Industry 4.0 Market Growth Trajectory – Insights On Key Drivers, Major Trends, And Top Opportunities

3 Nov, 2023

The global industry 4.0 market is expected to grow from $139 billion in 2022 to $167.12 billion in 2023 at a compound annual growth rate (CAGR) of 20.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The industry 4.0 market is expected to reach $341.49 billion in 2027 at a CAGR of 19.6%.

Global Industry 4.0 Market Key Driver

The growing adoption of industrial robots is anticipated to drive the expansion of the Industry 4.0 market in the foreseeable future. Industrial robots are mechanical machines designed to automate production-related tasks in industrial settings. These robots leverage Industry 4.0 by integrating advanced technologies such as automation, the Internet of Things (IoT), and artificial intelligence to create intelligent, autonomous, and interconnected robotic systems, enhancing productivity, adaptability, and efficiency in manufacturing operations.

Get a sample of the global industry 4.0 market report

Global Industry 4.0 Market Segments

The global industry 4.0 market is segmented:
1) By Technology: Industrial Robots, Blockchain, Industrial Sensors, Industrial 3D Printing, Machine Vision, Human Machine Interface (HMI), Artificial Intelligence In Manufacturing, Digital Twin, Automatic Guided Vehicles (AGV), Machine Condition Monitoring
2) By Component: Solution, Services
3) By Enterprise Size: Small And Medium Enterprises, Large Enterprise
4) By End-User: Manufacturing, Automotive, Oil And Gas, Energy And Utilities, Electronics And Foundry, Food And Beverage, Aerospace & Defense, Other End-Users
5) By Geography: The regions covered in the industry 4.0 market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, Europe accounts for the largest share in the global industry 4.0 market.

Major Industry 4.0 Industry Players

  • Siemens AG
  • General Electric Company
  • Intel Corporation
  • International Business Machines Corporation
  • Cisco Systems Inc.
  • Mitsubishi Electric Corporation
  • Honeywell International Inc.
  • ABB Ltd.
  • NVIDIA Corporation
  • Emerson Electric Co
  • Get the full global industry 4.0 market report

    Industry 4.0 Market Overview

    Industry 4.0 refers to production systems that are intelligent and interconnected and are built to perceive, anticipate, and interact with the physical world to make decisions that support production in real time. It is used for the creation of intelligent factories and smart manufacturing.

    Industry 4.0 Global Market Report 2023 provides data on the global industry 4.0 market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The industry 4.0 market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.