Fairfield Market Research Industry 4.0 Market Size, Share, Report, Analysis, Trends, 2030

Industry 4.0 Market

Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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Industry: Information & Communications Technology


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Global Industry 4.0 market is likely to exhibit a promising growth curve as far as the short-term outlook is considered. The report will uncover the insights into how the market growth will unfold in the next few years.

Industry 4.0 Market – Industrial Automation Penetrates Deeper, Adoption of Industrial Robots Soars

There has been a steady increase in the prevalence of industrial robotics in various manufacturing hubs around the world. Earlier, these robots were considered to be expensive machines that had minimal capabilities. However, these days these machines are not as expensive and can perform a wide range of tasks owing to rapid advancements, development, and evolution in technology. Additionally, the steady increase in industrialization has also contributed to further growth of the global industry 4.0 market. With the manufacturing industry growing at a rapid pace due to higher population figures and urbanization, the demand for these machines is slated to have a profound influence on the trajectory of the market in the coming years.

Industry 4.0 Market – Additive Manufacturing Major Growth Driver

In recent times, there has been robust growth experienced by the additive manufacturing, and 3D printing industries. The 3D printing technology has rapidly grown in popularity and is presently used for a host of applications, such as the increased use of 3D printing to cater to the increase in the demand for ventilator valves, more specifically since the onset of COVID-19. Factors such as this are expected to play a significant part in boosting growth prospects for the players engaged in Industry 4.0 market. Moreover, the integration of AI and the IoT with the new Phantom Edge, which has applications in various industries including retail, industrial manufacturing, agriculture, healthcare, and mobility.

Industry 4.0 Market – Potential Opportunities for Start-ups Held Back by High Implementation Costs

While industrial robots have proven their worth in completing repetitive tasks resulting in reduced downtime, greater efficiency, and the elimination of manual labour, these machines are expensive. A single industrial robot can cost upwards of US$20,000. Thus, the costs incurred by start-up companies are substantial, with most of these businesses finding this an unfeasible strategy. This is expected to be a notable factor that could adversely impact the growth trajectory of the global Industry 4.0 market in the coming years.

Industry 4.0 Market – COVID-19 Impact

The onset of the COVID-19 pandemic resulted in the imposing of restrictions by respective governments on the movement of people and goods, as well as the hampered supply of necessary raw materials, among other operational hurdles. This led to a significant decline in generated revenues for many industries and was no different for the Industry 4.0 market. Market growth was temporarily halted for Industry 4.0. However, the onset of this pandemic sped up the implementation and adoption of Industry 4.0 solutions. Several manufacturers implemented these technological solutions in workflows which resulted in a substantial increase in output and efficiency. This is slated to continue having a positive impact on the further progression of this global market.

Industry 4.0 Market – North America to Experience Robust Growth

Owing to a wide range of factors such as the significant presence of industry players in this region, the increasing adoption of smart manufacturing solutions, favourable initiatives by respective governments, as well as greater investments towards the further development of innovations in this field, markets in North America are slated to account for the majority share of the global industry 4.0 market, followed by those markets in Europe. On the other hand, the regional market of the Asia Pacific is also expected to index a notable CAGR over the forecast period. This is due to the robust growth being experienced by powerhouse manufacturing hubs such as India, Japan, South Korea, and China.

Industry 4.0 Market – Competitive Landscape    

Major players in the Industry 4.0 market include General Electric, Siemens, Honeywell International, ABB Ltd., Emerson Electric, 3D Systems, Advantech, Basler, Cisco Systems, Cognex Corporation, Daifuku, IBM, Intel, John Bean Technologies Corporation, and Nvidia, to name a few. To gain a competitive edge, various established industry players are now more focused on new product launches, partnerships, collaborations, acquisitions, and alliances.

Recent Notable Developments

  • In October 2020, Cisco Systems Inc. Announced the acquisition of BabbleLabs Technology, a speech technology organization. This move was expected to improve the video meeting experience with noise removal and speech enhancement technology

  • In November 2020, Ansys Inc. Announced a partnership with LG Electronics Inc. This was done to develop a virtual learning portal created by Ansys Inc.

  • In March 2021, ABB Ltd. Collaborated with Nestle to install monitoring software in confectionary factories

  • Nokia Corporation collaborated with WEG Industries, a power and automation company, to facilitate the advancement of the Nokia Digital Automation Cloud (DAC), and unveil an Industry 4.0 solution

  • In February 2022, IBM acquired Sentaca, a leading telco consulting services and solutions provider. This acquisition is expected to accelerate IBM’s hybrid cloud consulting business

Regional Classification of Global Industry 4.0 Market Can be Given as Below:

North America

  • U.S.
  • Canada

Europe

  • Russia
  • Germany
  • France
  • Spain
  • U.K.
  • Italy
  • Rest of Europe

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

Middle East and Africa

  • GCC
  • South Africa
  • North Africa
  • Rest of MEA

1. Executive Summary
     1.1. Global Industry 4.0 Market Snapshot
     1.2. Key Market Trends
     1.3. Future Projections
     1.4. Analyst Recommendations

2. Market Overview
     2.1. Market Definitions and Segmentations
     2.2. Market Dynamics
            2.2.1. Drivers
                  2.2.1.1. Driver A
                  2.2.1.2. Driver B
                  2.2.1.3. Driver C
            2.2.2. Restraints
                  2.2.2.1. Restraint 1
                  2.2.2.2. Restraint 2
            2.2.3. Market Opportunities Matrix
     2.3. Value Chain Analysis
     2.4. Porter’s Five Forces Analysis
     2.5. Covid-19 Impact Analysis
            2.5.1. Pre-Covid and Post-Covid Scenario
            2.5.2. Supply Impact
            2.5.3. Demand Impact
     2.6. Government Regulations
     2.7. Technology Landscape
     2.8. Economic Analysis
     2.9. PESTLE

3. Global Industry 4.0 Market Outlook, 2018 - 2030
     3.1. Global Industry 4.0 Market Outlook, by Technology, Value (US$ Mn), 2018 - 2030
            3.1.1. Key Highlights
                  3.1.1.1. Internet of Things (IoT)
                  3.1.1.2. AR/VR Systems
                  3.1.1.3. 3D Printing
                  3.1.1.4. Blockchain
                  3.1.1.5. Digital Twin
                  3.1.1.6. Extended Reality
                  3.1.1.7. Advanced Robotics
                  3.1.1.8. Misc.
     3.2. Global Industry 4.0 Market Outlook, by Enterprise, Value (US$ Mn), 2018 - 2030
            3.2.1. Key Highlights
                  3.2.1.1. Large Enterprises
                  3.2.1.2. SMEs
     3.3. Global Industry 4.0 Market Outlook, by Industry, Value (US$ Mn), 2018 - 2030
            3.3.1. Key Highlights
                  3.3.1.1. Energy & Utilities
                  3.3.1.2. Industrial Manufacturing
                  3.3.1.3. Oil & Gas
                  3.3.1.4. Aerospace and Defence
                  3.3.1.5. Automotive
                  3.3.1.6. Electronics
                  3.3.1.7. Consumer Goods
                  3.3.1.8. Food & Beverage
                  3.3.1.9. Misc.
            3.3.2. BPS/Market Attractiveness Analysis
     3.4. Global Industry 4.0 Market Outlook, by Region, Value (US$ Mn), 2018 - 2030
            3.4.1. Key Highlights
                  3.4.1.1. North America
                  3.4.1.2. Europe
                  3.4.1.3. Asia Pacific
                  3.4.1.4. Latin America
                  3.4.1.5. Middle East & Africa
            3.4.2. BPS/Market Attractiveness Analysis

4. North America Industry 4.0 Market Outlook, 2018 - 2030
     4.1. North America Industry 4.0 Market Outlook, by Technology, Value (US$ Mn), 2018 - 2030
            4.1.1. Key Highlights
                  4.1.1.1. Internet of Things (IoT)
                  4.1.1.2. AR/VR Systems
                  4.1.1.3. 3D Printing
                  4.1.1.4. Blockchain
                  4.1.1.5. Digital Twin
                  4.1.1.6. Extended Reality
                  4.1.1.7. Advanced Robotics
                  4.1.1.8. Misc.
     4.2. North America Industry 4.0 Market Outlook, by Enterprise, Value (US$ Mn), 2018 - 2030
            4.2.1. Key Highlights
                  4.2.1.1. Large Enterprises
                  4.2.1.2. SMEs
     4.3. North America Industry 4.0 Market Outlook, by Industry, Value (US$ Mn), 2018 - 2030
            4.3.1. Key Highlights
                  4.3.1.1. Energy & Utilities
                  4.3.1.2. Industrial Manufacturing
                  4.3.1.3. Oil & Gas
                  4.3.1.4. Aerospace and Defence
                  4.3.1.5. Automotive
                  4.3.1.6. Electronics
                  4.3.1.7. Consumer Goods
                  4.3.1.8. Food & Beverage
                  4.3.1.9. Misc.
     4.4. North America Industry 4.0 Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
            4.4.1. Key Highlights
                  4.4.1.1. U.S.
                  4.4.1.2. Canada
            4.4.2. BPS/Market Attractiveness Analysis

5. Europe Industry 4.0 Market Outlook, 2018 - 2030
     5.1. Europe Industry 4.0 Market Outlook, by Technology, Value (US$ Mn), 2018 - 2030
            5.1.1. Key Highlights
                  5.1.1.1. Internet of Things (IoT)
                  5.1.1.2. AR/VR Systems
                  5.1.1.3. 3D Printing
                  5.1.1.4. Blockchain
                  5.1.1.5. Digital Twin
                  5.1.1.6. Extended Reality
                  5.1.1.7. Advanced Robotics
                  5.1.1.8. Misc.
     5.2. Europe Industry 4.0 Market Outlook, by Enterprise, Value (US$ Mn), 2018 - 2030
            5.2.1. Key Highlights
                  5.2.1.1. Large Enterprises
                  5.2.1.2. SMEs
     5.3. Europe Industry 4.0 Market Outlook, by Industry, Value (US$ Mn), 2018 - 2030
            5.3.1. Key Highlights
                  5.3.1.1. Energy & Utilities
                  5.3.1.2. Industrial Manufacturing
                  5.3.1.3. Oil & Gas
                  5.3.1.4. Aerospace and Defence
                  5.3.1.5. Automotive
                  5.3.1.6. Electronics
                  5.3.1.7. Consumer Goods
                  5.3.1.8. Food & Beverage
                  5.3.1.9. Misc.
     5.4. Europe Industry 4.0 Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
            5.4.1. Key Highlights
                  5.4.1.1. Germany
                  5.4.1.2. France
                  5.4.1.3. U.K.
                  5.4.1.4. Italy
                  5.4.1.5. Spain
                  5.4.1.6. Russia
                  5.4.1.7. Rest of Europe
            5.4.2. BPS/Market Attractiveness Analysis

6. Asia Pacific Industry 4.0 Market Outlook, 2018 - 2030
     6.1. Asia Pacific Industry 4.0 Market Outlook, by Technology, Value (US$ Mn), 2018-2030
            6.1.1. Key Highlights
                  6.1.1.1. Internet of Things (IoT)
                  6.1.1.2. AR/VR Systems
                  6.1.1.3. 3D Printing
                  6.1.1.4. Blockchain
                  6.1.1.5. Digital Twin
                  6.1.1.6. Extended Reality
                  6.1.1.7. Advanced Robotics
                  6.1.1.8. Misc.
     6.2. Asia Pacific Industry 4.0 Market Outlook, by Enterprise, Value (US$ Mn), 2018 - 2030
            6.2.1. Key Highlights
                  6.2.1.1. Large Enterprises
                  6.2.1.2. SMEs
     6.3. Asia Pacific Industry 4.0 Market Outlook, by Industry, Value (US$ Mn), 2018 - 2030
            6.3.1. Key Highlights
                  6.3.1.1. Energy & Utilities
                  6.3.1.2. Industrial Manufacturing
                  6.3.1.3. Oil & Gas
                  6.3.1.4. Aerospace and Defence
                  6.3.1.5. Automotive
                  6.3.1.6. Electronics
                  6.3.1.7. Consumer Goods
                  6.3.1.8. Food & Beverage
                  6.3.1.9. Misc.
     6.4. Asia Pacific Industry 4.0 Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
            6.4.1. Key Highlights
                  6.4.1.1. China
                  6.4.1.2. Japan
                  6.4.1.3. South Korea
                  6.4.1.4. India
                  6.4.1.5. Southeast Asia
                  6.4.1.6. Rest of Asia Pacific
            6.4.2. BPS/Market Attractiveness Analysis

7. Latin America Industry 4.0 Market Outlook, 2018 - 2030
     7.1. Latin America Industry 4.0 Market Outlook, by Technology, Value (US$ Mn), 2018 - 2030
            7.1.1. Key Highlights
                  7.1.1.1. Internet of Things (IoT)
                  7.1.1.2. AR/VR Systems
                  7.1.1.3. 3D Printing
                  7.1.1.4. Blockchain
                  7.1.1.5. Digital Twin
                  7.1.1.6. Extended Reality
                  7.1.1.7. Advanced Robotics
                  7.1.1.8. Misc.
     7.2. Latin America Industry 4.0 Market Outlook, by Enterprise, Value (US$ Mn), 2018 - 2030
            7.2.1. Key Highlights
                  7.2.1.1. Large Enterprises
                  7.2.1.2. SMEs
     7.3. Latin America Industry 4.0 Market Outlook, by Industry, Value (US$ Mn), 2018-2030
            7.3.1. Key Highlights
                  7.3.1.1. Energy & Utilities
                  7.3.1.2. Industrial Manufacturing
                  7.3.1.3. Oil & Gas
                  7.3.1.4. Aerospace and Defence
                  7.3.1.5. Automotive
                  7.3.1.6. Electronics
                  7.3.1.7. Consumer Goods
                  7.3.1.8. Food & Beverage
                  7.3.1.9. Misc.
     7.4. Latin America Industry 4.0 Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
            7.4.1. Key Highlights
                  7.4.1.1. Brazil
                  7.4.1.2. Mexico
                  7.4.1.3. Rest of Latin America
            7.4.2. BPS/Market Attractiveness Analysis

8. Middle East & Africa Industry 4.0 Market Outlook, 2018 - 2030
     8.1. Middle East & Africa Industry 4.0 Market Outlook, by Technology, Value (US$ Mn), 2018 - 2030
            8.1.1. Key Highlights
                  8.1.1.1. Internet of Things (IoT)
                  8.1.1.2. AR/VR Systems
                  8.1.1.3. 3D Printing
                  8.1.1.4. Blockchain
                  8.1.1.5. Digital Twin
                  8.1.1.6. Extended Reality
                  8.1.1.7. Advanced Robotics
                  8.1.1.8. Misc.
     8.2. Middle East & Africa Industry 4.0 Market Outlook, by Enterprise, Value (US$ Mn), 2018 - 2030
            8.2.1. Key Highlights
                  8.2.1.1. Large Enterprises
                  8.2.1.2. SMEs
     8.3. Middle East & Africa Industry 4.0 Market Outlook, by Industry, Value (US$ Mn), 2018 - 2030
            8.3.1. Key Highlights
                  8.3.1.1. Energy & Utilities
                  8.3.1.2. Industrial Manufacturing
                  8.3.1.3. Oil & Gas
                  8.3.1.4. Aerospace and Defence
                  8.3.1.5. Automotive
                  8.3.1.6. Electronics
                  8.3.1.7. Consumer Goods
                  8.3.1.8. Food & Beverage
                  8.3.1.9. Misc.
     8.4. Middle East & Africa Industry 4.0 Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
            8.4.1. Key Highlights
                  8.4.1.1. GCC
                  8.4.1.2. South Africa
                  8.4.1.3. Rest of Middle East & Africa
            8.4.2. BPS/Market Attractiveness Analysis

9. Competitive Landscape
     9.1. Company Market Share Analysis, 2021
     9.2. Competitive Dashboard
     9.3. Company Profiles
            9.3.1. ABB Ltd.
                  9.3.1.1. Company Overview
                  9.3.1.2. Product Portfolio
                  9.3.1.3. Financial Overview
                  9.3.1.4. Business Strategies and Development
(*Note: Above details would be available for below list of companies based on availability)
            9.3.2. ABB Ltd.
            9.3.3. Siemens AG
            9.3.4. Cisco Systems Inc.
            9.3.5. Honeywell International
            9.3.6. IBM
            9.3.7. 3D Systems
            9.3.8. Emerson Electric Co.
            9.3.9. GE
            9.3.10. Mitsubishi Electric Corp.
            9.3.11. Rockwell Automation Inc.
            9.3.12. SAP SE
            9.3.13. Schneider Electric SE
            9.3.14. Alphabet Inc.
            9.3.15. Cognex Corporation
            9.3.16. Intel Corporation

10. Appendix
     10.1. Research Methodology
     10.2. Report Assumptions
     10.3. Acronyms and Abbreviations

Our Research Methodology

Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.

View Methodology
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