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Is the eVTOL market dead? We take a high-level look

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Here at RoboticsAndAutomationNews.com Towers, we love to let readers know about completely new technologies that are opening up entirely new and unpredicted markets – or at least ones we hadn’t thought about here.

I mean, things like the electric vertical take-off and landing aircraft (eVTOLs) – small, light aircraft about the size of a car designed to carry around four passengers over short distances. eVOTLs have been subject of much hype over the past few years.

We’ve been part of that hype in the sense that we have covered the market extensively even though, strictly speaking, it probably doesn’t come within our subject area of robotics and automation – we have to stretch the meaning somewhat anyway. [Read more…] about Is the eVTOL market dead? We take a high-level look

Ports predicted to drive autonomous crane market past $6 billion by 2030

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Ports are receiving significant investment to both optimize and automate daily operations.

According to global technology intelligence firm ABI Research, revenues for autonomous cranes in ports will surpass $6 billion globally by 2030, with Asia-Pacific (APAC) taking up over half of the market.

Ryan Wiggin, senior analyst at ABI Research, says: “The adoption of advanced technologies in port operations continues to grow in all regions but does vary based on infrastructure maturity and union resistance. [Read more…] about Ports predicted to drive autonomous crane market past $6 billion by 2030

Drone market forecast to grow to $123 billion by 2030

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The drone economy is set to soar, with unprecedented growth on the horizon. According to global intelligence firm ABI Research, civil and commercial applications of Small Unmanned Aerial Systems (sUAS), aka drones, will expand dramatically, rising from just 8 percent to an impressive 32 percent of the total market by 2030.

In this timeframe, annual drone shipments will more than double from 1.5 million units in 2024 to 3.32 million, fueling an ecosystem poised to quadruple in value.

By the decade’s end, the sector will generate $123 billion in annual revenue, marking a transformative shift in the commercial and civil drone landscape. [Read more…] about Drone market forecast to grow to $123 billion by 2030

Global semiconductor manufacturing industry sees ‘strong growth’

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The global semiconductor manufacturing industry in the third quarter of 2024 showed “strong” momentum with all key industry indicators performing positive quarter-on-quarter (QoQ) increases for the first time in two years.

The findings are reported in SEMI’s Q3 2024 publication of the Semiconductor Manufacturing Monitor (SMM) Report, prepared in partnership with TechInsights.

The growth is fueled by seasonal factors and strong demand from investments in AI data centers, however, the consumer, automotive, and industrial segments are experiencing a slower pace of recovery. The growth trend is expected to continue into the fourth quarter of 2024. [Read more…] about Global semiconductor manufacturing industry sees ‘strong growth’

Top Robotics and Automation Stocks to Watch in 2024: A Guide for Tech Investors

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The robotics and automation sector is exploding with potential. Industries everywhere – from manufacturing to healthcare – are embracing robots and automation to streamline processes, cut costs, and boost productivity.

For investors, this wave of tech-driven change means opportunities to tap into growth.

But with so many options, finding the right stocks can be a challenge.

[Read more…] about Top Robotics and Automation Stocks to Watch in 2024: A Guide for Tech Investors

What a Healthcare Entrepreneur Needs to Consider When Entering the Market

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A healthcare entrepreneur entering the market in 2024 is up against a lot of innovation. Becoming part of that trend is the goal, but that won’t be possible without some careful research and consideration.

You need to know what you’re getting into, how your product or service will stack up, and be aware of what a patient base will come to know you for.

Medical businesses are subject to strict regulations no matter what sector they’re in or who they serve. But beyond that, the owner of this kind of business needs to have their eye on the unsaid rules too. [Read more…] about What a Healthcare Entrepreneur Needs to Consider When Entering the Market

Kivnon and ProLog Automation partner to expand German AGV market

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Kivnon, a provider of automated guided vehicles (AGVs) and intralogistics solutions, has agreed a strategic partnership with ProLog Automation to accelerate the deployment of AGV solutions in the German market.

This collaboration establishes ProLog Automation as Kivnon’s key partner for AGV projects and services in Germany.

By leveraging Kivnon’s AGV technology and ProLog’s local expertise, the partnership aims to help companies unlock next generation efficiency and competitiveness. [Read more…] about Kivnon and ProLog Automation partner to expand German AGV market

Robot orders in North America ‘down 8 percent in first half of 2024’

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The North American robotics market saw a decline in both units ordered (down 7.9 percent to 15,705 units) and revenue (down 6.8 percent to $982.83 million) during the first half of 2024 compared to the same period in 2023.

Despite some bright spots in specific industries, the overall performance reflected in the latest report from the Association for Advancing Automation (A3) shows a pullback in robotics investments across key areas, influenced by ongoing economic headwinds faced by North American manufacturers during the first six months of 2024.

Jeff Burnstein, president, A3, says: “Rising inflation and borrowing costs have dampened spending on robotics, with many companies opting to delay major investments. [Read more…] about Robot orders in North America ‘down 8 percent in first half of 2024’

Why Partnering with a Leading Dubai Elevator Company is Crucial for Your Next Project

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Guided by an invisible hand, Dubai’s real estate market has been going from strength to strength ever since the pandemic.

Projects are selling like hot cakes, since the emirate has a reputation for being a safe haven to people from across the globe.

With the deluge of developments, and the competition to offer the finest in luxury living, developers are sourcing the best materials, amenities and furnishings for their projects.

[Read more…] about Why Partnering with a Leading Dubai Elevator Company is Crucial for Your Next Project

Enthusiasm ‘high’ for SPS as international firms pursue Chinese market growth

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Advancing rapidly in both capability and application, intelligent manufacturing technologies have become increasingly important enablers of China’s ongoing industrial transformation.

For years, SPS – Smart Production Solutions has contributed to the industry’s development. The event has grown into a leading showcase platform for next-generation automation solutions, expanding its influence beyond South China into the wider Southeast Asian market.

In 2025, it will once again bring together top brands from the domestic and international markets to present their latest advancements in intelligent manufacturing and accelerate the industry’s technological development. [Read more…] about Enthusiasm ‘high’ for SPS as international firms pursue Chinese market growth