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Industry 5.0 Market Share

Report ID: GMI8756
Published Date: Mar 2024
Report Format: PDF

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Industry 5.0 Market Share

Honeywell International Inc. is a global conglomerate known for its extensive portfolio of technology solutions across various industries, including manufacturing, aerospace, energy, and healthcare. In the context of the industry 5.0 industry, which represents the integration of human-centric approaches with advanced automation and digital technologies, Honeywell plays a significant role in driving innovation and facilitating the transition towards more interconnected and collaborative industrial ecosystems.

ABB Ltd. is a global technology company that operates in multiple sectors, including industrial automation, electrification, robotics, and digitalization. In industry 5.0 industry, ABB plays a significant role in shaping the future of manufacturing by providing innovative solutions that bridge the gap bet ween humans and machines.

Industry 5.0 Market Companies

Major players operating in the market are:

Honeywell International Inc.
Stratasys
ABB Ltd.
Rockwell Automation
3D System
Ericsson Electric Co
Nexus Integra

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Market size for industry 5.0 crossed USD 51.5 billion in 2023 and is expected to register over 31.5% CAGR from 2024-2032 owing to the proliferation of IoT devices and sensors in the manufacturing field worldwide.

Industry 5.0 market from the digital twin segment is expected to register over 34% CAGR from 2024-2032 due to its ability to bridge the gap between the physical and digital worlds, enable predictive and proactive decision-making, and optimize production processes.

Asia Pacific market is expected to register over 32% CAGR from 2024-2032 due to businesses in the region continuing to prioritize agility, flexibility, and technological advancement to stay competitive in the global landscape.

Honeywell International Inc., Stratasys, ABB Ltd., Rockwell Automation, 3D System, Ericsson Electric Co, and Nexus Integra, are some of the major industry 5.0 companies worldwide.