IIoT efforts to add $736B to Chinese GDP by 2030
China is positioned to become a global leader in the Industrial Internet of Things (IIoT) market. China currently has more connected devices than any other nation. Research from IDC predicts the overall IIoT market in China will rise to $361 billion in 2020 from $193 billion in 2015.
With more connected devices than any other nation, Accenture’s estimates China’s IIoT-related industry could add up to $736 billion to the country’s GDP by the year 2030.
A major driver of China’s leadership in the sector comes from Chinese production rates, with much IIoT technology being developed in China as the country makes most of the planet’s electronics.
Automation job replacement percentage as low as 7 percent
A new Forrester Research report offers less severe predictions of job replacements as a result of the growing automation market, positing a likely net job loss of only 7 percent by 2025.
This report comes as welcomed positive news for many job sectors as previous reports have offered dire expectations for the American workforce over the next decade, including an Oxford study in 2013 and a McKinsey report in 2015 that suggested nearly half of all U.S. jobs would be at risk of replacement due to automation.
The Forrester projection anticipates that 16 percent of current “human-occupied” jobs will be outsourced to automation while simultaneously creating millions of new jobs that will partially offset the job losses.
Industrial Internet Consortium announces its testbed
The Industrial Internet Consortium (IIC) announced its Factory Automation Platform as a Service (FA PaaS) Testbed with IIC member organizations such as Hitachi, Mitsubishi Electric and Intel Japan first in line for the testbed project.
The testbed looks to help industrial facilities more seamlessly integrate automation into their manufacturing and IT systems to create next-generation factories with more efficient operations.
The FA PaaS Testbed will be verified for secure connections between FA environment and the service platform layer, the flow of operational data from manufacturing and other functions by June 2017. And the testbed will be verified with IIC member companies and customers.
Thai automation market to hit $47M in 2016
An estimated $46.3 million in revenue is expected for the Thai industrial robotics imports market by the end of 2016, according to a study conducted by the International Federation of Robotics (IFR). By 2018, IFR also expects Thailand will double its 2015 employment figures in the industrial robotics industry, from approximately 7,500 employees to over 15,000.
Increased interest from foreign investors supporting automotive and other highly automated industries has been witnessed by Thailand’s Board of Investment (BOI) including robotics giant Nachi and other firms that provide technology and supply chain products to Thailand’s growing automotive industry.
Automation grows in Midlands despite Brexit
Automation investments in U.K.’s Midlands region, comprised of the middle of England including Birmingham, is a key factor in helping businesses in the area country compete globally post-Brexit, according to a U.K.-based automation recruitment company.
A 35 percent increase in demand for software and electronics engineers to project managers and systems designers to handle the increase in automation initiatives of start-up companies alone in the area has been reported.
There are a number of factors that have contributed to and will contribute to the growth of automation in the Midlands, including another expected increase from the acquisition of ARM Holdings, Britain’s largest tech company, by Softbank of Japan.