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- Europe Smart Factory Market – Size, Outlook, Trends and Forecast (2024 – 2032)
Smart Factory refers to the industrial digitalisation by combining emerging technologies such as machine learning, artificial intelligence, internet of things, machine-to-machine communication, and automation to produce more efficient throughput.
Europe Smart Factory Market Segments Size & Growth:
Europe Smart Factory Market is accounted for $XX billion in 2017 and expected to grow at a CAGR of XX% to reach $XX billion by 2024 during the forecast period 2018-2024. Major factors that are driving the market growth by an increase in usage of technology and demand for industrial robots. Though, Increase in capital expenditure hamper the growth of the Europe Smart Factory market.
Europe Smart Factory Market Segments Share:
Europe Smart Factory market is categorised into by-product which consists of sensors, control devices, industrial robotics, machine vision systems, communication technologies, and wireless technologies. Industrial robotics is expected to grow at a quick pace due to increase in productivity, reduce errors and improve production volume. By technology, it is classified by the distributed control system, programmable logic controller, supervisory control and data acquisition, human-machine interface, manufacturing execution system, product lifecycle management, and enterprise resource planning. The distributed control system is the leading market owing to the finest control and helps in real-time monitoring. By end-user, it is segmented as automotive, electrical & electronics, oil & gas, chemical & petrochemical, manufacturing, aerospace, defence, pharmaceuticals, food & beverages, mining & metals, pulp & paper, and some others. The automotive industry is projected to have a significant growth because of the employment of automation for better productivity and to cut the operational cost.
By Geography, Germany is dominating the growth of the Europe Smart Factory market and the growth in Europe is mainly attributed because of the technological innovations and rapid increase in adoption of the automotive sector. Furthermore, UK is witnessing the fastest growth during the forecast period, due to investments in digitalisation of automotive industries and emerging technologies.
Europe Smart Factory Market Segments Trends:
- In January 2018, Honeywell has launched an Indoor navigation app which is known as “Honeywell Vector Occupant App” to have control over the building.
- In April 2017, Cognex Corporation has launched a novel vision system which is the second generation of In-Sight 7000 series for flexible and easy integration.
Europe Smart Factory Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Robert Bosch GmbH
- ABB (ASEA BROWN BOVERI) Ltd.
- Siemens AG
- Cognex Corporation
- Rockwell Automation, Inc.
Chapter 1 Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
Chapter 2 Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
Chapter 3 Market Analysis
3.1 Industry Value Chain Analysis
3.2 Porter’s Five Force Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 PESTLE Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
Chapter 4 Market Dynamics
4.1. Drivers
4.1.1 Demand for industrial robots
4.1.2 Emerging and Digitization of Manufacturing Technologies
4.1.3 Increasing demand for IOT
4.2 Restraints
4.2.1 Labor Requirement
4.2.2 High capital investments
4.2.3 Increasing cyber threats
4.3 Opportunities
4.3.1 Emerging developments in Robotics
4.3.2 Ongoing 3D printing technology
4.4 Challenges
4.4.1. Less rate of adoption of smart factory technology in small and medium enterprises.
Chapter 5 Smart Factory Market – By Products
5.1 Sensors
5.1.1 Proximity sensors
5.1.1.1 Mechanical
5.1.1.2 Optical
5.1.1.3 Capacitive or Inductive
5.1.2 Velocity/Position sensors
5.1.2.1 LVDT
5.1.2.2 Potentiometer
5.1.2.3 Tachogenerator
5.1.3 Pressure/Force sensors
5.1.4 Vibration/Acceleration sensor
5.2 Control Devices
5.2.1 Programmable Controllers
5.2.2 Motor and Drives
5.2.3 Relays and Switches
5.2.4 Field Devices
5.2.5 Industrial Control Systems
5.2.6 Others
5.3 Industrial Robotics
5.3.1 Delta Robots
5.3.2 Articulated Robots
5.3.3 Cylindrical Robots
5.3.4 Cartesian Robots
5.3.5 Polar Robots
5.3.6 SCARA Robots
5.3.7 Parallel Robots
5.3.8 Gantry Robots
5.3.9 Collaborative Industry Robots
5.3.10 Others
5.4 Machine Vision Systems
5.4.1 Cameras
5.4.1.1 3D Cameras
5.4.1.2 Line Scan Cameras
5.4.1.3 Area Scan Cameras
5.4.1.4 Smart Cameras
5.4.1.5 High-Speed Recording Cameras
5.4.1.6 Digital Cameras
5.4.1.7 Others
5.4.2 Software
5.4.3 Frame Grabbers
5.4.4 Processors
5.4.5 Integration Services
5.4.6 Enclosures
5.4.7 Led Lighting
5.5 Communication Technologies
5.5.1 Wired technologies
5.5.1.1 Profibus
5.5.1.2 Fieldbus
5.5.1.3 Ethernet
5.5.2 Wireless technologies
5.5.2.1 Wi-Fi
5.5.2.2 Bluetooth
5.5.2.3 Rfid
Chapter 6 Smart Factory Market – By Technology
6.1 Distributed Control System (DCS)
6.2 Programmable Logic Controller (PLC)
6.3 Supervisory Control and Data Acquisition (SCADA)
6.4 Human Machine Interface (HMI)
6.5 Manufacturing Execution System (MES)
6.6 Production Life Cycle (PLC) management
6.7 Enterprise Resource Planning (ERP)
Chapter 7 Smart Factory Market – By End-User
7.1 Automotive
7.2 Electrical & Electronics
7.3 Oil and Gas
7.4 Chemical & Petrochemical
7.5 Manufacturing
7.6 Aerospace
7.7 Defense
7.8 Pharmaceuticals
7.9 Food & Beverages
7.10 Mining & Metals
7.11 Pulp & Paper
7.12 Energy and Power
7.13 Others
Chapter 8 Smart Factory Market – By Geography
8.1 Introduction
8.2 Europe
8.2.1. U.K.
8.2.2. Germany
8.2.3. France
8.2.4. Italy
8.2.5. Spain
8.2.6. Rest of Europe
Chapter 9 Smart Factory Market – Company Profiles
9.1. Schneider Electric SE
9.2. ABB (ASEA BROWN BOVERI) Ltd.
9.3. Siemens AG
9.4. Robert Bosch GmbH
9.5. Atos SE
9.6. Cognex Corporation
9.7. General Electric Company
9.8. Rockwell Automation, Inc.
9.9. Mitsubishi Electric Corporation
9.10. Emerson Electric Company
9.11. Johnson Controls, Inc.
9.12. Worximity Technology Inc.
9.13. Honeywell International, Inc.
9.14. Fanuc Corp.
9.15. Yokogawa Electric Corp.
Chapter 10 Smart Factory Market – Competitive Landscape
10.1. Market Share Analysis
10.2. Strategies Adopted by top companies
10.3. Mergers, Acquisitions, Collaborations & Agreements
Chapter 11 Market Insights
11.1. Industry Experts Insights
11.2. Analysts Opinions
11.3. Investment Opportunities
Chapter 12 Appendix
12.1 List of Tables
12.2 List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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Smart Factory refers to the industrial digitalisation by combining emerging technologies such as machine learning, artificial intelligence, internet of things, machine-to-machine communication, and automation to produce more efficient throughput.
Europe Smart Factory Market Segments Size & Growth:
Europe Smart Factory Market is accounted for $XX billion in 2017 and expected to grow at a CAGR of XX% to reach $XX billion by 2024 during the forecast period 2018-2024. Major factors that are driving the market growth by an increase in usage of technology and demand for industrial robots. Though, Increase in capital expenditure hamper the growth of the Europe Smart Factory market.
Europe Smart Factory Market Segments Share:
Europe Smart Factory market is categorised into by-product which consists of sensors, control devices, industrial robotics, machine vision systems, communication technologies, and wireless technologies. Industrial robotics is expected to grow at a quick pace due to increase in productivity, reduce errors and improve production volume. By technology, it is classified by the distributed control system, programmable logic controller, supervisory control and data acquisition, human-machine interface, manufacturing execution system, product lifecycle management, and enterprise resource planning. The distributed control system is the leading market owing to the finest control and helps in real-time monitoring. By end-user, it is segmented as automotive, electrical & electronics, oil & gas, chemical & petrochemical, manufacturing, aerospace, defence, pharmaceuticals, food & beverages, mining & metals, pulp & paper, and some others. The automotive industry is projected to have a significant growth because of the employment of automation for better productivity and to cut the operational cost.
By Geography, Germany is dominating the growth of the Europe Smart Factory market and the growth in Europe is mainly attributed because of the technological innovations and rapid increase in adoption of the automotive sector. Furthermore, UK is witnessing the fastest growth during the forecast period, due to investments in digitalisation of automotive industries and emerging technologies.
Europe Smart Factory Market Segments Trends:
- In January 2018, Honeywell has launched an Indoor navigation app which is known as “Honeywell Vector Occupant App” to have control over the building.
- In April 2017, Cognex Corporation has launched a novel vision system which is the second generation of In-Sight 7000 series for flexible and easy integration.
Europe Smart Factory Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Robert Bosch GmbH
- ABB (ASEA BROWN BOVERI) Ltd.
- Siemens AG
- Cognex Corporation
- Rockwell Automation, Inc.
Chapter 1 Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
Chapter 2 Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
Chapter 3 Market Analysis
3.1 Industry Value Chain Analysis
3.2 Porter’s Five Force Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 PESTLE Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
Chapter 4 Market Dynamics
4.1. Drivers
4.1.1 Demand for industrial robots
4.1.2 Emerging and Digitization of Manufacturing Technologies
4.1.3 Increasing demand for IOT
4.2 Restraints
4.2.1 Labor Requirement
4.2.2 High capital investments
4.2.3 Increasing cyber threats
4.3 Opportunities
4.3.1 Emerging developments in Robotics
4.3.2 Ongoing 3D printing technology
4.4 Challenges
4.4.1. Less rate of adoption of smart factory technology in small and medium enterprises.
Chapter 5 Smart Factory Market – By Products
5.1 Sensors
5.1.1 Proximity sensors
5.1.1.1 Mechanical
5.1.1.2 Optical
5.1.1.3 Capacitive or Inductive
5.1.2 Velocity/Position sensors
5.1.2.1 LVDT
5.1.2.2 Potentiometer
5.1.2.3 Tachogenerator
5.1.3 Pressure/Force sensors
5.1.4 Vibration/Acceleration sensor
5.2 Control Devices
5.2.1 Programmable Controllers
5.2.2 Motor and Drives
5.2.3 Relays and Switches
5.2.4 Field Devices
5.2.5 Industrial Control Systems
5.2.6 Others
5.3 Industrial Robotics
5.3.1 Delta Robots
5.3.2 Articulated Robots
5.3.3 Cylindrical Robots
5.3.4 Cartesian Robots
5.3.5 Polar Robots
5.3.6 SCARA Robots
5.3.7 Parallel Robots
5.3.8 Gantry Robots
5.3.9 Collaborative Industry Robots
5.3.10 Others
5.4 Machine Vision Systems
5.4.1 Cameras
5.4.1.1 3D Cameras
5.4.1.2 Line Scan Cameras
5.4.1.3 Area Scan Cameras
5.4.1.4 Smart Cameras
5.4.1.5 High-Speed Recording Cameras
5.4.1.6 Digital Cameras
5.4.1.7 Others
5.4.2 Software
5.4.3 Frame Grabbers
5.4.4 Processors
5.4.5 Integration Services
5.4.6 Enclosures
5.4.7 Led Lighting
5.5 Communication Technologies
5.5.1 Wired technologies
5.5.1.1 Profibus
5.5.1.2 Fieldbus
5.5.1.3 Ethernet
5.5.2 Wireless technologies
5.5.2.1 Wi-Fi
5.5.2.2 Bluetooth
5.5.2.3 Rfid
Chapter 6 Smart Factory Market – By Technology
6.1 Distributed Control System (DCS)
6.2 Programmable Logic Controller (PLC)
6.3 Supervisory Control and Data Acquisition (SCADA)
6.4 Human Machine Interface (HMI)
6.5 Manufacturing Execution System (MES)
6.6 Production Life Cycle (PLC) management
6.7 Enterprise Resource Planning (ERP)
Chapter 7 Smart Factory Market – By End-User
7.1 Automotive
7.2 Electrical & Electronics
7.3 Oil and Gas
7.4 Chemical & Petrochemical
7.5 Manufacturing
7.6 Aerospace
7.7 Defense
7.8 Pharmaceuticals
7.9 Food & Beverages
7.10 Mining & Metals
7.11 Pulp & Paper
7.12 Energy and Power
7.13 Others
Chapter 8 Smart Factory Market – By Geography
8.1 Introduction
8.2 Europe
8.2.1. U.K.
8.2.2. Germany
8.2.3. France
8.2.4. Italy
8.2.5. Spain
8.2.6. Rest of Europe
Chapter 9 Smart Factory Market – Company Profiles
9.1. Schneider Electric SE
9.2. ABB (ASEA BROWN BOVERI) Ltd.
9.3. Siemens AG
9.4. Robert Bosch GmbH
9.5. Atos SE
9.6. Cognex Corporation
9.7. General Electric Company
9.8. Rockwell Automation, Inc.
9.9. Mitsubishi Electric Corporation
9.10. Emerson Electric Company
9.11. Johnson Controls, Inc.
9.12. Worximity Technology Inc.
9.13. Honeywell International, Inc.
9.14. Fanuc Corp.
9.15. Yokogawa Electric Corp.
Chapter 10 Smart Factory Market – Competitive Landscape
10.1. Market Share Analysis
10.2. Strategies Adopted by top companies
10.3. Mergers, Acquisitions, Collaborations & Agreements
Chapter 11 Market Insights
11.1. Industry Experts Insights
11.2. Analysts Opinions
11.3. Investment Opportunities
Chapter 12 Appendix
12.1 List of Tables
12.2 List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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