The report of Global Artificial Intelligence (AI) in Manufacturing Market by Offering (Hardware, Software, Services), Technology (Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision), Application (Predictive Maintenance & Machinery Inspection, Material Movement, Production Planning, Field Services, Quality Control, Cybersecurity, Industrial Robots, Reclamation), Industry (Energy & Power, Pharmaceuticals, Heavy Metals & Machinery Manufacturing, Semiconductors & Electronics, Food & Beverages, Others), and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ 18.5 Bn by 2027, at a CAGR of XX% during a forecast period.
Manufacturing enterprises are moving toward the execution of Industry 4.0 standard to intensify automation to achieve higher operational efficiencies. This is growing the adoption of a greater number of connected devices and technologies like big data, ML, and IoT, which is resulting in the generation of high volumes of data. This, in turn, is exciting manufacturing firms to adopt AI-based solutions to extract insights from the data to improve the management of operations. Hence, the integration of industrial IoT and big data is crucial in fueling the growth of the market.
Machine Learning segment is expected to account for the largest XX% market share by 2027.
Machine Learning segment is estimated to grow at a CAGR of over XX% during the forecast. This is primarily attributed to the factors like growing demand for predictive maintenance & machinery inspection, material handling, production planning; and an upsurge in the unstructured data generated by the manufacturing industry. Also, the increase in demand for anomaly detection, root cause analysis, and quality control in manufacturing operations is further contributing to the growth of the market in future.
The APAC region is expected to account for the largest XX% market share by 2027.
The presence of manufacturing firms in the APAC artificial intelligence (AI) in the manufacturing market helped the region account for a projecting market share in 2019. China is expected to hold the largest XX% market share in the region in the future. Excluding China, the total manufacturing expenditure in the Asia Pacific region is projected to grow at CAGR of XX.8% over the forecast period.
Key players operating in the Global Artificial Intelligence (AI) in Manufacturing Market are Nvidia, Intel, IBM, Siemens, General Electric (GE) Company, Google, Microsoft, Micron Technology, Amazon Web Services (AWS), Sight Machine, Progress Software Corporation (Datarpm), Aibrain, General Vision, Rockwell Automation, Cisco Systems, Mitsubishi Electric, Oracle, SAP, Vicarious, Ubtech Robotics
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Artificial Intelligence (AI) in Manufacturing Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Artificial Intelligence (AI) in Manufacturing Market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Artificial Intelligence (AI) in Manufacturing Market positioning of competitors.
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