2022 has proven to be both positive and disruptive for the manufacturing industry. Despite the pandemic, recession fears, supply challenges, a tight labor market, and economic instability, manufacturing companies continue to survive and evolve in the “new normal.”
In 2022, Industry 4.0 helped transform many manufacturing businesses. Industry 4.0 has enabled manufacturers to embrace advanced technologies for more intelligent automation and increased business connectivity. What is next for the manufacturing industry? Let’s look at the top manufacturing trends for 2023.
Manufacturing Industry Trends to Watch for in 2023
1. IoT (Internet of Things) Will Grow Bigger
Computers were the first devices to connect to the internet, and today, our homes are also filled with connected appliances, smart televisions, alarms, and cameras. In 2023, it is predicted that over 43 billion devices will be connected to the internet. IoT is one of the top trends in the manufacturing industry. It enables enterprises to leverage real-time data and make informed decisions, provide better safety, improve the operational efficiency of manufacturing processes, and reduce costs. A recent study indicated that 31% of production processes leverage smart devices. Another 34% of manufacturers plan to incorporate IoT technology in their operational processes. The COVID pandemic has also led to the increased usage of IoT for remote connectivity.