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Smart, Connected Sensors Create Opportunities in Smart Factories
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Industry 4.0 is enabling smart factories by configuring cyber-physical (Internet-connected) systems coupled with artificial intelligence (AI) to leverage the Industrial Internet of Things (IIoT) for seamless machine-to-machine communication, data transfer, and advanced automation of processes throughout the manufacturing value chain. The opportunity to optimally use and communicate the data collected about key equipment and processes depends on the smart sensors with inherent signal processing and data communications capabilities. Sensors will have key growth opportunities in Industry 4.0 driven by their ability to provide enhanced detection of equipment, process, and product conditions and improved Internet-based sharing of vital information within the manufacturing facility and across the entire supply chain. Industry 4.0 enables advancements in automation, efficiency, and flexibility driven by smarter sensors. This research report provides analysis of key technology innovations and identifies key developers of sensors and related technologies for improved sensing and communications of data for more efficient, cost-effective manufacturing. The technology and innovation report pinpoints key markets, needs, opportunities, and challenges for sensors in Industry 4.0.
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