1	INTRODUCTION	29 
1.1	STUDY OBJECTIVES	29 
1.2	MARKET DEFINITION	29 
1.3	INCLUSIONS AND EXCLUSIONS	30 
1.4	STUDY SCOPE	30 
1.4.1	MARKETS COVERED	30 
FIGURE 1	INDUSTRY 5.0 MARKET SEGMENTATION	30 
1.4.2	REGIONAL SCOPE	31 
1.4.3	YEARS CONSIDERED	31 
1.4.4	CURRENCY CONSIDERED	31 
1.5	LIMITATIONS	32 
1.6	STAKEHOLDERS	32 
1.7	SUMMARY OF CHANGES	32 
1.8	RECESSION IMPACT	32 
2	RESEARCH METHODOLOGY	33 
2.1	RESEARCH DATA	33 
FIGURE 2	INDUSTRY 5.0 MARKET: RESEARCH DESIGN	33 
2.1.1	SECONDARY AND PRIMARY RESEARCH	34 
2.1.1.1	Key industry insights	34 
2.1.2	SECONDARY DATA	35 
2.1.2.1	List of major secondary sources	35 
2.1.2.2	Key data from secondary sources	35 
2.1.3	PRIMARY DATA	36 
2.1.3.1	Breakdown of primaries	36 
2.1.3.2	Key data from primary sources	36 
2.2	MARKET SIZE ESTIMATION METHODOLOGY	37 
FIGURE 3	MARKET SIZE ESTIMATION METHODOLOGY: REVENUE GENERATED THROUGH SALES OF COLLABORATIVE ROBOTS	37 
2.2.1	BOTTOM-UP APPROACH	38 
2.2.1.1	Approach to arrive at market size using bottom-up approach (demand side)	38 
FIGURE 4	MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH	38 
2.2.2	TOP-DOWN APPROACH	39 
2.2.2.1	Approach to arrive at market size using top-down approach (supply side)	39 
FIGURE 5	MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH	39 
2.3	MARKET BREAKDOWN AND DATA TRIANGULATION	40 
FIGURE 6	MARKET BREAKDOWN AND DATA TRIANGULATION	40 
2.4	RESEARCH ASSUMPTIONS	41 
FIGURE 7	INDUSTRY 5.0 MARKET: RESEARCH ASSUMPTIONS	41 
2.5	APPROACH TO ANALYZE RECESSION IMPACT	41 
2.6	RISK ASSESSMENT	42 
TABLE 1	INDUSTRY 5.0 MARKET: RISK ASSESSMENT	42 
3	EXECUTIVE SUMMARY	43 
FIGURE 8	DIGITAL TWIN SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2029	43 
FIGURE 9	ENERGY & POWER SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029	44 
FIGURE 10	AUTOMOTIVE SEGMENT TO DOMINATE INDUSTRY 5.0 MARKET DURING FORECAST PERIOD	44 
FIGURE 11	NORTH AMERICA TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD	45 
4	PREMIUM INSIGHTS	46 
4.1	ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN INDUSTRY 5.0 MARKET	46 
FIGURE 12	EMPHASIS ON HUMAN–MACHINE COLLABORATION LEVERAGING AUTOMATION TO CONTRIBUTE TO MARKET GROWTH	46 
4.2	INDUSTRY 5.0 MARKET, BY TECHNOLOGY	46 
FIGURE 13	INDUSTRIAL SENSORS SEGMENT TO HOLD LARGEST MARKET SHARE IN 2024	46 
4.3	INDUSTRY 5.0 MARKET, BY PROCESS INDUSTRY	47 
FIGURE 14	OIL & GAS SEGMENT TO HOLD LARGEST SHARE OF INDUSTRY 5.0 MARKET IN 2024	47 
4.4	INDUSTRY 5.0 MARKET, BY DISCRETE INDUSTRY	47 
FIGURE 15	AUTOMOTIVE SEGMENT TO REGISTER HIGHEST CAGR BETWEEN 2024 AND 2029	47 
4.5	INDUSTRY 5.0 MARKET, BY COUNTRY	48 
FIGURE 16	NORTH AMERICA TO EXHIBIT HIGHEST CAGR IN INDUSTRY 5.0 MARKET DURING FORECAST PERIOD	48 
5	MARKET OVERVIEW	49 
5.1	INTRODUCTION	49 
5.2	MARKET DYNAMICS	49 
FIGURE 17	INDUSTRY 5.0 MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES	49 
5.2.1	DRIVERS	50 
5.2.1.1	Rising adoption of AI and robotics in manufacturing and production processes	50 
5.2.1.2	Surging focus on implementing green technologies for sustainable manufacturing	50 
5.2.1.3	Increasing government spending on 3D printing technologies	51 
FIGURE 18	INDUSTRY 5.0 MARKET: DRIVERS AND THEIR IMPACT	51 
5.2.2	RESTRAINTS	51 
5.2.2.1	Lack of proficient workforce acquainted with advanced manufacturing equipment	51 
5.2.2.2	Limited adoption of Industry 5.0 solutions among startups due to high implementation costs	52 
5.2.2.3	Health implications of excessive use of AR and VR	52 
FIGURE 19	INDUSTRY 5.0 MARKET: RESTRAINTS AND THEIR IMPACT	53 
5.2.3	OPPORTUNITIES	53 
5.2.3.1	Proliferation of 3D printing technology in manufacturing of medical equipment and customized drugs	53 
5.2.3.2	Increasing investments in infrastructure development projects	53 
FIGURE 20	INDUSTRY 5.0 MARKET: OPPORTUNITIES AND THEIR IMPACT	54 
5.2.4	CHALLENGES	54 
5.2.4.1	Need for continuous technological advancements	54 
5.2.4.2	High costs associated with deployment of VR technology	54 
FIGURE 21	INDUSTRY 5.0 MARKET: CHALLENGES AND THEIR IMPACT	55 
5.3	SUPPLY CHAIN ANALYSIS	55 
FIGURE 22	INDUSTRY 5.0 MARKET: SUPPLY CHAIN ANALYSIS	55 
5.4	MARKET/ECOSYSTEM MAP	56 
TABLE 2	INDUSTRY 5.0 MARKET: ROLE OF COMPANIES IN ECOSYSTEM	56 
5.5	INVESTMENT AND FUNDING SCENARIO	57 
FIGURE 23	FUNDS AUTHORIZED FOR INDIAN AI STARTUP COMPANIES FOR TECHNOLOGICAL ADVANCEMENTS (USD MILLION)	57 
5.6	FUNDING, BY USE CASE	58 
FIGURE 24	OVERVIEW OF FUNDING TO INDIAN AI STARTUPS IN TECHNOLOGIES BY VENTURE CAPITALISTS IN 2022	58 
5.7	PRICING ANALYSIS	58 
TABLE 3	AVERAGE SELLING PRICE (ASP) OF DIGITAL TEMPERATURE SENSORS OFFERED BY TWO MAJOR PLAYERS	58 
FIGURE 25	AVERAGE SELLING PRICE (ASP) TREND OF DIGITAL TEMPERATURE SENSORS OFFERED BY TWO MAJOR PLAYERS	59 
5.7.1	AVERAGE SELLING PRICE (ASP) TREND OF INDUSTRIAL SENSORS, 2020–2029	59 
FIGURE 26	AVERAGE SELLING PRICE (ASP) TREND OF INDUSTRIAL SENSORS, 2020–2029	59 
5.8	TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES	60 
FIGURE 27	TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES	60 
5.9	TECHNOLOGY ANALYSIS	60 
5.9.1	KEY TECHNOLOGIES	60 
5.9.1.1	Artificial intelligence (AI)	60 
5.9.1.2	Internet of things (IoT)	61 
5.9.2	COMPLEMENTARY TECHNOLOGIES	61 
5.9.2.1	Blockchain	61 
5.9.2.2	Augmented reality (AR) and virtual reality (VR)	61 
5.9.3	ADJACENT TECHNOLOGY	62 
5.9.3.1	Green technology	62 
5.10	PORTER’S FIVE FORCES ANALYSIS	62 
TABLE 4	INDUSTRY 5.0 MARKET: IMPACT OF PORTER’S FIVE FORCES	62 
5.10.1	THREAT OF NEW ENTRANTS	63 
5.10.2	THREAT OF SUBSTITUTES	63 
5.10.3	BARGAINING POWER OF SUPPLIERS	63 
5.10.4	BARGAINING POWER OF BUYERS	63 
5.10.5	INTENSITY OF COMPETITIVE RIVALRY	64 
5.11	KEY STAKEHOLDERS AND BUYING CRITERIA	64 
FIGURE 28	INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 INDUSTRIES	64 
TABLE 5	INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 INDUSTRIES	64 
5.11.1	BUYING CRITERIA	65 
FIGURE 29	KEY BUYING CRITERIA FOR TOP 3 INDUSTRIES	65 
TABLE 6	KEY BUYING CRITERIA FOR TOP 3 INDUSTRIES	65 
5.12	CASE STUDY ANALYSIS	66 
5.12.1	LEMATIC DEVELOPED SAAS SOLUTION TO PROVIDE ACCESS TO CRITICAL INFORMATION	66 
5.12.2	NBC BEARINGS ESTABLISHED CONNECTED SMART FACTORY TO STREAMLINE INFORMATION FLOW	66 
TABLE 7	IMPLEMENTATION OF FULLY AUTOMATED PRODUCTION LINE AT FORD	67 
TABLE 8	REFINERY IN NORTH AMERICA IMPROVED VACUUM TOWER-LEVEL MEASUREMENT WITH SIEMENS ROSEMOUNT 3051S ERS AND THERMAL RANGE EXPANDER	67 
5.13	TRADE ANALYSIS	68 
5.13.1	IMPORT SCENARIO	68 
FIGURE 30	IMPORT VALUES, BY KEY COUNTRY, 2018–2022 (USD MILLION)	68 
5.13.2	EXPORT SCENARIO	69 
FIGURE 31	EXPORT VALUES, BY KEY COUNTRY, 2018–2022 (USD MILLION)	69 
5.14	PATENT ANALYSIS	70 
FIGURE 32	INDUSTRY 5.0 MARKET: PATENTS APPLIED AND GRANTED, 2013–2023	70 
TABLE 9	TOP PATENT OWNERS IN US, 2013–2023	70 
TABLE 10	INDUSTRY 5.0 MARKET: LIST OF FEW PATENTS RELATED TO INDUSTRY 5.0	71 
5.15	KEY CONFERENCES AND EVENTS, 2024	73 
TABLE 11	INDUSTRY 5.0 MARKET: LIST OF CONFERENCES AND EVENTS, 2024	73 
5.16	REGULATORY LANDSCAPE	74 
5.16.1	REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	74 
TABLE 12	NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	74 
TABLE 13	EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	74 
TABLE 14	ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS	75 
TABLE 15	ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	76 
5.16.2	STANDARDS AND REGULATIONS	76 
TABLE 16	STANDARDS RELATED TO INDUSTRY 5.0	76 
6	INDUSTRY 5.0 MARKET, BY SUSTAINABILITY	78 
6.1	INTRODUCTION	79 
TABLE 17	INDUSTRY 5.0 MARKET, BY SUSTAINABILITY, 2020–2023 (USD MILLION)	79 
TABLE 18	INDUSTRY 5.0 MARKET, BY SUSTAINABILITY, 2024–2029 (USD MILLION)	79 
6.2	WASTE-TO-ENERGY CONVERSION	79 
6.2.1	INCREASING NEED FOR SUSTAINABLE WASTE MANAGEMENT PRACTICES TO BOOST SEGMENTAL GROWTH	79 
6.3	RECYCLED MATERIALS	80 
6.3.1	RISING AWARENESS OF ENVIRONMENTAL IMPACT OF WASTE TO ACCELERATE ADOPTION OF RECYCLED MATERIALS	80 
6.4	BIO-BASED MATERIALS	80 
6.4.1	GROWING CONCERNS OVER CLIMATE CHANGE TO PROPEL ADOPTION OF BIO-BASED MATERIALS	80 
7	INDUSTRY 5.0 MARKET, BY TECHNOLOGY	81 
7.1	INTRODUCTION	82 
FIGURE 33	INDUSTRY 5.0 MARKET, BY TECHNOLOGY	82 
FIGURE 34	DIGITAL TWIN SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD	83 
TABLE 19	INDUSTRY 5.0 MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)	83 
TABLE 20	INDUSTRY 5.0 MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)	83 
7.2	DIGITAL TWIN	84 
7.2.1	INTEGRATION OF AI AND ML WITH DIGITAL TWIN TECHNOLOGY TO CONTRIBUTE TO MARKET GROWTH	84 
7.2.2	DIGITAL TWIN, BY APPLICATION	84 
7.2.2.1	Product design and development	84 
7.2.2.2	Machine and equipment health monitoring	85 
7.2.2.3	Structural health monitoring	85 
7.2.2.4	Condition monitoring	85 
7.2.2.5	Predictive maintenance	85 
7.2.2.6	Dynamic optimization	85 
TABLE 21	DIGITAL TWIN: INDUSTRY 5.0 MARKET, BY PROCESS INDUSTRY,  2020–2023 (USD MILLION)	85 
TABLE 22	DIGITAL TWIN: INDUSTRY 5.0 MARKET, BY PROCESS INDUSTRY,  2024–2029 (USD MILLION)	86 
TABLE 23	DIGITAL TWIN: INDUSTRY 5.0 MARKET, BY DISCRETE INDUSTRY,  2020–2023 (USD MILLION)	86 
TABLE 24	DIGITAL TWIN: INDUSTRY 5.0 MARKET, BY DISCRETE INDUSTRY,  2024–2029 (USD MILLION)	86 
TABLE 25	DIGITAL TWIN: INDUSTRY 5.0 MARKET, BY REGION, 2020–2023 (USD MILLION)	86 
TABLE 26	DIGITAL TWIN: INDUSTRY 5.0 MARKET, BY REGION, 2024–2029 (USD MILLION)	87 
7.3	INDUSTRIAL 3D PRINTING	87 
7.3.1	EMPHASIS ON SIMPLIFYING MANUFACTURING OF COMPLEX PARTS AND USE OF SUSTAINABLE MATERIALS TO BOOST SEGMENTAL GROWTH	87 
7.3.2	INDUSTRIAL 3D PRINTING, BY OFFERING	88 
7.3.2.1	Printers	88 
7.3.2.2	Materials	88 
7.3.2.3	Software	88 
7.3.2.4	Services	89 
7.3.3	INDUSTRIAL 3D PRINTING, BY APPLICATION	89 
7.3.3.1	Tooling	89 
7.3.3.2	Heavy equipment and machinery	89 
7.3.3.3	Robotics	89 
7.3.4	INDUSTRIAL 3D PRINTING, BY PROCESS	89 
7.3.4.1	Binder jetting	90 
7.3.4.2	Direct energy deposition	90 
7.3.4.3	Material extrusion	90 
7.3.4.4	Material jetting	90 
7.3.4.5	Powder bed fusion	90 
7.3.4.6	Sheet lamination	90 
7.3.4.7	Vat photopolymerization	90 
7.3.5	INDUSTRIAL 3D PRINTING, BY TECHNOLOGY	90 
TABLE 27	INDUSTRIAL 3D PRINTING: INDUSTRY 5.0 MARKET, BY REGION,  2020–2023 (USD MILLION)	91 
TABLE 28	INDUSTRIAL 3D PRINTING: INDUSTRY 5.0 MARKET, BY REGION,  2024–2029 (USD MILLION)	91 
TABLE 29	INDUSTRIAL 3D PRINTING: INDUSTRY 5.0 MARKET, BY PROCESS INDUSTRY,  2020–2023 (USD MILLION)	91 
TABLE 30	INDUSTRIAL 3D PRINTING: INDUSTRY 5.0 MARKET, BY PROCESS INDUSTRY,  2024–2029 (USD MILLION)	92 
TABLE 31	INDUSTRIAL 3D PRINTING: INDUSTRY 5.0 MARKET, BY DISCRETE INDUSTRY,  2020–2023 (USD MILLION)	92 
TABLE 32	INDUSTRIAL 3D PRINTING: INDUSTRY 5.0 MARKET, BY DISCRETE INDUSTRY,  2024–2029 (USD MILLION)	92 
7.4	AI IN MANUFACTURING	93 
7.4.1	RELIANCE ON AI TECHNOLOGY TO REVOLUTIONIZE MANUFACTURING OPERATIONS TO PROPEL MARKET	93 
7.4.2	AI IN MANUFACTURING, BY OFFERING	93 
7.4.2.1	Hardware	93 
7.4.2.2	Software	93 
7.4.3	AI IN MANUFACTURING, BY TECHNOLOGY	93 
7.4.3.1	Computer vision	94 
7.4.3.2	Deep learning	94 
7.4.3.3	Natural language processing (NLP)	94 
7.4.3.4	Context awareness	94 
7.4.4	AI IN MANUFACTURING, BY APPLICATION	94 
7.4.4.1	Predictive maintenance	94 
7.4.4.2	Machinery inspection	94 
7.4.4.3	Production planning	95 
7.4.4.4	Field services	95 
7.4.4.5	Quality control	95 
TABLE 33	AI IN MANUFACTURING: INDUSTRY 5.0 MARKET, BY REGION,  2020–2023 (USD MILLION)	95 
TABLE 34	AI IN MANUFACTURING: INDUSTRY 5.0 MARKET, BY REGION,  2024–2029 (USD MILLION)	95 
TABLE 35	AI IN MANUFACTURING: INDUSTRY 5.0 MARKET, BY PROCESS INDUSTRY,  2020–2023 (USD MILLION)	96 
TABLE 36	AI IN MANUFACTURING: INDUSTRY 5.0 MARKET, BY PROCESS INDUSTRY,  2024–2029 (USD MILLION)	96 
TABLE 37	AI IN MANUFACTURING: INDUSTRY 5.0 MARKET, BY DISCRETE INDUSTRY,  2020–2023 (USD MILLION)	96 
TABLE 38	AI IN MANUFACTURING: INDUSTRY 5.0 MARKET, BY DISCRETE INDUSTRY,  2024–2029 (USD MILLION)	96 
7.5	ROBOTICS	97 
7.5.1	COLLABORATIVE ROBOTS	97 
7.5.1.1	Ability to work alongside humans and minimize long-term production costs to boost demand for cobots	97 
7.5.2	EXOSKELETONS	98 
7.5.2.1	Focus on improving operational efficiency during production processes to fuel deployment of exoskeletons	98 
TABLE 39	ROBOTICS: INDUSTRY 5.0 MARKET, BY REGION, 2020–2023 (USD MILLION)	98 
TABLE 40	ROBOTICS: INDUSTRY 5.0 MARKET, BY REGION, 2024–2029 (USD MILLION)	98 
TABLE 41	ROBOTICS: INDUSTRY 5.0 MARKET, BY PROCESS INDUSTRY, 2020–2023 (USD MILLION)	99 
TABLE 42	ROBOTICS: INDUSTRY 5.0 MARKET, BY PROCESS INDUSTRY, 2024–2029 (USD MILLION)	99 
TABLE 43	ROBOTICS: INDUSTRY 5.0 MARKET, BY DISCRETE INDUSTRY, 2020–2023 (USD MILLION)	99 
TABLE 44	ROBOTICS: INDUSTRY 5.0 MARKET, BY DISCRETE INDUSTRY, 2024–2029 (USD MILLION)	99 
TABLE 45	ROBOTICS: INDUSTRY 5.0 MARKET, BY TYPE, 2020–2023 (USD MILLION)	99 
TABLE 46	ROBOTICS: INDUSTRY 5.0 MARKET, BY TYPE, 2024–2029 (USD MILLION)	100 
TABLE 47	COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2019–2022 (UNITS)	100 
TABLE 48	COLLABORATIVE ROBOT (COBOT) MARKET, BY PAYLOAD, 2023–2029 (UNITS)	100 
7.6	INDUSTRIAL SENSORS	101 
7.6.1	INTEGRATION OF INDUSTRIAL SENSORS WITH ADVANCED CONNECTIVITY SOLUTIONS TO FUEL MARKET GROWTH	101 
7.6.2	INDUSTRIAL SENSORS, BY TYPE	101 
7.6.2.1	Wired	101 
7.6.2.2	Wireless	101 
TABLE 49	INDUSTRIAL SENSORS: INDUSTRY 5.0 MARKET, BY REGION, 2020–2023 (USD MILLION)	102 
TABLE 50	INDUSTRIAL SENSORS: INDUSTRY 5.0 MARKET, BY REGION, 2024–2029 (USD MILLION)	102 
TABLE 51	INDUSTRIAL SENSORS: INDUSTRY 5.0 MARKET, BY PROCESS INDUSTRY,  2020–2023 (USD MILLION)	102 
TABLE 52	INDUSTRIAL SENSORS: INDUSTRY 5.0 MARKET, BY PROCESS INDUSTRY,  2024–2029 (USD MILLION)	103 
7.7	AUGMENTED REALITY & VIRTUAL REALITY (AR & VR)	103 
7.7.1	GROWING DEMAND FOR AR & VR TECHNOLOGIES  IN MANUFACTURING SECTOR TO DRIVE MARKET	103 
7.7.2	AUGMENTED REALITY & VIRTUAL REALITY, BY TECHNOLOGY	103 
7.7.2.1	Augmented reality	104 
7.7.2.2	Virtual reality	104 
7.7.3	AUGMENTED REALITY & VIRTUAL REALITY, BY OFFERING	105 
7.7.3.1	Hardware	105 
7.7.3.2	Software	105 
7.7.4	AUGMENTED REALITY & VIRTUAL REALITY, BY DEVICE TYPE	106 
7.7.4.1	Head-mounted displays (HMDs)	106 
7.7.4.2	Head-up displays (HUDs)	106 
TABLE 53	AUGMENTED REALITY & VIRTUAL REALITY: INDUSTRY 5.0 MARKET, BY REGION,  2020–2023 (USD MILLION)	106 
TABLE 54	AUGMENTED REALITY & VIRTUAL REALITY: INDUSTRY 5.0 MARKET, BY REGION,  2024–2029 (USD MILLION)	107 
TABLE 55	AUGMENTED REALITY & VIRTUAL REALITY: INDUSTRY 5.0 MARKET,  BY PROCESS INDUSTRY, 2020–2023 (USD MILLION)	107 
TABLE 56	AUGMENTED REALITY & VIRTUAL REALITY: INDUSTRY 5.0 MARKET,  BY PROCESS INDUSTRY, 2024–2029 (USD MILLION)	107 
TABLE 57	AUGMENTED REALITY & VIRTUAL REALITY: INDUSTRY 5.0 MARKET,  BY DISCRETE INDUSTRY, 2020–2023 (USD MILLION)	108 
TABLE 58	AUGMENTED REALITY & VIRTUAL REALITY: INDUSTRY 5.0 MARKET,  BY DISCRETE INDUSTRY, 2024–2029 (USD MILLION)	108 
7.8	5G INDUSTRIAL IOT	108 
7.8.1	RISING DEMAND FOR RELIABLE AND LOW-LATENCY NETWORKS TO BOOST SEGMENTAL GROWTH	108 
TABLE 59	5G INDUSTRIAL IOT: INDUSTRY 5.0 MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)	109 
TABLE 60	5G INDUSTRIAL IOT: INDUSTRY 5.0 MARKET, BY INDUSTRY, 2024–2029 (USD MILLION)	109 
8	INDUSTRY 5.0 MARKET, BY INDUSTRY	110 
8.1	INTRODUCTION	111 
FIGURE 35	INDUSTRY 5.0 MARKET, BY INDUSTRY	111 
8.2	PROCESS INDUSTRIES	111 
FIGURE 36	ENERGY & POWER SEGMENT TO HOLD LARGEST SHARE OF INDUSTRY 5.0 MARKET FOR PROCESS INDUSTRIES IN 2029	112 
TABLE 61	INDUSTRY 5.0 MARKET, BY PROCESS INDUSTRY, 2020–2023 (USD MILLION)	112 
TABLE 62	INDUSTRY 5.0 MARKET, BY PROCESS INDUSTRY, 2024–2029 (USD MILLION)	113 
8.2.1	ENERGY & POWER	113 
8.2.1.1	Need for efficient energy and power management to lead to adoption of automation tools	113 
TABLE 63	ENERGY & POWER: INDUSTRY 5.0 MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)	114 
TABLE 64	ENERGY & POWER: INDUSTRY 5.0 MARKET, BY TECHNOLOGY, 2024–2029(USD MILLION)	114 
8.2.2	OIL & GAS	114 
8.2.2.1	Adoption of sensors and automation solutions by oil & gas companies to drive market	114 
TABLE 65	OIL & GAS: INDUSTRY 5.0 MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)	115 
TABLE 66	OIL & GAS: INDUSTRY 5.0 MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)	115 
8.2.3	FOOD & BEVERAGES	116 
8.2.3.1	Requirement for increased productivity and reduced downtime in food & beverage manufacturing plants to fuel segmental growth	116 
TABLE 67	FOOD & BEVERAGES: INDUSTRY 5.0 MARKET, BY TECHNOLOGY,  2020–2023 (USD MILLION)	116 
TABLE 68	FOOD & BEVERAGES: INDUSTRY 5.0 MARKET, BY TECHNOLOGY,  2024–2029 (USD MILLION)	117 
8.2.4	MEDICAL	117 
8.2.4.1	Deployment of automated systems by pharma companies to increase operational efficiency to boost market growth	117 
TABLE 69	MEDICAL: INDUSTRY 5.0 MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)	118 
TABLE 70	MEDICAL: INDUSTRY 5.0 MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)	118 
8.2.5	CHEMICALS	118 
8.2.5.1	Reliance of chemical manufacturers on automation solutions to maintain ideal inventory levels to contribute to market growth	118 
TABLE 71	CHEMICALS: INDUSTRY 5.0 MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)	119 
TABLE 72	CHEMICALS: INDUSTRY 5.0 MARKET, BY TECHNOLOGY, 2024–2029(USD MILLION)	119 
8.2.6	METALS & MINING	119 
8.2.6.1	Deployment of enabling technologies to optimize metal production and automate heavy machinery to fuel segmental growth	119 
TABLE 73	METALS & MINING: INDUSTRY 5.0 MARKET, BY TECHNOLOGY,  2020–2023 (USD MILLION)	120 
TABLE 74	METALS & MINING: INDUSTRY 5.0 MARKET, BY TECHNOLOGY,  2024–2029 (USD MILLION)	121 
8.2.7	OTHER PROCESS INDUSTRIES	121 
TABLE 75	OTHER PROCESS INDUSTRIES: INDUSTRY 5.0 MARKET, BY TECHNOLOGY,  2020–2023 (USD MILLION)	121 
TABLE 76	OTHER PROCESS INDUSTRIES: INDUSTRY 5.0 MARKET, BY TECHNOLOGY,  2024–2029 (USD MILLION)	122 
8.3	DISCRETE INDUSTRIES	122 
FIGURE 37	AUTOMOTIVE SEGMENT TO DOMINATE INDUSTRY 5.0 MARKET FOR DISCRETE INDUSTRIES FROM 2024 TO 2029	122 
TABLE 77	INDUSTRY 5.0 MARKET, BY DISCRETE INDUSTRY, 2020–2023 (USD MILLION)	123 
TABLE 78	INDUSTRY 5.0 MARKET, BY DISCRETE INDUSTRY, 2024–2029 (USD MILLION)	123 
8.3.1	AUTOMOTIVE	124 
8.3.1.1	Deployment of cobots in automotive manufacturing plants to contribute to market growth	124 
TABLE 79	AUTOMOTIVE: INDUSTRY 5.0 MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)	124 
TABLE 80	AUTOMOTIVE: INDUSTRY 5.0 MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)	125 
8.3.2	AEROSPACE	125 
8.3.2.1	Deployment of AI technologies to detect aerospace and defense machinery faults to propel market	125 
TABLE 81	AEROSPACE: INDUSTRY 5.0 MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)	126 
TABLE 82	AEROSPACE: INDUSTRY 5.0 MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)	126 
8.3.3	SEMICONDUCTOR & ELECTRONICS	126 
8.3.3.1	Adoption of manufacturing solutions to strengthen semiconductor and electronics supply chain to drive market	126 
TABLE 83	SEMICONDUCTOR & ELECTRONICS: INDUSTRY 5.0 MARKET, BY TECHNOLOGY,  2020–2023 (USD MILLION)	127 
TABLE 84	SEMICONDUCTOR & ELECTRONICS: INDUSTRY 5.0 MARKET, BY TECHNOLOGY,  2024–2029 (USD MILLION)	127 
8.3.4	OTHER DISCRETE INDUSTRIES	127 
9	INDUSTRY 5.0 MARKET, BY REGION	128 
9.1	INTRODUCTION	129 
FIGURE 38	INDUSTRY 5.0 MARKET, BY REGION	129 
TABLE 85	INDUSTRY 5.0 MARKET, BY REGION, 2020–2023 (USD MILLION)	129 
TABLE 86	INDUSTRY 5.0 MARKET, BY REGION, 2024–2029 (USD MILLION)	130 
9.2	NORTH AMERICA	131 
9.2.1	RECESSION IMPACT ON MARKET IN NORTH AMERICA	131 
FIGURE 39	NORTH AMERICA: INDUSTRY 5.0 MARKET SNAPSHOT	132 
TABLE 87	NORTH AMERICA: INDUSTRY 5.0 MARKET, BY COUNTRY, 2020–2023 (USD MILLION)	132 
TABLE 88	NORTH AMERICA: INDUSTRY 5.0 MARKET, BY COUNTRY, 2024–2029 (USD MILLION)	133 
TABLE 89	NORTH AMERICA: INDUSTRY 5.0 MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)	133 
TABLE 90	NORTH AMERICA: INDUSTRY 5.0 MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)	133 
9.2.2	US	133 
9.2.2.1	Increasing adoption of automation solutions across various industries to drive market	133 
9.2.3	CANADA	134 
9.2.3.1	Growing emphasis on innovation of food & beverage processing activities to drive market	134 
9.2.4	MEXICO	135 
9.2.4.1	Presence of well-established manufacturing sector to contribute to market growth	135 
9.3	EUROPE	135 
9.3.1	RECESSION IMPACT ON MARKET IN EUROPE	135 
FIGURE 40	EUROPE: INDUSTRY 5.0 MARKET SNAPSHOT	136 
TABLE 91	EUROPE: INDUSTRY 5.0 MARKET, BY COUNTRY, 2020–2023 (USD MILLION)	136 
TABLE 92	EUROPE: INDUSTRY 5.0 MARKET, BY COUNTRY, 2024–2029 (USD MILLION)	137 
TABLE 93	EUROPE: INDUSTRY 5.0 MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)	137 
TABLE 94	EUROPE: INDUSTRY 5.0 MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)	137 
9.3.2	UK	138 
9.3.2.1	Thriving community of SMEs and startups working on advanced manufacturing technologies to drive market	138 
9.3.3	GERMANY	138 
9.3.3.1	Deployment of Industry 5.0 technologies in automotive and electronics manufacturing to propel market	138 
9.3.4	FRANCE	139 
9.3.4.1	Investments in digital revolution projects to contribute to market growth	139 
9.3.5	REST OF EUROPE	139 
9.4	ASIA PACIFIC	140 
9.4.1	RECESSION IMPACT ON MARKET IN ASIA PACIFIC	140 
FIGURE 41	ASIA PACIFIC: INDUSTRY 5.0 MARKET SNAPSHOT	141 
TABLE 95	ASIA PACIFIC: INDUSTRY 5.0 MARKET, BY COUNTRY, 2020–2023 (USD MILLION)	141 
TABLE 96	ASIA PACIFIC: INDUSTRY 5.0 MARKET, BY COUNTRY, 2024–2029 (USD MILLION)	142 
TABLE 97	ASIA PACIFIC: INDUSTRY 5.0 MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)	142 
TABLE 98	ASIA PACIFIC: INDUSTRY 5.0 MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)	142 
9.4.2	CHINA	143 
9.4.2.1	Government initiatives to boost industrialization to fuel market growth	143 
9.4.3	JAPAN	143 
9.4.3.1	Advancements in robotics and strong technological base to support market growth	143 
9.4.4	INDIA	144 
9.4.4.1	Deployment of advanced technologies to support industrial revolution to support market growth	144 
9.4.5	REST OF ASIA PACIFIC	144 
9.5	REST OF THE WORLD (ROW)	145 
9.5.1	RECESSION IMPACT ON MARKET IN ROW	145 
TABLE 99	ROW: INDUSTRY 5.0 MARKET, BY REGION, 2020–2023 (USD MILLION)	145 
TABLE 100	ROW: INDUSTRY 5.0 MARKET, BY REGION, 2024–2029 (USD MILLION)	145 
TABLE 101	ROW: INDUSTRY 5.0 MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)	146 
TABLE 102	ROW: INDUSTRY 5.0 MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)	146 
9.5.2	SOUTH AMERICA	146 
9.5.2.1	Growing adoption of emerging technologies in industries to drive market	146 
9.5.3	MIDDLE EAST & AFRICA	147 
9.5.3.1	Implementation of industrial automation in oil & gas and mining facilities to propel market	147 
10	COMPETITIVE LANDSCAPE	148 
10.1	INTRODUCTION	148 
TABLE 103	OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN INDUSTRY 5.0 MARKET,  2021–2023	148 
10.2	MARKET SHARE ANALYSIS (INDUSTRIAL SENSORS)	150 
FIGURE 42	INDUSTRY 5.0: MARKET SHARE ANALYSIS (INDUSTRIAL SENSORS), 2022	150 
TABLE 104	INDUSTRIAL SENSORS MARKET: DEGREE OF COMPETITION	150 
10.3	5-YEAR REVENUE ANALYSIS OF TOP PLAYERS IN INDUSTRIAL SENSOR MARKET	152 
FIGURE 43	REVENUE ANALYSIS OF TOP PLAYERS IN INDUSTRIAL SENSOR MARKET,  2018–2022	152 
10.4	COMPANY VALUATION AND FINANCIAL METRICS	153 
FIGURE 44	COMPANY VALUATION (USD BILLION), 2022	153 
FIGURE 45	FINANCIAL METRICS (EV/EBITDA), 2022	153 
10.5	BRAND/PRODUCT COMPARISON	154 
FIGURE 46	BRAND/PRODUCT COMPARISON	154 
10.6	COMPANY EVALUATION MATRIX: KEY PLAYERS	155 
10.6.1	STARS	155 
10.6.2	EMERGING LEADERS	155 
10.6.3	PERVASIVE PLAYERS	155 
10.6.4	PARTICIPANTS	155 
FIGURE 47	INDUSTRIAL SENSORS MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023	156 
10.6.5	COMPANY FOOTPRINT	156 
TABLE 105	OVERALL COMPANY FOOTPRINT	156 
TABLE 106	COMPANY SENSOR TYPE OFFERING FOOTPRINT	157 
TABLE 107	COMPANY INDUSTRY FOOTPRINT	158 
TABLE 108	COMPANY REGION FOOTPRINT	159 
10.7	COMPANY EVALUATION MATRIX: START-UPS/SMES	160 
10.7.1	PROGRESSIVE COMPANIES	160 
10.7.2	RESPONSIVE COMPANIES	161 
10.7.3	DYNAMIC COMPANIES	161 
10.7.4	STARTING BLOCKS	161 
FIGURE 48	INDUSTRIAL SENSOR MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023	161 
10.7.5	COMPETITIVE BENCHMARKING	162 
TABLE 109	INDUSTRIAL SENSOR MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES	162 
TABLE 110	INDUSTRIAL SENSOR MARKET: LIST OF KEY START-UPS/SMES	162 
10.8	COMPETITIVE SCENARIOS AND TRENDS	163 
10.8.1	RECENT DEVELOPMENTS	163 
10.8.1.1	Product launches	163 
TABLE 111	INDUSTRY 5.0 MARKET: PRODUCT LAUNCHES, MARCH 2023–DECEMBER 2023	163 
10.8.1.2	Deals	164 
TABLE 112	INDUSTRY 5.0 MARKET: DEALS, JUNE 2021–NOVEMBER 2023	164 
10.8.1.3	Others	165 
TABLE 113	INDUSTRY 5.0 MARKET: OTHERS, MAY 2022–APRIL 2023	165 
11	COMPANY PROFILES	166 
11.1	KEY PLAYERS	166 
(Business overview, Products offered, Products/Solutions/Services offered, Recent developments, Product launches, Deals, MnM view, Key Strengths/Right to win, Strategic choices made, and Weaknesses and Competitive threats)* 
11.1.1	ABB	166 
TABLE 114	ABB: COMPANY OVERVIEW	166 
FIGURE 49	ABB: COMPANY SNAPSHOT	167 
TABLE 115	ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED	167 
TABLE 116	ABB: PRODUCT LAUNCHES	168 
TABLE 117	ABB: DEALS	168 
11.1.2	EMERSON ELECTRIC CO.	170 
TABLE 118	EMERSON ELECTRIC CO.: COMPANY OVERVIEW	170 
FIGURE 50	EMERSON ELECTRIC CO.: COMPANY SNAPSHOT	171 
TABLE 119	EMERSON ELECTRIC CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED	171 
TABLE 120	EMERSON ELECTRIC CO.: DEALS	172 
11.1.3	HONEYWELL INTERNATIONAL INC.	173 
TABLE 121	HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW	173 
FIGURE 51	HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT	174 
TABLE 122	HONEYWELL INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED	174 
TABLE 123	HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES	175 
TABLE 124	HONEYWELL INTERNATIONAL INC.: DEALS	176 
TABLE 125	HONEYWELL INTERNATIONAL INC.: OTHERS	176 
11.1.4	SCHNEIDER ELECTRIC	178 
TABLE 126	SCHNEIDER ELECTRIC: COMPANY OVERVIEW	178 
FIGURE 52	SCHNEIDER ELECTRIC: COMPANY SNAPSHOT	179 
TABLE 127	SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED	179 
TABLE 128	SCHNEIDER ELECTRIC: PRODUCT LAUNCHES	180 
TABLE 129	SCHNEIDER ELECTRIC: DEALS	180 
11.1.5	SIEMENS	182 
TABLE 130	SIEMENS: COMPANY OVERVIEW	182 
FIGURE 53	SIEMENS: COMPANY SNAPSHOT	183 
TABLE 131	SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED	183 
TABLE 132	SIEMENS: PRODUCT LAUNCHES	184 
TABLE 133	SIEMENS: DEALS	184 
TABLE 134	SIEMENS: OTHERS	185 
11.1.6	YOKOGAWA ELECTRIC CORPORATION	186 
TABLE 135	YOKOGAWA ELECTRIC CORPORATION: COMPANY OVERVIEW	186 
FIGURE 54	YOKOGAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT	187 
TABLE 136	YOKOGAWA ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED	187 
TABLE 137	YOKOGAWA ELECTRIC CORPORATION: DEALS	188 
TABLE 138	YOKOGAWA ELECTRIC CORPORATION: EXPANSION	189 
11.1.7	CISCO SYSTEMS, INC.	190 
TABLE 139	CISCO SYSTEMS, INC.: COMPANY OVERVIEW	190 
FIGURE 55	CISCO SYSTEMS, INC.: COMPANY SNAPSHOT	191 
TABLE 140	CISCO SYSTEMS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED	191 
TABLE 141	CISCO SYSTEMS, INC.: DEALS	192 
11.1.8	3D SYSTEMS, INC.	193 
TABLE 142	3D SYSTEMS, INC.: COMPANY OVERVIEW	193 
FIGURE 56	3D SYSTEMS, INC.: COMPANY SNAPSHOT	194 
TABLE 143	3D SYSTEMS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED	194 
TABLE 144	3D SYSTEMS, INC.: DEALS	195 
11.1.9	STRATASYS	197 
TABLE 145	STRATASYS: COMPANY OVERVIEW	197 
FIGURE 57	STRATASYS: COMPANY SNAPSHOT	197 
TABLE 146	STRATASYS: PRODUCTS/SOLUTIONS/SERVICES OFFERED	198 
TABLE 147	STRATASYS: PRODUCT LAUNCHES	198 
TABLE 148	STRATASYS: DEALS	198 
TABLE 149	STRATASYS: OTHERS	199 
11.1.10	SAP	200 
TABLE 150	SAP: COMPANY OVERVIEW	200 
FIGURE 58	SAP: COMPANY SNAPSHOT	201 
TABLE 151	SAP: PRODUCTS/SOLUTIONS/SERVICES OFFERED	201 
TABLE 152	SAP: DEALS	202 
TABLE 153	SAP: OTHERS	203 
11.1.11	ORACLE	204 
TABLE 154	ORACLE: COMPANY OVERVIEW	204 
FIGURE 59	ORACLE: COMPANY SNAPSHOT	205 
TABLE 155	ORACLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED	205 
TABLE 156	ORACLE: PRODUCT LAUNCHES	206 
11.2	OTHER PLAYERS	207 
11.2.1	GOOGLE LLC	207 
11.2.2	INTEL CORPORATION	208 
11.2.3	KEYENCE CORPORATION	209 
11.2.4	NVIDIA CORPORATION	210 
11.2.5	SAMSUNG	211 
11.2.6	SONY CORPORATION	212 
11.2.7	UNIVERSAL ROBOTS A/S	213 
11.2.8	OMRON CORPORATION	214 
11.2.9	AMS-OSRAM AG	215 
11.2.10	ROCKWELL AUTOMATION	216 
11.2.11	MITSUBISHI ELECTRIC CORPORATION	217 
TABLE 157	MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW	217 
11.2.12	OTTOBOCK	218 
TABLE 158	OTTOBOCK: COMPANY OVERVIEW	218 
11.2.13	WIKITUDE, A QUALCOMM COMPANY	219 
11.2.14	DNV AS	220 
*Details on Business overview, Products/Solutions/Services offered, Recent developments, Product launches, Deals, MnM view, Key Strengths/Right to win, Strategic choices made, and Weaknesses and Competitive threats might not be captured in case of unlisted companies. 
12	APPENDIX	221 
12.1	INSIGHTS FROM INDUSTRY EXPERTS	221 
12.2	DISCUSSION GUIDE	222 
12.3	KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL	225 
12.4	CUSTOMIZATION OPTIONS	227 
12.5	RELATED REPORTS	227 
12.6	AUTHOR DETAILS	228 
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