The government’s flagship program “Make in India” has been the stepping stone for the stakeholders of the manufacturing industry to further build a robust and productive market all across the country. This program has its core objective to create more than 100 million jobs and also increase the share of manufacturing GDP to about 25 percent by 2022.
Amongst the various segments in the manufacturing industry, almost 50 percent of the total manufacturing GPD is brought by the Automotive Industry. With strong business players which include Maruti- Suzuki, Tata Group, Mahindra Group, among others, India is also home to many international car brands. The reason for the automotive industry getting the needed development is the fact that most of the companies have their R&D&I centers in the Indian sub-continent. Furthermore,
the rise in air pollution has been also slowly driving EV ecosystem building with many outlander companies starting to make a strong market for themselves. Moreover, other industries such as Construction Industry, Healthcare and Pharmaceutical Industry, Textile Industry, Defense Industry, among others have been also showing positive growth and have been going through a needed disruption with the intervention of next-gen technologies.
According to Divy Shrivastava, Co-Founder & CEO, Nineleaps Technology Solutions, “Across the world, technology is changing the way we look at everyday things. These are interesting times to be at the crossroads of technology and the manufacturing industry."
Here are some of the technology interventions that are aiding Manufacturing Industries’ growth bandwagon:
IIOT and Predictive Maintenance
As rotating devices are one of the most crucial and critical pieces of infrastructure, there has been a clear effort to mount measurement devices and sensors on industrial motors so as to build better communication. From motor, bearing block, to fan or compressor, these smart sensors allows information to be communicated precisely. The advanced software algorithms can aid in better predicting motor failures and disturbances well before it even happens. While controlling the speed of the motor, high-end microprocessors are also used to perform complex calculations.
Hence, there is a promising market for drives vendors who can provide support condition monitoring and also predictive maintenance, in the near future.
The Dawn of Simulation
Driving the usage of simulation software and modeling has been the crucial need to improve quality and flexibility in the manufacturing industry. Moreover, it considerably reduces costs by cutting out the need for physical prototypes and testing. As to both purchase and operate, test equipment can be quite an expense and moreover covers factory space which otherwise could be utilized for other better productive works and also will outlay the leases on the factory building. As stated by Volvo, their simulating testing of XC60’s vehicle dynamics has significantly reduced the process from days to just mere hours. Moreover, they have also stated that this testing simulation - cutting-edge virtual approach – can be applied to many other areas of manufacturing as well.
Impact of Edge Computing
With advancements in networks and an increasing number of IIOT devices, a noticeable pressure has been placed on data centers and network bandwidth, thus affecting slower response times and transfer rates. Thus, the solution for this problem has been the Edge Computing which is becoming crucial for unloading data centers for the extra pressure so as to function smoothly and in real-time. With advancements in cloud computing, it is becoming the utmost need of the hour for many manufacturing industries, today.
Advancements in Motion Control
According to a credible source, motion control products will outgrow the growth of global manufacturing production from 2020 onwards in spite of the certain lag that was encountered last year (2019). Sectors such as food and beverage machinery, robotics, packaging machinery, and material handling equipment will the major driving force behind this positive growth for the motion control products. The dramatic change of consumer behavior towards customization and personalization of products has been significantly driving the need for flexible and faster production lines, which directly drives the demand for motion control products.
