Market Research Logo

Smart Machines Market in Europe 2016-2020

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Market segmentation by types
      • Table Market segmentation by end-users
    • Top-vendor offerings
      • Table Product offerings
    • Other prominent vendors
      • Table Other prominent vendors
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Definitions
      • Table History and future of smart machines
      • Table Components of an expert system
    • How the market grew?
    • How the market will grow?
  • Market landscape
    • Market overview
    • Market size and forecast
      • Table Smart machines market in Europe 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Value chain analysis
    • Overview
      • Table Smart machines: Value chain analysis
    • Key stakeholder responsibilities
  • Market segmentation by types
    • Smart machines market in Europe by types
      • Table Smart machines in Europe by types 2015
      • Table Smart machines in Europe by types 2020
      • Table Smart machines market in Europe by types 2015 and 2020 ($ millions)
    • Expert systems market in Europe
      • Table Expert systems market in Europe 2015-2020 ($ billions)
    • Autonomous robots market in Europe
      • Table Autonomous robots market in Europe 2015-2020 ($ millions)
    • Digital assistants market in Europe
      • Table Digital assistants market in Europe 2015-2020 ($ millions)
    • Key market analysis
  • Market segmentation by end-users
    • Smart machines in Europe by end-users
      • Table Smart machines in Europe by end-users 2015
      • Table Smart machines in Europe by end-users 2020
      • Table Smart machines in Europe by end-users 2015 and 2020 ($ billions)
    • Smart machines in industrial sector in Europe
      • Table Smart machines market in industrial sector in Europe 2015-2020 ($ billions)
    • Smart machines in service sector in Europe
      • Table Smart machines market in service sector in Europe 2015-2020 ($ billions)
    • Key end-user analysis
  • Market drivers
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive landscape
  • Key takeaways
  • Appendix
    • List of abbreviations
  • Explore Technavio

About the Smart Machines Market in Europe

The growing need for process improvements and the need to reduce cost on major process related parameters drive the adoption of smart machines in both the industrial and service industries. Major level of adoption is witnessed in the industrial set-up mainly due to the advantages of smart machines in streamlining the complete production or manufacturing processes. The industrial sector is governed by machines that are operated according to set parameters and continue in the process with the aid of automation solutions. Robotics and smart machines are the next generation of automation technologies that are adopted in factories to enhance productivity and cut process-related operational expenses.Service industries, which are highly customer centric, are on the verge of developing a one-stop solution environment with the existing workforce. Smart machines, such as expert systems and digital assistants, are deployed to address the growing consumer enquiries and complaints. Successful implementation of smart machines in service industries is expected to garner 25%-30% new customers in the banking and retail sectors.

Technavio’s analysts forecast the Smart Machines Market in Europe to grow at a CAGR of 15.18% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the Smart Machines Market in Europe for 2016-2020. To calculate the market size, the report considers revenue generated from the sales of smart machines such as expert systems, autonomous robots, and digital assistants in Europe.

The market is divided into the following segments based on type:

  • Expert system
  • Autonomous robot
  • Digital assistant
Technavio's report, Smart Machines Market in Europe 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • BAE Systems
  • Creative Virtual
  • Rethink Robotics
Other prominent vendors
  • Anki
  • Artificial Solutions
  • Astute Solutions
  • Knightscope
  • OpiFlex
  • QBotix
  • Robotics Inventions
  • Rockwell Collins
  • Ward Systems Group
Market driver
  • Reduction of redundancy in operations and increased safety
  • For a full, detailed list, view our report
Market challenge
  • Resistance to smart machines due to apprehension of job losses
  • For a full, detailed list, view our report
Market trend
  • Development of M2M technologies
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Smart Machines Market in Europe 2016-2020

Technavio recognizes the following companies as the key players in the Smart Machines Market in Europe: BAE Systems, Creative Virtual, and Rethink Robotics.

Other Prominent Vendors in the market are: Anki, Artificial Solutions, Astute Solutions, Knightscope, OpiFlex, QBotix, Robotics Inventions, Rockwell Collins, and Ward Systems Group.

Commenting on the report, an analyst from Technavio’s team said: “A trend that is expected to have a big impact on this market is the development of M2M technologies. Collaborative robots are emerging in the industrial sector with more number of applications opting for this technology to enhance productivity targets and safety of the working environment. With enhanced human-machine collaboration, the next level of communication in the industrial sector is expected in machine to machine (M2M) technologies. Robotic technology providers are developing and testing M2M technology in the industrial sector for large-scale implementation.”

According to the report, a key growth driver is the reduction of redundancy in operations and increased safety. The implementation of automation and robotics in a process or discrete industry minimizes the repeated operations performed by the skilled workforce. Organizations across industries are looking to curtail the use of labor in repeated operations. This increases the process efficiency, and reduces the cost incurred when deploying a human labor.

Further, the report states that one challenge that could hamper market growth is the lack of finance for smart machine companies. "

Companies Mentioned

BAE Systems, Creative Virtual, Rethink Robotics, Anki, Artificial Solutions, Astute Solutions, Knightscope, OpiFlex, QBotix, Robotics Inventions, Rockwell Collins, Ward Systems Group.

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report

;