Articles with tag #TRENDS

Regionalization, digitalization, automation and sustainability are global, underlying megatrends that push development in the electronics industry forward and contribute to a shift in industry dynamics. Understanding these trends, and acting accordingly, is key to keep our customers at the forefront of the electronics industry.

Ongoing segmentation and regionalization of the market as well as stricter sustainability demands are changing the conditions within the electronics industry. Despite uncertainty due to the coronavirus and trade policy tensions, global trends are supporting the company’s business direction.

Automation is taking the world by storm; globalization continues with more distinct ecosystems for East and West; disruptive AI and Big Data are just getting started and drones may soon be whizzing around assembly plants.

For years, we’ve been hearing: “5G is coming and it’s going to transform our world!” Really? In what ways? Or is this just hype? According to Mycronic experts, no. New 5G technology, with up to 100 times faster speeds than today’s 4G, will open exciting new possibilities for consumers and businesses. And it’s already placing tough demands on manufacturers as well! 

As makers of automation technologies, it’s no surprise that we see automation as the number-one driver in our industry. What is interesting, however, is the speed, impact, and far-reaching implications of this global megatrend. Those who hesitate to get onboard risk being left behind.

According to McKinsey, the tipping point in electric vehicle (EV) sales occurred in the fall of 2020 during the midst of the pandemic. Then, despite all the lockdowns, adoption edged up to 10% in some European countries. This signaled a clear shift in consumer behavior to sustainable mobility – further fueling the amount of electronic content required in cars.

There is nothing artificial about Artificial Intelligence (AI), according to Mycronic experts. This global megatrend is real, it’s sweeping across all industries, and it has the power to solve key manufacturing challenges. AI-tools allow for more precise manufacturing, removal of defects and predictive intelligence. And they keep on learning and getting better.

What’s going on in this crazy world of ours? Does the rise of populism, protectionism and polarization mean the end of multilateralism and globalization? The answer is “yes and no” but mainly “no” for the electronics industry. Mycronic sees a continued trend towards global, interconnected ecosystems, but there will be a clearer division between East and West.

When cloud-based services arrived, they were supposed to free us from the tyranny of rigid and inflexible premises-based IT solutions. And to a large extent they did, adding flexibility and driving down costs. But recently, due to the high volume of data and challenges with latency, security and privacy, many companies are realizing they need regional data centers, too.

For years, the electronics industry has gotten something of a “green pass” on the topic of sustainability. Digital transformation, new electronic devices and services were praised as the path to efficient, eco-friendly work patterns, particularly during the pandemic. This is now changing, Mycronic experts say.

Naturally there are many trends impacting the future of the electronics industry. These include personalization, digitalization, miniaturization, Industry 4.0, the Internet of Things and Big Data. But what are the key trends impacting manufacturers like Mycronic – and maybe even your business?