EUROPE SMART MANUFACTURING MARKET FORECAST 2019-2027

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EUROPE SMART MANUFACTURING MARKET FORECAST 2019-2027

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.

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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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  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. 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
  1. 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
  1. MARKET BY COMPONENT
    • HARDWARE
    • SOFTWARE
    • SERVICES
  2. 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)
  3. MARKET BY END USER
    • AUTOMOTIVE
    • AEROSPACE & DEFENSE
    • CHEMICALS & MATERIALS
    • HEALTHCARE
    • INDUSTRIAL EQUIPMENT
    • ELECTRONICS
    • FOOD & AGRICULTURE
    • OIL & GAS
    • OTHERS
  4. 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
  5. GEOGRAPHICAL ANALYSIS
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • ITALY
      • SPAIN
      • RUSSIA
      • ROE (REST OF EUROPE)
  1. 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

 

TABLE LIST

TABLE 1       EUROPE SMART MANUFACTURING MARKET, BY COUNTRY, 2019-2027, (IN $ BILLION)

TABLE 2       EUROPE SMART MANUFACTURING MARKET, BY COMPONENT, 2019-2027, (IN $ BILLION)

TABLE 3       EUROPE SMART MANUFACTURING MARKET, BY TECHNOLOGY, 2019-2027, (IN $ BILLION)

TABLE 4       EUROPE SMART MANUFACTURING MARKET, BY END USER, 2019-2027, (IN $ BILLION)

TABLE 5       OPPORTUNITY MATRIX

TABLE 6       VENDOR LANDSCAPE

TABLE 7       EUROPE SMART MANUFACTURING MARKET, BY COUNTRY, 2019-2027 (IN $ BILLION)

FIGURE LIST 

FIGURE 1     EUROPE SMART MANUFACTURING MARKET SHARE, BY END USER, 2018 & 2027 (%)

FIGURE 2     SOFTWARE COMPONENT OF SMART MANUFACTURING MARKET, 2019 – 2027 (IN $ BILLION)

FIGURE 3     3D PRINTING FOR SMART MANUFACTURING MARKET, 2019 – 2027 (IN $ BILLION)

FIGURE 4     AUTOMOTIVE SMART MANUFACTURING MARKET ($ BILLION)

FIGURE 5     EUROPE SMART MANUFACTURING MARKET, BY DCS, 2019-2027, (IN $ BILLION)

FIGURE 6     EUROPE SMART MANUFACTURING MARKET, BY HMI, 2019-2027, (IN $ BILLION)

FIGURE 7     EUROPE SMART MANUFACTURING MARKET, BY MACHINE VISION, 2019-2027, (IN $ BILLION)

FIGURE 8     EUROPE SMART MANUFACTURING MARKET, BY 3D PRINTING, 2019-2027, (IN $ BILLION)

FIGURE 9     EUROPE SMART MANUFACTURING MARKET, BY PLM, 2019-2027, (IN $ BILLION)

FIGURE 10   EUROPE SMART MANUFACTURING MARKET, BY PAM, 2019-2027, (IN $ BILLION)

FIGURE 11   EUROPE SMART MANUFACTURING MARKET, BY AUTOMOTIVE SECTOR, 2019-2027, (IN $ BILLION)

FIGURE 12   EUROPE SMART MANUFACTURING MARKET, BY AEROSPACE & DEFENSE SECTOR, 2019-2027, (IN $ BILLION)

FIGURE 13   EUROPE SMART MANUFACTURING MARKET, BY CHEMICALS & MATERIALS SECTOR, 2019-2027, (IN $ BILLION)

FIGURE 14   EUROPE SMART MANUFACTURING MARKET, BY HEALTHCARE SECTOR, 2019-2027, (IN $ BILLION)

FIGURE 15   EUROPE SMART MANUFACTURING MARKET, BY INDUSTRIAL EQUIPMENT SECTOR, 2019-2027, (IN $ BILLION)

FIGURE 16   EUROPE SMART MANUFACTURING MARKET, BY ELECTRONICS SECTOR, 2019-2027, (IN $ BILLION)

FIGURE 17   EUROPE SMART MANUFACTURING MARKET, BY FOOD & AGRICULTURE SECTOR, 2019-2027, (IN $ BILLION)

FIGURE 18   EUROPE SMART MANUFACTURING MARKET, BY OIL & GAS SECTOR, 2019-2027, (IN $ BILLION)

FIGURE 19   EUROPE SMART MANUFACTURING MARKET, BY OTHER SECTOR, 2019-2027, (IN $ BILLION)

FIGURE 20   PORTER’S FIVE FORCE MODEL

FIGURE 21   EUROPE SMART MANUFACTURING MARKET, REGIONAL OUTLOOK, 2018 & 2027, (%)

FIGURE 22   UNITED KINGDOM SMART MANUFACTURING MARKET, 2019-2027 (IN $ BILLION)

FIGURE 23   GERMANY SMART MANUFACTURING MARKET, 2019-2027 (IN $ BILLION)

FIGURE 24   FRANCE SMART MANUFACTURING MARKET, 2019-2027 (IN $ BILLION)

FIGURE 25   ITALY SMART MANUFACTURING MARKET, 2019-2027 (IN $ BILLION)

FIGURE 29   SPAIN SMART MANUFACTURING MARKET, 2019-2027 (IN $ BILLION)

FIGURE 30   RUSSIA SMART MANUFACTURING MARKET, 2019-2027 (IN $ BILLION)

FIGURE 31   ROE SMART MANUFACTURING MARKET, 2019-2027 (IN $ BILLION)

  1. GEOGRAPHICAL ANALYSIS
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • ITALY
      • SPAIN
      • RUSSIA
      • ROE (REST OF EUROPE)
  1. MARKET BY COMPONENT
    • HARDWARE
    • SOFTWARE
    • SERVICES
  2. 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)
  3. MARKET BY END USER
    • AUTOMOTIVE
    • AEROSPACE & DEFENSE
    • CHEMICALS & MATERIALS
    • HEALTHCARE
    • INDUSTRIAL EQUIPMENT
    • ELECTRONICS
    • FOOD & AGRICULTURE
    • OIL & GAS
    • OTHERS

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