Global Tech Giants to Lead the Industry 4.0 Revolution
WASHINGTON, Jan. 21, 2018 /PRNewswire-USNewswire/ -- The Industry 4.0 market is forecasted to reach $1 trillion by 2030, dominated by global technology giants including Alphabet-Google, HP, Samsung, IBM, NEC, Microsoft, and more. According to the new 4-volume report by HSRC: Global Industry 4.0 Market & Technologies 2018-2023, the Industry 4.0 market will reach $214B by 2023.
The Industry 4.0 market race is led by the global tech giants that invest billions of dollars in Industry 4.0 products R&D, M&A, commercialization and internal use. Furthermore, these companies have acquired smaller technology companies, especially in the AI sector, to strengthen their industry 4.0 capabilities.
The new report is based on extensive research activities including:
-- 31 Industry 4.0 round table focus groups with 87 leading industry
executives from 17 countries
-- 79 face-to-face interviews with industry 4.0 executives
-- Meta-research based on >4000 industry respondents in 27 countries and
over 2000 companies
-- Review of 477 reports and papers
-- 49 Industry 4.0 vendors research
-- Cross-check of 188 submarkets via 5 bottom-up research vectors
With 640 pages, 120 tables and 150 figures, this 4-volume report covers 10 industries, 10 technologies, 4 revenue sources, 5 regional markets and 22 national markets, offering for each of the 188 submarkets a detailed 2016-2017 market size and 2018-2023 forecasts and analyses.
Industry 4.0 holds immense potential. 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 allow 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 Industry 4.0 competition is not only about technology or offering the best products; it is also, and in particular, about the companies that collect the appropriate data, combine it to provide the best digital services, and utilize it for their own benefit. Those who know what the customer wants, and can forecast consumer demand, will provide the information to develop an "unfair" competitive advantage.
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.
According to the report, the Industry 4.0 revolution will be driven by an ensemble of emerging technologies, such as Industrial Internet of Things (Industrial IoT), Big Data analytics, advanced industrial robots, Artificial Intelligence (AI) and predictive maintenance. In the next decades, businesses, led by the giant tech companies, will establish global networks that incorporate their machinery, warehousing systems, and production facilities in the shape of cyber-physical systems that can be managed in real time. These extremely flexible value networks will require new forms of collaboration between companies, both nationally and globally.
The Industry 4.0 market data is analyzed via 5 key perspectives:
With a highly fragmented Industry 4.0 market we address the "money trail" via the following 5 bottom-up market size vectors:
By Industries:
1. Aerospace I4.0 9. Energy, Power I4.0
2. Defense I4.0 10. Oil & Gas I4.0
3. Agriculture I4.0 11. Machine Industry I4.0
4. Food I4.0 12. Pharmaceutical I4.0
5. Automotive I4.0 13. Biotechnology I4.0
6. Chemical I4.0 14. Semiconductors I4.0
7. Electronic Hardware
I4.0 15. Other I4.0 Industries
8. Electrical Hardware
I4.0
By Industry 4.0 Technologies:
1. Additive Manufacturing- 3D 7. Horizontal and Vertical
Printing System Integration
2. Advanced Human Machine
Interface 8. Industrial IoT (IIoT)
3. Artificial Intelligence 9. Sensors
4. Industrial Robots 10. Simulation
5. Big Data & Analytics 11. Virtual Reality & Augmented
Reality
6. Cybersecurity & Cloud Computing 12. Predictive Maintenance
By 4 Revenue Sources:
1. Product Sales
2. System Installation,
Integration & Commissioning
3. Aftersale Maintenance, Upgrades
& Spare Parts
4. Consulting, Planning & Training
By 5 Regions:
1. North America
2. Latin America
3. Europe
4. Middle East and
Africa
5. Asia-Pacific
By 22 Countries:
1. U.S. 12. Rest of Europe
2. Canada 13. Turkey
3. Mexico 14. Israel
4. Brazil 15. GCC
5. Rest of LATAM 16. South Africa
6. UK 17. Rest of MEA
7. Germany 18. India
8. France 19. China
9. Italy 20. Japan
10. Spain 21. South Korea
11. Scandinavia 22. Rest of APAC
The report presents extensive information on 49 leading companies (including companies' profile, Industry 4.0 activities & products, and recent events), namely:
3D Systems Hewlett Packard Samsung
ABB Ltd. Huawei SAP
Advantech IBM Sensory
Aibrain Intel Siemens
Alphabet Intelligent Automation SIGFOX
Arcadia Data Interset Software Splunk
Arm Ltd. Kuka Sri International
Beijer Electronics Magic Leap Stratasys
Bosch Microsoft Texas Instruments
Cisco Mitsubishi Electric TRUMPF
CyberX NEC u-blox
Dassault Systèmes NGRAIN Wittenstein
DENSO Oculus VR Worldsensing SL
EOS Oracle Xerafy
ExOne QUALCOMM Xjet
General Electric Rethink Robotics
Honeywell Rockwell Automation
Related HSRC reports available on our Website:
-- Industry 4.0 Technologies Market (Industrial Robotics, 3D Printing, AI,
Big Data, Cybersecurity, Cloud Computing, H&V System Integration,
Industrial IoT, Sensors, Simulation, VR, AR) - 2018-2023
-- The Industry 4.0 Market by Industry (Aerospace & Defense, Agriculture,
Food, Automotive, Chemical, Electronic & Electrical Hardware, Energy,
Power, Oil & Gas, Machine Industry, Pharmaceutical & Biotechnology,
Semiconductor and Other Industries) - 2018-2023
-- Industry 4.0 Market & Technologies. Focus on U.S. - 2018-2023
-- Industry 4.0 Market & Technologies. Focus on Europe - 2018-2023
-- Industry 4.0 Market & Technologies. Focus on Asia-Pacific - 2018 -2023
-- Quantum Computing Market & Technologies 2017-2024
-- Big Data & Data Analytics Market 2017-2022
Explore more HSRC reports at www.hsrc.biz
About HSRC
HSRC is an international market and technology research firm specializing in transformational technologies, homeland security & public safety industries. HSRC provides premium market off-the-shelf and custom reports on present and emerging technologies and industry expertise, enabling global clients to gain time-critical insight into business opportunities. HSRC's clients include the EU, NATO, U.S. Congress, Army, DOD and DOT among others; as well as government agencies in Japan, Korea, Taiwan, Israel, Canada, UK, Germany, Australia, Sweden, Finland and Singapore. With over 1000 private sector clients (72% repeat customers), including major Fortune 2000 companies, HSRC has earned the reputation as the industry's Gold Standard for Transformational Technologies, Homeland Security & Public Safety off-the-shelf and customized market reports.
Washington D.C. 20004, 601 Pennsylvania Ave., NW Suite 900,
Tel: 202-455-0966, info@hsrc.biz
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