Latest Manufacturing Technology Trends in 2024

The manufacturing industry faces multiple challenges while working on manufacturing projects. To overcome these problems, manufacturers are improving their processes and efficiency.

As we move forward, we will discuss how the latest technologies are helping the manufacturing sector grow.

By implementing these technologies, manufacturing companies can complete their projects with less effort, cost, and time.

After the COVID-19 pandemic, the manufacturing industry encountered new problems and opportunities. In 2024, most manufacturing companies in the USA will transform their business by adopting recent trends, technologies, and innovations.

Read on to find what we believe have been the top manufacturing technology trends in 2024.

Use of Software in Manufacturing

Software is powerful in a manufacturing company. A survey conducted by Gartner Digital Markets shows that 54% of manufacturing companies are ready to spend 10% or more on manufacturing software in 2024.

Below is a small list of Manufacturing software:

1. Acumatica

2. Unleashed

3. SYSPRO

4. ERPNext

5. Eresource

Manufacturers are prioritizing software that provides the best business analytics and competitive intelligence.

The biggest challenges manufacturers face when purchasing software are identifying the best technology(47%) and its compatibility with their existing systems(44%).

AI in the Manufacturing Industry

AI algorithms can help manufacturing companies save time and resources by minimizing the production and cost impacts caused by unexpected downtime and machine failure.

These algorithms are useful for analyzing past data and predicting equipment failure before it occurs. This proactive step can extend the lifespan of machinery and reduce the manufacturer's cost, time, and resources.

Utilizing AI in the quality control process ensures that products are defect-free. Machine learning algorithms can detect all faulty products, eventually increasing customer satisfaction.

Robotics and Automation

Robotics in manufacturing is the result of highly advanced hardware and software. Highly collaborative robots, also known as cobots, increase accuracy and production.

These robots work alongside human workers, ensuring safety and increasing production efficiency.

Automation in manufacturing can help human workers to focus more on complex tasks. This will increase productivity and efficiency. Automating repetitive and dangerous tasks can reduce the probability of workplace accidents and injuries.

Use of AR, VR, and Mixed Reality

Augmented Reality(AR), Virtual Reality(VR), and Mixed Reality are transforming the manufacturing industry by providing practical ways to train employees. Virtual learning offers risk-free training, allowing new manufacturers to familiarize themselves with manufacturing machinery and its process before entering the production floor.

Virtual reality facilitates new workers' learning machinery in 3D space. This technology benefits engineers and designers, allowing them to imagine and interact with their creations.

AR enables real-time guidance for maintenance and repair tasks. Technicians facilitate this with AR devices that can scan all the relevant instructions and information, assisting in faster and more accurate problem resolution.

Application Cybersecurity in Manufacturing

As the Manufacturing industry continuously expands and adapts to new technologies, it is crucial to focus on cybersecurity. Companies should train their employees about the importance of data security. This can help them prepare for and reduce potential risks.

Securing sensitive information, intellectual property, and operational systems from cyber attacks is essential; avoid this by implementing robust cybersecurity techniques involving multiple technologies, policies, and employee awareness.

Encryption, secure network protocols, and regular cybersecurity training are important in technology-oriented manufacturing.

Use of Analytics & Big Data

Data Analytics and Big Data drive major change in manufacturing companies by providing them with the tools to make informed decisions and prepare processes accordingly.

By analyzing past data on manufacturing machinery and production, manufacturers can predict the future use of machines and the amount of output. This will save time and cost, leading to more ROI for the companies.

Big data can help manufacturers in various ways, such as providing faster customer support, designing and producing quality products, and performing predictive maintenance.

Big data and data analytics play a crucial role in supply chain management. By analyzing past data on transportation, suppliers, and inventory levels, manufacturers can gain insights into their supply chain operations that were previously not considered.

FAQs

What is the latest technology in manufacturing in 2024?

Nowadays, manufacturers are using AI to predict unpredicted downtime and machine failure. Robotics also plays a crucial role in the manufacturing industry, providing a safe environment for human workers and performing high-risk jobs.

What is the next big thing in the Manufacturing sector?

Manufacturing companies are shifting from machine-based assembly lines to "smart factories," using AI, Robotics, Augmented Reality, Virtual Reality, Big Data, and other Cutting-Edge technologies.

What are the ways to increase ROI in manufacturing?

Manufacturing companies should adopt new technologies such as Artificial Intelligence, Machine Learning, Big Data Analytics, AR(Augmented Reality), and VR (Virtual Reality) to increase their return on investment. These technologies vastly impact production costs and time in a positive way.

Conclusion

Applying technologies in manufacturing is essential to keep up with the ever-evolving industry.

Technologies like AI, Big data, Robotics, AR, VR, etc., can help companies grow in a competitive market.

The manufacturing industry can succeed in this transforming world by effectively and accurately applying these latest technologies. Multiply technologies in your traditional manufacturing techniques to enhance your manufacturing business.