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  4. > Financial Impact of Converging Business Models In Manufacturing : Hidden Role of Surface Mount Technology (SMT) in Smart Factories

Market Scenario

•In a significantly penetrable market environment, the inevitable competition forces manufacturers to innovate and adapt various aspects of the manufacturing system.
•In this regard, the dawn of smart factories, considered to be the 4th industrial revolution or Industry 4.0, will create a notable convergence of business models in manufacturing units. Furthermore, the dominance of Surface Mount Technology (SMT) will also be higher in smart factories.

Market Definition

Business model convergence is the integration of multiple state-of-the-art technologies and self-organizing devices in order to convert existing manufacturing ecosystems into smart factories with higher efficiency and productivity.

Irrevocable Need for Business Model Convergence in Manufacturing

•Manufacturing convergence leads to dawn of smart factories.
•Smart factories comprise self-organizing machines that enhance operational profitability and process productivity.
•Smart factories do not follow traditional manufacturing strategies; instead, they integrate various operations leading to a reduction in time-to-market.
•Business model convergence improves flexibility, adaptability, and brand recognition for manufacturers.
•Through plant-wide Internet connectivity, the integration of manufacturing plants in different nations can be done with ease.

Table Of Contents

Financial Impact of Converging Business Models In Manufacturing : Hidden Role of Surface Mount Technology (SMT) in Smart Factories
Executive Summary 4
Market Overview and Definition 6
Importance of Business Model Convergence across Manufacturing 8
Cyber-Physical System and Virtualization 10
• Cyber-Physical Systems (CPS)—Smart Factories 11
• Virtualization—Smart Factories 12
• Advantages and Challenges of CPS 13
Plant-Wide Network Connectivity 14
• Plant-Wide Network Connectivity—Smart Factories 15
• Advantages and Challenges of Plant-Wide Network 17
Optimized Process Control and Simulation 18
• Optimized Process Control—Smart Factories 19
• Simulated Manufacturing—Smart Factories 20
Smart Factory in Surface Mount Technology (SMT) Perspective 21
• Surface Mount Technology (SMT) Perspective—Smart Factories 22
• Advantages of SMT—Smart Factories 23
The Last Word 24
The Frost and Sullivan Story 27

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