Smart machines have cognitive computing ability, and use artificial intelligence (AI) and machine learning algorithms to sense, learn, reason, and interact with humans. They offer desired output and solve problems accurately and precisely.
The rising concept of Industry 4.0 that include automation, IoT, cloud computing, and smart machines in the automotive and electricals and electronics industries is crucial for the growth of the smart machines market in the Americas. The expert system segment has the largest share of the market due to wide acceptance across the manufacturing and service sectors in the US, Canada, Mexico, and Brazil.
The analysts forecast the smart machines market in the Americas to grow at a CAGR of 14.96% 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 the Americas 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 the Americas.
The market is divided into the following segments based on types:
- Expert system
- Autonomous robots
- Digital assistants
The report, Smart Machines Market in the Americas 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.
- BAE Systems
- Rethink Robotics
Other prominent vendors
- Artificial Solutions
- Prioria Robotics
- Rockwell Collins
- Ward Systems Group
- Growth of investments in smart technologies
- Resistance to smart machines due to apprehension of job losses
- Expansion of robot capabilities
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?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
- Market overview
- Top-vendor offerings
- Other prominent vendors
- Research methodology
- Economic indicators
- Key market highlights
- How the market grew?
- How the market will grow?
- Market size and forecast
- Five forces analysis
- Key stakeholder responsibilities
- Smart machines market segmentation by types in the Americas
- Expert systems market in the Americas
- Autonomous robots market in the Americas
- Digital assistants market in the Americas
- Key market analysis
- Smart machines in the Americas by end-users
- Smart machines in industrial sector in the Americas
- Smart machines in service sector in the Americas
- Key end-user analysis
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
- Competitive landscape
- Recent developments
- List of abbreviations
List of Exhibits
Exhibit 01: Market segmentation by types
Exhibit 02: Market segmentation by end-users
Exhibit 03: Product offerings
Exhibit 04: Other prominent vendors
Exhibit 05: History and future of smart machines
Exhibit 06: Components of an expert system
Exhibit 07: Smart machines market in the Americas 2015-2020 ($ billions)
Exhibit 08: Five forces analysis
Exhibit 09: Smart machines: Value chain analysis
Exhibit 10: Smart machines in the Americas by types 2015
Exhibit 11: Smart machines market in the Americas by types 2020
Exhibit 12: Smart machines market in the Americas by types 2015 and 2020 ($ millions)
Exhibit 13: Year wise growth rate comparison by types 2016-2020
Exhibit 14: Expert systems market in the Americas 2015-2020 ($ billions)
Exhibit 15: Autonomous robots market in the Americas 2015-2020 ($ millions)
Exhibit 16: Digital assistants market in the Americas 2015-2020 ($ millions)
Exhibit 17: Smart machines in the Americas by end-users 2015
Exhibit 18: Smart machines in the Americas by end-users by 2020
Exhibit 19: Smart machines market in the Americas by end-users 2015 and 2020
Exhibit 20: Smart machines market in industrial sector in the Americas 2015-2020 ($ billions)
Exhibit 21: Smart machines market in service sector in the Americas 2015-2020 ($ billions)
Exhibit 22: Pilot projects in retail sector
Exhibit 23: Impact of drivers
Exhibit 24: Impact of drivers and challenges
Exhibit 25: Vendors market strategy
Exhibit 26: Recent developments
The author of the report recognizes the following companies as the key players in the Smart Machines Market in the Americas: Aethon, BAE Systems, Rethink Robotics, and SAAB.
Other Prominent Vendors in the market are: Anki, Artificial Solutions, Knightscope, Neuralware, Prioria Robotics, QBotix, Rockwell Collins, Ward Systems Group.
Commenting on the report, an analyst from the research team said: “A key market trend that is boosting market growth is the expansion of robot capabilities. Visual robotics systems are more established systems, and require an exact area at a particular time to work. The traditional robot was visually impaired and modified to pick and process wherein every progression was customized and truly detailed to the requirement of the end-user. Advances in technology and use of cameras and software have made robots more accurate in identifying locations. Such robots are more flexible in movement and subsequently cost-effective.”
According to the report, a key growth driver is the growth of investments in smart technologies. Cloud computing, cyber-security, and mobile communications technologies are shaping industrial automation and integrating various departments such as factory floor, end-users, and other verticals of an enterprise. The need to monitor and evaluate real-time data and the process of streamlining the manufacturing set-up by providing a transparent environment between the different entities of free flow have increased investments in smart machines with AI technology
Further, the report states that one challenge that could hamper market growth is the resistance to smart machines due to apprehension of job losses.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.