VINRA – MTA VIETNAM19/04/2023
VIETNAM INDUSTRIAL ROBOTICS AND AUTOMATION EVENT
For the first time, Informa Markets brings this extraordinary event out as part of MTA Vietnam – The Leading International Precision Engineering and Manufacturing Reinvented Exhibition and Conference taking place from 04 – 07/07/2023 at SECC, HCMC. VinRA provides a pivotal business platform dedicated to Industrial Automation and Robotic Technology. Here is the place where enterprises can approach robotic integration solutions, acquire leading automation systems and embrace AI in mass production.
In a new era of innovation, automation is now no longer a distant-future endeavor, but a real necessity to drive a sustainable world-leading manufacturing industry. Continuing in that vein, VinRA aims to move Vietnam’s manufacturing prospects through insightful activities that include Robots Showcases and Automation Demonstrations. All the sections in VinRA are designed to lead to groundbreaking changes in operational efficiency as well as sustainability through Automation & AI adoption.
INDUSTRY NEWS HIGHLIGHTS
1. Automation Dramatically Boosts Global GDP
Automating different tasks in manufacturing can raise productivity growth to 1.4% annually (McKinsey&Company, 2017).
The use of automation in three key industries including manufacturing will contribute $15.7 trillion to the global economy by 2030 (PWC, 2019)
Boosting robot installations to 30% above the baseline would lead to an estimated 5.3% boost in global GDP by 2030. This equates to adding an extra $4.9 trillion per year to the global economy (Oxford Economics, 2019).
2. Robot Makes Workforce’s Productivity Soar
By 2022, 42% of the time spent on manufacturing tasks will be automated using robots (World Economics Forum, 2019). As a result, 20 million manufacturing jobs will be lost to automation by 2030 (Oxford Economics, 2019).
7 out of 10 workers believe adopting automation in their organization will create better opportunities for them in higher-skilled jobs (McKinsey&Company, 2017). The main reason 57% of employers want to automate is to improve the productivity of their workforce. (Big Innovation Center, 2018).
3. Digital Management & Automation Is The Next Generation Of Sustainability
According to Schneider Electric, digital energy management and universal automation solutions can achieve the next generation of efficiency, resilience, and sustainability for the F&B industry. For example, EcoStruxure Automation Expert (an industrial automation system) can save 68% of new program design hours, increasing the technical and operational efficiency of the project by 25%, which is 3-4 times compared to some existing systems and Reducing energy costs by 20-30% (Schneider Electric, 2022).
4. AI Technology Is Undeniably Beneficial
Google Trends statistics show that currently, Chat GPT and OpenAI are two of the most searched keywords in Vietnam, which is the fever that makes technology forums crazy around the globe lately (Google Trends data, 2023).
Artificial intelligence (AI) has a particularly strong impact on the manufacturing and automotive industries. Predictions show that AI in the auto industry will experience a compound annual growth rate of nearly 40%, reaching $15.9 billion by 2027. (VNEconomy, 2023).
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