Asia Industry 4.0 Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Asia Industry 4.0 Market is Segmented by Technology Type (Industrial Robotics, IIoT, AI and ML, Blockchain, Extended Reality, Digital Twin, 3D Printing, Other Technology Types), End-user Industry (Manufacturing, Automotive, Oil and Gas, Energy and Utilities, Electronics and Foundry, Food and Beverage, Aerospace and Defense, Other End-user Industries), and Country (China, South Korea, Japan, India, Indonesia, Rest of Asia). The market size and forecasts are provided in terms of value in USD million for all the above segments.

Asia Industry 4.0 Market Size

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Asia Industry 4.0 Market Growth
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 21.60 %
Market Concentration Low

Major Players

Asia Industry 4.0 Market

*Disclaimer: Major Players sorted in no particular order


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Asia Industry 4.0 Market Analysis

The Asian Industry 4.0 market is expected to register a CAGR of 21.6% over the forecast period. Digitization and the Industry 4.0 revolution act as catalysts for the growth of automation among manufacturing industries by using smarter and automated solutions, such as robotics and control systems, that enhance the performance metrics of the production processes.

  • Asia has been an early adopter of technological advancements. The market in these developing economies poses a key advantage in implementing industrial automation since they are not tormented by rebuilding legacy automation systems and machine investments.
  • Robotics is crucial to China's smart manufacturing ambitions and comprehensive industrial policy. A slightly different variation in the configuration of the government agencies (with MIIT again at the helm) announced a related 5-year development plan for the robotics industry in 2022 as the release of the smart manufacturing development plan. The fast pace toward the 5G-powered industry revolution 4.0 is on, and China has a strong head start.
  • According to Huawei, critical communications solutions based on industrial-grade private wireless offer unimaginable possibilities to the power Industry 4.0 use cases, from machine remote control to cloud robotics, process automation, predictive asset maintenance, assisted/autonomous vehicles, CCTV monitoring, and mission-critical push-to-talk and push-to-video, all on a single network infrastructure.
  • Technological changes in the last decade revolutionized the organization of industrial production, influencing production processes and supply chains. Industry 4.0, hereafter, has integrated new technologies such as AI, IoT, ML, cloud computing, and analytics into manufacturing production operations and processes, propelling a new era of smart manufacturing. Digital technologies in manufacturing promote automation and self-optimization, leading to the efficiency of operations across the value chain in the region.
  • Industry revolution 4.0 is fuelled by four significant components: hyper-efficient processing technology (chips), widespread internet penetration, machine learning, and artificial intelligence. While the waves of automation due to past industrial revolutions popularised the mass-homogeneous production systems, Industry 4.0 brings more customized industrial production to the fore. With Industry 4.0, new production models are emerging where 3-D printers, automated systems, robots, data exchanges, and data exchanges are used effectively in an environment of smart factories. This will make the production processes lean and flexible, enabling optimum resource utilization.
  • As Asian countries experienced strict lockdowns during the COVID-19 pandemic, the developments concerning Industry 4.0 were impacted for 6-8 months. Factory closures and shifts in investments were primary factors for the same. Multiple vendors of factory automation solutions shut their facilities in the wake of curbing the spread of the virus. Innovative technologies, such as artificial intelligence (AI), mass automation, industrial communications, big data, robotics, and 3D printing, are transforming the regional manufacturing landscape post-pandemic.

Asia Industry 4.0 Market Trends

This section covers the major market trends shaping the Asia Industry 4.0 Market according to our research experts:

Manufacturing Industry to Hold Significant Market Share

  • The manufacturing industry is a key contributor to the economy of the Asia-Pacific region and is presently undergoing a rapid technological digital transformation. Manufacturing firms are increasingly moving their operations to Southeast Asia to cut costs due to inexpensive workforce availability.
  • Industrial IoT (IIoT) is being adopted significantly in the region of the manufacturing industry. Further, computer and network technologies, such as cloud computing and mobile computing, are also being implemented in these systems, which is expected to boost the adoption of advanced technologies in the country.
  • According to MOSPI, in January 2022, the index of industrial production for the manufacturing sector across India in the financial year of 2021 stood at 116.9. In India, the manufacturing industry has gradually emerged as one of the high-growth sectors. The 'Make in India' program places India on the global map as the manufacturing hub provides international recognition to the Indian economy. Moreover, manufacturing giants such as GE, Siemens, HTC, Toshiba, and Boeing, have either set up or are setting up manufacturing plants in India. These trends are expected to boost the adoption of Industry 4.0 in their plants in the future.
  • The trend is also augmented by Mitsubishi's investment of more than JPY 30 billion to increase the output of its factory automation system products to meet growing demand. Further, the company plans to establish a new plant near its existing facility in Aichi Prefecture and rebuild an existing plant in Nagoya to bolster production capacity. Similar initiatives are expected to boost the adoption of Industry 4.0 technologies across the region's manufacturing industry.
Asia Industry 4.0 - Index of Industrial Production for the Manufacturing Sector

Japan to Witness Significant Growth

  • Japan has been transforming into an automated industrial economy and adopting Industry 4.0 faster in the Asia-Pacific region. The government of Japan has been emerging as a manufacturing hub for automation products and supplies to the regional markets in the Asia-Pacific region.
  • The presence of multiple automobile manufacturers, the food processing industry, and the electronic product manufacturing industry makes Japan an essential market in the region. The country with highly-developed automation technologies and a robotic sector can be regarded as the global leader in the automation of production processes and employment of robotics.
  • The manufacturing industry in Japan contributes around 20% to the country's nominal Gross Domestic Product (GDP). According to the International Monetary Fund, the country's manufacturing sector gained significant ground by implementing the Integrated Manufacturing Tax (ITC). Industry 4.0 in Japan has led to the development of advanced technologies, such as collaborative and AI-enabled robots. These have allowed companies to improve their efficiency and reduce errors by implementing them in various processes. Increasing workplace safety regulations and improving production capabilities are expected to drive demand for robotic systems.
  • The increasing number of digitization initiatives in the country and the emergence of Industry 4.0 are expected to provide promising opportunities for the market. Even with the presence of various factors that have affected the country's economy, it has still managed to grow steadily. Moreover, the electronics and automotive sectors are Japan's most productive manufacturing sectors, which rely heavily on automation daily. This factor is likely to drive digital transformation and automation in the manufacturing processes of various goods.
Asia Industry 4.0 - Government Artificial Intelligence (AI) Readiness Index Rankings

Asia Industry 4.0 Industry Overview

The Asian Industry 4.0 market is very competitive. The market is highly concentrated due to the presence of various small and large players. Some of the significant players in the market are Mitsubishi Electric, Omron Corporation, Yokogawa Electric Corporation, Fanuc Corporation, Yaskawa Electric Corporation, Robert Bosch GmbH General Electric Company, and many more.

In February 2022, Mitsubishi Electric Asia's Factory Automation & Industrial Division joined Singapore's ARTC as a Tier 2 Member. The Advanced Remanufacturing and Technology Centre (ARTC), a contemporary platform built upon solid public-private partnerships company, is expanding its foothold around the Industrial Internet of Things (IIoT) services by developing integrated solutions for manufacturing companies to accelerate digital transformation and scaling up its adoption of Industry 4.0 technologies in response to Singapore's Smart Industry Readiness Index.

In February 2022, the Japanese manufacturing group Mitsubishi Electric inducted the country mate NTT Docomo into its new Industry 4.0 alliance in Thailand to offer private 5G with smart manufacturing solutions from other partners. Mitsubishi Electric called it the first case of 5G with Japanese equipment in Thailand. The companies will build a new private 5G set up in the country by the end of the summer, strategically located for the government's Thailand 4.0 project.

Asia Industry 4.0 Market Leaders

  1. Mitsubishi Electric

  2. Omron Corporation

  3. Yokogawa Electric Corporation

  4. Fanuc Corporation

  5. Yaskawa Electric Corporation

*Disclaimer: Major Players sorted in no particular order

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Asia Industry 4.0 Market News

  • June 2022: Yokogawa Electric Corporation released OpreX asset health insights. OpreX is a cloud-based plant asset monitoring service that refines, collects, and aggregates operational technology data from distributed assets. Asset Health Insights Oprex powered by Yokogawa Cloud is equipped with ML and AI analytics capability. As the adoption of Industry 4.0 technologies continues to pace in the region, companies are changing the way they do asset management by introducing cloud-based technologies that can monitor assets from anywhere in the world and optimize their performance in real-time. Driven by customers' focus on integrated, remote, and increasingly autonomous operations, Yokogawa Electric developed Asset Health Insights to make data more visible, integrated, and actionable.
  • February 2022: SAP Japan honored Mitsubishi Electric Corporation in the category Japan Industry 4.0, part of the SAP Japan Customer Award 2021 program, for demonstrating outstanding leadership in digital transformation. One of the recent activities conducted by Mitsubishi Electric and SAP Japan is launching the IT/OT showcase at Industry 4.0. Now HUB TOKYO demonstrates how the collaboration between robots and people can drive new opportunities in IT-OT vertical integration.

Asia Industry 4.0 Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Bargaining Power of Suppliers

      2. 4.2.2 Bargaining Power of Consumers

      3. 4.2.3 Threat of New Entrants

      4. 4.2.4 Threat of Substitutes Products

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 Impact of COVID-19 on the Market


    1. 5.1 Market Drivers

      1. 5.1.1 Favorable Governmental Initiatives and Collaborations Between Stakeholders in the Region

      2. 5.1.2 Growth in Demand for Industrial Robotics

      3. 5.1.3 Digital Transformation Initiatives Undertaken by SMEs

    2. 5.2 Market Challenges

      1. 5.2.1 Relative Lack of Awareness on the ROI Related to Adoption of Industry 4.0

      2. 5.2.2 Need For Significant Investments to Realize Benefits

      3. 5.2.3 Workforce and Standardization Related Challenges


    1. 6.1 By Technology Type

      1. 6.1.1 Industrial Robotics

      2. 6.1.2 IIoT

      3. 6.1.3 AI and ML

      4. 6.1.4 Blockchain

      5. 6.1.5 Extended Reality

      6. 6.1.6 Digital Twin

      7. 6.1.7 3D Printing

      8. 6.1.8 Other Technology Types

    2. 6.2 By End-user Industry

      1. 6.2.1 Manufacturing

      2. 6.2.2 Automotive

      3. 6.2.3 Oil and Gas

      4. 6.2.4 Energy and Utilities

      5. 6.2.5 Electronics and Foundry

      6. 6.2.6 Food and Beverage

      7. 6.2.7 Aerospace and Defense

      8. 6.2.8 Other End-user Industries

    3. 6.3 By Country

      1. 6.3.1 China

      2. 6.3.2 South Korea

      3. 6.3.3 Japan

      4. 6.3.4 India

      5. 6.3.5 Indonesia

      6. 6.3.6 Rest of Asia


    1. 7.1 Company Profiles

      1. 7.1.1 Mitsubishi Electric

      2. 7.1.2 Omron Corporation

      3. 7.1.3 Yokogawa Electric Corporation

      4. 7.1.4 Fanuc Corporation

      5. 7.1.5 Yaskawa Electric Corporation

      6. 7.1.6 Robert Bosch GmbH

      7. 7.1.7 General Electric Company

      8. 7.1.8 ABB Ltd

      9. 7.1.9 Cisco Systems Inc.

      10. 7.1.10 Intel Corporation

      11. 7.1.11 IBM Corporation

      12. 7.1.12 Denso Corporation

    2. *List Not Exhaustive


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Asia Industry 4.0 Industry Segmentation

Digital transformation in the manufacturing industry marks the advent of Industry 4.0, which addresses several global issues. It modernizes and automates the supply chains of manufacturing companies, which not only helps in data-driven planning but also provides a competitive advantage over counterparts and helps the companies stay ahead in the market. Technologies like industrial robotics, IIoT, 3D printing, artificial intelligence, and machine learning are some technologies used across different manufacturing organizations.

The Asian Industry 4.0 Market is Segmented by Technology Type (Industrial Robotics, IIoT, AI and ML, Blockchain, Extended Reality, Digital Twin, 3D Printing, Other Technology Types), End-user Industry (Manufacturing, Automotive, Oil and Gas, Energy and Utilities, Electronics and Foundry, Food and Beverage, Aerospace and Defense, Other End-user Industries), and Country (China, South Korea, Japan, India, Indonesia, Rest of Asia). The market sizes and forecasts are provided in terms of value in USD million for all the above segments.

By Technology Type
Industrial Robotics
AI and ML
Extended Reality
Digital Twin
3D Printing
Other Technology Types
By End-user Industry
Oil and Gas
Energy and Utilities
Electronics and Foundry
Food and Beverage
Aerospace and Defense
Other End-user Industries
By Country
South Korea
Rest of Asia
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Asia Industry 4.0 Market Research FAQs

The Asia Industry 4.0 Market is projected to register a CAGR of 21.60% during the forecast period (2024-2029)

Mitsubishi Electric, Omron Corporation, Yokogawa Electric Corporation, Fanuc Corporation and Yaskawa Electric Corporation are the major companies operating in the Asia Industry 4.0 Market.

The report covers the Asia Industry 4.0 Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia Industry 4.0 Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

4.0 Market in Asia Industry Report

Statistics for the 2024 4.0 Market in Asia market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. 4.0 Market in Asia analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Asia Industry 4.0 Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)