Automation Trend Reports – Weekly Updates – [08.07.24 – 12.07.24] – warungku – Warungku Terkini

Automation Trend Reports – Weekly Updates – [08.07.24 – 12.07.24]

The latest pertinent market trend reports for the industrial automation industry.

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Camera SOC Market Size to Grow USD 3016.6 Million by 2029 at a CAGR of 8.5% | Valuates Reports

 

Camera SOC Market is Segmented by Type (1080P, 2K, 4K, 8K), by Application (Automotive Camera, Action Camera, Panoramic Camera, IP Camera): Global Opportunity Analysis and Industry Forecast, 2023-2029.

Global Camera SOC market is projected to reach USD 3016.6 Million in 2029, increasing from USD 1733 Million in 2022, with a CAGR of 8.5% during the period of 2023 to 2029.

 

Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-6B15604/Global_Camera_SOC_Market

 

Major Factors Driving the Growth of Camera SOC Market:

The market for camera System-on-Chip (SoC) is expanding significantly as a result of the growing integration of cameras in a variety of consumer electronics, including as tablets, smartphones, and smart home appliances. Camera SoCs improve speed and save power by combining many functions, including image processing, on a single chip. The need for improved camera SoCs is being driven by the emergence of social media and the rising popularity of high-resolution photography and video recording. The expansion of surveillance cameras in security applications and the automotive industry’s embrace of camera-based driver assistance systems are also driving market growth.

 

TRENDS INFLUENCING THE GROWTH OF THE CAMERA SOC MARKET:

The market for Camera SoCs is expanding as a result of IP cameras adopting 1080p resolution, which improves picture quality and detail—a critical component for surveillance and security applications. Better identification and monitoring are made possible by the sharper footage produced by high-definition 1080p cameras. Because home and business security systems depend on this enhanced picture quality, there is a growing need for sophisticated Camera SoCs that can handle these kinds of high resolutions. The need for higher-end surveillance capabilities is driving growth in the market for Camera SoCs that support 1080p resolution.

The market for Camera SoCs is expanding due to the emergence of 2K and 4K resolutions, which are raising the bar for picture quality in a number of applications such as consumer electronics, security, and professional video production. These higher resolutions are very desirable for capturing tiny details and enhancing overall visual experiences since they provide noticeably improved image clarity and detail when compared to normal HD. Advanced SoCs with effective data processing and transmission capabilities are required due to the growing popularity of 2K and 4K cameras. The market is growing because of this need, which drives the creation and commercialization of advanced Camera SoCs.

 

The growth of the Camera SoC market is primarily driven by automotive cameras, which play a crucial role in advanced driver assistance systems (ADAS) and autonomous driving technologies. To interpret real-time video data for applications like lane departure alerts, accident avoidance, and parking assistance, these cameras need high-performance SoCs. The need for strong Camera SoCs is rising as cameras are being integrated into cars more and more to improve safety and allow for autonomous functions. The market for Camera SoCs in automotive applications is growing significantly as the sector prioritizes safety features and keeps innovating.

Any further significant element propelling the growth of the Camera SoC market is the proliferation of security and surveillance systems. The installation of surveillance cameras has increased dramatically as a result of the growing need for reliable security solutions in the public, commercial, and residential domains. For monitoring and security applications, these systems need to provide crisp, dependable footage, which can only be provided by high-quality Camera SoCs. The market for Camera SoC is being driven ahead by the increased emphasis on property security, criminal prevention, and public safety, which is driving up demand for sophisticated surveillance cameras.

The market for Camera SoC is expanding at a substantial rate thanks in part to the proliferation of smart home appliances. The increased customer interest in home automation and security is driving the popularity of smart home security systems, baby monitors, and doorbell cameras. For these devices to provide flawless connection and high-quality video streaming, Camera SoCs must be dependable and effective. Sophisticated Camera SoCs are being developed and used at a faster rate due to the growing need for superior camera technology incorporated into smart home devices.

The market for Camera SoC is expanding as a result of the widespread use of drones for delivery services, photography, videography, and surveillance. Drones need small, light, and powerful camera systems that can record and take excellent pictures. For drones to handle visual data effectively, advanced camera SoCs are necessary. The market is growing as a result of the increasing usage of drones in many sectors and the resulting demand for high-performance Camera SoCs to improve imaging capabilities.

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Warehouse Robotics Market to Exceed USD 16.45 Billion by 2031 Amid e-Commerce Growth and Labor Shortage | SkyQuest Technology

 

According to SkyQuest, the global Warehouse Robotics Market size was valued at USD 5.39 billion in 2022 and is projected to grow from USD 6.10 billion in 2023 to USD 16.45 billion by 2031, exhibiting a CAGR of 13.2% during the forecast period. (2024–2031).

Robotic technologies designed specifically for use in warehouses are known as warehouse robotics. Labor shortages, a dearth of skilled labor, and high demand for efficient warehousing solutions are projected to be key factors driving warehouse robotics market growth over the coming years. The rapid growth of the e-commerce industry is also creating a high demand for warehouse robotics.  The global warehouse robotics market is segmented into type, function, payload capacity, industry, and region.

 

Download a detailed overview:

https://www.skyquestt.com/sample-request/warehouse-robotics-market

 

Key Market Opportunities

e-Commerce industry forecasted to boost sales of warehouse robotics

 

Key Market Drivers

High use of warehouse robotics for goods transportation application drives market growth

 

Segments covered in Warehouse Robotics Market are as follows:

Type

Autonomous Mobile Robots (AMRs), Automated Guided Vehicles (AGVs), Articulated Robots, Cylindrical & SCARA Robots, COBOTS, Others

Function

Pick & Place, Palletizing & De-palletizing, Transportation, and Packaging

Payload Capacity

Less than 20kg, 20-100kg, 100-200kg, Greater than 200kg

Application

Automotive, Semiconductor & Electronics, Chemical, E-Commerce & 3PL, Food & Beverage, Healthcare, Metals & Heavy Machinery, others

 

Automated Guided Vehicles Guiding Global Warehouse Robotics Demand Outlook

Automated guided vehicles (AGVs) are responsible for streamlining the movement of goods in a warehouse in the most effective way possible thereby reducing the need for labor and extra expenses. This warehouse robotics system employs advanced technologies like artificial intelligence and machine vision to determine the best paths, maximizing efficiency. These systems can manage heavy loads and offer greater flexibility and scalability than other warehouse robotics solutions.

Progress in robotics and the emergence of autonomous technologies are expected to drive the demand for autonomous mobile robots in the future. The increase in adoption of latest technologies and the growing implementation of smart automation in warehouses are augmenting the demand for autonomous mobile robots, thereby promoting market growth in future.

 

E-Commerce Remains the Top Industry for Warehouse Robotics Sales

Rapid digitization and the growing popularity of online sales channels have led to robust growth in the e-commerce industry. A high number of orders processed through e-commerce, growing demand for faster deliveries, and increasing popularity of same-day deliveries are all helping this sub-segment maintain a high market share. The use of automated warehouses by e-commerce giants such as Alibaba and Amazon are also estimated to create new opportunities for warehouse robotics providers across the forecast period and beyond.

 

Key Role of Warehouse Robotics Continues to be Transportation.

Efficiently moving goods within a warehouse is essential for their smooth operation. Consequently, companies specializing in warehouse robotics are focusing on creating robots that enhance transportation efficiency within warehouses. This also helps warehousing companies reduce the need for transportation equipment and skilled labor to operate the same. The growing adoption of robotics and automation in the logistics industry is also helping the transport function sub-segment to hold prominence in the global warehouse robotics market.

The new warehouse robots are much more capable and functional due to advancements in robotics technology. Pick and place robots are projected to witness a robust hike in demand across the forecast period as warehousing companies focus on resource optimization and profit maximization. Pick and place robots are vital in order fulfilment and replenishment as demand for same-day delivery increases worldwide.

Warehouse robotics providers can invest in almost any segment to get good returns but they should target the e-commerce industry if they want to make it in this market.  Warehouse robotics companies should invest in the development of products with better pick and place functionality to boost their sales in the future. Integration of advanced technologies will be a key trend for established as well as incoming warehouse robotics providers in the long run.

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Building Information Modeling Market worth $14.8 billion by 2029 – Exclusive Report by MarketsandMarkets

The report Building Information Modeling Market is projected to reach from USD 8.0 billion in 2024 to USD 14.8 billion by 2029; it is expected to grow at a CAGR of 13.1% from 2024 to 2029 according to a new report by MarketsandMarkets. The increasing demand for BIM solutions is attributed to advanced sustainability with BIM and rapid rise in urbanization globally.

 

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=95037387

 

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

 

Segments Covered

By Offering, Deployment Type, Project lifecycle, End User, Application and Region

 

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

 

Key Market Challenge

Complying with BIM standards across multiple geographies

 

Key Market Opportunities

Integration of VR and AR technologies with BIM solutions

 

Key Market Drivers

Enables building management systems and facility management systems

 

By Offering Type: Service segment is projected to grow at the highest CAGR during the forecast period.

BIM as a Service (BIMaaS) allows for real-time access to BIM models and data via internet connectivity, facilitating enhanced collaboration among project teams, stakeholders, and partners irrespective of their geographic locations. This accessibility fosters seamless communication and decision-making across distributed teams. Moreover, BIMaaS providers offer customizable services tailored to meet specific project needs, including capabilities such as 3D modeling, clash detection, scheduling, cost estimation, and facility management. This flexibility empowers organizations to choose and pay for precisely the services required, optimizing resource allocation and budget management effectively.

 

By Project lifecycle: Preconstruction to account for the highest CAGR during the forecast period.

The pre-construction segment holds the largest market share in the building information modeling (BIM) market. Utilizing BIM during the pre-construction phase can increase construction speed and lower costs, as well as decrease on-site rework and material waste, contributing to environmental sustainability. By identifying and addressing clashes and issues before construction starts, BIM helps ensure a smoother and more efficient construction process.

 

By Deployment Type: The cloud-based BIM solutions is projected to register the highest CAGR during the forecast period.

Cloud-based BIM solutions integrate effortlessly with other cloud-based tools and services, such as project management software, data analytics platforms, and IoT devices. This integration boosts the overall functionality and efficiency of BIM workflows. Additionally, cloud service providers manage software updates, maintenance, and security patches, ensuring users always have access to the latest features and improvements without requiring manual intervention.

 

By Region: North America to hold larger market share in 2023.

North America holds a significant share in the building information modeling (BIM) industry, with the market encompassing the US, Canada, and Mexico. Leading companies driving this market include Autodesk Inc., Bentley Systems, Trimble Inc., Procore Technologies, Inc.  The US is expected to lead the BIM market in North America. It hosts several tier 1 companies and is at the forefront of adopting advanced digital systems within the infrastructure sector. This leadership position underscores the region’s robust adoption of BIM technologies across various construction and engineering projects.

 

Key Players

The major players in the building information modeling companies include Autodesk Inc. (US), Nemetschek Group (Germany), Bentley Systems, Incorporated (US), Trimble Inc. (US), Dassault Systèmes (France).

 

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=95037387

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Artificial Intelligence of Things (AIoT) Market: Edge Solutions and Embedded AI Set to Surpass USD 495.09 Billion by 2031 | SkyQuest Technology

 

According to SkyQuest, the global Artificial Intelligence of Things (AIoT) Market size was valued at USD 65.50 billion in 2022 and is poised to grow from USD 82.01 billion in 2023 to USD 495.09 billion by 2031, growing at a CAGR of 25.2% during the forecast period (2024-2031).

 

The increasing need for IoT with embedded AI technologies to enhance an organization’s dynamic course and acceptance of edge investigation arrangements is predicted to fuel market growth. AIoT features including information analysis, continuous navigation, large-scale data analysis, and intelligent model management are also expected to boost the market. It is projected that throughout the fictitious time frame, growing industry usage of devices connected with AI technology will open revenue prospects for arrangement suppliers. The potential growth of the market may be restricted when companies lack skilled staff members that will help in making the modern cycle more efficient and developing Artificial Intelligence of Things (AIoT) applications in it.

 

Download a detailed overview: https://www.skyquestt.com/sample-request/artificial-intelligence-of-things-market

 

Key Market Drivers

Segments covered in Artificial Intelligence Of Things (AIoT) Market are as follows:

 

Offering

Hardware, software, services

Technology

Machine learning, natural language processing (NLP), generative ai, robotics, computer vision, autonomous, sensor technology

Application

Real-time machinery condition monitoring, supply chain management, predictive maintenance, inventory management, energy consumption management, others

Industry Vertical

BFSI, manufacturing, healthcare, automotive, retail, transportation & logistics, others

Request Free Customization of this report:

 

https://www.skyquestt.com/speak-with-analyst/artificial-intelligence-of-things-market

 

Integrated AIoT Solutions for Real-Time Insights and Intelligent Decision-Making

The global AIoT market offers integrated solutions that combine AI technologies with IoT devices. Real-time data processing, AI-driven analytics and intelligent decision-making models designed for various industry applications are part of it. It is important to have them mainly due to increase efficiency, enabling predictive maintenance, as well as fostering creativity in several sectors that together facilitate growth in market share and a competitive edge.

In several industries, Software components are important in increasing the operational efficiency and permitting the use of innovative business plans. Services provided includes Real-time analytics, predictive insights as well as autonomous decision making. Software has a significant function in ensuring enhanced data processing, operational agility and actionable insights by ensuring that AI capabilities integrate well with IoT devices.

The services allow smooth integration of AI with IoT infrastructure so that it can be tailored to meet industry-specific requirements. With their knowledgeable guidance and ongoing support, they assist organizations in the optimization of AIoT implementations, operational efficiency improvement and stimulation of innovation. They play an important role in providing expert knowledge required in running AIoT based solutions, handling operationalization and integration problems.

 

AIoT’s Impact on Operational Efficiency and Predictive Maintenance in Manufacturing and Beyond

The market’s included sectors, which include manufacturing, healthcare, automotive, and agriculture, use AIoT to boost customer experiences through data-driven insights, predict maintenance, and increase operational efficiency. Adoption of AIoT technology creates use cases that support the viability and efficacy of AI-integrated IoT solutions across a range of industries, as well as drives technological improvements and market growth.

By combining AI with IoT devices for quality control, predictive maintenance, and real-time monitoring, AIoT improves operational efficiency in manufacturing. As one of the key industries embracing AIoT, manufacturing propels developments in supply chain management, industrial automation, and product quality control. Its use of AIoT technology raises productivity, speeds up digital transformation, and establishes standards for sustainability and efficiency across international businesses.

AIoT shows great promise to change healthcare delivery and improve patient experiences internationally. It increases hospital operating efficiencies, improves patient outcomes, and lowers healthcare expenditures. AI’s critical role in raising healthcare standards globally is highlighted by its integration with IoT devices in the healthcare industry, which not only increases efficiency but also stimulates innovation in precision medicine and medical research.

 

Elevating Industry Horizons by AIoT’s Strategic Impact on Operational Efficiency and Innovation

The convergence of AI and IoT, or AIoT, is a game-changer in several industries, including manufacturing, healthcare, agriculture, and the automotive sector. Through intelligent decision-making, predictive maintenance, and real-time data processing, this synergy improves operational efficiencies. By streamlining procedures and enhancing consumer experiences, AIoT not only spurs innovation and market expansion but also establishes new standards for productivity and sustainability across international industries. The ability of AIoT to transform healthcare services, optimise manufacturing processes, and invent agricultural techniques highlights its critical role in influencing the global future of interconnected technologies, even in the face of obstacles like a lack of skilled labour.

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