Innovation is what defines the electronics industry. Without its constant reinvention, technology would not be as advanced. We can only imagine the innovative technologies we will have tomorrow. Especially now that this industry will be powered by the implementation of Industry 4.0.
Industry 4.0 will have a positive impact on the electronics industry in Mexico
Leading electronics manufacturers in Mexico are yet to take full advantage of Industry 4.0 solutions. Having one of the leading electronics industries, Mexico has tremendous growth potential through the implementation of these processes.
Moreover, the companies that can correctly implement all key technologies brought by Industry 4.0 will be able to move to the next level of efficiency. Although it is not as simple as it sounds. This innovation is not something that will have the same solution for all companies.
Nevertheless, all effort put on implementing these technologies by manufacturers will pay greatly.
The electronics industry is not the only one that can benefit from the implementation of Industry 4.0. Mostly every manufacturing industry in Mexico will see innovation when they take full advantage of these solutions.
How does Industry 4.0 affect the industry in Mexico?
Industry 4.0 is the fourth industrial revolution the world is experiencing that began early this century. It automates production by using Cyber-Physical Systems (CPS), the Internet of Things (IoT), and the Internet of Services (IoS). This digitization allows the integration of processes and systems across companies and sectors.
It can greatly improve productivity and competitiveness in Mexico because it optimizes production. Industry 4.0 makes it easier for companies to collaborate and share information with manufacturers, customers, and suppliers.
Even though Industry 4.0 brings innovation to the industry itself, it has influenced people’s daily life styles. Some say it has gone as far as impacting people’s living behaviors and mindset. How? By making factories and products smart.
Citing IntechOpen: “Manufacturing systems and services are real time capable, inter-operable, modular, decentralized, virtualized, and service oriented. Supply Chains are fully visible, connected and integrated.”
This has a great impact on the electronics industry, as it allows the creation of more innovative technology. It is one of the main reasons why there has been great innovation in the goods produced by this industry.
Which goods are produced by the electronics industry?
The electronics industry is heavily involved in basically everything we use in our daily lives. Everywhere there’s people, there is most certainly something that works with electronic components. Technology rules our world and makes our lives easier.
To put it simply: the electronics industry designs creates and assembles electronic circuits that will power a device. Furthermore, it is powered by innovation as new technologies are to be developed in this industry.
From the calculator on our desks to our cell phones, to Mars rover and spaceships. Everything has at its core the involvement of the electronics industry. As long as it is powered by electricity, it was developed by this industry.
Mexico has the 7th largest electronics industry in the world, and it is not short of innovation. In 2018 alone, it registered nearly $9.6 billion USD in electronics production, with an average growth rate of 5.5%. It will keep only on growing with the aid of Industry 4.0. Thus, here at VYNMSA we would like to assist you in settling in this country.
We are one of the leading industrial real estate developers in Mexico. Plus, we have over 30 years of experience and have delivered over 500 projects to fully satisfied customers. We are also fully equipped to assist you in developing your BTS projects. All while offering lease and sale solutions that always have a win-win approach.
We also have around 20 inventory buildings ready for immediate occupancy. This is a total space of 2 million SqFt across Northeast and Central Mexico.
Contact us and bring your company to Mexico with VYNMSA.