Taiwan’s:(pr) 5G Upgrades Taiwan’s Smart Machinery
5G is already here! So, what new developments and opportunities will
the machine tool industry have? What exactly does 5G bring to the
machine tool industry? The first thing it does is to create changes in the
market demand for machine tools, electronic components and related
products as those that do not meet the new generation’s
communication standards are bound to be eliminated. Due to the
current soaring prices of electronic component materials related to 5G,
caused by rapid growth of the “digital economy” in relation to COVID-19,
the commercial application of 5G has been ignited already. In this
context, producing the machine tools that meet the needs of 5G product
processing is equivalent to owning a vast market. 5G is not only
transforming market demand, the development of machine tool
technology and the interdependence between factory equipment and
the change of the connection mode, it is quite literally the “Iink of
everything” and ushering in a new industrial revolution.
On the other hand, with the advent of the 5G generation, the global
deployment of 5G base stations has accelerated. The research institute,
Prismark, believes that the 5G generation stimulates the demand for
communication printed circuit boards (PCBs), and a sharp increase in the
demand for new generation communication. The PCB industry chain is
one of the rapidly growing industries worldwide. According to the
predictions of the Market Intelligence & Consulting Institute (MIC), the
global 5G manufacturing market will grow to US$42 billion by 2026, with
the main application markets being equipment monitoring, AGV/AMR
and digital twin.
Despite various countries gaining gradual control over COVID-19 and the
resumption of production and of business for global enterprises, the
economic damage around the world caused by the epidemic means full
recovery will take time. However, although Dongtai’s machine tool-
related business has been hit hard due to the pandemic, it has recently
benefited due to 5G opportunities. The operation of Dongtai’s electronic
