Global Industry 4.0 Market Overview

The Global Industry 4.0 Market size is expected to grow from USD 104.83 billion in 2022 to USD 456.79 billion by 2030, at a CAGR of 20.2% during the forecast period (2023-2030).

Industry 4.0 is transforming the way businesses make, enhance, and distribute their products. Manufacturers are implementing new technologies, such as the Internet of Things (IoT), cloud computing and analytics, AI, and machine learning, into their production facilities and methods. These smart factories collect and analyze data using advanced sensors, embedded software, and robots, allowing for better decision-making. When manufacturing data is combined with operational data from ERP, supply chain, customer service, and other corporate systems, previously isolated data gains new levels of visibility and insight. Digital technologies provide more automation, predictive maintenance, self-optimization of process improvements, and, most crucially, a new degree of efficiency and responsiveness to consumers not before achievable. By establishing smart factories, the manufacturing industry has a lot of potentials to reach the fourth industrial revolution. Analyzing massive amounts of big data collected from plant sensors provides a real-time view of production assets and tools for doing predictive maintenance to decrease downtime.

Industry 4.0 Market

Market Dynamics And Factors For Industry 4.0 Market

Drivers:

The use of AI and IoT technologies in industrial manufacturing has accelerated since the start of Industry 4.0. Integrated AI and IoT systems allow for the optimization of production processes, the sending of early alarms, quality control, and the prediction of equipment failure in machines. Manufacturers may differentiate themselves from their competitors by acquiring accurate data and developing unique AI applications. The breakout of the COVID-19 pandemic in 2020 will put the industrial sector to the test. Manufacturers were compelled to innovate their manufacturing methods due to movement limitations, forced lockdowns, and a lack of manpower. As a result, the usage of AI and IoT in industrial processes has accelerated even further. In the lack of a regular crew in manufacturing plants, activities such as condition monitoring and equipment maintenance were carried out with the aid of AI and Machine Learning (ML) algorithms. For quality control in manufacturing, machine vision is widely utilized. It is more effective, cost-effective, and time-saving than manual inspection. AI and IoT are also being utilized in manufacturing units for predictive maintenance to determine the need for repairs and spare parts, as well as the duration of the equipment life-cycle. This reduces the amount of downtime caused by unplanned repairs and maintenance. The usage of AI and IoT in manufacturing will become widespread in the future years, based on a cost-benefit analysis of leveraging these technologies in the manufacturing industry. AI and IoT are already being pushed by companies like Cisco, Intel, Honeywell, and IBM in the industrial industry.

Restraints:

Existing workforces are taught to operate the most up-to-date equipment and software systems that incorporate IoT and AI technology. Though enterprises are quick to adopt new technologies, there is a scarcity of highly educated engineers and a staff that is up to date on AI and IoT advances. For example, the non-durable manufacturing business in the United States and Europe is challenging to locate experienced engineers who can comprehend the software incorporated in next-generation AI and IoT integrated systems, causing the manufacturing process to be hampered. Due to a lack of educated workers, emerging economies also struggle to apply industrial automation and carry out next-level industrialization. As a result, the absence of a trained workforce works as a stumbling block to the economy's progress.

Opportunities:

Over the last five years, AI and IoT technologies have swiftly penetrated the medical market. Medical wearables have begun to include AI and Internet of Things (IoT) technology, resulting in a unified hospital environment. A wearable gadget linked with clever algorithms, for example, may monitor glucose levels and automatically supply the exact quantity of insulin to diabetic patients via continuous glucose monitoring. Mobile personal emergency response systems (mPERS) have seen a surge in demand as a result of the COVID-19 pandemic since they allow for remote patient monitoring. These technologies let hospital workers maintain track of patient conditions 24 hours a day, seven days a week without having to physically interact with them, reducing the danger of infection.

Challenges:

The Internet of Things (IoT) and artificial intelligence (AI) are essential components of smart industrial systems. The notion of Industry 4.0 is predicated on device connection throughout the whole ecosystem. Because it is impossible to verify where the data is coming from or going at the other end from a security standpoint, this interconnectedness causes security flaws throughout the system, which can result in potentially compromised operations. As a result, the most significant cybersecurity problem for smart manufacturing on the factory floor is data visibility.

Segmentation Analysis of Industry 4.0 Market

By Technology, the Industrial Sensors segment dominates the Industry 4.0 Market. The fourth industrial revolution has already begun, and the advantages of using new disruptive technologies are becoming increasingly apparent in today's businesses. Industry 4.0 solutions are also being pursued by IT behemoths like AT&T and Google. The Industrial Internet of Things (IIoT), a subset of the Internet of Things, is used for industrial applications including manufacturing and supply chain management. In most industries, including automotive and healthcare, the expanding usage of IIoT is likely to boost demand for sensors. Customers can benefit from systems that integrate sensor technology with computational power to increase productivity. Because of their capacity to monitor and handle vibration and noise signals, smart sensors are becoming more popular in various industries such as petrochemical, semiconductor, food processing, and transportation. Smart sensors are equipped with the capacity to gather, transmit, and process data. As a result, they can identify machine health and anticipate the possibility of failure, supporting the industrial industry in lowering maintenance costs and increasing cost savings by reducing downtime. Therefore, the segment is expected to continue its domination in Industry 4.0 Market.

By Application, Industrial IoT is expected to dominate the Industrial 4.0 Market. Industrial automation uses a variety of technologies to assist eliminate the need for human interaction. It also aids production operations in terms of flexibility and quality. Industrial IoT (Internet of Things in Industry) combines two revolutionary developments. Several industrial equipment manufacturers have been enticed to use IoT technology due to the potential benefits. Manufacturers can evaluate the current status of machines, improve their performance, and anticipate possible faults while planning maintenance programs by connecting industrial equipment utilizing wireless connections and receiving sensor data from the same. Smart factories make it possible to meet each customer's needs profitably. The dynamic business and technical processes of this technology allow manufacturing end-process adjustments and transmit the capacity to respond flexibly to disorders and failures in place of suppliers.

By Vertical, the Manufacturing segment is expected to dominate the worldwide market. The automotive, transportation and chemical industries are expected to be the most potential verticals for i4.0 implementation. Over the last several years, the use of intelligent robots and machines in the manufacturing industry has increased. Investments are being made in research and development to create an integrated system in which robots and humans may collaborate to complete difficult tasks via sensor-connected human-machine interfaces. During the projection period, sophisticated solutions will be widely adopted in the automobile industry. Technology-enabled plants can track production equipment and processes to spot potential issues before they create production disruption. Automobile manufacturers who are equipped for Industry 4.0 may also customize specific automobiles and shorten delivery times. Vehicle configurations must be modified to meet the changing needs of customers. The IIoT-enabled gadget, unlike traditional vehicle manufacture, enables customization of the dashboard and steering wheel.

Regional Analysis of Industry 4.0 Market

Europe region is dominating the Industry 4.0 Market. In 2020, Europe had the largest share of the industry 4.0 market. To preserve its position in the global market, the European industry has made significant investments in technology and capabilities. The fourth industrial revolution has been ushered in by the deployment of linked things and automation techniques in German industry. Industry paradigms are altering as a result of the emergence of connection, networked items, real-time data processing, and omnipresent information. Siemens, Honeywell, and General Electric are among the early users of the software and are substantially ahead of the curve in terms of deployment.

The North American region is expected to dominate the Industry 4.0 Market during the forecasted period attributing to the growth rate in industrial digitalization. The majority of factories on the market are now equipped with modern machinery and smart factory technologies, allowing other enterprises to shift from traditional to smart production processes. Major market competitors, government efforts, and increased financing for research and development activities are all important aspects that make North America a dynamic place for market growth.

The Asia Pacific is the fastest-growing region in Industry 4.0 Market. Due to their extensive steps to embrace industrial automation and use disruptive technologies in their manufacturing system value chain, Japan, China, and South Korea are leading the market growth in the Asia Pacific. China's government started a ten-year program named "Made in China" in 2015, which would run through 2025. Semiconductors, sophisticated robotics, electric autos, and artificial intelligence are among the top 10 industries covered by the strategy. This state-led industrial policy, which was inspired by Germany's fourth industrial revolution growth plan, aspires to make China the worldwide leader in high-tech manufacturing. Japan's Society 5.0 initiative was developed to solve the country's economic, social, and industrial concerns.

COVID-19 Impact on Industry 4.0 Market

The COVID-19 pandemic had a considerable influence on the key nations involved in the Industry 4.0 industry. Various regions continue to be impacted, and governments in these areas are responding to the epidemic in a variety of ways. The industrial industry is experiencing enormous hurdles as the COVID-19 epidemic continues to flare in North America and developing Asian countries. Since the third quarter of 2020, the US automobile sector, which is one of the world's largest, has been stagnant. Due to dwindling demand, several automobile businesses have scaled back their production operations across the area, rendering automation technologies like IoT, AI, and Blockchain, which were previously utilized at these facilities, obsolete. Mexico is a major benefactor of North America's automobile sector. The Mexican automotive sector, on the other hand, has suffered a considerable loss as a result of the significant reduction in vehicle output. The COVID-19 epidemic has wreaked havoc on the Asia Pacific, which is home to some of the world's largest emerging economies. The APAC region's electronics manufacturing industry accounts for 70% of the overall global electronics industry. Due to the pandemic, China, as the world's electronics manufacturing powerhouse, has seen significant losses in this area in FY2020. Hence the revival of the manufacturing industry from pandemic restrictions is expected to support the industry 4.0 market.

Players Covered in Industry 4.0 Market are

  • General Electric
  • IBM
  • Siemens
  • ABB
  • Emerson Electric
  • Honeywell International
  • Advantech
  • Basler
  • Cisco Systems
  • 3D Systems
  • Techman Robot
  • AIBrain
  • Addverb Technologies
  • Cognex Corporation
  • Intel
  • John Bean Technologies Corporation
  • Nvidia
  • Stratasys
  • Daifuku
  • Universal Robots
  • Algolux and other major players.

Key Industry Developments In Industry 4.0 Market

October 2021, Nokia has unveiled the industry's first cloud-native, mission-critical industrial edge solution, allowing businesses to accelerate their OT digitization program and progress toward Industry 4.0

February 2021, ABB has introduced the SWIFT cobot, which has a payload of 4 kg and a reach of up to 580 mm, as well as the advantages of safe collaborative operation and convenience of use. This will offer up new opportunities for increased efficiency in a variety of industries, from manufacturing to logistics and beyond, and allow more companies to embrace automation.

June 2020, Siemens has announced the release of Teamcenter X, a new product lifecycle management (PLM) system that will allow enterprises to swiftly install, expand, and integrate industry-leading PLM technology across functional disciplines. The production of a comprehensive digital twin with multi-domain design and bill of materials integration will be possible with access to Teamcenter X on the cloud.

Global Industry 4.0 Market

Base Year:

2022

Forecast Period:

2023-2030

Historical Data:

2017 to 2022

Market Size in 2022:

USD 104.83 Bn.

Forecast Period 2023-30 CAGR:

20.2%

Market Size in 2030:

USD 456.79 Bn.

Segments Covered:

By Technology

  • Industrial Robots
  • AI in Manufacturing
  • Digital Twin
  • Machine Vision
  • Industrial Sensors
  • Blockchain
  • Machine Condition Monitoring
  • Industrial 3D Printing
  • HMI
  • AGV's

By Application

  • Smart factory
  • Industrial Automation
  • Industrial IoT

By Vertical

  • Manufacturing
  • Aerospace and Defense
  • Automotive
  • Oil and Gas
  • Energy & Utilities
  • Electronics and Consumer Goods
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Introduction of AI and IoT in manufacturing propelling the growth of Industry 4.0 Market

Key Market Restraints:

  • Lack of Understanding and Use of Complex IoT Devices by Workforce

Key Opportunities:

  • AI Integrated IoT Devices and Wearable Devices Presents Growing Opportunity

Companies Covered in the report:

  • General Electric, IBM, Siemens, ABB, Emerson Electric, Honeywell International, Advantech, Basler, Cisco Systems, 3D Systems and Other major players.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Technology
 3.2 By Application
 3.3 By Vertical

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  3.5.1 Drivers
  3.5.2 Restraints
  3.5.3 Opportunities
  3.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 4: Industry 4.0 Market by Technology
 4.1 Industry 4.0 Market Overview Snapshot and Growth Engine
 4.2 Industry 4.0 Market Overview
 4.3 Industrial Robots
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size (2016-2028F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Industrial Robots: Grographic Segmentation
 4.4 AI in Manufacturing
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size (2016-2028F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 AI in Manufacturing: Grographic Segmentation
 4.5 Digital Twin
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size (2016-2028F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Digital Twin: Grographic Segmentation
 4.6 Machine Vision
  4.6.1 Introduction and Market Overview
  4.6.2 Historic and Forecasted Market Size (2016-2028F)
  4.6.3 Key Market Trends, Growth Factors and Opportunities
  4.6.4 Machine Vision: Grographic Segmentation
 4.7 Industrial Sensors
  4.7.1 Introduction and Market Overview
  4.7.2 Historic and Forecasted Market Size (2016-2028F)
  4.7.3 Key Market Trends, Growth Factors and Opportunities
  4.7.4 Industrial Sensors: Grographic Segmentation
 4.8 Blockchain
  4.8.1 Introduction and Market Overview
  4.8.2 Historic and Forecasted Market Size (2016-2028F)
  4.8.3 Key Market Trends, Growth Factors and Opportunities
  4.8.4 Blockchain: Grographic Segmentation
 4.9 Machine Condition Monitoring
  4.9.1 Introduction and Market Overview
  4.9.2 Historic and Forecasted Market Size (2016-2028F)
  4.9.3 Key Market Trends, Growth Factors and Opportunities
  4.9.4 Machine Condition Monitoring: Grographic Segmentation
 4.10 Industrial 3D Printing
  4.10.1 Introduction and Market Overview
  4.10.2 Historic and Forecasted Market Size (2016-2028F)
  4.10.3 Key Market Trends, Growth Factors and Opportunities
  4.10.4 Industrial 3D Printing: Grographic Segmentation
 4.11 HMI
  4.11.1 Introduction and Market Overview
  4.11.2 Historic and Forecasted Market Size (2016-2028F)
  4.11.3 Key Market Trends, Growth Factors and Opportunities
  4.11.4 HMI: Grographic Segmentation
 4.12 AGV's
  4.12.1 Introduction and Market Overview
  4.12.2 Historic and Forecasted Market Size (2016-2028F)
  4.12.3 Key Market Trends, Growth Factors and Opportunities
  4.12.4 AGV's: Grographic Segmentation

Chapter 5: Industry 4.0 Market by Application
 5.1 Industry 4.0 Market Overview Snapshot and Growth Engine
 5.2 Industry 4.0 Market Overview
 5.3 Smart factory
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Smart factory: Grographic Segmentation
 5.4 Industrial Automation
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Industrial Automation: Grographic Segmentation
 5.5 Industrial IoT
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Industrial IoT: Grographic Segmentation

Chapter 6: Industry 4.0 Market by Vertical
 6.1 Industry 4.0 Market Overview Snapshot and Growth Engine
 6.2 Industry 4.0 Market Overview
 6.3 Manufacturing
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Manufacturing: Grographic Segmentation
 6.4 Aerospace and Defense
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Aerospace and Defense: Grographic Segmentation
 6.5 Automotive
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2028F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Automotive: Grographic Segmentation
 6.6 Oil and Gas
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size (2016-2028F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Oil and Gas: Grographic Segmentation
 6.7 Energy & Utilities
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size (2016-2028F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Energy & Utilities: Grographic Segmentation
 6.8 Electronics and Consumer Goods
  6.8.1 Introduction and Market Overview
  6.8.2 Historic and Forecasted Market Size (2016-2028F)
  6.8.3 Key Market Trends, Growth Factors and Opportunities
  6.8.4 Electronics and Consumer Goods: Grographic Segmentation
 6.9 Others
  6.9.1 Introduction and Market Overview
  6.9.2 Historic and Forecasted Market Size (2016-2028F)
  6.9.3 Key Market Trends, Growth Factors and Opportunities
  6.9.4 Others: Grographic Segmentation

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Positioning
  7.1.2 Industry 4.0 Sales and Market Share By Players
  7.1.3 Industry BCG Matrix
  7.1.4 Ansoff Matrix
  7.1.5 Industry 4.0 Industry Concentration Ratio (CR5 and HHI)
  7.1.6 Top 5 Industry 4.0 Players Market Share
  7.1.7 Mergers and Acquisitions
  7.1.8 Business Strategies By Top Players
 7.2 GENERAL ELECTRIC
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Operating Business Segments
  7.2.5 Product Portfolio
  7.2.6 Business Performance
  7.2.7 Key Strategic Moves and Recent Developments
  7.2.8 SWOT Analysis
 7.3 IBM
 7.4 SIEMENS
 7.5 ABB
 7.6 EMERSON ELECTRIC
 7.7 HONEYWELL INTERNATIONAL
 7.8 ADVANTECH
 7.9 BASLER
 7.10 CISCO SYSTEMS
 7.11 3D SYSTEMS
 7.12 TECHMAN ROBOT
 7.13 AIBRAIN
 7.14 ADDVERB TECHNOLOGIES
 7.15 COGNEX CORPORATION
 7.16 INTEL
 7.17 JOHN BEAN TECHNOLOGIES CORPORATION
 7.18 NVIDIA
 7.19 STRATASYS
 7.20 DAIFUKU
 7.21 UNIVERSAL ROBOTS
 7.22 ALGOLUX

Chapter 8: Global Industry 4.0 Market Analysis, Insights and Forecast, 2016-2028
 8.1 Market Overview
 8.2 Historic and Forecasted Market Size By Technology
  8.2.1 Industrial Robots
  8.2.2 AI in Manufacturing
  8.2.3 Digital Twin
  8.2.4 Machine Vision
  8.2.5 Industrial Sensors
  8.2.6 Blockchain
  8.2.7 Machine Condition Monitoring
  8.2.8 Industrial 3D Printing
  8.2.9 HMI
  8.2.10 AGV's
 8.3 Historic and Forecasted Market Size By Application
  8.3.1 Smart factory
  8.3.2 Industrial Automation
  8.3.3 Industrial IoT
 8.4 Historic and Forecasted Market Size By Vertical
  8.4.1 Manufacturing
  8.4.2 Aerospace and Defense
  8.4.3 Automotive
  8.4.4 Oil and Gas
  8.4.5 Energy & Utilities
  8.4.6 Electronics and Consumer Goods
  8.4.7 Others

Chapter 9: North America Industry 4.0 Market Analysis, Insights and Forecast, 2016-2028
 9.1 Key Market Trends, Growth Factors and Opportunities
 9.2 Impact of Covid-19
 9.3 Key Players
 9.4 Key Market Trends, Growth Factors and Opportunities
 9.4 Historic and Forecasted Market Size By Technology
  9.4.1 Industrial Robots
  9.4.2 AI in Manufacturing
  9.4.3 Digital Twin
  9.4.4 Machine Vision
  9.4.5 Industrial Sensors
  9.4.6 Blockchain
  9.4.7 Machine Condition Monitoring
  9.4.8 Industrial 3D Printing
  9.4.9 HMI
  9.4.10 AGV's
 9.5 Historic and Forecasted Market Size By Application
  9.5.1 Smart factory
  9.5.2 Industrial Automation
  9.5.3 Industrial IoT
 9.6 Historic and Forecasted Market Size By Vertical
  9.6.1 Manufacturing
  9.6.2 Aerospace and Defense
  9.6.3 Automotive
  9.6.4 Oil and Gas
  9.6.5 Energy & Utilities
  9.6.6 Electronics and Consumer Goods
  9.6.7 Others
 9.7 Historic and Forecast Market Size by Country
  9.7.1 U.S.
  9.7.2 Canada
  9.7.3 Mexico

Chapter 10: Europe Industry 4.0 Market Analysis, Insights and Forecast, 2016-2028
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Technology
  10.4.1 Industrial Robots
  10.4.2 AI in Manufacturing
  10.4.3 Digital Twin
  10.4.4 Machine Vision
  10.4.5 Industrial Sensors
  10.4.6 Blockchain
  10.4.7 Machine Condition Monitoring
  10.4.8 Industrial 3D Printing
  10.4.9 HMI
  10.4.10 AGV's
 10.5 Historic and Forecasted Market Size By Application
  10.5.1 Smart factory
  10.5.2 Industrial Automation
  10.5.3 Industrial IoT
 10.6 Historic and Forecasted Market Size By Vertical
  10.6.1 Manufacturing
  10.6.2 Aerospace and Defense
  10.6.3 Automotive
  10.6.4 Oil and Gas
  10.6.5 Energy & Utilities
  10.6.6 Electronics and Consumer Goods
  10.6.7 Others
 10.7 Historic and Forecast Market Size by Country
  10.7.1 Germany
  10.7.2 U.K.
  10.7.3 France
  10.7.4 Italy
  10.7.5 Russia
  10.7.6 Spain

Chapter 11: Asia-Pacific Industry 4.0 Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Technology
  11.4.1 Industrial Robots
  11.4.2 AI in Manufacturing
  11.4.3 Digital Twin
  11.4.4 Machine Vision
  11.4.5 Industrial Sensors
  11.4.6 Blockchain
  11.4.7 Machine Condition Monitoring
  11.4.8 Industrial 3D Printing
  11.4.9 HMI
  11.4.10 AGV's
 11.5 Historic and Forecasted Market Size By Application
  11.5.1 Smart factory
  11.5.2 Industrial Automation
  11.5.3 Industrial IoT
 11.6 Historic and Forecasted Market Size By Vertical
  11.6.1 Manufacturing
  11.6.2 Aerospace and Defense
  11.6.3 Automotive
  11.6.4 Oil and Gas
  11.6.5 Energy & Utilities
  11.6.6 Electronics and Consumer Goods
  11.6.7 Others
 11.7 Historic and Forecast Market Size by Country
  11.7.1 China
  11.7.2 India
  11.7.3 Japan
  11.7.4 Southeast Asia

Chapter 12: South America Industry 4.0 Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Technology
  12.4.1 Industrial Robots
  12.4.2 AI in Manufacturing
  12.4.3 Digital Twin
  12.4.4 Machine Vision
  12.4.5 Industrial Sensors
  12.4.6 Blockchain
  12.4.7 Machine Condition Monitoring
  12.4.8 Industrial 3D Printing
  12.4.9 HMI
  12.4.10 AGV's
 12.5 Historic and Forecasted Market Size By Application
  12.5.1 Smart factory
  12.5.2 Industrial Automation
  12.5.3 Industrial IoT
 12.6 Historic and Forecasted Market Size By Vertical
  12.6.1 Manufacturing
  12.6.2 Aerospace and Defense
  12.6.3 Automotive
  12.6.4 Oil and Gas
  12.6.5 Energy & Utilities
  12.6.6 Electronics and Consumer Goods
  12.6.7 Others
 12.7 Historic and Forecast Market Size by Country
  12.7.1 Brazil
  12.7.2 Argentina

Chapter 13: Middle East & Africa Industry 4.0 Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Technology
  13.4.1 Industrial Robots
  13.4.2 AI in Manufacturing
  13.4.3 Digital Twin
  13.4.4 Machine Vision
  13.4.5 Industrial Sensors
  13.4.6 Blockchain
  13.4.7 Machine Condition Monitoring
  13.4.8 Industrial 3D Printing
  13.4.9 HMI
  13.4.10 AGV's
 13.5 Historic and Forecasted Market Size By Application
  13.5.1 Smart factory
  13.5.2 Industrial Automation
  13.5.3 Industrial IoT
 13.6 Historic and Forecasted Market Size By Vertical
  13.6.1 Manufacturing
  13.6.2 Aerospace and Defense
  13.6.3 Automotive
  13.6.4 Oil and Gas
  13.6.5 Energy & Utilities
  13.6.6 Electronics and Consumer Goods
  13.6.7 Others
 13.7 Historic and Forecast Market Size by Country
  13.7.1 Saudi Arabia
  13.7.2 South Africa

Chapter 14 Investment Analysis

Chapter 15 Analyst Viewpoint and Conclusion

Global Industry 4.0 Market

Base Year:

2022

Forecast Period:

2023-2030

Historical Data:

2017 to 2022

Market Size in 2022:

USD 104.83 Bn.

Forecast Period 2023-30 CAGR:

20.2%

Market Size in 2030:

USD 456.79 Bn.

Segments Covered:

By Technology

  • Industrial Robots
  • AI in Manufacturing
  • Digital Twin
  • Machine Vision
  • Industrial Sensors
  • Blockchain
  • Machine Condition Monitoring
  • Industrial 3D Printing
  • HMI
  • AGV's

By Application

  • Smart factory
  • Industrial Automation
  • Industrial IoT

By Vertical

  • Manufacturing
  • Aerospace and Defense
  • Automotive
  • Oil and Gas
  • Energy & Utilities
  • Electronics and Consumer Goods
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Introduction of AI and IoT in manufacturing propelling the growth of Industry 4.0 Market

Key Market Restraints:

  • Lack of Understanding and Use of Complex IoT Devices by Workforce

Key Opportunities:

  • AI Integrated IoT Devices and Wearable Devices Presents Growing Opportunity

Companies Covered in the report:

  • General Electric, IBM, Siemens, ABB, Emerson Electric, Honeywell International, Advantech, Basler, Cisco Systems, 3D Systems and Other major players.

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. INDUSTRY 4.0 MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. INDUSTRY 4.0 MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. INDUSTRY 4.0 MARKET COMPETITIVE RIVALRY
TABLE 005. INDUSTRY 4.0 MARKET THREAT OF NEW ENTRANTS
TABLE 006. INDUSTRY 4.0 MARKET THREAT OF SUBSTITUTES
TABLE 007. INDUSTRY 4.0 MARKET BY TECHNOLOGY
TABLE 008. INDUSTRIAL ROBOTS MARKET OVERVIEW (2016-2028)
TABLE 009. AI IN MANUFACTURING MARKET OVERVIEW (2016-2028)
TABLE 010. DIGITAL TWIN MARKET OVERVIEW (2016-2028)
TABLE 011. MACHINE VISION MARKET OVERVIEW (2016-2028)
TABLE 012. INDUSTRIAL SENSORS MARKET OVERVIEW (2016-2028)
TABLE 013. BLOCKCHAIN MARKET OVERVIEW (2016-2028)
TABLE 014. MACHINE CONDITION MONITORING MARKET OVERVIEW (2016-2028)
TABLE 015. INDUSTRIAL 3D PRINTING MARKET OVERVIEW (2016-2028)
TABLE 016. HMI MARKET OVERVIEW (2016-2028)
TABLE 017. AGV'S MARKET OVERVIEW (2016-2028)
TABLE 018. INDUSTRY 4.0 MARKET BY APPLICATION
TABLE 019. SMART FACTORY MARKET OVERVIEW (2016-2028)
TABLE 020. INDUSTRIAL AUTOMATION MARKET OVERVIEW (2016-2028)
TABLE 021. INDUSTRIAL IOT MARKET OVERVIEW (2016-2028)
TABLE 022. INDUSTRY 4.0 MARKET BY VERTICAL
TABLE 023. MANUFACTURING MARKET OVERVIEW (2016-2028)
TABLE 024. AEROSPACE AND DEFENSE MARKET OVERVIEW (2016-2028)
TABLE 025. AUTOMOTIVE MARKET OVERVIEW (2016-2028)
TABLE 026. OIL AND GAS MARKET OVERVIEW (2016-2028)
TABLE 027. ENERGY & UTILITIES MARKET OVERVIEW (2016-2028)
TABLE 028. ELECTRONICS AND CONSUMER GOODS MARKET OVERVIEW (2016-2028)
TABLE 029. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 030. NORTH AMERICA INDUSTRY 4.0 MARKET, BY TECHNOLOGY (2016-2028)
TABLE 031. NORTH AMERICA INDUSTRY 4.0 MARKET, BY APPLICATION (2016-2028)
TABLE 032. NORTH AMERICA INDUSTRY 4.0 MARKET, BY VERTICAL (2016-2028)
TABLE 033. N INDUSTRY 4.0 MARKET, BY COUNTRY (2016-2028)
TABLE 034. EUROPE INDUSTRY 4.0 MARKET, BY TECHNOLOGY (2016-2028)
TABLE 035. EUROPE INDUSTRY 4.0 MARKET, BY APPLICATION (2016-2028)
TABLE 036. EUROPE INDUSTRY 4.0 MARKET, BY VERTICAL (2016-2028)
TABLE 037. INDUSTRY 4.0 MARKET, BY COUNTRY (2016-2028)
TABLE 038. ASIA PACIFIC INDUSTRY 4.0 MARKET, BY TECHNOLOGY (2016-2028)
TABLE 039. ASIA PACIFIC INDUSTRY 4.0 MARKET, BY APPLICATION (2016-2028)
TABLE 040. ASIA PACIFIC INDUSTRY 4.0 MARKET, BY VERTICAL (2016-2028)
TABLE 041. INDUSTRY 4.0 MARKET, BY COUNTRY (2016-2028)
TABLE 042. MIDDLE EAST & AFRICA INDUSTRY 4.0 MARKET, BY TECHNOLOGY (2016-2028)
TABLE 043. MIDDLE EAST & AFRICA INDUSTRY 4.0 MARKET, BY APPLICATION (2016-2028)
TABLE 044. MIDDLE EAST & AFRICA INDUSTRY 4.0 MARKET, BY VERTICAL (2016-2028)
TABLE 045. INDUSTRY 4.0 MARKET, BY COUNTRY (2016-2028)
TABLE 046. SOUTH AMERICA INDUSTRY 4.0 MARKET, BY TECHNOLOGY (2016-2028)
TABLE 047. SOUTH AMERICA INDUSTRY 4.0 MARKET, BY APPLICATION (2016-2028)
TABLE 048. SOUTH AMERICA INDUSTRY 4.0 MARKET, BY VERTICAL (2016-2028)
TABLE 049. INDUSTRY 4.0 MARKET, BY COUNTRY (2016-2028)
TABLE 050. GENERAL ELECTRIC: SNAPSHOT
TABLE 051. GENERAL ELECTRIC: BUSINESS PERFORMANCE
TABLE 052. GENERAL ELECTRIC: PRODUCT PORTFOLIO
TABLE 053. GENERAL ELECTRIC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 053. IBM: SNAPSHOT
TABLE 054. IBM: BUSINESS PERFORMANCE
TABLE 055. IBM: PRODUCT PORTFOLIO
TABLE 056. IBM: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 056. SIEMENS: SNAPSHOT
TABLE 057. SIEMENS: BUSINESS PERFORMANCE
TABLE 058. SIEMENS: PRODUCT PORTFOLIO
TABLE 059. SIEMENS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 059. ABB: SNAPSHOT
TABLE 060. ABB: BUSINESS PERFORMANCE
TABLE 061. ABB: PRODUCT PORTFOLIO
TABLE 062. ABB: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 062. EMERSON ELECTRIC: SNAPSHOT
TABLE 063. EMERSON ELECTRIC: BUSINESS PERFORMANCE
TABLE 064. EMERSON ELECTRIC: PRODUCT PORTFOLIO
TABLE 065. EMERSON ELECTRIC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 065. HONEYWELL INTERNATIONAL: SNAPSHOT
TABLE 066. HONEYWELL INTERNATIONAL: BUSINESS PERFORMANCE
TABLE 067. HONEYWELL INTERNATIONAL: PRODUCT PORTFOLIO
TABLE 068. HONEYWELL INTERNATIONAL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 068. ADVANTECH: SNAPSHOT
TABLE 069. ADVANTECH: BUSINESS PERFORMANCE
TABLE 070. ADVANTECH: PRODUCT PORTFOLIO
TABLE 071. ADVANTECH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 071. BASLER: SNAPSHOT
TABLE 072. BASLER: BUSINESS PERFORMANCE
TABLE 073. BASLER: PRODUCT PORTFOLIO
TABLE 074. BASLER: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 074. CISCO SYSTEMS: SNAPSHOT
TABLE 075. CISCO SYSTEMS: BUSINESS PERFORMANCE
TABLE 076. CISCO SYSTEMS: PRODUCT PORTFOLIO
TABLE 077. CISCO SYSTEMS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 077. 3D SYSTEMS: SNAPSHOT
TABLE 078. 3D SYSTEMS: BUSINESS PERFORMANCE
TABLE 079. 3D SYSTEMS: PRODUCT PORTFOLIO
TABLE 080. 3D SYSTEMS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 080. TECHMAN ROBOT: SNAPSHOT
TABLE 081. TECHMAN ROBOT: BUSINESS PERFORMANCE
TABLE 082. TECHMAN ROBOT: PRODUCT PORTFOLIO
TABLE 083. TECHMAN ROBOT: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 083. AIBRAIN: SNAPSHOT
TABLE 084. AIBRAIN: BUSINESS PERFORMANCE
TABLE 085. AIBRAIN: PRODUCT PORTFOLIO
TABLE 086. AIBRAIN: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 086. ADDVERB TECHNOLOGIES: SNAPSHOT
TABLE 087. ADDVERB TECHNOLOGIES: BUSINESS PERFORMANCE
TABLE 088. ADDVERB TECHNOLOGIES: PRODUCT PORTFOLIO
TABLE 089. ADDVERB TECHNOLOGIES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 089. COGNEX CORPORATION: SNAPSHOT
TABLE 090. COGNEX CORPORATION: BUSINESS PERFORMANCE
TABLE 091. COGNEX CORPORATION: PRODUCT PORTFOLIO
TABLE 092. COGNEX CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 092. INTEL: SNAPSHOT
TABLE 093. INTEL: BUSINESS PERFORMANCE
TABLE 094. INTEL: PRODUCT PORTFOLIO
TABLE 095. INTEL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 095. JOHN BEAN TECHNOLOGIES CORPORATION: SNAPSHOT
TABLE 096. JOHN BEAN TECHNOLOGIES CORPORATION: BUSINESS PERFORMANCE
TABLE 097. JOHN BEAN TECHNOLOGIES CORPORATION: PRODUCT PORTFOLIO
TABLE 098. JOHN BEAN TECHNOLOGIES CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 098. NVIDIA: SNAPSHOT
TABLE 099. NVIDIA: BUSINESS PERFORMANCE
TABLE 100. NVIDIA: PRODUCT PORTFOLIO
TABLE 101. NVIDIA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 101. STRATASYS: SNAPSHOT
TABLE 102. STRATASYS: BUSINESS PERFORMANCE
TABLE 103. STRATASYS: PRODUCT PORTFOLIO
TABLE 104. STRATASYS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 104. DAIFUKU: SNAPSHOT
TABLE 105. DAIFUKU: BUSINESS PERFORMANCE
TABLE 106. DAIFUKU: PRODUCT PORTFOLIO
TABLE 107. DAIFUKU: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 107. UNIVERSAL ROBOTS: SNAPSHOT
TABLE 108. UNIVERSAL ROBOTS: BUSINESS PERFORMANCE
TABLE 109. UNIVERSAL ROBOTS: PRODUCT PORTFOLIO
TABLE 110. UNIVERSAL ROBOTS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 110. ALGOLUX: SNAPSHOT
TABLE 111. ALGOLUX: BUSINESS PERFORMANCE
TABLE 112. ALGOLUX: PRODUCT PORTFOLIO
TABLE 113. ALGOLUX: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. INDUSTRY 4.0 MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. INDUSTRY 4.0 MARKET OVERVIEW BY TECHNOLOGY
FIGURE 012. INDUSTRIAL ROBOTS MARKET OVERVIEW (2016-2028)
FIGURE 013. AI IN MANUFACTURING MARKET OVERVIEW (2016-2028)
FIGURE 014. DIGITAL TWIN MARKET OVERVIEW (2016-2028)
FIGURE 015. MACHINE VISION MARKET OVERVIEW (2016-2028)
FIGURE 016. INDUSTRIAL SENSORS MARKET OVERVIEW (2016-2028)
FIGURE 017. BLOCKCHAIN MARKET OVERVIEW (2016-2028)
FIGURE 018. MACHINE CONDITION MONITORING MARKET OVERVIEW (2016-2028)
FIGURE 019. INDUSTRIAL 3D PRINTING MARKET OVERVIEW (2016-2028)
FIGURE 020. HMI MARKET OVERVIEW (2016-2028)
FIGURE 021. AGV'S MARKET OVERVIEW (2016-2028)
FIGURE 022. INDUSTRY 4.0 MARKET OVERVIEW BY APPLICATION
FIGURE 023. SMART FACTORY MARKET OVERVIEW (2016-2028)
FIGURE 024. INDUSTRIAL AUTOMATION MARKET OVERVIEW (2016-2028)
FIGURE 025. INDUSTRIAL IOT MARKET OVERVIEW (2016-2028)
FIGURE 026. INDUSTRY 4.0 MARKET OVERVIEW BY VERTICAL
FIGURE 027. MANUFACTURING MARKET OVERVIEW (2016-2028)
FIGURE 028. AEROSPACE AND DEFENSE MARKET OVERVIEW (2016-2028)
FIGURE 029. AUTOMOTIVE MARKET OVERVIEW (2016-2028)
FIGURE 030. OIL AND GAS MARKET OVERVIEW (2016-2028)
FIGURE 031. ENERGY & UTILITIES MARKET OVERVIEW (2016-2028)
FIGURE 032. ELECTRONICS AND CONSUMER GOODS MARKET OVERVIEW (2016-2028)
FIGURE 033. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 034. NORTH AMERICA INDUSTRY 4.0 MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 035. EUROPE INDUSTRY 4.0 MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 036. ASIA PACIFIC INDUSTRY 4.0 MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 037. MIDDLE EAST & AFRICA INDUSTRY 4.0 MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 038. SOUTH AMERICA INDUSTRY 4.0 MARKET OVERVIEW BY COUNTRY (2016-2028)

Please Wait...

Frequently Asked Questions :

What would be forecast period in the Industry 4.0 Market research report?

The forecast period in the Industry 4.0 Market research report is 2023-2030.

Who are the key players in Industry 4.0 Market?

General Electric, IBM, Siemens, ABB, Emerson Electric, Honeywell International, Advantech, Basler, Cisco Systems, 3D Systems, Techman Robot, AIBrain, Addverb Technologies, Cognex Corporation, Intel, John Bean Technologies Corporation, Nvidia, Stratasys, Daifuku, Universal Robots, Algolux and other major players.

What are the segments of Industry 4.0 Market?

The Industry 4.0 market is segmented into Technology, Application, Vertical, Region. By Technology the market is categorized into Industrial Robots, AI in Manufacturing, Digital Twin, Machine Vision, Industrial Sensors, Blockchain, Machine Condition Monitoring, Industrial 3D Printing, HMI, AGV's. By Application the market is categorized into Smart Factory, Industrial Automation, Industrial IoT. By Vertical the market is categorized into Manufacturing, Aerospace and Defense, Automotive, Oil and Gas, Energy & Utilities, Electronics, and Consumer Goods, Others. By region, it is analysed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain etc.), Asia-Pacific (China; India; Japan; Southeast Asia etc.), South America (Brazil; Argentina etc.), Middle East & Africa (Saudi Arabia; South Africa etc.).

What is the Industry 4.0 Market?

Industry 4.0 is transforming the way businesses make, enhance, and distribute their products. Manufacturers are implementing new technologies, such as the Internet of Things (IoT), cloud computing and analytics, AI, and machine learning, into their production facilities and methods. These smart factories collect and analyze data using advanced sensors, embedded software, and robots, allowing for better decision-making.

How big is the Industry 4.0 Market?

The Global Industry 4.0 Market size is expected to grow from USD 104.83 billion in 2022 to USD 456.79 billion by 2030, at a CAGR of 20.2% during the forecast period (2023-2030).