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Painting Robot Market worth $5.8 billion by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, June 28, 2024 /PRNewswire/ — The Painting Robot market is projected to grow from USD 3.1 billion in 2024 and is estimated to reach USD 5.8 billion by 2029; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 13.1% from 2024 to 2029 according to a new report by MarketsandMarkets™. The growth of the Painting Robot market is driven by increasing preference for automated painting solutions in aerospace, furniture, and construction industries, integration of advanced technologies such as machine learning, computer vision, and artificial intelligence.

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Browse in-depth TOC on “Painting Robot Market” 

215 – Tables
73 – Figures
287 – Pages

Painting Robot Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 3.1 billion

Estimated Value by 2029

$ 5.8 billion

Growth Rate

Poised to grow at a CAGR of 13.1%

Market Size Available for

2020–2029

Forecast Period

2024–2029

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Mounting Type, Robot Type, Function, Payload, Reach, Paint Applicator, End-user Industry and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Cybersecurity risks and potential vulnerabilities in robotic systems

Key Market Opportunities

Rising labor costs and shortage of workers

Key Market Drivers

Widespread adoption of robotic painting systems by automotive manufacturers

By mounting type, Rail Mounted Painting Robot segment is projected to grow at a high CAGR of Painting Robot market during the forecast period.

In the aerospace industry, rail mounted painting robots are becoming increasingly prevalent in aircraft manufacturing facilities due to their ability to provide precise control over paint thickness and coverage. These robots play a crucial role in painting various components such as fuselages, wings, and other critical parts of aircraft, ensuring compliance with stringent quality standards. The global aerospace industry has been experiencing continuous growth over the past few years, driven by increasing air passenger traffic, growing demand for commercial aircraft, and innovations in aircraft technology. The Aerospace Technology Institute (ATI) projects that the global market for new aircraft deliveries will reach an estimated value of USD 6.3 trillion by 2050. As aircraft production ramps up to meet the growing global demand, the need for rail mounted painting robots will correspondingly increase. The aerospace industry includes sectors such as space exploration and satellite manufacturing, which also significantly contribute to the demand for rail mounted painting robots.

Collaborative Robots segment in Robot Type will account for highest CAGR during the forecast period.

Collaborative robots are gaining traction in the realm of painting applications, particularly in low-volume production scenarios. Their inherent flexibility allows easy adaptation to various painting tasks, making them well-suited for environments requiring frequent production changes. Cost-effectiveness is a notable advantage, as cobots offer an affordable alternative to traditional industrial robots, catering to smaller businesses with limited budgets. The user-friendly nature of cobots facilitates quick programming without extensive robotics expertise, reducing deployment time and training costs. Safety is paramount, with cobots designed for collaboration alongside human workers, negating the need for extensive safety measures common in traditional robotic setups. Their compact size and lighter build contribute to space efficiency, addressing constraints often encountered in low-volume production settings.

Up to 10 kg Painting Robot in Payload segment in Painting Robot market will account for the highest CAGR during the forecast period

Payload capacity of less than 10 kg indicates that the robot is capable of handling objects or components weighing less than 10 kg. Painting robots with a payload capacity of less than 10 kg are typically designed for applications that involve painting small to medium-sized components or objects. These robots are equipped with painting tools, such as spray guns or brushes, and are programmed to apply paint or coatings onto various surfaces with precision and consistency. Their lightweight payload capacity allows them to handle delicate or intricate components with ease, ensuring accurate paint application without compromising the integrity of the object.

1,000 MM TO 2,000 MM Painting Robot in Reach segment in Painting Robot market will account for largest market share in the forecast timeline

The 1,000 mm to 2,000 mm reach segment offers a various advantage in terms of optimizing efficiency and safety in painting processes. The ability of such robots to reach obstacles eliminates the need for manual repositioning, streamlining production lines.  Their reach allows for painting tasks to be performed from a safe distance, minimizing worker exposure to harmful fumes or hazardous materials. In industries such as automotive manufacturing, painting robots with a reach of 1,000 mm to 2,000 mm are in high demand. These robots are capable of painting larger components such as car bodies, doors, and hoods with precision and efficiency.

Painting in Function segment is expected to account for the largest share during the forecast period.

In various industrial settings, painting robots play a pivotal role due to their multifaceted design and functionality. The mechanical body provides the framework for precise movement and positioning, ensuring accurate application of paint or coatings on diverse surfaces. Equipped with sensors, these robots detect environmental variables and adjust painting parameters, thus enhancing efficiency and quality control. The control unit orchestrates the robot’s actions, synchronizing movement and painting processes seamlessly. Subsystems such as the man-machine interaction interface facilitate intuitive operation and programming, empowering operators to optimize painting tasks with ease.

Atomizers in Paint Applicator segment in Painting Robot market will account for largest share during the forecast period

The demand for atomizer painting robots is driven by the industry’s need to optimize production processes, reduce costs, and enhance product quality. The integration of atomizer painting robots offers real-time sensing capabilities that allow for immediate detection and correction of paint-quality issues during application. This proactive approach minimizes the occurrence of improperly painted parts, thereby reducing the need for subsequent rework and scrap. Atomizer painting robots enable consistent and precise paint application, leading to higher quality finishes and improved customer satisfaction. The demand for advanced paint atomization technology in industrial painting processes has spurred companies like ABB (Switzerland), DURR AG (Germany), and LACTEC GMBH (Brazil) to develop cutting-edge solutions personalized to meet the evolving needs of manufacturers

Furniture in end-user industry segment in Painting Robot Market will account for the highest CAGR by 2029.

The integration of modern technology with traditional woodworking practices over the past century has significantly enhanced the efficiency and quality of furniture production. Factories producing chairs and other furniture items in large quantities have increasingly turned to automation to maintain market leadership. Robots, specializing in tasks such as spraying paint, sanding, and inspecting have transformed furniture production by increasing productivity and ensuring consistent quality. CMA Robotics is driving innovation in the wood industry by providing advanced painting robots tailored specifically for this sector.  By leveraging the advanced technologies, such as 3D vision systems, the company has created complete systems for painting panels, doors, and furniture accessories. As manufacturers seek to maintain market leadership and meet consumer demands for superior products, they are increasingly turning to industrial robots designed specifically for painting applications.

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Asia Pacific will account for the highest CAGR during the forecast period.

The aging population in countries such as Japan and China has resulted in rising labor costs, accelerating the demand for automation. The aging population is also attracting companies to invest in Asia Pacific. The presence of some of the most prominent players in the painting robot market space, such as FANUC Corporation (Japan), Yaskawa Electric Corporation (Japan), and DENSO Corporation (Japan), is another major factor driving the market in this region. China is at the forefront of the painting robot industry, driven by its expansive manufacturing sector, rapid industrialization, and significant investments in automation technology. As the largest manufacturing hub in the world, China is leveraging painting robots to enhance production efficiency, improve product quality, and address labor challenges. As the region continues to transform and embrace smart manufacturing practices, the demand for painting robots is expected to rise.

Key Players

Key companies operating in the Painting Robot companies are ABB (Switzerland), FANUC CORPORATION (Japan), KUKA AG (Germany), YASKAWA ELECTRIC CORPORATION (Japan), Kawasaki Heavy Industries, Ltd. (Japan), DURR AG (Germany), Epistolio (Italy), krautzberger (Germany), CMA robotics (Italy), Stäubli International AG. (Switzerland), among others.

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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports: 

Industrial Robotics Market Size, Share and Industry Growth Analysis Report & Statistics by Type (Traditional, Collaborative), Component, Payload (Upto 16.00 Kg, 16.01-60.00 Kg, 60.01-225.00 Kg, More than 225 Kg), Application (Handling, Dispensing, Processing), End Use Industry and Region – Global Forecast to 2028

Collaborative Robot Market Size, Share, Statistics and Industry Growth Analysis Report by Payload (Up to 5 kg, 5-10 kg, 10-25 kg, & More than 25 kg), Application (Handling, Assembling & Disassembling, Dispensing), Industry (Automotive, Electronics, Metals & Machining) & Region – Global Growth Driver and Industry Forecast to 2030

Service Robotics Market Size, Share & Industry Trends Analysis Report by Environment (Aerial, Ground, Marine), Type (Professional, Personal & Domestic), Component, Application (Logistics, Inspection & Maintenance, Public Relations, Education) and Region – Global Forecast to 2028

Robot End Effector Market Size, Share, Statistics and Industry Growth Analysis Report by Type (Grippers, Welding Guns, Tool Changer, Clamps, Suction Cups, Deburring, Soldering, Milling, & Painting Tools), Robot Type (Traditional, Collaborative), Application, Industry & Region – Global Growth Driver and Industry Forecast to 2028

Top Robotics Market Size, Share and Industry Growth Analysis Report by Top Industrial Robotics (Articulated, SCARA, Cartesian, Parallel, Collaborative), Top Service Robotics (Logistics, Domestic, Medical, Defense, Rescue, and Security) End User and Region- Global Growth Driver and Industry Forecast to 2025

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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AIE Graduates create visual effects for Academy-nominated film

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NAWI, a feature film whose visual effects were created by graduates from the Academy of Interactive Entertainment (AIE), has been officially nominated by Kenya for entry into the 97th Academy Awards in the category of Best International Feature Film. NAWI is a heartfelt story about a young girl’s journey towards empowerment and aims to shed light on a pressing issue that affects countless young women in the Turkana region of Kenya.

CANBERRA, Australia, Sept. 19, 2024 /PRNewswire-PRWeb/ — NAWI, a feature film whose visual effects were created by graduates from the Academy of Interactive Entertainment (AIE), has been officially nominated by Kenya for entry into the 97th Academy Awards in the category of Best International Feature Film. NAWI is a heartfelt story about a young girl’s journey towards empowerment and aims to shed light on a pressing issue that affects countless young women in the Turkana region of Kenya.

“The film has a very important social message to tell so it was rewarding in many ways to be able to contribute to this project. NAWI was a fantastic opportunity for our graduates to put their skills to the test on a full-length feature film,” said Tom Pugh.

AIE graduates and teachers were given the opportunity to work on the film’s visual effects through AIE’s ongoing partnership with Learning Lions, who produced the film with Film Crew & Baobab Pictures. AIE is proud to support Learning Lions non-profit mission to enable young adults in marginalised rural communities of East Africa to become digital creatives by providing game development training and technology.

The visual effects for NAWI were brought to life by AIE teachers and experienced industry professionals, Thomas Magill and Tom Pugh, who were tasked with supervising the visual effects and liaising with the film’s Directors, Apuu Mourine, Kevin Schmutzler, Tobias Schmutzler and Toby Schmutzler. They assembled a team of recent AIE graduates and worked out how to create the effects required to immerse audiences in Nawi’s world.

“Graduates were able to take the skills they had learnt in class and apply them to cinema-quality footage. There was even a bit of nervous excitement working with professional expectations and deadlines,” said Tom Pugh.

Thomas Magill explained that most of the work involved compositing such as fixing blemishes, removing unwanted folds in clothing, changing pages in a book and removing background actors that were in the wrong place.

“We had a river shot where there was only a sandbank, and we had to create an entire island! There were several shots filmed in a dry riverbed which required us to create floodwater. We had to draw upon various disciplines: not just digital compositing but also visual effects creation and fluid simulations,” said Thomas Magill.

Both teachers enthused that the directors were a pleasure to work with and the collaboration was smooth.

“The film has a very important social message to tell so it was rewarding in many ways to be able to contribute to this project. NAWI was a fantastic opportunity for our graduates to put their skills to the test on a full-length feature film,” said Tom Pugh.

Learning Lions and AIE look forward to seeing NAWI progress through two rounds of voting by members of the Academy of Motion Picture Arts and Sciences to narrow the list of submitted films down to five nominees for the Best International Feature Film.

About Academy of Interactive Entertainment (AIE)

AIE offers practical, career-focused courses delivered by industry-experienced teachers in 3D animation, game development, visual effects and film. Since 2019 AIE has sponsored scholarships to their Certificate and Diploma programs to Learning Lions student. AIE provided laptops and is supporting with opportunities at various gaming companies around the world for paid part-time and full-time work.

https://aie.edu.au/

About Learning Lions

Learning Lions is fighting poverty with digital opportunity. Established in 2015, Learning Lions equips local youth with essential IT and media skills, and empowering them to become entrepreneurs and self-sustaining individuals. By leveraging digital services, these aspiring entrepreneurs not only support themselves but also provide opportunities for others through employment and mentorship.

https://www.learninglions.org/

Media Contact

Neil Boyd, Academy of Interactive Entertainment, 61 434273190, neilb@aie.edu.au, https://aie.edu.au/

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Valhalla MSO Launches Impetus One to Enhance Valhalla Vitality’s Telehealth Platform

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Valhalla MSO launches Impetus One, enabling healthcare providers to expand services, improve patient retention, and boost revenue with no upfront costs

MIAMI, Sept. 19, 2024 /PRNewswire-PRWeb/ — Valhalla MSO is excited to announce the launch of Impetus One (IO), a new software designed to power the Valhalla Vitality Network Provider Program. This initiative aims to expand the reach and capabilities of independent healthcare providers by offering an alternative to the traditional insurance model. With a focus on preventative medicine and wellness therapies, the platform is set to enhance patient care while creating new revenue opportunities for providers.

The Valhalla Vitality Network Provider Program addresses the gap created by insurance companies that often deny coverage for preventative medicine, wellness services, and even weight loss therapies. Insurance typically does not compensate healthcare providers for the time spent improving a patient’s overall health. Impetus One (IO) offers an alternative by providing a cash-pay marketplace where providers are fairly compensated for delivering impactful, life-changing services to their patients.

Key Benefits for Providers

Impetus One Software Integration: The platform integrates seamlessly with Valhalla Vitality, offering an e-commerce marketplace that connects patients with a wide range of health services. Providers can easily adopt the system to deliver therapies and other services, ensuring smooth payment processing and order fulfillment.No Upfront Costs: Providers can join the Network Provider Program without any initial fees. They simply share a unique link with patients, allowing for easy access to services, and payments are processed as orders are placed. Partner pharmacies handle medication shipments directly, creating a hassle-free experience for providers.Boosting Patient Retention: The platform includes a VIP Rewards Program, designed to increase patient retention and loyalty. Patients earn points for discounts and exclusive benefits, which encourages ongoing engagement and care continuity.E-commerce and Wellness Integration: Unlike typical affiliate programs, Valhalla Vitality allows providers to retain full control of their patient relationships. Providers can generate revenue through the integrated e-commerce system without worrying about referral fees or kickbacks, enabling them to focus solely on delivering high-quality patient care.

By joining the Valhalla Vitality Network Provider Program, healthcare providers gain access to a scalable model that helps increase profits, introduce new services, and enhance patient satisfaction. The VIP Rewards Program also strengthens the bond between patients and providers, making healthcare more accessible and rewarding for all.

Healthcare providers looking to grow their practices and increase revenue can join the Valhalla Vitality Network by visiting http://www.providevitality.com. Valhalla MSO’s new platform is a powerful tool for delivering advanced, patient-centric healthcare with a focus on accessibility and quality.

For more information, visit Valhalla Vitality at http://www.valhallavitality.com.

Media Contact

Chris K., Valhalla Vitality, 888-888-8888, ck@s99agency.com, https://valhallavitality.com/

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Ultima Markets Wins Two Prestigious Awards at Global Forex Awards–Retail 2024!

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LIMASSOL, Cyprus, Sept. 19, 2024  /CNW/ — Ultima Markets, a leading global forex and CFDs brokerage, is thrilled to announce its double success at the prestigious Global Forex Awards – Retail 2024. The company won two distinguished awards: “Best Affiliates Brokerage – Global” and “Best Fund Safety – Global.”

The awards were presented during the event in Limassol, Cyprus, where Jean Philippe, Board Advisor, Corporate Governance and Sustainability at Ultima Markets, accepted the honours.

The Global Forex Awards – Retail has celebrated excellence in trading innovation for seven consecutive years. Ultima Markets’ dual wins reflect its commitment to quality, client-centric strategies, and strong partnerships across the financial services sector.

The “Best Affiliates Brokerage—Global” award recognises Ultima Markets’ exemplary affiliate programme, which has successfully driven its global expansion. It is celebrated for its transparency and competitive rewards tailored to affiliate needs.

Receiving the “Best Fund Safety – Global” award highlights Ultima Markets’ efforts to safeguard client assets. Through its partnership with Willis Towers Watson, the company provides up to USD$1,000,000 in insurance per account, while its Financial Commission membership ensures clients access to up to €20,000 in compensation funds.

These recognitions underscore Ultima Markets’ priority to security and transparency, including segregated accounts and robust risk management practices. The broker also assures affiliate partners of exceptional standards.

Commenting on the awards, Jean Philippe said, “These recognitions reflect the exceptional work of our teams to ensure the safety of traders’ funds and our dedication to creating value for our partners and clients. We will continue to evolve and innovate to meet the market’s demands.”

Ultima Markets is renowned for its extensive range of trading products and personalised customer service, designed to meet clients’ diverse needs worldwide. The dual recognition marks a significant milestone in the company’s global growth and reaffirms its reputation for delivering fund safety and robust affiliate opportunities.

“We are delighted to be recognised with these awards, which reflect our mission to create a secure trading environment and build strong, rewarding partnerships,” said Jack Li, Ultima Markets’ Regional Business Director.

About Ultima Markets

Ultima Markets is a fully licensed, fast-growing broker offering access to 250+ financial instruments. With a team of 2,000+ professionals in 15 global offices, we serve clients in 172 countries. Check out more about our awards on Facebook, X, Instagram, LinkedIn and YouTube.

 

 

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