Industry 5.0 Market Trends

Industry 5.0 Market Trends

The rising demand for customization and personalization in the industry 5.0 industry has significantly influenced the trends related to additive manufacturing (AM). There is a growing focus on developing new materials tailored for AM processes. Companies are investing in research and development to expand the range of materials compatible with AM, including metals, polymers, ceramics, and composites. This trend enables the production of functional end-use parts with properties that meet specific performance requirements. For instance, in March 2023, Stratasys Ltd., a leader in polymer 3D printing solutions, announced that Adroitec Information Systems Pvt. Ltd., a global engineering solutions provider, is Stratasys' newest channel partner. With Stratasys' advancement to manufacturing at scale, the partnership with Adroitec will further strengthen the ability to drive Additive Manufacturing (AM) adoption in the country.
 

The growing continuous advancements in robotics, AI, and machine learning technologies are fueling the evolution of Industry 5.0, characterized by the availability of increasingly intelligent and capable robots. These robots can autonomously adapt to changing environments, learn from experience, and make real-time decisions to optimize production processes. Key technologies driving the growth include computer vision, natural language processing, and reinforcement learning. For instance, in September 2023, Rockwell Automation announced it has signed a definitive agreement to acquire Canada-based Clearpath Robotics Inc., a leader in autonomous robotics for industrial applications. Autonomous mobile robots (AMRs) are the next frontier in industrial automation and transformation, and this acquisition will supercharge Rockwell’s lead in bringing the Connected Enterprise to life.