PUBLISHER: Grand View Research | PRODUCT CODE: 1363104
PUBLISHER: Grand View Research | PRODUCT CODE: 1363104
Industry 4.0 Market Size, Share & Trends Analysis Report By Technology (IIoT, AR & VR, AI & ML), By Component (Hardware, Software), By Industry Vertical (Manufacturing, Oil & Gas), By Region, And Segment Forecasts, 2023 - 2030
Industry 4.0 Market Growth & Trends:
The global Industry 4.0 market size is expected to reach USD 627.59 billion by 2030, according to a new report by Grand View Research, Inc.. It is expected to grow at a CAGR of 19.9% from 2023 to 2030. The growth of the market is attributed to the widespread adoption of the Internet of Things (IoT) devices and sensors, facilitating seamless data integration, while the infusion of Artificial Intelligence (AI) and Machine Learning (ML) is propelling predictive analytics and autonomous operations. Furthermore, the rising consumer spending on digitalization and cutting-edge factory solutions will increase demand for Industry 4.0 solutions.
Industry 4.0 emphasizes the creation of interconnected ecosystems where devices, machines, and systems communicate and collaborate seamlessly. This trend leads to streamlined information flow, enabling real-time decision-making based on accurate and up-to-date data. Edge computing, which processes data closer to its source, and cloud integration are trends supporting this interconnection. The deployment of Industry 4.0 solutions optimizes resource utilization, energy consumption, and overall process efficiency. With real-time data collection and analysis, companies gain insights into operational bottlenecks, allowing for timely adjustments and continuous improvement. Trends, such as digital twins (virtual replicas of physical assets), enable simulation and optimization of processes, thereby enhancing efficiency.
The transition to Industry 4.0 requires a workforce with the necessary skills to operate and maintain advanced technologies. However, there is often a shortage of workers with expertise in data analytics, robotics, and cybersecurity. Businesses may need to invest in training and upskilling programs to ensure that their workforce can effectively leverage Industry 4.0 technologies. Implementing Industry 4.0 technologies often requires a significant upfront investment. The costs associated with acquiring and deploying advanced machinery, sensors, data analytics systems, and connectivity infrastructure can be substantial. Small and medium-sized enterprises (SMEs) may face financial constraints in adopting these technologies, limiting their ability to compete with more prominent industry players.
In the evolving market, the robotics and automation trend encompasses several transformative elements, including collaborative robots designed for safe human interaction and the integration of intelligent Robotic Process Automation (RPA) that streamlines repetitive tasks and processes. Advanced sensing and perception capabilities enable robots to interact more effectively with their environment, bolstering accuracy and adaptability. Furthermore, the infusion of AI and ML empowers robots to learn, adapt, and make real-time decisions, augmenting their problem-solving ability.
The North America regional market growth is driven by the need to address labor shortages and rising operational costs. Automation and robotics were integrated into manufacturing processes to perform repetitive tasks, reducing the reliance on manual labor. This shift not only improved efficiency but also enhanced workplace safety. With improved cost-effectiveness, regional manufacturers were better positioned to compete globally. IoT played a pivotal role by connecting devices and machinery to the internet, enabling real-time data collection and analysis. This data-driven approach allowed companies to monitor equipment performance, predict maintenance needs, and optimize production processes. The insights from IoT-powered analytics enhanced decision-making reduced downtime, and minimized resource wastage.
Industry 4.0 Market Report Highlights:
- Industry 4.0 marks the next phase of manufacturing digitization, driven by disruptive trends like connectivity, data, human-machine interaction, analytics, and robotics. It also includes the enhancement of manufacturing efficiency through the integration of technology and automation into both production and managerial workflows
- The demand for IoT is increasing in most sectors, and the role played by solution providers and vendors is further contributing to its extravagant growth. Numerous initiatives at the industry level have been promoting and advertising IoT applications and their use cases
- Industry 4.0 thrives on data collection and analysis. With the proliferation of sensors and connected devices, companies gather vast amounts of data that can be leveraged for informed decision-making
- The consistent advancement of additive manufacturing technologies has led to heightened capabilities in terms of precision, speed, and scalability. Innovations in materials, printing techniques, and post-processing methods have collectively contributed to making 3D printing a feasible and effective solution across industries
Table of Contents
Chapter 1 Methodology And Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definitions
- 1.3 Information Procurement
- 1.3.1 Information Analysis
- 1.3.2 Market Formulation & Data Visualization
- 1.3.3 Data Validation & Publishing
- 1.4 Research Scope And Assumptions
- 1.4.1 List To Data Sources
Chapter 2 Executive Summary
- 2.1 Industry 4.0 Market Snapshot
- 2.2 Industry 4.0 - Segment Snapshot (1/3)
- 2.3 Industry 4.0 - Segment Snapshot (2/3)
- 2.4 Industry 4.0 - Segment Snapshot (3/3)
- 2.5 Industry 4.0 - Competitive Landscape Snapshot
Chapter 3 Industry 4.0 Market - Industry Outlook
- 3.1 Market Lineage Outlook
- 3.2 Value Chain Analysis
- 3.3 Market Dynamics
- 3.3.1 Market Driver Analysis
- 3.3.1.1 Increasing Adoption Of The Internet Of Things
- 3.3.1.2 Rise In Demand For Quality, Automation, And Optimum Efficiency
- 3.3.1.3 Government Initiatives And Compliance To Support Digitization Transformation
- 3.3.1.4 Growth Trends Toward Additive Manufacturing
- 3.3.2 Market Restraint Analysis
- 3.3.2.1 Security Concerns
- 3.3.2.2 Expensive Deployment Costs Of Industrial Robots
- 3.3.3 Market Challenges
- 3.3.4 Market Opportunities
- 3.3.1 Market Driver Analysis
- 3.4 Industry Analysis Tools
- 3.4.1 Porter's Analysis
- 3.4.2 Macroeconomic Analysis
- 3.5 Industry 4.0 Market - Technology Trends
- 3.5.1 Industrial Internet Of Things (Iiot)
- 3.5.2 Robotics & Automation
- 3.5.3 Artificial Intelligence (Ai) & Machine Learning (Ml)
- 3.5.4 Big Data & Advanced Analytics
- 3.5.5 Additive Manufacturing (3d Printing)
- 3.5.6 Augmented Reality (Ar) & Virtual Reality (Vr)
- 3.5.7 Digital Twin & Simulation
- 3.5.8 Blockchain And Secure Data Exchange
- 3.6 Industry 4.0 Market - Covid-19 Impact Analysis
Chapter 4 Industry 4.0 Market: Component Estimates & Trend Analysis
- 4.1 Component Movement Analysis & Market Share, 2022 & 2030
- 4.2 Industry 4.0 Market Estimates & Forecast, By Component (USD Billion)
- 4.2.1 Hardware
- 4.2.2 Software
- 4.2.3 Services
Chapter 5 Industry 4.0 Market: Technology Estimates & Trend Analysis
- 5.1 Technology Movement Analysis & Market Share, 2022 & 2030
- 5.2 Industry 4.0 Market Estimates & Forecast, By Technology (USD Billion)
- 5.2.1 Industrial Internet Of Things (Iiot)
- 5.2.2 Robotics And Automation
- 5.2.3 Artificial Intelligence (Ai) And Machine Learning (Ml)
- 5.2.4 Big Data And Advanced Analytics
- 5.2.5 Additive Manufacturing (3d Printing)
- 5.2.6 Augmented Reality (Ar) And Virtual Reality (Vr)
- 5.2.7 Digital Twin And Simulation
- 5.2.8 Blockchain And Secure Data Exchange
- 5.2.9 Others
Chapter 6 Industry 4.0 Market: Industry Vertical Estimates & Trend Analysis
- 6.1 Industry Vertical Movement Analysis & Market Share, 2022 & 2030
- 6.2 Industry 4.0 Market Estimates & Forecast, By Industry Vertical (USD Billion)
- 6.2.1 Manufacturing
- 6.2.2 Petrochemicals
- 6.2.3 Automotive
- 6.2.4 Energy And Utilities
- 6.2.5 Oil And Gas
- 6.2.6 Food & Beverages
- 6.2.7 Aerospace And Defense
- 6.2.8 Others
Chapter 7 Regional Estimates & Trend Analysis
- 7.1 Industry 4.0 Market: Regional Outlook
- 7.2 North America
- 7.2.1 North America Industry 4.0 Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.2.2 U.S.
- 7.2.2.1 U.S. Industry 4.0 Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.2.3 Canada
- 7.2.3.1 Canada Industry 4.0 Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.3 Europe
- 7.3.1 Europe Industry 4.0 Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.3.2 UK
- 7.3.2.1 UK Industry 4.0 Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.3.3 Germany
- 7.3.3.1 Germany Industry 4.0 Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.3.4 France
- 7.3.4.1 France Industry 4.0 Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.3.5 Italy
- 7.3.5.1 Italy Industry 4.0 Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.3.6 Spain
- 7.3.6.1 Spain Industry 4.0 Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.4 Asia Pacific
- 7.4.1 Asia Pacific Industry 4.0 Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.4.2 China
- 7.4.2.1 China Industry 4.0 Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.4.3 Japan
- 7.4.3.1 Japan Industry 4.0 Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.4.4 South Korea
- 7.4.4.1 South Korea Industry 4.0 Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.4.5 India
- 7.4.5.1 India Industry 4.0 Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.5 Latin America
- 7.5.1 Latin America Industry 4.0 Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.5.2 Brazil
- 7.5.2.1 Brazil Industry 4.0 Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.5.3 Mexico
- 7.5.3.1 Mexico Industry 4.0 Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.6 Middle East And Africa
- 7.6.1 Middle East And Africa Industry 4.0 Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.6.2 Saudi Arabia
- 7.6.2.1 Saudi Arabia Industry 4.0 Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.6.3 UAE
- 7.6.3.1 UAE Industry 4.0 Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Chapter 8 Industry 4.0 Market - Competitive Landscape
- 8.1 Company Profiles
- 8.1.1 ABB Ltd.
- 8.1.2 Cisco System Inc.
- 8.1.3 Cognex Corporation
- 8.1.4 Denso Corporation
- 8.1.5 Emerson Electric
- 8.1.6 Fanuc Corporation
- 8.1.7 General Electric Company
- 8.1.8 Honeywell International Inc.
- 8.1.9 Intel Corporation
- 8.1.10 Johnson Controls International
- 8.1.11 Kuka Group
- 8.1.12 Robert Bosch Gmbh
- 8.1.13 Rockwell Automation Inc.
- 8.1.14 Schneider Electric Se
- 8.1.15 Siemens Ag
- 8.1 Recent Developments & Impact Analysis, By Key Market Participants
- 8.2 Company Categorization
- 8.3 Participant's Overview
- 8.4 Financial Performance
- 8.5 Product Benchmarking
- 8.6 Company Market Positioning
- 8.7 Company Market Share Analysis, 2022
- 8.8 Company Heat Map Analysis
- 8.9 Strategy Mapping
- 8.9.1 Expansion/divestiture
- 8.9.2 Mergers & Acquisition
- 8.9.3 Collaborations/partnerships
- 8.9.4 New Product Launches
List of Tables
- Table 1 Key market driver impact
- Table 2 National programs/ initiatives for Industry 4.0
- Table 3 Key market restraint impact
- Table 4 Global Industry 4.0 Market Revenue Estimates and Forecast, By Component, 2018 - 2030 (USD Billion)
- Table 5 Global Industry 4.0 Market Revenue Estimates and Forecast, By Technology, 2018 - 2030 (USD Billion)
- Table 6 Global Industry 4.0 Market Revenue Estimates and Forecast, By Industry Vertical, 2018 - 2030 (USD Billion)
- Table 7 Recent Developments & Impact Analysis, By Key Market Participants
- Table 8 Company Heat Map Analysis
- Table 9 Key Companies undergoing expansions/divestitures
- Table 10 Key Companies involved in M&As
- Table 11 Key Companies undergoing collaborations
- Table 12 Key Companies launching new products
List of Figures
- Fig. 1 Industry 4.0 Market Segmentation
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation and Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Market Snapshot
- Fig. 7 Segment Snapshot (1/3)
- Fig. 8 Segment Snapshot (2/3)
- Fig. 9 Segment Snapshot (3/3)
- Fig. 10 Competitive Landscape Snapshot
- Fig. 12 Industry 4.0 - Industry Value Chain Analysis
- Fig. 13 Market dynamics
- Fig. 14 IoT-driven efficiency benefits in supply chain management across industries in 2022 (%)
- Fig. 15 Global Internet of Things (IoT) Spending, 2018 - 2022 (USD Billion)
- Fig. 16 Distribution of cyber-attacks across worldwide industries in 2022 (%)
- Fig. 17 Industry 4.0 market: PORTER's Analysis
- Fig. 18 Industry 4.0 Market: PESTEL Analysis
- Fig. 19 Adoption of Industry 4.0 Market, by Technology in 2022 (%)
- Fig. 20 AI adoption rates around the world
- Fig. 21 Industry 4.0 Market, by Component: Key Takeaways
- Fig. 22 Industry 4.0 Market, by Component: Market Share, 2022 & 2030
- Fig. 23 Hardware Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 24 Software Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 25 Services Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 26 Industry 4.0 Market, by Technology: Key Takeaways
- Fig. 27 Industry 4.0 Market, by Technology: Market Share, 2022 & 2030
- Fig. 28 Industrial Internet of Things (IIoT) Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 29 Robotics and Automation Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 30 Artificial Intelligence and Machine Learning Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 31 Big Data and Advanced Analytics Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 32 Additive Manufacturing Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 33 Augmented Reality (AR) and Virtual Reality (VR) Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 34 Digital Twin and Simulation Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 35 Blockchain and Secure Data Exchange Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 36 Others Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 37 Industry 4.0 Market, by Technology: Key Takeaways
- Fig. 38 Industry 4.0 Market, by Industry Vertical: Market Share, 2022 & 2030
- Fig. 39 Manufacturing Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 40 Petrochemicals Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 41 Automotive Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 42 Energy and Utilities Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 43 Oil and Gas Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 44 Food and Beverages Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 45 Aerospace and Defense Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 46 Others Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 47 Industry 4.0 Market Revenue by Region, 2022 & 2030 (USD Billion)
- Fig. 48 Regional marketplace: Key takeaways
- Fig. 49 North America Industry 4.0 market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 50 U.S. Industry 4.0 market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 51 Canada Industry 4.0 market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 52 Europe Industry 4.0 market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 53 UK Industry 4.0 market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 54 Germany Industry 4.0 market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 55 France Industry 4.0 market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 56 Italy Industry 4.0 market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 57 Spain Industry 4.0 market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 58 Asia Pacific Industry 4.0 market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 59 China Industry 4.0 market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 60 Japan Industry 4.0 market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 61 South Korea Industry 4.0 market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 62 India Industry 4.0 market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 63 Latin America Industry 4.0 market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 64 Brazil Industry 4.0 market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 65 Mexico Industry 4.0 market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 66 Middle East and Africa Industry 4.0 market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 67 Saudi Arabia Industry 4.0 market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 68 UAE Industry 4.0 market estimates & forecasts, 2018 - 2030 (USD Billion)
- Fig. 69 Key Company Categorization
- Fig. 70 Company Market Positioning
- Fig. 71 Company Market Share Analysis, 2022
- Fig. 72 Strategic framework
