Intelligent fastening removes the physical link between the tool and fastener. Designed with actuating mechanisms, intelligent fasteners feature embedded microchips that control the fastening process through digital instructions from a remote tool.
Allied Business Intelligence predicts that the worldwide automotive semiconductor market will expand to more than $17 billion annually by 2007, up from $12.3 billion last year. Strategy Analytics reports that electronic systems will grow to more than 30 percent of typical car cost, vs. today’s 20 percent.
Fasteners typically account for only 5 percent of vehicle production costs. Yet using fasteners in assembly systems can reach 40 percent of production overhead. Intelligent fastening potentially can reduce these costs through a new approach to automobile production and service.