The European manufacturing execution system market is projected to grow at a significant CAGR during the forecast period (2020-2026). The market is mainly driven due to the growing adoption of digital technologies such as AI and IoT in the manufacturing sector in the country. In April 2018, the European Commission planned to invest $10.5 billion to develop the first-ever Digital Europe program. The Digital Europe program will significantly raise the competitive position of the European Union in the international market. Within the program, the Europe commission will invest to develop and reinforce the capabilities such as high-performance, computing, AI, cybersecurity, and advanced digital skills.
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The European Commission has planned to invest $2.8 billion from the budget of $10.5 billion from 2021 to 2027, to promote AI across the European economy and society. It is also proposed to develop common online libraries of algorithms that will be accessible to all. It will provide testing facilities and knowledge to small business and local innovators. Furthermore, the extensive adoption of industrial robots is also supporting the growth of the manufacturing execution systems market in the region. Europe is one of the major markets for industrial robots. Overall shipment of robots is highest in Asia-Pacific however, the density of robots is highest in Europe. According to the International Federation of Robotics, Europe has 106 industrial robots per 10,000 employees as compared to 85 global average and 91 of North America.
Market Coverage
Report Elements |
Details |
Study Period |
2019-2026 |
Base year |
2019 |
Forecast period |
2020-2026 |
Segments Covered |
By Deployment Type and By Industry |
Regions Covered |
UK, Germany, France, Italy, Spain, and Rest of Europe |
Key Companies Profiled |
ABB Ltd., Dassault Systèmes S.A., Honeywell International, Inc., General Electric Co., Emerson Electric Co., Oracle Corp., Rockwell Automation, Inc., Siemens AG, SAP SE, and others |
Key questions addressed by the report
European Manufacturing Execution System Market – Segmentation
By Deployment Type
By Industry
European manufacturing execution system Market – Segmentation by Region