As part of our advisory activities at Mind the Bridge, we are continuously looking for the most innovative startups around the world that fit the verticals we are focusing on.
One of them is Industry 4.0. Not only because it is a hot topic, but also because of the potential high gain and benefits it can bring to our clients and stakeholders.
According to Markets And Markets, the Industry 4.0 market will grow at a CAGR of 16.9% from 2019 to 2024 and is expected to reach USD 156.6 billion by 2024.
At this point you might say: “wait a minute, what about the impact of the COVID 19?” We believe that the adoption of Industry 4.0 technologies will accelerate as it will allow manufacturers to overcome the crisis we are going through.
The Industry 4.0 benefits include for manufacturers more flexibility with regards to the demand, real-time visibility of their supply chain, and better human resources planning.
We can also note that technologies such as Autonomous Ground Vehicles, Co-bots, and AR/VR could be key to relaunch the production without putting the workers at risk.
You will find below our short selection of the most interesting European startups active in the Industry 4.0 field, with technologies ranging from Predictive Maintenance to Computer vision or Mixed Reality.
We have chosen them based on the innovation of their technologies, their traction, their business model, and feedback from our clients when they met with them.