Industry 4.0 Market Regional Overview,Covid-19 Business Impact And New Opportunities

Industry 4.0 Market

Industry 4.0 Market Overview

As per Maximize Market Research, a global business research and consultancy firm, the total global market for “Industry 4.0 Market” was USD 78.27 in 2022 and is expected to grow at a CAGR of 20.6 percent over the forecast period to reach USD 290.42 by 2029.

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Industry 4.0 Market Scope and Methodology

The bottom-up approach was used in the report to estimate the Industry 4.0 Market.  The primary and secondary data sources were used to collect data. The primary source involved interviews with significant market leaders and industry experts including business owners and marketing specialists while secondary sources are a combination of the reviews of the financial and annual reports of top manufacturers. For better information on market penetration, competitive landscape demand analysis, and regional analysis are taken at the local, regional, and global levels. The report presented the PORTER and PESTLE Analysis with the potential impact of micro-economic factors of the Industry 4.0 market. SWOT analysis is used to identify the threats and weaknesses of the market while PORTER is used to determine the competitive intensity of the industry in the Industry 4.0 market.

Industry 4.0 Market Regional Insights

Categorized broadly, the Industry 4.0 market is segmented across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report comprehensively analyzes factors, market size, growth rate, and regional import-export activities. The regional analysis extends to both local and country levels for a comprehensive examination.

Industry 4.0 Market Segmentation

The market is divided into Industrial Robotics, IIoT, AI and ML, Blockchain, Extended Reality, Digital Twin, 3D Printing, and Other Technology Types based on the type of technology. By 2029, the IIoT technology type segment is anticipated to have the greatest market share, accounting for 20.6%. Several producers of industrial equipment have adopted IoT due to the potential advantages of the technology. Manufacturers can precisely assess the current status of machinery, improve their performance, identify future faults, and properly arrange maintenance schedules by connecting industrial equipment via wireless communication and receiving sensor data from the equipment. One of the main reasons for its rising popularity is its capability to perform predictive maintenance and remotely monitor company assets.

The market is divided into Manufacturing, Automotive, Oil and Gas, Energy and Utilities, Electronics and Foundry, Food and Beverage, Aerospace and Defence, and Other End User Industries based on the end user industry. The manufacturing sector is anticipated to expand quickly between 2022 and 2029, with a CAGR of 20.6%. The number of industrial robots in factories has risen to an all-time high as a result of the development of smart production, and automation has increased by about 85% during the previous five years. The severe conditions that the two primary customer industries, automotive and electrical/electronics, are confronting are reflected in the 12% reduction in sales.

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Industry 4.0 Market Key Players

1. 3D Systems (US)
2. ABB (Switzerland)
3. Advantech (Taiwan)
4. Basler (Germany)
5. Cisco Systems (US)
6. Cognex Corporation (US)
7. Daifuku (Japan)
8. Emerson Electric (US)
9. General Electric (US)
10.Honeywell International (US)
11.IBM (US)
12.Intel (US)
13.John Bean Technologies Corporation (US)
14.Nvidia (US)
15.Siemens (Germany)
16.Stratasys (Israel)
17.Techman Robot (Taiwan)
18.Universal Robots (Denmark)
19.Addverb Technologies (India)
20.SEAT (US)

Key questions answered in the Industry 4.0 Market are:

  • What is Industry 4.0?
  • What was the Industry 4.0 market size in 2022?
  • What are the different segments of the Industry 4.0 Market?
  • What growth strategies are the players considering to increase their presence in Industry 4.0?
  • What are the upcoming industry applications and trends for the Industry 4.0 Market?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for the Industry 4.0 Market?
  • Who are the key players in the Industry 4.0 market?
  • What segments are covered in the Industry 4.0 Market?
  • Who are the leading companies and what are their portfolios in Industry 4.0 Market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2021)
  • Past Pricing and price curve by region (2018 to 2021)
  • Market Size, Share, Size & Forecast by different segment | 2023−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of Business by Region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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