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Global Industrial Machine Vision Camera Market Report to 2028: Surge in Adoption of Artificial Intelligence, Industrial Robots and Industry 4.0 Drives Growth

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Friday, March 24, 2023

Growth Drivers: One of the most important factors impacting the global industrial machine vision camera market is the surge in adoption of industrial robots.

Key Points: 
  • Growth Drivers: One of the most important factors impacting the global industrial machine vision camera market is the surge in adoption of industrial robots.
  • Challenges: However, the market has been confronted with some challenges specifically, high cost of industrial machine vision camera and difficulty in maintenance of industrial machine vision camera, etc.
  • Embedded machine vision is becoming increasingly popular in the industrial machine vision camera market as it offers a compact and cost-effective solution for many industrial applications.
  • Global industrial machine vision camera market is concentrated market with top 3 players - Keyence, Teledyne Technologies Incorporated and Cognex hold around 47% of market share.

Analogue Grows FY2022 Revenue and Contracts Awarded by 21.0% and 41.8% Respectively Defying Challenging Market Conditions

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Friday, March 24, 2023

-- Total revenue reached HK$6,474.7 million, an increase of 21% year-on-year

Key Points: 
  • -- Total revenue reached HK$6,474.7 million, an increase of 21% year-on-year
    During the Year, the Group's total revenue increased by 21.0% year-on-year to HK$6,474.7 million.
  • Tendering activities remained active throughout the Year, with a total of 1,409 tenders or quotations valued at over HK$1 million each.
  • The Board did not recommend a payment of a second interim dividend for the year ended 31 December 2022.
  • The Group's exceptional project execution capability enabled it to deliver on the order book throughout FY2022, boosting the segment revenue by 26.0% to HK$4,257 million.

5G IoT Market worth $59.7 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, March 24, 2023

CHICAGO, March 24, 2023 /PRNewswire/ -- The global 5G IoT Market size is projected to grow from USD 13.2 billion in 2023 to USD 59.7 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 35.1% during the forecast period, according to a new report by MarketsandMarkets™.

Key Points: 
  • CHICAGO, March 24, 2023 /PRNewswire/ -- The global 5G IoT Market size is projected to grow from USD 13.2 billion in 2023 to USD 59.7 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 35.1% during the forecast period, according to a new report by MarketsandMarkets™.
  • Heavy IoT investments are driving the growth of the 5G IoT Market.
  • Asia Pacific is the fastest-growing region in the 5G IoT Market.
  • These countries have sustainable and well-established economic growth, empowering them to increasingly invest in R&D activities, thereby contributing to developing the 5G IoT Market.

5G IoT Market worth $59.7 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, March 24, 2023

CHICAGO, March 24, 2023 /PRNewswire/ -- The global 5G IoT Market size is projected to grow from USD 13.2 billion in 2023 to USD 59.7 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 35.1% during the forecast period, according to a new report by MarketsandMarkets™.

Key Points: 
  • CHICAGO, March 24, 2023 /PRNewswire/ -- The global 5G IoT Market size is projected to grow from USD 13.2 billion in 2023 to USD 59.7 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 35.1% during the forecast period, according to a new report by MarketsandMarkets™.
  • Heavy IoT investments are driving the growth of the 5G IoT Market.
  • Asia Pacific is the fastest-growing region in the 5G IoT Market.
  • These countries have sustainable and well-established economic growth, empowering them to increasingly invest in R&D activities, thereby contributing to developing the 5G IoT Market.

2023 Ontario Budget Keeps Ontario Moving

Retrieved on: 
Friday, March 24, 2023

Mississauga, Ont., March 24, 2023 (GLOBE NEWSWIRE) -- The Ontario Road Builders’ Association congratulates and thanks the Ontario Government’s significant increase in transportation infrastructure investments announced yesterday in the 2023 provincial budget.

Key Points: 
  • Mississauga, Ont., March 24, 2023 (GLOBE NEWSWIRE) -- The Ontario Road Builders’ Association congratulates and thanks the Ontario Government’s significant increase in transportation infrastructure investments announced yesterday in the 2023 provincial budget.
  • Yesterday’s budget announcement of $27.9 billion over the next decade for highways rehabilitation and expansion represents an increase of $2.8 billion from the projections in last year’s budget.
  • ORBA members look forward to doing our part to help keep Ontario Moving,” said Michael McSweeney on behalf of all ORBA Members.
  • Background on ORBA: The Ontario Road Builders’ Association is proud to represent the transportation infrastructure sector in Ontario.

GITAI Conducts Successful Demonstration of Lunar Base Construction in a Mock Lunar Surface Environment

Retrieved on: 
Friday, March 24, 2023

TORRANCE, Calif., March 24, 2023 /PRNewswire/ -- GITAI USA Inc. (GITAI), the world's leading space robotics startup, conducted a successful demonstration of lunar base construction using two GITAI inchworm-type robotic arms and two GITAI Lunar Robotic Rovers in a simulated lunar environment.

Key Points: 
  • TORRANCE, Calif., March 24, 2023 /PRNewswire/ -- GITAI USA Inc. (GITAI), the world's leading space robotics startup, conducted a successful demonstration of lunar base construction using two GITAI inchworm-type robotic arms and two GITAI Lunar Robotic Rovers in a simulated lunar environment.
  • As the demand for lunar exploration and lunar base construction increases, there is a growing need for safe and affordable labor in space.
  • This ground demonstration test emulates tasks that will be required for future lunar explorations and lunar base constructions using four robots: two inchworm-type robotic arms and two lunar robotic rovers.
  • The following three sets of tests were conducted in the simulated lunar environment in the desert, and all tests were completed successfully:

Tint World® Continues Growth in Texas with Benbrook Location

Retrieved on: 
Friday, March 24, 2023

FORT WORTH, Texas, March 24, 2023 /PRNewswire/ -- Tint World® Automotive Styling Centers™, a leading auto accessory and window tinting franchise, announces the opening of its new location in Benbrook, Texas.

Key Points: 
  • FORT WORTH, Texas, March 24, 2023 /PRNewswire/ -- Tint World® Automotive Styling Centers™ , a leading auto accessory and window tinting franchise, announces the opening of its new location in Benbrook, Texas.
  • Richards is also the owner of Tint World® locations in Grapevine, Texas, and Rowlett, Texas.
  • "Mike has shown a passion for meeting the needs of Tint World® customers throughout North Texas," said Charles J. Bonfiglio, president and CEO of Tint World®.
  • Our innovation and franchisee support help Tint World® owners differentiate themselves from the competition and offer unique opportunities for growth."

Charge Enterprises and Eaton target U.S. fleets to accelerate custom infrastructure for electric vehicle charging solutions with a client-centric, turn-key ecosystem

Retrieved on: 
Friday, March 24, 2023

Charge Enterprises, Inc. (Nasdaq: CRGE) (“Charge” or the “Company”), and Eaton , an intelligent power management company, announced today a strategic collaboration to fast-track electric vehicle (EV) charging infrastructure deployment for fleets and car dealers.

Key Points: 
  • Charge Enterprises, Inc. (Nasdaq: CRGE) (“Charge” or the “Company”), and Eaton , an intelligent power management company, announced today a strategic collaboration to fast-track electric vehicle (EV) charging infrastructure deployment for fleets and car dealers.
  • Eaton and Charge are providing complete EV charging infrastructure for fleet electrification, including projects incorporating renewables and enabling net zero models.
  • Eaton will provide EV charging solutions , power distribution equipment and energy storage systems, including its EV chargers and Charging Network Management software .
  • Additionally, Eaton will supply the expert services and innovative products needed to integrate renewables and energy storage into EV charging applications.

Industrial Dust Collector Market to Reach $12.2 Billion, Globally, by 2031 at 4.4% CAGR: Allied Market Research

Retrieved on: 
Friday, March 24, 2023

PORTLAND, Ore., March 24, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Industrial Dust Collector Market by Product Type (Dry Dust Collectors and Wet Scrubber Dust Collectors), Media Type (Woven and Non-woven) and End User (Pharmaceutical, Chemical Industry, Food & Beverage, Textile and Others) Global Opportunity Analysis and Industry Forecast, 2022–2031." According to the report, the global industrial dust collector industry was estimated at $7.9 billion in 2021, and is anticipated to hit $12.2 billion by 2031, registering a CAGR of 4.4% from 2022 to 2031.

Key Points: 
  • The global industrial dust collector market is experiencing growth due to factors such as rapid industrialization and a rise in health and safety concerns.
  • Additionally, the global economy was affected by the pandemic, resulting in a reduction in manufacturing activities worldwide, which had an adverse effect on the global industrial dust collector market.
  • By product type, the dry dust collectors segment accounted for the major share in 2021, garnering nearly three-fourths of the global industrial dust collector market revenue.
  • By region, North America garnered the major share in 2021, accounting for around two-fifths of the global industrial dust collector market revenue.

Industrial Dust Collector Market to Reach $12.2 Billion, Globally, by 2031 at 4.4% CAGR: Allied Market Research

Retrieved on: 
Friday, March 24, 2023

PORTLAND, Ore., March 24, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Industrial Dust Collector Market by Product Type (Dry Dust Collectors and Wet Scrubber Dust Collectors), Media Type (Woven and Non-woven) and End User (Pharmaceutical, Chemical Industry, Food & Beverage, Textile and Others) Global Opportunity Analysis and Industry Forecast, 2022–2031." According to the report, the global industrial dust collector industry was estimated at $7.9 billion in 2021, and is anticipated to hit $12.2 billion by 2031, registering a CAGR of 4.4% from 2022 to 2031.

Key Points: 
  • The global industrial dust collector market is experiencing growth due to factors such as rapid industrialization and a rise in health and safety concerns.
  • Additionally, the global economy was affected by the pandemic, resulting in a reduction in manufacturing activities worldwide, which had an adverse effect on the global industrial dust collector market.
  • By product type, the dry dust collectors segment accounted for the major share in 2021, garnering nearly three-fourths of the global industrial dust collector market revenue.
  • By region, North America garnered the major share in 2021, accounting for around two-fifths of the global industrial dust collector market revenue.