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    Industry 4 0 Market Report

    Industry 4 0 Market Report
    Report code - SR1862 Delivery - 2 Weeks
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    Industry 4.0 Market Size, Share, Trend, Forecast, & Industry Analysis: 2022-2026
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    Market Insights

    The Industry 4.0 market is projected to grow from USD 62. 5 billion in 2020 to USD 190.8 billion by 2026 at a CAGR of over 20.9% during the forecast period.

    This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the industry 4.0 market. The historic years considered for the study are 2016-2019, base year is 2020, estimated year is 2021, and forecast period is 2022-2026.

    Industry 4.0 Market- Research Scope

    Base Year of Study

    2020

    Trend Period

    2016-2019

    Forecast Period

    2022-2026

    Estimated year

    2021

    Market Size in 2020

    USD 62. 5 billion

    Market Size in 2026

    USD 190.8 billion

    Market Growth (2021-2026)

    20.9% CAGR

     

    Figure: Industry 4.0 Market Size, 2020-2026 (USD Billion)

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    Industry 4.0 symbolizes the fourth industrial revolution which marks the emergence of new digital industrial training. It is referred to as an integrated system which comprises numerous technologies such as automation tools, advanced robotics control, artificial intelligence, sensors, the internet of things, deep learning, cloud computing, and digital fabrication.

    Key Players

    The key players operating in the Industry 4.0 market are-

    • ABB Ltd (Switzerland)
    • Cognex Corporation (US)
    • Siemens AG (Germany)
    • Schneider Electric (France)
    • Swisslog Holding AG (Kuka AG) (Switzerland)
    • Rockwell Automation Inc. (US)
    • Honeywell International Inc. (US)
    • Robert Bosch GmbH (Germany)
    • Johnson Controls International PLC (Ireland)
    • Emerson Electric Company (US)

    Market Dynamics

    Surge in the adoption of the industrial internet is one of the key factors augmenting the market growth. Moreover, growing implementation of automation for high-quality production is likely to assure the industry’s growth in coming years. Growing focus on improving efficiency and reducing the cost of production, rising adoption of automation for quality production, and increasing adoption of digital technology across the verticals, are further fueling the industry growth.

    Segments Analysis

    End Use Trends

    Based on end use, the industry 4.0 market has been classified into manufacturing, automotive, oil and gas, energy and utilities, electronics and foundry, food and beverage, aerospace and defense, and others. Under these, the manufacturing segment held a significant market share in 2020. The stock of industrial robots functioning in factories is at the highest level till date, which is propelled by the success story of smart production, and automation has witnessed a rise of about 85% within in the past five years, which boosts the segment growth.

    Regional Trends

    By region, the Asia Pacific market held the highest market share in 2020 and is projected to grow at a healthy CAGR in the coming years. This is ascribed to growing adoption of robotics in the manufacturing sector in China, Japan, and India Also, low production cost in APAC countries enables market players to set up manufacturing facilities in this region, thus bolsters the regional market growth during the review period.

    COVID-19 Impact on Industry 4.0 Market

    The COVID-19 pandemic has moderately affected the Industry 4.0 sector. The manufacturing sector is facing tremendous challenges and the automotive sector was shut down due to lockdown norms across the globe. Also, lesser consumer spending on new vehicles, further affected the industry growth, amid the pandemic.

    • What are the key trends in the industry 4.0 market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
    • What is the impact of COVID-19 on industry 4.0 market?
    • What are the key strategies adopted by the major vendors to lead in the industry 4.0 market?
    • What is the market share of the top vendors?

    Target Audience

    The target audience of Industry 4.0 Market includes-

    • Industry 4.0 companies
    • Industry 4.0 distributors
    • Automotive companies
    • Government organizations
    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The Industry 4.0 market is projected to grow from USD 62. 5 billion in 2020 to USD 190.8 billion by 2026 at a CAGR of over 20.9% during the forecast period.

    The key players operating in the Industry 4.0 market are ABB Ltd (Switzerland), Cognex Corporation (US), Siemens AG (Germany), Schneider Electric (France), Swisslog Holding AG (Kuka AG) (Switzerland), Rockwell Automation Inc. (US), Honeywell International Inc. (US), Robert Bosch GmbH (Germany), Johnson Controls International PLC (Ireland), and Emerson Electric Company (US).

    The target audience of Industry 4.0 Market includes Industry 4.0 companies, Industry 4.0 distributors, Automotive companies, Government organizations.

    Asia Pacific market held the highest market share in 2020 and is projected to grow at a healthy CAGR in the coming years.

    Surge in the adoption of the industrial internet is one of the key factors augmenting the market growth. Moreover, growing implementation of automation for high-quality production is likely to assure the industrys growth in coming years.