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PUBLISHER: KBV Research | PRODUCT CODE: 1661730
PUBLISHER: KBV Research | PRODUCT CODE: 1661730
North America Industry 5.0 Market Size, Share & Trends Analysis Report By Component (Hardware, Software, and Services), By End Use, By Technology, By Country and Growth Forecast, 2024 - 2031
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The North America Industry 5.0 Market would witness market growth of 28.3% CAGR during the forecast period (2024-2031).
The US market dominated the North America Industry 5.0 Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $89,105.7 million by 2031. The Canada market is expected to witness a CAGR of 29.8% during (2024 - 2031). Additionally, The Mexico market would register a CAGR of 29.6% during (2024 - 2031).
Industry 5.0, often described as the next evolution in the industrial revolution, is emerging as a new paradigm in the manufacturing, production, and service sectors. Building upon the foundation of Industry 4.0, which heavily emphasizes automation, connectivity, and data analytics, Industry 5.0 focuses on human-centric approaches. This revolutionary phase aims to balance technological advances with human expertise, combining both strengths to create more sustainable, efficient, and innovative production systems.
While Industry 4.0 was primarily driven by machine learning, artificial intelligence (AI), robotics, and the Internet of Things (IoT), Industry 5.0 is characterized by human-robot collaboration, personalized manufacturing, and advanced customization. The aim is to redefine the relationship between people and machines in the workplace, leveraging humans' unique skills and machines' efficiency. In this context, Industry 5.0 emphasizes increased collaboration, precision, and innovation while focusing on environmental sustainability and societal well-being.
Canada's food and beverage processing sector, the country's top manufacturing industry in 2022, reached record-high sales of $156.5 billion, with exports surging to $54.3 billion. With rising production demands, Industry 5.0 enables enhanced automation and human-robot collaboration to streamline processes while maintaining quality. Industry 5.0 supports mass customization in food production, allowing manufacturers to cater to evolving consumer preferences while minimizing waste. Leveraging Industry 5.0 technologies, such as blockchain and IoT, Canada's food and beverage sector can improve traceability, efficiency, and sustainability across supply chains. Thus, the growth of clean energy in Mexico and the expansion of Canada's food and beverage processing industry act as catalysts for Industry 5.0 adoption.
Based on Component, the market is segmented into Hardware, Software, and Services. Based on End Use, the market is segmented into Manufacturing, Automotive, Food & Beverage, Oil & Gas, Healthcare, Energy & Utilities, and Others. Based on Technology, the market is segmented into Robotics, 3D Printing, Artificial Intelligence (AI) & Machine Learning (ML), Industrial Sensors, Cloud Computing, Big Data & Advanced Analytics, Augmented Reality (AR) & Virtual Reality (VR), Digital Twin, and Other Technology. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- ABB Ltd.
- Rockwell Automation, Inc.
- Siemens AG
- Hexagon AB
- Schneider Electric SE
- Cisco Systems, Inc.
- Kuka AG (Midea Group Co., Ltd.)
- Google LLC (Alphabet Inc.)
- Nokia Corporation
- SAP SE
North America Industry 5.0 Market Report Segmentation
By Component
- Hardware
- Software
- Services
By End Use
- Manufacturing
- Automotive
- Food & Beverage
- Oil & Gas
- Healthcare
- Energy & Utilities
- Others
By Technology
- Robotics
- 3D Printing
- Artificial Intelligence (AI) & Machine Learning (ML)
- Industrial Sensors
- Cloud Computing
- Big Data & Advanced Analytics
- Augmented Reality (AR) & Virtual Reality (VR)
- Digital Twin
- Other Technology
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Industry 5.0 Market, by Component
- 1.4.2 North America Industry 5.0 Market, by End Use
- 1.4.3 North America Industry 5.0 Market, by Technology
- 1.4.4 North America Industry 5.0 Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.2.4 Geographical Expansion
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.5 Porter Five Forces Analysis
Chapter 5. North America Industry 5.0 Market by Component
- 5.1 North America Hardware Market by Country
- 5.2 North America Software Market by Country
- 5.3 North America Services Market by Country
Chapter 6. North America Industry 5.0 Market by End Use
- 6.1 North America Manufacturing Market by Country
- 6.2 North America Automotive Market by Country
- 6.3 North America Food & Beverage Market by Country
- 6.4 North America Oil & Gas Market by Country
- 6.5 North America Healthcare Market by Country
- 6.6 North America Energy & Utilities Market by Country
- 6.7 North America Others Market by Country
Chapter 7. North America Industry 5.0 Market by Technology
- 7.1 North America Robotics Market by Country
- 7.2 North America 3D Printing Market by Country
- 7.3 North America Artificial Intelligence (AI) & Machine Learning (ML) Market by Country
- 7.4 North America Industrial Sensors Market by Country
- 7.5 North America Cloud Computing Market by Country
- 7.6 North America Big Data & Advanced Analytics Market by Country
- 7.7 North America Augmented Reality (AR) & Virtual Reality (VR) Market by Country
- 7.8 North America Digital Twin Market by Country
- 7.9 North America Other Technology Market by Country
Chapter 8. North America Industry 5.0 Market by Country
- 8.1 US Industry 5.0 Market
- 8.1.1 US Industry 5.0 Market by Component
- 8.1.2 US Industry 5.0 Market by End Use
- 8.1.3 US Industry 5.0 Market by Technology
- 8.2 Canada Industry 5.0 Market
- 8.2.1 Canada Industry 5.0 Market by Component
- 8.2.2 Canada Industry 5.0 Market by End Use
- 8.2.3 Canada Industry 5.0 Market by Technology
- 8.3 Mexico Industry 5.0 Market
- 8.3.1 Mexico Industry 5.0 Market by Component
- 8.3.2 Mexico Industry 5.0 Market by End Use
- 8.3.3 Mexico Industry 5.0 Market by Technology
- 8.4 Rest of North America Industry 5.0 Market
- 8.4.1 Rest of North America Industry 5.0 Market by Component
- 8.4.2 Rest of North America Industry 5.0 Market by End Use
- 8.4.3 Rest of North America Industry 5.0 Market by Technology
Chapter 9. Company Profiles
- 9.1 ABB Ltd.
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expense
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Partnerships, Collaborations, and Agreements:
- 9.1.5.2 Acquisition and Mergers:
- 9.1.5.3 Geographical Expansions:
- 9.1.6 SWOT Analysis
- 9.2 Rockwell Automation, Inc.
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expenses
- 9.2.5 SWOT Analysis
- 9.3 Siemens AG
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expense
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Partnerships, Collaborations, and Agreements:
- 9.3.5.2 Product Launches and Product Expansions:
- 9.3.5.3 Acquisition and Mergers:
- 9.3.6 SWOT Analysis
- 9.4 Hexagon AB
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Regional & Segmental Analysis
- 9.4.4 Research & Development Expenses
- 9.4.5 SWOT Analysis
- 9.5 Schneider Electric SE
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expense
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Partnerships, Collaborations, and Agreements:
- 9.5.5.2 Product Launches and Product Expansions:
- 9.5.6 SWOT Analysis
- 9.6 Cisco Systems, Inc.
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Regional Analysis
- 9.6.4 Research & Development Expense
- 9.6.5 SWOT Analysis
- 9.7 Kuka AG (Midea Group Co., Ltd.)
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental and Regional Analysis
- 9.7.4 Research & Development Expenses
- 9.7.5 SWOT Analysis
- 9.8 Google LLC (Alphabet Inc.)
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Research & Development Expense
- 9.8.5 SWOT Analysis
- 9.9 Nokia Corporation
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Segmental and Regional Analysis
- 9.9.4 Research & Development Expense
- 9.9.5 SWOT Analysis
- 9.10. SAP SE
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Regional Analysis
- 9.10.4 Research & Development Expense
- 9.10.5 SWOT Analysis
LIST OF TABLES
- TABLE 1 North America Industry 5.0 Market, 2020 - 2023, USD Million
- TABLE 2 North America Industry 5.0 Market, 2024 - 2031, USD Million
- TABLE 3 Partnerships, Collaborations and Agreements- Industry 5.0 Market
- TABLE 4 Product Launches And Product Expansions- Industry 5.0 Market
- TABLE 5 Acquisition and Mergers- Industry 5.0 Market
- TABLE 6 Geographical Expansion- Industry 5.0 Market
- TABLE 7 North America Industry 5.0 Market by Component, 2020 - 2023, USD Million
- TABLE 8 North America Industry 5.0 Market by Component, 2024 - 2031, USD Million
- TABLE 9 North America Hardware Market by Country, 2020 - 2023, USD Million
- TABLE 10 North America Hardware Market by Country, 2024 - 2031, USD Million
- TABLE 11 North America Software Market by Country, 2020 - 2023, USD Million
- TABLE 12 North America Software Market by Country, 2024 - 2031, USD Million
- TABLE 13 North America Services Market by Country, 2020 - 2023, USD Million
- TABLE 14 North America Services Market by Country, 2024 - 2031, USD Million
- TABLE 15 North America Industry 5.0 Market by End Use, 2020 - 2023, USD Million
- TABLE 16 North America Industry 5.0 Market by End Use, 2024 - 2031, USD Million
- TABLE 17 North America Manufacturing Market by Country, 2020 - 2023, USD Million
- TABLE 18 North America Manufacturing Market by Country, 2024 - 2031, USD Million
- TABLE 19 North America Automotive Market by Country, 2020 - 2023, USD Million
- TABLE 20 North America Automotive Market by Country, 2024 - 2031, USD Million
- TABLE 21 North America Food & Beverage Market by Country, 2020 - 2023, USD Million
- TABLE 22 North America Food & Beverage Market by Country, 2024 - 2031, USD Million
- TABLE 23 North America Oil & Gas Market by Country, 2020 - 2023, USD Million
- TABLE 24 North America Oil & Gas Market by Country, 2024 - 2031, USD Million
- TABLE 25 North America Healthcare Market by Country, 2020 - 2023, USD Million
- TABLE 26 North America Healthcare Market by Country, 2024 - 2031, USD Million
- TABLE 27 North America Energy & Utilities Market by Country, 2020 - 2023, USD Million
- TABLE 28 North America Energy & Utilities Market by Country, 2024 - 2031, USD Million
- TABLE 29 North America Others Market by Country, 2020 - 2023, USD Million
- TABLE 30 North America Others Market by Country, 2024 - 2031, USD Million
- TABLE 31 North America Industry 5.0 Market by Technology, 2020 - 2023, USD Million
- TABLE 32 North America Industry 5.0 Market by Technology, 2024 - 2031, USD Million
- TABLE 33 North America Robotics Market by Country, 2020 - 2023, USD Million
- TABLE 34 North America Robotics Market by Country, 2024 - 2031, USD Million
- TABLE 35 North America 3D Printing Market by Country, 2020 - 2023, USD Million
- TABLE 36 North America 3D Printing Market by Country, 2024 - 2031, USD Million
- TABLE 37 North America Artificial Intelligence (AI) & Machine Learning (ML) Market by Country, 2020 - 2023, USD Million
- TABLE 38 North America Artificial Intelligence (AI) & Machine Learning (ML) Market by Country, 2024 - 2031, USD Million
- TABLE 39 North America Industrial Sensors Market by Country, 2020 - 2023, USD Million
- TABLE 40 North America Industrial Sensors Market by Country, 2024 - 2031, USD Million
- TABLE 41 North America Cloud Computing Market by Country, 2020 - 2023, USD Million
- TABLE 42 North America Cloud Computing Market by Country, 2024 - 2031, USD Million
- TABLE 43 North America Big Data & Advanced Analytics Market by Country, 2020 - 2023, USD Million
- TABLE 44 North America Big Data & Advanced Analytics Market by Country, 2024 - 2031, USD Million
- TABLE 45 North America Augmented Reality (AR) & Virtual Reality (VR) Market by Country, 2020 - 2023, USD Million
- TABLE 46 North America Augmented Reality (AR) & Virtual Reality (VR) Market by Country, 2024 - 2031, USD Million
- TABLE 47 North America Digital Twin Market by Country, 2020 - 2023, USD Million
- TABLE 48 North America Digital Twin Market by Country, 2024 - 2031, USD Million
- TABLE 49 North America Other Technology Market by Country, 2020 - 2023, USD Million
- TABLE 50 North America Other Technology Market by Country, 2024 - 2031, USD Million
- TABLE 51 North America Industry 5.0 Market by Country, 2020 - 2023, USD Million
- TABLE 52 North America Industry 5.0 Market by Country, 2024 - 2031, USD Million
- TABLE 53 US Industry 5.0 Market, 2020 - 2023, USD Million
- TABLE 54 US Industry 5.0 Market, 2024 - 2031, USD Million
- TABLE 55 US Industry 5.0 Market by Component, 2020 - 2023, USD Million
- TABLE 56 US Industry 5.0 Market by Component, 2024 - 2031, USD Million
- TABLE 57 US Industry 5.0 Market by End Use, 2020 - 2023, USD Million
- TABLE 58 US Industry 5.0 Market by End Use, 2024 - 2031, USD Million
- TABLE 59 US Industry 5.0 Market by Technology, 2020 - 2023, USD Million
- TABLE 60 US Industry 5.0 Market by Technology, 2024 - 2031, USD Million
- TABLE 61 Canada Industry 5.0 Market, 2020 - 2023, USD Million
- TABLE 62 Canada Industry 5.0 Market, 2024 - 2031, USD Million
- TABLE 63 Canada Industry 5.0 Market by Component, 2020 - 2023, USD Million
- TABLE 64 Canada Industry 5.0 Market by Component, 2024 - 2031, USD Million
- TABLE 65 Canada Industry 5.0 Market by End Use, 2020 - 2023, USD Million
- TABLE 66 Canada Industry 5.0 Market by End Use, 2024 - 2031, USD Million
- TABLE 67 Canada Industry 5.0 Market by Technology, 2020 - 2023, USD Million
- TABLE 68 Canada Industry 5.0 Market by Technology, 2024 - 2031, USD Million
- TABLE 69 Mexico Industry 5.0 Market, 2020 - 2023, USD Million
- TABLE 70 Mexico Industry 5.0 Market, 2024 - 2031, USD Million
- TABLE 71 Mexico Industry 5.0 Market by Component, 2020 - 2023, USD Million
- TABLE 72 Mexico Industry 5.0 Market by Component, 2024 - 2031, USD Million
- TABLE 73 Mexico Industry 5.0 Market by End Use, 2020 - 2023, USD Million
- TABLE 74 Mexico Industry 5.0 Market by End Use, 2024 - 2031, USD Million
- TABLE 75 Mexico Industry 5.0 Market by Technology, 2020 - 2023, USD Million
- TABLE 76 Mexico Industry 5.0 Market by Technology, 2024 - 2031, USD Million
- TABLE 77 Rest of North America Industry 5.0 Market, 2020 - 2023, USD Million
- TABLE 78 Rest of North America Industry 5.0 Market, 2024 - 2031, USD Million
- TABLE 79 Rest of North America Industry 5.0 Market by Component, 2020 - 2023, USD Million
- TABLE 80 Rest of North America Industry 5.0 Market by Component, 2024 - 2031, USD Million
- TABLE 81 Rest of North America Industry 5.0 Market by End Use, 2020 - 2023, USD Million
- TABLE 82 Rest of North America Industry 5.0 Market by End Use, 2024 - 2031, USD Million
- TABLE 83 Rest of North America Industry 5.0 Market by Technology, 2020 - 2023, USD Million
- TABLE 84 Rest of North America Industry 5.0 Market by Technology, 2024 - 2031, USD Million
- TABLE 85 Key Information - ABB Ltd.
- TABLE 86 Key Information - Rockwell Automation, Inc.
- TABLE 87 Key Information - Siemens AG
- TABLE 88 Key Information - Hexagon AB
- TABLE 89 Key Information - Schneider Electric SE
- TABLE 90 Key Information - Cisco Systems, Inc.
- TABLE 91 Key Information - Kuka AG
- TABLE 92 Key Information - Google LLC
- TABLE 93 Key Information - Nokia Corporation
- TABLE 94 Key Information - SAP SE
LIST OF FIGURES
- FIG 1 Methodology for the research
- FIG 2 North America Industry 5.0 Market, 2020 - 2031, USD Million
- FIG 3 Key Factors Impacting Industry 5.0 Market
- FIG 4 KBV Cardinal Matrix
- FIG 5 Market Share Analysis, 2023
- FIG 6 Key Leading Strategies: Percentage Distribution (2020-2024)
- FIG 7 Porter's Five Forces Analysis - Industry 5.0 Market
- FIG 8 North America Industry 5.0 Market share by Component, 2023
- FIG 9 North America Industry 5.0 Market share by Component, 2031
- FIG 10 North America Industry 5.0 Market by Component, 2020 - 2031, USD Million
- FIG 11 North America Industry 5.0 Market share by End Use, 2023
- FIG 12 North America Industry 5.0 Market share by End Use, 2031
- FIG 13 North America Industry 5.0 Market by End Use, 2020 - 2031, USD Million
- FIG 14 North America Industry 5.0 Market share by Technology, 2023
- FIG 15 North America Industry 5.0 Market share by Technology, 2031
- FIG 16 North America Industry 5.0 Market by Technology, 2020 - 2031, USD Million
- FIG 17 North America Industry 5.0 Market share by Country, 2023
- FIG 18 North America Industry 5.0 Market share by Country, 2031
- FIG 19 North America Industry 5.0 Market by Country, 2020 - 2031, USD Million
- FIG 20 Recent strategies and developments: ABB ltd.
- FIG 21 SWOT Analysis: ABB ltd.
- FIG 22 SWOT Analysis: Rockwell Automation, Inc.
- FIG 23 Recent strategies and developments: Siemens AG
- FIG 24 SWOT Analysis: Siemens AG
- FIG 25 SWOT Analysis: Hexagon AB
- FIG 26 Recent strategies and developments: Schneider Electric SE
- FIG 27 SWOT Analysis: Schneider Electric SE
- FIG 28 SWOT Analysis: Cisco Systems, Inc.
- FIG 29 Swot Analysis: Kuka AG
- FIG 30 SWOT Analysis: Google LLC
- FIG 31 SWOT Analysis: Nokia Corporation
- FIG 32 SWOT Analysis: SAP SE
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