Technology, globalisation, and the emergence of Asia have all had a significant impact on the manufacturing sector in recent decades. Singapore has embraced Industry 4.0 in response to these global trends, and is expanding its industrial base up the value chain to cement its position as the world's top manufacturing hub.
Singapore’s manufacturing industry accounts for roughly 21% of the country’s overall GDP, or $106 billion and is very important to the workforce, employing over 450,000 people, or around 12% of the country’s total workforce. It has been chosen as a strategic manufacturing location by leading companies and is also the world’s fourth largest exporter of high-tech goods, producing five of the top ten pharmaceuticals and the fifth largest producer of refined oil. Top Engineering, Procurement, and Building businesses with expertise in facility engineering and large-scale construction, as well as research institutes that can collaborate directly with enterprises to produce cutting-edge solutions with global impact, are all part of the ecosystem.
The manufacturing sector in Singapore is constantly evolving and has long been known for its ability to innovate in order to keep ahead of the competition. From robotics and additive manufacturing to predictive analytics and artificial intelligence, this entrepreneurial attitude has fueled an ecosystem that is generating some of the most intriguing developments in manufacturing today. It has also enticed multinational manufacturing companies to collaborate with Singapore in the testing, experimenting, and trialling of cutting-edge technology.