Asia Industry 4.0 Market Growing Massively by 2021-2026 Major Players: Mitsubishi Electric, Omron Corporation, Yokogawa Electric Corporation, Fanuc Corporation

Market Insights Reports has added new statistical data to its repository titled as, Asia Industry 4.0 Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries. The Asia Industry 4.0 market report covers the post-COVID-19 impact on various regions and major countries and on the future development of the industry is pointed out.

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 Key Players in the Global 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 Update:

- 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.
- Furthermore, in India, the manufacturing industry has gradually emerged as one of the high-growth sectors. 'Make in India' program places India on the world map as a manufacturing hub and provides global recognition to the Indian economy. Also, India is poised to become the fifth-largest manufacturing country in the world by the end of 2020. Moreover, manufacturing giants, such as GE, Siemens, HTC, Toshiba, and Boeing, have either set up or are in the process of setting up manufacturing plants in India. These trends are expected to boost the adoption of industry 4.0 in their plants in the future.
- The trend is also augmented by the recent investment of more than JPY 30 billion by Mitsubishi to increase the output of its factory automation system products to meet growing demand. Further, the company also plans to establish a new plant near its existing facility in Aichi Prefecture and rebuilding an existing plant in Nagoya to bolster production capacity. Similar initiatives are expected to boost the adoption of Industry 4.0 technologies across the region's manufacturing industry.

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.

Full Browse the report description and TOC:

https://www.marketinsightsreports.com/reports/05202906922/asia-industry-4-0-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=A28            

This Global Asia Industry 4.0 Market report addresses:

– The Market size from 2016-2021

– Expected market growth until 2026

– Forecast of how market drivers, restraints, and future opportunities will affect

– Segment and regions that will drive or lead the market growth and why

– Comprehensive mapping of the competitive landscape

– In-depth analysis of key sustainability strategies adopted by market place.                              

Frequently Asked Questions about Global Asia Industry 4.0 market:

– What are the recent developments and government policies?
– Why might we forecast a downturn in a particular economy next year?
– Why do we say the currency is set to appreciate?
– What countries and sectors offer the highest potential?
– Where are the greatest dangers?              

We Also Offer Customization on report based on specific client Requirement:

– Free Country Level analysis for any 5 countries of your choice.

– Free Competitive analysis of any 5 key market players.

–  Free 40 analyst hours to cover any other data point

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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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