With the emergence of new digital and smart technologies, the manufacturing industry is experiencing a major modification of processes, leading to what is being called the ‘fourth Industrial Revolution’ or ‘Industry 4.0’.Against this backdrop, the European Union’s research and innovation (R&I) programs have firmly supported the development of smart technologies and solutions that enable the European manufacturing industry to take full advantage of digital opportunities. According to Europe Smart Manufacturing Market Forecast (2022-2027), the European smart manufacturing market is expected to record a CAGR of about 4.17% during the forecast period.
One of the major benefits of integrating smart manufacturing technologies such as IoT and robotics is that robots can work without having any errors or glitches. As a result, it is expected to positively impact market growth over the forecast period. Moreover, these robots help the co-worker by doing repetitive tasks and thus drive for the use of a more skilled workforce to improve the quality of work and productivity. Smart technologies in manufacturing, achieved decreased lead-time, increased production efficiency and production output. This edition of Manufacturing Outlook Europe features “Top 10 Smart Manufacturing Solutions Providers in Europe 2022, ” and brings the spotlight onto some of the key developments in the space and how companies are leveraging smart manufacturing solutions to boost their growth. The magazine highlights companies like TKH Group and its valuable insights on automation solutions for companies to achieve high manufacturing efficiency, lower capital expenditures, and a vital level of competitiveness. Likewise, the edition also showcases Switzerland based company called Slux and its innovative Light Fidelity (LiFi) technology to develop, engineer, and deploy light communication solutions.
The edition features thought leadership articles from Bruce Ainswarth, Paul Loughnan, among others who have imparted their opinions on how smart manufacturing solutions how smart manufacturing solutions can boost production efficiency via automation and digitalization.
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