We live in the 4th Industrial Revolution, which means that technology is evolving rapidly. Businesses and individuals that don't stay updated with the major tech trends risk fading in the competition.
Understanding the key trends allows businesses to grab the opportunities. Today's companies need to keep up-to-date with the electronic manufacturing industry, especially since it's the fastest-growing industry.
We discuss the seven most popular trends you need to remember over the past year.
With more and more manufacturers focusing on utilizing "smart technology,'’ there is a brand new design opportunity for the electronics industry.
The electronics industry as a whole has experienced incredible technological innovations, including IoT, AI-powered tech, AR and VR, blockchain, and more.
These state-of-the-art electronics collectively help improve the workplace and individual efficiency and performance. Some experts even refer to the current era as a 'technological renaissance.'
Curiosity and innovation fuel the electronics industry, allowing manufacturers and companies to research, develop, and design new and improved products.
The electronics industry encompasses the following key segments:
· Semiconductor supply and manufacturing
· Industrial equipment
· Networking and communication equipment
· Computer and office products
· State-of-the-art medical devices
· Home appliances
These segments offer the following significant benefits:
Improved Efficiency and Productivity
Human labor naturally includes a margin of error that electronics are less likely to make. For instance, your machines don't feel tired, get distracted by personal problems, or need food and water breaks.
So, when it comes to repetitive work that requires significant human resources, computers can get more jobs done precisely in less time. Therefore, leveraging automation in situations with high accuracy helps improve efficiency, productivity, and even revenue.
Greater Customization Opportunities
Today's consumer base expects personalized and customized products to best meet their needs. Thus, manufacturers have to meet these demands without reducing profit to succeed.
Luckily, smart factories driven by advancement in the electronics sphere enable manufacturers to produce flexible and customizable products, boosting automation by employing sensors and configurable robots.
Here we discuss the top four trends shaping the future of the electronics industry:
Internet of Things
With the Internet of Things, or IoT, you can connect everyday devices via the internet to efficiently transmit information.
IoT is slowly making its way into the electronic manufacturing sphere as more and more companies leverage it. Businesses implement the internet of things to increase device efficiency, cut costs, and improve consumer safety.
VR and AR
Virtual reality and augmented reality help manufacturers create consumer-friendly and customizable products.
Computer-aided designs allow creators to design accurate and timely changes, eliminate error, and reduce inspection.
Businesses globally utilize big data to draw necessary information from multiple sources. Electronic manufacturers are leveraging big data to minimize product costs while increasing market share effectively.
Not just this, but big data helps businesses overcome various issues by effectively predicting and preventing future challenges.
Adoption of Robotics
For years, manufacturers have relied on the automotive industry to develop industrial robotics.
But now, the electronic manufacturing world is also employing industrial robotics to boost sales, enhance efficiency, and increase revenue.
This is further spurred by the widespread introduction of robotics and computer science classes in middle and high schools worldwide. Students are now graduating with knowledge of how to code and build simple electronics projects, due to them being taught from an early age and the accessibility and affordability of parts and kits.
While these trends seem ordinary, they collectively ensure product efficiency, achieve product precision, reduce waste, and boost sales.
Let's discuss the top revolutions in the electronics industry easing our day-to-day tasks:
The advancement of microelectronics drives the innovation of display technology. With the help of microelectronics, manufacturers can create thinner, higher quality, and sharper image displays.
Moreover, combining microelectronics with semiconductors drives thinner, low energy consumption and lighter displays.
Microelectronics technology is cost-effective and easy to implement, enabling manufacturers to boost production capacity.
Before the critical developments in the electronics industry, manufacturers and consumers believed that the bigger the gadget, the more powerful it would be.
The mainframe computers and TVs used to be big enough to occupy a room. But today, electronics are transforming the world for the better, enabling users to carry smaller and more innovative tech.
Innovation into Wearable Designs
Microelectronics lays the groundwork for wearable electronics. Today, more and more manufacturers, including Samsung, Sharp, LG, and Japan Display, invest in wearable technology.
Thus, manufacturers are introducing wearable wristbands, wearable display devices, wearable LCDs, and more to ease your everyday life.
The growth of AI in the electronics industry helps improve product services, automates processes, and enhances functionalities.
Today's electronic manufacturers leverage AI to produce smarter devices boasting state-of-the-art features, face recognition options, and personalized recommendations.
Industrial and collaborative robots have paved their way into the electronics industry to ensure high levels of uptime, fewer defects, better ROI, and minimal waste.
Predictive maintenance enables electronics manufacturers to identify potential issues proactively. Thus, companies can deploy maintenance services effectively while improving equipment uptime.
Research reveals that the electronics industry will likely experience a whopping 5% year-on-year growth in 2022. The increasing development and application of electronics gave birth to various devices, including wearable electronics, flexible technology, wireless charging, smart lighting, and more.
The microelectronics industry enables manufacturers to create innovative and creative products.