#China Small Drones Market
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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.
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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.
#i have learned my lesson about buying random sus wholesale goods from (unnamed big box store that has all my data anyway) though#next time i go to the experts#(ie asian mom ladies at the state fair who presumably did not use a 3rd party broker in NYC)#(who looks like a predatory Karen and rebrands the random stinky wholesale stuff as if she was responsible for making it)#what a weird fucking economy we live in#geography#what is humanity if not an enormous effort to make stuff#ridiculous amounts of stuff#(so says capitalism?)#sleep deprived#very much so#if i made any embarrassing errors pls lmk so i can be embarrassed in the morning#i don't usually share my wikipedia research
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Small Unmanned Aerial System (UAS) Market - Forecast (2022 - 2027)
The market for Small Unmanned Aerial System (sUAS) is estimated to be $24.1 billion by 2026 and is analyzed to grow at a CAGR of 16.38% during the forecast period 2021-2026. APAC is growing at the highest CAGR of 19.08% in the forecast period owing to the rapid rise in investment for the defense, commercial and law enforcement bodies in the Asia Pacific region, which are mostly dominated by the countries such as China, India, Australia and South Korea. These countries are allotting a considerable budget for their defence & law enforcement grooming purposes. Besides, growing incidences of interpersonal stand-offs, border surveillance, asymmetric warfare, terrorist activities, preparation for the forthcoming combats, along with higher economic development and enhancement in the manufacturing industries, construction sector, and others are enhancing the market growth in the forecast period. South America is analyzed to grow at significant CAGR of 18.17% in the forecast period owing to the procurement of small UAS for ISR applications with synthetic aperture radar especially in countries like Brazil due to increasing defence budgets. Further in South America, small UAS and micro air vehicles are increasingly being adopted for industrial purposes, like surveying, mapping, mining, agriculture, and construction in the region. North America has dominated the market growth with 33% in 2020, owing to rising investment in the defense & homeland security budgets, especially in the United States, and higher development in the information technology & microelectronics industry is expected to fuel regional market growth substantially.
Report Coverage
The report: “Small Unmanned Aerial Systems Market Industry Outlook– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Small Unmanned Aerial Systems Market
By Type: Multi-Rotor, Fixed-Wing, Single-Rotor Helicopter, Fixed Wing Hybrid VTOL
By Size: Very Small UAS, Small UAS
By Range: Very Close Range, Close Range, Short Range, Mid Range, Long Range
By Endurance: Low Endurance-Low Altitude, Average Endurance-Low Altitude, Average Endurance-Average Altitude, High Endurance-High Altitude
By Energy Source: Traditional Fuel, Battery Cell, Fuel Cell, PVs and Others
By Level of Autonomy: Autonomous, Automatic
By Application: Recreation, Education, Industrial, Filmmaking, First Responder Services, Government Agencies, GIS, Oil and Gas, Agriculture, Others
By Geography: North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC (China, Japan India, Australia and Others), and RoW (Middle East and Africa, South America)
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Key Takeaways
Adding up to this the significant rise in the investments and contracts from defence sector of various countries is boosting the small-UAS market during the forecast period.
In January 2021, the French Defense Procurement Agency DGA chose Parrot SA, to supply its micro drones, ANAFI USA for three corps of the French Army.
In FY 2019 budget, the Department of Defense had requested around $9.39 billion fund for unmanned systems and associated technologies. This includes funding for the procurement of 3,447 new air, ground, and sea drones.
Small Unmanned Aerial Systems Market Segment Analysis – By Size
Very Small Unmanned aerial system is projected to reach US$ 12,787 million by 2026 and is estimated to grow at a CAGR 16.26% during 2021-2026. Very small unmanned aerial system consists of nano and macro UAS. Nano unmanned aerial systems are upto 250 gm and macro UAS are generally from 250 gm to 2 kg. This small size unmanned aerial system is hugely adopted for recreational purpose. There has been a high adoption of very small UAS owing to the rising demand for nano and macro-UAVs in precision agriculture offering strong potential to improve the efficiency of water, nutrient, and disease management. Such a wide range of applications of nano and macro UAS in agriculture sector is augmenting the market. Technological advancements in unmanned aerial system such as sensor miniaturization, flight precision, autonomy and cloud-based image processing are boosting the adoption of very small UAS in agriculture sector. Increasing penetration of nano and macro UAS in construction site for measuring real-time work progress or in mining sector to provide volumetric data on excavations has contributed to the growth of the market.
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Small Unmanned Aerial Systems Market Segment Analysis - By End Users
Among all the applications, the Recreational applications held a significant amount of market share in 2020 as they have a market share of $1.3 billion in 2020, growing at a CAGR of 18.37% during the period 2021-2026. The market is growing due to its wide adoption of monitoring and surveying of remote locations in the region. Moreover, commercial or recreational drones are also being used for monitoring disaster-affected areas, providing aid to the victims, and for search & rescue missions. The commercial small unmanned aerial system (UAS) market continues to grow globally and was accelerated in the wake of the COVID-19 pandemic response. Autonomy and artificial intelligence (AI) are, and will remain, the main drivers promoting commercial UAS adoption and associated market growth because autonomous flight reduces the need for expensive manpower whereas AI-driven data collection and processing reduces the time it takes to produce results that directly impact decision-making.
Small Unmanned Aerial Systems Market Segment Analysis - By Geography
Small Unmanned Aerial Vehicle Market in North America region held significant market share of 36.6% in 2020. The adoption of sUASs in military applications, commercial applications and others are also witnessing the growth of sUASs in North America. Furthermore, many organizations like AirMap, Drone Map, Teal, Drone Seed, Cape and Others have also funded different technologies related to Small Unmanned Aerial Systems thereby driving the growth of the market. In addition, the presence of countries like Canada, Mexico in North American region most of the drones used are commercial ones owing to recreational purposes. In 2019, the government has announced to spend $738 billion in Defense sector by 2020 for various operations including modernization of equipment's. Moreover, the Defense spending in the country is rapidly increasing due to increased threats from other countries. In the year 2018 Mexico had a defense budget of around $ 6,568 million in 2018, a 13.6% increase from 2017 and it is expected to increase in the forecast period. These factors have driven the growth of the market in this region.
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Small Unmanned Aerial Systems Market Drivers
Rise in application of small UAS by Armed forces and Other government agencies
The market for Small Unmanned Aerial Systems is likely to benefit enormously from the rising safety concerns of Armed forces and different agencies around various parts of the globe. The rise in the application of small UAVs by different Government agencies has been promoting the growth of Small Unmanned Aerial Systems in the global market. Increasing safety concerns of armed forces and government agencies, such as to conduct reconnaissance missions and track illegal activities without risking their lives has been a major driving factor for the growth of small UAS in global market. For instance, applications of autonomous small UAS for surveillance in army bases, border regions and places of gatherings provide visual data of any sort of threats instantly to the operators. Moreover, the application of small UAS for surveillance in base camps, military convoys to safeguard army personnel has been a major driving factor for its growth. On April 2021, Exyn Technologies, a leading manufacturer of aerial robotics launched their new ExynAero, an autonomous small UAS which is considered to be the highest level of aerial autonomy especially designed for high-risk environments.
Growing Applications in Logistics Sector
Growing applications of small UAS for Logistic applications due to the current Covid-19 pandemic, the Logistic sector of global level has been facing a severe decline in their growth. Several governments imposed strict lockdowns to safeguard their economies and reduce the spread of the virus by reducing human contact. To overcome this severe damage, many countries across the globe have opted for Logistic operations using small UAS. For instance, in March 2020, Zipeline International set up small UAS delivery facility and distribution center across South Africa and Ghana. They have been delivering various medical products, live-saving drugs and other healthcare requirements in quick time without human interaction. The application of small UAS is expected to increase over the near future. This is expected to drive the market for small UAS in global level. Moreover, in India, Directorate General of Civil Aviation (DGCA) gave approvals to brands like Dunzo, Spicejet, Zomato, and Swiggy to go ahead with BVLOS deliveries. These developments will bring major boost in forecast period for small UAS Market.
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Small Unmanned Aerial Systems Market Challenges:
Breach of Privacy
There has been several instance of breach of privacy in Europe with the application of small UAVs. The small size, ability to fly through low altitude and hard to detect makes small UAVs perfect for spying on people. This has also led to the ban of small UAVs across many countries in Europe. This is a key constraint for market growth for small UAVs in the region. Further, some countries have made it mandatory to have license to own any UAVs. Thus, this is for many consumers who were looking to purchase UAVs for leisure photography or as a entertainment device are now reluctant to go through the process of applying for license for purchasing small UAVs. In Jan 2021, EU announced its final set of rules for small unmanned aircrafts. The remote identification of UAVs has been levied to identify any UAV flying in the air. This is a key constrain in the market growth in small UAVs in Europe
Small Unmanned Aerial Systems Market Landscape
Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Small Unmanned Aerial Systems Market. Small Unmanned Aerial Systems Market top 10 companies include DJI, Aerovironment,Inc., Parrot Drones SAS, Precision AWK, Airbus SAS, Boeing, Lockheed Martin Corporation, General Atomics, Textron, Inc, Thales Group among others
Acquisitions/Product Launches
On October 2020, Parrot entered into a strategic partnership with Colorado Drone Chargers, the global leader in field ready, high speed small UAS charging systems. The partnership aimed to design a revolutionary charging system for the ANAFI USA batteries, allowing professionals to simultaneously charge four Parrot ANAFI USA 3400mAh flight batteries in the field and in less time than a standard charging system.
In 2020, UMS Skeldar launched V-150 UAV. The V-150 UAV is lightweighted with a takeoff weight of maximum 150kg. This UAV used signals intelligence equipment and infrared camera.
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#Small Unmanned Aerial System Market#Small Unmanned Aerial System Market price#Small Unmanned Aerial System Market size#Small Unmanned Aerial System industry#Small Unmanned Aerial System Market share#Small Unmanned Aerial System top 10 companies#Small Unmanned Aerial System Market report#Small Unmanned Aerial System industry outlook
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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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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.
#Collaborative Robots Market#Collaborative Robots Market size#Collaborative Robots Market share#Collaborative Robots Market analysis#Collaborative Robots Industry
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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.
#Artificial Intelligence Market#Artificial Intelligence Market size#Artificial Intelligence Market industry#Artificial Intelligence Market share#Artificial Intelligence Market top 10 companies#Artificial Intelligence Market report#Artificial Intelligence Market industry outlook
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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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#Small Caliber Ammunition#Small Caliber Ammunition Market#Small Caliber Ammunition Industry#Global Small Caliber Ammunition Market
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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.
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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.
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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.
#Artificial Intelligence Market#Artificial Intelligence Market Size#Artificial Intelligence Market Share#Artificial Intelligence Market Trends#Artificial Intelligence Market Growth
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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
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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.
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#Drone Battery Market#Drone Battery Market trends#Drone Battery Market future#Drone Battery Market size#Drone Battery Market growth#Drone Battery Market forecast#Drone Battery Market analysis
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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.
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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.
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https://www.advancemarketanalytics.com/reports/68621-global-logistics-automation-market
Logistics Automation Market Study Navigating the Future Growth Outlook (2023-2030)
Advance Market Analytics released a new market study on Global Logistics Automation Market Research report which presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. The research study provides estimates for Global Logistics Automation Forecast till 2027*.
Logistics automation refers to the application of automated machinery or computer software to improve the efficiency of logistics operations. Market players are focusing on technological developments in the logistics industry to improve their productivity. For instance, DHL Supply Chain invested USD 300 million in deploying new technology such as robotics, augmented reality, robotics process automation, IoT, and transportation control towers in 350 of its 430 North American facilities. Further, increasing demand for logistics automation from small and medium enterprises expected to drive the demand for logistics automation over the forecasted period.
Key Players included in the Research Coverage of Logistics Automation Market are:
Dematic Corporation (United States), Daifuku Co., Ltd. (Japan), Murata Machinery, Ltd. (Japan), Honeywell Intelligrated, Inc. (United States), KNAPP AG (Austria), Swisslog Holding AG (Switzerland), TGW Logistics Group GmbH (Austria) , SSI Schaefer AG (Switzerland), Mecalux, S.A. (Spain), VITRONIC (Germany), BEUMER Group (Germany), Toshiba Logistics Corporation (Japan), Jungheinrich AG (Germany), WiseTech Global Limited (Australia), System Logistics Spa (Italy), XPO Logistics (United States)
What's Trending in Market: Emphasizing On Chatbot and Robotics for Logistics Automation
The emergence of Blockchain technology for Logistics Automation
Rise in Adoption of Data Analytics and Big Data Logistics
Challenges: Security and Safety Issues with Logistics Automation
Lack of Acceptance in Emerging Economies
Opportunities: Emergence of Industry 4.0
Increasing Demand for Driverless Vehicles and Drones for Logistics Management
Rising Adoption of Logistics Automation in Small and Medium Enterprises
Market Growth Drivers: Robust Growth in E-Commerce Industry
Rise in Application of IoT Technology for Logistics Automation
Increasing Adoption of Logistic Automation for Warehouse & Storage Management
The Global Logistics Automation Market segments and Market Data Break Down by Organization Size (Small & Medium-sized Enterprises (SMEs), Large Enterprises), Industry Vertical (Retail & E-commerce, Manufacturing, Oil, Gas & Energy, Pharmaceuticals & Healthcare, Logistics & Transportation, Automotive, Aerospace & Defense, Food & Beverage, Chemicals, Others), Component (Warehouse & Storage Management, Transportation Management)
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To comprehend Global Logistics Automation market dynamics in the world mainly, the worldwide Logistics Automation market is analyzed across major global regions. AMA also provides customized specific regional and country-level reports for the following areas.
• North America: United States, Canada, and Mexico.
• South & Central America: Argentina, Chile, Colombia and Brazil.
• Middle East & Africa: Saudi Arabia, United Arab Emirates, Israel, Turkey, Egypt and South Africa.
• Europe: United Kingdom, France, Italy, Germany, Spain, Belgium, Netherlands and Russia.
• Asia-Pacific: India, China, Japan, South Korea, Indonesia, Malaysia, Singapore, and Australia.
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Can A Thumb-Sized Nuclear ☢️ Battery 🔋 Last 50 Years?
— By Jamie Seidel | January 25th, 2024 | Cosmos
A Chinese Company Says it is on the Verge of Mass Producing a 15mm x 15mm x 5mm 3-volt, 100 Microwatt Nuclear Battery – Which Lasts For Up To 50 Years – For Civilian Use. Source: Betavolt.
The race to build a nuclear battery is heating up, with a Chinese startup pitching a coin-sized device it says can keep producing a charge for 50 years.
Beijing-based Betavolt is joining a field that includes Australia’s PhosEnergy, which was given $2.3 million in 2022 to explore producing ultra-long-life batteries for the Department of Defence.
Betavolt is aiming for a much larger market with smaller devices powering mobile phones, laptops and drones.
“If policies permit, atomic energy batteries can allow a mobile phone to never be charged, and drones that can only fly for 15 minutes can fly continuously,” Betavolt says in a statement.
Public policy may be a problem. Existing coin-sized lithium-ion batteries can cause life-threatening injuries if swallowed as their charge can burn through a child’s oesophagus within a few hours.
Betavolt says the energy density of its tiny unit is 10 times that of similar-sized lithium batteries. But a small nuclear battery could pose an additional risk: beta radiation.
The proposed battery harnesses beta radiation released from a radioactive nickel isotope and converts this into electricity. Beta particles are not the most dangerous form of radiation. It is a high-speed, high-energy, but low-mass electron.
It cannot travel as far as an X-ray or carry as much energy as an alpha particle. And while it has sufficient impact to pierce several millimetres of skin, small amounts of shielding can provide adequate protection. Like a lithium-ion battery, the most significant health risk will likely be if ingested.
China’s Betavolt believes the potential for a long-life battery for drones, robotics and autonomous systems far outweighs any risk, adding its development puts China “way ahead” of European and American scientific research institutions and enterprises.
It says production has entered the pilot stage, with mass production expected in 2025.
Meanwhile, PhosEnergy is working with the University of Adelaide to exploit the relative safety of beta radiation isotopes as power packs for space-based satellites and rovers.
“In recent proof of concept experiments, GenX’s unique semiconductor-metal electrode configuration has been shown to effectively harvest power from the semiconductor layer when excited,” the company says.
“A demonstration unit is currently under construction with a prototype unit planned to follow, which will be tested in a space equivalent environment to allow commercial demonstration.”
— Jamie Seidel is a Freelance Journalist based in Adelaide, Australia. Originally Published by Cosmos as Can a Thumb-Sized Nuclear Battery last 50 Years?
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Smart Factory Market Key Companies, Growth and Forecast Report, 2030
The global smart factory market size was valued at USD 130.25 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9.8% from 2023 to 2030.
The market for smart factory is expected to expand due to several key factors, including increasing emphasis on energy efficiency, improved manufacturing productivity, and the establishment of advanced manufacturing infrastructures. Additionally, there are promising prospects for the adoption of collaborative robots and ongoing advancements in 3D printing technology, which are set to create lucrative opportunities for the market during the forecast period.
Artificial intelligence (AI) and machine learning (ML) are playing a pivotal role in smart factories. These technologies enable predictive maintenance, quality control, and process optimization. AI-driven analytics can uncover valuable insights from vast datasets, helping manufacturers make data-driven decisions. As AI capabilities continue to evolve, their integration into smart factories is expected to grow.
Gather more insights about the market drivers, restrains and growth of the Smart Factory Market
Smart Factory Market Report Highlights
• Based on technology, the Distributed Control Systems (DCS) segment accounted for the largest market share in 2022. This is attributed to the growing investments from the industrial sector, such as food & beverage, mining & metal, metallurgy, and electronics, in developing economies
• Based on field devices, the sensors segment is expected to expand at the highest CAGR by 2030, owing to their increasing self-sufficiency with low power consumption and integrated computing abilities
• Based on application, the automotive segment accounted for the largest revenue share in 2022 and is expected to continue the same trend over the forecast period. Automotive manufacturers are investing heavily in the development of smart manufacturing and automation to optimize production and reduce operating costs
• The Asia Pacific regional market accounted for the largest revenue share in 2022. This is attributed to the heavy investments of developing countries in smart technologies to keep abreast of international manufacturing standards and trends
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.
Smart Factory Market Segmentation
Grand View Research has segmented the global smart factory market based on technology, field devices, application, and region:
Smart Factory Technology Outlook (Revenue, USD Billion, 2018 - 2030)
• Distributed Control Systems (DCS)
• Enterprise Resource Planning (ERP)
• Human Machine Interface (HMI)
• Manufacturing Execution System (MES)
• Product Life Cycle Management (PLM)
• Program Logic Controller (PLC)
• Supervisory Controller and Data Acquisition (SCADA)
• Others
Smart Factory Field Devices Outlook (Revenue, USD Billion, 2018 - 2030)
• Sensors
• Industrial Robotics
• Machine Vision Systems
• Others
Smart Factory Application Outlook (Revenue, USD Billion, 2018 - 2030)
• Aerospace & Defense
• Automotive
• Energy & Power
• Food and Beverages
• Healthcare
• Semiconductor & Electronics
• Oil & Gas
• Others
Smart Factory Regional Outlook (Revenue, USD Billion, 2018 - 2030)
• North America
o U.S.
o Canada
• Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia Pacific
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o Rest of Middle East & Africa
Order a free sample PDF of the Smart Factory Market Intelligence Study, published by Grand View Research.
#Smart Factory Market#Smart Factory Market size#Smart Factory Market share#Smart Factory Market analysis#Smart Factory Industry
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