How big is the Europe Smart Manufacturing Market?

The Europe Smart Manufacturing Market size is expected to reach USD 54.67 billion in 2024 and grow at a CAGR of 4.59% to reach USD 68.42 billion by 2029. Read More

What is the current Europe Smart Manufacturing Market size?

In 2024, the Europe Smart Manufacturing Market size is expected to reach USD 54.67 billion. Read More

Who are the key players in Europe Smart Manufacturing Market?

ABB Ltd, Honeywell UK Ltd., Siemens AG, Rockwell Automation Inc. and Robert Bosch GmbH are the major companies operating in the Europe Smart Manufacturing Market. Read More

What years does this Europe Smart Manufacturing Market cover, and what was the market size in 2023?

In 2023, the Europe Smart Manufacturing Market size was estimated at USD 52.27 billion. The report covers the Europe Smart Manufacturing Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Smart Manufacturing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Europe Smart Manufacturing Market Report | Industry Analysis, Size & Forecast Overview

Europe Smart Manufacturing Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Europe Smart Manufacturing Companies and the Market is segmented by Technology (Programmable Logic Controller (PLC), Supervisory Controller and Data Acquisition (SCADA), Enterprise Resource and Planning (ERP), Distributed Control System (DCS), Human Machine Interface (HMI), Product Lifecycle Management (PLM), Manufacturing Execution System (MES)), Component (Communication Segments, Control Devices, Machine Vision Systems, Robotics, Sensors), End-user Industry (Automotive, Oil and Gas, Chemical and Petrochemical, Pharmaceutical, Food and Beverage, Metals and Mining), and Country (United Kingdom, France, Germany, Russia, Spain, Italy)

Europe Smart Manufacturing Industry Overview

The European smart manufacturing market is moderately fragmented, with a large number of small- and medium-sized manufacturers that account for a major part of the share. These players hold a significant share in the market and focus on expanding their customer base across European countries. These players are leveraging product development, strategic partnerships, and other growth strategies to increase their market shares during the forecast period.

February 2021 - IBM announced that it signed a new digital transformation agreement with Vodafone Portugal. This builds on another regional momentum it recently announced with Telefonica to transform its enterprise offerings to take advantage of hybrid cloud and work with Bouygues Telecom to drive 5G innovation. Not only do these collaborations underscore the deep trust leading that telcos are continuing to place in IBM, but these also come at a crucial point in time for telcos across the EMEA region.
February 2021 - Siemens and IBM extend alliance to IoT for manufacturing. The companies expanded an existing alliance to include deployments of MindSphere, a managed internet of things (IoT) service provided by Siemens, on an instance of the Red Hat OpenShift platform. The goal is to make it simpler to build edge computing applications that process and analyze data as it is being created. Manufacturers currently use MindSphere to collect and analyze real-time sensor data from products, plants, systems, and machines. Siemens now wants to feed that data into analytics applications that run locally versus in the cloud. This will eliminate latency that would otherwise be created when data is transferred over a wide area network (WAN).