Market Size of Europe ICS Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR (2024 - 2029) | 12.30 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Europe Industrial Control Systems Market Analysis
The Europe ICS Market is expected to register a CAGR of 12.30% during the forecast period.
- There is a rise in the need to decrease manufacturing costs and applications of the Internet of Things and machine-to-machine (M2M) technologies. According to a government-commissioned review, the manufacturing sector in the country can unlock GBP 455 million (USD 550 million) over the next decade and create thousands of jobs if it cracks the fourth industrial revolution.
- The bulk adoption of automation tools is witnessed in the region’s automotive and manufacturing sectors. IoT allows automated driving assistance, vehicle maintenance, passenger infotainment, & vehicle-to-vehicle communications in the automotive industry.
- The government’s efforts to control and maintain the cybersecurity industry has suffered opposition from business associations. The resistance to building a certification regime to rank firms based on their performance against cybersecurity metrics is hampering innovations to upgrade security. However, the country’s industrial policy aims to encourage private investment and human capital development in line with addressing the cybersecurity challenge.
- The ANSSI (National Agency for Information Systems Security) suggested a similar class-based approach to dealing with cyber security issues within France. The country’s Industrial Cyber Plan strives for a voluntary information-sharing system (CERT-FR) to help a reporting mechanism, sharing best practices among companies, sponsorship of crisis management exercises involving the private sector (Piranet), and certification schemes for cybersecurity firms.
- Aging hardware or software for ICS in numerous organizations is also a factor for increasing complexity, as many organizations even use inheritance ICS due to their importance in the functioning of the plant. The advanced age of ICS creates excellent opportunities for cyberattacks and increases complexities.
- The COVID-19 pandemic has forced manufacturing industries to re-evaluate their traditional production processes, mainly driving digital transformation and smart manufacturing practices across production lines. The manufacturers are also forced to develop and execute multiple new and agile techniques to monitor product and quality control.
Europe Industrial Control Systems Industry Segmentation
Industrial control systems comprise a network of interconnected equipment that supervises and controls physical equipment in many industrial environments. These systems have a combination of control systems like supervisory control and data acquisition (SCADA) systems, distributed control systems (DCS), programmable logic controllers (PLC), and related security systems, which are used primarily for remote supervision, process automation, and critical infrastructure automation.
The Europe ICS market is segmented by operational technology (Supervisory Control and Data Acquisition (SCADA), Distributed Control System (DCS), Programmable Logic Controller (PLC), Intelligent Electronic Devices (IED), Human Machine Interface (HMI), and other systems), by software (Asset Performance Management (APM), Product Lifecycle Management (PLM), Manufacturing Execution System (MES), Enterprise Resource Planning (ERP)), by end-user industry (oil and gas, chemical and petrochemical, power and utilities, food and beverages, automotive and transportation, life sciences, water and wastewater, metal and mining, pulp and paper, electronics/semiconductor, other end-user industries), and by country (United Kingdom, Germany, France, and the rest of Europe). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
By Operational Technology | |
Supervisory Control and Data Acquisition (SCADA) | |
Distributed Control System (DCS) | |
Programmable Logic Controller (PLC) | |
Intelligent Electronic Devices (IED) | |
Human Machine Interface (HMI) | |
Other Systems |
By Software | |
Asset Performance Management (APM) | |
Product Lifecycle Management (PLM) | |
Manufacturing Execution System (MES) | |
Enterprise Resource Planning (ERP) |
By End-user Industry | |
Oil and Gas | |
Chemical and Petrochemical | |
Power and Utilities | |
Food and Beverages | |
Automotive and Transportation | |
Life Sciences | |
Water and Wastewater | |
Metal and Mining | |
Pulp and Paper | |
Electronics/Semiconductor | |
Other End-user Industries |
By Country | |
United Kingdom | |
Germany | |
France | |
Rest of Europe |
Europe ICS Market Size Summary
The European industrial control systems market is experiencing significant growth, driven by the need for digital transformation and smart manufacturing practices. The COVID-19 pandemic has accelerated this shift, prompting manufacturers to adopt more agile approaches to product and quality control. The integration of Internet of Things (IoT) and machine-to-machine technologies is becoming increasingly important as companies seek to reduce manufacturing costs and enhance efficiency. The automotive and manufacturing sectors are leading the adoption of automation tools, with advancements in IoT enabling features such as automated driving assistance and vehicle-to-vehicle communications. However, challenges such as aging hardware and software, along with cybersecurity concerns, are complicating the landscape. Governments are actively working to bolster cybersecurity measures, though resistance from business associations poses challenges to innovation in this area.
The market is moderately fragmented, with numerous players engaged in product development and strategic activities like partnerships and acquisitions. Key developments include the release of advanced automation systems and cybersecurity solutions by companies such as Schneider Electric, ABB, and Honeywell. These innovations aim to enhance plant operations and safeguard industrial control systems from cyber threats. The automotive sector, in particular, is witnessing a shift towards electric vehicles, further driving demand for automated manufacturing facilities. As cyberattacks on operational technology assets increase, there is a growing emphasis on cybersecurity technologies to protect critical infrastructure. Overall, the European industrial control systems market is poised for substantial growth, supported by technological advancements and strategic investments.
Europe ICS Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Value Chain Analysis
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1.3 Industry Attractiveness: Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Buyers
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1.3.3 Threat of New Entrants
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1.3.4 Intensity of Competitive Rivalry
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1.3.5 Threat of Substitute Products
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1.4 Assessment of the Impact of Macroeconomic Trends on the Industry
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2. MARKET SEGMENTATION
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2.1 By Operational Technology
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2.1.1 Supervisory Control and Data Acquisition (SCADA)
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2.1.2 Distributed Control System (DCS)
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2.1.3 Programmable Logic Controller (PLC)
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2.1.4 Intelligent Electronic Devices (IED)
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2.1.5 Human Machine Interface (HMI)
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2.1.6 Other Systems
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2.2 By Software
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2.2.1 Asset Performance Management (APM)
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2.2.2 Product Lifecycle Management (PLM)
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2.2.3 Manufacturing Execution System (MES)
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2.2.4 Enterprise Resource Planning (ERP)
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2.3 By End-user Industry
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2.3.1 Oil and Gas
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2.3.2 Chemical and Petrochemical
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2.3.3 Power and Utilities
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2.3.4 Food and Beverages
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2.3.5 Automotive and Transportation
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2.3.6 Life Sciences
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2.3.7 Water and Wastewater
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2.3.8 Metal and Mining
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2.3.9 Pulp and Paper
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2.3.10 Electronics/Semiconductor
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2.3.11 Other End-user Industries
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2.4 By Country
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2.4.1 United Kingdom
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2.4.2 Germany
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2.4.3 France
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2.4.4 Rest of Europe
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Europe ICS Market Size FAQs
What is the current Europe ICS Market size?
The Europe ICS Market is projected to register a CAGR of 12.30% during the forecast period (2024-2029)
Who are the key players in Europe ICS Market?
IBM, Siemens AG, ABB, Honeywell International Inc. and Schneider Electric are the major companies operating in the Europe ICS Market.