#Integrated Automation System (IAS) Market Analysis
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Global Augmented Intelligence Market is expected to Reach a Market value of USD 314.4 billion by 2033 at a CAGR of 26.1%.
Global Augmented Intelligence Market: Transforming Decision-Making with AI
The world of artificial intelligence (AI) is expanding rapidly, bringing forward transformative solutions that enhance human capabilities. One such advancement is augmented intelligence, a concept that blends human intelligence with AI technologies to improve decision-making and operational efficiency. The Global Augmented Intelligence Market is growing at an impressive pace, with an expected market value of USD 39.0 billion by 2024. By 2033, this market is anticipated to reach a staggering USD 314.4 billion, growing at a CAGR of 26.1%. This article explores the growth, trends, and key factors driving this booming market.
Market Overview: Understanding Augmented Intelligence
Augmented intelligence, also known as intelligence amplification (IA), is a branch of artificial intelligence designed to enhance human intelligence rather than replace it. Unlike traditional AI systems that operate independently, augmented intelligence systems collaborate with humans to make data-driven decisions and perform tasks more efficiently. By assisting with data analysis, pattern recognition, and decision support, augmented intelligence helps people work smarter, not harder.
As industries and organizations generate vast amounts of data, the need for advanced analytics and predictive insights becomes critical. Augmented intelligence systems allow businesses to harness this data for smarter decision-making, thus improving operational efficiency, reducing errors, and enhancing customer satisfaction.
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The Growth of the Global Augmented Intelligence Market
Driving Factors Behind Market Growth
The demand for augmented intelligence is growing due to several key factors. These include the increasing complexity of data analytics, the need for improved decision-making, and the desire for enhanced productivity across industries. In particular, industries such as healthcare, finance, retail, and telecommunications are increasingly adopting augmented intelligence solutions to improve efficiency and operational effectiveness.
Market Size and Growth Projections
The Global Augmented Intelligence Market is expected to see tremendous growth, with an anticipated market value of USD 39.0 billion by 2024. By 2033, the market is forecasted to reach USD 314.4 billion, with a CAGR of 26.1%. This growth is driven by several factors, including an increase in the adoption of AI tools for analytics, decision support, and automation.
Regional Insights
In 2024, North America is expected to lead the market, accounting for 38.5% of the global revenue share. The region’s dominance is attributed to the strong adoption of AI technologies in sectors like healthcare, retail, and finance, as well as a well-established tech infrastructure that supports innovation and development.
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Key Components of the Global Augmented Intelligence Market
Software Solutions: The Core of Augmented Intelligence
Software is expected to dominate the Global Augmented Intelligence Market in 2024, with a revenue share of 47.6%. This is because software applications provide the critical tools for businesses to integrate AI algorithms into their workflows. By automating data analysis, software solutions enable companies to gain actionable insights that can drive strategic decision-making.
Notable software solutions in the market include platforms like Microsoft Power BI, Tableau, and Qlik, which integrate AI to streamline data visualization and decision-making processes. These platforms use AI to turn large datasets into easy-to-understand reports, dashboards, and predictions, helping companies improve their business intelligence and analytics capabilities.
Machine Learning: The Backbone of Augmented Intelligence
Machine learning (ML) is expected to be the dominant technology in the augmented intelligence market in 2024, with a large revenue share. The increasing need for more efficient data processing and analysis has made machine learning a cornerstone technology in AI-driven decision-making tools. ML models analyze vast and diverse datasets to recognize patterns and make predictions, providing businesses with actionable insights and enabling them to automate key processes.
Machine learning’s applications are extensive, ranging from recommendation engines in retail to fraud detection in finance and predictive maintenance in manufacturing.
Natural Language Processing (NLP) and Other Technologies
Another technology driving the growth of augmented intelligence is Natural Language Processing (NLP), which allows AI systems to process and understand human language. This is essential for applications like AI-driven customer service, sentiment analysis, and virtual assistants. Emerging AI technologies, including ChatGPT and Gemini, are pushing the boundaries of NLP, enabling businesses to interact with customers and clients more effectively.
Other technologies, such as computer vision and context-aware computing, also contribute to the growth of augmented intelligence by enabling AI systems to interpret visual data and respond to environmental contexts, respectively.
Use Cases of Augmented Intelligence
Healthcare Diagnostics
In the healthcare industry, augmented intelligence is revolutionizing diagnostics. AI-powered tools assist radiologists by analyzing medical images such as X-rays, MRIs, and CT scans. These systems can identify anomalies and suggest potential diagnoses, thus improving the accuracy and speed of healthcare delivery. Augmented intelligence is also helping healthcare providers in patient monitoring and personalized treatment plans.
Customer Service
Augmented intelligence plays a critical role in enhancing customer service. AI-driven chatbots and virtual assistants are used to handle customer queries, resolve issues, and provide real-time support without human intervention. Additionally, AI systems analyze customer feedback and sentiment to help businesses optimize their services and improve the customer experience.
Retail and E-Commerce
In retail, augmented intelligence helps businesses create personalized shopping experiences for customers. By analyzing customer preferences and purchase history, AI systems can recommend products tailored to individual needs, boosting sales and customer loyalty. Additionally, augmented intelligence aids in inventory management, optimizing stock levels to reduce waste and improve profitability.
Financial Services
In the financial services sector, augmented intelligence is used to assist financial advisors in providing personalized investment advice. By analyzing vast amounts of financial data and market trends, AI tools help advisors make informed decisions and offer clients tailored recommendations. AI is also used for risk management and fraud detection, ensuring security and compliance in the financial industry.
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Market Dynamics: Challenges and Opportunities
Drivers of Growth
Opportunities in the Market
Challenges and Restraints
Despite the promising growth, the augmented intelligence market faces several challenges, particularly the shortage of skilled professionals. The development and maintenance of AI systems require specialized knowledge in fields like machine learning and data analytics. The demand for such skilled professionals often outpaces supply, limiting the growth potential in certain regions.
FAQs
1. What is augmented intelligence?
Augmented intelligence refers to the combination of human intelligence and AI technologies to improve decision-making and operational efficiency. Unlike traditional AI, which operates independently, augmented intelligence works alongside humans to analyze data, recognize patterns, and make informed decisions.
2. How is augmented intelligence used in healthcare?
In healthcare, augmented intelligence assists with diagnostics by analyzing medical images (e.g., X-rays and MRIs) to detect anomalies. It also aids in personalized treatment planning and patient monitoring, improving healthcare delivery and outcomes.
3. What are the key technologies driving augmented intelligence?
Key technologies driving augmented intelligence include machine learning, natural language processing (NLP), and computer vision. These technologies enable AI systems to process large datasets, understand human language, and interpret visual data.
4. What industries are adopting augmented intelligence the most?
Industries such as healthcare, finance, retail, and telecommunications are adopting augmented intelligence technologies to improve decision-making, enhance customer experience, and optimize operations.
5. What is the projected growth of the augmented intelligence market?
The Global Augmented Intelligence Market is expected to grow from USD 39.0 billion in 2024 to USD 314.4 billion by 2033, at a CAGR of 26.1%. The market is driven by increasing adoption of AI tools and technologies across various sectors.
Conclusion: The Future of Augmented Intelligence
The Global Augmented Intelligence Market is set to experience impressive growth in the coming years. With advancements in AI and machine learning technologies, augmented intelligence is transforming how businesses operate, make decisions, and interact with customers. From healthcare diagnostics to retail and financial services, the potential applications of augmented intelligence are vast.
As the market continues to expand, businesses must stay ahead by adopting AI-driven tools and solutions that enhance decision-making capabilities, boost productivity, and provide a competitive edge. By leveraging the power of augmented intelligence, organizations can position themselves for success in an increasingly data-driven world.
#augmented intelligence#artificial intelligence#machine learning#AI#big data#cloud computing#data analytics#business intelligence#decision making#AI applications#healthcare AI#financial
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Autonomous Aircraft Market Size, Share & Industry Analysis, By Aircraft Type 2027
The global autonomous aircraft market size is projected to reach USD 16.23 billion by the end of 2027. The rising investments in the development of improved aircraft infrastructure will emerge in favor of market growth. According to a report published by Fortune Business Insights, titled “Autonomous Aircraft Market Size, Share & Industry Analysis, By Aircraft Type (Fixed-Wind and Rotary-Wing), By Component (Hardware and Software), By Technology (Increasingly Autonomous (IA) and Fully Autonomous), By Application (Commercial Aircraft, Air Medical Service, Passenger Air Vehicle, Cargo & Delivery Aircraft, Combat and ISR, Personal Air Vehicle, and Others), and Regional Forecasts, 2023-2027,” the market was worth USD 4.56 billion in 2023 and will exhibit a CAGR of 22.68% during the forecast period, 2023-2027.
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List of Leading Companies Profiled in the Autonomous Aircraft Market Research Report are:
AeroVironment, Inc. (The U.S.)
Airbus S.A.S. (the Netherlands)
BAE Systems (The U.K)
Boeing (The U.S.)
Elbit Systems (Israel)
Embraer (Brazil)
Lockheed Martin Corporation (The U.S.)
Northrop Grumman Corporation (The U.S.)
Raytheon Technologies (The U.S.)
Saab ABAB (Sweden)
The report on the automotive sunroof market reveals:
Prominent insights on all the latest industry developments
Accurate data with comprehensive research
Market dynamics and growth exhibitors
Meticulous information about the leading players in the market
Autonomous aircraft are fully or partially automated vehicles where human intervention may or may not be a necessity. Technological integration has played a massive role in the development of autonomous aircraft. The use of concepts such as AI and IoT has allowed real-time operations. The massive investments in the integration of such real-time concepts as well as sensor-based modules will open up a huge potential for the growth of the overall autonomous aircraft market in the near future.
The presence of several autonomous aircraft vendors in several countries across the world will emerge in favor of market growth. The increasing emphasis on the use of AI-integrated concepts is attributable to the benefits offered by this concept including high precision, accuracy, and efficiency. The increasing use of autonomous vehicles in military and defense applications will create several opportunities for growth.
Increasing Number of Company Mergers and Acquisitions will Emerge in Favor of Market Growth
The report encompasses several factors that have affected the growth of the overall autonomous aircraft market in recent years. Among all factors, the increasing number of company mergers and acquisitions has made the highest impact on the growth of the overall market in recent years. In January 2016, AAI Corporation announced that it has bagged a contract from the US Army for the production of tactical data link retrofit. This contract is aimed at the full-rate production of the devices the ‘Shadow Tactical’ unarmed aircraft system. The contract is said to be worth an estimated USD 97.1 million. AAI Corporation’s constant efforts in innovations and highly efficient products seem to have paid off. Through this contract, the company will look to establish a strong platform for future growth.
North America to Emerge Dominant; Increasing Investment in Product R&D to Aid Growth
The report analyses the latest market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge dominant in the coming years. The rising investment in the research and development of efficient autonomous aircraft will emerge in favor of market growth.
Moreover, the presence of several large scale companies including Boeing Company, Lockheed Martin Corporation, and Northrop Grumman will contribute to the growth of the regional market. As of 2019, the market in North America was worth 1.72 billion and this value is projected to increase at a considerable pace in the coming years. The market in Europe will exhibit a significant CAGR in the coming years owing to rising demand from the military sector for surveillance operations. Additionally, the increasing investment in aircraft infrastructures will emerge in favor of market growth.
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Robotic Process Automation
RPA, also known as software robotics, makes use of intelligent automation technologies to do ordinary office tasks that would often be handled by human workers.

What is robotic process automation?
Software robotics, also known as robotic process automation (RPA), simulates back-office tasks carried out by human staff, such as extracting data, completing forms, moving files, etc., using automation technology. It integrates and completes repetitive operations between enterprise and productivity applications by combining APIs and UI interactions. By deploying scripts that simulate human activities, RPA technologies execute a variety of jobs and transactions autonomously across unrelated software systems.
This kind of automation frees up human resources to concentrate on harder tasks by doing business process operations in big quantities using rule-based software. RPA enables CIOs and other decision-makers to accelerate the digital transformation process and boost employee return on investment (ROI) by enabling the digital workforce to carry out more time-consuming and difficult tasks.
Enterprises should first evaluate their data management processes and data architecture to see if they are ready to implement RPA technology. High-quality data and good data governance are crucial for RPA to flourish, and it won't be able to meet business demands without the right safeguards (such as a centre of excellence, governance boards, and written rules).
RPA and intelligent automation
To compete in the market, RPA solutions must expand their product lines to incorporate intelligent automation in addition to task automation (IA). By incorporating the artificial intelligence subfields of computer vision, natural language processing, and machine learning. This type of automation expands RPA's capabilities.
Intelligent process automation requires far more than just the simple rule-based architecture of RPA. RPA can be compared to AI and ML, which put more of an emphasis on "thinking" and "learning," respectively. In order to improve the speed and accuracy of the programme, it trains algorithms using data. As RPA technologies increasingly incorporate artificial intelligence, it will be harder to discern between these two groups.
RPA and artificial intelligence
RPA and artificial intelligence (AI) are two very distinct ideas that are occasionally used interchangeably. Cognitive automation, machine learning, natural language processing, reasoning, hypothesis development, and analysis are all combined in artificial intelligence (AI).
The key distinction between RPA and AI is that one is process-driven while the other is data-driven. RPA bots can only carry out processes that end users design, in contrast to AI bots, which employ machine learning to identify patterns in data, particularly unstructured data, and learn over time. To put it another way, RPA only aims to replicate human-led jobs, whereas AI strives to emulate human intelligence. Both RPA systems and artificial intelligence (AI) reduce the need for human interaction, yet they automate processes differently.
However, RPA and AI complement each other effectively as well. RPA may make use of AI to handle more complex use cases and fully automate tasks. In addition, RPA enables faster responses to AI results than waiting for manual implementations.
RPA and hyper automation
Hyper automation is the idea of automating everything in an organization that can be automated. Hyper-automated businesses automate specific workflows and streamline corporate processes using techniques like robotic process automation (RPA) and artificial intelligence (AI).
How does RPA work?
RPA software products, according to Forrester, should include the following essential capabilities:
the capacity to write low-code automation programmes
Application-specific adaptation
Administration and orchestration include configuration, monitoring, and security.
Front-end connectors enable RPA and other automation technologies to easily integrate with other applications and access data from legacy systems. So, just like a real worker, the automation platform may perform routine tasks like logging in and copying and pasting data between platforms. Although back-end connections to databases and enterprise web services can also aid with automation, RPA's true usefulness resides in its quick and uncomplicated front-end interactions.
The benefits of RPA
RPA has a variety of advantages, such as:
Less coding
RPA does not always need a developer to configure it; therefore, drag-and-drop capabilities in user interfaces make it easier for non-technical staff to onboard RPA.
Rapid cost savings.
RPA reduces team workloads, enabling workers to be moved to other crucial tasks that still require human input, boosting output and return on investment.
Higher customer satisfaction
Bots and chatbots can reduce customer wait times and boost customer satisfaction because they are accessible round-the-clock.
Improved employee morale
RPA frees your personnel from needing to complete high-volume, repetitive tasks, allowing them to focus on more strategic and important choices. The office redesign will raise employee satisfaction.
Better accuracy and compliance
In particular when it comes to work that must be correct and in compliance with rules, human error can be reduced or even completely eliminated by using RPA robots that can be programmed to follow precise processes and procedures. RPA can also offer an audit trail, which makes it easy to track progress and deal with problems more rapidly.
Existing systems remain in place
Robotic process automation software only modifies the presentation layer of pre-existing applications, not the underlying systems, thus there is no interference with those. So even if you lack an API or the skills to create complex integrations, you can still use bots.
RPA Challenges
RPA software can help businesses grow, but there are a number of obstacles, such as organizational culture, technical issues, and scaling.
Organizational culture
RPA may eliminate certain jobs, but it will also promote the formation of new positions to perform more difficult tasks, freeing up staff members to concentrate on in-depth planning and novel problem-solving. As job responsibilities change, organizations will need to encourage a culture of creativity and learning. The ability of a workforce to adapt will be crucial for the success of automation and digital transformation programmes. By educating your staff and investing in training programmes, you can prepare teams for constant shifts in priorities.
Difficulty in scaling
RPA can handle multiple tasks at once, however scaling it up within an organisation may be difficult due to internal or regulatory changes. According to a Forrester survey, 52% of customers report having difficulty scaling their RPA programme. Most RPA programmes only reach the first 10 robots, despite the fact that a company needs at least 100 operational robots for a programme to be considered mature.
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$16.23 Billion Autonomous Aircraft Market Expected to Grow at a CAGR of over 22.68% During 2020-2027 |Fortune Business Insights™
The global autonomous aircraft market size is projected to reach USD 16.23 billion by the end of 2027. The rising investments in the development of improved aircraft infrastructure will emerge in favor of market growth. According to a report published by Fortune Business Insights, titled “Autonomous Aircraft Market Size, Share & Industry Analysis, By Aircraft Type (Fixed-Wind and Rotary-Wing), By Component (Hardware and Software), By Technology (Increasingly Autonomous (IA) and Fully Autonomous), By Application (Commercial Aircraft, Air Medical Service, Passenger Air Vehicle, Cargo & Delivery Aircraft, Combat and ISR, Personal Air Vehicle, and Others), and Regional Forecasts, 2020-2027,” the market was worth USD 4.56 billion in 2019 and will exhibit a CAGR of 22.68% during the forecast period, 2020-2027.

The report on the automotive sunroof market reveals:
Prominent insights on all the latest industry developments
Accurate data with comprehensive research
Market dynamics and growth exhibitors
Meticulous information about the leading players in the market
Autonomous aircraft are fully or partially automated vehicles where human intervention may or may not be a necessity. Technological integration has played a massive role in the development of autonomous aircraft. The use of concepts such as AI and IoT has allowed real-time operations. The massive investments in the integration of such real-time concepts as well as sensor-based modules will open up a huge potential for the growth of the overall autonomous aircraft market in the near future.
The presence of several autonomous aircraft vendors in several countries across the world will emerge in favor of market growth. The increasing emphasis on the use of AI-integrated concepts is attributable to the benefits offered by this concept including high precision, accuracy, and efficiency. The increasing use of autonomous vehicles in military and defense applications will create several opportunities for growth.
Increasing Number of Company Mergers and Acquisitions will Emerge in Favor of Market Growth
The report encompasses several factors that have affected the growth of the overall autonomous aircraft market in recent years. Among all factors, the increasing number of company mergers and acquisitions has made the highest impact on the growth of the overall market in recent years. In January 2016, AAI Corporation announced that it has bagged a contract from the US Army for the production of tactical data link retrofit. This contract is aimed at the full-rate production of the devices the ‘Shadow Tactical’ unarmed aircraft system. The contract is said to be worth an estimated USD 97.1 million. AAI Corporation’s constant efforts in innovations and highly efficient products seem to have paid off. Through this contract, the company will look to establish a strong platform for future growth.
North America to Emerge Dominant; Increasing Investment in Product R&D to Aid Growth
The report analyses the latest market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge dominant in the coming years. The rising investment in the research and development of efficient autonomous aircraft will emerge in favor of market growth.
Moreover, the presence of several large scale companies including Boeing Company, Lockheed Martin Corporation, and Northrop Grumman will contribute to the growth of the regional market. As of 2019, the market in North America was worth 1.72 billion and this value is projected to increase at a considerable pace in the coming years. The market in Europe will exhibit a significant CAGR in the coming years owing to rising demand from the military sector for surveillance operations. Additionally, the increasing investment in aircraft infrastructures will emerge in favor of market growth. Table of Content
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
Latest technological Advancements
Porters Five Forces Analysis
Supply Chain Analysis
COVID-19 Pandemic Impact Analysis
Quantitative Insights- Impact of COVID-19 Pandemic on Global Autonomous Aircraft Market
Impact of the COVID-19 Pandemic on the Market
Steps Taken by Industry/ Companies/ Governments to Overcome the Impact
Key Developments in the Industry in Response to COVID-19 pandemic
Potential Opportunities due to COVID-19 Outbreak
TOC Continued…!!!
Industry Developments:
July 2018– Boeing announced that it has signed a contract with the US Navy for design and development of a fleet of MQ-25A Stingray carrier-based drones. The contract is said to be worth USD 805 million.
Information Scource:
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Autonomous Aircraft Market Size Analysis, Growth, Share Investment Strategies and Competitive Insights To 2027 by Fortune Business Insights™
The global autonomous aircraft market size is projected to reach USD 16.23 billion by the end of 2027. The rising investments in the development of improved aircraft infrastructure will emerge in favor of market growth. According to a report published by Fortune Business Insights, titled “Autonomous Aircraft Market Size, Share & Industry Analysis, By Aircraft Type (Fixed-Wind and Rotary-Wing), By Component (Hardware and Software), By Technology (Increasingly Autonomous (IA) and Fully Autonomous), By Application (Commercial Aircraft, Air Medical Service, Passenger Air Vehicle, Cargo & Delivery Aircraft, Combat and ISR, Personal Air Vehicle, and Others), and Regional Forecasts, 2020-2027,” the market was worth USD 4.56 billion in 2019 and will exhibit a CAGR of 22.68% during the forecast period, 2020-2027. Autonomous aircraft are fully or partially automated vehicles where human intervention may or may not be a necessity. Technological integration has played a massive role in the development of autonomous aircraft. The use of concepts such as AI and IoT has allowed real-time operations. The massive investments in the integration of such real-time concepts as well as sensor-based modules will open up a huge potential for the growth of the overall autonomous aircraft market in the near future.
The presence of several autonomous aircraft vendors in several countries across the world will emerge in favor of market growth. The increasing emphasis on the use of AI-integrated concepts is attributable to the benefits offered by this concept including high precision, accuracy, and efficiency. The increasing use of autonomous vehicles in military and defense applications will create several opportunities for growth.
List of Leading Companies Profiled in the Autonomous Aircraft Market Research Report are:
AeroVironment, Inc. (The U.S.)
Airbus S.A.S. (the Netherlands)
BAE Systems (The U.K)
Boeing (The U.S.)
Elbit Systems (Israel)
Embraer (Brazil)
Lockheed Martin Corporation (The U.S.)
Northrop Grumman Corporation (The U.S.)
Raytheon Technologies (The U.S.)
Saab ABAB (Sweden)
Browse Summary of This Research Report with Detailed Table of Content: https://www.fortunebusinessinsights.com/autonomous-aircraft-market-103266
Increasing Number of Company Mergers and Acquisitions will Emerge in Favor of Market Growth
The report encompasses several factors that have affected the growth of the overall autonomous aircraft market in recent years. Among all factors, the increasing number of company mergers and acquisitions has made the highest impact on the growth of the overall market in recent years. In January 2016, AAI Corporation announced that it has bagged a contract from the US Army for the production of tactical data link retrofit. This contract is aimed at the full-rate production of the devices the ‘Shadow Tactical’ unarmed aircraft system. The contract is said to be worth an estimated USD 97.1 million. AAI Corporation’s constant efforts in innovations and highly efficient products seem to have paid off. Through this contract, the company will look to establish a strong platform for future growth.
North America to Emerge Dominant; Increasing Investment in Product R&D to Aid Growth
The report analyses the latest market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge dominant in the coming years. The rising investment in the research and development of efficient autonomous aircraft will emerge in favor of market growth.
Moreover, the presence of several large scale companies including Boeing Company, Lockheed Martin Corporation, and Northrop Grumman will contribute to the growth of the regional market. As of 2019, the market in North America was worth 1.72 billion and this value is projected to increase at a considerable pace in the coming years. The market in Europe will exhibit a significant CAGR in the coming years owing to rising demand from the military sector for surveillance operations. Additionally, the increasing investment in aircraft infrastructures will emerge in favor of market growth.a
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#Integrated Automation System (IAS) Market#Integrated Automation System (IAS) Market Forecast#Integrated Automation System (IAS) Market Industry#Integrated Automation System (IAS) Market Analysis
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LNG Carrier Integrated Automation System (IAS) Market Growth Analysis, Market Dynamics, Key Players and Innovations, Outlook and Forecast 2025-2032
Global LNG Carrier Integrated Automation System (IAS) Market Projected to Reach $2 Billion by 2032 at 5.2% CAGR, Driven by Digital Transformation & Environmental Regulations
New York, June 2024 - According to a comprehensive report from Intel Market Research, the global LNG Carrier Integrated Automation System (IAS) market was valued at USD 1.41 billion in 2024. The market is projected to grow from USD 1.48 billion in 2025 to USD 2.00 billion by 2032, growing at a steady CAGR of 5.2% during the forecast period (2025-2032). This expansion reflects the maritime industry's accelerated adoption of smart shipping technologies amid growing LNG trade volumes and tightening environmental compliance requirements.
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What are LNG Carrier Integrated Automation Systems?
Integrated Automation Systems (IAS) represent the central nervous system of modern LNG carriers, combining hardware components (PLC controllers, sensor networks, control panels) with software platforms (predictive maintenance algorithms, energy management tools) to optimize vessel operations. These systems provide unified control over critical functions including:
Precision cargo handling and boil-off gas management
Propulsion system optimization and fuel efficiency monitoring
Navigation safety and collision avoidance
Emissions tracking for regulatory compliance
The evolution from basic control systems to AI-enabled platforms has transformed IAS into strategic assets, with leading operators reporting 40% improvements in operational efficiency through comprehensive automation strategies.
Key Market Drivers
1. Escalating Global LNG Trade Demands Operational Excellence
The LNG transport sector is experiencing unprecedented growth, with trade volumes reaching 401.5 million tonnes in 2023. Asia-Pacific dominates import activity, accounting for 60% of global demand, while the U.S. has emerged as the world's leading LNG exporter. This trade expansion necessitates:
Precision operations for safe cryogenic cargo handling (-162°C)
Route optimization across expanding trade corridors
Performance analytics to maximize vessel utilization
"What we're seeing is a fundamental shift where automation is no longer optional - it's the foundation for competitive LNG shipping operations," notes the report's lead analyst.
2. Stringent Environmental Regulations Accelerate Technology Adoption
The IMO's 2020 sulfur cap (reducing emissions from 3.5% to 0.5%) and upcoming Carbon Intensity Indicator (CII) requirements are compelling operators to invest in smart automation. Modern IAS platforms help achieve:
15% average fuel savings through propulsion optimization
<
20% reduction in methane slip via precise engine control
Automated compliance reporting for evolving regulations
With 73% of new LNG carrier orders in 2024 specifying advanced automation packages, regulatory pressures are clearly reshaping industry standards.
3. Digital Transformation Creates New Operational Paradigms
The maritime industry's digitalization wave has seen operators invest $2.3 billion annually in smart shipping technologies. Modern IAS solutions now incorporate:
IoT sensor networks monitoring 15,000+ data points per vessel
Cloud-based analytics for fleet-wide performance benchmarking
Digital twin implementations enabling predictive maintenance
These advancements are reducing unplanned downtime by 30% while creating new benchmarks for operational transparency.
Market Challenges
1. High Implementation Costs Create Adoption Barriers
While offering long-term value, IAS implementations require $3-5 million per vessel for comprehensive system overhauls. These substantial investments present particular challenges for:
Smaller operators with tighter capital constraints
Owners of older vessels considering retrofits
Participants in spot charter markets with volatile earnings
2. Cybersecurity Risks in Connected Systems
The growing connectivity of IAS platforms has elevated cybersecurity concerns, with maritime cyber attacks increasing 75% since 2020. Key vulnerability points include:
Cargo control interfaces
Navigation system data feeds
Propulsion control networks
The average cost of a maritime cyber incident now exceeds $3 million, creating significant risk exposure for automated vessels.
3. Crew Training and Technical Integration Hurdles
The transition to advanced automation presents operational challenges:
4-6 weeks of dockside familiarization required per vessel
Industry-wide shortage of automation-skilled maritime personnel
Compatibility issues when integrating with legacy vessel systems
Emerging Opportunities
1. Retrofit Market for Aging LNG Carrier Fleet
With 60% of the global LNG carrier fleet exceeding 10 years old, the retrofit market presents substantial growth potential:
Modernization projects can extend vessel life by 7-10 years
Classification societies now requiring automation upgrades
Projected 7.5% CAGR for retrofit solutions through 2030
2. AI and Digital Twin Integration
Next-generation IAS solutions are incorporating:
Machine learning algorithms predicting maintenance needs with 95% accuracy
Virtual vessel replicas for scenario planning and training
Augmented reality for maintenance support
3. Expansion into Emerging LNG Markets
Growing LNG infrastructure in regions such as:
India and Southeast Asia
Latin American import terminals
African gas export projects
creates new demand for automation solutions tailored to regional operational requirements.
Regional Market Dynamics
Asia-Pacific Dominates Accounting for 48% of global demand, the region benefits from:
China's Belt and Road shipping expansions
South Korea's shipbuilding leadership (47% of global orders)
Japan's LNG import infrastructure
North America Advances The U.S. market is driven by:
Record LNG export volumes
Strong technology adoption rates
Environmental regulatory alignment
Europe Focuses on Innovation EU Green Deal initiatives mandate:
55% emission reductions by 2030
Digitalization of maritime operations
Alternative fuel readiness
Competitive Landscape
The market features established industrial automation leaders and specialized marine technology providers:
Kongsberg Maritime and ABB (combined 35% market share)
Wärtsilä expanding through strategic acquisitions
Asian players like Mitsubishi Heavy Industries gaining traction
Recent developments include:
Yokogawa-Samsung Heavy Industries partnership
Høglund's focus on emissions monitoring solutions
Kongsberg's新一代 energy management systems
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Market Segmentation
By System Type
Hardware (Control panels, sensors, monitoring devices)
Software (Energy management, predictive analytics)
By Application
Cargo Handling Systems
Propulsion Control
Energy Management
Safety Systems
By Technology
Conventional Automation
IoT-enabled Systems
AI-driven Platforms
The complete report provides comprehensive analysis across 10+ segments and 5 regions.
About Intel Market Research
Intel Market Research is a leading provider of strategic intelligence, offering actionable insights in industrial automation, maritime technologies, and energy infrastructure. Our research capabilities include:
Real-time competitive benchmarking
Technology adoption trend analysis
Regulatory impact assessments
Over 500+ industrial reports annually
Trusted by Fortune 500 companies, our insights empower decision-makers to navigate complex markets with confidence.
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Automotive Machine Tool Market Latest News, Cost Profit Structure and Market Share Till 2027
Automotive Machine Tool Market: Introduction
Machine tools are machines that are utilized to machine or shape metal and other rigid materials by means of various operation such as boring, shearing, cutting, grinding, and other forms of deformation. All machine tools have guided movement and are integrated with machining tools to perform cutting and other deformation operations.
Modern machine tools are powered either electrically or hydraulically. Manufacturers of machine tools are focused on the development of low maintenance machine tools in order to reduce operation cost.
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Key Drivers of Automotive Machine Tool Market
Rise in trend toward automated machine tools owing to their high efficiency, high productivity, and high precision are prompting consumers to prefer CNC machine tools. Developments in machine tools, in terms of machining language and programming controllers, enable operators to set a predefined work cycle for the machine. A machine tool performs all the operations defined in the program, automatically, during the stipulated time frame. Therefore, a rise in the demand for CNC operated machine tools is expected to propel the global automotive machine tools market.
Per capita income is the measure of amount of money earned per person in the concerned geographical region. Business trends enabled through e-commerce and logistics, advancements in manufacturing technologies and machineries, foreign direct investments, and government initiatives to improve living standards of the population in the country are propelling the economic growth globally.
Rise in the per capita income indicates a rise in the purchasing capacity of the population in the respective region. This, in turn, is propelling the trend toward owning a vehicle among the population, thereby increasing the sale of vehicles across the globe. This, in turn, is propelling the manufacturing industry.
Expansion of the manufacturing industry coupled with technological advancements in machine tools, such as multi axis and robotic arm, is a major factor driving the automotive machine tool industry globally
However, disruptions in supply chain catering to the automobile industry, owing to shutdown of production and manufacturing facilities caused by the coronavirus pandemic across the world, is estimated to contract the market in 2020-2021. Consequently, the coronavirus pandemic has hampered the global automotive machine tool market.
The market is anticipated to recover by increasing production volume of vehicle components as well as vehicles in 2021. This, in turn, is projected to offer lucrative opportunity to players operating in the supply chain of the automotive machine tool market during the forecast period.
Asia Pacific to account for major share of global automotive machine tool market
In terms of region, the global automotive machine tool market can be segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa
Asia Pacific is expected to account for a major share of the global automotive machine tool market. Surge in the number of metal cutting activities coupled with expansion of oil & gas, automotive, and railway industries has fueled the demand for machine tools. Countries such as China, India, Japan, and South Korea are prominent consumers in the machine tools market. Additionally, the presence of numerous automotive manufacturers who utilize machine tools for diverse applications such as drilling and cutting is another factor boosting the automotive machine tools market in Asia Pacific.
Key Players Operating in Automotive Machine Tool Market
The global automotive machine tool market is highly concentrated due to the presence of top manufacturers. A few key players operating in the automotive machine tool market are:
Doosan Corporation
AMADA Co., Ltd.
Makino
Jtekt Corporation
GF Machining Solutions
DMG Mori Aktiengesellschaft
Komatsu Ltd.
OKUMA Corporation
Hyundai WIA Corporation
Schuler AG
Chiron Group SE
MAG IAS GmbH
GROB-WERKE GmbH & Co.KG
Spinner Machine Tools
Haas Automation
Gleason Corporation
Yamazaki Mazak Corporation
Dalian Machine Tools Group Corporation
Electronica Hitech Engineering Pvt. Ltd.
Ace Micromatic Group
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Global Automotive Machine Tool Market: Research Scope
Global Automotive Machine Tool Market, by Product Type
Milling Machine
Drilling Machine
Turning Machine
Grinding Machine
Lathe Machine
Electrical Discharge Machine
Others
Global Automotive Machine Tool Market, by Automation
CNC Machine Tools
Conventional Machine Tools
Global Automotive Machine Tool Market, by End-use Industry
Automotive
Aerospace & Defense
Electrical & Electronics
Consumer Goods
Precision Engineering
General Manufacturing
Others
Global Automotive Machine Tool Market, by Sales Channel
Offline
Online
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
Customer Experience Maps
Insights and Tools based on data-driven research
Actionable Results to meet all the business priorities
Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
North America
Asia Pacific
Europe
Latin America
The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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Autonomous Aircraft Market Size 2027
The global autonomous aircraft market size is projected to reach USD 16.23 billion by the end of 2027. The rising investments in the development of improved aircraft infrastructure will emerge in favor of market growth. According to a report published by Fortune Business Insights, titled “Autonomous Aircraft Market Size, Share & Industry Analysis, By Aircraft Type (Fixed-Wind and Rotary-Wing), By Component (Hardware and Software), By Technology (Increasingly Autonomous (IA) and Fully Autonomous), By Application (Commercial Aircraft, Air Medical Service, Passenger Air Vehicle, Cargo & Delivery Aircraft, Combat and ISR, Personal Air Vehicle, and Others), and Regional Forecasts, 2023-2027,” the market was worth USD 4.56 billion in 2023 and will exhibit a CAGR of 22.68% during the forecast period, 2023-2027.
List of Leading Companies Profiled in the Autonomous Aircraft Market Research Report are:
AeroVironment, Inc. (The U.S.)
Airbus S.A.S. (the Netherlands)
BAE Systems (The U.K)
Boeing (The U.S.)
Elbit Systems (Israel)
Embraer (Brazil)
Lockheed Martin Corporation (The U.S.)
Northrop Grumman Corporation (The U.S.)
Raytheon Technologies (The U.S.)
Saab ABAB (Sweden)
Browse Detailed Summary of Research Report:
The report on the automotive sunroof market reveals:
Prominent insights on all the latest industry developments
Accurate data with comprehensive research
Market dynamics and growth exhibitors
Meticulous information about the leading players in the market
Autonomous aircraft are fully or partially automated vehicles where human intervention may or may not be a necessity. Technological integration has played a massive role in the development of autonomous aircraft. The use of concepts such as AI and IoT has allowed real-time operations. The massive investments in the integration of such real-time concepts as well as sensor-based modules will open up a huge potential for the growth of the overall autonomous aircraft market in the near future.
The presence of several autonomous aircraft vendors in several countries across the world will emerge in favor of market growth. The increasing emphasis on the use of AI-integrated concepts is attributable to the benefits offered by this concept including high precision, accuracy, and efficiency. The increasing use of autonomous vehicles in military and defense applications will create several opportunities for growth.
Increasing Number of Company Mergers and Acquisitions will Emerge in Favor of Market Growth
The report encompasses several factors that have affected the growth of the overall autonomous aircraft market in recent years. Among all factors, the increasing number of company mergers and acquisitions has made the highest impact on the growth of the overall market in recent years. In January 2016, AAI Corporation announced that it has bagged a contract from the US Army for the production of tactical data link retrofit. This contract is aimed at the full-rate production of the devices the ‘Shadow Tactical’ unarmed aircraft system. The contract is said to be worth an estimated USD 97.1 million. AAI Corporation’s constant efforts in innovations and highly efficient products seem to have paid off. Through this contract, the company will look to establish a strong platform for future growth.
North America to Emerge Dominant; Increasing Investment in Product R&D to Aid Growth
The report analyses the latest market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge dominant in the coming years. The rising investment in the research and development of efficient autonomous aircraft will emerge in favor of market growth.
Moreover, the presence of several large scale companies including Boeing Company, Lockheed Martin Corporation, and Northrop Grumman will contribute to the growth of the regional market. As of 2019, the market in North America was worth 1.72 billion and this value is projected to increase at a considerable pace in the coming years. The market in Europe will exhibit a significant CAGR in the coming years owing to rising demand from the military sector for surveillance operations. Additionally, the increasing investment in aircraft infrastructures will emerge in favor of market growth.
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Coronavirus impact on Private LTE & 5G Network Market Growing Demand, Size, Share & Future Trends To 2030
JULY 27, 2020: With the standardization of features such as MCX (Mission-Critical PTT, Video & Data) services and URLCC (Ultra-Reliable Low-Latency Communications) by the 3GPP, LTE and 5G NR (New Radio) networks are rapidly gaining recognition as an all-inclusive critical communications platform for the delivery of both mission and business critical applications.
By providing authority over wireless coverage and capacity, Private LTE and 5G networks ensure guaranteed and secure connectivity, while supporting a wide range of applications - ranging from PTT group communications and real-time video delivery to wireless control and automation in industrial environments. Organizations across the critical communications and industrial IoT (Internet of Things) domains - including public safety agencies, militaries, utilities, oil & gas companies, mining groups, railway & port operators, manufacturers and industrial giants - are making sizeable investments in private LTE networks.

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The very first private 5G networks are also beginning to be deployed to serve a diverse array of usage scenarios spanning from connected factory robotics and massive-scale sensor networking to the control of AVGs (Automated Guided Vehicles) and AR/VR (Augmented & Virtual Reality). For example, Daimler's Mercedes-Benz Cars division is establishing a local 5G network to support automobile production processes at its ""Factory 56"" in Sindelfingen, while the KMA (Korea Military Academy) is installing a dedicated 5G network in its northern Seoul campus to facilitate mixed reality-based military training programs - with a primary focus on shooting and tactical simulations.
In addition, with the emergence of neutral-host small cells, multi-operator connectivity and unlicensed/shared spectrum access schemes, the use of private LTE and 5G networks in enterprise buildings, campuses and public venues is expected to grow significantly over the coming years. The practicality of spectrum sharing schemes such as the three-tiered CBRS (Citizens Broadband Radio Service) framework and Japan's unlicensed sXGP (Shared Extended Global Platform) has already been proven with initial rollouts in locations such as corporate campuses, golf courses, race tracks, stadiums, airports and warehouses.
A number of independent neutral-host and wholesale operators are also stepping up with pioneering business models to provide LTE and 5G connectivity services to both mobile operators and enterprises, particularly in indoor settings and locations where it is technically or economically not feasible for traditional operators to deliver substantial wireless coverage and capacity.
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Topics Covered
The report covers the following topics:
- Private LTE and 5G network ecosystem
- Market drivers and barriers
- System architecture and key elements of private LTE and 5G networks
- Analysis of vertical markets and applications - ranging from mobile broadband and mission-critical voice to domain-specific applications such as CBTC (Communications-Based Train Control) and connected robotics for factory automation
- Operational models for private LTE and 5G networks including independent, managed, shared core, hybrid commercial-private and private MVNO networks
- Mission-critical PTT/video/data services, deployable LTE/5G systems, cellular IoT, TSN (Time Sensitive Networking), URLLC (Ultra-Reliable Low-Latency Communications) techniques, quantum cryptography, unlicensed/shared spectrum, neutral-host/multi-operator small cells, network slicing, MEC (Multi-Access Edge Computing) and other enabling technologies
- Key trends including the adoption of local and shared spectrum licensing, commercial readiness of private 5G systems for Industry 4.0, nationwide and city-wide public safety broadband network build-outs, regional mission/business-critical LTE networks for utilities and energy companies, localized private LTE/5G networks for railway infrastructure, ports, airports, mines, factories, warehouses, buildings, campuses and public venues, and pioneering neutral-host business models for enterprise and public wireless connectivity.
- Review of private LTE and 5G network engagements worldwide, including case studies of more than 40 live networks
- Spectrum availability, allocation and usage for private LTE and 5G networks across the global, regional and national regulatory domains
- Standardization, regulatory and collaborative initiatives
- Future roadmap and value chain
- Profiles and strategies of over 600 ecosystem players including LTE/5G network infrastructure suppliers and vertical-domain specialists
- Strategic recommendations for end users, LTE/5G network infrastructure suppliers, system integrators and commercial/private mobile operators
- Market analysis and forecasts from 2020 till 2030
Forecast Segmentation
Market forecasts are provided for each of the following submarkets and their subcategories:
Submarkets
RAN (Radio Access Network)
- Mobile Core
- Backhaul & Transport
Air Interface Technologies
- LTE
- 5G
Spectrum Types
- Licensed Spectrum
- Unlicensed/Shared Spectrum
Unlicensed/Shared Spectrum Frequency Bands
- 1.9 GHz sXGP/DECT
- 2.4 GHz
- 3.5 GHz CBRS
- 5 GHz
- Other Bands
Vertical Markets
- Critical Communications & Industrial IoT
• Public Safety
• Military
• Energy
• Utilities
• Mining
• Transportation
• Factories & Warehouses
• Others
- Enterprise & Campus Environments
- Public Venues & Other Neutral Hosts
Regional Markets
- Asia Pacific
- Eastern Europe
- Middle East & Africa
- Latin & Central America
- North America
- Western Europe
Key Questions Answered
The report provides answers to the following key questions:
- How big is the private LTE and 5G network opportunity?
- What trends, drivers and barriers are influencing its growth?
- How is the ecosystem evolving by segment and region?
- What will the market size be in 2023, and at what rate will it grow?
- Which vertical markets and regions will see the highest percentage of growth?
- What is the status of private LTE and 5G network adoption worldwide, and what are the primary usage scenarios of these networks?
Key Findings
The report has the following key findings:
- Expected to reach $4.7 Billion in annual spending by the end of 2020, private LTE and 5G networks are increasingly becoming the preferred approach to deliver wireless connectivity for critical communications, industrial IoT, enterprise & campus environments, and public venues. The market will further grow at a CAGR of 19% between 2020 and 2023, eventually accounting for nearly $8 Billion by the end of 2023.
- SNS Telecom & IT estimates that as much as 30% of these investments - approximately $2.5 Billion - will be directed towards the build-out of private 5G networks which will become preferred wireless connectivity medium to support the ongoing Industry 4.0 revolution for the automation of factories, warehouses, ports and other industrial premises, besides serving additional verticals.
- Favorable spectrum licensing regimes - such as the German Government's decision to reserve frequencies in the 3.7 - 3.8 GHz range for localized 5G networks - will be central to the successful adoption of private 5G networks.
- A number of other countries - including Sweden, United Kingdom, Japan, Hong Kong and Australia - are also moving forward with their plans to identify and allocate spectrum for localized, private 5G networks with a primary focus on the 3.7 GHz, 26 GHz and 28 GHz frequency bands.
- The very first private 5G networks are also beginning to be deployed to serve a diverse array of usage scenarios spanning from connected factory robotics and massive-scale sensor networking to the control of AVGs (Automated Guided Vehicles) and AR/VR (Augmented & Virtual Reality).
- For example, Daimler's Mercedes-Benz Cars division is establishing a local 5G network to support automobile production processes at its ""Factory 56"" in Sindelfingen, while the KMA (Korea Military Academy) is installing a dedicated 5G network in its northern Seoul campus to facilitate mixed reality-based military training programs - with a primary focus on shooting and tactical simulations.
List of Companies Mentioned
• 3GPP (Third Generation Partnership Project)
• 450 MHz Alliance
• 450connect
• 4K Solutions
• 5G PPP (5G Infrastructure Public Private Partnership)
• 5GAA (5G Automotive Association)
• 5G-ACIA (5G Alliance for Connected Industries and Automation)
• 5G-IA (5G Infrastructure Association)
• 7Layers
• A1 Telekom Austria Group
• Aaeon Technology
• AAR (American Association of Railroad)
• ABB
• Abu Dhabi Police
• Accelleran
• Accenture
• ACCF (Australasian Critical Communications Forum)
• Accton Technology Corporation
• Accuver
• Ace Technologies Corporation
• AceAxis
• ACMA (Australian Communications and Media Authority)
• Adax
• Addis Ababa Light Rail
• ADF (Australian Defence Force)
• ADLINK Technology
• ADNOC (Abu Dhabi National Oil Company)
• ADR (Aeroporti di Roma)
• ADRF (Advanced RF Technologies)
• ADTRAN
• ADVA Optical Networking
• Advantech
• Advantech Wireless
• Aegex Technologies
• AEP Renewables
• AeroMobile Communications
• AeroVironment
• Affarii Technologies
• Affirmed Networks
Many More……………………….
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15-05-2020 Current affairs & Daily News Analysis

Haryana: National Institute of Technology-Kurukshetra implements ERP ‘SAMARTH’ NIT Kurukshetra has implemented Enterprises Resource Planning (ERP), SAMARTH to enhance productivity through better information management and automating the process in the institute.

About: SAMARTH, an e-Governance platform, is an Open Standard Open Source Architecture Automation Engine for Universities and Higher Educational Institutions. It caters to faculty, students and staff at a University/Higher Educational Institutions. It has been developed under National Mission of Education in Information and Communication Technology Scheme (NMEICT) of Ministry of Human Resource Development (HRD). This initiative will enhance the productivity through better information management in the institutes by seamless access to information, and its utilization for various purposes. Source : PIB ( Education ) Read UPSC Current affairs and Daily News Analysis from Best IAS Coaching in Bangalore Vignan IAS Academy Govt introduces Interest subvention on Working Capital Loans for Dairy sector Union Government has introduced a new scheme of Interest Subvention on Working Capital Loans for Dairy sector for supporting Dairy Cooperatives and Farmer Producer Organizations engaged in dairy activities for implementation during 2020-21.

About: Interest subvention will be given to Cooperatives and Farmer owned milk producer companies on working capital loan taken from banks and financial institutions between 1st April 2020 to 31st March 2021 for conversion of milk into conserved commodities and other milk products. The scheme has made provisions for providing interest subvention of 2% per annum, with an additional incentive of 2% per annum interest subvention to be given in case of prompt and timely repayment/interest servicing. The modified scheme envisages a budgetary provision of 100 crore rupees earmarked for the component Interest Subvention on Working Capital Loans for Dairy sector during 2020-21. The scheme will be implemented by this Department of Animal Husbandry through National Dairy Development Board (NDDB), Anand. Benefits: The scheme will help in providing stable market access to milk producers. This will help to ease out the working capital crisis for handling surplus milk and enable timely payment to the farmers. Source : All India Radio ( Economy ) Read UPSC Current affairs and Daily News Analysis from Best IAS Coaching in Bangalore Vignan IAS Academy Patent filed for low cost Personal Protective Equipment by Navy In a major step towards rapid mass production of the Medical Personal Protective Equipment (PPE) developed by the Indian Navy, a patent has been successfully filed by the Intellectual Property Facilitation Cell (IPFC) of Ministry of Defence, in association with National Research Development Corporation (NRDC), of Ministry of Science & Technology.

About: The low cost PPE has been developed by a Doctor of Indian Navy, posted at the recently created Innovation Cell at Institute of Naval Medicine (INM), Mumbai. The PPE developed by the Navy is made of a special fabric which affords high level of protection along with high ‘breathability’ as against other PPEs. The team of Innovators from Navy is working in close coordination with IPFC which was set up under Mission Raksha Gyan Shakti (which was launched in 2018). Source : DD News ( Science & Technology ) Read UPSC Current affairs and Daily News Analysis from Best IAS Coaching in Bangalore Vignan IAS Academy FM Nirmala Sitharaman announces second tranche of economic stimulus for farmers, migrant workers, traders under Aatma-Nirbhar Bharat Abhiyan Union Finance Minister announced short-term and long-term measures under Aatmanirbhar Bharat (Self-Reliant India Movement) for supporting the poor, including migrants, farmers, tiny businesses and street vendors.

Measures announced: Free food grains will be supplied to all Migrant labourers for 2 months i.e. May and June, 2020. Technology system to be used enable Migrants to access PDS (Ration) from any Fair Price Shops in India so as to achieve 100% National portability by March, 2021 under One Nation one Ration Card scheme. Central Government will launch a scheme for migrant workers and urban poor to provide ease of living at affordable rent. Government of India will provide Interest subvention of 2% for prompt payees for a period of 12 months to MUDRA Shishu loanees, who have loans below Rs 50,000.The current portfolio of MUDRA Shishu loans is around Rs 1.62 Lakh crore. A special scheme will be launched within a month to facilitate easy access to credit to Street vendors. 50 lakh street vendors will be benefitted under this scheme and credit of Rs. 5,000 crore would flow to them. Rs 70,000 crore boost is given to housing sector and middle income group (MIG) through extension of Credit Linked Subsidy Scheme for MIG under PMAY(Urban) up to March 2021. 6,000 crore of funds under Compensatory Afforestation Management & Planning Authority (CAMPA) will be used for Afforestation and Plantation works, including in urban areas. This will create job opportunities. NABARD will extend additional re-finance support of Rs 30,000 crore for meeting crop loan requirement of Rural Cooperative Banks and RRBs. This refinance will be front-loaded and available on tap. A special drive to be conducted to provide concessional credit to PM-KISAN beneficiaries through Kisan Credit Cards. Fisherman and Animal Husbandry Farmers will also be included. This will inject additional liquidity of Rs 2 lakh crore in the farm sector. Source : LiveMint ( Economy ) Read UPSC Current affairs and Daily News Analysis from Best IAS Coaching in Bangalore Vignan IAS Academy COBAS 6800 Union Health Minister dedicated the COBAS 6800 testing machine to the nation.

About: COBAS 6800 is for performing real time PCR testing COVID-19. COBAS 6800 can also detect other pathogens like Viral Hepatitis B & C, HIV, MTb (both rifampicin and isoniazide resistance), Papilloma, CMV, Chlamydia, Neiserreia etc. COBAS 6800 will provide quality, high-volume testing with a high throughput of test around 1200 samples in 24 hours. It will largely increase the testing capacity with reduction in pendency. This is the first such testing machine that has been procured by the Government for testing of COVID-19 cases and is installed at the National Centre for Disease Control (NCDC), Delhi. As the machine requires a minimum BSL2+ containment level for testing, it cannot be placed at just any facility. Source : PIB ( Health ) Read UPSC Current affairs and Daily News Analysis from Best IAS Coaching in Bangalore Vignan IAS Academy INTERNATIONAL DAY OF FAMILIES 2020 The International Day of Families 2020 is being observed on 15th of May with the theme “Families in Development: Copenhagen & Beijing+25.”

About: Objective of the day: To promote awareness of issues relating to families and to increase knowledge of the social, economic and demographic processes affecting them. Day of observance: 15th of May every year. History: The Day was proclaimed by the UN General Assembly in 1993. Important Info : This year is the 25th anniversary of Copenhagen Declaration and Beijing Platform for Action.At the World Summit for Social Development held at Copenhagen in 1995, Governments reached a new consensus on the need to put people at the centre of development and adopted the Copenhagen Declaration.The Beijing Declaration was a resolution adopted by the UN at the end of the 1995 Fourth World Conference on Women, held in Beijing. The resolution adopted to promulgate a set of principles concerning the equality of men and women. Source : United Nations ( Social Issues ) Read UPSC Current affairs and Daily News Analysis from Best IAS Coaching in Bangalore Vignan IAS Academy ‘Integrated Battle Groups will soon be operational’ Army chief Gen. Manoj Naravane announced that the Army’s new concept of agile Integrated Battle Groups (IBG) as part of the overall force transformation will be operationalised very soon.

About: The IBGs are brigade sized agile self-sufficient combat formations which, can swiftly launch strikes against adversary. They will be able to mobilise within 12-48 hours based on the location. Each IBG would be tailor made based on Threat, Terrain and Task and resources will be allotted based on the three Ts. The Army has extensively “test bedded” the IBGs to fine-tune the concept. Source : The Hindu ( Defence & Security ) Read UPSC Current affairs and Daily News Analysis from Best IAS Coaching in Bangalore Vignan IAS Academy Central Armed Police Forces (CAPF) canteens to sell only indigenous products Union Home Ministry has decided that all the Central Armed Police Forces (CAPF) canteens will now sell only indigenous products. This will be applicable to all CAPF canteens across the country from 1st June 2020. With this decision, 50 lakh family members of about 10 lakh CAPF personnel will use indigenous products.

About: Article 355 of the Constitution of India assigns the Central Government the responsibility of protecting every part of India from external aggression and internal disturbances. Under items 1 to 2A of List I (Union List) of the Seventh Schedule to the Constitution, the deployment of naval, military & air forces; and any other armed forces of Union are vested in the Central Government. To fulfil its constitutional responsibilities, the Central Government has raised seven Central Armed Police Forces (CAPFs). These areFour Border Guarding Forces (BFGs): Assam Rifles (AR), Sashastra Seema Bal (SSB), Indo-Tibetan Border Police (ITBP) and Border Security Force (BSF). Three Non-Border Guarding CAPFs used for internal security: Central Industrial Security Force (CISF), Central Reserve Police Force (CRPF) and National Security Guard (NSG). Source : All India Radio ( Defence & Security ) Read UPSC Current affairs and Daily News Analysis from Best IAS Coaching in Bangalore Vignan IAS Academy NATIONAL DISASTER MANAGEMENT AUTHORITY (NDMA) In the wake of the gas leak at a factory in Visakhapatnam, the National Disaster Management Authority (NDMA) has issued detailed guidelines for restarting industries after the lockdown and the precautions to be taken for the safety of the plants as well as the workers.

About NDMA: Parent body: Ministry of Home Affairs. Primary Objective: To coordinate response to natural or man-made disasters and for capacity-building in disaster resiliency and crisis response. Origin: NDMA was established through the Disaster Management Act enacted in 2005. HQ: Delhi. Organisation setup: The Prime Minister is the ex-officio chairperson of the NDMA, who chairs a 9-member board. The day-to-day management of the agency is overseen by the office of the Vice Chair. Important Info : Functions: It is responsible for framing policies, laying down guidelines and best-practices and coordinating with the State Disaster Management Authorities (SDMAs) to ensure a holistic and distributed approach to disaster management.It collaborates with the Lal Bahadur Shastri National Academy of Administration and Sardar Vallabhbhai Patel National Police Academy to impart training to administration and police officers in planning and incident response.It monitors and develops guidelines for the local Firefighting Services across the country.It collaborates with the Ministry of Health and Family Welfare in developing emergency health and ambulance services. Source : Economic Times ( Disaster Management ) Read UPSC Current affairs and Daily News Analysis from Best IAS Coaching in Bangalore Vignan IAS Academy DIBANG MULTIPURPOSE PROJECT The Forest Advisory Committee, the apex body of the Environment Ministry tasked with deciding whether forest land can be diverted for industrial projects, has once again deferred its decision on Dibang project in Arunachal Pradesh. The project has been delayed for over six years because it required diverting 1,165 hectares of forest in a region of rich biodiversity.

About: Location: The Project is located on river Dibang, in Lower Dibang Valley District of Arunachal Pradesh. Power Generation: The project shall generate 2880MW (12x240MW) power to produce 11223MU of energy in a 90% dependable year. This is the largest ever Hydro Electric Project to be constructed in India. Type of dam: The project envisages construction of a Concrete Gravity Dam. Height: The dam is 278 metres high and will be the highest dam in India once completed. Source : The Hindu ( Geography ) Read UPSC Current affairs and Daily News Analysis from Best IAS Coaching in Bangalore Vignan IAS Academy Read UPSC Current affairs and Daily News Analysis from Top IAS Academy in Bangalore Vignan IAS Academy Daily Current affairs and News Analysis Best IAS Coaching institutes in Bangalore Vignan IAS Academy Contact Vignan IAS Academy Enroll For IAS Foundation Course from Best IFS Academy in Bangalore Read the full article
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Drug Discovery Informatics Market: Research Analysis & Competitive Environment|2022
7 Jan 2019 - Global Drug Discovery Informatics Market is expected to show a tremendous growth over the forecast period owing to the technological advancements in the field of data mining and analytics regarding structured and unstructured data explosions, and drug development. In addition, the increasing usage of cloud-based services is projected to fuel the growth of this industry.
The continuous advancements in software for the endowment of data visualization, data processing and analysis and data aggregation for the adoption of more automated and integrated lab systems. Thereby, fueling the growth of drug discovery informatics market. Furthermore, the lack of informational technology applications that provides critical attributes of data evaluation and assisting in data aggregation so as to make real-time decisions is presumed to influence research in this sector. The significant shift from conventional in-vitro drug development to computer aided drug designing as expensive failures of late drug development upsurges the use of in-silico models for early ADME/Toxicity screening is estimated to boost the growth of this sector. Moreover, the increasing disease burden due to growing incidence of chronic diseases such as infectious diseases, oncology, cardiovascular and diabetes is considered to be the major concerns for healthcare and government providers across the globe. On the basis of workflow, the market is segmented into discovery informatics and development informatics. Discovery informatics is further classified into lead generation informatics and identification and validation informatics assay development informatics. While development informatics is further categorized into FHD preparation, lead optimization, Phase IB/2 informatics, and Phase IA. Discovery informatics is estimated to hold the largest market share owing to the presence of a considerable number of in-silico databases and tools which support the process of lead identification and validation.
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On the other hand, development informatics is expected to witness a significant growth over the decade owing to the continuous progress in the sub-segments that include clinical trial data management software and services. The market on the basis of mode of service provision is classified into in-house and outsourced informatics. In-house informatics is projected to dominate the market owing to the presence of a large number of information technology platforms among the key players in this region. Outsourced informatics is estimated to witness the fastest growth over the coming six years owing to the rising collaborations between key players and software service provider so as to gain access to in-silicon databases and tools for the therapeutic drug discovery.
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On the basis of services, the market is segmented into sequence analysis platform, molecular modeling, docking, and clinical trial data management. The sequence analysis platform is expected to hold the largest market share owing to the high R&D investments for genomic sequencing which provides new avenues in lead identification. In addition, due to the cost effectiveness of sequencing, the adoption rate of it is increasing, thus, resulting in the growth of this market. Geographically, the key regions identified in this industry include North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. North America is estimated to dominate the market owing to the high research and development expenditures in information technology. The growing adoption of innovative objects discovery standards is another factor presumed to propel the growth of this industry. Moreover, the presence of enhanced technological framework is anticipated to boost the market growth.
Asia Pacific is expected to witness the fastest growth over the forecast period owing to the continuous technological advancements in developing countries such as Japan, and China so as to promote the introduction of new drug targets for the reduction of chronic diseases.The key players in this industry are Jubilant Biosys, Boehringer Ingelheim GmBh, Certara, Selvita, Charles River Laboratories, DiscoverX, ChemAxon, and Infosys. Other prominent players are GVK Biosciences, Covance, Albany Molecular Research Inc., Novo Informatics and Collaborative Drug Discovery Inc. In April 2016, Certara, launched a SIVA (Simcyp in Vitro Analysis) toolkit 2.0 to assist drug development researchers with the analysis of complex in-vitro studies. In March 2016, DiscoverX, launched KILR assay platform for the use in cancer immunotherapy drug development.
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Recruitment in Al Futtaim Group Finance Controller | Al Futtaim Engineering | Dubai, UAE (Dubai, AE)
No two days are the same at Al-Futtaim, no matter what role you have. Our work is driven by the desire to make a difference and to have a meaningful impact with the goal of enriching everyday lives. Take our engaging and supportive work environment and couple it with a company culture that recognises and rewards quality performance, and what do you get? The chance to push the limits every single day.
As a humble family business that started on the banks of the Dubai Creek in the 1930s, Al-Futtaim has expanded to a presence in 31 countries, a portfolio of over 200 companies, and 42,000 employees. You’ll find us in industries ranging from automotive and retail, to finance and real estate, and connecting people with international names like Lexus, Ikea, Robinsons, and Adidas. Our team is proudly multicultural and multinational because that kind of diverse representation gives us the global mindset to grow and impact the people, markets, and trends around us.
Come join us to live well, work better, and be the best.
JOB PURPOSE
Reporting to the General Manager Finance AFET and under his guidance, the Financial Controller is responsible for supervising the finance functions in UAE supporting both Engineering and Technologies. This function will contribute to optimise the company operating model by spreading best practices across business Lines in UAE, working across business Lines to simplify and standardizing processes, implementing governance, transparency and ensure full adherence to set of policies, guidelines and SOP’s and improve business performance measurement.
You will over see a team of 9 team members in this role
This will include:
· Working with the respective lines of business units across AFET UAE with multi-tasking approach and high level of coordination
· Closely coordinating with the FP&A Manager in the area of budgeting and business financial planning. The ideal candidate will possess high level financial and business acumen developed in the construction industry, He must demonstrate strong natural leadership skills and good communication skills. He will be process-oriented, possess a high level analytical skills, and pay close attention to details while maintaining a strategic view of the business. He will possess excellent staff & task managerial skills and demonstrates an in-depth knowledge of GAAP and IFRS.
· Coordination with Internal and external stakeholders including Group Services
Financial Dimensions:
Responsible for the daily financial control activities of the Engineering and technologies businesses, enabling the maximisation of RAROC in UAE through effective financial controls mechanisms, cost sheets critical reviews, strict adherences to CTC guidelines and IFRS accounting standards, project close out processes, inventory control and timely certification and collection processes. Conducting Business review Meetings based on Flash Reports and Revenue Gap Analysis and supporting the annual strategic Planning and budgeting cycles as well as for local taxation and internal and external audits
Financial Accounting & Reporting – Under the guidance of the GM Finance, Coordinate with all stakeholders the formats and the content of required management information.
Support FP&A Manager in his/her efforts to reduce complexity, standardize reports and automate the production of reports using every Business Intelligence tools
Coordinate with the Finance personnel in UAE to consistently adhere to GAAP and accounting policies, guidelines and procedures.
Month end closing & Management Accounting – Responsible for month end closing, generating timely and accurate periodic Management Information in support of the FP&A Team issuing Reports as Management Decision support tool.
Compliance Reporting – Responsible for preparation of compliance reports for stake holders on a regular intervals.
Financial Planning & Forecasting – Responsible for providing data for the Preparation of annual plan, quarterly forecast and long term plan, challenging assumptions and supporting in addressing financial implications of strategic decisions.
Group Treasury Reporting – Coordination with the Treasury Unit the preparation of weekly, monthly and annual cash flow forecast for Group Treasury and minimizing the use of funded and unfunded facilities and reducing NFE.
Support the GM Finance in coordinating with Business Leaders the responses and action plans to correct any identified deviation from plan
KEY RESPONSIBILITIES
Responsible for supporting Revenue Controller, Cost Controller & Business Analysts in creation of audit sign off pack with comprehensive audit schedules, which will reconcile with management accounts and supporting head of department in signing off the financial statements as per agreed timeline.
Responsible for supporting the FP&A Team in preparing Bridge Report, Flash Reports, Business Review packs and other stake holder reports as per agreed time line
Preparation of Monthly Cash Flow Forecast reports on entity, level and gauge any funding requirements from Parent/Group
Responsible for yearly budgets, forecast and long term plan are prepared as per agreed timelines with the presentation packs and making sure agreed numbers are uploaded in SAP and BPC with zero error
Contribute in the various initiatives of process development & mapping, system automation.
Provide effective support to Business Leaders on day to day basis
Effectively lead the Revenue Controller, Cost Controller & Business analysts’ team by ensuring setting & review of objectives, providing necessary feedback, developing training plans and opportunities.
QUALIFICATIONS, EXPERIENCE, & SKILLS
Minimum Qualifications and Knowledge:
· Post-graduate degree in commerce / accounting / finance. Knowledge of management reporting and accounting systems is a must.
· Knowledge of ERP Financial Software is required; SAP expertise will be preferred.
· Experience in the construction industry or Project Management is preferred.
Minimum Experience:
· Minimum of 8 years of experience in the field of Finance and Accounting, out of which a minimum of 4 years in the Construction industry or Project Management industry at a financial management position.
· Experience in Real Estate / Construction / Project Management industries will be preferred.
Job-Specific Skills:
· Well-versed in IAS / IFRS.
· Well-versed in preparation of Financial Statements.
· Expert knowledge of MS office tools specially advance excel and power point and expertise in using Business Intelligence tools and reporting tools such as Tableau
We’re here to provide excellent service but a little help from you can ensure a five-star candidate experience from start to finish.
Before you click “apply”: Please read the job description carefully to ensure you can confidently demonstrate why this opportunity is right for you and take the time to put together a well-crafted and personalised CV to further boost your visibility. Our global Talent Acquisition team members are all assigned to specific businesses to ensure that we make the best matches between talent and opportunities. We not only consider the requisite compatibility of skills and behaviours, but also how candidates align with our Values of Respect, Integrity, Collaboration, and Excellence.
As part of our candidate experience promise, we also want to make ourselves available to you throughout the application process. We make every effort to review and respond to every application.
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