The North America Industry 4.0 Market would witness market growth of 19.6% CAGR during the forecast period (2022-2028).
Businesses have been "digitizing" their plants for years by implementing distributed as well as supervised control systems, as well as, in certain cases, cutting-edge process controls. While this has substantially enhanced visualizations for operators, the majority of businesses with large amounts of assets really haven't maintained with the most recent developments in analytics and AI-powered decision-support systems.
Operators continue to rely on their prior knowledge, gut instinct, and discretion. For instance, today's smaller teams of control-room operators are required to manually examine a variety of signals on a variety of screens and make adjustments as necessary. They must simultaneously troubleshoot, conduct tests, and conduct trials, to mention a few duties that exceed the boundaries of their human capacity. Because of this, several operators prioritize urgent tasks that do not necessarily offer value and take shortcuts.
The American automobile industry makes up the majority of the market for industrial robots, but other sectors are now implementing automation in their manufacturing processes. Industrial robot manufacturers in the United States are not as large as those in other countries. Like Mexico and the US, Canada is a significant auto-producing nation. In 2016 and 2017, there was an increase in foreign investment in the automotive sector as major automakers announced plans to contribute in expanding or modernizing current processes in Canada. These initiatives are creating more growth opportunities for the market players across this region in the coming years.
The US market dominated the North America Automated Guided Vehicles Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3.1 billion by 2028. The Canada market is experiencing a CAGR of 22.2% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 21.2% during (2022 - 2028).
Based on Technology, the market is segmented into Industrial Sensors, Machine Vision, Industrial Robots, HMI, Blockchain, Industrial 3D Printing, AI in Manufacturing, Digital Twin, Machine Condition Monitoring, and Automated Guided Vehicles. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Industry 4.0 Market is Estimated to reach $195.8 Billion by 2028, at a CAGR of 19.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Advantech Co., Ltd., Basler AG, Cisco Systems, Inc., Cognex Corporation, Daifuku Co., Limited, Emerson Electric Co., General Electric (GE) Co., Honeywell International, Inc., and IBM Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Technology
- Industrial Sensors
- Machine Vision
- Industrial Robots
- HMI
- Blockchain
- Industrial 3D Printing
- AI in Manufacturing
- Digital Twin
- Machine Condition Monitoring
- Automated Guided Vehicles
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- ABB Group
- Advantech Co., Ltd.
- Basler AG
- Cisco Systems, Inc.
- Cognex Corporation
- Daifuku Co., Limited
- Emerson Electric Co.
- General Electric (GE) Co.
- Honeywell International, Inc.
- IBM Corporation
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Industry 4.0 Market, by Technology
1.4.2 North America Industry 4.0 Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2020, Feb – 2022, Jun) Leading Players
Chapter 4. North America Industry 4.0 Market by Technology
4.1 North America Industrial Sensors Market by Country
4.2 North America Machine Vision Market by Country
4.3 North America Industrial Robots Market by Country
4.4 North America HMI Market by Country
4.5 North America Blockchain Market by Country
4.6 North America Industrial 3D Printing Market by Country
4.7 North America AI in Manufacturing Market by Country
4.8 North America Digital Twin Market by Country
4.9 North America Machine Condition Monitoring Market by Country
4.1 North America Automated Guided Vehicles Market by Country
Chapter 5. North America Industry 4.0 Market by Country
5.1 US Industry 4.0 Market
5.1.1 US Industry 4.0 Market by Technology
5.2 Canada Industry 4.0 Market
5.2.1 Canada Industry 4.0 Market by Technology
5.3 Mexico Industry 4.0 Market
5.3.1 Mexico Industry 4.0 Market by Technology
5.4 Rest of North America Industry 4.0 Market
5.4.1 Rest of North America Industry 4.0 Market by Technology
Chapter 6. Company Profiles
6.1 ABB Group
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expense
6.1.5 Recent strategies and developments:
6.1.5.1 Partnerships, Collaborations, and Agreements:
6.1.5.2 Product Launches and Product Expansions:
6.1.5.3 Acquisition and Mergers:
6.1.5.4 Geographical Expansions:
6.1.6 SWOT Analysis
6.2 Advantech Co., Ltd.
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expense
6.2.5 Recent strategies and developments:
6.2.5.1 Partnerships, Collaborations and Agreements:
6.2.5.2 Product Launches and Product Expansions:
6.3 Cognex Corporation
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Regional Analysis
6.3.4 Research & Development Expense
6.3.5 Recent strategies and developments:
6.3.5.1 Product Launches and Product Expansions:
6.3.5.2 Acquisition and Mergers:
6.4 Basler AG
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Regional Analysis
6.4.4 Research & Development Expense
6.5 IBM Corporation
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Regional & Segmental Analysis
6.5.4 Research & Development Expenses
6.5.5 Recent strategies and developments:
6.5.5.1 Partnerships, Collaborations, and Agreements:
6.5.5.2 Acquisition and Mergers:
6.5.6 SWOT Analysis
6.6 Cisco Systems, Inc.
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Regional Analysis
6.6.4 Research & Development Expense
6.6.5 Recent strategies and developments:
6.6.5.1 Acquisition and Mergers:
6.6.6 SWOT Analysis
6.7 Honeywell International, Inc.
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Segmental and Regional Analysis
6.7.4 Research & Development Expenses
6.7.5 Recent strategies and developments:
6.7.5.1 Partnerships, Collaborations, and Agreements:
6.7.5.2 Acquisition and Mergers:
6.7.6 SWOT Analysis
6.8 General Electric (GE) Co.
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Segmental and Regional Analysis
6.8.4 Research & Development Expense
6.8.5 Recent strategies and developments:
6.8.5.1 Partnerships, Collaborations, and Agreements:
6.8.5.2 Product Launches and Product Expansions:
6.8.6 SWOT Analysis
6.9 Daifuku Co., Limited
6.9.1 Company Overview
6.9.2 Financial Analysis
6.9.3 Segmental and Regional Analysis
6.9.4 Research & Development Expense
6.9.5 Recent strategies and developments:
6.9.5.1 Acquisition and Mergers:
6.10. Emerson Electric Co.
6.10.1 Company Overview
6.10.2 Financial Analysis
6.10.3 Segmental and Regional Analysis
6.10.4 Research & Development Expense
6.10.5 Recent strategies and developments:
6.10.5.1 Acquisition and Mergers:
6.10.5.2 Geographical Expansions:
TABLE 1 North America Industry 4.0 Market, 2018 - 2021, USD Million
TABLE 2 North America Industry 4.0 Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements – Industry 4.0 Market
TABLE 4 Product Launches And Product Expansions – Industry 4.0 Market
TABLE 5 Acquisition and Mergers – Industry 4.0 Market
TABLE 6 Geographical Expansions – Industry 4.0 Market
TABLE 7 North America Industry 4.0 Market by Technology, 2018 - 2021, USD Million
TABLE 8 North America Industry 4.0 Market by Technology, 2022 - 2028, USD Million
TABLE 9 North America Industrial Sensors Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Industrial Sensors Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Machine Vision Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Machine Vision Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Industrial Robots Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Industrial Robots Market by Country, 2022 - 2028, USD Million
TABLE 15 North America HMI Market by Country, 2018 - 2021, USD Million
TABLE 16 North America HMI Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Blockchain Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Blockchain Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Industrial 3D Printing Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Industrial 3D Printing Market by Country, 2022 - 2028, USD Million
TABLE 21 North America AI in Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 22 North America AI in Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Digital Twin Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Digital Twin Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Machine Condition Monitoring Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Machine Condition Monitoring Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Automated Guided Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Automated Guided Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Industry 4.0 Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Industry 4.0 Market by Country, 2022 - 2028, USD Million
TABLE 31 US Industry 4.0 Market, 2018 - 2021, USD Million
TABLE 32 US Industry 4.0 Market, 2022 - 2028, USD Million
TABLE 33 US Industry 4.0 Market by Technology, 2018 - 2021, USD Million
TABLE 34 US Industry 4.0 Market by Technology, 2022 - 2028, USD Million
TABLE 35 Canada Industry 4.0 Market, 2018 - 2021, USD Million
TABLE 36 Canada Industry 4.0 Market, 2022 - 2028, USD Million
TABLE 37 Canada Industry 4.0 Market by Technology, 2018 - 2021, USD Million
TABLE 38 Canada Industry 4.0 Market by Technology, 2022 - 2028, USD Million
TABLE 39 Mexico Industry 4.0 Market, 2018 - 2021, USD Million
TABLE 40 Mexico Industry 4.0 Market, 2022 - 2028, USD Million
TABLE 41 Mexico Industry 4.0 Market by Technology, 2018 - 2021, USD Million
TABLE 42 Mexico Industry 4.0 Market by Technology, 2022 - 2028, USD Million
TABLE 43 Rest of North America Industry 4.0 Market, 2018 - 2021, USD Million
TABLE 44 Rest of North America Industry 4.0 Market, 2022 - 2028, USD Million
TABLE 45 Rest of North America Industry 4.0 Market by Technology, 2018 - 2021, USD Million
TABLE 46 Rest of North America Industry 4.0 Market by Technology, 2022 - 2028, USD Million
TABLE 47 Key Information – ABB Group
TABLE 48 Key Information – Advantech Co., Ltd.
TABLE 49 Key information – Cognex Corporation
TABLE 50 Key Information – Basler AG
TABLE 51 Key information – IBM Corporation
TABLE 52 Key Information – Cisco Systems, Inc.
TABLE 53 Key Information – Honeywell International, Inc.
TABLE 54 KEY INFORMATION – GENERAL ELECTRIC (GE) CO.
TABLE 55 Key Information – Daifuku Co., Limited
TABLE 56 Key Information – Emerson Electric Co.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions: 2020, Feb – 2022, Jun) Leading Players
FIG 5 Recent strategies and developments: ABB Group
FIG 6 SWOT Analysis: ABB Group
FIG 7 Recent strategies and developments: Cognex Corporation
FIG 8 Recent strategies and developments: IBM Corporation
FIG 9 Swot analysis: IBM Corporation
FIG 10 SWOT Analysis: Cisco Systems, Inc.
FIG 11 Recent strategies and developments: Honeywell International, Inc.
FIG 12 Swot analysis: Honeywell international, inc.
FIG 13 Swot analysis: General electric (GE) Co.
FIG 14 Recent strategies and developments: Emerson Electric Co.