Garner Insights

Industry 4.0 Market 2018 - What Will Be the Growth of the Market by 2025

 

Pune, India -- (SBWIRE) -- 10/19/2018 -- Industry 4.0 Market Research Report 

The Industry 4.0 Market will reach $214B by 2023. The Industry 4.0 transformation will change long-held dynamics in commerce and global economic balance of power.

The Industry 4.0 competition is not only about technology or offering the best products, but also, about the companies that gather the best data and combine them to offer the best digital services. Those who know what the customer wants and can forecast consumer demand will provide the information to develop an unfair competitive advantage.

The global Industry 4.0 market report provides an in-depth analysis of the Industry 4.0 industry, analyzing the potential of the market and provides data and forecasts on the market structure, dynamics, and trends.

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In the next decades, businesses will establish global networks that incorporate their machinery, warehousing systems and production facilities in the shape of Cyber-Physical Systems (CPS). In the manufacturing environment, these cyber-physical systems comprise smart machines, storage systems and production facilities capable of autonomously exchanging information, triggering actions and controlling each other independently. These changes add to the traditional business pressure on manufacturers, but also offer unprecedented opportunities to optimize production processes.

This facilitates fundamental improvements to the industrial processes involved in manufacturing, engineering, material purchasing & usage, supply chain and lifecycle management predictive maintenance and real-time management overview. The smart factories that have already appeared across most industries employ a completely novel approach to production. Smart products are uniquely identifiable, they can be located at all times, know their own history, current status and alternative routes to achieving their target state.

The embedded manufacturing systems are vertically networked with business processes within factories and enterprises and horizontally connected to dispersed value networks that can be managed in real time from the moment an order is placed right through to outbound logistics. In addition, they both enable and require end-to-end engineering across the entire value chain.

End-to-end transparency is provided over the manufacturing process, facilitating optimized decision-making. Industry 4.0 will also result in new ways of creating value and novel business models. It will provide start-ups and SMEs with the opportunity to develop and provide downstream services.

Governments and the private sector of countries with high labor costs (e.g., EU countries and the U.S.A.) invest in Industry 4.0 to increase their industrial base which has been taken over by low labor cost countries (see figure below).  Low labor costs industries and their governments (e.g., China, India, and Cambodia) are reacting to this trend by investing in Industry 4.0 as well. To maintain their industrial base, governments across the globe, fund Industry 4.0 projects, R&D, provide subsidies and tax incentives to Industry 4.0 investors.

The report presents extensive information on 49 leading companies (including companies profile, Industry 4.0 activities & products, and recent events), namely:  3D Systems, ABB Ltd., Advantech, Aibrain, Alphabet, Arcadia Data, Arm Ltd., Beijer Electronics, Bosch, Cisco, CyberX, Dassault Syst?mes, DENSO, EOS, ExOne, General Electric, Honeywell Hewlett Packard, Huawei, IBM, Intel, Intelligent Automation, Interset Software, Kuka, Magic Leap, Microsoft, Mitsubishi Electric, NEC, NGRAIN, Oculus VR, Oracle, QUALCOMM, Rethink Robotics, Rockwell Automation Samsung, SAP, Sensory, Siemens, SIGFOX, Splunk, Sri International, Stratasys, Texas Instruments, TRUMPF, u-blox, Wittenstein, Worldsensing SL, Xerafy, Xjet

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What are the influencing factors that are mentioned in the report?

1. The scope of the report: This research report presents an extensive study of the market and comprises of significant insights, facts, previous data, and statistically-supported and industry-validated market facts and projections with an appropriate set of methodologies and assumptions. It provides analysis and data on the basis of market segments and sub-segments, regions, product type, and distribution channels.

2. Major Growth Prospects: The report also focuses on some of the key growth prospect, including new product launches, M&A, R&D, joint ventures, collaborations, agreements, partnerships, and growth of the key players functioning in the market, both in terms of regional and global scale.

3. Key Market Highlights: The report provides an in-depth analysis on some of the key factors, comprising revenue, cost, capacity, capacity utilization rate, production, production rate, consumption, import/export, supply/demand, gross, market share, CAGR, and gross margin. Additionally, the report presents a comprehensive study of the market growth factors and their latest trends, along with relevant market segments and sub-segments.

4. Competitive Landscape: The report displays potential growth opportunities over the forecast period, while also highlighting the market drivers, constraints, threats, challenges, competitive landscape, and other key aspects, such as the supply chain with regards to the global market. The report covers the qualitative aspects such as the value chain analysis, Porter's five forces analysis, SWOT analysis, and the technological roadmap for the global market.

In the end, This report is an assimilation of trustworthy and updated information, quantitative and qualitative evaluation by industry analysts, inputs from industry professionals and leading competitors across the industrial value chain. 

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