ISMR February 2023 | Page 9

Global Industry-4.0 market

The global Industry-4.0 market size is set to grow from US $ 130.90 billion in 2022 to US $ 377.30 billion by 2029 , growing at CAGR of 16.3 %, according to the latest research by analyst Fortune Business Insights .
“ Factors such as the continued development of technologies such as IoT , AI and Big Data analytics is driving the growth of Industry 4.0 . The global markets and supply chains are driving the need for more efficient and effective manufacturing as well as industrial processes to boost Industry 4.0 growth globally ,” it explained .
The analyst valued Industry-4.0 market size at US $ 114.55 billion in 2021 and US $ 130.90- billion in 2022 . Industry-4.0 technologies , such as IoT and AI , help to improve the efficiency and productivity of manufacturing and industrial processes by providing real-time monitoring and analysis of equipment and processes .
“ The efficiency and effectiveness of supplychain management and real-time monitoring and analysis of supply chain processes can also be key factors for the adoption of Industry- 4.0 globally ,” added the analyst .
“ With the global market weakened by the COVID-19 pandemic , digitalisation across numerous sectors accelerated . This offered a novel opportunity for digital leaders to create and implement creative solutions to fast-track digital transformation at all stages of company [ operations ]. The outbreak of coronavirus is quickening the presentation of the fourth industrial revolution ( Industry 4.0 ), thrusting businesses across sectors into a greater level of Internet of Things ( IoT ) technology

GENERAL NEWS

[ integration ] and workflow ,” it added . As Industry 4.0 continues to evolve , the integration of robots and automation systems into manufacturing and industrial processes is becoming more widespread . Another trend that is gaining momentum and expected to further increase is the collaboration between humans and robots . However , cautioned the analyst , data and security problems linked with the adoption of progressive technologies are projected to hinder Industry-4.0 market growth .
“ North American corporations are increasingly embracing the concept of smart manufacturing , and the region is expected to dominate the market . Europe held the secondlargest Industry-4.0 market share in 2021 . The Asia Pacific market growth is [ spearheaded ] by Japan , China and South Korea ,” concluded the analyst . n

Meet ISMR at Southern Manufacturing & Electronics

Copies of ISMR will be distributed at Southern Manufacturing & Electronics 2023 , due to take place in Farnborough ( UK ) from 7-9 February 2023 . Sheet and tube machining , manipulation , metrology and inspection will form an important part of the exhibition , which will be held at the Farnborough International Exhibition and Conference Centre ( a new £ 35-million 20,000m ² venue offering modern facilities , easy access and free onsite parking ).
The event is a comprehensive annual industrial exhibition in the UK and a major pan-European showcase for new technology in machinery ; production equipment ; electronic production and assembly ; tooling and components plus subcontract services .
There will be an extensive technical
seminar programme alongside the three days of the exhibition . It is designed “ to give visitors and exhibitors valuable learning opportunities , with a particular focus on the technical , managerial , supply-chain and environmental issues facing manufacturers today ” according to the show organiser .
The programme will include lectures on lean continuous improvement ; design for
www . fortunebusinessinsights . com
test ; marketing ; team motivation ; additive manufacturing and business succession planning . The manufacturing sessions will focus , amongst other things , on management techniques ; CE and UKCA marking ; the role of IP in commerce ; social media for lead generation and other marketing strategies ; commercialisation of ideas and testing . A full list of sessions and pre-registration are available on the show organiser ’ s website .
Southern Manufacturing & Electronics 2023 will co-locate once again with AutoAero , a specialist theme within the exhibition devoted to aerospace and automotive engineering . n
www
. industrysouth . co . uk

New facility for JR Automation

JR Automation , a global systems integrator
JR Automation ’ s new facility at Lake Orion , Michigan ( USA ). and wholly owned subsidiary of Hitachi , Ltd , has announced the opening of its newly built , modern facility in Lake Orion , Michigan ( USA ). With over 227,500 sq . ft . of manufacturing space , the new facility will become the company ’ s primary location in the Metro Detroit area for large automation projects , consolidating the previously leased facilities in Pontiac , Shelby Township and Sterling Heights . space that this new building provides confirms The manufacturer ’ s latest facility is less than our investment and commitment within this half a mile east of its existing 1000 Brown community and our availability to take on more Rd . facility , which will now focus on smaller work ,” said Brian Rogus , Vice President , Esys footprint automation projects while also Division , JR Automation . “ The consolidation of expanding its machine-shop capabilities . our teams and work to within two blocks will
“ The enormous amount of manufacturing allow us to be more efficient and reduce our overall time and travel costs .”
JB Donaldson and Orion Township played key roles in supporting the development and ensuring the project remained on time despite being challenged with the pandemic and facing supply chain and labour shortage issues .
“ The construction of this facility has been quite an undertaking . It has the largest footprint of any facility that JR Automation has ever constructed ,” said Lucy Ballesteros , EHS & Facilities Specialist , JR Automation . “ We truly appreciate the support received from our partners including Orion Township and JB Donaldson .”
Established in 1980 , JR Automation is a provider of intelligent automated manufacturing and technology solutions . n
www . jrautomation . com
ISMR February 2023 | ismr . net | 9