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Industry 4.0 Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026
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Industry 4.0 Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026
The Industry 4.0 Market is segmented by Technology Type (Industrial Robotics, IIoT, AI and ML, Blockchain, Extended Reality, Digital Twin, 3D Printing, and Others), by End-Use Type (Manufacturing, Automotive, Oil and Gas, Energy and Utilities, Electronics and Foundry, Food and Beverage, Aerospace and Defense, and Others), and by Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The U.K., Russia, and Rest of Europe], Asia-Pacific [China, Japan, India, South Korea, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, Israel, and Others]) - COVID-19 Impact Analysis and Forecast to 2026.
The Industry 4.0 Market is segmented by Technology Type (Industrial Robotics, IIoT, AI and ML, Blockchain, Extended Reality, Digital Twin, 3D Printing, and Others), by End-Use Type (Manufacturing, Automotive, Oil and Gas, Energy and Utilities, Electronics and Foundry, Food and Beverag...
“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 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 more than 80% within the past five years, which boosts segment growth.
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Regional Analysis
“Asia Pacific dominated the market in 2020 and is poised for strong growth ahead”.
The market is broken down geographically into 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 [email protected]
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?
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.
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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 [email protected].
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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 industry’s growth 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).
