Latest news with #IIoT
Time of India
2 days ago
- Business
- Time of India
India's top manufacturing CIOs on mastering IIoT transformation
The future of manufacturing is already unfolding—on data-rich factory floors where machines communicate, predict, and even collaborate with human operators. But as the Industrial Internet of Things (IIoT) rapidly scales, a critical question arises: how can manufacturers unlock its potential without becoming overwhelmed by its complexity?At the ETCIO Annual Conclave 2025, leading voices from India's manufacturing and technology ecosystem came together to unpack this very challenge. Moderated by ETCIO Editor Muqbil Ahmar, the discussion brought to light a nuanced view of India's industrial transformation—one that's ambitious, grounded, and acutely aware of the operational, cultural, and technological realities. Reimagining the factory: From industry 4.0 to industry 5.0 Debashish Roy, CDTO at CEAT, painted a vivid picture of the transition from Industry 4.0 to Industry 5.0, spotlighting a future driven not just by automation but by human-centric design, sustainability, and the rise of collaborative robots ( cobots ). 'Cobots are not traditional robots. These are designed to work alongside humans, enhancing both productivity and safety,' Roy said. Roy also introduced emerging concepts like foresight factories, which go beyond predictive maintenance to adapt in real-time to shifting demand signals, as well as experience hubs powered by AR/VR and the industrial metaverse—a space where training, inspection, and visualization converge for operational excellence. Smart factories must deliver across three dimensions Gaurav Kataria, VP – Digital & CDIO at ITC, broadened the definition of success. Smart manufacturing , he emphasized, must create impact across three layers: operational efficiency, revenue generation, and societal value. With digital tools delivering a 2.4% EBITDA boost at ITC's paper division, the results speak for themselves. But challenges remain—especially when it comes to democratizing technology for MSMEs, which form the backbone of India's manufacturing sector. 'We haven't yet figured out how to make Industry 4.0 affordable for MSMEs. But the intent and innovation are already there,' Kataria added, citing examples of small manufacturers adopting 3D printing and modular solutions to great effect. The real barriers to smart manufacturing The panelists didn't shy away from identifying what's holding smart factory dreams back. The list was familiar but still formidable: legacy machines that aren't sensor-ready, siloed and outdated processes, under-skilled workforces, and the often-fatal mistake of deploying tech before defining a problem. 'We need business translators—those who understand the language of both the factory floor and AI algorithms,' Kataria asserted. Without this bridge, even the most advanced IIoT solution risks becoming just another dashboard collecting dust. Agentic AI and machines that talk back For Harsh Vardhan, CDO at Apollo Tyres, smart manufacturing success lies in linking bold innovation with clear business value. He shared Apollo's internal initiative, 'Machines Are Talking,' where engineers interact with equipment via agentic AI frameworks—a system built with explainability, cost controls, and security embedded by design. 'We tried causal AI with quantum-inspired ML for demand sensing,' Vardhan said. 'It sounded like science fiction, but the impact was real and measurable.' This kind of experimentation, he stressed, must be grounded in ROI, scalability, and alignment with organizational priorities to avoid pilot fatigue. Reliance Jio's lego model for scalable IIoT Kavit Gupta from Reliance Jio presented a commercial model built to solve IIoT's toughest blockers: cost, integration complexity, and legacy constraints. Jio's Lego-as-a-Service framework enables plug-and-play adoption of solutions like smart surveillance, connected vehicles, and private 5G, all pre-tested in Jio's own Jamnagar plant and scaled across industries like aerospace and automotive. 'We've helped Airbus reduce inspection times by 80%. For Hitachi, we've cut plant downtime in half using edge analytics,' Gupta said. The key, he noted, is shifting from capex-heavy deployments to as-a-service models that accelerate experimentation and lower risk for manufacturers. When dashboards turn into dollars Rounding off the panel, Santosh Kumar Satapathy, Group CIO at Indian Metals & Ferro Alloys, shared a powerful case study that proves smart manufacturing's ROI potential. By integrating SAP S/4HANA with ML models and dealer systems, and layering it with end-to-end visibility, the company achieved: 23% reduction in inventory15–17% improvement in cash flowFaster and smarter procurement-to-delivery cycles 'The real breakthrough wasn't just better analytics—it was aligning digital architecture with financial performance and operational cadence,' Satapathy explained. The session made one thing clear: smart factories don't emerge from adopting the latest tech—they are built through strategic alignment, relentless process rethinking, and empowering people with the right tools. While enterprises like CEAT, ITC, and Reliance are scaling Industry 5.0 frameworks, the real opportunity lies in extending this momentum to the broader industrial landscape—including MSMEs. The convergence of agentic AI, foresight-driven production, and modular adoption models promises a new chapter in Indian manufacturing—one where innovation is both inclusive and outcome-driven.
Techday NZ
3 days ago
- Business
- Techday NZ
Data diode market to reach USD $919.29 million by 2034
The data diode market is projected to reach USD $919.29 million by 2034, with a compound annual growth rate (CAGR) of 7.0% from 2025 to 2034, according to research by Polaris Market Research. Data diodes are specialised hardware devices that enforce a unidirectional flow of data between networks, typically from a secure internal network to a less secure external one. Unlike software-based gateways and firewalls, which can be susceptible to cyber threats, data diodes provide a physical layer of security, making them ideal for environments that require strict separation and regulatory compliance. Once largely employed within military and critical infrastructure environments, data diodes now see adoption across an increasing range of sectors, including finance, healthcare, manufacturing, and energy, where sensitive and mission-critical information must be robustly safeguarded. Market developments The Polaris Market Research report values the data diode market at USD $467.66 million in 2024 and projects growth to USD $919.29 million by 2034. SMEs are expected to experience heightened adoption of data diodes, as they too are now targets of cyberattacks that formerly affected primarily large enterprises. The Asia Pacific region is forecast to see pronounced growth, driven by ongoing industrialisation and escalating cyber risk. Multiple factors are expected to fuel wider adoption of data diodes. The report notes, "There has been a significant rise in ransomware attacks, cyber espionage, and nation-state threats targeting critical infrastructure. This has prompted organisations to actively seek solutions that offer zero-attack surfaces. Data diodes act as a physical barrier to unauthorised access, which effectively eliminates pathways for cyber intrusions into sensitive networks." The integration of operational technology (OT) with information technology (IT) through the Industrial Internet of Things (IIoT) also raises the risk of cyber vulnerabilities. According to the research, "Data diodes offer an effective way to transfer sensor data from OT systems to IT platforms without making the system vulnerable to backflow attacks." Furthermore, governments globally are enforcing tighter cybersecurity regulations, especially in industries such as finance, defence, and energy. The report notes, "Data diodes help entities comply with these regulations by preventing data tempering and ensuring secure audits." There is also a trend towards greater use in critical infrastructure sectors. The report highlights, "Data diodes are being increasingly deployed in power plants, water treatment facilities, and transportation networks to protect them from cyber threats. These devices ensure continued operations by preventing data leakage or malware infiltration while still enabling outbound communication." Data diode types and trends Data diodes come in various forms according to use case and integration requirements, including hardware-based, software-assisted, and virtual data diodes. Hardware-based data diodes employ physical limitations, such as optical fibres or digital circuits, to guarantee one-way transfer. This makes them resistant to hacking, malware, and configuration errors. Software-assisted diodes reinforce hardware controls with software layers to support a broader array of protocols and data formats. Virtual data diodes, intended for situations where physical separation is impractical, simulate one-way data flow but offer a lower security assurance compared to hardware-based alternatives. The study identifies several emerging trends in the sector. There is increasing miniaturisation of data diode units, leading to more portable and compact solutions suitable for mobile or small-scale applications. Modern units have become protocol-agnostic, supporting diverse industrial and IT protocols to facilitate broader network deployment. There is also enhanced integration with security operations centres (SOCs); data diodes are now used to securely transmit logs and alerts, shielding source systems from exposure. Cloud connectivity has become another focal area. With the proliferation of cloud adoption, manufacturers are working to ensure data diodes can provide safe outbound connectivity for the transfer of information to cloud services, permitting companies to make use of cloud analytics without increasing vulnerability to inbound threats. Regulatory and infrastructure considerations Regulatory compliance remains a crucial driver for data diode adoption, particularly in scenarios where information integrity and auditability are paramount. The physical enforcement of one-way data communication contributes to meeting stringent sector-specific requirements. The ongoing digital transformation across industries, with the convergence of OT and IT, increases the need for robust security controls. Data diodes are positioned to become integral in strategies to safeguard industrial operations and infrastructure from ever-evolving cyber threats. As the frequency and sophistication of cyberattacks increase, the demand for high-assurance network protection technologies like data diodes is gaining momentum. These devices offer unparalleled security through the physical enforcement of one-way communication, making them crucial for sectors that need high confidentiality and regulatory compliance. With ongoing advancements in protocol support and integration capabilities, the data diode market is poised to witness sustained growth in the coming years.
Mid East Info
03-06-2025
- Business
- Mid East Info
e& enterprise and Exeed Industries team up to fast-track UAE's Industry 4.0 shift - Middle East Business News and Information
e& enterprise, the digital transformation arm of e&, and Exeed Industries, a leading UAE industrial group and a subsidiary of National Holding, have signed a strategic Memorandum of Understanding (MoU), the partnership is a multi-year programme set to accelerate digital transformation across Exeed Industries' UAE-based factories. Together, both entities will develop a comprehensive Industry 4.0 roadmap – a strategic plan that guides manufacturers in adopting smart, connected technologies to boost efficiency and competitiveness – underpinned by AI and sustainability. The goal is to strengthen the resilience and global standing of UAE manufacturing. e& enterprise will lead the development of the Exeed Industries technology blueprint for Industry 4.0 strategy, working closely with each manufacturing unit and the Group. This roadmap will be key in enabling Exeed Industries to access funding opportunities from Abu Dhabi Investment Office through the Smart Manufacturing Accelerator Programme (SMAP), to implement transformative projects at scale. The scope covers conducting maturity assessments across five Exeed plants, developing tailored smart manufacturing roadmaps, and Deployment of Industrial IoT (IIoT) technologies integrated with AI and GenAI engines, digital twins (which use IIoT data to mirror the real-time performance and condition of physical assets), predictive maintenance and automation. It also includes deploying AI for functions like demand forecasting, quality control, and energy optimisation, as well as integrating ESG-driven platforms to monitor and reduce carbon impact. Majd Coussa, Acting Chief Revenue Officer, e& enterprise, said: 'This partnership represents a model for how we aim to work with forward-looking manufacturers. By combining Exeed's industrial leadership with our deep expertise in digital transformation, we will co-develop scalable solutions that align with the UAE's goals for innovation, sustainability and economic diversification.' Mohammed AlAmeer, Group CEO, Exeed Industries, added: 'At Exeed Industries, we are committed to evolving our manufacturing capabilities to meet the demands of a future-ready industrial sector. This MoU with e& enterprise allows us to reimagine our operations through the lens of digital innovation, contributing directly to national goals under Make it in the Emirates.' As part of the collaboration, e& enterprise will bring its wider climate commitment to the table. After setting ambitious environmental targets for 2030, e& launched its Climate Transition Plan, titled 'Ambition to Action', which sets out a clear roadmap to Net Zero. One of the first companies in the region to publish such a detailed approach, e& is working to decarbonise its operations and support partners like Exeed in embedding sustainable practices across value chains. Sustainability is embedded in e&'s transformation journey, aligned with national and global priorities such as the UAE Net Zero by 2050 strategic initiative, We The UAE 2031 Vision, and the Sustainable Development Goals. The partnership with Exeed will further strengthen ESG-led manufacturing, with the aim of building resilient, resource-efficient industrial models that are future-fit and climate-aligned. The collaboration supports the UAE's broader ambitions to become a global hub for advanced manufacturing, in line with its Industry 4.0 strategy and net zero goals. It will also serve as a replicable framework for other manufacturers in the UAE and the wider region, demonstrating how digital transformation can enhance industrial productivity, energy efficiency and competitiveness. About e& enterprise: e& enterprise is a digital transformation leader supporting governments and large-scale organisations in building and scaling their digital core. Through optimising operations, enhancing customer engagement, and data-driven decision-making, we enable seamless, sustainable, and secure transitions into the evolving digital world. Currently operating in the UAE, KSA, Egypt, Oman, Türkiye, Qatar, and South Africa, e& enterprise brings cutting-edge digital scalable solutions designed to deliver tangible business value and address the unique challenges faced by organisations and executives across industries. With a proven track record as a trusted digital transformation partner, technical expertise, and the ability to deploy and manage complex solutions, e& enterprise provides collaborative tailored solutions that empower customers to navigate their end-to-end digital transformation journey. About Exeed Industries: A subsidiary of National Holding and headquartered in Abu Dhabi, Exeed Industries is a leading diversified manufacturing conglomerate playing a pivotal role in industrial manufacturing and directly contributing to the economic development of the UAE and the wider MENA region. Presently, its operations span six state-of-the-art manufacturing entities across the UAE and Jordan, specialising in building materials, construction, engineering, synthetic materials, and consumer goods. Each entity leads its respective sector with a strong focus on innovation, quality, and sustainability.
Yahoo
29-05-2025
- Business
- Yahoo
Smart Manufacturing Market Size worth $787.54 Billion, Globally, by 2030 - Exclusive Report by The Research Insights
CHICAGO, May 29, 2025 /PRNewswire/ -- The global Smart Manufacturing Market Size is projected to be valued at USD 297.20 billion in 2023 and reach USD 787.54 billion by 2030, growing at a CAGR of 14.9% according to a new report by The Research Insights. Key drivers of the smart manufacturing market growth consist of Industry 4.0 technology adoption such as IoT, AI, and robotics together with rising demands for automated operations and operational efficiency alongside government digital transformation initiatives and the requirement for real-time data-based decision-making. The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, the Smart Manufacturing Market growth of 14.9% comprises a vast array of, Component, Technology, End-Use and Geography which are expected to register strength during the coming years. For More Information and To Stay Updated on The Latest Developments in The Global Smart Manufacturing Market Share, Download FREE Sample Pages: Market Overview and Growth Trajectory: Smart Manufacturing Market Growth: According to an exhaustive report by The Research Insights, the Smart Manufacturing Market is experiencing significant growth. The rise of smart manufacturing systems and solutions stems from the necessity to optimize resource utilization along with reducing waste. The "Manufacturing USA" government initiative strengthens market growth through enhanced research and development efforts that target manufacturing technologies including machine condition monitoring and AI. New technologies including human machine interface and edge computing function as growth-driving factors by reducing manufacturing downtime and boosting productivity with modern automated production techniques. Rapid Adoption of Industry 4.0 Technologies:Industry 4.0 principles drive the global smart manufacturing market through their emphasis on automation and real-time data exchange along with cyber-physical systems integration into manufacturing processes. The manufacturing sector is undergoing major transformations due to advancements in Industrial Internet of Things (IIoT), artificial intelligence (AI), robotics, digital twins, and edge/cloud computing technologies. Manufacturers now utilize advanced technologies to monitor and process production data in real-time which results in predictive maintenance capabilities and process optimization through autonomous decision-making. Embedded sensors in machines detect faults early which prevents downtime while improving equipment effectiveness and cutting operational expenses. AI-powered analytics together with machine learning models deliver practical insights for supply chain management as well as inventory control and demand forecasting. Digital transformation advances productivity and quality while driving innovation throughout the automotive, aerospace, electronics, and pharmaceutical industries. For Detailed Market Insights, Visit: Demand for Operational Efficiency and Cost Reduction:Manufacturers today must enhance their operational efficiency while reducing waste and optimizing resource utilization to survive in a volatile and globally competitive economic environment. Smart manufacturing creates solutions through its ability to build production systems that are both highly adaptive and agile. Every production phase benefits from decision-making improvements through advanced analytics and real-time monitoring starting at design and continuing through delivery. Manufacturing automation eliminates human mistakes and lowers labor expenses while speeding up production timelines as data analysis enhances both energy conservation and resource utilization. Smart energy management systems utilize usage pattern analysis to optimize electric consumption for various machines across multiple work shifts. Smart systems empower lean manufacturing which facilitates just-in-time production that lowers inventory expenses while enhancing adaptability to market fluctuations. Industries that produce high quantities of products while operating with limited financial buffers require these capabilities to maintain market competitiveness. Companies from various industries now direct more investments toward smart manufacturing to achieve competitive advantage while ensuring resilience and maintaining cost-effectiveness. Government Initiatives and Public-Private Partnerships:National governments worldwide implement strategic policies and funding programs alongside incentives to promote smart manufacturing adoption. Germany's "Industrie 4.0," China's "Made in China 2025," and the United States' "Manufacturing USA" collectively aim to modernize their domestic manufacturing sectors through digitization and workforce upskilling while advancing technological development. Substantial public R&D investments and tax incentives for new technology adoption along with industry-research grants define these initiatives. Governments are boosting their recognition of smart manufacturing as a key factor for boosting national competitiveness while securing supply chains and meeting sustainability goals. As part of wider climate objectives, smart technologies designed to boost energy efficiency while decreasing emissions receive various forms of support and incentives. The policies both speed up smart technology adoption in traditional manufacturing environments and expand market access by reducing the entry barriers for SMEs. Stay Updated on The Latest Smart Manufacturing Market Trends: Geographical Insights: In 2022 the Asia Pacific region had the most significant market share in the industry at 36.7%. The growth rate in this region stands out as the highest among all during the forecasted period. India and China represent emerging markets with immense potential for smart manufacturing and are actively pursuing full automation capabilities. The goal of these countries is to become self-reliant in production capabilities and manufacturing systems which drives them to make substantial investments in Industry 4.0 technology. Latin America stands to achieve an impressive CAGR of 15.3% throughout the forecast adoption of innovation and automation technologies in Latin America's market is accelerating which results in a substantial transition to smart manufacturing. The ongoing technological revolution in this region is producing growth opportunities at an unmatched speed. The easy access to raw materials in Latin America serves as a key factor in promoting smart manufacturing technologies while boosting market growth. Global Smart Manufacturing Market Segmentation and Geographical Insights: Based on Component, the smart manufacturing market size is divided into Hardware, Software, and Services. The software segment has emerged as a leading contributor to the overall revenue, accounting for approximately 49.6% share in 2022. Based on Technology, the smart manufacturing market size is divided into Machine Execution Systems, Programmable Logic Controller, Enterprise Resource Planning, SCADA, Discrete Control Systems, Human Machine Interface, Machine Vision, 3D Printing, Product Lifecycle Management, and Plant Asset Management. The discrete control segment dominated the market share in 2022, accounting for a significant portion at 16.1%. Over the forecast period, this segment is expected to continue its lead as it provides an essential backbone for the overall system. Based on End Use, the smart manufacturing market size is divided into Automotive, Aerospace & Defense, Chemicals & Materials, Healthcare, Industrial Equipment, Electronics, Food & Agriculture, Oil & Gas, and Others. The automotive sector has consistently demonstrated its resilience, garnering over 24% of total revenue share in 2022. According to forecasts, this segment is poised for significant growth, with a projected CAGR of 15.6%. The Smart Manufacturing Market size is segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Purchase Premium Copy of Global Smart Manufacturing Market Size and Growth Report (2023-2030) at: Key Players and Competitive Landscape: The Global Smart Manufacturing Market is characterized by the presence of several major players, including: ABB Ltd. Siemens General Electric Rockwell Automation Inc. Schneider Electric Honeywell International Inc. Emerson Electric Co. Fanuc UK Limited These companies are adopting strategies such as new product launches, joint ventures, and geographical expansion to maintain their competitive edge in the market. Global Smart Manufacturing Market Recent Developments and Innovations: In December 2024: ABB from Switzerland partnered with Engineering Software Steyr GmbH from Austria to advance automotive paint shop automation. The partnership between ABB and Engineering Software Steyr GmbH combines Steyr's paint shop simulation tools with ABB's RobotStudio platform to optimize operations and improve sustainability in automotive manufacturing. In October 2024: The German industrial giant Siemens recently signed an acquisition deal to take control of Altair Engineering Inc. from the United States which specializes in industrial simulation and analysis software. The acquisition will boost Siemens' position in industrial software by improving its AI-driven design and simulation tools and accelerating digital and sustainable transformation efforts. In October 2024: Mitsubishi Electric Corporation from Japan made an investment in Formic Technologies Inc. The startup from the United States provides subscription-based industrial robotics solutions. This partnership seeks to reduce automation costs and increase accessibility so manufacturers can overcome workforce shortages. In September 2024: SAP (Germany) completed the purchase of WalkMe Ltd. (US) to incorporate WalkMeX technology into SAP's Joule copilot for enhanced intelligent workflow assistance based on situational awareness. The acquisition enables SAP to further refine user experience while advancing software adoption and fostering business transformation. In August 2024: Cisco Systems Inc., a U.S. corporation has completed the acquisition of Roboust Intelligence Inc. Cisco Systems (US) solidifies its dedication to responsible AI by adding advanced AI security and governance into its Security Cloud which enhances defenses against emerging AI threats. By accelerating innovation and streamlining operational processes organizations can now deploy AI applications with greater security and confidence. For Region-Specific Market Data, Check Out Brief Sample Pages: Smart Manufacturing Market Report Scope Report Attribute Details Market size value in 2023 USD 297.20 billion Revenue forecast in 2030 USD 787.54 billion Growth rate CAGR of 14.9% from 2023 to 2030 Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends Segments covered By Component, By Technology, By End-Use, By Region Regional scope North America; Europe; Asia Pacific; Latin America; Middle East & Africa Key companies profiled ABB Ltd; Siemens; General Electric; Rockwell Automation, Inc.; Schneider Electric; and, Honeywell International Inc., among others. Frequently Asked Questions (FAQs): 1. What is the forecasted market size of the Smart Manufacturing Market in 2030? The forecasted market size of the Smart Manufacturing Market is USD 787.54 billion in 2030. 2. Who are the leading players in the Smart Manufacturing Market? The key players in the Smart Manufacturing Market include, ABB Ltd; Siemens; General Electric; Rockwell Automation, Inc.; Schneider Electric; and Honeywell International Inc., among others. 3. What are the major drivers for the Smart Manufacturing Market? The expansion of industrial automation is propelled by multiple core elements as Industry 4.0 technologies gain wider acceptance and governments increase support for automation while manufacturing processes increasingly integrate automated systems. 4. Which is the largest region during the forecasted period in the Smart Manufacturing Market? The Asia Pacific Smart Manufacturing Market is expected to dominate the Global Smart Manufacturing Market, as it is expected to represent more than 36.7% of global market revenues. 5. Which is the largest segment, by component, during the forecasted period in the Smart Manufacturing Market? The software segment has emerged as a leading contributor to the overall revenue, accounting for approximately 49.6% share during the forecast period. Need A Diverse Region or Sector? Customize Research to Suit Your Requirement: Conclusion: The global smart manufacturing market experiences a deep transformation through the integration of advanced technologies like Industrial Internet of Things (IIoT), artificial intelligence, cloud computing, and advanced data analytics. Real-time decision-making capabilities along with predictive maintenance functions and improved process optimization techniques now serve various industrial sectors through these technological advances. Manufacturers turn to intelligent systems that automate processes and establish machine-to-machine communication while utilizing data analysis because they face increasing demands to improve operational efficiency and ensure supply chain resilience and sustainable practices. The combination of cyber-physical systems with digital twins drives rapid progression towards manufacturing environments that are both agile and responsive. The long-term success of Industry 4.0 smart factories depends on workforce upskilling, strong cybersecurity measures, and scalable digital infrastructure. The global production landscape is experiencing a transformation due to smart manufacturing which boosts productivity while minimizing expenses and stimulating innovation across various established and new industries. The report from The Research Insights, therefore, provides several stakeholders— manufacturers, technology providers, system integrators, regulatory bodies, industry associations, and end-use industries—with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities. With projected growth to US$ 787.54 billion by 2030, the Global Smart Manufacturing Market represents a significant opportunity for startups, venture capital firms, research institutions, digital transformation consultants, and IoT/AI platform developers, can position themselves for success in this dynamic and evolving market landscape. Check out more related studies published by The Research Insights: Artificial Intelligence in Manufacturing Market: The Global Artificial Intelligence in Manufacturing Market is expected to reach at USD 47.88 billion by 2030, according to a new report by The Research Insights. It is projected to expand at a CAGR of 46.5% during the forecast period. Advanced production facility technologies fuel the current trend as advanced analytics, augmented and virtual reality experiences, intelligent packaging solutions and additive manufacturing methods serve as key contributors Manufacturing Automation Market: The Global Manufacturing Automation Market is expected to reach at USD 23.96 billion by 2030, according to a new report by The Research Insights. It is projected to expand at a CAGR of 9.7% during the forecast period. This trajectory is driven by a trifecta of factors including, Industry 4.0's transformative impact, the widespread adoption of next-generation networks (NGNs), and an unwavering focus on optimizing resource utilization and efficiency. U.S. Smart Manufacturing Market - The U.S. smart manufacturing market is poised for significant growth, with an estimated value of USD 62.26 billion in 2023. Projected at a compound annual growth rate (CAGR) of 13.2% from 2024 to 2030, this sector is expected to expand substantially over the next seven years. The primary driver behind this momentum is the widespread adoption of Industry 4.0 technologies. Governments are increasingly providing support for these initiatives, while manufacturers are emphasizing automation in their production processes. Browse More related reports on Technology Industry Market Reports – About Us: The Research Insights provides thoroughly conducted research which is backed up by real-time statistics and data. Our experts are eager to help you with any information required under the sun. The key to our success is keeping abreast with the markets, industries, and ever-changing consumer trends that matter. Our market research professionals have in-depth knowledge and expertise across various domains that includes IT and Telecom, Emerging Technologies, Consumer Offerings, Manufacturing and Others. We are committed to reviewing the scope and procedure of the research studies that you select and provide you with an accurate guidance in order to assist you in taking the correct business decisions. Contact Us:If you have any queries about this report or if you would like further information, please contact us: Contact Person: Kaushik RoyE-mail: sales@ +1-312-313-8080Press Release: Latest News: | | Logo: View original content: SOURCE The Research Insights Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Al Etihad
29-05-2025
- Business
- Al Etihad
ADIO, Metal Park to establish Industry 4.0 Competence Centre in Abu Dhabi
29 May 2025 16:13 ABU DHABI (WAM) The Abu Dhabi Investment Office (ADIO), in partnership with Metal Park Investment ME Ltd, announced the establishment of a dedicated Industry 4.0 Competence Centre in Abu advanced technology hub will play a central role in accelerating the digitalisation of the metal manufacturing sector, supporting the emirate's ambition to lead globally in next-generation industrial centre reflects a shared commitment to enabling manufacturers with Industry 4.0 technologies, empowering businesses to thrive in an increasingly digital and data-driven industrial facility spans over five million square feet within Metal Park's purpose-built industrial zone in KEZAD, located approximately eight kilometres from Khalifa centre is exclusively tailored to the needs of the metal manufacturing value chain, offering specialised infrastructure and digital environments to enable rapid prototyping, pilot testing and scale-up for Industry 4.0 a gateway to Abu Dhabi's dynamic industrial ecosystem, the Competence Centre will provide a robust platform for the development, testing and scaling of technologies such as robotics, the Industrial Internet of Things (IIoT), predictive maintenance, digital twins, AI-enhanced production optimisation and autonomous centre will also serve as a centre of excellence for capacity building, equipping the workforce with the skills required to operate in a digitally-enabled industrial initiative aligns with the Abu Dhabi Industrial Strategy (ADIS), and the centre is poised to play a critical role in contributing directly to the strategy's objective of doubling the manufacturing sector's GDP contribution to Dh172 billion by Industry & Trade Officer at ADIO, Mohammad Al Kamali, said, 'Abu Dhabi is entering a new era of economic transformation where innovation, sustainability and advanced technology define our industrial future. This partnership with Metal Park exemplifies how ADIO empowers the private sector to scale globally competitive operations from Abu Dhabi.'Chairman of Metal Park, Saleh Shahrestani, added, 'The Competence Centre will be a cornerstone of technological progress in the regional metal industry. Together with ADIO, we are creating an enabling environment for industrial players of all sizes to develop, validate and implement cutting-edge solutions that augment Abu Dhabi's role as a leading global hub for advanced manufacturing.' Scheduled for completion in Q4 2025, the centre will support Abu Dhabi's transformation into a globally integrated, export-driven economy, offering investors direct access to strategic partnerships, world-class infrastructure and a progressive regulatory environment.
