Global Industry 4.0 Market Size & Outlook, 2023-2030

The global industry 4.0 market size was estimated at USD 175,941.7 million in 2023 and is projected to reach USD 627,586.6 million by 2030, growing at a CAGR of 19.9% from 2024 to 2030.
Revenue, 2023 (US$M)
$175,941.7
Forecast, 2030 (US$M)
$627,586.6
CAGR, 2024 - 2030
19.9%
Report Coverage
Worldwide

Global industry 4.0 market highlights

  • The global industry 4.0 market generated a revenue of USD 175,941.7 million in 2023 and is expected to reach USD 627,586.6 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 19.9% by 2030.
  • In terms of segment, hardware accounted for a revenue of USD 87,454.5 million in 2023.
  • Software is the most lucrative component segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2023.
  • Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.

Global data book summary

Market revenue in 2023USD 175,941.7 million
Market revenue in 2030USD 627,586.6 million
Growth rate19.9% (CAGR from 2023 to 2030)
Largest segmentHardware
Fastest growing segmentSoftware
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHardware, Software, Services

Other key industry trends

  • In terms of revenue, the North America accounted for 30.6% of the global industry 4.0 market in 2023.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, U.S. is the fastest growing regional market and is projected to reach USD 158,547.0 million by 2030.

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Industry 4.0 Market Companies

Name Profile # Employees HQ Website
Kuka Group View profile - Hangzhou, Zhejiang, China, Asia -
Robert Bosch Engineering & Business Solutions View profile 10001+ Bangalore, Karnataka, India, Asia http://www.bosch-india-software.com
Cisco Systems Inc View profile 84900 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 https://www.cisco.com
Denso Corp View profile 195471 1-1 Showa-cho, Kariya, Japan, 448-8661 http://www.denso.co.jp
Cognex Corp View profile 2992 One Vision Drive, Natick, MA, United States, 01760-2059 https://www.cognex.com
Fanuc Corp View profile 11532 3580, Shibokusa, Oshino-mura, Minamitsuru-gun, Yamanashi, Japan, 401-0597 http://www.fanuc.co.jp
Emerson Electric Co View profile 67000 8000 West Florissant Avenue, P.O. Box 4100, St. Louis, MO, United States, 63136 https://www.emerson.com
Honeywell International Inc View profile 95000 855 South Mint Street, Charlotte, NC, United States, 28202 https://www.honeywell.com
Rockwell Automation Inc View profile 29000 1201 South Second Street, Milwaukee, WI, United States, 53204 https://www.rockwellautomation.com
GE Aerospace View profile 125000 One Financial Center, Suite 3700, Boston, MA, United States, 02111 https://www.geaerospace.com
Siemens AG View profile 321000 Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 https://www.siemens.com
ABB Ltd View profile 108700 Affolternstrasse 44, Zurich, Switzerland, 8050 https://www.abb.com
Intel Corp View profile 124800 2200 Mission College Boulevard, Santa Clara, CA, United States, 95054-1549 https://www.intel.com
Schneider Electric SE View profile 162339 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 https://www.se.com
Johnson Controls International PLC View profile 102000 One Albert Quay, Cork, Ireland, T12 X8N6 https://www.johnsoncontrols.com

Global 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 49.71% in 2023. Horizon Databook has segmented the Global industry 4.0 market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Industry 4.0 Component Outlook (Revenue, USD Million, 2018-2030)
    • Hardware
    • Software
    • Services
  • Global Industry 4.0 Technology Outlook (Revenue, USD Million, 2018-2030)
    • Industrial Internet of Things (IIoT)
    • Robotics & Automation
    • Artificial Intelligence (AI) & Machine Learning (ML)
    • Big Data & Advanced Analytics
    • Additive Manufacturing (3D Printing)
    • Augmented Reality (AR) & Virtual Reality (VR)
    • Digital Twin & Simulation
    • Blockchain and Secure Data Exchange
    • Others
  • Global Industry 4.0 Industry Vertical Outlook (Revenue, USD Million, 2018-2030)
    • Manufacturing
    • Petrochemicals
    • Automotive
    • Energy and Utilities
    • Oil and Gas
    • Food and Beverages
    • Aerospace and Defense
    • Others

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Horizon Databook provides a detailed overview of global-level data and insights on the Global industry 4.0 market , including forecasts for subscribers. This global databook contains high-level insights into Global industry 4.0 market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global industry 4.0 market size, by regions, 2018-2030 (US$M)

Top 10 countries: Industry 4.0 market size, 2023 (US$M)

Global industry 4.0 market share, by component, 2023 & 2030 (%, US$M)

Industry 4.0 market: Opportunity assessment by country

Global industry 4.0 market, by region, 2023 (US$M)

Global industry 4.0 market size, by regions, 2018-2030 (US$M)

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