The Europe Smart Factory Market would witness market growth of 9.5% CAGR during the forecast period (2021-2027). Industrial production abilities are constantly changing by the Industry 4.0 revolution.
In addition to it, industrial processes are completely transformed by the increasing adaptation of connected devices, artificial intelligence-based systems, enterprise applications, and sophisticated sensing systems to gather data. Moreover, various makers are making high use of the component technologies of smart factories in various domains like advanced planning and scheduling, utilizing real-time production, inventory management, and augmented reality for maintenance.
Europe has always remained at the forefront of manufacturing activities. However, competition compels a large number of innovations. Hence, Europe must act as a breeding ground for unique ideas in manufacturing technologies. Boosted by the IT world, manufacturing will become smart and be ready to define the 4th industrial revolution in smart factories.
The factory of the future is termed as smart factories in order to deal with competitiveness and integrated the latest technologies, applications, and services. Digital industrial platforms are able to manage this requirement by offering the means to incorporate various technologies, take information from the shop floor and the supply network, make it available to observe and control applications and enable the development of complementary applications.
Industrial robots carry out various tasks like electronic and mechanical assembly, materials handling, and product testing. Force sensors assist industrial robots in the verification of part insertion; holding consistent force during buffing, polishing, and deburring; collecting force data for IoT testing and statistical process control (SPC), and conducting many other functions.
Growing miniaturization of sensors, increasing funding in the automation domain (in automotive, electrical & electronics, and metals & machinery industries), and increasing demand for industrial robotics systems in emerging countries are some of the drivers for the growth of the industrial robots market. This would boost the demand for industrial sensors and augment the development of the smart factory market during the forecast period.
The Germany market dominated the Europe Smart Factory Industrial 3D Printers Market by Country 2020, thereby, achieving a market value of $1,803.3 million by 2027. The UK market is exhibiting a CAGR of 9% during (2021 - 2027). Additionally, The France market is poised to grow at a CAGR of 10.6% during (2021 - 2027).
Based on Component, the market is segmented into Industrial Sensors, Industrial Robots, Industrial 3D Printers and Machine Vision Systems. Based on Solution, the market is segmented into Manufacturing Execution System (MES), Plant Asset Management (PAM), SCADA, Industrial Safety and Others. Based on Industry Vertical, the market is segmented into Automotive, Semiconductor & Electronics, Chemicals & Pharmaceuticals, Food & Beverages, Oil & Gas, Aerospace & Defense, Medical Devices and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Smart Factory Market Size will Hit $137.6 Billion by 2027, at a CAGR of 9.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Emerson Electric Co., General Electric (GE) Co., Siemens AG, Rockwell Automation, Inc., Schneider Electric SE, Honeywell International, Inc., Mitsubishi Electric Corporation, Kuka AG, and Omron Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Industrial Sensors
- Industrial Robots
- Industrial 3D Printers
- Machine Vision Systems
By Solution
- Manufacturing Execution System (MES)
- Plant Asset Management (PAM)
- SCADA
- Industrial Safety
- Others
By Industry Vertical
- Automotive
- Semiconductor & Electronics
- Chemicals & Pharmaceuticals
- Food & Beverages
- Oil & Gas
- Aerospace & Defense
- Medical Devices
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- ABB Group
- Emerson Electric Co.
- General Electric (GE) Co.
- Siemens AG
- Rockwell Automation, Inc.
- Schneider Electric SE
- Honeywell International, Inc.
- Mitsubishi Electric Corporation
- Kuka AG
- Omron Corporation
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Smart Factory Market, by Component
1.4.2 Europe Smart Factory Market, by Solution
1.4.3 Europe Smart Factory Market, by Industry Vertical
1.4.4 Europe Smart Factory Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and 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 Geographical Expansions
3.2.4 Business Expansions
3.2.5 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Jan – 2021, Apr) Leading Players
Chapter 4. Europe Smart Factory Market by Industry Vertical
4.1 Europe Automotive Smart Factory Market by Country
4.2 Europe Semiconductor & Electronics Smart Factory Market by Country
4.3 Europe Chemicals & Pharmaceuticals Smart Factory Market by Country
4.4 Europe Food & Beverages Smart Factory Market by Country
4.5 Europe Oil & Gas Smart Factory Market by Country
4.6 Europe Aerospace & Defense Smart Factory Market by Country
4.7 Europe Medical Devices Smart Factory Market by Country
4.8 Europe Other Industry Vertical Smart Factory Market by Country
Chapter 5. Europe Smart Factory Market by Component
5.1 Europe Smart Factory Industrial Sensors Market by Country
5.2 Europe Smart Factory Industrial Robots Market by Country
5.3 Europe Smart Factory Industrial 3D Printers Market by Country
5.4 Europe Smart Factory Machine Vision Systems Market by Country
Chapter 6. Europe Smart Factory Market by Solution
6.1 Europe Manufacturing Execution System (MES) Smart Factory Market by Country
6.2 Europe Plant Asset Management (PAM) Smart Factory Market by Country
6.3 Europe SCADA Smart Factory Market by Country
6.4 Europe Industrial Safety Smart Factory Market by Country
6.5 Europe Others Smart Factory Market by Country
Chapter 7. Europe Smart Factory Market by Country
7.1 Germany Smart Factory Market
7.1.1 Germany Smart Factory Market by Industry Vertical
7.1.2 Germany Smart Factory Market by Component
7.1.3 Germany Smart Factory Market by Solution
7.2 UK Smart Factory Market
7.2.1 UK Smart Factory Market by Industry Vertical
7.2.2 UK Smart Factory Market by Component
7.2.3 UK Smart Factory Market by Solution
7.3 France Smart Factory Market
7.3.1 France Smart Factory Market by Industry Vertical
7.3.2 France Smart Factory Market by Component
7.3.3 France Smart Factory Market by Solution
7.4 Russia Smart Factory Market
7.4.1 Russia Smart Factory Market by Industry Vertical
7.4.2 Russia Smart Factory Market by Component
7.4.3 Russia Smart Factory Market by Solution
7.5 Spain Smart Factory Market
7.5.1 Spain Smart Factory Market by Industry Vertical
7.5.2 Spain Smart Factory Market by Component
7.5.3 Spain Smart Factory Market by Solution
7.6 Italy Smart Factory Market
7.6.1 Italy Smart Factory Market by Industry Vertical
7.6.2 Italy Smart Factory Market by Component
7.6.3 Italy Smart Factory Market by Solution
7.7 Rest of Europe Smart Factory Market
7.7.1 Rest of Europe Smart Factory Market by Industry Vertical
7.7.2 Rest of Europe Smart Factory Market by Component
7.7.3 Rest of Europe Smart Factory Market by Solution
Chapter 8. Company Profiles
8.1 ABB Group
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Acquisition and Mergers:
8.1.5.3 Geographical Expansions:
8.1.6 SWOT Analysis
8.2 Emerson Electric Co.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Acquisition and Mergers:
8.2.5.2 Geographical Expansions:
8.2.5.3 Business Expansions:
8.2.6 SWOT Analysis
8.3 General Electric (GE) Co.
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 Product Launches and Product 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:
8.4.5.2 Acquisition and Mergers:
8.4.6 SWOT Analysis
8.5 Rockwell Automation, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.5.2 Acquisition and Mergers:
8.5.6 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 Acquisition and Mergers:
8.6.5.3 Geographical Expansions:
8.6.6 SWOT Analysis
8.7 Honeywell International, Inc.
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 Recent strategies and developments:
8.7.5.1 Partnerships, Collaborations, and Agreements:
8.7.5.2 Product Launches and Product Expansions:
8.7.5.3 Geographical Expansions:
8.7.6 SWOT Analysis
8.8 Mitsubishi Electric Corporation
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 Partnerships, Collaborations, and Agreements:
8.8.5.2 Product Launches and Product Expansions:
8.8.6 SWOT Analysis
8.9 Kuka AG
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and 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. Omron Corporation
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expense
8.10.5 Recent strategies and developments:
8.10.5.1 Partnerships, Collaborations, and Agreements:
8.10.5.2 Product Launches and Product Expansions:
8.10.6 SWOT Analysis
TABLE 1 Europe Smart Factory Market, 2017 - 2020, USD Million
TABLE 2 Europe Smart Factory Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Smart Factory Market
TABLE 4 Product Launches And Product Expansions– Smart Factory Market
TABLE 5 Geographical Expansions– Smart Factory Market
TABLE 6 Business Expansions– Smart Factory Market
TABLE 7 Acquisition and Mergers– Smart Factory Market
TABLE 8 Europe Smart Factory Market by Industry Vertical, 2017 - 2020, USD Million
TABLE 9 Europe Smart Factory Market by Industry Vertical, 2021 - 2027, USD Million
TABLE 10 Europe Automotive Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 11 Europe Automotive Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 12 Europe Semiconductor & Electronics Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 13 Europe Semiconductor & Electronics Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 14 Europe Chemicals & Pharmaceuticals Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 15 Europe Chemicals & Pharmaceuticals Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 16 Europe Food & Beverages Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 17 Europe Food & Beverages Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 18 Europe Oil & Gas Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 19 Europe Oil & Gas Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 20 Europe Aerospace & Defense Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 21 Europe Aerospace & Defense Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 22 Europe Medical Devices Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 23 Europe Medical Devices Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 24 Europe Other Industry Vertical Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 25 Europe Other Industry Vertical Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 26 Europe Smart Factory Market by Component, 2017 - 2020, USD Million
TABLE 27 Europe Smart Factory Market by Component, 2021 - 2027, USD Million
TABLE 28 Europe Smart Factory Industrial Sensors Market by Country, 2017 - 2020, USD Million
TABLE 29 Europe Smart Factory Industrial Sensors Market by Country, 2021 - 2027, USD Million
TABLE 30 Europe Smart Factory Industrial Robots Market by Country, 2017 - 2020, USD Million
TABLE 31 Europe Smart Factory Industrial Robots Market by Country, 2021 - 2027, USD Million
TABLE 32 Europe Smart Factory Industrial 3D Printers Market by Country, 2017 - 2020, USD Million
TABLE 33 Europe Smart Factory Industrial 3D Printers Market by Country, 2021 - 2027, USD Million
TABLE 34 Europe Smart Factory Machine Vision Systems Market by Country, 2017 - 2020, USD Million
TABLE 35 Europe Smart Factory Machine Vision Systems Market by Country, 2021 - 2027, USD Million
TABLE 36 Europe Smart Factory Market by Solution, 2017 - 2020, USD Million
TABLE 37 Europe Smart Factory Market by Solution, 2021 - 2027, USD Million
TABLE 38 Europe Manufacturing Execution System (MES) Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 39 Europe Manufacturing Execution System (MES) Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 40 Europe Plant Asset Management (PAM) Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 41 Europe Plant Asset Management (PAM) Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 42 Europe SCADA Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 43 Europe SCADA Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 44 Europe Industrial Safety Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 45 Europe Industrial Safety Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 46 Europe Others Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 47 Europe Others Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 48 Europe Smart Factory Market by Country, 2017 - 2020, USD Million
TABLE 49 Europe Smart Factory Market by Country, 2021 - 2027, USD Million
TABLE 50 Germany Smart Factory Market, 2017 - 2020, USD Million
TABLE 51 Germany Smart Factory Market, 2021 - 2027, USD Million
TABLE 52 Germany Smart Factory Market by Industry Vertical, 2017 - 2020, USD Million
TABLE 53 Germany Smart Factory Market by Industry Vertical, 2021 - 2027, USD Million
TABLE 54 Germany Smart Factory Market by Component, 2017 - 2020, USD Million
TABLE 55 Germany Smart Factory Market by Component, 2021 - 2027, USD Million
TABLE 56 Germany Smart Factory Market by Solution, 2017 - 2020, USD Million
TABLE 57 Germany Smart Factory Market by Solution, 2021 - 2027, USD Million
TABLE 58 UK Smart Factory Market, 2017 - 2020, USD Million
TABLE 59 UK Smart Factory Market, 2021 - 2027, USD Million
TABLE 60 UK Smart Factory Market by Industry Vertical, 2017 - 2020, USD Million
TABLE 61 UK Smart Factory Market by Industry Vertical, 2021 - 2027, USD Million
TABLE 62 UK Smart Factory Market by Component, 2017 - 2020, USD Million
TABLE 63 UK Smart Factory Market by Component, 2021 - 2027, USD Million
TABLE 64 UK Smart Factory Market by Solution, 2017 - 2020, USD Million
TABLE 65 UK Smart Factory Market by Solution, 2021 - 2027, USD Million
TABLE 66 France Smart Factory Market, 2017 - 2020, USD Million
TABLE 67 France Smart Factory Market, 2021 - 2027, USD Million
TABLE 68 France Smart Factory Market by Industry Vertical, 2017 - 2020, USD Million
TABLE 69 France Smart Factory Market by Industry Vertical, 2021 - 2027, USD Million
TABLE 70 France Smart Factory Market by Component, 2017 - 2020, USD Million
TABLE 71 France Smart Factory Market by Component, 2021 - 2027, USD Million
TABLE 72 France Smart Factory Market by Solution, 2017 - 2020, USD Million
TABLE 73 France Smart Factory Market by Solution, 2021 - 2027, USD Million
TABLE 74 Russia Smart Factory Market, 2017 - 2020, USD Million
TABLE 75 Russia Smart Factory Market, 2021 - 2027, USD Million
TABLE 76 Russia Smart Factory Market by Industry Vertical, 2017 - 2020, USD Million
TABLE 77 Russia Smart Factory Market by Industry Vertical, 2021 - 2027, USD Million
TABLE 78 Russia Smart Factory Market by Component, 2017 - 2020, USD Million
TABLE 79 Russia Smart Factory Market by Component, 2021 - 2027, USD Million
TABLE 80 Russia Smart Factory Market by Solution, 2017 - 2020, USD Million
TABLE 81 Russia Smart Factory Market by Solution, 2021 - 2027, USD Million
TABLE 82 Spain Smart Factory Market, 2017 - 2020, USD Million
TABLE 83 Spain Smart Factory Market, 2021 - 2027, USD Million
TABLE 84 Spain Smart Factory Market by Industry Vertical, 2017 - 2020, USD Million
TABLE 85 Spain Smart Factory Market by Industry Vertical, 2021 - 2027, USD Million
TABLE 86 Spain Smart Factory Market by Component, 2017 - 2020, USD Million
TABLE 87 Spain Smart Factory Market by Component, 2021 - 2027, USD Million
TABLE 88 Spain Smart Factory Market by Solution, 2017 - 2020, USD Million
TABLE 89 Spain Smart Factory Market by Solution, 2021 - 2027, USD Million
TABLE 90 Italy Smart Factory Market, 2017 - 2020, USD Million
TABLE 91 Italy Smart Factory Market, 2021 - 2027, USD Million
TABLE 92 Italy Smart Factory Market by Industry Vertical, 2017 - 2020, USD Million
TABLE 93 Italy Smart Factory Market by Industry Vertical, 2021 - 2027, USD Million
TABLE 94 Italy Smart Factory Market by Component, 2017 - 2020, USD Million
TABLE 95 Italy Smart Factory Market by Component, 2021 - 2027, USD Million
TABLE 96 Italy Smart Factory Market by Solution, 2017 - 2020, USD Million
TABLE 97 Italy Smart Factory Market by Solution, 2021 - 2027, USD Million
TABLE 98 Rest of Europe Smart Factory Market, 2017 - 2020, USD Million
TABLE 99 Rest of Europe Smart Factory Market, 2021 - 2027, USD Million
TABLE 100 Rest of Europe Smart Factory Market by Industry Vertical, 2017 - 2020, USD Million
TABLE 101 Rest of Europe Smart Factory Market by Industry Vertical, 2021 - 2027, USD Million
TABLE 102 Rest of Europe Smart Factory Market by Component, 2017 - 2020, USD Million
TABLE 103 Rest of Europe Smart Factory Market by Component, 2021 - 2027, USD Million
TABLE 104 Rest of Europe Smart Factory Market by Solution, 2017 - 2020, USD Million
TABLE 105 Rest of Europe Smart Factory Market by Solution, 2021 - 2027, USD Million
TABLE 106 Key Information – ABB Group
TABLE 107 Key Information – Emerson Electric Co.
TABLE 108 Key Information – General Electric (GE) Co.
TABLE 109 Key Information – Siemens AG
TABLE 110 Key information – Rockwell Automation, Inc.
TABLE 111 Key information – Schneider Electric SE
TABLE 112 Key information – Honeywell International, Inc.
TABLE 113 key information – Mitsubishi Electric Corporation
TABLE 114 Key Information –Kuka AG
TABLE 115 Key Information – Omron Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Jan – 2021, Apr) Leading Players
FIG 5 Recent strategies and developments: ABB Group
FIG 6 SWOT Analysis: ABB Group
FIG 7 Recent strategies and developments: Emerson Electric Co.
FIG 8 Swot analysis: Emerson Electric CO.
FIG 9 Swot analysis: General electric (GE) Co.
FIG 10 Recent strategies and developments: Siemens AG
FIG 11 Swot analysis: Siemens AG
FIG 12 Recent strategies and developments: Rockwell Automation, Inc.
FIG 13 SWOT Analysis: Rockwell Automation, Inc.
FIG 14 Recent strategies and developments: Schneider Electric SE
FIG 15 Swot analysis: Schneider Electric SE
FIG 16 Recent strategies and developments: Honeywell International, Inc.
FIG 17 Swot analysis: Honeywell international, inc.
FIG 18 Recent strategies and developments: Mitsubishi Electric Corporation
FIG 19 SWOT Analysis: Mitsubishi Electric Corporation
FIG 20 Recent strategies and developments: Omron Corporation
FIG 21 SWOT Analysis: Omron Corporation