Shikun Electronics Co., Ltd.'s Perspective:
We view these advancements as opportunities to enhance our contributions to the automation sector. By supplying high-quality electronic components, we aim to support the development of cutting-edge automation systems that improve efficiency and productivity. We are committed to collaborating with global manufacturers to drive innovation and help shape the future of factory automation.
In 2019, the factory automation industry continued to evolve with significant advancements and a strong focus on digital transformation. The global factory automation market was projected to grow at a compound annual growth rate (CAGR) of approximately 9.2% during the forecast period. Key drivers of this growth included the adoption of smart manufacturing systems, the Industrial Internet of Things (IIoT), and advanced robotics.
One of the notable trends was the integration of advanced robotics into manufacturing processes. These robots, enhanced with AI and machine learning capabilities, were able to perform complex tasks autonomously and collaborate safely with human workers. The deployment of autonomous mobile robots in logistics and assembly processes has become more prevalent, helping to increase productivity and reduce errors.
The emergence of Industry 4.0 technologies played a crucial role in transforming factories into smart facilities. These technologies enabled real-time data collection and analysis, leading to improved decision-making and optimization of production processes. Moreover, the focus on zero-waste production and reducing time-to-market further fueled the demand for automation solutions.
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