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keyword:P.K Tseng2 result(s)

Press Releases
Global Smart Manufacturing Revenue for 2021 Expected to Reach US305 Billion Thanks to Increased Digital Transformation and WFH Demand, Says TrendForce


Emerging Technologies

The global smart manufacturing market is expected to welcome a golden period of growth across five years, starting with an annual revenue of US305 billion in 2021 and surpassing US450 billion in annual revenue in 2025 at a 105% CAGR, according to TrendForce’s latest investigations This growth can be attributed to several factors, including the accelerating digital transformation efforts from enterprises, the increased demand from industrial automation and WFH applications, and the emergence of 5G, advanced AI technologies, and other value-added services Looking ahead to 2022, TrendForce believes that the outlook of smart manufacturing has evolved from such conservative strategies as improving the resilience of the manufacturing industry itself, to increasing the industry’s production capacity as well as efficiency while reducing both energy expenditure and carbon emissions These advantages are expected to serve as the main drivers propelling the growth of the smart manufacturing market next year Smart manufacturing development will revolve around 5G, edge computing, and carbon footprint reduction going forward The core feature of smart manufacturing lies in its ability to deliver instant feedback through the integration of virtual data and real, physical equipment Hence, low latency, high security, and fast computing power have become increasingly important for smart manufacturing development, which will revolve around edge computing and 5G applications, including AR/VR, machine vision, digital twins, and predictive maintenance, all of which will experience considerable upgrades in functionality thanks to smart manufacturing Furthermore, as the issue of global warming gains more and more media coverage, 137 countries have now committed to achieving carbon neutrality This pursuit of environmentally friendly outcomes is also reflected in the current state of industry 40 development For instance, companies including Henkel, Johnson & Johnson, Siemens, and Tata Steel all operate manufacturing facilities that qualify them for membership in WEF’s Global Lighthouse Network The aforementioned companies have ensured their facilities operate with optimized energy consumption, highly effective manufacturing processes, and reduced carbon emissions through the adoption of computer simulation/modeling and smart management TrendForce expects the future design of smart manufacturing equipment and factories to center on the use of environmentally friendly IoT technologies Taiwanese manufacturers are likely to seize shares in the niche market in light of the rise of domestic micro-factories It should be pointed out that the Taiwanese manufacturing industry possesses certain competitive advantages in the global market, including a highly consolidated supply chain, a relatively comprehensive smart manufacturing value chain, and the ability to deliver highly customized solutions In particular, various Taiwanese manufacturers specialize in full-service, integrated smart solutions that feature equipment health monitoring and machine vision functionalities, thereby significantly lowering the barrier for adoption Assuming that the domestic industry is able to continue leveraging their existing competitive advantages and furthering their current developments, TrendForce expects micro-factories to become the key factor through which Taiwanese companies can find commercial success in the global smart manufacturing industry Although the smart manufacturing value chain has historically had its various verticals spread throughout the world, recent trends such as a return of domestic manufacturing and tectonic shifts in the manufacturing industry have resulted in the rise of shortened supply chains as well as localized operations These developments have led to the recent surge of micro-factories TrendForce’s investigations indicate that, in addition to their high degree of automation and analytical accuracy, micro-factories deliver improved manufacturing outcomes while minimizing resource consumption and yielding such benefits as a flexible supply chain, lean human resources, and low initial cost Micro-factories have already seen widespread usage in the global automotive and electronics industries in light of these benefits Likewise, TrendForce believes that Taiwanese manufacturers of bicycle chains, steel nuts/bolts/screws, and suitcases will likely succeed in their respective niche markets by upgrade their manufacturing operation with micro-factories For additional insights from TrendForce analysts on the latest tech industry news, trends, and forecasts, please visit our blog at https://insidertrendforcecom/

Press Releases
Smart Manufacturing Becomes Key to Enterprise Survival in Post-Pandemic Era with Forecasted Revenue of US$400 Billion in 2024, Says TrendForce


Emerging Technologies

Integrating smart manufacturing remains the key to enterprise survival in the face of the COVID-19 pandemic, according to TrendForce’s latest investigations In addition to furthering the technical development of AR, teleoperation, and computer vision, smart manufacturing brings about other palpable benefits such as reducing human labor, and thus facilitating social distancing, through the adoption of unmanned transport machines, such as AGV (automated guided vehicles) and AMR (autonomous mobile robots) The global smart manufacturing market is expected to reach total revenue of US$400 Billion in 2024, with a 101% CAGR during the 2020-2024 period, as advancements in remote and contactless technologies contribute to the bulk of this growth TrendForce analyst P K Tseng states that various companies have now embraced Industry 40 due to the lower manufacturing costs and increased productivity it brings Given its improved ROI and mature technology, Industry 40 achieves these benefits for manufacturers in 2020 by presenting IoT- and big data-integrated solutions through cobots and digital twins via cyber-physical integration Global manufacturing giants’ mature development of Industry 40 includes anti-pandemic measures in smart factories and related applications First introduced in Germany in 2011, Industry 40 has seen widespread adoption by various major companies, leading to the gradual maturation of related technologies According to studies by Ericsson, the deployment of Industry 40-based mobile network solutions saves Ericsson an average of about 85% in operating costs per year over a five-year-span These solutions have been applied by the company in a diverse range of use cases, including asset tracking, AR applications, status monitoring, mobile robots, and connected equipment Case in point, Ericsson conducts remote troubleshooting and work-related distance learning at its 5G equipment fabs with AR-based solutions On the other hand, power management company Eaton is incorporating Industry 40 solutions in its fight against the pandemic Eaton ensures the safety of its employees by empowering them to conduct vital work functions remotely through the use of Microsoft HoloLens 2 AR glasses, which display a 3D image of the physical factory space in real-time without requiring the physical presence of employees Also using Industry 40 solutions for worker safety is Japanese manufacturer Hitachi, which monitors its factory employees with thermographic cameras and keeps track of PPE usage via video surveillance As enterprises undertake digital transformation initiatives in response to the post-pandemic era, the integration of cloud services accelerates Taiwan’s smart manufacturing transition The current trend of smart manufacturing in Taiwan indicates that SMEs account for approximately 97% of Taiwan’s manufacturing industry However, in undertaking digital transformation efforts, these enterprises frequently encounter bottlenecks such as low ROI and a glaring lack of human resources specializing in information technology As such, smart manufacturing initiatives are generally executed as a joint public-private effort For the public’s part, the Taiwanese government is targeting three areas as potential smart manufacturing selling points: the global political economy, industrial trends, and stimulus policies in the post-pandemic era For instance, the Intelligent Cloud Platform for Machinery Industry that is currently underway is targeted at expediting the progress of smart manufacturing in Taiwan by delivering added value to SME offerings and thereby raising the industry’s global competitiveness The recovery of the manufacturing industry in 2021 is dependent on the presence of a more stable and flexible supply chain In addition to the existing use cases of teleoperation and contactless equipment, companies need to incorporate more Industry 40-based technologies, such as IoT sensors and equipment, used to create a virtual copy of the workplace, or blockchain and 3D printing, which can provide additional operational flexibilities In the post-pandemic era, smart manufacturing is expected to see more use cases and commercial opportunities, strengthening the survivability and profitability of manufacturers in the face of potential future threats

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