Industry 4.0 Market

Industry 4.0 Market Size, Share, Growth Analysis, By Region(North America, Europe) - Industry Forecast 2024-2031

Report ID: UCMIG45D2074 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Industry 4.0 Market Insights

Market Overview:

In 2021, the Global Industry 4.0 Market achieved a valuation of USD 114.55 billion, marking the onset of significant expansion. It is projected to advance from USD 130.9 billion in 2022 to an estimated USD 377.3 billion by 2030. This substantial growth trajectory is substantiated by an envisaged compound annual growth rate (CAGR) of 16.3% during the forecast period spanning from 2023 to 2030. Industry 4.0, characterized by the integration of digital technologies in manufacturing, holds potential to enhance operational efficiency, productivity, and decision-making across industries, driving the surge in market demand globally.

Industry 4.0 Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
ForecastGrowthRate
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Internet Services & Infrastructure by segment aggregation, the contribution of the Internet Services & Infrastructure in Software & Services and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

Segmentation Analysis:

The Industry 4.0 Market is segmented by Region. We are analyzing the market of these segments to identify which segment is the largest now and in the future, which segment has the highest growth rate, and the segment which offers the opportunity in the future.

Industry 4.0 Market Basis Point Share Analysis, 2021 Vs. 2028
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  • Based on Region the market is segmented as, North America, Europe, Asia Pacific, Latin America, Middle East & Africa, KEY MARKET PLAYERS, Siemens AG, General Electric Company, ABB Ltd., Honeywell International Inc., Cisco Systems Inc., Rockwell Automation Inc., SAP SE, Schneider Electric SE, IBM Corporation, Mitsubishi Electric Corporation, Emerson Electric Co., Bosch Rexroth AG, Fanuc Corporation, Yaskawa Electric Corporation, Stratasys Ltd., 3D Systems Corporation, HP Inc., EOS GmbH, Materialise NV, Proto Labs, Inc.

Regional Analysis:

Industry 4.0 Market is being analyzed by North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA) regions. Key countries including the U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, and South Africa among others were analyzed considering various micro and macro trends.

Industry 4.0 Market Attractiveness Analysis, By Region 2020-2028
AttractivenessAnalysis
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Industry 4.0 Market : Risk Analysis

SkyQuest's expert analysts have conducted a risk analysis to understand the impact of external extremities on Industry 4.0 Market. We analyzed how geopolitical influence, natural disasters, climate change, legal scenario, economic impact, trade & economic policies, social & ethnic concerns, and demographic changes might affect Industry 4.0 Market's supply chain, distribution, and total revenue growth.

Competitive landscaping:

To understand the competitive landscape, we are analyzing key Industry 4.0 Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the Industry 4.0 Market.

To validate our hypothesis and validate our findings on the market ecosystem, we are also conducting a detailed porter's five forces analysis. Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitution, and Threat of New Entry each force is analyzed by various parameters governing those forces.

Key Players Covered in the Report:

  • stry 4.0 Market size was valued at USD 114.55 billion in 2021 and is poised to grow from USD 130.9 billion in 2022 to USD 377.3 billion by 2030, growing at a CAGR of 16.3% in the forecast period (2023-2030).
  • The fourth industrial revolution, known as Industry 4.0, focuses on interconnectivity, automation, machine learning, and real-time data. It is also known as the Internet of Things (IoT) or smart manufacturing combined with smart digital technology. Also, it employs machine learning and Big Data to create a more holistic and well-connected environment for firms centered on manufacturing and SCM. Accessing real-time information across processes, partners, products, and people can be a common difficulty for businesses across industries. Several major corporations are currently implementing loT measurements and key performance indicators to demonstrate operational progress, consumer experience, logistics, and supply chain profits. Several major corporations are currently implementing loT measurements and key performance indicators to demonstrate operational progress, consumer experience, logistics, and supply chain profits. Industrial sectors are increasingly implementing better smart industry solutions and adaptable device systems to control production and supply chain operations from a centralized system. Increased deployment of IoT-connected machines is predicted to considerably drive the Industry 4.0 market in the manufacturing sector during the forecast period.
  • Several companies are investing in advanced technologies such as human-machine interaction, analytics and intelligence, advanced engineering, connectivity, data, and processing capacity to boost production efficiency and lower production costs by reducing downtime in the manufacturing process. These technologies enable firms to forecast and predict future problems that may develop during ongoing operations. The traditional method of preventive maintenance is done manually depending on routine or time. However, with the arrival of IoT, preventive maintenance has become much more automated and streamlined. Systems can detect impending difficulties or whether machinery needs to be repaired, allowing organizations to tackle possible concerns before they become major issues. All of these reasons will contribute to the expansion of the Industry 4.0 market in the coming years.
  • Industry 4.0 assists firms in operating and optimizing all areas of their manufacturing operations and supply networks. Machine monitoring solutions, predictive maintenance techniques, and other improved operational technology can assist firms in reducing downtime, increasing throughput, and lowering the overall cost of supplying quality parts. Manufacturing organizations, like many others, have seen isolated data with separate divisions inside the organization and at various levels such as machine level, plant level, and corporate. A combined operation provides convenience to several data sources and, when properly conducted, provides an easy way to utilize that data for effective decision-making. Furthermore, any manufacturer must be able to respond quickly to changing demands, the latest product trends, skill gaps, and other irregular obstacles. Manufacturers have a better chance of successfully pivoting when they have the right technologies in place.
  • The increasing usage of technology in organizations around the world is driving the growth of the market over the forecast period. Additionally, rising internet penetration and digitization trends are boosting the Industry 4.0 market, owing to the increasing requirement for efficiency and cost-effective production in numerous industries. Also, the number of market participants in developed nations such as North America is growing. The increased need for technical improvements, as well as rising consumer spending on Industry 4.0 solutions such as advanced robotics, AR/VR systems, and 3D printing solutions, are expected to drive growth of the market during the forecast period.
  • North American corporations are increasingly adopting the notion of smart manufacturing, and the region is expected to dominate the market. The majority of factories in the market are now outfitted with new machinery and smart factory technology, allowing other enterprises to shift from traditional production processes to smart manufacturing. Major market players, government efforts, and increased financing for research and development activities are all important aspects that contribute to North America being a dynamic place for market growth.
  • In 2021, Europe had the second largest global industry 4.0 market share. To maintain its position in the global market, the European sector has made significant investments in technology and capabilities. The use of connected objects and automated techniques has altered German industry and ushered in the fourth industrial revolution. The proliferation of connections, networked objects, real-time data processing, and pervasive information is altering industry paradigms. Siemens, Honeywell, and General Electric are among the early adopters of 14.0 and are far ahead of the curve in terms of implementation.
  • Japan, China, and South Korea are leading the Asia Pacific market growth due to their extensive measures to adopt industrial automation and integrate disruptive technologies in their manufacturing system value chain. The strategy includes the top ten industries, such as semiconductors, advanced robotics, electric vehicles, and artificial intelligence. This state-led industrial program, inspired German government's 14.0 development plan, aspires to make China the global leader in high-tech manufacturing. Japan created the Society 5.0 programs to solve economic, social, and industrial concerns.
  • The fourth industrial revolution is being helped across Latin America, the Middle East, and Africa by government initiatives and an understanding of how important it is to incorporate digital technology in order to sustain the global economy. For example, in October 2020, the Middle East government planned to launch an industry 4.0 revolution in collaboration with the World Economic Forum. The UAE economy's success also reaffirms its ability to become a world leader by solving the fundamental difficulties involved in digital transformation and technological advancements. The approach is intended to increase its position as a global center while also expanding its support for the national economy. In addition, prominent players in Brazil have joined forces to encourage the application of technology assets in order to accelerate adoption.
  • Global Industry 4.0 Market Dynamics
  • Drivers
  • Increasing the Use of Additive Manufacturing
  • 3D printing and additive manufacturing are two of today's most cutting-edge technologies. In recent years, 3D printing has been widely employed to meet the massive increase in demand for ventilator valves in hospitals around the world. Currently, 3D printing technology is positioned to alter a number of industrial industry trends. Globally, governments are launching projects and offering financing to educational institutions, research centers, and research and technology organizations to further investigate and stimulate the development of 3D printing technology. The United States, the United Kingdom, and Canada are developing government initiatives to encourage university-level 3D printing research, which is propelling technological innovation and the establishment of start-ups. In the future, the introduction of new uses for 3D printing will entice businessmen and governments all over the world to invest in the technology.
  • Restraints
  • Significant Implementation Costs to Restrict Employment of Industrial Robots in Startups
  • In a smart production, industrial robots can save time, reduce downtime, and eliminate monotonous manual labor. However, industrial robot deployment is too expensive. A single industrial robot might cost up to 20,000 USD. As a result, the deployment of industrial robots in industries necessitates significant financial resources. Startups operate on a very small scale, making the deployment of industrial robots in their manufacturing units impractical. The robots also have exorbitant repair and maintenance costs.
  • Global Industry 4.0 Market Competitive Landscape
  • The global industry 4.0 market is fragmented and highly competitive. Key industry players are focused on product developments, new product launches, and geographical expansions to gain a significant amount of market share.
  • Recent Developments
  • In February 2022, IBM acquired Sentaca, a prominent provider of telco consulting services and solutions. This acquisition will help IBM accelerate its hybrid cloud consulting business by providing important expertise to assist Communication Service Providers (CSPs) and media conglomerates in modernizing multiple cloud platforms, innovating, and transforming their operations.
  • In February 2021, Siemens and IBM signed an agreement on a joint venture to provide cloud services based on RedHat's Openshift and increase the deployment flexibility of Siemens' MindSphere industrial IoT as a service. Customers will be able to deploy MindSphere on-premises, increasing the speed and agility of factory and plant operations, as well as over the cloud for seamless product support, upgrades, and corporate connection.
  • In November 2021, Siemens increased its IoT offering with the launch of a digital, vendor-independent, cross-manufacturer App Store for consumers.
  • In February 2021, Software and SAP SE collaborated to integrate SAP's S/4HANA Cloud with Software AG's analytics platform, TrendMiner. This collaboration will bring sensor-generated data into analytics for organizations interested in industry 4.0 solutions.
  • In February 2021, ABB Ltd. launched GoFa to help employees with repetitive and ergonomically challenging jobs. Furthermore, the launch will help the growing demand for robots that can handle greater payloads in order to improve flexibility and productivity.
  • Global Industry 4.0 Key Market Trends
  • Digital twins have received a lot of attention as the Internet of Things (IoT) has risen in popularity in recent years. A virtual model that mimics the lifecycle of a physical entity or mechanism is known as a digital twin. By offering near real-time insights between the physical and digital worlds, this technology has enabled OEM manufacturers and automakers to remotely track and manage equipment and systems. Digital twin technology delivers unmatched insight into assets and production to identify bottlenecks, improve operations, and create product growth. Companies are implementing digital twin technology, which can detect anomalies and irregularities in operations quickly and provide a comprehensive perspective of the equipment's performance. Spare component maintenance and replacement can be planned in advance to reduce time-to-service and avoid costly asset breakdowns. Predictive maintenance using digital twins would assist OEMs in generating new service-based revenue while enhancing product reliability. Additionally, market players are introducing innovative digital twin solutions that improve equipment visibility and operational efficiency.
  • Global Industry 4.0 Market SkyQuest Analysis
  • SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
  • According to our global industry 4.0 market analysis, Industry 4.0, or the fourth industrial revolution, focuses on interconnection, automation, machine learning, and real-time data. It is sometimes referred to as the Internet of Things (IoT), smart manufacturing, or smart digital technologies. Industrial IoT combines innovations from two disruptive revolutions. Because of the potential benefits, several industrial equipment manufacturers have implemented loT technology. Throughout the forecast period, manufacturing is expected to dominate the global market. The automotive, transportation, and chemical industries are predicted to be the most likely to use 14.0. Corporations in North America are increasingly embracing the concept of smart manufacturing, and the region is projected to dominate the market. Because of their significant steps to implement industrial automation and incorporate disruptive technologies into their manufacturing system value chain, Japan, China, and South Korea are leading the Asia Pacific market growth.
  • KEY MARKET SEGMENTS
  • Application
  • Industrial automation
  • smart factory
  • industrial loT
  • Vertical
  • Manufacturing
  • energy & utilities
  • automotive
  • oil and gas
  • aerospace and defense
  • electronics and consumer goods
  • others
  • By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
  • KEY MARKET PLAYERS
  • Siemens AG
  • General Electric Company
  • ABB Ltd.
  • Honeywell International Inc.
  • Cisco Systems Inc.
  • Rockwell Automation Inc.
  • SAP SE
  • Schneider Electric SE
  • IBM Corporation
  • Mitsubishi Electric Corporation
  • Emerson Electric Co.
  • Bosch Rexroth AG
  • Fanuc Corporation
  • Yaskawa Electric Corporation
  • Stratasys Ltd.
  • 3D Systems Corporation
  • HP Inc.
  • EOS GmbH
  • Materialise NV
  • Proto Labs, Inc.

SkyQuest's Expertise:

The Industry 4.0 Market is being analyzed by SkyQuest's analysts with the help of 20+ scheduled Primary interviews from both the demand and supply sides. We have already invested more than 250 hours on this report and are still refining our date to provide authenticated data to your readers and clients. Exhaustive primary and secondary research is conducted to collect information on the market, peer market, and parent market.

Our cross-industry experts and revenue-impact consultants at SkyQuest enable our clients to convert market intelligence into actionable, quantifiable results through personalized engagement.

Scope Of Report

Report Attribute Details
The base year for estimation 2021
Historical data 2016 – 2022
Forecast period 2022 – 2028
Report coverage Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis
Segments covered
  • By Region - North America, Europe, Asia Pacific, Latin America, Middle East & Africa, KEY MARKET PLAYERS, Siemens AG, General Electric Company, ABB Ltd., Honeywell International Inc., Cisco Systems Inc., Rockwell Automation Inc., SAP SE, Schneider Electric SE, IBM Corporation, Mitsubishi Electric Corporation, Emerson Electric Co., Bosch Rexroth AG, Fanuc Corporation, Yaskawa Electric Corporation, Stratasys Ltd., 3D Systems Corporation, HP Inc., EOS GmbH, Materialise NV, Proto Labs, Inc.
Regional scope North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
Country scope U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, South Africa
Key companies profiled
  • stry 4.0 Market size was valued at USD 114.55 billion in 2021 and is poised to grow from USD 130.9 billion in 2022 to USD 377.3 billion by 2030, growing at a CAGR of 16.3% in the forecast period (2023-2030).
  • The fourth industrial revolution, known as Industry 4.0, focuses on interconnectivity, automation, machine learning, and real-time data. It is also known as the Internet of Things (IoT) or smart manufacturing combined with smart digital technology. Also, it employs machine learning and Big Data to create a more holistic and well-connected environment for firms centered on manufacturing and SCM. Accessing real-time information across processes, partners, products, and people can be a common difficulty for businesses across industries. Several major corporations are currently implementing loT measurements and key performance indicators to demonstrate operational progress, consumer experience, logistics, and supply chain profits. Several major corporations are currently implementing loT measurements and key performance indicators to demonstrate operational progress, consumer experience, logistics, and supply chain profits. Industrial sectors are increasingly implementing better smart industry solutions and adaptable device systems to control production and supply chain operations from a centralized system. Increased deployment of IoT-connected machines is predicted to considerably drive the Industry 4.0 market in the manufacturing sector during the forecast period.
  • Several companies are investing in advanced technologies such as human-machine interaction, analytics and intelligence, advanced engineering, connectivity, data, and processing capacity to boost production efficiency and lower production costs by reducing downtime in the manufacturing process. These technologies enable firms to forecast and predict future problems that may develop during ongoing operations. The traditional method of preventive maintenance is done manually depending on routine or time. However, with the arrival of IoT, preventive maintenance has become much more automated and streamlined. Systems can detect impending difficulties or whether machinery needs to be repaired, allowing organizations to tackle possible concerns before they become major issues. All of these reasons will contribute to the expansion of the Industry 4.0 market in the coming years.
  • Industry 4.0 assists firms in operating and optimizing all areas of their manufacturing operations and supply networks. Machine monitoring solutions, predictive maintenance techniques, and other improved operational technology can assist firms in reducing downtime, increasing throughput, and lowering the overall cost of supplying quality parts. Manufacturing organizations, like many others, have seen isolated data with separate divisions inside the organization and at various levels such as machine level, plant level, and corporate. A combined operation provides convenience to several data sources and, when properly conducted, provides an easy way to utilize that data for effective decision-making. Furthermore, any manufacturer must be able to respond quickly to changing demands, the latest product trends, skill gaps, and other irregular obstacles. Manufacturers have a better chance of successfully pivoting when they have the right technologies in place.
  • The increasing usage of technology in organizations around the world is driving the growth of the market over the forecast period. Additionally, rising internet penetration and digitization trends are boosting the Industry 4.0 market, owing to the increasing requirement for efficiency and cost-effective production in numerous industries. Also, the number of market participants in developed nations such as North America is growing. The increased need for technical improvements, as well as rising consumer spending on Industry 4.0 solutions such as advanced robotics, AR/VR systems, and 3D printing solutions, are expected to drive growth of the market during the forecast period.
  • North American corporations are increasingly adopting the notion of smart manufacturing, and the region is expected to dominate the market. The majority of factories in the market are now outfitted with new machinery and smart factory technology, allowing other enterprises to shift from traditional production processes to smart manufacturing. Major market players, government efforts, and increased financing for research and development activities are all important aspects that contribute to North America being a dynamic place for market growth.
  • In 2021, Europe had the second largest global industry 4.0 market share. To maintain its position in the global market, the European sector has made significant investments in technology and capabilities. The use of connected objects and automated techniques has altered German industry and ushered in the fourth industrial revolution. The proliferation of connections, networked objects, real-time data processing, and pervasive information is altering industry paradigms. Siemens, Honeywell, and General Electric are among the early adopters of 14.0 and are far ahead of the curve in terms of implementation.
  • Japan, China, and South Korea are leading the Asia Pacific market growth due to their extensive measures to adopt industrial automation and integrate disruptive technologies in their manufacturing system value chain. The strategy includes the top ten industries, such as semiconductors, advanced robotics, electric vehicles, and artificial intelligence. This state-led industrial program, inspired German government's 14.0 development plan, aspires to make China the global leader in high-tech manufacturing. Japan created the Society 5.0 programs to solve economic, social, and industrial concerns.
  • The fourth industrial revolution is being helped across Latin America, the Middle East, and Africa by government initiatives and an understanding of how important it is to incorporate digital technology in order to sustain the global economy. For example, in October 2020, the Middle East government planned to launch an industry 4.0 revolution in collaboration with the World Economic Forum. The UAE economy's success also reaffirms its ability to become a world leader by solving the fundamental difficulties involved in digital transformation and technological advancements. The approach is intended to increase its position as a global center while also expanding its support for the national economy. In addition, prominent players in Brazil have joined forces to encourage the application of technology assets in order to accelerate adoption.
  • Global Industry 4.0 Market Dynamics
  • Drivers
  • Increasing the Use of Additive Manufacturing
  • 3D printing and additive manufacturing are two of today's most cutting-edge technologies. In recent years, 3D printing has been widely employed to meet the massive increase in demand for ventilator valves in hospitals around the world. Currently, 3D printing technology is positioned to alter a number of industrial industry trends. Globally, governments are launching projects and offering financing to educational institutions, research centers, and research and technology organizations to further investigate and stimulate the development of 3D printing technology. The United States, the United Kingdom, and Canada are developing government initiatives to encourage university-level 3D printing research, which is propelling technological innovation and the establishment of start-ups. In the future, the introduction of new uses for 3D printing will entice businessmen and governments all over the world to invest in the technology.
  • Restraints
  • Significant Implementation Costs to Restrict Employment of Industrial Robots in Startups
  • In a smart production, industrial robots can save time, reduce downtime, and eliminate monotonous manual labor. However, industrial robot deployment is too expensive. A single industrial robot might cost up to 20,000 USD. As a result, the deployment of industrial robots in industries necessitates significant financial resources. Startups operate on a very small scale, making the deployment of industrial robots in their manufacturing units impractical. The robots also have exorbitant repair and maintenance costs.
  • Global Industry 4.0 Market Competitive Landscape
  • The global industry 4.0 market is fragmented and highly competitive. Key industry players are focused on product developments, new product launches, and geographical expansions to gain a significant amount of market share.
  • Recent Developments
  • In February 2022, IBM acquired Sentaca, a prominent provider of telco consulting services and solutions. This acquisition will help IBM accelerate its hybrid cloud consulting business by providing important expertise to assist Communication Service Providers (CSPs) and media conglomerates in modernizing multiple cloud platforms, innovating, and transforming their operations.
  • In February 2021, Siemens and IBM signed an agreement on a joint venture to provide cloud services based on RedHat's Openshift and increase the deployment flexibility of Siemens' MindSphere industrial IoT as a service. Customers will be able to deploy MindSphere on-premises, increasing the speed and agility of factory and plant operations, as well as over the cloud for seamless product support, upgrades, and corporate connection.
  • In November 2021, Siemens increased its IoT offering with the launch of a digital, vendor-independent, cross-manufacturer App Store for consumers.
  • In February 2021, Software and SAP SE collaborated to integrate SAP's S/4HANA Cloud with Software AG's analytics platform, TrendMiner. This collaboration will bring sensor-generated data into analytics for organizations interested in industry 4.0 solutions.
  • In February 2021, ABB Ltd. launched GoFa to help employees with repetitive and ergonomically challenging jobs. Furthermore, the launch will help the growing demand for robots that can handle greater payloads in order to improve flexibility and productivity.
  • Global Industry 4.0 Key Market Trends
  • Digital twins have received a lot of attention as the Internet of Things (IoT) has risen in popularity in recent years. A virtual model that mimics the lifecycle of a physical entity or mechanism is known as a digital twin. By offering near real-time insights between the physical and digital worlds, this technology has enabled OEM manufacturers and automakers to remotely track and manage equipment and systems. Digital twin technology delivers unmatched insight into assets and production to identify bottlenecks, improve operations, and create product growth. Companies are implementing digital twin technology, which can detect anomalies and irregularities in operations quickly and provide a comprehensive perspective of the equipment's performance. Spare component maintenance and replacement can be planned in advance to reduce time-to-service and avoid costly asset breakdowns. Predictive maintenance using digital twins would assist OEMs in generating new service-based revenue while enhancing product reliability. Additionally, market players are introducing innovative digital twin solutions that improve equipment visibility and operational efficiency.
  • Global Industry 4.0 Market SkyQuest Analysis
  • SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
  • According to our global industry 4.0 market analysis, Industry 4.0, or the fourth industrial revolution, focuses on interconnection, automation, machine learning, and real-time data. It is sometimes referred to as the Internet of Things (IoT), smart manufacturing, or smart digital technologies. Industrial IoT combines innovations from two disruptive revolutions. Because of the potential benefits, several industrial equipment manufacturers have implemented loT technology. Throughout the forecast period, manufacturing is expected to dominate the global market. The automotive, transportation, and chemical industries are predicted to be the most likely to use 14.0. Corporations in North America are increasingly embracing the concept of smart manufacturing, and the region is projected to dominate the market. Because of their significant steps to implement industrial automation and incorporate disruptive technologies into their manufacturing system value chain, Japan, China, and South Korea are leading the Asia Pacific market growth.
  • KEY MARKET SEGMENTS
  • Application
  • Industrial automation
  • smart factory
  • industrial loT
  • Vertical
  • Manufacturing
  • energy & utilities
  • automotive
  • oil and gas
  • aerospace and defense
  • electronics and consumer goods
  • others
  • By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
  • KEY MARKET PLAYERS
  • Siemens AG
  • General Electric Company
  • ABB Ltd.
  • Honeywell International Inc.
  • Cisco Systems Inc.
  • Rockwell Automation Inc.
  • SAP SE
  • Schneider Electric SE
  • IBM Corporation
  • Mitsubishi Electric Corporation
  • Emerson Electric Co.
  • Bosch Rexroth AG
  • Fanuc Corporation
  • Yaskawa Electric Corporation
  • Stratasys Ltd.
  • 3D Systems Corporation
  • HP Inc.
  • EOS GmbH
  • Materialise NV
  • Proto Labs, Inc.
Customization scope Free report customization (15% Free customization) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options Reap the benefits of customized purchase options to fit your specific research requirements.

Objectives of the Study

  • To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
  • To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market
  • To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis
  • To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments
  • To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
  • To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market

What does this Report Deliver?

  • Market Estimation for 20+ Countries
  • Historical data coverage: 2016 to 2022
  • Growth projections: 2022 to 2028
  • SkyQuest's premium market insights: Innovation matrix, IP analysis, Production Analysis, Value chain analysis, Technological trends, and Trade analysis
  • Customization on Segments, Regions, and Company Profiles
  • 100+ tables, 150+ Figures, 10+ matrix
  • Global and Country Market Trends
  • Comprehensive Mapping of Industry Parameters
  • Attractive Investment Proposition
  • Competitive Strategies Adopted by Leading Market Participants
  • Market drivers, restraints, opportunities, and its impact on the market
  • Regulatory scenario, regional dynamics, and insights of leading countries in each region
  • Segment trends analysis, opportunity, and growth
  • Opportunity analysis by region and country
  • Porter's five force analysis to know the market's condition
  • Pricing analysis
  • Parent market analysis
  • Product portfolio benchmarking

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Industry 4.0 Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Industry 4.0 Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)
  • stry 4.0 Market size was valued at USD 114.55 billion in 2021 and is poised to grow from USD 130.9 billion in 2022 to USD 377.3 billion by 2030, growing at a CAGR of 16.3% in the forecast period (2023-2030).
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The fourth industrial revolution, known as Industry 4.0, focuses on interconnectivity, automation, machine learning, and real-time data. It is also known as the Internet of Things (IoT) or smart manufacturing combined with smart digital technology. Also, it employs machine learning and Big Data to create a more holistic and well-connected environment for firms centered on manufacturing and SCM. Accessing real-time information across processes, partners, products, and people can be a common difficulty for businesses across industries. Several major corporations are currently implementing loT measurements and key performance indicators to demonstrate operational progress, consumer experience, logistics, and supply chain profits. Several major corporations are currently implementing loT measurements and key performance indicators to demonstrate operational progress, consumer experience, logistics, and supply chain profits. Industrial sectors are increasingly implementing better smart industry solutions and adaptable device systems to control production and supply chain operations from a centralized system. Increased deployment of IoT-connected machines is predicted to considerably drive the Industry 4.0 market in the manufacturing sector during the forecast period.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Several companies are investing in advanced technologies such as human-machine interaction, analytics and intelligence, advanced engineering, connectivity, data, and processing capacity to boost production efficiency and lower production costs by reducing downtime in the manufacturing process. These technologies enable firms to forecast and predict future problems that may develop during ongoing operations. The traditional method of preventive maintenance is done manually depending on routine or time. However, with the arrival of IoT, preventive maintenance has become much more automated and streamlined. Systems can detect impending difficulties or whether machinery needs to be repaired, allowing organizations to tackle possible concerns before they become major issues. All of these reasons will contribute to the expansion of the Industry 4.0 market in the coming years.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Industry 4.0 assists firms in operating and optimizing all areas of their manufacturing operations and supply networks. Machine monitoring solutions, predictive maintenance techniques, and other improved operational technology can assist firms in reducing downtime, increasing throughput, and lowering the overall cost of supplying quality parts. Manufacturing organizations, like many others, have seen isolated data with separate divisions inside the organization and at various levels such as machine level, plant level, and corporate. A combined operation provides convenience to several data sources and, when properly conducted, provides an easy way to utilize that data for effective decision-making. Furthermore, any manufacturer must be able to respond quickly to changing demands, the latest product trends, skill gaps, and other irregular obstacles. Manufacturers have a better chance of successfully pivoting when they have the right technologies in place.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The increasing usage of technology in organizations around the world is driving the growth of the market over the forecast period. Additionally, rising internet penetration and digitization trends are boosting the Industry 4.0 market, owing to the increasing requirement for efficiency and cost-effective production in numerous industries. Also, the number of market participants in developed nations such as North America is growing. The increased need for technical improvements, as well as rising consumer spending on Industry 4.0 solutions such as advanced robotics, AR/VR systems, and 3D printing solutions, are expected to drive growth of the market during the forecast period.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • North American corporations are increasingly adopting the notion of smart manufacturing, and the region is expected to dominate the market. The majority of factories in the market are now outfitted with new machinery and smart factory technology, allowing other enterprises to shift from traditional production processes to smart manufacturing. Major market players, government efforts, and increased financing for research and development activities are all important aspects that contribute to North America being a dynamic place for market growth.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In 2021, Europe had the second largest global industry 4.0 market share. To maintain its position in the global market, the European sector has made significant investments in technology and capabilities. The use of connected objects and automated techniques has altered German industry and ushered in the fourth industrial revolution. The proliferation of connections, networked objects, real-time data processing, and pervasive information is altering industry paradigms. Siemens, Honeywell, and General Electric are among the early adopters of 14.0 and are far ahead of the curve in terms of implementation.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Japan, China, and South Korea are leading the Asia Pacific market growth due to their extensive measures to adopt industrial automation and integrate disruptive technologies in their manufacturing system value chain. The strategy includes the top ten industries, such as semiconductors, advanced robotics, electric vehicles, and artificial intelligence. This state-led industrial program, inspired German government's 14.0 development plan, aspires to make China the global leader in high-tech manufacturing. Japan created the Society 5.0 programs to solve economic, social, and industrial concerns.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The fourth industrial revolution is being helped across Latin America, the Middle East, and Africa by government initiatives and an understanding of how important it is to incorporate digital technology in order to sustain the global economy. For example, in October 2020, the Middle East government planned to launch an industry 4.0 revolution in collaboration with the World Economic Forum. The UAE economy's success also reaffirms its ability to become a world leader by solving the fundamental difficulties involved in digital transformation and technological advancements. The approach is intended to increase its position as a global center while also expanding its support for the national economy. In addition, prominent players in Brazil have joined forces to encourage the application of technology assets in order to accelerate adoption.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Global Industry 4.0 Market Dynamics
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Drivers
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Increasing the Use of Additive Manufacturing
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • 3D printing and additive manufacturing are two of today's most cutting-edge technologies. In recent years, 3D printing has been widely employed to meet the massive increase in demand for ventilator valves in hospitals around the world. Currently, 3D printing technology is positioned to alter a number of industrial industry trends. Globally, governments are launching projects and offering financing to educational institutions, research centers, and research and technology organizations to further investigate and stimulate the development of 3D printing technology. The United States, the United Kingdom, and Canada are developing government initiatives to encourage university-level 3D printing research, which is propelling technological innovation and the establishment of start-ups. In the future, the introduction of new uses for 3D printing will entice businessmen and governments all over the world to invest in the technology.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Restraints
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Significant Implementation Costs to Restrict Employment of Industrial Robots in Startups
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In a smart production, industrial robots can save time, reduce downtime, and eliminate monotonous manual labor. However, industrial robot deployment is too expensive. A single industrial robot might cost up to 20,000 USD. As a result, the deployment of industrial robots in industries necessitates significant financial resources. Startups operate on a very small scale, making the deployment of industrial robots in their manufacturing units impractical. The robots also have exorbitant repair and maintenance costs.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Global Industry 4.0 Market Competitive Landscape
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The global industry 4.0 market is fragmented and highly competitive. Key industry players are focused on product developments, new product launches, and geographical expansions to gain a significant amount of market share.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Recent Developments
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In February 2022, IBM acquired Sentaca, a prominent provider of telco consulting services and solutions. This acquisition will help IBM accelerate its hybrid cloud consulting business by providing important expertise to assist Communication Service Providers (CSPs) and media conglomerates in modernizing multiple cloud platforms, innovating, and transforming their operations.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In February 2021, Siemens and IBM signed an agreement on a joint venture to provide cloud services based on RedHat's Openshift and increase the deployment flexibility of Siemens' MindSphere industrial IoT as a service. Customers will be able to deploy MindSphere on-premises, increasing the speed and agility of factory and plant operations, as well as over the cloud for seamless product support, upgrades, and corporate connection.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In November 2021, Siemens increased its IoT offering with the launch of a digital, vendor-independent, cross-manufacturer App Store for consumers.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In February 2021, Software and SAP SE collaborated to integrate SAP's S/4HANA Cloud with Software AG's analytics platform, TrendMiner. This collaboration will bring sensor-generated data into analytics for organizations interested in industry 4.0 solutions.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • In February 2021, ABB Ltd. launched GoFa to help employees with repetitive and ergonomically challenging jobs. Furthermore, the launch will help the growing demand for robots that can handle greater payloads in order to improve flexibility and productivity.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Global Industry 4.0 Key Market Trends
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Digital twins have received a lot of attention as the Internet of Things (IoT) has risen in popularity in recent years. A virtual model that mimics the lifecycle of a physical entity or mechanism is known as a digital twin. By offering near real-time insights between the physical and digital worlds, this technology has enabled OEM manufacturers and automakers to remotely track and manage equipment and systems. Digital twin technology delivers unmatched insight into assets and production to identify bottlenecks, improve operations, and create product growth. Companies are implementing digital twin technology, which can detect anomalies and irregularities in operations quickly and provide a comprehensive perspective of the equipment's performance. Spare component maintenance and replacement can be planned in advance to reduce time-to-service and avoid costly asset breakdowns. Predictive maintenance using digital twins would assist OEMs in generating new service-based revenue while enhancing product reliability. Additionally, market players are introducing innovative digital twin solutions that improve equipment visibility and operational efficiency.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Global Industry 4.0 Market SkyQuest Analysis
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • According to our global industry 4.0 market analysis, Industry 4.0, or the fourth industrial revolution, focuses on interconnection, automation, machine learning, and real-time data. It is sometimes referred to as the Internet of Things (IoT), smart manufacturing, or smart digital technologies. Industrial IoT combines innovations from two disruptive revolutions. Because of the potential benefits, several industrial equipment manufacturers have implemented loT technology. Throughout the forecast period, manufacturing is expected to dominate the global market. The automotive, transportation, and chemical industries are predicted to be the most likely to use 14.0. Corporations in North America are increasingly embracing the concept of smart manufacturing, and the region is projected to dominate the market. Because of their significant steps to implement industrial automation and incorporate disruptive technologies into their manufacturing system value chain, Japan, China, and South Korea are leading the Asia Pacific market growth.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KEY MARKET SEGMENTS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Application
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Industrial automation
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • smart factory
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • industrial loT
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Vertical
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Manufacturing
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • energy & utilities
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • automotive
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • oil and gas
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • aerospace and defense
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • electronics and consumer goods
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • others
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Region
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • North America
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Europe
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Asia Pacific
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Latin America
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Middle East & Africa
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KEY MARKET PLAYERS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Siemens AG
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • General Electric Company
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • ABB Ltd.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Honeywell International Inc.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Cisco Systems Inc.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Rockwell Automation Inc.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • SAP SE
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Schneider Electric SE
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • IBM Corporation
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Mitsubishi Electric Corporation
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Emerson Electric Co.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Bosch Rexroth AG
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Fanuc Corporation
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Yaskawa Electric Corporation
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Stratasys Ltd.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • 3D Systems Corporation
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • HP Inc.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • EOS GmbH
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Materialise NV
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Proto Labs, Inc.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments

Methodology

For the Industry 4.0 Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Industry 4.0 Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Industry 4.0 Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Industry 4.0 Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

The global market for Industry 4.0 was estimated to be valued at US$ XX Mn in 2021.

The global Industry 4.0 Market is estimated to grow at a CAGR of XX% by 2028.

The global Industry 4.0 Market is segmented on the basis of Region.

Based on region, the global Industry 4.0 Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the global Industry 4.0 Market are stry 4.0 Market size was valued at USD 114.55 billion in 2021 and is poised to grow from USD 130.9 billion in 2022 to USD 377.3 billion by 2030, growing at a CAGR of 16.3% in the forecast period (2023-2030). , The fourth industrial revolution, known as Industry 4.0, focuses on interconnectivity, automation, machine learning, and real-time data. It is also known as the Internet of Things (IoT) or smart manufacturing combined with smart digital technology. Also, it employs machine learning and Big Data to create a more holistic and well-connected environment for firms centered on manufacturing and SCM. Accessing real-time information across processes, partners, products, and people can be a common difficulty for businesses across industries. Several major corporations are currently implementing loT measurements and key performance indicators to demonstrate operational progress, consumer experience, logistics, and supply chain profits. Several major corporations are currently implementing loT measurements and key performance indicators to demonstrate operational progress, consumer experience, logistics, and supply chain profits. Industrial sectors are increasingly implementing better smart industry solutions and adaptable device systems to control production and supply chain operations from a centralized system. Increased deployment of IoT-connected machines is predicted to considerably drive the Industry 4.0 market in the manufacturing sector during the forecast period. , Several companies are investing in advanced technologies such as human-machine interaction, analytics and intelligence, advanced engineering, connectivity, data, and processing capacity to boost production efficiency and lower production costs by reducing downtime in the manufacturing process. These technologies enable firms to forecast and predict future problems that may develop during ongoing operations. The traditional method of preventive maintenance is done manually depending on routine or time. However, with the arrival of IoT, preventive maintenance has become much more automated and streamlined. Systems can detect impending difficulties or whether machinery needs to be repaired, allowing organizations to tackle possible concerns before they become major issues. All of these reasons will contribute to the expansion of the Industry 4.0 market in the coming years. , Industry 4.0 assists firms in operating and optimizing all areas of their manufacturing operations and supply networks. Machine monitoring solutions, predictive maintenance techniques, and other improved operational technology can assist firms in reducing downtime, increasing throughput, and lowering the overall cost of supplying quality parts. Manufacturing organizations, like many others, have seen isolated data with separate divisions inside the organization and at various levels such as machine level, plant level, and corporate. A combined operation provides convenience to several data sources and, when properly conducted, provides an easy way to utilize that data for effective decision-making. Furthermore, any manufacturer must be able to respond quickly to changing demands, the latest product trends, skill gaps, and other irregular obstacles. Manufacturers have a better chance of successfully pivoting when they have the right technologies in place. , The increasing usage of technology in organizations around the world is driving the growth of the market over the forecast period. Additionally, rising internet penetration and digitization trends are boosting the Industry 4.0 market, owing to the increasing requirement for efficiency and cost-effective production in numerous industries. Also, the number of market participants in developed nations such as North America is growing. The increased need for technical improvements, as well as rising consumer spending on Industry 4.0 solutions such as advanced robotics, AR/VR systems, and 3D printing solutions, are expected to drive growth of the market during the forecast period. , North American corporations are increasingly adopting the notion of smart manufacturing, and the region is expected to dominate the market. The majority of factories in the market are now outfitted with new machinery and smart factory technology, allowing other enterprises to shift from traditional production processes to smart manufacturing. Major market players, government efforts, and increased financing for research and development activities are all important aspects that contribute to North America being a dynamic place for market growth. , In 2021, Europe had the second largest global industry 4.0 market share. To maintain its position in the global market, the European sector has made significant investments in technology and capabilities. The use of connected objects and automated techniques has altered German industry and ushered in the fourth industrial revolution. The proliferation of connections, networked objects, real-time data processing, and pervasive information is altering industry paradigms. Siemens, Honeywell, and General Electric are among the early adopters of 14.0 and are far ahead of the curve in terms of implementation. , Japan, China, and South Korea are leading the Asia Pacific market growth due to their extensive measures to adopt industrial automation and integrate disruptive technologies in their manufacturing system value chain. The strategy includes the top ten industries, such as semiconductors, advanced robotics, electric vehicles, and artificial intelligence. This state-led industrial program, inspired German government's 14.0 development plan, aspires to make China the global leader in high-tech manufacturing. Japan created the Society 5.0 programs to solve economic, social, and industrial concerns. , The fourth industrial revolution is being helped across Latin America, the Middle East, and Africa by government initiatives and an understanding of how important it is to incorporate digital technology in order to sustain the global economy. For example, in October 2020, the Middle East government planned to launch an industry 4.0 revolution in collaboration with the World Economic Forum. The UAE economy's success also reaffirms its ability to become a world leader by solving the fundamental difficulties involved in digital transformation and technological advancements. The approach is intended to increase its position as a global center while also expanding its support for the national economy. In addition, prominent players in Brazil have joined forces to encourage the application of technology assets in order to accelerate adoption. , Global Industry 4.0 Market Dynamics , Drivers , Increasing the Use of Additive Manufacturing , 3D printing and additive manufacturing are two of today's most cutting-edge technologies. In recent years, 3D printing has been widely employed to meet the massive increase in demand for ventilator valves in hospitals around the world. Currently, 3D printing technology is positioned to alter a number of industrial industry trends. Globally, governments are launching projects and offering financing to educational institutions, research centers, and research and technology organizations to further investigate and stimulate the development of 3D printing technology. The United States, the United Kingdom, and Canada are developing government initiatives to encourage university-level 3D printing research, which is propelling technological innovation and the establishment of start-ups. In the future, the introduction of new uses for 3D printing will entice businessmen and governments all over the world to invest in the technology. , Restraints , Significant Implementation Costs to Restrict Employment of Industrial Robots in Startups , In a smart production, industrial robots can save time, reduce downtime, and eliminate monotonous manual labor. However, industrial robot deployment is too expensive. A single industrial robot might cost up to 20,000 USD. As a result, the deployment of industrial robots in industries necessitates significant financial resources. Startups operate on a very small scale, making the deployment of industrial robots in their manufacturing units impractical. The robots also have exorbitant repair and maintenance costs. , Global Industry 4.0 Market Competitive Landscape , The global industry 4.0 market is fragmented and highly competitive. Key industry players are focused on product developments, new product launches, and geographical expansions to gain a significant amount of market share. , Recent Developments , In February 2022, IBM acquired Sentaca, a prominent provider of telco consulting services and solutions. This acquisition will help IBM accelerate its hybrid cloud consulting business by providing important expertise to assist Communication Service Providers (CSPs) and media conglomerates in modernizing multiple cloud platforms, innovating, and transforming their operations. , In February 2021, Siemens and IBM signed an agreement on a joint venture to provide cloud services based on RedHat's Openshift and increase the deployment flexibility of Siemens' MindSphere industrial IoT as a service. Customers will be able to deploy MindSphere on-premises, increasing the speed and agility of factory and plant operations, as well as over the cloud for seamless product support, upgrades, and corporate connection. , In November 2021, Siemens increased its IoT offering with the launch of a digital, vendor-independent, cross-manufacturer App Store for consumers. , In February 2021, Software and SAP SE collaborated to integrate SAP's S/4HANA Cloud with Software AG's analytics platform, TrendMiner. This collaboration will bring sensor-generated data into analytics for organizations interested in industry 4.0 solutions. , In February 2021, ABB Ltd. launched GoFa to help employees with repetitive and ergonomically challenging jobs. Furthermore, the launch will help the growing demand for robots that can handle greater payloads in order to improve flexibility and productivity. , Global Industry 4.0 Key Market Trends , Digital twins have received a lot of attention as the Internet of Things (IoT) has risen in popularity in recent years. A virtual model that mimics the lifecycle of a physical entity or mechanism is known as a digital twin. By offering near real-time insights between the physical and digital worlds, this technology has enabled OEM manufacturers and automakers to remotely track and manage equipment and systems. Digital twin technology delivers unmatched insight into assets and production to identify bottlenecks, improve operations, and create product growth. Companies are implementing digital twin technology, which can detect anomalies and irregularities in operations quickly and provide a comprehensive perspective of the equipment's performance. Spare component maintenance and replacement can be planned in advance to reduce time-to-service and avoid costly asset breakdowns. Predictive maintenance using digital twins would assist OEMs in generating new service-based revenue while enhancing product reliability. Additionally, market players are introducing innovative digital twin solutions that improve equipment visibility and operational efficiency. , Global Industry 4.0 Market SkyQuest Analysis , SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research. , According to our global industry 4.0 market analysis, Industry 4.0, or the fourth industrial revolution, focuses on interconnection, automation, machine learning, and real-time data. It is sometimes referred to as the Internet of Things (IoT), smart manufacturing, or smart digital technologies. Industrial IoT combines innovations from two disruptive revolutions. Because of the potential benefits, several industrial equipment manufacturers have implemented loT technology. Throughout the forecast period, manufacturing is expected to dominate the global market. The automotive, transportation, and chemical industries are predicted to be the most likely to use 14.0. Corporations in North America are increasingly embracing the concept of smart manufacturing, and the region is projected to dominate the market. Because of their significant steps to implement industrial automation and incorporate disruptive technologies into their manufacturing system value chain, Japan, China, and South Korea are leading the Asia Pacific market growth. , KEY MARKET SEGMENTS , Application , Industrial automation , smart factory , industrial loT , Vertical , Manufacturing , energy & utilities , automotive , oil and gas , aerospace and defense , electronics and consumer goods , others , By Region , North America , Europe , Asia Pacific , Latin America , Middle East & Africa , KEY MARKET PLAYERS , Siemens AG , General Electric Company , ABB Ltd. , Honeywell International Inc. , Cisco Systems Inc. , Rockwell Automation Inc. , SAP SE , Schneider Electric SE , IBM Corporation , Mitsubishi Electric Corporation , Emerson Electric Co. , Bosch Rexroth AG , Fanuc Corporation , Yaskawa Electric Corporation , Stratasys Ltd. , 3D Systems Corporation , HP Inc. , EOS GmbH , Materialise NV , Proto Labs, Inc. .

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