Industry 4.0—The Next Industrial Revolution
July 24, 2019 | Transparency Market ResearchEstimated reading time: 1 minute
The manufacturing industry players attribute growth in the global industry 4.0 market. This is due to the increasing focus on efficiency and cost of the production. Industrial 4.0 comprise of an integrated system of automation tool, big data analytics, and robotic control. The entire system helps in the gathering data and further integrate it with the digital services which help in better functioning and improved efficiency.
- The rising adoption of technologies like Internet of Things is projected to propel the global industry 4.0 market in the near future. In addition to this, development in the 3D printing industry is a major factor expected to improve manufacturing and supply of the Industry 4.0 in the coming few years.
- Based on technology, industrial robotics holds maximum potential for the global industrial 4.0 market. This is because of the immense benefit offered by them in improving manufacturing process. Such as reduce chances of human errors, increase the production volume, and reduce overall production cost. The rising demand of industry 4.0 in the automotive sector is a prominent factor driving the market.
- One of the major advantages of Industry 4.0 is it greatly help in analyzing condition of machine. Thus it contributes to avoid unplanned downtime and help reduce wastage in the manufacturing unit. Further, it helps to avoid any mishap at work place. Machine breakdown causes a huge loss to the industrial equipment manufacturers. Industry 4.0 greatly help to overcome delay the production process.
- On the basis of geography, Asia Pacific is expected to hold largest share for Industry 4.0 market. This is mainly because of the initiatives like Made in China 2025, Industrial Value Chain Initiative in Japan and Make in India, taken by the government of China, Japan and India in the respective countries.
Suggested Items
TTM Celebrates the Grand Opening of Its First Manufacturing Facility in Penang
04/25/2024 | TTM Technologies, Inc.TTM Technologies, Inc., a leading global manufacturer of technology solutions including mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and quick-turn and technologically advanced printed circuit boards (PCBs), officially opened its first manufacturing plant in Penang, Malaysia with an investment of USD200 million (approximately RM958 million).
Listen Up! The Intricacies of PCB Drilling Detailed in New Podcast Episode
04/25/2024 | I-Connect007In episode 5 of the podcast series, On the Line With: Designing for Reality, Nolan Johnson and Matt Stevenson continue down the manufacturing process, this time focusing on the post-lamination drilling process for PCBs. Matt and Nolan delve into the intricacies of the PCB drilling process, highlighting the importance of hole quality, drill parameters, and design optimization to ensure smooth manufacturing. The conversation covers topics such as drill bit sizes, aspect ratios, vias, challenges in drilling, and ways to enhance efficiency in the drilling department.
Elevating PCB Design Engineering With IPC Programs
04/24/2024 | Cory Blaylock, IPCIn a monumental stride for the electronics manufacturing industry, IPC has successfully championed the recognition of the PCB Design Engineer as an official occupation by the U.S. Department of Labor (DOL). This pivotal achievement not only underscores the critical role of PCB design engineers within the technology landscape, but also marks the beginning of a transformative journey toward nurturing a robust, skilled workforce ready to propel our industry into the future.
Fujitsu, METRON Collaborate to Drive ESG Success
04/24/2024 | JCN NewswireFujitsu Limited and METRON SAS, a French cleantech company specializing in energy management solutions for industrial decarbonization, today announced a strategic initiative to contribute to the realization of carbon neutrality in the manufacturing industry.
Real Time with... IPC APEX EXPO 2024: Final Finishes and IC Substrate Manufacturing
04/24/2024 | Real Time with...IPC APEX EXPOEditor Marcy LaRont and Richard DePoto, Uyemura's Business Development Manager, engage in a comprehensive discussion about the positive aspects of the show, the benefits of RAIG in final finishes, and the hurdles faced when upgrading your surface finish. Also discussed are the role of Uyemura's MEC pretreatment agents in IC substrate manufacturing and the importance of collaboration and knowledge sharing.
Copyright © 2024 I-Connect007 | IPC Publishing Group Inc. All rights reserved.
Log in