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At 14+% CAGR, Industry 4.0 Market Potentially Worth $152.31 Billion by 2022 Led by Industrial Robotics Technology
PUNE, India, May 28, 2017 /PRNewswire-iReach/ -- The Industry 4.0 market in APAC is expected to grow at the highest rate during the forecast period. APAC is expected to grow at the fastest rate, considering the continuous technological advancements and financial support from governments. Government initiatives, funding in R&D, and extensive industrial base are the major factors that make Asia Pacific a dynamic region for Industry 4.0 with Japan and China being the major contributors. Complete report on "Industry 4.0 Market" spread across 224 pages, profiling 17 companies and supported with 64 tables and 70 figures is now available at http://www.rnrmarketresearch.com/industry-40-market-by-technology-industrial-robotics-cyber-security-internet-of-things-3d-printing-advanced-human-machine-interface-big-data-augmented-reality-virtual-reality-artificial-intelligence-ver-st-to-2022-market-report.html .
The Market for automotive vertical for Industry 4.0 market was the largest in 2016. Industry 4.0 in the automotive sector has several advantages such as self-monitoring capabilities, network flexibility, capacity for customizations, and an agile supply chain. Industry 4.0-enabled plants will have robust monitoring systems to identify potential maintenance issues. Industry 4.0 gives auto manufacturers the option to customize individual vehicles, and shorten the delivery time for these vehicles. The implementation of technologies such as IoT, industrial robotics, and cyber security has made this sector to have the largest market share.
The artificial intelligence technology expected to grow at the highest rate during the forecast period. Artificial Intelligence (AI) constitutes various technologies, which are vital in developing the ecosystem. AsAI enables machines to perform activities as that of human beings; it has opened up enormous opportunities in the Industry 4.0 market. NVIDIA Inc. (US) and FANUC Corporation (Japan) have entered into a collaboration to implement AI on the FANUC Intelligent Edge Link and Drive (FIELD) system to increase robotics productivity and bring new capabilities to automated factories worldwide. Adding AI to the FIELD system will give robots the ability to teach themselves to do tasks faster and more efficiently.
The Industry 4.0 market is expected to grow at a CAGR of 14.72% between 2017 and 2022. The market for industrial equipment vertical is expected to be valued at $22.79 billion by 2022, growing at the highest CAGR of 18.45% during the forecast period. In April 2017, Tesla received a huge shipment of robots for its production line at its Fremont factory, Kuka AG (Germany).
This research study is obliging for following audience:
- Semiconductor component manufacturers and distributors
- Industrial automation equipment providers
- Networking component providers
- Companies providing wired and wireless connectivity services
- Software platform providers
- Data analytics and cloud computing solution providers
- Original equipment manufacturers (OEMs)
- Research organizations and consulting companies
- Government bodies such as regulating authorities and policy-makers
- Venture capitalists and private equity firms
- Associations, organizations, and alliances related to Industry 4.0
- End users of Industry 4.0 solutions across various industries such as automotive, aerospace, industrial equipment, electrical & electronics equipment, food & agriculture, chemicals & materials, healthcare, oil & gas, and energy & power among others
The major players in the Industry 4.0 market are General Electric Company (US), International Business Machines Corporation (US), Cisco Systems (US), Microsoft Corporation (US), Stratasys Ltd. (US), Alphabet Inc. (US), ABB Ltd. (Switzerland), Mitsubishi Electric Corporation (Japan), Intel Corporation (US), Hewlett-Packard Enterprise Company (US), Siemens AG (Germany), Qualcomm Inc. (US), Samsung Electronics Co. Ltd. (South Korea), Texas Instruments Inc. (US), Rockwell Automation Inc. (US), 3D Systems Corporation (US), Cognex Corporation (US), Basler AG (Germany), and Denso Group (Japan). Download PDF Brochure "Industry 4.0 Market by Technology (Industrial Robotics, Cyber Security, Internet of Things, 3D Printing, Advanced Human-Machine Interface, Big Data, Augmented Reality & Virtual Reality, Artificial Intelligence), Vertical, Region - Global Forecast to 2022" research report at http://www.rnrmarketresearch.com/contacts/request-sample?rname=1017667 .
In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (55%), Tier 2 (30%) and Tier 3 (15%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (55%), Manager Level (35%) and others (Sales, Marketing, and Product Managers) (10%) from various key organizations operating in the Industry 4.0 market. The primary interviews were conducted worldwide covering regions such as North America (43%), Europe (29%), Asia-Pacific (14%) and RoW (14%).
Research Coverage: The Industry 4.0 market has been segmented on the basis of technology, vertical, and region. The market, based on technology, has been segmented into industrial robotics, cyber security, Internet of Things, 3D printing, advanced Human Machine Interface, big data, augmented reality & virtual reality, and artificial intelligence.
On a related note, another research titled Top Robotics Market Global Forecast to 2022 says, the industrial robotics segment of top robotics market is expected to grow at a CAGR of 11.92% between 2016 and 2022 to reach $79.58 billion by 2022. The service robotics segment of top robotics market is expected to grow at a CAGR of 15.18% between 2016 and 2022 to reach $23.90 billion by 2022. Companies such as ABB Ltd. (Switzerland), KUKA AG (Germany), Mitsubishi Electric Corp. (Japan), Nachi-Fujikoshi Corp. (Japan), FANUC Corp. (Japan), Kawasaki Heavy Industries Ltd. (Japan), and Yaskawa Electric Corp. (Japan), Northrop Grumman Corporation (U.S.), iRobot Corporation (U.S.), DJI (China), Intuitive Surgical, Inc. (U.S.), Parrot SA (France), Honda Motor Co., Ltd. (Japan), Adept Technology, Inc. (U.S.), Aethon Inc. (U.S.), DeLaval International AB (Sweden), Lely Holding S.a.r.l. (Netherlands), and The LEGO Group (Denmark) have been profiled in this 134 pages research report available at http://www.rnrmarketresearch.com/top-robotics-market-by-industrial-robotics-articulated-scara-cylindrical-parallel-cartesian-service-robotics-logistics-domestic-medical-field-defense-rescue-and-security-entertainment-education-and-p-st-to-2022-market-report.html .
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