Canada Industry 4.0 Market Size & Outlook, 2023-2030
Canada industry 4.0 market, 2018-2030 (US$M)
Related Markets
Canada industry 4.0 market highlights
- The Canada industry 4.0 market generated a revenue of USD 4,373.3 million in 2023 and is expected to reach USD 14,918.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 19.2% 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.
Industry 4.0 market data book summary
| Market revenue in 2023 | USD 4,373.3 million |
| Market revenue in 2030 | USD 14,918.0 million |
| Growth rate | 19.2% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 2.5% of the global industry 4.0 market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. industry 4.0 market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 14,918.0 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Industry 4.0 Market Scope
Industry 4.0 Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 50.77% in 2023. Horizon Databook has segmented the Canada industry 4.0 market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The Canadian government has recognized the importance of Industry 4.0 and has taken steps to promote its growth. Initiatives such as the “Innovation Superclusters Initiative” and the “Digital Technology Supercluster” have been launched to foster collaboration between industry, academia, and government, driving innovation and technology adoption.
Additionally, Canada’s “Innovation and Skills Plan” emphasizes the importance of digital literacy and skills development to ensure a workforce that is equipped to thrive in the digital era. The manufacturing sector has embraced the principles to enhance productivity and competitiveness.
Smart factors equipped with IoT devices, sensors and connected systems enable real-time monitoring of production processes, predictive maintenance and optimization of resources utilization. This transformation has not only improved efficiency but also led to the creation of new business models and revenue streams.
Reasons to subscribe to Canada industry 4.0 market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Canada industry 4.0 market databook
-
Our clientele includes a mix of industry 4.0 market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 country-level data and insights on the Canada industry 4.0 market , including forecasts for subscribers. This country databook contains high-level insights into Canada industry 4.0 market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Canada industry 4.0 market size, by component, 2018-2030 (US$M)
Canada Industry 4.0 Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
