Overall market expansion is limited, but manufacturers investing in robotics and automation to make the most of opportunities, says new report
Manufacturers are making the most robotics, 3D printing and artificial intelligence in an attempt to make the most of limited overall market growth, according to a new report by KPMG.
The business consultancy conducted a survey which asked which technologies manufacturers will turn to in the hope of increasing market share.
Among the results were 3D printing, robotics and AI.
Harald von Heynitz, head of industrial manufacturing, KPMG in Germany, says: “Taking advantage of advances in robotics, 3D printing and AI is critical to driving greater efficiency, lowering costs and improving safety for many sectors and particularly niche suppliers.
“But it is not just about performance and efficiency; investments into new manufacturing technologies are also a way to enhance agility, flexibility and speed to market when designing and launching new products and services.”
For example, many manufacturers now leverage 3D printing to create prototypes overnight rather than spending days retooling, adds von Heynitz.