Tag: globaldata
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Robotics market will be worth $218 billion by 2030, forecasts GlobalData
There are already well over 3 million industrial robots installed worldwide, and the pace of installation is increasing rapidly. Use cases are proliferating from shelf stacking to cleaning to manufacturing. Robots are increasingly important as many countries struggle with labor shortages and aging populations. Against this backdrop, the robotics market is forecast to reach $218…
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Toyota and Daimler partner to advance autonomous truck technologies in Japan
Following the news that Daimler Truck and Toyota have entered into a partnership to combine their truck businesses in Japan, Varshini Shetty, automotive analyst at GlobalData, offers her view. Shetty says: “To accelerate the development and manufacture of CASE (Connected / Autonomous & Automated / Shared / Electric) technology and hydrogen vehicles, many businesses are…
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Autonomous vehicle development will be stalled by technological and regulatory barriers, says report
Autonomous vehicles are currently more hype than substance, given the significant technological, financial, and regulatory barriers to their widespread use, according to GlobalData. In its latest report, Tech, Media, & Telecom Predictions 2022, the data and analytics company predicts that focus will shift onto “lower-level” autonomous vehicles that require greater human supervision, while mergers and…
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Autonomous vehicles ranked among top 10 innovations attracting investment
The convergence of automotive and technology industries is accelerating the pace of innovation in the mobility and transportation sectors, leading to a surge in patent grants relevant to autonomous vehicles while also attracting venture capital investors’ interest in the area. GlobalData, a leading data and analytics company, has ranked autonomous vehicles among the top 10…
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Urban air taxi solutions will revolutionize mobility industry, says GlobalData
The race to develop urban air mobility (UAM) solutions has gathered momentum over the past few years even though the concept has been around for decades. UAM, in particular electric vertical take-off and landing (eVTOL), has potential benefits such as easing traffic congestion and enables efficient passenger and cargo transportation, says GlobalData, a data and…
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Hyundai’s acquisition of Boston Dynamics can reinforce its position in smart mobility, says GlobalData
Hyundai Motor Group has agreed to acquire approximately 80 percent stake in American engineering and robotics design company Boston Dynamics from SoftBank Group for $1.1bn. The move can fuel Hyundai’s long-term goal to become a smart mobility solutions provider by leveraging Boston Dynamics’ robots such as bipedal and quadruped equipped with 3D vision, navigation and…
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3D printing moving into mainstream manufacturing, says GlobalData
3D printing technology is slowly cementing its role as a key part of the manufacturing mix, continuing its journey towards industry 4.0. It has already lowered the barriers to entry for manufacturing, allowing enterprises across many industries to respond to customer demands while offering greater customization of products and speed to market, says GlobalData, a…
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Industrial automation is ‘paying the price for failing to think big and invest bigger’
The industrial automation sector is “paying the price for failing to think big and invest bigger”, according to a report by GlobalData. The industrial automation sector was not in a great place before Covid-19 struck, having been slowed by flat capital expenditure and declining industrial production, says GlobalData, a leading data and analytics company. The…
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Automotive manufacturers need digital transformation to survive disruption
Automotive manufacturers need to accelerate digital transformation initiatives in order to survive disruption, according to analysis by GlobalData. From automation and seamless connectivity to personalization, digital technologies are putting the automotive industry in a state of disruptive transition. Against this backdrop, auto manufacturers need to explore new digital solutions across the value chain to conceive…