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. Information and communication technology, which is an integral part of industry 4.0, uses multiple network components and communication protocols for centralized machine supervision and semi-automated/automated decision making, resulting in decreased downtime. Also, industry 4.0 allows for automatic process tracking and tracing and faster batch changeovers leading to improved productivity.
In addition, the study probes into the major factors such as import and export status, consumption volume, supply chain management, production capability and spending power to help business owners, stakeholders as well as field marketing executives zero in on profitable business strategies and stay competitive. A thorough analysis of intense competition among the top performers and strategies that have enabled them to occupy a strong foothold in the Industry 4.0 market makes the report a valuable resource for product owners exploring new avenues. All the vital information is presented through charts, graphs and tables and can be refereed for an industry specific presentation.
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Key questions answered in the report
What will be the market size in terms of value and volume in the next five years?
Which segment is currently leading the market?
In which region will the market find its highest growth?
Which players will take the lead in the market?
What are the key drivers and restraints of the market’s growth?
We provide detailed product mapping and investigation of various market scenarios. Our expert analysts provide a thorough analysis and breakdown of the market presence of key market leaders. We strive to stay updated with the recent developments and follow the latest company news related to the industry players operating in the global Industry 4.0 market. This helps us to comprehensively analyze the individual standing of the companies as well as the competitive landscape. Our vendor landscape analysis offers a complete study to help you gain the upper hand in the competition.
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.
The Industrial Internet of Things (IIoT) uses smart sensors and actuators for improvement of industrial and manufacturing processes. The key advantage of IIoT is that it enables automation of production processes and thus optimizes operating efficiency. According to a study, automation results using IIoT indicate around 30.0% increase in productivity.
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.
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Technology Outlook (Revenue, USD Million; 2017–2027)
Artificial Intelligence
Internet of Things
3D Printing
Augmented Reality
Virtual Reality
Blockchain
Industrial Robotics
Digital Twin
Industrial Metrology
Others
Industry Vertical Outlook (Revenue, USD Million; 2017–2027)
Manufacturing
Energy & Utilities
Chemical
Transportation
Pharmaceutical
Metals
Consumer Electronics
Others
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
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
4.2.2.1. Growth in mobile data traffic
4.2.2.2. Low latency in 5G
4.2.3. Market restraints analysis
4.2.3.1. Delay in Standardization of Spectrum Allocation
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
Chapter 5. Industry 4.0 Market By Communication Infrastructure Insights & Trends, Revenue (USD Million)
Chapter 6. Industry 4.0 Market By Technology Insights & Trends Revenue (USD Million)
Chapter 7. Industry 4.0 Market By Network Architecture Insights & Trends Revenue (USD Million)
Chapter 8. Industry 4.0 Market By End User Insights & Trends Revenue (USD Million)
Chapter 9. Industry 4.0 Market Regional Outlook
Continued…
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