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Global Autonomous Construction Equipment Market Report 2021 Featuring Caterpillar, Komatsu, Volvo Group, Doosan, Hitachi & Construction Machinery

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Dublin, Nov. 01, 2021 (GLOBE NEWSWIRE) — The “Global Autonomous Construction Equipment Market Opportunities And Strategies To 2030: COVID-19 Growth And Change” report has been added to ResearchAndMarkets.com’s offering.

The global autonomous construction equipment reached a value of nearly $8,455.1 million in 2020, having increased at a compound annual growth rate (CAGR) of 3.4% since 2015. The market is expected to grow from $8,455.1 million in 2020 to $16,897.2 million in 2025 at a CAGR of 14.9%. The market is further expected to reach $26,861.6 million in 2030 at a CAGR of 9.7%.

Growth in the historic period resulted from strong economic growth in emerging markets, rise in construction activity, low interest rate environment, and need for safety in construction. Factors that negatively affected growth in the historic period were fluctuating raw material prices, lack of experience in using autonomous technology, and geopolitical tensions.

Going forward, labor shortage, rising safety concerns and technological advances will drive the growth. Factors that could hinder the growth of the autonomous construction equipment in the future include safety and cyber security issues, and coronavirus pandemic.

The autonomous construction equipment market is segmented by automation level into partial/semi-autonomous and fully autonomous. The partial/semi-autonomous market was the largest segment of the autonomous construction equipment segmented by automation level, accounting for 97.0% of the total in 2020. Going forward, the fully autonomous segment is expected to be the fastest growing segment in the autonomous construction equipment segmented by automation level, at a CAGR of 49.1% during 2020-2025.

The autonomous construction equipment market is also segmented by product type into earth moving equipment, material handling equipment and concrete & road construction equipment. The material handling equipment market was the largest segment of the autonomous construction equipment segmented by product type, accounting for 41.1% of the total in 2020.

Going forward, the earth moving equipment segment is expected to be the fastest growing segment in the autonomous construction equipment market segmented by product type, at a CAGR of 15.9% during 2020-2025.

The autonomous construction equipment market is also segmented by application into road construction, building construction and others. The building construction market was the largest segment of the autonomous construction equipment segmented by application, accounting for 52.0% of the total in 2020, and it is expected to be the fastest growing segment in the autonomous construction equipment market segmented by application, at a CAGR of 15.6% during 2020-2025.

Asia-Pacific was the largest region in the global autonomous construction equipment, accounting for 35.4% of the total in 2020. It was followed by North America and Western Europe, and then the other regions. Going forward, the fastest-growing regions in the autonomous construction equipment will be the Asia-Pacific, and Middle East, where growth will be at CAGRs of 17.0% and 15.7% respectively. These will be followed by Africa, and the North America, where the markets are expected to grow at CAGRs of 14.9% and 14.0% respectively.

The global autonomous construction equipment is concentrated, with a small number of large players in the market. The top ten competitors in the market made up to 77.5% of the total market in 2020. Major players in the market include Caterpillar Inc., Komatsu Limited, Volvo Group, Doosan Corporation and Hitachi Construction Machinery Co., Ltd.

The top opportunities in the autonomous construction equipment segmented by automation level will arise in the partial/semi-autonomous segment, which will gain $6,833.8 million of global annual sales by 2025.

The top opportunities in the autonomous construction equipment segmented by product will arise in the earth moving equipment segment, which will gain $3,732.1 million of global annual sales by 2025. The top opportunities in the autonomous construction equipment segmented by application will arise in the building construction segment, which will gain $4,694.4 million of global annual sales by 2025. The autonomous construction equipment size will gain the most in USA at $2,107.2 million.

Key Topics Covered:

1. Executive Summary

2. Table of Contents

3. List of Figures

4. List of Tables

5. Report Structure

6. Introduction

7. Autonomous Construction Equipment Market Characteristics
7.1. Market Segmentation By Automation Level
7.1.1. Partial/Semi-Autonomous
7.1.2. Fully Autonomous
7.2. Market Segmentation By Product Type
7.2.1. Earth Moving Equipment
7.2.2. Material Handling Equipment
7.2.3. Concrete & Road Construction Equipment
7.3. Market Segmentation By Application
7.3.1. Road Construction
7.3.2. Building Construction
7.3.3. Others

8. Autonomous Construction Equipment Market Trends And Strategies
8.1. Artificial Intelligence Driven Construction Machinery
8.2. High-Resolution Imaging Radar Technology
8.3. Robotic Construction Machinery
8.4. IoT Based Autonomous Construction Machinery
8.5. Strategic Collaborations And Partnerships
8.6. Increasing Mergers And Acquisitions

9. Impact Of COVID-19 On Autonomous Construction Equipment
9.1. Impact On Equipment Production
9.2. Impact On Equipment Demand
9.3. Autonomous Technology Adoption During The COVID-19 Pandemic
9.4. Future Outlook

10. Global Autonomous Construction Equipment Market Size And Growth
10.1. Market Size
10.2. Historic Market Growth, 2015 – 2020, Value ($ Million)
10.3. Forecast Market Growth, 2020 – 2025, 2030F, Value ($ Million)

11. Global Autonomous Construction Equipment Market Segmentation
11.1. Global Autonomous Construction Equipment Market, Segmentation By Automation Level, Historic And Forecast, 2015 – 2020, 2025F, 2030F, Value ($ Million)
11.1.1. Partial/Semi-Autonomous
11.1.2. Fully Autonomous
11.2. Global Autonomous Construction Equipment Market, Segmentation By Product Type, Historic And Forecast, 2015 – 2020, 2025F, 2030F, Value ($ Million)
11.2.1. Material Handling Equipment
11.2.2. Earth Moving Equipment
11.2.3. Concrete & Road Construction Equipment
11.3. Global Autonomous Construction Equipment Market, Segmentation By Application, Historic And Forecast, 2015 – 2020, 2025F, 2030F, Value ($ Million)
11.3.1. Building Construction
11.3.2. Road Construction
11.3.3. Others

12. Autonomous Construction Equipment Market, Regional And Country Analysis
12.1. Global Autonomous Construction Equipment Market, By Region, Historic and Forecast, 2015 – 2020, 2025F, 2030F, Value ($ Million)
12.2. Global Autonomous Construction Equipment Market, By Country, Historic and Forecast, 2015 – 2020, 2025F, 2030F, Value ($ Million)

Companies Mentioned

  • Caterpillar Inc.
  • Komatsu Limited
  • Volvo Group
  • Doosan Corporation
  • Hitachi Construction Machinery Co., Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/6f2gxt


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Artificial Intelligence

Global Insurance Provider Selects 3CLogic to Streamline AI and Contact Center Capabilities with ServiceNow

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Multinational Insurance Broker to deploy 3CLogic’s solution with ServiceNow’s Financial Service Operations (FSO) platform to streamline customer experiences.
ROCKVILLE, Md., April 25, 2024 /PRNewswire/ — 3CLogic, the leading Conversational AI and Contact Center solution for ServiceNow®, today announced its selection by a global insurance provider to replace its existing contact center infrastructure as part of a larger CX transformation effort. The strategic decision is designed to complement the organization’s use of ServiviceNow’s Financial Services Operations (FSO) offering leveraged across a number of its existing product lines including Customer Warranty Claims, Roadside Assistance, and Home Warranties.

Serving millions of customers worldwide with innovative insurance and protective products, the organization required a solution that would enhance its recent investment in the ServiceNow platform as it works to transform its end-to-end customer service operations. The deployment will incorporate several of 3CLogic’s AI-powered capabilities purpose-built for ServiceNow, including Conversational AI, Speech Analytics, and AI Performance & Coaching, along with integrated call transcriptions, convenient 2-way SMS, and ServiceNow-centralized contact center reporting.
“We continue to see enterprises eager to complement their existing investment in digital platforms, such as ServiceNow, with contact center features purpose-built to extend the workflows and features they already have and use,” explains Matt Durkin, VP of Global Sales at 3CLogic. “It’s no secret that organizations are already juggling too many systems, often with overlapping capabilities, which impacts ROI and operational efficiency. We’re proud to offer an alternative approach that helps simplify the technology stack while optimizing the overall operational costs and outcomes.”
Recently named to Constellation Research’s 2024 Shortlist for Digital Customer Service and Support, 3CLogic has seen global adoption of its solution by leading enterprises in healthcare, manufacturing, travel, retail, higher education, finance, non-profits, and Managed Service Providers across five continents. As a ServiceNow-certified Technology and Build partner with offerings available for ServiceNow’s IT Service Management, Customer Workflows, HR Service Delivery, and Source-to-Pay solutions, the company will be unveiling its latest set of capabilities at ServiceNow’s annual Knowledge 2024 event this May in Las Vegas.
For more information, please contact [email protected].
About 3CLogic3CLogic transforms customer and employee experiences with its leading Cloud Contact Center and AI solutions purpose-built to enhance today’s leading CRM and Customer Service Management platforms. Globally available and leveraged by the world’s leading brands, its offerings empower enterprise organizations with innovative features such as intelligent self-service, generative and Conversational AI, agent automation & coaching, and AI-powered sentiment analytics – all designed to lower operational costs, maximize ROI, and optimize each interaction across IT Service Desks, Customer Support, Sales or HR Services teams. For more information, please visit www.3clogic.com.
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ScreenPoint Medical Leadership Transition: Pieter Kroese Confirmed as CEO

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Leading Breast AI Company, creator of industry-leading Transpara®, promotes from within for new CEO
NIJMEGEN, Netherlands, April 25, 2024 /PRNewswire/ — ScreenPoint Medical, today announced a significant transition in its leadership as Mark Koeniguer, the current CEO, steps down from his position. Mark served as CEO since 2022 and was instrumental in ScreenPoint’s commercial growth and success over the past 2 years.

 
 
The company’s Board of Directors has appointed Pieter Kroese as the new Chief Executive Officer effective April 25, 2024. Pieter takes the role after serving as COO of ScreenPoint for over five years. During that time, he has managed the transition of the company from an early startup to a thriving enterprise with hundreds of customers using ScreenPoint’s flagship Transpara software to support millions of scans a year.
“I am thrilled to lead ScreenPoint into its next phase of growth and innovation,” said Mr. Kroese. “I am deeply committed to building upon the strong foundation we have and continuing to work closely with our talented team to drive continued success. We are already expanding screening capacity and capability through proven reader support – we look forward to increasing our ability to support providers and women moving forward.”
Sir Michael Brady, Chairman of the Board at ScreenPoint Medical and a co-founder of the company, expressed enthusiasm about Pieter’s appointment, stating, “Pieter’s remarkable leadership qualities, coupled with his depth of knowledge of our product and industry, make him the perfect choice to lead ScreenPoint into the future. His strategic mindset and commitment to excellence align perfectly with our company mission of early breast cancer detection. Pieter has been an integral part of our growth to date and will provide seamless leadership through this transition into our next chapter for our customers, partners, and team.”
Author of “No Longer Radical” and over a hundred peer-reviewed publications on breast imaging, Dr. Rachel Brem is a Transpara user and ScreenPoint Board Member. Dr. Brem welcomed Mr. Kroese with the following: “Pieter has been an integral part of the ScreenPoint team for years. I am confident that his leadership will continue to deliver product excellence: earlier detection with outstanding reading workflow and improved patient outcomes. We continue to see these results from clinical sites all over the world, including many here in the United States. No other Breast AI solution has demonstrated the same results as Transpara, and I am confident that the team will continue to push on these frontiers under Pieter’s leadership.” 
The entire team at ScreenPoint extends its gratitude to Mark Koeniguer and wishes him every success in the future, while warmly welcoming Pieter Kroese into his new role as CEO.
About ScreenPoint Medical
ScreenPoint Medical translates cutting edge machine learning research into technology accessible by radiologists to improve screening workflow, decision confidence and breast cancer risk assessment. Transpara is trusted by radiologists globally because it has been developed by experts in machine learning and image analysis and updated with user feedback from world-renowned breast imagers.
See all the proof at: https://screenpoint-medical.com/evidence.
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Robotics Market to Surpass USD 126.96 Billion by 2031 | SkyQuest Technology

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WESTFORD, Mass., April 25, 2024 /PRNewswire/ — The growing need for automation, technological developments, and long-term cost reductions are driving a robust expansion in the worldwide robotics market. SkyQuest projects that Global Robotics Market size is poised to grow from USD 41.50 Billion in 2023 to USD 126.96 Billion by 2031, at a CAGR of 15% during the forecast period (2024-2031).

Download a detailed overview:
https://www.skyquestt.com/report/robotics-market
Browse in-depth TOC on the “Robotics Market”
Pages – 202Tables – 64Figures – 75Robotics Market Overview:
Report Coverage
Details
Market Revenue in 2023
$41.50 billion
Estimated Value by 2031
$126.96 billion
Growth Rate
Poised to grow at a CAGR of 15%
Forecast Period
2024–2031
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Application, End Users, and Region
Geographies Covered
North America, Europe, Asia Pacific, and the Rest of the world
Report Highlights
Collaborative Robotics
Key Market Opportunities
Prompting Several Industries to Adopt Automation Technologies
Key Market Drivers
Increasing Demand for Automation
Surge of Automation is Supporting Growth of Robotics Industry 
The industrial sector is generating high revenues for the global robotics market owing to extensive automation in manufacturing, which increases productivity and lowers overall production costs. Assembly line, painting, and welding robots have become essential, thereby propelling substantial market expansion in the automotive, electronics, and heavy duty sectors. Due to the increased usage of robots for non-manufacturing functions such as customer service, shipping, and healthcare, the services sector is expanding quickly. This rapid growth is being driven by technological improvements and the push for automation in services.
Surge in Advance Robotics is Bolstering Market Growth
The use of robotics in manufacturing processes is growing, and innovation in this field is happening quickly worldwide. By increasing productivity, efficiency, and precision, advanced robotics technologies—such as AI-driven automation systems and collaborative robots, or cobots—are transforming the manufacturing sector. The dominance of manufacturing in the worldwide robotics market is fuelled by the integration of robotics into manufacturing facilities, which helps businesses remain competitive in today’s dynamic market scenario.
Rising Interest in Service Robotics is Driving Demand for Robotics in Asia Pacific
Due to the strong demand for industrial and service robots in the region, Asia Pacific now leads the global robotics industry. China, Japan, and South Korea are among the nations that have made significant investments in the robotics sector recently. The Middle East and Africa are anticipated to register the fastest-growing rate for the global robotics market. The expansion is ascribed to the region’s growing adoption of automation technology, especially in the manufacturing and logistics industries.
Request Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/robotics-market
Drivers:
Increasing Demand for AutomationAdvancements in AI and Machine Learning TechnologiesRestraints:
High Initial InvestmentsLack of Skilled WorkforceProminent Players in Global Robotics Market:
FANUC America Corporation (US)Epson Robotics (Japan)Staubli International AG (Switzerland)YRG Inc. (US)Comau S.p.A. (Italy)Northrop Grumman Corporation (US)Honda Motor Co., Ltd. (Japan)Seiko Epson Corporation (Japan)Yamaha Motor Co., Ltd. (Japan)Adept Technology, Inc. (US)View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/robotics-market
Key Questions Answered in Global Robotics Market Report
How big is the global robotics market, and what compound annual growth rate (CAGR) is it anticipated to deliver between 2024 and 2031?Which industries are fuelling the need for automation and fostering the expansion of the robotics sector?What impact have recent technological advancements and innovations had on the direction of the robotics market?Which well-known companies in the robotics industry are also major players in the global robotics market?This report provides the following insights:
Analysis of key drivers (increasing demand for automation across industries, improved the overall efficiency, productivity of the processes, demand for automation), restraints (high initial investments, difficult for small and medium-sized enterprises to invest, robots, sensors, and other equipment required not delivered), opportunities (advancements in AI and machine learning technologies, new opportunities for the robotics market, perform complex tasks with high accuracy), and challenges (lack of skilled workforce, maintenance of these robotics systems) influencing the growth of robotics marketMarket Penetration: Comprehensive information on the product portfolios offered by the top players in the robotics marketProduct Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the robotics marketMarket Development: Comprehensive information on lucrative emerging regionsMarket Diversification: Exhaustive information about new products, growing geographies, and recent developments in the marketCompetitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players.Related Reports:
Global Service Robotics Market
Global Soft Robotics Market
Global Warehouse Robotics Market
Global Cloud Robotics Market
Global Robotic Welding Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific. 
Contact:Mr. Jagraj SinghSkyquest Technology1 Apache Way,Westford,Massachusetts 01886USA (+1) 351-333-4748Email: [email protected] Our Website: https://www.skyquestt.com/

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