- In 2022, Panasonic Life Solutions India launched a state-of-the-art production facility in Sri City, specifically designed for the ECM industry. This industry 4.0-enabled facility aims to meet the growing demand in the country, enhancing operational efficiency and supply chain capabilities. By strengthening its presence in the Southern region, Panasonic seeks to foster market synergies, ensuring faster material delivery and improved customer satisfaction
- In 2022, a strategic partnership between Youngstown State University and the University of Northern Iowa's National Center for Defense Manufacturing and Machining secured USD 10 million in initial funding. This collaboration aims to boost the adoption of advanced technologies by small-to-medium-sized businesses, strengthening critical areas of the defense manufacturing supply chain while creating new job opportunities. Through this initiative, the alliance will assist hundreds of companies annually in overcoming barriers to industry 4.0 technology, speeding up the production of high-quality components and enhancing the overall supply chain
- In February 2021, Software AG and SAP SE formed a partnership to integrate SAP's S/4HANA Cloud with Software AG’s TrendMiner analytics platform. This collaboration aims to bring sensor-generated data into advanced analytics, enhancing real-time insights for companies adopting industry 4.0 technologies. The alliance offers businesses an efficient solution to leverage data for improved decision-making and operational efficiency in their digital transformation efforts
- In February 2021, ABB Ltd. introduced GoFa, a collaborative robot designed to assist workers with ergonomically demanding and repetitive tasks. This launch addresses the rising need for robots that can handle heavier payloads, improving workplace flexibility. GoFa is aimed at enhancing productivity by streamlining tasks and providing greater support in various industrial settings
- In March 2020, Cisco Systems Inc. and Microsoft Corporation teamed up to enable seamless data orchestration between Cisco IoT Edge and Azure IoT Cloud. This collaboration offers customers a pre-integrated IoT edge-to-cloud solution, facilitating smooth data flow across the IoT edge. The partnership aims to streamline IoT deployments, providing businesses with enhanced connectivity and more efficient management of their IoT ecosystems
Frequently Asked Questions
The market is segmented based on Global Industry 4.0 Market Segmentation, By Technology (Industrial Robotics, Block Chain, Industrial Sensors, Industrial 3d Printing, Machine Vision, Extended Reality (XR), Cyber Security, Internet Of Things (IoT), 3d Printing, Advanced Human–Machine Interface (HMI), Big Data Predictive Maintenance, Augmented Reality and Virtual Reality, Artificial Intelligence, AI in Manufacturing, Digital Twin, AGV’S, and Machine Condition Monitoring), Enterprise Size (Small And Medium Enterprises and Large Enterprises), Vertical (Manufacturing, Utilities, Automotive, Electrical And Electronics Equipment, Industrial Equipment, Aerospace and Defence, Electronics and Consumer Goods, Chemical and Materials, Food and Agriculture, Oil and Gas, Energy and Power, Healthcare, and Others), Component (Hardware, Software, Services, and Solution) – Industry Trends and Forecast to 2031
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The Global Industry 4 0 Market size was valued at USD 162.93 USD Million in 2023.
The Global Industry 4 0 Market is projected to grow at a CAGR of 19.87% during the forecast period of 2024 to 2031.
The major players operating in the market include , Qualcomm Technologies , Siemens , SAP SE , Cisco Systems , SAMSUNG , Oracle , Intel Corporation , Microsoft , Mitsubishi Electric Corporation , General Electric , Rockwell Automation , DENSO CORPORATION , Sensory , Hewlett Packard Enterprise Development LP , ABB , OMRON Corporation , Robert Bosch GmbH , Huawei Technologies Co. Ltd , Hitachi Vantara LLC , YASKAWA ELECTRIC CORPORATION ,.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
