Global Industry 5.0 Market is valued approximately USD 60.21 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 31.20% over the forecast period 2024-2032. Industry 5.0 is a framework that emphasizes the integration of human-centric principles into advanced manufacturing processes. It represents the next stage of industrial evolution beyond Industry 4.0, which is characterized by automation, data exchange, and smart technologies. Furthermore, rising focus on digital twin technology are gaining attention towards Global Industry 5.0 Market. Digital twin technology allows companies to create virtual replicas of physical assets, processes, or systems. These digital twins can simulate real-world scenarios, enabling companies to analyze performance, optimize processes, and predict outcomes with greater accuracy
Global Industry 5.0 Market is driven by rising demand for personalization and increasing focus on additive manufacturing across the world. Industry 5.0 emphasizes on the integration of human expertise and creativity into advanced manufacturing processes. This allows companies to offer highly customized products and services that meet the unique preferences, needs, and requirements of individual customers. In addition, Additive manufacturing offers unparalleled flexibility and customization compared to traditional manufacturing methods. It allows companies to produce complex geometries and customized products without the need for expensive tooling or equipment changes. However, high cost of Industry 5.0 technologies and lack of standardization is going to impede the overall demand for the market during the forecast period 2024-2032.
The key regions considered for the Global Industry 5.0 market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, North America was the largest regional market in terms of revenue owing to factors such as rising industrial automation across the region. Industry 5.0 leverages smart manufacturing technologies to create agile, adaptive, and responsive manufacturing systems that can quickly adapt to changing market conditions and customer demands. Furthermore, the market in Asia Pacific, on the other hand, is expected to grow at the fastest rate over the forecast period.
Major market player included in this report are:
- Fanuc Corporation
- Cisco Systems, Inc.
- Yaskawa Electric Corp.
- Universal Robots A/S
- Kuka AG
- Siemens AG
- Nexus Integra
- ABB Ltd
- Rockwell Automation, Inc.
- Schneider Electric SE
The detailed segments and sub-segment of the market are explained below:
By End-Use Vertical
- Manufacturing
- Healthcare
- Telecommunication
- Automotive
- Semiconductor
- Others
By Technology
- Robotics
- Internet of Things (IoT)
- Automation
- Augmented Reality and Virtual Reality
- Cloud Computing
- Big Data
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- RoMEA
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market.
Table of Contents
Chapter 1.Global Industry 5.0 Market Definition and Research Assumptions
- 1.1.Research Objective
- 1.2.Market Definition
- 1.3.Research Assumptions
- 1.3.1.Inclusion & Exclusion
- 1.3.2.Limitations
- 1.3.3.Supply Side Analysis
- 1.3.3.1.Availability
- 1.3.3.2.Infrastructure
- 1.3.3.3.Regulatory Environment
- 1.3.3.4.Market Competition
- 1.3.3.5.Economic Viability (Consumer's Perspective)
- 1.3.4.Demand Side Analysis
- 1.3.4.1.Regulatory frameworks
- 1.3.4.2.Technological Advancements
- 1.3.4.3.Environmental Considerations
- 1.3.4.4.Consumer Awareness & Acceptance
- 1.4.Estimation Methodology
- 1.5.Years Considered for the Study
- 1.6.Currency Conversion Rates
Chapter 2.Executive Summary
- 2.1.Global Industry 5.0 Market Size & Forecast (2022- 2032)
- 2.2.Regional Summary
- 2.3.Segmental Summary
- 2.3.1.By End-Use Vertical
- 2.3.2.By Technology
- 2.4.Key Trends
- 2.5.Recession Impact
- 2.6.Analyst Recommendation & Conclusion
Chapter 3.Global Industry 5.0 Market Dynamics
- 3.1.Market Drivers
- 3.2.Market Challenges
- 3.3.Market Opportunities
Chapter 4.Global Industry 5.0 Market: Industry Analysis
- 4.1.Porter's 5 Force Model
- 4.1.1.Bargaining Power of Suppliers
- 4.1.2.Bargaining Power of Buyers
- 4.1.3.Threat of New Entrants
- 4.1.4.Threat of Substitutes
- 4.1.5.Competitive Rivalry
- 4.1.6.Futuristic Approach to Porter's 5 Force Model
- 4.1.7.Porter's 5 Force Impact Analysis
- 4.2.PESTEL Analysis
- 4.2.1.Political
- 4.2.2.Economic
- 4.2.3.Social
- 4.2.4.Technological
- 4.2.5.Environmental
- 4.2.6.Legal
- 4.3.Top investment opportunity
- 4.4.Top winning strategies
- 4.5.Disruptive Trends
- 4.6.Industry Expert Perspective
- 4.7.Analyst Recommendation & Conclusion
Chapter 5.Global Industry 5.0 Market Size & Forecasts by End-Use Vertical 2022-2032
- 5.1.Manufacturing
- 5.2.Healthcare
- 5.3.Telecommunication
- 5.4.Automotive
- 5.5.Semiconductor
- 5.6.Others
Chapter 6.Global Industry 5.0 Market Size & Forecasts by Technology 2022-2032
- 6.1.Robotics
- 6.2.Internet of Things (IoT)
- 6.3.Automation
- 6.4.Augmented Reality and Virtual Reality
- 6.5.Cloud Computing
- 6.6.Big Data
- 6.7.Others
Chapter 7.Global Industry 5.0 Market Size & Forecasts by Region 2022-2032
- 7.1.North America Industry 5.0 Market
- 7.1.1.U.S. Industry 5.0 Market
- 7.1.1.1.End-Use Vertical breakdown size & forecasts, 2022-2032
- 7.1.1.2.Technology breakdown size & forecasts, 2022-2032
- 7.1.2.Canada Industry 5.0 Market
- 7.2.Europe Industry 5.0 Market
- 7.2.1.U.K. Industry 5.0 Market
- 7.2.2.Germany Industry 5.0 Market
- 7.2.3.France Industry 5.0 Market
- 7.2.4.Spain Industry 5.0 Market
- 7.2.5.Italy Industry 5.0 Market
- 7.2.6.Rest of Europe Industry 5.0 Market
- 7.3.Asia-Pacific Industry 5.0 Market
- 7.3.1.China Industry 5.0 Market
- 7.3.2.India Industry 5.0 Market
- 7.3.3.Japan Industry 5.0 Market
- 7.3.4.Australia Industry 5.0 Market
- 7.3.5.South Korea Industry 5.0 Market
- 7.3.6.Rest of Asia Pacific Industry 5.0 Market
- 7.4.Latin America Industry 5.0 Market
- 7.4.1.Brazil Industry 5.0 Market
- 7.4.2.Mexico Industry 5.0 Market
- 7.4.3.Rest of Latin America Industry 5.0 Market
- 7.5.Middle East & Africa Industry 5.0 Market
- 7.5.1. Saudi Arabia Industry 5.0 Market
- 7.5.2. South Africa Industry 5.0 Market
- 7.5.3.Rest of Middle East & Africa Industry 5.0 Market
Chapter 8.Competitive Intelligence
- 8.1.Key Company SWOT Analysis
- 8.2.Top Market Strategies
- 8.3.Company Profiles
- 8.3.1.Fanuc Corporation
- 8.3.1.1.Key Information
- 8.3.1.2.Overview
- 8.3.1.3.Financial (Subject to Data Availability)
- 8.3.1.4.Product Summary
- 8.3.1.5.Market Strategies
- 8.3.2.Cisco Systems, Inc.
- 8.3.3.Yaskawa Electric Corp.
- 8.3.4.Universal Robots A/S
- 8.3.5.Kuka AG
- 8.3.6.Siemens AG
- 8.3.7.Nexus Integra
- 8.3.8.ABB Ltd
- 8.3.9.Rockwell Automation, Inc.
- 8.3.10.Schneider Electric SE
Chapter 9.Research Process
- 9.1.Research Process
- 9.1.1.Data Mining
- 9.1.2.Analysis
- 9.1.3.Market Estimation
- 9.1.4.Validation
- 9.1.5.Publishing
- 9.2.Research Attributes