Dublin, May 08, 2018 (GLOBE NEWSWIRE) -- The "Industry 4.0 Market & Technologies - 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The global Industry 4.0 market will reach $214B by 2023, 30% larger than the projected 2023
In the next decades, 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. On the one hand, these changes add to the traditional business pressure on manufacturers, but on the other hand also offer unprecedented opportunities to optimize the production and manufacturing processes.
Industry 4.0 facilitates fundamental improvements in the industrial processes involved in manufacturing, engineering, material purchasing and usage, supply chain and life cycle management, predictive maintenance and real-time management overview. The smart factories that have already appeared across most industries employ a completely novel approach to production. Smart products are uniquely identifiable, they can be located at all times, know their own history, current status and alternative routes to achieving their target state. The embedded manufacturing systems are vertically networked with business processes within factories and enterprises and horizontally connected to dispersed value networks that can be managed in real time from the moment an order is placed right through to outbound logistics. In addition, they both enable and require end-to-end engineering across the entire value chain.
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 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 Industry 4.0 competition is not only about technology or offering the best products; it is also, and in particular, about the companies that gather the appropriate data, combine them to provide the best digital services, and in addition, utilize the data 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.
The Industry 4.0 market race is led by the global tech giants (see Figure 3) that invest billions of dollars in Industry 4.0 products R&D, M&A, commercialization and internal use.
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.
To maintain their industrial base and create new jobs, governments across the globe invest billions of dollars in Industry 4.0 projects and R&D, and provide subsidies and tax incentives for Industry 4.0 investors.
On the one hand, governments and private sectors of countries with high labor costs (e.g., EU countries and the U.S.) invest in Industry 4.0 to increase their industrial sector, which has been taken over by low labor cost countries (see Figure 4); and on the other hand, low labor costs industries and their governments (e.g., China, India and Cambodia) react to this trend by investing in Industry 4.0 as well.
The publisher forecasts that the market will undergo a major transformation in 2018-2023 via the following drivers:
The report is aimed at:
Questions answered in this 640-page 4-volume market report include:
Key Topics Covered:
Industry 4.0 Market & Technologies - 2018-2023 - Volume 1
1 Executive Summary
2 Industry 4.0 Market Background
3 Industry 4.0 Market Drivers
4 Industry 4.0 Market Inhibitors
5 Industry 4.0 SWOT Analysis
6 Barriers to New Entry, Supplier Power, Buyer Power and Competitive Rivalry
7 Business Opportunities
8 Global Industry 4.0 Market by Industry - 2016-2023
9 Aerospace & Defense 4.0 Market - 2016-2023
10 Agriculture & Food Industries 4.0 Market - 2016-2023
11 Automotive Industry Market - 2016-2023
12 Chemical Industry 4.0 Market - 2016-2023
13 Electronic & Electrical Hardware Industries 4.0 Market - 2016-2023
14 Energy, Power, Oil & Gas 4.0 Market - 2016-2023
15 Machine Manufacturing 4.0 Market - 2016-2023
16 Pharmaceutical & Biotechnology 4.0 Market - 2016-2023
17 Semiconductors 4.0 Market - 2016-2023
18 Other Industry 4.0 Markets - 2016-2023
Industry 4.0 Market & Technologies - 2018-2023 - Volume 2
1 Industry 4.0 Technology Markets
2 Additive Manufacturing - 3D Printing 4.0 Market - 2016-2023
3 Advanced Human Machine Interface 4.0 Market - 2016-2023
4 Artificial Intelligence 4.0 Market - 2016-2023
5 Industrial Robots 4.0 Market - 2016-2023
6 Big Data & Analytics 4.0 Market - 2016-2023
7 Cybersecurity & Cloud Computing 4.0 Market - 2016-2023
8 Horizontal and Vertical System Integration 4.0 Market - 2016-2023
9 Sensors and Industrial IoT 4.0 Market - 2016-2023
10 Simulation 4.0 Market - 2016-2023
11 Virtual Reality & Augmented Reality 4.0 Market - 2016-2023
Industry 4.0 Market & Technologies - 2018-2023 - Volume 3
1 United States Industry 4.0 Market - 2016-2023
2 Canada Industry 4.0 Market - 2016-2023
3 Mexico Industry 4.0 Market - 2016-2023
4 Brazil Industry 4.0 Market - 2016-2023
5 Rest of Latin America Industry 4.0 Market - 2016-2023
6 UK Industry 4.0 Market - 2016-2023
7 Germany Industry 4.0 Market - 2016-2023
8 France Industry 4.0 Market - 2016-2023
9 Italy Industry 4.0 Market - 2016-2023
10 Spain Industry 4.0 Market - 2016-2023
11 Scandinavia Industry 4.0 Market - 2016-2023
12 Rest of Europe Industry 4.0 Market - 2016-2023
13 Turkey Industry 4.0 Market - 2016-2023
14 Israel Industry 4.0 Market - 2016-2023
15 GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman) Industry 4.0 Market 2016-2023
16 South Africa Industry 4.0 Market - 2016-2023
17 Rest of MEA Industry 4.0 Market - 2016-2023
18 India Industry 4.0 Market - 2016-2023
19 China Industry 4.0 Market - 2016-2023
20 Japan Industry 4.0 Market - 2016-2023
21 South Korea Industry 4.0 Market - 2016-2023
22 Rest of Asia Pacific Industry 4.0 Market - 2016-2023
Industry 4.0 Market & Technologies - 2018-2023 - Volume 4
1 Vendors
2 Appendix A: Industry 4.0 Smart Maintenance
3 Appendix B: How to Convert an Industry 2.0 or Industry 3.0 Business to Industry 4.0
4 Appendix C: Abbreviations
5 Appendix D: Terminology
6 Appendix E: Research Sources & Bibliography
7 Research Methodology
8 Disclaimer & Copyright
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/research/99zlkw/global_industry_4?w=12
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