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Manufacturing Technology Insights | Monday, September 28, 2020
Electronics Manufacturing is undergoing a revolution and change as the aftermath of the Fourth Industrial Revolution.
Fremont, CA: The electronics manufacturing industry is witnessing an exciting period of opportunity, change, and disruption guided by the Fourth Industrial Revolution's effects. A new generation of sophisticated smart factory technologies provides the opportunity for electronics manufacturers to design more intelligent operations and ramp up the speed and efficiency with which they carry out business.
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Here are four key industry trends that are predicted to challenge, exhilarate and transform electronics manufacturing
An increasing emphasis on environmental accountability
Electronics manufacturers are aware of the environmental impact and the sustainability of their offerings.
In what's been called the "greening" of the factory floor, more manufacturers are expected to ramp up their commitment to optimizing their facilities and production processes, decreasing the emission of waste and greenhouse gases, and investing in alternative energy sources.
A customer-centric approach
[vendor_logo_first]An increasing number of traditional B2B manufacturing businesses acknowledge the benefits of taking a more customer-centric B2C approach - not just in terms of the end product but across the entire supply chain, from raw materials to final delivery.
By leveraging IoT technology to understand the end-user better, there is also a more significant opportunity for manufacturers to improve future iterations of their products to enhance the customer experience further.
Higher investment in IoT
It will come as no brainer to hear that digitization and the Internet of Things (IoT) are continuing to shift the traditional manufacturing landscape. And as the adoption of cloud computing, smart sensor technology, and connectivity improvements rises, industry experts predict that the global IoT spending could surpass the £800 million mark by as early as 2020.
The deployment of 5G
As manufacturers choose to adopt service-based business models, securing high-speed internet access is becoming essential to their success.
With the adoption of new super-fast "fifth generation" (5G) networks, manufacturers can look forward to download speeds that promise to be 10 to 20 times faster than they are currently.
See also: Top IoT Companies
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