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- The future of smart manufacturing, driven by the fourth industrial revolution (Industry 4.0), is characterized by the following trends123:
- Increased prevalence of smart factories and smart warehouses.
- Products becoming "smart" through added sensors and connectivity.
- Technologies like 5G, edge computing, blockchain, and digital twins will play a key role.
- Smart factory solutions will be primary drivers of competitiveness.
- The industrial metaverse could lead to a 12% gain in labor productivity.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.At the heart of the fourth industrial revolution (4IR), also known as Industry 4.0, smart manufacturing is transforming modern manufacturing operations. The smart manufacturing market, predicted to grow from $223.6 billion to an impressive $985.5 billion by 2032, has led to an increased prevalence of smart factories and smart warehouses alike.www.cyngn.com/blog/smart-manufacturing-the-futu…As the technologies mature and adoption grows, smart manufacturing will evolve rapidly over the next decade. Some key trends that will shape the future factory include: Emerging Trends and Technologies We will see greater use of technologies like 5G, edge computing, blockchain, and digital twins.blog.lio.io/smart-manufacturing/A recent Deloitte study indicated that a striking 86% of surveyed manufacturing executives believe that smart factory solutions will be the primary drivers of competitiveness in the next five years. 6 According to another recent survey, manufacturers anticipate that the industrial metaverse could lead to a 12% gain in labor productivity, which might help address the ongoing labor shortages.www2.deloitte.com/us/en/insights/industry/manufac… - People also ask
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