China Industry 4.0 Market Size & Outlook, 2023-2030
China industry 4.0 market, 2018-2030 (US$M)
Related Markets
China industry 4.0 market highlights
- The China industry 4.0 market generated a revenue of USD 28,426.3 million in 2023 and is expected to reach USD 109,196.2 million by 2030.
- The China market is expected to grow at a CAGR of 21.2% 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 28,426.3 million |
| Market revenue in 2030 | USD 109,196.2 million |
| Growth rate | 21.2% (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, China accounted for 16.2% 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 Asia Pacific, China industry 4.0 market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 28,488.2 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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China 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 49.12% in 2023. Horizon Databook has segmented the China industry 4.0 market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The Industry 4.0 market in China has been experiencing rapid growth in recent years, driven by the integration of advanced technologies such as artificial intelligence, the Internet of Things, and robotics into manufacturing processes.
China has been at the forefront of adopting Industry 4.0 technologies, with the Chinese government implementing several policies aimed at promoting their adoption, such as the Made in China 2025 plan. One of the main drivers of the growth of the Industry 4.0 market in China 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. China's leadership in the adoption of Industry 4.0 technologies can be seen in the country's investments in research and development.
Reasons to subscribe to China industry 4.0 market databook:
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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 China 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 country-level data and insights on the China industry 4.0 market , including forecasts for subscribers. This country databook contains high-level insights into China industry 4.0 market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China industry 4.0 market size, by component, 2018-2030 (US$M)
China Industry 4.0 Market Outlook Share, 2023 & 2030 (US$M)
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