Industry 5.0 Market Market Size, Share, Trends, Growth Outlook

Industry 5.0 Market is estimated to increase at a growth rate of 28.8% CAGR over the forecast period from 2024 to 2030.

The global Industry 5.0 Market study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Technology (Digital Twin, Industrial 3D Printing, AI In Manufacturing, AR/VR, Industrial Sensors, Robots), By End-User (Automotive, Energy, Medical, Semiconductor & Electronics, Food & Beverage, Oil & Gas, Aerospace, Metals & Mining, Chemicals , Others).

An Introduction to Industry 5.0 Market, 2024

The Industry 5.0 Market in 2024 marks the convergence of industrial automation and human-centric manufacturing paradigms, emphasizing collaboration between humans and machines to drive innovation, agility, and sustainability in industrial production processes. Building upon the foundations of Industry 4.0, Industry 5.0 represents a holistic approach to manufacturing that leverages advanced technologies such as artificial intelligence, robotics, and the Internet of Things (IoT) to empower human workers and enhance their roles in the production environment. The market experiences rapid evolution driven by factors such as changing workforce demographics, increasing demand for customization, and the pursuit of environmentally conscious manufacturing practices. Industry 5.0 solutions integrate human skills, creativity, and decision-making with automation and digital technologies to enable flexible and adaptive manufacturing systems capable of responding to dynamic market demands. Additionally, collaborative robots (cobots), augmented reality (AR) tools, and digital twin simulations empower workers to interact with machines intuitively, optimize production processes, and solve complex manufacturing challenges in real-time. Furthermore, Industry 5.0 initiatives foster innovation ecosystems, industry-academia partnerships, and regulatory frameworks that promote responsible and sustainable manufacturing practices. As industries embrace human-centered automation and digital transformation, the Industry 5.0 market remains pivotal in shaping the future of manufacturing towards greater efficiency, resilience, and human empowerment.

Industry 5.0 Market Competitive Landscape

The global Industry 5.0 Market Industry is highly competitive with a large number of companies focusing on niche market segments. Amidst intense competitive conditions, Industry 5.0 Market Companies are investing in new product launches and strengthening distribution channels. Key companies operating in the Industry 5.0 Market Industry include- 3D Systems Corp, ABB Ltd, Cisco Systems Inc, Emerson Electric Co., Google LLC, Honeywell International Inc, Intel Corp, Keyence Corp, NVIDIA Corp, Omron Corp, Rockwell Automation Inc, Samsung Electronics Co. Ltd, Schneider Electric SE, Siemens AG, Stratasys Ltd, Yokogawa Electric Corp

Industry 5.0 Market Trend: Integration of Human Expertise with Advanced Technologies

A significant trend in the Industry 5.0 Market is the integration of human expertise with advanced technologies, driven by the recognition of the unique capabilities and skills that humans bring to the manufacturing process. Industry 5.0 represents a shift towards collaborative manufacturing environments where humans work alongside robots, AI, and automation systems to enhance productivity, quality, and innovation. This reflects a holistic approach to manufacturing that leverages the strengths of both humans and machines, driving market demand for solutions that facilitate human-machine collaboration, knowledge transfer, and skill enhancement in the industrial sector.

Industry 5.0 Market Driver: Demand for Customization and Personalization in Manufacturing

A significant driver propelling the Industry 5.0 Market is the increasing demand for customization and personalization in manufacturing, driven by shifting consumer preferences, evolving market dynamics, and advancements in digital technologies. As consumers seek unique and tailored products that meet their individual needs and preferences, manufacturers are under pressure to deliver customizable and personalized solutions efficiently and cost-effectively. Industry 5.0 enables manufacturers to leverage flexible and agile production processes that combine the efficiency of automation with the creativity and adaptability of human workers, driving market demand for solutions that support mass customization, small-batch production, and rapid product innovation.

Industry 5.0 Market Opportunity: Development of Hybrid Manufacturing Solutions

An untapped opportunity in the Industry 5.0 Market lies in the development of hybrid manufacturing solutions that seamlessly integrate traditional manufacturing methods with advanced technologies to enable flexible, efficient, and adaptive production processes. By combining additive manufacturing, subtractive manufacturing, robotics, AI, and human expertise, hybrid manufacturing solutions can offer manufacturers the flexibility to produce a wide range of products with varying complexities, materials, and specifications. The opportunity aligns with the trend toward hybrid manufacturing approaches that balance the benefits of automation with the creativity and problem-solving skills of human workers, driving market innovation and growth in the Industry 5.0 Market.

Industry 5.0 Market Market Segmentation

By Technology
Digital Twin
Industrial 3D Printing
AI In Manufacturing
AR/VR
Industrial Sensors
Robots
By End-User
Automotive
Energy
Medical
Semiconductor & Electronics
Food & Beverage
Oil & Gas
Aerospace
Metals & Mining
Chemicals
Others
Geographical Analysis
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa

Industry 5.0 Market Companies

3D Systems Corp
ABB Ltd
Cisco Systems Inc
Emerson Electric Co.
Google LLC
Honeywell International Inc
Intel Corp
Keyence Corp
NVIDIA Corp
Omron Corp
Rockwell Automation Inc
Samsung Electronics Co. Ltd
Schneider Electric SE
Siemens AG
Stratasys Ltd
Yokogawa Electric Corp
*- List not Exhaustive

TABLE OF CONTENTS

1 Introduction to 2024 Industry 5.0 Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Industry 5.0 Market Size Outlook, $ Million, 2021 to 2030
3.2 Industry 5.0 Market Outlook by Type, $ Million, 2021 to 2030
3.3 Industry 5.0 Market Outlook by Product, $ Million, 2021 to 2030
3.4 Industry 5.0 Market Outlook by Application, $ Million, 2021 to 2030
3.5 Industry 5.0 Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Industry 5.0 Industry
4.2 Key Market Trends in Industry 5.0 Industry
4.3 Potential Opportunities in Industry 5.0 Industry
4.4 Key Challenges in Industry 5.0 Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Industry 5.0 Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Industry 5.0 Market Outlook by Segments
7.1 Industry 5.0 Market Outlook by Segments, $ Million, 2021- 2030
By Technology
Digital Twin
Industrial 3D Printing
AI In Manufacturing
AR/VR
Industrial Sensors
Robots
By End-User
Automotive
Energy
Medical
Semiconductor & Electronics
Food & Beverage
Oil & Gas
Aerospace
Metals & Mining
Chemicals
Others

8 North America Industry 5.0 Market Analysis and Outlook To 2030
8.1 Introduction to North America Industry 5.0 Markets in 2024
8.2 North America Industry 5.0 Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Industry 5.0 Market size Outlook by Segments, 2021-2030
By Technology
Digital Twin
Industrial 3D Printing
AI In Manufacturing
AR/VR
Industrial Sensors
Robots
By End-User
Automotive
Energy
Medical
Semiconductor & Electronics
Food & Beverage
Oil & Gas
Aerospace
Metals & Mining
Chemicals
Others

9 Europe Industry 5.0 Market Analysis and Outlook To 2030
9.1 Introduction to Europe Industry 5.0 Markets in 2024
9.2 Europe Industry 5.0 Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Industry 5.0 Market Size Outlook by Segments, 2021-2030
By Technology
Digital Twin
Industrial 3D Printing
AI In Manufacturing
AR/VR
Industrial Sensors
Robots
By End-User
Automotive
Energy
Medical
Semiconductor & Electronics
Food & Beverage
Oil & Gas
Aerospace
Metals & Mining
Chemicals
Others

10 Asia Pacific Industry 5.0 Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Industry 5.0 Markets in 2024
10.2 Asia Pacific Industry 5.0 Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Industry 5.0 Market size Outlook by Segments, 2021-2030
By Technology
Digital Twin
Industrial 3D Printing
AI In Manufacturing
AR/VR
Industrial Sensors
Robots
By End-User
Automotive
Energy
Medical
Semiconductor & Electronics
Food & Beverage
Oil & Gas
Aerospace
Metals & Mining
Chemicals
Others

11 South America Industry 5.0 Market Analysis and Outlook To 2030
11.1 Introduction to South America Industry 5.0 Markets in 2024
11.2 South America Industry 5.0 Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Industry 5.0 Market size Outlook by Segments, 2021-2030
By Technology
Digital Twin
Industrial 3D Printing
AI In Manufacturing
AR/VR
Industrial Sensors
Robots
By End-User
Automotive
Energy
Medical
Semiconductor & Electronics
Food & Beverage
Oil & Gas
Aerospace
Metals & Mining
Chemicals
Others

12 Middle East and Africa Industry 5.0 Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Industry 5.0 Markets in 2024
12.2 Middle East and Africa Industry 5.0 Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Industry 5.0 Market size Outlook by Segments, 2021-2030
By Technology
Digital Twin
Industrial 3D Printing
AI In Manufacturing
AR/VR
Industrial Sensors
Robots
By End-User
Automotive
Energy
Medical
Semiconductor & Electronics
Food & Beverage
Oil & Gas
Aerospace
Metals & Mining
Chemicals
Others

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
3D Systems Corp
ABB Ltd
Cisco Systems Inc
Emerson Electric Co.
Google LLC
Honeywell International Inc
Intel Corp
Keyence Corp
NVIDIA Corp
Omron Corp
Rockwell Automation Inc
Samsung Electronics Co. Ltd
Schneider Electric SE
Siemens AG
Stratasys Ltd
Yokogawa Electric Corp
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Technology
Digital Twin
Industrial 3D Printing
AI In Manufacturing
AR/VR
Industrial Sensors
Robots
By End-User
Automotive
Energy
Medical
Semiconductor & Electronics
Food & Beverage
Oil & Gas
Aerospace
Metals & Mining
Chemicals
Others