Asia Industry 4.0 Market – Growth, Trends, And Forecast (2020 – 2025)
Asia Industry 4.0 market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics have been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio, and recent developments. The Market share and Market size prominent players for 2020 to 2025 are profiled in this report.
The Asia Industry 4.0 market is highly competitive and consists of a number of major players. Top Companies like Mitsubishi Electric, Omron Corporation, Yokogawa Electric Corporation, Fanuc Corporation, Yaskawa Electric Corporation, Robert Bosch GmbH, General Electric Company, ABB Ltd, Cisco Systems Inc., Intel Corporation, IBM Corporation, Denso Corporation
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Scope of the Report
The Asian industry 4.0 market is expected to register a CAGR of approximately 24% during the forecast period (2020 – 2025). Digitization and industry 4.0 revolution are acting as catalysts for the growth of automation among manufacturing industries, by using smarter and automated solutions, such as robotics and control systems, that enhances the performance metrics of the production processes.
Key Market Trends
Manufacturing Industry Expected to Hold a Significant Share
– The manufacturing industry is one of the most significant contributors to the economy of Asia-Pacific and is currently undergoing a rapid digital transformation. Low-end global manufacturing firms are increasingly moving their operations to Southeast Asia to cut costs due to inexpensive workforce availability.
– Industrial IoT (IIoT) is being adopted significantly in the region in the manufacturing industry. As per the CIC estimates, IIoT in China was approximately CNY 115.7 billion in 2014, which accounted for roughly an 18% share of the global IIoT, and is expected to reach CNY 150 billion by 2020. Further, computer and network technologies, such as cloud computing and mobile computing, are also being implemented in these systems, which is expected to boost the adoption of industry 4.0 in the country.
– Furthermore, in India, the manufacturing industry has gradually emerged as one of the high-growth sectors. ‘Make in India’ program places India on the world map as a manufacturing hub and provides global recognition to the Indian economy. Also, India is poised to become the fifth-largest manufacturing country in the world by the end of 2020. Moreover, manufacturing giants, such as GE, Siemens, HTC, Toshiba, and Boeing, have either set up or are in the process of setting up manufacturing plants in India. These trends are expected to boost the adoption of industry 4.0 in their plants in the future.
– The trend is also augmented by the recent investment of more than JPY 30 billion by Mitsubishi to increase the output of its factory automation system products to meet growing demand. Further, the company also plans to establish a new plant near its existing facility in Aichi Prefecture and rebuilding an existing plant in Nagoya to bolster production capacity. Similar initiatives are expected to boost the adoption of Industry 4.0 technologies across the region’s manufacturing industry.
What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Asia Industry 4.0 Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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