#Automotive Robotics Market Size

[rushikesh-d]

Automotive Robotics Market To Witness the Highest Growth Globally in Coming Years

The report begins with an overview of the Automotive Robotics Market and presents throughout its development. It provides a comprehensive analysis of all regional and key player segments providing closer insights into current market conditions and future market opportunities, along with drivers, trend segments, consumer behavior, price factors, and market performance and estimates. Forecast market information, SWOT analysis, Automotive Robotics Market scenario, and feasibility study are the important aspects analyzed in this report.

The Automotive Robotics Market is experiencing robust growth driven by the expanding globally. The Automotive Robotics Market is poised for substantial growth as manufacturers across various industries embrace automation to enhance productivity, quality, and agility in their production processes. Automotive Robotics Market leverage robotics, machine vision, and advanced control technologies to streamline assembly tasks, reduce labor costs, and minimize errors. With increasing demand for customized products, shorter product lifecycles, and labor shortages, there is a growing need for flexible and scalable automation solutions. As technology advances and automation becomes more accessible, the adoption of automated assembly systems is expected to accelerate, driving market growth and innovation in manufacturing. The global automotive robotics market was valued at 6.55 billion in 2020. The market is projected to grow from USD 6.99 billion in 2021 to USD 16.29 billion in 2028, exhibiting a CAGR of 12.8% during the forecast period. 

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Key Strategies

Key strategies in the Automotive Robotics Market revolve around optimizing production efficiency, quality, and flexibility. Integration of advanced robotics and machine vision technologies streamlines assembly processes, reducing cycle times and error rates. Customization options cater to diverse product requirements and manufacturing environments, ensuring solution scalability and adaptability. Collaboration with industry partners and automation experts fosters innovation and addresses evolving customer needs and market trends. Moreover, investment in employee training and skill development facilitates seamless integration and operation of Automotive Robotics Market. By prioritizing these strategies, manufacturers can enhance competitiveness, accelerate time-to-market, and drive sustainable growth in the Automotive Robotics Market.

Major Automotive Robotics Market Manufacturers covered in the market report include:

LIST OF KEY COMPANIES PROFILED:

ABB Ltd. (Zurich, Switzerland)

KUKA AG (Augsburg, Germany)

FANUC Corporation (Yamanashi, Japan)

Yaskawa Electric Corporation (Fukuoka, Japan)

Kawasaki Heavy Industries (Tokyo, Japan)

Denso Wave Incorporated (Aichi, Japan)

Comau SPA (Grugliasco, Italy)

Nachi-Fujikoshi Corp. (Tokyo, Japan)

Rockwell Automation, Inc. (Wisconsin, U.S.)

Seiko Epson Corporation (Nagano, Japan)

Part-to-Part variability is reduced with the help of car factory robots. As they never get distracted or tired, every cycle is highly repeatable and performed the same way. They don’t handle parts in a way or drop them that can cause damage. Hence, waste caused by human error is eliminated, which also results in car assembly with less variability. As they are equipped with vision systems, automotive robots can even adapt programmed paths to suit variations in incoming materials. This leads to fewer mistakes, higher customer satisfaction, and lower warranty costs. Hence, automotive manufacturing quality gains will drive the growth of the market.

Trends Analysis

The Automotive Robotics Market is experiencing rapid expansion fueled by the manufacturing industry's pursuit of efficiency and productivity gains. Key trends include the adoption of collaborative robotics and advanced automation technologies to streamline assembly processes and reduce labor costs. With the rise of Industry 4.0 initiatives, manufacturers are investing in flexible and scalable Automotive Robotics Market capable of handling diverse product portfolios. Moreover, advancements in machine vision and AI-driven quality control are enhancing production throughput and ensuring product consistency. The emphasis on sustainability and lean manufacturing principles is driving innovation in energy-efficient and eco-friendly Automotive Robotics Market Solutions.

Regions Included in this Automotive Robotics Market Report are as follows:

North America [U.S., Canada, Mexico]

Europe [Germany, UK, France, Italy, Rest of Europe]

Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]

South America [Brazil, Argentina, Rest of Latin America]

Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]

Significant Features that are under offering and key highlights of the reports:

- Detailed overview of the Automotive Robotics Market.

- Changing the Automotive Robotics Market dynamics of the industry.

- In-depth market segmentation by Type, Application, etc.

- Historical, current, and projected Automotive Robotics Market size in terms of volume and value.

- Recent industry trends and developments.

- Competitive landscape of the Automotive Robotics Market.

- Strategies of key players and product offerings.

- Potential and niche segments/regions exhibiting promising growth.

Frequently Asked Questions (FAQs):

► What is the current market scenario?

► What was the historical demand scenario, and forecast outlook from 2024 to 2030?

► What are the key market dynamics influencing growth in the Global Automotive Robotics Market?

► Who are the prominent players in the Global Automotive Robotics Market?

► What is the consumer perspective in the Global Automotive Robotics Market?

► What are the key demand-side and supply-side trends in the Global Automotive Robotics Market?

► What are the largest and the fastest-growing geographies?

► Which segment dominated and which segment is expected to grow fastest?

► What was the COVID-19 impact on the Global Automotive Robotics Market?

Table Of Contents:

1 Market Overview

1.1 Automotive Robotics Market Introduction

1.2 Market Analysis by Type

1.3 Market Analysis by Applications

1.4 Market Analysis by Regions

1.4.1 North America (United States, Canada and Mexico)

1.4.1.1 United States Market States and Outlook 

1.4.1.2 Canada Market States and Outlook 

1.4.1.3 Mexico Market States and Outlook 

1.4.2 Europe (Germany, France, UK, Russia and Italy)

1.4.2.1 Germany Market States and Outlook

1.4.2.2 France Market States and Outlook 

1.4.2.3 UK Market States and Outlook

1.4.2.4 Russia Market States and Outlook 

1.4.2.5 Italy Market States and Outlook 

1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

1.4.3.1 China Market States and Outlook

1.4.3.2 Japan Market States and Outlook 

1.4.3.3 Korea Market States and Outlook 

1.4.3.4 India Market States and Outlook 

1.4.3.5 Southeast Asia Market States and Outlook 

1.4.4 South America, Middle East and Africa

1.4.4.1 Brazil Market States and Outlook

1.4.4.2 Egypt Market States and Outlook 

1.4.4.3 Saudi Arabia Market States and Outlook 

1.4.4.4 South Africa Market States and Outlook 

1.5 Market Dynamics

1.5.1 Market Opportunities

1.5.2 Market Risk

1.5.3 Market Driving Force

2 Manufacturers Profiles

Continued…

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[spookysaladchaos]

Global top 13 companies accounted for 66% of Total Frozen Spring Roll market(qyresearch, 2021)

The table below details the Discrete Manufacturing ERP revenue and market share of major players, from 2016 to 2021. The data for 2021 is an estimate, based on the historical figures and the data we interviewed this year.

Major players in the market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research includes the research of the annual financial reports of the top companies; while primary research includes extensive interviews of key opinion leaders and industry experts such as experienced front-line staffs, directors, CEOs and marketing executives. The percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

According to the new market research report “Global Discrete Manufacturing ERP Market Report 2023-2029”, published by QYResearch, the global Discrete Manufacturing ERP market size is projected to reach USD 9.78 billion by 2029, at a CAGR of 10.6% during the forecast period.

Figure.   Global Frozen Spring Roll Market Size (US$ Mn), 2018-2029

Figure.   Global Frozen Spring Roll Top 13 Players Ranking and Market Share（Based on data of 2021, Continually updated）

The global key manufacturers of Discrete Manufacturing ERP include Visibility, Global Shop Solutions, SYSPRO, ECi Software Solutions, abas Software AG, IFS AB, QAD Inc, Infor, abas Software AG, ECi Software Solutions, etc. In 2021, the global top five players had a share approximately 66.0% in terms of revenue.

About QYResearch

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.

QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.

[closetcasefabray]

I cried after the first season of The Owl House because I was just so happy for the queer kids growing up with these kinds of characters and showing all these kinds of love that help heal the world’s hurt. I cried because I didn’t have this growing up, but I felt like that little closeted gay kid again except it didn’t feel scary but normal and wholesome and safe.

Anyway this is what my brain has been dissociating to lately—Private/High School and College No-Magic AU:

* Because this is a kinda-real-world/no-magic au and I can imagine the Blight family in Connecticut (y’all the CHRISTMAS CARDS), all the Blights are blonde except Alador and Amity, but Amity dyes her hair blonde to look like the twins and her mother.

* Blight twins got into Yale early admission because they’re Blights and are assumed to take on Blight Industries once they complete schooling. Of course they’re both class president and vice president at Jonesborough Academy (Ed: “I’m here in case you die.” / Em: “You just don’t want to do as much work.”) and are captains of the school lacrosse, swim, and tennis teams. Ed enjoys claiming his senioritis is him “giving Em” the valedictorian spot. He’s still set to be the Salutatorian regardless of how much he actually slacks off. Em punches Ed whenever he says this though because she has a 4.2 because she filled any potential study halls with online coursework and took so many weight courses, she literally surpasses a 4.0.

* Amity doesn’t want to go to Yale but her parents went (as did her grandparents on her mother’s side—her Dad’s parents went to Columbia) and legacies are legacies.

* Odalia has a deep love for winning absolutely anything over an MIT or Harvard alum. Not to mention Odalia and Alador have donated hundreds of thousands (soon to surpass a million) to Yale’s mechanical engineering program, putting New Haven on the map for mechanical engineering and boosting their rankings—there’s a notable wing of the department named after them.

* Amity is on track for a mechanical engineering future like the rest of her family (Ed is more interested in the marketing of Blight Industries—like Odalia—so he’s likely minoring in business management/marketing or will pursue a masters), but she’s leaning toward biomechanical engineering and robotics—she wants to build things to help kids in pediatric care.

* Blight Industries however is focused on automotive and aerospace technologies and recently signed a contract with Tesla for a relatively small and very confidential project that, despite its supposed size, will bring the Blights up a tax bracket.

* Luz is a sophomore like the rest of the group and new to Jonesborough Academy. She maintains a good GPA but struggles with staying on task and tends to day dream but works really hard to keep good grades. Luz wants to study creative writing and literature and visual arts and… have fun? She just wants a good enough scholarship she can have fun for four years and hopefully find something she loves along the way.

* Willow obviously wants to study botany (archaeobotany). “Yale is my reach, but so are all the Ivy League schools.” Luz makes botany puns with Ivy League as often as possible.

* Gus loves theater and art, especially stage/set design—he also skipped a grade and was accepted into the Jonesborough Academy Arts program. His parents have already taken him for a campus tour of Carnegie Mellon. He’s also president of the D&D club.

* Eda is Luz’s Gen X auntie figure of course, and she owns the thrift shop in town. She also bartends on the side and takes the train from CT to New York regularly, where she used to live for 15 years. Lilith is of course head of the local historical society and is the history teacher at Jonesborough.

* Luz meets Eda because Eda’s vintage shop also has a weird used book selection and a section of witchy stuff she likes exploring. Also there’s a little cafe next door they both enjoy and they split the massive but delicious chocolate chunk cookie from there when Eda stays in CT on the weekend.

* Willow regularly volunteers after school to take care of the greenhouse and is part of the agricultural program at the school, and for “volunteer hours,” Luz, Boscha, Amity, and of course Gus (established friendship between Gus and Willow) show up. Boscha complains about the dirt and worms and when Willow tries to help, Boscha pretends to accidentally knock over a plant, breaking the pot. Luz stands up for Willow of course and Amity feels obligated to side with Boscha.

* Amity is Amity still so she’s furious with Luz for showing up and being all smart and charming and kind and—well, she can’t possibly risk her rightful place as Valedictorian.

* Amity briefly played rugby freshman year and made varsity, but she broke her clavicle halfway through the season and her mother made her quit the team. Odalia isn’t fond of the sport to begin with so she told Amity to find another extra curricular—Amity makes the soccer team sophomore year!

* There’s a classroom debate regarding some literary analysis and Amity is a cynic and takes a hyper-practical approach (she can’t show weakness) and Luz is the romantic and takes a more creative approach. Fists are slammed on desks. Very passionate exchange of words. Amity’s face gets red. Redder when Luz wins the debate.

* Gus, Willow, and Luz have a small slumber party and Willow explains how she used to be friends with Amity. Luz isn’t sure how to feel, but Willow just shrugs “Middle school was tough but at least I’m not afraid of my dads… Amity’s parents are… demanding.”

* Amity breaks her other clavicle in the first soccer game she plays of the season.

* Amity ends up being in a sling for 6 weeks and can’t play. Her mother makes her quit again and instead signs Amity up for debate team. Amity joins but also joins the robotics club. Her parents don’t really notice since they work so much and filled her schedule so much they assume she’s at one of several extra curriculars or getting in volunteer hours.

* Luz goes to the library after school one day and realizes Amity reads to kids there, and Luz can’t handle how cute Ami—THE KIDS are…

* Luz and Amity get paired together for a project—they meet at the library and Amity tries to say Luz doesn’t have to do anything and she’ll do the project herself, but Luz puts her foot down—“I know you don’t trust people to get things or do things as well as you, but don’t you ever get tired? Don’t you ever just… need some help? You can trust me. I wouldn’t let you down when I know how important this is to you—us, I mean.”

* Luz helps Amity carry her books while she’s got her arm in a sling between some classes, and at one point Gus and Willow join. Willow looks at the two of them talking and laughing even and then looks at Gus who can barely hide his reaction to the same realization.

* Amity has Luz over while her parents are away at a conference to work on their project. She has a tree fort (like the hideaway at the library in the series) that she can get to from the window of her bedroom—Alador made it when she was little. There Luz finds Amity’s Azura books and loses. her. shit. Amity tries to say, “I just liked them as a kid” and Ed & Em just APPEAR at the window to throw her under the bus, “So why do you read all of WarriorofReesesPieces fan fiction still???” And both Amity and Luz turn bright red. Amity mumbles something like “I thought I deleted my web history…” Amity has zero idea that Luz is her favorite fan fic writer.

* Boscha starts making fun of Willow in study hall and Amity shows up since her Anatomy and Physiology class got canceled and makes Boscha stop, deciding to sit with Luz, Gus, and Willow.

* Luz and Amity get an A on their project. There’s definitely the “WOOOO! TEAMWORK, BABY!” hug involved here.

[aaravkadam]

Force Sensors Market: Analyzing Industry Dynamics and Challenges

The force sensors market is witnessing significant growth, driven by advancements in technology and an increasing demand for automation across various sectors. These devices are crucial for measuring the force applied to objects, with applications spanning automotive, healthcare, robotics, and industrial automation. However, alongside growth opportunities, the market also faces several challenges that stakeholders must navigate. This article delves into the dynamics shaping the force sensors market and the challenges that could impact its trajectory.

Overview of the Force Sensors Market

Force sensors convert physical force into an electrical signal, providing valuable data for analysis and decision-making. The global force sensors market is expected to grow at a compound annual growth rate (CAGR) of approximately 8-10% in the coming years. This growth is fueled by the increasing need for accurate measurements, enhanced automation, and safety compliance across various industries.

Industry Dynamics

1. Growing Automation Across Industries

One of the most significant drivers of the force sensors market is the increasing trend toward automation in sectors such as manufacturing, automotive, and healthcare. As companies strive for greater efficiency and reduced operational costs, force sensors are becoming essential components in robotic systems and automated processes, enabling real-time feedback and precise control.

2. Advancements in Technology

Technological innovations, particularly in microelectromechanical systems (MEMS), have enhanced the capabilities of force sensors. These advancements result in smaller, more accurate sensors that can be easily integrated into various applications. The incorporation of smart technologies, including the Internet of Things (IoT) and artificial intelligence (AI), allows for real-time data collection and analysis, further driving the demand for force sensors.

3. Rising Safety Standards

Increasing safety regulations across industries are compelling businesses to adopt force sensors. In sectors like automotive and aerospace, these devices are crucial for ensuring compliance with safety standards by monitoring forces during testing and production processes. This emphasis on safety is a key factor driving market growth.

4. Expanding Applications

The versatility of force sensors is expanding their applications across different industries. In healthcare, for instance, force sensors are used in prosthetics and rehabilitation devices, providing critical feedback on pressure and force. In consumer electronics, they enhance user interaction through pressure-sensitive interfaces. This diversification of applications contributes to the overall growth of the market.

Challenges Facing the Force Sensors Market

1. High Initial Costs

Despite the growing demand for force sensors, the high initial investment required for advanced sensors can be a barrier for many businesses, particularly small and medium-sized enterprises (SMEs). Companies must weigh the long-term benefits against upfront costs, which may hinder widespread adoption.

2. Technical Complexity

The integration of advanced force sensors into existing systems can pose technical challenges. Businesses may face difficulties in installation, calibration, and maintenance, particularly when dealing with complex sensor networks. The need for specialized knowledge and skills can add to the overall complexity of implementation.

3. Competition from Alternative Technologies

As the force sensors market grows, competition from alternative technologies may pose a challenge. Devices such as strain gauges and pressure sensors can offer similar functionalities, and companies must differentiate their offerings to maintain a competitive edge. Additionally, advancements in these alternative technologies may limit the market share for traditional force sensors.

4. Data Security Concerns

With the increasing integration of IoT and smart technologies, data security has become a critical concern. Force sensors that transmit data wirelessly can be vulnerable to cyberattacks, potentially compromising sensitive information. Ensuring robust security measures is essential for gaining customer trust and sustaining market growth.

5. Market Fragmentation

The force sensors market is characterized by fragmentation, with numerous players offering a wide range of products. This fragmentation can lead to challenges in standardization and compatibility among different sensor technologies. Establishing industry standards will be crucial for fostering interoperability and enhancing market growth.

Request a Sample PDF for the Force Sensors Market Report

(The sample serves as a general overview and contents of the final report, without actual data. Accessing the facts and figures of the complete report will incur a cost.)

[mordormr]

Understanding the Encoder Market: Driving Precision in Automation and Beyond

The Encoder Market Size is projected to be valued at USD 3.08 billion in 2024 and is expected to grow to USD 4.5 billion by 2029, with a compound annual growth rate (CAGR) of 7.91% during the forecast period (2024-2029).

Market Overview:

The encoder market is experiencing strong growth, driven by advancements in automation, robotics, and Industry 4.0. Encoders are critical for providing accurate position and motion feedback in various industrial applications. With industries increasingly adopting smart manufacturing solutions, the demand for encoders is expected to see a substantial rise.

Key Growth Drivers:

Adoption of Automation and Robotics: The shift toward automation in manufacturing, warehousing, and logistics is one of the primary drivers of the encoder market. As companies seek to enhance efficiency and reduce human intervention, encoders play a crucial role in providing precise motion control.

Industry 4.0: The ongoing trend of smart manufacturing, or Industry 4.0, is boosting the demand for advanced sensing and control technologies, such as encoders, to ensure efficient and error-free processes.

Growing Demand in Automotive and Aerospace: Encoders are used extensively in automotive and aerospace industries for applications such as engine control, braking systems, and automated assembly lines. The need for accuracy and reliability in these sectors fuels encoder market growth.

Medical Device Innovation: Encoders are increasingly used in medical devices for diagnostic equipment, robotic surgery, and patient care systems, contributing to the sector's expansion.

Rising Popularity of IoT Devices: The rise of IoT-enabled devices has increased the need for precise motion and position sensing, as encoders are critical for many smart devices, including home automation products and security systems.

Regional Market Insights:

North America: The region is witnessing rapid growth in automation and Industry 4.0, especially in sectors like manufacturing, automotive, and medical devices.

Europe: Known for its advancements in industrial automation, Europe has a strong demand for high-precision encoders, driven by industries like aerospace, robotics, and automotive.

Asia-Pacific: As the largest manufacturing hub, Asia-Pacific is seeing increasing demand for encoders in sectors like electronics, automotive, and semiconductors, with China and Japan leading the charge in adopting automation technologies.

Future Trends:

Miniaturization: With the increasing demand for smaller and more compact devices, encoders are becoming more miniaturized while maintaining high accuracy and reliability.

Wireless and IoT Integration: Encoders with wireless capabilities and IoT integration are becoming popular, allowing for real-time data monitoring and remote operation in smart factories.

Artificial Intelligence (AI) in Control Systems: AI-powered control systems are expected to work alongside encoders to enhance the automation process, predict machine failures, and optimize efficiency.

Customization: There is a growing demand for customized encoders tailored to specific industrial applications, allowing businesses to enhance productivity while reducing costs.

Conclusion:

As industries continue to push the boundaries of automation, precision control systems like encoders are becoming indispensable. The encoder market is poised for significant growth, with advancements in technology, the rise of Industry 4.0, and the increasing use of robotics driving demand. From manufacturing to healthcare, encoders are playing a crucial role in enhancing operational efficiency, ensuring accuracy, and supporting the next wave of industrial transformation.

For a detailed overview and more insights, you can refer to the full market research report by Mordor Intelligence https://www.mordorintelligence.com/industry-reports/encoder-market  

[appu143]

Universal Robots Company in USA

With the specific goal of enabling robotic technology to be accessible to companies of all sizes, Universal Robots was founded in 2005. The early leaders of the company, Kristian Kassow, Esben Østergaard, and Kasper Støy, saw a future in which robots would assist people in routine jobs and increase output without requiring costly safety precautions. The UR5, the first commercially successful collaborative robot in history, was created in 2008 as a result of this ambition.

Why Choose Universal Robots?

Ease of Use Flexibility and Versatility Safety Cost-Effective Automation

Key Industries Adopting UR Cobots

Automotive Manufacturing Electronics and Technology Healthcare and Pharmaceuticals Food and Beverage

Training and Support

Universal Robots understands that appropriate assistance and training are essential for effective automation. The company provides a number of tools, such as the free online training sessions offered by the UR Academy, to assist users in making the most of their cobots. Additionally, clients have access to local support and knowledge thanks to UR's wide network of partners and distributors throughout the USA.

With innovative offerings that support companies of all sizes in remaining competitive in a market that is changing quickly, Universal Robots has made a name for itself as a leader in the collaborative robotics companies. They are the perfect partner for companies wishing to participate in the automation of the future because of their dedication to accessibility, safety, and adaptability.

To know more click here:- Fortune Robotics

[tamanna31]

Exoskeleton Market Trends, Statistics, Segments, Graphs Growth Factors Forecast to 2030

 Exoskeleton Industry Overview

The global exoskeleton market size was estimated at USD 419.5 million in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 16.6% from 2024 to 2030. In terms of volume, the market volume was 13,643 units in 2023 and is projected to grow at a CAGR of 9.3% from 2024 to 2030. Rapidly growing global geriatric population, rising adoption rates of medical devices in different industries such as automobile, military, defense, and construction, and rising incidence of stroke are some of the key driving forces responsible for the market growth.

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

Furthermore, the growing incidence rate of spinal cord injuries (SCI) is expected to drive the demand across global markets. For instance, as per the National Spinal Cord Injury Statistical Center (NSCISC), in the U.S., 17,730 new SCIs are diagnosed annually, and approximately 291,000 live with SCIs.

Exoskeleton solutions are widely adopted across industries to support employee health and boost productivity. Growing demand has led to emergence of several startups expertizing in exoskeleton technology and providing solutions for rehabilitation. Furthermore, constantly evolving exoskeleton industry is driving market players to devise innovative product development strategies to boost adoption over the forecast period. For instance, in June 2022, Ekso Bionics received 510(k) FDA clearance for marketing the EksoNR robotic exoskeleton. It is the latest generation of devices that can be used for rehabilitation of multiple sclerosis patients.

Some of the most common musculoskeletal injuries and disorders affecting the construction industry are occupational overuse syndrome (OOS), cumulative trauma disorders (CTD), and repetitive strain injury (RSI). For instance, as per WHO data estimates published in July 2022, approximately 1.71 billion individuals across the globe have musculoskeletal disorders that include neck pain, lower back pain, fractures, amputation, rheumatoid arthritis, and osteoarthrit is. Similarly, in 2022, according to the U.S. Bureau of Labor Statistics, approximately 502,380 workers have occupation-related musculoskeletal disorders across several industries. These are some of the driving factors boosting adoption of exoskeleton solutions owing to benefits associated with exoskeleton technology, such as augmenting or assisting users’ physical activity or capability, improving users’ health & productivity, and reducing fatigue experienced by industrial workers.

Rapid technological advancements in the global market are expected to boost the demand for exoskeletons. Increasing popularity and growing adoption of exoskeletons by companies are expected to contribute to market growth. In addition, increasing adoption of exoskeletons in manufacturing sector, logistics, automotive, and construction is leading to a rise in penetration of exoskeletons, thereby fueling the market growth. For instance, in December 2021, IKEA and BMW are using Bionic’s fifth generation Cray X, an AI-enabled, powered exoskeleton capable of lifting an additional 70 pounds, reducing the risk of repetitive stress injuries and back injuries. Such advancements are expected to boost market growth over the forecast period.

Browse through Grand View Research's Medical Devices Industry Research Reports.

• The global disposable hospital gowns market size was valued at USD 3.68 billion in 2023 and is projected to grow at a CAGR of 12.9% from 2024 to 2030. The heightened focus on infection control within medical settings fuels the demand for disposable gowns.

• The global knee braces market size was valued at USD 1.12 billion in 2023 and is projected to grow at a CAGR of 7.7% from 2024 to 2030. The rise in osteoarthritis (OA) cases, orthopedic knee surgeries, athletic injuries and other knee related injuries are fueling the growth of the knee brace industry.

Exoskeleton Market Segmentation

Grand View Research, Inc. has segmented the exoskeleton market report based on mobility, technology, extremity, structure, end-use, and region:

Exoskeleton Mobility Outlook (Volume, Revenue, USD Million, 2018 - 2030) • Mobile • Fixed/Stationary

Exoskeleton Technology Outlook (Volume, Revenue, USD Million, 2018 - 2030) • Powered • Non-powered

Exoskeleton Extremity Outlook (Volume, Revenue, USD Million, 2018 - 2030) • Upper Body • Lower Body • Full Body

Exoskeleton Structure Outlook (Volume, Revenue, USD Million, 2018 - 2030) • Rigid Exoskeletons • Soft Exoskeletons

Exoskeleton End-Use Outlook (Volume, Revenue, USD Million, 2018 - 2030) • Healthcare • Military • Industry

Exoskeleton Regional Outlook (Volume, Revenue, USD Million, 2018 - 2030) • North America o US o Canada • Europe o Germany o UK o Spain o Italy o France o Denmark o Norway o Sweden • Asia Pacific o Japan o China o India o Australia o Thailand o South Korea • Latin America o Brazil o Mexico o Argentina • MEA o South Africa o Saudi Arabia o UAE o Kuwait

Key Companies profiled: • Ekso Bionics • Hocoma • Lockheed Martin Corporation • Suit X • Rex Bionics Plc. • RB3D • ReWalk Robotics • Cyberdyne, Inc. • ActiveLink (Panasonic Corporation)

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

Key Exoskeleton Company Insights

• Ekso Bionics specializes in bionic exoskeletons, robotics, and rehabilitation. Ekso Bionics received its first FDA clearance for exoskeleton for patients affected with spinal cord injuries and stroke. The company is a leader in technology innovation and is one of pioneers in the market. The company also focuses on partnering with established healthcare facilities to expand their distribution channels and enhance care delivery in newer business geographies

• Cyberdyne, Inc. develops and distributes exoskeleton suits widely used in medicine, caregiving, and living & labor support. The company has been devising various business expansion strategies such as mergers and technological collaborations. The company focuses on collaborating with different stakeholders of the supply chain, thereby increasing its clientele and expanding their business geography

• Lockheed Martin Corporation is a large company dealing in aerospace, security, defense, and other technologies. The company has expertise in developing exoskeleton or exo-robots for the military and defense industries. The company focuses on obtaining defense service contracts

Recent Developments

• In December 2023, German Bionic introduced the Apogee exoskeleton with robotic motors for healthcare workers to lift and move heavy patients with greater ease, less strain, and improved stamina

• In June 2022, CYBERDYNE Inc. formed a business and capital alliance with LIFESCAPES Inc. This collaboration highlighted the combined effort to further leverage the exoskeleton technology arena and improve rehabilitation options for patients with severe paralysis

• In June 2022, Ekso Bionics received 510(k) FDA clearance for marketing the EksoNR robotic exoskeleton. It is the latest generation of devices that can be used for the rehabilitation of multiple sclerosis patients

• In February 2020, Ekso Bionics launched EksoPulse platform, a cloud-deployed platform to measure and analyze EksoNR robotic exoskeleton. The platform is integrated with a user-friendly interface and dashboard to measure activity & progress in rehabilitation sessions

• In November 2018, Lockheed Martin received a USD 6.9 million development contract from the U.S. Army Natick Soldier Research, Development, and Engineering Center (NSRDEC) to further develop the Onyx exoskeleton for soldier demonstrations

[amrutmnm]

The Actuators Market Size is projected to grow from USD 67.7 Billion in 2024 to USD 94.8 Billion by 2029, at a CAGR of 7.0% from 2024 to 2029. The international actuators market is propelled by rapid urbanization and industrialization. Expanding investments in additional infrastructure and restoration of existing plants is anticipated to positively impact market growth. Rising population, industrial production, manufacturing companies favoring automation, and necessity to extract natural resources from difficult locations may also drive Actuators Industry growth in the coming years. In recent times, space travel has been revived, and, thus, it has potential to drive the demand for actuators. Numerous industries like automotive, food and beverages, oil & gas, robotics, defense and security, aerospace, and logistics focus on automating their businesses to deliver improved safety, better efficiency, and heightened precision in production and time-efficient services.

[renubresearch]

United States Automotive Robotics Market will reach US$ 7.40 Billion by 2032

United States Automotive Robotics Market Analysis The United States Automotive Robotics Market is projected to grow steadily over the next decade, with the market size expected to increase from US$2.99 billion in 2023 to US$7.4 billion in 2032. This signifies a compound annual growth rate (CAGR) of 10.66% from 2024 to 2032. Automotive robotics refers to the application of robotic technology in…

[semiconductor-hub]

MEMS Gyroscopes Market Strategies and Resources to Grow Your Company, 2032

MEMS (Micro-Electro-Mechanical Systems) Gyroscopes are advanced sensors that measure angular velocity and rotational motion with high precision. Utilizing microfabrication technology, MEMS Gyroscopes are compact and highly accurate, making them essential components in various applications. These gyroscopes are widely used in consumer electronics, automotive systems, and aerospace for applications requiring precise motion sensing and stabilization. By providing accurate orientation and rotational data, MEMS Gyroscopes enhance the performance and functionality of modern devices and systems.

The MEMS Gyroscopes Market valued at USD 2.71 billion in 2023, is projected to reach USD 5.88 billion by 2032, growing at a CAGR of 9% during the forecast period of 2024-2032.

Future Scope: 

The future of MEMS Gyroscopes is marked by advancements in sensitivity, accuracy, and integration with other sensors. Innovations in microfabrication techniques and materials are expected to improve the performance and reduce the size of MEMS Gyroscopes. The integration of MEMS Gyroscopes with other MEMS sensors, such as accelerometers and magnetometers, will enable more comprehensive motion sensing and navigation solutions. Additionally, developments in low-power and high-frequency gyroscopes will support the growing demand for precise motion sensing in portable and wearable devices.

Trends: 

Current trends in MEMS Gyroscopes include the development of higher sensitivity and accuracy sensors for improved motion detection and stabilization. There is a growing focus on integrating MEMS Gyroscopes with other sensor technologies to provide more detailed and reliable data. The market is also seeing advancements in low-power and miniaturized gyroscopes that cater to portable and wearable applications. Additionally, the use of MEMS Gyroscopes in emerging fields such as autonomous vehicles and drones is driving innovation and development.

Applications: 

MEMS Gyroscopes are used in a diverse range of applications, including consumer electronics such as smartphones, tablets, and wearable devices for motion tracking and orientation. In automotive systems, they are employed for vehicle stability control and navigation. Aerospace applications utilize MEMS Gyroscopes for inertial navigation and attitude control in aircraft and spacecraft. The technology is also critical in robotics and drones for precise motion control and stabilization.

Solutions and Services: 

Solutions related to MEMS Gyroscopes include custom sensor design and integration for specific applications, performance optimization, and system integration. Manufacturers offer calibration, maintenance, and technical support to ensure optimal sensor performance. Additionally, consultancy services are available to help organizations select and implement MEMS Gyroscope solutions that meet their motion sensing requirements.

Key Points:

Measures angular velocity and rotational motion with high precision.

Enhances performance and functionality in consumer electronics, automotive systems, and aerospace.

Future advancements focus on sensitivity, integration with other sensors, and low-power designs.

Trends include higher sensitivity, miniaturization, and use in autonomous vehicles and drones.

Applications span smartphones, vehicle stability, inertial navigation, and robotics.

Solutions include custom design, performance optimization, calibration, and technical support.

Read More Details: https://www.snsinsider.com/reports/mems-gyroscopes-market-4263 

Contact Us:

Akash Anand — Head of Business Development & Strategy

Email: info@snsinsider.com

Phone: +1–415–230–0044 (US) | +91–7798602273 (IND) 

[businessindustry]

Automatic Wafer Handling System Market Industry, Size, Share and Forecast by 2024-2032

The Reports and Insights, a leading market research company, has recently releases report titled “Automatic Wafer Handling System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Automatic Wafer Handling System Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Automatic Wafer Handling System Market?

The global automatic wafer handling system market size reached US$ 1.4 billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 2.9 billion in 2032, exhibiting a growth rate (CAGR) of 8.1% during 2024-2032.

What are Automatic Wafer Handling System?

An automatic wafer handling system is an advanced technology used in semiconductor manufacturing to automate the transport and management of silicon wafers during the production process. This system handles the delicate tasks of loading, unloading, and positioning wafers with precision, minimizing the risk of contamination and damage. Featuring sophisticated robotics, sensors, and control systems, automatic wafer handling systems improve efficiency, accuracy, and throughput in wafer fabrication, leading to higher yields and better overall quality in semiconductor production.

Request for a sample copy with detail analysis: https://www.reportsandinsights.com/sample-request/1924

What are the growth prospects and trends in the Automatic Wafer Handling System industry?

The automatic wafer handling system market growth is driven by various factors and trends. The automatic wafer handling system market is experiencing strong growth, driven by rising demand for advanced semiconductor manufacturing technologies and the pursuit of greater production efficiency. As the semiconductor industry expands, there is an increasing emphasis on automating wafer transport and management to enhance accuracy, reduce contamination, and boost throughput. Key growth factors include technological advancements in robotics and automation, the expansion of semiconductor fabrication facilities, and a heightened need for high-quality, reliable semiconductor products. Hence, all these factors contribute to automatic wafer handling system market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By Type:

Robotic Handling Systems

Fixed Handling Systems

Portable Handling Systems

By Application:

Semiconductor Manufacturing

Electronics Industry

Automotive Industry

Medical Devices

Others

Market Segmentation By Region:

North America:

United States

Canada

Europe:

Germany

United Kingdom

France

Italy

Spain

Russia

Poland

BENELUX

NORDIC

Rest of Europe

Asia Pacific:

China

Japan

India

South Korea

ASEAN

Australia & New Zealand

Rest of Asia Pacific

Latin America:

Brazil

Mexico

Argentina

Rest of Latin America

Middle East & Africa:

Saudi Arabia

South Africa

United Arab Emirates

Israel

Rest of MEA

Who are the key players operating in the industry?

The report covers the major market players including:

Applied Materials, Inc.

ASML Holding N.V.

Lam Research Corporation

Tokyo Electron Limited

KLA Corporation

Hitachi High-Technologies Corporation

SCREEN Holdings Co., Ltd.

Axcelis Technologies, Inc.

ASM International N.V.

Advantest Corporation

Teradyne Inc.

Rudolph Technologies, Inc.

Nikon Corporation

View Full Report: https://www.reportsandinsights.com/report/Automatic Wafer Handling System-market

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us:

Reports and Insights consistently mееt international benchmarks in the market research industry and maintain a kееn focus on providing only the highest quality of reports and analysis outlooks across markets, industries, domains, sectors, and verticals. We have bееn catering to varying market nееds and do not compromise on quality and research efforts in our objective to deliver only the very best to our clients globally.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact Us:

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[tmr-blogs2]

Wood Coatings Market 2024-2034: Forecasting Growth Trends and Key Drivers

Silylated polymers, also known as silane-terminated polymers, are high-performance materials used in various industrial applications such as adhesives, sealants, and coatings. These polymers offer benefits like excellent adhesion, flexibility, and resistance to weathering, UV radiation, and moisture. With increasing demand across construction, automotive, and industrial sectors, silylated polymers are positioned as a key material for sustainable and advanced applications over the forecast period (2024-2034).

Market Size and Growth

The global silylated polymers industry, valued at US$ 890.5 million in 2023, is projected to grow at a CAGR of 5.5% from 2024 to 2034. By the end of 2034, the market is expected to reach US$ 1.6 billion.

For More Details, Request for a Sample of this Research Report: https://www.transparencymarketresearch.com/silylated-polymers-market.html

Market Segmentation

By Service Type:

Manufacturing

Custom Solutions

Research and Development

Distribution and Sales

By Sourcing Type:

Raw Material Sourcing

Contract Manufacturing

In-house Manufacturing

By Application:

Adhesives

Sealants

Coatings

Construction Materials

Automotive

Electronics

By Industry Vertical:

Construction

Automotive

Electronics

Consumer Goods

Industrial Manufacturing

By Region:

North America

Europe

Asia-Pacific

Latin America

Middle East and Africa

Regional Analysis

North America: The market in North America is driven by advanced manufacturing techniques and increased demand in construction and automotive industries. The region accounts for a substantial market share due to technological advancements and R&D investments.

Europe: Europe is a mature market, with Germany, France, and the UK being key players due to their strong automotive and construction sectors. Environmental regulations promoting eco-friendly materials are boosting the adoption of silylated polymers.

Asia-Pacific: This region is expected to experience the fastest growth, with China, Japan, and India leading in the automotive and construction sectors. Infrastructure development and industrialization drive demand for silylated polymers.

Latin America and Middle East & Africa: While these regions represent smaller markets, increased industrialization and growing urbanization are expected to contribute to steady growth over the forecast period.

Market Drivers and Challenges

Drivers:

Sustainability: The shift toward eco-friendly, low-VOC (volatile organic compound) materials is promoting the adoption of silylated polymers.

Rising Construction Activities: Growth in construction projects worldwide, particularly in developing economies, is increasing demand for adhesives and sealants based on silylated polymers.

Automotive Demand: The automotive industry is leveraging silylated polymers for lightweight and durable components, supporting the market’s growth.

Challenges:

High Costs: The relatively higher cost of production and raw materials associated with silylated polymers could limit adoption, especially in cost-sensitive markets.

Technical Limitations: Despite their versatility, certain applications might require more specialized materials, which can impact the growth of silylated polymers in niche markets.

Market Trends

Green and Sustainable Materials: Growing environmental consciousness is pushing manufacturers to develop bio-based and sustainable silylated polymers.

Hybrid Polymers: Increasing interest in hybrid polymers, which combine properties of different polymer families, is gaining traction in high-performance applications.

Technological Innovation: Advanced manufacturing technologies like 3D printing and robotics are expected to enhance the application scope of silylated polymers in the automotive and construction industries.

Future Outlook

The silylated polymers market is expected to expand significantly, driven by industrial advancements and increasing regulatory pressures for environmentally sustainable products. Manufacturers will focus on R&D to enhance product offerings, such as developing more specialized and hybrid polymers for specific applications.

By 2034, the market will be characterized by a wider adoption of silylated polymers in emerging economies, along with innovations in product formulations, making these materials indispensable in construction, automotive, and industrial manufacturing.

Key Market Study Points

Assessment of market drivers such as sustainability trends and increased demand in key industries.

Evaluation of challenges like high production costs and potential limitations in niche applications.

Analysis of regional growth patterns, with a focus on the rapidly expanding Asia-Pacific market.

Insights into future trends, particularly the role of green materials and hybrid polymers.

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Competitive Landscape

Key players in the silylated polymers market include:

Wacker Chemie AG: A leading producer focusing on innovation and sustainability.

Evonik Industries: Known for its diverse product portfolio in industrial applications.

Kaneka Corporation: A key player in the adhesive and construction sectors.

Momentive Performance Materials Inc.: Specializes in high-performance materials for automotive and construction applications.

Dow Corning Corporation: Provides advanced materials catering to industrial needs.

The competitive landscape is marked by strategic partnerships, mergers and acquisitions, and continuous R&D investments aimed at product innovation and market expansion.

Recent Developments

Wacker Chemie AG announced the expansion of its silylated polymer production facilities in Germany to cater to growing demand in construction adhesives.

Evonik Industries launched a new range of hybrid silylated polymers for the automotive industry, focusing on lightweight and durable applications.

Momentive Performance Materials developed bio-based silylated polymers to meet the increasing demand for sustainable materials in industrial manufacturing.

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:

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[omshinde5145]

Autonomous Last Mile Delivery Market Size, Trends, Revenue Share Analysis, Forecast, 2024–2030

The Autonomous Last-Mile Delivery Market was valued at USD 0.7 billion in 2023-e, growing at a CAGR of 25.8% from 2024 to 2030. The growing e-commerce industry and rising consumer demand for fast e-commerce delivery are driving the market growth. This surge in demand has spotlighted a critical bottleneck in the supply chain—last mile delivery, the final step of the delivery process where goods are transported from a distribution center to their final destination. It's the most expensive and time-consuming part of the shipping process, but emerging technologies, particularly in the autonomous vehicle (AV) sector, are poised to revolutionize this landscape. The autonomous last mile delivery market is on the cusp of transforming urban logistics by enhancing efficiency and reducing operational costs.

1. Market Overview

The autonomous last mile delivery market involves the use of robotic and unmanned vehicles to deliver packages. These vehicles range from drones to ground-based robots and fully autonomous vans. According to recent market research reports, this sector is expected to grow significantly in the next decade, driven by advancements in robotics, AI, and machine learning, alongside increasing investments from leading tech companies and traditional logistics providers.

Get a Sample Report: https://bit.ly/3QD6zIV

2. Technological Innovations Driving Growth

Several technologies are critical to the success of autonomous last mile delivery systems:

Artificial Intelligence and Machine Learning: AI models that can predict the optimal routes and delivery methods while adapting to real-time traffic and weather changes.

Robotics: Advanced robotics used in ground delivery bots that can navigate sidewalks and local streets autonomously.

Computer Vision: This technology helps autonomous systems perceive and interpret the environment to avoid obstacles and ensure safe delivery.

Connectivity Solutions (e.g., 5G): High-speed communication technologies facilitate real-time data transfer between vehicles and control centers.

3. Key Players and Industry Adoption

Major technology firms and automotive companies are diving deep into this market. Companies like Amazon, with its Prime Air drone, and Google’s Wing are pioneering the aerial delivery aspect, whereas startups like Nuro and Starship Technologies are making significant strides in ground-based delivery solutions. Traditional delivery giants such as UPS and FedEx are also experimenting with autonomous vehicles and drones to ensure they remain competitive.

4. Challenges and Regulations

Despite the promise, the autonomous last mile delivery market faces several challenges:

Regulatory Barriers: The integration of autonomous delivery services into public spaces involves navigating complex regulatory frameworks which vary by region and are still in development.

Public Safety and Privacy Concerns: Ensuring the safety of unmanned delivery systems and addressing privacy issues related to drone use remain paramount.

Technological Limitations: Issues such as battery life, payload limitations, and the ability to operate in diverse weather conditions need addressing.

5. Impact on Urban Planning and Society

Autonomous last mile delivery has the potential to significantly impact urban development and traffic management. Reduced dependence on large delivery trucks could lead to less congested streets and lower emissions. Moreover, it could help create more pedestrian-friendly urban environments. Socially, it could enhance accessibility of goods with faster, more affordable delivery, potentially transforming consumer behavior permanently.

Get an insights of Customization: https://bit.ly/3QApbte

6. Looking Ahead: Market Predictions

As technology continues to advance and regulatory frameworks evolve, the adoption of autonomous last mile delivery is expected to accelerate. This will likely lead to a more competitive market, driving innovations focused on efficiency and scalability. The industry's growth could also spur job creation in tech sectors while possibly diminishing traditional delivery roles, highlighting a need for workforce adaptation and skill development.

Conclusion

The autonomous last mile delivery market is at an exciting juncture, promising to redefine how goods are delivered in urban settings while addressing the inefficiencies of traditional logistics models. As stakeholders continue to navigate technical, regulatory, and societal challenges, the success of this market will depend not only on technological advancements but also on collaborative industry efforts to ensure that the deployment of autonomous delivery services benefits all sectors of society. The future of last mile delivery is undoubtedly autonomous, heralding a new era of efficiency and innovation in logistics.

[mordormr]

China Automotive Parts Aluminium Die Casting Industry: Key Trends and Market Outlook

The China automotive parts aluminium die casting industry is undergoing significant growth as demand for lightweight, durable, and high-performance materials continues to rise in the automotive sector. Aluminium die casting is a crucial manufacturing process used to produce complex automotive components, offering key benefits such as reduced weight, high strength, and cost efficiency. The China Automotive Parts Aluminum Die Casting Market Size is projected to be valued at USD 10.41 billion in 2024 and is expected to grow to USD 15.49 billion by 2029, with a compound annual growth rate (CAGR) of 8.26% over the forecast period (2024-2029).

Market Overview

The market for automotive parts aluminium die casting in China is growing at a rapid pace. The shift towards electric vehicles (EVs) and the increasing production of lightweight vehicles to meet regulatory emission standards are driving demand. As of 2024, the market is estimated to be worth billions, with significant growth expected through 2029 due to rising investments in advanced die casting technologies and the expansion of China's automotive industry.

Key Trends Shaping the Industry

Growing Demand for Lightweight Vehicles In response to strict environmental regulations, the automotive industry is increasingly focusing on lightweight materials to reduce vehicle emissions and improve fuel efficiency. Aluminium die casting offers an effective solution, providing lightweight components without compromising strength and durability. The demand for aluminium parts, such as engine blocks, transmission cases, and structural components, continues to rise in China.

Electric Vehicle (EV) Boom China’s rapid adoption of electric vehicles is a major driver for the aluminium die casting market. As EVs require lightweight components to extend driving range and improve energy efficiency, aluminium die casting is becoming a preferred process for producing parts like battery enclosures and motor housings. With China being the world’s largest EV market, the demand for aluminium die cast parts is expected to soar.

Technological Advancements Advanced die casting technologies, such as high-pressure die casting (HPDC), are gaining traction in China’s automotive industry. These technologies enable the production of more complex and precise components with reduced lead times and lower costs. The integration of Industry 4.0 technologies, including automation and robotics, is further improving the efficiency and quality of aluminium die casting processes.

Expansion of the Automotive Industry China remains one of the world’s largest automotive markets, with continuous growth in vehicle production and sales. This expansion is fueling demand for automotive parts, including aluminium die cast components. Additionally, many global automotive manufacturers are establishing partnerships and production facilities in China, further driving market growth.

Sustainability and Recycling Initiatives Aluminium is highly recyclable, and the automotive industry in China is increasingly prioritizing sustainability. Aluminium die casting plays a key role in reducing the environmental footprint of vehicle manufacturing, as it allows for the reuse of aluminium scrap in production. This trend is expected to support the long-term growth of the aluminium die casting market.

Challenges Facing the Industry

Despite the strong growth outlook, the aluminium die casting industry faces challenges, such as fluctuating raw material prices and the need for substantial capital investment in advanced machinery and technology. Additionally, competition from other lightweight materials, like magnesium alloys, could impact the market dynamics in the future.

Conclusion

The China automotive parts aluminium die casting industry is poised for substantial growth, driven by the increasing demand for lightweight materials, the rapid adoption of electric vehicles, and technological advancements. As China continues to strengthen its position as a global automotive manufacturing hub, the aluminium die casting sector is expected to play a pivotal role in shaping the future of vehicle production.

For a detailed overview and more insights, you can refer to the full market research report by Mordor Intelligence https://www.mordorintelligence.com/industry-reports/china-automotive-parts-aluminium-die-casting-market  

[bommagoni]

Automotive Robotics Market Size, Statistics, Industry Overview

[tamanna31]

Smart Factory Market Intelligence Report Offers Growth Prospects

Smart Factory Industry Overview

The global smart factory market size was valued at USD 130.25 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9.8% from 2023 to 2030.

The market for smart factory is expected to expand due to several key factors, including increasing emphasis on energy efficiency, improved manufacturing productivity, and the establishment of advanced manufacturing infrastructures. Additionally, there are promising prospects for the adoption of collaborative robots and ongoing advancements in 3D printing technology, which are set to create lucrative opportunities for the market during the forecast period.

Gather more insights about the market drivers, restrains and growth of the Smart Factory Market

Artificial intelligence (AI) and machine learning (ML) are playing a pivotal role in smart factories. These technologies enable predictive maintenance, quality control, and process optimization. AI-driven analytics can uncover valuable insights from vast datasets, helping manufacturers make data-driven decisions. As AI capabilities continue to evolve, their integration into smart factories is expected to grow.

For instance, in September 2022, Datametrex AI Ltd. announced the launch of Smart Factory AI technology based on big data, Artificial Intelligence (AI), and server automation operating system technologies. Additionally, the company claimed to receive purchase orders totaling CAD 200,000 from various multinational corporations, including Woongjin, Co. Ltd., Kolon Benit, and Lotte Data Communication Co., Ltd.

The adoption of Industry 4.0 principles is a prominent trend in smart factories. Industry 4.0 emphasizes the integration of digital technologies such as IoT, big data analytics, and automation into manufacturing processes. Smart factories are leveraging these technologies to optimize production, improve quality, and enhance overall efficiency. This trend is expected to continue as manufacturers seek to remain competitive in a globalized market.

Furthermore, the Internet of Things (IoT) is the backbone of smart factories, facilitating real-time monitoring and control of machines and processes. The growing number of connected devices, sensors, and actuators is enhancing visibility and automation within factories. The increasing deployment of 5G networks and the advancement of edge computing will further strengthen the significance of IoT in the market.

The COVID-19 pandemic had a profound impact on the smart factory industry. While it initially disrupted supply chains and manufacturing operations, it also accelerated the adoption of digital technologies in factories. The need for remote monitoring, predictive maintenance, and agile production processes became apparent during the pandemic, driving increased investment in smart factory solutions. Additionally, the emphasis on worker safety and social distancing led to a greater interest in automation and robotics. The market is anticipated to sustain its growth momentum as the global economy recovers from the pandemic. This is attributed to manufacturers placing greater emphasis on enhancing resilience, efficiency, and operational flexibility in their processes.

Smart Factory Market Segmentation

Grand View Research has segmented the global smart factory market report on the basis of technology, field devices, application, and region:

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

Distributed Control Systems (DCS)

Enterprise Resource Planning (ERP)

Human Machine Interface (HMI)

Manufacturing Execution System (MES)

Product Life Cycle Management (PLM)

Program Logic Controller (PLC)

Supervisory Controller and Data Acquisition (SCADA)

Others

Field Devices Outlook (Revenue, USD Billion, 2018 - 2030)

Sensors

Industrial Robotics

Machine Vision Systems

Others

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

Aerospace & Defense

Automotive

Energy & Power

Food and Beverages

Healthcare

Semiconductor & Electronics

Oil & Gas

Others

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

North America

US

Canada

Europe

UK

Germany

France

Italy

Spain

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Rest of Asia Pacific

Latin America

Brazil

Mexico

Rest of Latin America

Middle East & Africa (MEA)

UAE

Saudi Arabia

Rest of Middle East & Africa

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

The global generative AI smartphone market shipments was estimated at 52.1 million units in 2023 and is projected to grow at a CAGR of 40.9% from 2024 to 2030. 

The global aviation software market size was estimated at USD 10.68 billion in 2023 and is expected to grow at a CAGR of 7.2% from 2024 to 2030. 

Key Companies & Market Share Insights

The market is classified as highly competitive, with the presence of several smart factory players. The key players operating in the industry are focusing on strategic alliances, product developments, expansions, and mergers & acquisitions to remain competitive. For instance, in March 2023, Schneider Electric SE, a digital transformation provider of energy management and industrial automation, initiated the construction of its upcoming smart factory in Dunavesce, Hungary. This state-of-the-art facility, backed by an investment of USD 42.67 million (€40 million), would cover an area of 25,000 sq. m. and will accommodate a workforce of 500 employees. Such strategies by key players are anticipated to augment market growth over the forecast period. Following are some of the major players in the global smart factory market:

ABB Ltd.

Dassault Systemes S.E.

FANUC Corporation

General Electric Company

Honeywell International, Inc.

Johnson Controls, Inc.

KUKA AG

Mitsubishi Electric Corporation

Rockwell Automation, Inc.

Schneider Electric SE

Canon Inc.

Cisco System Inc.

Emerson Electric Co. 

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