Molex has announced the results of a global survey of Industry 4.0 manufacturing stakeholders driving advancements in robotics, complex machines and device or control systems. The findings reflect steady progress in the development of Industry 4.0 initiatives across the industrial automation ecosystem, including smart automation, connectivity and analytics that add efficiency and intelligence throughout the manufacturing lifecycle.
“It’s gratifying to see widespread Industry 4.0 progress, as the Fourth Industrial Revolution is pivotal to fulfilling the promises of digital manufacturing,” said John Newkirk, VP and general manager, Industrial Solutions, Molex. “Ensuring success requires a pragmatic approach, organizational alignment and secure connectivity that drive operational efficiency while boosting manufacturing flexibility and reducing costs.”
Molex commissioned third-party research firm, Dimensional Research, to conduct The State of Industry 4.0 Survey in June 2021, polling 216 qualified participants in a variety of roles, such as R&D, engineering, production manufacturing, strategy, innovation, and supply chain management. The primary research goal was to capture data on practical real-life Industry 4.0 experiences and opinions. Overall, the survey respondents validated continued growth, potential customer benefits and expected business outcomes emerging from the Industrial Internet of Things (IIoT) and smart manufacturing.
Key findings include:
- 51% of those polled report having a well-defined Industry 4.0 corporate priority with executive sponsorship; 49% have already achieved success while 21% are still in the investment stage;
- More than half of the respondents expect to meet their Industry 4.0 goals within two years while a third believe it will take three-to-five years to reach that milestone;
- 58% say that digital transformation investments have accelerated Industry 4.0 efforts;
- 44% of those polled find organizational and cultural adoption barriers hardest to overcome.