This forecast corresponds to an annual average growth of 16.9% from 2019 to 2024.
An important part of the Fourth Industrial Revolution is the mass introduction of cyber physical systems into production, which is also called Industry 4.0. This concept includes technologies ( Iot, artificial intelligence, industrial robotics, AR, VR,… ) that revolutionize the field of production.
according to “Research And Markets” analysts, the growing spread of the industrial Internet of things and the increasing attention to improving the efficiency of machines and systems, as well as reducing production costs, play an important role in the growth of the market and a huge demand for industrial robotics.
Industry 4.0 technologies, including digitization and linking functions and processes in the supply chain, as well as planning throughout the value chain, are a leader. In their view, continuous investment in manufacturing will allow the US to maintain its technological dominance over other market participants for the foreseeable future.
