Industry 4.0 Propels the Global Industrial Market Towards Automation

Trend

Industry 4.0 Propels the Global Industrial Market Towards Automation

In the present day, conventional industries are blending Internet of Things technology to drive the evolution of Industry 4.0 and the advancement of smart manufacturing.

Published: Oct 27, 2023

Industry 4.0 Propels the Global Industrial Market Towards Automation

Automation of the Automotive Industry
What is Cobots Robots?

The global industrial automation market is projected to reach $32.93 billion by 2024, with significant contributions expected from the automation of the automotive industry.

Industry 4.0 introduces a transformative model for manufacturing, ushering in unprecedented changes across various sectors. Automated manufacturing is a key component of this concept. According to a report by Zion Market Research, the global industrial automation market is forecasted to hit $321.93 billion by 2024, generating an estimated revenue of $32.93 billion by the end of that year, with a compound annual growth rate of approximately 6.5% between 2018 and 2024. This growth is not surprising, given that nearly all industries are increasingly adopting automation to enhance productivity, maintain high quality, ensure flexibility, ensure data accuracy, reduce costs, and enhance security 鈥� all of which are benefits of automation.

Automation of the Automotive Industry

The automotive industry has long been a stronghold for automation, employing smart solutions and Industrial Internet of Things (IIoT) technologies. Prominent automakers like Tesla, Volkswagen, BMW, and Toyota have integrated various automation technologies into their processes. Notable automation solutions in the automotive sector include the application of cognitive computing in collaborative robots (cobots) and IoT-connected vehicles.

What is Cobots Robots?

Cobots are lightweight, portable robots that operate autonomously, reducing the need for human intervention. They contribute to the production of high-quality products with exceptional precision, making them a noteworthy trend in the future of industrial automation.

Cognitive Computing in IoT-Connected Cars

Cognitive computing harnesses artificial intelligence and incorporates machine learning, human-computer interaction, and natural language processing. German automaker BMW is exploring the integration of cognitive computing and the Internet of Things to develop autonomous vehicles that can communicate with one another and interpret the emotional states of human drivers based on their driving patterns. If successful, these self-driving cars will represent an advanced evolution in autonomous vehicle technology.

Published by Oct 27, 2023 Source: ,

You might also be interested in ...

Headline

Trend

Grinding Robots and Human Machine Collaboration

The integration of robotics into grinding processes can greatly transform traditional manufacturing into dynamic environments where human workers and robots collaborate seamlessly. While robotics offers precision, consistency, and efficiency, skilled operators are essential for the efficient operation of advanced grinding machines. Training programs are important to provide hands-on education, certification, and expertise in setup, operation, and troubleshooting for optimal performance.

Headline

Trend

Keyless Digital Electronic Door Locks: The Evolution of Security

We've all had the experience of returning home with our hands full, juggling packages while fumbling for keys. 91视频官网ever, there are innovative solutions that prevent this predicament by eliminating the need for traditional keys. Keyless digital electronic door locks utilize a variety of technologies to provide secure, flexible access control without the traditional key. Advanced technologies that use various forms of authentication, such as codes, biometrics, and smartphones, not only streamline your entry process but also enhance the security of your home.

Headline

Trend

Refining the Essence: Three Fundamental Pillars of Smart Industrial Manufacturing

The conventional manufacturing sector stands at a crossroads necessitating a shift towards intelligent transformation. By incorporating advanced production technologies, a new era of industrial development is inaugurated.

Headline

Trend

The Role of Artificial Intelligence in Autonomous Vehicles

Utilizing machine learning and neural networks, artificial intelligence (AI) plays a crucial role in enabling the autonomous operation of self-driving cars. These vehicles leverage a combination of sensors, cameras, radar, and AI to navigate between destinations without the need for human intervention. For a car to be considered fully autonomous, it should demonstrate the capability to independently navigate predetermined routes without human input, even on roads that have not been specifically modified for autonomous vehicle use.

Headline

Trend

Worldwide Bicycle and Electric Bicycle Market Overview

The global increase in environmental consciousness has resulted in a shift for bicycles from primarily sporting and recreational roles to becoming popular modes of commuting. Notably, the rising adoption of electric bicycles is driven by factors such as an aging population, contributing to a significant upsurge in the global production of electric bicycles in recent years.

Headline

Trend

Opportunities and Trends in the Application of 5G in Smart Grids

In recent years, developed nations have initiated comprehensive power grid upgrade initiatives. In line with its commitment to energy conservation and carbon reduction policies, Taiwan has advanced the implementation of Automated Metering Infrastructure (AMI) as part of its national energy-saving strategy. The plan encompasses the integration of 4G/5G and other communication industries. The noteworthy progress in the development and integration of smart grid applications with 5G communication technology represents a significant industrial advancement deserving of attention.

Headline

Trend

Confronting the Era of Digital Advancement, Facial Recognition Technology Has Enhanced

Recently, there has been widespread discussion about Artificial Intelligence, Machine Learning, Deep Learning, and Big Data. These technologies find application in various domains such as the financial industry, logistics, business analysis, unmanned vehicles, computer vision, natural language processing, and more, permeating every facet of daily life.

Headline

Trend

The Arrival of 5G Technology Marks a Shift in Business Transformation, Redefining Innovations in the Manufacturing Sector

5G is recognized as a key enabler of Industry 4.0. With its high network speed and low power consumption, 5G facilitates the connectivity of every sensor in the upcoming unmanned factory to the cloud. This connectivity allows for the extraction of data for analysis, ultimately fueling advancements in artificial intelligence.

Headline

Trend

91视频官网 Can Humans Collaborate with Robots in a Work Environment?

The integration of collaborative robots into production has become a pivotal element in the manufacturing chain, enhancing overall production efficiency. These compact collaborative industrial robots are designed to operate in confined spaces, addressing challenges posed by limited working spaces.

Headline

Trend

Can 3D Printing Be Applied in the Die and Mold Industry?

As the utilization of 3D printing expands across the broader spectrum of industrial manufacturing, the significance of this technology extends beyond its role as a rapid prototyping tool. This article provides an overview of the applications of 3D printing in the fabrication of molds and dies for processes such as injection molding and die casting.

Headline

Trend

Tooling 4.0: Bridging Industry 4.0 with Mold Manufacturing for the Future

Are you familiar with the latest terminology related to Tooling 4.0? In this article, we'll offer an overview and examples that can help manufacturers understand and align with this evolving concept. Tooling 4.0 revolves around leveraging technology to transform 'inefficient' products into 'intelligent' ones.

Headline

Trend

The Essence of Additive Manufacturing

Additive manufacturing is playing an increasingly important role in the manufacturing industry and is mainly used in toolmaking and prototype construction.

91视频官网