Artificial Intelligence
Cooking Robots Market to Grow by CAGR of 16.09% during 2020-2028; Demand for Cooking Robots to Climb with RPA (Robotic Process Automation) Revolutionizing Business Models by Offering High Speed, Cost Cutting and Improved Efficiency
New York, Oct. 29, 2020 (GLOBE NEWSWIRE) — From 2018-2019, the sales value of professional service robots rose by 32% to USD 11.2 Billion with 373,000 units of industrial robots shipped worldwide in 2019 – International Federation of Robotics (IFR)
Research Nester evaluated existing trends and opportunities in the ‘Global Cooking Robots Market’ for the period ‘2019-2028’ that will help industry players to understand overall market overview, providing them strategic solutions to perform better and transform their business significantly. Additionally, the inclusive data on market size, market share and forecast, growth opportunities and challenges for the leading market players along with regional analysis covering North America, Latin America, Europe, Asia Pacific and Middle East & Africa are provided in the report.
With COVID-19 reshaping safety concerns related to food, be it restaurant or hospital cafeterias, significant development in food robots has been observed. Ranging from flipping burgers, disinfecting tables and maintaining hygiene and safe distance, to everything that provides working safely amongst people, various types of cooking robots are transforming and helping industries to get through this pandemic crisis. In 2019, the global cooking robotics market generated a revenue of USD 86,170 thousand and is estimated to grow by a CAGR of 16.09% during the forecast period, i.e., 2020-2028. The global market is estimated to bring in USD 3,22,568 thousand in 2028. The emergence of robotic technologies such as Articulated Robotic instructional system (AUTAREP) manipulator is anticipated to witness notable demand in the food industry, on account of its essential role in food preparation, food production, handling, serving, management, and other food-related services.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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Increase in technological advancements backed by notable funding for research and development pertaining to robotic applications is driving the demand for robots in various sectors. On the back of notable features of cooking robots such as adaptability to changing temperature and applications, improved sensitivity related to gripping, managing challenging and repetitive tasks among other applications, the global cooking robots market is estimated to grow significantly in upcoming years. The market is segmented by robot type into Cartesian, SCARA, 6-Axis, cylindrical, delta and others. Among these segments, the SCARA segment is estimated to garner highest revenue of around USD 1,11,800 thousand in 2028 by growing at a CAGR of around 17% over the forecast period. Selective Compliance Assembly Robot Arm (SCARA) is widely used for easy assembling of components in the food industry providing high speed and productivity with additional attributes such as low vibrations while working, accurate positioning of the components, equipped with no replacement battery type absolute encoders, and others, further creating numerous opportunities in the market. The second highest growth is anticipated to be observed by 6-Axis segment which is projected to cross market value of USD 24,760 thousand in 2020. One of the 6-axis robot’s major features is the multi-tiered controller (mobility in x, y, and z planes along with roll, pitch and yaw movements) that provides the consumers with authority to select the required controller for different tasks. Additionally, they are easier to maintain.
However, lack of skilled workforce along with high cost pertaining to the installation of cooking robots are some of the factors that might act as barriers to the growth of the market.
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The global cooking robots market is also segmented on the basis of end-users, individual income group, and food type.
Global Cooking Robots Market, Segmentation by End-User
- Commercial
- Fast Food Restaurant
- Fine Dining Restaurants
- Café
- Contracted Food Service (Stadium/Event Centers, Corporate Dining, Airports, Healthcare/Hospitals)
- Ghost Kitchens
- Food Trucks
- Convenience Stores
- Retailers/Grocers
- Small Scale/ Reginal Food Manufacturing
- Residential
Global Cooking Robots Market, Segmentation by Individual Income Group
- High Net Worth
- Ultra-High Net Worth
- Others
Global Cooking Robots Market, Segmentation by Food Type
- Pizza
- Coffee and Cocktail
- Salad
- Burgers & Sandwich
- Bowl
- Mexican Food
- Multicuisine
Regionally, the North America cooking robotics market is estimated to witness significantly highest growth throughout the forecast period. In 2020, the market is projected to garner revenue of around USD 50,240 thousand on account of rising emergence of commercial & residential end-user applications such as pizza making, sandwich & burger making, cocktail preparations, salad decoration & serving and others in the United States and Canada. According to the report published by Robotic Industries Association (RIA), in North America, there has been a surge in the robot unit orders by 5.2% in 3rd quarter of 2019 compared to 2018. Additionally, robots ordered by the companies in North America amounted to 23,894 units in the year 2019. Moreover, the COVID-19 outbreak in North American countries has led to an increase in the demand for cooking robots to create virus-free kitchens.
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The third highest stance in the global market is estimated to be captured by the cooking robot market in Asia Pacific where cooking robot sales (in volume) are anticipated tick up by growing at a CAGR of 14.72% during the forecast period. This growth can be attributed to rising demand for fast-food services, growing development and establishment of small and medium-sized outdoor dining business and continuous efforts by companies to introduce latest technologies such as Industry 4.0, machine learning, IoT (Internet of Things), and AI (Artificial Intelligence) among others to cater to increasing adoption of technologically supported robot cooking services across the various countries of the Asia-Pacific region. For instance, in Chennai, India, The RoboChef is one of the first fully automated kitchen developed by Robotic Kitchen India, which can provide tasty food from more than 800 recipes without any manual aid. The smart device is fully automated with IOT metrics, 24/7 monitoring facilities, maintains hygiene with zero CO2 emissions and requires low maintenance and zero manpower.
The study further incorporates Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).
Technological Advancements and Developments in the Food Industry to Boost Robot Installations Globally
To cater to the high demand from restaurants and food service industries whilst catering to customers’ palate and demand, companies are investing highly in R&D activities.
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The coronavirus pandemic has led to the advancements and increased safety regulations across economies that has further driven industry leaders to develop advanced robots with creditable features such as enhanced visual recognition, sensitive gripping and failure prediction among other attributes that offer round-the-clock service to the food service providers. Some of the prominent industry leaders mentioned in our ‘global cooking robots market report are Miso Robotics, Mechanical Chef, Moley Robotics, Picnic, RoboChef, Café X, The Wilkinson Bread Bakery, Chowbotics, Karakuri Ltd., Creator and Briggo.
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Artificial Intelligence
Wego and Tourism Authority of Thailand Partner for The Fourth Consecutive Year, Showcasing the Beauty of Thailand
DUBAI, UAE, April 25, 2024 /PRNewswire/ — Wego, the largest online travel marketplace in the Middle East and North Africa (MENA), is thrilled to announce its continued partnership with the Tourism Authority of Thailand (TAT) for the fourth consecutive year, showcasing the unparalleled beauty and charm of Thailand as a premier travel destination.
Building upon the success of their previous collaborations, Wego and the Tourism Authority of Thailand are once again teaming up to promote Thailand’s diverse attractions, rich culture, and breathtaking landscapes to travelers worldwide. Through this strategic partnership, Wego aims to inspire travelers to explore the wonders of Thailand and experience its unique blend of tradition and modernity.
Over the past campaigns, Wego and the Tourism Authority of Thailand have successfully amplified Thailand’s appeal as a top travel destination, reaching millions of travelers and driving significant interest in visiting the country. From its pristine beaches and vibrant cities to its lush jungles and cultural heritage sites, Thailand offers an array of experiences that cater to every traveler’s preferences.
“We are delighted to continue our partnership with the Tourism Authority of Thailand for the fourth consecutive campaign,” said Mamoun Hmedan, Chief Business Officer, Wego. “Thailand is a beloved destination for travelers worldwide, and we are committed to showcasing its beauty and diversity through our platform. Together with the Thailand Tourism Board, we look forward to inspiring even more travelers to explore all that Thailand has to offer.”
The success of the previous campaigns underscores the effectiveness of Wego and the Thailand Tourism Board’s collaborative efforts in promoting Thailand as a must-visit destination. By leveraging Wego’s extensive reach and innovative marketing capabilities, the partnership aims to further elevate Thailand’s profile and attract more travelers to experience the magic of the Land of Smiles.
“We are thrilled to continue our partnership with Wego for the fourth campaign,” said Mr. Chaiwat Tamthai, Director of TAT Dubai office. “Thailand offers an unparalleled travel experience, from its stunning beaches and vibrant cities to its rich cultural heritage. Through our collaboration with Wego, we are excited to showcase the beauty of Thailand to travelers in the MENA region and invite them to discover the wonders of our country.”
As travelers seek unforgettable experiences and breathtaking landscapes, Wego and the Tourism Authority of Thailand are committed to showcasing Thailand’s unique charm and allure, inviting travelers to embark on an unforgettable journey to this enchanting destination.
About Wego
Wego provides award-winning travel search websites and top-ranked mobile apps for travelers living in the Asia Pacific and the Middle East regions. Wego harnesses powerful yet simple to use technology that automates the process of searching and comparing results from hundreds of airlines, hotels, and online travel agency websites.
Wego presents an unbiased comparison of all travel products and prices offered in the marketplace by merchants, both local and global, and enables shoppers to quickly find the best deal and place to book whether it is from an airline or hotel directly or with a third-party aggregator website.
Wego was founded in 2005 and is dual headquartered in Dubai and Singapore with regional operations in Bangalore, Riyadh, Cairo, Lahore, and Kuala Lumpur.
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Artificial Intelligence
Building Energy Management Systems Market Projected to Reach $67.69 billion by 2030 – Exclusive Report by 360iResearch
PUNE, India, April 24, 2024 /PRNewswire/ — The report titled “Building Energy Management Systems Market by Component (Hardware, Services, Software), Type (Integrated Building Energy Management Systems, Standalone Building Energy Management Systems), Application, Deployment Mode, End-Use – Global Forecast 2024-2030” is now available on 360iResearch.com’s offering, presents an analysis indicating that the market projected to grow from a size of $34.52 billion in 2023 to reach $67.69 billion by 2030, at a CAGR of 10.09% over the forecast period.
“Revolutionizing Energy Efficiency Globally With The Evolution of Building Energy Management Systems (BEMS)”
In an era where energy conservation and efficiency have become paramount, building energy management systems (BEMS) are at the forefront of this transformation, offering solutions that monitor, control, and optimize energy usage within buildings. These advanced systems, leveraging real-time data analytics, automate energy control, enhance energy savings, reduce costs, and contribute to a greener planet. Primarily utilized in commercial spaces, residential areas, and industrial sectors, BEMS has a broad application scope, covering HVAC, lighting, and security systems. Factors driving the expansion of the BEMS market include escalating energy expenses, heightened awareness of environmental impacts, and the increasing incorporation of Internet of Things (IoT) and cloud-based technologies, coupled with supportive government initiatives promoting energy-efficient infrastructures. Although challenges such as high initial costs and technology integration barriers exist, the advent of AI and IoT technologies within BEMS heralds a future of predictive energy management and remote operational capabilities, with a growing emphasis on integrating renewable energy sources. Regions such as the United States, Canada, the European Union, and emerging economies such as China and India are witnessing significant growth in BEMS adoption, spurred by regulatory policies and a shift towards sustainable building practices. This global movement toward BEMS signals a step toward reducing carbon footprints and highlights the collective effort to embrace technology for a sustainable future.
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“Harnessing Energy Management for Sustainability and Efficiency”
Data centers are pivotal infrastructures in the digital transformation era, consuming up to 50 times more energy than typical commercial spaces. This energy demand positions data centers as key contributors to the U.S.’s overall electricity consumption. Recognizing this, implementing building energy management systems (BEMS) is crucial in mitigating the environmental impact and operational costs associated with data centers. BEMS optimizes cooling systems to prevent equipment overheating, thereby enhancing energy efficiency by leveraging real-time data. Such systems reduce the power usage effectiveness (PUE) ratio, highlighting a move toward more sustainable consumption patterns and ensuring data centers’ operational continuity. Integrating seamlessly with existing infrastructure, BEMS offers a comprehensive approach to energy management, enabling more innovative cooling, efficient power usage, and predictive maintenance. This transition highlights a commitment to environmental responsibility and fosters operational efficiency, setting a new standard for data center operations worldwide.
“Revolutionizing Building Efficiency With Advanced Energy Management Systems Optimized Usage”
In push toward sustainability, building energy management systems (BEMS) stands at the forefront of innovation, integrating sophisticated hardware such as sensors, actuators, controllers, and more to manage and reduce energy consumption in buildings meticulously. These systems work in concert to monitor environmental conditions and adjust heating, ventilation, and air conditioning (HVAC) settings in real time, leading to significant energy savings. BEMS provides valuable data that helps identify savings opportunities, while networking tools ensure seamless communication between devices by precisely tracking energy flow through meters. Servers process vast amounts of data, enabling detailed analysis and actionable insights to refine energy use further. Additionally, comprehensive services, including customized consultations and dedicated support, ensure that each BEMS is tailored to a building’s unique needs, providing efficient operation and extended system longevity. BEMS exemplifies the strategic shift toward more sustainable and operationally excellent building management through the collaborative synergy of hardware, software, and expert services.
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“Schneider Electric SE at the Forefront of Building Energy Management Systems Market with a Strong 13.97% Market Share”
The key players in the Building Energy Management Systems Market include Schneider Electric SE, Honeywell International Inc., Azbil Corporation, Emerson Electric Co., Johnson Controls International PLC, and others. These prominent players focus on strategies such as expansions, acquisitions, joint ventures, and developing new products to strengthen their market positions.
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We proudly unveil ThinkMi, a cutting-edge AI product designed to transform how businesses interact with the Building Energy Management Systems Market. ThinkMi stands out as your premier market intelligence partner, delivering unparalleled insights with the power of artificial intelligence. Whether deciphering market trends or offering actionable intelligence, ThinkMi is engineered to provide precise, relevant answers to your most critical business questions. This revolutionary tool is more than just an information source; it’s a strategic asset that empowers your decision-making with up-to-the-minute data, ensuring you stay ahead in the fiercely competitive Building Energy Management Systems Market. Embrace the future of market analysis with ThinkMi, where informed decisions lead to remarkable growth.
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“Dive into the Building Energy Management Systems Market Landscape: Explore 180 Pages of Insights, 566 Tables, and 26 Figures”
PrefaceResearch MethodologyExecutive SummaryMarket OverviewMarket InsightsBuilding Energy Management Systems Market, by ComponentBuilding Energy Management Systems Market, by TypeBuilding Energy Management Systems Market, by ApplicationBuilding Energy Management Systems Market, by Deployment ModeBuilding Energy Management Systems Market, by End-UseAmericas Building Energy Management Systems MarketAsia-Pacific Building Energy Management Systems MarketEurope, Middle East & Africa Building Energy Management Systems MarketCompetitive LandscapeCompetitive PortfolioInquire Before Buying @ https://www.360iresearch.com/library/intelligence/building-energy-management-systems
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Home Energy Management System Market – Global Forecast 2024-2030Energy Management System Market – Global Forecast 2024-2030Intelligent Building Automation Technologies Market – Global Forecast 2024-2030About 360iResearch
Founded in 2017, 360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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Artificial Intelligence
Terra Drone, Unifly, and Aloft Launch UTM Development for AAM Targeting Global Markets
TOKYO, April 25, 2024 /PRNewswire/ — Terra Drone Corporation, a leading drone and Advanced Air Mobility (AAM) technology provider headquartered in Japan, announced today the launch of joint development with its Group companies Unifly NV (“Unifly”) and Aloft Technologies Inc. (“Aloft”) focused on UAS Traffic Management (UTM) for AAMs targeting global markets. Terra Drone has been making strides in its pioneering UTM business via strategic investments in Unifly, a leading UTM technology provider based in Belgium, and Aloft, which has the top UTM market share in the U.S. This collaboration marks the world’s first-ever joint UTM development for AAMs by multiple companies with extensive track records in UTM implementation and operation.
The three companies pursue joint UTM development to capitalize on the rapid global progress in electric vertical take-off and landing aircrafts (eVTOLs), set to revolutionize transportation. Morgan Stanley forecasts the Urban Air Mobility (UAM) market to reach $1 trillion by 2040 and $9 trillion by 2050 (1), with eVTOLs gaining global recognition through test flights and prototype showcases.
The companies proudly announce initiatives to enhance their existing UTM platforms in anticipation of the surge in eVTOL aircraft and drone activities. The shared vision for the UTM platform is to enable safe and efficient flight operations for eVTOLs and drones in the foreseeable future.
Recognizing the evolving needs of the AAM industry, they are dedicated to extending their platform by incorporating crucial additional functions. These enhancements, designed with automation at their core, aim to streamline operational efficiencies and pave the way for the integration of their increasingly automated UTM technology into the design and operational framework of AAMs. Through these efforts, they aim to set new standards in UTM and to facilitate the seamless integration of eVTOLs and drones into the national airspace, bolstering the potential for the AAM industry.
Through this initiative, they aim to build a global UTM infrastructure that kickstarts the AAM industry worldwide, creating a cohesive ecosystem that supports AAM growth and addresses broader challenges of urban mobility, sustainability, and air traffic safety.
Notes to Editor:
Research by Morgan Stanley in a report titled “eVTOL/Urban Air Mobility TAM Update: A Slow Take-Off, But Sky’s the Limit” https://advisor.morganstanley.com/the-busot-group/documents/field/b/bu/busot-group/Electric%20Vehicles.pdf]
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