Future of Robotic Manipulator Market: Global Forecast by 2028

 The robotic manipulator market is set for significant growth over the next few years, driven by advancements in automation technology and increasing demand across various industries. This article provides an in-depth analysis of the market by type, application, payload, axis, industry, and region, forecasting trends and developments up to 2028.

The International Organization for Standardization (ISO) defines a robotic manipulator as a machine in which the grasping or moving mechanism in several degrees of freedom is achieved by a series of jointed or sliding segments. These are devices that are used in various industries to manipulate articles or materials that are located generally in inaccessible locations.

There are various types of robotic manipulators namely, cartesian, cylindrical, polar, articulated, SCARA, and delta. They are used in various applications such as materials handling, cutting and processing, soldering and welding, and assembling and disassembling applications among others.

The global robotic manipulator market size is expected to grow from USD XX million in 2022 to USD XX million by 2028, at a CAGR of XX%. The high adoption of robotic manipulators from the automotive industry is one of the major factors fueling the growth of robotic manipulator market.

Drivers: Growing adoption of Industry 4.0

Industry 4.0 refers to the current industrial revolution that is led by the evolution of robotics, automation, and the Internet of Things (IoT). Industry 4.0 and the Internet of Things are increasing the automation of previously manual tasks with a collection of real-time data, AI and device interconnectivity. Industry 4.0 has fostered the development of new technologies such as collaborative robots, and AI-enabled robots, allowing industries to use robots to streamline various processes, boost productivity, and minimize errors. The increasing adoption of industry 4.0 in manufacturing across the globe is among the major drivers leading to the growth of robotics as well as robotic manipulators in various industries.

Anticipated shortage of skilled labor in manufacturing industries

The anticipated shortage of laborers in developed countries has fueled the need for automation. Manufacturing industries in the US, Germany, and China have experienced tremendous growth over the past decade; however, they are expected to face a workforce shortage within the next few years. The shortage of labor is especially prevalent in jobs with many repetitive and ergonomically unfavorable tasks, such as packaging and monitoring in the food industry. In the US, the growth of the manufacturing sector, coupled with retiring workers and the reluctance of millennials and Generation Z to enter the manufacturing industries, is expected to create a skill gap in the coming years. To compensate for the shortage, stakeholders must find solutions to improve productivity and substitute human labor. Increasing automation to counter the skill gap is one of the solutions companies are adopting, especially in developed countries.

 

In China, increasing labor costs and a low robot density (robots installed per thousand workers) have threatened productivity, making it difficult for manufacturers to retain their advantage of low manufacturing costs. In response, the Chinese government has introduced the Made in China 2025 initiative, which provides subsidies for the deployment of industrial robots at workplaces. As a result, China topped the shipment of industrial robots purchased in 2021. This factor is also fueling the growth of robotic manipulators as robotic manipulators are used in industrial robots.

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Challenges: Interoperability and integration issues

Interoperability is an important function in any factory or manufacturing unit. A modular framework must exist for both hardware and software to connect and coordinate various automation systems. The focus here is on the software used for programming, diagnosing, and monitoring. It is common for industries to use robot arms from different manufacturers. Companies may also need to reprogram robots due to changes in production and demand or accommodate different parts, such as vision systems and end effectors. It is the responsibility of the integrator, rather than the manufacturer or end user, to decide on the implementation and setup or programming of the robot. Interoperability issues present a big challenge, especially to SMEs, due to their unique requirements and lack of personnel to set up complex automation systems.

Key Market Players:

ABB (Switzerland), Yaskawa (Japan), FANUC (Japan), Kuka (Germany), Mitsubishi Electric (Japan), Kawasaki Heavy Industries (Japan), and DENSO (Japan) are few key players in the robotic manipulator market globally.

Exploring the Future: Intelligent Automation Market Analysis and Global Forecast to 2028

Intelligent automation (IA) is also defined as cognitive automation. Further, it is the use of automation technologies such as artificial intelligence (AI), business process management (BPM), and robotic process automation (RPA) which is mainly used to streamline decision-making across organizations.

In addition, intelligent automation helps simplify processes, free up resources, improves operational efficiencies, and has various applications. Moreover, intelligent automation helps to reduce the labor costs involved in industrial operations and supports industries in reforming the skills gap. Further, intelligent automation helps improve and increase human capabilities accuracy and speed.

Key Market Players:

Accenture (Ireland), Avanade Inc. (US), Capgemini (France), CGI Inc. (Canada), Cisco Systems, Inc. (US), Cognizant Technology Solutions Corporation (US), Ernst & Young Global Limited (UK), IBM (US) and UiPath (US) are a few key players in the intelligent Automation market globally.

The global intelligent automation market size is expected to grow from USD XX million in 2022 to USD XX million by 2028, at a CAGR of XX%. The key factors boosting market growth are the increasing adoption of RPA technology and collaborative robots across various industries.

Drivers: Growing adoption of Robotic Process Automation (RPA) across industries

Robotic Process Automation (RPA) technology in industries is being accepted rapidly as it can enable software bots to replicate human actions and perform several tasks more effectively. The adoption of RPA technology across various industries such as Banking, Financial Services, Insurance (BFSI), and Healthcare is growing significantly. Further, it helps to enhance operational efficiency, reduce operation time, and ensure high security. Thus, this RPA technology is considered one of the most significant components of intelligent automation.

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Growing adoption of collaborative robots in small and medium-sized enterprises

Collaborative robots, also called cobots, are designed and directed in a way so that they can interact with humans in an industrial environment. These cobots help to lift the heavyweights in warehouses and intelligently remove the assembly lines. Collaborative robots are considered the most popular among small and medium-sized enterprises (SMEs). Generally, SMEs prefer collaborative robots so that they can lower their initial costs. In addition, owing to the significantly smaller size of collaborative robots and their ability to produce ROI in small-batch environments, they are being used excessively by SMEs.

Challenges: Lack of skilled labor

A major challenge in intelligent automation is the lack of skilled labor. If an industry is adopting intelligent automation in their facility, it requires extensive training of workers to make them understand and adapt to this technology. In addition, industrial automation is difficult to integrate with the existing system infrastructure. Hence, these factors are considered significant challenges in the growth of the intelligent automation market.

 

The Evolution of Traffic Cameras: Forecasting Global Trends to 2027

 Traffic camera is a device which is equipped with sophisticated smart electronic hardware component capable of delivering high quality image and videos in challenging condition and short exposure time. Traffic cameras are installed on expressways, highways, freeways, tunnels, and arterial roads for surveillance and are interlinked with optical fibers.

These traffic cameras contain a sensing device that collects real-time information by recording a video and transmitting it to a network node that is then passed to a monitoring center in a compressed format. Different types of traffic cameras are available in the market which includes traffic violation cameras, surveillance camera, average speed cameras, speed detection cameras, and red-light cameras.

The global traffic camera market size is expected to grow from USD XX billion in 2022 to USD XX billion by 2027, at a CAGR of XX%. are the key factors boosting the growth of the market. Some of the key factors propelling the market growth includes increasing number of smart city project in developing economies, concerns among the government related to public safety and rise in number of vehicles coupled with insufficient infrastructure.

Moreover, an increase in the penetration of analytics software is expected to offer remunerative opportunities for the expansion of the market during the forecast period. High expenses associated with equipment installation, and security threats and hacker challenges are expected to restrain the market growth. 

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Drivers: Several benefits and advantages associated with deploying traffic camera

Traffic cameras provides highly accurate automated reading of vehicles’ plates, limit human manual review, and automate the processing of traffic monitoring tasks. Traffic monitoring cameras can be used for many purposes such as tracking the movement of criminals (as a crime deterrent), preventing dangerous situations, collecting data for activities like vehicle insurance control, vehicle tracking, and traffic analysis among others.

Traffic monitoring cameras are equipped with Automatic Number Plate Recognition (ANPR) which is an AI-based technology capable of reading and recording vehicle license plates without the need for human assistance. ANPR solutions are used for traffic big data collection, tolling management, enforcement, access control, security, and traffic management including plate reading, vehicle identification & classification.

Opportunities: Innovative red light camera systems for combined speed and red-light enforcement

The red-light camera systems are based on state-of-the-art radar technology and induction loops combined with high-resolution cameras. The systems enable multiple lanes to be monitored simultaneously.

Different speed limits can also be set for different vehicle types, e.g., cars and trucks. Manufacturers are offering devices that can be used flexibly for various purposes and at different types of location.

Red light violations, illegal turning, driving in the wrong lanes and speeding are the main causes of fatal road traffic accidents, especially at junctions. By deploying innovative and individually adapted red light camera systems, traffic can be monitored efficiently, and infringements can be prosecuted while saving on resources. Intelligent red light camera systems are being increasingly deployed for speed enforcement and increasing traffic safety.

Challenges: High upfront cost of advanced traffic camera systems

Modern traffic cameras are integrated with artificial intelligence technology, various sensors, and various other advanced technologies. These sensors and technologies allow the camera to capture and record images and videos with more clarity.

The sensors integrated into these cameras can even detect motion and automatically turn towards the source of the movement. Due to integration of number of smart devices in traffic camera for real time monitoring and analysis the upfront cost of installation is on higher side. This in turn is expected to act as a restraining factor for the growth of traffic camera market in short to medium term.

Key Market Players

The traffic camera market is highly competitive, with the presence of several giant companies, and small and startup companies.  Major players operating in the traffic camera market have witnessed consistent revenue growth from 2016 to 2021. Various companies are deploying different strategies to excel in the traffic camera market.

They are trying to broaden their revenue stream by adopting organic and inorganic business strategies such as product launches, acquisitions, collaborations, contracts, and agreements, which have helped companies enhance their products and expand their geographic reach. Canon, Inc., Teledyne Technologies, Inc., Siemens AG, Jenoptik AG, Sensys Gatso Group AB, Kapsch TrafficCom AG (Datax Handelsgmbh), Hangzhou Hikvision Digital Technology Co., Ltd., IDEMIA SAS (Advent International, Inc.), Tattile, E Com Systems, and Allied Vision Technologies GmbH. are some of the key players in the traffic camera market globally.

Robotic Revolution: Insights into the Global Robot Arm Market by 2028

 The robot arm consists of different joints, which allow linear and circular motion. Like most articulated robots, collaborative robots also have around 6 or 7 axes but are safe for human contact as defined by the ISO/TS 15066 standard. The arms are designed in such a way that they do not create any pinch points for the operator. For instance, the LBR iiwa and LBR iisy cobots from KUKA have an inherently curved design to remove any pinch points. The joints of collaborative robots are also rounded to minimize the force during impact.

The global robot arm market size is expected to grow from USD XX billion in 2022 to USD XX billion by 2028, at a CAGR of XX% during the forecasted period.

Robot Arm Market Dynamics

DRIVERS: Emerging applications of collaborative robot arms

Collaborative robots deliver precision and accuracy while packaging to decrease contact with other surfaces, thereby reducing the risk of contamination. Additionally, to comply with the quality demands of the medical device market, cobots are certified to meet strict ISO requirements. Unlike traditional industrial robots, software-driven cobots such as Sawyer from Rethink Robotics are designed to be operated with minimal training and do not require any formal programming knowledge or a roboticist to deploy.

This allows manufacturers to expedite successful deployments with minimal technical expertise in programming. Advancements in technology have made it possible to employ collaborative robots to perform surgical processes. Collaborative robot arm can accurately position microscopes, thus giving the surgeon a clear view of surgical angles.

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This contributes substantially to improving precision in surgical processes. During surgery, collaborative robot arms can be moved manually or using a remote-control device. Hospitals are leveraging cobots in laser bone ablations procedures. The robot makes it easy to cut through bone to remove tumors. A collaborative robot arm can cut through bone without coming into physical contact with the patient using laser technology. Laboratory testing is a strenuous task that involves multiple repetitive processes, making it ideal to adopt the use of robots.

Increased ease of programming of collaborative robots

The major reason for the growth of robot arm is the advancing capabilities of edge computing, due to which cobots are becoming quicker and easier to program, reducing implementation time and investment. Some robots do not require any programming knowledge at all. For instance, Productive Robotics (US) has developed the General Equipment Interface (GEI), a ‘no programming’ software that features drag-and-drop functionality for programming its robots. The company also uses an absolute encoder system in its robots that cost about one-tenth that of a commercial solution, thus lowering the overall cost of the robot. Such intuitive programming software increases flexibility as operators do not need prior programming knowledge to operate cobots; they also have the option of programming collaborative robots using hand ccguidance.

CHALLENGES: Rising cybersecurity challenges in connected robot arms

Interconnectivity is expected to become increasingly common in a few years, raising concerns over safety and cybersecurity, which will be a critical component in the operation of robot arms. As a robot arm can be connected to cloud servers via a web interface in unprotected computers or handheld devices, the communication with the robot arms may be compromised. Although cybersecurity standards, such as the ISA/IEC 62443, have been developed recently by the International Electrotechnical Commission (IEC) and the International Society of Automation (ISA), implementation is still limited currently. Robot integrators are also expected to share responsibility when programming and deploying a collaborative robot with third-party peripherals such as controllers and vision systems.

Key Market Players:

The automotive oxygen sensor market is dominated by a few globally established players such as ABB, KUKA, FANUC Robotics, Universal Robots, Yaskawa Electric, Omron, and Denso among others.

 

Unveiling the Future: Citizen Twin Market Dynamics and Global Forecast to 2028

 

A citizen twin is the digital twin of the person or the creation of a virtual replica of a person—this would represent humans in both the real and virtual worlds. Citizen twin is developed with real-time context on organized digital services. The technology helps predict any unusual events for citizens and validates different what-if scenarios, offering the citizen the best engagement choice.­

What is Citizen Twin?

At its core, a Citizen Twin is a virtual counterpart that mirrors a physical entity or system in real-time. Unlike conventional digital twins that typically require specialized expertise to develop and manage, Citizen Twins democratize access by enabling a broader spectrum of users, including business analysts, engineers, and operational staff, to participate actively in the digital twin ecosystem.

The global citizen twin market size is expected to grow from USD XX million in 2022 to USD XX million by 2028, at a CAGR of XX%. The key factors boosting market growth are the rising adoption of citizen twin for predicting diseases in the healthcare industry.

Drivers: Citizen twin is expected to be highly adopted in the healthcare industry

With the rapid spread of the novel coronavirus, the healthcare and pharmaceutical industries are at the forefront of combating the pandemic. The pandemic has created real-world use cases for digital representations of a human’s physical being. Implementing citizen twins helps create a digital version of biometric measurements, such as glucose levels and heart rate. Additionally, citizen twins are also used to monitor health, enhance the surgical outcome, alert the system and recognize the pathology before the disorders are evident. Moreover, the digital human blueprint can also help predict future health issues and can be used to suggest a treatment. Hence, the rising use of citizen twins in the healthcare industry is expected to drive the market's growth.

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Challenges: Lack of skilled workforce

The creation of a citizen twin a person requires various technologies and skillsets, along with trained workers to handle the latest software systems. The digital change will lead to a change in the specifications of skills required for employees at different stages of the value chain. The expected increase in working efficiency and data-dependency of processes would lead to the requirement of new employee skill sets and high qualifications. This could create a skill gap between the new workers and trained workers. Thus, the unavailability of a skilled workforce would hamper the market's growth.

Market Scope and Applications

The Citizen Twin market spans across various industries, including aerospace, automotive and transportation, healthcare, energy and utilities, among others. Each sector leverages Citizen Twins in unique ways to drive innovation and efficiency gains:

Aerospace: Enhancing aircraft design and maintenance processes through real-time simulation and predictive analytics.

Automotive and Transportation: Optimizing vehicle performance monitoring, predictive maintenance, and fleet management.

Healthcare: Improving patient outcomes through personalized treatment plans and predictive health monitoring.

Energy and Utility: Streamlining operations of power plants, grids, and distribution networks for enhanced reliability and sustainability.

Key Components Driving Growth

The market for Citizen Twins is propelled by advancements in technology and increasing adoption across enterprises of all sizes. Key components driving this growth include:

Enterprise Adoption: Both large enterprises and small to medium-sized businesses are integrating Citizen Twin technology to gain competitive advantages, improve operational efficiency, and deliver superior customer experiences.

Application Diversity: From product design and development to performance monitoring, predictive maintenance, and business optimization, the versatility of Citizen Twins addresses diverse industry needs and challenges.

Technological Advancements: Innovations in artificial intelligence (AI), machine learning (ML), IoT (Internet of Things), and cloud computing are enhancing the capabilities and scalability of Citizen Twins, making them more accessible and impactful across industries.

Global Forecast and Future Outlook

Looking ahead to 2028, the Citizen Twin market is poised for substantial growth and evolution. With increasing investments in digital transformation initiatives globally, coupled with a growing awareness of the benefits offered by Citizen Twins, the market is expected to expand significantly. Regions such as North America, Europe, Asia-Pacific, and others will witness robust adoption driven by technological advancements and strategic initiatives by key market players.

 

Insights into the Lens Market: A Global Perspective

 

The lens market plays a pivotal role in various industries and consumer segments worldwide, offering essential components for optical devices and vision correction. This article delves into the dynamics, trends, and growth prospects of the global lens market, highlighting key factors influencing its evolution across diverse sectors.

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Understanding the Lens Market Landscape

The lens market encompasses a wide array of products catering to both industrial and consumer applications. From optical lenses used in cameras, microscopes, and telescopes to lenses for vision correction in eyeglasses and contact lenses, these products serve critical functions in enhancing visual clarity and precision.

The online segment is projected to grow at the highest CAGR in the Lens market from 2022 to 2027.

The e-commerce sector has been significantly boosted in recent years by the wave of digitization, and over the projection period, significant expansion is anticipated. The introduction of technological innovation has resulted in an entirely different retail experience for both customers and providers. The ability of these lenses to create high resolution image with monofocal or variable-magnification macro lenses with sensors makes them suitable for security as well as photography. The entire demand has been greatly increased by users' growing passion for online shopping, unmatched Internet services, and the need for video surveillance penetration rate in the global lens market.

Automotive Segment to Account for High Market Size By 2027

The growing passenger safety concerns are attributable to the lens market's growth. Additionally, surveillance cameras and rear-view cameras offer a greater level of performance that upholds quality requirements and is economical. It is anticipated that worldwide vehicle adoption will increase lens market growth for driver assistance, emergency braking, and autonomous parking. It is projected that further advancements in camera technology would accelerate market expansion. The clear visibility provided by optic lenses working with cameras to ensure pedestrian and driver safety is anticipated to drive market expansion during the anticipated time frame.

Asia Pacific region is expected to hold the large share in the market during the forecast period.

Asia Pacific is the hub of manufacturing, has highest vehicle PARC, and rising adoption for consumer electronics as well.  This, in turn, is anticipated to create high demand for lens thereby fueling the market growth in the region. Additionally, increasing interest towards photography has fueled the demand for professional cameras such as DSLRs, in turn, driving the demand for lenses in the global market. Moreover, Asia Pacific is also home for some of largest multinational corporations in this domain, such as Canon Inc. (Japan), CBC Co.,Ltd. (Japan), and Fujifilm (Japan). China and Japan are the major contributor to the growth of the lens market in around the world and these nations are expected to dominate the market in the coming years.

Key players in the market

The key players operating in the Lens market are Canon Inc. (Japan), CBC Co.,Ltd. (Japan), Fujifilm (Japan), Kowa Company Limited (US), Leica Camera AG (Germany), Nikon (Japan), Olympus Corporation (Japan), Panasonic (Japan), Samyang (South Korea), and Sony (Japan) among others.

Global Industrial Nailer Market: Product Types, Operations - Forecast to 2028

An industrial nailer, also known as a nail gun, is used to drive nails into wood and other material. In addition, an industrial nailer is considered a professional hand tool used for straps, siding, fences, underfloor, exteriors, and roofing. Industrial nailers are usually powered by electromagnetism, compressed air (pneumatic), and highly flammable gases, namely butane and propane. Further, it is manufactured with a portable design and is a maintenance-free device. Moreover, the industrial nailer has a mechanically triggered locking system.

The global industrial nailer market size is expected to grow from USD XX million in 2022 to USD XX million by 2027, at a CAGR of XX%. The demand for automation in the manufacturing industry is the key factor boosting the market growth.

Drivers: Increasing use of industrial nailers in construction, packaging, and manufacturing industry

The global industrial nailer market is projected to grow exponentially owing to rising demand for industrial nailers in several industries, namely construction, packaging, and manufacturing. The demand for industrial nailers is growing due to their superior capabilities. Industrial nailers help to increase productivity and work efficiency and save time. Moreover, these industrial nailers can replace industrial hand tools, including metalworking hammers, which are projected to drive the growth of the industrial nailers market during the forecast period.

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Growing industrialization to drive the demand for industrial nailers

As industrialization is increasing rapidly worldwide, the cost of bulk products is expected to decrease. Further, it will lead to the demand for more efficient automation. Due to the growing industrialization - manufacturing demand, diversification, adoption, and implementation of newer technology will increase. This helps to drive the growth of the industrial nailers market to expand and prosper during the forecast period.

Challenges: Skilled workers to operate machinery associated with nailers leads to an increase in the labor cost

The equipment and machinery associated with industrial nailers are considered complex in the market. They can only be operated by well-trained and skilled workers, which further increases labor costs. This factor is the most growing challenge and can hinder the market and the near future. Additionally, workers must take some required safety precautions to use these devices because failure can lead to serious health hazards. These features are challenging and can disrupt the market.

Key players in the market

Aerosmith Fastening  (US), APACH INDUSTRIAL CO., LTD. (Taiwan), John. Friedrich Behrens France (Germany), Bostitch Industrial  (US), DEWALT (US), Koki Holdings America Ltd. (US), J-AIR Corporation (Japan), MAX Co., Ltd. (Japan), and Raimund BECK KG (Austria) are few key players in the industrial nailer market globally.

Global Engineered Fastener Market: Projected Trends and Growth to 2027

 The engineered fastener are type of hardware devices or tools which are used to connect parts or objects together permanently, semi permanently or non-permanently. The most common types of fasteners used in various industries include nuts, nails, bolts, screws, studs, rivets among others.

The engineered fastener market is segmented into by material, by product, by type, by industry, and by region. Engineered fasteners are used in almost every type of machine or motor to fix the part of the machines accurately and safely. These fasteners also find their use in consumer electronics such as mobile phones, laptops among others.

The use of fastener in the aerospace industry is critical and hence, strict standards are to be followed by the manufacturers for the fasteners used in the aerospace industry. Fasteners are also widely used in automobiles and their spare parts. The rise in EV vehicles market will support and strengthen the engineered fastener market in the forecast period. The alternatives such as clinching is the restraining factors of the market. The substitutes such as adhesives and bonding also restrict the use of fasteners in certain specific application.

Market Dynamics

DRIVER: Positive demand from thriving automotive industry

The automotive industry is continuously evolving with some key technological changes such as autonomous driving, electrification, and connectivity. The vehicles designed and developed today have complex designs and include more electronic parts for better durability and performance. The engineered fasteners are an important part of automotive development, as they give the unit compactness and strength. Hence, as the manufacturing of the vehicles is increasing, the demand for engineered fastener will also increase. Moreover, every part of the whole model of automotive is fixed, joint, and placed using various types of engineered fasteners.

These fasteners can be standard, or custom made according to the automotive manufacturer’s needs. Besides, the global market for electric vehicles is growing rapidly as many countries are now adopting sustainable means of transport. According to an article published in Feb 2022, by Economic Times, the global electric vehicle (EV) sales saw a tremendous rise in 2021, as compared to earlier years, wherein around 6.5 million units of EV’s were sold globally. The number of units sold is anticipated to rise in coming years. The EV market is growing worldwide, which will also support the growth of engineered fastener market.

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RESTRAINT: Availability of alternatives could hamper the market growth

In recent years, an increased use of substitute products such as tapes, adhesives is seen, which can hamper the engineered fastener market growth. Besides, metal fasteners can be replaced by welding, in industries such as aerospace and automotives which can degrade the growth of fastener market in the industry.

The plastic fasteners are replaced by tapes and adhesive in applications such as home appliances and construction. However, to overcome this situation some of the fastener manufacturers are providing customization solutions which will significantly contribute to the growth of the market.

OPPORTUNITY: Customized fastener for aerospace and automotive industry

The aerospace and automotive designs are complex, and the manufacturing of these designs is time consuming. The aircraft constitutes of aircraft engines, landing gears, supercharges apart from the overall hardware construction, which needs superior quality engineered fasteners.

The increasing research and development of commercial aircrafts along with defense aircrafts are attributing to the increased use of customized engineered fastener in the industry. The complex joints and fixing in the aircraft design need different grade of fasteners which are customized and specially built for the aerospace industry. Besides, the constant design developments in the automotive industry and custom designs especially used in the sports edition and special editions are driving the demand for custom engineered fasteners. Hence, the market opportunity for customized fasteners in these two industries is wide and can be captured by the manufacturers.

CHALLENGE: Shortage of raw materials

The fasteners are built with different materials such as steel, chrome, aluminum among others. Due to the increased use of these metals in various industries and impact of COVID-19 on global supply chains, there is a shortage of such materials.

Steel is used in making of every tool, device, cars, automobiles, spare parts, home appliances, among others, which results in the demand and supply gap. The demand for steel is always rising due to its nature of non-corrosiveness and robustness. The increased demand for steel, often leads to the shortage globally, which could affect the manufacturing of engineered fasteners.

“Metal Fasteners to dominate the engineered fastener market”

Metal fasteners can find their applications in almost all industries such as construction, automotive, aerospace, industrial machinery, manufacturing, and home appliances among others. The metal fasteners are made up of metals such as steel, aluminum, chrome, brass, copper, nickel, and titanium.

The metal used in the fastener depends upon the application and the properties required by respective fastener. For instance, the titanium fasteners are used in aerospace industry, similarly copper is used for marine industry due to its high resistance to saltwater corrosion.

Moreover, the metal fasteners provide better resistance and mechanical strength to the equipment used in industries such as construction, manufacturing, power and oil and gas. All these factors are driving the demand of metal fasteners worldwide.

Key Market Players

Stanley Black & Decker, Inc. (US), LISI GROUP (France), Nifco Inc. (Japan), Würth Group (Germany), Illinois Tool Works Inc. (US), and Alcoa Corporation (US) are a few key players in engineered fastener market.

“Aerospace industry to register the highest CAGR in the forecast period”

The aerospace industry application is expected to register the highest CAGR during the forecast period. The fasteners in aerospace industry are majorly used for aircraft assembly and manufacturing processes of the aircraft carriers. The fasteners used in the aircraft require high-strength materials with high-impact resistance. These fasteners are also required to be lightweight, hence, metal fasteners are used which are made of titanium metal. The expected growth of global aerospace industry is expected to fuel the engineered fastener market in the forecast period.

“Engineered fastener market in Asia Pacific to grow at the highest CAGR”

The growing population, rising urbanization, rising income level, and expanding construction industry in emerging economies such as China and India are the key factors driving the growth of the Asia Pacific engineered fastener market. Moreover, increased government investments in commercial and residential construction sector will boost the engineered fastener market in the region.

Besides, the standard of living in the region is improving and thus attributed to the economic developments in the region, which is driving the demand for industries like automotive and construction in the region. Additionally, China and India are the major manufacturing hubs, which further drives the market growth in the region.

Future of AR Cloud Market: Global Forecast to 2027

 Augmented reality (AR) enables interactive, immersive environments where real-world objects are overlaid by digital content based on the multimodal sensory events including visual, auditory, haptic and external Internet of Things (IoT) sensor data.

AR Cloud is the term for technology that enables the delivery of user-centric contextual digital content augmented over physical objects on devices like phones, headsets, or head-mounted display (HMD). It takes advantage of existing digital and connectivity technologies such as 5G telecommunication services, mobile technologies, etc.

AR cloud provides an abstracted medium for physical spaces, objects, and humans where digital content and experiences can be tailored for every user. The seamless and ubiquitous delivery of relevant information overlaid on such an abstraction layer will enable consumers to make well-informed decisions for shopping and navigation, among other use cases.

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While dedicated AR solutions for engineering, manufacturing, and healthcare industries are widely adopted, AR experiences for the wider consumer user base are not yet available at scale.

Pokemon Go was one of the first massive experiences of contact with augmented reality technology that the world had experienced. Beyond the Pokemon Go´s madness, this showed what the interaction with the internet of things might look like in the near future.

The main challenges in AR adoption are meeting user expectations of an immersive experience, justifying device and implementation costs, overcoming difficulties in content creation, sharing content to multiple users in real-time, technical maturity and features within AR devices. With the current global pandemic impacting the way people live, communicate and conduct business, digital applications and services are seeing significant adoption. The ability of AR Cloud to share experiences in the virtual world will lead to collaborative engagement opportunities across healthcare, construction and design, manufacturing, gaming and many others.

The AR cloud will transition people away from using an internet browser to search for information to using an AR browser to search for information visually. It’s like googling the world by just looking at it. The information to be searched will be in the current context. For example, in the travel industry, AR Cloud-enabled apps, or WebAR, can provide multi-user engagement experiences during the exploration of historical places or new sites and locations.

Key Market Players

Niantic (US), YouAR (US), Sturfee (US), Augnemted.City (Italy), Oracle (US), Norkart (Norway), Foundry (UK), Qualcomm Technologies Inc. (US), Fantasmo (US), Ubiquity6 (US), and Open AR Cloud (US) are few key players in the AR cloud market globally.

Pole Saw and Tree Trimmer Market - Global Forecast to 2027

 A pole saw is defined as a saw blade or a saw device attached to a pole's end. The primary function of a pole saw is to reach those tops and branches of hedges that are generally considered out of reach. In addition, a pole saw helps people reach targets at higher elevations without using a ladder or other equipment. Further, a tree trimmer is equipment that works in various ways. For instance, it is used to trim trees and shrubs to improve their value, health, and appearance to maintain the public's safety and health. Tree trimmers are mainly used in forestry departments, local parks, and commercial landscapes.

The global pole saw and tree trimmer market size is expected to grow from USD XX million in 2022 to USD XX million by 2027, at a CAGR of XX%. The key factors boosting market growth are the increasing health concerns of trees and the growing number of commercial properties globally.

Drivers: Tree trimmers to maintain the health of trees

Tree trimmers are mainly employed to maintain the health of trees. Tree trimmers help remove the tree's damaged, dead, and diseased branches and prevent insects and decay organisms from entering the trees. They are also being used to thin the dense canopies of trees and help to increase the exposure of trees to air and sunlight. Because exposure to sunlight and air helps the plant or tree to prevent various diseases, it will help drive the growth of the tree trimmer market.

The lightweight pole saw drives the demand

Pole saws are designed to be lifted about people’s heads with the help of arms. Pole saws come with braces and handles that help them hold for a sufficient time when raised in the air. Further, the heavy or bulky parts of the pole saw, such as the gas tank, batteries, gas engine, and motor, are placed at the bottom of the pole saw, and these can be kept close to the body with the help of braces to make pole saw more comfortable to the people. Hence, owing to their lightweight, the demand for pole saw is growing.

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Challenges: Higher cost of Pole saw

Pole saws are considered very expensive equipment; thus, they are less accessible for some people. For instance, gas-powered pole saws are considered the most expensive pole saw than any other in the market. Because this kind of pole saw requires gas refilling in case the tank gets empty, that adds to the gardening expenses. In addition, this kind of saw is generally not considered ideal for small pruning jobs since it is louder and heavier. Hence, gas-powered saws are suitable for professional and commercial use.

Key players in the market

Husqvarna AB (Sweden), CRAFTSMAN  (US), Remington LLC (US), DEWALT (US), STIHL Incorporated (US), Milwaukee Electric Tool Corporation (US), Hubbell Incorporated (US), Fiskars Group (Finland), and Stanley Black & Decker, Inc. (US) are some of the players in the pole saw and tree trimmer market globally.

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