The global industry 4.0 market size was valued at USD 164.7 Billion in 2024, and it is expected to reach USD 570.5 Billion by 2033, exhibiting a growth rate (CAGR) of 14.44% from 2025 to 2033.
To get more information on this market, Request Sample
The industry 4.0 market is primarily driven by the increasing use of IoT (Internet of Things) technology and the advancement of artificial intelligence (AI) and machine learning (ML). IoT has transformed traditional manufacturing by connecting machines, sensors, and devices through the internet, enabling real-time data sharing and automation. For instance, in October 2024, Qualcomm launched a new product portfolio for extreme Industrial Internet of Things (IIoT) applications, featuring industrial-grade chipsets and on-device AI up to 100 tera operations per second. The new technology series called Qualcomm IQ was unveiled at Embedded World North America. This connectivity allows for precise tracking, predictive maintenance, and optimization of the production process. IoT-driven systems collect vast amounts of data from machinery and production lines, allowing manufacturers to improve efficiency, reduce downtime, and enhance product quality. The data generated enables a level of insight and control previously unattainable in conventional manufacturing setups.
Meanwhile, AI and machine learning provide the analytical power needed to make sense of the data IoT produces. These technologies enable manufacturers to identify patterns, predict trends, and automate decision-making processes. For instance, in September 2024, Lenovo, a global technology leader, announced the establishment of high-performance AI server manufacturing in India and the inauguration of its state-of-the-art Research & Development (R&D) lab dedicated to advancing Lenovo’s Infrastructure Solutions. This dual milestone solidifies Lenovo’s commitment to India as a critical hub for tech innovation and manufacturing, aligning with the government’s ‘Made in India’ and ‘AI for All’ vision. Through predictive analytics, businesses can preemptively address issues, reducing waste and enhancing productivity. AI-powered robotics and automation systems also help streamline operations and reduce human error. As a result, businesses become more agile and responsive to market demands. Similarly, in April 2024, Microsoft announced new AI and data solutions for manufacturers to help unlock innovation, enable intelligent factories, optimize operations, and enhance employee productivity. The manufacturing industry has been incredibly resilient over the last decade and the infusion of new AI solutions signifies a critical transformation in this vital industry.
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Europe accounted for the largest market share due to the push for digital transformation, sustainability initiatives, advancements in AI and IoT, and strong government support for smart manufacturing.
In North America, the market is driven by the demand for increased efficiency, reduced operational costs, and improved supply chain resilience. Key factors include the adoption of IoT, AI, and automation technologies, along with strong investments in digitalization, government incentives, and the need for flexible, data-driven manufacturing solutions.
In Asia Pacific, the market is driven by rapid industrialization, rising labor costs, and government initiatives supporting smart manufacturing. Strong investments in IoT, AI, and robotics enable companies to boost productivity, reduce costs, and maintain competitiveness, especially as the region continues to grow as a global manufacturing hub.
In Europe, the market is fueled by digital transformation efforts, government support for smart manufacturing, and a strong focus on sustainability. Advances in AI, IoT, and automation technologies further drive adoption, enabling businesses to enhance productivity, reduce environmental impact, and remain competitive in a rapidly evolving global market. For instance, in April 2024, founding members ABB (including B&R), Capgemini, Microsoft, Rockwell Automation, Schneider Electric (including AVEVA), and Siemens announced collaboration on a new initiative to deliver interoperability for Industrial IoT ecosystems at the Hannover Messe. Hosted by the Linux Foundation and open to further interested parties, the Margo initiative intends to define mechanisms for interoperability between applications, devices, and orchestration software at the edge of industrial ecosystems.
In Latin America, the market is driven by a need for increased productivity, economic diversification, and enhanced supply chain efficiency. Factors include government incentives, rising adoption of IoT and automation technologies, and initiatives to modernize manufacturing sectors, helping businesses reduce costs and compete globally amid economic challenges.
In the Middle East and Africa, the market is driven by government-led economic diversification, investment in smart infrastructure, and the push for sustainable, efficient production. The adoption of IoT, AI, and automation helps industries modernize, reduce reliance on oil-based revenues, and increase competitiveness in the global manufacturing landscape.
Some of the leading industry 4.0 market companies include Cisco Systems Inc., DENSO Corporation, Fanuc Corporation, Hewlett Packard Enterprise Company, Intel Corporation, International Business Machines Corporation, Nvidia Corporation, Robert Bosch GmbH, SAP SE, Schneider Electric SE, Stratasys Ltd., Swisslog Holding AG (Kuka AG), Techman Robot Inc. (Quanta Storage Inc.), among many others.
In November 2024, Stratasys Ltd. announced the launch of its new GrabCAD IoT Platform, aimed at enhancing the management and productivity of 3D printing operations. The unveiling is set to take place at the upcoming Formnext 2024, scheduled from November 19-22 in Frankfurt.
Report Features | Details |
---|---|
Market Size in 2024 | USD 164.7 Billion |
Market Forecast in 2033 | USD 570.5 Billion |
Market Growth Rate (2025-2033) | 14.44% |
Units | Billion USD |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
|
Components Covered | Hardware, Software, Services |
Technology Types Covered | Industrial Robotics, Industrial IoT, AI and ML, Blockchain, Extended Reality, Digital Twin, 3D Printing, Others |
End Use Industries Covered | Manufacturing, Automotive, Oil and Gas, Energy and Utilities, Electronic and Foundry, Food and Beverages, Aerospace and Defense, Others |
Regions Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | Cisco Systems Inc., DENSO Corporation, Fanuc Corporation, Hewlett Packard Enterprise Company, Intel Corporation, International Business Machines Corporation, Nvidia Corporation, Robert Bosch GmbH, SAP SE, Schneider Electric SE, Stratasys Ltd., Swisslog Holding AG (Kuka AG), Techman Robot Inc. (Quanta Storage Inc.), etc. |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |