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Global Crane Market is Predicted to Grow at a CAGR of 6.8% During 2022-2031; Growing Need for Housing, Rise in Constructional Activities and Automation of Logistics Equipment to Elevate the Market Growth – Kenneth Research

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New York, Oct. 18, 2022 (GLOBE NEWSWIRE) — Kenneth Research has published a detailed market report on ‘Global Crane Market’ for the forecast period, i.e. 2022 – 2031 which includes the following factors:

  • Market growth over the forecast period
  • Detailed regional synopsis
  • Market segmentation
  • Growth drivers
  • Challenges
  • Key market players and their detailed profiling

Global Crane Market Size:

The global crane market is estimated to garner a revenue of USD 62,084.1 Million in the year 2031, by growing at a CAGR of 6.8% over the forecast period, i.e., 2022 – 2031. Further, the market generated a revenue of USD 32,559.4 Million by the end of 2021. Increased demand for automation in logistics machinery is to elevate the market growth. With increase in e-commerce, enterprises are shifting towards complete automation of machines. Automation of intra-logistics have been found helpful for business expansion among nearly 61% of logistic operators. Furthermore, accelerated migration of people to urban areas is leading to construction of new homes. In developed nations, approximately 87% of people are expected to shift in urban areas by 2050. Along with this, surge in demands of all-terrain cranes over construction site is likely to boost the market growth. Mobile cranes manufacturers are expecting demand of about 35 units of 80-100 tons and nearly 60 units of 20-60 in all-terrain category.

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Global Crane Market: Key Takeaways

  • Asia Pacific region gains the largest portion of the revenue
  • Mobile crane segment to dominate the revenue graph
  • Construction & infrastructure sub-segment remains prominent in the end-user segment

Government Construction Programs for Residence and Commercial Infrastructure to Promote Market Growth

Government are taking dynamic initiatives for sufficing the need of growing population. There have various plans launched for the construction of residential and commercial infrastructure. For instance, in the recent bidding of India’s Regional Rapid Transport System (RRTS) project, Afcons Infra won a part of project of nearly USD 201.7 crores. The whole project is spread on the area of around 3500 km2. Furthermore, increased construction of new corporate buildings is likely to propel the market growth. National Buildings Corporation, in 2021, proposed the redevelopment of government projects of worth USD 4302.9 Million and it is planned to be finished in next 3 years.

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Global Crane Market: Regional Overview

The global crane market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa region.

Crane Market in the Asia Pacific is to Grow by Rise in Urbanization and Demand of Housing

With the rise in population, needs for housing is also increasing which leads to more construction. In the base fiscal year of 2021, India’s housing requirement grew by around 35% and is expected to increase again by nearly 10%. The Asia Pacific crane market garnered the revenue of USD 13186.5 million in 2021. By the end of 2031, the market value is expected to stand at USD 26075.3 million by growing at a CAGR of 7.2% over the forecast period. As of 2021, in India, shift to urbanization has driven approximately by 4% over the last decade. Therefore, market growth is also anticipated to augment on the account of growing urbanization.

Browse to access an In-depth research report on Global Crane Market with detailed charts and figures: https://www.kennethresearch.com/report-details/crane-market/10352418

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Rising Need for Rental Property, Increased Construction and Higher Investment to Fuel the Market Growth in Europe

Owing to increased demand for rental housing, commercial buildings, offices is prompting construction in Europe. According to European Commission, in broad construction sector, the number of enterprises has reached to 192,068 in 2019. Since last decade it has driven by 20.7% in 2020. Furthermore, government initiatives for renovating old homes and constructing new ones is likely to drive the market growth. For instance, in Brussels, under the Regional Hosing Plan and the Habitat Alliance, government is redeveloping existing housing and is constructing 6400 new houses. The Europe crane market is anticipated to garner the second largest revenue of USD 17011.0 Million by the end of 2031, up from a revenue of USD 9194.8 Million in the year 2021. Along with this, investment in machinery used for construction is to favor the market growth. OPAZ signed an agreement with Liebherr, a leading manufacturer of crane. Under the agreement, Liebherr is to furnish OPAZ with fully automated ship to shore container cranes and 12 rubber tire gantry cranes at a total value of nearly RO 28 million.

The study further incorporates Y-O-Y growth, demand & supply and forecast future opportunity in:

  • North America (U.S., Canada)
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe)
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, 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).

Global Crane Market, Segmentation by Type

  • Mobile Crane
  • Fixed Crane
  • Marine & Offshore Crane

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The mobile crane segment is to grow with the highest CAGR of 6.4% over the forecast period. The market generated a revenue of USD 16,464.8 million in 2021. The sale of mobile cranes is expected to grow on the account of accelerated constructional activities, higher demands for rental housing and logistics services. In 2021, nearly 8 million units were purchased. There is various sort of mobile cranes, such as all-terrain crane, rough terrain crane, crawler crane, truck loader crane and others. The mobile crane segment is expected to garner a revenue of USD 30,158.2 million by the end of 2031.

Global Crane Market, Segmentation by End User

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  • Construction & Infrastructure
  • Mining
  • Shipping & Transport
  • Oil & Gas
  • Marine & Off Shore
  • Others

By end user, the construction and infrastructure segment is to garner the maximum revenue of USD 16,521.6 million in the end of 2031. The market growth is attributed to rising construction of new homes. As of June 2022, nearly 2 billion new homes were constructed in United States. Furthermore, the rising demand of constructional equipment is to grow the crane market trends. The global sale volume of construction machinery is to reach over 1 million in 2022. Owing to all these factors the construction and infrastructure segment is to rise at a CAGR of 6.5% over the forecast period.

Global Crane Market, Segmentation by Sales

  • Aftermarket
  • New Sales

The global crane market that are profiled by Kenneth Research are Tadano Limited, Palfinger AG, Zoomlion Heavy Industry Science and Technology Co. Ltd., Liebherr International AG, Konecranes PLC, Favelle Favco Group, Kobelco Cranes Co. Ltd., Cargotec OYJ, Terex Corporation, Manitowoc, and others

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Recent Developments in the Global Crane Market

  • February 2021, Liebherr-Werk Ehingen GmbH made an announcement to switch to hydrogenated vegetable oil (HVO) to fuel the machines and cranes. As hydrogenated vegetable oil is Co2 neutral therefore, Liebherr committed to reduce about 6500o tons of greenhouse gas emission. From September onwards, the company will only use HVO to power their cranes, as their machine and cranes engines are approved for HVO.
  • April 2022, Palfinger AG, announced its strategic collaboration with Ammann, Rosenbauer, TTControl and Prinoth as a segment of Autonomous Operation Cluster (AOC). The prime motive of this intra industry collaboration is to provide modernise features based on advance artificial intelligence which aids the operators’ job, increase productivity and provide extra safety. It is also a solution to the biggest challenge faced by technology company that is to find compact solutions for tedious off-road operations, such as removal of snow, firefighting, cleaning of debris from landslides and others.

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India Industrial Automation Market Segmentation by Type (Fixed, Programmable, and Flexible Automation); by Component (Industrial Sensors, Industrial Robots, Industrial 3D Printers, Machine Vision Systems, Field Instruments, Vibration Monitoring); by Technology (SCADA, DCS, PLC, MES, PAC, HMI); by End-User (Oil & Gas, Metals & Mining, Semiconductor & Electronics, Automotive & Transportation, Machine Manufacturing, Food & Beverages, Chemicals)-Demand Analysis & Opportunity Outlook 2020-2025

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About Kenneth Research

Kenneth Research is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment, etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.

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Email: [email protected]

U.S. Phone: +1 313 462 0609

Web: https://www.kennethresearch.com/

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Artificial Intelligence

How AIoT shapes the future of mobility: Hikvision at ITS World Congress 2024

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HANGZHOU, China, Sept. 27, 2024 /PRNewswire/ — Hikvision made a significant impact at the ITS World Congress in Dubai with its captivating theme, “Embrace AIoT for safer, smarter, and greener mobility.” Its booth became a hub of innovation, where visitors explored AIoT solutions that are reshaping the transportation landscape, sparking deep conversations on the future of urban mobility.

Road safety revolution: harnessing AIoT for secure transportation
Hikvision’s commitment to road safety was on full display at its booth through the impressive array of AIoT solutions designed to create secure and reliable traffic environments. The company’s technology provides 24/7 traffic monitoring, ensuring continuous oversight of motor vehicles, non-motorized vehicles, pedestrians and environmental factors. This comprehensive, real-time information collection enables traffic managers to prevent accidents and enhance road safety. Among the showcased products was the 20 MP IR ANPR Checkpoint Capture Unit, renowned for its high-definition capture capabilities, bolstering traffic safety measures.
A standout innovation was the integration of advanced radar and camera technologies, ensuring uninterrupted, comprehensive detection even in adverse weather conditions. The Radar-Video Fusion Incident Detection Cameras, featured prominently in the product experience area, enable early detection and warning of potential hazards. They are particularly effective in challenging situations such as curved roads, blind spots at intersections, and obstacles beyond visual range.
Attendees also engaged with onboard monitoring products on the simulated bus, including dome network cameras, which is designed to enhance passenger safety. Driving assistance products, such as the Driver Status Monitor (DSM), were demonstrated to mitigate unsafe driving behaviors and ensure safer journeys.
Urban mobility redefined: smart traffic innovations
In the realm of smarter mobility, Hikvision showcased its multidimensional sensing technology, which integrates visible light sensors, infrared sensors, radar, and sonar. This technology expands perception capabilities, significantly improving traffic management and situational awareness. The use of AI-powered comprehensive sensing elevates incident monitoring and violation detection to unprecedented levels of accuracy and efficiency.
A major attraction was the Radar-Video Fusion TandemVu PTZ Camera, which integrates millimeter-wave radar with high-resolution cameras for extensive traffic detection and data analysis. AI-based algorithms combine these two systems to enhance target information, detecting up to 16 types of incidents. This leads to the development of a large-scale fusion model that merges spatial physical data with image semantic information. The result is ultra-long-range perception, achieving over 95% accuracy in vehicle trajectory detection. This robust system improves traffic violation management and optimizes traffic flow, significantly enhancing road efficiency.
At the simulated bus station, visitors observed how AI-assisted people counting automated the collection of passenger flow statistics at peak stop hours and bus line frequency during busy periods. Paired with smart bus stop digital signage, the solution improves bus service quality, operational efficiency, passenger experience, and overall public transport effectiveness.
Sustainable transportation: leading the charge for greener cities
Hikvision’s commitment to sustainable urban mobility was evident through its innovative green wave technology and eco-friendly checkpoint solutions. Green wave technology efficiently manages traffic flow to reduce congestion and lower carbon emissions, aligning with global sustainability goals. Visitors were particularly impressed by a case study showcasing a green wave solution implemented in Zhoushan, China. Over a stretch of 21 kilometers and 34 intersections, this main road cut travel times by 50%.
The use of DarkFighterX technology in checkpoint cameras also received significant attention. This technology senses both visible and invisible light, resulting in more accurate and realistic images. It enhances traffic violation enforcement efficiency while minimizing the need for high ambient light levels, thus reducing light pollution. The 9M DarkfightX ANPR Checkpoint Camera exemplified this dedication to environmental stewardship.
Frank Zhang, President of Hikvision MEA, remarked, “Hikvision supports sustainable urban planning by empowering traffic departments to address congestion and transportation challenges.” He further emphasized, “Our system’s openness fosters a secure and reliable platform for developing smart and green cities. Additionally, our solar technology is extensively utilized in remote areas, while our smart street lighting solutions reduce energy consumption by 20-30%, promoting intelligent urban transportation and advancing global sustainability objectives.”
Hikvision’s presence at the ITS World Congress in Dubai underscored its leadership in integrating AIoT technologies to drive safer, smarter, and greener mobility solutions. The engaging presentations and advanced product demonstrations captured significant attention from industry partners and customers, reaffirming the company’s role as a pioneer in shaping the future of urban transportation. As the world moves towards more intelligent and sustainable transportation systems, Hikvision remains at the forefront, embracing AIoT to create a safer, smarter, and greener future for all.
To find out more about Hikvision’s advanced traffic and public transport solutions, please explore the Hikvision official website.
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Artificial Intelligence

Anti-Drone Market worth $7.05 billion by 2029 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Sept. 27, 2024 /PRNewswire/ — The global anti-drone market was valued at USD 2.16 billion in 2024 and is projected to reach USD 7.05 billion by 2029; it is expected to register a CAGR of 26.7% during the forecast period according to a new report by MarketsandMarkets™. Increasing government spending on counter-drone technologies, rising incidence of critical infrastructure security breaches by unauthorized drones, and surge in adoption of aerial remote sensing technologies to safeguard critical infrastructure are attributed to the demand for anti-drone.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=177013645
Browse in-depth TOC on “Anti-Drone Market” 178 – Tables61 – Figures253 – Pages
Anti-Drone Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 2.16 billion
Estimated Value by 2029
$ 7.05 billion
Growth Rate
Poised to grow at a CAGR of 26.7%
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 System Type, Application, Platform type, Vertical, and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Vulnerability to hacking
Key Market Opportunities
Emphasis on improving unmanned aircraft systems technology
Key Market Drivers
Growing number of illicit activities
By System Type: Hybrid systems to account for the larger market share in the forecasted year.
The hybrid segment accounted for the largest share of the anti-drone market in 2029. The trends of integrating multiple anti-drone technologies are rising since they are most effective in detecting, tracking, and neutralizing drone threats. These systems merge electronic, kinetic, and lasers, providing a comprehensive defense solution against UAVs. Hybrid systems use electronic, kinetic, and laser-based countermeasures to offer optimum protection against drones. These systems are designed to detect, track, identify, categorize, and mitigate drones at operational wide ranges ranging from a few km up to tens of km.
By Platform: The ground-based segment accounted for the largest market share in the forecast year.
The ground-based segment will hold a major share of the anti-drone market in 2029. Many ground-based anti-drone systems use several electronic technologies, such as radar, IR sensors, acoustic systems, and RF & GNSS jammers. MESA radar solutions are used mostly for counter-UAS purposes, protecting critical infrastructure, military camps, and other security-sensitive sites from unauthorized drones. One such solution is EchoGuard, a ground-based airspace management solution that contains a software-defined 3D radar that can be specific to the site. This system can identify single or multiple off-chance drones, including swarms in unauthorized areas. They provide accurate and sustained airspace surveillance for the field of view (FOV) they are configured, and both human and AI-monitored visual checks. The system can be easily transported and integrated directly with the command-and-control centers or another identification sensor for portable use, and multiple units of the system can be combined to cover vast areas or lengths of borders. Major providers of ground-based counter-drone systems include companies like EchoDyne Corporation, DeTect, Meteksan Defense, and WhiteFox Defense. Acoustics-based Discovair G2 utilizes patented microphone arrays. With 128 interconnected microphone elements, the Discovair sensor units can establish azimuth and elevation to the target in real-time using advanced digital signal processing.
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By Region: Americas are expected to hold the largest share of the anti-drone market during the forecast period.
Americas is expected to capture the largest share in the anti-drone industry during the forecast period. The growth can be attributed to protecting crucial infrastructure in the region. Governments, particularly in the US, invest in anti-drone systems for military bases, borders, and critical infrastructure. For Instance, in April 2023, RTX secured a USD 237 million contract from the US Army to provide Ku-band Radio Frequency Sensors (KuRFS) and Coyote effectors. These systems are designed to detect and neutralize unmanned aircraft systems (UAS). The contract includes stationary and mobile systems and a specified quantity of effectors, all aimed at enhancing the Army’s operations within the US Central Command region.
Key Players-
The key companies offering anti-drone companies include RTX (US), Lockheed Martin Corporation (US), Leonardo S.p.A. (Italy), Thales (France), and IAI (Israel).
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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting
Related Reports: 
Drone Sensor Market Size, Share, Industry Growth & Trends by Sensor Type, Platform (VTOL Type, Fixed Wing Type, Hybrid Type), Application (Navigation, Collision Detection & Avoidance, Data Acquisition, Motion Detection, Power Monitoring), End Users and Region – Global Forecast to 2029
Smart Agriculture Market Size, Share, Statistics and Industry Growth Analysis Report by Offering (Hardware, Software, Services), Agriculture Type, Farm Size (Large, Medium, Small), Application (Precision Farming, Livestock Monitoring) and Region (America, Europe, Asia Pacific, Row) – 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. Rohan SalgarkarMarketsandMarkets™ INC. 1615 South Congress Ave.Suite 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: [email protected] Our Web Site: https://www.marketsandmarkets.com/Research Insight: https://www.marketsandmarkets.com/ResearchInsight/anti-drone-market.aspContent Source: https://www.marketsandmarkets.com/PressReleases/anti-drone.asp
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Artificial Intelligence

CluePoints Launches Medical & Safety Review (MSR) Software to Revolutionize Clinical Data Review

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CluePoints furthers its commitment to delivering innovative solutions that enhance clinical trial efficiency with this latest addition to its enterprise software platform.
KING OF PRUSSIA, Pa., Sept. 27, 2024 /PRNewswire/ — CluePoints continues to transform clinical trial review and leverage its industry-leading software to enhance the interrogation, analysis and presentation of data with the launch of its latest application, Medical & Safety Review (MSR).

The tool simplifies and streamlines the medical analysis of study data through user-friendly dashboards, data manipulation and cleaning, query management and full transparency over the data history. This not only improves efficiency and communication in medical oversight, but also elevates patient safety, differentiating MSR as a smarter and unique solution.
Designed by, and for Medical and Safety Reviewers, MSR converts the manual analysis of patient outcomes, which can be prone to inefficiency and error, into an accurate, efficient process. MSR tackles time-consuming study preparation for specific visualizations by featuring a comprehensive standard visualization library as well as the ability to copy and reuse dashboards across different studies, enabling the identification of outlying values, change tracking, and improved communication for smarter clinical trials.
Other benefits of MSR include:
Enhanced medical review efficiency and reduced human errors via automated checksReduced time spent by clinical and data management teams in reviewing dataImproved collaboration with integrated review workflows across departmentsEnsured record quality and accountability with comprehensive change trackingDriving faster decision making with the proactive detection of trends and safety issuesEnsuring regulatory compliance with rule-based detection and user assignmentsAndy Cooper, Chief Executive Officer at CluePoints, commented, “We are thrilled to announce the launch of Medical & Safety Review to our growing product offerings. MSR is the latest application addition to the CluePoints platform, which includes products such as Risk-Based Quality Management (RBQM) and our Site Profile & Oversight Tool (SPOT). Together, they provide a comprehensive approach to clinical trial optimization, enhancing data integrity, ensuring regulatory compliance, and accelerating drug development. The creation of MSR ensures a more streamlined review process while prioritizing patient safety at every step and empowers medical teams to swiftly identify outliers, track data changes, and improve communication.”
To learn more about CluePoints’ award-winning solutions, please visit www.cluepoints.com
About CluePoints
CluePoints is the premier Risk-Based Quality Management (RBQM) and Data Quality Oversight Software provider. We are leveraging the potential of Artificial Intelligence using Advanced Statistics and Machine Learning to determine the quality, accuracy, and integrity of clinical trial data both during and after study conduct. Aligned with guidance from the FDA, EMA, and ICH E6 (R2), CluePoints is deployed to support central and on-site monitoring, medical review, quality risk management and to drive a holistic Risk-Based strategy in all trials. Coupled with thought leadership and consulting expertise to aid pre-study risk assessment, identification of risk controls and solution implementation, you now have everything you need to adhere with global regulatory guidance. The result is positive clinical development outcomes, increased operational efficiency, lower costs and reduced regulatory submission risk as part of the industry paradigm shift to RBQM.
 

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