Market revenue in 2023 | USD 641.9 million |
Market revenue in 2030 | USD 2,632.9 million |
Growth rate | 22.3% (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 |
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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 50.35% in 2023. Horizon Databook has segmented the UAE industry 4.0 market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The UAE is experiencing significant growth in its Industry 4.0 market, which involves the integration of advanced technologies like robotics, artificial intelligence, and the Internet of Things (IoT) into the manufacturing process.
The government has recognized the importance of Industry 4.0 and has invested heavily in infrastructure, education, and research to promote its adoption. One of the main drivers of this growth is the UAE's strategic location, which makes it an ideal hub for manufacturing and trade.
The country is located between Asia, Africa, and Europe, which makes it easier for manufacturers to export their products to these regions. Additionally, the availability of skilled labor is another factor driving this growth.
Horizon Databook provides a detailed overview of country-level data and insights on the UAE industry 4.0 market , including forecasts for subscribers. This country databook contains high-level insights into UAE industry 4.0 market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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