PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1793458
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1793458
Industry 5.0 Market Introduction and Overview
According to SPER market research, 'Global Industry 5.0 Market Size- By Component, By Technology, By End User - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Global Industry 5.0 Market is predicted to reach 1011.98 billion by 2034 with a CAGR of 31.43%.
Industry 5.0 is the next move in manufacturing and industry, emphasising human collaboration and intelligent automation. This concept combines advanced technologies such as artificial intelligence and robotics with human creativity and craftsmanship to improve manufacturing efficiency and personalisation. Industry 5.0 promotes production systems that are flexible and adaptive so they can react quickly to shifting consumer preferences, product variations, and customisation requirements.
Restraints: One of the main obstacles to Industry 5.0 adoption is the shortage of skilled labour. Gaps in knowledge and skills for complex technologies, along with resistance to change, make it hard to integrate and implement new systems. Many organizations do not fully understand the capabilities of digital technologies due to their complexity. For instance, creating a digital twin for IIoT requires various skills and trained workers.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Component, By Technology, By End User
Regions covered North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
Companies Covered
ABB, Honeywell International Inc, 3D Systems, Rockwell Automation, Siemens, Emerson Electric Co, Piher Sensing Systems, Stratasys, Schneider Electric, Cisco Systems, Inc, FANUC CORPORATION, Yaskawa Electric Corp.
Global Industry 5.0 Market Segmentation:
By Component: Based on the Component, Global Industry 5.0 Market is segmented as; Hardware, Software, Services.
By Technology: Based on the Technology, Global Industry 5.0 Market is segmented as; 3D Printing, Robotics, Industrial Sensors, Cloud Computing, Artificial Intelligence & Machine Learning, Augmented Reality & Virtual Reality, Digital Twin, Big Data & Advanced Analytics, Others.
By End User: Based on the End User, Global Industry 5.0 Market is segmented as; Manufacturing, Healthcare, Automotive, Energy & Utilities, Oil and Gas, Food & Beverage, Aerospace and Defense, Others.
By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.