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Painting Robots Market Size/Share Envisaged to Reach USD 6.38 Billion by 2032, Witnessing 8.4% CAGR Growth: Polaris Market Research

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New York, NY, Aug. 07, 2023 (GLOBE NEWSWIRE) — Polaris Market Research has published a new research report titled “Painting Robots Market Share, Size, Trends, Industry Analysis Report, By Type (Pedestal Robots and Robotic Arms); By Function; By Application; By End Use; By Region; Segment Forecast, 2023-2032” in its research database.

“As per the latest research analysis, the global painting robots market size/share will be valued at roughly USD 2.92 Billion in 2022, and its revenue is projected to reach about USD 9.9 Billion by 2032. The market is forecasted to expand at a compound annual growth rate of approximately 8.4% between 2023 and 2032.”

What is Painting Robots? How Big Is Painting Robots Market Size & Share?

Robotic automation has long replaced human workers for dangerous jobs, like those involving industrial paint. Industrial robots not only enhance productivity but also safeguards human health. Painting robots are automated systems developed to complete the task of painting in industrial applications. These robots are invented with advanced programming and sensors to achieve complex painting tasks accurately and precisely.

Moreover, large manufacturing facilities requiring much painting work frequently use painting robots. The robots can be trained to apply paint to a particular pattern or design. Overall, painting robots are a great asset in industrial manufacturing, increasing the painting robots market demand and enhancing productivity, security, and quality.

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(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, a Table of Contents, a Graphical introduction of regional analysis, Top players in the market with their revenue analysis, and our research methodology.)

Our Sample Report Covers:

  • 2032 Updated Report Introduction, Overview, and In-depth industry analysis.
  • 110+ Pages Research Report (Inclusion of Updated Research).
  • Provide Chapter-wise guidance on Requests.
  • 2023 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
  • Includes Updated List of table & figures.
  • Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis.

Some of the Top Market Leaders Are:

  • ABB Ltd.
  • CMA Robotics
  • Dürr Aktiengesellschaft
  • Epistolio
  • Fanuc
  • Gaiotto Automation
  • Kawasaki Heavy Industries
  • Krautzberger GmbH
  • Lesta srl
  • Midea Group
  • Yaskawa Electric Corporation

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Painting Robots Market: Report Scope

Report Attribute Details
Revenue Forecast in 2032 USD 6.38 Billion
Market size value in 2023 USD 3.08 Billion
Expected CAGR Growth 8.4% from 2023 – 2032
Base Year 2022
Forecast Year 2023 – 2032
Top Market Players ABB Ltd., CMA Robotics Spa, Dürr Aktiengesellschaft, Epistolio S.r.l, Fanuc, Gaiotto Automation S.P.A., Kawasaki Heavy Industries Ltd., Krautzberger GmbH, KUKA Aktiengesellschaft (Midea Group), Lesta srl and Yaskawa Electric Corporation
Segments Covered By Type, By Function, By Application, By End Use; By Region
Customization Options Customized purchase options are available to meet any research needs. Explore customized purchase options

Prominent Growth Driving Factors

  • Technological advancements: The rapid advancement of technology in the industry is assisting the market to generate more revenue internationally. Robotics, automation advancements, and artificial intelligence have increased the capabilities of painting robots. Moreover, as technology advances, painting robots will become more efficient, capable, and user-friendly. This is further driving the robots market worldwide.
  • Innovative product development: To process, inspect, and label painted vehicle surfaces, robots are utilized. Similarly, many significant industry participants are involved in creating innovative products. This aspect is predicted to drive the painting robots market growth globally.

Top Findings of the Report

  • Various factors drive the market, including increased demand for improved efficiency and productivity, automation, cost savings, environmental regulations, quality control, technological advancements, and rising demand from emerging economies.
  • The painting robots market segmentation is based on the function, type, end-use, application, and region.
  • North America accounted for the largest market share globally in 2022.

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Top Trends Influencing the Market

  • Market leaders’ contribution: One of the significant elements affecting the painting robots market size is the improvement in the assistance of market leaders in the industry. For example, BMW will utilize robots for paint inspection processes in May 2023. BMW is reportedly the first carmaker in the world to employ artificial intelligence (AI)-based technologies on this scale at its Regensburg, Germany plant.

Segmental Analysis

  • The Robotic Arms Sector Dominates the Market

Robotic arm-type painting robots have become the leading alternative in the painting robot market due to their precision, versatility, scalability, and adaptability. Their ability to complete difficult painting projects efficiently and accurately has made them highly sought after in various sectors.

On the other hand, robotic arm painting robots have been in use for years and have experienced constant breakthroughs and improvements. As a result, the technology is well-established and reliable, with a diverse market of suppliers, manufacturers, and service providers.

  • Spraying and Coating Sector Accounts Highest Share

Spraying enables the speedy and even application of a fine paint or coating material mist across a sizable area. This effectiveness boosts manufacturing throughput, shortens painting cycle times, and enables quicker painting task completion.

Additionally, spraying and coating procedures guarantee homogeneous paint or coating material application, producing consistent results, and these techniques are extremely adaptable to various surface types and materials. Different paint and coating materials can also be used with spraying and coating.

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  • Automotive Sector Holds Largest Share

Automakers create millions of vehicles yearly, necessitating quick and effective painting procedures. Painting robots are the best option because they provide the accuracy, speed, and consistency required to satisfy the production demands of the automobile industry. Vehicles frequently have intricate curves, shapes, and contours, which makes manual painting difficult and time-consuming.

Moreover, computer vision systems, advanced sensors, and robotic arms enable painting robots to adapt to various forms and surfaces, ensuring optimal paint application even in difficult-to-reach places.

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By Type By Function By Application By End Use
  • Pedestal Robots
  • Robotic Arms
  • Waterborne
  • Solventborne
  • UV Cured
  • Spraying and Coating
  • Atomizer
  • Air Gun
  • Automotive
  • Aerospace
  • Construction
  • Others

Geographical Overview

North America: This region has a booming automotive industry, with major automakers and a substantial presence in auto manufacturing plants. The need for these systems is being driven by the automotive industry, one of the largest end users of painting robots. The painting robots market in North America is dominated because of its stringent quality standards, high production rates, and technical breakthroughs in the automotive sector.

Europe: One of the key elements promoting the expansion of Industry 4.0 and automation adoption in Europe. For instance, the BMBF and BMWI ministries for economic affairs and energy and education and research, respectively, are carrying out the German government’s “Industrie 4.0” (Industry 4.0 (I40)) national strategic plan. Painting robots fit nicely with this trend due to their networking capabilities and integration with smart manufacturing systems. The manufacturing sector’s focus on automation and digitization in Europe fueled the adoption of painting robots.

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Recent Developments

  • ABB Robotics created the first robot-painted art vehicle in May 2022 in collaboration with two renowned artists: 8-year-old prodigy Advait Kolarkar and digital design company Illusorr. Without the assistance of a human, ABB’s award-winning PixelPaint technology expertly reproduced Advait’s swirling design with the Illusorr’s tri-color geometric patterns.

The Report Answers Questions Such As

  • What is the expected and current value of the painting robots market?
  • Which factors are driving the growth of the market?
  • What is the growth rate of the painting robots industry?
  • Who are the top painting robots market key players in the industry?
  • Which segments account for the largest painting robots market share?
  • What unique trends are emerging in the market?

Polaris Market Research has segmented the Painting Robots market report based on type, function, application, end use, and region:

By Type Outlook

  • Pedestal Robots
  • Robotic Arms

By Function Outlook

  • Painting
    • Waterborne
    • Solventborne
    • UV Cured
  • Spraying and Coating

By Application Outlook

  • Atomizer
  • Air Gun

By End Use Outlook

  • Automotive
  • Aerospace
  • Construction
  • Others

By Region Outlook

  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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About Polaris Market Research:

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Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR’s clientele spread across different enterprises. We at Polaris are obliged to serve PMR’s diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR’s customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR’s customers.

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Artificial Intelligence

Securden Recognized as a Market Leader in GigaOm Radar Report for Enterprise Password Management

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Securden has become a leader and an outperformer with cutting-edge features, rapid market advancements, and consistent customer value.
WILMINGTON, Del., July 4, 2024 /PRNewswire/ — Securden, Inc., a leading provider of privileged access and identity security solutions, today announced that it has been recognized as a leader and outperformer in GigaOm Radar Report for Enterprise Password Management.

GigaOm rigorously evaluates vendors in various solution segments and produces Radar reports with valuable insights to assist enterprise decision-makers in evaluating and investing in solutions.
The GigaOm Radar 2024 on Enterprise Password Management examined 13 enterprise password management solutions. “Securden is positioned in the innovation quadrant. It offers a strong solution, and its approach is to take its customers on a journey to broader PAM, with password management simply one focus area. It scored well across all of the decision criteria we evaluated, placing it as a leader, and its execution of the emerging features and rate of progress in the market classify it as an Outperformer,” states the report.
Securden has earned top ratings in key evaluation criteria, including platform security, security auditing, PAM capabilities, ease of management, ease of use, and scalability.
“We are proud to be recognized as a market leader in Enterprise Password Management by GigaOm Radar,” said Bala Venkatramani, CEO of Securden, Inc. “Protecting various identities used by humans and machines is a top priority for IT teams. Our platform offers a comprehensive privileged identity security solution, witnessing rapid adoption by SMBs and Enterprises globally. With innovation at the core, we are committed to offering simplicity and affordability in cybersecurity. This recognition affirms our strong market presence and our focus on providing powerful capabilities to strengthen our customers’ security posture.”
Securden offers robust protection for the vault with controls like access hardening, resilient deployment, and strong data protection approaches. It offers insights into password usage, identifies poor practices, flags failure to follow password standards, issues breach warnings identifying compromised passwords, and more. These measures significantly help reduce password-related risks.
Streak of Recognition
EMA Research, a top industry analyst firm, recently published an impact brief recognizing the Securden Unified PAM MSP platform as a groundbreaking development in privileged access management for MSPs. “By eliminating the need for disparate PAM solutions and providing comprehensive functionality within a single package, Securden empowers MSPs to deliver robust, scalable, and secure PAM services to their clients with unparalleled efficiency and confidence,” states the impact brief.
About Securden
Securden provides leading privileged access governance and identity security solutions that uniquely combine critical security principles to prevent cyberattacks, malware propagation and insider exploitation. With products designed for security and scalability (Password Vault for Enterprises, Unified PAM, Endpoint Privilege Manager, and Unified PAM MSP), Securden is trusted by organizations worldwide, including large financial institutions, government agencies, healthcare organizations, educational institutions, IT service providers, MSPs, and manufacturing companies. For more information, visit https://www.securden.com.
Media ContactJames [email protected]
Logo – https://mma.prnewswire.com/media/2362812/securden_logo.jpg

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Artificial Intelligence

Managed Security Services Market Forecast to Exceed USD 101.86 Billion by 2031 Due to Escalating Security Concerns | SkyQuest Technology

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managed-security-services-market-forecast-to-exceed-usd-101.86-billion-by-2031-due-to-escalating-security-concerns-|-skyquest-technology

WESTFORD, Mass., July 4, 2024 /PRNewswire/ — According to SkyQuest, the global Managed Security Services Market size was valued at USD 26.89 billion in 2022 and is poised to grow from USD 31.18 billion in 2023 to USD 101.86 billion by 2031, growing at a CAGR of 15.95% during the forecast period (2024-2031).

The global managed security services market has been growing rapidly, over the last couple of years, due to the increasing security threats or risks and increasing challenges in managing security over IT networks. It’s impossible to ignore the fact that small businesses face relentless cyberattacks, including malware, ransomware, advanced threats, advanced persistent threats, and data breaches, leading to remote and hybrid operations systems.
Download a detailed overview:
https://www.skyquestt.com/sample-request/managed-security-services-market
Managed Security Services Market Overview:
Report Coverage
Details
Market Revenue in 2023
USD 31.18 billion
Estimated Value by 2031
USD 101.86 billion
Growth Rate
Poised to grow at a CAGR of 15.95%
Forecast Period
2024–2031
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Service Type, Type, Organization Size, Security, Type and Industry Vertical
Geographies Covered
North America, Europe, Asia Pacific, and the Rest of the world
Report Highlights
Updated financial information / product portfolio of players
Key Market Opportunities
Surge in Demand for Managed Detection and Response (MDR) Service
Key Market Drivers
Cyber Threats are Growing Complex 
Segments covered in Managed Security Services Market are as follows:
Service TypeManaged IAM, managed vulnerability management, managed risk and compliance, managed detection and response, managed firewall, and managed SIEM and log management, othersTypeFully managed, co-managedOrganization SizeSmall and medium-sized enterprises, Large enterprisesSecurity TypeNetwork security, cloud security, endpoint security, application security, othersIndustry VerticalBFSI, government, healthcare & life sciences, telecommunications, IT and ITeS, Retail and eCommerce, energy and utilities, manufacturing, and other verticalsRequest Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/managed-security-services-market
Rapid Responders: Incident Response Services
Managed detection and response are the large segment in the managed security services market. Managed detection-response services provide continuous improvement, threat detection, and response capabilities critical to today’s enterprises facing sophisticated cyber threats. This segment is characterized by the increasing prevalence and importance of cyberattacks advanced threat detection and response strategies beyond traditional security measures. The ability of the MDR service to provide comprehensive analysis of security incidents and take corrective action quickly is essential to minimize potential damage and ensure business continuity.
Managed identity and access management is the fastest growing segment in the market. The rising growth in this sector is driven by the need for robust stakeholder solutions in an era of digital transformation and remote collaboration. The rise of cyber threats and increasing regulatory requirements for data security and privacy and the main drivers of this segment.
Data Guardians: Data Protection Services
The global market recognizes the dominant position of the entire service management segment. This dominance is largely due to the scope of this role, in which companies assume full responsibility for an organization’s security programs from security providers, especially those without in-house security expertise or resources. These roles cover a wide range of security measures, including threat identification, incident response, compliance management and continuous monitoring. Adoption rates are also driven by the increasing complexity of cyber threats, which require a strong, 24/7 monitored security measure that only specialized providers can provide further strengthening its position as the largest market share.
In addition to the dominance of fully managed services, the advanced management segment is growing the fastest in the global market. This increase is driven by hybrid security models that offer a collaborative approach between internal IT teams and external security providers.
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/managed-security-services-market
Safeguarding Tomorrow’s Digital Frontiers
As businesses and organizations take on the cyber panorama in terms of severe, MSS vendors remain vigilant guards, the use of advanced era and professional insights. Managed Security Services (MSS) have emerged as the cornerstone of present-day cybersecurity strategies, presenting strong protection in opposition to threats in a more and more digital international.
Related Report:
Cyber Security Market
Network Security Market
Endpoint Security Market
Cloud Security Market
Application Security 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 has 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/
Logo: https://mma.prnewswire.com/media/2446095/SkyQuest_Logo.jpg
 

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Artificial Intelligence

Industrial Internet of Things (IIoT) Market is Expected to Surpass USD 191.6 Billion Valuation by 2031, Rise of Automation in Manufacturing to Boost Expansion| SkyQuest Technology

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WESTFORD, Mass., July 4, 2024 /PRNewswire/ — According to SkyQuest, the global Industrial Internet of Things (IIoT) Market was valued at USD 102.48 Billion in 2022 and is expected to rise from USD 109.86 Billion in 2023 to reach a value of USD 191.6 Billion by 2031, at a CAGR of 7.2% during the forecast period (2024-2031).

The rapid adoption of smart manufacturing practices in multiple industries and growing demand for automation have set the tone for industrial internet of things (IIoT) market growth. IIoT devices and solutions are specifically designed to enhance industrial operations and promote operational efficiency and productivity as well. Advancements in IoT and IoT connectivity technologies are also slated to create new business scope for industrial internet of things (IIoT) companies in the future.  The global industrial internet of things (IIoT) market is segmented into component, technology, connectivity technology, software, vertical, and region.
Download a detailed overview:
https://www.skyquestt.com/sample-request/industrial-internet-of-things-iiot-market
Industrial Internet of Things (IIoT) Market Overview: 
Report Coverage
Details
Market Revenue in 2023
$ 109.86 billion
Estimated Value by 2031
$ 191.6 billion
Growth Rate
Poised to grow at a CAGR of 7.2%
Forecast Period
2024–2031
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Component, Technology, Connectivity Technology, Software and Vertical
Geographies Covered
North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Report Highlights
Development of novel blockchain AI solutions that give benefits of both technologies involved
Key Market Opportunities
Adoption of Smart Initiatives
Key Market Drivers
Implementation of IPV6
Segments covered in Industrial Internet of Things (IIoT) Market are as follows:
ComponentHardware, Platform, Solution, and ServicesTechnologySensor, Radio Frequency Identification (RFID), Industrial Robotics, Distributed Control System and OtherConnectivity TechnologyWired Technology and Wireless TechnologySoftwareVisualization Software, SCADA, Distribution Management System, Farm Management Systems and OtherVerticalManufacturing, Energy, Oil & Gas, HealthCare, Retail, Transportation, Metal & Mining, AgricultureRequest Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/industrial-internet-of-things-iiot-market
Hardware Components Slated to Bring in Most Revenue Owing to Development of IIoT Infrastructure
Industrial internet of things (IIoT) requires specialized connected devices made from dedicated sensors and controllers. Growing investments in the development of new IIoT infrastructure are projected to bolster the demand for hardware components and allow this segment to lead the market in terms of revenue generation. Advancements in connectivity technologies are also predicted to bolster the demand for novel IIoT hardware components across the forecast period and beyond.
Meanwhile, industrial internet of things (IIoT) companies can also invest in the development of novel platforms and services to strengthen their business potential. The need for IIoT platforms and services will only get stronger by the day as the adoption of IoT technology in industrial settings increases.
Manufacturing to Take the Crown for Industrial Internet of Things (IIoT) Sales Owing to the Rise of Smart Factories
The manufacturing industry vertical is estimated to take center stage when it comes to industrial internet of things (IIoT) adoption. High demand for better productivity and operational efficiency in manufacturing facilities is estimated to make this segment a highly lucrative one. From remote monitoring to predictive maintenance, all of these features can only be added to a manufacturing facility through the use of industrial internet of things (IIoT). Energy and oil & gas industry verticals are also forecasted to provide moneymaking opportunities for industrial internet of things (IIoT) companies in the future as digitization increases in them. Apart from these industry verticals, industrial internet of things (IIoT) providers can also explore retail, healthcare, agriculture, and transportation industry verticals to maximize their business scope and boost revenue generation going forward.
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/industrial-internet-of-things-iiot-market
Wireless Connectivity to Gain Prominence with the Advent of 5G Technology
Advancements in technology have created novel wireless technologies used for connected devices. The need for the elimination of wires is projected to drive the demand for wireless connectivity in industrial internet of things (IIoT) devices. 5G is the key wireless connectivity technology that is projected to help the wireless segment become the most rewarding for market players over the coming years.
Industrial internet of things providers will need to choose their strategies carefully if they want to succeed in this business. Industrial internet of things (IIoT) companies can get good returns on their investments if they target the manufacturing industry as the trend of automation catches up. Developing new IIoT hardware devices and components will also help industrial internet of things (IIoT) companies expand their business potential on a global level. 
Related Reports:
Internet Of Things (IoT) Market
IoT Security Market 
Narrowband-IoT (NB-IoT) Market
Consumer IoT Market
Internet of Things (IoT) in Smart Cities 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 has 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/
Logo: https://mma.prnewswire.com/media/2446095/SkyQuest_Logo.jpg

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