Asia Industry 4.0 Market Competitive Insights and Precise Outlook 2021- Mitsubishi Electric, Omron Corporation, Yokogawa Electric Corporation, Fanuc Corporation

The Industry 4.0 Market report provides the overall structure and business outlook of the Asia and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses, and regional growth of the leading competitors operating in the market on a Asia and local scale. The structured analysis contains graphical as well as a diagrammatic representation of the Asia Industry 4.0 Market with its specific geographical regions.

The Asia Industry 4.0 Market is expected to register a CAGR of approximately 24% during the forecast period (2020 - 2025).

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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

Market Overview

Digitization and Industry 4.0 revolution are acting as a catalyst for the growth of automation among manufacturing industries, by using smarter and automated solutions, such as robotics and control systems, that enhances the performance metrics of the production processes.

- Asia has been an early adopter of technological advancements, mentioned above. The market in these developing economies poses a key advantage in implementing industrial automation since they are not tormented by rebuilding legacy automation systems and machine investments._

- With IoT at the center of new technological approaches for development, production, and the entire logistics chain, it drove the country's adoption of industrial automation. For instance, according to the Chinese government, Industrial IoT (IIoT) is expected to grow, accounting for around USD 65 billion by 2020. These goals have been attributed by enabling companies to draw up medium and long-term strategic plans to embrace the advantages of Industry 4.0.

- The launch of Smart Advanced Manufacturing and Rapid Transformation Hub (SAMARTH) Udyog Bharat 4.0 by Department of Heavy Industry, Government of India under its scheme on Enhancement of Competitiveness in Indian Capital Goods Sector led the first step. And in February 2020, the Mahratta Chamber of Commerce, Industries and Agriculture (MCCIA) and QLEAP Academy reported that large manufacturing companies in Pune are actively deploying sensors, IoT, data analytics, AI and other technologies.

- However, amidst the COVID-19 outbreak and Asian countries experiencing Strict lockdowns, the developments concerning Industry 4.0 are expected to be impacted for the next couple of 6-8 months. Factory closures and shifts in investments are primary factors for the same. Multiple vendors of factory automation solutions have shut their facilities in the wake of curbing the spread of the virus.

News and Latest Developments

The competitive landscape of the Asia Industry 4.0 Market is fragmented owing to the presence of several regional players, like several Industrial Robots manufacturers, such as Mitsubishi, Yokogawa, and many more, in countries like Japan. Also, the steady growth of the manufacturing industry in developing economies like China and India, are also providing several growth prospects for the companies.

- 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.

KEY MARKET BENEFITS FOR STAKEHOLDERS

─The objective of report is to define, segment, and project the market on the basis of product type, application, and region, and to describe the content about the factors influencing market dynamics, policy, economic, technology and market entry etc.

─This report provides an in-depth analysis of the Asia Industry 4.0 market to identify the potential investment pockets.

─It outlines the current trends and future scenarios to determine the Industry 4.0 market potential and gain stronger market foothold.

─Key drivers, restraints, and opportunities and their detailed impact analysis are elucidated.

─Quantitative analysis of the Industry 4.0 industry from 2015 to 2025 is highlighted to recognize the financial competency of the market.

─Porter’s Five Forces model illustrates the threat of new entrants, threat of substitutes, and strength of the buyers & suppliers.

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