Digital Manufacturing Market Trends
Adoption of Digital Technologies and Smart Wearable Devices
Adoption of digital technologies and smart wearable devices has become a significant factor in the growth of the digital manufacturing market. Fatal injuries in manufacturing industries have increased demand for smart wearable devices. Digital technologies such as the Internet of Things (IoT), AI (artificial intelligence), and machine learning with innovative wearable devices such as smart helmets, smart glasses, safety vests, and wearable sensors enable real-time safety management at sites and during the manufacturing process for workers.
Further, Kinetic Company has announced the findings of a new report by Perr and Knight (a US-based actuarial consulting firm), which found that using Kinetic Reflex technology helps to reduce injury frequency by 50%–60% and lost workdays by 72%.
Progress in Technology
Several industries are expanding quickly, including manufacturing, transportation, aerospace, automotive, and building. With the advent of new trends in digital tools for industrial usage, technology has created new avenues for meeting consumer wants. In manufacturing, robotics and automation actuators are commonly used to decrease waste and scrap with better accuracy, run continuously, complete operations more quickly and effectively, and boost product efficiency. The digital manufacturing market has grown dramatically due to these benefits, which have raised manufacturing productivity across industries.
For example, the new Smart Manufacturing and Digital Transformation Centre (SMDTC) was introduced by IIT (Indian Institute of Technology, Madras) in July 2022. Its aim is to develop key components for manufacturing execution systems, databases, and manufacturing intelligence software platforms.