Taiwan’s machinery industry is moving to challenge the goal of NT$2 trillion (US$68.46 billion) in annual production value by stepping up the development of smart system integrating robots, sensors, connected machines, and big data applications.
According to the Taiwan Association of Machinery Industry (TAMI), Taiwan’s machinery industry saw its annual production value break the NT$1 trillion mark to hit NT$1.1 trillion in 2017, with its exports soaring 21.1% on year to US$25.6 billion.
Alex Ko, chairman of TAMI, said that industrial businesses worldwide are accelerating their procurement of smart machinery products while phasing out old ones.
Accordingly, the NT$2 trillion production goal is achievable in the foreseeable future if Taiwan machinery makers can enhance cooperation with domestic electronics firms to develop smart machinery systems and expand their applications, Ko pointed out.
Ko revealed that TAMI will release a Smart Machinery White Paper in May seeking to ask the government to help the domestic machinery industry establish an Internet of Machinery, develop smart mechanical boxes and sensors, set up smart machinery knowledge bases, and build machinery clouds – all of which will help accelerate the development of smart machinery and enable Taiwanese makers better tap into the immense global demand.
Sources: DIGI TIMES