Reliability assessment refers to the process of evaluating reliability of components or systems during their lifespan or prior to their implementation. In the manufacturing industry, the reliability of systems is directly linked to production efficiency, product quality, energy consumption, and other crucial performance indicators. Therefore, reliability plays a critical role in every aspect of manufacturing. In this review, we provide a comprehensive overview of the most significant advancements and trends in the assessment of manufacturing system reliability. For this, we also consider the three main facets of reliability analysis of cyber–physical systems, i.e., hardware, software, and human-related reliability. Beyond the overview of literature, we derive challenges and opportunities for reliability assessment of manufacturing systems based on the reviewed literature. Identified challenges encompass aspects like failure data availability and quality, fast-paced technological advancements, and the increasing complexity of manufacturing systems. In turn, the opportunities include the potential for integrating various assessment methods, and leveraging data to automate the assessment process and to increase accuracy of derived reliability models
