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Industry 4.0 Market Report Scope & Overview:

The Industry 4.0 Market Size was valued at USD 52.17 billion in 2023 and is expected to reach USD 383.03 billion by 2031 and grow at a CAGR of 28.3% over the forecast period 2024-2031.

The steady rise in CAGR is subject to market growth and demand reverting to pre-epidemic levels after the pandemic is over. The technical market, such as ABB Ltd, offers items such as robots, PLC automation, control room solutions, and motors and generators. Siemens AG, on the other hand, focuses on a variety of fields, including building technology, automation systems, and transportation.

Industry 4.0 Market Revenue Analysis

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As a consequence of various industries' increased emphasis on effectiveness and cost-effective performance, the market's development potential is being enhanced by expanding internet penetration and digitalization trends. The scope of possible disruption in the industrial value chain has begun to grow as a result of recent breakthroughs in digital technology and industrial automation. As a result of the fourth industrial revolution, businesses are experiencing more efficiency, lower costs, improved productivity, personalized products, and, most crucially, new revenue and business models (4.0).

Phantom Edge, for example, was released in May 2021 by Robert Bosch Engineering and Business Solutions Private Limited to provide a true perspective of electric attributes, device-level information, electrical power usage, and operating utilization. The Phantom Edge combines artificial intelligence (AI) and the internet of things (IoT) and may be utilized in a range of industries, including retail, manufacturing, medicine, agriculture, and mobility.

Ai technology, the internet - of - things (IoT), augmented and virtual reality, 3D printing, and blockchain are all altering the business model, including product design, distribution network, production process, and customer experience. Furthermore, major government attempts to digitize production processes in a variety of industries assisted global manufacturing industry giants such as Germany, the United States, France, and Japan.

Impact of COVID-19:

With the COVID-19 pandemic creating mayhem on the international economy, digitalization across industries is accelerating. This aspect gives digital leaders a new chance to innovate and deploy creative solutions to accelerate digitalization across the enterprise. The coming of the fourth industrial revolution (Industry 4.0) is expediting the emergence of the coronavirus, which will force organizations across industries to a larger degree of IoT technology (lol) technology and workflow. The global supply chain is undergoing unprecedented disruption as a result of the COVID-19 pandemic. Some manufacturing businesses have shut down, while others have witnessed a significant decline in demand, with only a few reporting an increase.

Organizations are implementing inventive strategies to reduce the disruption caused by virus spread. Logistics management is becoming extremely relevant in terms of risk management. Firms that have not yet started or are in the early process of implementing Industry 4.0 may face difficulties. Manufacturers and enterprises throughout the world will need to be flexible in monitoring and altering inventory requirements, simplifying supply chains, and leveraging contemporary technologies to improve industrial capacity in this circumstance. Positive government efforts are also likely to assist businesses in surviving the outbreak.

Market Dynamics:

Drivers

  • The industrial industry is increasingly embracing robotics engineering and technology in its manufacturing processes as a result of substantial technical developments in robotics.

  • Industrial robotics are versatile manipulator devices that can be programmed and controlled autonomously. Welding, lifting, pressing, soldering, pick - and - place, stacking pallets, quality assurance, and testing are just a few of the popular industrial robot applications.

Restraints

  • Integration and implementation of industry solutions have various benefits, but they also have several drawbacks that might stifle business growth shortly.

  • Data and security issues connected with integrating complex technologies are expected to stymie the expansion of industry 4.0.

Opportunities

  • AI and IoT technologies have quickly permeated the medical business in the previous five years.

  • Medical wearables are increasingly incorporating artificial intelligence (AI) and Internet of Things (IoT) technologies, culminating in a unified healthcare setting

Challenges

  • Artificial intelligence (AI) and the Internet of Things (IoT) are major elements of intelligent industrial systems. The concept of Industry 4.0 is based on devices that are connected throughout the whole ecosystem. This interconnection generates security problems throughout the system

  • Data visibility is the most serious cybersecurity issue for smart manufacturing on the factory floor.

Key Market Segmentation:

By Technology:

  • Industrial Robots

  • Blockchain

  • Industrial Sensors

  • Industrial 3D Printing

  • Machine Vision

  • HMI

  • AI in Manufacturing

  • Digital Twin

  • AGV’s

  • Machine Condition Monitoring

By Application:

  • Industrial Automation

  • Smart Factory

  • Industrial IoT

By Vertical:

  • Manufacturing

  • Energy and Utilities

  • Automotive

  • Oil and Gas

  • Aerospace & Defense

  • Electronics and Consumer Goods

  • Others

Industry 4.0 Market Segmentation Analysis

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Regional Coverage:

  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Key Market Players

Industry 4.0 companies have used several organic and inorganic development techniques, such as new product launches and acquisitions, to boost their market offerings. General Electric (US), Honeywell International (US), ABB (Switzerland), Emerson Electric (US), 3D Systems (US), Advantech (Taiwan), Basler (Germany), Cisco Systems (US), Cognex Corporation (US), Daifuku (Japan), IBM (US), Intel (US), John Bean Technologies Corporation (US), Nvidia (US), Stratasys (Israel), Techman Robot (Taiwan), Universal Robot (Denmark) & Other Players

Honeywell International - Company Financial Analysis

Company Landscape Analysis

Industry 4.0 Market Report Scope:
Report Attributes Details
Market Size in 2023  US$ 52.17 Bn
Market Size by 2031  US$ 383.03 Bn
CAGR   CAGR of 28.3% From 2024 to 2031
Base Year  2023
Forecast Period  2024-2031
Historical Data  2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Technology (Industrial Robots, Blockchain, Industrial Sensors, Industrial 3D Printing, Machine Vision, HMI, AI in Manufacturing, Digital Twin, AGV's, Machine Condition Monitoring)
• by Application (Industrial Automation, Smart Factory, Industrial IoT)
• by Vertical (Manufacturing, Energy and Utilities, Automotive, Oil and Gas, Aerospace & Defense, Electronics and Consumer Goods and Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles General Electric, Honeywell International, ABB, Emerson Electric, 3D Systems, Advantech, Basler, Cisco Systems, Cognex Corporation, Daifuku, IBM, Intel, John Bean Technologies Corporation, Nvidia, Stratasys, Techman Robot, Universal Robot
Key Drivers • The industrial industry is increasingly embracing robotics engineering and technology in its manufacturing processes as a result of substantial technical developments in robotics.
Market Opportunities • AI and IoT technologies have quickly permeated the medical business in the previous five years.
• Medical wearables are increasingly incorporating artificial intelligence (AI) and Internet of Things (IoT) technologies, culminating in a unified healthcare setting

Frequently Asked Questions

The market size of the Industry 4.0 Market was valued at USD 78.44 billion in 2022.

The growth rate of the Industry 4.0 Market is 18.5% over the forecast period 2023-2030.

The key players of the Industry 4.0 Market are General Electric, Honeywell International, ABB, Emerson Electric, 3D Systems, Advantech, Basler, Cisco Systems, Cognex Corporation, Daifuku, IBM, Intel, John Bean Technologies Corporation, Nvidia, Stratasys, Techman Robot, and Universal Robot.

The Industry 4.0 Market is segmented into 3 types: By Technology, By Vertical, and By Application.

The Covid-19 pandemic impacted the Industry 4.0 Market significantly. The detailed analysis is included in the final report.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

8.  Industry 4.0 Market Segmentation, By Technology:

8.1 Industrial Robots

8.2 Blockchain

8.3 Industrial Sensors

8.4 Industrial 3D Printing

8.5 Machine Vision

8.6 HMI

8.7 AI in Manufacturing

8.8 Digital Twin

8.8 AGV’s

8.10 Machine Condition Monitoring

9. Industry 4.0 Market Segmentation, By Application

9.1 Industrial Automation

9.2 Smart Factory

9.3 Industrial IoT

10. Industry 4.0 Market Segmentation, By Vertical

10.1 Manufacturing

10.2 Energy and Utilities

10.3 Automotive

10.4 Oil and Gas

10.5 Aerospace & Defense

10.6 Electronics and Consumer Goods

10.7 Others

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2  Canada

11.2.3  Mexico

11.3     Europe

11.3.1  Germany

11.3.2  UK

11.3.3  France

11.3.4  Italy

11.3.5  Spain

11.3.6  The Netherlands

11.3.7  Rest of Europe

11.4     Asia-Pacific

11.4.1  Japan

11.4.2  South Korea

11.4.3  China

11.4.4  India

11.4.5  Australia

11.4.6  Rest of Asia-Pacific

11.5     The Middle East & Africa

11.5.1  Israel

11.5.2  UAE

11.5.3  South Africa

11.5.4  Rest

11.6     Latin America

11.6.1  Brazil

11.6.2  Argentina

11.6.3  Rest of Latin America

12. Company Profiles

12.1 General Electric

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Honeywell International

12.3 ABB

12.4 Emerson Electric

12.5 3D Systems

12.6 Advantech

12.7 Basler

12.8 Cisco Systems

12.9 Cognex Corporation

12.10 Daifuku

12.11 IBM

12.12 Intel

12.12 John Bean Technologies Corporation

12.14 Nvidia

12.15 Stratasys

12.16 Techman Robot

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share Analysis

13.3 Recent Developments

14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

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Data Bank Validation

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