Thursday 18 June 2020

What are the several technologies included in Industry 4.0 market

The report scope covers major Industry 4.0 technologies namely are IoT, Artificial Intelligence, Industrial Metrology, Industrial Robotics, AR & VR, Blockchain, 3D printing, Digital Twin and 5G
Which are the major companies in the Industry 4.0 market? What are their major strategies to strengthen their market presence?
The major players in the Industry 4.0 market are ABB (Switzerland), Mitsubishi (Japan), Yaskawa (Japan), KUKA (Germany), FANUC (Japan), General Electric (US), IBM (US), Cisco (US), Microsoft (US), Stratasys (US), Google (US), Intel (US), HP (US), Siemens (Germany), Ansys (US), AIBrain (US), SAP (US), Amazon Web Services (US), and General Vision (US). New product development is among the major stratgies adopted by the industry leaders in Industry 4.0 market.
What are the opportunities for new market entrants?
Adoption of analytics in manufacturing sector, adoption of collaborative robots in manufacturing process and growing demand for 3d printing offers lucrative opoortunity for new market entrants in industry 4.0 market.
What are the drivers and opportunities for the Industry 4.0 market?
The major factors driving the growth of the market include the increasing adoption of the industrial internet worldwide in manufacturing units and growing focus on enhanced efficiency of machinery and systems and reduced production costs play a significant role in the growth of the market worldwide. Also, the growing demand for industrial robotics is expected to fuel the growth of the Industry 4.0 market.
What are the growing geographies for industry 4.0 markets?
APAC holds a large manufacturing base which is expected to provide lucrative growth opportunity for Industry 4.0 market in coming future.
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