Press release
Industry 4.0 Technologies Market Size, Growth, Trends and Forecast 2023
Industry 4.0 has become an over-used term, with its origins as a strategic project for promoting manufacturing by the German government. Marketing and promotional concepts have applied the term to everything from the next Industrial Revolution to the revitalization and redefinition of national and global industry in manufacturing. The concept has also been portrayed as a mechanistic threat to factory workers and a precursor to the automated robotics-only factory of the future.
Industry 4.0 may contribute to all of these things, but it is essentially a set of principles that are executable through the advent of information technology. Initiated more than five years ago, Industry 4.0 principles continue to remain valid today. Empowered by technologies, manufacturers can attain the interoperability, information transparency, technical automation and decentralized decision-making included within Industry 4.0.
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The technologies underlying these principles include the fusion of IT in the form of cognitive computing, cloud computing and the Industrial Internet of Things to enable cyber-physical systems. Cyber-physical systems provide the autonomy and the analytics of IT systems delivered across a decentralized network and applied to physical processes.
Multinational manufacturers with global footprints are combining with regional and local initiatives to drive spending for Industry 4.0 initiatives across all facets of manufacturing. Globally these initiatives generated investments of $REDACTED billion in 2017, which will grow to nearly $REDACTED billion in 2018 and $REDACTED billion in 2023 at a compound annual growth rate (CAGR) of REDACTED%."
"Report Scope
The scope of this report will cover the overall Industry 4.0 technologies market, with market sizing and trend analysis for the most recently completed actuals for 2018, as well as forecasts, trends and compound annual growth rates (CAGRs) for 2018 through 2023.
The market is segmented into end-user, technology and regional segments. End-user segments include large enterprises, middle market firms and SMBs. Applications include discrete and process manufacturing.
Technologies covered include cyber-physical systems, the Internet of Things, cloud computing and cognitive computing.
Report Includes
- An overview of the global markets for industry 4.0 technologies
- Analyses of global market trends, with data from 2017, 2018, and projections of compound annual growth rates (CAGRs) through 2023.
- Market segmentation by end user, technology, and regional segments
- Descriptions of market trends, including key components and applications
- A detailed patent review and examination of new developments in the industry
- Analyses of market opportunities, including key suppliers' and manufacturers' positioning and strategy
- Profiles of major companies in the market, including Alps Electric Co. Ltd., Banner Engineering Corp., Comus International Bvba, Electro-Sensors Inc., Honeywell Sensing & Controls and Measurement Specialties Inc."
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Table of Contents
Chapter 1 Introduction
Introduction
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Information Sources
Methodology
Regional Breakdown
Analyst's Credentials
Related BCC Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Market and Technology Background
Industry 4.0 Principles and Technologies
Chapter 4 Market Breakdown by Technology
Cyber-Physical Systems
Industrial Internet of Things
Cloud Computing
Cognitive Computing
Chapter 5 Market Breakdown by End Use
Large Enterprise
Mid-size Firms
Small Businesses
Chapter 6 Market Breakdown by Application
Discrete Manufacturing
Aerospace
Automotive
Consumer Products
Electrical and Electronics
Textile and Clothing
Process Manufacturing
Chemical and Fuel Processing
Food Processing
Pharmaceuticals
Chapter 7 Market Breakdown by Region
North America
Europe
Asia-Pacific
Rest of World
Chapter 8 Analysis of Market Opportunities
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