Industry 5.0 Market Analysis By Industry Size, Share, Revenue
Growth, Development And Demand Forecast To 2030
Research Nester published a report titled “Industry 5.0 Market: Global Demand
Analysis & Opportunity Outlook 2030” which delivers detailed overview of the
global industry 5.0 market in terms of market segmentation by technology,
vertical, and by region.
Further, for the in-depth analysis, the report encompasses the industry
growth indicators, restraints, supply and demand risk, along with detailed
discussion on current and future market trends that are associated with the
growth of the market.
The global industry 5.0 market to gather a hefty amount of revenue by
observing a remarkable CAGR over the forecast period, i.e., 2022-2030,
owing to the emergence of advanced technologies namely, industrial
internet of things and artificial intelligence, for data collection and analysis.
Apart from this, environmental benefits offered by the implementation of
industry 5.0, and spiraling use of industrial robots in various verticals are
another significant factors expected to raise the slope of market growth in
the forthcoming years. The International Federation of Robotics reported,
in 2018, 422,271 industrial robots were installed worldwide, witnessing a
growth by 6 percent since the last year. Besides, automotive industry was
the largest consumer of the product with a total share accounting for 30%
of all robot installations.
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The market is segmented by technology and vertical. Based on technology,
the industrial robotics segment is anticipated to occupy notable share
backed by the large amount of share garnered by its collaborative robots
sub-segment. This can be credited to the surging use of cobots for simple
and intuitive interaction with humans. Additionally, by vertical, the
manufacturing segment is projected to grab the largest share ascribing to
the largescale deployment of SCARA ro