Market Research Reports Global Smart Manufacturing Industry 4.0 (2015-2023

Global Smart Manufacturing Industry 4.0 - Market Report
Bharat Book Bureau Provides the Trending Market Research Report on “Global
Smart Manufacturing Industry 4.0 (2015-2023)” under Media & Technology
category. The report offers a collection of superior market research, market analysis,
competitive intelligence and industry reports.
Global smart manufacturing industry 4.0
Industry 4.0 is the new era of industrial revolution,
which has transformed the manufacturing arena by
collaborating with information technology (IT) such
as Big Data and Cloud Computing along with robotics,
physical machinery and human resource. Automation
is replacing human effort, involvement through
powerful machinery and programming commands.
The global Industry 4.0 market is expected to grow at
a CAGR of 11.73% (2015 –2023) leading to a global revenue of USD 648.93 Bn. by
2023.
The industrial automation segment is expected to grow due to evolving technologies
such as automated vehicles, robots enabled with artificial intelligence (AI), and 3D
printing. Industrial automation contributes to 39—40% market size in Industry 4.0
segment.
Smart factory segment, on the other hand, is expected to grow at a CAGR of 10.08%
(2017–2022). The demand for error-free production and on-time delivery of finished
goods is leading to the higher usage of digitally embedded machineries in factories.
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IIoT (Industrial IoT) revenue is expected to grow at a CAGR of 18.90% (2017–2022). It
can be expected that 50% of IoT spending would be driven towards manufacturing,
logistics, utilities and transportation.
By end users, the market is segmented into industry such as aerospace, automotive,
healthcare, electrical and electronics equipment, chemicals and materials, industrial
equipment, food and agriculture, and others (includes pharmaceutical; metal &
mining; paper, pulp, & packaging; water & waste water; foundry & forging; textile &
cloth; precision & optics sectors).
Key growth factors