Europe Edge AI in Industrial Automation Market Size, Share & Trends Analysis Report By Organization Size (Large Enterprises, and Small & Medium Enterprises), By Deployment Type, By Component, By End-Use, By Solutions, By Country and Growth Forecast, 2024

Europe Edge AI in Industrial Automation Market Size, Share & Trends Analysis Report By Organization Size (Large Enterprises, and Small & Medium Enterprises), By Deployment Type, By Component, By End-Use, By Solutions, By Country and Growth Forecast, 2024 - 2031

The Europe Edge AI in Industrial Automation Market would witness market growth of 25.1% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe Edge AI in Industrial Automation Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $15,495.5 million by 2031. The UK market is exhibiting a CAGR of 24.3% during (2024 - 2031). Additionally, The France market would experience a CAGR of 26.1% during (2024 - 2031).

Edge AI enhances cobots' safety, adaptability, and efficiency by allowing them to instantly respond to environmental changes, such as avoiding collisions when a human moves into their path. Cobots also make automation accessible to small and medium-sized enterprises (SMEs), providing a cost-effective alternative to traditional large-scale automation solutions.

Moreover, by taking over physically demanding tasks and working collaboratively with human employees, cobots help improve worker safety, reduce fatigue, and boost overall productivity. As industries increasingly adopt cobots powered by edge AI, the integration of human and machine labor is set to drive a new era of efficiency and innovation in industrial operations.

Across Europe, the demand for edge AI in industrial automation is significantly influenced by the rising installation of industrial robots, as industries aim to improve productivity, reduce costs, and adapt to changing market dynamics. According to the International Robotics Federation (IFR) industrial robot installations in Europe rose 9% to 92,393 units. In total, 80% of installations in 2023 could be attributed to destinations in the European Union (73,534 units, up by 2%). In 2023, growth was strongly driven by the automotive industry investing in traditionally strong car manufacturing countries such as Spain (5,053 units +31%) but also in smaller markets such as Slovakia (2,174 units, +48%) or Hungary (1,657 units, +31%).

Based on Organization Size, the market is segmented into Large Enterprises, and Small & Medium Enterprises. Based on Deployment Type, the market is segmented into On-premise, and Cloud. Based on Component, the market is segmented into Hardware (Edge Devices, Sensors, and Gateways), Software (Edge Platforms, AI Algorithms, and Machine Learning Models), and Services (Deployment, Integration, and Consulting). Based on End-Use, the market is segmented into Manufacturing, Energy & Utilities, Oil & Gas, Automotive, Logistics & Transportation, Healthcare, and Other End-Uses. Based on Solutions, the market is segmented into Predictive Maintenance, Quality Control & Inspection, Process Optimization, Anomaly Detection, Energy Efficiency Management, and Other Solutions. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled

• Microsoft Corporation
• IBM Corporation
• Amazon Web Services, Inc. (Amazon.com, Inc.)
• NVIDIA Corporation
• Google LLC (Alphabet Inc.)
• Synaptics Incorporated
• Nutanix, Inc.
• Adlink Technology, Inc.
• Gorilla Technology Group Inc.
• Oracle Corporation

Europe Edge AI in Industrial Automation Market Report Segmentation

By Organization Size

• Large Enterprises
• Small & Medium Enterprises

By Deployment Type

• On-premise
• Cloud

By Component

• Hardware
• Edge Devices
• Sensors
• Gateways
• Software
• Edge Platforms
• AI Algorithms
• Machine Learning Models
• Services
• Deployment
• Integration
• Consulting

By End-Use

• Manufacturing
• Energy & Utilities
• Oil & Gas
• Automotive
• Logistics & Transportation
• Healthcare
• Other End-Uses

By Solutions

• Predictive Maintenance
• Quality Control & Inspection
• Process Optimization
• Anomaly Detection
• Energy Efficiency Management
• Other Solutions

By Country

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe