Industry 40 Market
PUBLISHED: 2024 ID: SMRC26609
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Industry 40 Market

Industry 4.0 Market Forecasts to 2030 - Global Analysis By Software (Asset Performance Managements, Field Service Management and Operations Performance Management), Technology (Industrial Robotics & Smart Controllers, 5G and Advanced Human Machine Interface (HMI)), Component, Connectivity, Platform, End User and By Geography

4.1 (84 reviews)
4.1 (84 reviews)
Published: 2024 ID: SMRC26609

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Industry 4.0 Market is accounted for $140.91 billion in 2024 and is expected to reach $398.14 billion by 2030 growing at a CAGR of 18.9% during the forecast period. Industry 4.0, also known as the Fourth Industrial Revolution, is characterized by the integration of digital technologies into manufacturing and industrial processes. It encompasses concepts like automation, artificial intelligence, big data, and the Internet of Things (IoT) to create ""smart factories"" that are more efficient, flexible, and interconnected. This transformation enables real-time data analysis, predictive maintenance, and customizable production, leading to increased productivity and reduced costs. Industry 4.0 represents a shift towards decentralized decision-making and the convergence of physical and digital systems, revolutionizing traditional manufacturing paradigms.
 
According to a study published by Cybercrime Magazine in 2021, the cost of cybercrime reached USD 6.0 trillion globally in 2021 and is predicted to reach USD 10.5 trillion by 2025. According to Maryville University, every year by 2025, more than 180 trillion gigabytes of data will be produced globally. 

Market Dynamics: 

Driver: 

Growing demand for industrial robots

The growing demand for industrial robots is a key driver in the Industry 4.0 market. With Industry 4.0's focus on automation, efficiency, and connectivity, industrial robots play a crucial role in streamlining manufacturing processes. These robots offer increased precision, speed, and flexibility, enabling companies to adapt to rapidly changing market demands. Moreover, advancements in robotics technology, such as AI and machine learning, empower robots to perform complex tasks with minimal human intervention. As industries seek to enhance productivity and reduce labor costs, the adoption of industrial robots continues to surge, driving growth in the Industry 4.0 market.

Restraint:

Significant capital investments

Significant capital investment restraints in the Industry 4.0 market stem from the high costs associated with implementing advanced technologies such as IoT, AI, and robotics. Companies often face substantial upfront expenses for acquiring hardware, software, and specialized personnel. Additionally, the complexity of integrating these technologies with existing systems can escalate costs further. Moreover, the rapid pace of technological advancements necessitates continuous investment to stay competitive, adding to financial pressures. 

Opportunity:

Increasing adoption of the industrial internet worldwide

The increasing adoption of the industrial internet worldwide presents a significant opportunity in the Industry 4.0 market. As industries embrace digital transformation, the integration of IoT devices, advanced analytics, and AI-driven solutions into manufacturing processes enhances efficiency, productivity, and cost-effectiveness. This convergence enables predictive maintenance, real-time monitoring, and optimization of operations, leading to reduced downtime and improved asset utilization. Moreover, the industrial Internet fosters interconnectedness across the supply chain, enabling seamless collaboration and data exchange among stakeholders. 

Threat:

Lack of cost-benefit analysis of Industry 4.0 solutions

The lack of thorough cost-benefit analysis poses a significant threat. Without such analysis, companies may invest in technologies without fully understanding their potential return on investment. This can lead to wasted resources, missed opportunities, and ultimately hindered competitiveness. Moreover, without a clear understanding of costs and benefits, companies may struggle to prioritize investments effectively, potentially slowing down their digital transformation journey.

Covid-19 Impact: 

The COVID-19 pandemic has significantly impacted the Industry 4.0 market, accelerating its growth in some areas while posing challenges in others. With remote work becoming the norm, there's been a surge in demand for technologies enabling digital connectivity, automation, and virtual collaboration. However, disruptions in global supply chains have affected the implementation of Industry 4.0 solutions, causing delays in deployment and production. Despite these challenges, the pandemic has underscored the importance of Industry 4.0 technologies in building resilience and adaptability in the face of future crises.

The industrial robotics & smart controllers segment is expected to be the largest during the forecast period

In the context of Industry 4.0, the Industrial Robotics and Smart Controllers segment is experiencing significant growth. This growth is propelled by the integration of advanced robotics and intelligent controllers into manufacturing processes, enhancing automation, efficiency, and flexibility. Industrial robots equipped with smart controllers are increasingly capable of adaptive and collaborative functions, enabling them to work alongside humans safely and efficiently. Moreover, advancements in artificial intelligence and machine learning are augmenting the capabilities of these systems, enabling predictive maintenance and optimizing production processes.

The memory segment is expected to have the highest CAGR during the forecast period

In Industry 4.0 market, memory segment growth is due to the increasing demand for memory solutions in various applications across sectors such as manufacturing, logistics, and healthcare. As industries adopt more data-intensive processes and technologies like IoT devices, AI, and edge computing, there's a heightened need for storage and processing capabilities. This growth is driven by the exponential increase in data generated by connected devices and the need for real-time analytics and decision-making. Companies are investing in advanced memory technologies like non-volatile memory (NVM) and high-capacity RAM to meet these demands, feeling the expansion of the memory segment in the Industry 4.0 market.

Region with largest share:

North America has been at the forefront of embracing Industry 4.0 technologies, experiencing robust growth in this sector. With its advanced infrastructure, skilled workforce, and supportive regulatory environment, the region has seen widespread adoption of automation, AI, IoT, and other Industry 4.0 solutions across various industries. Major players in tech hubs like Silicon Valley drive innovation, while established industrial giants continuously invest in modernizing their operations. Additionally, the region's focus on research and development further fuels the expansion of Industry 4.0 initiatives. As businesses strive for efficiency, agility, and competitiveness, North America remains a key hub for the evolution of Industry 4.0 technologies, promising continued growth and advancement in the years ahead.

Region with highest CAGR:

The Asia-Pacific region has witnessed remarkable growth in the Industry 4.0 market, driven by factors such as rapid digitalization, increasing adoption of automation, and government initiatives promoting technological advancements. Countries like China, Japan, South Korea, and India have emerged as key players in this evolution, leveraging their robust manufacturing sectors and technological prowess. The region's burgeoning population and rising middle class have further fuelled demand for innovative solutions across industries like automotive, electronics, and healthcare. With a strong focus on research and development, coupled with strategic partnerships and investments, the Asia-Pacific region continues to be a dynamic hub for Industry 4.0 innovation.

Key players in the market

Some of the key players in Industry 4.0 market include ABB, AIBrain, Amazon Web Services, Ansys, Cisco, General Electric, General Vision, Google, HP, IBM, Intel, KUKA, Microsoft, Mitsubishi, SAP, Siemens, Stratasys and Yaskawa.             

Key Developments:

In June 2024, The African Development Bank (AfDB) and technology giant Intel have joined forces to equip three million Africans and 30,000 government officials with advanced artificial intelligence (AI) skills. According to a statement on the AfDB’s website, the collaboration aims to revolutionize the African digital ecosystem.

In May 2024, Amazon Web Services (AWS) and SAP SE announced an expanded, strategic collaboration to transform modern cloud enterprise resource planning (ERP) experiences and help enterprises drive new capabilities and efficiencies with generative artificial intelligence (AI).

Software’s Covered:
• Asset Performance Managements    
• Field Service Management          
• Operations Performance Management          

Technologies Covered:
• Industrial Robotics & Smart Controllers         
• 5G             
• Internet of Things           
• Additive Manufacturing (3D Printing)         
• Blockchain           
• Artificial Intelligence          
• Digital Twin           
• Augmented Reality & Virtual Reality         
• Industrial Metrology          
• Smart Factory           
• Simulation
• Machine Learning           
• Location Detection Technology         
• Industrial Automation          
• Horizontal and Vertical System Integration        
• Cybersecurity & Cloud Computing         
• Big Data and Analytics          
• Advanced Human Machine Interface (HMI)         

Components Covered:
• Networking Components (Gateway & Routers)        
• Processors           
• Battery Management          
• Memory            
• Device and Equipment           
• Radio Frequency Identification (RFID)         
• Control Systems           
• Yield Monitors           
• Robotics & Drones           
• Actuators             
• Display & Monitors 

Connectivities Covered:
• Wireless Technologies          
• Wired Technologies           
• Cellular Technologies             

Platforms Covered:
• Cloud            
• Hybrid            
• On-Premise             

End Users Covered:
• Transportation           
• Pharmaceuticals & Cosmetics          
• Oil & Gas            
• Manufacturing           
• Logistics            
• Home & Commercial          
• Foundry            
• Food & Beverages           
• Energy & Power           
• Automotive           
• Agriculture           
• Aerospace & Defense          
• Chemicals           
• Construction
• Consumer Goods           
• Electronics & Semiconductor           
• Healthcare                        

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary         
          
2 Preface         
 2.1 Abstract        
 2.2 Stake Holders        
 2.3 Research Scope        
 2.4 Research Methodology        
  2.4.1 Data Mining       
  2.4.2 Data Analysis       
  2.4.3 Data Validation       
  2.4.4 Research Approach       
 2.5 Research Sources        
  2.5.1 Primary Research Sources       
  2.5.2 Secondary Research Sources       
  2.5.3 Assumptions       
          
3 Market Trend Analysis         
 3.1 Introduction        
 3.2 Drivers        
 3.3 Restraints        
 3.4 Opportunities        
 3.5 Threats        
 3.6 Technology Analysis        
 3.7 End User Analysis        
 3.8 Emerging Markets        
 3.9 Impact of Covid-19        
          
4 Porters Five Force Analysis         
 4.1 Bargaining power of suppliers        
 4.2 Bargaining power of buyers        
 4.3 Threat of substitutes        
 4.4 Threat of new entrants        
 4.5 Competitive rivalry        
          
5 Global Industry 4.0 Market, By Software         
 5.1 Introduction        
 5.2 Asset Performance Managements            
 5.3 Field Service Management                  
 5.4 Operations Performance Management                 
          
6 Global Industry 4.0 Market, By Technology         
 6.1 Introduction        
 6.2 Industrial Robotics & Smart Controllers                 
  6.2.1 Industrial Robotic Offering                
   6.2.1.1 Articulated Robots               
   6.2.1.2 Cartesian Robots               
   6.2.1.3 Collaborative Industrial Robots             
   6.2.1.4 Cylindrical Robots               
   6.2.1.5 Parallel Robots               
   6.2.1.6 SCARA (Selective Compliance Articulated Robot Arm) Robots           
   6.2.1.7 Other Industrial Robotic Offerings             
    6.2.1.7.1 Swing-Arm Robot             
    6.2.1.7.2 Spherical Robot             
  6.2.2 Industrial Robotic Application                
   6.2.2.1 Welding & Soldering              
   6.2.2.2 Processing               
   6.2.2.3 Handling                
   6.2.2.4 Dispensing               
   6.2.2.5 Assembling & Disassembling              
 6.3 5G                     
 6.4 Internet of Things                   
  6.4.1 Nodes                  
  6.4.2 Gateways                 
 6.5 Additive Manufacturing (3D Printing)                 
  6.5.1 3D Printing Offering                 
   6.5.1.1 3D Printing Material               
   6.5.1.2 3D Printers               
  6.5.2 3D Printing Application                
   6.5.2.1 Tooling                
   6.5.2.2 Prototyping               
   6.5.2.3 Functional Part Manufacturing              
 6.6 Blockchain                   
  6.6.1 Real-Time Workforce Tracking and Management              
  6.6.2 Quality Control and Compliance               
  6.6.3 Predictive Maintenance                
  6.6.4 Logistics and Supply Chain Management               
  6.6.5 Counterfeit Management                
  6.6.6 Business Process Optimization               
  6.6.7 Asset Tracking and Management               
 6.7 Artificial Intelligence                  
  6.7.1 Artificial Intelligence Offering                
  6.7.2 Artificial Intelligence Application               
   6.7.2.1 Reclamation               
   6.7.2.2 Quality Control               
   6.7.2.3 Production Planning              
   6.7.2.4 Predictive Maintenance & Machinery Inspection            
   6.7.2.5 Material Movement               
   6.7.2.6 Field Services               
 6.8 Digital Twin                   
  6.8.1 System Digital Twin                 
  6.8.2 Product Digital Twin                
  6.8.3 Process Digital Twin                 
 6.9 Augmented Reality & Virtual Reality                 
  6.9.1 Sensors                  
   6.9.1.1 Magnetometer               
   6.9.1.2 Gyroscope               
   6.9.1.3 Accelerometer               
  6.9.2 Projectors                 
  6.9.3 Cameras                  
 6.10 Industrial Metrology                  
  6.10.1 Industrial Metrology Offering                
   6.10.1.1 Optical Digitizers & Scanners (ODS)             
    6.10.1.1.1 Laser Scanner             
    6.10.1.1.2 Laser Tracker             
   6.10.1.2 Coordinate Measuring Machine (CMM)             
  6.10.2 Industrial Metrology Application               
   6.10.2.1 Reverse Engineering              
   6.10.2.2 Quality Control & Inspection              
   6.10.2.3 Mapping & Modeling              
 6.11 Smart Factory                   
 6.12 Simulation        
 6.13 Machine Learning                   
 6.14 Location Detection Technology                 
 6.15 Industrial Automation                  
 6.16 Horizontal and Vertical System Integration                
 6.17 Cybersecurity & Cloud Computing                 
 6.18 Big Data and Analytics                  
 6.19 Advanced Human Machine Interface (HMI)                 
          
7 Global Industry 4.0 Market, By Component         
 7.1 Introduction        
 7.2 Networking Components (Gateway & Routers)                
 7.3 Processors                   
 7.4 Battery Management                  
  7.4.1 Energy Harvesting Modules                
  7.4.2 Photovoltaic Panels                 
  7.4.3 Power Supply                 
  7.4.4 Thermoelectric Sources                
  7.4.5 Thin Film and Printed Batteries               
 7.5 Memory                    
  7.5.1 NOR Flash                 
  7.5.2 NAND Flash                 
  7.5.3 Multichip Packages                 
  7.5.4 Memory Cards                 
  7.5.5 Industrial Solid State Drives (SSDs)               
  7.5.6 Dynamic Random Access Memory (DRAM)              
 7.6 Device and Equipment                   
  7.6.1 Handheld Scanners                 
  7.6.2 Tracking Devices                 
 7.7 Radio Frequency Identification (RFID)                 
 7.8 Control Systems                   
 7.9 Yield Monitors                   
 7.10 Robotics & Drones                   
 7.11 Actuators                     
  7.11.1 Vibration                  
  7.11.2 Position                  
  7.11.3 Temperature                 
  7.11.4 Pressure                  
  7.11.5 Heat                  
 7.12 Display & Monitors        
          
8 Global Industry 4.0 Market, By Connectivity          
 8.1 Introduction        
 8.2 Wireless Technologies                  
  8.2.1 Wi-Fi ( Wireless Fidelity)                
  8.2.2 Message Queuing Telemetry Transport (MQTT)              
  8.2.3 LoRaWAN (Low Power Wide Area Network)               
  8.2.4 GHz (Gigahertz)                 
  8.2.5 Bluetooth Low Energy (BLE)                
 8.3 Wired Technologies                   
  8.3.1 ETHERNET                 
  8.3.2 Modbus                  
  8.3.3 PROFINET                 
 8.4 Cellular Technologies        
          
9 Global Industry 4.0 Market, By Platform          
 9.1 Introduction        
 9.2 Cloud                    
 9.3 Hybrid                    
 9.4 On-Premise        
          
10 Global Industry 4.0 Market, By End User         
 10.1 Introduction        
 10.2 Transportation                   
 10.3 Pharmaceuticals & Cosmetics                  
 10.4 Oil & Gas                    
 10.5 Manufacturing                   
 10.6 Logistics                    
 10.7 Home & Commercial                  
 10.8 Foundry                    
 10.9 Food & Beverages                   
 10.10 Energy & Power                   
 10.11 Automotive                   
 10.12 Agriculture                   
 10.13 Aerospace & Defense                  
 10.14 Chemicals                   
 10.15 Construction        
 10.16 Consumer Goods                   
 10.17 Electronics & Semiconductor                   
 10.18 Healthcare                   
          
11 Global Industry 4.0 Market, By Geography         
 11.1 Introduction        
 11.2 North America        
  11.2.1 US       
  11.2.2 Canada       
  11.2.3 Mexico       
 11.3 Europe        
  11.3.1 Germany       
  11.3.2 UK       
  11.3.3 Italy       
  11.3.4 France       
  11.3.5 Spain       
  11.3.6 Rest of Europe       
 11.4 Asia Pacific        
  11.4.1 Japan       
  11.4.2 China       
  11.4.3 India       
  11.4.4 Australia       
  11.4.5 New Zealand       
  11.4.6 South Korea       
  11.4.7 Rest of Asia Pacific       
 11.5 South America        
  11.5.1 Argentina       
  11.5.2 Brazil       
  11.5.3 Chile       
  11.5.4 Rest of South America       
 11.6 Middle East & Africa        
  11.6.1 Saudi Arabia       
  11.6.2 UAE       
  11.6.3 Qatar       
  11.6.4 South Africa       
  11.6.5 Rest of Middle East & Africa       
          
12 Key Developments         
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures        
 12.2 Acquisitions & Mergers        
 12.3 New Product Launch        
 12.4 Expansions        
 12.5 Other Key Strategies        
          
13 Company Profiling         
 13.1 ABB                    
 13.2 AIBrain                     
 13.3 Amazon Web Services                  
 13.4 Ansys                     
 13.5 Cisco                     
 13.6 General Electric                    
 13.7 General Vision                   
 13.8 Google                     
 13.9 HP                     
 13.10 IBM                     
 13.11 Intel                     
 13.12 KUKA                     
 13.13 Microsoft                    
 13.14 Mitsubishi                    
 13.15 SAP          
 13.16 Siemens                     
 13.17 Stratasys                     
 13.18 Yaskawa                     
          
List of Tables          
1 Global Industry 4.0 Market Outlook, By Region (2022-2030) ($MN)         
2 Global Industry 4.0 Market Outlook, By Software (2022-2030) ($MN)         
3 Global Industry 4.0 Market Outlook, By Asset Performance Managements (2022-2030) ($MN)         
4 Global Industry 4.0 Market Outlook, By Field Service Management (2022-2030) ($MN)         
5 Global Industry 4.0 Market Outlook, By Operations Performance Management (2022-2030) ($MN)         
6 Global Industry 4.0 Market Outlook, By Technology (2022-2030) ($MN)         
7 Global Industry 4.0 Market Outlook, By Industrial Robotics & Smart Controllers (2022-2030) ($MN)         
8 Global Industry 4.0 Market Outlook, By Industrial Robotic Offering (2022-2030) ($MN)         
9 Global Industry 4.0 Market Outlook, By Articulated Robots (2022-2030) ($MN)         
10 Global Industry 4.0 Market Outlook, By Cartesian Robots (2022-2030) ($MN)         
11 Global Industry 4.0 Market Outlook, By Collaborative Industrial Robots (2022-2030) ($MN)         
12 Global Industry 4.0 Market Outlook, By Cylindrical Robot (2022-2030) ($MN)         
13 Global Industry 4.0 Market Outlook, By Parallel Robots (2022-2030) ($MN)         
14 Global Industry 4.0 Market Outlook, By SCARA (Selective Compliance Articulated Robot Arm) Robots (2022-2030) ($MN)         
15 Global Industry 4.0 Market Outlook, By Other Industrial Robotic Offerings (2022-2030) ($MN)         
16 Global Industry 4.0 Market Outlook, By Swing-Arm Robot (2022-2030) ($MN)         
17 Global Industry 4.0 Market Outlook, By Spherical Robot (2022-2030) ($MN)         
18 Global Industry 4.0 Market Outlook, By Industrial Robotic Application (2022-2030) ($MN)         
19 Global Industry 4.0 Market Outlook, By Welding & Soldering (2022-2030) ($MN)         
20 Global Industry 4.0 Market Outlook, By Processing (2022-2030) ($MN)         
21 Global Industry 4.0 Market Outlook, By Handling (2022-2030) ($MN)         
22 Global Industry 4.0 Market Outlook, By Dispensing (2022-2030) ($MN)         
23 Global Industry 4.0 Market Outlook, By Assembling & Disassembling (2022-2030) ($MN)         
24 Global Industry 4.0 Market Outlook, By 5G (2022-2030) ($MN)         
25 Global Industry 4.0 Market Outlook, By Internet of Things (2022-2030) ($MN)         
26 Global Industry 4.0 Market Outlook, By Nodes (2022-2030) ($MN)         
27 Global Industry 4.0 Market Outlook, By Gateways (2022-2030) ($MN)         
28 Global Industry 4.0 Market Outlook, By Additive Manufacturing (3D Printing) (2022-2030) ($MN)         
29 Global Industry 4.0 Market Outlook, By 3D Printing Offering (2022-2030) ($MN)         
30 Global Industry 4.0 Market Outlook, By 3D Printing Material (2022-2030) ($MN)         
31 Global Industry 4.0 Market Outlook, By 3D Printers (2022-2030) ($MN)         
32 Global Industry 4.0 Market Outlook, By 3D Printing Application (2022-2030) ($MN)         
33 Global Industry 4.0 Market Outlook, By Tooling (2022-2030) ($MN)         
34 Global Industry 4.0 Market Outlook, By Prototyping (2022-2030) ($MN)         
35 Global Industry 4.0 Market Outlook, By Functional Part Manufacturing (2022-2030) ($MN)         
36 Global Industry 4.0 Market Outlook, By Blockchain (2022-2030) ($MN)         
37 Global Industry 4.0 Market Outlook, By Real-Time Workforce Tracking and Management (2022-2030) ($MN)         
38 Global Industry 4.0 Market Outlook, By Quality Control and Compliance (2022-2030) ($MN)         
39 Global Industry 4.0 Market Outlook, By Predictive Maintenance (2022-2030) ($MN)         
40 Global Industry 4.0 Market Outlook, By Logistics and Supply Chain Management (2022-2030) ($MN)         
41 Global Industry 4.0 Market Outlook, By Counterfeit Management (2022-2030) ($MN)         
42 Global Industry 4.0 Market Outlook, By Business Process Optimization (2022-2030) ($MN)         
43 Global Industry 4.0 Market Outlook, By Asset Tracking and Management (2022-2030) ($MN)         
44 Global Industry 4.0 Market Outlook, By Artificial Intelligence (2022-2030) ($MN)         
45 Global Industry 4.0 Market Outlook, By Artificial Intelligence Offering (2022-2030) ($MN)         
46 Global Industry 4.0 Market Outlook, By Artificial Intelligence Application (2022-2030) ($MN)         
47 Global Industry 4.0 Market Outlook, By Reclamation (2022-2030) ($MN)         
48 Global Industry 4.0 Market Outlook, By Quality Control (2022-2030) ($MN)         
49 Global Industry 4.0 Market Outlook, By Production Planning (2022-2030) ($MN)         
50 Global Industry 4.0 Market Outlook, By Predictive Maintenance & Machinery Inspection (2022-2030) ($MN)         
51 Global Industry 4.0 Market Outlook, By Material Movement (2022-2030) ($MN)         
52 Global Industry 4.0 Market Outlook, By Field Services (2022-2030) ($MN)         
53 Global Industry 4.0 Market Outlook, By Digital Twin (2022-2030) ($MN)         
54 Global Industry 4.0 Market Outlook, By System Digital Twin (2022-2030) ($MN)         
55 Global Industry 4.0 Market Outlook, By Product Digital Twin (2022-2030) ($MN)         
56 Global Industry 4.0 Market Outlook, By Process Digital Twin (2022-2030) ($MN)         
57 Global Industry 4.0 Market Outlook, By Augmented Reality & Virtual Reality (2022-2030) ($MN)         
58 Global Industry 4.0 Market Outlook, By Sensors (2022-2030) ($MN)         
59 Global Industry 4.0 Market Outlook, By Magnetometer (2022-2030) ($MN)         
60 Global Industry 4.0 Market Outlook, By Gyroscope (2022-2030) ($MN)         
61 Global Industry 4.0 Market Outlook, By Accelerometer (2022-2030) ($MN)         
62 Global Industry 4.0 Market Outlook, By Projectors (2022-2030) ($MN)         
63 Global Industry 4.0 Market Outlook, By Cameras (2022-2030) ($MN)         
64 Global Industry 4.0 Market Outlook, By Industrial Metrology (2022-2030) ($MN)         
65 Global Industry 4.0 Market Outlook, By Industrial Metrology Offering (2022-2030) ($MN)         
66 Global Industry 4.0 Market Outlook, By Optical Digitizers & Scanners (ODS) (2022-2030) ($MN)         
67 Global Industry 4.0 Market Outlook, By Laser Scanner (2022-2030) ($MN)         
68 Global Industry 4.0 Market Outlook, By Laser Tracker (2022-2030) ($MN)         
69 Global Industry 4.0 Market Outlook, By Coordinate Measuring Machine (CMM) (2022-2030) ($MN)         
70 Global Industry 4.0 Market Outlook, By Industrial Metrology Application (2022-2030) ($MN)         
71 Global Industry 4.0 Market Outlook, By Reverse Engineering (2022-2030) ($MN)         
72 Global Industry 4.0 Market Outlook, By Quality Control & Inspection (2022-2030) ($MN)         
73 Global Industry 4.0 Market Outlook, By Mapping & Modeling (2022-2030) ($MN)         
74 Global Industry 4.0 Market Outlook, By Smart Factory (2022-2030) ($MN)         
75 Global Industry 4.0 Market Outlook, By Simulation (2022-2030) ($MN)         
76 Global Industry 4.0 Market Outlook, By Machine Learning (2022-2030) ($MN)         
77 Global Industry 4.0 Market Outlook, By Location Detection Technology (2022-2030) ($MN)         
78 Global Industry 4.0 Market Outlook, By Industrial Automation (2022-2030) ($MN)         
79 Global Industry 4.0 Market Outlook, By Horizontal and Vertical System Integration (2022-2030) ($MN)         
80 Global Industry 4.0 Market Outlook, By Cybersecurity & Cloud Computing (2022-2030) ($MN)         
81 Global Industry 4.0 Market Outlook, By Big Data and Analytics (2022-2030) ($MN)         
82 Global Industry 4.0 Market Outlook, By Advanced Human Machine Interface (HMI) (2022-2030) ($MN)         
83 Global Industry 4.0 Market Outlook, By Component (2022-2030) ($MN)         
84 Global Industry 4.0 Market Outlook, By Networking Components (Gateway & Routers) (2022-2030) ($MN)         
85 Global Industry 4.0 Market Outlook, By Processors (2022-2030) ($MN)         
86 Global Industry 4.0 Market Outlook, By Battery Management (2022-2030) ($MN)         
87 Global Industry 4.0 Market Outlook, By Energy Harvesting Modules (2022-2030) ($MN)         
88 Global Industry 4.0 Market Outlook, By Photovoltaic Panels (2022-2030) ($MN)         
89 Global Industry 4.0 Market Outlook, By Power Supply (2022-2030) ($MN)         
90 Global Industry 4.0 Market Outlook, By Thermoelectric Sources (2022-2030) ($MN)         
91 Global Industry 4.0 Market Outlook, By Thin Film and Printed Batteries (2022-2030) ($MN)         
92 Global Industry 4.0 Market Outlook, By Memory (2022-2030) ($MN)         
93 Global Industry 4.0 Market Outlook, By NOR Flash (2022-2030) ($MN)         
94 Global Industry 4.0 Market Outlook, By NAND Flash (2022-2030) ($MN)         
95 Global Industry 4.0 Market Outlook, By Multichip Packages (2022-2030) ($MN)         
96 Global Industry 4.0 Market Outlook, By Memory Cards (2022-2030) ($MN)         
97 Global Industry 4.0 Market Outlook, By Industrial Solid State Drives (SSDs) (2022-2030) ($MN)         
98 Global Industry 4.0 Market Outlook, By Dynamic Random Access Memory (DRAM) (2022-2030) ($MN)         
99 Global Industry 4.0 Market Outlook, By Device and Equipment (2022-2030) ($MN)         
100 Global Industry 4.0 Market Outlook, By Handheld Scanners (2022-2030) ($MN)         
101 Global Industry 4.0 Market Outlook, By Tracking Devices (2022-2030) ($MN)         
102 Global Industry 4.0 Market Outlook, By Radio Frequency Identification (RFID) (2022-2030) ($MN)         
103 Global Industry 4.0 Market Outlook, By Control Systems (2022-2030) ($MN)         
104 Global Industry 4.0 Market Outlook, By Yield Monitors (2022-2030) ($MN)         
105 Global Industry 4.0 Market Outlook, By Robotics & Drones (2022-2030) ($MN)         
106 Global Industry 4.0 Market Outlook, By Actuators (2022-2030) ($MN)         
107 Global Industry 4.0 Market Outlook, By Vibration (2022-2030) ($MN)         
108 Global Industry 4.0 Market Outlook, By Position (2022-2030) ($MN)         
109 Global Industry 4.0 Market Outlook, By Temperature (2022-2030) ($MN)         
110 Global Industry 4.0 Market Outlook, By Pressure (2022-2030) ($MN)         
111 Global Industry 4.0 Market Outlook, By Heat (2022-2030) ($MN)         
112 Global Industry 4.0 Market Outlook, By Display & Monitors (2022-2030) ($MN)         
113 Global Industry 4.0 Market Outlook, By Connectivity (2022-2030) ($MN)         
114 Global Industry 4.0 Market Outlook, By Wireless Technologies (2022-2030) ($MN)         
115 Global Industry 4.0 Market Outlook, By Wi-Fi ( Wireless Fidelity) (2022-2030) ($MN)         
116 Global Industry 4.0 Market Outlook, By Message Queuing Telemetry Transport (MQTT) (2022-2030) ($MN)         
117 Global Industry 4.0 Market Outlook, By LoRaWAN (Low Power Wide Area Network) (2022-2030) ($MN)         
118 Global Industry 4.0 Market Outlook, By GHz (Gigahertz) (2022-2030) ($MN)         
119 Global Industry 4.0 Market Outlook, By Bluetooth Low Energy (BLE) (2022-2030) ($MN)         
120 Global Industry 4.0 Market Outlook, By Wired Technologies (2022-2030) ($MN)         
121 Global Industry 4.0 Market Outlook, By ETHERNET (2022-2030) ($MN)         
122 Global Industry 4.0 Market Outlook, By Modbus (2022-2030) ($MN)         
123 Global Industry 4.0 Market Outlook, By PROFINET (2022-2030) ($MN)         
124 Global Industry 4.0 Market Outlook, By Cellular Technologies (2022-2030) ($MN)         
125 Global Industry 4.0 Market Outlook, By Platform (2022-2030) ($MN)         
126 Global Industry 4.0 Market Outlook, By Cloud (2022-2030) ($MN)         
127 Global Industry 4.0 Market Outlook, By Hybrid (2022-2030) ($MN)         
128 Global Industry 4.0 Market Outlook, By On-Premise (2022-2030) ($MN)         
129 Global Industry 4.0 Market Outlook, By End User (2022-2030) ($MN)         
130 Global Industry 4.0 Market Outlook, By Transportation (2022-2030) ($MN)         
131 Global Industry 4.0 Market Outlook, By Pharmaceuticals & Cosmetics (2022-2030) ($MN)         
132 Global Industry 4.0 Market Outlook, By Oil & Gas (2022-2030) ($MN)         
133 Global Industry 4.0 Market Outlook, By Manufacturing (2022-2030) ($MN)         
134 Global Industry 4.0 Market Outlook, By Logistics (2022-2030) ($MN)         
135 Global Industry 4.0 Market Outlook, By Home & Commercial (2022-2030) ($MN)         
136 Global Industry 4.0 Market Outlook, By Foundry (2022-2030) ($MN)         
137 Global Industry 4.0 Market Outlook, By Food & Beverages (2022-2030) ($MN)         
138 Global Industry 4.0 Market Outlook, By Energy & Power (2022-2030) ($MN)         
139 Global Industry 4.0 Market Outlook, By Automotive (2022-2030) ($MN)         
140 Global Industry 4.0 Market Outlook, By Agriculture (2022-2030) ($MN)         
141 Global Industry 4.0 Market Outlook, By Aerospace & Defense (2022-2030) ($MN)         
142 Global Industry 4.0 Market Outlook, By Chemicals (2022-2030) ($MN)         
143 Global Industry 4.0 Market Outlook, By Construction (2022-2030) ($MN)         
144 Global Industry 4.0 Market Outlook, By Consumer Goods (2022-2030) ($MN)         
145 Global Industry 4.0 Market Outlook, By Electronics & Semiconductor (2022-2030) ($MN)         
146 Global Industry 4.0 Market Outlook, By Healthcare (2022-2030) ($MN)         
          
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.          

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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