Asia Pacific Industry 4.0 Market Size & Outlook, 2023-2030
Asia Pacific industry 4.0 market, 2018-2030 (US$M)
Related Markets
Asia Pacific industry 4.0 market highlights
- The Asia Pacific industry 4.0 market generated a revenue of USD 63,637.1 million in 2023.
- The market is expected to grow at a CAGR of 21.7% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 63,637.1 million |
| Market revenue in 2030 | USD 251,662.2 million |
| Growth rate | 21.7% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | ABB Ltd, Cisco Systems Inc, Cognex Corp, Denso Corp, Emerson Electric Co, Fanuc Corp, GE Aerospace, Honeywell International Inc, Intel Corp, Johnson Controls International PLC, Robert Bosch Engineering & Business Solutions, Rockwell Automation Inc, Schneider Electric SE, Siemens AG, Kuka Group |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 36.2% of the global industry 4.0 market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 251,662.2 million by 2030.
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Industry 4.0 Market Scope
Industry 4.0 Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific industry 4.0 market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industry 4.0 market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 49.78% in 2023. Horizon Databook has segmented the Asia Pacific industry 4.0 market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific region has been experiencing rapid growth in the Industry 4.0 market in recent years. The Asia Pacific region is home to some of the world's largest manufacturing hubs, including China, Japan, and South Korea.
These countries have been at the forefront of adopting Industry 4.0 technologies, with China being the leader in this area. In addition to these countries, other countries in the Asia Pacific region such as Australia, Singapore, and Malaysia have also been investing in Industry 4.0 technologies.
One of the main drivers is the need for businesses to remain competitive in an increasingly globalized market. The integration of advanced technologies into manufacturing processes enables businesses to increase efficiency, reduce costs, and improve product quality, thereby increasing their competitiveness.
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Target buyers of Asia Pacific industry 4.0 market databook
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Our clientele includes a mix of industry 4.0 market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific industry 4.0 market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific industry 4.0 market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific industry 4.0 market size, by country, 2018-2030 (US$M)
Asia Pacific Industry 4.0 Market Outlook Share, 2023 & 2030 (US$M)
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