Market Research Future published a research report on “Industry 4.0 Market Research Report - Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
Pune, India -- (SBWIRE) -- 10/02/2018 -- Industry 4.0 Market – Overview
As robots and machines have started to replace their human counterparts functions, this has ushered in an age of the forth wave of industrialization i.e. 4.0 Industry. Market Research Future, a firm which specializes in market reports related to the semiconductor & electronics domain among others, recently published a study report on Industry 4.0 Market Research Report - Forecast 2022, according to which the industry is set to generate exceptional levels of revenue and will produce an incredible CAGR% during the forecast period.
The industry 4.0 market is gaining traction gradually which is driving the upward growth of this sector. Digitization of the manufacturing sector has started to transform the way businesses carry out their activities particularly their manufacturing functions. The tech that is in play here includes advanced robotics, sensors, internet of things, cloud computing and software as a service to name a few which are revolutionizing the way manufacturing activities are carried out. The vast benefits offered by industry 4.0 are promoting huge demand interest from adopters of this technology wave. Development of value chains are one of the major factors that are instrumental in driving the market ahead. Industry 4.0 is based on cyber physical systems such as sensors and IoT, advancements in big data, powerful analytics and a secure communications infrastructure.
The growth of cloud computing technology, factory automations, advancements in electronics industry and government initiatives and focus has weighed in favorably for the growth of the sector. The market though may be restrained by cyber threats that are widely prevalent, and slow pace of implementation. However, the sector is further benefitted by vertical & horizontal value chains, digitization of products, service offerings and business models will further supplement the popularity of the industry 4.0 market.
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The prominent players in the Industry 4.0 Market are – Bosch Rexroth AG (Germany), Maschinenfabrik Reinhausen GmbH (Germany), SAS (U.S.), Siemens AG (Germany), Wittenstein AG (Germany), General Electric Company (U.S.), Daimler AG (Germany), Klöckner & Co. SE (Germany), TRUMPF GmbH (Germany), Festo AG & Co. KG (Germany), Wittenstein AG (Germany) among others.
Industry 4.0 Market– Competitive Analysis
With the entry of industry players in the industry 4.0 segment, a trend of solid, volume-driven growth has been observed in the market with the development of different varieties of product types. With companies aiming to capture a considerable share of the market segment as early as possible, they are competing and experimenting with various advantage points. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies.
Industry 4.0 Market– Segments
The industry 4.0 sector has been segmented on the basis of technology, application, end user and regions:
- On The Basis Of Technology: Cloud Computing, IOT Platforms, Augmented Reality, Location Detection Technology, Advanced Human Machine Interfaces, Big Data Analytics, Smart Sensors, 3D Printing, Mobile Devices and Others
- On The Basis Of Application: Industrial Automation, Smart Factory and Industrial Internet of Things (IIOT)
- On The Basis Of End-User: Industrial Manufacturing, Oil & Gas, Construction, Aerospace & Defense, Electronics, Automotive, Transportation, Chemical, Pharmaceuticals, Mining & Metals, Food & Beverages and Others
- On The Basis Of Region: North America, Europe, Asia pacific, Latin America, Middle East & Africa
Worldwide Industry 4.0 Market – Regional Analysis:
North America and Europe regions would dominate the industry 4.0 market by the forecast period. However countries like in Japan and Germany are the farthest along in digitizing internal operations and partnering across the horizontal value chain owing to the high investments in technology and employee training. They view their digital transformation, primarily in terms of gains in operational efficiency, cost reduction and quality assurance. China is one of the countries that stand to gain the most from automating and digitizing labor-intensive manufacturing processes. In addition, Chinese companies are highly flexible and are open to digital change, and the Chinese workforce is embracing digital technologies. The study reveals that at present Asia Pacific companies report the highest digitization and digital integration levels.
Industry/ Innovations/ Related News
January 29, 2018 – Two Italian companies - Italtel, a leading telecommunications company in IT system integration, managed services, Network Functions Virtualization and Internet of Things solutions, and Rold Elettrotecnica, a leading household appliances component supplier, announced their partnership in the field of Industry 4.0.
The two companies have signed a Memorandum of Understanding that will see them work together to develop technological solutions and jointly launch innovation projects to improve industrial processes. These will be aimed at the Industry 4.0 market, both in Italy and across the world, through the creation of an ecosystem of partners.
January 11, 2018 – Announcing the vital acquisition of IoT ImpactLABS, the renowned Context Labs mentioned that the company will integrate IoT ImpactLABS expertise into its core blockchain-based offerings to accelerate the 'Supply Chain of Everything'.
January 04, 2018 – Bosch acquired 5 percent indirect ownership stake in HERE Technologies – seeing the possible synergies with data-based services for Industry 4.0, smart homes, and smart cities. The collaboration could happen in the Industry 4.0 domain, for example. One potential area of application is intralogistics. For example, high-definition indoor navigation maps could be used to automate and streamline flows of goods all the way to the production line.
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- Process Automation and Instrumentation Manufacturers
- Industrial Robot Manufacturers
- Semiconductor product designers and fabricators
- Automation product manufacturers
- Technology investors
- Hardware & software manufacturers
- MES (Manufacturing Execution System)
- MOM (Manufacturing Operations Management)
- System Integrators
- Government Organizations
- Research/Consultancy firms
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