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Drivers of and Challenges Facing Adoption of Industrial Revolution 4.0 Technologies: A Study of the Electrical and Electronics Industry in Malaysia

Author

Listed:
  • Khai-Leang Yeap

    (Asia Europe Institute, Universiti Malaya)

  • Rajah Rasiah

    (Asia Europe Institute, Universiti Malaya)

  • Fumitaka Furuoka

    (Asia Europe Institute, Universiti Malaya)

Abstract

This paper examines the main drivers and challenges of adopting Industrial Revolution (IR) 4.0 technologies in the electrical and electronics (E&E) manufacturing industry in Malaysia. The E&E industry is selected as a case study because it is Malaysia’s largest contributor to manufacturing employment, value added and exports. The empirical findings indicate that the two strongest drivers for adoption are internal benefits associated with improvements in production efficiency and cost reduction. The findings also suggest that the biggest challenges faced by the E&E industry are the shortage of necessary talents and skills, limited funds available for technological upgrading, and a lack of convincing business evidence to justify such investment.

Suggested Citation

  • Khai-Leang Yeap & Rajah Rasiah & Fumitaka Furuoka, 2024. "Drivers of and Challenges Facing Adoption of Industrial Revolution 4.0 Technologies: A Study of the Electrical and Electronics Industry in Malaysia," Malaysian Journal of Economic Studies, Faculty of Business and Economics, University of Malaya & Malaysian Economic Association, vol. 61(1), pages 35-49, January.
    • Handle: RePEc:mjr:journl:v:61:y:2024:i:1:p:35-49
    DOI: 10.22452/MJES.vol61no1.3
    as

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    More about this item

    Keywords

    IR 4.0; technology adoption; electrical and electronics; Malaysia;
    All these keywords.

    JEL classification:

    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • L63 - Industrial Organization - - Industry Studies: Manufacturing - - - Microelectronics; Computers; Communications Equipment

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