May 16, 2020

Boeing, Airbus and others to speak at the Paris Air Show

Aerospace
William Smith
2 min
The event will run all week, and is expected to draw some 320,000 visitors
Today, 17 June, saw the opening of the week-long International Paris Air Show.

An important event for the aerospace and defence industry, the show is h...

Today, 17 June, saw the opening of the week-long International Paris Air Show.

An important event for the aerospace and defence industry, the show is held at Le Bourget on the outskirts of Paris. As the BBC reports, almost 2,500 companies are to exhibit, attracting an estimated 320,000 visitors over the course of the week.

We took a look at the agenda and selected some events for those hoping to make the most of the fair.

Keynote - Dr. G. Hyslop (Chief Technical Officer, Boeing)

The Boeing Company is the United States’ largest player in the aerospace industry. A defense contractor as well as a civilian manufacturer, the company’s designs range from aircraft to satellites. As CTO, Hyslop oversees the technological side of the business, in terms of vision, strategy and investment. The keynote will take place at the Paris Air Lab on Wednesday, 19 June, from 10:00 - 10:10.

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“Supply Chain 2030: Trends and Challengers” - Denzil Lawrence (Supplier Management at Boeing), Alain Frehring (Executive Vice President Purchasing at SAFRAN) and Shauna Gamble (Vice President Procurement at Bombardier)

Boeing, SAFRAN and Bombardier; US, French and Canadian aerospace giants, respectively, are to take part in a roundtable discussion on the future of supply chains, privinding an OEM perspective on their supply chain strategies. The conference will take place at the Conference Center on Wednesday, 19 June, from 10:10 - 11:05.

“Flying cars, really?” - Rémi Cornubert (Consultant and author, expert in mobilities of the future, Advancy) and Eduardo Dominguez Puerta (Head of Urban Air Mobility, Airbus)

Airbus, the multinational European aerospace corporation, is a staple of the show. Its newly appointed Head of Urban Air Mobility is in charge of a number of the company’s projects, including CityAirbus, an electric vertical take-off and landing air vehicle, Vahana, a self-piloted eVTOL small passenger aircraft and VOOM, an on-demand helicopter booking platform. The discussion will take place at the Paris Air Lab on Wednesday, 19 June, from 16:30 - 17:30.

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May 11, 2021

Four Factory of the Future Market Trends to Keep an Eye on

AI
Automation
DigitalFactory
SmartManufacturing
Georgia Wilson
2 min
Factory of the Future | Smart Manufacturing | Technology | Digital Factory | Digital Transformation | Innovation
Manufacturing Global looks takes a look at the latest market trends in smart manufacturing, industrial automation, smart factory and AI...

Global Smart Manufacturing Market

Attributed to the rapid growth in the adoption of automated systems in industrial processes, the global smart manufacturing market is predicted to grow from US$$175bn (2020) to US$303bn by 2026 with a compound annual growth rate (CAGR) of 6.4% between 2019 and 2026.

While COVID-19 has somewhat slowed down the market’s growth, it is expected that by the second to third quarter of 2023 there will be a ‘considerable’ rise in growth for the market. 

Key players in the industry: Schneider Electric, General Electric, Siemens, Honeywell International Inc., Rockwell Automation Inc., FANUC Corporation, and Emerson Electric Co. 

Industrial Automation Market

Making people’s lives easier, and their work more accurate and effective, the global demand for automated technologies such as robotics - especially in science and technology - is driving its increase in global market value.

By 2027, the global industrial automation market is expected to reach US$326.14bn by 2027, with a CAGR of 8.9% between 2020 and 2027.

Key players in the industry: ABB, Siemens, General Electric, Schneider, Endress+Hauser, Yokogawa, Honeywell, WIKA, Azbil, Fuji Electric, 3D Systems, and HP.

Smart Factory Market

Expected to grow from US$80.1bn (2021) to US$134.9bn by 2026, the smart factory market - with a CAGR of 11% between 2021 and 2026 - is experiencing growth driven by fiscal policies adopted to keep manufacturing facilities afloat during COVID-19. 

Other driving factors include resource optimisation, cost reduction in production operations, increased demand for industrial robotics, rising demand for technologies, and the growing significance of energy efficiency. 

Key players in the industry: Emerson Electric Co., General Electric, Rockwell Automation, Inc., Schneider Electric SE, ABB Ltd., Siemens AG, Mitsubishi Electric Corp., Honeywell International Inc., Endress+Hauser AG, and Yokogawa Electric Corp.

Artificial Intelligence (AI) in Manufacturing Market

“It is undeniable that the manufacturing industry is at the forefront of artificial intelligence implementation,” says Analytics Insights. “Manufacturers are using AI-powered analytics to increase performance, product quality, and employee protection, from substantial reductions in unplanned downtime to better crafted goods.”

As manufacturers look to realise the potential benefits of artificial intelligence (AI) in their processes, it is predicted that the AI in manufacturing market will grow to US$11bn by 2025 with a CAGR of 54.6%.

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