The Wind Turbine Condition Monitoring System market is set to grow by USD 159.5 Million from 2024-2028

The Global Wind Turbine Condition Monitoring System Market  size is estimated to grow by USD 159.5 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  8.2%  during the forecast period. Rsing adoption of scada in wind turbine systems is driving market growth, with a trend towards rising necessity of remote and e-monitoring of wind turbines.

The wind turbine condition monitoring market is witnessing significant growth due to the increasing adoption of remote and e-monitoring systems. These systems enable continuous observation and analysis of turbine performance from a central location, providing a cost-effective solution. The shift towards offshore wind turbines, which are often located in remote areas, necessitates the use of remote condition monitoring systems. Key players in the market, such as General Electric Co., offer digital and remote condition monitoring solutions for onshore wind turbines, ensuring their optimal performance and reducing downtime. For instance, General Electric Co.'s remote monitoring systems keep onshore wind turbines online, servicing major systems. Moreover, e-monitoring systems provide fast internet facilities, increasing monitoring efficiency. In February 2022, Baker Hughes Co.'s remote monitoring system identified a broken tooth in an onshore wind turbine's gearbox, preventing potential breakdowns. These factors will fuel the growth of the global wind turbine condition monitoring system market during the forecast period.

The Wind Turbine Condition Monitoring System market is experiencing significant growth due to the increasing focus on renewable energy and reducing greenhouse gas emissions. Offshore wind farms are a key trend, with the need for intelligent turbines and advanced monitoring systems to optimize power generation and reduce downtime. Key components for monitoring include gearboxes, which can be costly to replace, and vibration sensors for fault detection. Decarbonization and the shift away from fossil fuels are driving private sector investment in this sector. Advanced technologies like 3D printing and automation are being used to improve component manufacturing and reduce maintenance costs. Remote monitoring and autonomous inspection vessels enable real-time data acquisition and analysis, leading to improved productivity and power production. The market can be segmented into component-based and application-based, with vibration monitoring, temperature monitoring, and shaft power measurement being common applications. The reduction of carbon footprint and maintenance cost reduction are major benefits, making wind energy an affordable alternative energy source for meeting electricity demand and addressing climate change concerns. Key trends include shaft torque, RPM, torsional vibration, and shaft signature monitoring, as well as gearbox installation and high-speed output shaft condition monitoring for generator condition assessment.

Avery Dennison Expands RFID Adoption in Grocery Retail Industry

Avery Dennison will begin working with The Kroger Co. to build a better associate and customer experience through RFID inventory automation technology.

This collaboration makes item-level digital identification possible, enabling more frequent and more accurate inventory information to maximize freshness, reduce waste and improve the associate experience.

This strategic collaboration will begin in the bakery department, implementing RFID-embedded labels on each item, providing significant time savings and valuable data to automate inventory management and freshness optimization. It is a foundational step in delivering a more seamless customer and associate experience across all fresh categories long term.

Contactless stores to grow in Europe

While Amazon Go helped pioneer the concept of the totally contactless store, others, like 7-Eleven and Walmart, have entered the territory. And the arena is growing, in part because several startups — such as  Standard Cognition, Zippin, AiFi, Grabango, Trigo — have proliferated, offering their technology to retailers.

But in Europe, Portuguese startup Sensei has been growing its contactless store platform and has now pulled in a €15 million Series A funding round led by BlueCrow Capital. Also participating were new investors Lince Capital, Explorer Investments, and Kamay Ventures (the investment arm of Coca-Cola and Arcor Group), as well as existing investors Metro AG and Techstars Ventures.

In 2021 Lisbon-based Sensei raised a seed round of $6.5 million (€5.4 million). Back then, the funding was led by Seaya Ventures and Iberis Capital, with participation from 200M Fund.

In-counter barcode scanners market size will grow from $2.13 billion in 2023 to $2.30 billion in 2024

According to The Business Research Company's, The in-counter barcode scanners market size has grown strongly in recent years. It will grow from $2.13 billion in 2023 to $2.30 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%.

The growth in the historic period can be attributed to the globalization of supply chains and markets, integration with point-of-sale systems, regulatory compliance, cost reduction, and inventory control.

The in-counter barcode scanners market size is expected to see strong growth in the next few years. It will grow to $3.18 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to automation in retail, advancements in AI and machine learning, growing demand for contactless solutions, increased focus on supply chain resilience, and expansion of omnichannel retail. Major trends in the forecast period include enhanced AI decoding, In-counter barcode scanners offering multi-functionality, incorporation of sustainability features, enhanced data analytics, and customization options.

Growing penetration of e-commerce is expected to propel the growth of the in-counter barcode scanners market going forward. E-commerce refers to the online business model facilitating the exchange of goods and services through the Internet. The growing penetration of e-commerce is driven by convenience, expanding internet access, and shifting consumer preferences towards online shopping. In-counter barcode scanners are used for receiving and restocking goods, picking and packing orders, and shipping, returns, and cycle counts. These scanners help ensure accuracy and efficiency in these processes, allowing businesses to streamline their operations and reduce costs. For instance, in February 2024, according to the United States Census Bureau, a US-based government agency, in 2023, e-commerce sales were projected to reach $1,118.7 billion, marking a 7.6% (±1.2%) increase from 2022, while total retail sales saw a 2.1% (±0.4%) rise over the same period. In 2023, e-commerce sales constituted 15.4% of total sales, compared to 14.7% in 2022. Therefore, the growing penetration of e-commerce is driving the growth of the in-counter barcode scanners market.

TotalEnergies EP Ratawi Hub selects IBS Software to revolutionise personnel logistics and tracking

TotalEnergies has selected IBS Software to transform its personnel logistics and tracking operations in Iraq through its affiliate TotalEnergies Exploration Production Ratawi Hub (TEPRH). This collaboration marks a significant milestone in digitising and automating workforce transport, Personnel on Board (POB) control and accommodation, ensuring enhanced safety and seamless travel experiences for TotalEnergies employees.

This partnership will see TotalEnergies deploy IBS Software's iLogistics Cloud solution, designed to streamline and optimise personnel logistics, material logistics, and safety through its e-mustering solution. IBS Software's platform provides the automation of transport scheduling, check-ins, and tracking of personnel on site. This will not only boost operational efficiency for TotalEnergies Iraq operations but will also contribute to safer and more reliable workforce mobilisation.

To ensure safety, iLogistics will provide TotalEnergies with dynamic risk assessments and safe journey management fuelled by real-time data. What's more, the iLogistics Accommodation Management module will offer the energy company a state-of-the-art platform for managing personnel arrivals, departures, and accommodations at work sites.

This partnership provides TotalEnergies with the iLogistics Check-In App which simplifies the logistics process by providing a tablet-based smart check-in system for logistics dispatchers. At airports, camps, and oilfield locations, travellers will be able to check in seamlessly and touchlessly by scanning iLogistics Go QR codes, RFID, or smart badges. The app also supports offline capability, making it ideal for remote worksite personnel management and oilfield installations where network connectivity may be limited.

Automotive Body Control Module Market to Grow by USD 2.30 Billion from 2024-2028

The Global Automotive Body Control Module Market  size is estimated to grow by USD 2.30 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 4.5% during the forecast period. Multiple scalable automotive BCMS for different vehicle categories is driving market growth, with a trend towards increasing demand for small and reliable automotive BCMS .

The Automotive Body Control Module (BCM) market is witnessing significant growth due to the increasing complexity of vehicle designs. While multiple BCMs are used to manage the electronic content in vehicles, there is a rising demand for compact and reliable BCMs. Manufacturers like Aptiv Plc, Continental AG, Robert Bosch GmbH, Texas Instruments Inc., and DENSO Corp., are meeting this demand by producing small, yet powerful BCMs. These BCMs enable efficient communication between electronic body components using ASIC and SMD technology. The compact size of these modules ensures that they can effectively deliver safety, comfort, and convenience functions in real-time to end-users. This trend towards innovation and the need for small, reliable modules is expected to drive the global automotive BCM market during the forecast period.

The Automotive Body Control Module (BCM) market is experiencing significant growth, driven by the increasing demand for advanced features in vehicles. BCMs control various functions such as lighting, windows, door locks, wipers, switches, sensors, and more in both passenger cars and commercial vehicles. Trends in this market include the integration of AI, energy efficiency, safety features, and smart infrastructure in electric and autonomous vehicles. Personalized in-car experiences, telematics, infotainment systems, keyless entry, and automatic wipers are also gaining popularity. BCMs use various networks like Controller Area Network (CAN), Local Interconnect Network (LIN), and Ethernet to connect various vehicle systems. Vehicle connectivity through Bluetooth, Wi-Fi, NFC, and IoT is also on the rise, enabling features like voice recognition and cloud services. Safety systems, such as electronic control units, lights, power windows, central locking, climate control, horn, and sensors, are essential components of BCMs. Overall, the market for BCMs is expected to grow significantly due to the increasing demand for advanced features in vehicles.

RFID in Pharmaceuticals: Projected Market Value of USD 7.3 Billion by 2032

The RFID in Pharmaceuticals Market reached a valuation of USD 3.8 billion in 2023 and will expand at a CAGR of more than 7.5% from 2024 to 2032. Modern RFID tags now offer enhanced data storage, longer read ranges, and greater durability. These tags can store detailed information about pharmaceutical products, including batch numbers, expiration dates, and manufacturing details, ensuring comprehensive traceability.

Integrating RFID with blockchain technology is gaining traction to secure the pharmaceutical supply chain. Blockchain provides an immutable ledger that records every transaction and movement of RFID-tagged products, ensuring transparency and preventing tampering or fraud. This combination enhances the credibility of tracking information and helps verify the authenticity of pharmaceuticals.

The RFID tags product segment dominated the market, valued at USD 1.7 billion in 2023. RFID tags provide detailed and accurate information about pharmaceutical products throughout the supply chain. Each tag can store a unique identifier and additional data, ensuring that products can be tracked from manufacturing to the point of sale. This traceability is essential for preventing counterfeit drugs and ensuring product authenticity, a critical concern in the pharmaceutical industry.

Kwikset introduces a Matter-enabled smart door lock

Kwikset has announced the upcoming launch of Halo Select, a new smart door lock featuring built-in Wi-Fi and Matter support.

This lock offers seamless smart home integration without the need for a hub. You can control it via the Kwikset app, allowing for remote access, locking/unlocking, and granting entry to guests through unique codes or in-app, with real-time notifications to track activity. Once integrated with your smart home platform, you can also control it from there.

The lock’s Matter over Thread support ensures compatibility with HomeKit, Amazon Alexa, Google Assistant, and more. Additionally, geofence technology allows the lock to automatically unlock when a user approaches the home1.

Designed for do-it-yourself installation, the lock requires only a screwdriver and is powered by AA batteries or a rechargeable lithium-ion pack. An upgraded model, Halo Select+, featuring NFC tap-to-unlock functionality, is set to launch in early 2025.

Energous Wins Mobile Breakthrough Award for IoT Innovation

Energous Corporation d/b/a Energous Wireless Power Solutions, a pioneer in scalable, over-the-air wireless power networks (WPNs), announced the Energous 2W PowerBridge transmitter system has been selected as winner of the “IoT Innovation of the Year” award in the 8th annual Mobile Breakthrough Awards program conducted by Mobile Breakthrough, a leading independent market intelligence organization that recognizes the top companies, technologies and products in the global wireless and mobile market today.

The Energous 2W PowerBridge transmitter system is designed for cutting-edge enterprise IoT applications, providing a WPN that delivers an always-on, over-the-air, automated energy flow that optimizes IoT device performance. The transmitter deploys higher levels of continuous power with more bi-directional data and supply chain visibility.

In addition to providing energy, the Energous 2W PowerBridge transmitter acts as data links for IoT-enabled devices such as sensors and tags, allowing them to efficiently communicate data and insights back to the cloud–without the need for batteries, wires, or cables. With this information, companies can analyze, optimize, and improve every aspect of supply chain operations in real-time.

The system combines two Energous EN3210 high-efficiency power amplifiers with an Energous EN4100 System-on-Chip (SoC) RF transmitter. The proprietary antenna design enables it to transmit higher radiated power—up to 8W Effective Isotropic Radiated Power (EIRP)—with dual polarization, delivering up to 99 percent visibility of all connected devices. It’s this capability that allows the Energous solution to meet the increasing demand for power over distance, which is crucial for applications where asset tracking and monitoring across multiple zones is critical to operations, including cold chain monitoring, fleet management, and temperature and humidity monitoring.

Global RFID printer market anticipated to project robust growth

The global RFID printer market was valued at USD 3.7 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 6.8% through 2029, reaching USD 5.54 billion.

The market has witnessed significant growth in recent years, driven by the escalating need for efficient and automated data capture and management within various industries. This market's growth can be attributed to the increasing demand for streamlined supply chain management, enhanced inventory control, and improved security in retail, healthcare, logistics, and manufacturing sectors.

Furthermore, the growing adoption of RFID technology to comply with regulatory standards and address inventory inaccuracies has stimulated market expansion. Additionally, the rising trend of omnichannel retail and e-commerce further propels the demand for RFID printers, as companies seek to optimize their operations and provide seamless customer experiences. As businesses continue to recognize the value of RFID technology in enhancing operational efficiency and reducing errors, the Global RFID Printer Market is poised for sustained growth in the foreseeable future.

North America has a well-established and technologically advanced retail sector, which has been one of the key drivers for the adoption of RFID technology and RFID printers. The region has witnessed widespread implementation of RFID solutions in industries such as retail, healthcare, logistics, and manufacturing, driven by the need for efficient inventory management, supply chain visibility, and asset tracking. The presence of major retail giants and e-commerce companies in North America has further fueled the demand for RFID printers to meet the growing requirements of these industries. Moreover, North America has a strong focus on research and development activities, leading to continuous advancements in RFID technology and printers.

The region is home to several key players in the RFID printer market, who are constantly innovating and introducing new products with advanced features. This has contributed to the dominance of North America in the global market. Additionally, favorable government initiatives and regulations promoting the adoption of RFID technology in various sectors have further boosted the demand for RFID printers in North America. The region has witnessed increased investments in infrastructure development, which has facilitated the implementation of RFID solutions across industries. With the ongoing advancements in RFID technology, the increasing adoption of RFID solutions, and the presence of key market players, North America is expected to maintain its dominance in the global RFID printer market during the forecast period.

Helcim Now Offers Tap to Pay on iPhone for Merchants to Accept Contactless Payments

Helcim, a provider of payment solutions, now enables its U.S. customers to seamlessly and securely accept in-person contactless payments with Tap to Pay on iPhone. Tap to Pay on iPhone allows merchants to accept all forms of contactless payments, including contactless credit and debit cards, Apple Pay, and other digital wallets, using only an iPhone and the Helcim Point-of-Sale iOS app — no additional hardware or payment terminal is needed.

Using Tap to Pay on an iPhone is easy, secure and private. With Tap to Pay on iPhone, merchants will simply prompt the customer to hold their contactless payment near the merchant's iPhone during the checkout process, and the payment will be securely completed using NFC technology.

Apple's Tap to Pay on iPhone technology uses the built-in features of iPhone to keep the business and customer data private and secure. When a payment is processed, Apple doesn't store card numbers or transaction information on the device or on Apple servers.

Tap to Pay on iPhone enables merchants to accept contactless payments directly on their iPhone without the need for additional hardware. This is particularly beneficial for businesses providing in-home services, trades, and mobile fleets, allowing professionals like plumbers, electricians, or delivery drivers to accept payments on-site with ease. It's also ideal for market vendors and pop-up businesses that need quick, portable, and contactless payment solutions.

Tap to Pay on iPhone enables Helcim customers to use a contactless payment acceptance solution that is easy to set up and use. Merchants can unlock contactless payment acceptance within minutes through the Helcim Point-of-Sale iOS app on an iPhone XS or later, running the latest version of iOS.

Alipay+ Launches on KHQR, Facilitating Cross-border Mobile Payments Into Cambodia

The National Bank of Cambodia and Ant International have officially launched Cross-border QR Code Payments between National Bank of Cambodia’s Bakong payment system and Ant International’s cross-border mobile payment and digitalization solutions, Alipay+.

With this initiative, Alipay+ partner users of 12 international payment apps, including Alipay (Chinese mainland), AlipayHK (Hong Kong SAR), Touch ‘n Go eWallet and MyPB by Public Bank Berhad (Malaysia), GCash (the Philippines), Kakao Pay, Toss Pay (South Korea), OCBC and Changi Pay (Singapore), Hipay (Mongolia), MPay (Macao SAR) and Tinaba (Italy), will be able to seamlessly make payments to more than one million merchants in Cambodia by scanning KHQR codes, with more to be progressively added. This will facilitate the payment for goods and services to businesses in Cambodia with accounts denominated in Cambodian riels.

KHQR, launched by National Bank of Cambodia in July 2022 and operated by Bakong, was created for retail payment in Cambodia and cross-border payment within ASEAN countries. It only requires a single QR for receiving payment through any mobile banking apps of Bakong members including Bakong App, making QR payment simple for both customers and merchants in Cambodia.

In addition to Cambodia, Alipay+ also has partnerships with national standardized QR code payments in Singapore, Malaysia, South Korea, Nepal and Sri Lanka. Today, Alipay+ connects users of more than 30 leading international payment partners to more than 90 million merchants across 66 markets, including top travel destinations such as China, Southeast Asia, Japan, South Korea, Middle East, Europe and more.

Logistics Automation Market Size Worth $85.19 Billion, Globally, by 2030

According to a new comprehensive report from The Insight Partners, the development and adoption of e-commerce in the retail sector are expected to generate remarkable growth opportunities for the industry players. Also, every day, many businesses integrate new technologies—such as AI, big data, and the Industrial Internet of Things (IIoT)—to automate various processes in their warehouses. This tendency is reflected, for instance, in the growing use of automatic guided vehicles (AGVs) and autonomous mobile robots. This equipment maintains nonstop workflows while redeploying operators to higher-value tasks.

Automated solutions are proving to be the best tools for optimizing the efficiency of logistics processes, which indicates that many businesses are installing automated storage and retrieval systems (AS/RS) and automated transportation solutions. The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, the Logistics Automation Market comprises of component, mode of freight transport, application, and end-user industry which are expected to register strength during the coming years.

Overview of Report Findings:

    Market Growth: The Logistics Automation Market Size is expected to reach US$ 85.19 billion by 2030 from US$ 35.21 billion in 2022, at a CAGR of 11.7% during the forecast period.
    Robotics in Warehouses: With the increasing consumer expectations, the market players are focusing on investing in IT and operational functions in warehouses. There is growing development in connectivity technology globally, as tech companies make everything from sortation to arranging pallets in the warehouse internet-ready. They are leveraging the latest supply chain technology and the Internet of Things (IoT).
    Implementation of Autonomous Vehicles and Drones: Autonomous vehicles and drones are important components of automated logistics systems. Google and Tesla, for example, have made substantial advances in driverless vehicle technologies. Autonomous driving has progressed from science fiction to a very feasible possibility in the last two decades, owing to significant advances in radar technology and computer power.
    SMEs implementing Supply Chain Logistics: SMEs rely heavily on strong transport systems for expansion, which makes logistics a vital component of their operations. SMEs can benefit greatly from dependable logistics partners who use proper 3PL technologies. Their storage knowledge, extensive network with 3PL suppliers across the country, and ability to handle deliveries during peak demand cycles make them important for SMEs.
    Geographical Insights: North America dominated the Logistics Automation Market in 2022. Europe is the second-largest contributor to the global Logistics Automation Market, followed by APAC, Middle East and Africa, and South America.

Dryad Networks Raises €6.3M to Lead Breakthrough Innovations in Wildfire Detection and Drone-Based Suppression Technology

Dryad Networks, a pioneer in ultra-early wildfire detection technology, announced a major financial boost to advance its wildfire prevention solutions. The company has been awarded a €3.8 million grant from the European Regional Development Fund (ERDF), via Investitionsbank des Landes Brandenburg (ILB), to accelerate the development of its revolutionary wildfire suppression project, codenamed “Florian.” This significant grant will drive the development of an autonomous drone-based system designed to combat wildfires at their inception.

In addition to the ILB grant, Dryad Networks has secured €2.5 million in funding from First Imagine!, a leading climate-tech investor. This brings the total raised from its April convertible financing round to €8.9 million. The new capital injection positions Dryad to scale its Silvanet wildfire detection platform while driving forward the development of Florian, an innovative solution that combines AI-driven early detection with immediate suppression capabilities.

Building upon the success of the Silvanet system, which uses solar-powered, AI-driven networks to detect the early signs of wildfires, Dryad Networks is now developing Florian to swiftly and effectively suppress these fires. Using an autonomous drone fleet equipped with innovative fire suppression technology, such as acoustic waves, Florian is designed to extinguish wildfires before they have a chance to spread. These drones will be permanently stationed in high-risk forests, ensuring a rapid response to potential threats.

Dryad Networks’ participation as a finalist in the XPRIZE Wildfire Competition with their Florian project underscores the urgent need for innovative solutions to address the escalating threat of wildfires worldwide. As extreme wildfires continue to cause billions of euros in damage and wreak havoc on fragile ecosystems, new technologies are becoming increasingly vital for early detection and suppression.

TaylorMade Golf Reduces Label Files & Increases Labeling Accuracy with TEKLYNX

EKLYNX International, known globally for helping companies barcode better with their labeling software and industry-leading customer support, released a case study highlighting how their label design and print automation solutions, CODESOFT and SENTINEL, helped TaylorMade Golf replace label files with smart label templates and increase labeling accuracy to 99%.

Previously, software limitations and lack of flexibility caused inefficiencies, duplicate labels, and wasted label stock—between 25% and 50% of all label stock used was wasted. Plus, their previous label design solution was limited to linear barcodes and didn't support necessary barcode types—including GS1 and 2D barcodes. Their estimated labeling accuracy was 85%, leaving room for improvement.

TaylorMade wanted greater control and customization of their labeling process. Choosing CODESOFT and SENTINEL allowed them to do just that. TaylorMade currently has five installations of SENTINEL around the world and the ability to print to unlimited printers across their entire enterprise.

Smart Manufacturing Market worth $479.17 billion by 2029

The global Smart Manufacturing Market is projected to reach USD 479.17 billion by 2029 from USD 233.33 billion by 2024; it is expected to grow at a CAGR of 15.5% according to a new report by MarketsandMarkets™.

The smart manufacturing market is driven by several key factors, including the emphasis on boosting manufacturing efficiency through automated production. Strong and continuous investments by the government in 3D printing technologies are helping push the market even further Additionally, the need to maintain regulatory compliance for industrial solutions remains crucial as businesses adopt advanced technologies. There is also a rising demand for innovative solutions to minimize manufacturing downtime and reduce production waste.  For instance, the use of real-time data analytics in factories help companies optimize operations hence efficiency while reducing production waste.

The digital transformation systems segment accounted for the largest share of smart manufacturing market in 2029. Digital transformation systems include Al in manufacturing, industrial cybersecurity, digital twin, and AR & VR in manufacturing. Growth in this segment is due to the growth of innovative technologies such as AI and the necessity to implement faster and more efficient manufacturing abilities. Furthermore, these technologies create immersive training environments that promote workforce knowledge retention and skills development. For instance, AR can layer digital information onto physical equipment like guidance by technicians in real time during repair and maintenance tasks.

Significant growth opportunities are available for vendors of automation solutions in alternative energy sources, such as wind, solar, and hydropower. Moreover, rapid industrialization, infrastructural development, and the integration of advanced technologies by various industries result in increased demand for power and energy. More stabilized electricity production can fulfill high energy demand, which requires higher plant performance and flexibility. This enforces the burden on plant operators to monitor and control the plant more efficiently.  Thus, the adoption of advanced smart manufacturing technologies, such as HMI and PAM, is increasing significantly in the energy & power industry. Energy and power suppliers have already begun their shift toward smart manufacturing platforms owing to the rising inefficiencies of traditional methods. This adoption makes the suppliers more efficient in energy management, leading to cost savings and an eco-friendly landscape.

AI is Redefining the Landscape of the Internet of Things Enabled Industrial Wearables Market

The global internet of things enabled industrial wearables market size is estimated to grow by USD 20563.1 mn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 57.2%  during the forecast period. Rise in digitalization and automation within industries is driving market growth, with a trend towards rising focus on increasing battery life.

In the IoT enabled industrial wearables market, battery life has emerged as a significant challenge. The integration of heavy equipment in wearables reduces battery quality due to the considerable space batteries occupy. This issue is particularly pressing in industries that collect large amounts of data and require extended operating periods. To address this concern, vendors are focusing on low-power consumption technologies like Bluetooth 5.0 and innovative system-level and circuit-level designs to minimize power consumption. Additionally, some vendors are developing battery-free IoT wearables, such as those using flexible, printable batteries. For instance, researchers at the University of Manchester have created textile-based batteries using a simple screen-printing technique. Advancements in power harvesting technologies are also helping to resolve battery limitations in resource-intensive sectors like mining and petroleum. These benefits are driving the adoption of IoT wearables across manufacturing industries, contributing to revenue growth in the global market.

The Industrial Wearables market is witnessing significant growth due to the integration of Internet of Things (IoT) technology. Key trends include battery life and power harvesting for extended usage, network connectivity for real-time data transfer, and high cost due to advanced sensors and technology. Staff shortages drive the need for these solutions, especially in industries like Healthcare, Construction, and Manufacturing, which are embracing Industry 4.0 and Predictive maintenance solutions. Wearables like smart glasses, helmets, and biometric sensors, including RFID tags, are transforming logistics and automation. Technology firms, wearable device manufacturers, and industrial solution providers collaborate to develop wireless communication protocols and cloud computing infrastructure for performance optimization. Biometric feedback devices, body-worn sensors, and smart eyewear are revolutionizing industries, with hand-worn wearables and portable wearables also gaining popularity. The Energy Industry is also adopting these technologies for monitoring and optimization. Cases and frames, connectivity components, touchpads and sensors, cameras, and Bluetooth 5 are essential components of these advanced wearables.

Dutch smart tagging developer Tagologic receives international recognition for innovative approach to digital tagging and data management

The Hague-based company Tagologic has been awarded the Allan Gilligan Award 2024 by AIM Global. The award is significant recognition for the smart tagging company's innovative approach to digital tagging and data management. Tagologic holds patents for a method of uniquely identifying objects, the TTAG.

In a world where sustainability, transparency, and customer engagement are more important than ever, companies are required to offer more than just beautiful products. Tagologic has developed TTAG: a QR code that offers new possibilities for both consumers and suppliers.

Tagologic holds a patent that allows them to uniquely identify objects. It is called TTAG. The idea is based on an internet address. So, if you want to identify a sneaker, it could for example be this: ttag://www.fashionshoe.com/shoe/sneaker/type408/... You can then convert this encoding into a QR code, allowing you to identify each individual pair of shoes. Additionally, it offers transparency about the origin of your products.

As a consumer, thanks to TTAG, you can easily request detailed information about a specific product. This allows consumers to learn more about the story behind the purchased product. For instance, TTAG reveals information about which countries the fabrics come from and who finished the final product. The consumer gets confirmation that the purchase was responsible and feels a closer connection to the brand.

For suppliers, TTAG offers the advantage of being able to trace the sold product back to the customer who purchased it. This makes error detection easier. Tagologic, for example, applied TTAG with a large supplier of industrial hoses. They wanted to better monitor the quality of their products. With the help of TTAG, they were able to trace an error in a specific hose and remove it from the production process instead of destroying an entire batch.

Moreover, TTAG can combat fraud, especially in the fashion industry. With TTAG, it can be traced where the item comes from, making it clear whether the product is genuinely from the respective brand or counterfeit.

In addition to smart tagging applications for business-to-business, Tagologic offers consumers the ability to TTAG their 'collection' by providing it with a unique code. This creates a user-generated and user-curated platform for collectors, for example.

Tide and Adyen Unite to Enhance Small Businesses Payments with Tap to Pay on iPhone

Tide, the UK’s leading business financial platform, has partnered with Adyen, the global financial technology platform of choice for leading businesses, to enable small businesses to accept in-person contactless payments using only an iPhone and the Tide iOS app.

Tide is making Tap to Pay on iPhone available to all new and existing Tide merchants with an iPhone*. Using only their iPhone, members will be able to accept contactless payments from customers - removing the need for terminals. New members joining Tide will soon have Tap to Pay on iPhone automatically enabled in their Tide app, which means they can immediately start accepting payments on their iPhone as soon as they sign up for a Tide business current account.

Tap to Pay on iPhone allows merchants of all sizes to accept all forms of contactless payments, including contactless credit and debit cards, Apple Pay, and other digital wallets, using only an iPhone and the Tide iOS app — no additional hardware or payment terminal needed.

The ability to accept contactless payments anywhere and on-the-go will help new and existing Tide members to provide their customers with a much smoother and secure checkout experience. With Tap to Pay on iPhone at checkout, the merchant will simply prompt the customer to hold their contactless payment near the merchant’s iPhone, and the payment will be securely completed using NFC technology. Tap to Pay on iPhone also supports PIN entry, which includes accessibility options.

Apple’s Tap to Pay on iPhone technology uses the built-in features of iPhone to keep the business and customer data private and secure. When a payment is processed, Apple doesn’t store card numbers or transaction information on the device or on Apple servers.

Tap to Pay on iPhone in the Tide app comes as research by Tide1 shows that 1 in 4 SME owners, employees and side hustlers want to offer greater payment options to their customers, with high data security, ease of use and low transaction fees cited as the top priorities. Today’s launch strengthens Tide's mission to save SMEs time and money, enabling its 650,000 members to run their businesses almost entirely from the Tide app. Tap to Pay on iPhone enhances the platform’s existing banking, finance and admin solutions, which include invoice generation, payment and payroll services and expense cards.

14-year-old named America's Top Young Scientist for inventing an AI handheld pesticide detector

3M and Discovery Education named Sirish Subash, a 9th grader at Gwinnett School of Mathematics, Science, and Technology in Snellville, Georgia, the winner of the 2024 3M Young Scientist Challenge, the nation's premier middle school science competition.

Sirish set himself apart with an AI handheld pesticide detector. As the grand prize winner, he received a $25,000 cash prize and the prestigious title of "America's Top Young Scientist."

Sirish Subash's project, Pestiscand, is a handheld device designed to detect pesticide residues on produce using a non-destructive method. It employs spectrophotometry, which involves measuring how light of various wavelengths is reflected off the surface of fruits and vegetables. A machine learning model then analyzes this data to determine the presence of pesticides. Pestiscand consists of a sensor, a power supply, a display screen, and a processor. During testing, the device achieved an accuracy rate of identifying pesticide residues on spinach and tomatoes of greater than 85%, meeting the project's objectives for effectiveness and speed.

3M Young Scientist Challenge finalists are paired with a 3M scientist who mentors and works with them one-on-one over the summer to transform their idea from concept to prototype. This year's winner was paired with Aditya Banerji, Senior Research Engineer of 3M's Corporate Research Process Laboratory.  

Mastercard Accelerates the Path Toward Real-Time Card Payments

Instant and secure payments can act as a multiplier to help businesses and economies thrive and grow. To further Mastercard’s vision of bringing immediacy to card payments, the company announced that South Africa will be the first market in the world to benefit from the security and speed of immediate Mastercard card payments. Through product innovations, enhancements to its network and strategic partnerships, Mastercard will enable acquiring banks to process real-time card payments.

For the first time, all merchants in South Africa who accept Mastercard payments will receive faster payouts, empowering businesses with better cashflow management and faster funds availability. This, in turn, provides merchants with more visibility and control over their funds, frees up capital and increases the velocity of money in the economy, driving growth and innovation. In the future, Mastercard will enable issuing banks in South Africa – and around the globe – to process real-time card payments, empowering consumers with increased transparency, faster payments, and real-time insights into their funds.

As part of Mastercard’s efforts to bring cutting-edge payments technology to the ecosystem, the company will roll out new standards and solutions, which will accelerate the processing speed for card transactions. The enhancements and new standards will enable same-day payouts for South African merchants through the introduction of real-time clearing and more frequent settlement cycles.

This initiative aligns with the South African Reserve Bank’s (SARB) National Payments System Strategy Vision 2025, which underscores the importance of evolving payment systems to meet the needs of people and businesses to drive financial inclusion. South Africa – where Mastercard laid the groundwork for these changes last year by enhancing its network and enabling transactions to be processed locally – will be Mastercard’s first market to experience real-time card payments.

To bring its vision of real-time card payments to life, Mastercard is partnering with ACI Worldwide, a leading global payments technology provider. Together with ACI, Mastercard will empower acquirers in South Africa to quickly and easily adopt real-time transaction processing standards.

Panasonic Logiscend Demonstrates Cutting-Edge IIoT and Asset Tracking Solutions at IoT Expo

At the recent IoT Expo, Panasonic Industrial Devices Sales Company of America demonstrated its Logiscend system with state-of-the-art tracking technologies, utilizing IIoT devices and RFID for superior material flow and asset tracking. The Logiscend platform can integrate with existing systems and solves specific problems within a customer's existing infrastructure.  The hands-on showcase emphasized the transformative means to gain better insight, enhance inventory management and improve material flow with dynamic scalability.

Panasonic Logiscend Platform material flow solutions: MES system updated with detailed efficiency and productivity metrics; work instructions delivered allowing for varied kitting/picking requirements; RFID tags identify cart locations as they move through the production floor; ePaper displays update dynamically based on workflow logic.

Panasonic Logiscend Platform material flow solutions: MES system updated with detailed efficiency and productivity metrics; work instructions delivered allowing for varied kitting/picking requirements; RFID tags identify cart locations as they move through the production floor; ePaper displays update dynamically based on workflow logic.

Highlighting Success in the Automotive Industry

Building on a successful collaboration with a leading automotive manufacturer based in the southeastern United States, Panasonic's Logiscend demonstrated how the integration of IIoT and tracking technologies can streamline production processes, minimize errors, and enhance overall operational efficiency.

Key Features and Benefits Displayed:

    Enhanced Visibility and Accuracy: Logiscend's IIoT devices offered real-time tracking of materials, ensuring precise location monitoring and reducing instances of misplaced components; the system supports an array of tagging solutions including simple low-cost RFID tags to high end Bluetooth view tags with dynamic displays.

    Improved Production Flow: The seamless integration of Logiscend's technology into existing production lines showcased how automotive manufacturers can effortlessly adopt these advancements to streamline operations.

    Scalable Solutions for the Automotive Industry: The IoT Expo demonstration underscored the system's adaptability and scalability, designed to meet the evolving demands of the automotive sector.

    Integration: Designed with a restful API interface, Logiscend integrates with virtually any existing MES or ERP system.

Samsung teams up with Hyundai, Kia for Connected Cars

Samsung Electronics has partnered with Hyundai Motor and Kia to integrate the SmartThings IoT platform with their software-defined vehicles (SDVs). This collaboration will allow vehicles to be added to the SmartThings ecosystem, enabling drivers to control air conditioners, air purifiers, and other connected devices while on the road.

The integration will focus on incorporating SmartThings software into Hyundai and Kia’s next-generation infotainment systems. One of the initial features will be a global location solution for vehicles and smart keys, based on the SmartThings Find platform. This platform uses a crowdsourced network of Samsung Galaxy devices with Bluetooth Low Energy (BLE) technology to report their location.

With the SmartThings Find service, users can locate their vehicles using nearby Galaxy smartphones, even without a 4G or 5G cellular network connection. This makes it easier for drivers to track down their cars if they are lost or stolen.

Chang Song, President and Head of Hyundai Motor Group Advanced Vehicle Platform (AVP) Division, stated, “Our goal is to enrich Hyundai Motor and Kia customers’ mobility experience by offering personalized services that extend beyond transportation, seamlessly integrating vehicles with smartphones.

Taiwan Library Tracks Magazine Browsing with RFID

Taiwan’s National Library of Public Information wanted to bring visibility into its hundreds of magazines on display, as it digitizes its periodical system.

This summer they enlisted the support of RFID technology company EPC Solutions to digitally track these physical magazines and their readership.

The five-story library has a periodicals section with 53 individual display racks containing a total of 600 different journals. The library has 47,183 volumes that must be tracked including those that are no longer on display.

They came to EPC Solutions to deploy an automated solution that would help identify when each magazine was handled and for how long.

Power Knot LLC Releases Two Tonne Food Digester with a Built-In Bin Tipper and NFC Card Reader

Power Knot LLC has launched the LFC-2000 biodigester, a food digester with a daily capacity up to 6000 kg (13200 lb) with a built-in bin tipper. The LFC-2000 biodigester is the largest model available in the LFC® biodigester family which has nine different models that can process from 10 kg (22 lb) up to 6000 kg (13200 lb) of food waste per day.

This biodigester is the largest industrial grade food digester to feature an NFC-controlled bin tipper. The machine, constructed entirely from stainless steel, includes a touchscreen interface that supports up to 100 NFC cards. These cards enable tracking the type or source of food waste, with the data visualized through comprehensive dashboards and graphs. This capability provides organizations with critical insights for developing strategies to minimize food waste and improve operational efficiency and accountability.

All food waste data is available on the LFC Cloud, Power Knot's advanced data analytics system. The LFC Cloud provides usage statistics, diagnostics, and service schedules, accessible from any device globally. The biodigester securely uploads data, stored for five years, including waste processed and CO2 diverted over various timeframes. Data from multiple machines can be combined into a single report.

Coach and Poshmark leverage NFC for sustainable product resales

Owners of handbags, wallets, clothes, and shoes from Coach’s sustainable Coachtopia brand can now resell these items on Poshmark, with details uploaded automatically thanks to an embedded NFC tag or digital ID.

By tapping the NFC tag with a smartphone or scanning a QR code, customers are directed to a product page detailing materials, design, and care services. From there, they can sign into their Coach account, add the item for resale, and automatically populate the Poshmark listing with product information. Additional services are also accessible via the Coach account.

These digital IDs and product passports facilitate a seamless resale process and record details of the resale and sale price, providing Coach with near real-time resale data from Poshmark. This enhances transparency, builds consumer trust in product provenance, and offers Coachtopia new insights into the product’s entire lifespan.

The launch with Poshmark is the latest development in Coach’s partnership with EON Exchange, which has integrated digital product passports and IDs into all Coachtopia products.

Aqara Smart Lock U300 Extends Intelligence to Doors Throughout the Home

Aqara, a global leader and pioneer in IoT, has extended its smart lock lineup and released its first lever lock, the Smart Lock U300. Designed for both indoor and outdoor use, this new lock offers a smart update to traditional non-deadbolt locks, replacing levers and knobs on single-bore doors. It features Matter-over-Thread capabilities and Apple home key unlocking for seamless interoperability and ease-of-use.

Built upon the latest Thread protocol which is purposely developed for IoT devices, the Smart Lock U300 is natively Matter enabled, ensuring seamless integration with Aqara’s lineup of smart home devices and those from a wide range of third-party brands. Connecting to a Thread Border Router, the U300 can be used with and managed by any Matter-compatible platform (e.g., Alexa, Apple Home, Google Home, Home Assistant, SmartThings) with a corresponding Matter Controller.

The U300 lock is among the first smart lever locks to support Apple home key unlocking, which allows iOS users to simply tap their iPhone or Apple Watch to enter, even when the Apple device is out of power. It also boasts versatile access options like fingerprint recognition, personalized passwords (one-time and recurring), mobile apps, voice assistants, and Aqara NFC cards1. Mechanical keys are provided for emergencies like power outages or electronic malfunctions too.

Users no longer need to worry about forgetting to lock a door. The Smart Lock U300 ensures the door always locks behind you automatically. For added flexibility, the U300 also offers a Passage Mode that enables hassle-free entry and exit, perfect for events like parties, furniture moves, or providing additional access to outsiders in commercial settings. The Passage Mode can be activated and deactivated locally on the lock without using a mobile app.

The Aqara Smart Lock U300's sleek and modern design makes it a stylish addition to any home, enhancing both security and aesthetic appeal. Featuring a compact design with the fingerprint reader ergonomically and elegantly placed, the U300 lock comes in two colors, black and silver2. The outer panel of the lock is rated IPX4, and the lock features a weather-resistant design, withstanding extreme cold and heat (-22 °F ~ 131 °F). Thanks to the power-efficient Thread technology, it offers an impressive battery life of up to 10 months between changes3.

The U300 is the perfect ally for integrating additional security and convenience throughout the home. The latest smart lever lock in Aqara’s product line enhances household security while delivering a convenient, user-friendly experience. The Aqara U300 Smart Lock is now available for purchase at Aqara’s Amazon brand stores in North America (US, Canada), as well as through select Aqara retailers across North America, South America, South East Asia and Oceania shortly after its launch.

Voda IQ Welcomes Armando Piccinini as European Sales Director

Voda IQ announced the appointment of Armando Piccinini as the new European Sales Director, effective October 1, 2024. With an impressive background in aqua conservation and extensive experience in the European market, Mr. Piccinini is set to lead Voda IQ’s expansion efforts across Europe.

Armando Piccinini comes to Voda IQ with over two decades of experience in the aquatic conservation industry, most recently serving as Aqua Conservation Specialist at MSD AH. He has a proven track record of spearheading sales initiatives, managing cross-functional teams, and implementing effective marketing strategies. His expertise in PIT tag technology and his deep understanding of the European aquaculture and wildlife markets make him a perfect fit for this role.

In his new position,  Piccinini will be responsible for developing and implementing strategic sales and marketing plans that align with Voda IQ’s mission to promote sustainable practices and enhance biodiversity through cutting-edge technologies. His role will be crucial in fostering relationships with key stakeholders, enhancing brand visibility, and expanding the company’s footprint in the European market.

Voda IQ specializes in the development and production of RFID technology for fish wildlife research, focusing on sustainable solutions and conservation efforts. Headquartered in Hammett, Idaho, Voda IQ continues to lead the market in high-quality PIT tagging and monitoring systems, contributing to global biodiversity and conservation projects.

BD and ten23 health Partner to Create RFID-Enabled Prefillable Syringes

BD (Becton, Dickinson and Company), a leading global medical technology company, and ten23 health, the human-centric and sustainable strategic CDMO partner of choice for the pharmaceutical industry and biotech start-ups, announce a collaboration to develop a new way to track prefillable syringes (PFS) using

The collaboration aims to pilot an RFID-based solution created by BD to improve manufacturing process efficiency and provide traceability of individual units. This solution will benefit ten23 health and its customers by ensuring a higher traceability throughout both the manufacturing process and the supply chain.

The new traceability solution, branded BD iDFill Individual Prefillable Syringe Identification, involves equipping each PFS with an RFID tag encoded with a unique serial number called the Container Unique Identifier (CUID). This CUID can be scanned at various stages of the manufacturing process, from filling to secondary packaging or any further assembly.

By linking the drug code, filling batch, timestamps, and other relevant data with the CUID, the solution provides full container traceability and enables multiple applications, including automated reconciliation, mix-up prevention, and investigation management. This system also helps to quickly identify and trace individual units during production and beyond.

ASUS IoT Introduces Arm-based Tinker Board 3 Single-Board Computer and Tinker System 3N for Diverse Vertical Applications

ASUS IoT, the global AIoT solution provider, announced Tinker System 3N, an Arm-based fanless embedded computer with versatile applications for industrial use, and Tinker Board 3, a compact single-board computer (SBC) equipped with a quad-core Arm Cortex-A55 with comprehensive software-development kit (SDK) integration for versatile IoT and smart retail applications. Both ASUS IoT Tinker System 3N and Tinker Board 3 have been meticulously designed to cater to diverse vertical applications and industrial demands.

The fanless Tinker System 3N, equipped with a quad-core Arm Cortex-A55 processor (Rockchip RK3568) and an Arm M-based Mali-G52 GPU, is optimized for industrial use. It meets exacting US MIL-STD-810H military-grade standards for shock and vibration resilience, and features a compact 0.79-liter size and an extruded aluminum chassis that ensures reliable operation within a wide temperature range – able to function in conditions ranging from -40 to 60°C.

Tinker System 3N also supports a wide 12V-24V input range and includes over-voltage, over-current, electrostatic discharge and reverse-current protection to prevent damage. Its expandable and customizable I/O interface allows swift adjustments to adapt to diverse requirements and configurations, making it ideal for smart factory operations, human-machine interface (HMI) applications and outdoor kiosk deployments. Tinker System 3N additionally benefits from a built-in neural-processing unit (NPU) designed for seamless AI integration and applications.

Also powered by a 64-bit quad-core Arm Cortex-A55 processor (Rockchip RK3566) and an Arm-based Mali-G52 GPU, ASUS IoT Tinker Board 3 delivers enhanced graphics processing and robust data security. It is designed for seamless integration and features a versatile software suite for quick market deployment, with support for over-the-air (OTA) updates, advanced controls and SDKs to provide a complete solution for smart retail and healthcare applications.

Schreiner MediPharm to Highlight RFID Label Solutions at PACK EXPO 2024

Schreiner MediPharm, a Germany-based global provider of innovative functional label solutions for the healthcare industry, will showcase its new RFID label with digital first-opening indication at Pack Expo 2024, November 3-6 in Chicago.

The new solution – which irreversibly indicates a container’s initial opening, and enables automated integrity tracking – will be among those displayed at the company’s Booth W-16094.  

Digitization and process automation are increasingly sought-after in healthcare settings, as such setups increase product safety and avoid medication errors. Labels with integrated RFID chips can play an important role, since they are used for product marking while simultaneously enabling unique unit-dose digital IDs. This is a decisive prerequisite for complete end-to-end tracking of containers within the supply chain. However, in hectic hospital settings it must also be ensured that the integrity of prefilled syringes or vials has not been compromised prior to medication administration.

Schreiner MediPharm's new RFID label comprises an integrated digital sealing function whose design irreversibly indicates a container’s initial opening, and enables automated integrity tracking. This eliminates the need to manually check whether the container has already been opened. This not only makes work easier for medical staff, but also optimizes inventory management, since unused medication can be efficiently returned to stock. At the same time, possible diversions and medication misuse can be monitored.

Gina Tricot implements SML RFID technology

Nordic retailer, Gina Tricot has implemented RFID technology from SML to transform in-store operations, delivering enhanced data quality and stock management capabilities.

Having previously adopted RFID technology before partnering with SML, Gina Tricot needed to expand and deepen its use of the technology as the retailer’s omnichannel journey evolved.

Partnering in 2023, Gina Tricot implemented SML's Clarity Store technology to improve inventory management and store operations. The partnership has enabled the retailer to undertake weekly stock counts, ensuring the brand’s data-driven allocation system to reach its full potential.

With access to current and accurate data, which is crucial for optimizing inventory management and enhancing customer experiences, Gina Tricot has streamlined several operational processes and increased market competitiveness.

As part of the partnership, Gina Tricot deployed SML’s Clarity software and Zebra hardware in its stores. The collaboration has also enabled Gina Tricot to perform weekly stock counts and improve stock accuracy by providing real-time visibility into inventory levels.

NFC Forum Announces Winners for 2024 NFC Forum Innovation Awards

NFC Forum, the leading standard body for Near Field Communication (NFC) technology, has announced the winners for the 2024 edition of its Innovation Awards. More than 60 entries to the Innovation Awards were submitted from around the globe, with the top ten finalists determined by a panel of experts. The top five winners were announced following the culmination of the first ever Innovation Awards Open Public Vote in a ceremony held at the NFC Forum European Member Meeting in Nice, France

ProQure, a technology provider of IoT cloud management for physical objects, was announced as a winner for its NFC IC PQ201-S. This type two tag has been designed specifically for the intelligent packaging market, featuring a PUF security feature, leveraging proprietary chip design and cloud-based authentication. Its novelty security features mitigate the risk of replay attacks and data sniffing, helping to address rising vulnerabilities around brand protection.

BP Digital was a winner with NOUMI – an innovative plug-and-play solution that allows retail customers to collect digital copies of their receipts via a simple tap of an NFC enabled mobile device. Positioned between the EPOS and the thermal printer, NOUMI intercepts the print data and decodes it, enabling customers to tap their phone on the NOUMI Device to collect digital receipts onto the NOUMI App.

Erisco was successful with its battery-less smart padlock. The device utilizes the power harvesting capabilities to authenticate the user, then trigger the mechanism that locks and unlocks the padlock. Erisco’s high efficiency coil optimizes energy harvesting over a variety of phones, allowing for quick energy transfer and reasonable data transfer rates on a variety of devices.

Blu Oberon’s bluon.me Semiperdo Smart Wristband for children was recognized as offering outstanding safety and convenience with its built-in NFC tag. The wristband seamlessly communicates with smartphones through the embedded NFC tag in the elastic fabric. By simply tapping the wristband, a web page opens that instantly sends the child's location to the parents, using the phone of the person who finds them.

The final winner was App Creator by IoTize; a low-code environment for designing apps with minimal expertise and effort. App Creator offers a drag-and-drop editor for rapid UI design using libraries of graphical interface components. Then, in its data flow editor, designers build their app logic by simply linking nodes from NFC, math, logic, and other function libraries.

Water Meter Market to Grow by USD 3.48 Billion from 2024-2028

The Global Smart Water Meter Market size is estimated to grow by USD 3.48 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 11.07%  during the forecast period. Increasing support from government for smart water meter installations is driving market growth, with a trend towards rapid urbanization growth.

The global smart water meter market is experiencing significant growth due to urbanization and the resulting increase in water demand. Cities are expanding rapidly, putting pressure on existing water infrastructure and resources. Smart water meters provide a solution by offering real-time consumption data, enabling utilities to optimize distribution, identify leaks, and implement demand-based pricing. In fast-growing urban centers, particularly in developing countries, these meters are essential tools for managing limited water resources and planning for future needs. New residential and commercial developments present opportunities to integrate smart water metering systems from the ground up, further driving market growth. The sustainability benefits of smart meters make them attractive to city planners and utilities facing urbanization and population expansion challenges. These factors will fuel the growth of the smart water meter market during the forecast period.

The Smart Water Meter market is experiencing significant growth due to increasing trends in real-time monitoring, flexible billing, and data alerts. Water distributors in commercial, residential, and industrial areas are adopting these advanced metering technologies to reduce non-revenue water, detect leaks, and improve water supply management. Urbanization and water shortages have heightened the need for water management technologies, including ultrasonic and electromagnetic meters, advanced metering infrastructure, and data analytics. IoT and wireless connectivity enable automatic meter reading, remote tracking, and two-way communication. Utilities can use data collection, cellular connectivity, and AI to identify usage patterns, anomalies, and water wastage for accurate billing and resource management. Climate change and water scarcity have further emphasized the importance of water conservation and sustainable infrastructure. Hardware components like pressure sensors and wireless connectivity ensure continuous monitoring and efficient water usage.