Market Trends of Europe Smart Manufacturing Industry
This section covers the major market trends shaping the Europe Smart Manufacturing Market according to our research experts:
Industrial Robotics Technology is Expected to Experience a Healthy Growth over the Forecast Period
- With a trend like Industry 4.0, Manufacturing robots automate repetitive tasks, reduce margins of error, and enable human workers to focus on productive areas of operation. Currently, robots are being deployed for machine tool tending, material removal, palletization and de-palletizing, material handling, welding, gas metal arc welding, and assembly, to name a few. This has created automotive and electronics in manufacturing activities.
- In France, firms like Groupe Roux-Jourfier are enabling companies to incorporate “collaborative robotics” into their plants to perform entirely automatic processes and to work collaboratively alongside human operators to perform more complex tasks. This is particularly essential for the aerospace industry, where OEMs are always under pressure to deliver products in time, and hence, transfer this pressure to suppliers.
- In the European industry ecosystem, country-level adoption of industrial robots is indicative of demand and supply destinations. According to IFR’s latest report on robot density in the manufacturing industry, Germany is expected to witness an automation surge over the forecast period. The country has 338 robots installed per 10,000 employees. Sweden, Denmark, and Italy also have more than 200 robots per 10,000 employees.
- With the growing demand for robotic solutions in the region and global markets, various major global vendors are looking to expand their product portfolio to cater to the expected growth in demand from the post-COVID-19 effects in the market. For instance, in February 2021, ABB launched its next generation of robots to unlock automation for new sectors and first-time users. Such developments are expected to increase over the forecast period.
The United Kingdom is Expected to Hold a Significant Share
- The rising requirement to reduce manufacturing costs and applications of the Internet of Things and machine-to-machine (M2M) technologies are fueling the growth of the market in the country.
- According to a government-commissioned review, the manufacturing sector in the country can unlock GBP 455 billion over the next decade and create a significant number of job opportunities if it cracks the fourth industrial revolution and carves out a successful post-Brexit future.
- Compared with other developed countries, the UK manufacturing sector has underinvested in robotics and other forms of automation. It invests around 1.7% of its GDP into manufacturing innovation, well behind the OECD average of 2.4%.
- Furthermore, the adoption of 5G to boost factory output is expected to be a significant advancement in the future of Industry 4.0. For instance, in February 2019, Bosch’s factory in Worcester, United Kingdom, was fitted with sensors and 5G-based technology for monitoring its operations. The factory has combined IoT smart sensors and 5G for preventative maintenance.