significant monetary investments. The development of AI-based systems requires updated hardware and software. It also requires highly skilled AI/ML engineers who demand a high pay range. The overall production cost is quite expensive and not affordable for all. According to Aalpha company, AI will cost at least $35,000 to build a customized analysis system, while it will cost $60000 to create a customized chatbot. 80% of medium and small businesses with restricted budgets cannot afford the high budget to create their own AI solutions, which could impede market expansion.

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Key Market Players

Product launches, collaborations and R&D activities are key strategies adopted by players in the Artificial Intelligence Market. The top 10 companies in the Artificial Intelligence market are:

Google LLC

Microsoft Corporation

Intel Corporation

Samsung Electronics Co., Ltd.

IBM Corporation

Amazon Web Services Inc.

Oracle Corporation

Salesforce, Inc.

Siemens AG

Huawei Technologies Co., Ltd.

Recent Developments

● In February 2022, Forbes in their Artificial Intelligence market report stated that 50% of enterprises planned to spend more on AI-based cloud computing and machine learning to enhance customer relationship management in 2021.

● In July 2022, IBM Corporation strategically acquired Databand.ai, enhancing its data observability capabilities in the AI landscape. This acquisition aligns with IBM's commitment to bolstering its hybrid cloud and AI expertise, reinforcing its position to capture emerging opportunities in the rapidly growing market for data observability.

[amrutmnm]

Market Forecast: Small Caliber Ammunition Growth to 2029

The Global Small Caliber Ammunition Market is experiencing significant growth, driven by increased defense spending, rising geopolitical tensions, and the modernization of armed forces. The consumption of small-caliber ammunition is expected to grow from 7,003 Million units in 2024 to 8,661 Million units by 2029. This growth reflects a Compound Annual Growth Rate (CAGR) of 4.3%, with market size projected to increase from USD 5.7 Billion in 2024 to USD 7.0 Billion by 2029. This analysis delves into the market statistics, market size, trends, and key factors influencing the Small Caliber Ammunition Industry.

Market Dynamics

Drivers

Increasing Terrorism Incidents and Rising Geopolitical Tensions

The rise in armed conflicts due to geopolitical tensions, political instabilities, and economic inequalities has significantly driven the demand for small-caliber ammunition. Territorial conflicts, ceasefire violations, wars, and cross-border terrorism in regions such as South Asia, the Middle East, and Eastern Europe have escalated the need for military readiness and personal security.

Ongoing conflicts between Russia and Ukraine, the civil war in Syria, and tensions between China and Southeast Asian countries have led to increased procurement of small-caliber ammunition. Additionally, incidents such as the 2023 Israel-Hamas conflict and skirmishes between India and Pakistan along the Line of Control (LOC) further amplify the demand for ammunition.

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Restraints

Regulatory Restrictions

The production, sale, and distribution of small-caliber ammunition are subject to stringent regulatory controls, varying across different countries. These regulations aim to ensure public safety and international security but can significantly impact market operations. Companies such as General Dynamics (US), Rheinmetall AG (Germany), and BAE Systems (UK) must navigate complex legal landscapes, which can affect sales, revenues, and profit margins. Regulatory restrictions can also invite administrative and criminal actions if not adhered to, posing a significant challenge for manufacturers.

Opportunities

Advancements in Small Caliber Ammunition Due to Increased R&D Expenditure

Continuous research and development (R&D) have led to significant advancements in small-caliber ammunition, enhancing performance, reducing environmental impact, and increasing operational efficiency. For instance, the introduction of the 5.56 mm M855A1 by the US Army, featuring a lead-free design with a copper core and steel tip, offers improved penetration and reduced environmental footprint.

Innovations in manufacturing techniques, such as modernized armor-piercing 7.62 mm and 5.56 mm bullets, and the development of shorter assault rifles with no significant decrease in effectiveness, create growth opportunities. Companies like Northrop Grumman Corporation (US) are developing advanced ammunition, such as the 57 mm guided munition for the Mk110 Naval Gun Mount, designed to counter fast-moving surface threats and drones.

Challenges

International Ammunition Control Measures

International measures to control ammunition use, including export controls, trade sanctions, and arms restrictions, present a prominent challenge. These regulations aim to prevent arms proliferation, particularly in conflict zones and countries with poor human rights records. For example, the United Nations enforces arms restrictions on countries like North Korea and other conflict regions, limiting the export of small caliber ammunition. Manufacturers must navigate these complex legal frameworks, affecting their market strategies and operations.

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Market Segmentation

This Research Report Categorizes the Small Caliber Ammunition Market Based on Application, Caliber Type, Bullet Type, Lethality, and Region:

By Application:

Military

Homeland Security

By Caliber Type:

9 mm Parabellum

5.56 mm

7.62 mm

12.7 mm

14.5 mm

.338 Lapua Magnum

.338 Norma Magnum

Others

By Bullet Type:

Lead

Copper

Brass

Others

By Lethality:

Lethal

Less- Lethal

By Region:

North America

Europe

Asia Pacific

Middle East

Latin America

Africa

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By Caliber

Others Segment

The "Others" segment, including calibers such as .357 SIG, .40 SIG, shotgun cartridges, 4.6mm, .308 Winchester, and 5.8mm ammunition, is estimated to account for the largest market share during the forecast period. These calibers offer unique advantages in terms of range, stopping power, and compatibility with specialized firearms, driving their demand among specialized units.

By Bullet Type

Copper Segment

The copper bullet segment is anticipated to dominate the market due to its superior ballistic performance and environmental friendliness. Copper bullets offer enhanced accuracy and performance and are less prone to fragmenting, which is crucial in combat and law enforcement scenarios. Their non-toxic nature addresses environmental and health concerns associated with traditional bullets, further driving market growth.

By Region

Asia-Pacific

The Asia-Pacific region is projected to account for the largest market share during the forecast period. Increasing regional tensions, military spending, and military modernization initiatives drive market growth in this region. Countries like China, India, and Japan are investing significantly in defense capabilities, including the procurement of advanced weaponry and ammunition, to enhance national security and maintain regional power dynamics.

Key Market Players

The Small Caliber Ammunition Companies is dominated by globally established players, including:

Elbit Systems Ltd. (Israel)

Thales (France)

Olin Corporation (US)

General Dynamics Corporation (US)

Nammo AS (Norway)

These companies are key manufacturers and solution providers in the market, securing significant contracts and developing new products to meet the increasing demand for small caliber ammunition. The focus on contracts and new product development underscores the importance of innovation and strategic partnerships in driving market growth.

The global Small Caliber Ammunition market is poised for substantial growth, driven by increasing defense spending, rising geopolitical tensions, and advancements in ammunition technology. Despite challenges such as regulatory restrictions and international control measures, the market is expected to grow at a CAGR of 4.3%, reaching USD 7.0 billion by 2029.

Key trends, such as the adoption of advanced ammunition with enhanced performance and environmental benefits, will shape the future of the market. The presence of major players and continuous R&D investments will ensure the development of efficient, reliable, and sustainable small caliber ammunition, catering to the evolving needs of military and law enforcement agencies globally.

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Friday, June 7, 2024

Financial instability in the middle class (Bloomberg) Almost two-thirds of Americans considered middle class said they are facing economic hardship and don’t anticipate a change for the rest of their lives, according to a poll commissioned by the National True Cost of Living Coalition. By many traditional measures, the US economy is strong, with robust labor, housing and stock markets, as well as solid gross domestic product growth. But the data don’t capture the financial insecurity of millions of households who worry about their future and are unable to save, according to the group, formed this year by two anti-poverty organizations that seek to come up with cost-of-living tools that help gauge economic well-being. In the large poll of 2,500 adults, 65% of people who earn more than 200% of the federal poverty level—that’s at least $60,000 for a family of four, often considered middle class—said they are struggling financially. A sizable share of higher-income Americans also feel financially insecure. The survey found that a quarter of people making over five times the federal poverty level—an annual income of more than $150,000 for a family of four—worry about paying their bills.

The Age of the Drone Police Is Here (Wired) On a Wednesday afternoon in August, Daniel Posada and his girlfriend were screaming at each other at a bus stop when someone called 911. From a rooftop a mile away, the Chula Vista Police Department started the rotors of a 13-pound drone. The machine lifted into the air with its high-resolution camera rolling. Equipped with thermal imaging capabilities and a powerful zoom lens, it transmitted a live feed of everything it captured to a sworn officer monitoring a screen at the precinct, to the department’s Real-Time Operations Center, and to the cell phone of the responding officer racing to the scene. Posada says the argument wasn’t serious and that it didn’t warrant such a high-tech police response. As police departments look to expand their use of unmanned aerial aircraft, no agency has embraced the technology quite like the CVPD. Police drones crisscross the skies of Chula Vista daily—nearly 20,000 times since 2018—and are often first to appear above the sites of noise complaints, car accidents, overdoses, domestic disputes, and homicides. Your city could be next.

Spare a thought for weather watcher Maureen Sweeney who made the right call for D-Day (AP) Along with the generals and the paratroopers, the pilots and the infantrymen, spare a thought for the young Irish woman who may have played the most important role of all in making the D-Day landings a success. Maureen Sweeney was a postal clerk at Blacksod Point on the northwest coast of Ireland, where one of her duties was to record data that fed into weather forecasts for the British Isles. In early June 1944, Sweeney sent a series of readings that helped persuade Gen. Dwight D. Eisenhower, the supreme commander of Allied forces in Europe, to delay D-Day and avoid potentially disastrous weather that could have wrecked the landings. She didn’t learn of her role in history for more than 10 years. “It’s something to remember for a lifetime,” Sweeney told her grandson in an interview filmed before she died last December. “It’s the only time they ever noticed our forecasts. The one that counted. And set the world alight.”

Fears about European competitiveness (NYT) Europe’s share of the global economy is shrinking, and fears are deepening that the continent can no longer keep up with the United States and China. “We are too small,” said Enrico Letta, a former Italian prime minister who recently delivered a report on the future of the single market to the European Union. “We are not very ambitious,” Nicolai Tangen, head of Norway’s sovereign wealth fund, the world’s largest, told The Financial Times. “Americans just work harder.” “European businesses need to regain self-confidence,” Europe’s association of chambers of commerce declared. The list of reasons for what has been called the “competitiveness crisis” goes on: The European Union has too many regulations, and its leadership in Brussels has too little power. Financial markets are too fragmented; public and private investments are too low; companies are too small to compete on a global scale.

As Ukraine’s Summer Starts With Blackouts, Worries Over Winter Begin (NYT) Skyscrapers are without electricity up to 12 hours a day. Neighborhoods are filled with the roar of gas generators installed by cafes and restaurants. And at night, streets are plunged into darkness for lack of lighting. That is the new reality in Ukraine, where the approach of summer has offered no respite for the country’s power grid, but has instead brought a return to the kind of energy crisis experienced during its first winter at war, a year and a half ago. In recent months, Russian missile and drone attacks on Ukraine’s power plants and substations have left the country’s energy infrastructure severely hobbled. As a result, the Ukrainian authorities have ordered nationwide rolling blackouts for this week. While power shortages in the summer can leave people uncomfortably hot in dark apartments, they pose a more deadly risk in the winter.

Rahul Gandhi, Long on the Ropes, Looks Set for an Unexpected Comeback (NYT) Just last year, Rahul Gandhi and the once-powerful party he led, the Indian National Congress, seemed to be on the ropes and little threat to Prime Minister Narendra Modi’s consolidation of political power. Congress had not been a competitive factor in national elections in years, winning fewer and fewer votes each time Mr. Modi’s Bharatiya Janata Party was elected. And Mr. Gandhi himself had been convicted on a slander charge and barred from holding a seat in Parliament. But on Tuesday, Mr. Gandhi and a broad opposition coalition led by his Congress party registered a far stronger showing than expected in India’s elections, setting the stage for an unlikely comeback. “He has finally arrived,” said Rasheed Kidwai, a fellow at the Observer Research Foundation, a think tank in New Delhi. “This time he has improved his vote share by at least 17 million votes, which is very substantial.”

Israel Secretly Targets U.S. Lawmakers With Influence Campaign on Gaza War (NYT) Israel organized and paid for an influence campaign last year targeting U.S. lawmakers and the American public with pro-Israel messaging, as it aimed to foster support for its actions in the war with Gaza, according to officials involved in the effort and documents related to the operation. The covert campaign was commissioned by Israel’s Ministry of Diaspora Affairs, a government body that connects Jews around the world with the State of Israel, four Israeli officials said. The ministry allocated about $2 million to the operation and hired Stoic, a political marketing firm in Tel Aviv, to carry it out, according to the officials and the documents. The campaign began in October and remains active on the platform X. At its peak, it used hundreds of fake accounts that posed as real Americans on X, Facebook and Instagram to post pro-Israel comments. The accounts focused on U.S. lawmakers, with posts urging them to continue funding Israel’s military. ChatGPT, the artificial intelligence-powered chatbot, was used to generate many of the posts. The campaign also created three fake English-language news sites featuring pro-Israel articles. Despite testimony from four different officials and a paper trail verified by the New York Times, Israel’s government denies its involvement.

Mass graves in al-Shifa (BBC) On 1 April, Israeli forces pulled out of Gaza’s vast al-Shifa hospital complex, following a surprise raid described by the Israeli government as “precise and surgical”. In the weeks that followed, Palestinian search teams pored over burnt-out ruins, finding four mass graves. They say several hundred bodies have been found. Working with a journalist in Gaza, Yolande Knell and Rushdi Abu Alouf have heard from many Gazans about their experience coming back to al-Shifa, which they said reeked of death. Israel has said that “over 200 terrorists” were killed in and around the complex, and that there was “not a single civilian casualty” from its raid. However, my colleagues have been given strong testimony that there were Palestinian civilians killed by heavy Israeli bombardment and intense shooting in the surrounding neighbourhood. The UN Security Council, US and European Union have called for an independent investigation into possible war crimes.

Israel used U.S. munitions in deadly strike on U.N. school, experts say (Washington Post) Israeli fighter jets appear to have used U.S.-made munitions in a strike that killed dozens of people inside a U.N. school in the central Gaza Strip on Thursday, according to two weapons experts who examined verified footage from the debris. The nose cones of two GBU-39 small diameter bombs were visible in footage taken by an eyewitness, Emad Abu Shawish, in the aftermath of the strike in the Nuseirat refugee camp. His images were verified by Storyful and independently geolocated by The Washington Post.

A War on the Nile Pushes Sudan Toward the Abyss (NYT) The gold market is a graveyard of rubble and dog-eaten corpses. The state TV station became a torture chamber. The national film archive was blown open in battle, its treasures now yellowing in the sun. Artillery shells soar over the Nile, smashing into hospitals and houses. Residents bury their dead outside their front doors. Others march in formation, joining civilian militias. In a hushed famine ward, starving babies fight for life. Every few days, one of them dies. Khartoum, the capital of Sudan and one of the largest cities in Africa, has been reduced to a charred battleground. A feud between two generals fighting for power has dragged the country into civil war and turned the city into ground zero for one of the world’s worst humanitarian catastrophes. As many as 150,000 people have died since the conflict erupted last year, by American estimates. Another nine million have been forced from their homes, making Sudan home to the largest displacement crisis on earth, the United Nations says. A famine looms that officials warn could kill hundreds of thousands of children in the coming months and, if unchecked, rival the great Ethiopian famine of the 1980s.

Want to Pay Cash? That’ll Cost You Extra (WSJ) When Noa Khamallah recently tried to pay cash for popcorn and soda at Yankee Stadium, his almighty dollars struck out. The stadium’s concession stands no longer take cash. An employee directed him to a kiosk that could convert his greenbacks into plastic. Khamallah, 41 years old, fed $200 into the reverse ATM, which subtracted a $3.50 fee and spat out a debit card with a balance of $196.50. Paying with cash used to be a way to get a discount. These days it can often cost an extra $1 to $6—the sort of transaction fees once limited to swiping a credit card or using an out-of-network ATM. Reverse ATMs like those at Yankee Stadium are now common at cashless venues and restaurants across the country as a way to cater to those who prefer paying in cash. People who want to pay their parking tickets, tolls, taxes or phone bills in cash, meanwhile, often learn that government agencies and businesses have outsourced that option to companies that usually charge a fee.

[trendingrepots]

Axial Flux Motor Market – Forecast (2023-2028)

Axial Flux Motor Market Report Overview

The Axial Flux Motor market size is forecast to reach USD 1387.7 million by 2030, after growing at a CAGR of 11.8% during the forecast period 2024-2030. Axial flux motors are suited for applications that require a high torque density in a small footprint. Axial flow drives are also known as flattened and pancake electrically commutated motors due to their extremely low axial length-to-diameter ratio. It delivers more torque and power density than radial flux motors while using the same electrical components. When an axial flux motor has this feature, the battery lasts longer, making these motors more economically viable.

Axial flux motors are being used more frequently in a variety of new industries, including electric bikes, delivery vehicles, airport pods, electric cars, and even airplanes owing to the recent technology breakthroughs and a push towards electrification. The axial flux type was the first motor to be created in history. Therefore, it is difficult to imagine that these motors have found such a wide range of applications in the past two decades. First, it was extensively utilized for storage needs in the agricultural industry and elevators. Additionally, as axial flux motors are more efficient than radial motors, the market for them is expected to create considerable profits over the course of the projection period. Compared to a radial motor, this motor's small length offers great torque over speed. Additionally, when employed in the automotive industry, its small size and low weight reduce the weight of automobiles.  In 2022, North America held 34.54% market share of the axial flux motor market, and is expected to grow at a significant compounded annual growth rate of 11.9% during the forecast period (2023-2030). The region is a hub for electric vehicle (EV) manufacturing and innovation, with automakers increasingly adopting axial flux motors for their EVs. Additionally, the growing renewable energy sector, including wind power projects, contributes to the demand for these motors. Asia Pacific, led by China, is a rapidly growing market for axial flux motors, driven by its extensive manufacturing capabilities and increasing adoption of electric vehicles. With the ever-expanding adoption of electric vehicles (EVs) in the region, China has emerged as a global leader in the EV market, which in turns fuels the demand for axial flux motors to new heights. 

Furthermore, using axial motors minimizes vehicle weight by reducing the amount of space occupied by machinery. Transportation corporations' growing investment in the electric vehicle market would give substantial growth opportunities for the Axial Flux Motor Market. Product demand is expected to benefit from a growing focus on refining design and manufacturing processes in order to produce better products with greater efficiency, which further enhances the industry expansion for permanent magnet synchronous motors. Rising awareness of environmental preservation around the world is predicted to boost the adoption of electric vehicles and heat recovery ventilation, which will drive axial flux motor demand in 2024-2030.

Report Coverage

The report “Axial Flux Motor Market – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Axial Flux Motor market.

By Cooling Process: Air Cooling, Liquid Cooling.

By Power: 1kw-15kw, 15kw-80kw, 80kw-160kw, Above 160kw.

By Application: Electric Passenger Vehicles, Commercial Vehicles, Industrial Machinery, Elevators, Robotics Actuators, and Propulsion Systems, Aircrafts & Electric Glider Planes, Yachts & Electric Boats, Electric Drones, Others.

By End-User Industry: General Manufacturing, Power, Construction, Automotive, Aerospace, Marine, Agriculture, Others.

By Geography:  North America, South America, Europe, APAC, and RoW.

Key Takeaways

• The Electric Passenger Vehicles segment is expected to grow at a CAGR of 12.6% during the forecast period 2024-2030 owing to the increase in government initiatives and key players strategic approaches to maintain the dominance.

• Automotive dominated the Axial Flux Motor Market with a revenue of $238.06m in 2023 and is projected to reach $477.11m by 2030 and is also set to be the fastest-growing segment with a CAGR of 10.6% during the forecast period 2024-2030. Axial flux electric motors are in high demand across a variety of vehicle industries and across numerous geographical locations, thanks to the continuously developing automotive sector.

• Europe region is dominating the Axial Flux Motor Market with revenue of $186.68 m in 2023 and is estimated to grow at a CAGR of 11.9% during the forecast period of 2024-2030 to generate a revenue of $405.55m in 2030. The government's aggressive measures for the adoption of electric vehicles have aided the sector's massive growth throughout Europe.

• The growing demand for high power density axial flux motors is enhancing the industry expansion and is set to positively impact the market growth.

[industryarcreport]

Artificial Intelligence Market ,Size, Market Statistics and Future Forecasts to 2030

Artificial Intelligence Market Overview

The Artificial Intelligence Market is estimated to reach US$400.9 billion by 2027, growing at a CAGR of 37.2% during the forecast period 2022-2027. Artificial Intelligence (AI) refers to a recreation of human intelligence functions by machines. It is used in the internet of things for multiple tasks including cloud computing, customer relationship management, data analysis, facial recognition technology, fraud detection and predictive analysis. The widescale adoption of Artificial Intelligence in various sectors on a global scale is for updating systems with intelligent features to enhance operational efficiency. In October 2022, Google Cloud introduced an AI-enabled medical imaging suite for use in the healthcare sector. It would reduce manual work done by radiologists as it has storage, datasets and an AI pipeline for imaging.

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Artificial Intelligence Market Report Coverage

The “Artificial Intelligence Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Artificial Intelligence Market.

By Offering: Hardware, Software and Services.

By Technology: Machine Learning, Natural Language Processing, Context-Aware Computing and Computer Vision.

By Deployment: On-premises and Cloud.

By Organization Size: Small and Medium Enterprises and Large Enterprises.

By Product: Medical devices, Connected Consumer Devices, Smart Wearables, Home appliances, electronic gadgets, Mobiles, Laptops & PCs, Robots, Industrial Systems, Cameras, AR/VR, Drones and Others.

By Application: Industrial processes, Medical Assistance and Diagnosis, Marketing and sales, Security systems, Finance, Supply chain management, Service deployment, Cloud computing, Customer relationship management, Data analysis, Facial recognition technology, Fraud detection, Predictive analysis and Others.

By End-users: BFSI, IT and Telecommunication, Government, Defense, Consumer Electronics, Manufacturing, Healthcare, Retail and E-commerce, Automotive, Logistics and Transportation, Power and Utilities, Oil and Gas, Education and Others.

By Geography: North America (the US, Canada and Mexico), Europe (Germany, the UK, France, Italy, Spain and Others), APAC (China, Japan, South Korea, India, Australia and Others), South America (Brazil, Argentina and Others) and RoW (the Middle East and Africa).

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Key Takeaways

The Smart wearables segment by product type in the Artificial Intelligence Market is expected to grow the fastest at a CAGR of 39.2%, during the forecast period 2022-2027. The widescale adoption of AI in smart wearables is for upgrading the real-time monitoring features of smart connected devices.

The Healthcare segment by end-users in the Artificial Intelligence Market is expected to grow the fastest at a CAGR of 39.5%, during the forecast period 2022-2027. The increased adoption of AI in the healthcare sector for upgrading medical infrastructure with accurate and real-time monitoring systems would provide uninterrupted patient care services.

In 2021, North America held the largest market share of 38% in the Artificial Intelligence Market in terms of revenue. The widescale use of AI in this region is due to the government's efforts to encourage the adoption of AI-enabled solutions for the effective management of internet systems and delivery of uninterrupted services.

The increased deployment of AI in the Education sector for modernizing infrastructures with intelligent connected devices to deliver uninterrupted education is driving the market growth.

[farhan2004]

Drone Battery Market Industry Outlook, Size, Growth Factors and Forecast 2034

The Drone Battery market report offered by Reports Intellect is meant to serve as a helpful means to evaluate the market together with an exhaustive scrutiny and crystal-clear statistics linked to this market. The report consists of the drivers and restraints of the Drone Battery Market accompanied by their impact on the demand over the forecast period. Additionally, the report includes the study of prospects available in the market on a global level. With tables and figures helping evaluate the Global Drone Battery market, this research offers key statistics on the state of the industry and is a beneficial source of guidance and direction for companies and entities interested in the market. This report comes along with an additional Excel data-sheet suite taking quantitative data from all numeric forecasts offered in the study.

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Key players offered in the market: Amperex Technology Limited Autel Robotics Genspow GmbH Parrot Skydio SZ DJI Technology Co., Ltd. Uvify Inc. Venom Power Yuneec

Additionally, it takes account of the prominent players of the Drone Battery market with insights including market share, product specifications, key strategies, contact details, and company profiles. Similarly, the report involves the market computed CAGR of the market created on previous records regarding the market and existing market trends accompanied by future developments. It also divulges the future impact of enforcing regulations and policies on the expansion of the Drone Battery Market.

Scope and Segmentation of the Drone Battery Market

The estimates for all segments including type and application/end-user have been provided on a regional basis for the forecast period from 2024 to 2034. We have applied a mix of bottom-up and top-down methods for market estimation, analyzing the crucial regional markets, dynamics, and trends for numerous applications. Moreover, the fastest & slowest growing market segments are pointed out in the study to give out significant insights into each core element of the market.

Drone Battery Market Type Coverage: - Below 3,000 mAh 3,000-5,000 mAh 5,000-10,000 mAh Above 10,000 mAh

Drone Battery Market Application Coverage: - Small Drones Micro Drones Others

Regional Analysis:

North America Country (United States, Canada) South America Asia Country (China, Japan, India, Korea) Europe Country (Germany, UK, France, Italy) Other Countries (Middle East, Africa, GCC)

Also, Get an updated forecast from 2024 to 2034.

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The comprehensive report provides:

Complete assessment of all opportunities and threats in the global market.

Drone Battery Market recent advancements and major events.

A thorough study of business policies for the growth of the Drone Battery Market leading players.

Concluding study about the growth plot of Drone Battery Market for upcoming years.

Detailed understanding of Drone Battery Market particular drivers, restraints, and major micro markets.

Favorable impression inside vital technological and market latest trends hitting the Drone Battery Market.

Reasons to Purchase Drone Battery Market Research Report

Develop a competitive approach based on the competitive landscape

Build business strategy by identifying the high growth and attractive Drone Battery market classifications

Identify potential business partners, gaining targets and business buyers

Design financial investment policies based on estimated high potential segments

Prepare management and tactical presentations using the Drone Battery market data

Plan for new product promotion and portfolio in advance

Covid-19 Impact Analysis: Our research analysts are highly focused on the Drone Battery Market covid-19 impact analysis. A whole chapter is dedicated to the covid-19 outbreak so that our clients get whole and sole details about the market ups & downs. With the help of our report the clients will get vast statistics as to when and where should they invest in the industry.

About Us: Reports Intellect is your one-stop solution for everything related to market research and market intelligence. We understand the importance of market intelligence and its need in today's competitive world.

Our professional team works hard to fetch the most authentic research reports backed with impeccable data figures which guarantee outstanding results every time for you.

Contact Us: sales@reportsintellect.com Phone No: + 1-706-996-2486 US Address: 225 Peachtree Street NE, Suite 400, Atlanta, GA 30303

[industrialresearch]

Construction 4.0 Industry Analysis and Forecast 2031 | By Composition, Type, Application, End User and Region.

According to AMR, The construction 4.0 market size was valued at $11.9 billion in 2021, and is estimated to reach $62.2 billion by 2031, growing at a CAGR of 17.7% from 2022 to 2031.

The major players profiled in the construction 4.0 market include Advanced Opto-Mechanical Systems and Technologies Inc, ABB Ltd, Autodesk Inc, CalAmp Corporation, Hexagon AB, Hilti Corporation, Mitsubishi Electric Corporation, Oracle Corporation, Topcon Corporation, and Trimble, Inc.

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Top Impacting Factors: The construction industry's growing need for automation and worker safety, as well as the availability of accessible, energy-efficient technology like industrial robots and artificial intelligence, in the construction industry drive the growth of the construction 4.0 market. In addition, the need for construction technologies such as IoT, virtual reality, and others increases as efficiency and productivity on building sites improve, fueling the market's expansion. The construction 4.0 market share is expanding as a result of the usage of IoT, AI, and BIM-based technologies in construction sites with the use of drones, CCTV cameras, and sensors to collect real-time data about workers, inventories, and ongoing activities. The construction industry also uses industrial robots to create large structures and demolish buildings, which boosts demand for industrial robots and expands the market. Enquire Before Buying @ https://www.alliedmarketresearch.com/purchase-enquiry/A10229

Key Segmentation Based On: The global construction 4.0 market is segmented on the basis of solution, technology, application, end user, and region. By Solution: the construction 4.0 market is fragmented into hardware, software, and services. By Technology, the global construction 4.0 market is categorized into IoT, artificial intelligence, industrial robots, and others. By Application, the market is divided into asset monitoring, predictive maintenance, fleet management, wearables, and others. By end user, the market is classified into residential and non-residential. By Region wise - the global construction 4.0 market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Request For Customization @ https://www.alliedmarketresearch.com/request-for-customization/A10229

Driving Factors Overview: Construction 4.0 refers to a current industrial revolution in the construction sector. It consists of technology to process massive amounts of data, including IoT, artificial intelligence, drones, sensors, industrial robots, and others. Cost and time savings, an improved perception of the construction business, increased production, and a focus on the client are all advantages of construction 4.0. The increasing use of IoT, 3D printing, and other technologies in construction aims to connect construction sites to achieve maximum productivity and reduce errors. The construction industry uses its IoT technologies such as sensors, smart wearables, building information modeling, augmented reality and RFID tags to improve productivity, optimize resource utilization and efficiently manage projects. increase.

About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. 

Contact us:

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[industrynewsupdates]

Collaborative Robots Market Size, Share, Growth and Industry Trends, 2030

The global collaborative robots market size was valued at USD 1.23 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 32.0%, from 2023 to 2030. The growth can be ascribed to the increasing adoption of collaborative robots, or cobots, in Small and Medium Enterprises (SMEs). These companies are increasingly investing in cobots to interact with humans in a shared workspace and automate manufacturing processes. The growth is further proliferated by technological advancements in the industry.

The integration of artificial intelligence and machine learning technologies in industrial robots is positively influencing the business space. Besides, the advent of 5G technology is also expected to stimulate the adoption of cobots in the manufacturing sector. The release of an industrial grade 5G wireless network by Nokia Corporation to meet the requirements of Industry 4.0 is a prominent example of such developments. The low-latency connectivity offered by 5G wireless solutions will help OEMs enhance robotic automation and increase the productivity, quality, and efficiency of the manufacturing processes.

The deployment of robots in industrial processes has also reduced the number of accident cases at workplaces. Moreover, they also significantly improve product quality, which is instigating their demand across various companies and enterprises. The increasing adoption of cobots in electronics, automotive, logistics, machine tooling, packaging, and assembling applications is expected to transform the outlook of the collaborative robots market over the foreseeable future.

Gather more insights about the market drivers, restrains and growth of the Collaborative Robots Market

Collaborative Robots Market Report Highlights 

• The mounting adoption of collaborative robots is seen in several industrial applications, as they serve as assisting devices for humans and enhance the overall efficiency and quality of the manufacturing processes

• The collaborative robots industry is expected to witness strong growth in the coming years with the increasing adoption of cobots across small and medium enterprises, as they are cost-effective and provide a higher return on investment

• Europe captured a sizeable revenue share of more than 30.0% in 2022 owing to the increased product application in electronics, logistics, and inspection verticals

• Key market players include ABB Group, EPSON Robots, DENSO Robotics, Energid Technologies Corporation, Fanuc Corporation, F&P Robotics AG, MRK-Systeme GmbH, and KUKA AG

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

• The global robotic platform market size was estimated at USD 9.97 billion in 2023 and is projected to grow at a CAGR of 5.9% from 2024 to 2030.

• The global drone charging station market size was estimated at USD 0.43 billion in 2023 and is expected to grow at a CAGR of 6.5% from 2024 to 2030.

Collaborative Robots Market Segmentation

Grand View Research has segmented the global collaborative robots market based on payload capacity, application, vertical, and region:

Collaborative Robots Payload Capacity Outlook (Revenue, USD Billion, 2018 - 2030)

• Upto 5kg

• Upto 10kg

• Above 10kg

Collaborative Robots Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Assembly

• Pick & Place

• Handling

• Packaging

• Quality Testing

• Machine Tending

• Gluing & Welding

• Others

Collaborative Robots Vertical Outlook (Revenue, USD Billion, 2018 - 2030)

• Automotive

• Food & Beverage

• Furniture & Equipment

• Plastic & Polymers

• Metal & Machinery

• Electronics

• Pharma

• Others

Collaborative Robots Regional Scope (Revenue, USD Billion, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o U.K.

o France

• Asia Pacific

o China

o Japan

o India

• South America

o Brazil

• Middle East and Africa

Order a free sample PDF of the Collaborative Robots Market Intelligence Study, published by Grand View Research.