Industry 4.0 Market Size, Trends, and Insights By Application (industry IoT, Smart factory, industry automation), By Vertical Analysis (Electronics and consumer goods, Aerospace and Defense, Oil and gas, Automotive, Energy and utilities, Manufacturing, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Ansys Inc.
- Cisco Systems Inc.
- ABB Ltd.
- Alphabet Inc.
- Others
Reports Description
According to Custom Market Insights (CMI), The Global Industry 4.0 Market Size was valued at USD 116.95 billion in 2021 and is expected to reach USD 132.11 billion in 2022 and is estimated to reach USD 406.49 billion by the end of 2030 at a CAGR of approximately 16.5% during the forecast period 2022-2030.
The rapidly increasing trend of automation and digitalization in the field of the manufacturing process has helped the industry to undergo a tremendous revolution which is foreseen to grow further during the forecast period. The penetration of the Internet and digitalization into the present market to increase the efficiency of the industries and produce more profits by boosting the productivity of the manufacturing units has helped the market to record considerable revenue over the period.
The recent development that has taken place in the field of technology and computerization has helped industries to automate their services and reduce the human intervention that poses a potential risk of error. Improved efficiencies have been showcased by the manufacturing units with the rapid adoption of automated technologies and services that have boosted the entire process to a great extent. The industrial sector’s increasing demand for better equipment and technologies encourages the key market players to invest more in research and development.
The pandemic outbreak considerably impacted the growth of the industry 4.0 market resulting from the increasing demand accompanied by the introduction of advanced technologies. The entire world underwent rapid digitalization after the pandemic to keep the manufacturing processes functioning. This gave the key market players a major opportunity to display their usability. Institutions worldwide underwent rapid digitalization and automation, which helped the process run. Adopting automation and digitalization from educational institutions to industries helped evolve the entire system.
Growth Factors
Industrial robots have been adopted by almost every manufacturing unit worldwide, which has helped boost the production rate by removing the factor of fatigue from the manufacturing process. Minimum human intervention in manufacturing leads to greater precision and accuracy in the task performed by automated robots, which follow exact instructions and orders for a longer period.
The adoption of robotics and technology in manufacturing resulted in an industrial revolution that helped transform the entire system. Ironing, positioning, product inspection, welding, and heavy lifting are performed with the help of automated machines that only require instructions from their user. Various manufacturing processes which involve greater risk and can be life-threatening for a human being can be performed easily with the help of automated robots that can perform greater tasks that involve risks.
Huge investments made by the key market players to conduct rapid research and development programs to introduce advanced robotic systems into the market have emerged as a major growth factor for the industrial 4.0 market. Industrial robots have been adopted worldwide, supported by the automation industry, which has used artificial intelligence to boost the production of its manufacturing units.
Segmental Insights
- Segmentation of the industry 4.0 market based on the application
The segment of industrial IoT comprises the developments that have taken place in two revolutions. The vantages obtained from IoT technology Have encouraged many manufacturers worldwide to adopt these latest technologies that have increased the speed of production and transformed the entire system in favor of the manufacturers.
The tier system has been revolutionized with the introduction and active adoption of IoT in the industrial sector. Rapid industrialization worldwide has helped to support this market to a great extent which is expected to continue similarly during the forecast period. The equipment used in the industrial sector is connected with the help of wireless methods, and information is collected with the help of sensors from these devices, which provide in-depth information regarding the manufacturing process and the difficulties that arise during production.
The condition of the machines and equipment used for the manufacturing process can also be judged with the help of IoT technology, which provides detailed information regarding maintenance issues. The performance of the machines and equipment can be enhanced by using this information which helps to increase productivity to a great extent. The potential failures responsible for the decline of production can also be rectified with the help of this technology.
Human intervention can be kept minimum with the help of the introduction of artificial intelligence and technologies that automate the entire production process with minimum error and maximum productivity. Production quality is merged with flexibility, which helps to deal with any situation during the manufacturing process. The requirement expressed by the potential consumers can be fulfilled with the help of smart factories that provide customization facilities.
- Segmentation of industry 4.0 market based on Vertical Analysis
Based on the vertical analysis, the manufacturing process segment has been considered the leading market player across the globe resulting in its massive contribution to the market’s growth. The world has gone into a phase of rapid industrialization, which has boosted the number of manufacturers worldwide.
Using automated machines and smart robots to perform the various functions and activities involved in the manufacturing process has helped the market show tremendous growth during the forecast period. The huge number of manufacturing units that are present all over the world has boosted the economy of industry 4.0 to a great extent. Human intervention has been reduced to a negligible value with the introduction of smart robots into the manufacturing process.
The use of smart robots in the manufacturing process has become a recent trend in the market which has helped the key market players to provide better competition to each other in terms of quality and production. Huge investments have been made by the key market players in the field of research and development to introduce new and advanced technologies that provide faster results in a shorter period with maximum accuracy and precision. Rapid development is also taking place to create an integrated environment where humans and robots can perform their work hand in hand and accomplish complex tasks jointly with the help of sensor-connected machines that can also understand the human response.
The manufacturing process in the automotive sector has adopted advanced solutions on a larger scale and hence is providing the market with a significant contribution during the forecast period. The production equipment can be tracked and traced with the help of advanced technologies being monitored in the manufacturing plants to detect the probable defects that can hamper the tiring process in the future. A huge variety of consumer demands have been experienced by manufacturers, which can be fulfilled with the help of smart robots and automated machines that provide the necessary alterations according to the demand expressed by the consumer.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 116.95 Billion |
| Projected Market Size in 2030 | USD 406.49 Billion |
| CAGR Growth Rate | 16.5% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | Ansys Inc., Cisco Systems Inc., ABB Ltd., Alphabet Inc., Cognex Corporation, FANUC Corporation, General Electric Company, International Business Machines Corporation, KUKA AG, HMS Networks AB, Intel Corporation, Microsoft Corporation, Mitsubishi Electric Corporation, Schneider Electric SE, Siemens AG, Rockwell Automation Inc., SAP SE, Stratasys Ltd., The Hewlett Packard Enterprise Company, The Yaskawa Electric Corporation, and Others |
| Key Segment | By Application, Vertical Analysis, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors, and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfill your requirements for research. |
Regional Insights
Based on geography, the region of North America has emerged as the fastest growing market with the increasing adoption of technology, and smart robots in the manufacturing process carried out in the industries. The involvement of automated machines in manufacturing has emerged as a major growth factor for this region. Most of the factories in this region have adopted advanced technologies and automated machines that help increase the production and output of the manufacturing unit.
Conventional manufacturing techniques have been replaced with the help of automated machines that provide better accuracy and precision resulting from minimum human intervention. The key market players in this region become another growth factor for the market. The key market players have made huge investments to introduce modern technologies and automated services for the manufacturing process. The next largest market which has made a significant contribution to industry 4.0 is Europe which has invested a substantial amount in maintaining the competition against its potential competitors.
The various transformations that have taken place in German manufacturing techniques have given a boost to the industrial revolution. The adoption of real-time data interpretation and connectivity has helped the manufacturers transform the entire manufacturing process, which has helped to encourage the market for industrial 4.0. Various tech giants have adopted modern manufacturing methods and maintained their position in the global market. The Asia Pacific region is growing rapidly due to the adoption of industrial automation. Various efforts have been made by the key market players belonging to the season to deal with the challenges that are arising from the adoption of automated technologies in the field of manufacturing.
Recent Developments
- In March 2021 – Nokia company landed in collaboration with WEG industries, a power headquarter that also deals with automation. This collaboration took place intending to develop Nokia’s digital automation cloud.
- In April 2021 – Cyient, a limited digital engineering and technology solutions, introduced an intelligent suite that encourages digital transformation in the field of the manufacturing process. Value is provided to assets like industry, automotive, aerospace, manufacturing, and utility if you can.
- In February 2021 – Schneider Electric collaborated with Nexans. This collaboration promoted a digital transformation procedure that will encourage industry 4.0. The predictive maintenance of the manufacturing units can be improved with the help of this digitalization. The total carbon emitted by the manufacturing units can be controlled with the help of this system. The entire production process can efficiently increase the manufacturing unit’s output.
Key Player
- Ansys Inc.
- Cisco Systems Inc.
- ABB Ltd.
- Alphabet Inc.
- Cognex Corporation
- FANUC Corporation
- General Electric Company
- International Business Machines Corporation
- KUKA AG
- HMS Networks AB
- Intel Corporation
- Microsoft Corporation
- Mitsubishi Electric Corporation
- Schneider Electric SE
- Siemens AG
- Rockwell Automation Inc.
- SAP SE
- Stratasys Ltd.
- The Hewlett Packard Enterprise Company
- The Yaskawa Electric Corporation
A segment of industry 4.0 covered in this report
By Application
- Industrial IoT
- Smart factory
- Industrial automation
By Vertical Analysis
- Electronics and consumer goods
- Aerospace and defense
- Oil and gas
- Automotive
- Energy and utilities
- Manufacturing
- Others
On the basis of Geography
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Industry 4.0 Market, (2022 – 2030) (USD Billion)
- 2.2 Global Industry 4.0 Market : snapshot
- Chapter 3. Global Industry 4.0 Market – Industry Analysis
- 3.1 Industry 4.0 Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Industrial Robots Have Been Adopted By Almost Every Manufacturing Unit Worldwide
- 3.2.2 The Adoption Of Robotics And Technology In Manufacturing Resulted In An Industrial Revolution
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Application
- 3.7.2 Market attractiveness analysis By Vertical Analysis
- Chapter 4. Global Industry 4.0 Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Industry 4.0 Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Industry 4.0 Market – Application Analysis
- 5.1 Global Industry 4.0 Market overview: By Application
- 5.1.1 Global Industry 4.0 Market share, By Application, 2021 and 2030
- 5.2 Industrial IoT
- 5.2.1 Global Industry 4.0 Market by Industrial IoT, 2022 – 2030 (USD Billion)
- 5.3 Smart factory
- 5.3.1 Global Industry 4.0 Market by Smart factory, 2022 – 2030 (USD Billion)
- 5.4 Industrial automation
- 5.4.1 Global Industry 4.0 Market by Industrial automation, 2022 – 2030 (USD Billion)
- 5.1 Global Industry 4.0 Market overview: By Application
- Chapter 6. Global Industry 4.0 Market – Vertical Analysis Analysis
- 6.1 Global Industry 4.0 Market overview: By Vertical Analysis
- 6.1.1 Global Industry 4.0 Market share, By Vertical Analysis, 2021 and 2030
- 6.2 Electronics and consumer goods
- 6.2.1 Global Industry 4.0 Market by Electronics and consumer goods, 2022 – 2030 (USD Billion)
- 6.3 Aerospace and defense
- 6.3.1 Global Industry 4.0 Market by Aerospace and defense, 2022 – 2030 (USD Billion)
- 6.4 Oil and gas
- 6.4.1 Global Industry 4.0 Market by Oil and gas, 2022 – 2030 (USD Billion)
- 6.5 Automotive
- 6.5.1 Global Industry 4.0 Market by Automotive, 2022 – 2030 (USD Billion)
- 6.6 Energy and utilities
- 6.6.1 Global Industry 4.0 Market by Energy and utilities, 2022 – 2030 (USD Billion)
- 6.7 Manufacturing
- 6.7.1 Global Industry 4.0 Market by Manufacturing, 2022 – 2030 (USD Billion)
- 6.1 Global Industry 4.0 Market overview: By Vertical Analysis
- Chapter 7. Industry 4.0 Market – Regional Analysis
- 7.1 Global Industry 4.0 Market Regional Overview
- 7.2 Global Industry 4.0 Market Share, by Region, 2021 & 2030 (USD Billion)
- 7.3. North America
- 7.3.1 North America Industry 4.0 Market, 2022 – 2030 (USD Billion)
- 7.3.1.1 North America Industry 4.0 Market, by Country, 2022 – 2030 (USD Billion)
- 7.3.1 North America Industry 4.0 Market, 2022 – 2030 (USD Billion)
- 7.4 North America Industry 4.0 Market, by Application, 2022 – 2030
- 7.4.1 North America Industry 4.0 Market, by Application, 2022 – 2030 (USD Billion)
- 7.5 North America Industry 4.0 Market, by Vertical Analysis, 2022 – 2030
- 7.5.1 North America Industry 4.0 Market, by Vertical Analysis, 2022 – 2030 (USD Billion)
- 7.6. Europe
- 7.6.1 Europe Industry 4.0 Market, 2022 – 2030 (USD Billion)
- 7.6.1.1 Europe Industry 4.0 Market, by Country, 2022 – 2030 (USD Billion)
- 7.6.1 Europe Industry 4.0 Market, 2022 – 2030 (USD Billion)
- 7.7 Europe Industry 4.0 Market, by Application, 2022 – 2030
- 7.7.1 Europe Industry 4.0 Market, by Application, 2022 – 2030 (USD Billion)
- 7.8 Europe Industry 4.0 Market, by Vertical Analysis, 2022 – 2030
- 7.8.1 Europe Industry 4.0 Market, by Vertical Analysis, 2022 – 2030 (USD Billion)
- 7.9. Asia Pacific
- 7.9.1 Asia Pacific Industry 4.0 Market, 2022 – 2030 (USD Billion)
- 7.9.1.1 Asia Pacific Industry 4.0 Market, by Country, 2022 – 2030 (USD Billion)
- 7.9.1 Asia Pacific Industry 4.0 Market, 2022 – 2030 (USD Billion)
- 7.10 Asia Pacific Industry 4.0 Market, by Application, 2022 – 2030
- 7.10.1 Asia Pacific Industry 4.0 Market, by Application, 2022 – 2030 (USD Billion)
- 7.11 Asia Pacific Industry 4.0 Market, by Vertical Analysis, 2022 – 2030
- 7.11.1 Asia Pacific Industry 4.0 Market, by Vertical Analysis, 2022 – 2030 (USD Billion)
- 7.12. Latin America
- 7.12.1 Latin America Industry 4.0 Market, 2022 – 2030 (USD Billion)
- 7.12.1.1 Latin America Industry 4.0 Market, by Country, 2022 – 2030 (USD Billion)
- 7.12.1 Latin America Industry 4.0 Market, 2022 – 2030 (USD Billion)
- 7.13 Latin America Industry 4.0 Market, by Application, 2022 – 2030
- 7.13.1 Latin America Industry 4.0 Market, by Application, 2022 – 2030 (USD Billion)
- 7.14 Latin America Industry 4.0 Market, by Vertical Analysis, 2022 – 2030
- 7.14.1 Latin America Industry 4.0 Market, by Vertical Analysis, 2022 – 2030 (USD Billion)
- 7.15. The Middle-East and Africa
- 7.15.1 The Middle-East and Africa Industry 4.0 Market, 2022 – 2030 (USD Billion)
- 7.15.1.1 The Middle-East and Africa Industry 4.0 Market, by Country, 2022 – 2030 (USD Billion)
- 7.15.1 The Middle-East and Africa Industry 4.0 Market, 2022 – 2030 (USD Billion)
- 7.16 The Middle-East and Africa Industry 4.0 Market, by Application, 2022 – 2030
- 7.16.1 The Middle-East and Africa Industry 4.0 Market, by Application, 2022 – 2030 (USD Billion)
- 7.17 The Middle-East and Africa Industry 4.0 Market, by Vertical Analysis, 2022 – 2030
- 7.17.1 The Middle-East and Africa Industry 4.0 Market, by Vertical Analysis, 2022 – 2030 (USD Billion)
- Chapter 8. Company Profiles
- 8.1 Ansys Inc.
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 Cisco Systems Inc.
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 ABB Ltd.
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 Alphabet Inc.
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 Cognex Corporation
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 FANUC Corporation
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 General Electric Company
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 International Business Machines Corporation
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.9 KUKA AG
- 8.9.1 Overview
- 8.9.2 Financials
- 8.9.3 Product Portfolio
- 8.9.4 Business Strategy
- 8.9.5 Recent Developments
- 8.10 HMS Networks AB
- 8.10.1 Overview
- 8.10.2 Financials
- 8.10.3 Product Portfolio
- 8.10.4 Business Strategy
- 8.10.5 Recent Developments
- 8.11 Intel Corporation
- 8.11.1 Overview
- 8.11.2 Financials
- 8.11.3 Product Portfolio
- 8.11.4 Business Strategy
- 8.11.5 Recent Developments
- 8.12 Microsoft Corporation
- 8.12.1 Overview
- 8.12.2 Financials
- 8.12.3 Product Portfolio
- 8.12.4 Business Strategy
- 8.12.5 Recent Developments
- 8.13 Mitsubishi Electric Corporation
- 8.13.1 Overview
- 8.13.2 Financials
- 8.13.3 Product Portfolio
- 8.13.4 Business Strategy
- 8.13.5 Recent Developments
- 8.14 Schneider Electric SE
- 8.14.1 Overview
- 8.14.2 Financials
- 8.14.3 Product Portfolio
- 8.14.4 Business Strategy
- 8.14.5 Recent Developments
- 8.15 Siemens AG
- 8.15.1 Overview
- 8.15.2 Financials
- 8.15.3 Product Portfolio
- 8.15.4 Business Strategy
- 8.15.5 Recent Developments
- 8.16 Rockwell Automation Inc.
- 8.16.1 Overview
- 8.16.2 Financials
- 8.16.3 Product Portfolio
- 8.16.4 Business Strategy
- 8.16.5 Recent Developments
- 8.17 SAP SE
- 8.17.1 Overview
- 8.17.2 Financials
- 8.17.3 Product Portfolio
- 8.17.4 Business Strategy
- 8.17.5 Recent Developments
- 8.18 Stratasys Ltd.
- 8.18.1 Overview
- 8.18.2 Financials
- 8.18.3 Product Portfolio
- 8.18.4 Business Strategy
- 8.18.5 Recent Developments
- 8.19 The Hewlett Packard Enterprise Company
- 8.19.1 Overview
- 8.19.2 Financials
- 8.19.3 Product Portfolio
- 8.19.4 Business Strategy
- 8.19.5 Recent Developments
- 8.20 The Yaskawa Electric Corporation
- 8.20.1 Overview
- 8.20.2 Financials
- 8.20.3 Product Portfolio
- 8.20.4 Business Strategy
- 8.20.5 Recent Developments
- 8.1 Ansys Inc.
List Of Figures
Figures No 1 to 23
List Of Tables
Tables No 1 to 52
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Key Player
- Ansys Inc.
- Cisco Systems Inc.
- ABB Ltd.
- Alphabet Inc.
- Cognex Corporation
- FANUC Corporation
- General Electric Company
- International Business Machines Corporation
- KUKA AG
- HMS Networks AB
- Intel Corporation
- Microsoft Corporation
- Mitsubishi Electric Corporation
- Schneider Electric SE
- Siemens AG
- Rockwell Automation Inc.
- SAP SE
- Stratasys Ltd.
- The Hewlett Packard Enterprise Company
- The Yaskawa Electric Corporation
- Others
FAQs
“North America” region will lead the global Industry 4.0 market during the forecast period 2022 to 2030.
The key factors driving the market are Industrial Robots Have Been Adopted By Almost Every Manufacturing Unit Worldwide and The Adoption Of Robotics And Technology In Manufacturing Resulted In An Industrial Revolution.
The key players operating in the Industry 4.0 market are Ansys Inc., Cisco Systems Inc., ABB Ltd., Alphabet Inc., Cognex Corporation, FANUC Corporation, General Electric Company, International Business Machines Corporation, KUKA AG, HMS Networks AB, Intel Corporation, Microsoft Corporation, Mitsubishi Electric Corporation, Schneider Electric SE, Siemens AG, Rockwell Automation Inc., SAP SE, Stratasys Ltd., The Hewlett Packard Enterprise Company, The Yaskawa Electric Corporation.
The global Industry 4.0 market is expanding growth with a CAGR of approximately 16.3% during the forecast period (2022 to 2030).
The global Industry 4.0 market size was valued at USD 130.90 Billion in 2021 and it is projected to reach around USD 377.3 Billion by 2030.