Global Industry 4.0 Market to Register Lucrative Growth Over 2018 to 2026: Zion Market Research

With the presence of a large pool of participants, the global industry 4.0 market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR).


New York, NY, Sept. 21, 2018 (GLOBE NEWSWIRE) -- With the presence of a large pool of participants, the global industry 4.0 market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). International Business Machines Corporation, Microsoft Corporation, Alphabet Inc., Mitsubishi Electric Corporation, Hewlett-Packard Enterprise Company, Qualcomm Inc., Texas Instruments Inc., 3D Systems Corporation, Basler AG, General Electric Company, Cisco Systems, ABB Ltd., Intel Corporation, Siemens AG, and Denso Group are some of the key vendors of industry 4.0 across the world. These players across industry 4.0 market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the industry 4.0 market study.

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Citing an instance, in September 2018, Cefla introduced a new suite of digital tools that are expected to aid the implementation of industry 4.0. In another event that can boost the industry 4.0 market, recently, Supfina digitized its surface finishing systems and introduced Supfina Quick Support – a new future-oriented digitization initiative.

Inception of new technologies such as AI, advanced robotics, additive manufacturing, digital processes, IoT, and cloud computing has revolutionized the industry, thereby leading to the new era of fourth industrial revolution referred as industry 4.0.

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Launching Of Innovative Technologies To Drive Industry 4.0 Market

“Massive popularity of smart factories, digitization of services, integration & digitization of horizontal and vertical value chains, and increased flexibility in the production will spur the growth of industry 4.0 market in the years to come,” says the author of this study. Apart from this, industry 4.0 market is likely to gain traction in the years ahead with optimum benefits such as end-to-end transparency in the manufacturing processes, flexibility to deliver last-minute changes in engineering processes,  and optimized  business decision making ability offered by it. In addition, massive application of new technologies in startups and small & medium enterprises is projected to generate lucrative avenues for industry 4.0 market in the near future.

Wide Applications Of Industry 4.0 To Help Asia Pacific Maintain Dominance

Regionally, Asia Pacific has been leading the worldwide industry 4.0 market and is anticipated to continue on the dominant position in the years to come, states the industry 4.0 market study. A plethora of applications of industry 4.0 in countries such as China and Japan are the main factor behind the dominance of the Asia Pacific industry 4.0 market. The high number of market players being headquartered in Asia Pacific is another significant factor that is supporting this regional industry 4.0 market.           

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In addition, acceptance of robotics in the countries such as South Korea, Japan, and China is projected to intensify the demand for industry 4.0 in the region. Furthermore, government initiatives such as Make in China and Make in India are likely to support the growth of industry 4.0 market in Asia Pacific region. Industrial value chain initiatives taken by the Japanese government along with policies for building smart factories are likely to create lucrative opportunities for growth of industry 4.0 market in the ensuing years.

This review is based on a report by Zion Market Research, titled Industry 4.0 Market - Global Industry Perspective, Comprehensive Analysis and Forecast, 2018 – 2026.

The global industry 4.0 market is segmented as follows:

By Technology

  • Cyber security
  • 3D Printing
  • Big Data
  • Artificial Intelligence
  • Industrial Robotics
  • Internet of things
  • Advanced human-machine interface
  • Augmented reality & virtual reality

By Vertical

  • Aerospace
  • Electrical & electronics equipment,
  • Food & agriculture,
  • Energy & power,
  • Oil & gas, automotive,
  • Chemicals & materials,
  • Healthcare
  • Industrial equipment
  • Others (metal & mining, water & wastewater, textile & cloth, pharmaceutical, paper, pulp, & packaging, foundry & forging, and precision & optics)

By Region

  • North America
  • The U.S.
  • Europe
  • UK
  • France
  • Germany
  • Asia Pacific
  • China
  • Japan
  • India
  • Latin America
  • Brazil
  • Middle East and Africa

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