Europe Smart Manufacturing Market Share

Statistics for the 2023 & 2024 Europe Smart Manufacturing market share, created by Mordor Intelligence™ Industry Reports. Europe Smart Manufacturing share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

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Market Share of Europe Smart Manufacturing Industry

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).

Europe Smart Manufacturing Market Leaders

  1. ABB Ltd

  2. Honeywell UK Ltd.

  3. Siemens AG

  4. Rockwell Automation Inc.

  5. Robert Bosch GmbH

*Disclaimer: Major Players sorted in no particular order

Europe Smart Manufacturing Market Concentration

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