The Industry 4.0 Global Market Report 2023, provides comprehensive information on the industry 4.0 market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/industry-4-0-global-market-report
The global industry 4.0 market is expected to grow from $139 billion in 2022 to $167.12 billion in 2023 at a compound annual growth rate (CAGR) of 20.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The industry 4.0 market is expected to reach $341.49 billion in 2027 at a CAGR of 19.6%.
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Technological innovation is a key trend gaining popularity in the industry 4.0 market. Companies operating in the industry 4.0 market are adopting innovations to sustain their position in the market. For instance, in August 2022, Unbox Robotics, an Indian-based robotic technology company, launched UnboxSort, a first-of-its-kind vertical robotic sortation solution. It enables e-commerce merchants to scale up logistics to accommodate high parcel volumes. UnboxSort is the company’s industry 4.0 plug-and-play robotics system driven by Swarm Intelligence. It also uses Autonomous Mobile Robots (AMRs) to sort parcels vertically into smart racks in small spaces at fulfillment centers and warehouses.
The industry 4.0 market is segmented:
1) By Technology: Industrial Robots, Blockchain, Industrial Sensors, Industrial 3D Printing, Machine Vision, Human Machine Interface (HMI), Artificial Intelligence In Manufacturing, Digital Twin, Automatic Guided Vehicles (AGV), Machine Condition Monitoring
2) By Component: Solution, Services
3) By Enterprise Size: Small And Medium Enterprises, Large Enterprise
4) By End-User: Manufacturing, Automotive, Oil And Gas, Energy And Utilities, Electronics And Foundry, Food And Beverage, Aerospace & Defense, Other End-Users
Europe was the largest region in the industry 4.0 market in 2022.
The table of contents in TBRC’s industry 4.0 market report includes:
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Top Major Players
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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