The United States, the world’s second largest manufacturer, with a 2017 industrial output reaching a record level of $2.2 trillion, will apply Industry 4.0 technologies to replace China as the world’s largest manufacturer.
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.
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%.
According to the new 4-volume report by Industry 4.0 Research; Global Industry 4.0 Market & Technologies 2018-2023, the Industry 4.0 market is projected to .reach $214B by 2023.