In a recent published report, Kenneth Research has updated the market report for Industry 4.0 Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Industry 4.0 Market products.
In its database of market research reports, Kenneth Research has recently added a report on ‘Industry 4.0 Market’ that focuses on the key strategies developed by the key players operating in the market, along the growth factors, opportunities and the challenges associated with the growth of the market for the projected period of 2021 2025. The report also provides a full assessment of the micro- and macro-environmental factors by utilizing tools such as PESTEL and Porter’s five forces analysis to analyze the market growth. Additionally, the report consists of the numerical data in terms of value and volume, and also includes detailed analysis on the impact of COVID-19 on the Industry 4.0 Market during the forecast period.
Industry 4.0 is here to stay, there is no doubt about that. The “Industry 4.0 Market & Technologies. Focus on Asia-Pacific 2018-2023” report forecasts that the 2016-2023 Asia-Pacific Industry 4.0 market is the fastest growing regional market, which will rise at a CAGR of 23.7%. China is projected to invest hundreds of billions to retain its #1 position as the world’s leading manufacturing economy.
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This report is based on thousands of sources. – The report research team:
reviewed and analyzed over 600 Industry 4.0 reports, papers, vendors and governmental information sources.
participated in 31 round table Industry 4.0 focus groups
conducted 75 face-to-face interviews with industry executives
conducted a meta-research including more than 4000 industry executives from over 2,700 companies in 29 countries
The report analyzes each dollar spent in Asia Pacific Industry 4.0 market via 4 bottom-up research vectors, providing a valuable report for all decision makers in the Industry 4.0 market.
During four decades, APAC led by China, has proved to be the global factory , driven by low labor costs and globalization. With the Industry 4.0 revolution, which depends more on employees’ skills rather than cheap labor and western economies Industry 4.0 investments the tide is reversing. In order to mitigate this threat, APAC emerging economies, South Korea, Japan and China invest heavily in the 4th industrial revolution to compete with western economies Industry 4.0 ramifications. They provide government funding for Industry 4.0 projects, R&D, subsidies and tax incentives to Industry 4.0 investors.
Most of the world technology giants that recognize the huge business opportunities of the Industry 4.0, invested in R&D, commercialization of Industry 4.0 technologies and acquired smaller technology companies especially in the AI and big data sector.
The Industry 4.0 competition is not only about technology or offering the best products, but also, about the companies that collect appropriate data and combine it to offer premium digital services. Those who know what the customer wants and can forecast consumer demand, will provide the information to develop an unfair competitive advantage.
According to the report, China is unique in the breadth and size of its Industry 4.0 strategy and funding; the PRC government commenced in 2015 the Made in China 2025 scheme, specifying ten industries including semiconductors, aerospace, agricultural equipment, quantum computing and other sectors, which are the core of government planning.
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The PRC Made in China plan, an industrial-policy program is derived in part from Germany’s Industry 4.0 model, which focuses on creating a helpful environment through training and policy support but leaves business decisions to companies. China’s version is much more hands-on. The plan includes 1,013 state-guided funds , endowed with $807B, much of it for Made in China industries.
The program includes a manufacturing-subsidy program, spread across 62 distinct initiatives. According to the report, China will dominate 42% of the APAC Industry 4.0 market by 2023. In India, the world’s fastest growing economy, it is estimated that the industrial sector will embrace Industry 4.0, and transform the Indian manufacturing economy.
Japan is a highly robotized country and the world´s predominant industrial robot manufacturer with a market share of 52%. To address its 21st century economic, social and industrial challenges Japan launched its Society 5.0 program. The Society 5.0 program includes (but is not limited to) Japan’s Industry 4.0 program.
In the next decades, Asia Pacific businesses will establish global networks that incorporate their machinery, warehousing systems and production facilities in the shape of cyber-physical systems. 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.
The Asia Pacific Industry 4.0 transformation will change long-held dynamics in the balance of economic power between the Far East, the U.S. and Europe.
The Asia Pacific Industry 4.0 evolution holds immense potential for the region economy. Smart factories allow individual customer requirements to be met, meaning that even one-off items can be manufactured profitably. In Industry 4.0, dynamic business and engineering processes enable last-minute changes to production and deliver the ability to respond flexibly to disruptions and failures on behalf of suppliers.
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.
The major winners might be those that control Industry 4.0 Platforms , software layers that syndicate various devices, information and services, on top of which other firms can build their own offerings.
The transformation of the economy being brought about by Industry 4.0 means that business processes such as supply, manufacturing, maintenance, delivery and customer service will all be connected via the Industrial IoT systems. These extremely flexible value networks will require new forms of collaboration between companies, both nationally and globally.
In 2018-2023, the market will undergo a major transformation through the following drivers:
The APAC, U.S. and Europe competition in the manufacturing sector is becoming fiercer and fiercer
China invests hundreds of billions to retain its #1 position as the world’s leading manufacturing economy
China, Singapore, India, Japan, Cambodia, Vietnam and other Asia Pacific countries earmarked more than $1 trillion funding to their Industry 4.0 programs.
APAC economies of low labor manufacturing costs invest in Industry 4.0 to maintain their industrial base taken by high labor cost countries Industry 4.0 investments
Unprecedented opportunities to optimize production processes
The “Industry 4.0 Market & Technologies. Focus on Asia-Pacific 2018-2023” report is the most comprehensive review of this emerging market available today. It provides a detailed and reasoned roadmap of this rapidly growing market.
The report analyzes each dollar spent in the Industry 4.0 market via 4 bottom-up research vectors (see Figure 3), thus providing a valuable report for all decision-makers in the Industry 4.0 market.
The report is aimed at:
Industry 4.0 Products Vendors
Industry 4.0 Systems Integrators
Government Industry Agencies
Manufacturing Companies, SME included
The report has been explicitly customized for the industry and government decision-makers to enable them to identify business opportunities, emerging technologies, market trends and risks, as well as to benchmark business plans.
Questions answered in this 640-page 4-volume market report include:
What was the Asia Pacific 40 submarkets size and what were the trends during 2016 & 2017?
What is the 2018-2023 forecast for each of the Asia Pacific submarkets?
Which industries and technologies provide attractive business opportunities?
What drives the Asia Pacific Industry 4.0 managers to purchase solutions and services?
What are the Asia Pacific technology & services trends?
What are the market SWOT (Strengths, Weaknesses, Opportunities and Threats)?
With 460 pages, 167 tables and figures, this 4-volume report covers 10 technologies, 10 industries, 4 revenue sources, and Asia Pacific national markets, offering for each of them 2016-2017 estimates and 2018-2023 forecasts and analyses..
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Why Buy This Report?
A. This is the most comprehensive information source of the Asia Pacific Industry 4.0 market and technologies available today
B. Market data is analyzed via 4 key perspectives:
With a highly fragmented Industry 4.0 market we address the money trail via the following 4 bottom-up market size vectors:
Electronic Hardware I4.0
Electrical Hardware I4.0
Energy, Power I4.0
Oil & Gas I4.0
Machine Industry I4.0
Other I4.0 Industries
By Industry 4.0 Technologies:
Additive Manufacturing- 3D Printing
Advanced Human Machine Interface
Big Data & Analytics
Cybersecurity & Cloud Computing
Horizontal and Vertical System Integration
Industrial IoT (IIoT)
By 4 Revenue Sources:
System Installation, Integration & Commissioning
Aftersale Maintenance, Upgrades & Spare Parts
Consulting, Planning & Training
Rest of APAC
C. Detailed market analysis framework is provided as follows:
Market drivers & inhibitors
Barriers to new entry, supplier power, buyer power and competitive rivalry
The 2016-2023 market segmented by 188 submarkets
More than 1000 references and links to Industry 4.0 data sources & publications
D. The report includes the following appendices:
Appendix A: Industry 4.0 Smart Maintenance
Appendix B: How to Convert an Industry 2.0 or Industry 3.0 Business to Industry 4.0
Appendix C: Abbreviations
Appendix D: Terminology
Appendix E: Research Sources & Bibliography
E. The report presents extensive information on 49 leading companies (including companies profile, Industry 4.0 activities & products, and recent events), namely:
Honeywell Hewlett Packard
Rockwell Automation Samsung
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