The ‘Global Industry 4.0 Market Size, Share, Trend, Growth, Analysis, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global industry 4.0 market, assessing the market on the basis of its segments like technologies, end users, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It is also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Industry 4.0 Market Share, Size, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 18%
The increasing penetration of the internet of things (IoT) across various industries is driving industry 4.0 growth. Rapid automation in the manufacturing, automotive, and electronics industries, among others, is generating the demand for high-speed computers, blockchain technology, and automated electrical components. For instance, fitness trackers and medical sensors are gaining traction in healthcare units, leading to greater growth in the industry 4.0 market.
Get a Free Sample Report with a Table of Contents@ https://www.expertmarketresearch.com/reports/industry-4-0-market/requestsample
The growing deployment of industrial robotics for various applications such as infrastructure development, product testing, transportation, and manufacturing among others, is further adding to the market numbers. In addition, increasing efforts by manufacturing giants aimed towards increasing business profitability is also being witnessed.
Industry 4.0 is also being utilised in by various governments in reinforcement firms, intelligence agencies, police departments, and aerospace and defence fields. Industry 4.0 technologies such as advanced sensors, artificial intelligence, and real-time location tracking, are increasingly used by defence manufacturing firms.
Over the forecast period, the rapid digital transformation across the automotive industry is likely to continue, which is in turn propelling the global industry 4.0 market growth. The increasing demand for new energy vehicles is likely to generate the requirement for digital equipment in order to increase production efficiency.
Industry 4.0 Industry Definition and Major Segments
Industry 4.0 refers to the ‘4th’ industrial revolution which involves optimising the use of modern technologies such as interconnectivity, artificial intelligence, internet, and automation, among others, with advanced manufacturing. These manufacturing networks are designed to be capable of interpreting data, and using and interacting with data in a linked manner. In other words, Industry 4.0 aims at improving productivity by using high-end digital technologies.
Read Full Report with Table of Contents@ https://www.expertmarketresearch.com/reports/industry-4-0-market
Based on technology, the market can be segmented into:
• Industrial Robotics
• AI and ML
• Extended Reality
• Digital Twin
• 3D Printing
By end user, the market has been divided into:
• Oil and Gas
• Energy and Utilities
• Food and Beverage
• Aerospace and Defence
On the basis of region, the market can be categorised into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Industry 4.0 Market Trends
The key trends in the global industry 4.0 market include the rapid penetration of digital technology in the aerospace and defence industry. The increasing research and development expenditure across strong sovereign nations is heightening the application of internet-enabled equipment. Moreover, the increasing competition between major defence manufacturers aimed towards ramping up the production of high-quality combat aircraft, helicopters, and battle tanks, is leading to steady innovations.
The emergence of 3D printing is another crucial trend in the market. In the present era, 3D printers are integral to industry 4.0 which is witnessing an escalating demand from manufacturing, architecture designing, and medicine production, among others. The technical upgrades in the automotive industry are further increasing the dependence on 3D printing techniques. The industry 4.0 market is further being bolstered by the expansion of the oil and gas industry leading to a greater demand for cloud-based software and internet-enabled devices aimed towards efficiently collecting data and bringing transparency to operations.
In regional terms, Asia Pacific holds a significant share of the market. The rapid development of industrial robots across steady economies, such as China and Japan, is accelerating the market growth in this region. The Asia Pacific is also a major manufacturing base, offering immense potential for industry 4.0.
Key Market Players
The major players in the industry 4.0 market report include:
- ABB Ltd.
- Rockwell Automation, Inc.
- Schneider Electric
- Cisco Systems Inc.
- Intel Corporation
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Read More Reports:
Airport Ground and Cargo Handling Services Market: https://www.marketwatch.com/press-release/airport-ground-and-cargo-handling-services-market-size-share-price-trends-growth-analysis-key-players-outlook-report-forecast-2023-2028-2023-02-20?mod=search_headline
Europe Membrane Switch Market: https://www.marketwatch.com/press-release/europe-membrane-switch-market-price-share-size-trends-growth-analysis-key-players-outlook-report-forecast-2023-2028-2023-02-20?mod=search_headline
Global Powersports Market: https://www.expertmarketresearch.com/reports/powersports-market
Global Protective Coatings Market: https://www.expertmarketresearch.com/reports/protective-coatings-market
Global Nuclear Battery Market: https://www.expertmarketresearch.com/reports/nuclear-battery-market
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skillful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
Company Name: Claight Corporation
Contact Person: Eliana Grace, Business Consultant
Email: [email protected]
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA