Market revenue in 2023 | USD 9,478.5 million |
Market revenue in 2030 | USD 30,574.3 million |
Growth rate | 18.2% (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 |
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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 49.65% in 2023. Horizon Databook has segmented the UK industry 4.0 market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The roots of Industry 4.0 in the country can be traced back in the past when the convergence of technologies such as the IoT, AI, robotics and data analytics began to reshape traditional manufacturing practices.
The U.K. government recognized the potential of this revolution and launched various initiatives to foster its growth. The “Made Smarter Review” published and emphasized the need for increased investment in research and development, as well as the importance of upskilling the workforce to align with the changing technologies landscape.
The impact of Industry 4.0 on different sectors of the U.K. economy has been profound. In manufacturing the adoption of smart factors equipped with IoT sensors and AI-driven analytics has led to predictive maintenance, reduced downtime, and enhanced production quality.
Horizon Databook provides a detailed overview of country-level data and insights on the UK industry 4.0 market , including forecasts for subscribers. This country databook contains high-level insights into UK industry 4.0 market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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