Press release
Industry 4.0 Market 2018 Global Leaders Overview: Daimler AG, Siemens AG, SAS, Wittenstein AG, Wittenstein AG, General Electric Company, TRUMPF GmbH
Market Scenario:
‘Industry 4.0’ stands for the fourth industrial revolution. The rise of new digital industrial technology is referred to Industry 4.0. Industry 4.0 is the grouping of numerous major innovations in digital technology. These technologies include advanced robotics and artificial intelligence; sensors; cloud computing; the Internet of Things; data capture and analytics; digital fabrication (3D printing); software-as-a-service and other new marketing models; smartphones and other mobile devices. Industry 4.0 refers to development of machines which would be using self-optimization, self-configuration and artificial intelligence to complete difficult tasks so as to deliver cost efficiencies and better quality goods or services.
Industry 4.0 includes data, computational power, connectivity, analytics and intelligence, human machine interaction and digital to physical conversion. The market gets digitized and integrates processes vertically across the entire organization, from product development and purchasing, through manufacturing, logistics and service. The factors contributing to the growth of the market are evolution of cloud computing technologies, technological advancements in electronics industry, implementation of smart factory concept & factory automation technologies and government initiatives by different countries.
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The major drivers for industry 4.0 are digitization and integration of vertical and horizontal value chains, digitization of product and service offerings, digital business models and customer access, Faster, Flexible and Efficient Production and Increasing popularity of smart factories. The study indicates that Cyber security risks is the major threat involved in Industry 4.0 market.
Key Players
The prominent players in the Industry 4.0 Market are – Bosch Rexroth AG (Germany), Maschinenfabrik Reinhausen GmbH (Germany), SAS (U.S.), Siemens AG (Germany), Wittenstein AG (Germany), General Electric Company (U.S.), Daimler AG (Germany), Klöckner & Co. SE (Germany), TRUMPF GmbH (Germany), Festo AG & Co. KG (Germany), Wittenstein AG (Germany) among others.
Global Industry 4.0 Market: Segmental Analysis
The global industry 4.0 market has been segmented on the basis of application, technology, end-users, and region.
By mode of technology, the global industry 4.0 market has been segmented into big data analytics, cloud computing, 3d printing, augmented reality, smart sensors, advanced human-machine interfaces, IoT platforms, mobile devices, location detection technology, and others.
By mode of application, the global industry 4.0 market has been segmented into smart factory, industrial automation, and industrial internet of things.
By mode of end-users, the global industry 4.0 market has been segmented into transportation, industrial manufacturing, mining & metals, pharmaceuticals, construction, chemical, food & beverages, electronics, aerospace & defense, oil & gas, automotive, and others.
Regional Insights
Geographically, the market for industry 4.0 spans across regions namely North America, Asia Pacific, Europe, and Rest-of-the-World.
Among all the regions, the European region is estimated to dominate the industry 4.0 market over the assessment period. Countries such as Germany and Japan are the farthest along in partnering across the horizontal value chain and digitizing internal operations due to high investment in employee training and technology. These regions view their digital transformation in terms of gain in cost reduction, operational efficiency, and quality assurance. Chinese companies are flexible and open to digital change. Additionally, Asia Pacific showcases the highest digital integration and highest digitization.
Industry News
The Philippines is taking steps toward the digitalization of the country’s enterprises and manufacturing sector by joining its neighbors in the region in entering the fourth industrial revolution. Data from the consultancy firm AT Kearney shows the Philippines is still at the planning phase in adopting Industry 4.0, in which technology gathers and analyzes factory data to allow manufacturers to identify machine problems that hamper production process.
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Intended Audience:
• Process Automation and Instrumentation Manufacturers
• Industrial Robot Manufacturers
• Semiconductor product designers and fabricators
• Automation product manufacturers
• Technology investors
• Hardware & software manufacturers
• MES (Manufacturing Execution System)
• MOM (Manufacturing Operations Management)
• System Integrators
• Government Organizations
• Research/Consultancy firms
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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