Industry 4.0 Market

Industry 4.0 Market by Technology (IoT, Artificial Intelligence, Industrial Metrology, Industrial Robotics, AR & VR, Blockchain, 3D Printing, Digital Twin, and 5G – Offering, Application, and End Users) and Geography- Global Forecast to 2024

Report Code: SE 5279 Dec, 2019, by marketsandmarkets.com

[193 Pages Report] The Industry 4.0 market is estimated to be valued USD 71.7 billion in 2019 and is expected to reach USD 156.6 billion by 2024, at a CAGR of 16.9% from 2019 to 2024. Increasing adoption of the industrial internet worldwide in manufacturing units, growing focus on enhanced efficiency of machinery and systems, and reduced production costs play a significant role in the growth of the market worldwide. Also, the growing demand for industrial robotics is expected to fuel the growth of the Industry 4.0 market.

Industry 4.0 Market

On the basis of technology, IoT segment is largest contributor in Industry 4.0 market during forecasted period

The potential benefits of IoT have encouraged several industrial equipment manufacturers to implement IoT. By connecting industrial equipment together using wireless connectivity and gathering sensor data from the equipment, manufacturers can accurately determine the current state of machines, optimize their performance, identify potential failures, and plan maintenance schedules accordingly. Its ability to remotely monitor enterprise assets and perform predictive maintenance is the prime reason for its increasing adoption. Remote monitoring is a necessity in industries, especially for equipment deployed under extreme conditions, such as in subsea oil wells or mines. The failure of equipment operating under such conditions can be potentially disastrous, as it may result in heavy financial losses and can also threaten the lives of people in the neighborhood.

Industrial robotics is expected to be second-largest market for Industry 4.0 market during forecasted period

The price of industrial robots has decreased in recent years and has become much easier to program. As a result, the integration of peripherals, such as end effectors and vision systems, has also become easier. Manufacturers are turning to automation in response to the increasing shortage of skilled workers in the manufacturing sector. Robot density is expected to increase, especially in developed countries, in response to this skill gap.

Industry 4.0 Market

APAC to hold major share of Industry 4.0 market during forecasted period

Increasing the adoption of robotics in countries such as China, Japan, and South Korea is the major factor for the growth of the Industry 4.0 market. The low cost of production, enabling various manufacturers to set up manufacturing facilities, is the key driver for the robotics market in APAC. The market in APAC is also expected to grow at the fastest rate, considering the continuous technological advancements and financial support from the governments. Government initiatives, funding in R&D, and extensive industrial base are the major factors that make APAC a dynamic region for Industry 4.0, with Japan and China being the major contributors.

Key Market Players

The major players in the Industry 4.0 market are ABB (Switzerland), Mitsubishi (Japan), Yaskawa (Japan), KUKA (Germany), FANUC (Japan), General Electric (US), IBM (US), Cisco (US), Microsoft (US), Stratasys (US), Google (US), Intel (US), HP (US), Siemens (Germany), Ansys (US), AIBrain (US), SAP (US), Amazon Web Services (US), and General Vision (US).

General Electric (GE) has altered its business model to focus more on the emerging industrial IIoT ecosystem. The company has started developing industrial software solutions based on big data under its Intelligent Platforms division. GE is also one of the founding members of the Industrial Internet Consortium, a nonprofit consortium created for the development of the common framework for the IIoT.

ABB Ltd (Switzerland), provides products and solutions for technologies such as human-machine interface (HMI), connectivity technologies, and industrial robots, which are an important part of the Industry 4.0 market. To grow its HMI business successfully, the company has leveraged its broad installed base of automation control systems and field devices across various verticals and other equipment, such as power industry products, electrical products, and drives.

Scope of the Report:

Report Metric

Details

Market size available for years

2016–2024

Base year

2018

Forecast period

2019–2024

Units

Value, USD

Segments covered

Technology (Offering, Application, End Users), Geography

Geographic regions covered

North America, APAC, Europe, and RoW

Companies covered

ABB (Switzerland), Mitsubishi (Japan), Yaskawa (Japan), KUKA (Germany), FANUC (Japan), General Electric (US), IBM (US), Cisco (US), Microsoft (US), Stratasys (US), Google (US), Intel (US), HP (US), Siemens (Germany), Ansys (US), AIBrain (US), SAP (US), Amazon Web Services (US), and General Vision (US)

This report categorizes the Industry 4.0 market based on technology (including offering, application, and end users) and region.

Industry 4.0 Market, by Technology:

Industry 4.0 Market, by Region:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • APAC
    • China
    • Japan
    • South Korea
    • India
    • Rest of APAC
  • RoW
  • Middle East & Africa
  • South America

Key questions addressed by the report

  • Which are the major technologies of Industry 4.0 market? How big is the opportunity for their growth in the developing economies in the next 5 years?
  • Which are the major companies in the market? What are their major strategies to strengthen their market presence?
  • Which are the leading countries in the market? What would be the share of North America and APAC in this market for the next 5 years?
  • Where will all these developments in the Industry 4.0 market take the industry in the mid to long term?
  • What are the upcoming industry applications for Industry 4.0?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst



Table of Contents

1 Introduction (Page No. - 19)
    1.1 Study Objectives
    1.2 Definition
    1.3 Inclusion and Exclusion
    1.4 Study Scope
           1.4.1 Markets Covered
           1.4.2 Geographic Scope
           1.4.3 Years Considered
    1.5 Currency
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 24)

    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Secondary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 35)
    4.1 Attractive Opportunities in Industry 4.0 Market
    4.2 Market, By Technology
    4.3 Market, By Technology and Region
    4.4 Market, By Geography

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Adoption of Industrial Internet Worldwide
                    5.3.1.2 Growing Demand for Industrial Robots
                    5.3.1.3 Increasing Focus on Enhanced Efficiency and Reduced Production Costs
                    5.3.1.4 Rising Adoption of Industrial Robots for Cost-Effective and Enhanced Quality Production
           5.3.2 Restraints
                    5.3.2.1 Significant Capital Investments Required to Upgrade Traditional Systems
                    5.3.2.2 Lack of Cost-Benefit Analysis of Industry 4.0 Solutions
           5.3.3 Opportunities
                    5.3.3.1 3D Printing to Enhance Manufacturing and Supply Chain Management
                    5.3.3.2 Advent of Collaborative Robots
                    5.3.3.3 Adoption of Big Data Analytics By Enterprises for Cybersecurity
           5.3.4 Challenges
                    5.3.4.1 Lack of Standardization in Communication Interfaces and Protocols
                    5.3.4.2 Instances of Data Security Breaches
                    5.3.4.3 Shortage of Skilled Workforce

6 Industry 4.0 Market, By Technology (Page No. - 43)

    6.1 Introduction
    6.2 3D Printing
           6.2.1 By Offering
                    6.2.1.1 3D Printing Material
                    6.2.1.2 3D Printers
                    6.2.1.3 Software
           6.2.2 By Application
                    6.2.2.1 Prototyping
                    6.2.2.2 Tooling
                    6.2.2.3 Functional Part Manufacturing
           6.2.3 By End-User Industry
                    6.2.3.1 Energy & Power
                    6.2.3.2 Automotive
                    6.2.3.3 Electronics
                    6.2.3.4 Aerospace & Defense
                    6.2.3.5 Healthcare
                    6.2.3.6 Foundry
    6.3 Industrial Robotics
           6.3.1 By Offering
                    6.3.1.1 Collaborative Industrial Robots
                    6.3.1.2 Articulated Robots
                    6.3.1.3 Cylindrical Robots
                    6.3.1.4 Scara Robots
                    6.3.1.5 Parallel Robots
                    6.3.1.6 Cartesian Robots
                    6.3.1.7 Others
                               6.3.1.7.1 Spherical Robot
                               6.3.1.7.2 Swing-Arm Robot
           6.3.2 By Application
                    6.3.2.1 Handling
                    6.3.2.2 Welding & Soldering
                    6.3.2.3 Assembling & Disassembling
                    6.3.2.4 Dispensing
                    6.3.2.5 Processing
           6.3.3 By End-User Industry
                    6.3.3.1 Automotive
                    6.3.3.2 Chemicals
                    6.3.3.3 Pharmaceuticals
                    6.3.3.4 Food & Beverages
                    6.3.3.5 Semiconductor
                    6.3.3.6 Manufacturing
                    6.3.3.7 Pharmaceuticals & Cosmetics
                    6.3.3.8 Aerospace & Defense
    6.4 Blockchain
           6.4.1 By Application
                    6.4.1.1 Predictive Maintenance
                    6.4.1.2 Asset Tracking and Management
                    6.4.1.3 Business Process Optimization
                    6.4.1.4 Logistics and Supply Chain Management
                    6.4.1.5 Real-Time Workforce Tracking and Management
                    6.4.1.6 Quality Control and Compliance
                    6.4.1.7 Counterfeit Management
           6.4.2 By End-User Industry
                    6.4.2.1 Energy & Power
                    6.4.2.2 Pharmaceuticals
                    6.4.2.3 Food & Beverages
                    6.4.2.4 Automotive
                    6.4.2.5 Aerospace & Defense
                    6.4.2.6 Manufacturing
    6.5 Internet of Things (IoT)
           6.5.1 By Offering
                    6.5.1.1 Sensors
                    6.5.1.2 Nodes
                    6.5.1.3 Actuators
                    6.5.1.4 Gateways
           6.5.2 By End-User Industry
                    6.5.2.1 Automotive
                    6.5.2.2 Electronics
                    6.5.2.3 Oil & Gas
                    6.5.2.4 Energy & Power
                    6.5.2.5 Chemicals
                    6.5.2.6 Pharmaceuticals
                    6.5.2.7 Food & Beverages
                    6.5.2.8 Manufacturing
    6.6 Artificial Intelligence (AI)
           6.6.1 By Offering
                    6.6.1.1 Processors/Hardware
                    6.6.1.2 Software
           6.6.2 By Application
                    6.6.2.1 Predictive Maintenance & Machinery Inspection
                    6.6.2.2 Material Movement
                    6.6.2.3 Production Planning
                    6.6.2.4 Field Services
                    6.6.2.5 Reclamation
                    6.6.2.6 Quality Control
                    6.6.2.7 Energy & Power
                    6.6.2.8 Pharmaceuticals
                    6.6.2.9 Food & Beverages
                    6.6.2.10 Automotive
                    6.6.2.11 Electronics
                    6.6.2.12 Aerospace & Defense
                    6.6.2.13 Healthcare
    6.7 Industrial Metrology
           6.7.1 By Offering
                    6.7.1.1 CMM
                    6.7.1.2 ODS
                               6.7.1.2.1 Laser Scanner
                               6.7.1.2.2 Laser Tracker
                    6.7.1.3 Software
           6.7.2 By Application
                    6.7.2.1 Quality Control & Inspection
                    6.7.2.2 Reverse Engineering
                    6.7.2.3 Mapping & Modeling
           6.7.3 By End-User Industry
                    6.7.3.1 Automotive
                    6.7.3.2 Semiconductor
                    6.7.3.3 Aerospace & Defense
                    6.7.3.4 Manufacturing
    6.8 Digital Twin
           6.8.1 By Type
                    6.8.1.1 Product Digital Twin
                    6.8.1.2 Process Digital Twin
                    6.8.1.3 System Digital Twin
           6.8.2 By End-User Industry
                    6.8.2.1 Energy & Utilities
                    6.8.2.2 Oil & Gas
                    6.8.2.3 Automotive
                    6.8.2.4 Aerospace & Defense
                    6.8.2.5 Healthcare
                    6.8.2.6 Home & Commercial
    6.9 Augmented Reality & Virtual Reality
           6.9.1 By Offering
                    6.9.1.1 Sensors
                               6.9.1.1.1 Accelerometer
                               6.9.1.1.2 Gyroscope
                               6.9.1.1.3 Magnetometer
                    6.9.1.2 Display and Projectors
                    6.9.1.3 Cameras
                    6.9.1.4 Software
           6.9.2 By End-User Industry
                    6.9.2.1 Energy & Power
                    6.9.2.2 Automotive
                    6.9.2.3 Aerospace & Defense
                    6.9.2.4 Healthcare
                    6.9.2.5 Electronics
    6.1 5G

7 Geographic Analysis (Page No. - 117)
    7.1 Introduction
    7.2 North America
           7.2.1 US
                    7.2.1.1 Increasing Manufacturing Base Accounts for Large Industry 4.0 Market in US
           7.2.2 Canada
                    7.2.2.1 Canadian Market is Driven By Growing Small- and Medium-Sized Enterprises in Region
           7.2.3 Mexico
                    7.2.3.1 Growing Impetus From Government to Increase Manufacturing is Propelling Demand for Industry 4.0 Technologies in Mexico
    7.3 Europe
           7.3.1 Germany
                    7.3.1.1 Government Initiatives to Promote Smart Factory in Germany Drives Market in Region
           7.3.2 UK
                    7.3.2.1 Growing Market for IoT Propels the Growth of Industry 4.0 in UK
           7.3.3 France
                    7.3.3.1 Increasing Government Investments in Cloud Computing and IoT in France
           7.3.4 Spain
                    7.3.4.1 Government Funding Contributes to Growth of Industry 4.0 Market in Spain
           7.3.5 Italy
                    7.3.5.1 Government to Invest in Cloud Computing and IoT in France
           7.3.6 Rest of Europe
                    7.3.6.1 Rising Manufacturing Base in Rest of Europe Offers Lucrative Market for Industry 4.0
    7.4 APAC
           7.4.1 China
                    7.4.1.1 Increasing Labor Cost in the Country Leads to Adoption of Advanced Connected Solutions in Industries
           7.4.2 Japan
                    7.4.2.1 Ongoing Developments in Smart Manufacturing Processes in Country to Boost Market
           7.4.3 India
                    7.4.3.1 Make in India Campaign to Encourage Manufacturing Industry of the Country
           7.4.4 South Korea
                    7.4.4.1 Increasing Investments By South Korean Government Encourages Growth of Market
           7.4.5 Rest of APAC
    7.5 RoW
           7.5.1 Middle East & Africa
                    7.5.1.1 Market Growth in Middle East Due to High Adoption of Advanced Manufacturing Solutions in Oil & Gas Industry
           7.5.2 South America
                    7.5.2.1 Increasing IoT Penetration in Brazil and Argentina Drives Market in South America

8 Competitive Landscape (Page No. - 128)
    8.1 Overview
    8.2 Market Ranking Analysis 2019: Industry 4.0 Market
    8.3 Recent Developments
           8.3.1 Product Launches
           8.3.2 Partnerships, Contracts, Agreements, and Collaborations
           8.3.3 Mergers & Acquisitions
           8.3.4 Expansions
    8.4 Competitive Leadership Mapping
           8.4.1 Visionary Leaders
           8.4.2 Dynamic Differentiators
           8.4.3 Innovators
           8.4.4 Emerging Companies
    8.5 Business Strategies Excellence (27 Companies)
    8.6 Strength of Product Portfolio (27 Companies)

9 Company Profiles (Page No. - 138)
(Business Overview, Products/Software/Solutions/Software Offered, Recent Developments, SWOT Analysis, and MnM View)*
    9.1 Key Players
           9.1.1 ABB LTD.
           9.1.2 Mitsubishi Electric Corp.
           9.1.3 Yaskawa
           9.1.4 KUKA
           9.1.5 FANUC
           9.1.6 General Electric Company
           9.1.7 International Business Machines Corporation
           9.1.8 Cisco Systems, Inc.
           9.1.9 Microsoft Corporation
           9.1.10 Stratasys LTD.
           9.1.11 Google.
           9.1.12 Intel Corporation
           9.1.13 Hewlett Packard Enterprise Company
           9.1.14 Siemens AG
           9.1.15 Ansys
    9.2 Other Key Players
           9.2.1 AIBrain
           9.2.2 SAP
           9.2.3 Amazon Web Services
           9.2.4 General Vision
*Details on Business Overview, Products/Software/Solutions/Software Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
    9.3 Right to Win

10 Appendix (Page No. - 186)
     10.1 Insights From Industry Experts
     10.2 Discussion Guide
     10.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     10.4 Available Customization
     10.5 Related Reports
     10.6 Author Details


List of Tables (115 Tables)

Table 1 Industry 4.0 Market, By Technology, 2016–2024 (USD Billion)
Table 2 3D Printing Market, By Offering, 2016–2024 (USD Billion)
Table 3 3D Printer Market, By Type, 2016–2024 (USD Billion)
Table 4 3D Printing Market, By Material, 2016–2024 (USD Million)
Table 5 3D Printing Materials Market, By Form, 2016–2024 (USD Billion)
Table 6 3D Printing Services Market, By Service, 2016–2024 (USD Billion)
Table 7 3D Printing Software Market, By Software, 2016–2024 (USD Million)
Table 8 3D Printing Market, By End-User Industry, 2016–2024 (USD Billion)
Table 9 3D Printing Market, By Region, 2016–2024 (USD Billion)
Table 10 3D Printing Market in North America, By Country, 2016–2024 (USD Billion)
Table 11 3D Printing Market in Europe, By Country, 2016–2024 (USD Million)
Table 12 3D Printing Market in APAC, By Country, 2016–2024 (USD Million)
Table 13 3D Printing Market in RoW, By Country, 2016–2024 (USD Million)
Table 14 Industrial Robotics Market, By Type, 2016–2024 (USD Million)
Table 15 Industrial Robotics Market, By End-User Industry, 2016–2024 (USD Billion)
Table 16 Industrial Robotics Market, By Region, 2016–2024 (USD Billion)
Table 17 Industrial Robotics Market for Traditional Robots, By Region, 2016–2024 (USD Billion)
Table 18 Industrial Robotics Market for Collaborative Robots, By Region, 2016–2024 (USD Billion)
Table 19 Industrial Robotics Market in North America, By Country, 2016–2024 (USD Million)
Table 20 Industrial Robotics Market in Europe, By Country, 2016–2024 (USD Million)
Table 21 Industrial Robotics Market in APAC, By Country, 2016–2024 (USD Million)
Table 22 Industrial Robotics Market in RoW, By Country, 2016–2024 (USD Million)
Table 23 Blockchain Market, By End-User Industry, 2020–2024 (USD Million)
Table 24 Blockchain Market in North America, By End-User Industry, 2020–2024 (USD Million)
Table 25 Blockchain Market in Europe, By End-User Industry, 2020–2024 (USD Million)
Table 26 Blockchain Market in APAC, By End-User Industry, 2020–2024 (USD Million)
Table 27 Blockchain Market in RoW, By End-User Industry, 2020–2024 (USD Million)
Table 28 Blockchain Market, By Region, 2020–2024 (USD Million)
Table 29 Blockchain Market in North America, By Country, 2020–2024 (USD Million)
Table 30 Blockchain Market in Europe, By Country, 2020–2024 (USD Million)
Table 31 Blockchain Market in APAC, By Country, 2020–2024 (USD Million)
Table 32 Blockchain Market in RoW, By Region, 2020–2024 (USD Million)
Table 33 Blockchain Market for Automotive, By Region, 2020–2024 (USD Million)
Table 34 Blockchain Market for Energy & Power, By Region, 2020–2024 (USD Million)
Table 35 Blockchain Market for Pharmaceuticals, By Region, 2020–2024 (USD Million)
Table 36 Blockchain Market for Aerospace & Defense, By Region, 2020–2024 (USD Million)
Table 37 Blockchain Market for Industrial, By Region, 2020–2024 (USD Million)
Table 38 Internet of Things Market, By Hardware, 2016–2024 (USD Billion)
Table 39 Internet of Things Market, By Connectivity Technology, 2016–2024 (USD Billion)
Table 40 Internet of Things Market, By Wired Communication Protocol, 2016–2024 (USD Billion)
Table 41 Internet of Things Market, By End-User Industry, 2016–2024 (USD Billion)
Table 42 Internet of Things Market, By Region, 2016–2024 (USD Billion)
Table 43 Internet of Things Market in North America, By Country, 2016–2024 (USD Billion)
Table 44 Internet of Things Market in Europe, By Country, 2016–2024 (USD Billion)
Table 45 Internet of Things Market in APAC, By Country, 2016–2024 (USD Billion)
Table 46 Internet of Things Market in RoW, By Region, 2016–2024 (USD Billion)
Table 47 Artificial Intelligence Market, By Application, 2016–2024 (USD Million)
Table 48 Artificial Intelligence Market, By Offering, 2016–2024 (USD Million)
Table 49 Artificial Intelligence Market, By End-User Industry, 2016–2024 (USD Million)
Table 50 Artificial Intelligence Market, By Region, 2016–2024 (USD Million)
Table 51 Artificial Intelligence Market in North America, By Country, 2016–2024 (USD Million)
Table 52 Artificial Intelligence Market in Europe, By Country, 2016–2024 (USD Million)
Table 53 Artificial Intelligence Market in APAC, By Country, 2016–2024 (USD Million)
Table 54 Artificial Intelligence Market in RoW, By Region, 2016–2024 (USD Million)
Table 55 Artificial Intelligence Market, By Technology, 2016–2024 (USD Million)
Table 56 Machine Learning Market, By Type, 2016–2024 (USD Million)
Table 57 Context-Aware Computing Market, By Type, 2016–2024 (USD Million)
Table 58 Artificial Intelligence Market for Material Movement, By Technology, 2016–2024 (USD Million)
Table 59 Artificial Intelligence Market for Predictive Maintenance & Machinery Inspection, By Technology, 2016–2024 (USD Million)
Table 60 Artificial Intelligence Market for Production Planning, By Technology, 2016–2024 (USD Million)
Table 61 Artificial Intelligence Market for Field Services, By Technology, 2016–2024 (USD Million)
Table 62 Artificial Intelligence in Reclamation Market, By Technology, 2016–2024 (USD Million)
Table 63 Artificial Intelligence Market for Quality Control, By Technology, 2016–2024 (USD Million)
Table 64 Artificial Intelligence Market for Cybersecurity, By Technology, 2016–2024 (USD Million)
Table 65 Artificial Intelligence Market for Industrial Robots, By Technology, 2016–2024 (USD Million)
Table 66 Industrial Metrology Market, By Offering, 2016–2024 (USD Billion)
Table 67 Industrial Metrology Market, By End-User Industry, 2016–2024 (USD Billion)
Table 68 Industrial Metrology Market, By Application, 2016–2024 (USD Billion)
Table 69 Industrial Metrology Market in Aerospace & Defense Industry, By Application, 2016–2024 (USD Billion)
Table 70 Industrial Metrology Market for Automotive Industry, By Application, 2016–2024 (USD Billion)
Table 71 Industrial Metrology Market for Manufacturing Industry, By Application, 2016–2024 (USD Billion)
Table 72 Industrial Metrology Market for Semiconductor Industry, By Application, 2016–2024 (USD Billion)
Table 73 Industrial Metrology Market for Other Industries, By Application, 2016–2024 (USD Billion)
Table 74 Industrial Metrology Market for Aerospace & Defense, By Region, 2016–2024 (USD Billion)
Table 75 Industrial Metrology Market for Automotive, By Region, 2016–2024 (USD Billion)
Table 76 Industrial Metrology Market for Manufacturing, By Region, 2016–2024 (USD Billion)
Table 77 Industrial Metrology Market for Semiconductor, By Region, 2016–2024 (USD Billion)
Table 78 Industrial Metrology Market for Other End-User Industries, By Region, 2016–2024 (USD Billion)
Table 79 Digital Twin Market, By Type, 2016–2024 (USD Billion)
Table 80 Digital Twin Market, By End-User Industry, 2016–2024 (USD Million)
Table 81 Digital Twin Market for Aerospace & Defense Industry, By Type, 2016–2024 (USD Million)
Table 82 Digital Twin Market for Automotive & Transportation Industry, By Type, 2016–2024 (USD Million)
Table 83 Digital Twin Market for Home & Commercial Industry, By Type, 2016–2024 (USD Million)
Table 84 Digital Twin Market for Energy & Utilities Industry, By Type, 2016–2024 (USD Million)
Table 85 Digital Twin Market for Healthcare Industry, By Type, 2016–2024 (USD Million)
Table 86 Digital Twin Market for Oil & Gas Industry, By Type, 2016–2024 (USD Million)
Table 87 Digital Twin Market, By Region, 2016–2024 (USD Million)
Table 88 Digital Twin Market for Aerospace & Defense Industry, By Geography, 2016–2024 (USD Million)
Table 89 Digital Twin Market for Automotive Industry, By Region, 2016–2024 (USD Million)
Table 90 Digital Twin Market for Home & Commercial Industry, By Region, 2016–2024 (USD Million)
Table 91 Digital Twin Market for Healthcare Industry, By Region, 2016–2024 (USD Million)
Table 92 Digital Twin Market for Energy & Utilities Industry, By Region, 2016–2024 (USD Million)
Table 93 Digital Twin Market for Oil & Gas Industry, By Region, 2016–2024 (USD Million)
Table 94 Augmented Reality & Virtual Reality Market, By Offering, 2016–2024 (USD Million)
Table 95 Augmented Reality & Virtual Reality Market, By Hardware Component, 2016–2024 (USD Million)
Table 96 Augmented Reality & Virtual Reality Market, By Region, 2016–2024 (USD Million)
Table 97 Augmented Reality & Virtual Reality Market in North America, By Country, 2016–2024 (USD Million)
Table 98 Augmented Reality & Virtual Reality Market in Europe, By Country, 2016–2024 (USD Million)
Table 99 Augmented Reality & Virtual Reality Market in APAC, By Country, 2016–2024 (USD Million)
Table 100 Augmented Reality & Virtual Reality Market in RoW, By Region, 2016–2024 (USD Million)
Table 101 5G Infrastructure Market, By Type, 2018–2024 (USD Million)
Table 102 5G Infrastructure Market, By Region, 2018–2024 (USD Million)
Table 103 5G Infrastructure Market in North America, By Country, 2018–2024 (USD Million)
Table 104 5G Infrastructure Market in Europe, By Country, 2018–2024 (USD Million)
Table 105 5G Infrastructure Market in APAC, By Country, 2018–2024 (USD Million)
Table 106 5G Infrastructure Market in RoW, By Region, 2018–2024 (USD Million)
Table 107 Industry 4.0 Market, By Region, 2016–2024 (USD Billion)
Table 108 Market in North America, By Country, 2016–2024 (USD Billion)
Table 109 Market in Europe, By Country, 2016–2024 (USD Billion)
Table 110 Market in APAC, By Country, 2016–2024 (USD Billion)
Table 111 Market in RoW, By Region, 2016–2024 (USD Billion)
Table 112 Product Launches, 2018–2019
Table 113 Partnerships, Contracts, Agreements, and Collaborations, 2018–2019
Table 114 Mergers & Acquisitions, 2018–2019
Table 115 Expansions, 2018–2019


List of Figures (54 Figures)

Figure 1 Industry 4.0 Market: Research Design
Figure 2 Market Size Estimation Methodology: Approach 1 (Supply Side): Revenue Generated From 3D Printing and Industrial Metrology Products/Solutions/Services
Figure 3 Market Size Estimation Methodology: Approach 2 (Demand Side): Revenue Generated By AI, IoT, Blockchain, AR & VR Technologies Used in Different End-User Industries
Figure 4 Market Size Estimation Methodology: Approach 3 (Supply Side): Revenue Generated From Different Types of Industrial Robotics and Digital Twin Technology
Figure 5 Market Size Estimation Methodology: Industry 4.0 Market
Figure 6 Data Triangulation
Figure 7 Industry 4.0 Market, 2016–2024 (%)
Figure 8 APAC to Grow at Highest CAGR for Market During Forecast Period
Figure 9 Increasing Adoption of Connected and Smart Devices in Manufacturing Sector Propels Growth of Market
Figure 10 Internet of Things to Hold Largest Market Share From 2018 to 2024
Figure 11 APAC to Hold Largest Share of Market in 2019
Figure 12 Market in China Expected to Grow at Highest Rate From 2019 to 2024
Figure 13 Stages of Industrial Revolution
Figure 14 Industry 4.0 Market Dynamics
Figure 15 Internet of Things Expected to Dominate Market From 2019 to 2024
Figure 16 Automotive Sector to Grow at Higher CAGR in Market for 3D Printing From 2019 to 2024
Figure 17 China to Hold Largest Share of Market for 3D Printing in 2024
Figure 18 APAC to Hold Largest Share of Market for Industrial Robotics in 2024
Figure 19 Industrial to Grow at Highest Rate in Industry 4.0 Market for Blockchain From 2019 to 2024
Figure 20 China Blockchain Market to Grow at Highest Rate in APAC From 2019 to 2024
Figure 21 Automotive & Transportation to Hold Largest Share of IoT Market in 2024
Figure 22 Automotive to Hold Largest Share of Artificial Intelligence Market in 2024
Figure 23 Machine Learning to Hold Largest Share of Artificial Intelligence Market in 2024
Figure 24 Machine Learning to Dominate AI Market for Reclamation From 2019 to 2024
Figure 25 Automotive to Hold Largest Share of Industrial Metrology Market in 2024
Figure 26 Automotive Industry in APAC to Witness Highest CAGR From 2019 to 2024
Figure 27 Healthcare to Grow at Highest CAGR in Digital Twin Market From 2019 to 2024
Figure 28 North America to Hold Largest Share of Digital Twin Market in 2024
Figure 29 APAC to Hold Largest Share of AR & VR Market in 2024
Figure 30 Communication Infrastructure to Hold Largest Share for 5G Infrastructure in 2024
Figure 31 China 5G Infrastructure Market to Grow at Highest Rate From 2019 to 2024
Figure 32 US and China to Witness Significant CAGR in Market From 2019 to 2024
Figure 33 North America: Snapshot of Industry 4.0 Market
Figure 34 Europe: Snapshot of Market
Figure 35 APAC: Snapshot of Market
Figure 36 Companies Adopted Product Launch as the Key Growth Strategy From 2016 to 2019
Figure 37 Ranking of the Key Players in the Market 2019
Figure 38 Battle for Market Share: Product Launch Was the Key Strategy
Figure 39 Industry 4.0 Market (Global) Competitive Leadership Mapping, 2019
Figure 40 ABB LTD.: Company Snapshot
Figure 41 Mitsubishi Electric Corp.: Company Snapshot
Figure 42 Yaskawa: Company Snapshot
Figure 43 KUKA: Company Snapshot
Figure 44 FANUC: Company Snapshot
Figure 45 General Electric Company: Company Snapshot
Figure 46 International Business Machines Corporation: Company Snapshot
Figure 47 Cisco Systems, Inc.: Company Snapshot
Figure 48 Microsoft Corporation: Company Snapshot
Figure 49 Stratasys LTD.: Company Snapshot
Figure 50 Google: Company Snapshot
Figure 51 Intel Corporation: Company Snapshot
Figure 52 Hewlett Packard Enterprise Company: Company Snapshot
Figure 53 Siemens AG: Company Snapshot
Figure 54 Ansys: Company Snapshot

The study involved 4 major activities in estimating the current size of the industry 4.0 market. Exhaustive secondary research has been conducted to collect information about the market, the peer market, and the parent market. Validating findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both, top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources were referred to for identifying and collecting information pertinent to the study. These secondary sources included annual reports; press releases; investor presentations of companies; white papers; certified publications; and articles from recognized authors, directories, and databases. Secondary research was mainly used to obtain key information about the industry’s supply chain, the market’s monetary chain, the total pool of key players, and the market segmentation according to industry trends, geographic markets, and key developments from both market- and technology-oriented perspectives. The secondary data was collected and analyzed to arrive at the overall market size, which was further validated by the primary research.

Primary Research

In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain the qualitative and quantitative information relevant to Industry 4.0 market. Primary sources from the supply side include experts such as CEOs, vice presidents, marketing directors, technology and innovation directors, application developers, application users, and related executives from various key companies and organizations operating in the ecosystem of the Industry 4.0 market.

Industry 4.0 Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Top-down and bottom-up approaches have been used to estimate and validate the size of the AI-powered storage market and various other dependent submarkets. Key players in the market have been identified through secondary research, and their market shares in respective regions have been determined through primary and secondary research. This entire research methodology includes the study of annual and financial reports of top players, as well as interviews with experts (such as CEOs, VPs, directors, and marketing executives) for key insights (both quantitative and qualitative). All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All the possible parameters that influence the markets covered in this research study have been accounted for, viewed in detail, verified through the primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report.

Data Triangulation

After arriving at the overall market size using the estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data have been triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To describe and forecast the industry 4.0 market, in terms of value, by technology, and geography
  • To describe and forecast the market, in terms of value, by region—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets with regard to individual growth trends, prospects, and contributions to the total market
  • To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailed competitive landscape for the market leaders
  • To analyze strategic approaches such as product developments, mergers & acquisitions, partnerships, collaborations, contracts & agreements, and expansions in the Industry 4.0 market

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix that gives a detailed comparison of the product portfolio of each company
  • Comprehensive coverage of funding/M&A activities, regulations followed in each region (North America, APAC, Europe, and RoW)

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
Report Code
SE 5279
Published ON
Dec, 2019
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