The automotive industry is witnessing a bullish trend in adopting smart manufacturing. The industry is making large investments in smart technologies such as AI, IIoT, Automation, Big data, 5G, etc. to streamline and scale-up the automotive manufacturing process for higher efficiency and production capacity.
By the end of 2022, automotive manufacturers expect that 24% of their plants will be smart factories and 49% of automakers have already invested more than $250 million in smart factories. However, few automotive manufacturers have translated this enthusiasm into real progress – 42% of smart factory initiatives are struggling and the digital maturity of their manufacturing operations is below par*.
The Indian automotive sector has seen growth in its sales and increased adoption of critical manufacturing technologies is an important driving factor. It has led to delivering a best-in-class quality of products that are made available to the market in tandem with the demand due to better production capacity.
Rajesh Iyengar, CEO, Lincode: “The automotive industry has shown an impressive adoption of manufacturing technologies. The manufacturers are not hesitant to deploy technology or a solution that they know will bring them high ROI. For instance, our AI-backed visual inspection solution has made the inspection of the production lines much more efficient than the traditional vision systems. The manufacturers have seen a drastic difference with our solution. They see that microscopic surface defects were detected with the highest precision and accuracy within the established time cycles and now we have seen an ever-growing demand amongst the automotive manufacturers. I certainly believe the industry is now more than ready to invest in manufacturing technologies. The future of smart automotive manufacturing is very promising.”
Ralf Mueller, Managing Director, Global Automotive Alliance: “Digitalization and continuing pressure in the automotive industry with regards to quality, efficiency, and product/process-optimization are a daily challenge to OEMs, System Suppliers, and component manufacturers. All players along the supply chain are aware of the necessity to identify suitable smart manufacturing (industry 4.0) tools, however, in many cases the global overview, in-house knowledge, experiences, and internal resources are limited to successfully scout, develop & implement tailored solutions in the own facilities. This is why GAA has selected a group of unique smart manufacturing (industry 4.0) innovation providers that can be accessed by the automotive industry as part of the “GAA Smart Manufacturing Toolbox. Lincode, as a smart manufacturing solution provider, offering a unique Visual Inspection Technology with Computer Vision and Artificial Intelligence was chosen by the GAA specialists to cover the visual inspection tasks & challenges of the industry.”
Lincode is a leading AI-powered visual inspection company with multiple patent-pending defect detection capabilities. We are backed by rich engineering expertise and have a strong global presence. It’s a pure-play product development and engineering R&D company of its kind to offer high-end services and solutions to all major industries with customers across the globe.
Lincode has a presence in the US, Europe, and India. Lincode Labs has also created Smart Manufacturing AI, AR, and Robotics Consortium (SMAARC), an ecosystem of industrial partners, to accelerate the future of manufacturing technology and innovation.
About Global Alliance Automotive AG
As a worldwide group of 19 independent business development & engineering service providers located in 15 countries all over the world, GAA provides industry experience and domain knowledge in the Automotive and Manufacturing segments. The main task of the GAA satellite offices is to establish a sustainable presence for its clients (represented suppliers/ innovation providers) at specific OEMs and/or First Tier Suppliers. The technical & commercial sales team of the GAA engineering offices is constantly present in the development, purchasing, production, logistics, quality, and financial departments of the OEMs and System Suppliers with the target to generate “nominations & mass production assignments” for its clients. With its global team of more than 230 skilled & experienced technical specialists, GAA represents on a daily basis around 170 innovative automotive component manufacturers & technology providers - most of the relationships to its clients and customers are in place for decades.