The smart manufacturing technology allows the data to be directed to the machine instead of a person, where the machine continues learning as events occur and only notifies a person through a directive when necessary. The requirement of quality, efficiency and compliance, and governmental support for digitization in the industrial sector is heavily influencing the adoption rate of this technology in the European market. The Europe smart manufacturing market is anticipated to grow at 7.54% CAGR from 2019 and by the end of 2027.
EUROPE SMART MANUFACTURING MARKET FORECAST 2019-2027
Europe Smart Manufacturing Market by Component (Hardware, Software, Services), by Technology (Mes (Manufacturing Execution System),plc (Programmable Logic Controller), Erp (Enterprise Resource Planning), Scada (Supervisory Control and Data Acquisition), Dcs (Distributed Control System), Hmi (Human-machine Interface), Machine Vision, 3d Printing, Plm (Product Lifecycle Management), Pam (Purchase Activated Manufacturing)), by End User (Automotive, Aerospace & Defense, Chemicals & Materials, Healthcare, Industrial Equipment, Electronics, Food & Agriculture, Oil & Gas, Others), & Geography.
The smart manufacturing technology allows the data to be directed to the machine instead of a person, where the machine continues learning as events occur and only notifies a person through a directive when necessary. The requirement of quality, efficiency and compliance, and governmental support for digitization in the industrial sector is heavily influencing the adoption rate of this technology in the European market. The Europe smart manufacturing market is anticipated to grow at 7.54% CAGR from 2019 and by the end of 2027. The countries- the United Kingdom, Germany, France, Spain, Italy, Russia & the collective countries from the Rest of Europe are considered for studying the market trends in the European region.
The market has been segmented by component, technology and the end user industries. Also, it has been expected that the European region will have a growth in the number of partnerships between hardware providers and software solution vendors that will augment the adoption rate of smart manufacturing technology. The German market is projected to reach $XX billion by 2027 and is expected to be the fastest growing market in the European region. It can be mainly due to the various applications of IoT solutions by the small and medium enterprises of the German industrial sector.
There are many establishments that have heavily adopted the said technology and profited the Europe market for smart manufacturing, who are: General Electric Company, ABB Ltd., Mitsubishi Electric Corporation, Emerson Electric Company, Fanuc Corporation, Honeywell International Inc., Robert Bosch GMBH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG and Yokogawa Electric Corporation.
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- RESEARCH SCOPE
- STUDY GOALS
- SCOPE OF THE MARKET STUDY
- WHO WILL FIND THIS REPORT USEFUL?
- STUDY AND FORECASTING YEARS
- RESEARCH METHODOLOGY
- SOURCES OF DATA
- SECONDARY DATA
- PRIMARY DATA
- TOP-DOWN APPROACH
- BOTTOM-UP APPROACH
- DATA TRIANGULATION
- SOURCES OF DATA
- EXECUTIVE SUMMARY
- MARKET SUMMARY
- KEY FINDINGS
- SOFTWARE COMPONENT IS PROJECTED TO GROW AT A SIGNIFICANT CAGR
- 3D PRINTING TECHNOLOGY IS EXPECTED TO SHOW HIGHEST GROWTH RATE
- AUTOMOTIVE IS THE LARGEST AND THE FASTEST GROWING END USER IN THE SMART MANUFACTURING MARKET
- MARKET DYNAMICS
- MARKET DEFINITION & SCOPE
- MARKET DRIVERS
- RAPID GROWTH OF INTERNET OF THINGS
- RISING DEMAND FOR AUTOMATION, QUALITY AND EFFICIENCY
- REQUIREMENT OF COMPLIANCE AND GOVERNMENT SUPPORT FOR DIGITIZATION
- MARKET RESTRAINTS
- SECURITY CONCERNS
- HIGH CAPITAL INVESTMENT REQUIRED FOR SETTING UP SMART MANUFACTURING
- MARKET OPPORTUNITIES
- CONTINUOUS GROWTH OF THE AEROSPACE AND DEFENSE INDUSTRY
- PREFERENCE OF CUSTOMER TOWARDS DURABLE AND CHEAP PRODUCTS
- MARKET CHALLENGES
- COLLECTION OF IRRELEVANT DATA LEAD TO POOR ANALYSIS OF PROBLEM
- SMART MANUFACTURING LEADING TO UNEMPLOYMENT
- MARKET BY COMPONENT
- HARDWARE
- SOFTWARE
- SERVICES
- MARKET BY TECHNOLOGY
- MES (MANUFACTURING EXECUTION SYSTEM)
- PLC (PROGRAMMABLE LOGIC CONTROLLER)
- ERP (ENTERPRISE RESOURCE PLANNING)
- SCADA (SUPERVISORY CONTROL AND DATA ACQUISITION)
- DCS (DISTRIBUTED CONTROL SYSTEM)
- HMI (HUMAN-MACHINE INTERFACE)
- MACHINE VISION
- 3D PRINTING
- PLM (PRODUCT LIFECYCLE MANAGEMENT)
- PAM (PURCHASE ACTIVATED MANUFACTURING)
- MARKET BY END USER
- AUTOMOTIVE
- AEROSPACE & DEFENSE
- CHEMICALS & MATERIALS
- HEALTHCARE
- INDUSTRIAL EQUIPMENT
- ELECTRONICS
- FOOD & AGRICULTURE
- OIL & GAS
- OTHERS
- KEY ANALYTICS
- PORTER’S FIVE FORCE MODEL
- THREAT OF NEW ENTRANTS
- THREAT OF SUBSTITUTE
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF BUYERS
- THREAT OF COMPETITIVE RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- PORTER’S FIVE FORCE MODEL
- GEOGRAPHICAL ANALYSIS
- EUROPE
- UNITED KINGDOM
- GERMANY
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- ROE (REST OF EUROPE)
- EUROPE
- COMPETITIVE LANDSCAPE
- COMPANY PROFILE
- ABB LTD.
- EMERSON ELECTRIC CO.
- FANUC CORPORATION
- GENERAL ELECTRIC COMPANY
- HONEYWELL INTERNATIONAL INC.
- MITSUBISHI ELECTRIC CORPORATION
- ROBERT BOSCH GMBH
- ROCKWELL AUTOMATION INC.
- SCHNEIDER ELECTRIC SE
- SIEMENS AG
- YOKOGAWA ELECTRIC CORPORATION
- COMPANY PROFILE
TABLE LIST
TABLE 1 Â Â Â Â Â EUROPE SMART MANUFACTURING MARKET, BY COUNTRY, 2019-2027, (IN $ BILLION)
TABLE 2 Â Â Â Â Â EUROPE SMART MANUFACTURING MARKET, BY COMPONENT, 2019-2027, (IN $ BILLION)
TABLE 3Â Â Â Â Â Â EUROPE SMART MANUFACTURING MARKET, BY TECHNOLOGY, 2019-2027, (IN $ BILLION)
TABLE 4Â Â Â Â Â Â EUROPE SMART MANUFACTURING MARKET, BY END USER, 2019-2027, (IN $ BILLION)
TABLE 5Â Â Â Â Â Â OPPORTUNITY MATRIX
TABLE 6Â Â Â Â Â Â VENDOR LANDSCAPE
TABLE 7Â Â Â Â Â Â EUROPE SMART MANUFACTURING MARKET, BY COUNTRY, 2019-2027 (IN $ BILLION)
FIGURE LISTÂ
FIGURE 1 Â Â Â EUROPE SMART MANUFACTURING MARKET SHARE, BY END USER, 2018 & 2027 (%)
FIGURE 2 Â Â Â SOFTWARE COMPONENT OF SMART MANUFACTURING MARKET, 2019 – 2027 (IN $ BILLION)
FIGURE 3Â Â Â Â 3D PRINTING FOR SMART MANUFACTURING MARKET, 2019 – 2027 (IN $ BILLION)
FIGURE 4 Â Â Â AUTOMOTIVE SMART MANUFACTURING MARKET ($ BILLION)
FIGURE 5Â Â Â Â EUROPE SMART MANUFACTURING MARKET, BY DCS, 2019-2027, (IN $ BILLION)
FIGURE 6 Â Â Â EUROPE SMART MANUFACTURING MARKET, BY HMI, 2019-2027, (IN $ BILLION)
FIGURE 7Â Â Â Â EUROPE SMART MANUFACTURING MARKET, BY MACHINE VISION, 2019-2027, (IN $ BILLION)
FIGURE 8 Â Â Â EUROPE SMART MANUFACTURING MARKET, BY 3D PRINTING, 2019-2027, (IN $ BILLION)
FIGURE 9Â Â Â Â EUROPE SMART MANUFACTURING MARKET, BY PLM, 2019-2027, (IN $ BILLION)
FIGURE 10 Â EUROPE SMART MANUFACTURING MARKET, BY PAM, 2019-2027, (IN $ BILLION)
FIGURE 11 Â EUROPE SMART MANUFACTURING MARKET, BY AUTOMOTIVE SECTOR, 2019-2027, (IN $ BILLION)
FIGURE 12 Â EUROPE SMART MANUFACTURING MARKET, BY AEROSPACE & DEFENSE SECTOR, 2019-2027, (IN $ BILLION)
FIGURE 13Â Â EUROPE SMART MANUFACTURING MARKET, BY CHEMICALS & MATERIALS SECTOR, 2019-2027, (IN $ BILLION)
FIGURE 14Â Â EUROPE SMART MANUFACTURING MARKET, BY HEALTHCARE SECTOR, 2019-2027, (IN $ BILLION)
FIGURE 15Â Â EUROPE SMART MANUFACTURING MARKET, BY INDUSTRIAL EQUIPMENT SECTOR, 2019-2027, (IN $ BILLION)
FIGURE 16Â Â EUROPE SMART MANUFACTURING MARKET, BY ELECTRONICS SECTOR, 2019-2027, (IN $ BILLION)
FIGURE 17Â Â EUROPE SMART MANUFACTURING MARKET, BY FOOD & AGRICULTURE SECTOR, 2019-2027, (IN $ BILLION)
FIGURE 18Â Â EUROPE SMART MANUFACTURING MARKET, BY OIL & GAS SECTOR, 2019-2027, (IN $ BILLION)
FIGURE 19Â Â EUROPE SMART MANUFACTURING MARKET, BY OTHER SECTOR, 2019-2027, (IN $ BILLION)
FIGURE 20  PORTER’S FIVE FORCE MODEL
FIGURE 21Â Â EUROPE SMART MANUFACTURING MARKET, REGIONAL OUTLOOK, 2018 & 2027, (%)
FIGURE 22Â Â UNITED KINGDOM SMART MANUFACTURING MARKET, 2019-2027 (IN $ BILLION)
FIGURE 23Â Â GERMANY SMART MANUFACTURING MARKET, 2019-2027 (IN $ BILLION)
FIGURE 24Â Â FRANCE SMART MANUFACTURING MARKET, 2019-2027 (IN $ BILLION)
FIGURE 25 Â ITALY SMART MANUFACTURING MARKET, 2019-2027 (IN $ BILLION)
FIGURE 29 Â SPAIN SMART MANUFACTURING MARKET, 2019-2027 (IN $ BILLION)
FIGURE 30Â Â RUSSIA SMART MANUFACTURING MARKET, 2019-2027 (IN $ BILLION)
FIGURE 31Â Â ROE SMART MANUFACTURING MARKET, 2019-2027 (IN $ BILLION)
- GEOGRAPHICAL ANALYSIS
- EUROPE
- UNITED KINGDOM
- GERMANY
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- ROE (REST OF EUROPE)
- EUROPE
- MARKET BY COMPONENT
- HARDWARE
- SOFTWARE
- SERVICES
- MARKET BY TECHNOLOGY
- MES (MANUFACTURING EXECUTION SYSTEM)
- PLC (PROGRAMMABLE LOGIC CONTROLLER)
- ERP (ENTERPRISE RESOURCE PLANNING)
- SCADA (SUPERVISORY CONTROL AND DATA ACQUISITION)
- DCS (DISTRIBUTED CONTROL SYSTEM)
- HMI (HUMAN-MACHINE INTERFACE)
- MACHINE VISION
- 3D PRINTING
- PLM (PRODUCT LIFECYCLE MANAGEMENT)
- PAM (PURCHASE ACTIVATED MANUFACTURING)
- MARKET BY END USER
- AUTOMOTIVE
- AEROSPACE & DEFENSE
- CHEMICALS & MATERIALS
- HEALTHCARE
- INDUSTRIAL EQUIPMENT
- ELECTRONICS
- FOOD & AGRICULTURE
- OIL & GAS
- OTHERS
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