The global industry 4.0 market is projected to reach a market size of USD 240.55 Billion by 2027 at a rapid and steady CAGR over the forecast period, according to most recent analysis by Emergen Research. Projected steady growth of the global industry 4.0 market can be attributed to growing emphasis on production efficiency and reducing operation cost. Industry 4.0 enables increased operational efficiency and self-managing production methods, thus enabling humans, equipment, machines, and logistics and supply chain management systems to be interconnected and collaborate.
The latest research report presents a comprehensive investigation of the market, with a particular focus on the key growth trends and opportunities available for the leading market contenders.The report elaborates on a wide array of market aspects, including import & export, production and consumption rates, manufacturing processes, cost structures, sales network & distribution channels, and consumer bases in the key geographies. Authors of the report have also undertaken a far-reaching study of the present market scenario, coupled with a detailed analysis of significant factors like market size, share, and future growth rate.
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Key Highlights of Report
- In September 2019, the Factory Automation EMEA division of Mitsubishi Electric entered into a partnership with software developer ‘CONTACT’, to provide customized smart manufacturing solutions using digital twin technology.
- Industry 4.0 in the pharmaceutical sector helps in the improvement of product quality and productivity, thereby resulting in increased profitability. Also, industry 4.0 makes pharmaceutical production more well-organized and safer. Pharma 4.0, based on industry 4.0, enables systematic automated processes to run by a unified manufacturing control strategy.
- The industry 4.0 market in the Asia Pacific dominated other regional markets in terms of revenue share contribution to the global market in 2019. This high revenue growth can be attributed to robust presence of leading manufacturing companies in countries such as Japan, China, and South Korea. Also, increasing use of IoT, robotics, AI, and additive manufacturing in industries in the region are among other factors driving market growth.
- Major companies operating in the global industry 4.0 market include General Electric Company, Mitsubishi Electric Corporation, Cisco Systems Inc., ABB, KUKA, Stratasys Ltd., IBM Corporation, FANUC, Yaskawa Electric Corporation, and Siemens AG.
Industry 4.0 Market Segmentation:
Emergen Research has segmented the global industry 4.0 market in terms of technology, industry vertical, and region:
- Technology Outlook (Revenue, USD Million; 2017–2027)
- Artificial Intelligence
- Internet of Things
- 3D Printing
- Augmented Reality
- Virtual Reality
- Industrial Robotics
- Digital Twin
- Industrial Metrology
- Industry Vertical Outlook (Revenue, USD Million; 2017–2027)
- Energy & Utilities
- Consumer Electronics
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key points covered in the report:
- The report provides the reader with a detailed study of the global Industry 4.0 market, including essential data beneficial for business.
- The prominent factors driving and restraining market growth, latest product trends, and technological advancements have been extensively discussed by the authors of the report.
- A broad market categorization, based on product type, application gamut, and end-user landscape, has been included in the report.
- It further entails the latest product development, incorporation of new techniques, and profiles of major competitors in the market.
Table of Content:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Industry 4.0 Market Segmentation & Impact Analysis
4.1. Industry 4.0 Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
126.96.36.199. Proliferation of internet in industrial applications
188.8.131.52. Growing emphasis on production efficiency and reducing operation cost
184.108.40.206. Rising deployment of industrial robots
220.127.116.11. Increasing use of additive manufacturing
4.2.3. Market restraints analysis
18.104.22.168. High capital investment
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
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