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Europe Smart Manufacturing Market Strategic Roadmap: Analysis and Forecasts 2024-2032

Europe Smart Manufacturing Market by Component (Solution, Services), by Deployment (Cloud, On-Premises), by Enterprise Size (Large Enterprises, Small & Medium Enterprises), by Industry (Discrete Industry, Process Industry), by Forecast 2024-2032

Oct 15 2024
Base Year: 2023
120 Pages
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Europe Smart Manufacturing Market Strategic Roadmap: Analysis and Forecasts 2024-2032

Key Insights

The Europe Smart Manufacturing Market size was valued at USD 277.81 USD Billion in 2023 and is projected to reach USD 633.60 USD Billion by 2032, exhibiting a CAGR of 12.5 % during the forecast period. Smart Manufacturing is the use of advanced technologies such as the Internet of Things (IoT), Artificial Intelligence (AI) and data analytics to enable the manufacturing process to run more efficiently which in turn increases productivity. This technique encompasses a variety of types such as predictive maintenance, industrial automation, and digital twins which are designed for different industries in mechanical, electrical, and bioengineering sectors. The main components of Smart Manufacturing can be summarized through real-time monitoring, predicted analytics, and interconnected systems that support fluid communication between machines and humans. It covers a range of industries including automotive, aerospace and electronics comprising such elements of agile production and optimized resource consumption. Valorizations include all of the following: high rate of efficiency, low downtime, and cost savings through predictive maintenance and optimized workflows. European Union Smart Manufacturing embracement simplifies the market competition, the drive for innovations, and the quest to respond to evolving customer demands all of which be accomplished amid the sustainability goals through the efficient resource utilization.

Europe Smart Manufacturing Market Research Report - Market Size, Growth & Forecast

Europe Smart Manufacturing Trends

  • Growing adoption of Industry 4.0 technologies
  • Increasing focus on productivity and efficiency
  • Need for real-time data insights
  • Rise of predictive maintenance

Driving Forces: What's Propelling the Europe Smart Manufacturing Market

  • Government initiatives and support for Industry 4.0 adoption, such as the European Union's Digital Europe Programme
  • Increasing awareness of the benefits of smart manufacturing, including improved productivity, efficiency, and reduced costs
  • Technological advancements in automation, robotics, and IoT, such as the development of collaborative robots and self-driving vehicles
  • Rising demand for customized products and services, which requires smart manufacturing systems that can adapt to changing customer needs.

Challenges and Restraints in the Europe Smart Manufacturing Market

  • Lack of skilled workforce
  • High implementation costs
  • Integration challenges
  • Security concerns

Emerging Trends in Europe Smart Manufacturing

  • Digital twin technology
  • Blockchain for supply chain management
  • Artificial intelligence (AI) and machine learning (ML) for predictive analytics
  • Collaborative robots

Growth Catalysts in Europe's Smart Manufacturing Industry

Europe Smart Manufacturing Market Growth
  • Rising demand for customized products
  • Increasing competition in the manufacturing sector
  • Government incentives and funding

Market Segmentation: Europe Smart Manufacturing Analysis

Component:

  • Solution
  • Services

Deployment:

  • Cloud
  • On-premises

Enterprise Size:

  • Large enterprises
  • Small & medium enterprises (SMEs)

Industry:

  • Discrete industry
  • Process industry

Leading Players in the Europe Smart Manufacturing Market

  • Siemens AG (Germany) 
  • Bosch (Germany) 
  • ABB (Switzerland) 
  • Schneider Electric (France) 
  • Dassault Systèmes (France) 
  • Festo (Germany) 
  • SAP (Germany) 
  • Blue Prism (U.K.) 
  • TXT e-solutions (Italy) 
  • ICONICS (U.K.) 

Significant Developments in Europe Smart Manufacturing Sector

  • Collaboration between key industry players such as Siemens, Bosch, and ABB to develop new solutions, such as integrated automation systems and predictive maintenance tools
  • Government programs to support research and innovation, such as the Horizon Europe program, which provides funding for smart manufacturing projects
  • Acquisition of smaller companies by larger players to expand market share, such as Schneider Electric's acquisition of AVEVA and Siemens' acquisition of Mendix
  • Emergence of startups and scale-ups developing innovative smart manufacturing solutions, such as AI-powered quality control systems and digital twins

Comprehensive Coverage Europe Smart Manufacturing Market Report

The report provides a comprehensive analysis of the Europe smart manufacturing market, including:

  • Market size and growth rate, segmented by regions, industry verticals, and technology types
  • Market drivers and challenges, including government policies, technological advancements, and competitive dynamics
  • Industry segmentation and trends, exploring various industry verticals such as automotive, aerospace, and food & beverage
  • Competitive landscape and market share analysis, profiling key players and their competitive strategies
  • Emerging technologies and growth opportunities, examining the impact of AI, cloud computing, and 5G on smart manufacturing
  • Regional analysis of the market, covering key countries and their market dynamics
  • Future outlook and market projections

Regional Insight

Europe Smart Manufacturing Market Regional Share

The report offers a granular analysis of the European smart manufacturing market across key regions, including:

  • Germany
  • France
  • U.K.
  • Italy
  • Spain

Europe Smart Manufacturing Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 12.5% from 2018-2032
Segmentation
    • By Component
      • Solution
      • Services
    • By Deployment
      • Cloud
      • On-Premises
    • By Enterprise Size
      • Large Enterprises
      • Small & Medium Enterprises
    • By Industry
      • Discrete Industry
      • Process Industry
  • By Geography

Frequently Asked Questions

Table Of Content
  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1. Rising Demand from the Automotive and Construction Sectors to Aid Market Growth
      • 3.3. Market Restrains
      • 3.4. Market Trends
        • 3.4.1. Technological Advancement in Equipment to Propel Market Growth
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. Europe Smart Manufacturing Market Analysis, Insights and Forecast, 2018-2030
    • 5.1. Market Analysis, Insights and Forecast - by Component
      • 5.1.1. Solution
      • 5.1.2. Services
    • 5.2. Market Analysis, Insights and Forecast - by Deployment
      • 5.2.1. Cloud
      • 5.2.2. On-Premises
    • 5.3. Market Analysis, Insights and Forecast - by Enterprise Size
      • 5.3.1. Large Enterprises
      • 5.3.2. Small & Medium Enterprises
    • 5.4. Market Analysis, Insights and Forecast - by Industry
      • 5.4.1. Discrete Industry
      • 5.4.2. Process Industry
    • 5.5. Market Analysis, Insights and Forecast - by Region
      • 5.5.1.
  6. 6. Germany Europe Smart Manufacturing Market Analysis, Insights and Forecast, 2018-2030
      • 6.1. Market Analysis, Insights and Forecast - By Component
        • 6.1.1. Solution and Services
      • 6.2. Market Analysis, Insights and Forecast - By Deployment
        • 6.2.1. Cloud and On-Premises
      • 6.3. Market Analysis, Insights and Forecast - By Enterprise Size
        • 6.3.1. Large Enterprises and Small & Medium Enterprises
      • 6.4. Market Analysis, Insights and Forecast - By Industry
        • 6.4.1. Discrete Industry and Process Industry
  7. 7. France Europe Smart Manufacturing Market Analysis, Insights and Forecast, 2018-2030
      • 7.1. Market Analysis, Insights and Forecast - By Component
        • 7.1.1. Solution and Services
      • 7.2. Market Analysis, Insights and Forecast - By Deployment
        • 7.2.1. Cloud and On-Premises
      • 7.3. Market Analysis, Insights and Forecast - By Enterprise Size
        • 7.3.1. Large Enterprises and Small & Medium Enterprises
      • 7.4. Market Analysis, Insights and Forecast - By Industry
        • 7.4.1. Discrete Industry and Process Industry
  8. 8. Italy Europe Smart Manufacturing Market Analysis, Insights and Forecast, 2018-2030
      • 8.1. Market Analysis, Insights and Forecast - By Component
        • 8.1.1. Solution and Services
      • 8.2. Market Analysis, Insights and Forecast - By Deployment
        • 8.2.1. Cloud and On-Premises
      • 8.3. Market Analysis, Insights and Forecast - By Enterprise Size
        • 8.3.1. Large Enterprises and Small & Medium Enterprises
      • 8.4. Market Analysis, Insights and Forecast - By Industry
        • 8.4.1. Discrete Industry and Process Industry
  9. 9. United Kingdom Europe Smart Manufacturing Market Analysis, Insights and Forecast, 2018-2030
      • 9.1. Market Analysis, Insights and Forecast - By Component
        • 9.1.1. Solution and Services
      • 9.2. Market Analysis, Insights and Forecast - By Deployment
        • 9.2.1. Cloud and On-Premises
      • 9.3. Market Analysis, Insights and Forecast - By Enterprise Size
        • 9.3.1. Large Enterprises and Small & Medium Enterprises
      • 9.4. Market Analysis, Insights and Forecast - By Industry
        • 9.4.1. Discrete Industry and Process Industry
  10. 10. Netherlands Europe Smart Manufacturing Market Analysis, Insights and Forecast, 2018-2030
      • 10.1. Market Analysis, Insights and Forecast - By Component
        • 10.1.1. Solution and Services
      • 10.2. Market Analysis, Insights and Forecast - By Deployment
        • 10.2.1. Cloud and On-Premises
      • 10.3. Market Analysis, Insights and Forecast - By Enterprise Size
        • 10.3.1. Large Enterprises and Small & Medium Enterprises
      • 10.4. Market Analysis, Insights and Forecast - By Industry
        • 10.4.1. Discrete Industry and Process Industry
  11. 11. Rest of Europe Europe Smart Manufacturing Market Analysis, Insights and Forecast, 2018-2030
      • 11.1. Market Analysis, Insights and Forecast - By Component
        • 11.1.1. Solution and Services
      • 11.2. Market Analysis, Insights and Forecast - By Deployment
        • 11.2.1. Cloud and On-Premises
      • 11.3. Market Analysis, Insights and Forecast - By Enterprise Size
        • 11.3.1. Large Enterprises and Small & Medium Enterprises
      • 11.4. Market Analysis, Insights and Forecast - By Industry
        • 11.4.1. Discrete Industry and Process Industry
  12. 12. Competitive Analysis
    • 12.1. Market Share Analysis 2023
      • 12.2. Company Profiles
        • 12.2.1 Siemens AG (Germany)
          • 12.2.1.1. Overview
          • 12.2.1.2. Products
          • 12.2.1.3. SWOT Analysis
          • 12.2.1.4. Recent Developments
          • 12.2.1.5. Financials (Based on Availability)
        • 12.2.2 Bosch (Germany)
          • 12.2.2.1. Overview
          • 12.2.2.2. Products
          • 12.2.2.3. SWOT Analysis
          • 12.2.2.4. Recent Developments
          • 12.2.2.5. Financials (Based on Availability)
        • 12.2.3 ABB (Switzerland)
          • 12.2.3.1. Overview
          • 12.2.3.2. Products
          • 12.2.3.3. SWOT Analysis
          • 12.2.3.4. Recent Developments
          • 12.2.3.5. Financials (Based on Availability)
        • 12.2.4 Schneider Electric (France)
          • 12.2.4.1. Overview
          • 12.2.4.2. Products
          • 12.2.4.3. SWOT Analysis
          • 12.2.4.4. Recent Developments
          • 12.2.4.5. Financials (Based on Availability)
        • 12.2.5 Dassault Systemes (France)
          • 12.2.5.1. Overview
          • 12.2.5.2. Products
          • 12.2.5.3. SWOT Analysis
          • 12.2.5.4. Recent Developments
          • 12.2.5.5. Financials (Based on Availability)
        • 12.2.6 Festo (German)
          • 12.2.6.1. Overview
          • 12.2.6.2. Products
          • 12.2.6.3. SWOT Analysis
          • 12.2.6.4. Recent Developments
          • 12.2.6.5. Financials (Based on Availability)
        • 12.2.7 SAP (Germany)
          • 12.2.7.1. Overview
          • 12.2.7.2. Products
          • 12.2.7.3. SWOT Analysis
          • 12.2.7.4. Recent Developments
          • 12.2.7.5. Financials (Based on Availability)
        • 12.2.8 Blue Prism (U.K.)
          • 12.2.8.1. Overview
          • 12.2.8.2. Products
          • 12.2.8.3. SWOT Analysis
          • 12.2.8.4. Recent Developments
          • 12.2.8.5. Financials (Based on Availability)
        • 12.2.9 TXT e-solutions (Italy)
          • 12.2.9.1. Overview
          • 12.2.9.2. Products
          • 12.2.9.3. SWOT Analysis
          • 12.2.9.4. Recent Developments
          • 12.2.9.5. Financials (Based on Availability)
        • 12.2.10 ICONICS (U.K.)
          • 12.2.10.1. Overview
          • 12.2.10.2. Products
          • 12.2.10.3. SWOT Analysis
          • 12.2.10.4. Recent Developments
          • 12.2.10.5. Financials (Based on Availability)
List of Figures
  1. Figure 1: Europe Smart Manufacturing Market Revenue Breakdown (USD Billion, %) by Product 2023 & 2031
  2. Figure 2: Europe Smart Manufacturing Market Value Share (%), by Component 2023 & 2031
  3. Figure 3: Europe Smart Manufacturing Market Value Share (%), by Deployment 2023 & 2031
  4. Figure 4: Europe Smart Manufacturing Market Value Share (%), by Enterprise Size 2023 & 2031
  5. Figure 5: Europe Smart Manufacturing Market Value Share (%), by Industry 2023 & 2031
  6. Figure 6: Europe Smart Manufacturing Market Share (%) by Company 2023
List of Tables
  1. Table 1: Europe Smart Manufacturing Market Revenue USD Billion Forecast, by Component 2018 & 2031
  2. Table 2: Europe Smart Manufacturing Market Revenue USD Billion Forecast, by Deployment 2018 & 2031
  3. Table 3: Europe Smart Manufacturing Market Revenue USD Billion Forecast, by Enterprise Size 2018 & 2031
  4. Table 4: Europe Smart Manufacturing Market Revenue USD Billion Forecast, by Industry 2018 & 2031
  5. Table 5: Europe Smart Manufacturing Market Revenue USD Billion Forecast, by Region 2018 & 2031
  6. Table 6: Europe Smart Manufacturing Market Revenue USD Billion Forecast, by Component 2018 & 2031
  7. Table 7: Europe Smart Manufacturing Market Revenue USD Billion Forecast, by Deployment 2018 & 2031
  8. Table 8: Europe Smart Manufacturing Market Revenue USD Billion Forecast, by Enterprise Size 2018 & 2031
  9. Table 9: Europe Smart Manufacturing Market Revenue USD Billion Forecast, by Industry 2018 & 2031
  10. Table 10: Europe Smart Manufacturing Market Revenue USD Billion Forecast, by Region 2018 & 2031
  11. Table 11: Europe Smart Manufacturing Market Revenue USD Billion Forecast, by Component 2018 & 2031
  12. Table 12: Europe Smart Manufacturing Market Revenue USD Billion Forecast, by Deployment 2018 & 2031
  13. Table 13: Europe Smart Manufacturing Market Revenue USD Billion Forecast, by Enterprise Size 2018 & 2031
  14. Table 14: Europe Smart Manufacturing Market Revenue USD Billion Forecast, by Industry 2018 & 2031
  15. Table 15: Europe Smart Manufacturing Market Revenue USD Billion Forecast, by Country 2018 & 2031
  16. Table 16: Germany Europe Smart Manufacturing Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  17. Table 17: France Europe Smart Manufacturing Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  18. Table 18: Italy Europe Smart Manufacturing Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  19. Table 19: United Kingdom Europe Smart Manufacturing Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  20. Table 20: Netherlands Europe Smart Manufacturing Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  21. Table 21: Rest of Europe Europe Smart Manufacturing Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
  22. Table 22: Europe Smart Manufacturing Market Revenue USD Billion Forecast, by Component 2018 & 2031
  23. Table 23: Europe Smart Manufacturing Market Revenue USD Billion Forecast, by Deployment 2018 & 2031
  24. Table 24: Europe Smart Manufacturing Market Revenue USD Billion Forecast, by Enterprise Size 2018 & 2031
  25. Table 25: Europe Smart Manufacturing Market Revenue USD Billion Forecast, by Industry 2018 & 2031
  26. Table 26: Europe Smart Manufacturing Market Revenue USD Billion Forecast, by Country 2018 & 2031
AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 12.5% from 2018-2032
Segmentation
    • By Component
      • Solution
      • Services
    • By Deployment
      • Cloud
      • On-Premises
    • By Enterprise Size
      • Large Enterprises
      • Small & Medium Enterprises
    • By Industry
      • Discrete Industry
      • Process Industry
  • By Geography

STEP 1 - Identification of Relevant Samples Size from Population Database

Step Chart
bar chart
method chart

STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

approach chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.

Note* : In applicable scenarios

STEP 3 - Data Sources

Primary Research

  • Web Analytics
  • Survey Reports
  • Research Institute
  • Latest Research Reports
  • Opinion Leaders

Secondary Research

  • Annual Reports
  • White Paper
  • Latest Press Release
  • Industry Association
  • Paid Database
  • Investor Presentations
approach chart

STEP 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.
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