Future of Industry 4.0 and Emerging Technologies of Industry 5.0: Study

The Industrial Revolution refers to the shift from traditional industrial practices to new techniques driven by contemporary technologies.The first three revolutions were powered by mechanization, electrification, and automation, transforming economies from agrarian to manufacturing-based.These changes improved factory workers' living standards, healthcare, and overall quality of life, while boosting production, competitiveness, and global business.Currently, we are experiencing the Fourth Industrial Revolution (Industry 4.0), with the world preparing for the next phase: the Fifth Industrial Revolution (Industry 5.0).The first part of the paper explores the technologies of Industry 4.0 and their role as a foundation for Industry 5.0, as well as the socio-economic challenges and the need for advancements in Industry 5.0.The second part discusses potential technologies for Industry 5.0, their applications, and how they can address the challenges of Industry 4.0.