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Smart Agriculture Market Dynamics, Top Manufacturers Analysis, Trend And Demand, Forecast To 2030
Smart Agriculture Industry Overview
The global smart agriculture market size was valued at USD 22.65 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 13.7% from 2024 to 2030.
Increasing automation of commercial greenhouses and growing implementation of the controlled environment agriculture (CEA) concept in greenhouses, in a bid to obtain a higher yield and maintain optimum growing conditions, are the key factors driving demand during the forecast period. Cultivators realize the potential benefits of growing plants inside a greenhouse, which has led to the development of commercial greenhouses. Cultivators have shifted from the conventional lighting systems to LED grow lights as the latter can easily be integrated into a CEA setup. Although LED grows lights are high in cost, they are an ideal option for indoor farming, owing to their long-term benefits in terms of energy efficiency.
Gather more insights about the market drivers, restrains and growth of the Smart Agriculture Market
Smart agriculture companies are shifting their focus toward the development of equipment that is integrated with advanced sensors and cameras. Key technologies driving the market demand include livestock biometrics, such as RFID, biometrics, and GPS to help cultivators automatically obtain information regarding livestock in real-time. Furthermore, infrastructural health sensors are used for monitoring material conditions and vibrations in buildings, factories, bridges, farms, and other infrastructure. Coupled with an intelligent network, infrastructural health sensors help provide information to the maintenance team in real-time. In addition, agricultural robots are being used to automate farming processes, such as soil maintenance, weeding, fruit picking, harvesting, planting, plowing, and irrigation, among others.
To sustain profits, farmers are increasingly adopting smarter and more efficient agriculture technologies to deliver high-quality products to the smart agriculture market in sufficient quantities. Mobile technology aids in offering innovative types and applications that are used across the agricultural value chain.
Machine-to-Machine (M2M) applications are particularly suited for the agricultural sector, enabling farmers to monitor equipment, assess the environmental impact on production, precisely manage livestock and crops, and keep track of tractors and other agricultural equipment. M2M is an integral part of IoT, which describes the coordination of multiple devices, appliances, and machines connected to the internet through multiple networks.
The COVID-19 pandemic has brought widespread disruption to the global supply chain, resulting in food shortages and inflation. Necessary measures are required to strengthen the food supply chain and prepare for any future crisis. The ongoing pandemic has highlighted the significance of being able to carry out agricultural operations remotely. The ability of smart agricultural practices to help farmers recoup losses in a relatively shorter lead time is expected to drive future market growth.
Browse through Grand View Research's Next Generation Technologies Industry Research Reports.
The global agriculture 4.0 market was estimated at USD 67.73 billion in 2023 and is projected to grow at a CAGR of 11.6% from 2024 to 2030.
The global AI in food & beverages market size was valued at USD 8.45 billion in 2023 and is projected to grow at a CAGR of 39.1% from 2024 to 2030.
Key Companies & Market Share Insights
Some of the key players operating in the market include Ag Leader Technology, AGCO Corporation, AgJunction, Inc., AgEagle Aerial Systems Inc., Autonomous Solutions, Inc., Argus Control Systems Ltd, BouMatic Robotic B.V., CropMetrics, CLAAS KGaA mbH, CropZilla, Deere & Company, DICKEY-john, DroneDeploy, DeLaval Inc, Farmers Edge Inc, Grownetics, Inc., Granular, Inc., Gamaya, GEA Group Aktiengesellschaft, Raven Industries, Trimble Inc., Topcon Positioning System among others.
AGCO Corporation is a U.S.-based agriculture equipment manufacturer. The company develops and sells products and solutions such as tractors, combines, foragers, hay tools, self-propelled sprayers, smart farming technologies, seeding equipment, and tillage equipment.
Deere & Company is engaged in the manufacturing & construction of agricultural and forestry machinery; drivetrains and diesel engines for heavy equipment; and lawn care machinery. Additionally, the company also manufactures and provides other heavy manufacturing equipment. The company serves diverse industries such as agriculture, forestry, construction, landscaping & grounds care, engines & drivetrain, government and military, and sports turf.
Prospera Technologies and Agrible, Inc. are some of the emerging market participants in the target market.
Prospera Technologies is a global service provider of agriculture technology for managing and optimizing irrigation and crop health. The company provides AI-based sensors and cameras that aid farmers in crop monitoring.
Agrible is a U.S.-based agriculture solution provider. The company helps customers in more than 30 countries optimize water use, crop protection, fertilization, fieldwork, research trials, food supply chains, and sustainability initiatives
Key Smart Agriculture Companies:
Ag Leader Technology
AGCO Corporation
AgJunction, Inc.
AgEagle Aerial Systems Inc.
Autonomous Solutions, Inc.
Argus Control Systems Ltd
BouMatic Robotic B.V.
CropMetrics
CLAAS KGaA mbH
CropZilla
Deere & Company
DICKEY-john
DroneDeploy
DeLaval Inc
Farmers Edge Inc
Grownetics, Inc.
Granular, Inc.
Gamaya
GEA Group Aktiengesellschaft
Raven Industries
Trimble Inc.
Topcon Positioning System
Recent Developments
In July 2023, Deere & Company announced the acquisition of Smart Apply, Inc. The company planned to leverage Smart Apply’s precision spraying to assist growers in addressing the challenges associated with input costs, labor, regulatory requirements, and environmental goals.
In May 2023, AgEagle Aerial Systems Inc. announced that it had entered into a 2-year supply agreement with Wingtra AG. This agreement is purposed to secure the supply of RedEdge-P sensor kits for incorporation with WingtraOne VTOL drones. This is specifically resourceful for those seeking to benefit materially from unparalleled, high precision, and plant-level detail in commercial agriculture, environmental research, forestry, and water management applications.
In April 2023, AGCO Corporation announced a strategic collaboration with Hexagon, for the expansion of AGCO’s factory-fit and aftermarket guidance offerings. The new guidance system was planned to be commercialized as Fuse Guide on Valtra and Massey Ferguson tractors.
In February 2023, Topcon Agriculture unveiled the launch of Transplanting Control, an exceptional guidance control solution for specialty farmers. This turnkey solution was designed to boost efficiency, reduce labor, and proliferate production. Further, it delivers GNSS-driven guidance, autosteering & control, thereby proving advantageous for the growers of perennial trees, vegetables, and fruits.
In January 2023, ASI Logistics in collaboration with SICK, Inc. announced the successful implementation of autonomous yard truck operations. In this collaboration, ASI Logistics leveraged its groundbreaking Vehicle Automation Kit (VAK) along with the industry-leading LiDAR systems of SICK.
In March 2022, Raven announced its business expansion in South Dakota and Arizona to enhance the development of AI-driven technologies for tailoring cutting-edge solutions. The strategy was also aimed at allowing access to a nearby test farm for same-day testing.
In October 2021, BouMatic announced the acquisition of SAC Group to leverage automatic and conventional milking systems. The transaction demonstrated the company’s incessant commitment to delivering best-in-class dairy farm solutions to consumers across the world.
In May 2021, AGCO announced a targeted spraying solutions strategic collaboration with Raven Industries Inc., BASF Digital, and Robert Bosch GmbH. The objective of this deal was to assess the targeted spraying technology for enhancing crop protection product applications by limiting crop input costs and addressing environmental sustainability.
Order a free sample PDF of the Smart Agriculture Market Intelligence Study, published by Grand View Research.
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Smart Agriculture Market 2024-2030: Growth Share and Future Trends
The global smart agriculture market size was valued at USD 22.65 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 13.7% from 2024 to 2030.
Increasing automation of commercial greenhouses and growing implementation of the controlled environment agriculture (CEA) concept in greenhouses, in a bid to obtain a higher yield and maintain optimum growing conditions, are the key factors driving demand during the forecast period. Cultivators realize the potential benefits of growing plants inside a greenhouse, which has led to the development of commercial greenhouses. Cultivators have shifted from the conventional lighting systems to LED grow lights as the latter can easily be integrated into a CEA setup. Although LED grows lights are high in cost, they are an ideal option for indoor farming, owing to their long-term benefits in terms of energy efficiency.
Gather more insights about the market drivers, restrains and growth of the Smart Agriculture Market
Smart agriculture companies are shifting their focus toward the development of equipment that is integrated with advanced sensors and cameras. Key technologies driving the market demand include livestock biometrics, such as RFID, biometrics, and GPS to help cultivators automatically obtain information regarding livestock in real-time. Furthermore, infrastructural health sensors are used for monitoring material conditions and vibrations in buildings, factories, bridges, farms, and other infrastructure. Coupled with an intelligent network, infrastructural health sensors help provide information to the maintenance team in real-time. In addition, agricultural robots are being used to automate farming processes, such as soil maintenance, weeding, fruit picking, harvesting, planting, plowing, and irrigation, among others.
To sustain profits, farmers are increasingly adopting smarter and more efficient agriculture technologies to deliver high-quality products to the smart agriculture market in sufficient quantities. Mobile technology aids in offering innovative types and applications that are used across the agricultural value chain.
Machine-to-Machine (M2M) applications are particularly suited for the agricultural sector, enabling farmers to monitor equipment, assess the environmental impact on production, precisely manage livestock and crops, and keep track of tractors and other agricultural equipment. M2M is an integral part of IoT, which describes the coordination of multiple devices, appliances, and machines connected to the internet through multiple networks.
The COVID-19 pandemic has brought widespread disruption to the global supply chain, resulting in food shortages and inflation. Necessary measures are required to strengthen the food supply chain and prepare for any future crisis. The ongoing pandemic has highlighted the significance of being able to carry out agricultural operations remotely. The ability of smart agricultural practices to help farmers recoup losses in a relatively shorter lead time is expected to drive future market growth.
Smart Agriculture Market Segmentation
Grand View Research has segmented the global smart agriculture market report based on type, offering, application, and region.
Type Outlook (Revenue, USD Million, 2017 - 2030)
• Precision farming
• Livestock monitoring
• Smart greenhouse
• Others
Offering Outlook (Revenue, USD Million, 2017 - 2030)
• Hardware
o Automation & control systems
o Drones
o Application control devices
o Guidance system
o GPS
o GIS
o Remote sensing
o Handheld
o Satellite sensing
o Driverless tractors
o Mobile devices
o VRT
o Map-based
o Sensor-based
o Wireless modules
o Bluetooth technology
o Wi-Fi technology
o Zigbee technology
o RF technology
o Milking robots
o Sensing devices
o Soil sensor
o Nutrient sensor
o Moisture sensor
o Temperature sensor
o Water sensors
o Climate sensors
o Others
o HVAC system
o LED grow light
o RFID tags & readers
• Software
o Web-based
o Cloud-based
• Types
o System integration & consulting
o Maintenance & support
o Managed types
o Data types
o Analytics types
o Farm operation types
o Assisted professional types
o Supply chain management types
o Climate information types
Application Outlook (Revenue, USD Million; 2017 - 2030)
• Precision farming application
o Yield monitoring
o On-farm
o Off-farm
o Field mapping
o Crop scouting
o Weather tracking & forecasting
o Irrigation management
o Inventory management
o Farm labor management
• Livestock monitoring application
o Milk harvesting
o Breeding management
o Feeding management
o Animal comfort management
o Others
• Smart greenhouse application
o Water & fertilizer management
o HVAC management
o Yield monitoring
o Others
• Others
Regional Outlook (Revenue, USD Billion, 2017 - 2030)
• North America
o U.S.
o Canada
o Mexico
• Europe
o U.K.
o Germany
o France
o Russia
o Netherland
• Asia Pacific
o China
o Japan
o India
o Australia
o Singapore
• South America
o Brazil
• Middle East and Africa (MEA)
o Turkey
Browse through Grand View Research's Next Generation Technologies Industry Research Reports.
• The global agriculture 4.0 market was estimated at USD 67.73 billion in 2023 and is projected to grow at a CAGR of 11.6% from 2024 to 2030.
• The global AI in food & beverages market size was valued at USD 8.45 billion in 2023 and is projected to grow at a CAGR of 39.1% from 2024 to 2030.
Key Companies & Market Share Insights
Some of the key players operating in the market include Ag Leader Technology, AGCO Corporation, AgJunction, Inc., AgEagle Aerial Systems Inc., Autonomous Solutions, Inc., Argus Control Systems Ltd, BouMatic Robotic B.V., CropMetrics, CLAAS KGaA mbH, CropZilla, Deere & Company, DICKEY-john, DroneDeploy, DeLaval Inc, Farmers Edge Inc, Grownetics, Inc., Granular, Inc., Gamaya, GEA Group Aktiengesellschaft, Raven Industries, Trimble Inc., Topcon Positioning System among others.
• AGCO Corporation is a U.S.-based agriculture equipment manufacturer. The company develops and sells products and solutions such as tractors, combines, foragers, hay tools, self-propelled sprayers, smart farming technologies, seeding equipment, and tillage equipment.
• Deere & Company is engaged in the manufacturing & construction of agricultural and forestry machinery; drivetrains and diesel engines for heavy equipment; and lawn care machinery. Additionally, the company also manufactures and provides other heavy manufacturing equipment. The company serves diverse industries such as agriculture, forestry, construction, landscaping & grounds care, engines & drivetrain, government and military, and sports turf.
Prospera Technologies and Agrible, Inc. are some of the emerging market participants in the target market.
• Prospera Technologies is a global service provider of agriculture technology for managing and optimizing irrigation and crop health. The company provides AI-based sensors and cameras that aid farmers in crop monitoring.
• Agrible is a U.S.-based agriculture solution provider. The company helps customers in more than 30 countries optimize water use, crop protection, fertilization, fieldwork, research trials, food supply chains, and sustainability initiatives
Key Smart Agriculture Companies:
• Ag Leader Technology
• AGCO Corporation
• AgJunction, Inc.
• AgEagle Aerial Systems Inc.
• Autonomous Solutions, Inc.
• Argus Control Systems Ltd
• BouMatic Robotic B.V.
• CropMetrics
• CLAAS KGaA mbH
• CropZilla
• Deere & Company
• DICKEY-john
• DroneDeploy
• DeLaval Inc
• Farmers Edge Inc
• Grownetics, Inc.
• Granular, Inc.
• Gamaya
• GEA Group Aktiengesellschaft
• Raven Industries
• Trimble Inc.
• Topcon Positioning System
Recent Developments
• In July 2023, Deere & Company announced the acquisition of Smart Apply, Inc. The company planned to leverage Smart Apply’s precision spraying to assist growers in addressing the challenges associated with input costs, labor, regulatory requirements, and environmental goals.
• In May 2023, AgEagle Aerial Systems Inc. announced that it had entered into a 2-year supply agreement with Wingtra AG. This agreement is purposed to secure the supply of RedEdge-P sensor kits for incorporation with WingtraOne VTOL drones. This is specifically resourceful for those seeking to benefit materially from unparalleled, high precision, and plant-level detail in commercial agriculture, environmental research, forestry, and water management applications.
• In April 2023, AGCO Corporation announced a strategic collaboration with Hexagon, for the expansion of AGCO’s factory-fit and aftermarket guidance offerings. The new guidance system was planned to be commercialized as Fuse Guide on Valtra and Massey Ferguson tractors.
• In February 2023, Topcon Agriculture unveiled the launch of Transplanting Control, an exceptional guidance control solution for specialty farmers. This turnkey solution was designed to boost efficiency, reduce labor, and proliferate production. Further, it delivers GNSS-driven guidance, autosteering & control, thereby proving advantageous for the growers of perennial trees, vegetables, and fruits.
• In January 2023, ASI Logistics in collaboration with SICK, Inc. announced the successful implementation of autonomous yard truck operations. In this collaboration, ASI Logistics leveraged its groundbreaking Vehicle Automation Kit (VAK) along with the industry-leading LiDAR systems of SICK.
• In March 2022, Raven announced its business expansion in South Dakota and Arizona to enhance the development of AI-driven technologies for tailoring cutting-edge solutions. The strategy was also aimed at allowing access to a nearby test farm for same-day testing.
• In October 2021, BouMatic announced the acquisition of SAC Group to leverage automatic and conventional milking systems. The transaction demonstrated the company’s incessant commitment to delivering best-in-class dairy farm solutions to consumers across the world.
• In May 2021, AGCO announced a targeted spraying solutions strategic collaboration with Raven Industries Inc., BASF Digital, and Robert Bosch GmbH. The objective of this deal was to assess the targeted spraying technology for enhancing crop protection product applications by limiting crop input costs and addressing environmental sustainability.
Order a free sample PDF of the Smart Agriculture Market Intelligence Study, published by Grand View Research.
#Smart Agriculture Market#Smart Agriculture Industry#Smart Agriculture Market size#Smart Agriculture Market share#Smart Agriculture Market analysis
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Vibrating Sifter Machine Market Top Manufacturers, Global Opportunities by Regions 2032
The Reports and Insights, a leading market research company, has recently releases report titled “Vibrating Sifter Machine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Vibrating Sifter Machine 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 Vibrating Sifter Machine Market?
The vibrating sifter machine market is expected to grow at a CAGR of 5.3% during the forecast period of 2024 to 2032.
What are Vibrating Sifter Machine?
A vibrating sifter machine is a tool that segregates and categorizes materials like powders, liquids, and solids. It uses vibration to guide materials through a mesh screen, separating them based on their particle sizes. This machine's vibrating action aids in efficiently sifting and isolating materials, making it valuable in industries such as food processing, pharmaceuticals, and chemicals. Designed to boost efficiency and precision in material sorting and classification, the vibrating sifter machine enhances overall production processes.
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What are the growth prospects and trends in the Vibrating Sifter Machine industry?
The vibrating sifter machine market growth is driven by various factors. The global market for vibrating sifter machines is experiencing significant growth, primarily due to the rising demand for efficient and automated sieving equipment in industries such as food and beverage, pharmaceuticals, and chemicals. These machines are known for their high throughput, improved accuracy, and reduced downtime, which collectively enhance overall productivity. Moreover, technological advancements, such as the incorporation of sensors and digital controls, are further driving market expansion. The Asia-Pacific region is expected to lead the market, driven by rapid industrialization and the increasing adoption of automated solutions in countries like China and India. However, challenges such as high initial costs and maintenance requirements may impede market growth to some extent. Hence, all these factors contribute to vibrating sifter machine market growth
What is included in market segmentation?
The report has segmented the market into the following categories:
By Product Type:
Rotary Vibrating Sifter Machine
Circular Vibrating Sifter Machine
Linear Vibrating Sifter Machine
Tumbler Vibrating Sifter Machine
By Operation Mode:
Manual Vibrating Sifter Machine
Semi-automatic Vibrating Sifter Machine
Automatic Vibrating Sifter Machine
By End User:
Food and Beverage Industry
Pharmaceutical Industry
Chemical Industry
Mining and Metallurgy Industry
Cosmetics and Personal Care Industry
Others
By Region:
North America
Latin America
Asia Pacific
Europe
Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Russell Finex Ltd.
VibraScreener Inc.
SWECO, a business unit of M-I LLC
Kason Corporation
Gough Engineering Ltd.
Rotex Global LLC
Elcan Industries Inc.
Eversun Machinery (Henan) Co., Ltd.
Midwestern Industries Inc.
Xinxiang Dayong Vibration Equipment Co., Ltd.
Xinxiang Gaofu Machinery Co., Ltd.
Virto-Cuccolini S.r.l.
Others
View Full Report: https://www.reportsandinsights.com/report/Vibrating Sifter Machine-market
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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.
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#Vibrating Sifter Machine Market share#Vibrating Sifter Machine Market size#Vibrating Sifter Machine Market trends
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How Custom Reed Switch Sensors Improve Industrial Automation
In the realm of industrial automation reed switch based sensors ,are paramount because it has precision, reliability, and efficiency . As technology continues to evolve, custom reed switch sensors are playing an increasingly critical role in enhancing these aspects. This article delves into how custom reed switch sensors are revolutionising industrial automation, highlighting their benefits, applications, and impact on the industry.
Understanding Reed Switch Sensors
Reed switch sensors are electromagnetically devices that consist of two ferromagnetic blades sealed within a glass envelope. When exposed to a magnetic field, these blades either come together or separate, thereby opening or closing an electrical circuit. This fundamental yet robust mechanism is ideal for a wide range of industrial applications.
Benefits of Custom Reed Switch Sensors in Industrial Automation
1. Enhanced Precision and Control
Custom reed switch sensors can be tailored to meet specific operational requirements, ensuring precise control and measurement. This customisation allows for fine-tuning of sensor sensitivity and activation points, resulting in more accurate and reliable data collection and system responses. According to a study by Grand View Research, the global industrial automation market is expected to reach $296.7 billion by 2026, driven by the demand for precision and efficiency.
2. Increased Reliability and Durability
Industrial environments often expose equipment to harsh conditions, including extreme temperatures, vibrations, and corrosive substances. Custom reed switch sensors are designed to withstand these challenges, offering high durability and reliability. The Reed Switch Development Company reports that reed switch sensors can last up to 50 years, making them a cost-effective solution for long-term industrial applications.
3. Energy Efficiency
Reed switch sensors consume very little power, making them ideal for energy-efficient industrial automation systems. They only use power when switching states, which contributes to overall energy savings and reduced operational costs. This is particularly beneficial in large-scale industrial operations where energy consumption is a critical concern.
4. Compact and Versatile Design
The compact size of reed switch sensors allows for easy integration into various industrial equipment and systems. Their versatility makes them suitable for a wide range of applications, from simple position detection to complex control systems. This adaptability helps streamline the design and implementation of automated processes.
Key Applications of Custom Reed Switch Sensors in Industrial Automation
1. Position Sensing and Control
Custom reed switch sensors are extensively used for position sensing in industrial automation. They detect the presence, absence, or position of an object, providing critical data for process control and monitoring. For example, in manufacturing lines, reed switch sensors can detect the position of conveyor belts and robotic arms, ensuring precise and efficient operation.
2. Flow Measurement and Control
In fluid handling systems, custom reed switch sensors are used to monitor and control the flow of liquids and gases. These sensors can detect the flow rate and trigger valves or pumps to maintain optimal levels. The global flow sensor market, according to MarketsandMarkets, is projected to reach $8.5 billion by 2025, indicating the growing importance of accurate flow measurement in industrial processes.
3. Safety and Security Systems
Reed switch sensors play a crucial role in industrial safety and security systems. They are used to monitor the status of doors, gates, and machinery guards, ensuring they are securely closed or in the correct position. In case of unauthorized access or unsafe conditions, these sensors can trigger alarms or shutdown procedures, preventing accidents and enhancing workplace safety.
4. Environmental Monitoring
Custom reed switch sensors are also employed in environmental monitoring systems within industrial settings. They can detect changes in conditions such as temperature, humidity, and pressure, enabling real-time adjustments to maintain optimal operating environments. This capability is essential for industries like pharmaceuticals and food processing, where environmental conditions are tightly regulated.
Real-World Examples of Custom Reed Switch Sensor Applications
Automotive Manufacturing
In automotive manufacturing, custom reed switch sensors are used in assembly lines to monitor the position of parts and components. They ensure that each part is correctly positioned before proceeding to the next stage of assembly, reducing errors and improving overall production efficiency.
Chemical Processing Plants
Chemical processing plants utilize custom reed switch sensors to monitor the flow and levels of various chemicals. These sensors help maintain the correct mixture and concentration of chemicals, ensuring product quality and safety.
Packaging Industry
In the packaging industry, reed switch sensors are integrated into machinery to detect the presence of packages and containers. They ensure that each package is correctly sealed and labeled, enhancing productivity and reducing waste.
Future Trends in Custom Reed Switch Sensors for Industrial Automation
The future of custom reed switch sensors in industrial automation looks promising, with several trends poised to drive further advancements:
Integration with IoT and Industry 4.0
The integration of reed switch sensors with the Internet of Things (IoT) and Industry 4.0 technologies is set to revolutionize industrial automation. These integrations allow for real-time data collection, remote monitoring, and predictive maintenance, significantly improving efficiency and reducing downtime. A McKinsey report estimates that IoT applications could generate up to $11.1 trillion per year in economic value by 2025.
Advancements in Sensor Materials and Technology
Ongoing research and development in sensor materials and technology are leading to more sensitive, durable, and efficient reed switch sensors. These advancements will expand their application range and enhance their performance in challenging industrial environments.
Miniaturisation and Customisation
The trend towards miniaturisation and increased customisation will continue, enabling the development of even smaller and more specialised reed switch sensors. This will allow for greater flexibility in sensor placement and integration, further streamlining industrial automation processes.
Conclusion
Custom reed switch sensors offer numerous benefits for industrial automation, including enhanced precision, reliability, energy efficiency, and versatility. Their applications span a wide range of industries, from automotive manufacturing to chemical processing and environmental monitoring. As technology continues to evolve, these sensors will play an increasingly important role in driving innovation and efficiency in industrial automation.
Investing in custom reed switch sensors is not just about improving current operations; it's about preparing for the future of industrial automation. By leveraging the advantages of these sensors, industries can enhance their productivity, safety, and overall performance, staying ahead in an increasingly competitive landscape.
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Predictive Maintenance Market: Insights and Future Projections
According to a recent report by Meticulous Research®, the predictive maintenance market is on a robust growth trajectory, projected to reach $79.1 billion by 2031. This impressive growth, estimated at a compound annual growth rate (CAGR) of 30.9% from 2024 to 2031, reflects a significant shift in how industries approach asset management and maintenance.
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Key Drivers of Growth
The surge in predictive maintenance adoption is largely attributed to the need for reduced maintenance costs and enhanced asset performance. As industries continue to deploy advanced predictive maintenance solutions in complex infrastructure systems, the demand for these technologies has accelerated.
Challenges and Restraints
Despite its promising outlook, the market faces challenges. Data privacy and security concerns are significant factors that could restrain growth. Additionally, the sector is grappling with a shortage of skilled professionals, which poses a challenge to widespread implementation and innovation.
Opportunities on the Horizon
The expansion of predictive maintenance into new domains, such as healthcare devices and navigation systems, presents exciting growth opportunities. These advancements are likely to drive further market expansion and attract new players.
Emerging Trends
Recent trends in the predictive maintenance market include the integration of digital twins and augmented reality (AR). These technologies are reshaping maintenance strategies, providing more accurate predictions and interactive, real-time insights.
Market Segmentation
The predictive maintenance market is diverse, encompassing various segments:
- Offering: Includes software, hardware (sensors like vibration, temperature, pressure, acoustic, ultrasonic, and more), data acquisition systems, connectivity devices, and services (professional and managed).
- Deployment Mode: Cloud-based and on-premise solutions.
- Organization Size: Large enterprises and small to medium-sized businesses.
- Technology: Features include IoT, AI and machine learning, cloud connectivity, modern databases and ERP systems, advanced analytics, and digital twins.
- Application: Covers areas such as vibration analysis, oil analysis, acoustics monitoring, motor circuit analysis, infrared thermography, and temperature monitoring.
- End-Use Industries: Spans manufacturing, energy & utilities, automotive & transportation, aerospace & defense, oil & gas, healthcare, construction & mining, IT & telecom, among others.
- Geography: Analyzed on both country and regional levels.
Industry Competitors
The report also provides a detailed analysis of industry competitors, offering insights into the competitive landscape and strategic positioning within the market.
As the predictive maintenance market evolves, keeping abreast of these trends and developments will be crucial for stakeholders aiming to leverage opportunities and navigate challenges in this dynamic field.
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Global Top 13 Companies Accounted for 54% of total massage chair market (QYResearch, 2021)
A massage chair is a chair designed for massages. Traditional massage chairs allow easy access to the head, shoulders, and back of a massage recipient, while robotic massage chairs use electronic vibrators and motors to provide a massage.
According to the new market research report “Global massage chair Market Report 2023-2029”, published by QYResearch, the global massage chair market size is projected to reach USD 6.35 billion by 2029, at a CAGR of 8.5% during the forecast period.
Figure. Global massage chair Market Size (US$ Million), 2018-2029
Figure. Global massage chair Top 13 Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)
The global key manufacturers of massage chair include BODYFRIEND, Ogawa, OSIM, Panasonic, Fujiiryoki, Rotal, Family Inada, Daito-THRIVE, OTO Bodycare, Human Touch, etc. In 2022, the global top five players had a share approximately 54.0% 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.
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Industrial Wireless Vibration Sensors Market Analysis 2023 Dynamics, Players, Type, Applications, Trends, Regional Segmented, Outlook & Forecast till 2033
The global industrial wireless vibration sensors market is projected to reach USD 38.42 million in 2023 to USD 1136.43 million in 2033, with a CAGR of 8.9% from 2024 to 2033.
The competitive analysis of the Industrial Wireless Vibration Sensors Market include a comprehensive analysis of market trends, competitor landscape, consumer behavior, and potential opportunities. It should cover key demographics, market size, growth projections, and risk factors. The report should also highlight the methodology used for data collection and analysis, presenting findings with visual aids such as charts and graphs. Additionally, recommendations and strategic insights for stakeholders to make informed decisions are crucial. The report should be concise, well-organized, and provide actionable information for businesses aiming to navigate the market effectively.
Key Function:
A Industrial Wireless Vibration Sensors market research report serves to assess market dynamics, identify opportunities, and mitigate risks for businesses. It analyzes consumer preferences, competitor strategies, and economic trends. The report facilitates informed decision-making by presenting data on market size, growth potential, and emerging patterns. It aids in product development, pricing strategies, and market positioning. Additionally, market research reports help businesses understand their target audience, enhance marketing efforts, and optimize resource allocation. By offering actionable insights, these reports empower organizations to stay competitive, adapt to changing market conditions, and foster sustainable growth in a dynamic business environment.
Key Dynamics:
Market research reports capture vital dynamics, including market trends, competitive analysis, and consumer behavior. They reveal market size, growth projections, and regional nuances. SWOT analysis examines internal strengths and weaknesses, along with external opportunities and threats. Consumer insights delve into preferences, impacting product development and marketing strategies. The competitive landscape unveils key players, strategies, and market shares. Regulatory factors and industry challenges are explored, aiding risk assessment. Timely and accurate information empowers businesses to adapt strategies, capitalize on opportunities, and navigate challenges, ensuring informed decision-making and sustained competitiveness in dynamic markets.
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Market Segmentations:
Global Industrial Wireless Vibration Sensors Market: By Company
• Baker Hughes
• TE Connectivity
• Valmet
• Shinkawa Electric
• ABB
• Emerson
• Yokogawa
• Erbessd Instruments
• Banner Engineering
• Ifm
• SPM Instrument
• NI
• Advantech
• Fluke
• Sumyoung Tech
Global Industrial Wireless Vibration Sensors Market: By Type
• Short-range Wireless Technology
• LPWAN Technology
Global Industrial Wireless Vibration Sensors Market: By Application
• Manufacturing
• Automotive
• Energy and Power
• Oil and Gas
• Metals and Mining
• Chemicals
• Others
Regional Analysis of Global Industrial Wireless Vibration Sensors Market
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Industrial Wireless Vibration Sensors market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Purchasing a market research report is essential for businesses seeking a competitive edge. It provides in-depth insights into market trends, consumer behavior, and competitor strategies. This knowledge empowers informed decision-making, mitigates risks, and identifies growth opportunities. Market reports streamline strategic planning, enhance product development, and optimize resource allocation. For businesses entering new markets, these reports offer critical data for successful market entry. Additionally, the comprehensive analysis instills investor confidence, ensures regulatory compliance, and saves time compared to independent research efforts. Ultimately, investing in market research reports is a strategic move that enhances efficiency, minimizes uncertainties, and fosters sustainable business growth.
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Strategic Opportunities and Major Players in the Factory Automation Sensor Market Competitive Landscape and Segments
Overview and Scope
Factory automation sensors are devices used in industrial settings to detect, measure, analyze, and control various parameters and conditions within a manufacturing environment. These sensors are used in automating processes by gathering data about physical variables such as temperature, pressure, position, proximity, flow, level, and presence of objects.
Sizing and Forecast
The factory automation sensor market size has grown strongly in recent years. It will grow from $15.32 billion in 2023 to $16.49 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to a rise in automation use cases, a growing trend toward predictive maintenance, rising demand for robotics and automation, the expansion of the Internet of Things (IoT), and rising demand for electric vehicles.
The factory automation sensor market size is expected to see strong growth in the next few years. It will grow to $22.23 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%.
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Segmentation & Regional Insights
The factory automation sensor market covered in this report is segmented –
1) By Sensors Type: Temperature Sensors, Vibration Sensors, Humidity Sensors, Proximity Sensors, Pressure Sensors, Vision Sensors, Other Sensor Types
2) By Type: Contact, Noncontact
3) By Application: Manufacturing, Automotive, Chemicals, Energy And Power, Food And Beverages, Oil And Gas, Aerospace And Defense, Pharmaceuticals, Other Applications
North America was the largest region in the factory automation sensor market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the factory automation sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing demand for smart factories is expected to propel the growth of the factory automation sensor market going forward. Smart factories are manufacturing facilities integrating advanced technologies such as IoT, AI, and automation to optimize production processes. The demand for smart factories arises from increased efficiency, flexibility, and competitiveness in manufacturing, driven by the potential to optimize operations, reduce costs, and improve product quality by integrating advanced technologies such as automation, data analytics, and connectivity.
Key Industry Players
Major companies operating in the factory automation sensor market report are Robert Bosch GmbH; Siemens AG; Sony Corporation; Panasonic Corporation; Schneider Electric SE; Honeywell International Inc.; ABB Ltd.; STMicroelectronics N.V.; Infineon Technologies AG.
The factory automation sensor market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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Blood Clot Retrieval Devices Market: Dissecting the Factors Steering Growth and Potential Risks
Blood Clot Retrieval Devices Market provides in-depth analysis of the market state of Blood Clot Retrieval Devices manufacturers, including best facts and figures, overview, definition, SWOT analysis, expert opinions, and the most current global developments. The research also calculates market size, price, revenue, cost structure, gross margin, sales, and market share, as well as forecasts and growth rates. The report assists in determining the revenue earned by the selling of this report and technology across different application areas.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Blood Clot Retrieval Devices in these regions till the forecast period
North America
Middle East and Africa
Asia-Pacific
South America
Europe
Key Attentions of Blood Clot Retrieval Devices Market Report:
The report offers a comprehensive and broad perspective on the global Blood Clot Retrieval Devices Market.
The market statistics represented in different Blood Clot Retrieval Devices segments offers complete industry picture.
Market growth drivers, challenges affecting the development of Blood Clot Retrieval Devices are analyzed in detail.
The report will help in the analysis of major competitive market scenario, market dynamics of Blood Clot Retrieval Devices.
Major stakeholders, key companies Blood Clot Retrieval Devices, investment feasibility and new market entrants study is offered.
Development scope of Blood Clot Retrieval Devices in each market segment is covered in this report. The macro and micro-economic factors affecting the Blood Clot Retrieval Devices Market
Advancement is elaborated in this report. The upstream and downstream components of Blood Clot Retrieval Devices and a comprehensive value chain are explained.
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Vibration Control Systems Market Future Trends and Scope Analysis Forecast 2024-2033
Market Definition
A vibration control system is a system designed to reduce or eliminate the transmission of vibration from a source to a structure. The most common type of vibration control system is a isolation system, which isolates the source of vibration from the structure. Isolation systems can be passive or active. Passive isolation systems use materials that have a high natural frequency and a low damping coefficient to absorb vibration. Active isolation systems use sensors to detect vibration and then use active devices, such as electromagnets, to cancel out the vibration.
Market Outlook
The key trends in vibration control systems technology are miniaturization, system integration, and the use of smart materials.
Miniaturization: The trend towards miniaturization is driven by the need for ever smaller and more portable devices. This has led to the development of miniaturized vibration control systems that can be used in a variety of applications, such as mobile phones and wearable devices.
System integration: The trend towards system integration is driven by the need for ever more complex systems. This has led to the development of integrated vibration control systems that can be used in a variety of applications, such as aircraft and automotive systems.
Smart materials: The trend towards the use of smart materials is driven by the need for ever more efficient and effective vibration control systems. This has led to the development of smart materials that can be used in a variety of applications, such as buildings and bridges.
There are several key drivers of the vibration control systems market.
Firstly, the increasing awareness of the need for vibration control in various industries is fuelling the demand for these systems.
Secondly, the stringent regulations regarding vibration control in various industries is another key driver of this market.
Thirdly, the increasing adoption of smart technologies in vibration control systems is another key driver of this market.
Fourthly, the increasing construction activities around the world is another key driver of this market.
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Research Objectives
Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
Identify factors influencing market growth and challenges, opportunities, drivers and restraints
Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Market Segmentation
The Vibration Control Systems Market is segmented by system type, application, and region. By system type, the market is divided into motion control and vibration control. Based on application, it is bifurcated into automotive, aerospace & defense, manufacturing, electrical & electronics, healthcare, and others. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
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Major Players
The Vibration Control Systems Market includes players such as ContiTech AG, Lord Corporation, Resistoflex, HUTCHINSON, Fabreeka, Sentek Dynamics Inc., VICODA GmbH, Isolation Technology Inc., Trelleborg AB, and Kinetics Noise Control, Inc.
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Research Scope
Scope – Highlights, Trends, Insights. Attractiveness, Forecast
Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
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Projections and Trends in the Drone Motors Landscape | Future Market Insights,Inc.
The Drone Motors Market report, published by Future Market Insights, an organization with ESOMAR Certified Market Research and Consulting Firm, provides insights and analysis into the Drone Motors market. It outlines the scope and content of the research, covering driving factors, market size, and forecast data for Drone Motors. The report includes detailed segmentations in revenue and shipment, along with 10-year forecasts extending to 2033. Additionally, it discusses key players in the industry, their market shares, the competitive landscape, and regional insights
Drone motors systems are designed to be light, strong, balanced and efficient using as little battery power as possible. If the efficiency of the motor is more, then flying time of drone is also increased. The drone motors propellers are connected for the purpose to spin around and generating force to enable the drone to fly.
Drone propulsion systems also need to produce as little vibration as possible. Drone motors are mostly used for commercial purposes in aerial mapping, inspection, agriculture, construction, security, and surveillance. Drone motors are found in camera and payload gimbals, landing gear, flight surfaces, antenna rotators and landing gear unmanned vehicle subsystems.
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Drone motors can be classified in two types of motors, brushless and brushed motors. Both motors various set of operations. The brushed motor is less powerful for its weight than the brushless motor type. In a brushless motor type the stator is capable of generating its own magnetic field because of electric coils.
The drones have applications in clicking photographs & their video abilities are widely applied in Entertainment & Media as well as in Security Sectors. Moreover, significant technological developments are underway for producing drones with inbuilt sensors for smart operations using artificial intelligence.
Drone Motors Market: Dynamics
The requirement for Drone motors will demonstrate an ascended inclination on the drone motors prices, on the back of competitive intensity and also increased in sales of drones. Many countries are adopting drones for numerous security applications. In addition, the increase in demand for drones in various industries like oil & gas industries, agriculture, military sector, forestry for surveillance and monitoring purposes is expected to create substantial growth opportunities for the market participants operating in the drone motors market.
The rapid technological innovations are paving the way for market growth during the coming years. Furthermore, the introduction of commercialized small sized drones are game changers, gaining prominence in the power industry. The old traditional method is expensive, time-consuming and dangerous, but drones offers an alternative. Resulting in substantial increase in the demand for drone motors.
Amongst the outbreak, for monitor stringency drones are being used with which lockdowns are being executed. Therefore, it can be approximate that drone motors are adaptive in pandemic. Moreover, in minor and logistics companies the eclipse of drone motors kits is rapidly increasing in order to provide quick delivery to the consumers. The demand for the drone motors this will be reinforced.
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Berry Harvester Market Trends and Challenges, Supporting Growth 2032
The Reports and Insights, a leading market research company, has recently releases report titled “Berry Harvester Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Berry Harvester Market Size share, 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 Berry Harvester Market?
The global berry harvester market size reached US$ 81.2 million in 2023. Looking forward, Reports and Insights expects the market to reach US$ 102.3 million in 2032, exhibiting a growth rate (CAGR) of 2.6% during 2024-2032.
What are Berry Harvester?
A berry harvester is a specialized agricultural device crafted to effectively collect berries, including strawberries, blueberries, and raspberries, from fields or bushes. These machines employ different mechanisms, such as rotating or vibrating rods, to delicately detach the berries from the plant while limiting harm. Certain harvesters are also furnished with sorting and cleaning systems to eliminate debris and leaves from the gathered berries. Berry harvesters substantially decrease the labor needed for berry picking, making them indispensable for commercial berry farming endeavors.
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What are the growth prospects and trends in the Berry Harvester industry?
The berry harvesters market growth is driven by various factors. The market for berry harvesters is on a steady rise, driven by the increasing demand for efficient and cost-effective harvesting solutions in agriculture. Factors such as labor shortages, rising costs of labor, and the need for higher productivity are fueling the global adoption of berry harvesters. Technological advancements in harvesting equipment, including enhanced sensors, automated systems, and improved sorting capabilities, are also contributing to market growth. Moreover, the growing popularity of berries in the food and beverage industry and the expansion of berry cultivation in emerging markets are expected to create attractive opportunities for businesses operating in the berry harvester market. Hence, all these factors contribute to berry harvesters market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
By Type:
Self-propelled berry harvesters
Tractor-mounted berry harvesters
Handheld berry harvesters
By Harvesting Mechanism:
Shakers
Strippers
Vacuum suction
By Harvesting Capacity:
Small-scale berry harvesters
Medium-scale berry harvesters
Large-scale berry harvesters
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
Who are the key players operating in the industry?
The report covers the major market players including:
Oxbo International Corporation
Littau Harvester
BEI International LLC
ERO-Gerätebau GmbH
Pellenc Group
Gregoire SAS
KOKAN 500 d.o.o.
Bogaerts Greenhouse Logistics
MaqTec BV
Redekop Manufacturing Co.
Nairn Strawberry Services Ltd.
Jack Rabbit Equipment Ltd.
Double L Group, Ltd.
Simon Group Holdings
The Berry Hill Limited
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Automotive semiconductor effort builds momentum - Technology Org
New Post has been published on https://thedigitalinsider.com/automotive-semiconductor-effort-builds-momentum-technology-org/
Automotive semiconductor effort builds momentum - Technology Org
In a step that will enable the University of Michigan researchers to collaborate closely with one of the world’s largest semiconductor research institutes, Belgium-based Imec has announced plans to establish a local presence in Ann Arbor.
This represents another step forward for a broad, Michigan-based effort to lead the development of semiconductors for the auto sector.
Imec noted the development as part of a broader U.S. expansion announcement late last week, released in conjunction with a visit to the Midwest, including U-M, with Flemish Minister-President Jan Jambon.
Imec’s Michigan presence will be designed to help propel the Michigan Semiconductor Talent and Automotive Research (STAR) initiative, led by a founding consortium that includes U-M, semiconductor company KLA, Imec, the Michigan Economic Development Corp., Washtenaw Community College and General Motors. STAR is part of a broader memorandum of understanding announced in May.
In November, the Michigan legislature approved $10 million to assist in moving STAR forward.
“The University of Michigan’s collaboration with Imec brings the automotive and semiconductor industries together at an important time and place. To fulfil the most revolutionary promises of advanced mobility, we need to develop more reliable, energy-efficient and powerful semiconductor solutions that are tailored for tomorrow’s transportation,” said U-M President Santa Ono.
“We’re grateful to Imec for catalyzing this effort and excited to lend our decades of research and educational expertise to moving it forward.”
For nearly 50 years, automakers have been increasingly embracing electronics to improve vehicle performance, efficiency, safety, comfort and convenience. Mass-market semiconductors have done the jobs—as long as they were available. The global chip shortage illuminated not only the demands of today, but also critical needs on the horizon for specialty semiconductors to enable next-generation autonomous, connected and electric mobility technology.
Essentially, tomorrow’s automotive industry needs high-performance computing platforms that can operate in vehicles. They need ultra efficient, fast chips that are capable of running on a battery and processing a vast volume and velocity of data from dozens or even hundreds of sensors in real time.
To enable self-driving decisions and support true autonomy, next-gen architectures and algorithms must be able to seamlessly sense and compute not only on the fly, but on the vehicle rather than in the cloud.
Effective vehicle-to-vehicle and vehicle-to-everything (or V2X) connectivity requires rapid communication and robust data protection to maintain security and privacy. And modular “chiplet” systems could offer customization, but with enough flexibility to avoid supply chain kinks.
“The innovation needs of the automotive industry present a completely new set of opportunities for the semiconductor community. After smartphones and wearables, automotive is positioned to become the next computing platform,” said Valeria Bertacco, the Mary Lou Dorf Collegiate Professor of Computer Science and Engineering at U-M and leader of the Michigan Advanced Vision for Education and Research in Integrated Circuits, or MAVERIC, collaborative.
“The auto industry needs advances such as high performance, extremely low power computation, and AI acceleration on board vehicles—comparable to running a data center on a battery. It needs devices and circuits that offer high reliability on a much longer time horizon than traditional systems, and can sustain extreme temperatures and high vibration. It’s clear the automotive platform will drive innovation for the next decade, and provide opportunities for new industry players.”
Source: University of Michigan
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Predictive Maintenance Market 2023: Industry Sees Promising Growth by 2027
According to the report published by Allied Market Research, The Predictive Maintenance Market 2023: Industry Sees Promising Growth by 2027. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers valuable able guidance to leading players, investors, shareholders, and startups in devising strategies for sustainable growth and gaining a competitive edge in the market.
Increase in investment on predictive maintenance and surge in need to extend lifetime of aging assets drive the growth of the global predictive maintenance market. On the other hand, lack of skilled staff and several data privacy & security concerns impede the growth to some extent. However, integration of predictive maintenance with IIoT, use of machine learning, rise in the drift of real-time condition monitoring to assist in taking prompt actions, and increase in need for remote monitoring are expected to create lucrative opportunities in the industry.
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The global predictive maintenance market size was valued at USD 4,331.56 million in 2019, and is projected to reach USD 31,965.49 million by 2027, growing at a CAGR of 28.8% from 2020 to 2027.
The global predictive maintenance market is segmented on the basis of component, deployment, technique, stakeholder, industry vertical, and region. By component, it is bifurcated into solution and service. According to deployment, it is classified into cloud and on-premise. Further, by technique, it is divided into vibration monitoring, electrical testing, oil analysis, ultrasonic leak detectors, shock pulse, infrared, and others. By stakeholder, it is classified into MRO, OEM/ODM, and technology integrators. On the basis of industry vertical, it is classified into manufacturing, energy & utilities, aerospace & defense, transportation & logistics, government, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Based on component, the solution segment accounted for more than two-thirds of the global predictive maintenance market share in 2019 and is anticipated to retain its dominance by 2027. Companies are looking for all-inclusive development solutions which integrate hardware sensor board and software environment created precisely for predictive maintenance requirements, which drives the segment growth. The services segment, on the other hand, would register the fastest CAGR OF 31.4% from 2020 to 2027. This is attributed to the fact that companies are trying to achieve profit by implanting predictive analytics into their products and offering better maintenance services.
Based on technique, the vibration monitoring segment contributed to nearly one-fourth of the global predictive maintenance market revenue in 2019 and is projected to dominate by the end of 2027. The need for parts to be ordered more effectively increases the demand for this technique, thereby boosting the segment growth. Simultaneously, the shock pulse segment would manifest the fastest CAGR of 31.4% throughout the forecast period. Shock pulse technique specializes in defining precise information on the mechanical condition of the bearing surfaces along with the state of lubrication on the bearing. This factor drives the growth of the segment.
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Based on region, North America held the major share in 2019, garnering more than one-third of the global predictive maintenance market, owing to the presence of a large number of solution and service vendors in this region. At the same time, the market across Asia-Pacific would cite the fastest CAGR of 30.3% from 2020 to 2027, due to rapid industrialization in this province.
The key players operating in the global predictive maintenance market analysis include IBM Corporations; Microsoft; SAP SE; General Electric; Schneider Electric; Hitachi; PTC; Software AG; SAS; Engineering Consultants Group, Inc.; Expert Microsystems, Inc.; SparkCognition; C3.Ai; Uptake Technologies Inc.; Fiix Inc.; Operational Excellence (Opex) Group Ltd, TIBCO Software Inc.; Asystom; Reliability Solutions Sp. zo.o. and Sigma Industrial Precision.
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Impact of Covid-19 on Predictive Maintenance Market:
Shortage of employees, disrupted supply chain, and increase in demand for various goods during the pandemic prompted organizations to take special care of their manufacturing equipment to escalate the output. This, in turn, led to a rise in demand for predictive maintenance solutions across the globe.
Many enterprises have started using smart sensors, artificial intelligence systems, and other IIoT solutions to keep a tab on the efficiency of vital machinery used in their
manufacturing procedure to evade costly production downtimes.
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Sensor Bearing Market Growing High CAGR During 2023-29
According to Precision Business Insights, the global Sensor Bearing Market is poised to grow at a significant CAGR of 5.5% during forecast period 2023-2029
The global sensor bearing market size was valued at USD 6.62 billion in 2022 and is poised to grow at a significant CAGR of 5.5% during the forecast period 2023-29. It also includes market size and projection estimations for each of the five major regions from 2023 to 2029. The research report includes historical data, trending features, and market growth estimates for the future. Furthermore, the study includes a global and regional estimation and further split by nations and categories within each region. The research also includes factors and barriers to the sensor bearing market growth, as well as their impact on the market's future growth. The report gives a comprehensive overview of both primary and secondary data.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/global-sensor-bearing-market
The global sensor bearing market segmentation:
1) By Functionality : Displacement, Speed, Temperature, Vibration and Others.
2) By Application : Anti-lock Brake Systems (ABS), Electric Motors, Material Handling Equipment and Others.
3) By End User : Aerospace & Defense, Automotive, Metal & Mining, Oil & Gas, Transportation and Others.
The primary factors of the sensor bearing market drivers are the increasing demand for bearings with longer service life, higher efficiency, and lower maintenance requirements. The sensor bearing market report helps to provide the best results for business enhancement and business growth. It further helps to obtain the reactions of consumers to a novel product or service. It becomes possible for business players to take action for changing perceptions. It uncovers and identifies potential issues of the customers. It becomes easy to obtain the reactions of the customers to a novel product or service. It also enlightens further advancement, so it suits its intended market.
The sensor bearing marketresearchreport gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific was the largest region in the sensor bearing market report, accounting for the highest share in 2022. It was followed by Asia Pacific, and then the other regions.
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The important profiles and strategies adopted by sensor bearing market key players are Timken (US), NSK Corporation (Japan), Schaeffler Technologies AG & Co. KG (Germany), NTN Corporation (Japan), Nachi Europe GmbH (Germany), Mageba SA (Switzerland), JTEKT Corporation (Japan), Fersa Bearing SA (Spain), BRTEC (China), ABB Group (Switzerland), SKF (Sweden), covered here to help them in strengthening their place in the market.
About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.
Precision Business Insights offers a variety of cost-effective and customized research services to meet research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.
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