Digital Transformation In Manufacturing News

Recent industry report about Digital Transformation In Manufacturing company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Digital Transformation In Manufacturing Market industry experts.

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Digital Transformation In Manufacturing News

  • May 2023: Siemens announced it would focus on 3D printing activities in the United States to hasten the industry's transformation via serial additive manufacturing. As stated by Siemens, the business is leveraging its products to help machine builders and is committed to assisting the domestic additive manufacturing maker community. The business will be a collaborative platform for machine makers, equipment users, and additive design professionals from its Charlotte Advanced Technology Collaboration Hub (CATCH) based in Charlotte, North Carolina.
  • February 2023: Schneider Electric, the global leader in energy management and automation digital transformation, announced the launch of Industrial Digital Transformation Services. The specialized worldwide service is intended to assist industrial firms in achieving end-to-end digitization that is future-ready, inventive, sustainable, and effective.
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  • July 2024: Sydney, Australia, inaugurated a facility focused on transforming hard plastics from electronic waste into 3D printing filament. This facility, a collaboration between the University of New South Wales (UNSW) and IT asset management firm Renew IT, marks a pivotal move towards sustainable waste management. Situated in Lane Cove, New South Wales, the facility boasts the advanced Plastics Filament MICROfactorie Technology, a brainchild of UNSW's Centre for Sustainable Materials Research & Technology (SMaRT). This innovative technology adeptly converts hard plastic waste, often sourced from electronic devices, into a valuable material for 3D printing.
  • June 2024: Raise3D, a prominent 3D printer manufacturer, unveiled its latest series, the Pro3 HS, which utilizes Fused Filament Fabrication (FFF) technology. Alongside this launch, the company introduced the Hyper Core Filament Line. The Pro3 HS Series, featuring an advanced motion control system, boasts enhanced speed, precision, and accuracy, making it ideal for efficiently manufacturing large composite components. In addition, the printer is versatile, supporting a range of materials, including ASA filament.
  • July 2024: ECOVACS, a leading company in robotic home cleaning solutions, introduced three new innovative robot vacuum models: DEEBOT T30S COMBO, DEEBOT X5 PRO OMNI, and DEEBOT N20 PRO, designed to cater to the various cleaning needs of households in Singapore. This new lineup reflects ECOVACS' dedication to providing top-notch products to consumers, with a focus on technological advancements and high-quality cleaning solutions for modern homes.
  • April 2024: Roborock, a leading company in the field of advanced home robotics, announced that it has achieved the top position in global sales of robotic vacuums. Additionally, the brand has offered a sneak peek into its upcoming product lines and shared its vision for the future. Over the period of 2019 to 2023, Roborock made a significant investment of CNY 1.9 billion (USD 260 million) in R&D. Roborock encourages innovative solutions that meet the needs of consumers, including enhancements in cleaning efficiency, mapping and navigation, convenience, and integration with smart home technology.
  • July 2024: In collaboration with Saintgits College of Engineering in Kottayam, Tvasta Manufacturing Solutions, a trailblazing deep-tech startup in Construction 3D Printing, inaugurated Kerala's inaugural Concrete 3D Printer Lab. This state-of-the-art facility is set to enhance research and innovation in the construction sector, leveraging cutting-edge 3D printing methods.
  • March 2024: ICON, known for its pioneering role in advanced construction technologies and large-scale 3D printing, unveiled a suite of innovative products aimed at automating the construction process. Highlights include a groundbreaking robotic printer capable of multi-story constructions, a novel low-carbon building material, a digital catalogue boasting over 60 ready-to-build home designs, and an AI Architect tailored for home design and construction.
  • June 2024: Desktop Metal, a leading provider of Additive Manufacturing Technology, announced that platinum has been qualified as a customer-approved material on its Production System P-1. This qualification comes with a specialty powder developed by Legor, a comprehensive solutions provider in jewelry manufacturing. Furthermore, Desktop Metal's Powmet line offers certified ultra-pure metal powders compatible with both laser and binder jet 3D printing systems. The company emphasizes that qualifying Legor’s Powmet platinum on the Production System P-1 marks a significant advancement for binder jet 3D printing in the jewelry, watchmaking, and luxury goods sectors.
  • May 2024: Desktop Metal unveiled its Reactive Safety Kit for the Production System P-1, facilitating safe and rapid binder jet 3D printing of titanium and aluminum. After over two years of development and testing, the P-1 Reactive Safety Kit incorporates ATEX-rated components alongside essential hardware and software upgrades, prioritizing safety. ATEX certification, awarded to equipment after stringent testing per European Union directives, ensures safety in environments prone to explosive atmospheres.
  • July 2024: Prusa Research unveiled the Prusa Pro HT90 3D printer, signifying its foray into the industrial 3D printing sector. This innovative printer was presented at the Rapid TCT exhibition held in Los Angeles. Featuring delta kinematics, the printer boasts versatility and delivers high-speed performance, outstanding print quality, compatibility with an extensive range of third-party materials (eliminating vendor lock), and robust user data security.
  • July 2024: Hello Additive unveiled its innovative Dragon Software, aimed at transforming the additive manufacturing sector. This software delivers sophisticated features for enhancing the 3D printing workflow, granting manufacturers exceptional control, accuracy, and efficiency.
  • May 2024: Boston Micro Fabrication (BMF) announced launching the first-ever series of hybrid micro-precision 3D printers designed for micro-scale and ultra-high-resolution applications, offering customers enhanced options for high-precision 3D printing. The inaugural model in this series, the dual-resolution microArch D1025, is capable of printing at resolutions of 10 µm or 25 µm, as well as in a hybrid mode that allows for the use of both resolutions within the same or separate layers.
  • August 2024: Point2 Technology, known for its ultra-low-power, low-latency mixed-signal SoC solutions tailored for multi-terabit interconnects, joined the ranks of the Open Compute Project (OCP) Startup Program. This exclusive, invite-only tier caters to pioneering hardware and software startups dedicated to open-source designs, specifically for hyperscale data center operators. Members gain access to valuable networking opportunities, expert feedback, mentorship, and active participation in OCP events through the OCP Startup Program.
  • June 2024: The Open Compute Project (OCP) announced a significant milestone in its Server Resilience initiative by awarding academic research funding to combat Silent Data Corruption (SDC). The recent call for proposals attracted 19 innovative submissions from prestigious universities globally, underscoring a strong commitment to tackling the issue.
  • April 2024: The Open Compute Project Foundation (OCP) teamed up with Infrastructure Masons (iMasons), a nonprofit professional association focused on shaping a better digital future. This collaboration centers on sustainability initiatives, particularly the iMasons Climate Accord (ICA). By merging the OCP Community's influence on the data center supply chain with iMasons' connections to end users, the partnership aims to tackle a significant industry challenge: developing a sustainable and scalable digital infrastructure that meets the demands of AI and HPC, extending from data centers to the edge.
  • January 2024: Ramboll became a member of the Open Compute Project (OCP). By collaborating with OCP and ICA, Ramboll underscores its commitment to pioneering sustainable innovations within the digital infrastructure sector. Ramboll and its partners aim to forge a sustainable future for the coming generations through joint efforts, knowledge exchange, and unified initiatives.
  • July 2024: BASF's Forward AM division took over BASF's additive manufacturing business, which includes the Sculpteo service. The division will operate under the name Forward AM Technologies. Backed by BASF, this strategic move seeks to enhance customer support and market responsiveness. The company will continue to offer its solutions and services to its strong customer base across the globe.
  • June 2024: Quantica successfully raised its Series A funding, totaling EUR 19.7 million. The funding extension was spearheaded by West Hill Capital, a British private equity and venture capital firm. They were joined by a family-owned company from the dental sector, Quantica's management team, and Big Bang Angels, a venture capital firm from Korea.
  • March 2024: Gefertec GmbH unveiled its arc80X Wire Arc Additive Manufacturing (WAAM) machine, which supports a range of welding systems from various manufacturers. This feature empowers customers to tailor the machine to their specific needs. Furthermore, this adaptability means the machine can be upgraded or modified should customers decide to incorporate new functionalities.
  • July 2024: Du, a leading telecommunications operator in the Middle East, is launching Oracle Alloy. This initiative aims to deliver cloud and sovereign AI services to businesses, government entities, and public sector organizations across the United Arab Emirates. By leveraging Oracle Alloy, du enhances its role as a cloud provider, facilitating faster innovations with greater customization and control. Du's clientele now has access to over 100 Oracle Cloud Infrastructure (OCI) services featuring advanced AI solutions. These offerings are specifically designed to meet the diverse UAE markets and sectors' distinct needs, ensuring full compliance with local regulatory standards.
  • April 2024: Acronis, a global leader in cybersecurity, has unveiled its Cyber Cloud Data Center in Dubai. This marks Acronis' first venture in the Middle East, highlighting the company's commitment to the region's expanding Cloud and Data Center landscape.
  • April 2024: G42, a UAE-based AI technology holding company, has clinched a strategic investment worth USD 1.5 billion from Microsoft Corp. This partnership is set to roll out advanced Microsoft AI technologies and training programs, extending their reach from the United Arab Emirates to a global audience. To further cement this alliance, Brad Smith, Microsoft's Vice Chair and President, will be joining G42's Board of Directors.
  • February 2024: Cisco announced the establishment of a new local cloud data center in the United Arab Emirates, dedicated to its Duo multifactor authentication (MFA) and secure access solutions. Situated in Dubai, this cloud data center is a strategic move in line with Cisco and Duo's global vision to bolster security infrastructure. The facility will be fully equipped to support Duo's sophisticated zero-trust platform, featuring MFA, single sign-on (SSO), secure remote access, device trust, password-less entry, adaptive risk-based policies, and the automated detection of malicious user behavior, all powered by Machine Learning (ML) and Artificial Intelligence (AI). Moreover, its strategic location promises to enhance performance and elevate the business user experience.
  • August 2024: Following the introduction of the Google Cloud region in Saudi Arabia (KSA) in November 2023, enhanced data sovereignty, security, and AI features for the Dammam region were unveiled. These advancements are tailored to bolster the digital transformation of organizations in Saudi Arabia, especially those with regulatory obligations, such as multinational corporations.
  • March 2024: Amazon Web Services (AWS), a subsidiary of Amazon.com, announced plans to establish an AWS infrastructure Region in the Kingdom of Saudi Arabia by 2026. This new AWS Region will empower developers, startups, entrepreneurs, enterprises, and organizations in sectors like healthcare, education, gaming, and nonprofits to run applications and serve end users from local data centers. This ensures that customers wishing to keep their content within the Kingdom can do so. Demonstrating its long-term commitment, AWS has pledged an investment exceeding USD 5.3 billion (approximately 19.88 billion Saudi riyal) in the Kingdom.
  • April 2024: Informatica, an enterprise cloud data management company, introduced its AI-driven Intelligent Data Management Cloud (IDMC) in Saudi Arabia, marking a first for the nation. This initiative encompasses establishing a new Point of Delivery (PoD) in Riyadh, emphasizing a dedication to local, scalable, cloud-centric data management solutions. This move reinforces Informatica's foothold in the Middle East and follows its inaugural regional PoD launch in Abu Dhabi, UAE, in 2023.
  • March 2024: YASH Technologies, a global technology consultancy, and Huawei Cloud, a cloud service provider, forged a strategic alliance at LEAP 2024, the premier technology event in the Middle East and North Africa (MENA) region. The duo formalized their collaboration through a Memorandum of Understanding (MOU), underscoring their joint commitment to delivering transformative solutions in pivotal domains such as cloud computing, AI, machine learning, and data analytics to their shared clientele.
  • May 2024: Aqara, a prominent smart home solutions provider, unveiled its latest offering, the Wall Outlet H2 EU, aimed at bolstering its energy management product range in Europe. This 16 Amp Type F (Schuko) smart wall outlet allows homeowners to remotely automate and control their appliances, promoting convenience and energy savings. The Aqara Wall Outlet H2 EU seamlessly integrates advanced smart features into the wall, ensuring a sleek design while maintaining robust connectivity.
  • April 2024: Samsung launched Bespoke AI appliances, integrating Wi-Fi, internal cameras, and AI chips for enhanced connectivity and user experience. The AI Home, a 7-inch LCD display, facilitates intuitive control of connected devices, featuring a 3D Map View for easy appliance navigation. Mobile Smart Connect sends alerts to smartphones for quick appliance control. Calm onboarding simplifies product registration, while the Knox security platform ensures data protection.

Digital Transformation in Manufacturing Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)