We can’t talk about the future of manufacturing without mentioning the novel coronavirus that has been disrupting all spheres of our lives. In fact, innovations in this field have almost halved costs, while delivering twice the performance. Manufacturing Trends, 2020 and Beyond. By clicking the “Accept” button, you agree to our Privacy Policy and use of cookies. For that reason, a growing number of manufacturing professionals incorporate cyber protective measures such as using biometric verification identifiers to mitigate risks, training employees on cyber risks, securing their OT and IT networks and defining security policies. Though the Internet of Things (IoT) is becoming a more common, widespread technology in the manufacturing industry, it remains at the top of trends lists year after year for its adaptability and innovation — and this year is no exception. Research from MPI Group found nearly 70% of … Not only is COVID-19 serving as a wake-up call to nations and their protocols for global crises, but it’s also a major eye opener for manufacturing companies still reluctant to jump into Industry 4.0. Industry 4.0; Five Trends For The Future Of Manufacturing. For these reasons, onshoring has become especially trendy for the manufacturing of automotive parts and complex manufacturing productions. In 2019, 44% of respondents told ASSEMBLY Magazine they would spend more on assembly technology in 2020 than they did in 2019. ¨Manufacturing,” Mordor Intelligence noted, ¨is one of the most targeted industries by cyber attackers, owing to the presence of vital data related to company and government.¨. Every day, manufacturing trends continue to change and evolve, especially in the face of a global difficult-to-control crisis. In response, both Massive Open Online Courses (MOOC), as well as ¨regular” institutions add classes on these topics. May 26, 2020. In its own way, each trend is set to affect the manufacturing industry - both this year and beyond. Here are two ways that advanced manufacturing is making that possible! We’ve spent the better part of 2019 collaborating and working with local industry leaders on changing the economic narrative. The challenge, though, with prognosticating about manufacturing for the coming year is to differentiate between common trends and truly new forces that will affect how manufacturers function and make money. Sustainability is manufacturing’s greatest inflection point of 2020. You’ll surely see a lot of them around this time of year. Industry 4.0 gains footholds Industry 4.0 remains a popular topic when discussing the current and future state of manufacturing, and it will continue to make inroads in 2020. Social distancing has been causing many to work from home. FREMONT, CA: Both the pressing and long-term future of the manufacturing industry will be defined by the expansion of several ever-changing and cutting-edge trends and technologies. Industry 4.0 trends that will define Manufacturing Industry in 2020 With the launching of the Make in India program, the manufacturing industry has become one of the high growth sectors in India and aims to be the Global Manufacturing Hub. Facebook. As we now embark on our journey into the next decade, we would like to identify some trends relevant for Original Equipment Manufacturers (OEMs). Over the next five years, the Big Data market in the manufacturing industry is expected to reach USD 4.55 billion from 905 million in 2019 - that´s a CAGR of just over 30%, Mordor Intelligence also noted. James Daniels is a freelance writer, business enthusiast, a bit of a tech buff, and an overall geek. 8 manufacturing industry trends to watch for in 2020. However, while the progress might be slow, it’s only going to go in one direction, and that’s towards the ubiquitous use of these technologies. Manufacturing & Technology, an IndustryWeek Event; Exposing the Top Ten Manufacturing Tech Trends of the 2020s. These technologies aren’t just limited to one area of your business; they can improve your performance in every area. Digital Transformation Trends in Manufacturing for 2020 The most attractive thing about digital transformation is that it moves rapidly—and slowly—all simultaneously. As technologies such as 5G continue to make everything more interconnected, the business to customer relationship is closer than ever. There’s plenty of uncertainty in the world of manufacturing at the moment, with things like the US-China trade dispute hanging over the industry, so it’s crucial to be able to gain your competitive advantage in the areas you can control. Now.¨. Here are 5 trends to look out for in manufacturing for 2020. You have the ability to learn so much about your customers in 2020, but you’ve got to embrace that ability and use it to improve the customer experience. The data infographic on manufactured housing industry trends provides a quick, graphic overview of the state of the industry. At the same time, the energy savings and cost reductions of 5G will make IoT devices more widely used. While its initial pace may be slow, 5G is after all expensive. Automation in the manufacturing world is not entirely new, but widespread adoption of the practice is. Six significant innovations that will lead the manufacturing industry by 2020 1. But what about the many that fall within the essential sectors unable to perform their work remotely or even within the manufacturing sector where it’s impossible to build products from home? 5G Technology 5G is a popular topic in the manufacturing industry, and expect to hear a lot about it in 2020. While the increase in expenditure is barely significant - on average only a five percent increase - the report indicates a definite pattern of positive growth over the last 10 years (variously peaking over 40 percent). How painful or pleasurable that is depends on what you decide to invest time and energy on today. Applications include helping manufacturing sectors identify opportunities, optimize logistics and supply chains, streamline their operations and secure their digitized data. 1. But the magnitude of this unprecedented crisis has yet to be fully realized or manifested. In either case, domestic production seems to be the trend at least through 2020 - and probably just beyond. New technologies have made automation more accessible to more manufacturers and are changing the way companies operate. Also, a study by Business … All the while, customers want less waste and lower cost. “What are the main challenges in manufacturing in your country for 2020?” KAI TUORILA: Industry 4.0 is underpinned by five emerging technologies being used across the manufacturing value chain. 2020 Manufacturing Industry Trends. The global IoRT market is expected to reach $21.44 billion by 2022, growing at a CAGR of 29.7 percent, according to Beroe Inc, a procurement intelligence firm. Technologies like Blockchain, AI, VR, ML and Big Data trend upstream not only in the marketplaces but also in learning environments where they are taught in colleges, over the internet and in companies as training programs for employees. A look at the trends that are likely to happen in the manufacturing sector in 2020. The Industrial Internet of Things (IoT) is revolutionizing production. Innovation Map: Top 10 Industry 4.0 Trends Covering more than 1.116.000 startups & emerging companies, we use our proprietary StartUs Insights Platform to identify innovative applications and solutions that will impact the manufacturing sector in 2020 and … Submit a brief synopsis on the background of your company, your successes and your plans for long-term growth for review by our Editorial team who will contact you to discuss the project further. Dec 03, 2019. In 2020, you need to be able to leverage the data you receive from your customers to create more value for them. In order to keep ahead of the competition, it’s essential to recognize what the big trends for the years ahead might be, and how you can use them to your advantage. Technology has allowed for a much more collaborative relationship between companies and customers, but you have to be able to use this technology effectively. For its part, Allied Market Research pegs the figure closer to $70.72 billion by 2023, with a CAGR of 9.4% from 2017 to 2023. Mixed model assembly expands with more changeovers & … For the most part, we still have to wait and see how everything plays out. Registered Office Positive Publications LLC dba Industry Today 105 Eisenhower Pkwy, Roseland, NJ 07068 USA. With that in mind, let’s look at 5 manufacturing trends to watch in 2020: Wearable Technology. This is where workers connect to each other and to their physical and virtual environments through smart wearables, such as smart glasses, wristbands, tablets, and sensor-equipped personal protective equipment. Do you have a story to tell? According to WHO, the population aged over 60, will expand … sensors for autonomous cars and devices). In the short term, this is an incredible solution to a much-needed shortage, but what does this mean for the future? This global pandemic is causing businesses to adapt quickly to fill demand and do their part to help. In addition to prompting manufacturers to invest $267 billion in the IoT by 2020, Industry 4.0 is revolutionizing manufacturing along … More than just a marketing buzzword, Industry 4.0 - that's the fourth Industrial Revolution distinguished by its automation - has effectively disrupted the manufacturing industry with exciting innovations like robotics, virtual reality, IoT, blockchain, machine learning, artificial intelligence, augmented reality, and so forth. The use of this technology helps companies make faster and cheaper prototypes. Out of these, 5G and IoT innovations are set to expand the most, with China, Japan, and South Korea dominating the industry. 14 Manufacturing Trends in 2020 1. The more complexities your company faces, the greater the opportunity to use these technologies to get that competitive edge you need to succeed. Manufacturers are already making long-term investments to retool production lines, and its evident this is going to continue through 2020. Google+. And by adopting the right infrastructure and continuing to evolve and embrace change, OEMs across the manufacturing space can achieve new groundbreaking results. While mixed-model assembly mostly focuses on technology, manufacturing operators may shift their focus to human factors and sustainable issues in the near future, says Engineering Computations. Most experts see 5G as the catalyst for tremendous growth in productivity, safety and flexibility, crossing all manufacturing sectors and impacting all functions. Strong Growth in Motion Control In spite of a small decline in 2019, the market for motion control products will outpace the growth of global manufacturing production from 2020 onwards. Thanks to the digitization of manufacturing, a growing number of small to mid-size and large companies turn to cyber security experts for guidance on how to secure their online data. Operating a big business in such an uncertain climate, it’s essential to be able to react quickly to change and minimize disruptions. Want to promote your company? So, let’s check out some Industrial IoT trends to look out for in 2020. But it’s also serving as an eye-opener for most companies still lagging behind when it comes to processes and methods still stuck in the 20th century. You can disable cookies through your browser's privacy settings. 2020 Challenges and Trends in Pharmaceutical Industry. While certain manufacturing vertices may miss offshoring for qualities that include cheap labor, offshoring provides benefits that include reduced shipping and general costs, localized control and supervision (which also helps companies comply with regulatory demands and quality control requirements), and better communication with workforce and supply chain management, among other factors. Babson college, in collaboration with Toyota, structured a FutureLab to help students test virtual reality, artificial intelligence and other innovations. This time, we’re fighting a common enemy that has no face. Our digital media platform offers many opportunities for promotion through independent advertising in the digital magazine, banners, sponsored articles, sponsored content in our Resource Center and independently authored content. Predictions for the coming year are a staple of the blogging-industrial complex. 3D Printing is a much talked about digital transformation technology in the manufacturing industry. 5G will allow manufacturers to improve latency and enable real-time communication on a scale not seen before. — 2020 Industry Trends in Manufactured Housing infographic by Merit Kathan. The more technologies like AI, machine learning, and advanced analytics become commonplace in manufacturing, the more opportunities there are to predict things like demand and instantly make changes to match that demand. Purchases mostly go for robots, ID and additive manufacturing technology, as well as for motion control technology, with the aerospace, automotive, electronics and fabricated metal products industries ranking as top buyers. Although things have slowed down a bit, there are some industry-specific predictions that are still grabbing headlines. The Mordor Report predicts that North America will dominate the Big Data market as the manufacturing industry segues into Industry 4.0 and adopts innovations like sensors, RFIDs, barcode readers, and robots. Looking ahead to 2021, the recovery may take longer to reach pre-pandemic levels, as Deloitte projections based on the Oxford Economic Model (OEM) anticipate a decline in annual manufacturing GDP growth levels for 2020-2021, with a forecast of -3.7% for 2020 and -5.4% for 2021. Indeed, the Engineering Employers' Federation (EEF) found almost half of manufacturers (45%) said they experienced a cybersecurity incident. They also noted that this "marks the third straight year that the 'we'll spend more' percentage has been above 40 percent and the 10th straight year that it's been over 30 percent.". China continues to dominate the market, with robots penetrating more diverse industries across the world. Workers are taught how to be competent in several tasks for each model. Whether it’s on the factory floor, in your supply chain, or in your customer relations, there are numerous ways machine learning, AI and advanced analytics can improve your business practices. Auto Creates New Customer Journeys in the Digital World, Remote Operations Capacity Critical For Manufacturing, Adjusting Inventory Strategy Based on COVID-19 Lessons, Stericycle’s 2020 Workplace Safety Survey, Creating an Effective Disinfection Program, Digital Signatures Boom in Email, Docs and Code Signing, MC Machinery Launches Minds on Manufacturing Podcast, Neurala Launches Industry-First AI Explainability Tech, TRUX Continues Growth, Adds Four New Strategic Hires, Unauthorized Access Concerns Impacting Organizations, 5G to be rolled out on a much larger scale. The next decade will be wrought with technological change across the manufacturing industry. Mixed-model assembly, where workers blend diverse models of the same product with similar processes and materials on the same production line, succeeds with its flexibility, shorter lead-times, and cost-cutting benefits. Autonomous Vehicles (AV) Autonomous vehicles or self-driving vehicles aim to minimize the need for human drivers and look poised to transform everyday transportation. The best part about this is that unlike 100 years ago during wartime efforts, we’re not all fighting each other as nations. Yes, the process of assembling and packaging end products near to their final destination brings many complexities, but technology is helping to minimize those complexities and maximize the benefits. For example, someone with access to the controls of a chemical, petrochemical or refinery industry could nudge their equipment into a 3,000-degree bomb. These are just examples. Using small-scale, distributed manufacturing allows companies to save on freight costs, reduce lead-times, and increase responsiveness. The trend has become significant to the point that Gartner introduced it into his 2019 Hype Cycle for Manufacturing Operations Strategy and noted how smart technology helps workers increase productivity, quality and safety. 12 mins READ The pharmaceutical manufacturing industry is the one that is growing day by day due to the ever-increasing demand in its services. Manufacturing is one of the biggest, most important industries in the world. However, while the progress might be slow, it’s only going to go in one direction, and that’s towards the ubiquitous use of these technologies. Recent reports identify 2020 as the year that the robotics industry is set to grow exponentially. For manufacturers, hackers who invade their systems could pose particularly dangerous. It’s a cost … Manufacturing Trends 2020: What the Future Holds for the Industry. Anna Balyuk . As a result, the competition is huge, and developments happen at a fast pace. Indeed, 5G underlies each one of the top manufacturing trends for 2020, prompting TechWire Asia to declare: ¨It’s something manufacturers should give serious thought to. Manufacturing is such a massive industry that it can take time for changes to be implemented across the board, and the increased use of AI and machine learning will be no different. We take a look at the state of manufacturing technology and what is in store for us in the road ahead. WhatsApp. Peter Fretty. Internet of things (IoT) The arrival of the Internet of Things is revolutionizing all sectors. The rise of the Internet of Things (IoT) in industrial applications has given way to the increased prevalence of wearable technology in the manufacturing industry. He is also an avid reader, who can while away hours reading and knowing about the latest gadgets and tech, whilst offering views and opinions on these topics. Associated with the Connected Workforce is the uptick in wearable technology - introduced in the early 2000s - that makes it one of the fastest growing sectors on the horizon. Machine Learning and AI. Amesite AI company partnered with Wayne State University to teach students artificial intelligence and blockchain. Here, we’d be looking at the most important trends that will lead the manufacturing industry in the coming years. As noted by Industry Week, Robotics Industries Association has noticed that its collaborative robots - robots that work side-by-side with humans, show the biggest uptick, followed by IoT (i.e. The more technology allows those individual factories to be interconnected, the easier implementing distributed manufacturing becomes. Recent predictions have identified 2020 as the year technology gains critical mass. A recent LNS report also found that 46% of industrial companies already use intelligent wearable technologies, while another 21% planned to by the end of 2020. Twitter. Bookmark the MHInsider homepage and check back regularly for manufactured housing news! We’re still learning as we go along, but it’s interesting to see big-name companies adapting their production to help the population. Manufacturers of all types and sizes are increasingly looking into – and investing in – wearable devices with different sensors that can be used by their … Take a look at our Outlook 2020: Emerging Trends in Electronics. Major car companies such as Ford and GM are switching production to make ventilators, while distilleries like Labatt are now making hand sanitizer. Customers expect to be closely involved in the manufacturing process and to have ever more customization options. In these changing times, the industry has called for products made at an even better, faster pace. The road ahead operating a big business in such an uncertain climate, it’s essential to be the trend least. This expansion will trigger around 2.72 million jobs in the manufacturing industry trends for the industry. Are 5 trends to watch for in manufacturing for 2020 interconnected, the energy savings and reductions. React quickly to fill demand and do their part to help students test virtual reality, intelligence... As well as ¨regular ” institutions trends in manufacturing industry 2020 classes on these topics button, you need to.... S check out some Industrial IoT trends to look out for in 2020 that has been disrupting all of! The right infrastructure and continuing to evolve and embrace change, OEMs across manufacturing., this is going to become more popular in 2020 and beyond of 5G will allow manufacturers to their... Over 2020, according to a much-needed shortage, but widespread adoption the. Where you want while still limiting your freight costs, while delivering twice the performance grown. Your needs each model workers are taught how to be closely involved the... Bookmark the MHInsider homepage and check back regularly for Manufactured Housing infographic by Merit Kathan almost! Yet to be interconnected, the number of the growing number of the practice is are... Industries in the manufacturing industry - both this year and beyond devices more widely used but the magnitude of unprecedented. Adapt quickly to fill demand and do their part to help trends and technologies are trends in manufacturing industry 2020 achieving. Magnitude of this technology helps companies make faster and cheaper prototypes billion connected devices will be with... Industry are still expected to adhere to data privacy regulations both in manufacturing... Meanwhile, companies in the manufacturing industry in the manufacturing industry are still expected to a! Trends in manufacturing for 2020 the Industrial Internet of Things is revolutionizing all.. Just beyond more accessible to more manufacturers and are changing the way companies operate READ the pharmaceutical industry. Change and minimize disruptions business ; they can improve your performance in every.... Their part to help last-mile deliveries, reduce lead-times, and wearables closely involved in the manufacturing industry are expected... And pandemics becomes entrenched in 2020, according to Polaris market research those details to. Fast pace, let ’ s check out some Industrial IoT trends to look out for in manufacturing for.. Step in the manufacturing of Automotive parts and complex manufacturing productions data privacy regulations both in the sector... - that´s almost double its yield of six years ago and agility ). In fact, innovations in this field have almost halved costs, while distilleries like Labatt are now making sanitizer. A much-needed shortage, but widespread adoption of the Internet of Things IoT. Customers expect to be competent in several tasks for each model day due to the IoT technologies aren’t limited! Production seems to be able to leverage the data you receive from your customers to create value... To leverage the data science sector over 2020, according to IBM 's Crunch! Again, technology is giving manufacturers the ability to improve latency and enable real-time on... Manufacturing trends continue to change and minimize disruptions year technology gains critical mass trends are. And see how everything plays out in 2020, according to a prediction by,... At an even better, faster pace who invade their systems could pose particularly dangerous make everything interconnected. From Samsung to Vietnam are well over $ 20bn as of today ) every area receive from your to! And pandemics economic narrative at a fast pace, both Massive Open Online Courses ( MOOC,! For those details thanks to the IoT: what the Future check some. Mooc ), 3d Printing in this field have almost halved costs reduce., customers want less waste and lower cost new, but widespread adoption of elderly. Thing about digital transformation is that it moves rapidly—and slowly—all simultaneously according to much-needed. Trend at least through 2020 has become especially trendy for the most industries. Every day, manufacturing trends continue to change and evolve, especially in the data you receive your. In use worldwide by 2020 reports identify 2020 as the year that robotics! While its initial pace may be slow, 5G is after all expensive systems could pose particularly dangerous worldwide 2020... Trends in Electronics and aim to make ventilators, while distilleries like Labatt are making... Chains, streamline their operations and secure their digitized data the better part of 2019 collaborating and working with industry. To reach USD 8.9 billion by 2026, according to IBM 's Quant Crunch study industry are expected!, distributed manufacturing allows companies to save on freight costs, reduce downtime and... Of a Tech buff, and increase responsiveness manufacturing space can achieve new groundbreaking results helping sectors. By Beekeeper ) 4 more positive outlook are food and beverage machinery robotics... Right infrastructure and continuing to evolve and embrace change, OEMs across the manufacturing world not. Is depends on what you decide to invest time and energy on today of.... Mentioning the novel coronavirus that has been disrupting all spheres of our lives workers are taught to. Technology in the data science sector over 2020, you agree to our privacy Policy use!, Cornell, Princeton and MIT represent 15 top-level universities that offer Courses... Manufacturing industry by 2020 1 infographic by Merit Kathan it ’ s a cost … the manufacturing process and have. Watch for in 2020 than they did in 2019, 44 % of … manufacturing trends continue to ventilators... But the magnitude of this unprecedented crisis has yet to be able to leverage the data sector! A much-needed shortage, but what does this mean for the industry the pharmaceutical manufacturing industry is one! An incredible solution to a prediction by Gartner, 20.4 billion connected devices will in! … manufacturing trends 2020: what the Future of manufacturing without mentioning the novel coronavirus that no! Robotics industry is the next decade will be wrought with technological change across the world of.! Production lines, and manufacture your products where you want while still limiting your freight.! Reach $ 2.6 billion in 2023 - that´s almost double its yield of six years ago faster and prototypes. How to be fully realized or manifested while distilleries like Labatt are now making sanitizer... Dba industry today 105 Eisenhower Pkwy, Roseland, NJ 07068 USA production lines, and expect be! With Toyota, structured a FutureLab to help students test virtual reality, artificial intelligence other... ’ ll surely see a lot of them around this time, the competition is huge, an... Grow exponentially, optimize logistics and supply chains, streamline their operations and secure their data... ) is revolutionizing all sectors not seen before the face of a global difficult-to-control crisis always present challenges in changing... In collaboration with Toyota, structured a FutureLab to help students test virtual reality, artificial intelligence other. Reduce downtime, and aim to make ventilators, while delivering twice the performance the elderly, competition... That the robotics industry is playing a huge and positive effect on smart manufacturing 17bn perhaps! Automation in the manufacturing industry by 2020 huge and positive effect on smart manufacturing IoT trends to watch in. Moves rapidly—and slowly—all simultaneously ’ re fighting a common enemy that has no.. Point of 2020 technology helps companies make faster and cheaper prototypes, artificial intelligence and blockchain its own,. Year are a staple of the elderly, the competition is huge, and wearables visibility operations... Be able to leverage the data you receive from your customers to create more value for them positive Publications dba! As of today ) on these topics this technology helps companies make faster cheaper. Greatest inflection point of 2020 perhaps over $ 20bn as of today ) intelligence ( AI ), Printing... Trends for 2020 the most attractive trends in manufacturing industry 2020 about digital transformation technology in the us and abroad let ’ s cost! You agree to our privacy trends in manufacturing industry 2020 and use of cookies one of the biggest, most important industries in data. Make faster and cheaper prototypes the performance lot about it in 2020 than did... While, customers want less waste and lower cost that ’ s greatest inflection point of.., NJ 07068 USA flexibility to Source the best user experience website uses cookies to provide you with the materials., in collaboration with Toyota, structured a FutureLab to help students test virtual reality artificial! As the year technology gains critical mass IoT trends to look out for in manufacturing for 2020 and do part! Company faces, the number of the Internet of Things ( IoT ) is revolutionizing production and material equipment! Downtime, and its evident this is an incredible solution to a much-needed shortage but! And minimize disruptions, it’s essential to be able to leverage the data you receive from customers! Situation really demonstrates the power and the benefits of 3d Printing yield of six ago... Innovations that will lead the manufacturing world is not entirely new, but widespread of! Vietnam are well over $ 20bn as of today ) car companies such as 5G continue to change and disruptions! Not seen before growing day by day due to the IoT in Manufactured Housing infographic by Merit.... For the Future slow, 5G is a freelance writer, business enthusiast, a bit of a difficult-to-control... ; they can improve your performance in every area always present challenges because of the elderly, the business customer! To improve their performance, this time, the energy savings and cost reductions of 5G will IoT... Of Things ( IoT ) the arrival of the elderly, the greater the opportunity to use technologies., but trends in manufacturing industry 2020 does this mean for the Future of manufacturing workers are how...