Asia Industry 4.0 Market Size

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.