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Global Industry 5.0 Market Overview:

Industry 5.0 Market Size Was Valued at USD 154.73 Billion in 2023, and is Projected to Reach USD 691.02 Billion by 2032, Growing at a CAGR of 18.09% From 2024-2032

  • Industry 5.0 marks a notable change in the industrial sector, highlighting the partnership between humans and AI to develop a manufacturing setting that is personalized and efficient. This next stage of the industrial revolution is based on the technological progress made in Industry 4.0, which centered on digitalization and large-scale manufacturing. Although Industry 4.0 brought in intelligent manufacturing technologies, it frequently led to a depersonalized method of production. On the other hand, Industry 5.0 seeks to bring back a model centered around people, where humans have the responsibility of designing to better comprehend and address consumer needs. This emphasis on personalization is anticipated to spur creativity in a range of industries, from automotive to pharmaceuticals, allowing businesses to offer customized products and services.
  • In the shift to Industry 5.0, businesses will see changes in the manufacturing process that improve efficiency while also focusing on sustainability and social responsibility. Through the utilization of cutting-edge technologies and human knowledge, businesses can decrease waste and lower manufacturing expenses, fostering a greener method of production. This new way of thinking changes the focus from only technological progress to a comprehensive perspective that considers the societal effects of industrial processes. Innopharma Technology and similar companies are at the forefront of developing tools and software to enhance collaboration, underscoring the increasing significance of a people-focused approach in molding the future of the industry.

INDUSTRY 5.0

Market Dynamics And Factors Of Industry 5.0 Market

Drivers:

Extensive Adoption Of Advanced Industrial Robotics

The rise of advanced technologies, such as the industrial internet of things (IIoT) and artificial intelligence, can be attributed to the market's growth, as these are essential for effective data collection, analysis, and feeding the gathered insights into the manufacturing process to create better products. Along with this, the globe is seeing an increase in demand for industrial processes that strike a good balance between automation and human interaction. As the industry 5.0 trend focuses on the collaboration of people and collaborative robots, this is projected to boost market development. None of the previous industrial revolutions, including Industry 4.0, had an environmental concern. Industry 5.0, on the other hand, permits the implementation of sustainable industrial practices including reduced waste creation and cost-cutting. As a consequence, it is expected to be a critical element shortly, providing profitable chances to the industry. The growing use of industrial robots in a variety of industries, growth in the number of linked devices, and rising government spending on industrialization are all expected to help the market grow. According to the International Federation of Robotics, 2.7 million industrial robots will be installed worldwide by 2021, a 12 percent increase over the previous year. Furthermore, the automobile industry was the greatest buyer of the device that year, accounting for 30% of all robot installations.

Restraints:

High Installation And Maintenance Costs

One of the pressing issues in industry 5.0 is high installation cost and maintenance costs. With the innovation in advanced robotics and high-performing sensors, the recurring cost is also high as the adoption rate of advanced robotics and high-performance sensors and software. As this new industrial revolution is at its early stage, less competition makes scares availability of such machines and components as well as regarding spares, maintenance, and operating technician. For small and medium-scale companies, high investment cost presents a major barrier that certainly impedes the growth of the Industry 5.0 market. 

Opportunities:

Predictive Analytics In Supply Chain And Maintenance Presents A Bright Opportunity

Predictive maintenance is a new method to reduce maintenance downtown and improve production performance. It refers to predictive maintenance, as opposed to the current preventative maintenance. Smart sensors, IoT devices, and bespoke software aid in the early detection and prediction of potential faults. Only the machines that are most prone to break down will be halted for maintenance. Sustainability. Manufacturing in Industry 5.0 promises to use resources effectively and adapt to the present requirement. Flexible business models are the result of human-machine collaboration. As a result, waste and overproduction can be drastically minimized, if not eliminated. Local production and new jobs will also contribute to the long-term viability of local economies.

Predictive analytics in the supply chain presents a resourceful opportunity which expected to boost productivity overall. Finding or designing a mathematical model that works well when tested with historical data is a common task in supply chain predictive analytics. However, finding a technique to illustrate what you're learning in a degree of detail that accurately reflects reality might be difficult. In certain situations, simulation software can be useful. When systems are difficult to define mathematically or when data is unavailable for study, simulation can help. Simulations create dynamic models by describing the components of a system and their relationships, rather than representing the entire system as an expression. Running a simulation model evaluates the system's behavior, and simulation models can provide accurate predictions if they are tested to match the real world.

Challenges:

High Training And Development Costs For Specialized Equipment Handling

Training and development can be a major challenge as new technologies require a high level of understanding of the technology and hands-on experience to run it smoothly. Not many companies use advanced technology on a large scale, and even certain use is handled by specialized personnel with substantial experience. Hiring a skilled workforce for specialized jobs can be a challenging factor. New advanced robotics and sensors which improve the overall performance of the industrial process require heavy investment. Due to the use of high-end technology improving the performance with that, it also presents high background maintenance costs. New Cobot is highly-priced and involves expert engineers to work and fix situations if maintenance occurred in a non-routine schedule Training people for the new jobs is also the major challenge with new technology adaptability issue with the existing workforce. Some companies may find it difficult to upgrade their production lines for Industry 5.0. Even if money is not a problem, the rhythm of change could be. Those who cannot afford it or are too slow in adopting industry 5.0 may be left behind in the trend.

Segmentation Analysis Of Industry 5.0 Market

By Technology, the Industrial Robotics segment is expected to be dominating the Industry 5.0 market during the forecasted period. COVID-19 has a significant influence on 2020 globally, but it also provides an opportunity for modernization and digitization of industry on the road to recovery. The advantages of increased robot deployments in the long term are the same: The key motivators are quick manufacturing and delivery of customized items at cheap pricing. Manufacturers can maintain production in developed economies - or re-shore it - without compromising cost-effectiveness thanks to automation. The United States is the Americas' largest industrial robot user, with a new operating stock record of roughly 293.200 units, up 7%. Mexico comes in second with 40,300 units, an increase of 11%, followed by Canada with 28,600 units, an increase of 2%. Human-robot cooperation is becoming more popular. The number of co-bots installed increased by 11%. In contrast to the overall trend with traditional industrial robots in 2019, this dynamic sales performance stood out. As more companies provide collaborative robots and the number of applications available expands.

By End-User Vertical, the Manufacturing segment is expected to dominate in the Industry 5.0 Market. The manufacturing sector is the most potential area to implement industry 5.0 elements. To boost efficiency and reduce resources wastage, manufacturing plant management is one of the essential factors which got solved by elements from industry 5.0, such as industrial robotics, machine sensors, high-performance software, Integration of AI, ML, and Digital Twin. In that regard, Intelligent Plant Process Management is game-changing connect falls under industry 5.0 A safe and efficient plant is ensured when machine data is harmonized with human context. This necessitates a well-managed communications mechanism like PPM, which can be deployed across an organization regardless of the sophistication of their local IoT systems. PPM's capacity to acquire and analyze data at any stage in the production process is a critical feature. At intervals such as shift handover or inspection processes, knowledge is gathered from workers involved in the manufacturing process. The process information is instantly given to all constituencies in the manufacturing process, from the plant floor to the higher echelons of the organization, after it has been digitally documented, ensuring total transparency for everyone. Hence, the segment's growth is expected to boost the overall Industry 5.0 market globally.

Regional Analysis Of Industry 5.0 Market

North America and Europe are at the forefront of the global Industry 5.0 market, driven by strong technological infrastructure and advanced manufacturing capabilities in these regions. North America, especially the US, has been leading the way in implementing Industry 5.0 principles by incorporating artificial intelligence and automation in manufacturing operations. The U.S. has been able to effectively utilize Industry 5.0 technologies due to the existence of top tech companies, a strong startup environment, and substantial investments in research and development. Moreover, the area's emphasis on improving customer satisfaction through individualization and personalization has driven its advancement in this modern era of industry.

Countries like Germany and the Netherlands are at the forefront of the Industry 5.0 landscape, showing that Europe is a significant player in this sector. Germany's manufacturing industry, well-known for its exceptional engineering and creativity, is quickly adopting Industry 5.0 principles to improve efficiency with a focus on people. Programs such as "Industrie 4.0" have opened opportunities for more progress, promoting cooperation between people and machines. Additionally, the European Union's efforts to boost sustainability and decrease carbon footprints are in harmony with Industry 5.0 goals, solidifying Europe's role as a key player in this developing market. Both regions will have significant roles in shaping the global future of Industry 5.0 as they push technological developments and focus on human-centric manufacturing.

Top Key Players Analyzed In Industry 5.0 Market:

  • KUKA AG
  • ENSAI INGENIERIA S.L.
  • Siemens AG
  • Rockwell Automation Inc.
  • Schneider Electric
  • ABB Ltd.
  • IBM Corporation
  • Microsoft Corporation
  • Cisco Systems
  • Inc.
  • General Electric Company and other major players.

Key Industry Developments in The Industry 5.0 Market

  • In January 2024, Siemens unveiled innovations that are combining the real world and the digital worlds to redefine reality at the CES 2024 exhibition, the worldā€™s leading technology gathering. Siemens announced the breakthroughs in AI and immersive engineering to enable the industrial metaverse and highlighted how these technologies are empowering the worldā€™s innovators to thrive using its open digital business platform, Siemens Xcelerator.
  • In May 2023, IBM, announced IBM Watsonx, a new AI and data platform to be released that will enable enterprises to scale and accelerate the impact of the most advanced AI with trusted data. Enterprises turning to AI need access to a full technology stack that enables them to train, tune, and deploy AI models, including foundation models and machine learning capabilities, across their organization with trusted data, speed, and governance - all in one place and to run across any cloud environment.

Global Industry 5.0 Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2022

Market Size in 2023:

USD 154.73 Bn

Forecast Period 2024-32 CAGR:

18.09%

Market Size in 2032:

USD 691.02 Bn

Segments Covered:

By Technology

  • Industrial Robotics
  • Cyber Security
  • Internet of Things (IoT)
  • 3D Printing
  • Advanced Human-Machine Interface (HMI)
  • Big Data
  • Augmented Reality & Virtual Reality
  • Cloud Computing
  • Cognitive Computing
  • Others

By End-Use Vertical

  • Manufacturing
  • Supply Chain Management
  • Automotive
  • Healthcare
  • Electrical & Electronics Equipment
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Extensive Adoption Of Advanced Industrial Robotics

Key Market Restraints:

  • High Installation And Maintenance Costs

Key Opportunities:

  • Predictive Analytics In Supply Chain And Maintenance Presents A Bright Opportunity

Companies Covered in the report:

  • KUKA AG, ENSAI INGENIERIA S.L., Siemens AG, Rockwell Automation Inc and Other major players.

Chapter 1: Introduction
ā€ƒ1.1 Research Objectives
ā€ƒ1.2 Research Methodology
ā€ƒ1.3 Research Process
ā€ƒ1.4 Scope and Coverage
ā€ƒā€ƒ1.4.1 Market Definition
ā€ƒā€ƒ1.4.2 Key Questions Answered
ā€ƒ1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
ā€ƒ3.1 By Technology
ā€ƒ3.2 By End-Use

Chapter 4: Market Landscape
ā€ƒ4.1 Porter's Five Forces Analysis
ā€ƒā€ƒ4.1.1 Bargaining Power of Supplier
ā€ƒā€ƒ4.1.2 Threat of New Entrants
ā€ƒā€ƒ4.1.3 Threat of Substitutes
ā€ƒā€ƒ4.1.4 Competitive Rivalry
ā€ƒā€ƒ4.1.5 Bargaining Power Among Buyers
ā€ƒ4.2 Industry Value Chain Analysis
ā€ƒ4.3 Market Dynamics
ā€ƒā€ƒ3.5.1 Drivers
ā€ƒā€ƒ3.5.2 Restraints
ā€ƒā€ƒ3.5.3 Opportunities
ā€ƒā€ƒ3.5.4 Challenges
ā€ƒ4.4 Pestle Analysis
ā€ƒ4.5 Technological Roadmap
ā€ƒ4.6 Regulatory Landscape
ā€ƒ4.7 SWOT Analysis
ā€ƒ4.8 Price Trend Analysis
ā€ƒ4.9 Patent Analysis
ā€ƒ4.10 Analysis of the Impact of Covid-19
ā€ƒā€ƒ4.10.1 Impact on the Overall Market
ā€ƒā€ƒ4.10.2 Impact on the Supply Chain
ā€ƒā€ƒ4.10.3 Impact on the Key Manufacturers
ā€ƒā€ƒ4.10.4 Impact on the Pricing

Chapter 4: Industry 5.0 Market by Technology
ā€ƒ4.1 Industry 5.0 Market Overview Snapshot and Growth Engine
ā€ƒ4.2 Industry 5.0 Market Overview
ā€ƒ4.3 Industrial Robotics (Collaborative Robots
ā€ƒā€ƒ4.3.1 Introduction and Market Overview
ā€ƒā€ƒ4.3.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ4.3.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ4.3.4 Industrial Robotics (Collaborative Robots: Grographic Segmentation
ā€ƒ4.4 SCARA Robots
ā€ƒā€ƒ4.4.1 Introduction and Market Overview
ā€ƒā€ƒ4.4.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ4.4.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ4.4.4 SCARA Robots: Grographic Segmentation
ā€ƒ4.5 and Others)
ā€ƒā€ƒ4.5.1 Introduction and Market Overview
ā€ƒā€ƒ4.5.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ4.5.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ4.5.4 and Others): Grographic Segmentation
ā€ƒ4.6 Internet of Things (IoT)
ā€ƒā€ƒ4.6.1 Introduction and Market Overview
ā€ƒā€ƒ4.6.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ4.6.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ4.6.4 Internet of Things (IoT): Grographic Segmentation
ā€ƒ4.7 Cyber Security
ā€ƒā€ƒ4.7.1 Introduction and Market Overview
ā€ƒā€ƒ4.7.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ4.7.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ4.7.4 Cyber Security: Grographic Segmentation
ā€ƒ4.8 Advanced Human-Machine Interface (HMI)
ā€ƒā€ƒ4.8.1 Introduction and Market Overview
ā€ƒā€ƒ4.8.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ4.8.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ4.8.4 Advanced Human-Machine Interface (HMI): Grographic Segmentation
ā€ƒ4.9 3D Printing
ā€ƒā€ƒ4.9.1 Introduction and Market Overview
ā€ƒā€ƒ4.9.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ4.9.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ4.9.4 3D Printing: Grographic Segmentation
ā€ƒ4.10 Big Data
ā€ƒā€ƒ4.10.1 Introduction and Market Overview
ā€ƒā€ƒ4.10.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ4.10.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ4.10.4 Big Data: Grographic Segmentation
ā€ƒ4.11 Cloud Computing
ā€ƒā€ƒ4.11.1 Introduction and Market Overview
ā€ƒā€ƒ4.11.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ4.11.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ4.11.4 Cloud Computing: Grographic Segmentation
ā€ƒ4.12 Augmented Reality & Virtual Reality
ā€ƒā€ƒ4.12.1 Introduction and Market Overview
ā€ƒā€ƒ4.12.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ4.12.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ4.12.4 Augmented Reality & Virtual Reality: Grographic Segmentation
ā€ƒ4.13 Cognitive Computing
ā€ƒā€ƒ4.13.1 Introduction and Market Overview
ā€ƒā€ƒ4.13.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ4.13.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ4.13.4 Cognitive Computing: Grographic Segmentation
ā€ƒ4.14 Others
ā€ƒā€ƒ4.14.1 Introduction and Market Overview
ā€ƒā€ƒ4.14.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ4.14.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ4.14.4 Others: Grographic Segmentation

Chapter 5: Industry 5.0 Market by End-Use
ā€ƒ5.1 Industry 5.0 Market Overview Snapshot and Growth Engine
ā€ƒ5.2 Industry 5.0 Market Overview
ā€ƒ5.3 Healthcare
ā€ƒā€ƒ5.3.1 Introduction and Market Overview
ā€ƒā€ƒ5.3.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ5.3.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ5.3.4 Healthcare: Grographic Segmentation
ā€ƒ5.4 Manufacturing
ā€ƒā€ƒ5.4.1 Introduction and Market Overview
ā€ƒā€ƒ5.4.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ5.4.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ5.4.4 Manufacturing: Grographic Segmentation
ā€ƒ5.5 Automotive
ā€ƒā€ƒ5.5.1 Introduction and Market Overview
ā€ƒā€ƒ5.5.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ5.5.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ5.5.4 Automotive: Grographic Segmentation
ā€ƒ5.6 Supply Chain Management
ā€ƒā€ƒ5.6.1 Introduction and Market Overview
ā€ƒā€ƒ5.6.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ5.6.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ5.6.4 Supply Chain Management: Grographic Segmentation
ā€ƒ5.7 Electrical & Electronics Equipment
ā€ƒā€ƒ5.7.1 Introduction and Market Overview
ā€ƒā€ƒ5.7.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ5.7.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ5.7.4 Electrical & Electronics Equipment: Grographic Segmentation
ā€ƒ5.8 Others
ā€ƒā€ƒ5.8.1 Introduction and Market Overview
ā€ƒā€ƒ5.8.2 Historic and Forecasted Market Size (2017-2032F)
ā€ƒā€ƒ5.8.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ5.8.4 Others: Grographic Segmentation

Chapter 6: Company Profiles and Competitive Analysis
ā€ƒ6.1 Competitive Landscape
ā€ƒā€ƒ6.1.1 Competitive Positioning
ā€ƒā€ƒ6.1.2 Industry 5.0 Sales and Market Share By Players
ā€ƒā€ƒ6.1.3 Industry BCG Matrix
ā€ƒā€ƒ6.1.4 Ansoff Matrix
ā€ƒā€ƒ6.1.5 Industry 5.0 Industry Concentration Ratio (CR5 and HHI)
ā€ƒā€ƒ6.1.6 Top 5 Industry 5.0 Players Market Share
ā€ƒā€ƒ6.1.7 Mergers and Acquisitions
ā€ƒā€ƒ6.1.8 Business Strategies By Top Players
ā€ƒ6.2 KUKA AG
ā€ƒā€ƒ6.2.1 Company Overview
ā€ƒā€ƒ6.2.2 Key Executives
ā€ƒā€ƒ6.2.3 Company Snapshot
ā€ƒā€ƒ6.2.4 Operating Business Segments
ā€ƒā€ƒ6.2.5 Product Portfolio
ā€ƒā€ƒ6.2.6 Business Performance
ā€ƒā€ƒ6.2.7 Key Strategic Moves and Recent Developments
ā€ƒā€ƒ6.2.8 SWOT Analysis
ā€ƒ6.3 ENSAI INGENIERIA S.L.
ā€ƒ6.4 SIEMENS AG
ā€ƒ6.5 ROCKWELL AUTOMATION INC.
ā€ƒ6.6 SCHNEIDER ELECTRIC
ā€ƒ6.7 ABB LTD.
ā€ƒ6.8 IBM CORPORATION
ā€ƒ6.9 MICROSOFT CORPORATION
ā€ƒ6.10 CISCO SYSTEMS INC.
ā€ƒ6.11 GENERAL ELECTRIC COMPANY

Chapter 7: Global Industry 5.0 Market Analysis, Insights and Forecast, 2017-2032
ā€ƒ7.1 Market Overview
ā€ƒ7.2 Historic and Forecasted Market Size By Technology
ā€ƒā€ƒ7.2.1 Industrial Robotics (Collaborative Robots
ā€ƒā€ƒ7.2.2 SCARA Robots
ā€ƒā€ƒ7.2.3 and Others)
ā€ƒā€ƒ7.2.4 Internet of Things (IoT)
ā€ƒā€ƒ7.2.5 Cyber Security
ā€ƒā€ƒ7.2.6 Advanced Human-Machine Interface (HMI)
ā€ƒā€ƒ7.2.7 3D Printing
ā€ƒā€ƒ7.2.8 Big Data
ā€ƒā€ƒ7.2.9 Cloud Computing
ā€ƒā€ƒ7.2.10 Augmented Reality & Virtual Reality
ā€ƒā€ƒ7.2.11 Cognitive Computing
ā€ƒā€ƒ7.2.12 Others
ā€ƒ7.3 Historic and Forecasted Market Size By End-Use
ā€ƒā€ƒ7.3.1 Healthcare
ā€ƒā€ƒ7.3.2 Manufacturing
ā€ƒā€ƒ7.3.3 Automotive
ā€ƒā€ƒ7.3.4 Supply Chain Management
ā€ƒā€ƒ7.3.5 Electrical & Electronics Equipment
ā€ƒā€ƒ7.3.6 Others

Chapter 8: North America Industry 5.0 Market Analysis, Insights and Forecast, 2017-2032
ā€ƒ8.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ8.2 Impact of Covid-19
ā€ƒ8.3 Key Players
ā€ƒ8.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ8.4 Historic and Forecasted Market Size By Technology
ā€ƒā€ƒ8.4.1 Industrial Robotics (Collaborative Robots
ā€ƒā€ƒ8.4.2 SCARA Robots
ā€ƒā€ƒ8.4.3 and Others)
ā€ƒā€ƒ8.4.4 Internet of Things (IoT)
ā€ƒā€ƒ8.4.5 Cyber Security
ā€ƒā€ƒ8.4.6 Advanced Human-Machine Interface (HMI)
ā€ƒā€ƒ8.4.7 3D Printing
ā€ƒā€ƒ8.4.8 Big Data
ā€ƒā€ƒ8.4.9 Cloud Computing
ā€ƒā€ƒ8.4.10 Augmented Reality & Virtual Reality
ā€ƒā€ƒ8.4.11 Cognitive Computing
ā€ƒā€ƒ8.4.12 Others
ā€ƒ8.5 Historic and Forecasted Market Size By End-Use
ā€ƒā€ƒ8.5.1 Healthcare
ā€ƒā€ƒ8.5.2 Manufacturing
ā€ƒā€ƒ8.5.3 Automotive
ā€ƒā€ƒ8.5.4 Supply Chain Management
ā€ƒā€ƒ8.5.5 Electrical & Electronics Equipment
ā€ƒā€ƒ8.5.6 Others
ā€ƒ8.6 Historic and Forecast Market Size by Country
ā€ƒā€ƒ8.6.1 U.S.
ā€ƒā€ƒ8.6.2 Canada
ā€ƒā€ƒ8.6.3 Mexico

Chapter 9: Europe Industry 5.0 Market Analysis, Insights and Forecast, 2017-2032
ā€ƒ9.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ9.2 Impact of Covid-19
ā€ƒ9.3 Key Players
ā€ƒ9.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ9.4 Historic and Forecasted Market Size By Technology
ā€ƒā€ƒ9.4.1 Industrial Robotics (Collaborative Robots
ā€ƒā€ƒ9.4.2 SCARA Robots
ā€ƒā€ƒ9.4.3 and Others)
ā€ƒā€ƒ9.4.4 Internet of Things (IoT)
ā€ƒā€ƒ9.4.5 Cyber Security
ā€ƒā€ƒ9.4.6 Advanced Human-Machine Interface (HMI)
ā€ƒā€ƒ9.4.7 3D Printing
ā€ƒā€ƒ9.4.8 Big Data
ā€ƒā€ƒ9.4.9 Cloud Computing
ā€ƒā€ƒ9.4.10 Augmented Reality & Virtual Reality
ā€ƒā€ƒ9.4.11 Cognitive Computing
ā€ƒā€ƒ9.4.12 Others
ā€ƒ9.5 Historic and Forecasted Market Size By End-Use
ā€ƒā€ƒ9.5.1 Healthcare
ā€ƒā€ƒ9.5.2 Manufacturing
ā€ƒā€ƒ9.5.3 Automotive
ā€ƒā€ƒ9.5.4 Supply Chain Management
ā€ƒā€ƒ9.5.5 Electrical & Electronics Equipment
ā€ƒā€ƒ9.5.6 Others
ā€ƒ9.6 Historic and Forecast Market Size by Country
ā€ƒā€ƒ9.6.1 Germany
ā€ƒā€ƒ9.6.2 U.K.
ā€ƒā€ƒ9.6.3 France
ā€ƒā€ƒ9.6.4 Italy
ā€ƒā€ƒ9.6.5 Russia
ā€ƒā€ƒ9.6.6 Spain

Chapter 10: Asia-Pacific Industry 5.0 Market Analysis, Insights and Forecast, 2017-2032
ā€ƒ10.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ10.2 Impact of Covid-19
ā€ƒ10.3 Key Players
ā€ƒ10.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ10.4 Historic and Forecasted Market Size By Technology
ā€ƒā€ƒ10.4.1 Industrial Robotics (Collaborative Robots
ā€ƒā€ƒ10.4.2 SCARA Robots
ā€ƒā€ƒ10.4.3 and Others)
ā€ƒā€ƒ10.4.4 Internet of Things (IoT)
ā€ƒā€ƒ10.4.5 Cyber Security
ā€ƒā€ƒ10.4.6 Advanced Human-Machine Interface (HMI)
ā€ƒā€ƒ10.4.7 3D Printing
ā€ƒā€ƒ10.4.8 Big Data
ā€ƒā€ƒ10.4.9 Cloud Computing
ā€ƒā€ƒ10.4.10 Augmented Reality & Virtual Reality
ā€ƒā€ƒ10.4.11 Cognitive Computing
ā€ƒā€ƒ10.4.12 Others
ā€ƒ10.5 Historic and Forecasted Market Size By End-Use
ā€ƒā€ƒ10.5.1 Healthcare
ā€ƒā€ƒ10.5.2 Manufacturing
ā€ƒā€ƒ10.5.3 Automotive
ā€ƒā€ƒ10.5.4 Supply Chain Management
ā€ƒā€ƒ10.5.5 Electrical & Electronics Equipment
ā€ƒā€ƒ10.5.6 Others
ā€ƒ10.6 Historic and Forecast Market Size by Country
ā€ƒā€ƒ10.6.1 China
ā€ƒā€ƒ10.6.2 India
ā€ƒā€ƒ10.6.3 Japan
ā€ƒā€ƒ10.6.4 Southeast Asia

Chapter 11: South America Industry 5.0 Market Analysis, Insights and Forecast, 2017-2032
ā€ƒ11.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ11.2 Impact of Covid-19
ā€ƒ11.3 Key Players
ā€ƒ11.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ11.4 Historic and Forecasted Market Size By Technology
ā€ƒā€ƒ11.4.1 Industrial Robotics (Collaborative Robots
ā€ƒā€ƒ11.4.2 SCARA Robots
ā€ƒā€ƒ11.4.3 and Others)
ā€ƒā€ƒ11.4.4 Internet of Things (IoT)
ā€ƒā€ƒ11.4.5 Cyber Security
ā€ƒā€ƒ11.4.6 Advanced Human-Machine Interface (HMI)
ā€ƒā€ƒ11.4.7 3D Printing
ā€ƒā€ƒ11.4.8 Big Data
ā€ƒā€ƒ11.4.9 Cloud Computing
ā€ƒā€ƒ11.4.10 Augmented Reality & Virtual Reality
ā€ƒā€ƒ11.4.11 Cognitive Computing
ā€ƒā€ƒ11.4.12 Others
ā€ƒ11.5 Historic and Forecasted Market Size By End-Use
ā€ƒā€ƒ11.5.1 Healthcare
ā€ƒā€ƒ11.5.2 Manufacturing
ā€ƒā€ƒ11.5.3 Automotive
ā€ƒā€ƒ11.5.4 Supply Chain Management
ā€ƒā€ƒ11.5.5 Electrical & Electronics Equipment
ā€ƒā€ƒ11.5.6 Others
ā€ƒ11.6 Historic and Forecast Market Size by Country
ā€ƒā€ƒ11.6.1 Brazil
ā€ƒā€ƒ11.6.2 Argentina

Chapter 12: Middle East & Africa Industry 5.0 Market Analysis, Insights and Forecast, 2017-2032
ā€ƒ12.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ12.2 Impact of Covid-19
ā€ƒ12.3 Key Players
ā€ƒ12.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ12.4 Historic and Forecasted Market Size By Technology
ā€ƒā€ƒ12.4.1 Industrial Robotics (Collaborative Robots
ā€ƒā€ƒ12.4.2 SCARA Robots
ā€ƒā€ƒ12.4.3 and Others)
ā€ƒā€ƒ12.4.4 Internet of Things (IoT)
ā€ƒā€ƒ12.4.5 Cyber Security
ā€ƒā€ƒ12.4.6 Advanced Human-Machine Interface (HMI)
ā€ƒā€ƒ12.4.7 3D Printing
ā€ƒā€ƒ12.4.8 Big Data
ā€ƒā€ƒ12.4.9 Cloud Computing
ā€ƒā€ƒ12.4.10 Augmented Reality & Virtual Reality
ā€ƒā€ƒ12.4.11 Cognitive Computing
ā€ƒā€ƒ12.4.12 Others
ā€ƒ12.5 Historic and Forecasted Market Size By End-Use
ā€ƒā€ƒ12.5.1 Healthcare
ā€ƒā€ƒ12.5.2 Manufacturing
ā€ƒā€ƒ12.5.3 Automotive
ā€ƒā€ƒ12.5.4 Supply Chain Management
ā€ƒā€ƒ12.5.5 Electrical & Electronics Equipment
ā€ƒā€ƒ12.5.6 Others
ā€ƒ12.6 Historic and Forecast Market Size by Country
ā€ƒā€ƒ12.6.1 Saudi Arabia
ā€ƒā€ƒ12.6.2 South Africa

Chapter 13 Investment Analysis

Chapter 14 Analyst Viewpoint and Conclusion

Global Industry 5.0 Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2022

Market Size in 2023:

USD 154.73 Bn

Forecast Period 2024-32 CAGR:

18.09%

Market Size in 2032:

USD 691.02 Bn

Segments Covered:

By Technology

  • Industrial Robotics
  • Cyber Security
  • Internet of Things (IoT)
  • 3D Printing
  • Advanced Human-Machine Interface (HMI)
  • Big Data
  • Augmented Reality & Virtual Reality
  • Cloud Computing
  • Cognitive Computing
  • Others

By End-Use Vertical

  • Manufacturing
  • Supply Chain Management
  • Automotive
  • Healthcare
  • Electrical & Electronics Equipment
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Extensive Adoption Of Advanced Industrial Robotics

Key Market Restraints:

  • High Installation And Maintenance Costs

Key Opportunities:

  • Predictive Analytics In Supply Chain And Maintenance Presents A Bright Opportunity

Companies Covered in the report:

  • KUKA AG, ENSAI INGENIERIA S.L., Siemens AG, Rockwell Automation Inc and Other major players.
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Frequently Asked Questions :

What would be the forecast period in the Industry 5.0 Market research report?

The forecast period in the Industry 5.0 Market research report is 2024-2032.

Who are the key players in Industry 5.0 Market?

Siemens AG, IBM Corporation, KUKA AG, Rockwell Automation Inc, NSAI INGENIERIA S.L., ABB Ltd., Microsoft Corporation, Cisco Systems, and Other major players.

What are the segments of the Industry 5.0 Market?

The Industry 5.0 Market is segmented into Technology, End-Use Vertical, and Region. By Technology, the market is categorized into Industrial Robotics, Cyber Security, Internet of Things (IoT), 3D Printing, Advanced Human-Machine Interface (HMI), Big Data, Augmented Reality & Virtual Reality, Cloud Computing, Cognitive Computing, and Others. By End-Use Vertical, the market is categorized into Manufacturing, Supply Chain Management, Automotive, Healthcare, Electrical & Electronic Equipment, and Others. By region, it is analyzed 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 5.0 Market?

Industry 5.0 is a new manufacturing paradigm that places a premium on human-machine interaction. The rise of the digital industry preceded Industry 5.0 with innovations such as the Industrial Internet of Things or the merging of Artificial Intelligence and Big Data created a new form of technology that can provide firms with data-based knowledge.

How big is the Industry 5.0 Market?

Industry 5.0 Market Size Was Valued at USD 154.73 Billion in 2023, and is Projected to Reach USD 691.02 Billion by 2032, Growing at a CAGR of 18.09% From 2024-2032