Manufacturing is expected to emerge as the main consumer of the technology particularly in end use industries over the years. IoT platforms enable data transfer through various connected devices, however, the manufacturers are increasingly inclined to promote wireless connectivity. IoT can also prevent major disruptions and sense initial signs of breakdown by using predictive maintenance and help in preventing unexpected downtime in industrial systems. IoT is improving the efficiency and reducing expenses in internal operations, which is a strategic requirement for manufacturing companies as it can help offer more value to the customers. <\/p>\n\n\n\n
![\"\"](\"https:\/\/www.theproche.com\/wp-content\/uploads\/2019\/09\/IOTMARKET.png\")
<\/figure><\/div>\n\n\n\nIoT has various advantages such as improving workforce service and productivity, reduce maintenance costs, and save energy costs, with applications in workshops, automobiles, and home automation. It is prominently adopted in manufacturing operational intelligence, enabling asset monitoring, remote servicing, and predictive maintenance. Government initiatives and recent innovations by major companies are anticipated to fuel the adoption of IoT technology globally.<\/p>\n\n\n\n
Favorable\nFDI policies along with various government schemes such as Make in India, Made\nin China 2025,Industry 4.0,Industrial Value Chain Initiative (IVI) in Japan,\nandSmart Cities Mission in India,are promoting the adoption of digital\ntechnologies across the industrial sector. Government initiative in Germany\ncalled \u2018Industrie 4.0\u2019 is aimed at smart automation, incorporating autonomous and\ndecentralized production,and data exchange in manufacturing technologies.In January\n2017, The European Commission has announced the Horizon 2020 Research and\nInnovation program for co-funding IoT pilots with a contribution of EUR 100\nmillion.<\/p>\n\n\n\n
The\nadoption of IoTin manufacturing offers an opportunity to automate many of the\ncomplex processes along with monitoring and providing asolution. This is due to\nits applications in industrial sector as the IoTtechnology is used for data\nhandling, business analytics,cloud services, and improving the industrial\nprocesses.<\/p>\n\n\n\n
How is Manufacturing Sector\nBenefiting from IoT Market?<\/strong><\/h3>\n\n\n\nIOT\nprovides various features and characteristics that can be used to maximize and\nenhance manufacturing. Some of the prominent features and characteristics of\nIoT are:<\/p>\n\n\n\n
- Tracking Tools &Fixtures<\/strong><\/li><\/ul>\n\n\n\n
Lack\nof tools or misplacement causes delays in the workflow, negatively affecting\nthe completion and shipping process. Many factories and plants have to rely on\nimportant tools for their daily operations and sometimes also have to use\ngovernment furnished equipment (GFE), which is an accountability for that\nequipment. This is where the ability to track such fixtures can help the\nmanufacturers. <\/p>\n\n\n\n
The\nIOT technology provides various work-in-progress tracking tools for\nmanufacturers that track the components to be integrated and build large or\ncomplex assets. Barcode scanning is also used to track work in progress in many\ncases but it does not enable quick access of a missing part. It can also be\nuseful in determining the wrong area to solve the issue along with avoiding\nwasted expense of actively tracking down misplaced parts. <\/p>\n\n\n\n
- Cold\nChain Monitoring<\/strong><\/li><\/ul>\n\n\n\n
IoT\ntechnology is used to ensure products that require pre-determined temperature\nrange are handled properly and stay the temperature limit. It ensures quality\nstorage, creation, and shipping process for temperature sensitive goods. Cold\nchain monitoring also helps to track the perishable products, eatables using\ndescriptive, predictive, and real time analytics to provide requirement based\nsolutions. <\/p>\n\n\n\n
- Process\nAutomation<\/strong><\/li><\/ul>\n\n\n\n
With\nthe advent of IoT, digital transformation has promoted productivity in\norganizations leading to simplified management processes. Companies wanting to\nexpand their profit margins face the challenge of creating innovative systems.\nIndustrial Internet of Things (IIoT) provides assistance by bringing more\nefficiency in systems and making the process of product promotion flexible and\naffordable. <\/p>\n\n\n\n
IoTenabled\nindustrial automation can offer integration of various commercial technologies\nacross major industrial applications, such as programmable logic controllers\n(PLCs).Increasing cost effective technologies are being used in operations and\nmaintenance since theyconsist of sensors, intelligent controls, and smart\nswitches. This is due to the requirement in industries that need systems for\ndetermining projected servicing time using predictive analysis.Organizations are\nkeen to integrate robotics, machinery, and human power to reduce operational\nefforts and manufacturing costs.<\/p>\n\n\n\n
Internet\nof Things is used in products and services in the form of computing devices,cloud\nbased engineering,sensors, and gateways for process automation. For low voltage\nmotors,some smart sensor are being developed that can be used to provide\nwireless condition monitoring data. The devices\ncan also be used with third party motors to transmit information. It can also generate\nnumber of alerts regularly when motors perform sub-optimally. Emerson Process\nManagement has introduced new wireless andlow cost sensors that can turn\nenormous amount of data into useful information. <\/p>\n\n\n\n
Conclusion<\/strong><\/h3>\n\n\n\nThe IoT market is witnessing high demand due to its ability of improving efficiency and enabling new services. IoT connects industrial devices, equipment, and consumer electronics,enabling information transfer and device management, which also helps improve and optimize processes in manufacturing industry. Many organizations and companies are taking advantage of the technology to increase productivity and efficiency. It is also being used to gain a deeper insight to customers\u2019 behavior patterns and needs. Workers under taking IoT training along with trained experts will benefit companies to expand their interests toward a better future. Companies are inclined to invest in IoT and R&D in order to gain advantage for expanding globally to strengthen their market presence. Some of the major companies operating in the market are Accenture PLC; Alcatel-Lucent; Google Inc.;General Electric; Samsung Electronics; Apple Inc.; Free scale Semiconductors;IBM; and SAP SE.<\/p>\n\n\n\n
Company Bio:<\/strong><\/h3>\n\n\n\n
Lack\nof tools or misplacement causes delays in the workflow, negatively affecting\nthe completion and shipping process. Many factories and plants have to rely on\nimportant tools for their daily operations and sometimes also have to use\ngovernment furnished equipment (GFE), which is an accountability for that\nequipment. This is where the ability to track such fixtures can help the\nmanufacturers. <\/p>\n\n\n\n
The\nIOT technology provides various work-in-progress tracking tools for\nmanufacturers that track the components to be integrated and build large or\ncomplex assets. Barcode scanning is also used to track work in progress in many\ncases but it does not enable quick access of a missing part. It can also be\nuseful in determining the wrong area to solve the issue along with avoiding\nwasted expense of actively tracking down misplaced parts. <\/p>\n\n\n\n
- Cold\nChain Monitoring<\/strong><\/li><\/ul>\n\n\n\n
IoT\ntechnology is used to ensure products that require pre-determined temperature\nrange are handled properly and stay the temperature limit. It ensures quality\nstorage, creation, and shipping process for temperature sensitive goods. Cold\nchain monitoring also helps to track the perishable products, eatables using\ndescriptive, predictive, and real time analytics to provide requirement based\nsolutions. <\/p>\n\n\n\n
- Process\nAutomation<\/strong><\/li><\/ul>\n\n\n\n
With\nthe advent of IoT, digital transformation has promoted productivity in\norganizations leading to simplified management processes. Companies wanting to\nexpand their profit margins face the challenge of creating innovative systems.\nIndustrial Internet of Things (IIoT) provides assistance by bringing more\nefficiency in systems and making the process of product promotion flexible and\naffordable. <\/p>\n\n\n\n
IoTenabled\nindustrial automation can offer integration of various commercial technologies\nacross major industrial applications, such as programmable logic controllers\n(PLCs).Increasing cost effective technologies are being used in operations and\nmaintenance since theyconsist of sensors, intelligent controls, and smart\nswitches. This is due to the requirement in industries that need systems for\ndetermining projected servicing time using predictive analysis.Organizations are\nkeen to integrate robotics, machinery, and human power to reduce operational\nefforts and manufacturing costs.<\/p>\n\n\n\n
Internet\nof Things is used in products and services in the form of computing devices,cloud\nbased engineering,sensors, and gateways for process automation. For low voltage\nmotors,some smart sensor are being developed that can be used to provide\nwireless condition monitoring data. The devices\ncan also be used with third party motors to transmit information. It can also generate\nnumber of alerts regularly when motors perform sub-optimally. Emerson Process\nManagement has introduced new wireless andlow cost sensors that can turn\nenormous amount of data into useful information. <\/p>\n\n\n\n
Conclusion<\/strong><\/h3>\n\n\n\n
The IoT market is witnessing high demand due to its ability of improving efficiency and enabling new services. IoT connects industrial devices, equipment, and consumer electronics,enabling information transfer and device management, which also helps improve and optimize processes in manufacturing industry. Many organizations and companies are taking advantage of the technology to increase productivity and efficiency. It is also being used to gain a deeper insight to customers\u2019 behavior patterns and needs. Workers under taking IoT training along with trained experts will benefit companies to expand their interests toward a better future. Companies are inclined to invest in IoT and R&D in order to gain advantage for expanding globally to strengthen their market presence. Some of the major companies operating in the market are Accenture PLC; Alcatel-Lucent; Google Inc.;General Electric; Samsung Electronics; Apple Inc.; Free scale Semiconductors;IBM; and SAP SE.<\/p>\n\n\n\n
Company Bio:<\/strong><\/h3>\n\n\n\n
- Process\nAutomation<\/strong><\/li><\/ul>\n\n\n\n