Advanced technology now plays a crucial role in manufacturing, as the manufacturers wants to attain optimal industrial productivity. To expand the business and to reach optimal level of production, manufacturers have started using smart manufacturing techniques. To track the production process, manufactures have started using computerized systems and advanced manufacturing technologies provide them better quality, agility, and speed of manufacturing.
Growth of smart manufacturing is seen in both developed and developing nations. Moreover, positive government support and rising investment in promote the use smart manufacturing measures is most likely to accelerate the growth in this market.
Among the various industries such as automotive, pharmaceuticals, aerospace and defense, food and beverages, and consumer electronics, highest demand for smart manufacturing is seen in aerospace and defense sector. Rising need for quality-controlled and customizable equipment made the aerospace and defense sector highest consumer of smart manufacturing.
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Simulation, modeling, and 3D printing in manufacturing has drawn attention of the leaders operating in the aerospace and defense sector. Moreover, availability to get the real-time analytics and digital-twin has also grabbed attention of players in this sector that benefit in making advanced products.
Use of advanced technology has further boosted the manufacturing process and provides high quality products in decent period. Adding further to the growth factors, penetration of digitalization and increasing investment to develop advanced equipment used in the defense will drive the demand for smart manufacturing.