Industry 4.0 Market 2021 Trending Technologies, Innovations, New Developments, Key Players And End-Use Industry: ABB, Siemens, Schneider Electric, Rockwell, Honeywell, and Robert Bosch, among others

The “Industry 4.0 Market” report is an in-depth study of the market, along with an analysis of its key segments. The relationship is built through extensive primary and secondary research. In-depth market data is generated through interviews and data collection from industry experts and professionals. The study is a detailed document on key aspects of the markets including trends, segmentation, growth prospects, opportunities, challenges, and competitive analysis.

Industry 4.0 Market is expected to register a CAGR of approximately 20% during the forecast period (2020 - 2025).

The report is updated with the impact of the currently ongoing COVID-19 pandemic. The pandemic has dynamically affected key market segments and changed the growth pattern and demands in the Industry 4.0 market. The report covers an in-depth analysis of these changes and provides an accurate estimate of the market growth forecast after the impact of the pandemic.

The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Industry 4.0 Market: ABB, Siemens, Schneider Electric, Rockwell, Honeywell, and Robert Bosch, among others

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Industry News and Developments:

- January 2020 - The BMW Group plant in Regensburg, Germany, uses technologies like robotics, 3D printing, and smart data analytics, which enabled them to cut the time needed to deploy new applications by 80% and reduce quality issues by 5%.

- November 2019 - Schneider Electric launched its Smart Factory in Bengaluru, which is the second smart factory facility by Schneider Electric in India. The two Smart Factories located in India reinforce the companys contribution to the Indian governments Make in India program, which is designed to facilitate investment, foster innovation, enhance skills development and build best-in-class manufacturing infrastructure in the country.

Key Market Trends

Industrial Robots are Expected to Witness Maximum Adoption

- Industrial robots play a vital role in the digitalization of manufacturing, as it aids in the creation of a virtual and connected ecosystem. Furthermore, it collects data associated with equipment, which is used to enhance the efficiency and scheduling. It also helps in predicting and mitigating any unforeseen error.

- For more organizations, using Industry 4.0 technologies, like robotization, is a part of day-to-day operations. For instance, project and office furniture manufacturer Vepa uses robotization in its warehouse, helping it to double the turnover. It is expected that there would be increased use of collaborative robots in manufacturing.

- According to the International Federation of Robotics, the market for collaborative robots is expected to reach USD 12.3 billion by 2025. Intelligent robots work alongside workers and can be programmed by most factory workers to take on the most routine, tedious tasks, and deliver with accuracy.

- Collaborative robots have become increasingly used in the manufacturing industry, as they are easy to train, and are making workplace environments safer for humans, by taking their place in potentially dangerous situations. According to IFR, the operational stock of industrial robots is expected to reach 3,788 (in thousand units) by 2021 from 2,408 (in thousand units) in 2018.

- Owing to such positive trends in the market, the vendors are entering into strategic partnerships and collaborations to enhance their market presence globally. For instance, in February 2020, AHS (Advanced Handling Systems), a full-service provider of integrated fulfillment, distribution, and robotic solutions, partnered with Mobile Industrial Robots, an autonomous industrial mobile robotic supplier based in Denmark as a Certified Systems Integrator.

For a comprehensive understanding of market dynamics, the global Industry 4.0 market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India, and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

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Influence of the Industry 4.0 market report:

-Comprehensive assessment of all opportunities and risks in the Industry 4.0 market.

–Industry 4.0 market recent innovations and major events.

-Detailed study of business strategies for growth of the Industry 4.0 market-leading players.

-Conclusive study about the growth plot of Industry 4.0 market for forthcoming years.

-In-depth understanding of Industry 4.0 market-particular drivers, constraints, and major micro markets.

-Favourable impression inside vital technological and market latest trends striking the Industry 4.0 market.

What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Industry 4.0 Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

We also offer customization on reports based on specific client requirement:

1- Free country level analysis for any 5 countries of your choice.
2- Free competitive analysis of any 5 key market players.
3- Free 40 analyst hours to cover any other data points

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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 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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