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Global Cognitive Electronic Warfare System Market to 2023 – Focus on Capability, Platform, and Country

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Dublin, April 06, 2021 (GLOBE NEWSWIRE) — The “Cognitive Electronic Warfare System Market – A Global Market and Regional Analysis: Focus on Capability, Platform, and Country Analysis and Forecast, 2023-2033” report has been added to ResearchAndMarkets.com’s offering.

The global cognitive electronic warfare system industry analysis projects the market to have significant growth of CAGR 21.54% during the forecast period 2023-2033. Europe is expected to dominate the global cognitive electronic warfare system market with an estimated share of 47.40% in 2033. Europe, including the major countries such as Russia, is the most prominent region in the cognitive electronic warfare system market. The presence of major players and intense competition among them makes Europe the most technologically advanced region.

The global cognitive electronic warfare system market is gaining widespread importance owing to the rising need for artificial intelligence enabled warfare systems for combatting dynamic threats coupled with growth in territorial conflicts and geopolitical instabilities. Moreover, the advancements of gallium nitride-based products in electronic warfare system is one of the key factors that may propel the market growth in the coming years.

Scope of the Global Cognitive Electronic Warfare System Market

The purpose of the market analysis is to examine the global cognitive electronic warfare system market in terms of factors driving the market, trends, technological developments, and competitive benchmarking, among others.

The report further takes into consideration the market dynamics and the competitive landscape of the key players operating in the market.

Global Cognitive Electronic Warfare System Market Segmentation

The report constitutes an extensive study of the global cognitive electronic warfare system industry. The report largely focuses on providing market information on cognitive electronic warfare systems covering various segments and regions. The global cognitive electronic warfare system market is segmented on the basis of capability, platform, and region. While highlighting the key driving and restraining forces for this market, the report also provides a detailed study of the industry. The report analyzes different capabilities that include electronic attack, electronic protection, electronic support, and electronic intelligence. The platform segment is further segmented into naval, airborne, land, and space.

The global cognitive electronic warfare system market is segregated into four major regions, namely, North America, Europe, Asia-Pacific, and Rest-of-the-World. Data for each of these regions, along with country-level analyses, is provided in the market study.

Key Companies in the Global Cognitive Electronic Warfare System Industry

The key market players in the global cognitive electronic warfare system market include BAE Systems, Cobham Advanced Electronics Solutions, Elbit Systems, General Dynamics Corporation, Israel Aerospace Industries, L3 Harris Technologies Inc., Leonardo S.p.A., Northrop Grumman Corporation, Raytheon Technologies Corporation, SAAB AB, Textron Inc., Thales Group, Teledyne Technologies, and Ultra Electronic Group.

Key Questions Answered in this Report:

  • What are the major drivers, challenges, and opportunities for the global cognitive electronic warfare system market during the forecast period 2023-2033?
  • What are the recent trends in the airborne cognitive electronic warfare system segment?
  • Who are the key players in the global cognitive electronic warfare system market, and what is their competitive benchmarking?
  • What is the expected revenue generated by the global cognitive electronic warfare system market during the forecast period 2023-2033?
  • What are the strategies adopted by the key players in the market to increase their market presence in the industry?
  • Which capability (electronic attack, electronic protetction, electronic support and electronic intelligence) in the cognitive electronic warfare system market is expected to dominate the market in 2033?
  • What revenue are expected to be generated by the global cognitive electronic warfare system market (by platform) – naval, airborne, land, and space – in 2023, and what are the estimates till 2033?
  • What are the competitive strengths of the key players in the cognitive electronic warfare system market?
  • What would be the aggravated revenue generated by the cognitive electronic warfare system market segmented by region (North America, Europe, Asia-Pacific, and Rest-of-the-World) till 2033?

Key Topics Covered:

1 Markets
1.1 Industry Outlook
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Rising Need for Artificial Intelligence (AI)-Enabled Warfare Systems for Combatting Dynamic Threats
1.2.1.2 Growth in Territorial Conflicts and Geopolitical Instabilities
1.2.2 Business Challenges
1.2.2.1 Issues in Interpretation of Machine Learning Models
1.2.2.2 Technical Challenges with Cognitive Electronic Warfare System
1.2.3 Business Strategies
1.2.3.1 Product Developments and Innovations
1.2.4 Corporate Strategies
1.2.4.1 Partnerships, Collaborations, and Contracts
1.2.5 Business Opportunities
1.2.5.1 Rising Demand for Cognitive Electronic Warfare System across Advanced Economies
1.2.5.2 Advancements of Gallium Nitride (GaN) based Products in Electronic Warfare System

2 Application
2.1 Global Cognitive Electronic Warfare System Market (by Capability)
2.2 Demand Analysis of Cognitive Electronic Warfare System (by Capability)
2.2.1 Electronic Attack
2.2.2 Electronic Protection
2.2.3 Electronic Support
2.2.4 Electronic Intelligence

3 Products
3.1 Global Cognitive Electronic Warfare System Market (by Platform)
3.2 Demand Analysis of Cognitive Electronic Warfare System (by Platform)
3.2.1 Naval Platform
3.2.2 Airborne Platform
3.2.3 Land Platform
3.2.4 Space Platform

4 Regions
4.1 North America
4.2 Europe
4.3 Asia-Pacific
4.4 Rest-of-the-World

5 Markets – Competitive Benchmarking & Company Profiles
5.1 Competitive Benchmarking
5.2 BAE Systems
5.2.1 Company Overview
5.2.1.1 Role of BAE Systems in Cognitive Electronic Warfare System Market
5.2.1.2 Product Portfolio
5.2.1.3 Production Sites
5.2.2 Corporate Strategies
5.2.2.1 Mergers and Acquisitions
5.2.2.2 Partnerships, Contracts, and Joint Ventures
5.2.3 R&D Analysis
5.2.4 Strength and Weakness of BAE Systems
5.3 Cobham Advanced Electronics Solutions
5.3.1 Company Overview
5.3.1.1 Role of Cobham Advanced Electronics Solutions in Cognitive Electronic Warfare System Market
5.3.1.2 Product Portfolio
5.3.1.3 Production Sites
5.3.2 Corporate Strategies
5.3.2.1 Partnerships, Contracts, and Joint Ventures
5.3.3 Strength and Weakness of Cobham Advanced Electronics Solutions
5.4 Elbit Systems
5.4.1 Company Overview
5.4.1.1 Role of Elbit Systems in Cognitive Electronic Warfare System Market
5.4.1.2 Production Sites
5.4.2 Business Strategies
5.4.2.1 Market Developments
5.4.3 Corporate Strategies
5.4.3.1 Mergers and Acquisitions
5.4.3.2 Partnerships, Contracts, and Joint Ventures
5.4.4 R&D Analysis
5.4.5 Strength and Weakness of Elbit Systems
5.5 General Dynamics Corporation
5.5.1 Company Overview
5.5.1.1 Role of General Dynamics Corporation in Cognitive Electronic Warfare System Market
5.5.1.2 Product Portfolio
5.5.1.3 Production Sites
5.5.2 Corporate Strategies
5.5.2.1 Partnerships, Contracts, and Joint Ventures
5.5.3 Strength and Weakness of General Dynamics Corporation
5.6 Israel Aerospace Industries
5.6.1 Company Overview
5.6.1.1 Role of Israel Aerospace Industries in Cognitive Electronic Warfare System Market
5.6.1.2 Product Portfolio
5.6.1.3 Production Sites
5.6.2 Corporate Strategies
5.6.2.1 Partnerships, Contracts, and Joint Ventures
5.6.3 Strength and Weakness of Israel Aerospace Industries
5.7 L3 Harris Technologies Inc.
5.7.1 Company Overview
5.7.1.1 Role of L3 Harris Technologies Inc. in Cognitive Electronic Warfare System Market
5.7.1.2 Product Portfolio
5.7.1.3 Production Sites
5.7.2 Corporate Strategies
5.7.2.1 Partnerships, Contracts, and Joint Ventures
5.7.3 R&D Analysis
5.7.4 Strength and Weakness of L3 Harris Technologies Inc.
5.8 Leonardo S.p.A.
5.8.1 Company Overview
5.8.1.1 Role of Leonardo S.p.A. in Cognitive Electronic Warfare System Market
5.8.1.2 Product Portfolio
5.8.1.3 Production Sites
5.8.2 Corporate Strategies
5.8.2.1 Partnerships, Contracts, and Joint Ventures
5.8.3 Strength and Weakness of Leonardo S.p.A
5.9 Lockheed Martin Corporation
5.9.1 Company Overview
5.9.1.1 Role of Lockheed Martin Corporation in Cognitive Electronic Warfare System Market
5.9.1.2 Product Portfolio
5.9.1.3 Production Sites
5.9.2 Business Strategies
5.9.2.1 Market Developments
5.9.3 Corporate Strategies
5.9.3.1 Partnerships, Contracts, and Joint Ventures
5.9.4 R&D Analysis
5.9.5 Strength and Weakness of Lockheed Martin Corporation
5.1 Northrop Grumman Corporation
5.10.1 Company Overview
5.10.1.1 Role of Northrop Grumman Corporation in Cognitive Electronic Market
5.10.1.2 Product Portfolio
5.10.1.3 Production Sites
5.10.2 Corporate Strategies
5.10.2.1 Partnerships, Contracts, and Joint Ventures
5.10.3 R&D Analysis
5.10.4 Strength and Weakness of Northrop Grumman Corporation
5.11 Raytheon Technologies Corporation
5.11.1 Company Overview
5.11.1.1 Role of Raytheon Technologies Corporation in Cognitive Electronic Warfare System Market
5.11.1.2 Product Portfolio
5.11.1.3 Production Sites
5.11.2 Corporate Strategies
5.11.2.1 Partnerships, Contracts, and Joint Ventures
5.11.3 R&D Analysis
5.11.4 Strength and Weakness of Raytheon Technologies Corporation
5.12 SAAB AB
5.12.1 Company Overview
5.12.1.1 Role of SAAB AB in Cognitive Electronic Warfare System Market
5.12.1.2 Product Portfolio
5.12.1.3 Production Sites
5.12.2 Business Strategies
5.12.2.1 Market Developments
5.12.3 R&D Analysis
5.12.4 Strength and Weakness of SAAB AB
5.13 Textron Inc.
5.13.1 Company Overview
5.13.1.1 Role of Textron Inc. in Cognitive Electronic Warfare System Market
5.13.1.2 Product Portfolio
5.13.1.3 Production Sites
5.13.2 Corporate Strategies
5.13.2.1 Mergers and Acquisitions
5.13.3 Strength and Weakness of Textron Inc.
5.14 Thales Group
5.14.1 Company Overview
5.14.1.1 Role of Thales Group in Cognitive Electronic Warfare System Market
5.14.1.2 Product Portfolio
5.14.1.3 Production Sites
5.14.2 Business Strategies
5.14.2.1 Market Developments
5.14.3 Corporate Strategies
5.14.3.1 Partnerships, Contracts, and Joint Ventures
5.14.4 R&D Analysis
5.14.5 Strength and Weakness of Thales Group
5.15 Teledyne Technologies
5.15.1 Company Overview
5.15.1.1 Role of Teledyne Technologies in Cognitive Electronic Warfare System Market
5.15.1.2 Product Portfolio
5.15.1.3 Production Sites
5.15.2 Business Strategies
5.15.2.1 Market Developments
5.15.3 Strength and Weakness of Teledyne Technologies
5.16 Ultra Electronic Group
5.16.1 Company Overview
5.16.1.1 Role of Ultra Electronic Group in Cognitive Electronic Warfare System
5.16.1.2 Product Portfolio
5.16.1.3 Production Sites
5.16.2 Strength and Weakness of Ultra Electronic Group

6 Research Methodology

For more information about this report visit https://www.researchandmarkets.com/r/fc6j71


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Free Your Hands, QIDI Vida Smart AR Glasses Lead the Way in New Sports Experience.

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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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Risk Analytics Market worth $180.9 billion by 2029 – Exclusive Report by MarketsandMarkets™

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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
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=210662258
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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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.
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Robotic Palletizer Market worth $1.9 billion by 2029 – Exclusive Report by MarketsandMarkets™

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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.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=251064253
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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