Mar 2, 2021

Catena-X: secure cross company automotive data exchange

SmartManufacturing
Automotive
Data
AutomotiveAlliance
Georgia Wilson
2 min
Automotive Alliance, information and data sharing
The Automotive Alliance shares its progress and further initiative details to ensure openness and neutrality when it comes to cross company data sharing...

Operating under the name Catena-X Automotive Network (Catena-X), the Automotive Alliance as an implementation orientated network strives to ensure openness and neutrality when it comes to cross company sharing of information and data in the automotive industry.

Founders of the network include: BMW AG, Deutsche Telekom AG, Robert Bosch GmbH, SAP SE, Siemens AG and ZF Friedrichshafen AG.

Others who have joined the initiative include:

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Catena-X Automotive Network (Catena-X)

Defining itself as an “extensible ecosystem in which automotive manufacturers and suppliers, dealer associations and equipment suppliers, including the providers of applications, platforms and infrastructure, can all participate equally,” Catena-X’s purpose is to create a uniform standard for sharing information and data across the entire automotive industry value chain.

Those involved in the project are working to increase the automotive industry competitiveness, improve efficiency and accelerate company processes through standardisation and access to data and information.

In addition, the initiative is also placing a special focus on SMEs, Catena-X believes their active participation will be of central importance for the network’s success. “That is why Catena-X has been conceived from the outset as an open network with solutions ready for SMEs, where these companies will be able to participate quickly and with little IT infrastructure investment,” stated the Automotive Alliance.

In addition, the alliance plans to integrate the European automotive industry’s existing structures such as parts logistics to be further optimised. “Alongside the benefits of greater efficiency in the supply chain, the network participants expect more efficient quality and logistics processes, greater transparency in terms of sustainably reduced CO2 emissions, and simplified master data management.”

In the first phase of the pilot project, Catena-X will focus on five areas of application:quality management, logistics, maintenance, supply chain management and sustainability. 

In future phases, applications supporting production and development are being planned. 

“The data network will create an important starting point for the industry to respond more efficiently to the challenges of digital transformation and to make better use of the opportunities offered by digitalisation,” commented the Automotive Alliance.

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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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