Industry 5.0 marks the next evolutionary phase of industrial advancement, building upon the foundations set by Industry 4.0. This paradigm shifts the focus from purely automation-driven efficiency to one that embraces human creativity, ethical responsibility, and sustainability. As automation continues to play an integral role in modern industries, Industry 5.0 introduces a more human-centric approach, where technology collaborates with human workers to enhance production processes while considering the broader societal and environmental impacts. This chapter explores the definition, scope, principles, and drivers of Industry 5.0, highlighting its transformative role in industrial evolution.