Cost-cutting drives automation industry
Technological advancements such as machine to machine communication enable smart factories to eliminate wastage of time caused due to the delay in the process change.
One of the major factors driving the growth of smart factory market is the increasing need for improving efficiency and energy saving in the manufacturing process. Automation has enabled manufacturing units to utilize every second of production time through efficient streamlining of the manufacturing process.
Smart factories are affordable and offer fully integrated automation solutions for manufacturing facilities to streamline the flow of materials during the manufacturing process.
Smart factories are characterized by increasing the use of technology and field devices to offer complete automation in manufacturing process.
By incorporating cyber physical system into the forefront of manufacturing flow, smart factories are able to connect every process and component across the value chain.
This interconnection of information and production has revolutionized the automation industry and thereby, facilitated manufacturing units to perform at an optimum level. Moreover, manufacturing companies are able to achieve shortest time to market and zero waste production through smart factories.
With its immense applications in industries such as automotive and transportation, packaging, mining of minerals and metals, chemicals, pharmaceuticals and process industries such as oil and gas, the smart factory market is expected to experience immense growth in coming years
Automation in smart factories makes the use of various control devices such as sensors, motors, drives, switches and relays and networks technologies such as wired, wireless and radio frequency identification (RFID). Integrated systems such as Manufacturing Execution System (MES), Information Technology (IT) system, Programmable Logic Control (PLC), Enterprise Resource Planning (ERP) and Supervisory Control and Data Acquisition (SCADA) are designed to meet the specific requirements of a manufacturing unit.