Market Share of Asia Industry 4.0 Industry
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
Mitsubishi Electric
Omron Corporation
Yokogawa Electric Corporation
Fanuc Corporation
Yaskawa Electric Corporation
*Disclaimer: Major Players sorted in no particular order
