Industry 5.0 or the Fifth Industrial Revolution is an exemplary shift toward the deployment of ingenious technology in the manufacturing procedures. The three pillars of this revolution are resilience, sustainability, and human-centricity. Its goal is to integrate human work with machines to utilize their strengths and receive the best outcome.
How is Industry 5.0 better than Industry 4.0?
The concepts of Industry 4.0 and Industry 5.0 intersect to certain degrees. The core of both approaches is the utilization of robots, artificial intelligence (AI), the Internet of Things (IoT), smart equipment, and Big Data. While Industry 4.0 significantly focuses on automation and tech innovations, Industry 5.0 lays emphasis on adding a human touch in automation to offer improved personalization to the customers. Its aim is to make industries flexible and create a positive impact on society.
Futuristic Developments in the Sector:
- Exoskeleton Technology: Exoskeletons are a form of wearable augmented technology consisting of lower and upper body parts, designed to enhance human effectiveness in physically demanding roles. They reduce physical strain of workers while handling materials and equipment, thereby boosting efficiency and promoting safety in industries.
- Additive Manufacturing: Also known as 3D printing, it has the potential to be a key aspect of Industry 5.0 in the future. This is attributed to its sustainable method of minimizing manufacturing waste. Additive manufacturing involves adding materials layer by layer to create a 3D object. For instance, IKEA is actively involved in designing modular and sustainable furniture using this technology.
- Motion Capture Technology (Mo-Cap): This technology makes use of optical cameras and inertial measurement units (IMUs) to capture human motion, including facial or fingertip movements, to create a 3D computer model. Mo-Cap technology finds applications in consumer safety technologies, teleworking, and robots.
- Digital Twin Technology: This is a software application which makes a digital replica of real objects, irrespective of their size. The replica aids in anticipating the performance of objects, thus enhancing the effectiveness of the production cycle. The technology makes use of software analytics and IoT to simulate the functioning of objects.
Competitive Landscape of the Industry 5.0 Sector:
Leading players in this sector invest in R&D to introduce innovative solutions with enhanced attributes. This strategy helps them to maintain their position in the sector of Industry 5.0. Recent product launches in the industry are:
Piher Sensing Systems introduces HCSO-1W:
In October 2023, Piher Sensing Systems, a subsidiary of Amphenol Corporation announced the introduction of its new open loop current sensor, called HCSO-1W. The device is based on Hall Effect technology and measures AC and DC currents in applications such as battery management systems, motor control, and industrial battery chargers.
Honeywell unveils Honeywell Digital Prime:
Honeywell International is an American tech company, launched Honeywell Digital Prime solution in June 2023. It is a cloud-based digital twin used to manage, track, and test system modifications and process control changes. The platform is a cost-effective finding for the oil & gas, chemicals, and sheet manufacturing industries.
Stratasys launches GrabCAD Print Pro Software:
Stratasys, a Cambridge, Massachusetts-based startup, launched GrabCAD Print Pro Software in April 2023. It is an advanced version of the GrabCAD Print, integrated with quality assurance features from Riven, a recent acquisition. The software is known to manpower, print time, and expenses.
Conclusion:
Industry 5.0 is a significant step toward the automation of industries, with profound emphasis on environment, humans, and social elements. The approach promises to transform the landscape of industries using the combination of cutting-edge technologies and human thinking, paving the way for a sustainable future.
