The Europe Smart Manufacturing Market would witness market growth of 11.7% CAGR during the forecast period (2023-2029).
Robotics, machine learning (ML), and artificial intelligence (AI) are examples of smart manufacturing technologies that enable automation, which lowers the demand for manual labor and boosts production effectiveness. Robots, for instance, can quickly and accurately do repetitive jobs, while machine learning and artificial intelligence can optimize manufacturing processes by analyzing data and spotting potential improvement areas. The rising adoption of Industry 4.0, the increasing emphasis on automation, the growing complexity of the supply chain, and the increasing need for software systems that cut down on time and costs are the main factors driving the market.
With the advent of digitalization, production is supported by digital twins, a potent smart manufacturing technology. Before an actual model is built, a digital twin is made, a virtual version of the same product or system. Before incurring high production expenses, producers can test, simulate, and iterate on a product's design in this virtual environment to determine feasibility.
The manufacturing sector is undergoing a "Fourth Industrial Revolution," or "Industry 4.0," due to new smart and digital technologies boosting business operations. The EU-funded MAKERS project brings together a variety of European and international organizations to research issues that impact competitiveness, including emerging technologies, globalization, regional smart specialization, and the role of small businesses, among others. In 2020, more than 2.0 million businesses, or about one in ten (8.8%) of all those in the non-financial business economy of the EU, were categorized as manufacturing.
The creation of smart technologies and solutions that allow the European manufacturing sector to fully take advantage of digital potential has received strong support from the European Union's R&I (research and innovation) programs. The "Factories of the Future Public-Private Partnership," which seeks to assist EU manufacturing firms and SMEs in meeting international competitiveness by creating the necessary core enabling technologies across a wide variety of end-user industries, is the source of funding for numerous initiatives. As a result, the prominent and continually expanding manufacturing industry of this region is rapidly increasing the implementation of smart manufacturing, which will continue in the coming years as well.
The Germany market dominated the Europe Smart Manufacturing Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $36,481.3 million by 2029. The UK market is showcasing a CAGR of 10.8% during (2023 - 2029). Additionally, The France market would exhibit a CAGR of 12.5% during (2023 - 2029).
Based on Application, the market is segmented into Product Lifecycle Management, Machine Execution System, Programmable Logic Controller (PLC), Supervisory Control and Data Acquisition (SCADA), Machine Vision & Machine Condition Monitoring, Human-Machine Interface (HMI), Discrete Control Systems, 3D Printing, Plant Asset Management, Enterprise Resource Planning and Others. Based on Component, the market is segmented into Hardware, Software and Services. Based on Industry, the market is segmented into Automotive, Chemical & Petrochemical, Electrical & Electronics, Food & Agriculture, Healthcare, Industrial Equipment, Aerospace & Defense and Oil & Gas, & Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Smart Manufacturing Market is Projected to reach USD 576.3 Billion by 2029, at a CAGR of 12.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Ltd, Siemens AG, General Electric Company, Rockwell Automation, Inc., Schneider Electric SE, Honeywell International, Inc., Emerson Electric Co., FANUC Corporation, IBM Corporation, and Stratasys, Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Product Lifecycle Management
- Machine Execution System
- Programmable Logic Controller (PLC)
- Supervisory Control and Data Acquisition (SCADA)
- Machine Vision & Machine Condition Monitoring
- Human-Machine Interface (HMI)
- Discrete Control Systems
- 3D Printing
- Plant Asset Management
- Enterprise Resource Planning
- Others
By Component
By Industry
- Automotive
- Chemical & Petrochemical
- Electrical & Electronics
- Food & Agriculture
- Healthcare
- Industrial Equipment
- Aerospace & Defense
- Oil & Gas, & Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- ABB Ltd
- Siemens AG
- General Electric Company
- Rockwell Automation, Inc.
- Schneider Electric SE
- Honeywell International, Inc.
- Emerson Electric Co.
- FANUC Corporation
- IBM Corporation
- Stratasys, Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Smart Manufacturing Market, by Application
1.4.2 Europe Smart Manufacturing Market, by Component
1.4.3 Europe Smart Manufacturing Market, by Industry
1.4.4 Europe Smart Manufacturing Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements : 2019, Apr – 2022, Nov) Leading Players
Chapter 4. Europe Smart Manufacturing Market by Application
4.1 Europe Product Lifecycle Management Market by Country
4.2 Europe Machine Execution System Market by Country
4.3 Europe Programmable Logic Controller (PLC) Market by Country
4.4 Europe Supervisory Control and Data Acquisition (SCADA) Market by Country
4.5 Europe Machine Vision & Machine Condition Monitoring Market by Country
4.6 Europe Human-Machine Interface (HMI) Market by Country
4.7 Europe Discrete Control Systems Market by Country
4.8 Europe 3D Printing Market by Country
4.9 Europe Plant Asset Management Market by Country
4.1 Europe Enterprise Resource Planning Market by Country
4.11 Europe Others Market by Country
Chapter 5. Europe Smart Manufacturing Market by Component
5.1 Europe Hardware Market by Country
5.2 Europe Software Market by Country
5.3 Europe Services Market by Country
Chapter 6. Europe Smart Manufacturing Market by Industry
6.1 Europe Automotive Market by Country
6.2 Europe Chemical & Petrochemical Market by Country
6.3 Europe Electrical & Electronics Market by Country
6.4 Europe Food & Agriculture Market by Country
6.5 Europe Healthcare Market by Country
6.6 Europe Industrial Equipment Market by Country
6.7 Europe Aerospace & Defense Market by Country
6.8 Europe Oil & Gas, & Others Market by Country
Chapter 7. Europe Smart Manufacturing Market by Country
7.1 Germany Smart Manufacturing Market
7.1.1 Germany Smart Manufacturing Market by Application
7.1.2 Germany Smart Manufacturing Market by Component
7.1.3 Germany Smart Manufacturing Market by Industry
7.2 UK Smart Manufacturing Market
7.2.1 UK Smart Manufacturing Market by Application
7.2.2 UK Smart Manufacturing Market by Component
7.2.3 UK Smart Manufacturing Market by Industry
7.3 France Smart Manufacturing Market
7.3.1 France Smart Manufacturing Market by Application
7.3.2 France Smart Manufacturing Market by Component
7.3.3 France Smart Manufacturing Market by Industry
7.4 Russia Smart Manufacturing Market
7.4.1 Russia Smart Manufacturing Market by Application
7.4.2 Russia Smart Manufacturing Market by Component
7.4.3 Russia Smart Manufacturing Market by Industry
7.5 Spain Smart Manufacturing Market
7.5.1 Spain Smart Manufacturing Market by Application
7.5.2 Spain Smart Manufacturing Market by Component
7.5.3 Spain Smart Manufacturing Market by Industry
7.6 Italy Smart Manufacturing Market
7.6.1 Italy Smart Manufacturing Market by Application
7.6.2 Italy Smart Manufacturing Market by Component
7.6.3 Italy Smart Manufacturing Market by Industry
7.7 Rest of Europe Smart Manufacturing Market
7.7.1 Rest of Europe Smart Manufacturing Market by Application
7.7.2 Rest of Europe Smart Manufacturing Market by Component
7.7.3 Rest of Europe Smart Manufacturing Market by Industry
Chapter 8. Company Profiles
8.1 Honeywell International, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Product Launches and Product Expansions:
8.1.5.3 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 Rockwell Automation, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Acquisition and Mergers:
8.2.6 SWOT Analysis
8.3 ABB Ltd
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Geographical Expansions:
8.3.6 SWOT Analysis
8.4 Siemens AG
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.6 SWOT Analysis
8.5 General Electric Company
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 SWOT Analysis
8.6 Schneider Electric SE
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Geographical Expansions:
8.6.6 SWOT Analysis
8.7 IBM Corporation
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional & Segmental Analysis
8.7.4 Research & Development Expenses
8.7.5 SWOT Analysis
8.8 Emerson Electric Co.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.8.5 Recent strategies and developments:
8.8.5.1 Acquisition and Mergers:
8.9 FANUC Corporation
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional Analysis
8.9.4 Research & Development Expense
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.10. Stratasys, Ltd.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Regional Analysis
8.10.4 Research & Development Expenses
TABLE 1 Europe Smart Manufacturing Market, 2019 - 2022, USD Million
TABLE 2 Europe Smart Manufacturing Market, 2023 - 2029, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Smart Manufacturing Market
TABLE 4 Product Launches And Product Expansions– Smart Manufacturing Market
TABLE 5 Acquisition and Mergers– Smart Manufacturing Market
TABLE 6 geographical expansions – Smart Manufacturing Market
TABLE 7 Europe Smart Manufacturing Market by Application, 2019 - 2022, USD Million
TABLE 8 Europe Smart Manufacturing Market by Application, 2023 - 2029, USD Million
TABLE 9 Europe Product Lifecycle Management Market by Country, 2019 - 2022, USD Million
TABLE 10 Europe Product Lifecycle Management Market by Country, 2023 - 2029, USD Million
TABLE 11 Europe Machine Execution System Market by Country, 2019 - 2022, USD Million
TABLE 12 Europe Machine Execution System Market by Country, 2023 - 2029, USD Million
TABLE 13 Europe Programmable Logic Controller (PLC) Market by Country, 2019 - 2022, USD Million
TABLE 14 Europe Programmable Logic Controller (PLC) Market by Country, 2023 - 2029, USD Million
TABLE 15 Europe Supervisory Control and Data Acquisition (SCADA) Market by Country, 2019 - 2022, USD Million
TABLE 16 Europe Supervisory Control and Data Acquisition (SCADA) Market by Country, 2023 - 2029, USD Million
TABLE 17 Europe Machine Vision & Machine Condition Monitoring Market by Country, 2019 - 2022, USD Million
TABLE 18 Europe Machine Vision & Machine Condition Monitoring Market by Country, 2023 - 2029, USD Million
TABLE 19 Europe Human-Machine Interface (HMI) Market by Country, 2019 - 2022, USD Million
TABLE 20 Europe Human-Machine Interface (HMI) Market by Country, 2023 - 2029, USD Million
TABLE 21 Europe Discrete Control Systems Market by Country, 2019 - 2022, USD Million
TABLE 22 Europe Discrete Control Systems Market by Country, 2023 - 2029, USD Million
TABLE 23 Europe 3D Printing Market by Country, 2019 - 2022, USD Million
TABLE 24 Europe 3D Printing Market by Country, 2023 - 2029, USD Million
TABLE 25 Europe Plant Asset Management Market by Country, 2019 - 2022, USD Million
TABLE 26 Europe Plant Asset Management Market by Country, 2023 - 2029, USD Million
TABLE 27 Europe Enterprise Resource Planning Market by Country, 2019 - 2022, USD Million
TABLE 28 Europe Enterprise Resource Planning Market by Country, 2023 - 2029, USD Million
TABLE 29 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 30 Europe Others Market by Country, 2023 - 2029, USD Million
TABLE 31 Europe Smart Manufacturing Market by Component, 2019 - 2022, USD Million
TABLE 32 Europe Smart Manufacturing Market by Component, 2023 - 2029, USD Million
TABLE 33 Europe Hardware Market by Country, 2019 - 2022, USD Million
TABLE 34 Europe Hardware Market by Country, 2023 - 2029, USD Million
TABLE 35 Europe Software Market by Country, 2019 - 2022, USD Million
TABLE 36 Europe Software Market by Country, 2023 - 2029, USD Million
TABLE 37 Europe Services Market by Country, 2019 - 2022, USD Million
TABLE 38 Europe Services Market by Country, 2023 - 2029, USD Million
TABLE 39 Europe Smart Manufacturing Market by Industry, 2019 - 2022, USD Million
TABLE 40 Europe Smart Manufacturing Market by Industry, 2023 - 2029, USD Million
TABLE 41 Europe Automotive Market by Country, 2019 - 2022, USD Million
TABLE 42 Europe Automotive Market by Country, 2023 - 2029, USD Million
TABLE 43 Europe Chemical & Petrochemical Market by Country, 2019 - 2022, USD Million
TABLE 44 Europe Chemical & Petrochemical Market by Country, 2023 - 2029, USD Million
TABLE 45 Europe Electrical & Electronics Market by Country, 2019 - 2022, USD Million
TABLE 46 Europe Electrical & Electronics Market by Country, 2023 - 2029, USD Million
TABLE 47 Europe Food & Agriculture Market by Country, 2019 - 2022, USD Million
TABLE 48 Europe Food & Agriculture Market by Country, 2023 - 2029, USD Million
TABLE 49 Europe Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 50 Europe Healthcare Market by Country, 2023 - 2029, USD Million
TABLE 51 Europe Industrial Equipment Market by Country, 2019 - 2022, USD Million
TABLE 52 Europe Industrial Equipment Market by Country, 2023 - 2029, USD Million
TABLE 53 Europe Aerospace & Defense Market by Country, 2019 - 2022, USD Million
TABLE 54 Europe Aerospace & Defense Market by Country, 2023 - 2029, USD Million
TABLE 55 Europe Oil & Gas, & Others Market by Country, 2019 - 2022, USD Million
TABLE 56 Europe Oil & Gas, & Others Market by Country, 2023 - 2029, USD Million
TABLE 57 Europe Smart Manufacturing Market by Country, 2019 - 2022, USD Million
TABLE 58 Europe Smart Manufacturing Market by Country, 2023 - 2029, USD Million
TABLE 59 Germany Smart Manufacturing Market, 2019 - 2022, USD Million
TABLE 60 Germany Smart Manufacturing Market, 2023 - 2029, USD Million
TABLE 61 Germany Smart Manufacturing Market by Application, 2019 - 2022, USD Million
TABLE 62 Germany Smart Manufacturing Market by Application, 2023 - 2029, USD Million
TABLE 63 Germany Smart Manufacturing Market by Component, 2019 - 2022, USD Million
TABLE 64 Germany Smart Manufacturing Market by Component, 2023 - 2029, USD Million
TABLE 65 Germany Smart Manufacturing Market by Industry, 2019 - 2022, USD Million
TABLE 66 Germany Smart Manufacturing Market by Industry, 2023 - 2029, USD Million
TABLE 67 UK Smart Manufacturing Market, 2019 - 2022, USD Million
TABLE 68 UK Smart Manufacturing Market, 2023 - 2029, USD Million
TABLE 69 UK Smart Manufacturing Market by Application, 2019 - 2022, USD Million
TABLE 70 UK Smart Manufacturing Market by Application, 2023 - 2029, USD Million
TABLE 71 UK Smart Manufacturing Market by Component, 2019 - 2022, USD Million
TABLE 72 UK Smart Manufacturing Market by Component, 2023 - 2029, USD Million
TABLE 73 UK Smart Manufacturing Market by Industry, 2019 - 2022, USD Million
TABLE 74 UK Smart Manufacturing Market by Industry, 2023 - 2029, USD Million
TABLE 75 France Smart Manufacturing Market, 2019 - 2022, USD Million
TABLE 76 France Smart Manufacturing Market, 2023 - 2029, USD Million
TABLE 77 France Smart Manufacturing Market by Application, 2019 - 2022, USD Million
TABLE 78 France Smart Manufacturing Market by Application, 2023 - 2029, USD Million
TABLE 79 France Smart Manufacturing Market by Component, 2019 - 2022, USD Million
TABLE 80 France Smart Manufacturing Market by Component, 2023 - 2029, USD Million
TABLE 81 France Smart Manufacturing Market by Industry, 2019 - 2022, USD Million
TABLE 82 France Smart Manufacturing Market by Industry, 2023 - 2029, USD Million
TABLE 83 Russia Smart Manufacturing Market, 2019 - 2022, USD Million
TABLE 84 Russia Smart Manufacturing Market, 2023 - 2029, USD Million
TABLE 85 Russia Smart Manufacturing Market by Application, 2019 - 2022, USD Million
TABLE 86 Russia Smart Manufacturing Market by Application, 2023 - 2029, USD Million
TABLE 87 Russia Smart Manufacturing Market by Component, 2019 - 2022, USD Million
TABLE 88 Russia Smart Manufacturing Market by Component, 2023 - 2029, USD Million
TABLE 89 Russia Smart Manufacturing Market by Industry, 2019 - 2022, USD Million
TABLE 90 Russia Smart Manufacturing Market by Industry, 2023 - 2029, USD Million
TABLE 91 Spain Smart Manufacturing Market, 2019 - 2022, USD Million
TABLE 92 Spain Smart Manufacturing Market, 2023 - 2029, USD Million
TABLE 93 Spain Smart Manufacturing Market by Application, 2019 - 2022, USD Million
TABLE 94 Spain Smart Manufacturing Market by Application, 2023 - 2029, USD Million
TABLE 95 Spain Smart Manufacturing Market by Component, 2019 - 2022, USD Million
TABLE 96 Spain Smart Manufacturing Market by Component, 2023 - 2029, USD Million
TABLE 97 Spain Smart Manufacturing Market by Industry, 2019 - 2022, USD Million
TABLE 98 Spain Smart Manufacturing Market by Industry, 2023 - 2029, USD Million
TABLE 99 Italy Smart Manufacturing Market, 2019 - 2022, USD Million
TABLE 100 Italy Smart Manufacturing Market, 2023 - 2029, USD Million
TABLE 101 Italy Smart Manufacturing Market by Application, 2019 - 2022, USD Million
TABLE 102 Italy Smart Manufacturing Market by Application, 2023 - 2029, USD Million
TABLE 103 Italy Smart Manufacturing Market by Component, 2019 - 2022, USD Million
TABLE 104 Italy Smart Manufacturing Market by Component, 2023 - 2029, USD Million
TABLE 105 Italy Smart Manufacturing Market by Industry, 2019 - 2022, USD Million
TABLE 106 Italy Smart Manufacturing Market by Industry, 2023 - 2029, USD Million
TABLE 107 Rest of Europe Smart Manufacturing Market, 2019 - 2022, USD Million
TABLE 108 Rest of Europe Smart Manufacturing Market, 2023 - 2029, USD Million
TABLE 109 Rest of Europe Smart Manufacturing Market by Application, 2019 - 2022, USD Million
TABLE 110 Rest of Europe Smart Manufacturing Market by Application, 2023 - 2029, USD Million
TABLE 111 Rest of Europe Smart Manufacturing Market by Component, 2019 - 2022, USD Million
TABLE 112 Rest of Europe Smart Manufacturing Market by Component, 2023 - 2029, USD Million
TABLE 113 Rest of Europe Smart Manufacturing Market by Industry, 2019 - 2022, USD Million
TABLE 114 Rest of Europe Smart Manufacturing Market by Industry, 2023 - 2029, USD Million
TABLE 115 Key Information – Honeywell International, Inc.
TABLE 116 Key information – Rockwell Automation, Inc.
TABLE 117 Key Information – ABB ltd
TABLE 118 Key Information – Siemens AG
TABLE 119 KEY INFORMATION – General Electric Company
TABLE 120 Key information – Schneider Electric SE
TABLE 121 Key information – IBM Corporation
TABLE 122 Key Information – Emerson Electric Co.
TABLE 123 key information – FANUC Corporation
TABLE 124 key Information – Stratasys, Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 4 Key Strategic Move: (Partnerships, Collaborations and Agreements : 2019, Apr – 2022, Nov) Leading Players
FIG 5 Europe Smart Manufacturing Market Share by Application, 2022
FIG 6 Europe Smart Manufacturing Market Share by Application, 2029
FIG 7 Europe Smart Manufacturing Market by Application, 2019 - 2029, USD Million
FIG 8 Europe Smart Manufacturing Market Share by Component, 2022
FIG 9 Europe Smart Manufacturing Market Share by Component, 2029
FIG 10 Europe Smart Manufacturing Market by Component, 2019 - 2029, USD Million
FIG 11 Europe Smart Manufacturing Market Share by Industry, 2022
FIG 12 Europe Smart Manufacturing Market Share by Industry, 2029
FIG 13 Europe Smart Manufacturing Market by Industry, 2019 - 2029, USD Million
FIG 14 Europe Smart Manufacturing Market Share by Country, 2022
FIG 15 Europe Smart Manufacturing Market Share by Country, 2029
FIG 16 Europe Smart Manufacturing Market by Country, 2019 - 2029, USD Million
FIG 17 Recent strategies and developments: Honeywell International, Inc.
FIG 18 Swot analysis: Honeywell international, inc.
FIG 19 SWOT Analysis: Rockwell Automation, Inc.
FIG 20 SWOT Analysis: ABB Group
FIG 21 Swot analysis: Siemens AG
FIG 22 Swot analysis: General electric (GE) Co.
FIG 23 Swot analysis: Schneider Electric
FIG 24 Swot analysis: IBM Corporation