Opportunities in Singapore’s Manufacturing Sector in the Era of Industry 4.0
Published: November 2022In this issue of ASEAN Briefing magazine, we provide an overview of the factors favoring Singapore’s ability to adopt Industry 4.0 and key advantages as a result. We then explore the country’s sub-sectors with high growth potential under Industry 4.0. Finally, we highlight the incentives available to foreign businesses for innovation, research, and capacity upgrades.
Singapore’s manufacturing sector is well-positioned to face the challenges and reap the benefits of Industry 4.0. As an established regional powerhouse for advanced manufacturing, the country has already embraced Industry 4.0 and is steadily moving its production base up the value chain.
By making use of technologies that are part of Industry 4.0, Singapore’s world-class manufacturing system has become the fourth largest global exporter of high-tech goods, ranging from medical devices to pharmaceutical products to electronics.
In this issue of ASEAN Briefing magazine, we provide an overview of the factors favoring Singapore’s ability to adopt Industry 4.0 and key advantages as a result. We then explore the country’s sub-sectors with high growth potential under Industry 4.0. Finally, we highlight the incentives available to foreign businesses for innovation, research, and capacity upgrades.