Technology is transforming the manufacturing sector. According to GE Capital's latest Mid-Market Report, technology is a $78.8 billion industry in Australia.
Manufacturing makes up roughly 40 per cent, or $31.2 billion of that figure. What this indicates is that manufacturers are increasingly embracing technology.
With this in mind, let's take a look at five of the key technology trends influencing the Australian manufacturing landscape.
While 3D printers have been around for a long time, it is only recently that this technology is becoming mainstream. An innovative new environment is created with the lower cost of 3D printers and the increased attention to the technology. This is an opportunity for Australian manufacturers to bounce back in a market that will be a multi-billion industry by 2020.