Europe Smart Factory Market Size & Outlook, 2023-2030
Europe smart factory market, 2018-2030 (US$M)
Related Markets
Europe smart factory market highlights
- The Europe smart factory market generated a revenue of USD 32.1 million in 2023.
- The market is expected to grow at a CAGR of 8.5% from 2024 to 2030.
- In terms of segment, distributed control systems (dcs) was the largest revenue generating technology in 2023.
- Human Machine Interface (HMI) is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 32.1 million |
| Market revenue in 2030 | USD 57.0 million |
| Growth rate | 8.5% (CAGR from 2023 to 2030) |
| Largest segment | Distributed control systems (dcs) |
| Fastest growing segment | Human Machine Interface (HMI) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Distributed Control Systems (DCS), Enterprise Resource Planning (ERP), Human Machine Interface (HMI), Manufacturing Execution System (MES), Product Life Cycle Management (PLM), Program Logic Controller (PLC), Supervisory Controller and Data Acquisition (SCADA) |
| Key market players worldwide | ABB Ltd, Dassault Systemes SE, Fanuc Corp, GE Aerospace, Honeywell International Inc, Johnson Controls International PLC, Mitsubishi Electric Corp, Rockwell Automation Inc, Schneider Electric SE, Canon Inc, Cisco Systems Inc, Emerson Electric Co |
Other key industry trends
- In terms of revenue, Europe region accounted for 42.8% of the global smart factory market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 10.8 million by 2030.
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Smart Factory Market Scope
Smart Factory Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe smart factory market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart factory market will help companies and investors design strategic landscapes.
Distributed control systems (dcs) was the largest segment with a revenue share of 16.82% in 2023. Horizon Databook has segmented the Europe smart factory market based on distributed control systems (dcs), enterprise resource planning (erp), human machine interface (hmi), manufacturing execution system (mes), product life cycle management (plm), program logic controller (plc), supervisory controller and data acquisition (scada) covering the revenue growth of each sub-segment from 2018 to 2030.
- Europe Smart Factory Technology Outlook (Revenue, USD Million, 2018-2030)
- Distributed Control Systems (DCS)
- Enterprise Resource Planning (ERP)
- Human Machine Interface (HMI)
- Manufacturing Execution System (MES)
- Product Life Cycle Management (PLM)
- Program Logic Controller (PLC)
- Supervisory Controller and Data Acquisition (SCADA)
- Others
- Europe Smart Factory Field Devices Outlook (Revenue, USD Million, 2018-2030)
- Sensors
- Industrial Robotics
- Machine Vision Systems
- Others
- Europe Smart Factory Application Outlook (Revenue, USD Million, 2018-2030)
- Aerospace & Defense
- Automotive
- Energy & Power
- Food And Beverages
- Healthcare
- Semiconductor & Electronics
- Oil & Gas
- Others
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Target buyers of Europe smart factory market databook
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Our clientele includes a mix of smart factory market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe smart factory market , including forecasts for subscribers. This continent databook contains high-level insights into Europe smart factory market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe smart factory market size, by country, 2018-2030 (US$M)
Europe Smart Factory Market Outlook Share, 2023 & 2030 (US$M)
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