Artificial Intelligence
Insights on the Passenger Boarding Bridges Global Market to 2025 – Public-Private Partnerships for Airside Operations Presents Opportunities
Dublin, Sept. 28, 2020 (GLOBE NEWSWIRE) — The “Global Passenger Boarding Bridges Market by Elevation System (Hydraulic, Electro-mechanical), Foundation (Fixed, Moveable), Point of Sale (OEM, Aftermarket), Product Type, Structure, Tunnel Type, Docking Type, Seaport-PBB and Region – Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The global passenger boarding bridges market size is projected to grow from USD 273 million in 2020 to USD 489 million by 2025, at a CAGR of 12.3% from 2020 to 2025.
The market is driven by various factors, such as the high demand for large aircraft, increasing number of greenfield and brownfield airport projects, and increased spending on airside infrastructure by airport operators are driving factors assisting the growth of the passenger boarding bridges market.
The passenger boarding bridges market includes major players ThyssenKrupp AG (Germany), John Bean Technologies Corp. (JBT) (US), CIMC Ltd. (China), FMT Aircraft AB (Sweden), and ADELTE Group (Spain), among others. These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East, Africa, and South America. COVID-19 has impacted their businesses as well. Industry experts believe that COVID-19 could affect passenger boarding bridges production and services by 7-10% globally in 2020.
Increasing demand for larger aircrafts is driving the growth of movable PBBs
The movable PBB segment is expected to be the largest market by value. The growth of the movable PBB segment of the passenger boarding bridges market can be attributed to the growing demand for larger aircrafts with high passenger carrying capacity.
The over-the-wing bridge segment is projected to witness a higher CAGR during the forecast period
Based on product type, the over-the-wing segment is projected to be the highest CAGR rate for the passenger boarding bridges market during the forecast period. These bridges have recently picked up pace as demand for larger aircrafts have increased. Over-the-wing bridge is useful for aircrafts with multiple doors.
The electro-mechanical segment is projected to witness a higher CAGR during the forecast period
Based on elevation system, the electro-mechanical segment is projected to have the highest CAGR rate for the passenger boarding bridge market during the forecast period. The electro-mechnical passenger boarding bridge has witnessed major innovation as technology matures. Innovations in the field of motor have increased the efficiency and reliability of electro-mechnical passenger boarding bridges.
The intelligent PBB segment is projected to witness a higher CAGR during the forecast period
Based on docking type, the intelligent segment is projected to be the highest CAGR rate for the passenger boarding bridge market during the forecast period. By leveraging technology such as artificial intelligence and sensors, manufacturers of passenger boarding bridge have developed intelligent PBB. Intelligent PBBs are capable for automatic docking that has been introduced by various manufacturer including ShinMaywa Industries.
The North America market is projected to contribute the largest share from 2020 to 2025
The passenger boarding bridges market in the North American region is expected to witness substantial growth during the forecast period due to increased demand for passenger boarding bridge from airports and seaports of these regions.
Several states in the US have passed regulations to reduce emissions from airports completely. As such, airports in these countries are opting for passenger boarding bridges instaed of mobile passenger stairs. States such as California and Seattle have already implemented these regulations and airports in these states have overcome the barriers associated with inadequate infrastructure and input power.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Passenger Boarding Bridge Market, 2020-2025
4.2 Passenger Boarding Bridge Market, by Elevation System
4.3 Passenger Boarding Bridge Market, by Foundation
4.4 Passenger Boarding Bridge Market, by Docking Type
4.5 Passenger Boarding Bridge Market, by Structure
4.6 Passenger Boarding Bridge Market, by Country
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 High Demand for Large Aircraft
5.2.1.2 Increasing Number of Greenfield and Brownfield Airport Projects
5.2.1.3 Increased Spending on Airside Infrastructure by Airport Operators
5.2.2 Restraints
5.2.2.1 Long Life Cycle of Passenger Boarding Bridges
5.2.2.2 High Procurement and Operational Costs for Low-Cost Airlines
5.2.3 Opportunities
5.2.3.1 Public-Private Partnerships for Airside Operations
5.2.4 Challenges
5.2.4.1 High Cost of Training and Lack of Skilled Personnel
5.3 Operational Data
5.4 Impact of COVID-19
5.5 Disruption Impacting Customer’s Business
5.5.1 Revenue Shift and & New Revenue Pockets for Aviation Passenger Boarding Bridge Manufacturers
5.6 Average Selling Price
5.7 Supply Chain Analysis
5.8 Technological Analysis
6 Industry Trends
6.1 Introduction
6.2 Technology Trends
6.2.1 Zig Bee Technology
6.2.2 Point to Go System Technology
6.2.3 Automated Docking Technology
6.2.4 Touchscreen Technology
6.2.5 Webgate Technology
6.2.6 Anti-Collision Technology
6.2.7 R11 and R12 Technology
6.3 Patent Registration
7 Passenger Boarding Bridge Market, by Elevation System
7.1 Introduction
7.2 Electro-Mechanical
7.2.1 Long Life Cycle Drives Demand for Electro-Mechanical PBBs
7.3 Hydraulic
7.3.1 Smooth Vertical Elevation Offered by Hydraulic PBBs Boost Market
8 Passenger Boarding Bridge Market, by Foundation
8.1 Introduction
8.2 Fixed
8.2.1 Regional Airports Prefer Fixed Bridges
8.3 Movable
8.3.1 Adjustable Height Drives Demand for Movable Bridges
9 Passenger Boarding Bridge Market, by Point of Sale
9.1 Introduction
9.2 OEM
9.2.1 Production and Delivery of PBBs Limited due to COVID-19 Outbreak
9.2.2 COVID-19 Impact on OEMs
9.3 Aftermarket
9.3.1 Replacement and MRO of Passenger Boarding Bridge Components Drive Segment
9.3.2 Impact of COVID-19 on Aftermarket
9.3.3 Parts Replacement
9.3.4 MRO
10 Passenger Boarding Bridge Market, by Product Type
10.1 Introduction
10.2 Apron Drive
10.2.1 High Investments Boost Growth of Apron Drive Segment
10.3 Commuter Bridges
10.3.1 Ability to Handle Different Aircraft Models Drives Commuter Bridges Segment
10.4 Nose-Loader Bridges
10.4.1 Nose-Loader Bridges Preferred in Airports with Extreme Weather Conditions
10.5 T- Bridge
10.5.1 T-Bridges Widely Used for Large Aircraft Docking
10.6 Over-The-Wing Bridge
10.6.1 Over-The-Wing-Bridges Dock to L1 and L2 Doors and Reduce Aircraft Turn Time
11 Passenger Boarding Bridge Market, by Structure
11.1 Introduction
11.2 Steel-Walled
11.2.1 Steel-Walled PBBs are Suitable for All Types of Aircraft
11.2.2 Modern Architectural Trends Boost Glass-Walled PBB Segment
11.3 Glass-Steel-Walled
11.3.1 Spending Capacity of Airport Determines Use of Glass-Steel-Walled PBB
12 Passenger Boarding Bridge Market, by Tunnel Type
12.1 Introduction
12.2 Air-Conditioned
12.2.1 COVID-19 Outbreak Has Limited Use of Air-Conditioned PBBs
12.3 Un-Air-Conditioned
12.3.1 Un-Air-Conditioned PBBs Most Commonly Used at Airports
13 Passenger Boarding Bridge Market, by Docking Type
13.1 Introduction
13.2 Manual
13.2.1 Manually Operated PBBs Preferred by Airports
13.3 Intelligent
13.3.1 Advancements in Technology Resulting in Intelligent PBBs Being Deployed at Some Airports
14 Seaport Passenger Boarding Bridge Market
14.1 Introduction
14.2 Seaport
14.2.1 Low Procurement Cost Drives Seaport PBB Market
14.3 Seaport Market, by Foundation
14.3.1 Fixed Bridges Dominate Seaport PBB Market
14.3.2 Fixed
14.3.3 Movable
14.4 Seaport Market, by Product Type
14.4.1 Increasing Number of Cruise and Ferry Ships Drives Demand for PBBs
14.4.2 Commuter Bridge
14.4.3 Gangway
15 Passenger Boarding Bridge Market, by Region
15.1 Introduction
15.2 North America
15.3 Europe
15.4 Asia-Pacific
15.5 Middle East
15.6 Latin America
15.7 Africa
16 Competitive Landscape
16.1 Introduction
16.2 Key Player Strategies/Right to Win
16.3 Revenue Analysis of Top Three Market Players
16.4 Market Share of Top Three Players
16.5 Market Ranking
16.6 Who to Whom Analysis
16.7 Company Evaluation Quadrant
16.7.1 Star
16.7.2 Emerging Leaders
16.7.3 Participant
16.7.4 Pervasive
16.8 Competitive Scenario
16.8.1 Contracts and Agreements
16.8.2 New Product Launches
16.8.3 Acquisitions
17 Company Profiles
17.1 Key Companies
17.1.1 Thyssenkrupp AG
17.1.2 John Bean Technologies Corp.
17.1.3 China International Marine Containers (Group) Ltd. (CIMC)
17.1.4 Shinmaywa Industries Ltd
17.1.5 FMT Sweden AB
17.1.6 Adelte Group
17.1.7 Vataple Group Ltd.
17.1.8 Hubner GmbH & Co. KG
17.1.9 Mitsubishi Heavy Industries, Ltd.
17.1.10 Pt Bukaka Teknik Utama Tbk
17.1.11 Ameribridge, Inc.
17.1.12 Airport Equipment Ltd.
17.1.13 UBS Airport Systems
17.1.14 Accessair Systems Inc.
17.1.15 Aviramp Ltd.
17.1.16 Aoyama Elevator Co. Ltd.
17.1.17 Deerns Groep B.V.
17.1.18 Oversys LLC
17.1.19 Shanghai Haobo Aviation Equipment Co. Ltd.
17.1.20 Aeromobiles Pte. Ltd.
17.1.21 Avicorp Middle East
17.2 PBB Service Providers
17.2.1 Anton Air Support
17.2.2 East Island Aviation Services
17.2.3 Dimaim Systems
17.2.4 Alpha-CIM
18 Passenger Boarding Bridge Adjacent Market
19 Appendix
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Artificial Intelligence
Free Your Hands, QIDI Vida Smart AR Glasses Lead the Way in New Sports Experience.
NEW YORK, April 19, 2024 /PRNewswire/ — Outdoor smart AR glasses, QIDI Vida, will officially launch on 23rd April on the Kickstarter platform. QIDI Vida integrates the many functions of smart watches, sports headphones, cycling computers, heart rate monitors, and walkie-talkies using AR+AI technology, allowing users to bid farewell to cumbersome device management and enjoy outdoor sports anytime, anywhere with just one pair of glasses.
Function:
QIDI Vida uses high-tech HUD (Head-Up Display) which is similar to the technology used for aircrafts and premium cars and introduces it to the sports industry. Users can activate the HUD function at any time using voice control, enabling them to focus on the route ahead whilst simultaneously having access to information such as navigation, speed, heart rate, power and cadence, among other metrics. Another great function of the QIDI Vida is that users can also enjoy audiovisual entertainment through the optically perceived 100-inch AR HUD screen, when having some down time.
As cyclists and hikers often travel in groups, QIDI Vida supports eSIM and team functionality, allowing real-time voice communication without releasing handlebars, and users can monitor their groups’ real-time locations. The glasses also have comprehensive sensing and monitoring capabilities including temperature, humidity, UV, air pressure, geomagnetism and acceleration. In addition to obtaining environmental and health information, it also features health warnings such as altitude sickness symptoms and high heart rate, as well as fall and collision detection functions. And, in the event of danger, it can send distress signals to teammates.
Perks:
QIDI Vida has a global voice recognition and interaction feature that allows you to control all functions within the device by voice. To better provide users with an immersive sports experience, QIDI Vida’s intelligent system will have the capability to instantly gather personalised sports data, enabling it to deliver timely voice alerts and broadcasts, including the duration of exercise, distance, the environment and the weather – all tailored to the user’s preferences.
QIDI Vida enables voice-controlled photos and video recordings, allowing users to capture moments whilst cycling or hiking without the need to stop. QIDI Vida supports connections with common cycling smart hardware such as Garmin, Wahoo, Apple, and Samsung, supports GPX route files, and is compatible with professional sports apps such as Strava, Keep, Zwift, Apple Health, and All Trails.
QIDI Vida stands out for its lightweight and comfortable design with a dual lens for a full-colour data display, unlike competing AR glasses that typically have a single lens and limited colour. This innovation significantly enhances and augments the user’s sports and reality experience.
QIDI Vida will launch on the Kickstarter platform: https://www.kickstarter.com/projects/109560964/qidi-vida-smart-ar-glasses-for-sports
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Artificial Intelligence
Risk Analytics Market worth $180.9 billion by 2029 – Exclusive Report by MarketsandMarkets™
CHICAGO, April 19, 2024 /PRNewswire/ — The growing use of real-time monitoring and advanced analytics, integration with cutting-edge technologies like blockchain and IoT, and an emphasis on cybersecurity, cross-industry applications, and regulatory compliance are the key factors that will shape the risk analytics market in the future. The market’s development will also be influenced by collaborative risk management, improved user experience, and an increasing focus on ESG factors and risk culture.
The Risk Analytics Market is estimated to grow from USD 59.7 billion in 2024 to USD 180.9 billion in 2029, at a CAGR of 24.8% during the forecast period, according to a new report by MarketsandMarkets™. Several trends fuel the global spread of Risk Analytics. Increasingly Increasing Data Complexity, Rising Cybersecurity Threats and Rising Adoption of Cloud-Based Solutions A growing talent pool of data scientists and engineers is building the necessary tools and infrastructure. Governments are recognizing the potential of risk analytics for economic growth and are investing in research and development. These trends make DI more accessible and valuable, leading to its global adoption.
Browse in-depth TOC on “Risk Analytics Market”260 – Tables 60 – Figures350 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2019–2023
Base year considered
2023
Forecast period
2024–2029
Forecast units
USD Billion
Segments Covered
Offering,Risk Type, Risk stages, Vertical, and Region.
Geographies covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
Companies covered
IBM (US), SAS Institute (US), Oracle (US), FIS(US), Moody’s Analytics (US), ProcessUnity(US), ServiceNow (US), Marsh (US), Aon (UK), MetricStream (US), Resolver (Canada), SAP (Germany), Milliman(US), LogicManager(US), Provenir(US), SAI360(US), Deloitte(UK), OneTrust(US), Diligent(US), Alteryx(US), CRISIL(India), Archer(US), ZestyAI(US), Fusion Risk Management(US), RiskVille(Ireland), SPIN Analytics(UK), Kyvos Insights(US), Imperva(US), Cirium(UK), Quantexa(UK), ClickUp(US), Sprinto(US), Ventiv(US), Adenza(US), Centrl.AI(Canada), SafetyCulture(Australia), Quantifi(US), CubeLogic(UK), Onspring(US), Riskoptics(US)
By offering the services segment to account for higher CAGR during the forecast period
In the Risk Analytics Market, the highest CAGR of services is fueled by Increasing Complexity of Risks, AI and machine learning advancements, big data analytics integration, business process optimization, cloud-based solutions adoption, data-driven culture, and diverse industry adoption. These trends reflect a global shift towards leveraging data for competitive advantage, driving a continuous need for sophisticated risk analytics services across sectors. As businesses prioritize agility, the growth of services in the Risk Analytics Market is driven by the need for effective risk management strategies in an increasingly complex and uncertain business environment.
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By Type, GRC software is expected to hold the largest market size for the year 2024
GRC software typically offers comprehensive solutions that cover a wide range of risk management needs, including compliance management, policy management, audit management, and risk assessment. They also provide organizations with enhanced visibility into their risk landscape. Through features such as risk assessment, risk monitoring, and reporting, organizations can identify and prioritize risks more effectively, enabling proactive risk management strategies. GRC software streamlines risk management processes through automation, reducing manual effort and increasing efficiency. Tasks such as risk assessments, control testing, and incident management can be automated, freeing up resources to focus on strategic risk mitigation efforts. the combination of comprehensive functionality, regulatory compliance support, efficiency gains, scalability, integration capabilities, and culture enhancement makes GRC software a preferred choice for many organizations seeking to manage risk effectively.
By Vertical, Healthcare & Life Sciences is projected to grow at the highest CAGR during the forecast period
The Healthcare and Lifesciences is experiencing a surge in the adoption of risk analytics due to a confluence of factors. Healthcare providers and life sciences companies wants to ensure the safety and well-being of patients. Risk analytics helps in identifying potential risks to patient safety, such as medication errors, adverse events, and medical device failures. The healthcare and life sciences industries are heavily regulated, with strict guidelines for patient care, data privacy, drug development, and clinical trials. Risk analytics helps organizations ensure compliance with these regulations by identifying and mitigating risks of non-compliance. Healthcare organizations and life sciences companies also face financial risks associated with fraud, billing errors, revenue cycle management, and reimbursement challenges. Risk analytics helps in detecting anomalies and optimizing financial processes to mitigate these risks.
Asia Pacific is expected to grow at the highest CAGR during the forecast period
The Asia-Pacific (APAC) region is experiencing rapid growth in the Risk Analytics Market, boasting the highest Compound Annual Growth Rate (CAGR). This surge is primarily attributed to rising demand for data-driven decision-making solutions, expanding digital transformation initiatives across industries.. Moreover, the region’s favorable regulatory environment, growing investments in big data analytics, and the integration of advanced technologies like the Internet of Things (IoT) further propel APAC’s dominance in Risk Analytics Market growth.
Top Key Companies in Risk Analytics Market:
The major risk analytics software and service providers include IBM (US), SAS Institute (US), Oracle (US), FIS(US), Moody’s Analytics (US), ProcessUnity(US), ServiceNow (US), Marsh (US), Aon (UK), MetricStream (US), Resolver (Canada), SAP (Germany), Milliman(US), LogicManager(US), Provenir(US), SAI360(US), Deloitte(UK), OneTrust(US), Diligent(US), Alteryx(US), CRISIL(India), Archer(US), ZestyAI(US), Fusion Risk Management(US), RiskVille(Ireland), SPIN Analytics(UK), Kyvos Insights(US), Imperva(US), Cirium(UK), Quantexa(UK), ClickUp(US), Sprinto(US), Ventiv(US), Adenza(US), Centrl.AI(Canada), SafetyCulture(Australia), Quantifi(US), CubeLogic(UK), Onspring(US), Riskoptics(US). These companies have used both organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the Risk Analytics Market.
Recent Developments:
In March 2024, Orcale announced Oracle Risk Management Cloud in Release 24B. It offers comprehensive solution designed to help organizations identify, assess, and mitigate risks across their business operations. It offers advanced analytics, automation, and collaboration tools to streamline risk management.In March 2024, FIS Global announces card fraud detection capabilities leveraging artificial intelligence (AI) with aim to bolster FIS’s ability to identify and prevent fraudulent transactions, providing greater security for cardholders and financial institutions alike.In March 2024, Aon acquired an AI-powered platform to assist fleet and mobility clients in making data-driven decisions, enhancing operational efficiency and risk management. The platform utilizes artificial intelligence to analyze data and provide insights, enabling clients to optimize their fleet operations and improve decision-making processes.In March 2024, Crisp joined Resolver, with the aim to enhance Resolver’s risk intelligence capabilities by integrating Crisp’s expertise and technology into its platform, offering clients improved risk assessment and mitigation tools.In February 2024, SAS partnered with Carahsoft to bring analytics, AI, and data management solutions to the public sector. The aim is to leverage SAS’s expertise in advanced analytics and Carahsoft’s extensive government market reach to offer tailored solutions that enable public sector organizations to harness the power of data for informed decision-making and improved outcomes.Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=210662258
Risk Analytics Market Advantages:
By offering insights into potential risks, opportunities, and trends, risk analytics helps organisations make data-driven decisions that improve strategic planning and resource allocation.In order to improve risk management procedures and lessen exposure to possible threats, risk analytics solutions assist businesses in identifying, evaluating, and mitigating risks across a range of business activities, including finance, operations, and compliance.Through real-time monitoring and anomaly detection made possible by risk analytics, organisations may proactively address shifting market situations, legal requirements, and cybersecurity threats.Risk analytics solutions assist organisations lower operating costs, increase productivity, and streamline compliance activities, which results in cost savings and resource optimisation. They do this by streamlining risk management procedures and automating routine work.Accurate risk assessments, audit trails, and reporting capabilities are just a few of the ways that risk analytics solutions help organisations comply with regulations and stay out of trouble.Organisations can enhance their resilience and competitiveness by anticipating and mitigating potential hazards before they materialise through the use of predictive modelling and advanced analytics approaches in risk analytics.Report Objectives
To define, describe, and predict the Risk Analytics Market by offering, risk type, risk stages, vertical, and regionTo provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the market growthTo analyze the opportunities in the market and provide details of the competitive landscape for stakeholders and market leadersTo forecast the market size of segments with respect to five main regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin AmericaTo profile the key players and comprehensively analyze their market rankings and core competenciesTo analyze the competitive developments, such as partnerships, product launches, and mergers & acquisitions, in the Risk Analytics MarketBrowse Adjacent Markets: Analytics Market Research Reports & Consulting
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Artificial Intelligence
Robotic Palletizer Market worth $1.9 billion by 2029 – Exclusive Report by MarketsandMarkets™
CHICAGO, April 19, 2024 /PRNewswire/ — The robotic palletizer market is projected to grow from USD 1.4 billion in 2024 and is expected to reach USD 1.9 billion by 2029, growing at a CAGR of 5.9% from 2024 to 2029 according to a new report by MarketsandMarkets™. Rising awareness towards workplace safety and reducing the risk of work-related injuries to drive the market. Robotic palletizers significantly enhance workplace safety and reduce the risk of work-related injuries and associated costs. By automating repetitive tasks like palletizing, businesses can redeploy their human workforce to higher-value activities that require human skills like problem-solving, critical thinking, and customer interaction. This allows them to optimize their workforce and leverage human capabilities more effectively.
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Browse in-depth TOC on “Robotic Palletizer Market” 100 – Tables60 – Figures200 – Pages
Robotic Palletizer Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 1.4 billion
Estimated Value by 2029
$ 1.9 billion
Growth Rate
Poised to grow at a CAGR of 5.9%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Component, Robot Type, Application, End-use Industry and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
High initial investment cost
Key Market Opportunities
Increasing application in small and medium-sized enterprises
Key Market Drivers
Growing labor shortage and need for workforce optimization
Collaborative robots in the robot type segment are expected to witness higher growth rate during the forecast period.
Collaborative robots are expected to witness a higher CAGR during the forecast period. Unlike traditional industrial robots that often require physical barriers or cages to protect human workers, cobots are equipped with advanced safety features, such as force and torque sensors, collision detection, and speed monitoring. These features enable cobots to operate safely in proximity to humans without posing significant risks of injury.
The Pharmaceutical segment in the robotic palletizer market is expected to witness highest growth rate during the forecast period.
Pharmaceutical products are subject to strict regulations regarding storage, handling, and quality control. Robotic palletizers play a crucial role in providing greater precision and consistency in palletizing tasks and minimizing the risk of contamination within pharmaceutical manufacturing facilities. It also reduces human intervention in the handling and stacking of products and helps mitigate the potential for cross-contamination and ensures adherence to strict hygiene standards.
End-of-Arm- Tooling (EOAT) component is expected to witness the highest CAGR in the robotic palletizer market during the forecast period.
End-of-arm tooling (EOAT) is a crucial element of a robotic arm system, especially in applications like robotic palletizing, where the robot needs to interact with various objects or products. EOAT essentially acts as the hand of the robotic arm, designed to securely grasp, lift, and place boxes or cases onto pallets. Overall, EOAT plays a vital role in the effectiveness of robotic palletizers as it ensures secure handling of products, efficient palletizing patterns, and smooth operation of the entire system.
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North America is expected to hold the largest share of the robotic palletizer industry during the forecast period.
North America is home to major automobile and retail companies, which has accelerated the demand for robotic palletizers in this region. Additionally, the rise in manufacturing activity, fueled by plans for reshoring and technological improvements, has further driven the need for robotic palletizers. In North America, certain government funds are available to increase workplace safety. In 2023, the Occupational Safety and Health Administration announced a grant of approximately USD 12.7 million to 100 non-profit organizations across the nation to provide education and training for workers and employers about recognizing workplace hazards, injury prevention, and understanding workers’ rights and employers’ responsibilities under federal law. Businesses that use robotic palletizers may be eligible for funding as they lower the risk of worker injuries from manual lifting.
Key Players
Leading players in the robotic palletizer companies include FANUC CORPORATION (Japan), KION GROUP AG (Germany), KUKA AG (Germany), ABB (Switzerland), and Krones AG (Germany). Schneider Packaging Equipment Company, Inc. (US), Honeywell International Inc. (US), Kaufman Engineered Systems (US), Concetti S.p.A. (Italy), Sidel (France), Brenton, LLC. (US), A-B-C Packaging Machine Corporation (US), Antenna Group (Italy), BEUMER GROUP (Germany), Brillopak (UK), BW Integrated Systems (US), Columbia Machine, Inc. (US), Euroimpianti S.p.A. (Italy), Fuji Yusoki Kogyo Co., Ltd. (Japan), HAVER & BOECKER OHG (Germany), KHS Group (Germany), MMCI (US), Okura Yusoki Co., Ltd. (Japan), Rothe Packtech Pvt. Ltd. (India), and S&R Robot Systems, LLC. (US) are few other key companies operating in the robotic palletizer market.
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Palletizer Market Size, Share, Statistics and Industry Growth Analysis Report by Technology (Conventional, Robotic), Product Type (Bags, Boxes and Cases, Pails and Drums), Industry (Food & Beverages, Chemicals, Pharmaceuticals, Cosmetics & Personal Care, E-commerce and Retail) & Region – Global Growth Driver and Industry Forecast to 2029
Autonomous Mobile Robots Market by Offering (Hardware, Software and Services), Payload Capacity (500 kg), Navigation Technology (Laser/LiDAR, Vision Guidance), Industry (Manufacturing, Retail, E-commerce) – Global Forecast to 2028
Automated Guided Vehicle Market Size, Share, Industry, Statistics & Growth by Type (Tow Vehicles, Unit Load Carriers, Forklift Trucks, Assembly Line Vehicles, Pallet Trucks), Navigation Technology (Laser Guidance, Magnetic Guidance, Vision Guidance), Industry, Region – Global Forecast to 2028
Automated Storage and Retrieval System Market by Function (Storage, Distribution, Assembly), Type (Unit Load, Mini Load, Vertical Lift Module, Carousel, Mid Load), Vertical (Automotive, Food & Beverages, E-Commerce, Retail) – Global Forecast to 2028
Automated Material Handling Equipment Market Size, Share, Statistics and Industry Growth Analysis Report by Product (Robots, ASRS, Conveyors And Sortation Systems, Cranes, WMS, AGV), System Type (Unit Load, Bulk Load), Industry (Automotive, E-Commerce, Food & Beverage) and Region – Global Forecast to 2028
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact: Mr. Aashish MehraMarketsandMarkets™ INC. 630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Our Web Site: https://www.marketsandmarkets.com/Research Insight: https://www.marketsandmarkets.com/ResearchInsight/robotic-palletizer-companies.aspContent Source: https://www.marketsandmarkets.com/PressReleases/robotic-palletizer.asp
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