The trend in manufacturing is Just-in-Time (JIT), which increases the number of changeovers. Reducing the time required for a changeover, the more money manufacturer's save.
Unexpected Downtime in manufacturing lines occur due to the need to make fine adjustments to meet product specifications. Fine adjustments are made by stopping the production line and removing key components, costing millions.
The market for equipment manufacturing is +$100 Million market in Canada alone. U.S. and China combined is valued at over $550 Billion.
Die Cutting and Extrusion is used to squeeze, press and cut products into shape. For every unique shape, a custom die is needed.
A fluid is poured into a mold and hardened. Like dies, each mold has a unique shape and requires customization.
Manufacturers require more data so they can better monitor their manufacturing lines and compensate for potential issues before they arise.