U.S. Industry 4.0 Market Size & Outlook, 2023-2030
U.S. industry 4.0 market, 2018-2030 (US$M)
Related Markets
U.S. industry 4.0 market highlights
- The U.S. industry 4.0 market generated a revenue of USD 49,378.5 million in 2023 and is expected to reach USD 158,547.0 million by 2030.
- The U.S. market is expected to grow at a CAGR of 18.1% 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 49,378.5 million |
| Market revenue in 2030 | USD 158,547.0 million |
| Growth rate | 18.1% (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, U.S. accounted for 28.1% 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 North America, U.S. industry 4.0 market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 14,918.0 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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U.S. 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 48.87% in 2023. Horizon Databook has segmented the U.S. industry 4.0 market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. has been a hub of innovation, developing and adopting technologies, like the IoT, AI, cloud computing, and additive manufacturing. Advanced analytics allow manufacturers to extract insights and optimize processes, resulting in improved efficiency and quality.
Industry 4.0 will continue to evolve, with smart factories becoming more prevalent. These factories will use real-time data to optimize processes, predict maintenance needs and improve overall efficiency.
The integration of AI and machine learning will enable systems to become more adaptive and autonomous, further enhancing efficiency and decision making. Industry 4.0 can contribute to sustainability efforts by optimizing resources usage, reducing waste, and improving energy efficiency.
Reasons to subscribe to U.S. 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 U.S. 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 U.S. industry 4.0 market , including forecasts for subscribers. This country databook contains high-level insights into U.S. industry 4.0 market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. industry 4.0 market size, by component, 2018-2030 (US$M)
U.S. Industry 4.0 Market Outlook Share, 2023 & 2030 (US$M)
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