The Business Research Company’s Industry 4.0 Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Industry 4.0 Global Market Report 2023 evaluates industry 4.0 market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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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%.
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.
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The industry 4.0 market segments in the report are:
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
The table of contents in TBRC’s industry 4.0 market report 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. Industry 4.0 Market Segmentation
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26. South America Industry 4.0 Market
27. Brazil Industry 4.0 Market
28. Middle East Industry 4.0 Market
29. Africa Industry 4.0 Market
30. Industry 4.0 Market Competitive Landscape And Company Profiles
Top Major Players:
- Siemens AG
- General Electric Company
- Intel Corporation
- International Business Machines Corporation
- Cisco Systems Inc
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