According to a new report, published by KBV research, The Global Industry 5.0 Market size is expected to reach $376.51 billion by 2031, rising at a market growth of 29.0% CAGR during the forecast period.
The Software segment captured a CAGR of 28.5% during (2024 - 2031). This is fueled by the rising adoption of AI-driven analytics, digital twins, and predictive maintenance solutions. Integrating cloud computing, cybersecurity frameworks, and real-time data processing software has enhanced industrial automation and efficiency. Furthermore, the demand for customized manufacturing solutions and seamless human-machine interaction has accelerated the development of smart software applications, contributing to the segment’s significant market growth.
The Manufacturing segment is leading the Global Industry 5.0 Market by End Use in 2023; thereby, achieving a market value of $97.42 billion by 2031. This sector is driving the adoption of advanced technologies like robotics, AI, and IoT to improve production efficiency, reduce costs, and enhance product quality. Integrating smart technologies in manufacturing also supports the shift toward more customized, flexible, and sustainable production processes, further increasing its dominance in the Industry 5.0 landscape.
The Artificial Intelligence (AI) & Machine Learning (ML) segment is exhibiting a CAGR of 28.1% during (2024 - 2031). AI and ML are being widely adopted for their ability to optimize production processes, enhance decision-making, and improve predictive maintenance. These technologies empower industries to analyze large volumes of data, improve operational efficiency, and create more personalized consumer experiences. Additionally, AI and ML are enabling smarter automation, which helps businesses streamline operations and improve overall competitiveness.
Full Report: https://www.kbvresearch.com/industry-5-market/
The North America region dominated the Global Industry 5.0 Market by Region in 2023; thereby, achieving a market value of $119.58 billion by 2031. The Europe region is registering a CAGR of 28.6% during (2024 - 2031). Additionally, The Asia Pacific market would witness a CAGR of 29.7% during (2024 - 2031).
By Component
By End Use
By Technology
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