James Prestwood
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James Prestwood In The News
Mobile World Live (2024-01-29)
James Prestwood, industry analyst at ABI research, told Mobile World Live (MWL) developing markets in APAC are likely to see the strongest growth in private 5G network revenue from manufacturing between 2022 to 2030, with a CAGR of more than 45 per cent exceeding North America and Europe.
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Future IoT (2024-01-19)
“AI is accelerating and improving the efficiency of the MV market. It increases inspection speeds and enables the movement of quality upstream, and AI systems are more adaptable than traditional software,” explains James Prestwood, industrial and manufacturing industry analyst at ABI Research.
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Control Engineering (2024-01-09)
“AI is accelerating and improving the efficiency of the machine vision (MV) market. It increases inspection speeds and enables the movement of quality upstream, and AI systems are more adaptable than traditional software. However, although many AI solutions can easily integrate with existing MV hardware and software, its lack of explainability can be challenging. Without this functionality, AI could struggle to make traction in high-regulation markets,” explained James Prestwood, Industrial and Manufacturing Industry Analyst at ABI Research.
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Design Engineering (2024-01-03)
“AI is accelerating and improving the efficiency of the MV market,” James Prestwood, Industrial and Manufacturing Industry Analyst at ABI Research. “It increases inspection speeds and enables the movement of quality upstream, and AI systems are more adaptable than traditional software.”
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Factory (2024-01-03)
The machine vision quality control market is expected to grow from $2.3 billion in 2023 to a significant $7.2 billion in 2028, according to a recent report from technology market research firm ABI Research . The increasing presence of artificial intelligence (AI) as an enabling technology could have a causal influence on this forecast growth. “AI is accelerating and improving the efficiency of the MV market,” says James Prestwood, Industrial and Manufacturing Industry Analyst at ABI Research, confirming this assumption. It increases inspection speeds and enables quality to be shifted upstream. In addition, AI systems are more adaptable than conventional software.
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Industry Week (2024-01-03)
“The current market zeitgeist around AI has bled significantly into manufacturing markets, but its deployment will be held back by a staunch lack of trust amongst operators and calls for comprehensive and provable use cases. This is particularly the case for functionality associated with quality management processes and QMS software, due to an entrenched resistance to change and concern around giving up control of processes,” says ABI research industry analyst James Prestwood.
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EE Times Asia (2023-11-09)
“The primary change to the largest manufacturing companies globally is the absence of electronic companies in the top 10. Petroleum refining, mining, and automotive manufacturers continue to dominate the top 10 spots. While automotive manufacturing still boasts the largest factories by size, its dominant status at the top is contested by the construction of massive semiconductor plants in the United States. TSMC’s Pheonix Arizona Plant, for example, is now the third largest factory in the world at over 5.1 million square meters,” says James Prestwood, Industrial and Manufacturing Markets Industry Analyst at ABI Research. Samsung and Texas Instruments are also constructing large manufacturing plants in the United States.
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Future IoT (2023-11-08)
“The primary change to the largest manufacturing companies globally is the absence of electronic companies in the top 10,” says James Prestwood, industrial and manufacturing markets industry analyst at ABI Research. He listed petroleum refining, mining, and automotive manufacturers as continuing to dominate the top 10 spots.
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Manufacturing.Net (2023-08-22)
“PLC market growth is driven by new manufacturing requirements, such as for smart connected products, EVs and battery manufacturing," James Prestwood, Industrial and Manufacturing Industry Analyst at ABI Research, said. "New production techniques and a 'digital-first' mindset are also encouraging new automation solutions like software-based PLCs."
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Industrial Equipment News (2023-08-22)
“PLC market growth is driven by new manufacturing requirements, such as for smart connected products, EVs and battery manufacturing," James Prestwood, Industrial and Manufacturing Industry Analyst at ABI Research, said. "New production techniques and a 'digital-first' mindset are also encouraging new automation solutions like software-based PLCs."
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Technology For You (2023-08-22)
The PLC market is the largest industrial automation hardware segment with sales projected to reach US$30 billion by 2033. “PLC market growth is driven by new manufacturing requirements, such as for smart connected products, EVs, and battery manufacturing. New production techniques and a “digital-first” mindset are also encouraging new automation solutions like software-based PLCs,” explains James Prestwood, Industrial and Manufacturing Industry Analyst at ABI Research.
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Manufacturing Business Technology (2023-08-22)
“PLC market growth is driven by new manufacturing requirements, such as for smart connected products, EVs and battery manufacturing," James Prestwood, Industrial and Manufacturing Industry Analyst at ABI Research, said. "New production techniques and a 'digital-first' mindset are also encouraging new automation solutions like software-based PLCs."
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Smart Industry (2023-03-16)
According to ABI Research, the machine-tool market will grow by a compound annual-growth rate of 4.3% from 2022 to 2032 and reach US $245.2 billion in manufacturing value-added.
“This is driven by new product design facilitating the need for new machine tools, old equipment reaching the end of its lifecycle and requiring replacement, and new machine-tool solutions being provided and incentivizing upgrades,” explained James Prestwood, industrial and manufacturing-research analyst at ABI Research.
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Control Engineering Europe (2022-09-27)
“While some manufacturers remain hesitant to move to cloud-based MES software due to security concerns, the ease of deployment and maintenance, alongside cheaper and transparent costing, will continue to encourage manufacturers to adopt this new structure and usage,” said James Prestwood, industrial and manufacturing analyst at ABI Research.
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