Industry 4.0 Market Description:
Industry 4.0 is considered as the fourth industrial revolution in the world, where the current computing and automation technologies are enhanced with the application of data analytics and machine learning. It is likely that in the coming year's machines will connect and communicate with each other without the presence of humans, which is the base for the rapid investments in the industry 4.0 market.
Market Growth and Trends:
The Industry 4.0 Market was estimated at USD 72 billion in 2020 and is expected to expand at CAGR 17% to reach USD 157 Billion by 2025.
Globally, the demand for Industry 4.0 is gaining prominence with the increasing adoption of numerous technologies in the manufacturing process and large investments by the market players in the research and development of innovative solutions.
Recent Developments:
JTC Corporation, which is based in Singapore is partnering with Taiwan-based power-component manufacturer Delta Electronics to increase its footprints in the adoption of industry 4.0.
Digital Horizon, in Israel, has invested almost USD 1 million in an industry 4.0 start-up Visual Factories, which developed an advanced service that allows the evaluation of existing manufacturing processes and optimizing the usage of available equipment.
KEF Infrastructure Private Limited, an Indian-based company has completed its first-ever modular construction project in Kerala, India, with the adoption of the technologies clubbed under industry 4.0
Drivers and Restraints of Industry 4.0 Market:
Drivers:
Restraints:
Market Segmentation:
By Technology:
Based on the technology, the global Industry 4.0 market is divided into the Internet of Things, Cloud Computing, Artificial Intelligence, Robotics, Augmented and Virtual Reality, Big Data, and Analytics, Cyber Security, Machine Learning, and others. Of all these technologies, the Internet of Things (IoT) has accounted for the prominent share due to the growing demand for connectivity of machines in several end-user applications like smart cities, transportation, healthcare, and so on. However, the other industrial 4.0 technologies like Big data and analytics, cybersecurity, Virtual Reality, etc., are also expected to create lucrative growth opportunities over the predicted period.
By Connectivity:
Based on the connectivity, the global industrial 4.0 market is separated as Wired, Wireless, Mobile, and Others. Of these, the wireless and mobile segments combined accounted for the domination portion in the overall revenue. They are also expected to proliferate in the coming years, attributing to the increasing penetration of smartphones and the availability of 5G technologies for fast data access and transfer.
By End-user:
Based on the end-user, the global Industry 4.0 market is segmented into Manufacturing, Automotive, Healthcare, Aerospace, Transportation, Energy and Power, and others. Of all the segments, the Manufacturing industry registered the largest share in the global market due to the increasing adoption of industrial robots, data analytics, and artificial intelligence technologies. It is also expected to grow at a considerable CAGR in the future. Nonetheless, other applications like automotive, transportation and logistics, healthcare, etc. are also anticipated to provide immense development potential for the industry 4.0 market in the foreseen years.
Industry 4.0 Market Region-wise analysis:
Marked Segmentation Based on the region:
a. Middle East
b. Africa
North America holds the prominent share in the global Industry 4.0 market due to the presence of leading players, early adoption of technologies, and support from local government. However, the Asia Pacific region is expected to witness huge demand in the coming years, owing to the mounting adoption of Internet of Things and robotics in the end-user applications, low production costs, huge industrial base in countries like Japan, and increasing demand from nations like India, China, South Korea, and others.
Key Players of Market:
Key players dominating the global Industry 4.0 market are Mitsubishi, General Electric, Microsoft, Google, Intel, HP, Siemens, ABB Ltd, Schneider Electric SE, Qualcomm Inc, SAP SE, International Business Machines Corporation, Alphabet Inc, Cisco Systems, Ansys, Amazon Web Services, IBM, General Vision, Yaskawa, and others.
RESEARCH METHODOLOGY:
The research done takes place in two phases namely-
Secondary Research The first phase of the research process is extensive secondary research and identification of the related intelligence. Secondary data is compiled from various sources. Extensive secondary research helps in generating hypotheses and identifying critical areas of interest that are investigated through primary research.
Primary Research This entails conducting hundreds of primary interviews with industry participants and commentators in order to validate the data points obtained from secondary research and to fill the data gaps. A primary interview provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook, etc. It also helps in deciding the scope and deliverables of the study in terms of the requirement of the market. Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies.
Industry 4.0 Market Research Report Key Highlights:
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Industry 4.0, By Technology
6.1.1 Internet of Things
6.1.2 Cloud Computing
6.1.3 Artificial Intelligence
6.1.4 Industrial Robotics
6.1.5 Augmented and Virtual Reality
6.1.6 Big Data and Analytics
6.1.7 Cybersecurity
6.1.8 Machine Learning
6.1.9 Market Size Estimations & Forecasts (2019-2024)
6.1.10 Y-o-Y Growth Rate Analysis
6.1.11 Market Attractiveness Index
6.2 Industry 4.0, By Connectivity
6.2.1 Wired
6.2.2 Wireless
6.2.3 Mobile
6.2.4 Market Size Estimations & Forecasts (2019-2024)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Industry 4.0, By End-User
6.3.1 Manufacturing
6.3.2 Automotive
6.3.3 Healthcare
6.3.4 Aerospace
6.3.5 Transportation and Logistics
6.3.6 Energy and Power
6.3.7 Market Size Estimations & Forecasts (2019-2024)
6.3.8 Y-o-Y Growth Rate Analysis
6.3.9 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Technology
7.2.3 By Connectivity
7.2.4 By End-User
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Technology
7.3.3 By Connectivity
7.3.4 By End-User
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Technology
7.4.3 By Connectivity
7.4.4 By End-User
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Technology
7.5.3 By Connectivity
7.5.4 By End-User
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Technology
7.6.3 By Connectivity
7.6.4 By End-User
8. Key Player Analysis
8.1 Mitsubishi
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 General Electric
8.3 Microsoft
8.4 Google
8.5 IBM
8.6 Cisco Systems
8.7 Schneider Electric SE
8.8 Internation Business Machines Corporations
8.9 HP
8.10 Siemens
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
