サイバーフィジカルシステム(CPS)市場 – 2029年までの世界予測

Cyber-physical Systems Market - Global Forecast to 2029

サイバーフィジカルシステム(CPS)市場 - エッジコンピューティング、データ処理と分析、センサー、アクチュエーター、ICS、IIoT、デジタル ツイン、高度道路交通システム、スマートグリッド、スマートビルディング、スマート農業、ロボティクス、フレームワーク - 2029年までの世界予測
Cyber-Physical Systems (CPS) Market by Edge Computing, Data Processing & Analytics, Sensor, Actuator, ICS, IIoT, Digital Twin, Intelligent Transportation System, Smart Grid, Smart Building, Smart Agriculture, Robotics, Framework - Global Forecast to 2029

商品番号 : SMB-66761

出版社MarketsandMarkets
出版年月2024年10月
ページ数299
図表数280
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The global cyber-physical systems market is expected to be valued at USD 124.1 billion in 2024 and is projected to reach USD 255.3 billion by 2029; it is expected to grow at a CAGR of 15.5% from 2024 to 2029.

世界のサイバーフィジカルシステム(CPS)市場は、2024 年に 1,241 億米ドルに達すると予想され、2029 年までに 2,553 億米ドルに達すると予測されています。 2024 年から 2029 年にかけて 15.5% の CAGR で成長すると予想されています。

The cyber-physical systems market is predominantly driven by smart infrastructure development that involves innovative technologies to develop an environment that is more intelligent, eco-friendly, and adaptable. This development includes different structures such as smart grids, intelligent transport systems, and smart buildings that all use CPS (Cyber-Physical Systems) technology. Additionally, smart infrastructure incorporates sensors, Internet of Things (IoT) devices, and automation systems into physical facilities for real-time monitoring, predicting potential faults before they occur, and data-driven decision-making to minimize energy consumption costs and improve user experiences.

サイバーフィジカルシステム(CPS)市場 - 2029年までの世界予測
Cyber-physical Systems Market – Global Forecast to 2029

“IIoT segment holds for the largest share in the cyber-physical systems market”

The IIoT in cyber-physical systems have the highest share of the overall market due to its capability to bring about core changes to industries in which it works. This is done through an effective and efficient integration of physical machinery, and equipment with advanced digital systems, and emerging technologies. IIoT becomes a powerful enabler for seamless data exchange among various devices and systems allowing for real-time monitoring of operations, predictive maintenance that enables one to foresee possible future issues in good time, and better decision-making brought about by higher levels of agility and responsiveness. Consequently, due to such sophisticated integrations there are huge gains on operational efficiency for industries, large cost reductions and finally, this leads to high levels of productivity favorably impacting the bottom line. As part of mainstream implementations rising need for better automation and smarter manufacturing solutions with higher order that require highest levels of IIoT adoption indeed can be observed in all critical industries: manufacturing, energy production and transportation.

サイバーフィジカルシステム(CPS)市場 - 2029年までの世界予測
Cyber-physical Systems Market – ecosystem

“Digital twin segment to account for the highest growth rate in the cyber-physical systems market.”

The potential growth rate of the digital twin segment in cyber-physical systems (CPS) market is due to its ability to change predictive analysis, simulation and real-time monitoring. With this, digital twins emulate physical assets, processes or systems so that businesses can monitor and improve the performance in real time without disturbing the physical system itself. The demand for intelligent production coupled with advancements of new artificial intelligence (AI), Internet of Things (IoT), and data analytical platforms have made digital twins the tools of choice. Because various industries want to boost productivity while reducing downtime and use simulation-based models to create innovation, they have become the most important factors contributing to fast growth in CPS industry.

“Based on vertical, the manufacturing to hold second largest share the cyber-physical systems market”

The manufacturing vertical in CPS market holds the second largest share owing to the adaptation of automation, smart technologies and digital transformation initiatives. For instance, manufacturing relies heavily on CPS technologies such as Industrial Internet of Things (IIoT), Industrial Control Systems (ICS) and digital twins to optimize production processes, increase quality control efforts and minimize operational costs. These technologies realize instant tracking, predicted upkeep, and smooth relationships amidst real and abstract systems, thus enhancing the capacity and competitiveness of the sector internationally. In addition, the implementation of CPS in production is increasingly fastened by the quest for industry 4.0 to create advanced factories that are efficient, adaptable and responsive to market trends. Therefore, manufacturing has become a dominant sector through the generalized usage of CPS technologies.

“North America holds a large share in the cyber-physical systems market.”

North America region held largest share of cyber-physical systems market in 2023, due to advanced technological infrastructure and higher adoption of state-of-the-art technologies along with significant investment in R&D. Furthermore, this region is focusing on thorough Industry 4.0, smart infrastructure, and digital transformation, which is complimenting the growth of automation solutions supporting CPS market. The region has presence of significant players such as Honeywell International Inc. (US), Rockwell Automation (US) and General Electric Company (US) among others. Such companies are continuously developing robotics and automation technologies with AI and IoT integration, supporting the growth of the cyber-physical systems market.

サイバーフィジカルシステム(CPS)市場 - 2029年までの世界予測
Cyber-physical Systems Market – region

The study contains insights from various industry experts, from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:

  • By Company Type: Tier 1 – 26%, Tier 2 – 32%, and Tier 3 – 42%
  • By Designation: C-level Executives – 40%, Directors – 30%, and Others – 30%
  • By Region: North America – 35%, Europe – 30%, Asia Pacific – 25%, and RoW – 10%

The key players operating in the cyber-physical systems market are ABB (Switzerland), Honeywell International Inc. (US), Rockwell Automation (US), Schneider Electric (France), and Siemens (Germany) among others.

Research Coverage:

The research reports the Cyber-Physical Systems Market, by Type, (Industrial Management [Field Operational Technology, ICS (Industrial Control Systems), IIoT, Digital Twin], Smart Operations [Smart Buildings, Intelligent Transportation Systems (ITS), Smart Grids, and Smart Agriculture], Robotics), By Vertical (Manufacturing, Healthcare, Agriculture, Automotive & Transportation, Aerospace, Energy, and Infrastructure (Smart Cities), Oil & Gas) and Region (North America, Europe, Asia Pacific, and Rest of the world (RoW)). The report’s scope covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the cyber-physical systems market. A thorough analysis of the key industry players has been done to provide insights into their business overviews, products, key strategies, Contracts, partnerships, and agreements. New product launches, mergers and acquisitions, and recent developments related to the cyber-physical systems market have been covered thoroughly in the report. This report covers a competitive analysis of upcoming cyber-physical systems market ecosystem startups.

Reasons to buy this report

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall authentication and brand protection market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (Evolution in operational technology, Smart Infrastructure Development, Growing Use of Digital Twin Technology, Healthcare and Personalized Medicine, Advancements in Automotive and Transportation), restraints (High Implementation Costs, Complexity of integration coupled with the lack of availability of skilled operators), opportunities (Integration of CPS and Internet of Things (IoT), Smart Energy Management with CPS, Emerging Smart Agriculture Technologies), and challenges (Need of Different Protection Tools from IT Systems, Growing Security Risks) influencing the growth of the cyber-physical systems market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the cyber-physical systems market
  • Market Development: Comprehensive information about lucrative markets – the report analyses the cyber-physical systems market across varied regions.
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the cyber-physical systems market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like ABB (Switzerland), Honeywell International Inc. (US), Rockwell Automation (US), Schneider Electric (France), and Siemens (Germany) among others in the cyber-physical systems market

Table of Contents

1            INTRODUCTION            26

1.1         STUDY OBJECTIVES      26

1.2         MARKET DEFINITION   26

1.3         STUDY SCOPE  27

1.3.1      MARKETS COVERED AND REGIONAL SCOPE     27

1.3.2      INCLUSIONS AND EXCLUSIONS 28

1.3.3      YEARS CONSIDERED     28

1.4         CURRENCY CONSIDERED          28

1.5         LIMITATIONS   29

1.6         STAKEHOLDERS            29

2            RESEARCH METHODOLOGY     30

2.1         RESEARCH APPROACH 30

2.1.1      SECONDARY AND PRIMARY RESEARCH 31

2.1.2      SECONDARY DATA       32

2.1.2.1   List of key secondary sources           32

2.1.2.2   Key data from secondary sources     32

2.1.3      PRIMARY DATA 33

2.1.3.1   List of primary interview participants             33

2.1.3.2   Breakdown of primaries     33

2.1.3.3   Key data from primary sources         34

2.1.3.4   Key industry insights          35

2.2         MARKET SIZE ESTIMATION METHODOLOGY    35

2.2.1      BOTTOM-UP APPROACH           36

2.2.1.1   Approach to arrive at market size using bottom-up analysis

(demand side)     36

2.2.2      TOP-DOWN APPROACH             37

2.2.2.1   Approach to arrive at market size using top-down analysis

(supply side)        37

2.3         MARKET BREAKDOWN AND DATA TRIANGULATION    39

2.4         RESEARCH ASSUMPTIONS         40

2.5         RESEARCH LIMITATIONS           40

2.6         RISK ANALYSIS 41

3            EXECUTIVE SUMMARY 42

4            PREMIUM INSIGHTS      47

4.1         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN CYBER-PHYSICAL SYSTEMS MARKET         47

4.2         CYBER-PHYSICAL SYSTEMS MARKET IN NORTH AMERICA,

BY TECHNOLOGY AND COUNTRY         48

4.3         CYBER-PHYSICAL SYSTEMS MARKET, BY TECHNOLOGY TYPE  48

4.4         CYBER-PHYSICAL SYSTEMS MARKET, BY REGION           49

5            MARKET OVERVIEW     50

5.1         INTRODUCTION            50

5.2         MARKET DYNAMICS     50

5.2.1      DRIVERS            51

5.2.1.1   Rapid advances in operational technology      51

5.2.1.2   Increasing implementation of smart infrastructure projects        52

5.2.1.3   Rising deployment of digital twin technology 52

5.2.1.4   Burgeoning demand for personalized medicines          52

5.2.1.5   Increasing development of intelligent transportation systems     53

5.2.2      RESTRAINTS     53

5.2.2.1   High implementation costs 54

5.2.2.2   Shortage of skilled operators            54

5.2.3      OPPORTUNITIES           55

5.2.3.1   Integration of CPS with IoT technology for advanced applications           55

5.2.3.2   Rising emphasis on energy efficiency             56

5.2.3.3   Growing preference for precision farming techniques  56

5.2.4      CHALLENGES   57

5.2.4.1   Challenges associated with developing specialized protection tools          57

5.2.4.2   Growing security risks        58

5.3         VALUE CHAIN ANALYSIS            58

5.4         ECOSYSTEM ANALYSIS 60

5.5         INVESTMENT AND FUNDING SCENARIO            61

5.6         TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS       62

5.7         PRICING ANALYSIS        63

5.7.1      AVERAGE SELLING PRICE TREND OF DIGITAL TWIN, BY KEY PLAYER              63

5.7.2      AVERAGE SELLING PRICE TREND, BY REGION  65

5.8         TECHNOLOGY ANALYSIS           66

5.8.1      KEY TECHNOLOGIES    66

5.8.1.1   Sensors and actuators        66

5.8.1.2   Embedded systems            66

5.8.1.3   Real-time operating systems (RTOS)            66

5.8.1.4   Control systems   66

5.8.1.5   Cybersecurity      67

5.8.1.6   Artificial intelligence (AI) and machine learning (ML) 67

5.8.2      COMPLEMENTARY TECHNOLOGIES     67

5.8.2.1   Internet of Things (IoT)    67

5.8.2.2   Augmented reality (AR) and virtual reality (VR)          67

5.8.2.3   Edge computing   68

5.8.3      ADJACENT TECHNOLOGIES      68

5.8.3.1   Blockchain and distributed ledger technology (DLT)  68

5.9         IMPACT OF GEN AI/AI ON CYBER-PHYSICAL SYSTEMS MARKET 69

5.9.1      INTRODUCTION            69

5.9.2      ADVANCEMENTS IN CYBER-PHYSICAL SYSTEMS DUE TO AI       71

5.9.2.1   Operational technology     71

5.9.2.2   Industrial control systems (ICS)       71

5.9.2.3   IIoT       71

5.9.2.4   Digital twin          71

5.9.2.5   Smart buildings    72

5.9.2.6   Intelligent transportation systems (ITS)        72

5.9.2.7   Smart grids          72

5.9.2.8   Smart agriculture 72

5.9.2.9   Robotics 72

5.9.3      CASE STUDIES  73

5.10       PORTER’S FIVE FORCES ANALYSIS         73

5.10.1    INTENSITY OF COMPETITIVE RIVALRY 75

5.10.2    BARGAINING POWER OF SUPPLIERS     75

5.10.3    BARGAINING POWER OF BUYERS           75

5.10.4    THREAT OF NEW ENTRANTS    75

5.10.5    THREAT OF SUBSTITUTES         75

5.11       KEY STAKEHOLDERS AND BUYING CRITERIA    76

5.11.1    KEY STAKEHOLDERS IN BUYING PROCESS         76

5.11.2    BUYING CRITERIA         77

5.12       CASE STUDY ANALYSIS 78

5.12.1    METROPOLITAN AIRPORTS COMMISSION ADOPTS HONEYWELL’S NIAGARA FRAMEWORK TO IMPROVE OPERATIONAL EFFICIENCY         78

5.12.2    ARB MIDSTREAM DEPLOYS SCADA GRAPHICS AND IGNITION TEMPLATES TO ENABLE OPERATIONAL READINESS OF CRUDE OIL PIPELINE              78

5.12.3    INDIAN PUBLIC TRANSPORTATION SYSTEM IMPLEMENTS INTELLIGENT TRANSPORTATION SYSTEM TO OPTIMIZE OPERATIONS              78

5.12.4    EQUS PARTNERS WITH SCHNEIDER ELECTRIC TO IMPLEMENT SMART SOLUTION FEATURING ADVANCED METERING INFRASTRUCTURE TO IMPROVE GRID RELIABILITY     78

5.13       TRADE ANALYSIS          79

5.13.1    IMPORT SCENARIO (HS CODE 847950)  79

5.13.2    EXPORT SCENARIO (HS CODE 847950)  80

5.13.3    IMPORT SCENARIO (HS CODE 902690)  81

5.13.4    EXPORT SCENARIO (HS CODE 902690)  82

5.13.5    IMPORT SCENARIO (HS CODE 903289)  83

5.13.6    EXPORT SCENARIO (HS CODE 903289)  84

5.14       TARIFF AND REGULATORY LANDSCAPE            84

5.14.1    TARIFF ANALYSIS          84

5.14.2    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          86

5.14.3    REGULATIONS 89

5.14.4    STANDARDS     89

5.15       PATENT ANALYSIS        90

5.16       KEY CONFERENCES AND EVENTS, 2024–2025     93

6            FRAMEWORKS OF CYBER-PHYSICAL SYSTEMS  95

6.1         INTRODUCTION            95

6.2         PERCEPTION LAYER     95

6.3         DATA TRANSMISSION & MANAGEMENT LAYER 96

6.4         APPLICATION LAYER    96

7            COMPONENTS OF CYBER-PHYSICAL SYSTEMS 98

7.1         INTRODUCTION            98

7.2         HARDWARE      98

7.3         SOFTWARE       98

7.4         SERVICES          99

8            CYBER AND PHYSICAL SYSTEMS            100

8.1         INTRODUCTION            100

8.2         CYBER SYSTEMS            100

8.2.1      EDGE COMPUTING       100

8.2.2      DATA PROCESSING & ANALYTICS          101

8.2.3      NETWORKING  101

8.2.4      SECURITY          101

8.3         PHYSICAL SYSTEMS      102

8.3.1      SENSORS           102

8.3.2      ACTUATORS     102

8.3.3      DIGITAL & ANALOG DEVICES   102

8.3.4      ENERGY SOURCES         102

8.3.5      COMMUNICATION INTERFACE 103

8.3.6      DATA STORAGE DEVICES          103

9            CYBER-PHYSICAL SYSTEMS MARKET, BY TYPE  104

9.1         INTRODUCTION            105

9.2         OPEN-LOOP     106

9.2.1      SIMPLE DESIGN AND COST-EFFECTIVENESS TO CONTRIBUTE TO SEGMENTAL GROWTH 106

9.3         CLOSED-LOOP 106

9.3.1      REQUIREMENT FOR REAL-TIME FEEDBACK IN COMPLEX ENVIRONMENTS TO FUEL SEGMENTAL GROWTH         106

10          CYBER-PHYSICAL SYSTEMS MARKET, BY TECHNOLOGY             107

10.1       INTRODUCTION            108

10.2       INDUSTRIAL MANAGEMENT     109

10.2.1    OPERATIONAL TECHNOLOGY 111

10.2.1.1 Mounting demand from process industries to drive market        111

10.2.2    INDUSTRIAL CONTROL SYSTEMS          112

10.2.2.1 Increasing complexity of industrial operations to boost segmental growth 112

10.2.3    IIOT      114

10.2.3.1 Growing adoption of Industry 4.0 practices to augment segmental growth              114

10.2.4    DIGITAL TWIN 116

10.2.4.1 Increasing use in industries to optimize maintenance schedules to fuel segmental growth   116

10.3       SMART OPERATIONS    118

10.3.1    SMART BUILDINGS        120

10.3.1.1 Burgeoning demand for energy-efficient solutions to accelerate segmental growth              120

10.3.2    INTELLIGENT TRANSPORTATION SYSTEMS      121

10.3.2.1 Rising emphasis on optimizing traffic flow to foster segmental growth     121

10.3.3    SMART GRIDS   123

10.3.3.1 Software 125

10.3.3.1.1            Advanced metering infrastructure    126

10.3.3.1.1.1         Rising focus on reducing carbon footprints to boost segmental growth              126

10.3.3.1.2            Smart grid distribution management              127

10.3.3.1.2.1         Growing establishment of distributed renewable power generation plants to drive market    127

10.3.3.1.3            Smart grid network management     127

10.3.3.1.3.1         Ability to provide IP-based communication networks to fuel segmental growth   127

10.3.3.1.4            Grid asset management     127

10.3.3.1.4.1         Increasing need to store real-time data for continuous data monitoring to boost segmental growth 127

10.3.3.1.5            Substation automation       128

10.3.3.1.5.1         Rising focus on preventing blackouts to fuel segmental growth   128

10.3.3.1.6            Smart grid security             128

10.3.3.1.6.1         Increasing instances of cyber-attacks to contribute to segmental growth              128

10.3.3.1.7            Billing & customer information        128

10.3.3.1.7.1         Need for customer relationship management to accelerate segmental growth   128

10.3.3.2 Hardware            129

10.3.3.2.1            Sensors  130

10.3.3.2.1.1         Integration with advanced intelligence for autonomous task execution to expedite segmental growth 130

10.3.3.2.2            Networking          130

10.3.3.2.2.1         Emphasis on enhancing communication to augment segmental growth              130

10.3.3.3 SERVICES          130

10.3.3.3.1            Increasing focus on operational efficiency to boost segmental growth              130

10.3.4    SMART AGRICULTURE 130

10.3.4.1 Need for sustainable farming practices to contribute to segmental growth              130

10.4       ROBOTICS         132

10.4.1    RISING INTEGRATION OF ROBOTS IN INDUSTRIES TO PERFORM PRECISE OPERATIONS TO FOSTER SEGMENTAL GROWTH        132

11          CYBER-PHYSICAL SYSTEMS MARKET, BY VERTICAL       134

11.1       INTRODUCTION            135

11.2       MANUFACTURING        136

11.2.1    INCREASING ADOPTION OF INDUSTRY 4.0 TECHNOLOGIES TO BOOST SEGMENTAL GROWTH 136

11.3       HEALTHCARE  138

11.3.1    RISING EMPHASIS ON SUPPORTING PRECISE MEDICAL INTERVENTIONS TO AUGMENT SEGMENTAL GROWTH             138

11.4       AGRICULTURE 140

11.4.1    GROWING NEED FOR SUSTAINABLE FARMING PRACTICES TO DRIVE MARKET            140

11.5       AUTOMOTIVE & TRANSPORTATION     142

11.5.1    RAPID ADVANCES IN AUTONOMOUS DRIVING TECHNOLOGIES TO BOOST SEGMENTAL GROWTH 142

11.6       AEROSPACE      144

11.6.1    INCREASING FOCUS ON DESIGN IMPROVEMENT AND OPERATIONAL EFFICIENCY TO AUGMENT SEGMENTAL GROWTH        144

11.7       ENERGY             147

11.7.1    GROWING DEMAND FOR REAL-TIME MONITORING SYSTEMS TO REVOLUTIONIZE GRID OPERATIONS TO DRIVE MARKET           147

11.8       INFRASTRUCTURE        149

11.8.1    INCREASING FOCUS ON SMART CITY DEVELOPMENT OF FOSTER SEGMENTAL GROWTH 149

11.9       OIL & GAS          151

11.9.1    RISING NEED TO PREVENT DOWNTIME AND MINIMIZE ENVIRONMENTAL IMPACTS TO ACCELERATE SEGMENTAL GROWTH  151

12          CYBER-PHYSICAL SYSTEMS MARKET, BY REGION           153

12.1       INTRODUCTION            154

12.2       NORTH AMERICA          155

12.2.1    MACROECONOMIC OUTLOOK FOR NORTH AMERICA   159

12.2.2    US         159

12.2.2.1 Rapid digitalization and industrial automation to augment market growth              159

12.2.3    CANADA            160

12.2.3.1 Increasing support for emerging technologies to boost market growth      160

12.2.4    MEXICO             160

12.2.4.1 Rising emphasis on smart manufacturing to foster market growth            160

12.3       EUROPE             161

12.3.1    MACROECONOMIC OUTLOOK FOR EUROPE     164

12.3.2    GERMANY         165

12.3.2.1 Increasing investment in digital technologies and smart factory solutions to fuel market growth     165

12.3.3    UK         165

12.3.3.1 Growing focus on advancing energy infrastructure to contribute to market growth              165

12.3.4    FRANCE             166

12.3.4.1 Rising emphasis on sustainable development and energy efficiency to accelerate market growth     166

12.3.5    REST OF EUROPE           166

12.4       ASIA PACIFIC    167

12.4.1    MACROECONOMIC OUTLOOK FOR ASIA PACIFIC          170

12.4.2    CHINA  171

12.4.2.1 Increasing focus on optimizing energy distribution and improving power grid reliability to drive market   171

12.4.3    JAPAN  171

12.4.3.1 Growing emphasis on addressing cyber risks to contribute to market growth              171

12.4.4    SOUTH KOREA 172

12.4.4.1 Rising integration of advanced technologies for smart city development to bolster segmental growth 172

12.4.5    INDIA   172

12.4.5.1 Growing focus on digital transformation to contribute to market growth  172

12.4.6    REST OF ASIA PACIFIC  173

12.5       ROW     173

12.5.1    MACROECONOMIC OUTLOOK FOR ROW           176

12.5.2    MIDDLE EAST  176

12.5.2.1 Rising emphasis on technological advancement and sustainability to accelerate market growth     176

12.5.2.2 GCC countries     177

12.5.2.3 Rest of Middle East            177

12.5.3    AFRICA 177

12.5.3.1 Increasing modernization of energy distribution systems to boost market growth              177

12.5.4    SOUTH AMERICA           178

12.5.4.1 Rising deployment of advanced technologies for industrial automation to fuel market growth     178

13          COMPETITIVE LANDSCAPE       179

13.1       OVERVIEW        179

13.2       KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024     179

13.3       MARKET SHARE ANALYSIS, 2023             182

13.4       REVENUE ANALYSIS, 2019–2023 184

13.5       COMPANY VALUATION AND FINANCIAL METRICS        185

13.6       BRAND/PRODUCT COMPARISON          186

13.7       COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023   187

13.7.1    STARS  187

13.7.2    EMERGING LEADERS    187

13.7.3    PERVASIVE PLAYERS     187

13.7.4    PARTICIPANTS 187

13.7.5    COMPANY FOOTPRINT: KEY PLAYERS, 2023      189

13.7.5.1 Company footprint            189

13.7.5.2 Technology footprint         190

13.7.5.3 Vertical footprint 191

13.7.5.4 Region footprint  192

13.8       COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023          193

13.8.1    PROGRESSIVE COMPANIES       193

13.8.2    RESPONSIVE COMPANIES          193

13.8.3    DYNAMIC COMPANIES 194

13.8.4    STARTING BLOCKS       194

13.8.5    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023             195

13.8.5.1 Detailed list of key startups/SMEs   195

13.8.5.2 Competitive benchmarking of key startups/SMEs        196

13.9       COMPETITIVE SCENARIO          197

13.9.1    PRODUCT LAUNCHES  197

13.9.2    DEALS  202

13.9.3    EXPANSIONS    212

13.9.4    OTHERS             213

14          COMPANY PROFILES    214

14.1       KEY PLAYERS   214

14.1.1    ABB       214

14.1.1.1 Business overview 214

14.1.1.2 Products/Solutions/Services offered 216

14.1.1.3 Recent developments         217

14.1.1.3.1            Product launches 217

14.1.1.3.2            Deals     218

14.1.1.3.3            Expansions          220

14.1.1.4 MnM view           220

14.1.1.4.1            Key strengths/Right to win 220

14.1.1.4.2            Strategic choices  221

14.1.1.4.3            Weaknesses/Competitive threats     221

14.1.2    HONEYWELL INTERNATIONAL INC.      222

14.1.2.1 Business overview 222

14.1.2.2 Products/Solutions/Services offered 224

14.1.2.3 Recent developments         225

14.1.2.3.1            Product launches 225

14.1.2.3.2            Deals     227

14.1.2.4 MnM view           229

14.1.2.4.1            Key strengths/Right to win 229

14.1.2.4.2            Strategic choices  229

14.1.2.4.3            Weaknesses/Competitive threats     229

14.1.3    HITACHI, LTD. 230

14.1.3.1 Business overview 230

14.1.3.2 Products/Solutions/Services offered 232

14.1.3.3 Recent developments         232

14.1.3.3.1            Deals     232

14.1.3.4 MnM view           233

14.1.3.4.1            Key strengths/Right to win 233

14.1.3.4.2            Strategic choices  233

14.1.3.4.3            Weaknesses/Competitive threats     234

14.1.4    SCHNEIDER ELECTRIC 235

14.1.4.1 Business overview 235

14.1.4.2 Products/Solutions/Services offered 237

14.1.4.3 Recent developments         238

14.1.4.3.1            Product launches 238

14.1.4.3.2            Deals     238

14.1.4.4 MnM view           239

14.1.4.4.1            Key strengths/Right to win 239

14.1.4.4.2            Strategic choices  239

14.1.4.4.3            Weaknesses/Competitive threats     239

14.1.5    SIEMENS            240

14.1.5.1 Business overview 240

14.1.5.2 Products/Solutions/Services offered 242

14.1.5.3 Recent developments         243

14.1.5.3.1            Product launches 243

14.1.5.3.2            Deals     244

14.1.5.3.3            Others   245

14.1.5.4 MnM view           245

14.1.5.4.1            Key strengths/Right to win 245

14.1.5.4.2            Strategic choices  245

14.1.5.4.3            Weaknesses/Competitive threats     245

14.1.6    ROCKWELL AUTOMATION        246

14.1.6.1 Business overview 246

14.1.6.2 Products/Solutions/Services offered 248

14.1.6.3 Recent developments         249

14.1.6.3.1            Deals     249

14.1.7    CONTINENTAL AG        251

14.1.7.1 Business overview 251

14.1.7.2 Products/Solutions/Services offered 253

14.1.7.3 Recent developments         254

14.1.7.3.1            Product launches 254

14.1.7.3.2            Deals     254

14.1.8    GENERAL ELECTRIC COMPANY 255

14.1.8.1 Business overview 255

14.1.8.2 Products/Solutions/Services offered 257

14.1.8.3 Recent developments         258

14.1.8.3.1            Product launches 258

14.1.9    TOSHIBA CORPORATION           259

14.1.9.1 Business overview 259

14.1.9.2 Products/Solutions/Services offered 261

14.1.9.3 Recent developments         262

14.1.9.3.1            Product launches 262

14.1.10  ROBERT BOSCH GMBH 263

14.1.10.1             Business overview 263

14.1.10.2             Products/Solutions/Services offered 265

14.1.10.3             Recent developments         266

14.1.10.3.1          Product launches 266

14.1.10.3.2          Deals     266

14.1.11  CISCO SYSTEMS, INC.    267

14.1.11.1             Business overview 267

14.1.11.2             Products/Solutions/Services offered 269

14.1.11.3             Recent developments         271

14.1.11.3.1          Product launches 271

14.1.11.3.2          Deals     272

14.2       OTHER PLAYERS           274

14.2.1    EMERSON ELECTRIC CO.           274

14.2.2    INTEL CORPORATION  275

14.2.3    IBM CORPORATION      276

14.2.4    DASSAULT SYSTÈMES   277

14.2.5    MICROSOFT      278

14.2.6    JOHNSON CONTROLS INC.        279

14.2.7    ORACLE             280

14.2.8    SAP SE  281

14.2.9    DEERE & COMPANY      282

14.2.10  TRIMBLE INC.   283

14.2.11  AGCO CORPORATION  284

14.2.12  MITSUBISHI ELECTRIC CORPORATION 285

14.2.13  ITRON INC.       286

14.2.14  FUJI ELECTRIC CO., LTD.           287

14.2.15  YASKAWA ELECTRIC CORPORATION    288

14.2.16  FANUC CORPORATION 289

14.2.17  CUBIC CORPORATION  290

15          APPENDIX         291

15.1       INSIGHTS FROM INDUSTRY EXPERTS   291

15.2       DISCUSSION GUIDE      292

15.3       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             295

15.4       CUSTOMIZATION OPTIONS      297

15.5       RELATED REPORTS       297

15.6       AUTHOR DETAILS         298

LIST OF TABLES

TABLE 1             ROLE OF COMPANIES IN CYBER-PHYSICAL SYSTEMS ECOSYSTEM     60

TABLE 2             AVERAGE SELLING PRICE TREND OF DIGITAL TWIN, BY KEY PLAYER (USD)  64

TABLE 3             PORTER’S FIVE FORCES ANALYSIS         74

TABLE 4             INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR

TOP THREE VERTICALS (%)      76

TABLE 5             KEY BUYING CRITERIA FOR TOP THREE VERTICALS     77

TABLE 6             IMPORT DATA FOR HS CODE 847950-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD THOUSAND)       80

TABLE 7             EXPORT DATA FOR HS CODE 847950-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD THOUSAND)       80

TABLE 8             IMPORT DATA FOR HS CODE 902690-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD THOUSAND)       81

TABLE 9             EXPORT DATA FOR HS CODE 902690-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD THOUSAND)       82

TABLE 10           IMPORT DATA FOR HS CODE 903289-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD THOUSAND)       83

TABLE 11           EXPORT DATA FOR HS CODE 903289-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD THOUSAND)       84

TABLE 12           MFN TARIFF FOR HS CODE 902690-COMPLIANT PRODUCTS EXPORTED

BY US, 2023        85

TABLE 13           MFN TARIFF FOR HS CODE 902690-COMPLIANT PRODUCTS EXPORTED

BY GERMANY, 2023        85

TABLE 14           MFN TARIFF FOR HS CODE 902690-COMPLIANT PRODUCTS EXPORTED

BY CHINA, 2023 85

TABLE 15           MFN TARIFF FOR HS CODE 902690-COMPLIANT PRODUCTS EXPORTED

BY MEXICO, 2023            86

TABLE 16           NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         86

TABLE 17           EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 87

TABLE 18           ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         88

TABLE 19           ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          88

TABLE 20           LIST OF MAJOR PATENTS, 2021–2024     91

TABLE 21           KEY CONFERENCES AND EVENTS, 2024–2025     93

TABLE 22           CYBER-PHYSICAL SYSTEMS MARKET, BY TYPE, 2020–2023 (USD MILLION)          105

TABLE 23           CYBER-PHYSICAL SYSTEMS MARKET, BY TYPE, 2024–2029 (USD MILLION)          105

TABLE 24           CYBER-PHYSICAL SYSTEMS MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION)          108

TABLE 25           CYBER-PHYSICAL SYSTEMS MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION)          109

TABLE 26           INDUSTRIAL MANAGEMENT: CYBER-PHYSICAL SYSTEMS MARKET,

BY TECHNOLOGY TYPE, 2020–2023 (USD MILLION)        109

TABLE 27           INDUSTRIAL MANAGEMENT: CYBER-PHYSICAL SYSTEMS MARKET,

BY TECHNOLOGY TYPE, 2024–2029 (USD MILLION)        110

TABLE 28           INDUSTRIAL MANAGEMENT: CYBER-PHYSICAL SYSTEMS MARKET, BY REGION, 2020–2023 (USD MILLION)            110

TABLE 29           INDUSTRIAL MANAGEMENT: CYBER-PHYSICAL SYSTEMS MARKET, BY REGION, 2024–2029 (USD MILLION)            110

TABLE 30           OPERATIONAL TECHNOLOGY: CYBER-PHYSICAL SYSTEMS MARKET, BY REGION, 2020–2023 (USD MILLION)            111

TABLE 31           OPERATIONAL TECHNOLOGY: CYBER-PHYSICAL SYSTEMS MARKET, BY REGION, 2024–2029 (USD MILLION)            111

TABLE 32           OPERATIONAL TECHNOLOGY: CYBER-PHYSICAL SYSTEMS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)         112

TABLE 33           OPERATIONAL TECHNOLOGY: CYBER-PHYSICAL SYSTEMS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)         112

TABLE 34           INDUSTRIAL CONTROL SYSTEMS: CYBER-PHYSICAL SYSTEMS MARKET,

BY REGION, 2020–2023 (USD MILLION)  113

TABLE 35           INDUSTRIAL CONTROL SYSTEMS: CYBER-PHYSICAL SYSTEMS MARKET,

BY REGION, 2024–2029 (USD MILLION)  113

TABLE 36           INDUSTRIAL CONTROL SYSTEMS: CYBER-PHYSICAL SYSTEMS MARKET,

BY VERTICAL, 2020–2023 (USD MILLION)            114

TABLE 37           INDUSTRIAL CONTROL SYSTEMS: CYBER-PHYSICAL SYSTEMS MARKET,

BY VERTICAL, 2024–2029 (USD MILLION)            114

TABLE 38           IIOT: CYBER-PHYSICAL SYSTEMS MARKET, BY REGION, 2020–2023 (USD MILLION)     115

TABLE 39           IIOT: CYBER-PHYSICAL SYSTEMS MARKET, BY REGION, 2024–2029 (USD MILLION)     115

TABLE 40           IIOT: CYBER-PHYSICAL SYSTEMS MARKET, BY VERTICAL,

2020–2023 (USD MILLION)          115

TABLE 41           IIOT: CYBER-PHYSICAL SYSTEMS MARKET, BY VERTICAL,

2024–2029 (USD MILLION)          116

TABLE 42           DIGITAL TWIN: CYBER-PHYSICAL SYSTEMS MARKET, BY REGION,

2020–2023 (USD MILLION)          117

TABLE 43           DIGITAL TWIN: CYBER-PHYSICAL SYSTEMS MARKET, BY REGION,

2024–2029 (USD MILLION)          117

TABLE 44           DIGITAL TWIN: CYBER-PHYSICAL SYSTEMS MARKET, BY VERTICAL,

2020–2023 (USD MILLION)          117

TABLE 45           DIGITAL TWIN: CYBER-PHYSICAL SYSTEMS MARKET, BY VERTICAL,

2024–2029 (USD MILLION)          118

TABLE 46           SMART OPERATIONS: CYBER-PHYSICAL SYSTEMS MARKET, BY TECHNOLOGY TYPE, 2020–2023 (USD MILLION)             118

TABLE 47           SMART OPERATIONS: CYBER-PHYSICAL SYSTEMS MARKET, BY TECHNOLOGY TYPE, 2024–2029 (USD MILLION)             119

TABLE 48           SMART OPERATIONS: CYBER-PHYSICAL SYSTEMS MARKET, BY REGION,

2020–2023 (USD MILLION)          119

TABLE 49           SMART OPERATIONS: CYBER-PHYSICAL SYSTEMS MARKET, BY REGION,

2024–2029 (USD MILLION)          119

TABLE 50           SMART BUILDINGS: CYBER-PHYSICAL SYSTEMS MARKET, BY REGION,

2020–2023 (USD MILLION)          120

TABLE 51           SMART BUILDINGS: CYBER-PHYSICAL SYSTEMS MARKET, BY REGION,

2024–2029 (USD MILLION)          120

TABLE 52           SMART BUILDINGS: CYBER-PHYSICAL SYSTEMS MARKET, BY VERTICAL,

2020–2023 (USD MILLION)          121

TABLE 53           SMART BUILDINGS: CYBER-PHYSICAL SYSTEMS MARKET, BY VERTICAL,

2024–2029 (USD MILLION)          121

TABLE 54           INTELLIGENT TRANSPORTATION SYSTEMS: CYBER-PHYSICAL SYSTEMS MARKET, BY REGION, 2020–2023 (USD MILLION)         122

TABLE 55           INTELLIGENT TRANSPORTATION SYSTEMS: CYBER-PHYSICAL SYSTEMS MARKET, BY REGION, 2024–2029 (USD MILLION)         122

TABLE 56           INTELLIGENT TRANSPORTATION SYSTEMS: CYBER-PHYSICAL SYSTEMS MARKET, BY VERTICAL, 2020–2023 (USD MILLION)     122

TABLE 57           INTELLIGENT TRANSPORTATION SYSTEMS: CYBER-PHYSICAL SYSTEMS MARKET, BY VERTICAL, 2024–2029 (USD MILLION)     123

TABLE 58           SMART GRIDS: CYBER-PHYSICAL SYSTEMS MARKET, BY REGION,

2020–2023 (USD MILLION)          123

TABLE 59           SMART GRIDS: CYBER-PHYSICAL SYSTEMS MARKET, BY REGION,

2024–2029 (USD MILLION)          124

TABLE 60           SMART GRIDS: CYBER-PHYSICAL SYSTEMS MARKET, BY VERTICAL,

2020–2023 (USD MILLION)          124

TABLE 61           SMART GRIDS: CYBER-PHYSICAL SYSTEMS MARKET, BY VERTICAL,

2024–2029 (USD MILLION)          124

TABLE 62           SMART GRIDS: CYBER-PHYSICAL SYSTEMS MARKET, BY OFFERING,

2020–2023 (USD MILLION)          124

TABLE 63           SMART GRIDS: CYBER-PHYSICAL SYSTEMS MARKET, BY OFFERING,

2024–2029 (USD MILLION)          125

TABLE 64           SMART GRIDS: CYBER-PHYSICAL SYSTEMS MARKET, BY SOFTWARE COMPONENT, 2020–2023 (USD MILLION)    126

TABLE 65           SMART GRIDS: CYBER-PHYSICAL SYSTEMS MARKET, BY SOFTWARE COMPONENT, 2024–2029 (USD MILLION)    126

TABLE 66           SMART GRIDS: CYBER-PHYSICAL SYSTEMS MARKET, BY HARDWARE TYPE,

2020–2023 (USD MILLION)          129

TABLE 67           SMART GRIDS: CYBER-PHYSICAL SYSTEMS MARKET, BY HARDWARE TYPE,

2024–2029 (USD MILLION)          129

TABLE 68           SMART AGRICULTURE: CYBER-PHYSICAL SYSTEMS MARKET, BY REGION,

2020–2023 (USD MILLION)          131

TABLE 69           SMART AGRICULTURE: CYBER-PHYSICAL SYSTEMS MARKET, BY REGION,

2024–2029 (USD MILLION)          131

TABLE 70           SMART AGRICULTURE: CYBER-PHYSICAL SYSTEMS MARKET, BY VERTICAL,

2020–2023 (USD MILLION)          131

TABLE 71           SMART AGRICULTURE: CYBER-PHYSICAL SYSTEMS MARKET, BY VERTICAL,

2024–2029 (USD MILLION)          132

TABLE 72           ROBOTICS: CYBER-PHYSICAL SYSTEMS MARKET, BY REGION,

2020–2023 (USD MILLION)          132

TABLE 73           ROBOTICS: CYBER-PHYSICAL SYSTEMS MARKET, BY REGION,

2024–2029 (USD MILLION)          133

TABLE 74          ROBOTICS: CYBER-PHYSICAL SYSTEMS MARKET, BY VERTICAL,

2020–2023 (USD MILLION)          133

TABLE 75          ROBOTICS: CYBER-PHYSICAL SYSTEMS MARKET, BY VERTICAL,

2024–2029 (USD MILLION)          133

TABLE 76           CYBER-PHYSICAL SYSTEMS MARKET, BY VERTICAL, 2020–2023 (USD MILLION) 135

TABLE 77           CYBER-PHYSICAL SYSTEMS MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 136

TABLE 78           MANUFACTURING: CYBER-PHYSICAL SYSTEMS MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION)          136

TABLE 79           MANUFACTURING: CYBER-PHYSICAL SYSTEMS MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION)          137

TABLE 80           MANUFACTURING: CYBER-PHYSICAL SYSTEMS MARKET FOR INDUSTRIAL MANAGEMENT, BY TECHNOLOGY TYPE, 2020–2023 (USD MILLION)          137

TABLE 81           MANUFACTURING: CYBER-PHYSICAL SYSTEMS MARKET FOR INDUSTRIAL MANAGEMENT, BY TECHNOLOGY TYPE, 2024–2029 (USD MILLION)          137

TABLE 82           MANUFACTURING: CYBER-PHYSICAL SYSTEMS MARKET FOR SMART OPERATIONS, BY TECHNOLOGY TYPE, 2020–2023 (USD MILLION)              138

TABLE 83           MANUFACTURING: CYBER-PHYSICAL SYSTEMS MARKET FOR SMART OPERATIONS, BY TECHNOLOGY TYPE, 2024–2029 (USD MILLION)              138

TABLE 84           HEALTHCARE: CYBER-PHYSICAL SYSTEMS MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION)          139

TABLE 85           HEALTHCARE: CYBER-PHYSICAL SYSTEMS MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION)          139

TABLE 86           HEALTHCARE: CYBER-PHYSICAL SYSTEMS MARKET FOR INDUSTRIAL MANAGEMENT, BY TECHNOLOGY TYPE, 2020–2023 (USD MILLION)          139

TABLE 87           HEALTHCARE: CYBER-PHYSICAL SYSTEMS MARKET FOR INDUSTRIAL MANAGEMENT, BY TECHNOLOGY TYPE, 2024–2029 (USD MILLION)          140

TABLE 88           AGRICULTURE: CYBER-PHYSICAL SYSTEMS MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION)          140

TABLE 89           AGRICULTURE: CYBER-PHYSICAL SYSTEMS MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION)          141

TABLE 90           AGRICULTURE: CYBER-PHYSICAL SYSTEMS MARKET FOR INDUSTRIAL MANAGEMENT, BY TECHNOLOGY TYPE, 2020–2023 (USD MILLION)          141

TABLE 91           AGRICULTURE: CYBER-PHYSICAL SYSTEMS MARKET FOR INDUSTRIAL MANAGEMENT, BY TECHNOLOGY TYPE, 2024–2029 (USD MILLION)          141

TABLE 92           AGRICULTURE: CYBER-PHYSICAL SYSTEMS MARKET FOR SMART OPERATIONS,

BY TECHNOLOGY TYPE, 2020–2023 (USD MILLION)        141

TABLE 93           AGRICULTURE: CYBER-PHYSICAL SYSTEMS MARKET FOR SMART OPERATIONS,

BY TECHNOLOGY TYPE, 2024–2029 (USD MILLION)        142

TABLE 94           AUTOMOTIVE & TRANSPORTATION: CYBER-PHYSICAL SYSTEMS MARKET,

BY TECHNOLOGY, 2020–2023 (USD MILLION)    142

TABLE 95           AUTOMOTIVE & TRANSPORTATION: CYBER-PHYSICAL SYSTEMS MARKET,

BY TECHNOLOGY, 2024–2029 (USD MILLION)    143

TABLE 96           AUTOMOTIVE & TRANSPORTATION: CYBER-PHYSICAL SYSTEMS MARKET FOR INDUSTRIAL MANAGEMENT, BY TECHNOLOGY TYPE, 2020–2023 (USD MILLION)          143

TABLE 97           AUTOMOTIVE & TRANSPORTATION: CYBER-PHYSICAL SYSTEMS MARKET FOR INDUSTRIAL MANAGEMENT, BY TECHNOLOGY TYPE, 2024–2029 (USD MILLION)          143

TABLE 98           AUTOMOTIVE & TRANSPORTATION: CYBER-PHYSICAL SYSTEMS MARKET FOR SMART OPERATIONS, BY TECHNOLOGY TYPE, 2020–2023 (USD MILLION)     144

TABLE 99           AUTOMOTIVE & TRANSPORTATION: CYBER-PHYSICAL SYSTEMS MARKET FOR SMART OPERATIONS, BY TECHNOLOGY TYPE, 2024–2029 (USD MILLION)     144

TABLE 100         AEROSPACE: CYBER-PHYSICAL SYSTEMS MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION)          145

TABLE 101         AEROSPACE: CYBER-PHYSICAL SYSTEMS MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION)          145

TABLE 102         AEROSPACE: CYBER-PHYSICAL SYSTEMS MARKET FOR INDUSTRIAL MANAGEMENT, BY TECHNOLOGY TYPE, 2020–2023 (USD MILLION)          145

TABLE 103         AEROSPACE: CYBER-PHYSICAL SYSTEMS MARKET FOR INDUSTRIAL MANAGEMENT, BY TECHNOLOGY TYPE, 2024–2029 (USD MILLION)          146

TABLE 104         AEROSPACE: CYBER-PHYSICAL SYSTEMS MARKET FOR SMART OPERATIONS,

BY TECHNOLOGY TYPE, 2020–2023 (USD MILLION)        146

TABLE 105         AEROSPACE: CYBER-PHYSICAL SYSTEMS MARKET FOR SMART OPERATIONS,

BY TECHNOLOGY TYPE, 2024–2029 (USD MILLION)        146

TABLE 106         ENERGY: CYBER-PHYSICAL SYSTEMS MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION)          147

TABLE 107         ENERGY: CYBER-PHYSICAL SYSTEMS MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION)          147

TABLE 108         ENERGY: CYBER-PHYSICAL SYSTEMS MARKET FOR INDUSTRIAL MANAGEMENT,

BY TECHNOLOGY TYPE, 2020–2023 (USD MILLION)        148

TABLE 109         ENERGY: CYBER-PHYSICAL SYSTEMS MARKET FOR INDUSTRIAL MANAGEMENT,

BY TECHNOLOGY TYPE, 2024–2029 (USD MILLION)        148

TABLE 110         ENERGY: CYBER-PHYSICAL SYSTEMS MARKET FOR SMART OPERATIONS,

BY TECHNOLOGY TYPE, 2020–2023 (USD MILLION)        148

TABLE 111         ENERGY: CYBER-PHYSICAL SYSTEMS MARKET FOR SMART OPERATIONS,

BY TECHNOLOGY TYPE, 2024–2029 (USD MILLION)        149

TABLE 112         INFRASTRUCTURE: CYBER-PHYSICAL SYSTEMS MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION)          149

TABLE 113         INFRASTRUCTURE: CYBER-PHYSICAL SYSTEMS MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION)          150

TABLE 114         INFRASTRUCTURE: CYBER-PHYSICAL SYSTEMS MARKET FOR INDUSTRIAL MANAGEMENT, BY TECHNOLOGY TYPE, 2020–2023 (USD MILLION)          150

TABLE 115         INFRASTRUCTURE: CYBER-PHYSICAL SYSTEMS MARKET FOR INDUSTRIAL MANAGEMENT, BY TECHNOLOGY TYPE, 2024–2029 (USD MILLION)          150

TABLE 116         INFRASTRUCTURE: CYBER-PHYSICAL SYSTEMS MARKET FOR SMART OPERATIONS, BY TECHNOLOGY TYPE, 2020–2023 (USD MILLION)              150

TABLE 117         INFRASTRUCTURE: CYBER-PHYSICAL SYSTEMS MARKET FOR SMART OPERATIONS, BY TECHNOLOGY TYPE, 2024–2029 (USD MILLION)              151

TABLE 118         OIL & GAS: CYBER-PHYSICAL SYSTEMS MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION)          151

TABLE 119         OIL & GAS: CYBER-PHYSICAL SYSTEMS MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION)          152

TABLE 120         OIL & GAS: CYBER-PHYSICAL SYSTEMS MARKET FOR INDUSTRIAL MANAGEMENT, BY TECHNOLOGY TYPE, 2020–2023 (USD MILLION)          152

TABLE 121         OIL & GAS: CYBER-PHYSICAL SYSTEMS MARKET FOR INDUSTRIAL MANAGEMENT, BY TECHNOLOGY TYPE, 2024–2029 (USD MILLION)          152

TABLE 122         CYBER-PHYSICAL SYSTEMS MARKET, BY REGION, 2020–2023 (USD MILLION) 154

TABLE 123         CYBER-PHYSICAL SYSTEMS MARKET, BY REGION, 2024–2029 (USD MILLION) 155

TABLE 124         NORTH AMERICA: CYBER-PHYSICAL SYSTEMS MARKET, BY COUNTRY,

2020–2023 (USD MILLION)          156

TABLE 125         NORTH AMERICA: CYBER-PHYSICAL SYSTEMS MARKET, BY COUNTRY,

2024–2029 (USD MILLION)          157

TABLE 126         NORTH AMERICA: CYBER-PHYSICAL SYSTEMS MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION)          157

TABLE 127         NORTH AMERICA: CYBER-PHYSICAL SYSTEMS MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION)          157

TABLE 128         NORTH AMERICA: CYBER-PHYSICAL SYSTEMS MARKET FOR INDUSTRIAL MANAGEMENT, BY TECHNOLOGY TYPE, 2020–2023 (USD MILLION)          158

TABLE 129         NORTH AMERICA: CYBER-PHYSICAL SYSTEMS MARKET FOR INDUSTRIAL MANAGEMENT, BY TECHNOLOGY TYPE, 2024–2029 (USD MILLION)          158

TABLE 130         NORTH AMERICA: CYBER-PHYSICAL SYSTEMS MARKET FOR SMART OPERATIONS, BY TECHNOLOGY TYPE, 2020–2023 (USD MILLION)              158

TABLE 131         NORTH AMERICA: CYBER-PHYSICAL SYSTEMS MARKET FOR SMART OPERATIONS, BY TECHNOLOGY TYPE, 2024–2029 (USD MILLION)              159

TABLE 132         EUROPE: CYBER-PHYSICAL SYSTEMS MARKET, BY COUNTRY,

2020–2023 (USD MILLION)          162

TABLE 133         EUROPE: CYBER-PHYSICAL SYSTEMS MARKET, BY COUNTRY,

2024–2029 (USD MILLION)          162

TABLE 134         EUROPE: CYBER-PHYSICAL SYSTEMS MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION)          162

TABLE 135         EUROPE: CYBER-PHYSICAL SYSTEMS MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION)          163

TABLE 136         EUROPE: CYBER-PHYSICAL SYSTEMS MARKET FOR INDUSTRIAL MANAGEMENT,

BY TECHNOLOGY TYPE, 2020–2023 (USD MILLION)        163

TABLE 137         EUROPE: CYBER-PHYSICAL SYSTEMS MARKET FOR INDUSTRIAL MANAGEMENT,

BY TECHNOLOGY TYPE, 2024–2029 (USD MILLION)        163

TABLE 138         EUROPE: CYBER-PHYSICAL SYSTEMS MARKET FOR SMART OPERATIONS,

BY TECHNOLOGY TYPE, 2020–2023 (USD MILLION)        164

TABLE 139         EUROPE: CYBER-PHYSICAL SYSTEMS MARKET FOR SMART OPERATIONS,

BY TECHNOLOGY TYPE, 2024–2029 (USD MILLION)        164

TABLE 140         ASIA PACIFIC: CYBER-PHYSICAL SYSTEMS MARKET, BY COUNTRY,

2020–2023 (USD MILLION)          168

TABLE 141         ASIA PACIFIC: CYBER-PHYSICAL SYSTEMS MARKET, BY COUNTRY,

2024–2029 (USD MILLION)          168

TABLE 142         ASIA PACIFIC: CYBER-PHYSICAL SYSTEMS MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION)          168

TABLE 143         ASIA PACIFIC: CYBER-PHYSICAL SYSTEMS MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION)          169

TABLE 144         ASIA PACIFIC: CYBER-PHYSICAL SYSTEMS MARKET FOR INDUSTRIAL MANAGEMENT, BY TECHNOLOGY TYPE, 2020–2023 (USD MILLION)          169

TABLE 145         ASIA PACIFIC: CYBER-PHYSICAL SYSTEMS MARKET FOR INDUSTRIAL MANAGEMENT, BY TECHNOLOGY TYPE, 2024–2029 (USD MILLION)          169

TABLE 146         ASIA PACIFIC: CYBER-PHYSICAL SYSTEMS MARKET FOR SMART OPERATIONS,

BY TECHNOLOGY TYPE, 2020–2023 (USD MILLION)        170

TABLE 147         ASIA PACIFIC: CYBER-PHYSICAL SYSTEMS MARKET FOR SMART OPERATIONS,

BY TECHNOLOGY TYPE, 2024–2029 (USD MILLION)        170

TABLE 148         ROW: CYBER-PHYSICAL SYSTEMS MARKET, BY REGION,

2020–2023 (USD MILLION)          173

TABLE 149         ROW: CYBER-PHYSICAL SYSTEMS MARKET, BY REGION,

2024–2029 (USD MILLION)          173

TABLE 150         ROW: CYBER-PHYSICAL SYSTEMS MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION)          174

TABLE 151         ROW: CYBER-PHYSICAL SYSTEMS MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION)          174

TABLE 152         ROW: CYBER-PHYSICAL SYSTEMS MARKET FOR INDUSTRIAL MANAGEMENT,

BY TECHNOLOGY TYPE, 2020–2023 (USD MILLION)        174

TABLE 153         ROW: CYBER-PHYSICAL SYSTEMS MARKET FOR INDUSTRIAL MANAGEMENT,

BY TECHNOLOGY TYPE, 2024–2029 (USD MILLION)        175

TABLE 154         ROW: CYBER-PHYSICAL SYSTEMS MARKET FOR SMART OPERATIONS,

BY TECHNOLOGY TYPE, 2020–2023 (USD MILLION)        175

TABLE 155         ROW: CYBER-PHYSICAL SYSTEMS MARKET FOR SMART OPERATIONS,

BY TECHNOLOGY TYPE, 2024–2029 (USD MILLION)        175

TABLE 156         MIDDLE EAST: CYBER-PHYSICAL SYSTEMS MARKET, BY COUNTRY,

2020–2023 (USD MILLION)          176

TABLE 157         MIDDLE EAST: CYBER-PHYSICAL SYSTEMS MARKET, BY COUNTRY,

2024–2029 (USD MILLION)          177

TABLE 158         CYBER-PHYSICAL SYSTEMS MARKET: OVERVIEW OF STRATEGIES ADOPTED

BY KEY PLAYERS, 2020–2024       179

TABLE 159         CYBER-PHYSICAL SYSTEMS MARKET: DEGREE OF COMPETITION, 2023     183

TABLE 160         CYBER-PHYSICAL SYSTEMS MARKET: TECHNOLOGY FOOTPRINT      190

TABLE 161         CYBER-PHYSICAL SYSTEMS MARKET: VERTICAL FOOTPRINT              191

TABLE 162         CYBER-PHYSICAL SYSTEMS MARKET: REGION FOOTPRINT              192

TABLE 163         CYBER-PHYSICAL SYSTEMS MARKET: DETAILED LIST OF KEY STARTUPS/SMES           195

TABLE 164         CYBER-PHYSICAL SYSTEMS MARKET: COMPETITIVE BENCHMARKING

OF KEY STARTUPS/SMES           196

TABLE 165         CYBER-PHYSICAL SYSTEMS MARKET: PRODUCT LAUNCHES,

JANUARY 2020–AUGUST 2024     197

TABLE 166         CYBER-PHYSICAL SYSTEMS MARKET: DEALS, JANUARY 2020–AUGUST 2024    202

TABLE 167         CYBER-PHYSICAL SYSTEMS MARKET: EXPANSIONS, JANUARY 2020–AUGUST 2024        212

TABLE 168         CYBER-PHYSICAL SYSTEMS MARKET: OTHERS, JANUARY 2020–AUGUST 2024    213

TABLE 169         ABB: COMPANY OVERVIEW       214

TABLE 170         ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED        216

TABLE 171         ABB: PRODUCT LAUNCHES       217

TABLE 172         ABB: DEALS      218

TABLE 173         ABB: EXPANSIONS         220

TABLE 174         HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW              222

TABLE 175         HONEYWELL INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   224

TABLE 176         HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES              225

TABLE 177         HONEYWELL INTERNATIONAL INC.: DEALS      227

TABLE 178         HITACHI, LTD.: COMPANY OVERVIEW  230

TABLE 179         HITACHI, LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED              232

TABLE 180         HITACHI, LTD.: DEALS 232

TABLE 181         SCHNEIDER ELECTRIC: COMPANY OVERVIEW  235

TABLE 182         SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED          237

TABLE 183         SCHNEIDER ELECTRIC: PRODUCT LAUNCHES  238

TABLE 184         SCHNEIDER ELECTRIC: DEALS 238

TABLE 185         SIEMENS: COMPANY OVERVIEW            240

TABLE 186         SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED              242

TABLE 187         SIEMENS: PRODUCT LAUNCHES            243

TABLE 188         SIEMENS: DEALS            244

TABLE 189         SIEMENS: OTHERS         245

TABLE 190         ROCKWELL AUTOMATION: COMPANY OVERVIEW        246

TABLE 191         ROCKWELL AUTOMATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED   248

TABLE 192         ROCKWELL AUTOMATION: DEALS        249

TABLE 193         CONTINENTAL AG: COMPANY OVERVIEW         251

TABLE 194         CONTINENTAL AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED          253

TABLE 195         CONTINENTAL AG: PRODUCT LAUNCHES         254

TABLE 196         CONTINENTAL AG: DEALS        254

TABLE 197         GENERAL ELECTRIC COMPANY: COMPANY OVERVIEW 255

TABLE 198         GENERAL ELECTRIC COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED   257

TABLE 199         GENERAL ELECTRIC COMPANY: PRODUCT LAUNCHES 258

TABLE 200         TOSHIBA CORPORATION: COMPANY OVERVIEW           259

TABLE 201         TOSHIBA CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED          261

TABLE 202         TOSHIBA CORPORATION: PRODUCT LAUNCHES           262

TABLE 203         ROBERT BOSCH GMBH: COMPANY OVERVIEW 263

TABLE 204         ROBERT BOSCH GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED          265

TABLE 205         ROBERT BOSCH GMBH: PRODUCT LAUNCHES 266

TABLE 206         ROBERT BOSCH GMBH: DEALS 266

TABLE 207         CISCO SYSTEMS, INC.: COMPANY OVERVIEW    267

TABLE 208         CISCO SYSTEMS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED          269

TABLE 209         CISCO SYSTEMS, INC.: PRODUCT LAUNCHES    271

TABLE 210         CISCO SYSTEMS, INC.: DEALS    272

LIST OF FIGURES

FIGURE 1           CYBER-PHYSICAL SYSTEMS MARKET SEGMENTATION  27

FIGURE 2           CYBER-PHYSICAL SYSTEMS MARKET: RESEARCH DESIGN              30

FIGURE 3           CYBER-PHYSICAL SYSTEMS MARKET SIZE ESTIMATION METHODOLOGY           35

FIGURE 4           CYBER-PHYSICAL SYSTEMS MARKET: BOTTOM-UP APPROACH              36

FIGURE 5           CYBER-PHYSICAL SYSTEMS MARKET: TOP-DOWN APPROACH              37

FIGURE 6           CYBER-PHYSICAL SYSTEMS MARKET SIZE ESTIMATION METHODOLOGY

(SUPPLY SIDE) 38

FIGURE 7           CYBER-PHYSICAL SYSTEMS MARKET: DATA TRIANGULATION              39

FIGURE 8           CYBER-PHYSICAL SYSTEMS MARKET: RESEARCH ASSUMPTIONS 40

FIGURE 9           CYBER-PHYSICAL SYSTEMS MARKET: RESEARCH LIMITATIONS   40

FIGURE 10         INDUSTRIAL MANAGEMENT SEGMENT TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD        43

FIGURE 11         CLOSED-LOOP SEGMENT TO WITNESS HIGHER CAGR DURING FORECAST PERIOD       43

FIGURE 12         INDUSTRIAL CONTROL SYSTEMS SEGMENT TO CAPTURE LARGEST SHARE OF MARKET FOR INDUSTRIAL MANAGEMENT IN 2029 44

FIGURE 13         SMART GRIDS SEGMENT TO HOLD LARGEST SHARE OF MARKET FOR

SMART OPERATIONS IN 2029    44

FIGURE 14         ENERGY SEGMENT TO DOMINATE CYBER-PHYSICAL SYSTEMS MARKET

FROM 2024 TO 2029       45

FIGURE 15         ASIA PACIFIC TO REGISTER HIGHEST CAGR FROM 2024 TO 2029      46

FIGURE 16         RAPID MODERNIZATION OF POWER GRIDS TO CONTRIBUTE TO MARKET GROWTH 47

FIGURE 17         SMART GRIDS SEGMENT AND US TO HOLD LARGEST SHARES OF

CYBER-PHYSICAL SYSTEMS MARKET, BY TECHNOLOGY, IN 2024            48

FIGURE 18         SMART GRIDS SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029 48

FIGURE 19         INDIA TO EXHIBIT HIGHEST CAGR IN GLOBAL CYBER-PHYSICAL SYSTEMS MARKET DURING FORECAST PERIOD         49

FIGURE 20         DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES              50

FIGURE 21         IMPACT ANALYSIS: DRIVERS     51

FIGURE 22         IMPACT ANALYSIS: RESTRAINTS            53

FIGURE 23         IMPACT ANALYSIS: OPPORTUNITIES    55

FIGURE 24         IMPACT ANALYSIS: CHALLENGES          57

FIGURE 25         VALUE CHAIN ANALYSIS            58

FIGURE 26         CYBER-PHYSICAL SYSTEMS ECOSYSTEM            60

FIGURE 27         INVESTMENT AND FUNDING SCENARIO            61

FIGURE 28         TRENDS/DISRUPTIONS INFLUENCING CUSTOMER BUSINESS              62

FIGURE 29         AVERAGE SELLING PRICE TREND OF DIGITAL TWIN, BY KEY PLAYER 63

FIGURE 30         AVERAGE SELLING PRICE TREND OF DIGITAL TWIN, 2020–2024              65

FIGURE 31         AVERAGE SELLING PRICE TREND OF DIGITAL TWIN, BY REGION, 2020–2024        65

FIGURE 32         IMPACT OF GEN AI/AI ON CYBER-PHYSICAL SYSTEMS MARKET              69

FIGURE 33         PORTER’S FIVE FORCES ANALYSIS         74

FIGURE 34         INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS     76

FIGURE 35         KEY BUYING CRITERIA FOR TOP THREE VERTICALS     77

FIGURE 36         IMPORT DATA FOR HS CODE 847950-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023             79

FIGURE 37         EXPORT DATA FOR HS CODE 847950-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023             80

FIGURE 38         IMPORT DATA FOR HS CODE 902690-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023             81

FIGURE 39         EXPORT DATA FOR HS CODE 902690-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023             82

FIGURE 40         IMPORT DATA FOR HS CODE 903289-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023             83

FIGURE 41         EXPORT DATA FOR HS CODE 903289-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023             84

FIGURE 42         PATENTS APPLIED AND GRANTED, 2014–2023   90

FIGURE 43         FRAMEWORKS OF CYBER-PHYSICAL SYSTEMS  95

FIGURE 44         CYBER AND PHYSICAL SYSTEMS            100

FIGURE 45         CLOSE-LOOP SEGMENT TO DOMINATE CYBER-PHYSICAL SYSTEMS MARKET BETWEEN 2024 AND 2029      105

FIGURE 46         INDUSTRIAL MANAGEMENT SEGMENT TO DOMINATE CYBER-PHYSICAL SYSTEMS MARKET DURING FORECAST PERIOD         108

FIGURE 47         ENERGY SEGMENT TO HOLD LARGEST SHARE OF CYBER-PHYSICAL SYSTEMS MARKET IN 2029    135

FIGURE 48         ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD       154

FIGURE 49         NORTH AMERICA: CYBER-PHYSICAL SYSTEMS MARKET SNAPSHOT        156

FIGURE 50         EUROPE: CYBER-PHYSICAL SYSTEMS MARKET SNAPSHOT              161

FIGURE 51         ASIA PACIFIC: CYBER-PHYSICAL SYSTEMS MARKET SNAPSHOT              167

FIGURE 52         MARKET SHARE ANALYSIS OF COMPANIES OFFERING

CYBER-PHYSICAL SYSTEMS, 2023           182

FIGURE 53         CYBER-PHYSICAL SYSTEMS MARKET: REVENUE ANALYSIS OF FIVE KEY PLAYERS, 2019–2023    184

FIGURE 54         COMPANY VALUATION, 2024    185

FIGURE 55         FINANCIAL METRICS, 2024 (EV/EBITDA)            185

FIGURE 56         BRAND/PRODUCT COMPARISON          186

FIGURE 57         CYBER-PHYSICAL SYSTEMS MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023    188

FIGURE 58         CYBER-PHYSICAL SYSTEMS MARKET: COMPANY FOOTPRINT              189

FIGURE 59         CYBER-PHYSICAL SYSTEMS MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023           194

FIGURE 60         ABB: COMPANY SNAPSHOT       215

FIGURE 61         HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT              223

FIGURE 62         HITACHI, LTD.: COMPANY SNAPSHOT 231

FIGURE 63         SCHNEIDER ELECTRIC: COMPANY SNAPSHOT  236

FIGURE 64         SIEMENS: COMPANY SNAPSHOT            241

FIGURE 65         ROCKWELL AUTOMATION: COMPANY SNAPSHOT        247

FIGURE 66         CONTINENTAL AG: COMPANY SNAPSHOT        252

FIGURE 67         GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT 256

FIGURE 68         TOSHIBA CORPORATION: COMPANY SNAPSHOT           260

FIGURE 69         ROBERT BOSCH GMBH: COMPANY SNAPSHOT 264

FIGURE 70         CISCO SYSTEMS, INC.: COMPANY SNAPSHOT    268