Digital Transformation of the Australian Manufacturing Industry, Forecast to 2024

Industrial Internet of Things and Data Analytics to Transform the Factory Floor

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Australia is able to stay competitive in global manufacturing due to its capabilities in manufacturing high value-added products. However, the comparative disadvantage in large-volume production is currently a restraint limiting the global competitiveness of the industry. The transition to smart manufacturing is being driven by structural changes in the global market, with Australia aiming to move from low-cost, high-volume production to high-margin, low-volume models. This study looks at the digital technologies transforming the Australian manufacturing sector. It provides insights into both global and domestic technology trends, throws light on market innovations, highlights the mainstream applications of these new technologies, and predicts the potential applications in Australia. It also analyses the competitive structure of the market, makes comparisons with traditional manufacturing, and discusses the overall trends and development plans that are shaping the market. Advanced technologies, such as robotics, Additive Manufacturing (AM), and digital manufacturing are revolutionising manufacturing, with new abilities to design and manufacture complex, customised products with short lead times, minimal tooling and wastage, and low labour demand. However, data analytics and technologies such as Industrial Internet of Things (IIoT) will have the most impact on the Australian manufacturing sector. Being data-driven allows manufacturers to gain a competitive advantage by analysing information to improve various processes in production, logistics, and supply-chain management. The adoption of digitally-enabled manufacturing solutions is most prevalent in the manufacturing verticals that require higher standards of quality assurance and higher production volume such as healthcare, aerospace, and Food and Beverage (F&B). For example, the adoption of digital manufacturing solutions allows more manufacturers to transcend from scheduled repairs and maintenance to being able to predict and prescribe maintenance, repairs, and possibly training to move from reactive to preventive performance capabilities. As such, digital manufacturing solutions have a natural environment in high-volume production lines, where the need to minimise production downtime from equipment maintenance is a major consideration. More manufacturers are recognising the benefits of digital transformation in the industry; however, there is some hesitance, as a large number of SMEs in Australia are unable to find the appropriate funding to support the investments required. Cybersecurity is an essential component in digital transformation. However, the expansion of a manufacturer’s communication network and digital integration of more production processes to be accessed and controlled via the Internet, cloud, and other network servers, could intensify the vulnerability of the organisation to security threats. To secure the company’s competitive advantage and ensure complete process control, a rigid set of protocols and protection systems should be set in place for end users of ICT solutions to trust the transformation process.

Table of Contents

Executive SummaryKey FindingsKey Focus Technologies Market OverviewScopeDefinitionsDefinitions (continued)The Australian Manufacturing Industry—A SnapshotManufacturing in AustraliaManufacturing in Australia (continued)Manufacturing in Australia (continued)InnovationComparative AdvantagesComparative Advantages of the IndustryComparative Advantages of the Industry (continued)Comparative Advantages of the Industry (continued)Comparative Advantages of the Industry (continued)Challenges in Australian ManufacturingChallenges in Australian Manufacturing (continued)Challenges in Australian Manufacturing (continued)Challenges in Australian Manufacturing (continued)Challenges in Australian Manufacturing (continued)Challenges in Australian Manufacturing (continued)Australian Manufacturing Industry—Market Drivers and Restraints to Digital TransformationDrivers of Digital Transformation in ManufacturingDrivers ExplainedDrivers Explained (continued)Technology Underpinning Australia’s Growing Prominence in GVCData Analytics, IIoT, and Cloud at the Forefront of Digital TransformationReal-time Analytics Improving Decision-Making and Time to MarketDigital Solutions Offering Greater Visibility and Ensuring Worker SafetyRestraints to Digital Transformation in ManufacturingRestraints ExplainedRestraints Explained (continued)Lack of Standardisation Limiting Global Collaboration EffortsSteep Technology Costs Hindering Growth of Innovative ManufacturingIs Australia Ready to Embrace Digital Transformation?IT Specialists Shortage Placing Australia’s Manufacturing at RiskDigital Transformation Solutions—Impact on the Manufacturing IndustryICT Expenditure in ManufacturingICT Expenditure in Manufacturing (continued)IIoT—Creating Next-generation Operational Intelligence IIoT—Adoption in Australian IndustriesIIoT—Key EnablersIIoT—Market Drivers Influencing AdoptionDrivers ExplainedIIoT—Market Restraints Influencing AdoptionRestraints ExplainedIIoT—Case Study IIoT—Case Study (continued)IIoT—Case Study (continued)Cloud—Location and Services Defining Manufacturing ModelsCloud—Enhancing Production Operations and EfficiencyCloud—Adoption in Australian IndustriesCloud—Market Drivers Influencing AdoptionDrivers ExplainedCloud—Market Restraints Influencing AdoptionRestraints ExplainedCloud Computing—Case StudyAutomation and Robotics—Improving Safety and Efficiency in ManufacturingAutomation and Robotics—Adoption in Australian IndustriesAutomation and Robotics—Impact of Advanced Robotics in ManufacturingAutomation and Robotics—Market Drivers Influencing AdoptionDrivers ExplainedAutomation and Robotics—Market Restraints Influencing AdoptionRestraints ExplainedAutomation and Collaborative Robots—Case StudyAutomation and Collaborative Robots—Case Study (continued)Digital Manufacturing—Integrating Smart Production and PLM ToolsDigital Manufacturing—Optimising Operational EfficiencyDigital Manufacturing—Adoption in Australian IndustriesDigital Manufacturing—Market Drivers Influencing AdoptionDrivers ExplainedDigital Manufacturing—Market Restraints Influencing AdoptionRestraints ExplainedDigital Manufacturing—Case StudyData Analytics—Unlocking the Power of Manufacturing IntelligenceData Analytics—Adoption in Australian IndustriesData Analytics—Importance of Analysis to OperationsData Analytics—Market Drivers Influencing AdoptionDrivers ExplainedData Analytics—Market Restraints Influencing AdoptionRestraints ExplainedData Analytics—Case StudyAdditive Manufacturing—Empowering Customisation in ManufacturingAdditive Manufacturing—Adoption in Australian IndustriesAdditive Manufacturing—Business Model ComparisonAdditive Manufacturing—Growth Areas and Market PotentialAdditive Manufacturing—Market Drivers Influencing AdoptionDrivers ExplainedAdditive Manufacturing—Market Restraints Influencing AdoptionRestraints ExplainedAdditive Manufacturing—Case StudyGrowth OpportunitiesGrowth Opportunities—IIoTGrowth Opportunities—Solution-as-a-Service Business ModelGrowth Opportunities—Additive ManufacturingStrategic Imperatives for ICT Solutions ProvidersCybersecurity—An Imperative for Trusting TransformationLegal DisclaimerAppendixList of ExhibitsList of Exhibits (continued)List of Exhibits (continued)List of Exhibits (continued)Relevant Frost & Sullivan Studies





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