Market overview:

The Global Smart Pneumatics Market size is estimated to be valued at $xx billion by 2028, during the forecast period 2023 - 2028.

Smart tires are upgraded pneumatic components designed to generate continuous information while the device is in use. Device managers and experts are now better able to understand how each piece of hardware performs under varied circumstances thanks to this continuous information generation. Due to their simultaneous registration and maintenance capabilities, smart tires are quickly replacing traditional pneumatic systems. Additionally, it assisted engineers and operators in pinpointing the precise issue and reduced the need for and expense of maintenance. Despite the fact that smart pneumatic systems are rather expensive, some Tier 1 manufacturers have already embraced them and are taking advantage of their benefits.

The total effectiveness of your equipment, which is enhanced by a greater understanding of machine systems and processes, is one of the fundamental philosophies guiding the future of pneumatics. Pneumatics still have a future even though the focus is on electronic and digital control of automated systems. This is because many hardware components of the pneumatic system may adjust their designs and processes to incorporate the aspects of the IIoT in your operation. For instance, thin sheets are used in advanced electronic data collection systems being studied by researchers. These sheets may be attached to a pneumatic chamber like names, where they would collect information through touch and use and transmit it remotely to a watching organization.

Market Drivers and Restraints:

Demand for smart tires is influenced by driving factors like increased awareness of predictive maintenance, penetration of digitization and IIOT, demand due to remote monitoring capabilities, need for wireless infrastructure to maintain / monitor equipment in factories, and strict environmental and safety regulations in the energy industry.

However, in the current market environment, the strong initial interest in valve projects, the lack of a typical stage for ZigBee, Profibus, and Ethernet, as well as the absence of standardized accreditations and government initiatives, are negatively hurting the development of this sector.

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https://www.marketdataforecast.com/market-reports/smart-pneumatics-market

The report is segmented as follows:

The Smart Mining Market is segmented by Type; the Market is segmented by Component; the Market is segmented by End User:

By Type (smart pneumatic valve, smart pneumatic actuator, and smart pneumatic module)

By Component (hardware, software)

By End User (automotive, oil & gas, food & beverage, energy & power, and others)

Regional Segmentation:

On one hand, because of its extensive usage of innovative manufacturing methods and automation technology, North America is also anticipated to spur future market growth.

During the anticipated period, Asia-Pacific is anticipated to dominate the market for smart tires. Numerous sectors are embracing smart manufacturing, or Industry 4.0, which has given this market tremendous growth prospects. In addition, there are stringent government rules on workplace and personal safety, a growing emphasis on making the best use of resources, and severe quality control in the chemical, semiconductor, building, and construction industries. The development of smart pneumatics systems in this region is being accelerated by the automotive and food and beverage industries

Impact of COVID-19 pandemic on the market:

Many nations have become paralyzed as a result of the new coronavirus's discovery and quick spread. In numerous businesses, the COVID-19 epidemic has caused a stir. Governments all around the world have implemented stringent limitations on the use of vehicles and the movement of people as a result of the virus's rapid development in its rate of dissemination. The pandemic is significantly hurting economies and numerous industries in numerous nations because of travel restrictions, mass closures, and business closures. Production of commodities, goods, and services has decreased as a result of the enforcement of foreclosure. Due to the temporary suspension of operations, the manufacturing, automotive, semiconductor and electronics, oil and gas, mining, aviation, and other sectors are seeing a drop in their activity. Players in the miniature tire industry are also noticing a slowdown in volume production as a result of the shortage of labor in manufacturing facilities, which is hurting the market. The commercial effects of the pandemic and the economic crisis it caused are first examined, and the growth of the software and services sector is then readjusted to a revised CAGR of 6.3% for the following seven years.

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