Industry 4.0 Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030

The report on the global industry 4.0 market provides qualitative and quantitative analysis for the period from 2021-2030. The global industry 4.0 market was valued at USD 155.80 billion in 2022 and is expected to reach USD 632.78 billion in 2030, with a CAGR of a 16.64% during the forecast period 2023-2030. The study on industry 4.0 market covers the analysis of the leading geographies such as North America, Europe, Asia Pacific, and RoW for the period of 2021-2030.

Industry 4.0 is the new dimension that is touching every industry. Industry 4.0 consists of multiple aspects such as the industrial Internet of things, Artificial Intelligence, Machine Learning, Big Data analytics, smart sensors, robotics, and other things. Industry 4.0 is being adopted by every industry; even social networking sites are no different from this. Recently, Facebook changed its name to Meta Platforms, Inc. to focus on augmented and virtual reality in social networking. Big Data analytics has actively helped businesses to make crucial business decisions and provided ways to optimize business processes. Industry 4.0 removes the requirement for human intervention, thereby speeding up the completion of tasks. Industry 4.0 aims to improve productivity, reduce costs, enhance quality, and enable greater flexibility in manufacturing and supply chain operations by creating a connected and data-driven ecosystem in which machines, devices, and systems can communicate and collaborate autonomously.

Multiple factors are boosting the growth of the Industry 4.0 market. The widespread adoption of the Industrial Internet of Things has aided the growth of the market greatly. Automotive, Aerospace, and Energy Power have been the front runners in the adoption of IIoT. IIoT has enabled the easy handling of complex production activities. Also, maintaining the highest quality of the finished product. Easy deployability and the ongoing trend of plug and play have made industries prefer IIoT. IIoT has led to saving up costs and times for businesses. Another factor driving the market is the increasing use of robotics. Apart from manufacturing and production facilities robotics are being actively used in restaurants, transportation, research fields, space exploration, and many other areas. Thus, there has been a huge demand for robotics and its assisting technology. The use of robotics is also growing in defense and search and rescue operations as well as commercial ocean exploration projects. Its use greatly reduces the danger to human life and provides unrestricted capabilities to conduct operations in these areas. Large investments both public and private in digitalization have been also assisting market growth. Digitalization has made processes quick, effortless, and paperless. Thus, governments are focusing on digitalizing their processes. A major example of digitalization is the creation of the Uniformed Payment Interface in India. The only restraint market faces is the cyber security threats. There has been a surge in cyber security crimes around the world. Thus, Industry 4.0 is also vulnerable to cyber security threats. New opportunities are expected to arise in technological advancements such as deep neural networks and the roll-out of 5G are taking place in the market.

North America commands a substantial share of the Industry 4.0 market due to several key factors. The region boasts a robust ecosystem of technology innovators, well-established industrial sectors, and a strong focus on digital transformation. Companies in North America have invested heavily in automation, data analytics, IoT, and smart manufacturing, driving the adoption of Industry 4.0 solutions. Additionally, a skilled workforce and supportive government initiatives further stimulate growth. North America's leadership in Industry 4.0 is marked by its ability to harness cutting-edge technologies, improve operational efficiency, and maintain a competitive edge in the global market, making it a dominant player in this transformative industrial revolution. Additionally, Asia-Pacific is expected to be the fastest growing region in the market. Countries such as India and China are hubs of Information Technology and technological innovations. Japan and South Korea are among the top countries in the use of technology. Furthermore, the region's economic prosperity has been a catalyst for the widespread adoption of Industry 4.0 technologies, contributing to its fastest growing position in the market.

Report Findings

1) Drivers

• The growing adoption of the industrial internet of things in several industries drives the industry 4.0 market.
• The growing use of robotics drives the industrial 4.0 market.
• Large investments in digitalization are likely to propel the industry 4.0 market.

2) Restraints

• Cybersecurity threats act a restraint to the industry 4.0 market.

3) Opportunities

• New technological advancements create an opportunity for the industry 4.0 market to drive in the forecasted period.

Research Methodology

A) Primary Research

The primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include
1. Key Opinion Leaders
2. Internal and External subject matter experts
3. Professionals and participants from the industry

The primary research respondents typically include

1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.

B) Secondary Research

Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. Each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include

1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered

The global industry 4.0 market is segmented on the basis of technology, and end user.

The Global Industry 4.0 Market by Technology

• Industrial Robotics
• Industrial Internet of Things (IIoT)
• 3D Printing
• Artificial Intelligence
• Blockchain
• Augmented and Virtual Reality
• Others

The Global Industry 4.0 Market by End User

• Automotive
• Aerospace
• Energy & Power
• Industrial Equipment
• Electrical & Electronics Equipment
• Social Networking
• Others

Company Profiles

The companies covered in the report include

• Cisco Systems, Inc.
• Microsoft
• IBM Corporation
• ABB Ltd.
• Intel Corporation
• Siemens
• SAP SE
• General Electric
• HMS Networks
• Festo Inc.

What does this Report Deliver?

1. Comprehensive analysis of the global as well as regional markets of the industry 4.0 market.
2. Complete coverage of all the segments in the industry 4.0 market to analyze the trends, developments in the global market and forecast of market size up to 2030.
3. Comprehensive analysis of the companies operating in the global industry 4.0 market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

This product will be delivered within 1-3 business days.