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IHS recently conducted a teardown of a pair of the smart glasses, putting together a bill of materials and an estimate of its manufacturing costs. While the totals might be surprisingly low, IHS says plenty else went into Glass to factor in the final $1,500 price of the groundbreaking device, including non-recurring engineering expenses, development and marketing costs, and other one-time outlays.
Although they have not realized initial projections, the Nissan Leaf and Chevy Volt have sold more units in their fourth years than the Toyota Prius did in its fourth year. Now there is also a plethora of other electric vehicle and plug-in hybrid vehicles joining these big three models on the market.
Because energy efficiency is not a factor in the initial capital equipment purchase process, operators are left to run equipment that gorges on electricity and pushes operating expenses overboard across its lifetime. Manufacturers must consider total cost of ownership.
Recovering global economic conditions will spur “quite impressive” growth in the worldwide industrial machinery market for the next four years, according to IHS. This growth is materializing from more need for consumer essentials such as cars and food, as well as oil and gas exploration, construction, and green energy.
Although individual market segments — motors and motor controls, digital machine controllers, and power-transmission equipment — will be driven differently, the common theme is still efficient operation. Market growth in Asia-Pacific will set the pace globally.
After a lackluster 2012, a rebound in the U.S. housing market fueled the expansion of industrial electronics usage in the building and home control market. However, there was also robust demand growth in military and civil aerospace as well as the medical market.
Enabled by communications and sensor technology, the global manufacturing business is on verge of what some are calling the fourth Industrial Revolution, or Industry 4.0. To capture and make decisions with intelligent, valuable information is to achieve efficiency, flexibility, and even product customization.
With just four months left before publicly traded electronics component manufacturers must report their conflict minerals usage, many are still without concrete reporting plans.
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