ABI Research will attend the Hannover Messe 2024 exhibition in late April to evaluate the most transformative technologies shaping the industrial markets. This article shares our analysts' predictions for the event. Before we get to those expectations, here is a word from ABI Research Chief Research Officer Stuart Carlaw.
Every week, countless technology stories emerge across industries around the world. However, identifying and reading each development can be challenging while balancing your other day-to-day tasks. But if you want to stay ahead in your industry and evaluate the most promising technology solutions for your organization, it’s vital to keep up with the latest and greatest tech.
Update: Identify emerging manufacturing trends in 2025 in this blog post.
Although we are out of the vise grip of the COVID-19 pandemic, manufacturers continue to face immense challenges, notably labor shortages, regulatory shifts, trade disputes, supply chain complexity, etc. To help address these challenges, industrial and manufacturing companies are investing in digital transformation. Digital transformation is in full swing in numerous manufacturing sectors, including semiconductor, automotive, mining, pulp and paper, cement, metalworking and machine tools, and many more industries. ABI Research covers the latest technology trends that will determine the fate of manufacturers’ digitalization journey.
Digital transformation is in full swing in the mining industry. Most of the top mining companies are searching for talent with experience in technologies like data analytics and Artificial Intelligence (AI). The search for tech talent stems from a wave of challenges that cast doubt on the future of mining and metals operations. Mining firms realize that in the face of macroeconomic uncertainty, geopolitical instability, and an aging workforce, automation is essential to remaining competitive. This article sets out to help you envision what digital transformation means for mining operations in two ways. First, by explaining the most urgent market drivers of digitalization in the industry. Secondly, by listing the most digitalized mining firms worldwide ABI Research has assessed.
According to World Semiconductor Trade Statistics (WSTS), semiconductor manufacturing is expected to be a US$557 billion industry in 2023. In the wake of sweeping demand for semiconductors, manufacturers and their technology suppliers must accelerate their production processes, while balancing a tightrope between geopolitical trends and adhering to sustainability initiatives. The Asia-Pacific region remains a critical aspect of the semiconductor value chain; however, huge efforts in reshoring production plants (foundries) to North American and Western European soil are shaping a very different-looking industry.
In an ideal world, industrial and manufacturing firms could simply focus on producing goods and maximizing their profits through innovation. However, that’s not the world we live in, and they face several manufacturing challenges that they have little to no control over. Firms can prepare to act upon them by first identifying and evaluating the most significant issues. From there, strategic steps can be taken to ensure that production plants and supply chains are equipped with the technologies needed to build operational resiliency. With this post, I’ll walk you through five of the most highly impactful manufacturing challenges to be aware of in 2023 and pinpoint which vertical markets experience the greatest inconvenience from each of them.
More than 50,000 technology innovators and decision makers rely on ABI Research for deep insight and analysis of transformational technologies and key markets. In addition, we also provide an impartial and expert perspective on the companies that are shaping these technologies and industries.
In chemical manufacturing, potential failure can happen in many operational areas. This is because of the complex nature of chemical production and the large number of assets deployed in a chemical plant. To reduce the frequency of manufacturing inefficiencies, the chemical industry should invest in digital transformation. Beyond operational efficiency, digital transformation in the chemical industry helps companies meet other agendas, such as workplace safety, sustainability goals, and tackling labor shortages.
In the technology space, it’s vital that your organization stay on top of prevailing trends in your respective industry. This extends to keeping tabs on the competition or, if you’re seeking a solution provider, weighing your options. That’s why ABI Research released its 40 Technology Companies To Watch In 2023 whitepaper to better understand which tech firms are winning in terms of innovation and implementation of their technology products/software.