Electronic Manufacturing Industry Statistics and Growth Projections
These trends demonstrate that there are a variety of influences changing the industry. The following are several key statistics that have been featured because of this. Some of the most notable include: - Hourly downtime impacts most businesses, with 98% saying that it costs them $100,000 or more per hour.
- Predictive maintenance may decrease expenses by 20%.
- Unplanned outages can be reduced by up to 50% by predictive maintenance.
- 72% of large companies require 99% minimum uptime.
- Electronic manufacturing is expected to grow by roughly 8% by 2025.
- 50% of IoT spending is projected to focus on transportation, logistics, and discrete costs.
- 40% of IoT customers prefer doing business with an established company.
- 63% of companies believe that investing in IoT devices will increase profitability.
- 3/4 of companies will have digitized their supply changes by 2021.
- Close to 1/3 of companies have already implemented IoT into their devices.