Artificial Intelligence in Manufacturing Market by Offering, Technology, Application, Industry, and Geography - Global Forecast to 2023

  • ID: 4367910
  • Report
  • Region: Global
  • 191 Pages
  • Markets and Markets
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The Artificial Intelligence (AI) in Manufacturing Market Was Valued at USD 272.5 Million in 2016 and is Expected to Reach USD 4,882.9 Million by 2023, at a CAGR of 52.42% Between 2017 and 2023

FEATURED COMPANIES

  • Aibrain Inc.
  • Clearpath Robotics Inc.
  • DataRPM
  • Intel Corporation
  • Preferred Networks Inc.
  • Skymind Inc.
  • MORE

Artificial Intelligence in Manufacturing Market by Offering (Hardware, and Software), Technology (Deep Learning, Computer Vision, Context Awareness, and Natural Language Processing), Application, Industry, and Geography - Global Forecast to 2023

“Growing usage of big data technology and industrial IoT is expected to drive the growth of the AI in manufacturing market”

The artificial intelligence (AI) in manufacturing market was valued at USD 272.5 million in 2016 and is expected to reach USD 4,882.9 million by 2023, at a CAGR of 52.42% between 2017 and 2023.

The growth of this market is driven by the growing usage of big data technology in manufacturing, Industrial IoT, extensive usage of robotics, computer vision technology, cross-industry partnerships and collaborations, and significant increase in venture capital investments. However, reluctance among manufacturers to adopt AI-based technologies is the major factors restraining the growth of the AI in manufacturing market.

“Easy technology transfer and participation of established market leaders are the factors driving the growth of the AI in manufacturing market for the hardware segment”

Hardware includes graphics processing unit GPUs, digital signal processing (DSPs), field programming gateway array (FPGAs), Microprocessors, and tensor processing unit (TPU) chips. This segment is expected to grow at the highest CAGR in the AI in manufacturing market for offering. The GPU, DSP, and FPGA are widely used to implement the deep learning algorithm. In terms of throughput, GPU is faster than FPGA, whereas in the case of power efficiency, FPGA is better than GPU. Keeping these factors in mind, the AI providers choose the hardware accordingly.

“Extensive usage of computer vision camera in machinery inspection, material movement, field service, and quality control is driving the growth of the AI in manufacturing market”

Computer vision technology currently holds the largest market share among AI technologies. This demand has grown since the companies have started to structure the machine’s data for predictive analysis. Moreover, the growing usage of internet and connected devices along with huge volumes of machine data is driving the growth of the AI in manufacturing market.

“APAC to witness the highest growth rate in the AI in manufacturing market”

Asia Pacific (APAC) is expected to be the fastest-growing region in the AI in manufacturing market during the forecast period. APAC, especially China, Japan, and South Korea, is considered as the largest market for industrial robots. The industrial robots generate a huge amount of data. This data is used in deep learning algorithm to train the robots further. This would act as one of the major drivers for the growth of AI in manufacturing market in APAC.

The breakup of the profile of primary participants has been given below:

  • By Companies: Tier 1 - 40 %, Tier 2 - 20%, and Tier 3 - 40%
  • By Designation: C-level Executives - 40%, Directors - 40%, and Others - 20%
  • By Region: North America - 40%, Europe - 40%, APAC - 10%, and RoW - 10%

This report provides valuable insights into the ecosystem of the AI in manufacturing market including the software companies, and chipset and manufacturing related solution providers.

The major players in the AI in manufacturing market are: Siemens AG (Germany), Intel Corporation (US), NVIDIA Corporation (us), Alphabet Inc. (us), IBM Corporation, Microsoft Corporation (US), General Electric Company (US), DataRPM, Sight Machine (US), General Vision, Inc. (US), AIBrain, Inc. (US), Rockwell, Automation Inc. (US), Cisco Systems, Inc. (US), Mitsubishi Electric Corporation (Japan), Oracle Corporation (US), SAP SE (Germany), Preferred Networks, Inc. (Japan), Vicarious Inc. (US), Skymind Inc.(US), Citrine Informatics (US), CloudMinds Technologies (US), and Ubtech Robotics Corp. (China).

Research Coverage

The AI in manufacturing market has been segmented on the basis of offering, technology, application, industry, and geography:

  • By offering, the market has been further segmented into hardware and software
  • By technology, the market is segmented into deep learning, computer vision, context awareness, and natural language processing (NLP)
  • By application, the market is segmented into material movement, predictive maintenance and machinery inspection, production planning, field services, reclamation, and quality control
  • By industry, the market is segmented into semiconductor and electronics, energy and power, pharmaceuticals, automobile, heavy metals and machine manufacturing, food and beverages, others (textiles and aerospace)
  • By geography, the market has been segmented into North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)

Reasons to Buy the Report:

The report would help the market leaders/new entrants in the AI in manufacturing market in the following ways:

  • This report segments the AI in manufacturing market comprehensively and provides the closest approximations of the market sizes for the overall market segments and subsegments across different applications and regions
  • This report helps stakeholders to understand the pulse of the AI in manufacturing market and provides them information on key market drivers, restraints, challenges, and opportunities
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FEATURED COMPANIES

  • Aibrain Inc.
  • Clearpath Robotics Inc.
  • DataRPM
  • Intel Corporation
  • Preferred Networks Inc.
  • Skymind Inc.
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Scope of the Study
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary and Primary Research
2.1.1.1 Key Industry Insights
2.1.2 Secondary Data
2.1.2.1 List of Major Secondary Sources
2.1.2.2 Key Data From Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Interviews With Experts
2.1.3.2 Breakdown of Primaries
2.1.3.3 Key Data From Primary Sources
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Capturing the Market Share By Bottom-Up Analysis (Demand Side)
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
2.3 Data Triangulation
2.4 Research Assumptions
2.5 Demand- and Supply-Side Analysis of AI in the Manufacturing Market
2.5.1 Introduction
2.5.2 Demand-Side Analysis
2.5.2.1 Growth in Business Outlook in the Manufacturing Sector
2.5.2.2 Shortage of Skilled Labor
2.5.2.3 Rising Wages of Labor
2.5.3 Supply-Side Analysis
2.5.3.1 Cross-Industry Partnership in the Manufacturing Domain

3 Executive Summary

4 Premium Insights
4.1 Global AI in Manufacturing Market
4.2 AI in Manufacturing Market By Offerings
4.3 AI in Manufacturing Market By Technology
4.4 AI in Manufacturing Market, By Application and Geography
4.5 AI in Manufacturing Market By Geography in 2016

5 Market Overview
5.1 Introduction
5.1.1 Drivers
5.1.1.1 Big Data Technology in Manufacturing
5.1.1.2 Industrial IoT in Manufacturing
5.1.1.3 Extensive Usage of Robotics in Manufacturing
5.1.1.4 Computer Vision Technology in Manufacturing
5.1.1.5 Significant Increase in Venture Capital Investments
5.1.2 Restraints
5.1.2.1 Reluctance Among the Manufacturers to Adopt AI-Based Technologies
5.1.3 Opportunities
5.1.3.1 Significant Growth Opportunities for AI-Based Technology in Emerging and Developed Countries
5.1.3.2 Improving Operational Efficiency of Manufacturing Plants
5.1.4 Challenges
5.1.4.1 Concerns Regarding Data Privacy

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis of AI in Manufacturing
6.3 Funding

7 Artificial Intelligence in Manufacturing Market, By Offering
7.1 Introduction
7.2 Hardware
7.3 Software
7.3.1 AI Platform
7.3.2 AI Solution

8 Artificial Intelligence in Manufacturing Market, By Technology
8.1 Introduction
8.2 Computer Vision
8.3 Deep Learning
8.4 Natural Language Processing (NLP)
8.5 Context Awareness

9 Artificial Intelligence in Manufacturing Market, By Application
9.1 Introduction
9.2 Predictive Maintenance and Machinery Inspection
9.3 Material Movement
9.4 Production Planning
9.5 Field Services
9.6 Quality Control
9.7 Reclamation

10 Artificial Intelligence in Manufacturing Market, By Industry
10.1 Introduction
10.2 Automobile
10.3 Energy and Power
10.4 Pharmaceuticals
10.5 Heavy Metals and Machine Manufacturing
10.6 Semiconductor and Electronics
10.7 Food and Beverages
10.8 Others

11 Geographic Analysis
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 France
11.3.3 UK
11.3.4 Rest of Europe
11.4 APAC
11.4.1 China
11.4.2 Japan
11.4.3 South Korea
11.4.4 India
11.4.5 Rest of APAC
11.5 Rest of the World
11.5.1 South America
11.5.2 Middle East and Africa

12 Competitive Landscape
12.1 Overview
12.2 Market Ranking Analysis in AI Manufacturing Market
12.3 Competitive Leadership Mapping, 2016
12.3.1 Visionary Leaders
12.3.2 Dynamic Differentiators
12.3.3 Innovators
12.3.4 Emerging Companies
12.4 Competitive Benchmarking
12.4.1 Business Strategy Excellence (For All 25 Players)
12.4.2 Strength of Product Portfolio (25 Companies)

13 Company Profiles
(Business Overview, Products Offered, Product Offering Scorecard, Business Strategy Scorecard, Recent Developments, Key Relationships)
13.1 Introduction
13.2 Siemens AG
13.3 Intel Corporation
13.4 Nvidia Corporation
13.5 Alphabet Inc.
13.6 IBM Corporation
13.7 Microsoft Corporation
13.8 General Electric (GE) Company
13.9 DataRPM
13.10 Sight Machine
13.11 General Vision, Inc.
13.12 AIBrain
13.13 Rockwell Automation Inc.
13.14 Cisco Systems, Inc.
13.15 Mitsubishi Electric Corporation
13.16 Oracle Corporation
13.17 SAP SE
13.18 Start-Up Ecosystem
13.18.1 Preferred Networks, Inc.
13.18.2 Vicarious Inc.
13.18.3 Skymind, Inc.
13.18.4 Citrine Informatics
13.18.5 Cloudminds Technologies
13.18.6 UBTech Robotics Corp.
Details on Business Overview, Products Offered, Product Offering Scorecard, Business Strategy Scorecard, Recent Developments, Key Relationships Might Not Be Captured in Case of Unlisted Companies

List of Tables
Table 1 Funding in AI in Manufacturing 2012-2016
Table 2 AI in Manufacturing Market, By Offering, 2014-2023 (USD Million)
Table 3 AI in Manufacturing Market, By Hardware, 2014-2023 (USD Million)
Table 4 AI in Manufacturing Market for Hardware, By Region, 2014-2023 (USD Million)
Table 5 AI in Manufacturing Market for Hardware in North America, By Country, 2014-2023 (USD Million)
Table 6 AI in Manufacturing Market for Hardware in Europe, By Country, 2014-2023 (USD Million)
Table 7 AI in Manufacturing Market for Hardware in APAC, By Country, 2014-2023 (USD Million)
Table 8 AI in Manufacturing Market for Hardware in RoW, By Country, 2014-2023 (USD Million)
Table 9 AI in Manufacturing Market for Offering, By Software, 2014-2023 (USD Million)
Table 10 AI in Manufacturing Market for Software, By Region, 2014-2023 (USD Million)
Table 11 AI in Manufacturing Market for Software in North America, By Country, 2014-2023 (USD Million)
Table 12 AI in Manufacturing Market for Software in Europe, By Country, 2014-2023 (USD Million)
Table 13 AI in Manufacturing Market for Software in APAC, By Country, 2014-2023 (USD Million)
Table 14 AI in Manufacturing Market for Software in RoW, By Country, 2014-2023 (USD Million)
Table 15 AI in Manufacturing Market, By Technology, 2014-2023 (USD Million)
Table 16 AI in Manufacturing Market for Computer Vision, By Application, 2014-2023 (USD Million)
Table 17 AI in Manufacturing Market for Deep Learning, By Process, 2014-2023 (USD Million)
Table 18 AI in Manufacturing Market for Deep Learning, By Application, 2014-2023 (USD Million)
Table 19 AI in Manufacturing Market for NLP, By Application, 2014-2023 (USD Million)
Table 20 AI in Manufacturing Market for Context Awareness, By Application, 2014-2023 (USD Million)
Table 21 AI in Manufacturing Market, By Application, 2014-2023 (USD Million)
Table 22 AI in Manufacturing Market for Predictive Maintenance and Machinery Inspection, By Region, 2014-2023 (USD Million)
Table 23 AI in Manufacturing Market for Predictive Maintenance and Machinery Inspection, By Technology, 2014-2023 (USD Million)
Table 24 AI in Manufacturing Market for Material Movement, By Region, 2014-2023 (USD Million)
Table 25 AI in Manufacturing Market for Material Movement, By Technology, 2014-2023 (USD Million)
Table 26 AI in Manufacturing Market for Production Planning, By Region, 2014-2023 (USD Million)
Table 27 AI in Manufacturing Market for Production Planning, By Technology, 2014-2023 (USD Million)
Table 28 AI in Manufacturing Market for Field Services, By Region, 2014-2023 (USD Million)
Table 29 AI in Manufacturing Market for Field Services, By Technology, 2014-2023 (USD Million)
Table 30 AI in Manufacturing Market for Quality Control, By Region, 2014-2023 (USD Million)
Table 31 AI in Manufacturing Market for Quality Control, By Technology, 2014-2023 (USD Million)
Table 32 AI in Manufacturing Market for Reclamation, By Region, 2014-2023 (USD Million)
Table 33 AI in Manufacturing Market for Reclamation, By Technology, 2014-2023 (USD Million)
Table 34 AI in Manufacturing Market, By Industry, 2014-2023 (USD Million)
Table 35 AI in Manufacturing Market for Automobile, By Region, 2014-2023 (USD Million)
Table 36 AI in Manufacturing Market for Energy and Power, By Region, 2014-2023 (USD Million)
Table 37 AI in Manufacturing Market for Pharmaceuticals, By Region, 2014-2023 (USD Million)
Table 38 AI in Manufacturing Market for Heavy Metals and Machine Manufacturing, By Region, 2014-2023 (USD Million)
Table 39 AI in Manufacturing Market for Semiconductor and Electronics, By Region, 2014-2023 (USD Million)
Table 40 AI in Manufacturing Market for Food and Beverages, By Region, 2014-2023 (USD Million)
Table 41 AI in Manufacturing Market for Others, By Region, 2014-2023 (USD Million)
Table 42 AI in Manufacturing Market, By Region, 2014-2023 (USD Million)
Table 43 AI in Manufacturing Market in North America, By Country, 2014-2023 (USD Million)
Table 44 AI in Manufacturing Market in US, By Offering, 2014-2023 (USD Million)
Table 45 AI in Manufacturing Market in Canada, By Offering, 2014-2023 (USD Million)
Table 46 AI in Manufacturing Market in Mexico, By Offering, 2014-2023 (USD Million)
Table 47 AI in Manufacturing Market in Europe, By Country, 2014-2023 (USD Million)
Table 48 AI in Manufacturing Market in Germany, By Offering, 2014-2023 (USD Million)
Table 49 AI in Manufacturing Market in France, By Offering, 2014-2023 (USD Million)
Table 50 AI in Manufacturing Market in UK, By Offering, 2014-2023 (USD Million)
Table 51 AI in Manufacturing Market in RoE, By Offering, 2014-2023 (USD Million)
Table 52 AI in Manufacturing Market in APAC, By Country, 2014-2023 (USD Million)
Table 53 AI in Manufacturing Market in China, By Offering, 2014-2023 (USD Million)
Table 54 AI in Manufacturing Market in Japan, By Offering, 2014-2023 (USD Million)
Table 55 AI in Manufacturing Market in South Korea, By Offering, 2014-2023 (USD Million)
Table 56 AI in Manufacturing Market in India, By Offering, 2014-2023 (USD Million)
Table 57 AI in Manufacturing Market in Rest of APAC, By Offering, 2014-2023 (USD Million)
Table 58 AI in Manufacturing Market in RoW, By Region, 2014-2023 (USD Million)
Table 59 AI in Manufacturing Market in South America, By Offering, 2014-2023 (USD Million)
Table 60 AI in Manufacturing Market in Middle East and Africa, By Offering, 2014-2023 (USD Million)
Table 61 Top 5 Players in AI in Manufacturing Market, 2016

List of Figures
Figure 1 AI in Manufacturing Market: Segmentation
Figure 2 AI in Manufacturing Market: Research Design
Figure 3 Process Flow of Market Size Estimation
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Manufacturing Business Outlook Index in US Between 2013 (First Quarter) and 2017 (First Quarter)
Figure 8 Global Increase in Labor Wages Between 2000 and 2013
Figure 9 AI in Manufacturing Market, By Offering, 2016
Figure 10 AI in Manufacturing Market, By Technology, 2016
Figure 11 AI in Manufacturing Market, By Application, 2016
Figure 12 AI in Manufacturing Market, By Industry, 2016
Figure 13 AI in Manufacturing Market, By Region, 2016
Figure 14 AI in Manufacturing Market Expected to Grow at High CAGR Between 2017 and 2023
Figure 15 Software Segment Expected to Have Largest Share of AI in Manufacturing Market During Forecast Period
Figure 16 Computer Vision Technology Held Largest Share of AI in Manufacturing Market in 2016
Figure 17 Predictive Maintenance and Machinery Inspection Application Held Largest Share of AI in Manufacturing Market in 2016
Figure 18 Asia Pacific Expected to Grow at Highest CAGR in AI in Manufacturing Market Between 2017 and 2023
Figure 19 AI in Manufacturing Market: Drivers, Restraints, Opportunities, and Challenges
Figure 20 Value Chain Analysis of AI in Manufacturing
Figure 21 Software to Hold Largest Share of AI in Manufacturing Market By 2023
Figure 22 US to Hold the Largest Share of AI in Manufacturing Market for Hardware in North America By 2023
Figure 23 China to Hold Largest Share of AI in Manufacturing Market for Hardware in APAC By 2023
Figure 24 AI Platform Expected to Grow at the Highest CAGR in AI Manufacturing Market for Software During 2017-2023
Figure 25 China to Hold Largest Share of AI in Manufacturing for Software in APAC in 2023
Figure 26 Artificial Intelligence in the Manufacturing Market, By Technology
Figure 27 Deep Learning Expected to Be Fastest-Growing Technology in AI in Manufacturing Market Between 2017 and 2023
Figure 28 Quality Control Expected to Be Fastest-Growing Application in AI in Manufacturing Market for Deep Learning Technology Between 2017 and 2023
Figure 29 Predictive Maintenance and Machinery Inspection Application is Expected to Hold Largest Share of AI in Manufacturing Market By 2023
Figure 30 North America Had Largest Share of AI in Manufacturing Market for Material Movement in 2016
Figure 31 North America Had the Largest Share for Field Services in 2016
Figure 32 Deep Learning is Expected to Experience the Fastest Growth in Quality Control During 2017-2023
Figure 33 Automobile Held Largest Share of AI in Manufacturing Market in 2016
Figure 34 North America Expected to Hold Largest Share of AI in Manufacturing for Energy and Power By 2023
Figure 35 APAC Expected to Experience Fastest Growth in AI in Manufacturing Market for Heavy Metals and Machine Manufacturing During the Forecast Period
Figure 36 Europe to Hold Largest Share of AI in Manufacturing for Food and Beverages By 2023
Figure 37 AI in Manufacturing Market Segmentation, By Region
Figure 38 North America Expected to Dominate AI in Manufacturing Market During Forecast Period
Figure 39 Snapshot: AI in Manufacturing Market in North America
Figure 40 Software Segment Expected to Lead AI in Manufacturing Market Based on Offerings in US During the Forecast Period
Figure 41 Snapshot: AI in Manufacturing Market in Europe
Figure 42 Germany Expected to Dominate AI in Manufacturing Market in Europe During Forecast Period
Figure 43 Software Segment to Lead AI in Manufacturing Market in UK During Forecast Period
Figure 44 Snapshot: AI in Manufacturing Market in APAC
Figure 45 Hardware Segment Expected to Grow at Highest CAGR in AI in Manufacturing Market in Japan During 2017-2023
Figure 46 Hardware Segment to Grow at Highest CAGR in AI in Manufacturing Market in South America During 2017-2023
Figure 47 Siemens AG: Company Snapshot (2016)
Figure 48 Intel Corporation: Company Snapshot (2016)
Figure 49 Nvidia Corporation: Company Snapshot (2016)
Figure 50 Alphabet Inc.: Company Snapshot (2016)
Figure 51 IBM Corporation: Company Snapshot (2016)
Figure 52 Microsoft Corporation: Company Snapshot (2016)
Figure 53 General Electric Company: Company Snapshot (2016)
Figure 54 Rockwell Automation Inc.: Company Snapshot(2016)
Figure 55 Cisco Systems, Inc.: Company Snapshot (2016)
Figure 56 Mitsubishi Electric Corporation: Company Snapshot (2016)
Figure 57 Oracle Corporation: Company Snapshot (2016)
Figure 58 SAP SE: Company Snapshot (2016)

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  • Aibrain Inc.
  • Alphabet Inc.
  • Arimo Inc.
  • Citrine Informatics
  • Clearpath Robotics Inc.
  • Cloudminds Technologies
  • DarkTrace
  • DataRobot
  • DataRPM
  • General Electric Company
  • General Vision Inc.
  • IBM Corporation
  • Intel Corporation
  • Kespry Inc.
  • Microsoft Corporation
  • Nvidia Corporation
  • Omron Adept Technologies Inc
  • Preferred Networks Inc.
  • Rockwell Automation Inc.
  • Siemens AG
  • Sight Machine
  • Skymind Inc.
  • TAMR Inc.
  • UBTech Robotics Corp.
  • Vicarious Inc.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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