Spain Industry 4.0 Market Size & Outlook, 2023-2030
Spain industry 4.0 market, 2018-2030 (US$M)
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Spain industry 4.0 market highlights
- The Spain industry 4.0 market generated a revenue of USD 3,206.1 million in 2023 and is expected to reach USD 11,349.8 million by 2030.
- The Spain market is expected to grow at a CAGR of 19.8% 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 3,206.1 million |
| Market revenue in 2030 | USD 11,349.8 million |
| Growth rate | 19.8% (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, Spain accounted for 1.8% 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 Europe, Germany industry 4.0 market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 11,349.8 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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Spain 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 50.1% in 2023. Horizon Databook has segmented the Spain industry 4.0 market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Spain, like many other countries, has recognized the potential of Industry 4.0 and has taken steps to promote its growth. In 2017, the Spanish government launched a plan called "Industria Conectada 4.0" (Connected Industry 4.0) with the goal of promoting the digital transformation of Spanish industry.
The plan includes a series of measures aimed at supporting companies in their adoption of Industry 4.0 technologies, such as tax incentives, funding for research and development, and the creation of a national network of "digital innovation hubs." One of the main drivers of Industry 4.0 growth in Spain has been the country's strong manufacturing sector.
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Target buyers of Spain 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 Spain industry 4.0 market , including forecasts for subscribers. This country databook contains high-level insights into Spain industry 4.0 market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain industry 4.0 market size, by component, 2018-2030 (US$M)
Spain Industry 4.0 Market Outlook Share, 2023 & 2030 (US$M)
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