#smart factory and industrial automation market forecast

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Smart Factory and Industrial Automation Market - Forecast(2024 - 2030)

 Overview

The smart factory and industrial automation market is expected to be valued at $187.8 billion in 2018 and is expected to grow at a CAGR of 7.2% between 2019 and 2025. This market growth is due to the impact of evolution and adoption of the Internet of Things (IoT), industrial robots, smart automation solutions, and increasing emphasis on regulatory compliances. Industrial and commercial developments in the growing economies are also responsible for the growth of this market.

Industrial automation is defined as the automation of industrial processes through computers, communication systems, and process operators. Industrial automation minimizes human intervention in the industry and ensures a superior performance as compared to humans. Moreover, whereas, smart factory connects people, processes, and machines to enable advanced manufacturing with the optimized process reduced errors, improved quality, and eliminate waste.

Both smart factory and industrial automation enhance the productivity and quality of products and simultaneously decrease the production cost. Smart factory and industrial automation meet the demand for mass production with providing nominal human intervention, better quality, and less labor expenses, significantly reduce overall operational cost.

Report Coverage

The report: “Smart Factory and Industrial Automation Market – Forecast (2019-2025)”, by IndustryARC covers an in-depth analysis of the following segments of the Smart Factory and Industrial Automation Market 

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Key Takeaways

· Key drivers of the market are; reduction of energy consumption and increasing factory efficiency. All the Industries are adopting smart factory concept to ensure that every component of the value chain is connected for providing informed manufacturing with no-time lags and zero defects.

· The automotive manufacturing sector has been one of the largest adopters of automated robots and is the largest the revenue-generating end-user in the market. Smart factory and industrial automation play an important role in connecting and automating the operations of these robots.

· Industrial Automation in China has increased the uptake of smart manufacturing. As per the Ministry of Industry and Information Technology, China initiated around 100 smart manufacturing pilot projects in 2018.

By Application - Segment Analysis

Material handling application generated 38% of the smart factory and industrial automation market revenue in 2018. Robotics and automation system is helping in business according to their growing demands and making it cost-efficient, and these advances in technology are a material handling system more affordable and effective. This high-speed automation technology can load and unload the truck at the pallet and cartoon level. Over the next decade, material handling is expected to immerse with the automated system highly.

Various advancements have been made in the automation of the multiple activities that were formerly carried out manually (particularly in the labor-intensive manufacturing industry), with most of these being almost fully automated, with the help of the latest technologies. This has led to improved efficiency, high-quality products, and attendant savings in labor and costs.

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By End-User - Segment Analysis

Automotive industry end-use accounted for the highest market share in the smart factory and industrial automation market in 2018. Smart factory solutions play a key role in the development and production of quality automobiles. The automobile manufacturing industry is the largest adopter of robots in 2018 (according to the international federation of robotics {IFR}). For enhance quality and increase factory productivity, while using these robots, smart factory and industrial automation solutions play a major role.

The fastest-growing end-use in the forecasted period is the energy and power sector. The sector consists of the gas industry, petroleum industry, coal industry, power industry, among others. The adoption rate of smart factory technology is expected to be the highest in the oil & gas industry due to the growing need for safety in oil and gas plants. The automation market has penetrated the energy sector in developed economies.

By Geography - Segment Analysis

APAC accounted for the largest share, of 34% in the smart factory and industrial automation market in 2018, due to technological innovation and adoption of automation technologies across several industries. Toyota, Honda, and Suzuki are working on developing smart factories. These smart and automated factories will be manufacturing robots, sensors, wireless technologies, and machine vision systems.

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Drivers – Smart Factory and Industrial Automation Market

·         GROWTH IN ADOPTION OF INDUSTRIAL ROBOTS:

The call for precision machining along with high production rates, has made use of robots an indispensable aspect of manufacturing units. Since the industrial operations are becoming complex amidst rapid technological advancements, the growth of the industrial robot is expected among such environment that is beyond the capacity of manual involvement. Smart factory and industrial automation play an essential role in connecting and automating the operations of these robots.

Almost all the processes in the production and processing plants have been automated in the past decade. This has also complemented the expansion of industrial robots integration into industrial operations.  

·         RISING LABOR COSTS TO BOOST THE SMART & AUTOMATED INDUSTRIAL ROBOTS DEMAND

The labor cost is significantly high in the total industrial operating cost, generally making 60%-65% of the total cost. In the majority of the cases, manual jobs typically consist of two categories of staff: direct and indirect. Direct staff is responsible for executing the procedure while the indirect staff is for the back-end support for direct staff.

The presence of both direct and indirect staff coupled along with department managers presents an essential cost in operating a warehouse.

The automation of industries has become a notable means to tackle the rising wages and workforce age. This has resulted in the industrial operators to rely upon the smart factories and automated robotics to provide a convenient and efficient way of reducing the operational costs while simultaneously maintaining the productivity at optimum levels.

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Challenges – Smart Factory and Industrial Automation Market

·         GROWTH OF CYBER ATTACKS

The history of the smart factory and industrial automation is always fascinating. Cybersecurity is one of the major issues of factory automation. Constant technological innovation has taken manufacturing processes from the Industrial Age to the information age as networking in process automation grows. These new information age factories have a great scope of cyber threats from various sources. These cyber-attacks can reduce the advantages of smart and automated factories and turn them into significant disadvantages.

For almost every minute, the global cybersecurity researchers discover threats to cybersecurity and try to solve them in real-time.

Market Landscape

Top 5 players of the smart factory and industrial automation market captured ~65% share of the market in 2018.

ABB Ltd., Mitsubishi Electric, Yokogawa, Endress+Hauser, Honeywell, Rockwell Automation, Omron, General Electric, Danfoss, FANUC, Schneider, Siemens, and Emerson Electric Company are some leading key players in the smart factory and industrial automation market.

Partnerships/Mergers/Acquisitions

Ø In July 2018, GE and Microsoft Corp. formed a partnership to bring together operational technology and information technology to eliminate hurdles in advancing digital transformation projects. In the partnership, GE Digital plans to standardize its Predix solutions on Microsoft Azure and will deeply integrate the Predix portfolio with Azure native cloud capabilities, including Azure IoT and Azure Data and Analytics.

Ø In June 2018, SAP and Endress+Hauser collaborated in the development of the Industrial Internet of Things (IIoT) applications for the process industry. The goal is to fully integrate the Endress+Hauser field instruments as digital twins into the SAP cloud platform.

Ø June 2018, PTC Inc. and Rockwell Automation Inc. formed a strategic partnership that accelerated growth for both companies and enabled them to be the partner of choice for customers around the world who want to transform their physical operations with digital technology.

R&D Investment/Fundings

Ø In July 2019, Fetch Robotics raised $46 million in a Series C round of funding led by Fort Ross Ventures. Fetch Robotics creates autonomous robots, powered by cloud-based software systems, which operate in locations such as warehouses, factories, and distribution centers. The robots can be used to transport goods and materials around warehouses, gather data automatically.

Smart Factory and Industrial Automation Market Research Scope:

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. These provide the key market participants with the necessary business intelligence and help them understand the future of the Smart Factory and Industrial Automation Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the offering type, robot type, end-users, and application of Smart Factory and Industrial Automation Market.

[pravalika]

Smart Factory and Industrial Automation Market - Forecast (2023 - 2028)

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The smart factory and industrial automation market is expected to be valued at $187.8 billion in 2018 and is expected to grow at a CAGR of 7.2% between 2019 and 2025. This market growth is due to the impact of evolution and adoption of the Internet of Things (IoT), industrial robots, smart automation solutions, and increasing emphasis on regulatory compliances. Industrial and commercial developments in the growing economies are also responsible for the growth of this market.

Industrial automation is defined as the automation of industrial processes through computers, communication systems, and process operators. Industrial automation minimizes human intervention in the industry and ensures a superior performance as compared to humans. Moreover, whereas, smart factory connects people, processes, and machines to enable advanced manufacturing with the optimized process reduced errors, improved quality, and eliminate waste.

Both smart factory and industrial automation enhance the productivity and quality of products and simultaneously decrease the production cost. Smart factory and industrial automation meet the demand for mass production with providing nominal human intervention, better quality, and less labor expenses, significantly reduce overall operational cost.

Report Coverage

The report: “Smart Factory and Industrial Automation Market – Forecast (2019-2025)”, by IndustryARC covers an in-depth analysis of the following segments of the Smart Factory and Industrial Automation Market

Key Takeaways

· Key drivers of the market are; reduction of energy consumption and increasing factory efficiency. All the Industries are adopting smart factory concept to ensure that every component of the value chain is connected for providing informed manufacturing with no-time lags and zero defects.

· The automotive manufacturing sector has been one of the largest adopters of automated robots and is the largest the revenue-generating end-user in the market. Smart factory and industrial automation play an important role in connecting and automating the operations of these robots.

· Industrial Automation in China has increased the uptake of smart manufacturing. As per the Ministry of Industry and Information Technology, China initiated around 100 smart manufacturing pilot projects in 2018.

By Application - Segment Analysis

Material handling application generated 38% of the smart factory and industrial automation market revenue in 2018. Robotics and automation system is helping in business according to their growing demands and making it cost-efficient, and these advances in technology are a material handling system more affordable and effective. This high-speed automation technology can load and unload the truck at the pallet and cartoon level. Over the next decade, material handling is expected to immerse with the automated system highly.

Various advancements have been made in the automation of the multiple activities that were formerly carried out manually (particularly in the labor-intensive manufacturing industry), with most of these being almost fully automated, with the help of the latest technologies. This has led to improved efficiency, high-quality products, and attendant savings in labor and costs.

By End-User - Segment Analysis

Automotive industry end-use accounted for the highest market share in the smart factory and industrial automation market in 2018. Smart factory solutions play a key role in the development and production of quality automobiles. The automobile manufacturing industry is the largest adopter of robots in 2018 (according to the international federation of robotics {IFR}). For enhance quality and increase factory productivity, while using these robots, smart factory and industrial automation solutions play a major role.

The fastest-growing end-use in the forecasted period is the energy and power sector. The sector consists of the gas industry, petroleum industry, coal industry, power industry, among others. The adoption rate of smart factory technology is expected to be the highest in the oil & gas industry due to the growing need for safety in oil and gas plants. The automation market has penetrated the energy sector in developed economies.

By Geography - Segment Analysis

APAC accounted for the largest share, of 34% in the smart factory and industrial automation market in 2018, due to technological innovation and adoption of automation technologies across several industries. Toyota, Honda, and Suzuki are working on developing smart factories. These smart and automated factories will be manufacturing robots, sensors, wireless technologies, and machine vision systems.

Drivers – Smart Factory and Industrial Automation Market

· GROWTH IN ADOPTION OF INDUSTRIAL ROBOTS:

The call for precision machining along with high production rates, has made use of robots an indispensable aspect of manufacturing units. Since the industrial operations are becoming complex amidst rapid technological advancements, the growth of the industrial robot is expected among such environment that is beyond the capacity of manual involvement. Smart factory and industrial automation play an essential role in connecting and automating the operations of these robots.

Almost all the processes in the production and processing plants have been automated in the past decade. This has also complemented the expansion of industrial robots integration into industrial operations.  

· RISING LABOR COSTS TO BOOST THE SMART & AUTOMATED INDUSTRIAL ROBOTS DEMAND

The labor cost is significantly high in the total industrial operating cost, generally making 60%-65% of the total cost. In the majority of the cases, manual jobs typically consist of two categories of staff: direct and indirect. Direct staff is responsible for executing the procedure while the indirect staff is for the back-end support for direct staff.

The presence of both direct and indirect staff coupled along with department managers presents an essential cost in operating a warehouse.

The automation of industries has become a notable means to tackle the rising wages and workforce age. This has resulted in the industrial operators to rely upon the smart factories and automated robotics to provide a convenient and efficient way of reducing the operational costs while simultaneously maintaining the productivity at optimum levels.

Challenges – Smart Factory and Industrial Automation Market

· GROWTH OF CYBER ATTACKS

The history of the smart factory and industrial automation is always fascinating. Cybersecurity is one of the major issues of factory automation. Constant technological innovation has taken manufacturing processes from the Industrial Age to the information age as networking in process automation grows. These new information age factories have a great scope of cyber threats from various sources. These cyber-attacks can reduce the advantages of smart and automated factories and turn them into significant disadvantages.

For almost every minute, the global cybersecurity researchers discover threats to cybersecurity and try to solve them in real-time.

Market Landscape

Top 5 players of the smart factory and industrial automation market captured ~65% share of the market in 2018.

ABB Ltd., Mitsubishi Electric, Yokogawa, Endress+Hauser, Honeywell, Rockwell Automation, Omron, General Electric, Danfoss, FANUC, Schneider, Siemens, and Emerson Electric Company are some leading key players in the smart factory and industrial automation market.

Partnerships/Mergers/Acquisitions

Ø In July 2018, GE and Microsoft Corp. formed a partnership to bring together operational technology and information technology to eliminate hurdles in advancing digital transformation projects. In the partnership, GE Digital plans to standardize its Predix solutions on Microsoft Azure and will deeply integrate the Predix portfolio with Azure native cloud capabilities, including Azure IoT and Azure Data and Analytics.

Ø In June 2018, SAP and Endress+Hauser collaborated in the development of the Industrial Internet of Things (IIoT) applications for the process industry. The goal is to fully integrate the Endress+Hauser field instruments as digital twins into the SAP cloud platform.

Ø June 2018, PTC Inc. and Rockwell Automation Inc. formed a strategic partnership that accelerated growth for both companies and enabled them to be the partner of choice for customers around the world who want to transform their physical operations with digital technology.

R&D Investment/Fundings

Ø In July 2019, Fetch Robotics raised $46 million in a Series C round of funding led by Fort Ross Ventures. Fetch Robotics creates autonomous robots, powered by cloud-based software systems, which operate in locations such as warehouses, factories, and distribution centers. The robots can be used to transport goods and materials around warehouses, gather data automatically.

Smart Factory and Industrial Automation Market Research Scope:

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. These provide the key market participants with the necessary business intelligence and help them understand the future of the Smart Factory and Industrial Automation Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the offering type, robot type, end-users, and application of Smart Factory and Industrial Automation Market.

[riya2510]

The Industrial IoT Revolution: Market Forecast and Leading Players to Watch in 2023–2031

Industrial IoT Market Report: Growth, Trends, and Future Outlook

The Industrial Internet of Things (IIoT) represents a transformative wave in industrial operations, leveraging the power of connected devices, sensors, and advanced analytics to optimize processes, improve efficiency, and unlock new business opportunities. IIoT connects machines, devices, sensors, and systems to collect and analyze data in real time, enabling industries to achieve smarter decision-making, reduce operational costs, and enhance productivity.

The global Industrial IoT (IIoT) market was valued at USD 334.53 billion in 2022 and is projected to reach USD 2,916.21 billion by 2031, growing at an impressive CAGR of 27.2% during the forecast period (2023–2031). This rapid growth highlights the increasing demand for IoT-enabled technologies across various industrial sectors, making IIoT a vital part of the digital transformation process in manufacturing, supply chains, and infrastructure.

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Key Trends in the Industrial IoT Market

Increased Adoption of Smart Manufacturing: Manufacturers are embracing IIoT for process automation, predictive maintenance, real-time monitoring, and supply chain optimization. This trend is expected to continue as more companies focus on reducing downtime and improving product quality through connected devices.

Advancements in Edge Computing and AI Integration: The rise of edge computing is reducing latency, enabling faster data processing at the source. Integrating AI and machine learning with IIoT systems allows industries to gain insights from real-time data, improving decision-making capabilities.

Focus on Cybersecurity: As the number of connected devices increases, so does the potential vulnerability to cyberattacks. Ensuring robust cybersecurity measures within IIoT systems is becoming a top priority for businesses.

5G Connectivity: The rollout of 5G technology is enhancing the capabilities of IIoT by offering faster and more reliable communication between connected devices. This enables applications that require low latency, such as autonomous vehicles and real-time remote monitoring.

Sustainability and Energy Efficiency: Industries are increasingly adopting IIoT technologies to improve energy efficiency, reduce emissions, and support sustainability goals. Sensors and data analytics enable more efficient resource management, leading to reduced waste and energy consumption.

Industrial IoT Market Size and Share

The IIoT market is witnessing substantial growth across various regions, driven by technological advancements, an increasing number of connected devices, and the need for automation. The major industrial sectors benefiting from IIoT include manufacturing, energy, automotive, pharmaceuticals, and more. Businesses are investing heavily in IIoT to streamline their operations, reduce operational costs, and ensure more efficient use of resources.

The market is also being driven by increasing government initiatives aimed at fostering smart city projects, digital infrastructure, and sustainable industrial practices. As industries continue to digitize their operations, the demand for IIoT solutions is poised to grow exponentially.

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Industrial IoT Market Statistics

The global market value was USD 334.53 billion in 2022.

The market is expected to grow to USD 2,916.21 billion by 2031, with a CAGR of 27.2% during the forecast period (2023–2031).

North America holds a significant share of the market, driven by the adoption of advanced industrial technologies and the presence of key players like Cisco, IBM, and Honeywell.

Asia Pacific (APAC) is expected to witness the highest growth due to rapid industrialization, increasing investments in smart factories, and government support for smart manufacturing initiatives.

Regional Trends and Impact

North America: The North American region, particularly the United States and Canada, dominates the global IIoT market due to a robust manufacturing base, the presence of key technology companies, and early adoption of IoT-enabled technologies. The region’s focus on automation, smart factories, and energy efficiency has led to a high demand for IIoT solutions.

Asia Pacific (APAC): APAC is expected to witness the fastest growth in the IIoT market, primarily driven by the increasing industrialization in countries like China, Japan, and India. The region's push towards smart manufacturing, government initiatives supporting industrial automation, and rapid adoption of advanced technologies like AI, robotics, and 5G are propelling the growth of the IIoT market.

Europe: Europe is another key region for IIoT, driven by strong industrial sectors such as automotive, chemicals, and energy. The European Union’s focus on Industry 4.0 and digital transformation is increasing the demand for IIoT technologies across manufacturing, energy, and logistics.

LAMEA (Latin America, Middle East, and Africa): While still a developing market, the LAMEA region is showing significant potential for IIoT growth, especially in industries such as oil and gas, utilities, and agriculture. Increased investment in infrastructure and digitalization is expected to drive the demand for IIoT solutions in these regions.

Industrial IoT Market Segmentation

By Offering

Hardware:

Industrial Robots: These robots are essential for automating repetitive tasks in industries such as manufacturing and automotive, improving efficiency and reducing errors.

Industrial PC: Industrial PCs are used for data processing, monitoring, and control in industrial environments.

Industrial Sensors: Sensors play a critical role in collecting data from machines and devices to monitor conditions like temperature, pressure, and vibration.

Distributed Control System (DCS): DCS solutions enable centralized control of industrial processes, helping manage large-scale production systems.

Smart Meters: Smart meters are essential for monitoring and managing energy consumption in industries, contributing to energy efficiency.

Human Machine Interface (HMI): HMIs provide a visual interface for operators to interact with industrial control systems.

Control Devices: Devices that help regulate and control industrial processes, ensuring smooth operations.

Software: Software solutions in IIoT are used for data collection, processing, analytics, and visualization. These software tools enable industries to derive actionable insights from the vast amount of data generated by IIoT devices.

Services:

Training & Consulting Services: These services help organizations integrate IIoT technologies into their existing systems and operations.

Support and Maintenance Services: These services ensure that IIoT solutions continue to operate efficiently and without disruption.

By Connectivity

Wired Connectivity:

Ethernet: Provides high-speed, reliable data transmission for industrial applications.

Fieldbus: Used in process control systems for connecting field devices and control systems.

Wireless Connectivity:

Wi-Fi, Bluetooth, Cellular Connectivity, Satellite Connectivity: Wireless connectivity solutions offer flexibility and scalability for IIoT applications, especially in large industrial environments.

By End-use Industry

Aerospace and Defense

Automotive

Chemicals

Energy & Power

Food & Beverage

Metal and Mining

Oil & Gas

Pharmaceutical

Semiconductor & Electronics

Others (Healthcare, Water & Wastewater, etc.)

Each of these industries is increasingly adopting IIoT technologies to improve operational efficiency, ensure product quality, reduce costs, and enhance safety.

Market Segmentation with Insights-Driven Strategy Guide: https://straitsresearch.com/report/industrial-iot-market/segmentation

Top Players in the Industrial IoT Market

Several companies are leading the way in the IIoT market, providing innovative solutions and services:

Huawei Technology Co., Ltd.

Cisco

General Electric

Schneider Electric

Rockwell Automation

ABB

Texas Instruments

Honeywell

IBM

KUKA AG

NEC Corporation

Bosch

Siemens AG

SAP

Endress+Hauser

Accenture PLC

STMicroelectronics

These companies are at the forefront of developing and implementing IIoT solutions, helping industries to leverage IoT technologies for better efficiency, safety, and profitability.

Table of Contents for the Industrial IoT Market Report: https://straitsresearch.com/report/industrial-iot-market/toc

Conclusion

The Industrial IoT market is experiencing rapid growth as industries worldwide adopt connected devices, advanced analytics, and automation to enhance productivity, reduce costs, and improve decision-making. With significant investments in IIoT infrastructure, the market is poised to expand substantially in the coming years, especially in sectors such as manufacturing, energy, automotive, and pharmaceuticals. As technologies like AI, 5G, and edge computing continue to evolve, the potential for IIoT to drive industrial transformation will only increase, presenting enormous opportunities for businesses and industries to embrace the future of connected manufacturing and operations.

About Straits Research

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[saxonai]

How AI Agents in Manufacturing helping you grow? 

The manufacturing industry struggles with challenges like downtime, quality control, managing costs, inefficiencies, optimizing workflows, and more. While traditional methods help enterprises run their operations, they fail to optimize them and cut their costs. AI has come to the rescue, offering automated solutions to optimize manufacturing workflows.  

There are various areas where AI can help manufacturing industries, such as reducing errors due to manual operations, detecting faults faster, optimizing workflows, improve decision-making and inventory management.  

As per Precedence Research, the AI market penetration in the manufacturing industry is expected to reach USD 68.36 billion by 2032, with a growth rate of 33.5% (CAGR).  With advanced AI solutions like AI agents, the manufacturing industry is achieving a higher level of productivity, ensuring higher quality of their products, and responding to market changes actively.   

AI Agents in the Manufacturing Industry 

AI agents are revolutionizing manufacturing industries with their capability of autonomously executing tasks and replicating human analytics abilities. In various departments these ai agents can be integrated to optimize the entire manufacturing processes such as predictive maintenance, supply chain management, quality control, process optimization and inventory management departments. Unlike the previous LLM based models, ai agents are more advanced, they learn from the datasets, past experiences and execute the tasks without human intervention. 

Applications of AI Agents in Manufacturing 

Predictive Maintenance with AI 

One of the most important applications of AI agents in the manufacturing sector is predictive maintenance. It continuously monitors past data and equipment to predict failures before they happen for team preventive maintenance. It ultimately helps them reduce downtime and lower maintenance costs, boosting quality and productivity.  AI-enabled predictive maintenance could reduce maintenance costs by up to 30% and unplanned downtime by 45%. - PWC 

Smart Quality Control 

Usually, manufacturers depend on humans for quality inspection, which leads to inefficiency and is prone to errors. On the other hand, AI agents automate the inspection process with higher precision. With the help of deep learning and computer vision technology, AI agents help manufacturers detect errors in real time and ensure a higher quality of the products, leading to less wastage and almost zero errors. 

Supply chain optimization 

Deploying AI agents in supply chain department helps them to optimize it through real-time insights, streamline communication and predict forecasting. AI agents optimize the supply chain network by evaluating past data, real-time insights, inventory levels. It helps in identifying the supply chain bottlenecks and streamlines operations, reduce instances of stockouts and overproduction scenarios. 

Monitoring factory floors 

AI agents can be used as multi-agent systems to help manufacturers in monitoring the factory floors. It helps in gathering data and analyse them from various sections of factory floors. Multi-agent systems comprehensively cover the entire floor with its robust surveillance management system to improve real-time monitoring and safety at the site. 

Process automation 

AI agents help in automating various manual tasks helping manufacturers to improve their productivity and efficiency. These agents extract information from various sources, create insightful reports, monitor quality, predict downtime and more automatically without any human intervention. There are various processes that can be automated such as data extracting, data analysing, monitoring and report generation. 

Inventory management 

There are AI agents that help enterprises in tracking inventory levels in real time ensuring there is no overstock or stockouts scenarios. With the help of historical data, it predicts the right volume of stock for the inventory management process.  

One of the real-world use cases where AI agents are heavily used in manufacturing sector is Tesla’s factory. It’s Gigafactories have integrated AI-powered agents to automate various tasks to maintain quality control and boost production rates. 

Advantages of Integrating AI Agents in Manufacturing 

Enhanced Efficiency 

AI agents will be working without tiring round the clock. They do not need any human intervention leading to boosting productivity and efficiency in processes freeing up more time for team members to focus on more complex tasks. 

Cost Savings 

By automating multiple tasks and reducing downtime, manufacturing enterprises optimize their resources ultimately leading to saving costs. Moreover, predictive maintenance saves costs related to unexpected failures of equipment. Inventory management also saves operational costs. There are various areas where AI agents help enterprises save costs. 

Increased Quality and Safety 

AI agents help manufacturers to improve quality of their products by automating their processes and reducing the human intervention in quality checks. Moreover, these agents help boost safety on factory floors. 

Conclusion 

Artificial Intelligence is reshaping the manufacturing industry across the globe by streamlining their operations, automating processes, reducing costs, enhancing safety, and boosting the productivity of their team members. While building custom AI agents for your business needs, you need to connect with experts who have already helped enterprises like yours. Saxon AI team has built various autonomous agents for their clients, helping them save time, effort, and money. Do you want to try AI agents for your manufacturing operations?  

[priteshwemarketresearch]

Growth of 5G IoT Market by Connectivity & Application | Global Forecasts

The Future of Connectivity: Exploring the 5G IoT Market 2025

The rapid evolution of technology is driving us into a new era of connectivity, and one of the most exciting advancements is the combination of5GInternet of Things (IoT). Together, these two technologies are set to revolutionize industries, transform business operations, and reshape the way we live and interact with the world. As businesses and consumers alike embrace the benefits of 5G and IoT, the market for 5G IoT is expanding at a rapid pace, unlocking new opportunities for growth and innovation.

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What is 5G IoT?

Before diving into the potential impact and 5G IoT Market growth of 5G IoT, it's important to understand what these two technologies are and how they work together.

5G is the fifth generation of mobile networks, offering significantly faster speeds, lower latency, and greater connectivity compared to its predecessors, 4G and 3G. It promises to enable faster download and upload speeds, improved real-time communication, and greater network capacity, which are all crucial for the growing demands of connected devices.

IoT (Internet of Things) refers to the network of physical devices, vehicles, appliances, and other objects that are embedded with sensors, software, and other technologies to connect and exchange data over the internet. From smart homes to industrial automation, IoT is already an integral part of modern life, and its adoption is only expected to increase.

When combined, 5G IoT offers the potential for even greater efficiency and performance. The high-speed, low-latency capabilities of 5G provide the ideal infrastructure for the massive number of connected devices in the IoT ecosystem, enabling faster data transfer and seamless communication between devices.

The Growing 5G IoT Market

The 5G IoT market report is predicted to develop at a compound annual growth rate (CAGR) of 70.6% from 2024 to 2034, when global 5G IoT market forecast size is projected to reach USD 816.85 Billion in 2034, based on an average growth pattern. The global 5G IoT market revenue is estimated to reach a value of USD 6.72 Billion in 2024.

Increased Demand for Connected Devices: As the number of connected devices continues to rise, the need for faster, more reliable networks becomes essential. 5G provides the infrastructure necessary to support the growing IoT ecosystem, enabling the seamless communication of billions of devices, from smart wearables to industrial machinery.

Low Latency and High-Speed Connectivity: One of the biggest advantages of 5G is its ultra-low latency, which reduces delays in data transmission. This is especially important for real-time applications such as autonomous vehicles, remote surgery, and industrial automation. With 5G, IoT devices can transmit data almost instantaneously, unlocking new possibilities for innovation.

Industry 4.0 and Smart Cities: 5G IoT is playing a pivotal role in the evolution of Industry 4.0, which refers to the integration of smart technologies like IoT, AI, and automation into manufacturing processes. The combination of 5G and IoT enables smart factories, predictive maintenance, and real-time data analytics, all of which help businesses improve efficiency and reduce costs. Similarly, smart cities are benefiting from 5G IoT, with applications ranging from smart traffic management to energy-efficient buildings and improved public safety.

Healthcare Advancements: In the healthcare sector, 5G IoT is enabling remote patient monitoring, telemedicine, and robotic surgery. The low latency of 5G is critical in ensuring that these technologies can function seamlessly, providing patients with timely care and enabling healthcare professionals to make real-time decisions.

Agriculture and Environmental Monitoring: IoT devices are increasingly being used in agriculture for precision farming, weather monitoring, and soil analysis. The high-speed, reliable connectivity offered by 5G allows these devices to transmit data in real-time, helping farmers optimize crop yields and manage resources more efficiently. Similarly, environmental monitoring applications that track air quality, water usage, and climate conditions can operate more effectively with 5G-enabled IoT devices.

Key Applications of 5G IoT Market

The potential applications of 5G IoT are vast and varied. Some of the key industries and sectors poised to benefit from this technology include:

Autonomous Vehicles: Self-driving cars rely heavily on real-time data exchange between vehicles, infrastructure, and the cloud. 5G's low latency and high data transfer speeds ensure that autonomous vehicles can respond quickly to changing conditions, making them safer and more efficient.

Smart Manufacturing: In manufacturing, 5G IoT enables the use of connected machines, robots, and sensors to automate production processes, optimize supply chains, and monitor equipment health. This leads to increased productivity, reduced downtime, and cost savings.

Retail: The retail sector is also exploring the potential of 5G IoT, with applications such as smart shelves, connected point-of-sale systems, and personalized shopping experiences powered by real-time data.

Energy Management: IoT-enabled smart grids, powered by 5G connectivity, allow for better monitoring and management of energy consumption. This leads to more efficient use of resources and helps to reduce waste, making energy systems more sustainable.

Challenges and Opportunities in the 5G IoT Market

While the 5G IoT market presents enormous opportunities, there are also several challenges to consider. One of the biggest hurdles is the cost of implementing 5G infrastructure, which requires significant investment in new network equipment and technology. Additionally, there are concerns around data security and privacy, as more devices become interconnected and share sensitive information.

However, these challenges also present opportunities for innovation. Companies that can overcome these hurdles and develop secure, cost-effective solutions will be well-positioned to lead in the 5G IoT space.

Conclusion

The 5G IoT market is set to transform the way we live, work, and interact with the world. From smart cities and autonomous vehicles to industrial automation and healthcare innovations, the combination of 5G and IoT offers unprecedented opportunities for businesses and consumers alike. As the technology continues to evolve, it will unlock new applications, drive economic growth, and enable a more connected, efficient, and sustainable future.

[industrynewsupdates]

A Deep Dive into the Industrial Communication Market: Insights and Analysis

The global industrial communication market size was estimated at USD 21.15 billion in 2023 and is expected to grow at a CAGR of 5.8% from 2024 to 2030.The growing integration of the Industrial Internet of Things (IIoT) is one of the most significant trends driving the market. IIoT enables seamless connectivity among machines, sensors, and control systems, facilitating real-time data analysis and decision-making. By leveraging IIoT, manufacturers can monitor equipment performance, reduce downtime through predictive maintenance, and enhance overall operational efficiency. The increasing use of smart sensors, combined with cloud computing and big data analytics, further accelerates the adoption of automation solutions across various industries, from manufacturing to energy and power.

Another major trend shaping the industrial communication industry is the shift toward Industry 4.0. This next-generation industrial revolution focuses on creating smart factories where machines communicate autonomously, and operations are highly optimized. Industry 4.0 technologies, including robotics, artificial intelligence (AI), and machine learning, are transforming industries' operations. Companies increasingly invest in automation to streamline production processes, reduce human error, and increase flexibility in responding to market demands. The rising adoption of AI-powered robots for complex tasks drives the push toward more automated and intelligent manufacturing systems.

Gather more insights about the market drivers, restrains and growth of the Industrial Communication Market

Key Industrial Communication Company Insights

Key players operating in the industrial communication market include Cisco Systems, Inc., Siemens, Rockwell Automation, Inc., OMRON Corporation, Moxa Inc., Huawei Technologies Co., Ltd., SICK AG, Schneider Electric, ABB, and Belden Inc. Prominent companies are capturing significant market share by offering a diverse range of solutions that cater to evolving industry needs, such as high-speed data transfer, real-time control, and secure communication protocols. As industries continue to transition toward digitalization and smart manufacturing, these companies are expected to maintain their leadership by innovating in areas such as edge computing, 5G integration, and cybersecurity for industrial networks.

Many companies in the market are actively implementing strategic initiatives to expand their presence across different regions. For instance, in June 2023, Fiberroad Technology Co., Ltd. launched the Auto Pro series of industrial Ethernet switches designed to enhance automation in industrial management systems. The series integrated key features such as Auto Broadcast Suppression, Auto QoS Priority, and Auto Power Switching, offering intelligent, professional-grade performance for various industrial applications. The Auto Pro series was tailored for demanding environments, ensuring stability, high performance, and energy efficiency through innovations such as Auto Energy Management and dual power switching. It was versatile, supporting applications in industrial automation, road traffic management, and data center monitoring.

Global Industrial Communication Market Report Segmentation

The report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global industrial communication market report based on offering, communication protocol, vertical, and region:

Offering Outlook (Revenue, USD Billion, 2018 - 2030)

• Components

o Switches

o Gateways

o Routers & WAP

o Controllers & Connectors

o Power Supply Devices

o Others

• Software

• Services

Communication Protocol Outlook (Revenue, USD Billion, 2018 - 2030)

• Fieldbus

• Industrial Ethernet

• Wireless

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

• Automotive

• Aerospace and Defense

• Food and Beverages

• Electrical and Electronics

• Pharmaceuticals & Medical Devices

• Oil & Gas

• Chemicals & Fertilizers

• Energy & Power

• Others

Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o UK

o France

• Asia Pacific

o China

o India

o Japan

o South Korea

o Australia

• Latin America

o Brazil

• Middle East & Africa (MEA)

o UAE

o Kingdom of Saudi Arabia (KSA)

o South Africa

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

[credenceresearchdotblog]

The Optocoupler IC Market is projected to grow from USD 2716.48 million in 2024 to an estimated USD 4010.42 million by 2032, with a compound annual growth rate (CAGR) of 4.99% from 2024 to 2032. The global optocoupler integrated circuit (IC) market has witnessed significant growth over the past decade, driven by increasing applications in various industries, including automotive, consumer electronics, telecommunications, and industrial automation. Optocouplers, also known as optoisolators, are semiconductor devices that use light to transfer electrical signals between two isolated circuits. They provide critical benefits, such as noise immunity, electrical isolation, and protection from voltage spikes, making them indispensable in modern electronic systems.

Browse the full report https://www.credenceresearch.com/report/optocoupler-ic-market

Market Overview

The optocoupler IC market has experienced robust expansion due to technological advancements and the growing need for reliable, efficient electronic components. According to recent reports, the market is expected to grow at a compound annual growth rate (CAGR) of 6-8% from 2023 to 2030. The demand for optocoupler ICs is fueled by their ability to enhance safety and performance in applications requiring electrical isolation.

Key players in the market include Broadcom, Toshiba Corporation, ON Semiconductor, Renesas Electronics Corporation, and Vishay Intertechnology. These companies are investing heavily in research and development to introduce innovative products and meet the evolving demands of end-users.

Driving Factors

Increasing Demand for Electric Vehicles (EVs): The automotive sector, particularly the EV segment, has emerged as a major contributor to the growth of the optocoupler IC market. Optocouplers are used in battery management systems, inverters, and charging stations to ensure safe and efficient operation. The global push for sustainable transportation is expected to further boost demand.

Rising Adoption in Industrial Automation: The rise of Industry 4.0 and smart factories has led to increased adoption of optocouplers in industrial automation. They are widely used in programmable logic controllers (PLCs), motor drives, and robotics to provide reliable signal transmission and protect sensitive components from high voltages.

Growth in Consumer Electronics: Optocouplers play a crucial role in consumer electronics by providing electrical isolation in devices like smartphones, televisions, and home appliances. The growing consumer electronics market, especially in emerging economies, is driving the demand for optocoupler ICs.

Advancements in Telecommunications: With the proliferation of 5G networks and data centers, optocouplers are being increasingly utilized in telecommunications infrastructure to ensure high-speed and noise-free signal transmission. Their use in fiber optic communication systems further enhances their market potential.

Challenges and Opportunities

Despite its promising growth, the optocoupler IC market faces challenges such as high costs associated with advanced optocoupler technologies and the availability of alternative solutions like magnetic isolators. However, the increasing focus on energy-efficient and compact electronic devices presents significant opportunities for market players.

Future Outlook

The future of the optocoupler IC market looks bright, with continuous advancements in technology and expanding application areas. Emerging trends, such as the integration of optocouplers with IoT devices and the development of miniaturized, high-performance ICs, are expected to drive innovation and growth. Additionally, the emphasis on renewable energy sources, such as solar and wind power, will create new avenues for optocoupler applications.

Key Player Analysis:

Broadcom Inc.

Toshiba Corporation

ON Semiconductor

Vishay Intertechnology

Renesas Electronics Corporation

Microchip Technology Inc.

NTE Electronics, Inc.

Lite-On Technology Corporation

Sharp Corporation

Avago Technologies (now part of Broadcom

Segmentation:

Based on Product Type:

Phototransistor Optocouplers

Photometric Optocouplers

Photodiode Optocouplers

Based on Technology:

Traditional Optocouplers

High-Speed Optocouplers

Miniaturized Optocouplers

Based on End-User:

Automotive

Industrial Automation

Consumer Electronics

Telecommunications

Renewable Energy

Based on Region:

North America

U.S.

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

South-east Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East & Africa

GCC Countries

South Africa

Rest of the Middle East and Africa

Browse the full report https://www.credenceresearch.com/report/optocoupler-ic-market

Contact:

Credence Research

Please contact us at +91 6232 49 3207

Email: sales@credenceresearch.com

Website: www.credenceresearch.com

[automotiveanddefense]

Factory Automation and Industrial Controls Market

Factory Automation and Industrial Controls Market: Trends, Opportunities, and Forecast

The global Factory Automation and Industrial Controls Market size was valued at USD 220.81 Billion in 2021 and is projected to reach from USD XX Billion in 2022 to USD 503.86 Billion by 2030, growing at a CAGR of 9.6% during the forecast period (2022–2030). Factory automation and industrial controls refer to the use of automated systems and control devices to monitor, control, and optimize industrial processes.

Free Request Sample Link: https://straitsresearch.com/report/factory-automation-and-industrial-controls-market/request-sample

Industry Key Trends

Some of the key trends in the factory automation and industrial controls market include:

Increasing adoption of Industry 4.0 technologies: Industry 4.0 technologies, such as artificial intelligence, machine learning, and the Internet of Things (IoT), are being increasingly adopted in the factory automation and industrial controls market.

Growing demand for smart manufacturing: Smart manufacturing involves the use of advanced technologies, such as sensors, actuators, and control systems, to optimize manufacturing processes.

Rising need for energy efficiency: Energy efficiency is becoming increasingly important in the factory automation and industrial controls market, driven by the need to reduce energy costs and minimize environmental impact.

Increasing focus on cybersecurity: Cybersecurity is becoming increasingly important in the factory automation and industrial controls market, driven by the need to protect industrial control systems from cyber threats.

Factory Automation and Industrial Controls Market Size and Share

The global factory automation and industrial controls market size was valued at USD 220.81 Billion in 2021 and is projected to reach USD 503.86 Billion by 2030, growing at a CAGR of 9.6% during the forecast period.

Factory Automation and Industrial Controls Market Statistics

Some of the key statistics in the factory automation and industrial controls market include:

The market is expected to grow at a CAGR of 9.6% during the forecast period.

The field devices segment is expected to account for the largest share of the market.

The automotive segment is expected to account for the largest share of the market.

Regional Trends

The factory automation and industrial controls market can be segmented into four regions: North America, APAC, Europe, and LAMEA.

North America

The North American factory automation and industrial controls market is driven by the presence of a large number of manufacturing facilities in the region. The United States is the largest market in the region, followed by Canada and Mexico.

APAC

The APAC factory automation and industrial controls market is driven by the rapid industrialization and urbanization in the region. China is the largest market in the region, followed by Japan, India, and South Korea.

Europe

The European factory automation and industrial controls market is driven by the presence of a large number of manufacturing facilities in the region. Germany is the largest market in the region, followed by the UK, France, and Italy.

LAMEA

The LAMEA factory automation and industrial controls market is driven by the rapid industrialization and urbanization in the region. Brazil is the largest market in the region, followed by Saudi Arabia, South Africa, and Turkey.

To purchase the report: https://straitsresearch.com/buy-now/factory-automation-and-industrial-controls-market

Factory Automation and Industrial Controls Market Segmentations

The factory automation and industrial controls market can be segmented based on product and end-user industry.

By Product

Field Devices

Industrial Control Systems

By End-User Industry

Automotive

Chemical and Petrochemical

Utility

Pharmaceutical

Food and Beverage

Oil and Gas

Others

Market Segmentation: https://straitsresearch.com/report/factory-automation-and-industrial-controls-market/segmentation

Top Players in Factory Automation and Industrial Controls Market

Schneider Electric SE

Rockwell Automation Inc.

Honeywell International Inc.

Emerson Electric Company

ABB Ltd

Mitsubishi Electric Corporation

Siemens AG

Omron Corporation

Yokogawa Electric Corporation

General Electric Co.

Texas Instruments Inc.

Robert Bosch GmbH.

Detailed Table of Content report: @https://straitsresearch.com/report/factory-automation-and-industrial-controls-market/toc

[global-research-report]

Trends in the IoT Node and Gateway Market 2023 - 2030

The global IoT node and gateway market size is expected to reach USD 1.13 trillion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 13.1% from 2023 to 2030. The market's growth is primarily fueled by the advent of 5G technology, the increasing utilization of wireless smart sensors and networks, a burgeoning market for connected devices, and the rising demand for data centers driven by the growing adoption of cloud platforms. For instance, in August 2023, Intel Corporation launched its new leading-edge chip factories at its Ocotillo campus in Chandler, Arizona. The new factories will support the growing demand for Intel’s products and provide committed capacity for Intel Foundry Services customers, thereby driving market growth over the forecast period.

The growing need for data-driven insights and automation drives the increased demand for connected devices. In sectors like healthcare, the Internet of Things (IoT)-enabled medical devices can monitor patients' vital signs in real time, providing doctors with accurate and timely information for diagnosis and treatment. In agriculture, field sensors can collect data on soil moisture, temperature, and nutrient levels, enabling farmers to make informed decisions about irrigation and fertilization.

IoT devices and gateways often operate in remote or challenging environments where wired connections are impractical. 5G’s broader coverage and improved penetration capabilities ensure that even devices in difficult-to-reach areas can stay connected, enabling applications like smart agriculture, environmental monitoring, and wildlife tracking. 5G mMTC (Massive Machine-Type Communications) capability allows for the seamless connection of many IoT devices within a small geographical area.

Manufacturing industries are embracing IoT nodes and gateways to create smarter factories with real-time monitoring of equipment and production lines, optimizing efficiency and reducing downtime. The need for real-time data processing has led to the adoption of edge computing. IoT gateways play a pivotal role by performing data preprocessing at the edge, reducing latency, and enhancing overall system responsiveness.

North America has been at the forefront of technological innovation, with a robust ecosystem of tech companies, startups, and research institutions. This environment has fostered the development of innovative IoT solutions, making it an ideal market for adoption. The region has quickly embraced emerging technologies such as 5G, edge computing, and AI, which are essential for IoT deployments. In January 2023, Cisco Systems Inc. extended its collaboration with the Grand Duchy of Luxembourg. The aim of this collaboration is to continue to support Digital Luxembourg, the Grand Duchy’s long-term digitalization movement.

IoT Node And Gateway Market Report Highlights 

North America has solidified its position as a key hub for IoT innovation and adoption, due to the advancing technological infrastructure, strong investment in IoT solutions across various industries, and a thriving ecosystem of IoT-related companies

Advancements in microelectronics have led to smaller, more power-efficient IoT nodes. This enables seamless integration into various devices and environments while extended battery life reduces maintenance needs

The growth of smart homesworldwide has been a remarkable phenomenon in recent years. Smart homes are equipped with advanced technology that enables homeowners to control their home systems remotely

The key industry players are Intel Corporation, Cisco Systems, Inc., Huawei Technologies Co. Inc., and NXP Semiconductors, among others. To maintain market share, major firms frequently engage in mergers and acquisitions as well as new product launches

IoT Node And Gateway Market Segmentation

Grand View Research has segmented the IoT node and gateway market based on component, connectivity, end-use, and region:

IoT Node & Gateway Component Outlook (Revenue, USD Billion, 2018 - 2030)

Hardware

Connectivity Integrated Circuits (ICs)

Logic Devices

Memory Devices

Processors

Sensors

Temperature Sensors

Motion Sensors

Light Sensors

Others

Software

Services

IoT Node & Gateway Connectivity Outlook (Revenue, USD Billion, 2018 - 2030)

ZigBee

Wi-Fi

Bluetooth

Z-Wave

Others

IoT Node & Gateway End-use Outlook (Revenue, USD Billion, 2018 - 2030)

Consumer Electronics

Wearable Devices

Automotive & Transportation

BFSI

Healthcare

Retail

Building Automation

Oil & Gas

Agriculture

Aerospace & Defense

Others

IoT Node & Gateway Regional Outlook (Revenue, USD Billion, 2018 - 2030)

North America

US

Canada

Europe

Germany

UK

France

Italy

Spain

Asia Pacific

China

Japan

India

South Korea

Latin America

Brazil

Mexico

Middle East and Africa

South Africa

UAE

Order a free sample PDF of the IoT Node And Gateway Market Intelligence Study, published by Grand View Research.

[semiconductorsandelectronics]

Future of Manufacturing to 2030 Market and Beyond

The report "Future of Manufacturing Market - Digital Factory, Micro Factory, Giga Factory, by Technology (Cloud Manufacturing, Edge Computing, Digital Twin, AR/VR, 5G/6G), by Design (Modular, Mobile, Integrated, and Sustainable Factory), Cybersecurity – Global Forecast to 2030" The manufacturing world is deeply in the process of transformation and is highly driven by market demands coupled with the infusion of the latest technologies into the scene. As production environments evolve into smarter, more connected ecosystems, several key trends will shape their future.

Collaborative Robots Reshape the Future of Manufacturing, Enhancing Safety and Productivity.

Cobots are becoming popular in the future of manufacturing since they are compact, easy to use, and programmable with little formal programming. As per the analysis, working with robots cuts human idle time by 85% compared to teams that consist only of humans; cobots enhance efficiency in productivity and increase cost-effective automation within some sectors like automotive, electronics, and pharmaceutical. Performing well in jobs like welding, assembling, and quality control, they are solving the labor shortage problems for firms including Nissan and Betacom. Expectations raised by such massive acquisitions, such as ABB’s USD 280 million robotics campus, point to cobot innovation as the key to flexibility, smart manufacturing, and manufacturing adaptability to the changes by 2030 and beyond. AI Transforming Manufacturing into Smart and Dynamic Hubs

Artificial Intelligence is a relatively new phenomenon that is gradually transforming the manufacturing industry in terms of efficiency, innovation and intelligent operation that requires limited human interface. The National Associations of Manufacturers Survey reports that 39% of manufacturers are currently using AI, this technology is revolutionalizing industries in machinery, and aircraft components, among others. AI investments are expected to grow to USD 16.7 billion for every year this year and the coming five years increasing the efficiency of operations and modifying the tasks within industries. Some of these major strategies include the Cisco innovative USD 1 billion global fund, Microsoft’s USD 3.3 billion investment in AI, NVIDIA-Foxconn and other formations influence and even revolutionize processes in the making and set standards of what is to come in the next future of manufacturing.

IoT and edge computing are set to transform manufacturing into smarter, more efficient hubs by 2030

IoT and edge computing are the driving trends that are changing manufacturing by providing constant monitoring of the equipment operation, utilization and state that is the basis for prescriptive maintenance, reducing the time inoperative and prolonging the life cycle of the machinery. The study has shown that these technologies can help to decrease equipment failures by up to 70% and maintenance expenses by 25%, besides improving efficiencies in energy utilization and manufacturing operations. For instance, Armal S.p.A., the Italian cement firm, realized a 40% energy cost savings for the machinery through IoT monitoring of power consumption, and Hershey slashed USD 0.5 million for every 1% decrease in candy size in every 14 000-gallon batch with IoT sensors. Furthermore, IoT is expected to be most adopted in China by 2030 and is expected to contribute up to 26 % of the IoT value due to government support and fast manufacturing development.

Rise of Micro Factories to Redefine Localized Manufacturing in the Modern Era.

Microfactories are now becoming the future of manufacturing a small to medium production modules having various technologies like AI, automation and machine learning, etc. These small-scale, portable, and cheap structures are even more effective than conventional factories, and they can produce and experiment quickly. Some examples of microfactories are Arrival, which uses robotic microfactories for electric vehicles, and GE Appliances, which uses small production sites to fast prototype products. Microfactories were estimated to represent about 15% of the total manufacturing potential in 2023 and will generate 4.5 million new positions by 2030. As microfactories can facilitate the localization of production, decrease costs, and accelerate time to market, these are upending the manufacturing industry and boosting local economies.

The Impact of Cloud Computing and Decentralized Manufacturing on the Future of Manufacturing

Cloud computing and decentralised production are changing the face of manufacturing as these methods help in increasing productivity, flexibility and creativity. As per the analysis, 87% of management involves cloud solutions which assist such manufacturers as General Electric, Adidas and Tesla to organize better supply chains, improve production and increase customization. Cloud tech has been implemented in companies such as General Electric and Adidas to enhance operation as well as demand forecasting while Tesla has optimally utilised cloud in handling its production and resources. Spatial dispersion of production, it means more flexibility and insensitivity to disturbances in some location. As per AWS envisions in 2023, they spent USD 12.7 billion in India to enhance cloud infrastructure that would propel the nation’s economy as well as create employment opportunities for the people. Such trends are useful in making the manufacturing firms achieve high production, low costs, and efficient responding to market shifts.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=57364955

Asia Pacific’s Technological Leap in Shaping Tomorrow’s Factories

Asia Pacific is emerging to be a strong influential focal point in determining the identity of the factories in the near future as the manufacturing technologies advance. In the area, there have been observed indications of the increased application of artificial intelligence, machine learning, and Industrial Robotics, more so in the enhancement of effectiveness and reduction of time loss. South Korea is another example of a region that elevates the perception of smart factories by investing in smart and eco-friendly production technologies, while China has over 10,000 smart factories. India also leads efYYTforts such as SAMARTH Udyog towards deploying a smart manufacturing environment. An endowment by world-class tech players like NVIDIA, AWS, and Oracle is also adding to the base of the region’s infrastructure, making the Asia Pacific one of the important catalysts of change in the global manufacturing landscape.

[ota-technology]

Empowering Industrial 4.0 with Seamless IoT OTA Update

Introduction to Industry 4.0

Industry 4.0 represents the evolution of traditional manufacturing into a more connected, automated, and intelligent environment. By leveraging cutting-edge technologies such as the Internet of Things (IoT), artificial intelligence (AI), and big data analytics, Industrial 4.0 introduces a new era of smart factories. In this context, IoT OTA updates become a critical tool, enabling seamless updates to the devices and systems that power the modern industrial landscape. Through remote updates, businesses can continuously enhance operational performance, improve security, and integrate new technologies without downtime.

The Role of IoT OTA Update in Smart Inventory Management

In industries where efficiency and accuracy are paramount, inventory management can no longer be handled manually or through outdated systems. A smart inventory management system, powered by IoT devices, is crucial for real-time tracking, optimization of stock levels, and streamlining supply chains. The integration of iot ota update technology ensures that all devices in the system—such as sensors, RFID tags, and smart shelves—are continuously updated, allowing for real-time visibility and automated adjustments to inventory levels. This capability reduces errors, enhances stock tracking, and leads to better decision-making in inventory management processes.

The IoT OTA update also enables the seamless integration of new features into inventory management systems. For example, updates can improve system algorithms for more accurate demand forecasting or add new capabilities such as predictive maintenance for IoT-powered equipment. The ability to update systems remotely and without disruption ensures that businesses can maintain an efficient, scalable inventory system, keeping pace with evolving market demands and technological advancements.

Enhancing Workplace Safety with Safety Badge Cameras

Workplace safety is a fundamental concern in any industrial environment. Safety badge cameras equipped with IoT technology provide real-time monitoring of employee activity, ensuring compliance with safety protocols. These cameras can identify hazardous conditions or behaviors and immediately alert management to prevent accidents. The addition of iot ota update capabilities to safety badge cameras enhances their functionality by enabling remote upgrades to firmware, security features, and analytics algorithms. This means that safety cameras are always equipped with the latest software to identify potential risks, track safety trends, and improve overall workplace security.

By using IoT OTA update technology, industrial facilities can ensure that their safety systems remain up-to-date with the latest innovations in monitoring and compliance. For instance, improvements in video resolution, face recognition algorithms, or integration with AI-driven predictive safety systems can be added remotely, increasing the cameras' effectiveness without the need for manual intervention or on-site visits.

Real-Time Hazard Detection with Gas Leak Analyzers

Gas leak detection is crucial for preventing hazardous situations in industries such as chemical manufacturing, oil and gas, and mining. Traditional methods of detecting gas leaks are often limited by the need for manual inspections, which can be time-consuming and prone to human error. IoT-powered gas leak analyzers provide continuous, real-time monitoring of gas concentrations, alerting staff to potential threats before they escalate, iot ota update technology plays a significant role in ensuring that these analyzers are always running the most up-to-date software, which can improve sensitivity, accuracy, and response time to dangerous leaks.

With the help of IoT OTA update technology, gas leak analyzers can be updated remotely, ensuring that the devices are continually refined to detect even the smallest leaks. Firmware updates can also improve sensor calibration, extend battery life, or add new detection protocols for emerging gas types. This eliminates the need for costly on-site updates, allowing industrial facilities to focus on other critical operations while ensuring the safety of their workers.

Industrial IoT Devices and Their Integration with IoT OTA Updates

Industrial IoT (IIoT) devices are the backbone of Industry 4.0, providing the data and automation needed to optimize factory operations, from predictive maintenance to supply chain management. These devices can include sensors, actuators, robots, and other machinery that communicate data in real time. However, with the vast number of IIoT devices deployed across an industrial facility, managing their updates and ensuring they remain secure and functional can be a significant challenge. IoT OTA updates solve this problem by enabling remote, centralized updates to all connected devices, reducing the need for manual intervention and minimizing downtime.

Reducing Downtime with Seamless Remote Updates

One of the most significant advantages of IoT OTA update technology is the reduction in downtime it provides. Traditional systems often require manual updates, which can be time-consuming and disruptive. By allowing updates to be pushed remotely, industrial operations can continue running smoothly while devices are being updated in the background. This ensures that the most recent features, security patches, and optimizations are seamlessly integrated into the system without requiring significant downtime or disruptions to normal business activities.

The Future of Industrial 4.0 Powered by IoT OTA Updates

Looking toward the future, the role of IoT OTA update technology in Industry 4.0 will only continue to grow. As industries embrace more connected devices, AI-driven automation, and machine learning, the need for seamless updates will become even more pronounced. IoT OTA updates will be crucial in ensuring that new technologies are integrated without interrupting operations, keeping industrial facilities competitive and agile in a rapidly evolving market.

Conclusion

In the ever-evolving landscape of Industry 4.0, IoT OTA update technology is becoming indispensable for maintaining efficiency, security, and operational continuity. From smart inventory management to real-time gas leak detection, IoT OTA updates allow industries to remotely update their IoT devices, ensuring they are always functioning at peak performance. As industries continue to adopt more intelligent, interconnected systems, the ability to implement seamless updates will be a cornerstone of success in the industrial sector. The future of Industrial 4.0 is bright, powered by IoT OTA update technology that ensures businesses remain agile, competitive, and safe.

For more details click the link below

[riya2510]

5G System Integration Market Report: Insights, Trends, and Forecast 2022–2030

5G System Integration Market Report – Straits Research

Market Overview

The global 5G System Integration Market was valued at USD 7.76 Billion in 2021 and is projected to grow from USD XX Billion in 2022 to USD 67.16 Billion by 2030, growing at a robust CAGR of 27.1% during the forecast period (2022–2030). The market encompasses the integration of advanced technologies, including 5G networks, IoT devices, cloud computing, and edge computing, into existing infrastructures to enable high-speed communication and seamless connectivity. 5G system integration is essential for businesses across various industries to unlock the full potential of 5G technology, providing faster speeds, lower latency, and more reliable connections. With the growing demand for high-speed, ultra-reliable, and low-latency communications, the 5G system integration market is expected to experience significant growth.

Request a Free Sample (Free Executive Summary at Full Report Starting from USD 1850): https://straitsresearch.com/report/5g-system-integration-market/request-sample

5G System Integration Market Categorization

The 5G System Integration market is segmented in multiple ways, each targeting specific services, industries, and applications that benefit from 5G technology.

1. Services Outlook:

The services provided in 5G system integration can be divided into three main categories:

Consulting: Consulting services are crucial for businesses looking to adopt and integrate 5G technology into their operations. Consultants offer strategic advice on deployment strategies, cost management, and technology selection.

Infrastructure Integration: This involves the integration of 5G infrastructure, such as base stations, towers, and small cells, with existing network systems. This integration ensures the seamless functioning of 5G networks alongside legacy systems.

Application Integration: This service focuses on integrating 5G technology with applications across different sectors, ensuring that businesses can optimize their operations and communication systems by leveraging high-speed data transmission and low latency.

2. Vertical Outlook:

The market for 5G system integration is further segmented by industry verticals, as different sectors adopt 5G technology to enhance their operations:

Manufacturing: The adoption of 5G in manufacturing enables smart factories with automation, robotics, and real-time analytics, improving productivity and efficiency.

Energy & Utility: 5G technology enables real-time monitoring of energy grids, smart meters, and power distribution systems, improving operational efficiency and minimizing downtime.

Media & Entertainment: 5G enables high-quality streaming, virtual reality (VR), and augmented reality (AR) experiences, transforming the entertainment industry and providing new opportunities for content creators.

IT & Telecom: Telecom companies are leveraging 5G technology to upgrade their networks and provide high-speed internet services to customers, while the IT sector uses 5G to support large-scale cloud computing and data processing.

Transportation & Logistics: 5G supports the growth of autonomous vehicles, smart logistics, and real-time tracking, improving operational efficiency and reducing costs in the transportation and logistics industry.

BFSI (Banking, Financial Services, and Insurance): In the BFSI sector, 5G integration allows for secure, real-time transactions, mobile banking services, and enhanced customer experiences.

Healthcare: 5G’s low latency enables telemedicine, remote surgeries, and patient monitoring systems, helping healthcare providers improve patient care and operational efficiency.

Retail: Retailers use 5G technology to enhance customer experiences through augmented reality, personalized shopping experiences, and real-time inventory management.

Others: This category includes sectors such as education, government, and agriculture that are also adopting 5G technology for improved communication, data analysis, and operational efficiency.

3. Application Outlook:

The diverse applications of 5G technology span several fields, each providing unique benefits for different industries:

Smart City: 5G enables the development of smart city applications such as intelligent traffic systems, smart meters, and public safety systems, improving urban living.

Collaborative Robots / Cloud Robots: The integration of 5G with robotics allows for the deployment of collaborative robots in manufacturing and other industries, improving automation and efficiency.

Industrial Sensors: 5G facilitates the use of industrial sensors for real-time monitoring and data collection, enabling predictive maintenance and improving operations in industries like manufacturing and energy.

Logistics & Inventory Monitoring: With 5G, companies can track inventory in real-time, improve logistics efficiency, and enable faster delivery times, reducing operational costs.

Wireless Industry Camera: 5G enables high-definition video streaming from cameras used in industries like surveillance, security, and media, ensuring smooth, high-quality streaming.

Drone: Drones equipped with 5G can transmit high-definition video and data in real time, enabling uses in agriculture, delivery, and infrastructure inspection.

Home and Office Broadband: 5G enables high-speed internet access for both residential and commercial properties, enhancing broadband services for customers.

Vehicle-to-everything (V2X): V2X technology powered by 5G allows for communication between vehicles, infrastructure, and pedestrians, enabling safer, more efficient transportation systems.

Gaming and Mobile Media: 5G enhances the gaming experience by providing low-latency, high-speed connections for mobile games and media streaming.

Remote Patient & Diagnosis Management: 5G enables remote healthcare services, allowing for faster diagnosis, patient monitoring, and telemedicine applications.

Intelligent Power Distribution Systems: 5G enhances the management of power grids by providing real-time data, improving grid stability and reducing energy losses.

P2P Transfers / mCommerce: 5G facilitates faster peer-to-peer (P2P) payments and mobile commerce, enhancing the customer experience in the financial services industry.

4. Geographic Overview:

The 5G System Integration Market is witnessing dynamic growth across the globe. Key regions and their dominant countries are:

North America: The U.S. leads the North American market with the largest adoption of 5G technology, driven by the presence of major telecom players, technological advancements, and high investments in 5G infrastructure.

Europe: The European market is expanding, with the U.K., Germany, and France playing a significant role in adopting 5G systems, especially in manufacturing, healthcare, and transportation.

Asia Pacific: Asia Pacific is expected to witness the highest growth during the forecast period, with countries like China, Japan, and South Korea leading the 5G adoption race. The region’s strong focus on technological innovation and infrastructure development fuels market growth.

Latin America: Latin America is catching up with other regions in adopting 5G technology, particularly in countries like Brazil and Mexico. These countries are focusing on 5G infrastructure deployment and increasing connectivity in urban and rural areas.Market Segmentation with Insights-Driven Strategy Guide: https://straitsresearch.com/report/5g-system-integration-market/segmentation

Top Players in the 5G System Integration Market

The 5G System Integration Market features several industry leaders who are pivotal in the growth and innovation of 5G technology:

Accenture Inc.

Cisco Systems, Inc.

Huawei Technologies Co., Ltd.

Infosys Limited

Tata Consultancy Services Limited

Wipro Limited

Radisys Corporation

IBM Corporation

HPE (Hewlett Packard Enterprise)

Oracle Corporation

HCL Technologies Limited

ALTRAN

AMDOCS

CA Technologies

Hansen Technologies

Samsung Electronics Co., Ltd.

Ericsson

Keysight Technologies

ECI Telecom

These companies provide integrated solutions and services for the successful implementation and deployment of 5G systems, contributing to the rapid growth of the 5G ecosystem.

Key Unit Economics for Businesses and Startups

For businesses and startups, understanding the unit economics of 5G system integration is essential. Key metrics include:

Cost of Integration: The total investment required for adopting 5G infrastructure, including hardware, software, and consulting services.

Return on Investment (ROI): The anticipated financial returns from deploying 5G technology, which could include cost savings, enhanced operational efficiency, and new revenue streams.

Customer Acquisition and Retention: 5G enhances customer experiences, leading to higher retention rates and attracting new customers through innovative services.

Startups looking to integrate 5G technology should focus on scalable solutions and consider cloud-based integration services to reduce upfront costs.

Buy Full Report (Exclusive Insights with In-Depth Data Supplement): https://straitsresearch.com/buy-now/5g-system-integration-market

5G System Integration Market Operational Factors

Several operational factors influence the 5G system integration market, including:

Technology Advancements: Continuous developments in 5G, IoT, and edge computing technologies are driving the market forward.

Regulatory Challenges: Countries are implementing policies and regulations related to spectrum allocation, network sharing, and data security, affecting 5G adoption.

Deployment Costs: The high cost of infrastructure and integration services remains a barrier for some businesses, especially startups and small enterprises.Table of Contents for the 5G System Integration Market Report: https://straitsresearch.com/report/5g-system-integration-market/toc

About Straits Research

Straits Research is a leading provider of market research and intelligence services. With a focus on high-quality research, analytics, and advisory, our team offers actionable insights tailored to clients’ strategic needs.

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[techy-hub]

Top 10 Tech Trends 2025 Set to Shape the Future

Technology is advancing at a breathtaking pace, transforming industries and redefining professional landscapes. As we edge closer to 2025, understanding emerging trends is crucial for individuals and organisations aiming to stay ahead. From the rise of generative AI to breakthroughs in renewable energy, the year 2025 promises a technological revolution.

Here, we explore 10 tech trends 2025 poised to shape the future, supported by data and insights to guide professionals through this dynamic landscape.

1. Generative AI: Creativity Unleashed

Generative AI is redefining creativity across industries. From crafting lifelike visuals to designing intricate simulations, its applications are endless. Gartner predicts that by 2025, generative AI will contribute to 10% of all data produced, a sharp increase from less than 1% today.

Industries are harnessing this technology to innovate and personalise at scale. In healthcare, generative AI designs custom prosthetics and enables virtual surgeries, while in entertainment, it creates scripts, music, and hyper-realistic characters. The ethical dimensions, including intellectual property and misinformation concerns, underline the need for responsible AI adoption.

2. Quantum Computing: Revolutionising Problem-Solving

Quantum computing holds the key to solving challenges previously insurmountable for classical computers. From cryptography to drug discovery, its potential applications are transformative. According to McKinsey, quantum computing could disrupt industries worth over $1 trillion by 2025.

Pioneers like IBM and Google are leading the charge, with quantum algorithms optimising supply chains and expediting AI training. Despite challenges such as error correction and costly hardware, ongoing research is propelling quantum computing towards mainstream accessibility.

3. 5G Expansion: Enabling Real-Time Innovation

The global rollout of 5G networks is the backbone for innovations such as IoT, autonomous vehicles, and augmented reality. With speeds up to 100 times faster than 4G, 5G enhances industries reliant on real-time data processing. Statista forecasts over 4 billion 5G subscriptions by 2025.

In healthcare, 5G supports telemedicine and remote surgeries, while in manufacturing, it powers smart factories with real-time automation. Although deployment faces hurdles like high infrastructure costs, collaborations between governments and enterprises are accelerating its reach.

4. Virtual Reality (VR) 2.0: Immersive Evolution

Enhanced VR technologies are revolutionising education, healthcare, and entertainment. MarketsandMarkets projects the VR market will grow to $26.8 billion by 2025. VR is enriching education through interactive learning environments and transforming healthcare with realistic training simulations.

Businesses are embracing VR for virtual meetings, while the entertainment industry uses it for immersive gaming and cinematic experiences. As hardware becomes more affordable and user-friendly, VR adoption is set to surge.

5. Augmented Reality (AR): Connecting Real and Virtual

AR is bridging the gap between real and virtual worlds, enhancing customer engagement and operational efficiency. Deloitte anticipates the AR market will surpass $100 billion by 2025.

Retailers like IKEA enable customers to visualise products in their homes through AR, while healthcare leverages AR for precision surgeries. Lightweight AR glasses and 5G integration are expected to accelerate adoption.

6. Internet of Things (IoT): Pioneering Smart Ecosystems

IoT is central to smart cities, optimising traffic, energy consumption, and public safety. IDC estimates the global IoT market will reach $1.6 trillion by 2025.

Smart homes, equipped with IoT devices, enhance convenience and energy efficiency. In agriculture, IoT sensors aid precision farming by monitoring soil and weather conditions. As IoT grows, ensuring data security and compatibility remains a priority.

7. Biotechnology in Agriculture: Feeding the Future

Biotechnology is tackling food security with innovations like CRISPR gene editing, enhancing crop resistance and yield. According to the UN, biotechnology could boost global food production by 70% by 2050.

Farmers are adopting genetically modified crops and lab-grown meat alternatives to meet rising food demands sustainably. Despite ethical and regulatory debates, biotechnology is vital for a resilient food supply chain.

8. Autonomous Vehicles: Driving Transformation

Autonomous vehicles are reshaping transportation and logistics. Allied Market Research predicts the autonomous vehicle market will reach $556 billion by 2026. Ride-hailing companies are deploying autonomous fleets, while logistics firms use self-driving trucks for uninterrupted supply chains.

Challenges such as public acceptance and regulatory frameworks persist, but advancements in AI and sensor technology promise widespread adoption.

9. Blockchain: Revolutionising Trust and Transparency

Blockchain technology is moving beyond cryptocurrency into supply chain transparency, secure voting, and decentralised finance (DeFi). PwC estimates it will contribute $1.76 trillion to the global economy by 2030.

By offering immutable records, blockchain enhances supply chain efficiency and election security. Innovations like proof-of-stake are addressing scalability concerns, fostering broader adoption across sectors.

10. Green Energy Technologies: A Sustainable Shift

The shift to renewable energy is critical for combating climate change. The International Energy Agency projects a 50% expansion in renewable energy capacity between 2020 and 2025.

Companies are investing in hydrogen fuel cells and smart grids to optimise energy distribution. Governments worldwide are incentivising green energy adoption through subsidies and carbon pricing, laying the foundation for a sustainable future.

The Path Ahead

These trends illustrate the profound technological advancements reshaping our world by 2025. Staying informed and adaptable is essential for professionals to harness these opportunities.

For a deeper dive into these transformative technologies, read more at 2025 Tech Trends.

As we navigate this era of innovation, the possibilities are limitless for those ready to embrace change. Are you prepared to shape the future?

[trendsofmarket]

Analysis of Japan Infrared Camera Market Outlook and Forecasts By Top Manufacturers, Production, Consumption, Trade Statistics, and Growth Analysis

Research Nester’s latest report on the "Japan Infrared Camera Market: Supply & Demand Analysis, Growth Forecasts & Statistics Report 2025-2037" provides an in-depth analysis of market dynamics, emerging trends, and regional developments. The report segments the market by product type, application, technology, wavelength, and end user, emphasizing the impact of innovations in uncooled infrared cameras and their growing use in defense, industrial monitoring, and smart automotive systems on market growth. The study offers a comprehensive evaluation of growth drivers, challenges, and opportunities shaping the future of Japan infrared camera market.

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Expanding Applications Across Multiple Industries to Propel Japan Infrared Camera Market Growth

The infrared camera market in Japan is expanding steadily due to the rising demand from different industries such as automotive, health care, and defense. The development of high-resolution imaging and integration with AI, along with better safety regulation in industrial usage and increased adoption of predictive maintenance and surveillance, are anticipated to drive market expansion. Furthermore, involvement in smart city projects and expanding infrastructure opens more opportunities for creative solutions involving infrared cameras. The adoption of infrared cameras in Japan is likely to rise due to growing awareness among the public about the practical uses of thermal imaging in non-invasive medical diagnostics and energy audits.

Key Drivers and Challenges Impacting the Japan Infrared Camera Market

Growth Drivers:

Rising adoption of infrared cameras in defense for surveillance and tactical operations.

Increasing use of thermal imaging in industrial applications such as equipment monitoring and energy audits.

Growing integration of infrared cameras in automotive safety systems, including ADAS.

Challenges:

High cost of advanced infrared camera systems, limiting adoption in small-scale industries.

Technical challenges in maintaining accuracy and sensitivity in extreme environmental conditions.

Stringent regulations regarding the export and use of infrared technologies in defense applications.

Access our detailed report at:

The mounted camera segment is anticipated to account for 46.4% of the share during the forecast period. The segment is expected to grow owing to its wide applications in industrial automation and fixed surveillance systems. Due to superior stability and precision imaging, the mounted cameras are perfect for long-term monitoring in critical facilities such as factories, power plants, and military installations. The integration of cameras with advanced analytics systems enhances their value contribution to actionable insights, fostering segment growth. Furthermore, the increasing utilization of mounted cameras within smart city projects for traffic management and public safety is likely to boost market growth. 

Tokyo infrared camera market is likely to experience rapid growth due to a higher concentration of energy efficiency programs in urban areas, which heavily rely on infrared cameras for locating heat loss and optimizing building performance. Sensitivity toward safety measures is also growing, as a result, increasing investments are being made in security-related systems and solutions for public transportation systems and critical infrastructure. The infrared camera market is anticipated to witness a surge, especially in Osaka, due to increasing industrial automation and smart manufacturing practices involving infrared for better operational efficiency. Furthermore, there is a growing demand for effective surveillance solutions that can operate in diversified environmental conditions with continuously growing urbanization.

The infrared camera market in Japan is competitive, with the presence of several key domestic and international players. These companies include Nippon Avionics Co., Ltd, Teledyne FLIR, Hamamatsu Photonics K.K., Aval Data Corporation, Micro-Epsilon Japan KK, Vision Sensing Inc., Axis Communications AB, and Photonic Lattice, Inc. The companies hold commanding positions based on their technological expertise and wide distribution networks. As a result, they have managed to retain competitive advantages through continuous R&D efforts in creating product development and performance. Also, strategic partnerships and investments in production capacity expansion add to the competitive intensity of the market.    

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Research Nester Analytics is a leading service provider for strategic market research and consulting. We provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates, and executives make informed decisions regarding future marketing strategy, expansion, and investments. We believe every business can expand its horizon with the right guidance at the right time. Our out-of-the-box thinking helps clients navigate future uncertainties and market dynamics.

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[industrynewsupdates]

Industrial Ethernet Market Outlook, Competitive Strategies And Forecast

The global industrial ethernet market size was estimated at USD 11.43 billion in 2023 and is projected to expand at a CAGR of 7.9% from 2024 to 2030. The market is experiencing significant growth, driven by the increasing demand for robust and reliable networking solutions in industrial settings. As manufacturing processes become more automated and interconnected, the need for high-speed, low-latency communication networks has intensified. Industrial Ethernet provides a scalable and flexible infrastructure that supports real-time data exchange and integration with advanced technologies such as IoT and Industry 4.0. This evolution is fueled by the rise of smart factories, where seamless data flow between machines and control systems is crucial.

The shift from traditional fieldbus systems to Ethernet-based networks is also contributing to the market expansion, as Ethernet offers superior bandwidth and network management capabilities. Furthermore, the growing emphasis on predictive maintenance and data analytics in industrial operations is pushing companies to invest in Ethernet solutions that can handle large volumes of data. As a result, the market is poised for robust growth, with increasing adoption across various sectors.

The market is also gaining traction in industries such as energy, transportation, and utilities. These sectors require reliable and secure communication networks to manage complex operations and ensure safety. For instance, in the energy sector, Ethernet networks are used to monitor and control power grids, enabling real-time data acquisition and response to system anomalies. Similarly, in transportation, Ethernet solutions facilitate the management of traffic control systems and support advanced applications like vehicle-to-everything (V2X) communication.

Gather more insights about the market drivers, restrains and growth of the Industrial Ethernet Market

Key Industrial Ethernet Company Insights

Prominent firms have used product launches and developments, followed by expansions, mergers and acquisitions, contracts, agreements, partnerships, and collaborations as their primary business strategy to increase their market share. The companies have used various techniques to enhance market penetration and boost their position in the competitive industry.

For instance, In April 2024, Festo BV., a German automation company, and Phoenix Contact announced a strategic partnership to develop innovative solutions using PLCnext technology, combining their strengths to advance industrial automation. This collaboration aims to create flexible, open automation systems that meet the convergence of IT and OT, driving innovation and sustainability in the industry.

Recent Developments

• In July 2024, Moxa Inc. launched the MRX Series Layer 3 rackmount Ethernet switches, which support up to 64 ports and offer 16 ports with 10GbE speed. The EDS-4000/G4000 Series Layer 2 switches with 2.5GbE uplink options to enable high-bandwidth IT/OT convergence for industrial applications. These switches offer industrial-grade reliability, network redundancy, and simplified deployment, providing enhanced security and exceptional flexibility to futureproof network infrastructure.

• In July 2024, Rockwell Automation collaborated with Cisco Systems, Inc. to develop the Stratix 5200 Ethernet switches, which enhance OT and IT integration with increased functionality, security, and seamless integration with Rockwell’s Studio 5000 software. These switches, built on the Cisco IOS XE platform, support high-speed, redundant architectures, Layer 2 access switching, and compliance with international cybersecurity standards.

• In May 2024, Cisco Systems, Inc. integrated Splunk technology with its Extended Detection & Response (XDR) service to enhance enterprise Security Operations Centers (SOCs) by providing comprehensive threat prevention, detection, investigation, and response capabilities. This integration, along with the addition of AI and machine learning features, aims to improve security visibility and efficiency, helping organizations maintain robust security postures and address the global cybersecurity talent shortage.

Global Industrial Ethernet Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global industrial Ethernet market report based on type, protocol, end us,e and region.

Type Outlook (Revenue, USD Million, 2018 - 2030)

• Hardware

• Software

• Services

Protocol Outlook (Revenue, USD Million, 2018 - 2030)

• EtherCAT

• EtherNet/IP

• PROFINET

• POWERLINK

• SERCOS III

• CC-Link IE

End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Automotive & Transportation

• Oil and Gas

• Energy & Power

• Food & Beverages

• Chemical & Fertilizer

• Electrical & Electronics

• Aerospace & Defense

• Others

Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o UK

o Germany

o France

• Asia Pacific

o China

o Japan

o India

o South Korea

o Australia

• Latin America

o Brazil

• Middle East and Africa (MEA)

o KSA

o UAE

o South Africa

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

[tagbintech]

AI in Manufacturing Innovation: Transforming the Future of Production

Artificial Intelligence (AI) is revolutionizing industries worldwide, and manufacturing is no exception. With its ability to enhance efficiency, reduce costs, and unlock unprecedented opportunities, AI is spearheading a new era of manufacturing innovation. This article delves into the profound impact of AI on manufacturing, the technologies driving the change, and the future it promises.

Understanding AI in Manufacturing

AI in manufacturing involves using advanced algorithms and machine learning to automate processes, optimize workflows, and predict outcomes. From production line automation to quality control, AI empowers manufacturers to meet rising demands with precision and speed.

Applications of AI in Manufacturing Innovation

Predictive Maintenance: AI-powered systems analyze machinery data to predict maintenance needs, reducing downtime and preventing costly breakdowns.

Quality Assurance: AI detects defects with unparalleled accuracy, ensuring high-quality output and reducing waste.

Supply Chain Optimization: By analyzing market trends and logistical data, AI enhances inventory management, supplier coordination, and delivery schedules.

Robotics in Production: Smart robots, driven by AI, perform repetitive and dangerous tasks with precision, improving safety and productivity.

Demand Forecasting: AI analyzes consumer data and market trends to anticipate product demand, optimizing production schedules and inventory.

Benefits of AI in Manufacturing

Increased Efficiency: AI-driven automation streamlines workflows, boosting productivity.

Cost Reduction: By minimizing errors and waste, AI significantly reduces operational costs.

Enhanced Flexibility: Adaptive AI systems enable manufacturers to pivot quickly to market changes.

Sustainability: AI facilitates resource optimization, promoting eco-friendly practices.

Challenges and Solutions

High Implementation Costs: While initial investment is high, ROI from increased efficiency and reduced downtime offsets the expense.

Workforce Transition: Upskilling workers to collaborate with AI systems ensures a harmonious integration of human expertise and technology.

Data Security: Robust cybersecurity measures safeguard sensitive manufacturing data from breaches.

Case Studies of AI-Driven Manufacturing Innovation

Tesla: Tesla employs AI in its Gigafactories for automation, predictive maintenance, and quality control, setting benchmarks in automotive manufacturing.

Siemens: Siemens uses AI for intelligent robotics and process optimization, leading to cost-efficient production cycles.

GE Aviation: GE leverages AI for predictive analytics, optimizing engine performance and maintenance schedules.

The Future of AI in Manufacturing

AI's integration with emerging technologies like the Internet of Things (IoT) and 5G will further revolutionize manufacturing. Smart factories, characterized by autonomous systems and real-time data exchange, are set to become the industry norm. AI will also drive sustainable manufacturing by optimizing resource use and reducing carbon footprints.

Conclusion

AI in manufacturing is not just a technological advancement; it’s a transformative force reshaping the entire industry. By integrating AI solutions like predictive maintenance, robotics, and quality assurance systems, manufacturers can achieve unmatched efficiency, cost-effectiveness, and sustainability. Despite challenges such as high implementation costs and workforce adaptation, the benefits far outweigh the hurdles. As industries continue to evolve, AI will play a pivotal role in driving innovation, fostering adaptability, and ensuring a sustainable future. Companies embracing this revolution are poised to lead the charge in setting new benchmarks for productivity and excellence in manufacturing.