Focusing on Rockwell Automation’s Industry Outlook, the growth of industrial automation & smart manufacturing in Asia Pacific, highlighting both the benefits and gaps that businesses must navigate in this growing market.
1. Tell me about Rockwell Automation’s Industry Outlook for the manufacturing sector in Asia Pacific.
Rockwell Automation’s Industry Outlook for the manufacturing sector in Asia Pacific showcases a promising landscape. Manufacturing is one of the most significant contributors to the Asia-Pacific economy and is undergoing rapid transformation. Some key factors that are influencing the manufacturing sector include:
- Technological Advancements
The integration of cutting-edge manufacturing technologies, including automation and IoT, is transforming the manufacturing sector, leading to enhanced efficiency. According to our State of Smart Manufacturing Report, close to half (44%) of APAC manufacturers plan to adopt smart manufacturing within the next year; out of this, China (80%), Australia (60%) and India (59%) are already using some components of smart manufacturing.
- Sustainability and Environmental Regulations
An increasing emphasis on sustainability and environmental regulations is driving changes in manufacturing practices and product requirements.
Again, our State of Smart Manufacturing report cites that for the 94% of APAC manufacturers who have formal or informal environmental, social and governance (ESG) policies in place, close to half (48%) cite “a competitive differentiator” as the top driving factor for pursuing ESG initiatives.
- Economic Growth
The overall economic growth and stability of countries in the Asia Pacific region can have a significant impact on manufacturing. Rapidly growing economies drive increased demand for manufactured goods.
2. How is smart manufacturing growing in Asia Pacific?
Smart manufacturing is growing in the region driven by a combination of factors including technological advancements, government support, and the region’s strong manufacturing base. APAC is home to some of the world’s leading technology companies and has a strong presence in industries such as electronics, semiconductors, and robotics.
These technological advancements are facilitating the integration of smart technologies into manufacturing processes.
With growing adoption of artificial intelligence (AI) and a strong manufacturing base, Asia Pacific is well-positioned to stay ahead in smart manufacturing for the rest of the decade.
According to market intelligence firm Fortune Business Insights, APAC is currently home to the largest smart manufacturing industry in the world and it is expected to expand by 15.7% in compound annual growth through 2030. This provides a solid foundation for the adoption of smart manufacturing technologies in the region.
3. What are the major challenges or barriers to the adoption of smart manufacturing, and how is Rockwell Automation working to overcome them?
Our State of Smart Manufacturing Report finds that the biggest barriers to adopting smart manufacturing for APAC manufacturers are employee resistance to technology adoption and change, lack of skillsets to manage smart manufacturing implementation, and lack of a clear definition of the value/ROI of smart manufacturing.
To address these challenges, manufacturers should empower their employees with the necessary skills to adapt to evolving roles and collaborate effectively with AI systems.
Providing education and upskilling opportunities to enhance digital capabilities is crucial. AI and Augmented Reality (AR) tools can be highly effective in this regard, creating virtual environments for experiential learning and knowledge-sharing.
At Rockwell Automation, our solutions such as AI-powered systems can optimize manufacturing processes by adjusting parameters in real-time to maximize efficiency and product quality. This is particularly valuable in industries with complex and variable processes.
Rockwell also has machine learning algorithms that can be used to analyze data from sensors and cameras to detect defects and anomalies in manufacturing processes, ensuring consistent product quality, and reducing waste.