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  • Industry 4.0 Market Analysis | 2021-2026

    Industry 4.0 Market Analysis | 2021-2026

    Industry 4.0 Market Analysis | 2021-2026
    Report code - SR1862 Delivery - 2 Weeks
    Industry 4.0 Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportu See more...

    “The Industry 4.0 Market is expected to grow from USD 62.5 billion in 2020 to USD 190.8 billion by 2026 at a CAGR of 20.9% during the forecast period”.

    Industry 4.0 Market Size

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    Market Dynamics

    Introduction

    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.

    Market Drivers

    The Industry 4.0 market is mainly driven by:

    • Surge in the adoption of the industrial internet.
    • growing implementation of automation for high-quality production.
    • Growing focus on improving efficiency and reducing the cost of production,
    • Rising adoption of automation for quality production
    • Increasing adoption of digital technology across the verticals.

    COVID-19 Impact

    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.

    Segments Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    End-Use-Type Analysis

    Manufacturing, Automotive, Oil and Gas, Energy and Utilities, Electronics and Foundry, Food and Beverage, Aerospace and Defense, and Others

    The manufacturing segment held a significant market share in 2020.

    Regional Analysis

    North America, Europe, Asia-Pacific, and Rest of the World

    Asia Pacific held the highest market share in 2020 and is projected to grow at a healthy CAGR during the forecast period.

     

    By End-Use Type

    “The manufacturing sector dominated a substantial portion of the market in 2020”.

    The 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 to date, which is propelled by the success story of smart production, and automation has witnessed a rise of about greater than 80% within the past five years, which boosts the segment growth.

    Regional Analysis

    “Asia Pacific dominated the market in 2020 and is poised for strong growth ahead”.

    The market is broken down geographically into areas, namely North America, Europe, Asia-Pacific, and the Rest of the World (RoW). In terms of regions, 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 the 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 bolstering the regional market growth during the review period.

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    Key Players

    The following are the key players in the Industry 4.0 Market (arranged alphabetically)

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

    Note: The above list does not necessarily include all the top players in the market.

    Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    in-depth Analysis of the Industry 4.0 Market 

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    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 to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The Industry 4.0 market is estimated to grow at a healthy CAGR of 20.9% during the forecast period.

    The Industry 4.0 market is likely to reach USD 190.8 billion in 2026.

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

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

    The key players in the 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 market is studied from 2016-2026.