Bharat Book Bureau Provides 20% Discount is "Global Smart Manufacturing Industry 4.0 (2018-2023)" Valid till 31 st October, 18. The postponement offers a superior collection of 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 world of manufacturing technology by providing information technology and information technology. Automation is replacing human effort and involvement with powerful machinery and programming commands. The global Industry 4.0 market is expected to grow at a CAGR of 15.75% (2018-2023) leading to global revenue of USD 648.93 billion by 2023.
The industrial automation segment is expected to grow due to evolving technologies
- Automated Vehicles
- Artificial Intelligence - Enabled Robots
- 3D Printing
Industrial Automation contributes to 35-40% market size in Industry 4.0 segment.
Request a free sample copy of the Smart Manufacturing Industry Report @
https://www.bharatbook.com/MarketReports/Sample/Reports/1218857
Smart factory segment, on the other hand, is expected to grow at a CAGR of 14.07% (2018-2023). The demand for error-free production and on time is in factories.
IoT (Industrial IoT) is expected to grow at a CAGR of 23.70% (2018-2023). It could be expected that 50% of IoT spending would be driven towards manufacturing, logistics, utilities and transportation.
By end users, the market is segmented into such industries as aerospace, automotive, healthcare, and electrical & electronics equipment, chemicals & materials, industrial equipment, food & agriculture, and others (includes Pharmaceutical, Metal & Mining, Paper, Pulp, & Packaging; Water & Waste Water; Foundry & Forging; Textile & Cloth; Precision & Optics sectors).
Key growth factors
Market growth by 50-60% can be expected in the manufacturing segment due to upsurge in consumption of goods in developing countries and regions. Increasing the use of technology, the ability to grow the market, and the ability to maintain robustness. Industrial robotics, IoT, and cybersecurity has increased the use of automation in this sector.
In addition to these, growth towards green manufacturing and increasing focus on economic innovation is high in the manufacturing industry. It can be concluded that several consumers are more likely to buy sustainable, low cost products than expensive, fragile ones.
Threats and key players
Although the Industry 4.0 market is expected to have a positive growth globally, still, there is a deficiency of skilled workforce for smart factories. Moreover, increase in automation is gradually leading to downsizing and unemployment. The cost of re-engineering the business process was also high.
Also, manufacturing industry is prone to cyber-attacks and data breaches and the entire value chain connected to complex interconnected digital assets for constant exchange of data, information, and knowledge. Communication and system within the context of security are extremely important because they are extremely costly and vulnerable.
Some of the major players in the Telematics Market
- IBM Security
- Cisco
- KUKA
- Raytheon Company
- Emerson Electric Corporation
- Stratasys Ltd
- Alpine Data Labs
- ABB Ltd
Browse our full report with Table of Contents:
https://www.bharatbook.com/MarketReports/global-smart-manufacturing-industry-40-20152023/1218857
About Bharat Book Bureau:
Bharat Book is Your One-Stop-Shop with a comprehensive coverage of 4,80,000 reports and insights that includes Latest Market Study, Industry Trends & Analysis, Forecasts & Customized Intelligence, Newsletters and Online Databases. Overall coverage of major industries with a further segmentation of 100+ subsectors.
Contact us at:
Bharat Book Office
Tel : +91 22 27810772/27810773
Email : poonam@bharatbook.com
Website : www.bharatbook.com
Global Smart Manufacturing Industry 4.0
Industry 4.0 is the new era of Industrial Revolution, which has transformed the world of manufacturing technology by providing information technology and information technology. Automation is replacing human effort and involvement with powerful machinery and programming commands. The global Industry 4.0 market is expected to grow at a CAGR of 15.75% (2018-2023) leading to global revenue of USD 648.93 billion by 2023.
The industrial automation segment is expected to grow due to evolving technologies
- Automated Vehicles
- Artificial Intelligence - Enabled Robots
- 3D Printing
Industrial Automation contributes to 35-40% market size in Industry 4.0 segment.
Request a free sample copy of the Smart Manufacturing Industry Report @
https://www.bharatbook.com/MarketReports/Sample/Reports/1218857
Smart factory segment, on the other hand, is expected to grow at a CAGR of 14.07% (2018-2023). The demand for error-free production and on time is in factories.
IoT (Industrial IoT) is expected to grow at a CAGR of 23.70% (2018-2023). It could be expected that 50% of IoT spending would be driven towards manufacturing, logistics, utilities and transportation.
By end users, the market is segmented into such industries as aerospace, automotive, healthcare, and electrical & electronics equipment, chemicals & materials, industrial equipment, food & agriculture, and others (includes Pharmaceutical, Metal & Mining, Paper, Pulp, & Packaging; Water & Waste Water; Foundry & Forging; Textile & Cloth; Precision & Optics sectors).
Key growth factors
Market growth by 50-60% can be expected in the manufacturing segment due to upsurge in consumption of goods in developing countries and regions. Increasing the use of technology, the ability to grow the market, and the ability to maintain robustness. Industrial robotics, IoT, and cybersecurity has increased the use of automation in this sector.
In addition to these, growth towards green manufacturing and increasing focus on economic innovation is high in the manufacturing industry. It can be concluded that several consumers are more likely to buy sustainable, low cost products than expensive, fragile ones.
Threats and key players
Although the Industry 4.0 market is expected to have a positive growth globally, still, there is a deficiency of skilled workforce for smart factories. Moreover, increase in automation is gradually leading to downsizing and unemployment. The cost of re-engineering the business process was also high.
Also, manufacturing industry is prone to cyber-attacks and data breaches and the entire value chain connected to complex interconnected digital assets for constant exchange of data, information, and knowledge. Communication and system within the context of security are extremely important because they are extremely costly and vulnerable.
Some of the major players in the Telematics Market
- IBM Security
- Cisco
- KUKA
- Raytheon Company
- Emerson Electric Corporation
- Stratasys Ltd
- Alpine Data Labs
- ABB Ltd
Browse our full report with Table of Contents:
https://www.bharatbook.com/MarketReports/global-smart-manufacturing-industry-40-20152023/1218857
About Bharat Book Bureau:
Bharat Book is Your One-Stop-Shop with a comprehensive coverage of 4,80,000 reports and insights that includes Latest Market Study, Industry Trends & Analysis, Forecasts & Customized Intelligence, Newsletters and Online Databases. Overall coverage of major industries with a further segmentation of 100+ subsectors.
Contact us at:
Bharat Book Office
Tel : +91 22 27810772/27810773
Email : poonam@bharatbook.com
Website : www.bharatbook.com
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