Topics In Demand
Notification
New

No notification found.

India Industry 4.0 Adoption: A Case to Mature Manufacturing Digitalization by 2025

February 28, 2022 4156 0 Industry 4.0

India Industry 4.0 Adoption: A Case to Mature Manufacturing Digitalization by 2025

Industry 4.0 is at an inflection point in Indian manufacturing, with more than two-thirds of Indian manufacturers embracing the digital transformation by 2025, thereby contributing to the goal of raising India’s manufacturing GDP to 25%. This research study aims to assess the adoption of Industry 4.0 across India’s manufacturing sector. In-depth inputs from 55 large and mid-sized discrete and process manufacturers and 25 technology providers reveal actionable insights.

4156

0

Download

Key Highlights

Global Industry 4.0 Adoption Positively Disrupted by COVID-19 With Emerging Economies Picking Up Pace More Rapidly

  • Industry 4.0 investments by manufacturing companies, at $102 Bn in 2021, comprise 20% of manufacturing tech spend
  • CapEx infusion of nearly $100 Bn by USA, UK, China, Japan, and India will pave the way for accelerated adoption by 2025
  • By 2025, digital technologies are estimated to comprise 40% of all manufacturing tech spend

Industry 4.0 has Evolved as a Set of Interconnected Technologies Spanning Entire Value Chains to Build for Smart Solutions

  • Industry 4.0 is the “connectedness” of technologies from embedded to integrated to seamlessly coupled from shop floor to smart products
  • Industry 4.0 has led to seamless integration of data and insights leading to new-age technology-led business metrics
  • Successful Industry 4.0 deployments focus on top-down initiatives broken into smaller projects, rather than aggregating PoCs

Indian Manufacturing has Started Pivoting to Digitalization, with $5.5 - $6.5 Bn Spent on Industry 4.0 in FY21

  • 50% of the Industry 4.0 spend is on foundational tech – Cloud and IoT.
  • 35 – 40% of the companies are at PoC stage and will need rapid PoC-to-production transition
  • In the next 18-24 months, companies plan to ramp up investments in emerging network tech, big data analytics, central and remote-controlled monitoring, and automation

Measurable RoI, Consistent Data Policy, Ecosystem Support, and Investments by GoI are Key to Accelerated Adoption

  • India’s manufacturing clusters or industrial corridor policy will be critical in creating smaller hubs for focused investment and innovation
  • MSME incentives through dedicated GoI contracts or industry-led initiatives will transform the 90% base of Indian manufacturing
  • Shifting focus from cost to incentives for quality and globally competitive solutions will boost adoption

 

Community by nasscom Insights is focused on building the largest online community catering to the Indian technology sector. The purpose of the community is to bring the latest trends and discussions onto a single platform. Our passion for tech drives the free-flowing exchange of ideas and visions from industry leaders and game-changers across India.



LATEST REPORTS

© Copyright nasscom. All Rights Reserved.