Global Industry 4.0 Industry

Global Industry 4.0 Industry

  • July 2020 •
  • 115 pages •
  • Report ID: 5798876 •
  • Format: PDF
Global Industry 4.0 Market to Reach $247.7 Billion by 2027

Amid the COVID-19 crisis, the global market for Industry 4.0 estimated at US$98.3 Billion in the year 2020, is projected to reach a revised size of US$247.7 Billion by 2027, growing at a CAGR of 14.1% over the analysis period 2020-2027. Industrial Robotics, one of the segments analyzed in the report, is projected to record a 13.8% CAGR and reach US$71.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cyber Security segment is readjusted to a revised 13% CAGR for the next 7-year period.

The U.S. Market is Estimated at $29 Billion, While China is Forecast to Grow at 13.6% CAGR

The Industry 4.0 market in the U.S. is estimated at US$29 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$43.2 Billion by the year 2027 trailing a CAGR of 13.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.4% and 12.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.4% CAGR.

Internet of Things Segment to Record 16% CAGR

In the global Internet of Things segment, USA, Canada, Japan, China and Europe will drive the 15.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$11.5 Billion in the year 2020 will reach a projected size of US$32 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$29.6 Billion by the year 2027.We bring years of research experience to this 5th edition of our report. The 115-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,
  • 3D Systems, Inc.
  • ABB Group
  • Alphabet, Inc.
  • Arcadia Data, Inc.
  • Cisco Systems, Inc.
  • Denso Corporation
  • General Electric Company
  • General Vision
  • Hewlett Packard Enterprise Development LP (HPE)
  • IBM Corporation
  • Intel Corporation
  • MAXST Co., Ltd.
  • Microsoft Corporation
  • Mitsubishi Electric Corporation
  • NGRAIN Corporation
  • Qualcomm, Inc.
  • Rethink Robotics, Inc.
  • Rockwell Automation, Inc.
  • Samsung Electronics Co., Ltd.
  • Siemens AG
  • Stratasys Ltd.
  • Texas Instruments, Inc.
  • XJet Ltd.