A new PWC report reveals an industrial manufacturing industry that is back to pre-recession levels of innovation and progress. The Internet of Things (IoT), augmented reality, and 3D printing are just three innovations that have already changed industrial-manufacturing technical operations, according to FinancialBuzz.com.
For example, Cemtrex is a diversified industrial and manufacturing company that operates in a range of business segments and provides solutions to manufacturing industries. Through its Electronics Manufacturing Services group, the company provides end-to-end electronic manufacturing services including product design and sustaining engineering services, systems integration, testing services, and assembled electronic products.
Industrial giant 3M Co. recently announced the development of a new patent-pending technology for 3D printing of fluorinated polymers, which are an integral material in numerous manufacturing processes. The fluorinated polymers are known for high durability, resistance to various chemicals, and high temperatures.
General Electric is also making aggressive moves to embrace 3D printing for faster production. The firm recently announced the acquisition of two 3D printing companies, the total value of which was $1.4 billion. And, over the last year both Boeing Co. and Lockheed Martin Corporation proved that it is not only possible, but also actually practical to use augmented reality technology for manufacturing. Both companies used augmented reality glasses to build jets.