Globally, the manufacturing industry is emerging as a hub for technology and innovation, enabling manufacturers to achieve high production efficiency. Businesses that desire to succeed in the competitive environment need to invest in these modern and innovative technologies. This is especially true for the electronics manufacturing sector as they have to drive innovation, differentiated customer experience, and operational efficiency while keeping the costs under control.

With the entire manufacturing domain paying extraordinary attention to productivity and customer-centricity, by the year 2020, every manufacturer is expected to invest billions of dollars in a wide array of digital and fabrication technologies, namely Industrial Internet of Things (IIoT), data analytics, additive manufacturing (3D printing), artificial intelligence, and robotics. These modern and innovative technologies are driving the growth of the manufacturing sector and reshaping the global economy.

The shift to smart manufacturing can enable manufacturers to bring down the labor and operational costs, translating into increased profitability and healthy economies. The fully-integrated and collaborative smart manufacturing system uses real-time data and modern technology to meet the changing demands of a production unit, in the supply network and the market requirements. Consequently, electronics manufacturing firms must adopt new ways of operating their plants through the intersection of human innovation and modern technological advancements.

The infographic below will share edifying statistics and facts on how advanced technologies are shaping the future of the electronics manufacturing sector. You will also find valuable information on the benefits of employing modern technology in the manufacturing domain and the various challenges faced by firms in the process.