A recent survey of over 400 companies worldwide by McKinsey reveals that the technologies of Industry 4.0 helped 96% of the respondents to keep their operations running during the covid-19 crisis, while 56% of them found them critical to their crisis responses. Here’s how the Industry 4.0 Technologies of the Fourth Industrial Revolution helped companies in their efforts.
Covid 19 Analysis on Industry 4.0 Market - OverviewThe trend itself, turned out to be one of the most highly growing market covering each and every sector in it.
Industry 4.0 refers to fourth industrial revolution.
The industrial revolution started from mechanization, like in oil rigs, water power and steam power, to second industrial revolution, including the assembly line and mass production, to the third industrial revolution, including computer and automation and the fourth industrial revolution to physical cyber systems.Certain factors like advancement in robotics and artificial intelligence, sensors, cloud computing, data analytics and software as a service are some of the factors that drive the growth of the Covid 19 Analysis on Industry 4.0 Market.
Another factor actors contributing to the growth of the market are evolution of cloud computing technologies, technological advancements in electronics industry, implementation of smart factory concept & factory automation technologies and government initiatives by different countries across the globe, majorly in Asia Pacific and Europe.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/2375Key PlayersThe prominent players in the Covid 19 Analysis on Industry 4.0 Market are – Bosch Rexroth AG (Germany), Maschinenfabrik Reinhausen GmbH (Germany), SAS (U.S.), Siemens AG (Germany), Wittenstein AG (Germany), General Electric Company (U.S.), Daimler AG (Germany), Klöckner & Co.
SE (Germany), TRUMPF GmbH (Germany), Festo AG & Co. KG (Germany), Wittenstein AG (Germany) among others.Industry 4.0 Global Market - SegmentationSegmentation by Technology: Cloud Computing, IOT platform, Augmented reality, Location detection technology, advanced human machine interfaces, big data analytics, smart sensors, 3D printers, mobile devices..Segmentation by Application: Industrial Automation, smart factory, industrial internet of things (IIoT).Segmentation by End users: Industrial manufacturing, Oil & gas, Construction, Aerospace & defence, Electronics, Automotive, Transportation, Chemical, Pharmaceuticals, Mining & metals, Food & beverages.Industry 4.0 Global Market - Regional AnalysisThe geographical analysis of the Industry 4.0 market covers regions like North America, Europe, Asia Pacific and the rest of the world.
And with the impact of industry 4.0 on Aerospace & defence, the companies are going to be affected in a positive way and therefore many enterprises can capture the market in smart manufacturing and industrial automation.
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