Europe Smart Manufacturing Market: Key Players, Growth Drivers, and Market Trends by 2024

The Europe Smart Manufacturing Market sector is undergoing significant transformation, with substantial growth and technological advancements expected by 2032. According to a new in-depth market research report, the sector is poised for expansion, driven by various factors such as market size, share, and emerging trends.

This comprehensive report provides key insights into the Europe Smart Manufacturing Market, exploring critical market segmentation and definitions. It highlights the essential components driving growth, offering a clear picture of the industry’s trajectory. Utilizing SWOT and PESTEL analyses, the report evaluates the market’s strengths, weaknesses, opportunities, and threats, while also considering political, economic, social, technological, environmental, and legal factors that impact the market landscape.

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Market Summary:

Europe is the third largest region in the global smart manufacturing market. The Europe smart manufacturing market size is projected to grow at a CAGR of 12.5% during the forecast period. The Europe market is projected to grow from USD 277.81 billion in 2022 to USD 754.1 billion by 2030.

Recent industry developments are;

• ABB announced that it acquired ASTI Mobile Robotics Group, a Spanish manufacturer of autonomous mobile robots for industrial applications. The acquisition was intended to expand ABB’s smart manufacturing capabilities.
• Schneider Electric announced that it acquired RIB software, a German provider of software solutions for the construction and smart building industries.

Browse Detailed TOC, Tables and Figures with Charts which is spread across 100+ Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.

Major Players:

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

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Europe Smart Manufacturing Market Segmentation:

By Component

• Solution
  • Industrial 3D Printing
  • Programmable Logic Controller (PLC)
  • Product Lifecycle Management (PLM)
  • Manufacturing Execution System (MES)
  • Robotic Process Automation (RPA)
  • Remote Monitoring software
  • Supervisory Controller and Data Acquisition (SCADA)
  • Others (Energy Management Systems, Fleet Management Solutions)

• Services

• • Professional Services
  • Managed Services

By Deployment

• Cloud
• On-Premises

By Enterprise Size

• Large Enterprises
• Small & Medium Enterprises

By Industry

• Discrete Industry
  • Automotive
  • Transportation
  • Industrial machinery
  • Medical devices
  • Semiconductor and Electronics/High-Tech
  • Others (Aerospace and Defense)
• Process Industry
  • Pharmaceuticals
  • Mining and Metals
  • Chemicals
  • Pulp and Paper
  • Others (Cable)

Reasons to purchase this report:

This report offers a detailed analysis of the competitive landscape, emerging growth areas, market conditions, and key trends within the Europe Smart Manufacturing Market. It helps businesses identify expansion opportunities while addressing potential risks and challenges. By assessing product portfolios and business segments, the report provides valuable insights that guide stakeholders in formulating informed investment and market strategies.

The in-depth understanding of industry dynamics presented in the report supports the creation of effective strategies for success in the Europe Smart Manufacturing Market, greatly enhancing decision-making. Overall, this report is an essential resource for those looking to stay updated in this rapidly evolving industry.

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Drivers & Restraints:

• Drivers:
  • Increasing adoption of Industry 4.0 technologies driving the demand for automation, data exchange, and smart manufacturing solutions across various industries.
  • Rising focus on operational efficiency, cost reduction, and sustainability prompting manufacturers to invest in advanced smart manufacturing systems.
• Restraints:
  • High implementation costs and the need for skilled personnel may pose challenges for small and medium-sized enterprises in adopting smart manufacturing technologies.
  • Data security concerns and the complexity of integrating legacy systems with new technologies affecting the widespread adoption of smart manufacturing solutions.

Table of Contents:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Industry Developments – Merger, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Developments
  • Value Chain Analysis

TOC Continued…!

Europe Smart Manufacturing Market Regional Segmentation:

By Country

• U.K. (By Solutions)
• Germany (By Solutions)
• France (By Solutions)
• Italy (By Solutions)
• Spain (By Solution)
• Rest of Europe

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