The European factory automation market is projected to grow at a significant CAGR during the forecast period owing to the significant technological advancement in manufacturing in various countries such as UK, Germany, and others. Germany is the largest European trading partner of the US and the sixth-largest market for the export of goods to the US.
Furthermore, the country is also focusing on the implementation of advanced technologies such as AI to equip industries with a level of extreme automation. This has propelled the adoption of the automation system in the manufacturing sector that further provides a significant opportunity for European factory automation industry growth.
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Moreover, increasing the focus of government and private players to implement automation across various industrial applications is further driving the market growth in the region. In 2017, as per the International Federation of Robotics, the robot density in France was 137 per 10,000 employees. It is more than the global average however lesser than some European countries including Germany, Sweden, and Denmark.
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The total number of robots installed by the companies increased by 22% and has reached 1,400 units. In February 2017, the government of Italy launched the National Industry 4.0 plan to boost the investment in new technology, and R&D programs. The country has allocated around $3.9 billion for the National Industry 4.0 plan.
Key questions addressed by the report
- What is the market growth rate during the forecast period?
- Which segment/region dominates the market in the base year?
- Which segment/region will project the fastest growth in the market during the forecast period?
- How COVID-19 will impact the market growth in 2020 and the coming years?
- Recovery Timeline
- Deviation from the pre-COVID forecast
- Most affected region/segment
- Recommendations
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
European Factory Automation Market – Segmentation
By Component
- Industrial Robots
- Machine Vision
- Human Machine Interface (HMI)
- Sensors
- Control Valves
- Others
By Control Systems
- Programmable Logic Controllers (PLC)
- Distributed Control Systems (DCS)
- Supervisory Control and Data Acquisition System (SCADA)
- Manufacturing Execution System (MES)
- Others
By Industry
- Automotive
- Aerospace & Defense
- Oil & Gas
- Chemical
- Food & Beverages
- Healthcare
- Others
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