Press release
Asia Industry 4.0 Market Projections Highlighting Primary Trends until 2026-Mitsubishi Electric, Omron Corporation, Yokogawa Electric Corporation
Asia Industry 4.0 Market by Component, Application, Services, and Region- Forecast to 2026The Global Asia Industry 4.0 Market Research Report 2021-2026 published by MarketInsightsReports is a significant source of keen information for business specialists. It furnishes the Asia Industry 4.0 business outline with development investigation and historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the Asia Industry 4.0 worth chain and its wholesaler examination. Asia Industry 4.0 Market study gives extensive information which upgrades the agreement, degree, and use of this report.
The Asian industry 4.0 market was valued at USD 20.19 billion in 2020 and expected to reach USD 71.59 billion by 2026 and grow at a CAGR of 23.41% over the forecast period (2021 - 2026).
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Top Leading Companies of Asia Industry 4.0 Market are Mitsubishi Electric, Omron Corporation, Yokogawa Electric Corporation, Fanuc Corporation, Yaskawa Electric Corporation, Robert Bosch GmbH, General Electric Company, ABB Ltd, Cisco Systems Inc., Intel Corporation, IBM Corporation, Denso Corporation, and others.
Industry News And Updates on Asia Industry 4.0 Market-
Japan Expected to Hold a Significant Share
- In Asia-Pacific, Japan has been at the forefront of transforming into an automated industrial economy, and the country is adopting industry 4.0 faster. The country has emerged as a manufacturing hub for factory automation products and supplies it to other regional markets in the Asia-Pacific region.
- Presence of multiple automobile manufacturers, electronic product manufacturing industry, food processing industry makes Japan an important market in this region. Japan, with its highly-developed robotic sector and automation technologies, can be regarded as one of the global leaders in the employment of robotics and automation in the production processes.
Key Market Trends Asia Industry 4.0 Market-
Manufacturing Industry Expected to Hold a Significant Share
- The manufacturing industry is one of the most significant contributors to the economy of Asia-Pacific and is currently undergoing a rapid digital transformation. Low-end global manufacturing firms are increasingly moving their operations to Southeast Asia to cut costs due to inexpensive workforce availability.
- Industrial IoT (IIoT) is being adopted significantly in the region in the manufacturing industry. As per the CIC estimates, IIoT in China was approximately CNY 115.7 billion in 2014, which accounted for roughly an 18% share of the global IIoT, and is expected to reach CNY 150 billion by 2020. Further, computer and network technologies, such as cloud computing and mobile computing, are also being implemented in these systems, which is expected to boost the adoption of industry 4.0 in the country.
Competitive Landscape On Asia Industry 4.0 Market-
November 2019 - Rockwell Automation teamed up with Accentures Industry X.0 to develop a digital offering to help industrial clients move beyond existing manufacturing solutions to transform their entire connected enterprise. The collaboration is designed to capitalize on the expertise of both companies to deliver new capabilities for greater industrial supply chain optimization.
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Reasons for purchasing this Report-
-The report takes a 360-degree approach to ensure that the niche and emerging aspects are also factored Asia Industry 4.0 in to ultimately get accurate results.
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-Customer Satisfaction: Our team of research analysts will accommodate all your Asia Industry 4.0 research needs and customize the report accordingly.
-Long-standing experience: Our team of analysts will offer elaborate and accurate insights pertaining to the Asia Industry 4.0 Market
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and Chinese and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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