With a 2016-2023 CAGR of 23.7%, Asia Pacific is the Fastest Growing Regional Industry 4.0 Market

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Summary

According to the new market research report” Industry 4.0 Market & Technologies. Focus on Asia-Pacific ““2018-2023”, the 2016-2023 Asia-Pacific Industry 4.0 market is the fastest growing regional market that will increase at a CAGR of 23.7%. China is projected to invest hundreds of billions to retain its #1 position as the world’s leading manufacturing economy.

Press Release

During four decades, APAC led by China has proved to be the” global factory”, driven by low labor costs and globalization. With the Industry 4.0 revolution, which depends more on employees’ skills rather than cheap labor and western economies Industry 4.0 investments, the tide is reversing. In order to mitigate this threat, APAC emerging economies, South Korea, Japan, and China invest heavily in the 4th industrial revolution to compete with western economies Industry 4.0 ramifications. They provide government funding for Industry 4.0 projects, R&D, subsidies and tax incentives to Industry 4.0 investors.

According to the report, China is unique in the breadth and size of its Industry 4.0 report strategy and funding; the PRC government commenced in 2015 the ” Made in China 2025″ scheme, specifying ten industries including semiconductors, aerospace, agricultural equipment, quantum computing and other sectors, which are the core of government planning.

The PRC ” Made in China” plan, an industrial-policy program, is derived in part from Germany’s ” Industry 4.0 research″ model, which focuses on creating a helpful environment through training and policy support but leaves business decisions to companies. China’s version is much more hands-on. The plan includes 1,013” state-guided funds”, endowed with $807B, much of it for” Made in China” industries.

The program includes a manufacturing-subsidy program, spread across 62 distinct initiatives. According to the report, China will dominate 42% of the APAC Industry 4.0 market research report by 2023.

In India, the world’s fastest growing large economy, it is estimated that the industrial sector will embrace Industry 4.0, and transform the Indian manufacturing economy.

Japan is a highly robotized country and the world’s predominant industrial robot manufacturer with a market share of 52%. To address its 21st century economic, social and industrial challenges, Japan launched its” Society 5.0″ program. The program includes (but is not limited to) Japan’s Industry 4.0 program.

In the next decades, Asia Pacific businesses will establish global networks that incorporate their machinery, warehousing systems and production facilities in the shape of cyber-physical systems. In the manufacturing environment, these cyber-physical systems comprise smart machines, storage systems and production facilities capable of autonomously exchanging information, triggering actions and controlling each other independently. These changes add to the traditional business pressure on manufacturers, but also offer unprecedented opportunities to optimize production processes.

With 460 pages, 167 tables and figures, this 4-volume report covers 12 technologies, 10 industries, 4 revenue sources, and Asia Pacific national markets, offering for each of the 2016-2017 estimates and 2018-2023 forecasts and analyses. For more information about Industry 4.0 market research company visit resource link

https://industry40marketresearch.com/2016-2023-cagr-23-7-asia-pacific-fastest-growing-regional-industry-4-0-market/