Artificial Intelligence
Global Grinding Machines Market to Reach $8.9 Billion by 2030
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New York, March 09, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Grinding Machines Industry” – https://www.reportlinker.com/p04484197/?utm_source=GNW
Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China’s already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
Global Grinding Machines Market to Reach $8.9 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Grinding Machines estimated at US$5.2 Billion in the year 2022, is projected to reach a revised size of US$8.9 Billion by 2030, growing at aCAGR of 6.9% over the period 2022-2030. Surface Grinding Machines, one of the segments analyzed in the report, is projected to record 6.9% CAGR and reach US$3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Cylindrical Grinding Machines segment is readjusted to a revised 7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 10.9% CAGR
The Grinding Machines market in the U.S. is estimated at US$1.4 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$2 Billion by the year 2030 trailing a CAGR of 10.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 5.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.
Select Competitors (Total 143 Featured)
– 3M Company
– Amada Co, Ltd.
– ANCA Pty. Ltd.
– Chevalier Machinery, Inc.
– Danobat Group
– ELB-SCHLIFF Werkzeugmaschinen GmbH
– EMAG GmbH & Co. KG
– Falcon Machine Tools Co., Ltd.
– Fives Group
– Glebar Co.,
– Hardinge, Inc.
– Heinz Berger Maschinenfabrik GmbH & Co. KG
– JTEKT Corporation
– Kent Industrial Co., Ltd.
– Komatsu Ltd.
– Koyo Machinery USA, Inc.
– Kunshan Huachen Heavy Machinery Co., Ltd.
– Mitsubishi Heavy Industries Machine Tool Co., Ltd.
– Okamoto Corporation
– Pietro Carnaghi Spa
– Shanghai Machine Tool Works Ltd.
– Shigiya (USA) Ltd.
– Sumitomo Heavy Industries Ltd.
– Toshiba Machine Co., Ltd.
– United Grinding Group Management AG
Read the full report: https://www.reportlinker.com/p04484197/?utm_source=GNW
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Grinding Machines: Delivering Ever Increasing Levels of
Dimensional Accuracy, Unimaginable Tolerance Levels, and High
Precision
The Indispensable Role of Grinding Machines in Industrial
Applications: Foundation for Market Growth
Materials, Process Kinematics, and Wheel Speeds
Adaptive Control Bring Great Improvements in Removal Rates
Critical Role of Grinding Fuels
Growing Preference for Super-Abrasives Wheels, CBN and Diamond
Increasing Integration of Artificial Intelligence (AI) in
Grinding Systems
Market Fortunes Intrinsically Linked to the Machine Tools Industry
Key Growth Drivers Summarized
Technology Refinements Boost Demand for Numerical Control (NC)
Machine Tools
Advent of 3D-Printing Machines Marks the Emergence of Next
Generation Machine Tools
Steady Growth Anticipated for Multitasking Machine Tools
Smart Machines Surge in Popularity
Robotic-Assisted Technology and Automation Spurs Growth
Global Market Outlook
Continued Recovery in Global GDP & Manufacturing PMI Supports
Growth Momentum
Despite Slowdown in Economic Growth, China Continues to
Dominate Global Sales of Grinding Machines
Grinding Machines – Global Key Competitors Percentage Market
Share in 2022 (E)
Competitive Market Presence – Strong/Active/Niche/Trivial for
Players Worldwide in 2022 (E)
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3M Company (USA)
Amada Co, Ltd. (Japan)
Amada Machine Tools America, Inc. (USA)
ANCA Pty. Ltd. (Australia)
C & B Machinery (USA)
Danobat Group (Spain)
Delapena Honing Equipment Ltd. (UK)
ELB-SCHLIFF Werkzeugmaschinen GmbH (Germany)
Aba Grinding Technologies GmbH, Aschaffenburg (Germany)
EMAG GmbH & Co. KG (Germany)
Falcon Machine Tools Co., Ltd. (Taiwan)
Chevalier Machinery, Inc. (USA)
Fives Group (France)
Gleason Corporation (USA)
Glebar Co. (USA)
Hardinge, Inc. (USA)
L. KELLENBERGER & Co. AG (Switzerland)
Jones & Shipman Hardinge Limited (UK)
Heinz Berger Maschinenfabrik GmbH & Co. KG (Germany)
HTC Sweden AB (Sweden)
IMT SpA-Stabilimento MORARA – DE.CI.MA (Italy)
JTEKT Corporation (Japan)
JTEKT Toyoda Americas Corporation (USA)
Junker Group (Germany)
Erwin Junker Maschinenfabrik GmbH (Germany)
Kent Industrial Co., Ltd. (Taiwan)
Komatsu Ltd. (Japan)
Koyo Machinery USA, Inc. (USA)
Kunshan Huachen Heavy Machinery Co., Ltd. (China)
Matrix Machine Tool (Coventry) Limited (UK)
Mitsubishi Heavy Industries Machine Tool Co., Ltd. (Japan)
Okamoto Corporation (Japan)
Okuma Corporation (Japan)
Pietro Carnaghi Spa (Italy)
Qinchuan Machine Tool & Tool (Group) Corp. (China)
Shanghai Machine Tool Works Ltd. (China)
Shigiya (USA) Ltd.
Sumitomo Heavy Industries Ltd. (Japan)
Taiyo Koki Co., Ltd. (Japan)
Toshiba Machine Co., Ltd. (Japan)
UNITED GRINDING Group Management AG (Switzerland)
UNITED GRINDING North America, Inc. (USA)
UVA LIDKÖPING AB (Sweden)
3. MARKET TRENDS & DRIVERS
Launch of Revolutionary Grinding Platforms and Solutions for
Industry 4.0/Smart Factory Drive Healthy Growth in Demand
Digital Smart Grinding Solutions from United Grinding Group
Revolutionary Air-Operated Grinder Integrated with the Novel
DIQ Platform Technology
ANCA?s Robotic Loader and Other Innovations
Robustness, Flexibility, and Numerous Other Benefits Drive
Implementation of CNC Grinding Machines in the Metal Casting
Industry
Advantages and Disadvantages of CNC Technology
Challenges to Implementing CNC Technology
Future of Automation in CNC Grinding
Multi-Robot Production Cell Technology Opens Up Several
Opportunities
Robotics to Emerge as an Intrinsic Part of CNC Grinding Machines
Superior Attributes over Milling and Turning Boosts Demand in
Aerospace Engine and Components Manufacturing
Machining Platforms Evolve to Address Specific Needs of the
Aerospace Industry
Custom Grinding and Dressing Solutions for Aerospace Parts
Use of New and Different Materials in Aerospace Building
Provide Opportunities
Rise in Aircraft Fleet Drive Long-term Opportunities
Healthy Growth of the Commercial Aviation Sector Signals
Opportunities
Surging Popularity of Laser Machines in Handling Tough Tool
Grinding Promote Market Adoption
Medical Orthopedic Implants Opens Up New Avenues for Future Growth
CNC Tool Grinders Find Growing Use in Orthopedic Implants Grinding
Increasing Use in Electrical Appliances and Electronics
Manufacturing Drive Demand for Die Grinders
Efficiency and Productivity Benefits Drive Demand in the Cement
Manufacturing Industry
Increasing Proliferation of Advanced Technologies in Gear
Grinding Lends Traction to Market Growth
Solutions to Reduce Noise
Accelerating Grinding Time
Enhanced Polish Grinding
Several Critical Applications in Semiconductor Manufacturing
Spurs Demand for Grinding Machines
Growing Demand for New Generation Automobiles Extends
Opportunities for Grinding Machines
Shortage of Skilled Labor is Driving Automation in Grinding
Machinery
Automated Grinding and Finishing Technology
Innovative System for Automated Floor Grinding
Robotic Automation and Grinding Machines: Complimentary to Each
Other or Substitutes?
Robotic Technology for Efficient High Payload Operations
Growing Share of Renewables Drive Demand for Grinding Machines
in Wind Turbines Production
Recovery in Construction Activity Worldwide Benefits Market
Prospects
Asia-Pacific Continues to Dominate the Global Market, Also
Offers Significant Growth Opportunities
Outsourcing of Manufacturing Activity Boosts Demand for
Grinding Machines in Developing Countries
Other Steadily Growing End-Use Markets for Grinding Machines
Job Shops Industry
Heavy Machinery Industry
WEINIG Rondamat Range of Universal Grinding Machines
GrindSmart Grinding Machines for Small and Large Tools
OD-1524X-CNC OD-Cylindrical Grinder
Innovative, Dual Spindle Grinding System for Complex OD and ID
Grinding
VGring-360 that Allows Solid Carbide Tools? Multi-Level Machining
Supertec?s Novel Machine Tools and Grinders Range
Five-Axis Grinding Machinery with Increased Axis Movement
Helitronic-Power 400 & Helitronic-Power Diamond 400 Systems
Spiro F12 and Spiro F5
MEISTER-G3 and GLS-150GL Grinders
NXT Tool Grinding System
The Zema Line: Novel Corundum Grinding Systems Range
3-in-1 Diamond-Grinding Wheels
VG-110 for Large Scale Internal Out-of-Round Machining Needs
Innovative Fixture for Shoe-Grinding in Cylindrical Grinding
Machines
Expanded Range of Vertical Clamp Bore Micro-finishing Grinders
Novel Swing Arm Double Disc Grinder
Innovative Machines by Thielenhaus Microfinish
Norton Pneumatic Die Grinder
Reinvention of Weldon Midas Series
WireDress ® Technology for Metal-Bonded Grinding
Electro-Discharge (EDM) and Electrochemical (ECM) Dressing
Integrated Dressing with STUDER-WireDress®
No Wear of the Dressing Device
Integrated Control Unit in the Control System of the Grinding
Machine
MicroStar iQ: A Flat-Finishing Machine that can Self-Regulate
NUMgrind Software Simplifies Programming of CNC Precision
Grinding Machines
SG 160 SKYGRIND Technology Revolutionizes Gear Grinding Process
Precision Grinding for Sheet Metal Fine Machining
Robot-Guided Flexible Deburring
Lapmaster Wolters? Device for High Quality Profile and Surface
Grinding
Varia: New Improved Universal Cylindrical Grinder
Double Column Surface Grinding Machine
High Speed Compact Internal CNC Grinder
Tiger Ceramic: High Performance Range of Cutting, Grinding, and
Combination Wheels
High Level Cylindrical Grinding Technology
Optimizing User Profitability
ILD Series of Universal Internal Grinding Machines
IRD 200 and IRD 400: Radial and Internal Grinding Machines
Rotary Surface Grinder
High Performance Precision ID Grinder
Upgrading of LGG Range of Grinding Machines
M 18 FUEL ¼? Die Grinder
GPD Double-Drive CNC Cylindrical Grinders
4.5-inch Diamond Grinding Wheel with Long Life
Dual Station Universal Belt Grinder for Enhanced Grinding
JUMAT 6S Grinding Machine
Double Disc Grinding Process for DD-7 Grinders
4. GLOBAL MARKET PERSPECTIVE
Table 1: World Recent Past, Current & Future Analysis for
Grinding Machines by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets – Independent Analysis of Annual Sales in US$
Million for Years 2022 through 2030 and % CAGR
Table 2: World Historic Review for Grinding Machines by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 3: World 16-Year Perspective for Grinding Machines by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa Markets for Years 2014, 2023 & 2030
Table 4: World Recent Past, Current & Future Analysis for
Surface Grinding Machines by Geographic Region – USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2022 through 2030 and % CAGR
Table 5: World Historic Review for Surface Grinding Machines by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 6: World 16-Year Perspective for Surface Grinding
Machines by Geographic Region – Percentage Breakdown of Value
Sales for USA, Canada, Japan, China, Europe, Asia-Pacific,
Latin America, Middle East and Africa for Years 2014, 2023 &
2030
Table 7: World Recent Past, Current & Future Analysis for
Cylindrical Grinding Machines by Geographic Region – USA,
Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa Markets – Independent Analysis of Annual
Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 8: World Historic Review for Cylindrical Grinding
Machines by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Million
for Years 2014 through 2021 and % CAGR
Table 9: World 16-Year Perspective for Cylindrical Grinding
Machines by Geographic Region – Percentage Breakdown of Value
Sales for USA, Canada, Japan, China, Europe, Asia-Pacific,
Latin America, Middle East and Africa for Years 2014, 2023 &
2030
Table 10: World Recent Past, Current & Future Analysis for
Center-less Grinding Machines by Geographic Region – USA,
Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa Markets – Independent Analysis of Annual
Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 11: World Historic Review for Center-less Grinding
Machines by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Million
for Years 2014 through 2021 and % CAGR
Table 12: World 16-Year Perspective for Center-less Grinding
Machines by Geographic Region – Percentage Breakdown of Value
Sales for USA, Canada, Japan, China, Europe, Asia-Pacific,
Latin America, Middle East and Africa for Years 2014, 2023 &
2030
Table 13: World Recent Past, Current & Future Analysis for
Other Product Segments by Geographic Region – USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2022 through 2030 and % CAGR
Table 14: World Historic Review for Other Product Segments by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 15: World 16-Year Perspective for Other Product Segments
by Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2014, 2023 & 2030
Table 16: World Recent Past, Current & Future Analysis for
Automotive by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Million
for Years 2022 through 2030 and % CAGR
Table 17: World Historic Review for Automotive by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2014 through 2021 and
% CAGR
Table 18: World 16-Year Perspective for Automotive by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2014, 2023 & 2030
Table 19: World Recent Past, Current & Future Analysis for
General Machinery by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets – Independent Analysis of Annual Sales in US$
Million for Years 2022 through 2030 and % CAGR
Table 20: World Historic Review for General Machinery by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 21: World 16-Year Perspective for General Machinery by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2014, 2023 & 2030
Table 22: World Recent Past, Current & Future Analysis for
Precision Engineering by Geographic Region – USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2022 through 2030 and % CAGR
Table 23: World Historic Review for Precision Engineering by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 24: World 16-Year Perspective for Precision Engineering
by Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2014, 2023 & 2030
Table 25: World Recent Past, Current & Future Analysis for
Transport Machinery by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets – Independent Analysis of Annual Sales in US$
Million for Years 2022 through 2030 and % CAGR
Table 26: World Historic Review for Transport Machinery by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 27: World 16-Year Perspective for Transport Machinery by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2014, 2023 & 2030
Table 28: World Recent Past, Current & Future Analysis for
Other Applications by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets – Independent Analysis of Annual Sales in US$
Million for Years 2022 through 2030 and % CAGR
Table 29: World Historic Review for Other Applications by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 30: World 16-Year Perspective for Other Applications by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2014, 2023 & 2030
Table 31: World Grinding Machines Market Analysis of Annual
Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
Grinding Machines Market Presence – Strong/Active/Niche/Trivial –
Key Competitors in the United States for 2023 (E)
Table 32: USA Recent Past, Current & Future Analysis for
Grinding Machines by Product Segment – Surface Grinding
Machines, Cylindrical Grinding Machines, Center-less Grinding
Machines and Other Product Segments – Independent Analysis of
Annual Sales in US$ Million for the Years 2022 through 2030 and
% CAGR
Table 33: USA Historic Review for Grinding Machines by Product
Segment – Surface Grinding Machines, Cylindrical Grinding
Machines, Center-less Grinding Machines and Other Product
Segments Markets – Independent Analysis of Annual Sales in US$
Million for Years 2014 through 2021 and % CAGR
Table 34: USA 16-Year Perspective for Grinding Machines by
Product Segment – Percentage Breakdown of Value Sales for
Surface Grinding Machines, Cylindrical Grinding Machines,
Center-less Grinding Machines and Other Product Segments for
the Years 2014, 2023 & 2030
Table 35: USA Recent Past, Current & Future Analysis for
Grinding Machines by Application – Automotive, General
Machinery, Precision Engineering, Transport Machinery and Other
Applications – Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR
Table 36: USA Historic Review for Grinding Machines by
Application – Automotive, General Machinery, Precision
Engineering, Transport Machinery and Other Applications Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 37: USA 16-Year Perspective for Grinding Machines by
Application – Percentage Breakdown of Value Sales for
Automotive, General Machinery, Precision Engineering, Transport
Machinery and Other Applications for the Years 2014, 2023 &
2030
CANADA
Table 38: Canada Recent Past, Current & Future Analysis for
Grinding Machines by Product Segment – Surface Grinding
Machines, Cylindrical Grinding Machines, Center-less Grinding
Machines and Other Product Segments – Independent Analysis of
Annual Sales in US$ Million for the Years 2022 through 2030 and
% CAGR
Table 39: Canada Historic Review for Grinding Machines by
Product Segment – Surface Grinding Machines, Cylindrical
Grinding Machines, Center-less Grinding Machines and Other
Product Segments Markets – Independent Analysis of Annual Sales
in US$ Million for Years 2014 through 2021 and % CAGR
Table 40: Canada 16-Year Perspective for Grinding Machines by
Product Segment – Percentage Breakdown of Value Sales for
Surface Grinding Machines, Cylindrical Grinding Machines,
Center-less Grinding Machines and Other Product Segments for
the Years 2014, 2023 & 2030
Table 41: Canada Recent Past, Current & Future Analysis for
Grinding Machines by Application – Automotive, General
Machinery, Precision Engineering, Transport Machinery and Other
Applications – Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR
Table 42: Canada Historic Review for Grinding Machines by
Application – Automotive, General Machinery, Precision
Engineering, Transport Machinery and Other Applications Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 43: Canada 16-Year Perspective for Grinding Machines by
Application – Percentage Breakdown of Value Sales for
Automotive, General Machinery, Precision Engineering, Transport
Machinery and Other Applications for the Years 2014, 2023 &
2030
JAPAN
Grinding Machines Market Presence – Strong/Active/Niche/Trivial –
Key Competitors in Japan for 2023 (E)
Table 44: Japan Recent Past, Current & Future Analysis for
Grinding Machines by Product Segment – Surface Grinding
Machines, Cylindrical Grinding Machines, Center-less Grinding
Machines and Other Product Segments – Independent Analysis of
Annual Sales in US$ Million for the Years 2022 through 2030 and
% CAGR
Table 45: Japan Historic Review for Grinding Machines by
Product Segment – Surface Grinding Machines, Cylindrical
Grinding Machines, Center-less Grinding Machines and Other
Product Segments Markets – Independent Analysis of Annual Sales
in US$ Million for Years 2014 through 2021 and % CAGR
Table 46: Japan 16-Year Perspective for Grinding Machines by
Product Segment – Percentage Breakdown of Value Sales for
Surface Grinding Machines, Cylindrical Grinding Machines,
Center-less Grinding Machines and Other Product Segments for
the Years 2014, 2023 & 2030
Table 47: Japan Recent Past, Current & Future Analysis for
Grinding Machines by Application – Automotive, General
Machinery, Precision Engineering, Transport Machinery and Other
Applications – Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR
Table 48: Japan Historic Review for Grinding Machines by
Application – Automotive, General Machinery, Precision
Engineering, Transport Machinery and Other Applications Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 49: Japan 16-Year Perspective for Grinding Machines by
Application – Percentage Breakdown of Value Sales for
Automotive, General Machinery, Precision Engineering, Transport
Machinery and Other Applications for the Years 2014, 2023 &
2030
CHINA
Grinding Machines Market Presence – Strong/Active/Niche/Trivial –
Key Competitors in China for 2023 (E)
Table 50: China Recent Past, Current & Future Analysis for
Grinding Machines by Product Segment – Surface Grinding
Machines, Cylindrical Grinding Machines, Center-less Grinding
Machines and Other Product Segments – Independent Analysis of
Annual Sales in US$ Million for the Years 2022 through 2030 and
% CAGR
Table 51: China Historic Review for Grinding Machines by
Product Segment – Surface Grinding Machines, Cylindrical
Grinding Machines, Center-less Grinding Machines and Other
Product Segments Markets – Independent Analysis of Annual Sales
in US$ Million for Years 2014 through 2021 and % CAGR
Table 52: China 16-Year Perspective for Grinding Machines by
Product Segment – Percentage Breakdown of Value Sales for
Surface Grinding Machines, Cylindrical Grinding Machines,
Center-less Grinding Machines and Other Product Segments for
the Years 2014, 2023 & 2030
Table 53: China Recent Past, Current & Future Analysis for
Grinding Machines by Application – Automotive, General
Machinery, Precision Engineering, Transport Machinery and Other
Applications – Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR
Table 54: China Historic Review for Grinding Machines by
Application – Automotive, General Machinery, Precision
Engineering, Transport Machinery and Other Applications Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 55: China 16-Year Perspective for Grinding Machines by
Application – Percentage Breakdown of Value Sales for
Automotive, General Machinery, Precision Engineering, Transport
Machinery and Other Applications for the Years 2014, 2023 &
2030
EUROPE
Grinding Machines Market Presence – Strong/Active/Niche/Trivial –
Key Competitors in Europe for 2023 (E)
Table 56: Europe Recent Past, Current & Future Analysis for
Grinding Machines by Geographic Region – France, Germany,
Italy, UK, Spain, Russia and Rest of Europe Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2022 through 2030 and % CAGR
Table 57: Europe Historic Review for Grinding Machines by
Geographic Region – France, Germany, Italy, UK, Spain, Russia
and Rest of Europe Markets – Independent Analysis of Annual
Sales in US$ Million for Years 2014 through 2021 and % CAGR
Table 58: Europe 16-Year Perspective for Grinding Machines by
Geographic Region – Percentage Breakdown of Value Sales for
France, Germany, Italy, UK, Spain, Russia and Rest of Europe
Markets for Years 2014, 2023 & 2030
Table 59: Europe Recent Past, Current & Future Analysis for
Grinding Machines by Product Segment – Surface Grinding
Machines, Cylindrical Grinding Machines, Center-less Grinding
Machines and Other Product Segments – Independent Analysis of
Annual Sales in US$ Million for the Years 2022 through 2030 and
% CAGR
Table 60: Europe Historic Review for Grinding Machines by
Product Segment – Surface Grinding Machines, Cylindrical
Grinding Machines, Center-less Grinding Machines and Other
Product Segments Markets – Independent Analysis of Annual Sales
in US$ Million for Years 2014 through 2021 and % CAGR
Table 61: Europe 16-Year Perspective for Grinding Machines by
Product Segment – Percentage Breakdown of Value Sales for
Surface Grinding Machines, Cylindrical Grinding Machines,
Center-less Grinding Machines and Other Product Segments for
the Years 2014, 2023 & 2030
Table 62: Europe Recent Past, Current & Future Analysis for
Grinding Machines by Application – Automotive, General
Machinery, Precision Engineering, Transport Machinery and Other
Applications – Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR
Table 63: Europe Historic Review for Grinding Machines by
Application – Automotive, General Machinery, Precision
Engineering, Transport Machinery and Other Applications Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 64: Europe 16-Year Perspective for Grinding Machines by
Application – Percentage Breakdown of Value Sales for
Automotive, General Machinery, Precision Engineering, Transport
Machinery and Other Applications for the Years 2014, 2023 &
2030
FRANCE
Grinding Machines Market Presence – Strong/Active/Niche/Trivial –
Key Competitors in France for 2023 (E)
Table 65: France Recent Past, Current & Future Analysis for
Grinding Machines by Product Segment – Surface Grinding
Machines, Cylindrical Grinding Machines, Center-less Grinding
Machines and Other Product Segments – Independent Analysis of
Annual Sales in US$ Million for the Years 2022 through 2030 and
% CAGR
Table 66: France Historic Review for Grinding Machines by
Product Segment – Surface Grinding Machines, Cylindrical
Grinding Machines, Center-less Grinding Machines and Other
Product Segments Markets – Independent Analysis of Annual Sales
in US$ Million for Years 2014 through 2021 and % CAGR
Table 67: France 16-Year Perspective for Grinding Machines by
Product Segment – Percentage Breakdown of Value Sales for
Surface Grinding Machines, Cylindrical Grinding Machines,
Center-less Grinding Machines and Other Product Segments for
the Years 2014, 2023 & 2030
Table 68: France Recent Past, Current & Future Analysis for
Grinding Machines by Application – Automotive, General
Machinery, Precision Engineering, Transport Machinery and Other
Applications – Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR
Table 69: France Historic Review for Grinding Machines by
Application – Automotive, General Machinery, Precision
Engineering, Transport Machinery and Other Applications Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 70: France 16-Year Perspective for Grinding Machines by
Application – Percentage Breakdown of Value Sales for
Automotive, General Machinery, Precision Engineering, Transport
Machinery and Other Applications for the Years 2014, 2023 &
2030
GERMANY
Grinding Machines Market Presence – Strong/Active/Niche/Trivial –
Key Competitors in Germany for 2023 (E)
Table 71: Germany Recent Past, Current & Future Analysis for
Grinding Machines by Product Segment – Surface Grinding
Machines, Cylindrical Grinding Machines, Center-less Grinding
Machines and Other Product Segments – Independent Analysis of
Annual Sales in US$ Million for the Years 2022 through 2030 and
% CAGR
Table 72: Germany Historic Review for Grinding Machines by
Product Segment – Surface Grinding Machines, Cylindrical
Grinding Machines, Center-less Grinding Machines and Other
Product Segments Markets – Independent Analysis of Annual Sales
in US$ Million for Years 2014 through 2021 and % CAGR
Table 73: Germany 16-Year Perspective for Grinding Machines by
Product Segment – Percentage Breakdown of Value Sales for
Surface Grinding Machines, Cylindrical Grinding Machines,
Center-less Grinding Machines and Other Product Segments for
the Years 2014, 2023 & 2030
Table 74: Germany Recent Past, Current & Future Analysis for
Grinding Machines by Application – Automotive, General
Machinery, Precision Engineering, Transport Machinery and Other
Applications – Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR
Table 75: Germany Historic Review for Grinding Machines by
Application – Automotive, General Machinery, Precision
Engineering, Transport Machinery and Other Applications Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 76: Germany 16-Year Perspective for Grinding Machines by
Application – Percentage Breakdown of Value Sales for
Automotive, General Machinery, Precision Engineering, Transport
Machinery and Other Applications for the Years 2014, 2023 &
2030
ITALY
Table 77: Italy Recent Past, Current & Future Analysis for
Grinding Machines by Product Segment – Surface Grinding
Machines, Cylindrical Grinding Machines, Center-less Grinding
Machines and Other Product Segments – Independent Analysis of
Annual Sales in US$ Million for the Years 2022 through 2030 and
% CAGR
Table 78: Italy Historic Review for Grinding Machines by
Product Segment – Surface Grinding Machines, Cylindrical
Grinding Machines, Center-less Grinding Machines and Other
Product Segments Markets – Independent Analysis of Annual Sales
in US$ Million for Years 2014 through 2021 and % CAGR
Table 79: Italy 16-Year Perspective for Grinding Machines by
Product Segment – Percentage Breakdown of Value Sales for
Surface Grinding Machines, Cylindrical Grinding Machines,
Center-less Grinding Machines and Other Product Segments for
the Years 2014, 2023 & 2030
Table 80: Italy Recent Past, Current & Future Analysis for
Grinding Machines by Application – Automotive, General
Machinery, Precision Engineering, Transport Machinery and Other
Applications – Independent Analysis of Annual Sales in US$
Million for the Years 2022 through 2030 and % CAGR
Table 81: Italy Historic Review for Grinding Machines by
Application – Automotive, General Machinery, Precision
Engineering, Transport Machinery and Other Applications Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR
Table 82: Italy 16-Year Perspective for Grinding Machines by
Application – Percentage Breakdown of Value Sales for
Automotive, General Machinery, Precision Engineering, Transport
Machinery and Other Applications for the Years 2014, 2023 &
2030
UNITED KINGDOM
Grinding Machines Market Presence – Strong/Active/Niche/Trivial –
Key Competitors in the United Kingdom for 2023 (E)
Table 83: UK Recent Past, Current & Future Analysis for
Grinding Machines by Product Segment – Surface Grinding
Machines, Cylindrical Grinding Machines, Center-less Grinding
Machines and Other Product Segments – Independent Analysis of
Annual Sales in US$ Million for the Years 2022 through 2030 and
% CAGR
Table 84: UK Historic Review for Grinding Machines by Product
Segment – Surface Grinding Machines, Cylindrical Grinding
Machines, Center-less Grinding Machines and Other Product
Segments Markets – Independent Analysis of Annual Sales in US$
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Artificial Intelligence
IBM, Government of Canada, Government of Quebec Sign Agreements to Strengthen Canada’s Semiconductor Industry
Up to $187M CAD to be invested to progress expansion of chip packaging capacity and capabilities and to strengthen R&D at IBM Canada’s Bromont plant
BROMONT, QC, April 26, 2024 /PRNewswire/ — IBM (NYSE: IBM), the Government of Canada, and the Government of Quebec today announced agreements that will strengthen Canada’s semiconductor industry, and further develop the assembly, testing and packaging (ATP) capabilities for semiconductor modules to be used across a wide range of applications including telecommunications, high performance computing, automotive, aerospace & defence, computer networks, and generative AI, at IBM Canada’s plant in Bromont, Quebec. The agreements reflect a combined investment valued at approximately $187M CAD.
“Today’s announcement is a massive win for Canada and our dynamic tech sector. It will create high-paying jobs, invest in innovation, strengthen supply chains, and help make sure the most advanced technologies are Canadian-made. Semiconductors power the world, and we’re putting Canada at the forefront of that opportunity,” said the Right Honourable Justin Trudeau, Prime Minister of Canada
In addition to the advancement of packaging capabilities, IBM will be conducting R&D to develop methods for scalable manufacturing and other advanced assembly processes to support the packaging of different chip technologies, to further Canada’s role in the North American semiconductor supply chain and expand and anchor Canada’s capabilities in advanced packaging.
The agreements also allow for collaborations with small and medium-sized Canadian-based enterprises with the intent of fostering the development of a semiconductor ecosystem, now and into the future.
“IBM has long been a leader in semiconductor research and development, pioneering breakthroughs to meet tomorrow’s challenges. With the demand for compute surging in the age of AI, advanced packaging and chiplet technology is becoming critical for the acceleration of AI workloads,” said Darío Gil, IBM Senior Vice President and Director of Research. “As one of the largest chip assembly and testing facilities in North America, IBM’s Bromont facility will play a central role in this future. We are proud to be working with the governments of Canada and Quebec toward those goals and to build a stronger and more balanced semiconductor ecosystem in North America and beyond.”
IBM Canada’s Bromont plant is one of North America’s largest chip assembly and testing facilities, having operated in the region for 52 years. Today, the facility transforms advanced semiconductor components into state-of-the-art microelectronic solutions, playing a key role in IBM’s semiconductor R&D leadership alongside IBM’s facilities at the Albany NanoTech Complex and throughout New York’s Hudson Valley. These agreements will help to further establish a corridor of semiconductor innovation from New York to Bromont.
“Advanced packaging is a crucial component of the semiconductor industry, and IBM Canada’s Bromont plant has led the world in this process for decades,” said Deb Pimentel, president of IBM Canada. “Building upon IBM’s 107-year legacy of technology innovation and R&D in Canada, the Canadian semiconductor industry will now become even stronger, allowing for robust supply chains and giving Canadians steady access to even more innovative technologies and products. This announcement represents just one more example of IBM’s leadership and commitment to the country’s technology and business landscape.”
Chip packaging, the process of connecting integrated circuits on a chip or circuit board, has become more complex as electronic devices have shrunk and the components of chips themselves get smaller and smaller. IBM announced the world’s first 2 nanometer chip technology in 2021 and, as the semiconductor industry moves towards new methods of chip construction, advances in packaging will grow in importance.
“Semiconductors are part of our everyday life. They are in our phones, our cars, and our appliances. Through this investment, we are supporting Canadian innovators, creating good jobs, and solidifying Canada’s semiconductor industry to build a stronger economy. Canada is set to play a larger role in the global semiconductor industry thanks to projects like the one we are announcing today. Because, when we invest in semiconductor and quantum technologies, we invest in economic security.” — The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry
“This investment by IBM in Bromont will ensure that Quebec continues to stand out in the field of microelectronics. An increase in production capacity will solidify Quebec’s position in the strategic microelectronics sector in North America.” — The Honourable Pierre Fitzgibbon, Minister of Economy, Innovation and Energy, Minister responsible for Regional Economic Development and Minister responsible for the Metropolis and the Montreal region
About IBMIBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. More than 4,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in semiconductors, AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service. Visit www.ibm.com for more information.
Media ContactLorraine BaldwinIBM [email protected]
Willa HahnIBM [email protected]
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Artificial Intelligence
HITACHI ACQUIRES MA MICRO AUTOMATION OF GERMANY IN EFFORT TO ACCELERATE GLOBAL EXPANSION OF ROBOTIC SI BUSINESS IN THE MEDICAL AND OTHER FIELDS
HOLLAND, Mich., April 26, 2024 /PRNewswire/ — Hitachi Ltd. (TSE: 6501, “Hitachi”) has signed a stock purchase agreement on April 26 to acquire all shares of MA micro automation GmbH (“MA micro automation”, headquartered in St. Leon-Rot, Germany) from MAX Management GmbH (a subsidiary of MAX Automation SE). MA micro automation is a leading provider of robotic and automation technology (robotic SI) including high-speed linear handling systems, high-precision assembly lines, and high-speed vision inspection technology for Europe, North America, and Southeast Asia, for EUR 71.5M million. The transaction is expected to close in the second half of 2024, pending completion of the customary regulatory filings. After the acquisition is completed, MA micro automation will join JR Automation Technologies, LLC (“JR Automation”), a market leader in providing advanced automation solutions and digital technologies in the robotic system integration business for North America, Europe, and Southeast Asia as a continued effort to expand the company’s global presence.
MA micro automation is a technology leader for automation solutions within micro-assembly. Through its state-of-the-art proprietary high-speed and high-precision automation know-how, combined with unique optical image inspection capabilities, MA micro automation serves high-growth med-tech automation end-markets, covering the production, assembly, and testing medical and optical components including contact lenses, IVD and diabetes diagnostics consumables, and injection molding for medical use. The company was established in 2003 through a carve-out from Siemens*1 and since 2013 has been part of the MAX Automation group.
JR Automation is a leading provider of intelligent automated manufacturing technology solutions, serving customers across the globe in a variety of industries including automotive, life sciences, e-mobility, consumer and industrial products. With over 20 locations between North America, Europe, and Southeast Asia, the leading integrator offers nearly 2 million square feet (185,806 sq. m) of available build and engineering floorspace. This acquisition allows JR Automation to further grow and strengthen both the company’s geographical footprint and their continued commitment on expanding support capabilities within the European region and medical market vertical.
“MA micro automation provides engineering, build and support expertise with established capabilities in complex vision applications, high-speed and high-precision automation technologies. When integrated with JR Automation’s uniform global process and digital technologies, this partnership will further enhance our ability to deliver added value and support to all of our customers worldwide and continue to grow our capabilities in the medical market,” says Dave DeGraaf, CEO of JR Automation. “As we integrate this new dimension, impressive talents and abilities of the MA micro automation team we further enhance our ability to serve our customers, creating a more robust and globally balanced offering.”
With this acquisition, Hitachi aims to further enhance its ability to provide a “Total Seamless Solution*2” to connect manufacturer’s factory floors seamlessly and digitally with their front office data, allowing them to achieve total optimization and bringing Industry 4.0 to life. This “Total Seamless Solution” strategy links organizations’ operational activities such as engineering, supply chain, and purchasing to the plant floor and allows for real time, data-driven decision-making that improves the overall business value for customers.
Kazunobu Morita, Vice President and Executive Officer, CEO of Industrial Digital Business Unit, Hitachi, Ltd. says, “We are very pleased to welcome MA micro automation to the Hitachi Group. The team is based in Europe, providing robotic SI to global medical device manufacturing customers with its high technological capabilities and will join forces with JR Automation and Hitachi Automation to strengthen our global competitiveness. Hitachi aims to enhance its ability to provide value to customers and grow alongside them by leveraging its strengths in both OT, IT, including robotic SI, and “Total Seamless Solution” through Lumada*3’s customer co-creation framework.”
Joachim Hardt, CEO MA micro automation GmbH says, “Following the successful establishment and growth of MA micro automation within the attractive automation market for medical technology products, we are now opening a new chapter. Our partnership with Hitachi will not only strengthen our global competitive position, but we will also benefit from joint technological synergies and a global market presence. We look forward to a synergistic partnership with Hitachi and JR Automation.”
Outline of MA micro automation
Name
MA micro automation GmbH
Head Office
St. Leon-Rot, Germany
Representative
Joachim Hardt (CEO)
Outline of Business
Automation solutions within micro-assembly
Total no. of Employees:
Approx. 200 (As of April 2024)
Founded
2003
Revenues (2023)
€ 46.5 million
Website
*1
“Siemens” is a registered trademark or trademark of Siemens Trademark GmbH & Co. KG in the U.S. and other countries.
*2
“Total Seamless Solution” is a registered trademark of Hitachi, Ltd. in the U.S. and Japan.
*3
Lumada: A collective term for solutions, services and technologies based on Hitachi’s advanced digital technologies for creating value from customers’ data accelerating digital innovation. https://www.hitachi.com/products/it/lumada/global/en/index.html
About JR AutomationEstablished in 1980, JR Automation is a leading provider of intelligent automated manufacturing technology solutions that solve customers’ key operational and productivity challenges. JR Automation serves customers across the globe in a variety of industries, including automotive, life sciences, aerospace, and more.
In 2019, JR Automation was acquired by Hitachi, Ltd. In a strategic effort towards offering a seamless connection between the physical and cyber space for industrial manufacturers and distributers worldwide. With this partnership, JR Automation provides customers a unique, single-source solution for complete integration of their physical assets and data information, offering greater speed, flexibility, and efficiencies towards achieving their Industry 4.0 visions. JR Automation employs over 2,000 people at 21 manufacturing facilities in North America, Europe, and Asia. For more information, please visit www.jrautomation.com.
About Hitachi, Ltd.Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology. We solve customers’ and society’s challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products. Hitachi operates under the 3 business sectors of “Digital Systems & Services” – supporting our customers’ digital transformation; “Green Energy & Mobility” – contributing to a decarbonized society through energy and railway systems, and “Connective Industries” – connecting products through digital technology to provide solutions in various industries. Driven by Digital, Green, and Innovation, we aim for growth through co-creation with our customers. The company’s revenues as 3 sectors for fiscal year 2023 (ended March 31, 2024) totaled 8,564.3 billion yen, with 573 consolidated subsidiaries and approximately 270,000 employees worldwide. For more information on Hitachi, please visit the company’s website at https://www.hitachi.com.
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Artificial Intelligence
$10 million Artificial Intelligence Mathematical Olympiad Prize appoints further advisory committee members
D. Sculley, Kevin Buzzard, Leo de Moura, Lester Mackey and Peter J. Liu appointed to the advisory committee for the Artificial Intelligence Mathematical Olympiad Prize.
LONDON, April 26, 2024 /PRNewswire/ — XTX Markets’ newly created Artificial Intelligence Mathematical Olympiad Prize (‘AIMO Prize’) is a $10mn challenge fund designed to spur the creation of a publicly shared AI model capable of winning a gold medal in the International Mathematical Olympiad (IMO).
XTX Markets is delighted to announce the appointment of five further advisory committee members. This group brings great expertise in machine learning, including D. Sculley, the CEO of Kaggle; Lester Mackey, a Principal Researcher at Microsoft Research and a Macarthur Fellow; and Peter J. Liu, a research scientist at Google DeepMind.
Prolific mathematicians Kevin Buzzard, who achieved a perfect score in the International Mathematical Olympiad, and Leo De Moura who is the Chief Architect for Lean, the automated reasoning tool, also join the advisory group.
They join the existing advisory committee members Terence Tao and Timothy Gowers, both winners of the Fields Medal, as well as Dan Roberts, Geoff Smith and Po-Shen Loh.
The AIMO Advisory Committee will support the development of the AIMO Prize, including advising on appropriate protocols and technical aspects, and designing the various competitions and prizes.
Simon Coyle, Head of Philanthropy at XTX Markets, commented:
“We are thrilled to complete the AIMO Advisory Committee with the appointments of D., Kevin, Leo, Lester and Peter. Together, they have enormous experience in machine learning and automated reasoning and are already bringing expertise and wisdom to the AIMO Prize. We look forward to announcing the winners of the AIMO’s first Progress Prize soon, and then publicly sharing the AI models to support the open and collaborative development of AI.”
Further information on the AIMO Prize
There will be a grand prize of $5mn for the first publicly shared AI model to enter an AIMO approved competition and perform at a standard equivalent to a gold medal in the IMO. There will also be a series of progress prizes, totalling up to $5mn, for publicly shared AI models that achieve key milestones towards the grand prize.
The first AIMO approved competition opened to participants in April 2024 on the Kaggle competition platform. The first progress prize focuses on problems pitched at junior and high-school level maths competitions. There is a total prize pot of $1.048m for the first progress prize, of which at least $254k will be awarded in July 2024, There will be a presentation of progress held in Bath, England in July 2024, as part of the 65th IMO.
For more information on the AIMO Prize visit: https://aimoprize.com/ or the competition page on Kaggle: https://www.kaggle.com/competitions/ai-mathematical-olympiad-prize/
Advisory Committee member profiles:
D. Sculley
D. is the CEO at Kaggle. Prior to joining Kaggle, he was a director at Google Brain, leading research teams working on robust, responsible, reliable and efficient ML and AI. In his career in ML, he has worked on nearly every aspect of machine learning, and has led both product and research teams including those on some of the most challenging business problems. Some of his well-known work involves ML technical debt, ML education, ML robustness, production-critical ML, and ML for scientific applications such as protein design.
Kevin Buzzard
Kevin a professor of pure mathematics at Imperial College London, specialising in algebraic number theory. As well as his research and teaching, he has a wide range of interests, including being Deputy Head of Pure Mathematics, Co-Director of a CDT and the department’s outreach champion. He is currently focusing on formal proof verification, including being an active participant in the Lean community. From October 2024, he will be leading a project to formalise a 21st century proof of Fermat’s Last Theorem. Before joining Imperial, some 20 years ago, he was a Junior Research Fellow at the University of Cambridge, where he had previously been named ‘Senior Wrangler’ (the highest scoring undergraduate mathematician). He was also a participant in the International Mathematical Olympiad, winning gold with a perfect score in 1987. He has been a visitor at the IAS in Princeton, a visiting lecturer at Harvard, has won several prizes both for research and teaching, and has given lectures all over the world.
Leo de Moura
Leo is a Senior Principal Applied Scientist in the Automated Reasoning Group at AWS. In his spare time, he dedicates himself to serving as the Chief Architect of the Lean FRO, a non-profit organization that he proudly co-founded alongside Sebastian Ullrich. He is also honoured to hold a position on the Board of Directors at the Lean FRO, where he actively contributes to its growth and development. Before joining AWS in 2023, he was a Senior Principal Researcher in the RiSE group at Microsoft Research, where he worked for 17 years starting in 2006. Prior to that, he worked as a Computer Scientist at SRI International. His research areas are automated reasoning, theorem proving, decision procedures, SAT and SMT. He is the main architect of several automated reasoning tools: Lean, Z3, Yices 1.0 and SAL. Leo’s work in automated reasoning has been acknowledged with a series of prestigious awards, including the CAV, Haifa, and Herbrand awards, as well as the Programming Languages Software Award by the ACM. Leo’s work has also been reported in the New York Times and many popular science magazines such as Wired, Quanta, and Nature News.
Lester Mackey
Lester Mackey is a Principal Researcher at Microsoft Research, where he develops machine learning methods, models, and theory for large-scale learning tasks driven by applications from climate forecasting, healthcare, and the social good. Lester moved to Microsoft from Stanford University, where he was an assistant professor of Statistics and, by courtesy, of Computer Science. He earned his PhD in Computer Science and MA in Statistics from UC Berkeley and his BSE in Computer Science from Princeton University. He co-organized the second place team in the Netflix Prize competition for collaborative filtering; won the Prize4Life ALS disease progression prediction challenge; won prizes for temperature and precipitation forecasting in the yearlong real-time Subseasonal Climate Forecast Rodeo; and received best paper, outstanding paper, and best student paper awards from the ACM Conference on Programming Language Design and Implementation, the Conference on Neural Information Processing Systems, and the International Conference on Machine Learning. He is a 2023 MacArthur Fellow, a Fellow of the Institute of Mathematical Statistics, an elected member of the COPSS Leadership Academy, and the recipient of the 2023 Ethel Newbold Prize.
Peter J. Liu
Peter J. Liu is a Research Scientist at Google DeepMind in the San Francisco Bay area, doing machine learning research with a specialisation in language models since 2015 starting in the Google Brain team. He has published and served as area chair in top machine learning and NLP conferences such as ICLR, ICML, NEURIPS, ACL and EMNLP. He also has extensive production experience, including launching the first deep learning model for Gmail Anti-Spam, and using neural network models to detect financial fraud for top banks. He has degrees in Mathematics and Computer Science from the University of Toronto.
About XTX Markets:
XTX Markets is a leading financial technology firm which partners with counterparties, exchanges and e-trading venues globally to provide liquidity in the Equity, FX, Fixed Income and Commodity markets. XTX has over 200 employees based in London, Paris, New York, Mumbai, Yerevan and Singapore. XTX is consistently a top 5 liquidity provider globally in FX (Euromoney 2018-present) and is also the largest European equities (systematic internaliser) liquidity provider (Rosenblatt FY: 2020-2023).
The company’s corporate philanthropy focuses on STEM education and maximum impact giving (alongside an employee matching programme). Since 2017, XTX has donated over £100mn to charities and good causes, establishing it as a major donor in the UK and globally.
In a changing world XTX Markets is at the forefront of making financial markets fairer and more efficient for all.
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