Europe Industry 4.0 Market Size & Outlook, 2023-2030

The industry 4.0 market in Europe is expected to reach a projected revenue of US$ 159,407.0 million by 2030. A compound annual growth rate of 18.9% is expected of Europe industry 4.0 market from 2024 to 2030.
Revenue, 2023 (US$M)
$47,401.8
Forecast, 2030 (US$M)
$159,407.0
CAGR, 2024 - 2030
18.9%
Report Coverage
Europe

Europe industry 4.0 market highlights

  • The Europe industry 4.0 market generated a revenue of USD 47,401.8 million in 2023.
  • The market is expected to grow at a CAGR of 18.9% from 2024 to 2030.
  • In terms of segment, hardware was the largest revenue generating component in 2023.
  • Software is the most lucrative component segment registering the fastest growth during the forecast period.
  • Country-wise, Spain is expected to register the highest CAGR from 2024 to 2030.


Europe data book summary

Market revenue in 2023USD 47,401.8 million
Market revenue in 2030USD 159,407.0 million
Growth rate18.9% (CAGR from 2023 to 2030)
Largest segmentHardware
Fastest growing segmentSoftware
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHardware, Software, Services
Key market players worldwideABB Ltd, Cisco Systems Inc, Cognex Corp, Denso Corp, Emerson Electric Co, Fanuc Corp, GE Aerospace, Honeywell International Inc, Intel Corp, Johnson Controls International PLC, Robert Bosch Engineering & Business Solutions, Rockwell Automation Inc, Schneider Electric SE, Siemens AG, Kuka Group


Other key industry trends

  • In terms of revenue, Europe region accounted for 26.9% of the global industry 4.0 market in 2023.
  • Globally, Asia Pacific 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 251,662.2 million by 2030.

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Industry 4.0 Market Scope

Industry 4.0 market segmentation & scope
Hardware
Software
Services
Industrial Internet of Things (IIoT)
Robotics & Automation
Artificial Intelligence (AI) & Machine Learning (ML)
Big Data & Advanced Analytics
Additive Manufacturing (3D Printing)
Augmented Reality (AR) & Virtual Reality (VR)
Digital Twin & Simulation
Blockchain and Secure Data Exchange
Others
Manufacturing
Petrochemicals
Automotive
Energy and Utilities
Oil and Gas
Food and Beverages
Aerospace and Defense
Others

Industry 4.0 Market Companies

Name Profile # Employees HQ Website

Europe industry 4.0 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 industry 4.0 market will help companies and investors design strategic landscapes.


Hardware was the largest segment with a revenue share of 50.1% in 2023. Horizon Databook has segmented the Europe industry 4.0 market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.


Several factors have driven the growth of Industry 4.0 in Europe. The region’s strong industrial base and technological expertise have laid a solid foundation for digital transformation. The need for increased efficiency, customization and reduced waste has pushed industries to adopt advanced technologies.

The impact of Industry 4.0 is seen across various industries in Europe. Manufacturing has undergone a paradigm shift with the rise of smart factories that enable real-time monitoring, predictive maintenance, and agile production.

Automotive companies are using IoT to optimize supply chains, enhance vehicle connectivity, and develop autonomous driving systems. A coherent set of policies that strengthens competitiveness in technologies where the potential for inclusion and convergence is strongest.

Reasons to subscribe to Europe industry 4.0 market databook:

  • Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
  • Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
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  • Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
  • Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.

Target buyers of Europe industry 4.0 market databook

  • Our clientele includes a mix of industry 4.0 market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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 industry 4.0 market , including forecasts for subscribers. This continent databook contains high-level insights into Europe industry 4.0 market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Europe industry 4.0 market size, by country, 2018-2030 (US$M)

Europe Industry 4.0 Market Outlook Share, 2023 & 2030 (US$M)

Europe industry 4.0 market size, by country, 2018-2030 (US$M)

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