Machinery manufacturing has been a central pillar of industry from the first to the fourth industrial revolution. The increasing digitalization of manufacturing is changing the way machines are designed and built. Our in-depth industry outlines the historical and current trends shaping the sector.
• Additive manufacturing (3D printing): is beginning to reduce design-to-manufacturing cycle times and can dramatically alter the economics of production, and can reduce time-to-market
• Internet of Things: The connected factory uses the internet to link machines, sensors, computers and humans to enable higher levels of information monitoring, collection, processing, and analysis.
• Robotics: Though the market for automated manufacturing machines has expanded, many experts feel that the widespread use of robotics and unmanned control technologies will not address all productivity concerns. Robotic implementation is evolving on a different path in the U.S. and other mature economies. In many cases, robots are employed to complement rather than replace workers. This concept, known as “cobotics,” teams operators and machines to make complex parts of the assembly process faster, easier, and safer.
• Augmented reality: Recent advances in computer vision, computer science, information technology and engineering have enabled manufacturers to deliver real-time information and guidance at the point of use. Users simply follow the text, graphics, audio, and other virtual enhancements superimposed onto goggles or real assemblies as they perform complex tasks on the factory floor.

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Manufacturers that embrace collaborative new product development processes are able to realize a shorter time-to-market, lower costs, and myriad opportunities to improve products and processes – leading to reduced cost and significantly greater innovation.