Industry 4.0 Market & Technologies. Focus on the U.S. - 2018-2023

Description

The United States, the world’s second largest manufacturer, with a 2017 industrial output reaching a record level of approximately $2.2 trillion, will apply Industry 4.0 technologies to replace China as the world’s largest manufacturer. The “Industry 4.0 Market & Technologies. Focus on the U.S. 2018-2023” report forecasts that the U.S. Industry 4.0 2016-2023 market will grow at a CAGR of 12.9%.

Why Buy This Report?

1. No Risk. We Provide a Money-Back Guarantee* – With our money-back guarantee, we make it easy for you to find out for yourself how valuable this report is for your business an unprecedented offer in the market research industry.
2. This report, based on thousands of sources, is the most detailed and comprehensive research of the U.S. Industry 4.0 market available today. The report’s research team:
   • Reviewed over 600 Industry 4.0 reports, papers, vendors and governmental information sources
   • participated in 31 round table Industry 4.0 focus groups
   • conducted 75 face-to-face interviews with industry executives
   • conducted a meta-research including more than 4000 industry executives from more than 2,700 companies in 29 countries
3. The report analyzes each dollar spent in U.S. Industry 4.0 market via 3 bottom-up research vectors, thus providing a must-have report for all decision-makers in the Industry 4.0 market.
4. At the last phase of the research (Q4 2017), our analysts conducted a series of 76 face-to- face interviews with multi-billion manufacturing executives.

The United States is the world’s second largest manufacturer, with a 2017 industrial output reaching a record level of approximately $2.2 trillion. The U.S. manufacturing industry employed 12.4 million people in March 2017. Manufacturing output has been growing more slowly in the United States than in China, South Korea, Germany, and Mexico, but more rapidly than in most European countries and Canada.

China displaced the United States as the largest manufacturing country in 2010.

U.S. manufacturers spend far more on R&D than those in any other country, but manufacturers’ R&D spending is rising more rapidly in several other countries. Manufacturers spend approximately 11% of value added on R&D an increase of more than 3% since 2002. A large proportion of U.S. manufacturers’ R&D takes place in high technology sectors, such as pharmaceutical, electronics and aircraft manufacturing, whereas in most other countries the largest share of R&D occurs in medium-technology sectors such as automotive, and machinery manufacturing.

Restoring manufacturing jobs to the United States struggling Rust Belt communities and corporate tax cuts were two of President Donald Trump’s biggest campaign promises. It is expected that Trump’s administration will follow Obama’s (2011) Industry 4.0 policy, the formation of the Advanced Manufacturing Partnership (AMP), a national effort bringing together industry and the Federal Government to invest in Industry 4.0 technologies.

The Federal Government and the private sector invest in Industry 4.0 to increase the American industrial base which has been taken over by China and low labor cost countries in Mexico, Brazil and Asia-Pacific. During Trump administration’s first year, American factories are adding jobs at the fastest pace since 2014.

Figure 1 – U.S. Manufacturing Sector Share [%] of GDP

Since 2002, large-scale transfers of production to other parts of the world have resulted in a sharp increase in the U.S. dependency on imports. The number of people employed in the industry fell by 33% between 2002 and 2015. However, there have been some signs of a gradual recovery since 2010 with rises in both domestic and export demand. The U.S. media has been quick to seize on terms such as re-shoring and insourcing boom to describe what it already perceives as a fundamental change.

Figure 2 – U.S. Manufacturing Employment 2000-2017

Every dollar earned in the U.S. manufacturing contributes $1.4 to the economy; and approximately 2 jobs are created in other fields for every manufacturing job. Therefore, efforts to reinvent U.S. manufacturing by leveraging Industry 4.0 technologies to create smart factories will have a substantial impact on U.S. economic growth.

The Industry 4.0 wave of cyber-physical manufacturing is done with intelligent machines and industrial IoT linked supply chains, which are forcing all industries to convert their Industry 2.0 – 3.0 businesses into Industry 4.0 infrastructure.

According to a HSRC meta research***, 63% of the respondents to HSRC, BCG, PwC, The Economist Intelligence Unit, Roland Berger, Rittal and Siemens (including 4000 industry responds) state that their business future depends on Industry 4.0 transformation. Manufacturing executives from all industries have squarely identified and, in most cases, begun addressing the need for industrial transformation. Those respondents that have implemented Industry 4.0 conversion have already seen improvements and expect more progress soon.

The global Industry 4.0 market race is led by U.S. tech giants (see Figure 4), which have invested billions of dollars in Industry 4.0 core technologies, products R&D, M&A, commercialization & internal use. The transformation of the economy, being brought about by Industry 4.0, means that business processes such as supply, manufacturing, maintenance, delivery and customer service will all be connected via the Industrial IoT systems. These extremely flexible value networks will require new forms of collaboration between companies, both nationally and globally.

Figure 3 – Leading American and foreign Industry 4.0 Corporations

The Industry 4.0 transformation will change long-held dynamics in commerce and global economic balance of power.

In the next decades, American 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.

Figure 4 U.S. Industry 4.0 Market Granulation Vectors

Industry 4.0 holds immense potential for the American economy. Smart factories allow individual customer requirements to be met, meaning that even one-off items can be manufactured profitably. In Industry 4.0, dynamic business and engineering processes enable last-minute changes to production and deliver the ability to respond flexibly to disruptions and failures on behalf of suppliers.

This facilitates fundamental improvements in the industrial processes involved in manufacturing, engineering, material purchasing & usage, supply chain and life cycle management, predictive maintenance and real-time management overview. The smart factories that have already appeared across most industries employ a completely novel approach to production. Smart products are uniquely identifiable, they can be located at all times, know their own history, current status and alternative routes to achieving their target state. The embedded manufacturing systems are vertically networked with business processes within factories and enterprises and horizontally connected to dispersed value networks that can be managed in real time from the moment an order is placed right through to outbound logistics. In addition, they both enable and require end-to-end engineering across the entire value chain

End-to-end transparency is provided over the manufacturing process, facilitating optimized decision-making. Industry 4.0 will also result in new ways of creating value and novel business models. It will provide start-ups and SMEs with the opportunity to develop and provide downstream services.

The Industry 4.0 competition is not only about technology or offering the best products, but also, about the companies that gather appropriate data and combine them to offer premium digital services. Those who know what the customer wants, and can forecast consumer demand, will provide the information to develop an unfair competitive advantage.

The major winners might be those that control Industry 4.0 Platforms , software layers that syndicate various devices, information and services, on top of which other firms can build their own offerings.

The transformation of the economy being brought about by Industry 4.0 means that business processes such as supply, manufacturing, maintenance, delivery and customer service will all be connected via the Industrial IoT systems. These extremely flexible value networks will require new forms of collaboration between companies, both nationally and globally.

The market will undergo a major transformation in 2018-2023 through the following drivers:

1. The U.S.-China competition in the manufacturing sector is becoming fiercer and fiercer
2. The United States, the world’s second largest manufacturer, with a 2017 industrial output reaching a record level of approximately $2.2 trillion, will apply Industry 4.0 technologies to replace China as the world’s largest manufacturer.
3. The U.S. Federal Government manufacturing industries invest in Industry 4.0 to increase the American industrial base taken over by China, Mexico, EU and emerging economies Federal funded Industry 4.0 projects, R&D, subsidies, tax incentives and the December 2017 tax reform act
4. Unprecedented opportunities to optimize production processes
5. Industry 4.0 offers American start-ups and SMEs the opportunity to develop and provide downstream services
6. Industry 4.0 dynamic business and engineering processes enable last-minute changes to production and deliver the ability to respond flexibly to disruptions and failures on behalf of suppliers and customers
7. Industry 4.0 provides the link to the consumer, and can forecast consumer demand

The “Industry 4.0 Market & Technologies. Focus on the U.S. – 2018-2023” report is the most comprehensive review of this emerging market available today. It provides a detailed and reasoned roadmap of this rapidly growing market.

The report is aimed at:

1. Industry 4.0 Products Vendors
2. Industry 4.0 Systems Integrators
3. Government Industry Agencies
4. Manufacturing Companies, SME included

The report has been explicitly customized for the industry and government decision-makers to enable them to identify business opportunities, emerging technologies, market trends and risks, as well as to benchmark business plans.

Questions answered in this 425-page market report include:

• What was the 14 submarkets size and what were the trends during 2016 & 2017?
• What is the 2018-2023 forecast for those submarkets?
• Which industries and technologies provide attractive business opportunities?
• What drives the Industry 4.0 managers to purchase solutions and services?
• What are the technology & services trends?
• What are the market SWOT (Strengths, Weaknesses, Opportunities and Threats)?

With 425 pages, 58 tables and 96 figures, this 3-volume report covers 10 industries, 10 leading technologies and 4 revenue sources, offering for each of them 2016-2017 estimates and 2018-2023 forecasts and analyses.

Why Buy This Report?

A. This is the most comprehensive information source of the global Industry 4.0 market and technologies available today.

B. Market data is analyzed via 4 key perspectives:

With a highly fragmented Industry 4.0 market we address the money trail via the following 3 bottom-up market size vectors:

• By Industries:

• By Industry 4.0 Technologies:

• By 4 Revenue Sources:
  1. Product Sales
  2. System Installation, Integration & Commissioning
  3. Aftersale Maintenance, Upgrades & Spare Parts
  4. Consulting, Planning & Training

C. Detailed market analysis framework is provided:

1. Market drivers & inhibitors
2. Business opportunities
3. SWOT analysis
4. Barriers to new entry, supplier power, buyer power and competitive rivalry
5. Business environment
6. The 2016-2023 market segmented by 188 submarkets
7. More than 1000 references and links to Industry 4.0 data sources & publications

D. The report includes the following appendices:

1. Appendix A: Industry 4.0 Smart Maintenance
2. Appendix B: How to Convert an Industry 2.0 or Industry 3.0 Business to Industry 4.0
3. Appendix C: Abbreviations
4. Appendix D: Terminology
5. Appendix E: Research Sources & Bibliography

E. Industry 4.0 market report addresses 13 technologies:

1. Additive Manufacturing- 3D Printing
2. Advanced Human Machine Interface
3. Artificial Intelligence
4. Industrial Robots
5. Big Data & Analytics
6. Cybersecurity
7. Cloud Computing
8. Horizontal and Vertical System Integration
9. Industrial IoT (IIoT)
10. Sensors
11. Simulation
12. Virtual Reality
13.  Augmented Reality

F. The report presents extensive information on 49 leading companies (including companies profile, Industry 4.0 activities & products, and recent events), namely:

NOTES:

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(**) “Market” Definition. Industry 4.0 turnkey systems sale, aftersales maintenance & upgrades and outsourced services such as consulting, planning & training

(***) The Meta-Research is based on the statistics of 11 Industry 4.0 surveys conducted by HSRC, BCG, PwC, Deloitte, Roland Berger, Rittal, Siemens and The Economist Intelligence Unit, totaling >4000 responders.

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