LONDON, April 6, 2016 /PRNewswire/ -- Digital Roadmap for European Manufacturing : Digital, Virtual, and Resource-Efficient Factories Will Transform the European Industrial Landscape
The European manufacturing industry is the largest contributor to the non-financial business economy value added and the second-largest of the Nomenclature of Economic Activities (NACE) sections. Manufactured products contribute to more than 80% of all European exports, mainly supported by SMEs, which provide about 59% of the manufacturing employment. Digitization of the manufacturing sector will not only deliver sustainable and inclusive growth but also address the needs of citizens and the environment. The aim of this study is to understand the impact of European manufacturing on social-driven targets and challenges, including joint government-industry investments in cross-disciplinary manufacturing sectors.
Executive Summary
European Manufacturing—State of the Industry
- In 2014, the European Union (EU) produced an economic output of $ trillion, in which % of the GDP was contributed by the manufacturing and industrial sector.
- Germany, France, and Spain are expected to witness stable growth in manufacturing. Poland and Turkey are recovering steadily and are also expected to contribute to the EU's growth in the near future.
European Manufacturing—Mega Trends Shaping the Future
Challenges such as the declining industrial sector's share of value-added, dwindling skilled workforce and disparities in digitization are expected to be overcome by evolving mega trends such as collaborative enterprises, optimisable digital factories, and customer-centric transformation.
Top Technologies and Applications Fuelling the Digital Wave
Control-on-the-go, data analytics, and robot-centric manufacturing are some technologies that are likely to pave the way for digitization in the manufacturing sector.
- The manufacturing sector is expected to witness high data growth rate resulting in storage requirements increasing by %– % year on year.
End-user Perceptions on Smart Manufacturing Concepts
Collaboration between ICT companies and manufacturing firms is expected to increase, to enable real-time data management and analytics.
- This is to develop a workforce that diverts from performing routine tasks to focus on more value-added activities
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