Industry 5.0 Market Increasing Demand, Growth Analysis and Future Outlook by 2031

Industry 5.0 market is anticipated to grow at a CAGR of 17.8% during the forecast period (2023-2030). Industry 5.0 focuses on the collaboration of advanced technologies such as Artificial Intelligence (AI)/Machine learning (ML), big data analytics, Internet of Things (IoT) with human intelligence. Considering growing stringent environmental regulations, industry 5.0 helps businesses focus on sustainable manufacturing processes and products and improves personalization and resilience. Apart from this, growing market competition, increasing demand for personalized products, technological advancements in AI/ML, IoT, and cloud computing, increasing investments in Industry 5.0 and growing government support are driving growth in this sector.

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Among the applications, the manufacturing sub-segment is expected to hold a considerable share in the global industry 5.0 market. Application of Industry 5.0 in manufacturing can allow the industry to improve operational efficiency by automation and real-time data analysis but also allow human presence to work alongside machinery to improve processes and provide personalization for customers. According to the World Manufacturing Report of 2022, the manufacturing industry plays an essential role in the economy, contributing to economic growth (representing 17% of global gross domestic product), boosting demand in other sectors, providing employment opportunities (directly employing 13% of workers), and representing a considerable share of global trade. However, the industry witnessed disruption due to factors such as the Russia-Ukraine warm Covid-19 eventually forcing companies and governments to focus on improving operational efficiency and sustainable manufacturing. For this, manufacturers are adopting industry 5.0 methodology to meet demands and stay competitive. Considering the significant contribution of this sector to the global economy, growing globalization, and consumer demand, increasing disposable income, and technological advancements, the manufacturing sector is expected to grow significantly.

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  • Market Coverage

  • Market number available for – 2024-2031

  • Base year- 2024

  • Forecast period- 2024-2031

  • Segment Covered- By Source, By Product Type, By Applications

  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill

  • , and others


Global Industry 5.0 Market Report Segment

By Technology

  • Artificial intelligence (AI)/Machine learning (ML)

  • Robotics

  • Internet of Things (IoT)

  • Big data analytics

  • Others (Digital twins, Edge computing, Quantum computing)


By Company Size

  • Small and medium-sized enterprises (SMEs)

  • Large enterprises


By Industry

  • Manufacturing

  • Healthcare

  • Energy

  • Retail

  • Automotive

  • Others (Government, Logistics, and supply chain)


Global Industry 5.0 Market Report Segment by Region

North America

  • United States

  • copyright


Europe

  • UK

  • Germany

  • Italy

  • Spain

  • France

  • Rest of Europe


Asia-Pacific

  • China

  • India

  • Japan

  • South Korea

  • Rest of Asia-Pacific


Rest of the World

  • Latin America

  • Middle East & Africa


The Report Covers

  • Market value data analysis of 2022 and forecast to 2030.

  • Annualized market revenues ($ million) for each market segment.

  • Country-wise analysis of major geographical regions.

  • Key companies operating in the global industry 5.0 market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

  • Analysis of market-entry and market expansion strategies.

  • Competitive strategies by identifying ‘who-stands-where’ in the market.


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