LONDON, July 19, 2016 /PRNewswire/ -- 2016 Top Technologies in Advanced Manufacturing and Automation (TechVision) : Advanced Manufacturing and Automation Technologies that will have the Highest Impact in 2016
An array of new technologies driven by the digitalization trend will empower manufacturers to set foot into the digital era in 2016. This year will progress as a strategic year when most manufacturing companies will engage in information gathering and drawing strategies to make best use of new technologies into their operations. In the forthcoming years, manufacturing companies will undergo a gradual transformation in their organizational structures and operation patterns influenced by digital technologies.
The technology and innovation report covers the top 10 advanced manufacturing and automation technologies that will have highest impact in the near- and medium-term. Key technologies in the cluster were evaluated to arrive at the top 10 technologies for 2016. The technologies were selected after critical evaluation of an exhaustive list of technologies using TechVision's proprietary selection methodology.
The report assesses technologies from various aspects such as patents, funding, applications, megatrend impact, disruptiveness and market potential. The top 10 technologies covered in this report are additive manufacturing, digital manufacturing, collaborative industrial robots, agile robots, robotic exoskeletons, micromanufacturing, multi material joining, composites manufacturing, unmanned underwater vehicles (UUVs), and magnetic levitation (maglev).
Key Findings
Additive Manufacturing
The cumulative market size in 2021 will be $ billion
oThe additive manufacturing technology market is expected to grow at a compound annual growth rate (CAGR) of % until 2021 and is expected to reach an estimated $ billion by 2021.
o Automotive, healthcare, and the aerospace will be the major sectors, which are expected to adopt additive manufacturing technologies on a large scale for various applications.
o Food, sports, fashion, and construction are the other minor sectors, which have established new methods and techniques for manufacturing purposes using additive manufacturing technologies.
Digital Manufacturing
o Due the advent of Industry and smart manufacturing, the digital manufacturing technology market is anticipated to grow at a CAGR of % until 2021. The market to expected to reach almost $ billion during 2016 to 2021.
o Automotive, industrial, and aerospace are the major sectors to adopt digital manufacturing for efficient product lifecycle management.
oVirtual simulation capabilities will allow these sectors to devise a well optimized structure, material flow, and production process with improved lead, manufacturing, and assembling time.
Cobot Market is Steadily Growing
Cumulative cobot market size in 2020 will be $ billion
o Collaborative robots are embedded with advanced sensors and Artificial Intelligence (AI) to collaborate more effectively with humans.
o This enables humans to effectively share their workload with robots. Moreover, these cobots get trained from human co-workers in minimum time.
o These cobot features will enhance the work quality of the human workforce and robots alike, leading to higher productivity.
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