The book aims to provide up-to-date research on the emerging technologies and applications in Industry 5.0, challenges and emerging trends in Industry 5.0 and the role of Industry 5.0 in sustainable economy. Industry 5.0 is a new production model where the focus lies in the interaction between humans and machines. Industry 5.0 takes the next step, which involves leveraging the collaboration between increasingly powerful and accurate machinery and the unique creative potential of the human being. Industry 5.0 is characterized by going beyond producing goods and services for profit. It shifts the focus from the shareholder value to stakeholder value and reinforces the role and the contribution of industry to society.Industry 5.0 is the future and already an emerging trend: the interaction and collaboration between man and machine. It places the well being of the worker at the center of the production process and uses new technologies to provide prosperity beyond jobs and growth while respecting the production limits of the planet. It complements the existing "Industry 4.0" approach by specifically putting research and innovation at the service of the transition to a sustainable, human-centric and resilient European industry.Industry 5.0 brings benefits for industry, for workers and for society. But making Industry 5.0 a reality is not just a nice thing to do. Industries must adapt, evolve and embrace the green and digital transitions to continue to be competitive and remain engines of prosperity. Industries must play an active role in providing solutions to challenges in society including the preservation of resources, climate change and social stability.