Industry 5.0 Market Share

  • Report ID: 3603
  • Published Date: Feb 05, 2024
  • Report Format: PDF, PPT

Industry 5.0 Market Share

APAC Market Forecast

Industry 5.0 market in Asia Pacific is predicted to account for the largest share of 48% by 2036 impelled by the presence of government initiatives such as Made in India, Skill India, and Made in China. India hopes to establish itself as a manufacturing hub which is expected to result in higher demand for Industry 5.0 as it has a lot of potential to work with these initiatives. Moreover, the "Made in India" campaign is built around four pillars that the Indian government has determined to stimulate entrepreneurship in the country and establish it as the top global manufacturing destination for product development, and assembly.

In addition, "Made in China 2025" is a campaign that the Chinese government has started which is a state-led industrial program and national strategic plan of the Chinese Communist Party (CCP) that aims to establish China as a global leader in high-tech manufacturing, and quickly grow its high-tech sectors and base of advanced manufacturing to catch up with—and eventually surpass-Western technological prowess in advanced industries. 

North American Market Statistics

The North America Industry 5.0 market is estimated to be the second largest, during the forecast timeframe led by the growing adoption of advanced technologies. In terms of AI development, the US leads the globe, and with its worldwide IT giants, the region has been a hub for technological innovation. For instance, more than 70% of US businesses have already incorporated AI into some aspect of their operations. Additionally, the market is increasing as cloud-based machine learning services are becoming more and more popular in North America which is an innovative technology that is positively transforming business, healthcare, education, and finance.

Research Nester
Industry 5.0 Market size
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Author Credits:  Abhishek Verma

  • Report ID: 3603
  • Published Date: Feb 05, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The rising emergence of advanced technologies, namely industrial Internet of Things (IIoT) and artificial intelligence and the rapid industrial digitization are the major factors driving the growth of the market.

The market size of Industry 5.0 is anticipated to attain a CAGR of 20% over the forecast period, i.e., 2024-2036.

The major players in the market are ENSAI INGENIERIA S.L., Siemens AG, Rockwell Automation Inc., Schneider Electric, ABB Ltd., IBM Corporation, Microsoft Corporation, Cisco Systems, Inc., General Electric Company, and others.

The manufacturing segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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