KEY TECHNOLOGY TRENDS TO SHAPE 2022 AND BEYOND
Manufacturing Today|January 2022
SANGEET KUMAR, CO-FOUNDER & CEO, ADDVERB TECHNOLOGIES, WRITES WHAT THE FUTURE BEHOLDS FOR THE MANUFACTURING SECTOR IN TERMS OF TECHNOLOGY AND TRENDS
SANGEET KUMAR

THE MANUFACTURING SECTOR CONTRIBUTES to the growth of the world economy in more than one way. It is one of the vital sectors where productivity and sustainability are driven by new trends and innovations in the market. While most of us are aware that the future trends include process automation, additive manufacturing, Industrial Internet of Things (IoT) and artificial intelligence (AI), there are various other developments such as smart sensors, immersive technology machines that have surfaced after the pandemic. These new trends ensure that the work is carried out seamlessly without the help of human resources, which is crucial in these uncertain times.

During the pandemic, the manufacturing industry faced a lot of challenges such as human resource shortage, skill gap, and supply chain disruptions, among others. Even though COVID-19 pushed the progress of the manufacturing sector to a great extent, the silver lining in the grey clouds was the demand it created for finished products. Thus, the manufacturing industry is now working to adapt and introduce tech innovations so that there is minimum resource wastage and maximum gains through the creation of world-class products. Some of these important trends include:

INDUSTRIAL AUTOMATION

Automation may not be new, but with the introduction of robotic technology, it has become accessible, easy and economical. It has also mitigated and eliminated potential risks and dangers to human lives, thus making the production process safer. Simplifying several techniques such as material handling, assembly, and painting, automation is a crucial technology that will shape the manufacturing sector.

Moreover, labour is scarce due to frequent lockdowns and restrictions imposed due to the pandemic. Thus, automation makes the manufacturing process smoother, efficient and effective. It also maintains quality and consistency. At the same time, it generates a demand for new roles in manufacturing.

According to Industrial Automation Market Size, Share & Growth Report, 2021-2028, the global industrial automation market is projected to rise from USD 191.74 billion in 2021 to USD 355.44 billion in 2028 at a CAGR of 9.2 per cent in the 2021-2028 period.”

INDUSTRIAL INTERNET OF THINGS (IOT)

In recent times, llot, one of the key components of the Industry 4.0 technology cluster, has become more widespread in the industry. The Industrial Internet of Things focuses on providing additional capabilities at a lower cost by leveraging new technologies such as LTE, 5G, WiFi and other wireless connectivity technologies.

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