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TO 465 - Velocity NextGen: Industry 4.0

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Industry 4.0 (4IR) : Background

Nine technology trends form the building blocks of Industry 4.0. Source: Michigan Manufacturing Technology Center

Industry 4.0: In-depth Market Analysis. Statista Market Insights Report. April 2023
Global Industry 4.0 Market Size and Share Analysis – Growth Trends and Forecasts (2023-2028). Mordor in EMIS. September 1, 2023; See section 5.2.7 Aerospace and Defense
Frost & Sullivan. (2023, April 03). Top 10 Growth Opportunities for the Automation and Manufacturing Industries.

Industry 4.0: Implementation

SIRI: The Smart Industry Readiness Index
International standard for Industry 4.0 benchmarking and transformation. Supported by the World Economic Forum & partners and adopted by over 850 manufacturers worldwide.
World Economic Forum. Centre for Advanced Manufacturing and Supply Chains
Netland, T., Maghazei, O., & Lewis, M. (2023). A better way to pilot emerging technologies. MIT Sloan Management Review, 64(3), 1-4.
Matevž Resman, Maja Turk, Niko Herakovič,. Methodology for planning smart factory, Procedia CIRP,Volume 97, 2021,Pages 401-406

Leading companies implementing 4IR

Global Lighthouse Network. World Economic Forum.
132 factories advancing Industry 4.0 technologies
Top 10 Smart Factories. Manufacturing. July 26, 2023

4IR applications in aerospace & avionics

Industry 4.0: Technologies

A Roadmap for Enabling Industry 4. 0 by Artificial Intelligence by Jyotir Moy Chatterjee (Editor); Harish Garg (Editor); R. N. Thakur (Editor)
ISBN: 9781119904854
Publication Date: 2023-02-01