COMPANY INSIGHTS

Industry 4.0
Key Trends and Players

An exploration of the top companies within Industry 4.0

using exclusive data from Statista Company Insights
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 Content of this whitepaper

1. Overview Introduction

Industry 4.0, also known as The Fourth Industrial Revolution, is revolutionizing the
The state of industry 4.0 and areas of manufacturing process by utilizing digital technologies to produce high-quality goods at
impact reduced costs. While automation in manufacturing has been around since the early 1970s,
recent advances in digital technologies are rapidly expanding the scope of disruption.

2. 3D printing Companies are reaping significant benefits such as lower costs, improved efficiencies,
increased yield, mass customization, and new revenue and business models.
Trend overview and leading companies This whitepaper focuses on three key technologies playing a central part in Industry 4.0:
additive manufacturing (3D printing), robotics, and the Internet of Things (IoT). By examining

3. Robotics the leading companies within each field and how they leverage these technologies to
transform businesses, the whitepaper provides you with an overview of relevant market
players and a deeper understanding of the respective companies.
Trend overview and leading companies

4. Internet of Things (IoT)

Trend overview and leading companies

4
CHAPTER 01

Overview

• The state of Industry 4.0

• Global industrial production

• Areas of impact
 Digital manufacturing is rapidly reducing costs & improving quality
Overview (1/3)

Industry 4.0 or The Fourth Industrial Revolution, a term initially published by the added connectivity to previously unconnected products. Even though Industry 4.0 is
German government during the Hannover Trade Fair in 2011, is quite simply the a global concept and encompasses the same technologies, there are subtle
use of digital technologies in the manufacturing process to produce higher-quality differences in how it is viewed in countries around the world.
goods at reduced costs. Even though developments in electronics and information
In the U.S., for example, Industry 4.0 refers to a more holistic digital evolution with
technology led to the automation of manufacturing processes in as early as the
many companies using the term digital supply network and includes all aspects of
1960s, it is only the recent advances in digital technologies that are beginning to
the value chain such as partners, suppliers, customers, the workforce, and
extend the scope of disruption.
operations. In Europe, however, where the term Industry 4.0 originated, it
The last decade has witnessed rapid advancements in technologies such as the essentially revolves around the application of these technologies in the factory.
Internet of Things (IoT), artificial intelligence (AI), robotics, mobile, cloud computing,
Industry 4.0 also risks creating sharper inequalities between developing and
big data analytics, additive manufacturing (3D printing), and virtual and augmented
developed countries. Prior to the 19th century, a significant income disparity across
reality (VR/AR). These technologies, woven together by the massive proliferation of
countries did not exist. Today, according to estimates by the World Economic
big data and generated mostly by connected devices (IoT), are blurring the lines
Forum (WEF), the average gap in per-capita income between the developing and
between the physical, digital, and biological aspects of global production systems.
developed world is over US$40,000.
Companies are now experiencing major benefits in terms of lower costs, improved
efficiencies, increased yield, mass customization, and most importantly new
revenue and business models. For example, in addition to physical objects,
companies are now selling data and services, while technologies such as IoT have

Sources: World Economic Forum; Deloitte

 Global industrial production has increased 2.5% over the last decade
Overview (2/3)

Global industrial production in billion US$(1)

+2.5%(2)
21,400
20,300 20,600
19,600 19,700
18,500 18,900
18,200
17,100 17,600
16,600
15,800

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

7 Notes: (1) WBG member countries, seasonally adjusted figures (2) CAGR: Compound Annual Growth Rate / average growth rate per year, from 2012-2021

Sources: WorldBank
 Disruption in product design, supply chain, and customer experience
Overview (3/3)

Even though the digitization of the manufacturing process involves various system. Digital technologies simply bring down the various siloed processes in
technologies such as artificial intelligence, robotics, IoT, and others, with each one marketing, product development, manufacturing, and distribution to create a
of them contributing substantially, it is only their coming together that can create completely integrated and transparent ecosystem consisting of elements such as
new capabilities never witnessed before. More importantly, the application of these autonomous logistics and smart procurement and warehousing.
technologies is not limited only to manufacturing or the supply chain but extends
• Customer experience: Data gathered through intelligent products and services
to business operations and ultimately revenue growth. The three main areas where
can be used to get a deeper understanding of customers in various areas, such
these technologies are expected to have the maximum impact include:
as personalized direct selling and marketing strategies and prompt and efficient
• Design and manufacturing: The use of technologies such as augmented and post-sales support.
virtual reality and additive manufacturing have resulted in faster and more
efficient designs through rapid prototyping. Sensors and wearables have added
connectivity to previously unconnected products, resulting in new business and
revenue models such as monetization of data. Finally, machine learning and
robotics have made the assembly process more efficient by enabling robots to
put items together with surgical precision while the software fixes errors on a
real time basis.

• Supply chain: Probably the most important element in the Industry 4.0 vision is
the evolution of the traditional supply chain to a connected, smart, and agile

Sources: Deloitte; McKinsey; PwC; World Economic Forum

CHAPTER 02

3D printing
(additive manufacturing)
• Trend overview

• Leading companies

• Company deep dive

 3D printing revolutionizes manufacturing, boosting aerospace and defense
3D printing: Overview (1/2)

One of the primary requisites for making Industry 4.0 a reality is the emergence of
advanced techniques that can manufacture industrial products faster and more
precisely than traditional manufacturing processes. 3D printing is one such
technique that transforms a digital model of an object into a three-dimensional
physical item by adding printable materials, layer by layer, to its digital design. It
can be used to create complex geometrical patterns that are not possible with
traditional manufacturing methods, design and manufacture lighter components,
and assess various properties such as the density and stiffness of materials. This
technology has also gained popularity rapidly, as it involves less prototype
construction, fewer dies, and less post-processing.

The aerospace and defense industry is one that is experiencing large-scale use of
3D printing. Thales Group, a company based in France, started a global center of
expertise in additive manufacturing in Morocco in 2017. Boeing created its first 3D-
printed metal satellite antenna for the Israeli company Spacecom in 2019. Airbus
used the technology to manufacture the titanium 3D-printed bracket on an in-
series production A350 XWB commercial aircraft in 2017 and has since announced
plans to develop 3D-printed drones.

10

Sources: Sculpteo; Twi-global; Unido

 Additive manufacturing revenue is projected to surpass US$45 billion in 2026
3D printing: Overview (2/2)

Global additive manufacturing market in billion US$ Global unit shipments of 3D printers in millions

45

35
+21%(1)
29
+22%(1)

22
18
15
13
10
9
7 1
6
5
4

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2018 2027

11 Notes: (1) CAGR: Compound Annual Growth Rate / average growth rate per year

Sources: PwC; Strategy& as of 2020; Printedelectronicsnow as of 2020

 Top 8 companies within 3D printing by revenue
3D printing: Leading companies

Revenue in Number of
Rank Company name Location Industry
billion US$(1) employees(2)
Electric Motors, Generators,
1. General Electric Co Boston, MA, U.S. 76.6 172,000
Transformers, Electricity Distribution
Computers, Peripheral Equipment &
2. Hp Palo Alta, CA, U.S. 63.0 58,000
Software
3. Dai Nippon Printing Tokyo, Japan Printing & Related Services 12.8 36,542
4. Amkor Technology Tempe, AZ, U.S. Electronic Components & Boards 7.1 31,300
Motor Vehicle Bodies, Trailers & Semi-
5. Lookers Timperley, UK 5.1 n/a
Trailers
6. Autodesk San Francisco, CA, U.S. Computer Programming 5.0 13,700
Medical or Dental Instruments &
7. Dentsply Sirona Charlotte, NC, U.S. 3.9 15,000
Supplies

8. Cal-Comp Electronics Bangkok, Thailand Computers & Peripheral Equipment 3.3 n/a

12 Notes: (1) in 2022 (2) latest available number

Sources: Statista Company Insights 2023

 3D printing helped GE to cut costs of turbine production by 35%
3D printing: Company deep dive (1/2)

General Electric (GE) Revenue in billion US$

GE has invested over US$3 billion in 3D printing technologies and uses them in
many of its businesses, including jet engines, medical devices, and home appliance 121.6
parts. An example of their use is the company’s GEnx jet engine, which was -11%
manufactured using an advanced technique called direct metal laser melting. The
company has also launched a new business unit called GE Additive and acquired 95.2
majority stakes in 3D printing companies Concept Laser, Arcam, and Cobod
79.6
International. Moreover, the use of 3D printing to manufacture new gas turbine 74.2 76.6
engine parts in 2021 resulted in production cost savings of around 35%.

CEO EBIT Earnings

H. Lawrence US$2.45 billion US$-6.76 billion

Culp Jr. (2021) (2021)

2018 2019 2020 2021 2022

13 Notes: In scope because GE has developed / is developing their own 3D / additive manufacturing equipment and also uses 3D printing for their own manufacturing processes.

Sources: 3D Printing Media; 3D Castor; Statista Company Insights 2023

 HP's MJF technology enables faster and more cost-effective
production of functional parts
3D printing: Company deep dive (2/2)

HP Revenue in billion US$

HP has developed Multi Jet Fusion (MJF), a 3D printing technology that enables the +2%
faster and more cost-effective production of functional parts for a range of 63.5 63.0
applications. Using a unique voxel-based approach, MJF can print parts with a 58.5 58.8
56.6
combination of properties such as color, texture, and functionality, which makes it
ideal for producing high-quality functional parts and end-use products. Leading
companies in the aerospace, automotive, and medical industries use this
technology to develop and deploy their 3D printing solutions.

CEO EBIT Earnings

Enrique Lores US$ 7.78 billion US$ 6.5 billion

(2021) (2021)

2018 2019 2020 2021 2022

14 Notes: In scope because they develop(ed) technology and parts for 3D printing.

Sources: HP; Forbes; Statista Company Insights 2023

CHAPTER 03

Robotics

• Trend overview

• Leading companies

• Company deep dive

 Collaboration between humans and robots increase efficiency by 85%
Robotics: Overview (1/2)

The use of AI and robotics in manufacturing can be traced back to 1954, when Worldwide installations of industrial robots in thousands
George Devol patented a design for a programmable mechanical arm. This
development was commercialized in 1961 by U.S.-based entrepreneur Joseph
Engelberger who created Unimate, an awkward machine used in General Motors’ 517
New Jersey assembly line.

Since then, AI has advanced rapidly and now lies at the very core of Industry 4.0 423
+12%(2) 400
391 394
and the smart factory. In fact, according to a 2016 study by MIT(1), teams made of
humans and robots collaborating efficiently can be 85% more productive than
teams made of either humans or robots alone. This assumed greater importance 304
during the COVID-19 pandemic, which highlighted the need to create more resilient 254
supply chains and involve more humans in the manufacturing process. 221

166 178
Interestingly, developments in neural networks, more specifically deep learning, are 159
enabling robots to learn and adjust to novel situations without any human
intervention. AI has now automated many elements of the manufacturing process,
including some of those that require human cognitive capabilities. Based on human
ingenuity, learning, and adaptability, which cannot be replicated by machines,
human-robot collaborations are expected to be the future of manufacturing. 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

16 Notes: (1) Massachusetts Institute of Technology (2) CAGR: Compound Annual Growth Rate / average growth rate per year

Sources: IFR
 Self-learning robots are resulting in more autonomy
Robotics: Overview (2/2)

This self-learning ability of robots and the development of branches within AI such
as natural language processing (NLP), deep learning, and computer vision is already
playing a critical role in the smart factories being developed by many OEMs across
industries. Some of the use cases include:
• Autonomous manufacturing: Recognizing equipment and parts and determining
how each of them must be used without any human input.
• Error handling: Using pattern recognition to form best practices for error
handling. For example, an AI application spots a defect in a factory making
aircraft equipment and feeds that data into a cloud computer. This results in the
removal of defective parts and leads to huge savings in recalls and repairs.
• Learning database: Creating a database of all faulty manufacturing processes
and using the learning to optimize future tasks.
• Conversational technologies: Using NLP to create conversational technologies,
especially useful for fully autonomous cars.
• Drilling and fastening: Robot deployments in the form of automated drilling and
fastening machines in aerospace and defense.
• Sealing: Sealing applications in various industries where it is difficult for any
human to work in that environment.
Interestingly, robots are no longer delivering benefits only for large corporations
but are also being used for smaller businesses. A good example of this trend is
Skyline, a manufacturer of customized windows, which uses robots to automate
tasks such as cutting holes in metal and installing windows. This exemplifies how
inexpensive robots are becoming increasingly available to smaller companies and
are allowing individuals to start businesses in industries with large labor
requirements.
According to estimates by The International Federation of Robotics, the operational
inventory of industrial robots across industries crossed the four million mark in
2022. This expected increase has resulted in fear-mongering and media hype on
the potential loss of jobs to robots. However, this is not likely to occur in the case of
automation. Automation has the potential to generate significant improvements in
a country’s GDP and also create more skilled jobs with higher pay.

17

Sources: Control Engineering Europe; Forbes; The International Federation of Robotics; MIT Technology Review; Mckinsey
 Top 8 companies within robotics by revenue
Robotics: Leading companies

Revenue in
Rank Company name Location Industry Employees(2)
billion US$(1)
1. Boeing Arlington, VA, U.S. Air & Spacecraft Machinery 66.6 156,000

2. Softbank Tokyo, Japan Telecommunications 54.3 49,581

3. Denso Kariya, Japan Motor Vehicle Parts & Accessories 52.6 167,950

4. Mitsubishi Electric Tokyo, Japan Electrical Equipment 42.7 145,696

Electric Motors, Generators,
5. ABB Zurich, Switzerland 29.5 105,100
Transformers, Electricity Distribution
Kawasaki Heavy Engines & Turbines, Except Aircraft,
6. Kobe, Japan 14.3 36,587
Industries Vehicles, or Cycle Engines
7. Seiko Epson Suwa, Japan Computers & Peripheral Equipment 10.8 77,642
Zimmer Biomet Medical or Dental Instruments &
8. Warsaw, IN, U.S. 6.9 18,000
Holdings Supplies

18 Notes: (1) In 2022 (2) Latest available number

Sources: Statista Company Insights 2023

 Robots and automation streamline aircraft production
Robotics: Company deep dive (1/2)

Boeing Revenue in billion US$

The company uses robots manufactured by KUKA, a German manufacturer that

develops robots for drilling, riveting, polishing, welding, and fuselage assembly in 101.1
the aerospace industry. The robots work together, one inside the fuselage and one -10%
outside, to drill and countersink holes, insert fasteners, finish riveting, and apply
spray paint. KUKA also developed an automated manufacturing process called
76.6
Fuselage Automated Upright Build (FAUB), which allows the fuselage of the aircraft
66.6
to remain upright throughout the process with the robots working at all angles; this 62.3
was not possible with only human labor. 58.2

CEO EBIT Earnings

David L. US$-2.55 billion US$-4.20 billion

Calhoun (2021) (2021)

2018 2019 2020 2021 2022

19 Notes: In scope because robotics is integral for their manufacturing processes. They also manufacture their own robotics technology.

Sources: Bloomberg; Techcrunch; Statista Company Insights 2023

 ABB’s smart solutions enhance industrial productivity and safety
Robotics: Company deep dive (2/2)

Abb Revenue in billion US$

Embracing the concept of predictive maintenance, the power and robotics

+2%
company ABB has a smart platform (ABB Ability) that uses connected sensors to 29.4
28.9
monitor the maintenance needs of its robots and repair them before they stop 27.7 28.0
26.1
working. Moreover, its dual-arm robot YuMi (short for You and Me) is designed to
work alongside humans, and its sensitive force-control feedback and flexible
software allows programming through teaching as opposed to coding.

CEO EBIT Earnings

Björn US$5.76 billion US$4.55 billion

Rosengren (2021) (2021)

2018 2019 2020 2021 2022

20 Notes: In scope because ABB developed (automation) solutions for the robotics industry / for robotics. They are a robotics and machine automation suppliers.

Sources: Bloomberg; Techcrunch; Statista Company Insights 2023

CHAPTER 04

Internet of Things (IoT)

• Trend overview

• Leading companies

• Company deep dive

 The Internet of Things connects previously separated technologies
Internet of Things: Overview (1/2)

When Kevin Ashton coined the term Internet of Things (IoT) in 1999, he ushered in Global IoT manufacturing spending in 2020
a new era in computational technology. Computers no longer needed to be 57%
programmed for each use case but could simply feed off the information being
given out by devices connected to each other through the internet. The use of this
technology gained momentum in the manufacturing industry and set the stage for
the next industrial revolution known as the Industrial Internet of Things (IIoT).

Recent advances in connected devices through smart sensors that result in the real-
time exchange of data are probably the most important cog in the digitalization of
manufacturing. This is mainly because these sensors that connect various devices
across the value chain are responsible for the convergence of previously 22%
standalone production technologies.

According to a 2020 survey of mainly North American respondents conducted by 12%

Plataine, a provider of optimization solutions based on IoT and AI, the
manufacturing industry’s IoT adoption had tripled compared to 2018. Moreover, 5% 4%
66% of respondents also stated that they found IIoT to be one of the key 0% 0%
technologies for the future of their company’s success and profitability. Field Construction Robots Oil/gas well Mining RFID tag Asset
devices vehicles sensor equipment reader tracking
subsystem

22

Sources: N/ASSCOM (India); MIT; Schneider Electric; Wall Street Journal; Plataine
 Global IoT connected devices to surpass 75 billion by 2025
Internet of Things: Overview (2/2)

Even though the IoT is often presented as a novel technology, sensors have been in • Asset performance management: Wireless sensors, cloud connectivity, and data
use for over 15 years. It is only the recent drop in their prices, enhanced computing analytics will result in a more efficient real-time flow of information on the
power, advances in data connectivity in the cloud, and machine-to-machine working of connected machines and lead to accurate predictions of machine
communication that has stimulated their use in smart factories. Sensors fitted on breakdowns and thus aid predictive maintenance.
equipment provide accurate and timely information on each machine’s functions,
• Augmented operators: Even though there has been speculation on machines
thereby enabling managers to track metrics such as temperature and vibration.
making humans redundant in the smart factory, future employees are expected
According to the World Economic Forum (WEF), IoT investment in production
to make use of IoT technologies to instead assume specialized roles, thereby
doubled from US$35 billion in 2016 to US$71 billion by the end of 2020, with three
making the manufacturing plants more user-centric and less machine-centric.
key functions driving investments: asset tracking, condition-based maintenance,
and robotics processing. In today’s production scenario, IoT systems have three key
uses:

• Smart enterprise control: IoT allows smart connected machines and connected
manufacturing components to be linked to a central computing system, which
results in efficient production and lower costs. However, since this process
requires an overhaul of the IT and operations technology systems, its large-scale
implementation is expected to only occur in the medium to long term.

23

Sources: MIT; Schneider Electric; Wall Street Journal

 Top 8 companies within IoT by revenue
Internet of Things: Leading companies

Revenue in
Rank Company name Location Industry Employees(2)
billion US$(1)

1. Robert Bosch GmbH Gerlingen, Germany Head Office Activities 87.2 402,614

2. Siemens Ag Munich, Germany Electrical Equipment 79.7 311,000

3. Intel Corp. Santa Clara, CA, U.S. Electronic Components & Boards 63.1 131,900

Computers, Peripheral Equipment &

4. Cisco Systems San José, CA, U.S. 51.6 83,300
Software
Honeywell
5. Charlotte, NC, U.S. Motor Vehicle Parts & Accessories 35.5 97,000
International
6. Sap Walldorf, Germany Computer Programming 34.2 111,961

7. Schneider Electric Rueil-Malmaison, FR Other Services 32.0 147,468

8. Jabil St. Petersburg, FL, U.S. Electronic Components & Boards 33.5 250,000

24 Notes: (1) in 2022 (2) Latest available number

Sources Statista Company Insights 2023

 Intel offers advanced IoT solutions for data collection and analysis
Internet of Things: Company deep dive (1/2)

Intel Corp. Revenue in billion US$

As a leading provider of IoT solutions, Intel offers cutting-edge hardware and

-3%
software components that enable businesses to connect, collect, process, and
analyze data from a variety of sources. Intel's IoT solutions feature advanced 77.9 79.0
microprocessors, memory and storage technologies, and connectivity solutions 70.8 72.0
that provide organizations with high-performance computing capabilities and
63.1
advanced security features. Intel drives innovation through its partnerships with
companies in industries such as healthcare, transportation, and smart cities.

CEO EBIT Earnings

Patrick US$19.71 billion US$19.87 billion

Gelsinger (2021) (2021)

2018 2019 2020 2021 2022

25 Notes: In scope because they offer IoT solutions as a product.

Sources: Intel; Statista Company Insights 2023

 Cisco’s technologies help businesses create intelligent, connected systems
Internet of Things: Company deep dive (2/2)

Cisco Systems Revenue in billion US$

Cisco provides a range of networking and communications solutions, including IoT +1%
technologies. The company's IoT solutions enable businesses to connect and 51.9 51.6
manage devices, exchange and control data, and simplify asset and facility 49.3 49.3 49.8
monitoring, among others. Cisco's IoT technologies comprise sensors, gateways,
and analytics capabilities, with which organizations can create intelligent, connected
systems. Leading companies such as Unilin Group and Nissan Motors have
implemented Cisco's IoT technology for production optimization and operational
efficiency.

CEO EBIT Earnings

Charles Robbins US$12.57 billion US$10.59 billion

(2021) (2021)

2018 2019 2020 2021 2022

26 Notes: In scope because they offer IoT solutions as a product.

Sources: Cisco; Statista Company Insights 2023

 How we conducted research with our Company Insights
Step-by-step explanation of product features

Screening the top companies

In our tool of over 70 million companies, you can narrow down your
search with various filter options, including trending fields. We filtered for
companies within “3D Printing”, “Robotics”, and “Internet of Things”.

Finding detailed business metrics

In-depth information on the leading companies was obtained in our

comprehensive company profiles, which contain key company
metrics and 20+ financial KPIs for publicly listed companies.

Use of ready-made data tables

Our ready-made data tables display the top companies in an industry,

region, country, or trending field and can be downloaded as Excel files.

27

Sources: Statista Company Insights, as of April 2023

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