Industry 4.0 Market Competitive Landscape 2024-2033 – Major Players and Strategies

Overview and Scope

Industry 4.0 refers to production systems that are intelligent and interconnected and are built to perceive, anticipate, and interact with the physical world to make decisions that support production in real time. It is used for the creation of intelligent factories and smart manufacturing.

Sizing and Forecast

The industry 4.0 market size has grown exponentially in recent years. It will grow from $167.12 billion in 2023 to $200.77 billion in 2024 at a compound annual growth rate (CAGR) of 20.1%. The growth in the historic period can be attributed to advancements in connectivity, automation and robotics, big data and analytics, cloud computing adoption, cyber-physical systems (cps).

The industry 4.0 market size is expected to see rapid growth in the next few years. It will grow to $413.22 billion in 2028 at a compound annual growth rate (CAGR) of 19.8%. The growth in the forecast period can be attributed to ai and machine learning growth, advanced robotics integration, 5g technology impact, blockchain in supply chain, edge computing advancements. Major trends in the forecast period include smart factories, digital twins implementation, human-machine collaboration, cybersecurity emphasis, remote operations and monitoring.

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Segmentation & Regional Insights

The industry 4.0 market covered in this report 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 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industry 4.0 market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth

The increased adoption of industrial robots is expected to propel the growth of the industry 4.0 market going forward. Industrial robots refer to mechanical machines that are designed to do production-related tasks automatically in industrial settings. Industrial robots make use of industry 4.0 by merging cutting-edge technologies like automation, IoT, and artificial intelligence to enable intelligent, autonomous, and linked robotic systems for improved productivity, adaptability, and efficiency in production operations. For instance, in June 2023, according to the International Federation of Robotics, a Germany-based non-profit organization, industrial robots are expected to be installed in 72,000 units in 2022, up from 67,000 units in 2021, a 6% increase year on year in the European Union. Therefore, the increased adoption of industrial robots is driving the industry 4.0 market.

Key Industry Players

Major companies operating in the industry 4.0 market report are Siemens AG, General Electric Company, Intel Corporation, International Business Machines Corporation, Cisco Systems Inc., Mitsubishi Electric Corporation, Honeywell International Inc., ABB Ltd., NVIDIA Corporation, Emerson Electric Co, Rockwell Automation Inc., Omron Corporation, Bosch Rexroth AG, Fanuc Corporation, Dassault Systemes SE, Daifuku Co Ltd., KUKA AG, Advantech Co Ltd., PTC Inc., Cognex Corporation, Stratasys Ltd., 3D Systems Inc., John Bean Technologies Corporation, Universal Robots A/S, Basler AG, Techman Robot Inc., Addverb Technologies Limited, Algolux, AIBrain Inc., Beckhoff Automation Pvt. Ltd.

The industry 4.0 market report table of contents includes:

1. Executive Summary

2. Industry 4.0 Market Characteristics

3. Industry 4.0 Market Trends And Strategies

4. Industry 4.0 Market – Macro Economic Scenario

5. Global Industry 4.0 Market Size and Growth

…

32. Global Industry 4.0 Market Competitive Benchmarking

33. Global Industry 4.0 Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Industry 4.0 Market

35. Industry 4.0 Market Future Outlook and Potential Analysis

36. Appendix

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