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Industry 4.0 Market Trends

Report ID: GMI6808
Published Date: Jul 2024
Report Format: PDF

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Industry 4.0 Market Trends

Additive manufacturing, also known as 3D printing, is an emerging trend in the industry 4.0 industry, which is attracting rising investments. This technology enables on-demand, cost-effective production of complex & customized components, aligning with Industry 4.0's focus on flexibility and efficiency. As companies invest more in 3D printing capabilities, they can reduce lead times, minimize wastes, and enhance the product design. This trend accelerates the adoption of Industry 4.0 principles while fostering innovations and competitiveness in manufacturing industries.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of industry 4.0 was worth more than USD 114.3 billion in 2023 and is anticipated to register over 20% CAGR between 2024 and 2032, backed by the increasing adoption of automated equipment and tools.

The manufacturing segment held around 20% market share in 2022 and is expected to experience robust growth by 2032, as the manufacturing industries are increasingly adopting advanced technologies.

North America led the global Industry 4.0 market with a share of over 30% in 2022 and will grow substantially through 2032, as region has a robust technological infrastructure and a strong focus on innovation, making it conducive to the adoption of Industry 4.0 technologies.

Siemens AG, General Electric Company, Cisco Systems Inc., Honeywell International Inc., Robert Bosch GmbH, Schneider Electric, and Oracle Corporation.