Industry 4.0 Equipment Market - Forecast (2024 - 2030)

Industry 4.0 Equipment Market Overview

Industry 4.0 Equipment Market is forecast to reach $125.6 billion by 2026, growing at a CAGR 12.0% from 2021 to 2026. Industry 4.0 is a term that describes a group of rapid changes in the design, manufacture, operation and service of production systems and products. Industry 4.0 is the broad industrial transformation of the whole industrial production ecosystem by combining digital technology and the internet with conventional industry. Industry 4.0 equipment is notable for its extensive generation and use of 'big data,' facilitated by constant, widespread internet connectivity. As LPWANs proliferate in factories, warehouses and industrial campuses, the supply chain will increasingly be able to share real-time monitoring data with sophisticated cloud analytics software about products, inventories and assets. The increasing number of investments by vertical end-users and the global acceptance of technology innovation to improve operational efficiency, a collaboration between humans and machines are driving the growth of the market of the industrial internet of things, which in turn affects the growth of the market of Industry 4.0 Equipment.

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Report Coverage

The report: “Industry 4.0 Equipment Market – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of Industry 4.0 Equipment Market.

By Type:?Linear Shafts, Washers, Shaft Supports, Shaft Collar, Linear Bushings, Oil Free Bushings, Washers, Linear Guides, Cable Carriers, Ball Screw, Lead Screws, Slide Screws, Actuators, Locating Pins, Bushings, Plungers, Clamps, Motorized Stages, Manual stages, Micro Switches, Limit Switches, Control switches, Contact Probes, Lamps for Inspection, Sensors, Lens, Temperature Sensors, Heaters, General Motors, Chain Sprockets, Rollers, Gas Springs Bearings, Gears, Chain, Others By Technology:?Internet of Things, Artificial Intelligence,?3D Printing, Augmented Reality & Virtual Reality,?Industrial Robotics, Industrial Metrology, Blockchain, Digital Twin, 5G By End Use Industry:?Automotive, Aerospace and Defense, Energy and Power, Industrial Equipment, Consumer Electronics, Metals, Chemical, Oil & Gas, Consumer Electronics, Pharmaceutical, Food and Beverage, Paper and Pulp, Packaging, Others By Geography: North America (U.S., Canada and Mexico); Europe (U.K., Germany, Italy, France,Spain, Russia, Rest of Europe); APAC (China, Japan, South Korea, India, Australia, Rest of APAC); South America (Brazil, Argentina, Rest of South Americas); RoW (Middle East & Africa)

Key Takeaways

• The increasing number of investments made by vertical end-users and the global acceptance of technology innovation to improve operational efficiency, collaboration between humans and machines is driving the growth of the industrial internet of things market, which in turn affects the growth of the Industry 4.0 Equipment Market.
• The major factors that make APAC a dynamic region for Industry 4.0 are government initiatives, R&D funding and an extensive industrial base, with Japan and China being the major contributors.

Industry 4.0 Equipment Market Drivers

A significant rise in the adoption of industrial internet

One of the major factors estimated to encourage the development of the global 4.0 industry market in the coming years is a significant rise in the adoption of industrial internet. Prominent players' increasing focus on the cost and efficiency of manufacturing is expected to lead to digitization. This is expected to speed up overall market development in the coming few years. Besides this, the increasing adoption of automation for high-quality production is likely to ensure market growth in the coming years.

Industry 4.0 and Interactive Robots

The growing digitized world is the major factor attributing global industry growth to the 4.0 market. Industry 4.0 innovations such as IoT and smartphone voice assistants provide good shopping experience for customers. Another factor that fuels market growth is the manufacture of robots using Industry 4.0. Robots made using I4.0 will interact and work safely beside humans without causing any harm to them. These robots work more effectively than humans, and are available on the market at low cost.

Industry 4.0 Equipment Market Challenges

Lack of Security

Manufacturing is the second-largest targeted industry for attacks, according to the 2019 IBM-X Force Threat Intelligence Index. Because of less security, Industry 4.0 technologies allow hackers to attack the manufacturer's data and also to infect new detention systems and to sell confidential information. The scarcity of skilled workers is also estimated to reduce the rise of the industry 4.0 market over the next few years.?