ASE Global

Assembly Line

Industry 4.0: What Manufacturing Looks Like in the Digital Era

πŸ“… Date:

🏒 Organizations: ASE Global

Already, the market size for Industry 4.0 specific technology was estimated to be $116.1 billion in 2021. By 2028, it’s projected to grow almost three times to $337.1 billion, with core components leading the way.

Different businesses and industries will be able to utilize Industry 4.0 technologies in different capacities, and lights-out manufacturing is no different. Though incorporating fully autonomous factories can unlock huge potential, there are also significant challenges to first overcome. Many industries are capable of benefiting from 5G, IoT, and more robust usage of data and machines in some way. The question of when your sector will see Industry 4.0 is either sooner than you think, or it has already begun.

Read more at Visual Capitalist