NEW
YORK, July 23, 2024 /PRNewswire/ -- The
Southeast Asian (SEA) region is becoming a prime hub for
manufacturing, driven by the "China Plus One" strategy, where
companies diversify production beyond China. Global technology firm ABI
Research forecasts digital spending in SEA, covering Industry
4.0 technologies like robotics, automation, digitalization, data
analytics, connectivity, and worker enablement, to surge from
US$75 billion in 2023 to over
US$300 billion by 2028, growing at a
32% CAGR. This presents substantial growth prospects for smart
manufacturing solutions in SEA.
Stronger investments in the region by large Western players,
such as Apple, Microsoft, and Intel, demonstrate the region's
attractiveness in supporting their manufacturing activities.
"Recent visits by Apple Chief Executive Officer (CEO) Tim Cook and Nvidia CEO Jensen Huang to SEA are
some examples that highlight the increasing importance that this
region plays towards supporting the manufacturing activities of
these global players," says Matthias
Foo, Senior Analyst at ABI Research. "Beyond that, Chinese
automotive manufacturers, such as Hozon New Energy Automobile, GAC
Aion, and BYD, are also considering expanding their manufacturing
capabilities in the SEA region."
In addition to the influx of sizeable global manufacturing
entities into the region, the region is also witnessing the
increasing adoption of digital technologies by large domestic
players across various industry verticals, including but not
limited to Siam Cement Group, Republic Cement, KCE Electronics,
Vinamilk, Hoa Phat Group, SteelAsia, PTT Global Chemical, and Smart
Asia Chemical Bhd. Some of the commonly implemented solutions
include the use of manufacturing process software, such as Product
Lifecycle Management (PLM) and Manufacturing Execution Systems
(MES), and hardware solutions, such as robots, Automated Guided
Vehicles (AGVs), and Internet-of-Things (IoT) sensors.
However, supporting the digital transformation of manufacturing
activities within the region is challenging. Some SEA countries may
lack the necessary talent or energy infrastructure to support the
rapidly increasing number of manufacturers and the implementation
of advanced digital solutions. Additionally, with wages being
traditionally lower in this region than in more developed regions,
manufacturers will likely feel more disincentivized to implement
digital solutions, which may require high upfront capital
expenditure (CAPEX). "Manufacturers in SEA, especially domestic
firms, are not expected to transform their operations overnight
completely digitally. For firms that are just beginning on their
digital journey, ensuring that the right data collection and
storage strategies are put in place will be a critical starting
point for many enterprises," concludes Jake
Saunders, Vice President of Asia
Pacific and Research Director for ABI Research's Southeast
Asia Digital Transformation research service.
These findings are from ABI Research's Key Verticals and
Opportunities for Smart Manufacturing in Southeast Asia application analysis report.
This report is part of the company's Southeast Asia Digital
Transformation and Industrial & Manufacturing Markets
research service, which includes research, data, and ABI Insights.
Based on extensive primary interviews, Application
Analysis reports present an in-depth analysis of key market
trends and factors for a specific technology.
About ABI Research
ABI Research is a global technology intelligence firm delivering
actionable research and strategic guidance to technology leaders,
innovators, and decision makers around the world. Our research
focuses on the transformative technologies that are dramatically
reshaping industries, economies, and workforces today.
ABI
Research是一家国际科技情报公司，为全球科技领袖、创新人士和决策者提供实用的市场研究和战略性指导。我们密切关注一切为各行各业、全球经济和劳动市场带来颠覆性变革的创新与技术。
For more information about ABI Research's services, contact us
at +1.516.624.2500 in the Americas, +44.203.326.0140 in
Europe, +65.6592.0290 in
Asia-Pacific, or
visit www.abiresearch.com.
Global
Deborah
Petrara
Tel: +1.516.624.2558
pr@abiresearch.com
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SOURCE ABI Research