The global manufacturing industry is chugging along rather nicely. Despite being a mature market, new technologies like automation, 3D printing and advanced self-healing materials are influencing manufacturing processes to advance and evolve. This is especially seen in the automotive, defense and aerospace industries.
In advanced economies, the manufacturing industry has largely concentrated on promoting innovation, productivity and trade more than growth and employment.
This focus on innovation has led companies to explore new opportunities, such as machine learning, internet of things (IoT) technology, augmented reality, virtual reality and others that have transformed their operations and increased efficiencies.
Most recently, manufacturers have adopted emerging technologies and have pursued this digital transformation to compete and gain a foothold in the marketplace.
In our full report, “2018 Manufacturing Research Review,” we explain in depth what’s happening in many markets within the manufacturing industry, including, but not limited to the following:
Exciting innovations within the Internet of Things (IoT) are accelerating the market for the manufacturing of smart robotics to new heights, according to a recent webinar led by our senior editor Michael Sullivan. For example, Industry 4.0 initiatives such as simulation, cloud computing, augmented reality and cybersecurity are all playing a significant role in transforming industrial plants, processes and robots.
Advancements in technology continue to benefit the motor vehicle engine manufacturing industry. New technologies such as advanced combustion methods, integration of drive systems and controlled valve operation systems to optimize fuel economy are also challenging manufacturers to contain costs.