Industry 4.0 Global Market – Overview
The trend itself, turned out to be one of the most highly growing market covering each and every sector in it. Industry 4.0 refers to fourth industrial revolution. The most widely adopted trend in the fourth revolution is the rise in the new digital industry technology like automation. The industry 4.0 mostly covers the manufacturing enterprises trying to adopt the technology of automation for more efficient and smart manufacturing, producing quality products. The industrial revolution started from mechanization, like in oil rigs, water power and steam power, to second industrial revolution, including the assembly line and mass production, to the third industrial revolution, including computer and automation and the fourth industrial revolution to physical cyber systems.
Certain factors like advancement in robotics and artificial intelligence, sensors, cloud computing, data analytics and software as a service are some of the factors that drive the growth of the global Industry 4.0 Market. Another factor actors contributing to the growth of the market are evolution of cloud computing technologies, technological advancements in electronics industry, implementation of smart factory concept & factory automation technologies and government initiatives by different countries across the globe, majorly in Asia Pacific and Europe.
The prominent players in the Industry 4.0 Market are – Bosch Rexroth AG (Germany), Maschinenfabrik Reinhausen GmbH (Germany), SAS (U.S.), Siemens AG (Germany), Wittenstein AG (Germany), General Electric Company (U.S.), Daimler AG (Germany), Klöckner & Co. SE (Germany), TRUMPF GmbH (Germany), Festo AG & Co. KG (Germany), Wittenstein AG (Germany) among others.
Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/2375
Worldwide Industry 4.0 Market – Segments:
The Industry 4.0 market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
- By Technology: Comprising Cloud computing, IoT platforms, Augmented reality, Location detection technology, Advanced human machine interfaces, Big data Analytics, Smart sensors, 3D printing, Mobile devices, among others
- By Application: Industrial Automation, Smart Factory, Industrial internet of things (IIoT), among others
- By End-Users: Industrial manufacturing, Oil & gas, Construction, Aerospace & defense, Electronics, Automotive, Transportation, Chemical, Pharmaceuticals, Mining & metals, Food & beverages, among others.
- By Regions: North America, Europe, APAC and Rest of the World.
Industry/ Innovations/ Related News
January 29, 2018 – Two Italian companies – Italtel, a leading telecommunications company in IT system integration, managed services, Network Functions Virtualization and Internet of Things solutions, and Rold Elettrotecnica, a leading household appliances component supplier, announced their partnership in the field of Industry 4.0.
The two companies have signed a Memorandum of Understanding that will see them work together to develop technological solutions and jointly launch innovation projects to improve industrial processes. These will be aimed at the Industry 4.0 market, both in Italy and across the world, through the creation of an ecosystem of partners.
January 11, 2018 – Announcing the vital acquisition of IoT ImpactLABS, the renowned Context Labs mentioned that the company will integrate IoT ImpactLABS expertise into its core blockchain-based offerings to accelerate the ‘Supply Chain of Everything’.
January 04, 2018 – Bosch acquired 5 percent indirect ownership stake in HERE Technologies – seeing the possible synergies with data-based services for Industry 4.0, smart homes, and smart cities. The collaboration could happen in the Industry 4.0 domain, for example. One potential area of application is intralogistics. For example, high-definition indoor navigation maps could be used to automate and streamline flows of goods all the way to the production line.
Worldwide Industry 4.0 Market – Regional Analysis:
North America and Europe regions would dominate the industry 4.0 market by the forecast period. However countries like in Japan and Germany are the farthest along in digitizing internal operations and partnering across the horizontal value chain owing to the high investments in technology and employee training. They view their digital transformation, primarily in terms of gains in operational efficiency, cost reduction and quality assurance. China is one of the countries that stand to gain the most from automating and digitizing labor-intensive manufacturing processes. In addition, Chinese companies are highly flexible and are open to digital change, and the Chinese workforce is embracing digital technologies. The study reveals that at present Asia Pacific companies report the highest digitization and digital integration levels.
Get Complete Report @ https://www.marketresearchfuture.com/reports/industry-4-0-market-2375
- Process Automation and Instrumentation Manufacturers
- Industrial Robot Manufacturers
- Semiconductor product designers and fabricators
- Automation product manufacturers
- Technology investors
- Hardware & software manufacturers
- MES (Manufacturing Execution System)
- MOM (Manufacturing Operations Management)
- System Integrators
- Government Organizations
- Research/Consultancy firms
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar