DIGITAL MANUFACTURING. REIMAGINED. slide image

DIGITAL MANUFACTURING. REIMAGINED.

Industry 4.0 is Disrupting Traditional New Product Development Cycles and Creating Challenges for Corporates Industry 4.0 Digitization of product development Reshoring of manufacturing Mass customization Dynamic, real-time data driven consumer preferences Higher value add, Challenges Continuously rising R&D spend 1 New products contribute more to total revenue² $445bn in 2010 in 2021 $600bn The next industrial revolution is accelerating the pace of manufacturing innovation % of revenue from new products 31% in 2010 40% in 2017 U.S. utility patents secured at lower cost with shorter lead times ESG focus Accelerating pace of new product launches³ Source: Market study outlook by leading industry consultant 1 Values rounded to the nearest multiple of five; 2 New Product Vitality Index; 3 Total U.S. utility patents (patents for invention) granted, rounded to the nearest multiple of five 220k in 2010 355k in 2019 FATHOM Fathom Proprietary and Confidential 13
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