5G will boost automation and audit of production processes

ABI Research has revealed that the number of future 5G connections will revolutionise the factory floor industry and create revenue of over one-hundred and eighty-four million dollars through the five million plus 5G connections predicted to be on the factory floor by 2026. This will result in a significant six-hundred and twenty-three percent increase in compound annual growth between 2021 and 2026.

A Research analyst at ABI Research, Leo Gegs, stated: “As a technology, 5G will be a perfect fit to provide wireless connectivity on the factory floor since it enables, for example, establishing a massive wireless sensor network or implementing Virtual Reality and Augmented Reality applications for predictive maintenance and product monitoring. Therefore, 5G offers immense operational benefits and productivity enhancements to the implementing manufacturer. Furthermore, the technology opens up new production opportunities by enabling artificial intelligence applications to be integrated into manufacturing processes. It is therefore, highly important for network operators and infrastructure vendors to develop new business strategies taking into manufacturers’ requirements. Centrally, this should include moving away from selling connectivity as such and develop attractive pricing models for additional network capabilities.”