European AI in manufacturing market is estimated to grow significantly at a CAGR of 32.6% during the forecast period. Europe has a huge potential for the growth of AI in manufacturing owing to the significant investment made in the industry. The presence of major market players, well-developed automotive, industrial equipment, and pharmaceutical industries, fast adoption of new technology, and significant adoption of industrial robots are some of the major factors that contribute to the growth of the market in the region. Germany is expected to be the fastest-growing market in the region.
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One of the major motivating factors that push the European region upward is the presence of supportive government initiatives. Europe is a fully developed region in terms of technological advancement. In April 2018, the European Commission planned to invest $10.5 billion to develop the first-ever Digital Europe program. Digital Europe program will significantly raise the competitive position of the European Union in the international market. Within the program, 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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Market Segmentation
European AI in Manufacturing Market by Application
- Quality Control & Reclamation
- Predictive Maintenance
- Supply Network Optimization
- Others (Production Planning)
European AI in Manufacturing Market by End-User
- Automobile
- Pharmaceutical
- Heavy Metal & Machine Manufacturing
- Others (Semiconductor and Electronics)
Regional Analysis
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Company Profiles
- Automation Anywhere, Inc.
- Fujitsu Ltd.
- IBM Corp.
- Intel Corp.
- Knime AG
- Microsoft Corp.
- NVIDIA Corp.
- Rockwell Automation, Inc.
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