Invest in North America Industry 4.0 Market Share Reach USD 189.62 Billion by 2032

Allied Market Research published a new report, titled, " Invest in North America Industry 4.0 Market Share Reach USD 189.62 Billion by 2032." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

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The North America industry 4.0 market is segmented on the basis of technology and end user. On the basis of technology, it is segregated into industry automation, 3D printing, digital twin, artificial intelligence (AI) & machine learning (ML), blockchain, extended reality (XR), industrial internet of things (IIoT), and others. On the basis of end user, it is divided into manufacturing, automotive, oil & gas, energy & utilities, food & beverages, aerospace & defense, and others.

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Key Findings of the Study

● By technology type, the industry automation segment accounted for the highest North America industry 4.0 market share, in terms of revenue in 2022.

● By end user, the aerospace & defense segment is expected to exhibit the fastest growth rate during the forecast period.

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On the basis of end user, the manufacturing segment acquired the highest share in North America industry 4.0 market in 2022. This is owing to the increasing adoption of automation technologies such as robotics, artificial intelligence (AI), and machine learning (ML) among manufacturers. These technologies help streamline operations, increase productivity, and improve efficiency.

Depending on the technology type, the industry automation segment dominated the North America industry 4.0 market share in 2022 and is expected to continue this dominance during the forecast period, owing to essential elements of Industry 4.0 to detect, measure, analyze, and process various transitions in industrial production facilities, such as changes in positions, length, height, exterior, and dislocations.

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The key players operating in the North America industry 4.0 market analysis include Cognex Corporation, Schneider Electric SE, Emerson Electric Co., Rockwell Automation Inc., Cisco Systems Inc., ABB Ltd., Siemens AG, Honeywell International Inc., General Electric Company, International Business Machines Corporation.

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