Industry 4.0

• The world has made tremendous advancement in technology since the last revolution and the new age tech will fuel Industry 4.0.
• Going forward, market access alone will not be enough to generate growth and Vietnamese manufacturers would need to invest in technology - especially Industry 4.0 technologies - to increase productivity, and quality to remain competitive.
• The global XR market is forecast to grow from $42bn to $333bn by 2025 a CAGR of 51% driven by industry 4.0 and digital transformation.
• Taiwanese contract electronics manufacturer Foxconn will work with Kneron on AI use cases for Industry 4.0 and the automotive market, through Foxconn's MIH open platform for electric vehicles (EVs).
• The global market for Conveyor System is projected to reach $9 billion by 2025, driven by the strong focus shed on automation and production efficiency in the era of smart factory and industry 4.0.
• The global industry 4.0 market is projected to reach a market size of USD 240.55 Billion by 2027 at a rapid and steady CAGR over the forecast period.
• The global market for predictive maintenance is expected to significantly grow over the next years as digital technologies have a huge potential to further reduce unplanned asset downtime and help preventing serious damages across multiple industries.
• Aimed at New Space manufacturing challenges, MDA will develop industry 4.0 solutions in automated assembly and testing for high-volume satellite constellations.
• By unlocking a new realm of technological possibilities, the global wireless standard is expected to notably accelerate the shift toward Industry 4.0, the industrial Internet of Things.
• Opening a new area of technological opportunity, the global wireless standard is expected to dramatically accelerate the transition to Industry 4.0 and the Industrial Internet of Things.
• IIoT is a needed technology for manufacturers pursuing the benefits of Industry 4.0 and many believe it will achieve near-universal use in the next two years.
• In 2020, the Industry 4.0 market was expected to reach 3.7 billion euros.
• Use cases for the Internet of Things, such as connected vehicles, smart cities, and Industry 4.0, could fundamentally transform industries and drive US competitive advantage in the 2020s.
• 5G-enabled IoT use cases, such as connected vehicles, smart cities, and Industry 4.0, could fundamentally transform industries and drive US competitive advantage in the 2020s.
• The trend that will have the biggest impact on the life science industry in 2019 is the convergence of IT and automated shop floor services, which is being driven by the Industrial Internet of Things and Industry 4.0.
• The global industry 4.0 market will witness remarkable growth in the coming years owing to the rising adoption for industrial automation, growing usage of robot technology, and an upsurge in government funding to promote digitalization.
• SiLC Technologies' Smart Vision is expected to disrupt the global LiDAR market in the next three to five years by providing in-depth, detailed information about objects in many user environments.
• The Asian industry 4.0 market is expected to register a CAGR of approximately 24% during the forecast period (2020-2025).
• The global AI market is expected to touch $118.6 billion by 2025, and the innovation in the arena of AI is gaining momentum.
• The market for the Industry 4.0 is projected to reach a 3.4 billion euros next year.
• The market for 5G cellular connections in manufacturing is expected to reach US$ 10.8 billion by 2030, at a Compound Annual Growth Rate of 187%.
• The global industry 4.0 market is anticipated to record a CAGR of around 10.19% during the forecast period, i.e. 2019-2027.

Last updated: 18 April 2021