Saudi Arabia Industry 4.0 Market Size & Outlook, 2023-2030
Saudi Arabia industry 4.0 market, 2018-2030 (US$M)
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Saudi Arabia industry 4.0 market highlights
- The Saudi Arabia industry 4.0 market generated a revenue of USD 1,247.2 million in 2023 and is expected to reach USD 4,662.9 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 20.7% 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.
Industry 4.0 market data book summary
| Market revenue in 2023 | USD 1,247.2 million |
| Market revenue in 2030 | USD 4,662.9 million |
| Growth rate | 20.7% (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, Saudi Arabia accounted for 0.7% 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 Middle East & Africa, Saudi Arabia industry 4.0 market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 2,632.9 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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Saudi Arabia 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 50.88% in 2023. Horizon Databook has segmented the Saudi Arabia industry 4.0 market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia is also experiencing significant growth in its Industry 4.0 market. The integration of advanced technologies such as robotics, artificial intelligence, and the Internet of Things (IoT) into the manufacturing process is becoming more prevalent in the country.
The Saudi government has recognized the importance of Industry 4.0 and has made efforts to promote its adoption. The country has invested heavily in infrastructure, education, and research to support the growth of advanced manufacturing technologies.
One of the driving factors behind this growth is the country's strategic location, which provides easy access to regional markets. The availability of skilled labor is also a significant factor that is driving the growth of Industry 4.0 in Saudi Arabia.
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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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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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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia industry 4.0 market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia industry 4.0 market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia industry 4.0 market size, by component, 2018-2030 (US$M)
Saudi Arabia Industry 4.0 Market Outlook Share, 2023 & 2030 (US$M)
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