The machine vision industry is projected to see positive growth in the next 3 years, according to analysis conducted by Frost & Sullivan. Market opportunities are driven by increasing demand for automation to boost operations and productivity, particularly in the food and beverage industry. The industry is estimated to reach $14.02 billion in revenue by 2025, up from $10.28 billion in 2020. Annual growth rate is expected to be at 6.4%, with the Asia-Pacific region being the largest and … [Read more...] about Higher demand of machine vision systems to be seen in F&B
Robotics
Shining a light on cybersecurity in F&B
The food and beverage industry is keeping up with the modern times as more companies are adopting new technology solutions across the supply and value chain. However, with things such as cutting-edge software comes a whole range of risks that can seriously impact operations, end products and even a business’ financials. Now, more than ever, is there a need to take a look at cybersecurity as threats of cyberattacks have been growing in the past few years. In May of this year, the world’s … [Read more...] about Shining a light on cybersecurity in F&B
Robotics advancements embraced in F&B
The food and beverage industry is on the road towards digitalisation, with more companies adopting robots and automation solutions across their operations. There certainly has been some shifts from the automotive industry being the primary driver of robotic technologies, to these innovations reaching non-traditional segments like F&B. According to a study conducted by Meticulous Research, food robotics is expected to grow at a CAGR of 11.6% from 2021 to 2028, reaching a valuation of $2.08 … [Read more...] about Robotics advancements embraced in F&B