Engineering Industry Trends And Developments Over The Past Ten Years

By May 3, 2019
Engineering Industry Trends And Developments Over The Past Ten Years

The year 2019 is expected to observe an evolution in the existing engineering technologies as compared to engineering innovation. Experts say that the future of engineering-power technologies is here and is making an active impact on a plethora of industries across the globe. Change has been happening in past years from the development of 4G technology, evolution and sophistication of automation, and the introduction of futuristic technologies such as Artificial Intelligence, Big Data, and Data Analytics.

Rapid changes are expected to take place in the trends and processes of engineering technologies in the years to come. There has typically been a shortage of a skilled and experienced workforce in the industrial engineering sector which continues to remain. To stay relevant, engineers and aspiring engineers must stay updated with the latest engineering developments, be familiar or proficient in new computer languages, as well as understand the general multi-disciplinary trends of the market.

Although the common belief is that the spread of AI will eliminate jobs, it is expected to create a demand for new skill sets which will reap futuristic opportunities.

Development of The Engineering Industry Across The World

  • The engineering industry began improving with sophisticated and intelligent smartphones which would cater to more processes than a standing desktop or a laptop. Intelligent and innovative built-in features were introduced in smartphones of various shapes and sizes to tap on the growing demand worldwide.
  • Faster and more sophisticated mobile networks were introduced. The technology got better, work being performed became more layered and critical with more and more people depending on their smartphones for carrying out business operations (on the cloud) while being at remote locations.
  • The introduction of the 4th industrial revolution had a significant influence on the engineering industry. The Fourth Industrial Revolution, a term coined by Professor Klaus Schwab in 2016, explains how physical, digital and biological systems will be integrated in the coming future.

In the meantime, there has been a rise in the number of factories and industrial operating units following the principles of the 4th industrial revolution. It holds the essence of automation and robotics, which has been incorporated in the manufacturing systems to create an integrated approach. Automation in factories has opened profitable opportunities and business prospects in the engineering market.

This has made changes pertaining to the speed, force, and scale of companies, as well as how companies were being prepared.

Major Trends Impacting The Engineering Industry

Introduction of futuristic technologies:

There has been a rise in disruptive technologies of Augmented Reality (AR), Artificial Intelligence (AI), Additive Manufacturing (AM), 3D printing as well as Virtual Reality (VR). These IT-driven trends have shaped the evolution of engineering industry trends in the past decade. Engineers have been at the forefront of innovation and research & development. Benefits of emerging as well as new technologies are being harnessed and have become important tools for engineers and designers.

Internet of Things (IoT):

By 2009, the market for Internet of Things (IoT) was already mature and was seeing a rise in the number of companies participating in making direct applications of it. Today, it is finding more innovative applications in lesser-known industrial appliances. In the past years, the internet was not ready for carrying out multi-screen real-time manipulation of data, but today it is. Through the years, the development of 5G connectivity has helped technologies and large computer systems perform efficient business operations from remote locations. IoT, also known as the Internet of Everything (IoE), is helping manufacturing plants not only work in intra-plant synergy but also remain updated about the potential threats and malfunctioning.

Development of Smart Cities:

The development of smart cities has also been gaining popularity, especially in devloping regions of the world. Engineering professionals are devoting time and energy in designing, planning, maintaining as well as predicting threats related to smart cities. The development of smart infrastructures has been popular in developing economies which are trying to judiciously use energy, land, feedstock resources while maintaining an overall budget. Demand for smart parking, surveillance cameras (CCTV), traffic sensors, and smart lighting have played a vital role in the journey of engineering developments in the past years.

Emergence of Automation, M2M and H2M concepts:

Automation, H2M (Human-to-Machine), and M2M (Machine-to-Machine) concepts have emerged and are gaining popularity. Though a lot is yet to be established and corrected, there has been rapid development in the chemical, biomedical, computer as well as mechanical engineering field which has shaped these concepts. Automation has slowly developed in the past decade and is expected to actively play a role in how companies perform their everyday operations. It is expected to occupy center stage in the upcoming digital transformation. The industrial workforce will be employed to monitor the automation devices through the use of IoT-powered sensors and AI devices in order to predict and curate futuristic areas of improving efficiency.

Engineering industry players are keen to employ human resources who specialize in forward-thinking leadership, who have innovative and imaginative ideas pertaining to H2M (Human-to-Machine) and (Machine-to-Machine) concepts. Increasing concerns for cybersecurity and sustainable engineering operations is also a trend to look out in the coming years.

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