cens logo


Market Value of Smart Manufacturing Will Reach US$250 B. This Year

Mar 07, 2018 | By CENS

Mainly on the popularization of mobile Internet around the world as well as slumping prices of internet components, application of data analysis is rising to become the key element in the development of the smart manufacturing industry, with some market researchers predicting market size of smart manufacturing to reach US$250 billion this year.

To achieve smart manufacturing, ever more manufacturing companies worldwide have been introducing advanced machine equipment enabled by Internet of Things (IoT) in their factories.

In light of the trend, Market Intelligence & Consulting Institute (MIC) forecasted that the number of smart manufacturing plants in the world will continue to surge at an annual growth rate of 10 percent in the years to come.

By 2018, production value by the global smart manufacturing industry will surpass US$250 billion (NT$731 billion), while industrial robots and automatic manufacturing equipment will together account for over 90 percent of the total, the institute estimated.

The continued global economic growth over the past few years is regarded as one of main factors that have motivated manufacturing companies to increase their capital expenditures. Meanwhile, steady rise in labor costs in most of the countries in the world has also forced them to raise investments in automatic machinery.

Plus, since the U.S. began to promote the reindustrialization and encourage the return of manufacturing jobs in 2009, world's major industrialized countries have launched related programs that involve the utilization of Information and Communication Technology (ICT), in hopes of boosting value-added of domestic manufacturing industries through integrating resources from different fields.

It is safe to say that the said trends have lit up the fourth industrial revolution, with the global manufacturing industry hailing the advent of a new era of smart manufacturing.

In 2013, Germany came up with the concept of Industrial 4.0 at Hanover Fair, one of the world's largest industrial trade fairs held in the country, explaining that by taking advantage of IoT, factories will be able to learn and figure out the most effective way to produce products, and hence evolve into the so-called “Smart Factory.”

Worth mentioning is that the rise of Industrial 4.0 has triggered a new boom in the sector of industrial computers, as such products are absolutely necessary in industrial automation.

With capability to lower manufacturing costs and enhance productivity, application of IoT in manufacturing activities will undoubtedly change the manufacturing industry's business models, and, in turn, spur more market demands for industrial computers.

CTBC Financial Holding Co., Ltd., a holding company principally engaged in the finance industry, noted that benefiting from the emergence of IoT and Industrial 4.0, market value of industrial computers will climb steadily in the future.

On another front, IHS, an industrial research institute, said that the global market for industrial computers will show an annual compound growth rate of 6 percent during 2014-2019, and reach US$4.3 billion (NT$125 billion) by 2019.

news-photophoto provided by UDN.com


Industry Reports

China's New Face of E-Commerce Sees Rise of Smart Lockers

Dec 10, 2018

With the rise of the “unmanned economy” in China, new trends in the self-pickup market like the “smart shelf” are giving way to the “smart locker,” which has combined Internet of Things and AI technology. Chinese e-commerce JoyBuy Go has built a reputation based on its embracement of unmanned economy, its “smart shelf” that was introduced to the public last November has seen an upgrade to “sma...


Local Manufacturing Sector Flashes 5th Sluggish Growth

Nov 29, 2018

With the ongoing U.S.-China trade dispute, uprooted financial sector, sluggish sales for the new Apple smartphone, the manufacturing industry sees a pessimistic forecast for the next six months. This has led to the local manufacturing sector to flash a “yellow-blue” light in October, said Taiwan Institute of Economic Research (TIER) on Thursday, making this the fifth consecutive month of slugg...


Archee International Cements Position as Go-To Rep of Auto Suppliers

Nov 27, 2018

Archee International Co., Ltd. is a young and passionate company specialized in all kinds of auto parts including a wide range of lighting products, auto mirrors, AM body parts, replacement components, and cooling systems. Archee has cemented its position as the go-to representative for manufacturers of products such as replacement automobile parts, performance automobile parts, and design par...



Industry In-Focus

China's New Face of E-Commerce Sees Rise of Smart Lockers

Dec 10, 2018

With the rise of the “unmanned economy” in China, new trends in the self-pickup market like the “smart shelf” are giving way to the “smart locker,” which has combined Internet of Things and AI technology. Chinese e-commerce JoyBuy Go has built a reputation based on its embracement of unmanned economy, its “smart shelf” that was introduced to the public last November has seen an upgrade to “sma...


Local Manufacturing Sector Flashes 5th Sluggish Growth

Nov 29, 2018

With the ongoing U.S.-China trade dispute, uprooted financial sector, sluggish sales for the new Apple smartphone, the manufacturing industry sees a pessimistic forecast for the next six months. This has led to the local manufacturing sector to flash a “yellow-blue” light in October, said Taiwan Institute of Economic Research (TIER) on Thursday, making this the fifth consecutive month of slugg...


Archee International Cements Position as Go-To Rep of Auto Suppliers

Nov 27, 2018

Archee International Co., Ltd. is a young and passionate company specialized in all kinds of auto parts including a wide range of lighting products, auto mirrors, AM body parts, replacement components, and cooling systems. Archee has cemented its position as the go-to representative for manufacturers of products such as replacement automobile parts, performance automobile parts, and design par...



Supplier News

Antrc Industrial Corp. Aims for High-End Auto Parts Industry for Asian Markets

Dec 05, 2018

Antrc Industrial Corp. focuses on manufacturing plastic parts, metal parts and other automotive parts in the aftermarket industry. The firm can roll out parts and products that match with customers’ needs and the industry pulse in this changing and competitive market. Having deep roots in the AM industry, Antrc can deliver with its complete supply chain, from designing, molding making and finally...

ANTRC INDUSTRIAL CORP.


Brake Maker Nan Hoang Rides on Biz Upswing to Offer More Clients the Best

Dec 04, 2018

For more than five decades, Nan Hoang Traffic Instrument Co., Ltd (NHC) has been one of the major manufacturers of specialty vehicle friction materials in Taiwan and around the world. Chairman Austin Cheng has been carrying out their “double-arrow developing plan” for this year. In one aspect, through its private label YangPo, NHC aims to adopt a more effective marketing strategy for selling own-...

NAN HOANG TRAFFIC INSTRUMENT CO., LTD.


Intime's Products Sought-after by Professionals Worldwide

Dec 04, 2018

Founded in 2013, Intime Auto Parts Co., Ltd., specializes in making performance brake calipers and performance shock absorber systems. Intime takes pride of its “n&b performance” series. The firm's n&b ceramic brake pads, which are made of low metallic NAO material, is capable of functioning without damaging the brake discs. Also notable is that the brake dust can be removed easily from the al...

INTIME AUTO PARTS CO., LTD.



Insiders' Views

Part 1 Megvii Technology Founder Interview: Face++ AI Facial Recognition sets eye on Asia, starting with Taiwan

Sep 07, 2018

Using facial recognition to remove security checks and recognizing criminals sounds like technological applications out of a movie, though much of it is already implemented in everyday life. Having been founded for only seven years, Megvii Technology Limited, or more commonly known for its facial recognition and AI application Face++, owns critical technology by combining both, and now, recently ...

FOXCONN TECHNOLOGY


Megvii Technology Founder Interview Part 2: Face++ AI Facial Recognition sets eye on Asia, starting with Taiwan

Sep 07, 2018

Tang Wenbin, founder and CEO of Megvii Technology, will be visiting Taiwan next week, but accepted an overseas interview with Economic Daily News on Sept. 6. This is the second installment of the interview. Aiming for a complete application; forming a city’s “brain” Q: What are the goals and strategy for the next phase? A: When the company first started off, we had to find a way to impl...

FOXCONN TECHNOLOGY


MPN's Editor-at-large Provides Holistic, In-depth Insights into U.S. Market for Powersports

Industry veteran suggests Taiwanese suppliers establish market presence as priority

May 24, 2018

One of the concurrent events held during the 13th Taiwan International Motorcycle Industry Show (Motorcycle Taiwan 2018), the seminar titled “Turning New U.S. Powersports Business Opportunities” was rounded off with overwhelming acclaim from the audience as a resounding success, mostly thanks to the excellent quality of the lecturers invited, all of whom are seasoned veterans and experts at high ...



Exhibition Highlights

The 19th Fastener Trade Show Suzhou - China's leading one-stop purchasing platform for fasteners, machinery and supporting products

Dec 05, 2018

Highlights of the Show: Highlight 1: Large Scale 12,000 sqm exhibition area at 2 exhibition halls, expected 400 exhibitors & 12,000 professional visitors Highlight 2: International 50% of the exhibitors are export-oriented companies, visitors cover over 30 countries and regions Highlight 3: One-stop Platform for Purchasing Full range of exhibits, including fasteners, equipment, molds ...


CENS.com Makes Biz Talks Easier with B2B Matching at Automechanika Shanghai

Nov 30, 2018

Automechanika Shanghai, Asia’s biggest automotive parts, repair and maintenance, and auto products show, kicked off on Nov. 28 at the Shanghai National Exhibition and Convention Center and will last until Dec. 1 for four days. Expectations suggest the show to attract 140,000 professional visitors. As always, Economic Daily News (CENS.com) has attended another year of Automechanika Shanghai and co...


TTG Gives Taiwanese AAPEX Exhibitors a Leg Up

Nov 01, 2018

Taiwan Transportation Equipment Guide (TTG), having been founded for 33 years, is Taiwan’s first magazine dedicated to professional auto parts. The magazine can be obtained at the Economic Daily News (CENS.com) booth on the AAPEX show grounds. Combined with online and hardcover publications, CENS.com aims to boost Taiwan’s auto parts suppliers’ promotion to its highest. Since its first publica...