Industry 5.0 Market Demand Analysis, Opportunities and Future Scope 2034
Global Industry 5.0 Market Growth, Size, Trends Analysis - By Component, By Technology, By End User - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Jul-2025 | Report ID: IACT25103 | Pages: 1 - 222 | Formats*: |
| Category : Information & Communications Technology | |||
Industry 5.0 Market Introduction and Overview
According to SPER Market Research, the Global Industry 5.0 Market is estimated to reach USD 1011.98 billion by 2034 with a CAGR of 31.43%.
The report includes an in-depth analysis of the Global Industry 5.0 Market, including market size and trends, product mix, Applications, and supplier analysis. The Industry 5.0 market share is quickly rising, thanks to technical breakthroughs in AI, IoT, robots, and 3D printing, which allow businesses to automate processes, personalise products, and boost productivity. Customers' needs for more customised, sustainable, and often updated products necessitate flexible and adaptive manufacturing processes. Finally, the increased requirement for resilience in the face of disruptions and sustainability concerns has prompted Industry 5.0 to prioritise resource optimisation, flexibility, and worker well-being, resulting in a significant market landscape.
By Component Insights
The hardware segment had a large market share in 2024, particularly in the collaborative robot (cobots) sector, which is fast-growing within Industry 5.0. Cobots work side by side with humans, improving productivity in tasks like assembly, packaging, and testing. They use advanced sensors and AI technology to work safely with people. The push for automation in manufacturing and the focus on human-centered design are leading to a quicker adoption of cobots, which help create personalized products on flexible production lines that combine human creativity with robotic accuracy.
The software segment is expected to develop the fastest between 2025 and 2034, with digital twin technologies becoming increasingly essential. This technology allows businesses to create virtual models of physical assets, enabling them to simulate and understand how these systems behave. This understanding helps companies optimize their operations and fix problems before they happen. Digital twin software, integrating AI, machine learning, and IoT data, enhances real-time decision-making and supports collaboration between humans and machines, allowing businesses to adjust to changing needs while maintaining efficiency and sustainability.
By Technology Insights
The robotics segment also captured a major market share in 2024, with modern robots using advanced sensors for better precision and safety. Technologies like LiDAR, 3D vision, and haptic sensors help robots operate in complex settings with less human help. These improvements drive the reliance on robotics as industries seek precision and safety. The AI & Machine Learning market is predicted to develop the fastest in the next years, with a focus on mass customisation. Manufacturers harness AI and ML to create personalized products in real-time, adapting to customer preferences quickly while maximizing efficiency.
By End User Insights
The manufacturing sector had the largest market share in 2024, with a trend toward hyper-personalized production using AI analytics to create customized products. Smart factories utilize AI and digital twins to analyze customer preferences and adjust production in real time. Additive manufacturing (3D printing) is important for quick prototyping and on-demand production. AI in supply chains supports timely delivery of materials, cutting waste and inventory costs. This focus on customization enhances customer satisfaction and creates new revenue streams. The automotive sector is expected to grow rapidly, driven by technological advancements, especially IoT, which improves efficiency and monitors equipment performance.
Regional Insights
North America generated the greatest revenue share in Industry 5.0 market in 2024. The area is a global leader in Industry 5.0 adoption, thanks to groundbreaking advances in artificial intelligence (AI), robots, and digital twin technologies. Rapid automation in important areas, including manufacturing and logistics, is improving operational efficiency, productivity, and sustainability. Government regulations that encourage investments in smart industries are hastening the transition to human-centric automation and innovation.
Market Competitive Landscape
The Industry 5.0 market is characterised by moderate to intense competition, which is driven by rapid innovation, human-centric automation, and strategic alliances. ABB Ltd, Siemens AG, 3D Systems, Honeywell International Inc, and Rockwell Automation, Inc are leading the way in AI, collaborative robotics, and digital twin technologies. The growing need for customised, sustainable, and intelligent solutions in the industrial, healthcare, and logistics industries is driving up competition.
Recent Developments:
- In October 2024, Leonardo plans to explore mergers and joint ventures to improve its position in the space market, focusing on space technologies relevant to Industry 5.0.
- In August 2024, Emerson Electric Co. introduced a new factory tool suite to boost efficiency and minimize downtime in manufacturing, emphasizing better human-machine interactions in Industry 5.0.
- In July 2024, Siemens formed a partnership with a robotics company to create collaborative robots for electronics assembly lines, merging human skills with robotic precision to improve production quality and flexibility in line with Industry 5.0 principles.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Component, By Technology, By End User |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | ABB, Honeywell International Inc, 3D Systems, Rockwell Automation, Siemens, Emerson Electric Co, Piher Sensing Systems, Stratasys, Schneider Electric, Cisco Systems, Inc, FANUC CORPORATION, Yaskawa Electric Corp. |
Key Topics Covered in the Report
- Global Industry 5.0 Market Size (FY’2021-FY’2034)
- Overview of Global Industry 5.0 Market
- Segmentation of Global Industry 5.0 Market By Component (Hardware, Software, Services)
- Segmentation of Global Industry 5.0 Market By Technology (3D Printing, Robotics, Industrial Sensors, Cloud Computing, Artificial Intelligence & Machine Learning, Augmented Reality & Virtual Reality, Digital Twin, Big Data & Advanced Analytics, Others)
- Segmentation of Global Industry 5.0 Market By End User (Manufacturing, Healthcare, Automotive, Energy & Utilities, Oil and Gas, Food & Beverage, Aerospace and Defense, Others)
- Statistical Snap of Global Industry 5.0 Market
- Expansion Analysis of Global Industry 5.0 Market
- Problems and Obstacles in Global Industry 5.0 Market
- Competitive Landscape in the Global Industry 5.0 Market
- Details on Current Investment in Global Industry 5.0 Market
- Competitive Analysis of Global Industry 5.0 Market
- Prominent Players in the Global Industry 5.0 Market
- SWOT Analysis of Global Industry 5.0 Market
- Global Industry 5.0 Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPERs internal database
- 2.1.4. Premium insight from KOLs
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTERs Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
6. Competitive Landscape
- 6.1. Global Industry 5.0 Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Industry 5.0 Market
7. Global Industry 5.0 Market, By Component (USD Million) 2021-2034
- 7.1. Hardware
- 7.2. Software
- 7.3. Services
8. Global Industry 5.0 Market, By Technology (USD Million) 2021-2034
- 8.1. 3D Printing
- 8.2. Robotics
- 8.3. Industrial Sensors
- 8.4. Cloud Computing
- 8.5. Artificial Intelligence (AI) & Machine Learning (ML)
- 8.6. Augmented Reality (AR) & Virtual Reality (VR)
- 8.7. Digital Twin
- 8.8. Big Data & Advanced Analytics
- 8.9. Others
9. Global Industry 5.0 Market, By End User (USD Million) 2021-2034
- 9.1. Manufacturing
- 9.2. Healthcare
- 9.3. Automotive
- 9.4. Energy & Utilities
- 9.5. Oil and Gas
- 9.6. Food & Beverage
- 9.7. Aerospace and Defense
- 9.8. Others
10. Global Industry 5.0 Market, (USD Million) 2021-2034
- 10.1.Global Industry 5.0 Market Size and Market Share
11. Global Industry 5.0 Market, By Region, (USD Million) 2021-2034
- 11.1. Asia-Pacific
- 11.1.1. Australia
- 11.1.2. China
- 11.1.3. India
- 11.1.4. Japan
- 11.1.5. South Korea
- 11.1.6. Rest of Asia-Pacific
- 11.2. Europe
- 11.2.1. France
- 11.2.2. Germany
- 11.2.3. Italy
- 11.2.4. Spain
- 11.2.5. United Kingdom
- 11.2.6. Rest of Europe
- 11.3. Middle East and Africa
- 11.3.1. Kingdom of Saudi Arabia
- 11.3.2. United Arab Emirates
- 11.3.3. Qatar
- 11.3.4. South Africa
- 11.3.5. Egypt
- 11.3.6. Morocco
- 11.3.7. Nigeria
- 11.3.8. Rest of Middle-East and Africa
- 11.4. North America
- 11.4.1. Canada
- 11.4.2. Mexico
- 11.4.3. United States
- 11.5. Latin America
- 11.5.1. Argentina
- 11.5.2. Brazil
- 11.5.3. Rest of Latin America
12. Company Profile
- 12.1. ABB
- 12.1.1. Company details
- 12.1.2. Financial outlook
- 12.1.3. Product summary
- 12.1.4. Recent developments
- 12.2. Honeywell International Inc
- 12.2.1. Company details
- 12.2.2. Financial outlook
- 12.2.3. Product summary
- 12.2.4. Recent developments
- 12.3. 3D Systems
- 12.3.1. Company details
- 12.3.2. Financial outlook
- 12.3.3. Product summary
- 12.3.4. Recent developments
- 12.4. Rockwell Automation
- 12.4.1. Company details
- 12.4.2. Financial outlook
- 12.4.3. Product summary
- 12.4.4. Recent developments
- 12.5. Siemens
- 12.5.1. Company details
- 12.5.2. Financial outlook
- 12.5.3. Product summary
- 12.5.4. Recent developments
- 12.6. Emerson Electric Co
- 12.6.1. Company details
- 12.6.2. Financial outlook
- 12.6.3. Product summary
- 12.6.4.Recent developments
- 12.7. Piher Sensing Systems
- 12.7.1. Company details
- 12.7.2. Financial outlook
- 12.7.3. Product summary
- 12.7.4. Recent developments
- 12.8. Stratasys
- 12.8.1. Company details
- 12.8.2. Financial outlook
- 12.8.3. Product summary
- 12.8.4. Recent developments
- 12.9. Schneider Electric
- 12.9.1. Company details
- 12.9.2. Financial outlook
- 12.9.3. Product summary
- 12.9.4. Recent developments
- 12.10. Cisco Systems, Inc
- 12.10.1. Company details
- 12.10.2. Financial outlook
- 12.10.3. Product summary
- 12.10.4. Recent developments
- 12.11. FANUC CORPORATION
- 12.11.1. Company details
- 12.11.2. Financial outlook
- 12.11.3. Product summary
- 12.11.4. Recent developments
- 12.12. Yaskawa Electric Corp
- 12.12.1. Company details
- 12.12.2. Financial outlook
- 12.12.3. Product summary
- 12.12.4. Recent developments
- 12.12.5. Recent developments
- 12.13. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Industry 5.0 Market is projected to reach USD 1011.98 billion by 2034, growing at a CAGR of 31.43% during the forecast period.
Industry 5.0 Market grew in Market size from 2025. The Market is expected to reach USD 1011.98 billion by 2034, at a CAGR of 31.43% during the forecast period.
Industry 5.0 Market CAGR of 31.43% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Industry 5.0 Market size is USD 1011.98 billion from 2025 to 2034.
Industry 5.0 Market is covered By Component, By Technology, By End User
The North America is anticipated to have the highest Market share in the Industry 5.0 Market.
ABB, Honeywell International Inc, 3D Systems, Rockwell Automation, Siemens, Emerson Electric Co, Piher Sensing Systems, Stratasys, Schneider Electric, Cisco Systems, Inc, FANUC CORPORATION, Yaskawa Electric Corp.
The report includes an in-depth analysis of the Global Industry 5.0 Market, including market size and trends, product mix, Applications, and supplier analysis
PLACE AN ORDER
Year End Discount
Sample Report
Pre-Purchase Inquiry
NEED CUSTOMIZATION?
Request CustomizationCALL OR EMAIL US
100% Secure Payment
Related Reports
Have a glance of the Report
Our Global Clients
Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
