The Global Industry 4.0 Market Size Was Valued At USD 114.55 Billion In 2021. The Market Is Projected To Grow From USD 130.90 Billion In 2022 To USD 377.30 Billion By 2030, Exhibiting A CAGR Of 16.3% During The Forecast Period.
Industry 4.0 Market Overview
Global Industry 4.0 Market Size, Status, and Forecast 2023-2030. In-depth research accumulated to offer the latest insights about acute features of the global Industry 4.0 market. This report provides a detailed overview of key factors in the Industry 4.0 Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. The impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for Industry 4.0 in a special period. This report also compares the markets of Pre COVID-19 and Post COVID-19. In addition, research considers the impact of the COVID-19/Russia-Ukraine War on the regional economy.
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Market Overview:
Our research shows that the world market grew by an average of 13.9% from 2019 to 2020.
ABB Ltd., Siemens AG, and Cognex Corporation, among others, all offer solutions in the area under consideration. ABB Ltd. has a number of products for industry 4.0, such as robotics, PLC automation, control room solutions, motors, and generators. In a similar way, Siemens AG offers technology for transportation, industrial automation, and building.
The growth potential of the market is being driven by rising trends of digitization and internet penetration, which are caused by an increased focus on effectiveness and profitable productivity in many sectors. Recent changes in digital technologies and industrial computerization have made it more likely that the industrial value chain will be changed. As a result of the fourth industrial revolution, companies are making more money, making services more personalised, cutting costs, becoming more efficient, and making more money (i4.0). But most importantly, new ways to make money and run a business are being made.
Some of the key players profiled in the study are
ABB Ltd (Switzerland), Siemens AG (Germany), Cognex Corporation (U.S.), Schneider Electric SE (France), Honeywell International Inc. (U.S.), Emerson Electric Co. (U.S.), Rockwell Automation, Inc. (U.S.), General Electric Company (U.S.), Robert Bosch GmbH (Germany), Cisco Systems Inc. (U.S.), and Others.
Industry 4.0 Market Segmentation:
By Application:
- Industrial Automation
- Smart Factory
- Industrial IoT
- Others
By Vertical:
- Manufacturing
- Energy & Utilities
- Automotive
- Oil and Gas
- Aerospace and Defense
- Electronics and Consumer Goods
- Others
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia, and New Zealand, etc.
Regional Insights:
Smart manufacturing is becoming more and more popular in North America, and it is expected that these companies will control the market. Most factories today have modern equipment and smart factory technologies. This means that other companies can switch from traditional production methods to smart manufacturing. North America is a dynamic region for the growth potential of the market because it has a lot of big players, a lot of government programmes, and more money for R&D.
Europe had the second-largest share of the global market for industry 4.0 in 2021. European businesses have put a lot of money into technology and skills in order to keep their place on the international market. The use of connected things and automation technologies in German industry has led to the fourth industrial revolution. Because of connections, networked objects, real-time data processing, and the fact that information is everywhere, industry paradigms are changing. Tech giants like General Electric, Siemens, and Honeywell were some of the first companies to use i4.0, so they are way ahead of the curve when it comes to putting it to use.
Japan, China, and South Korea are leading the growth of the Asia-Pacific market because they work hard to integrate industrial automation and disruptive technologies into the value chain of their manufacturing systems. The plan covers the top 10 industries, such as artificial intelligence, advanced robotics, electric vehicles, and semiconductors. This government-run industrial programme, which was modelled after the i4.0 development plan of the German government, aims to make China the world leader in high-tech manufacturing. Japan announced its Society 5.0 programme, which aims to solve problems in the industrial, social, and economic fields.
For example, in September 2020, Siemens AG opened an Advanced Manufacturing Transformation Center (AMTC) in Southeast Asia to help with i4.0. Businesses in Southeast Asia will benefit from the training, help, and direction that this gives.
Latin America, the Middle East, and Africa are all taking steps to help the fourth industrial revolution. This is because they know how important it is to use digital technology to keep the global economy going. For example, the government of the Middle East planned to work with the World Economic Forum in October 2020 to help the transition to industry 4.0. The UAE’s economy has once again shown that it can be the best in the world by solving the big problems caused by digital transformation and new technologies. The goal of the plan is to help the national economy even more and make it even more of a major global hub. Leading players in Brazil have also teamed up to promote the use of technology tools and speed up the spread of cutting-edge technologies.
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Table of Content of Industry 4.0 Market:
1: Introduction, market driving force product Objective of Study, and Research Scope of the Global Industry 4.0 market (2023-2030).
2: Exclusive Summary – the basic information of the Global Industry 4.0 Market.
3: Changing Impact on Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Global Industry 4.0; Post COVID Analysis.
4: Presenting the Global Industry 4.0 Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
5: Displaying the by Type, End User and Region/Country 2017-2022.
6: Evaluating the leading manufacturers of the Global Industry 4.0 Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile.
7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2023-2030).
… To be continued
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Key Questions Answered in the Industry 4.0 Market Report:
- How much was the global Industry 4.0 market in 2022?
- How much will the global Industry 4.0 market worth in 2030?
- At what compound annual growth rate will the global Industry 4.0 market grow?
- Which segment is estimated to lead the Construction Robot market during the forecast period?
- What is the key market driver for the growth of the global Industry 4.0 market?
A wealth of financial data & business strategy information is provided including:
- Up-to-date company financials, sales & revenue figures.
- Revenue and market forecasts.
- Business model strategies for niche companies.
- A comprehensive explanation of company products, financials & portfolios.
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