Stratview Research delivers key insights on the global Industry 4.0 Market According to Stratview Research, the market is segmented By Technology (Industrial Robotics, IIoT, AI and ML, Blockchain, Extended Reality, Digital Twin, 3D Printing, Others), By End Use (Manufacturing, Automotive, Oil and Gas, Energy and Utilities, Electronics and Foundry, Food and Beverage, Aerospace and Defense, Others), and Region [Brazil, Argentina, and Others]).
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Market Insights
The report suggests that the overall Industry 4.0 Market is projected to grow from USD 62. 5 billion in 2020 to USD 190.8 billion by 2026 at a CAGR of over 20.9% during the forecast period.
Market Segments Analysis
End Use Trends
Based on end use, the industry 4.0 market has been classified into manufacturing, automotive, oil and gas, energy and utilities, electronics and foundry, food and beverage, aerospace and defense, and others. Under these, the manufacturing segment held a significant market share in 2020.
Regional Trends
By region, the Asia Pacific market held the highest market share in 2020 and is projected to grow at a healthy CAGR in the coming years.
Key Players
The following are some of the key players in the industry 4.0 market:
- ABB Ltd (Switzerland)
- Cognex Corporation (US)
- Siemens AG (Germany)
- Schneider Electric (France)
- Swisslog Holding AG (Kuka AG) (Switzerland)
- Rockwell Automation Inc. (US)
- Honeywell International Inc. (US)
FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- What is the global demand for industry 4.0 market in terms of revenue?
- Which are the prominent players in the market?
- At what CAGR is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share in the market?
- How did the Covid19 impacted the market?
- How long will it take to recover from the Covid impact?
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