Manufacturing is one of the biggest US industries. Click here to learn the biggest manufacturing industry trends and get some projections for the future market.
Did you know the manufacturing industry employs 8.51% of the workforce in the United States?
Because the manufacturing industry is a big part of the economy, it’s essential for it to stay on top of the latest market trends. If you want to learn how to stay on top of these trends, you came to the right place.
Read on to learn about the manufacturing industry trends taking 2020 by storm.
- Wearable Technology
One of the biggest manufacturing trends in 2020 is wearable technology. Wearable devices include headsets with heads-up displays, smartwatches, and more.
The purpose of wearable technology is to increase productivity, safety, and efficiency in the workplace. With the help of wearable technology, manufacturers can track activities and collect valuable information.
- Machine Learning and AI
Due to the size of the manufacturing industry, experts have put more emphasis on the development of machine learning and AI.
AI and machine learning will help improve analytics and efficiency across many departments of the manufacturing industry, such as client relations, factory floor, and supply chain.
AI will make it possible for many tasks to be automated and reduce the amount of time it takes to perform such tasks.
- Predictive Maintenance
In 2020, the manufacturing industry is putting more emphasis on predictive maintenance.
Predictive maintenance is a company’s ability to predict the equipment’s future failures, so they can mitigate downtime.
The purpose of predictive maintenance is to help manufacturers optimize maintenance needs in realtime, to minimize downtime as much as possible.
Predictive maintenance also identifies patterns and identifies issues before they take place.
- 5G and Smart Manufacturing
The implementation of 5G technology has also improved the manufacturing industry. 5G technology will help transform the manufacturing industry by helping it connect through other organizations.
It will help make cloud utilization more accessible, centralized tracking, and quality inspection.
For example, this manufacturing company, for example, has taken advantage of 5G to improve its bandwidth, capacity, minimum latency, and more.
- 3D Printing Technology
The manufacturing industry will turn to 3D printing technology in 2020. 3D printing will allow manufacturers to cut costs and create faster prototypes.
Rather than sending out their commodities for production, designers will have the option of printing on-site to test and troubleshoot.
3D printing will cut production time in half as more and more sectors adopt this technology.
In 2020, the manufacturing industry will put more effort and resources toward cybersecurity.
During the first half of 2020, 3.2 million records were compromised during security breaches. Because manufacturers rely on technology more than ever, it’s important they take the extra steps to protect their files.
Aside from investing in the latest cybersecurity technology, manufacturers will also put their efforts into employee training and education. It’s important they educate employees on how to protect data against cyber attacks.
Top Manufacturing Industry Trends of 2020
Now that you know about these top manufacturing industry trends of 2020, it’s time you implement them.
The latest manufacturing trends include cybersecurity, 3D printing, 5G, and smart manufacturing, wearable technology, and more.
If you enjoyed these manufacturing industry tips and would like to learn more, check out the rest of our blog.