Europe Industry 4.0 Market Size & Outlook, 2023-2030
- Enterprise Technology & Automation
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- Industry 4.0 Market Outlook
- AI, Data & Analytics
Europe market 4.0 Market, 2018-2030 (US$M)
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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 2023 | USD 47,401.8 million |
| Market revenue in 2030 | USD 159,407.0 million |
| Growth rate | 18.9% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | ABB 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.
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.
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Industry 4.0 Market Scope
Industry 4.0 Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Johnson Controls International PLC | View profile | 102,000 | One Albert Quay, Cork, Ireland, T12 X8N6 | www.johnsoncontrols.com |
| Schneider Electric SE | View profile | 162,339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | www.se.com |
| Intel Corp | View profile | 124,800 | 2200 Mission College Boulevard, Santa Clara, CA, United States, 95054-1549 | www.intel.com |
| ABB Ltd | View profile | 108,700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | www.abb.com |
| Siemens AG | View profile | 321,000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | www.siemens.com |
| GE Aerospace | View profile | 125,000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | www.geaerospace.com |
| Rockwell Automation Inc | View profile | 29,000 | 1201 South Second Street, Milwaukee, WI, United States, 53204 | www.rockwellautomation.com |
| Honeywell International Inc | View profile | 95,000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | www.honeywell.com |
| Emerson Electric Co | View profile | 67,000 | 8000 West Florissant Avenue, P.O. Box 4100, St. Louis, MO, United States, 63136 | www.emerson.com |
| Fanuc Corp | View profile | 11,532 | 3580, Shibokusa, Oshino-mura, Minamitsuru-gun, Yamanashi, Japan, 401-0597 | www.fanuc.co.jp |
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 Outlook 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.
- Europe Industry 4.0 Market Component Outlook (Revenue, USD Million , 2018-2030)
- Hardware
- Software
- Services
- Europe Industry 4.0 Market Technology Outlook (Revenue, USD Million , 2018-2030)
- 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
- Europe Industry 4.0 Market Industry Vertical Outlook (Revenue, USD Million , 2018-2030)
- Manufacturing
- Petrochemicals
- Automotive
- Energy and Utilities
- Oil and Gas
- Food and Beverages
- Aerospace and Defense
- Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe Industry 4.0 Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Industry 4.0 Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Europe market 4.0 Market, 2018-2030 (US$M)
Europe industry 4.0 market statistics, by component, 2018-2030 (US$M)
