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Advanced Manufacturing: Be Competitive in 2022

Bhagyashri Kambale | November 01, 2021 | 826 views
Manufacturing processes will undergo significant transformation in 2022 as a result of advanced manufacturing technology. The changing manufacturing industry is full of digitization to improve processes, products, productivity, and business revenue.

Manufacturers must realize the advantages of advanced manufacturing and learn to enhance their production processes to increase their manufacturing plant's productivity. Once you understand the heart of your business and where to integrate technology, you're halfway to success.

The manufacturing industry's top professionals have also recognized the technology shift and are supporting upskilling in the manufacturing business. Mr. Matt Mong has said in his interview with Media7,

“Once you start to look at yourself in the right way and realize that projects are at the core of your business, it is easy to see how you should use technology to support your business.” – Matt Mong, VP Market Innovation and Project Business Evangelist at Adeaca

Importance of Advanced Manufacturing

Adopting innovative manufacturing technologies has several advantages that grow its acceptance and relevance among manufacturers across industries. The following are the most significant advantages of advanced manufacturing.

  • Amplifying the product and process quality
  • Improvement in productivity
  • Encourages new ways to innovation
  • Decreases production time

Considering the factors above that contribute to the production process becoming more efficient, productive, and revenue-generating, advanced manufacturing will continue to dominate the manufacturing business in 2022.

Top Five Technologies That Are Advancing Manufacturing in 2022

To better understand the current trends in manufacturing technology, let us comprehend the technologies that are advancing the manufacturing industry. Additionally, discover how these technologies help manufacturers to advance their manufacturing processes.

Cloud Computing

Cloud computing in manufacturing is used for marketing, product development, inventory management, and productivity management. It stores software and commercial data via internet connections. Cloud computing is becoming a prevalent technology because it enables manufacturers to improve communication and manage the entire production cycle effectively.

According to MarketsandMarkets' study, the global cloud computing market will also increase to 832.1 billion dollars by 2025, growing at a 17.5 percent annual rate in the following years.

Benefits of Cloud Computing

  • Fewer technical issues when compared to traditional software use
  • Cost savings because no in-house servers are required
  • Cloud computing enables easy scalability for your developing firm
  • Cloud computing provides centralized control and access from any device


How did McDonald's use AWS cloud computing services to transform their customer service?


Additive Manufacturing



Additive manufacturing enables the fabrication of lighter, more sophisticated designs that would be impossible or prohibitively expensive to fabricate using conventional dies, molds, milling, and machining techniques. Rapid prototyping is another area where additive manufacturing thrives.

As a result, it is gaining a grip in the manufacturing business. According to Statista's market research, the additive manufacturing industry is worth approximately 12.6 billion US dollars in 2020 and is predicted to increase at a compound annual growth rate of 17% until 2023.


Benefits of Additive Manufacturing

  • Reduces material waste
  • Simplifies manufacturing processes
  • Additive manufacturing enables on-demand production
  • Increases supply chain flexibility
  • The finished product can be made close to the end customer


Robotics


Robots are used in manufacturing to automate repetitive tasks, resulting in a more efficient assembly line. Humans and robots work together on a variety of things as well during the production of various products. Many jobs are hazardous or necessitate many supplies, which could be harmful to the human workers themselves. So, in such instances, robots play a significant role in executing manufacturing operations.

Robotics' increasing application in production is transforming it into a necessary component of industrial processes in the future. According to Mordorintelligence's study, the robots industry was worth USD 27.73 billion in 2020 and is predicted to reach USD 74.1 billion by 2026, growing at a CAGR of 17.45 percent between 2021 and 2026.


Benefits of Robotics

  • Increased productivity when compared to traditional manufacturing
  • Consistent speed and quality during goods production
  • Increased workplace safety for all employees at the manufacturing plant
  • Aids in more efficient use of floor space


Internet of Things

The Internet of Things allows devices to interconnect with one another and exchange data. The IoT connects assets to processes, systems, and people in manufacturing. This enables improved process integration, increased efficiency, and the advancement of manufacturing to the next transformation phase, Industry 4.0.

According to Mordorintelligence's market research, the global IoT market is estimated to reach USD 1,386.06 billion in 2026, up from USD 761.4 billion in 2020, a CAGR of 10.53 percent over the forecast period of 2021 to 2026.


Benefits of Internet of Things

  • It contributes to increased energy efficiency by identifying and optimizing underperforming devices
  • It monitors all processes and parameters to determine when to replace specific components
  • It improves product quality by analyzing and correcting issues at any stage of the manufacturing process
  • It reduces downtime by detecting and alerting production line personnel to problems
  • It enables more informed decision-making by unlocking


Virtual Reality


Virtual reality enables plant managers to mimic manufacturing processes and assembly line layouts to discover potentially harmful scenarios. Additionally, virtual reality can immerse an employee in a future workstation and then capture their movement to assess task feasibility and proficiency. As a result, the usage of virtual reality in manufacturing is increasing daily and is widely seen as the industry's future.

According to market research firm markets and markets, the worldwide virtual reality industry is estimated to rise by USD 20.9 billion by 2025, expanding at a 27.9 percent compound annual growth rate from 2020 to 2025.


Benefits of Virtual Reality

  • Enables a more thorough examination of the product's design
  • Enables the gathering of feedback on future items before they are launched in the real world

Final Words

In recent years, advanced manufacturing technology has helped the manufacturing industry become more efficient, precise, and goal-oriented. As a result, manufacturers are eager to upgrade their current manufacturing facilities to state-of-the-art facilities. As a result, manufacturing companies would become more competitive and an integral industry component if they implement cutting-edge technologies.

FAQs

How do you define advanced manufacturing?

Product and process improvement through inventive use of new technology is called advanced manufacturing.

Which sectors are utilizing cutting-edge technology?

Aerospace, Medical, Electronics, Transportation, Energy, and Consumer Product Production Companies are the top businesses or sectors that use cutting-edge technologies with sophisticated manufacturing.

What is the difference between conventional manufacturing and advanced manufacturing?

Traditional manufacturing adds value to attain the goal. Traditional manufacturing adds value to attain the goal. But, on the other hand, advanced manufacturing covers production methods in specific industries like aerospace, medical, pharmaceutical, etc.

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