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Global Industry 4.0 Market to Reach $219.8 Billion by 2026SAN FRANCISCO, July 14, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Industry 4.0 - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry ABSTRACT- Global Industry 4.0 Market to Reach $219.8 Billion by 2026 i4.0 is a concept in which manufacturing facilities are fitted with state-of-the-art sensors and wireless technologies which visualize and display the entire manufacturing process. These sensors and wireless technologies are integrated ith various technologies, including artificial intelligence (AI), the IoT, machine learning and cloud computing. The integrated use of these technologies by an i4.0-enabled manufacturing environment enables the manufacturers to make well informed business decisions and improve their production efficiency. By optimizing technology and material usage, as well as asset performance, an i4.0-enabled manufacturing environment enhances the profitability of businesses. Amid the COVID-19 crisis, the global market for Industry 4.0 estimated at US$90.6 Billion in the year 2020, is projected to reach a revised size of US$219.8 Billion by 2026, growing at a CAGR of 16.5% over the analysis period. Internet of Things, one of the segments analyzed in the report, is projected to record a 17.3% CAGR and reach US$68.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Industrial Robotics segment is readjusted to a revised 18.7% CAGR for the next 7-year period. The U.S. Market is Estimated at $25.5 Billion in 2021, While China is Forecast to Reach $40.9 Billion by 2026 The growth of the market is being propelled by the increasing awareness among businesses of the several advantages that these technologies offer. Other factors spurring the projected growth within the worldwide market for i4.0 technologies include the increasing implementation of the Industrial Internet of Things (IIoT); the increasing demand for efficient and cost effective manufacturing processes from a wide range of industries; and the significant increase in the demand for automation systems for enhancing the quality of finished goods. Additional factors powering the market's growth include innovations and technological advancements in additive printing technology; and advancements in smart sensing technologies and controls. Additionally, the increasing trend of automating manufacturing facilities, together with the increasing demand for energy-efficient machinery and processes, together with the IoT-enabled sensors' integrated computing capabilities, are also projected to fuel the growth of the worldwide market for i4.0 technologies. Furthermore, IoT sensors, smart devices, and data collection are leveraged by i4.0-based systems for improving operational efficiency, a factor that is also expected to provide significant opportunities for growth of the worldwide i4.0 market. In the coming 10 years, businesses would set-up global networks incorporating their production facilities, machinery and warehousing systems as cyber-physical systems. Such systems, in the production environment, consist of storage systems, production facilities, and smart machines that could exchange information autonomously, and exercise independent control over each other. These changes provide huge opportunities for optimization of manufacturing and production processes. On the flip side, such changes put manufacturers under conventional business pressure 3D Printing Segment to Reach $33.7 Billion by 2026 MarketGlass™ Platform Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our just released mobile application on iOS or Android About Global Industry Analysts, Inc. & StrategyR™ CONTACTS: LINKS Connect With Us on LinkedIn Follow Us on Twitter Journalists & Media
SOURCE Global Industry Analysts, Inc. 
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