Phillips Corporation boosts additive manufacturing portfolio
Phillips Corporation , solutions provider of subtractive additive manufacturing (3D printing) technology products and services, strengthens its additive manufacturing portfolio, by distributing Markforged’s artific ial intelligence (AI) powered and intuitive additive manufacturing platform.
“Partnering with Phillips Corporation provides Markforged with additional distribution across the Americas and Asia while giving Phillips’ commercial and federal government customers more tools to help them reinvent manufacturing and run more efficiently. With Markforged, Phillips Corporation customers can harness the power of additive to do everything from optimizing their supply chains by producing parts on demand to truly transforming their businesses,” said Shai Terem, CEO at Markforged.
Markforged Digital Forge
Digital Forge provides a seamless combination of precise and reliable 3D prints for metal and composite proprietary materials, alongside cloud-based learning software to create more resilient and agile supply chains.
In addition, the platform creates “strong end-use parts directly at the point-of-need and gets smarter after each print delivering cost and time savings for manufacturers when compared to traditional solutions,” says Phillips Corporation.
The benefits of Digital Forge
Not only does Digital Forge improve just in time manufacturing process, enable customisation, and solve applications from prototyping to end use to MRO, Markforged’s platform will provider Phillips Corporation’s customers with additional capability and growth potential.
“Phillips Corporation is extremely pleased to be joining forces with Markforged and introducing their products to our large base of commercial and federal government customers. We intend to pursue the tremendous potential for our subtractive customers to be introduced to the Markforged price-competitive design-to-print additive technology. Considering that both the commercial and federal industrial supply chains have accelerating interest, applications, and demand for 3D printed parts, the Markforged product lineup is an optimal fit for customers seeking to enter or expand upon their additive manufacturing capability. This is a very exciting time in the rapid evolution of additive manufacturing. We are pleased to be collaborating with Markforged and together being leading contributors to the global additive manufacturing revolution,” added Alan M. Phillips, CEO Phillips Corporation.
Four Factory of the Future Market Trends to Keep an Eye on
Global Smart Manufacturing Market
Attributed to the rapid growth in the adoption of automated systems in industrial processes, the 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.
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 - 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 . “Manufacturers are using AI-powered analytics to increase performance, product quality, and employee protection, from substantial reductions in unplanned downtime to better crafted goods.”