Press release
Asia Industry 4.0 Market 2021 Highlights Recent Trends, Market Growth, Business Opportunities till 2026
The Asia Industry 4.0 Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Asia Industry 4.0 market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Asia Industry 4.0 market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Asia Industry 4.0 market.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:
- November 2019 - Rockwell Automation teamed up with Accenture’s 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.
Key Market Trends:
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.
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.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Asia Industry 4.0 Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Asia Industry 4.0 Market (%),2016 - 2026
- Asia Industry 4.0 Market Share, By Brand
- Asia Industry 4.0 Market Share, By Company
- Asia Industry 4.0 Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Asia Industry 4.0 Market Value Analysis & Forecast
- Promising Asia Industry 4.0 Development by Major Companies
- Detailed Asia Industry 4.0 Portfolio of the Major Companies
- Major Deals in the Asia Industry 4.0 Market
- Major Companies Analysis
Browse Full Report at:
https://www.marketinsightsreports.com/reports/02082593217/asia-industry-4-0-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
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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