Manufacturing industries drive economic growth of a nation and raise its living standards and is expected to continue to do so. Manufacturing process involves production of various goods using labour, machinery and tools. Manufacturing plays an important role in sectors such as industrial, automotive, chemical, defence, electronics, finance and aerospace industries. Manufacturers are designing and building new product types and reinventing existing ones with the help of innovation in information technology, operations and materials.
Rising demand for efficiency and flexibility in production processes along with the integration of operation and information technology has resulted in the emergence of smart manufacturing technologies. Smart manufacturing market is driven by growing adoption of Internet of Things (IoT) in industrial sector, digitization of existing processes and emergence of technologies such as advanced robotics, digital manufacturing, distributed & cyber manufacturing, real-time 3D machine vision, additive or 3D manufacturing and multi-scale processes.
Digital manufacturing helps in laying out product manufacturing processes by integrating tools such as 3D visualization analytics and simulation using computer technology. Digital manufacturing is a part of Product Lifecycle Management (PLM), which provides and supports factory modelling, human factor analysis, process planning, visualization & simulation of operations and collaborating communication. Digital manufacturing has a wide range of applications in industrial sectors such as automotive, defence and aerospace.
The global smart manufacturing market is segmented into Manufacturing Execution System (MES), Programmable Logic Controller (PLC), Enterprise Resource Planning (ERP), machine vision, Supervisory Controller and Data Acquisition (SCADA), Distributed Control System (DCS), and Human Machine Interface (HMI). Easy integration with social platforms makes the enterprise resource planning segment the most popular one.
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