Artificial Intelligence
Aerospace Robotics Market to Reach USD 7.78 Billion by 2027; Adoption of Artificial Intelligence will Boost Growth, Says Fortune Business Insights™
Pune, Aug. 25, 2020 (GLOBE NEWSWIRE) — The global aerospace robotics market is expected to gain impetus from the increasing adoption of artificial intelligence (AI) by companies for the maintenance of aircraft. This information is given by Fortune Business Insights™ in a new report, titled, “Aerospace Robotics Market Size, Share & COVID-19 Impact Analysis, By Application (Material Handling, Surface Treatment, Composites Applications, Assembly, and Others), By Robot Type (Articulated, Linear, Parallel, SCARA, and Others), By Technology (Conventional, Collaborative), By Solution (Hardware, Software, and Services), By Payload (Small – Medium Payloads Robots, and Others), and Regional Forecasts, 2020-2027.” The report further mentions that the market size was USD 2.66 billion in 2019 and is projected to reach USD 7.78 billion by 2027, exhibiting a CAGR of 20.49% during the forecast period.
The emergence of the COVID-19 pandemic is causing uproar in a wide range of industries owing to the complete shutdown of production processes. Some of them have also started to lay off workers as they are facing a severe economic crisis. Until a vaccine is discovered, we are unsure of the upcoming situations. But, this market is set to exhibit positive growth amid this pandemic owing to the increasing usage of robots in manufacturing processes to avoid direct contact of people. Our reports are specially created to help you protect your businesses in the ‘new normal.’
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What Does This Report Contain?
- Analysis & forecast of the global market on a regional level.
- Historic, current, and estimated market sizes.
- Restraining & driving factors, as well as their impact on the demand for aerospace robotics.
- An in-depth study of opportunities available in the market.
Drivers & Restraints-
Investments in R&D Activities to Develop AI-based Robots will Aid Growth
Several countries worldwide, such as Japan, Germany, South Korea, China, France, and the U.S. are extensively investing in research and development activities to develop novel AI-enabled robots. The South Korean government, for instance, planned to invest approximately USD 450 million in 2017 for the aerospace robotics sector. The main aim of this investment was to create an intelligent robot. However, for small and medium-sized enterprises (SMEs), a robot automation project can be challenging. Also, the operators must be trained to maintain and program these robots. These factors may hamper the aerospace robotics market growth in the near future.
Segment-
Hardware Segment to Show Rapid Growth Fueled by High Demand for Sensors & Controllers
Based on solution, the market is segregated into services, software, and hardware. Out of these, the hardware segment generated 57.33% in terms of aerospace robotics market share in 2019. This growth is attributable to the increasing demand for sensors, arm processors, and controllers to accelerate the sales of aerospace robotics solutions.
Regional Analysis-
High Expenditure to Modernize Aircraft Manufacturing Units in North America to Drive Growth
In 2019, North America procured USD 1.01 billion in terms of revenue. It is set to be the fastest-growing region throughout the forthcoming period backed by the presence of a large number of industry giants, such as Electro impact Inc. and Kawasaki Robotics in the region. Apart from that, the U.S. is experiencing high investments in the modernization programs to improve its aircraft manufacturing units. Europe, on the other hand, is likely to hold the second-largest position because of the higher adoption of Internet of Things (IoT)-based aerospace robotics solutions.
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https://www.fortunebusinessinsights.com/aerospace-robotics-market-103324
Competitive Landscape
Key Players Focus on Product Launches & Acquisition Strategies to Intensify Competition
The market consists of numerous reputed organizations that are persistently striving to gain a competitive edge by introducing new aerospace robotics solutions equipped with the latest technologies. Some of the others are also engaging in acquisitions to expand their portfolios and geographical footprints. Below are two of the latest industry developments:
- August 2019: Epson Robots declared the launch of its AutomateEliteSM Authorized System Integrator Program. It was put under the Epson Advantage Partner Program. It would help them in surging its business through the sales of their robots. At the same time, it would enable customers to easily search for the most effective system integrators for their automation projects.
- July 2017: ABB successfully acquired Bernecker + Rainer Industrie-Elektronik GmbH (B&R) to broaden its position in industrial automation.
Fortune Business Insights™ lists out the names of all the prominent manufacturers operating in the global aerospace robotics market. They are as follows:
- ABB Group (Switzerland)
- Electroimpact Inc. (United States)
- Fanuc Corporation (Japan)
- Gudel AG (Switzerland)
- Kawasaki Robotics (United States)
- KUKA AG (Germany)
- Oliver Crispin Robotics Ltd. (United Kingdom)
- TAL Manufacturing Solutions Limited India (India)
- Universal Robotics A/S (Denmark)
- Yaskawa Electric Corporation (Japan)
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Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
- Latest technological Advancements
- Porters Five Forces Analysis
- Supply Chain Analysis
- Quantitative Insights- Impact of COVID-19 Pandemic on Global Aerospace Robotics Market
- Impact of the COVID-19 pandemic on the global aerospace robotics Market
- Steps taken by Industry/ Companies/ Governments to overcome the impact
- Key Developments in the Industry in Response to COVID-19 pandemic
- Potential opportunities due to COVID-19 Outbreak
- Global Aerospace Robotics Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Application
- Material Handling
- Surface Treatment
- Composites Applications
- Assembly
- Others
- By Robot Type
- Articulated Robots Market
- Linear/Cartesian Robots
- Parallel Robots
- Selective Compliance Assembly Robot Arm (SCARA) Robots
- Others
- By Technology
- Conventional Technology
- Collaborative Technology
- By Solution
- Hardware
- Controller
- Arm Processor
- Sensors
- Drive
- Others
- Software
- Application Based Software
- System Based Software
- Cloud-Based Software
- Planning, Service, Safety, Project Engineering Software
- Services
- Hardware
- By Payload
-
- Small – Medium Payloads Robots (2kg To 100 Kg)
- Large Payloads Robots (100kg to 200kg)
- Extra Large Payloads Robots (200 Kg to 1,500kg)
-
- By Region
- North America
- Europe
- Asia pacific
- The Middle East & Africa
- South America
- By Application
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Artificial Intelligence
JIDU Makes Its Debut at Mobility Live ME 2024, Showcasing the Future of AI-Enabled Intelligent Mobility
ABU DHABI, UAE, April 30, 2024 /PRNewswire/ — Setting sail for the world, a brilliant emblem of China’s intelligent automotive industry steps into the Middle East. On April 30th, JIDU made a significant appearance at Mobility Live ME 2024, with its AI-equipped pure electric SUV JIYUE 01 for the first time overseas, demonstrating the technological prowess of Chinese intelligent vehicles in the region. This comes after JIDU’s recent participation at Auto China 2024, marking the brand’s initial foray into an international auto exhibition as a representation of China’s AI technological innovation in the automotive sector, showcasing the future of AI-enabled intelligent mobility.
JIYUE 01 Debuts in the UAE, Signifying a Bright Future for Chinese Intelligent Vehicles
The Mobility Live ME 2024, a two-day event held at the Abu Dhabi National Exhibition Centre, is one of the most prominent specialized exhibitions in the new energy vehicle sector in the Middle East. As the capital of the UAE and a focal point for the NEV industry, Abu Dhabi serves as a policy-making hub and the largest market for these vehicles. With the launch of numerous NEVs and the push for eco-friendly transportation strategies, the UAE has emerged as a rapidly growing market for electric cars.
JIDU is a ROBOCAR startup between Chinese tech giant Baidu and car manufacturer Zhejiang Geely Holding Group. Focused on engineering, R&D, and commercialization of advanced autonomous driving and human-computer interaction (HCI) technologies, the company aims to create human-centric ROBOCARs.
JIDU’s first ROBOCAR JIYUE 01 is known for its striking design, excellent driving experience, and advanced intelligence. Empowered by Baidu’s comprehensive AI large model technology and Geely’s SEA vast architecture, JIYUE 01 became the first model globally to integrate an AI large model in a vehicle, and the sole Chinese and one of only two global models offering high-level autonomous driving based on visual perception and exceptional handling experience.
At Mobility Live ME 2024, JIYUE 01 showcased in Galaxy Purple and Mars Orange, along with the brand’s charging stations. The model gained wide recognition for its exceptional robot-inspired aesthetics and intellectualization capabilities.
JIDU’s international foray has set a new standard for AI-empowered automobiles in the region, opening a new window for the Middle East to understand Chinese intelligent vehicles, and opening doors for more Chinese intelligent vehicles to enter overseas markets. Looking forward, JIDU will actively expand its global footprints, showcasing the innovative concept of ROBOCAR worldwide, and striving to create a relaxing, liberating, and secure smart-tech travel experience for users worldwide.
Focusing on both Domestic and International Markets, JIDU Ushers in a New Era of AI-Driven Mobility
More than just a vehicle, JIDU ROBOCAR models have become integral to users’ lives. With the deep integration of AI large models in SIMO, it offers a more natural voice interaction transforming users’ habits. Presently, JIDU users have a daily average voice interaction penetration rate of 98%, with each car averaging around 63 interactions per day. As a representative of China’s pure vision intelligent driving technology, approximately 90% of users utilize JIDU’s PPA intelligent driving system. JIYUE 01 also won the champion title in the City NOA Challenge at the 2nd China Intelligent Driving Competition in Beijing.
JIDU models are ever-evolving and becoming smarter with each use. Since its launch, JIYUE 01 has offered monthly OTA updates, enabling users to “drive a new car every month”. The upcoming V1.5.0 software update will be fully rolled out, with PPA intelligent driving available for trial in 100 cities. Yet another evolved version of the JIYUE 01 is soon to debut. It’s the first model to feature Baidu Maps V20 SR intelligent driving edition. By 2024, JIDU’s PPA intelligent driving will be usable “nationwide,” wherever Baidu Maps can navigate.
In China, customers purchasing the JIYUE 01 will also benefit from a limited-time promotional offer, including a lifetime free subscription to the advanced high-level autonomous driving based on visual perception.
In China, the Auto China 2024 is still in full swing, with JIDU showcasing its latest lineup. The brand’s second model – an AI-powered all-electric sedan, JIYUE 07, made its debut, winning the title of “Most Beautiful 7 Series” with its artful Chinese original design.
In the new model JIYUE 07, classic elements from automotive design history are blended seamlessly with AI technology, eliminating traditional door handles, rooftop lidar, and other complex components. Adopting a sleek design with the golden ratio, it creates a technically minimalistic yet dynamic appearance of ROBOCAR. Remarkably, the model boasts an impressive drag coefficient of 0.198, setting a new benchmark for aerodynamic efficiency among its peers.
JIYUE 07 has been honored with two top global design awards, the German Red Dot and IF prizes, for its artistic Chinese original design. To date, JIDU ROBOCAR has won three of the most prestigious design awards in the industry, including the Red Dot Design Award (Germany), the iF Design Award (Germany), and the GOOD DESIGN Award (Japan), collectively covering a wide range of categories and recognizing JIDU’s excellence in 15 distinct honors. Chinese Original Design Triumphs at the Pinnacle of World Design.
CATL Chairman and CEO Zeng Yuqun highly praised the JIYUE 07 right after its debut, publicly stating that this model is fabulous, and he’ll take the first one.
Whether domestically or internationally, as a pioneer in intelligence, JIDU ROBOCAR consistently showcase cutting-edge AI technology. In the era of smart cars 3.0, with AI large models serving as its core, JIDU aims to drive the evolution of the intelligent automotive industry.
About JIDU
JIDU is a ROBOCAR startup officially established in March 2021 between Chinese tech giant Baidu and car manufacturer Zhejiang Geely Holding Group. Focused on the engineering, R&D, and commercialization of advanced autonomous driving and human-computer interaction (HCI) technologies, the company aims to create human-centric ROBOCARs, giving people more space and time to unlock more possibilities. As a pioneer in ROBOCAR, JIDU is establishing a new standard for intelligent vehicles through its cutting-edge autonomous driving capabilities and highly sophisticated HCI capabilities, creating a new category of mass-produced intelligent vehicle products.
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Artificial Intelligence
Aryaka Adds to Executive Team with Industry Leaders in People, Partnerships and Marketing
Additions Position Aryaka to Capitalize on Expanding Unified SASE as a Service Market Opportunity
SANTA CLARA, Calif., April 30, 2024 /PRNewswire/ — Aryaka® today announced the appointment of three new executives to its leadership team, further solidifying its position as the leader in the rapidly expanding Unified SASE as a Service market. The executive appointments include Pam Holmberg as Chief People Officer, Farzad Tari as SVP of Corporate and Business Development, and Ken Rutsky as Chief Marketing Officer.
“We are thrilled to welcome Pam, Farzad and Ken to our growing Aryaka team,” said Shailesh Shukla, CEO at Aryaka. “Their extensive experience and proven track records in scaling high-growth technology companies will be instrumental in building the team and programs to drive continued growth, ecosystem expansion and leadership in the Unified SASE as a Service market. Adding Pam, Farzad and Ken to our outstanding product, sales and operational leadership team is a critical next step in our overall growth.”
New Leadership Appointments
Pam Holmberg, Chief People Officer: Pam brings over 20 years of experience building and leading high-performing HR teams at industry leaders like Realtor.com, Veritas Technologies, Pivotal, and NetApp. Before Aryaka, Pam was Head of People at ThoughtSpot, an AI-powered analytics company, where she was responsible for recruiting, HR operations, business partnering and employee engagement. With Aryaka, she is responsible for developing and implementing Aryaka’s global talent strategy to attract, retain, and develop top talent to support the company’s ambitious growth plans.
“I’m excited to join Aryaka’s talented team and build upon the company’s strong culture of innovation,” said Holmberg. “Aryaka’s commitment to its employees is evident, and I look forward to developing and implementing a global talent strategy that fosters continued growth and success.”
Farzad Tari, SVP of Corporate and Business Development: Farzad is a seasoned Business and Corporate Development executive with a 30-year track record of success in building strategic partnerships, driving channel programs, executing M&A transactions and unlocking shareholder value through successful exits. In his career Farzad has spearheaded billions of dollars of transactions including two IPOs, six strategic exits, and over 300 strategic partnerships, on behalf of industry leaders like Check Point, Imperva, F5 and Cisco. His deep expertise in cybersecurity and proven ability to forge strong relationships is critical in expanding Aryaka’s ecosystem and accelerating its go-to-market strategy.
“The Secure Network Access market is undergoing tremendous growth, and Aryaka is playing a pivotal role in this transformation with Unified SASE as a Service,” said Tari. “I’m eager to leverage my experience to expand Aryaka’s market presence, ecosystem and partnerships, enabling us to deliver even greater value to our customers, partners and investors.”
Ken Rutsky, Chief Marketing Officer: Ken is a Silicon Valley marketing leader with a proven ability to build categories and brands and drive business growth. His experience spans industry giants like Intel, Netscape and McAfee, where he drove the marketing that put the Secure Web Gateway business on a trajectory to grow from $50 million to over $300 million in just three years. Prior to joining Aryaka, Ken ran a successful go to market consulting practice where he helped create over $15 billion in market valuation including IPOs and successful exits for over a dozen clients.
“Aryaka is a leader and disruptor in Unified SASE, and I am excited to join this team,” said Rutsky. “The people, the product and the market present a unique opportunity to leverage my experience in building market disrupting categories and high velocity go to market programs that accelerate success.”
Additional Resources:For more on Aryaka, please visit: https://www.aryaka.com/Visit the Aryaka blog: https://www.aryaka.com/blog/Follow Aryaka on X: @AryakaNetworksVisit Aryaka on LinkedIn: https://www.linkedin.com/company/aryaka-networks/
About AryakaAryaka is the leader and first to deliver Unified SASE as a Service, the only secure network access solution designed and built to deliver performance, agility, simplicity, and security without tradeoffs. Aryaka meets customers where they are on their journeys, enabling them to seamlessly modernize, optimize and transform their networking and security environments. Aryaka’s flexible delivery options empower enterprises to choose their preferred approach for implementation and management. Hundreds of global enterprises, including several in the Fortune 100, depend on Aryaka for cloud-based software-defined networking and security services. For more on Aryaka, please visit www.aryaka.com.
Technology Media/Analyst ContactLee RegalLumina Communications for [email protected]
Channel Media/Analyst ContactKhali HendersonSenior PartnerBuzzTheory (for Aryaka)[email protected]
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Artificial Intelligence
Databricks Achieves FedRAMP High Agency Authority to Operate for AWS GovCloud
SAN FRANCISCO, April 30, 2024 /PRNewswire/ — Databricks, the Data and AI company, announced today that it has received a Federal Risk and Authorization Management Program (FedRAMP®) High Agency Authority to Operate (ATO) for its cloud services on Amazon Web Services (AWS) GovCloud. The data intelligence pioneer supports International Traffic in Arms Regulations (ITAR) use cases today, with the Provisional Authorization for DoD Impact Level 5 (IL5) expected soon. This authorization builds on Azure Databricks’ FedRAMP High and IL5 authorizations and further demonstrates Databricks’ commitment to meeting the federal government’s requirements for handling highly sensitive and mission-critical defense Controlled Unclassified Information (CUI) across a wide variety of data analytics and AI use cases.
“The power of data intelligence is being used to enhance national security decision-making dramatically and helping federal agencies modernize legacy systems that unlock data insights for mission success. This is an important milestone for Databricks as we expand our services to support mission-critical workloads for the federal market,” said Jude Boyle, Vice President of the Public Sector, at Databricks. “These authorizations will allow us to support our customers in addressing demanding government security standards to securely manage sensitive workloads in the cloud, delivering everything from drug discovery and development to defense readiness with Generative AI.”
“This significant achievement enables us to unlock powerful data and AI capabilities and apply them to the sensitive mission workloads of our civilian, defense, and intelligence clients,” said Denise Zheng, chief AI officer at Accenture Federal Services. “As the recognized Databricks Global Partner of the year, we are excited to work with them to continue delivering innovative, global solutions on AWS GovCloud to our federal customers to help them meet their unique needs and address their critical challenges.”
“We were eager to partner with Databricks on their journey to the DoD IL5 PA, as we see this as an important capability for our Defense clients in achieving the scale necessary to deliver data solutions at the speed of mission,” said Graham Evans, Senior Vice President at Booz Allen. “Booz Allen is well positioned to meet the evolving needs of clients, having been recognized as both the largest provider of AI-related services to the federal government and Databricks’ 2023 Public Sector Partner of the Year. Strategic partnerships with leading commercial technology companies like Databricks are crucial to our continued delivery of innovative technical differentiation to our clients’ most important missions.”
“The recent attainment of FedRAMP High agency ATO on AWS GovCloud by Databricks enables us to offer their expanding data and AI capabilities to our government clients,” said Dave Thomas, Principal, Deloitte Consulting, LLP. “In collaboration, we are implementing solutions that combat data silos and enable innovative governance features such as Unity Catalog. This prepares agencies to stay mission-focused and securely leverage generative AI to enhance the effectiveness and efficiency of government processes.”
FedRAMP is a government-wide program that promotes the adoption of secure cloud services across the federal government by providing a standardized approach to security and risk assessment for cloud technologies and federal agencies. By achieving its first FedRAMP High agency ATO on AWS GovCloud, the Databricks Data Intelligence Platform for Public Sector empowers government agencies and contractors to accelerate innovation while minimizing risk when working with highly sensitive private sector and public sector data. The FedRAMP High agency ATO status assures customers that Databricks on AWS GovCloud meets the federal government’s compliance requirements to support sensitive data intelligence use cases.
Databricks on AWS GovCloud is available in public preview. Government agencies and contractors now will have the ability to run production workloads that need to comply with FedRAMP High and ITAR.To learn more about Databricks’ federal government customers, visit the Data Intelligence Platform for Federal Agencies page. Find more information on FedRAMP High on the Databricks Trust Center.
About DatabricksDatabricks is the Data and AI company. More than 10,000 organizations worldwide — including Comcast, Condé Nast, Grammarly, and over 60% of the Fortune 500 — rely on the Databricks Data Intelligence Platform to unify and democratize data, analytics, and AI. Databricks is headquartered in San Francisco, with offices around the globe, and was founded by the original creators of Lakehouse, Apache Spark™, Delta Lake, and MLflow. To learn more, follow Databricks on LinkedIn, X and Facebook.
Press contact:[email protected]
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