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Global Artificial Intelligence in Manufacturing Market - Technologies, Market Share and Industry Forecast to 2024

  • ID: 4622910
  • Report
  • Region: Global
  • 240 Pages
  • Occams Business Research and Consulting
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Global Artificial Intelligence in Manufacturing Market is Expected to Rise with the CAGR of about 52%

FEATURED COMPANIES

  • AIBrain (U.S.)
  • Alphabet Inc. (U.S.)
  • Datarpm (U.S.)
  • IBM Corporation (U.S.)
  • Intel Corporation (U.S.)
  • Nvidia Corporation (U.S.)
  • MORE

Global artificial intelligence in manufacturing market is expected to rise with the CAGR of about 52% during the forecast period 2017-2024. The major drivers for this market are growing industrial IoT and usage of big data technology in the manufacturing industry, rise in usage of computer-based technology extensive usage of robotics by manufacturing companies, significant increase in venture capital investments and cross-industry partnerships.

The major restraint for the market is lack of technically skilled personnel. Also, increasing operational efficiency in manufacturing firm and scope for AI based technology across emerging regions are major opportunities for the market. However, data privacy and security concern is the major market challenge.

Geographically, global artificial intelligence in manufacturing market report has been segmented in North America, Asia Pacific, Europe and Rest of World. North America is expected to dominate the market during the forecast period. Presence of majority of the market players of artificial intelligence across the region, venture capital investment across the region, etc. contribute towards the dominance of North America during the forecast period.

However, Asia Pacific is expected to be the fastest growing region in artificial intelligence in manufacturing market during the forecast period due to growth in manufacturing sector across the region, increasing investments in artificial intelligence technologies, etc.

The growth in global artificial intelligence in manufacturing market is also influenced by the presence of major players such as NVIDIA Corporation (United States), Oracle Corporation (United States), Microsoft Corporation (United States), Intel Corporation (United States), IBM Corporation (United States), etc. to gain competitive advantage, the major players of global artificial intelligence in manufacturing market are adopting various strategies such as mergers & acquisitions, product launch, strategic partnership, collaboration, joint ventures, investment, strategic expansion, funding etc. during the forecast period.

The report on global artificial intelligence in manufacturing market is segmented on the basis of technology, offering, application and industry. Offering includes hardware and software. Also, technology segment is divided as deep learning, context awareness, computer vision, and natural language processing.

Further, application segment is divided as predictive maintenance and machinery inspection, material movement, field services, production planning, reclamation and quality control. In addition, industry segment is divided as energy and power, semiconductor and electronics, automobile, pharmaceuticals, food and beverages, heavy metals and machine manufacturing, and other industries. Software is expected to dominate the market during the forecast period due to use of artificial intelligence software to assist during manufacturing, etc.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • AIBrain (U.S.)
  • Alphabet Inc. (U.S.)
  • Datarpm (U.S.)
  • IBM Corporation (U.S.)
  • Intel Corporation (U.S.)
  • Nvidia Corporation (U.S.)
  • MORE

1. Introduction
1.1. Executive Summary
1.2. Estimation Methodology

2. Market Overview
2.1. Global Artificial Intelligence In Manufacturing Market: Evolution & Transition
2.2. Market Definition & Scope
2.3. Industry Structure
2.4. Total Market Analysis
2.4.1. Top 5 Findings
2.4.2. Top 5 Opportunity Markets
2.4.3. Top 5 Companies
2.4.4. Top 3 Competitive Strategies
2.5. Estimation Analysis
2.6. Strategic Analysis
2.6.1. Investment Vs. Adoption Model
2.6.2. 360-Degree Industry Analysis
2.6.3. Porter’S 5 Force Model
2.6.4. See-Saw Analysis
2.6.5. Consumer Analysis And Key Buying Criteria
2.7. Competitive Analysis
2.7.1. Key Strategies & Analysis
2.7.2. Market Share Analysis & Top Company Analysis
2.8. Strategic Recommendations & Key Conclusions
2.8.1. Investment Opportunities By Regions
2.8.2. Opportunities In Emerging Applications
2.8.3. Investment Opportunity In Fastest Growing Segment

3. Market Determinants
3.1. Market Drivers
3.1.1. Growing Big Data Technology In Manufacturing
3.1.2. Intensive Use Of Robotics In Manufacturing
3.1.3. Emergence Of Industry 4.0 In Manufacturing
3.1.4. Increase In Venture Capital Investments
3.1.5. Adoption Of Computer Vision Technology In Manufacturing
3.2. Market RestrAInts
3.2.1. Reluctance To Adopt Technologies Based On AI
3.3. Market Opportunities
3.3.1. Increasing Operational Effeciency In Manufacturing Firm
3.3.2. Scope For AI Based Technology Across Emerging Regions
3.4. Market Challenges
3.4.1. Data Privacy And Security Concerns

4. Global Artificial Intelligence In Manufacturing Market By Offering
4.1. Market Definition And Scope
4.2. Decision Support Database & Estimation Methodology
4.3. Comparative Analysis Across Market Segments
4.4. Opportunity Matrix
4.5. Market Segmentation
4.5.1. Global Hardware Market
4.5.1.1. Adoption Scenario & Market Determinants
4.5.1.2. Market Estimations And Forecasts 2015-2024 ($ Million)
4.5.1.3. Key Conclusions
4.5.2. Global Software Market
4.5.2.1. Adoption Scenario & Market Determinants
4.5.2.2. Market Estimations And Forecasts 2015-2024 ($ Million)
4.5.2.3. Key Conclusion
4.5.2.4. Market Sub-Segments
4.5.2.4.1. AI Platform
4.5.2.4.2. AI Solution

5. Global Artificial Intelligence In Manufacturing Market By Technology
5.1. Market Definition And Scope
5.2. Decision Support Database & Estimation Methodology
5.3. Comparative Analysis Across Market Segments
5.4. Opportunity Matrix
5.5. Market Segmentation
5.5.1. Global Computer Vision Market
5.5.1.1. Adoption Scenario & Market Determinants
5.5.1.2. Market Estimations And Forecasts 2015-2024 ($ Million)
5.5.1.3. Key Conclusions
5.5.2. Global Deep Learning Market
5.5.2.1. Adoption Scenario & Market Determinants
5.5.2.2. Market Estimations And Forecasts 2015-2024 ($ Million)
5.5.2.3. Key Conclusions
5.5.3. Global Natural Language Processing (Nlp) Market
5.5.3.1 Adoption Scenario & Market Determinants
5.5.3.2. Market Estimations And Forecasts 2015-2024 ($ Million)
5.5.3.3. Key Conclusions
5.5.4. Global Context Awareness Market
5.5.4.1. Adoption Scenario & Market Determinants
5.5.4.2. Market Estimations And Forecasts 2015-2024 ($ Million)
5.5.4.3. Key Conclusions

6. Global Artificial Intelligence In Manufacturing Market By Application
6.1. Market Definition And Scope
6.2. Decision Support Database & Estimation Methodology
6.3. Comparative Analysis Across Market Segments
6.4. Opportunity Matrix
6.5. Market Segmentation
6.5.1. Global Predictive MAIntenance And Machinery Inspection Market
6.5.1.1. Adoption Scenario & Market Determinants
6.5.1.2. Market Estimations And Forecasts 2015-2024 ($ Million)
6.5.1.3. Key Conclusions
6.5.2. Global Material Movement Market
6.5.2.1. Adoption Scenario & Market Determinants
6.5.2.2. Market Estimations And Forecasts 2015-2024 ($ Million)
6.5.2.3. Key Conclusions
6.5.3. Global Production Planning Market
6.5.3.1. Adoption Scenario & Market Determinants
6.5.3.2. Market Estimations And Forecasts 2015-2024 ($ Million)
6.5.3.3. Key Conclusions
6.5.4. Global Field Services Market
6.5.4.1. Adoption Scenario & Market Determinants
6.5.4.2. Market Estimations And Forecasts 2015-2024 ($ Million)
6.5.4.3. Key Conclusions
6.5.5. Global Quality Control Market
6.5.5.1. Adoption Scenario & Market Determinants
6.5.5.2. Market Estimations And Forecasts 2015-2024 ($ Million)
6.5.5.3. Key Conclusions
6.5.6. Global Reclamation Market
6.5.6.1. Adoption Scenario & Market Determinants
6.5.6.2. Market Estimations And Forecasts 2015-2024 ($ Million)
6.5.6.3. Key Conclusions

7. Global Artificial Intelligence Market By Industry
7.1.1. Market Definition And Scope
7.1.2. Decision Support Database & Estimation Methodology
7.1.3. Comparative Analysis Across Market Segments
7.1.4. Opportunity Matrix
7.1.5. Market Segmentation
7.1.5.1. Global Automobile Market
7.1.5.1.1. Adoption Scenario & Market Determinants
7.1.5.1.2. Market Estimations And Forecasts 2015-2024 ($ Million)
7.1.5.1.3. Key Conclusions
7.1.5.2. Global Energy And Power Market
7.1.5.2.1. Adoption Scenario & Market Determinants
7.1.5.2.2. Market Estimations And Forecasts 2015-2024 ($ Million)
7.1.5.2.3. Key Conclusions
7.1.5.3. Global Pharmaceuticals Market
7.1.5.3.1. Adoption Scenario & Market Determinants
7.1.5.3.2. Market Estimations And Forecasts 2015-2024 ($ Million)
7.1.5.3.3. Key Conclusions
7.1.5.4. Global Heavy Metals And Machine Manufacturing Market
7.1.5.4.1. Adoption Scenario & Market Determinants
7.1.5.4.2. Market Estimations And Forecasts 2015-2024 ($ Million)
7.1.5.4.3. Key Conclusions
7.1.5.5. Global Semiconductor And Electronics Market
7.1.5.5.1. Adoption Scenario & Market Determinants
7.1.5.5.2. Market Estimations And Forecasts 2015-2024 ($ Million)
7.1.5.5.3. Key Conclusions
7.1.5.6. Global Food And Beverages Market
7.1.5.6.1. Adoption Scenario & Market Determinants
7.1.5.6.2. Market Estimations And Forecasts 2015-2024 ($ Million)
7.1.5.6.3. Key Conclusions
7.1.5.7. Global Others Market
7.1.5.7.1. Adoption Scenario & Market Determinants
7.1.5.7.2. Market Estimations And Forecasts 2015-2024 ($ Million)
7.1.5.7.3. Key Conclusions

8. Competitive Landscape
8.1. Key Strategies
8.1.1. List Of Mergers And Acquisitions
8.1.2. List Of Joint Ventures
8.1.3. List Of Product Launches
8.1.4. List Of Partnerships

9. Geographic Analysis
9.1. Decision Support Database & Estimation Methodology
9.2. Comparative Analysis Across Market Segments
9.3. Opportunity Matrix
9.4. Global Artificial Intelligence In Manufacturing Market By Region 2015-2024
9.4.1. North America
9.4.1.1. Industry Analysis 2015-2024 ($ Million)
9.4.1.2. Top Country Analysis
9.4.1.2.1. U.S.
9.4.1.2.1.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.1.2.1.2. Key Conclusions
9.4.1.2.2. Canada
9.4.1.2.2.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.1.2.2.2. Key Conclusions
9.4.2. Europe
9.4.2.1. Industry Analysis 2015-2024 ($ Million)
9.4.2.2. Top Country Analysis
9.4.2.2.1. UK
9.4.2.2.1.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.2.2.1.2. Key Conclusions
9.4.2.2.2. France
9.4.2.2.2.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.2.2.2.2. Key Conclusions
9.4.2.2.3. Germany
9.4.2.2.3.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.2.2.3.2. Key Conclusions
9.4.2.2.4. Spain
9.4.2.2.4.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.2.2.4.2. Key Conclusions
9.4.2.2.5. Rest Of Europe
9.4.2.2.5.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.2.2.5.2. Key Conclusions
9.4.3. Asia Pacific
9.4.3.1. Industry Analysis 2015-2024 ($ Million)
9.4.3.2. Top Country Analysis
9.4.3.2.1. China
9.4.3.2.1.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.3.2.1.2. Key Conclusions
9.4.3.2.2. India
9.4.3.2.2.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.3.2.2.2. Key Conclusions
9.4.3.2.3. Japan
9.4.3.2.3.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.3.2.3.2. Key Conclusions
9.4.3.2.4. Australia
9.4.3.2.4.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.3.2.4.2. Key Conclusions
9.4.3.2.5. Rest Of Asia Pacific
9.4.3.2.5.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.3.2.5.2. Key Conclusions
9.4.4. Row
9.4.4.1. Industry Analysis 2015-2024 ($ Million)
9.4.4.2. Top Country Analysis
9.4.4.2.1. Latin America
9.4.4.2.1.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.4.2.1.2. Key Conclusions
9.4.4.2.2. Middle East & Africa
9.4.4.2.2.1. Market Estimations And Forecasts 2015-2024 ($ Million)
9.4.4.2.2.2. Key Conclusions

10. Company Profiles
10.1. AIBrain (U.S.)
10.1.1. Overview
10.1.2. Product Portfolio
10.1.3. Strategic Initiatives
10.1.4. Scot Analysis
10.1.5. Strategic Analysis
10.2. Alphabet Inc. (U.S.)
10.2.1. Overview
10.2.2. Product Portfolio
10.2.3. Strategic Initiatives
10.2.4. Scot Analysis
10.2.5. Strategic Analysis
10.3. Cisco Systems, Inc. (U.S.)
10.3.1. Overview
10.3.2. Product Portfolio
10.3.3. Strategic Initiatives
10.3.4. Scot Analysis
10.3.5. Strategic Analysis
10.4. Datarpm (U.S.)
10.4.1. Overview
10.4.2. Product Portfolio
10.4.3. Strategic Initiatives
10.4.4. Scot Analysis
10.4.5. Strategic Analysis
10.5. General Electric (GE) Company (U.S.)
10.5.1. Overview
10.5.2. Product Portfolio
10.5.3. Strategic Initiatives
10.5.4. Scot Analysis
10.5.5. Strategic Analysis
10.6. General Vision, Inc. (U.S.)
10.6.1. Overview
10.6.2. Product Portfolio
10.6.3. Strategic Initiatives
10.6.4. Scot Analysis
10.6.5. Strategic Analysis
10.7. IBM Corporation (U.S.)
10.7.1. Overview
10.7.2. Product Portfolio
10.7.3. Strategic Initiatives
10.7.4. Scot Analysis
10.7.5. Strategic Analysis
10.8. Intel Corporation (U.S.)
10.8.1. Overview
10.8.2. Product Portfolio
10.8.3. Strategic Initiatives
10.8.4. Scot Analysis
10.8.5. Strategic Analysis
10.9. Microsoft Corporation (U.S.)
10.9.1. Overview
10.9.2. Product Portfolio
10.9.3. Strategic Initiatives
10.9.4. Scot Analysis
10.9.5. Strategic Analysis
10.10. Mitsubishi Electric Corporation (Japan)
10.10.1. Overview
10.10.2. Product Portfolio
10.10.3. Strategic Initiatives
10.10.4. Scot Analysis
10.10.5. Strategic Analysis
10.11. Nvidia Corporation (U.S.)
10.11.1. Overview
10.11.2. Product Portfolio
10.11.3. Strategic Initiatives
10.11.4. Scot Analysis
10.11.5. Strategic Analysis
10.12. Oracle Corporation (U.S.)
10.12.1. Overview
10.12.2. Product Portfolio
10.12.3. Strategic Initiatives
10.12.4. Scot Analysis
10.12.5. Strategic Analysis
10.13. Rockwell Automation Inc. (U.S.)
10.13.1. Overview
10.13.2. Product Portfolio
10.13.3. Strategic Initiatives
10.13.4. Scot Analysis
10.13.5. Strategic Analysis
10.14. Siemens AG (Germany)
10.14.1. Overview
10.14.2. Product Portfolio
10.14.3. Strategic Initiatives
10.14.4. Scot Analysis
10.14.5. Strategic Analysis
10.15. Sight Machine (U.S.)
10.15.1. Overview
10.15.2. Product Portfolio
10.15.3. Strategic Initiatives
10.15.4. Scot Analysis
10.15.5. Strategic Analysis

List Of Tables
1. Global Artificial Intelligence In Manufacturing Market By Offering 2015-2024 ($ Million)
2. Global Hardware Market By Geography 2015-2024 ($ Million)
3. Global Software Market By Geography 2015-2024 ($ Million)
4. Global Artificial Intelligence In Manufacturing Market By Software 2015-2024 ($ Million)
5. Global Artificial Intelligence In Manufacturing Market By Technology 2015-2024 ($ Million)
6. Global Computer Vision Market By Geography 2015-2024 ($ Million)
7. Global Deep Learning Market By Geography 2015-2024 ($ Million)
8. Global Natural Language Processing (Nlp) Market By Geography 2015-2024 ($ Million)
9. Global Context Awareness Market By Geography 2015-2024 ($ Million)
10. Global Artificial Intelligence In Manufacturing Market By Application 2015-2024 ($ Million)
11. Global Predictive MAIntenance And Machinery Inspection Market By Geography 2015-2024 ($ Million)
12. Global Material Movement Market By Geography 2015-2024 ($ Million)
13. Global Production Planning Market By Geography 2015-2024 ($ Million)
14. Global Field Services Market By Geography 2015-2024 ($ Million)
15. Global Quality Control Market By Geography 2015-2024 ($ Million)
16. Global Reclamation Market By Geography 2015-2024 ($ Million)
17. Global Artificial Intelligence In Manufacturing Market By Industry 2015-2024 ($ Million)
18. Global Automobile Market By Geography 2015-2024 ($ Million)
19. Global Energy And Power Market By Geography 2015-2024 ($ Million)
20. Global Pharmaceuticals Market By Geography 2015-2024 ($ Million)
21. Global Heavy Metals And Machine Manufacturing Market By Geography 2015-2024 ($ Million)
22. Global Semiconductor And Electronics Market By Geography 2015-2024 ($ Million)
23. Global Food And Beverages Market By Geography 2015-2024 ($ Million)
24. Global Others Market By Geography 2015-2024 ($ Million)
25. North America Artificial Intelligence In Manufacturing Market 2015-2024 ($ Million)
26. Europe Artificial Intelligence In Manufacturing Market 2015-2024 ($ Million)
27. Asia Pacific Artificial Intelligence In Manufacturing Market 2015-2024 ($ Million)
28. Rest Of The World Artificial Intelligence In Manufacturing Market 2015-2024 ($ Million)
29. North America Artificial Intelligence In Manufacturing Market By Offering 2015-2024 ($ Million)
30. Europe Artificial Intelligence In Manufacturing Market By Offering 2015-2024 ($ Million)
31. Asia Pacific Artificial Intelligence In Manufacturing Market By Offering 2015-2024 ($ Million)
32. Rest Of The World Artificial Intelligence In Manufacturing Market By Offering 2015-2024 ($ Million)
33. North America Artificial Intelligence In Manufacturing Market By Technology 2015-2024 ($ Million)
34. Europe Artificial Intelligence In Manufacturing Market By Technology 2015-2024 ($ Million)
35. Asia Pacific Artificial Intelligence In Manufacturing Market Technology 2015-2024 ($ Million)
36. Rest Of The World Artificial Intelligence In Manufacturing Market By Technology 2015-2024 ($ Million)
37. North America Artificial Intelligence In Manufacturing Market By Application 2015-2024 ($ Million)
38. Europe Artificial Intelligence In Manufacturing Market By Application 2015-2024 ($ Million)
39. Asia Pacific Artificial Intelligence In Manufacturing Market By Application 2015-2024 ($ Million)
40. Rest Of The World Artificial Intelligence In Manufacturing Market By Application 2015-2024 ($ Million)
41. North America Artificial Intelligence In Manufacturing Market By Industry 2015-2024 ($ Million)
42. Europe Artificial Intelligence In Manufacturing Market By Industry 2015-2024 ($ Million)
43. Asia Pacific Artificial Intelligence In Manufacturing Market Industry 2015-2024 ($ Million)
44. Rest Of The World Artificial Intelligence In Manufacturing Market By Industry 2015-2024 ($ Million)

List Of Figures
1. Global Hardware Market 2015-2024 ($ Million)
2. Global Software Market 2015-2024 ($ Million)
3. Global Computer Vision Market 2015-2024 ($ Million)
4. Global Deep Learning 2015-2024 ($ Million)
5. Global Natural Language Processing Market2015-2024 ($ Million)
6. Global Context Awareness Market 2015-2024 ($ Million)
7. Global Predictive MAIntenance And Machinery Inspection Market 2015-2024 ($ Million)
8. Global Material Movement Market 2015-2024 ($ Million)
9. Global Production Planning Market 2015-2024 ($ Million)
10. Global Field Services Market 2015-2024 ($ Million)
11. Global Quality Control Market 2015-2024 ($ Million)
12. Global Reclamationcontext Awarenes Market 2015-2024 ($ Million)
13. Global Automobile Market 2015-2024 ($ Million)
14. Global Energy And Power Market 2015-2024 ($ Million)
15. Global Pharmaceuticals Market 2015-2024 ($ Million)
16. Global Heavy Metals And Machine Manufacturing Market 2015-2024 ($ Million)
17. Global Semiconductor And Electronics Market 2015-2024 ($ Million)
18. Global Food And Beverages Market 2015-2024 ($ Million)
19. Global Others Market 2015-2024 ($ Million)
20. United States (U.S.) Artificial Intelligence In Manufacturing Market 2015-2024 ($ Million)
21. Canada Artificial Intelligence In Manufacturing Market 2015-2024 ($ Million)
22. United Kingdom (UK) Artificial Intelligence In Manufacturing Market 2015-2024 ($ Million)
23. France Artificial Intelligence In Manufacturing Market 2015-2024 ($ Million)
24. Germany Artificial Intelligence In Manufacturing Market 2015-2024 ($ Million)
25. Spain Artificial Intelligence In Manufacturing Market 2015-2024 ($ Million)
26. Roe Artificial Intelligence In Manufacturing Market 2015-2024 ($ Million)
27. India Artificial Intelligence In Manufacturing Market 2015-2024 ($ Million)
28. China Artificial Intelligence In Manufacturing Market 2015-2024 ($ Million)
29. Japan Artificial Intelligence In Manufacturing Market 2015-2024 ($ Million)
30. Australia Artificial Intelligence In Manufacturing Market 2015-2024 ($ Million)
31. Roapac Artificial Intelligence In Manufacturing Market 2015-2024 ($ Million)
32. Latin America Artificial Intelligence In Manufacturing Market 2015-2024 ($ Million)
33. Mena Artificial Intelligence In Manufacturing Market 2015-2024 ($ Million)

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • AIBrain (U.S.)
  • Alphabet Inc. (U.S.)
  • Datarpm (U.S.)
  • IBM Corporation (U.S.)
  • Intel Corporation (U.S.)
  • Nvidia Corporation (U.S.)
  • MORE

Global artificial intelligence in manufacturing market to witness unprecedented growth rate of 52% through 2024.
Artificial intelligence technology is increasingly making its way into the manufacturing sector as pattern recognition software and machine learning technology that could hold the key to factory transformation. Artificial intelligence can provide smart manufacturing capabilities by performing quality control, materials waste reduction, shorten design time, perform predictive maintenance, improve production reuse, etc.

This led to emergence of industry 4.0 in manufacturing sector that is expected to supplement the market growth. Adoption of Industry 4.0 promises to transform manufacturing sector with the utilization of technologies such as Internet of Things, artificial intelligence and machine learning.

Various countries across the globe are increasing their focus towards faster deployment of Industry 4.0. Industry 4.0 was initiated by the German Government to digitize the manufacturing sector and is expected to invest $46.49 billion in Industry 4.0 by the end of 2020, as per the Global Innovation & Technology Alliance (GITA, India). Also, as per GITA, the government of China adopted a five-year plan (2016-2020) in 2016 for the simultaneous implementation of ‘Made in China 2025’ and ‘Industry 4.0’ initiatives. Industry 4.0 in China is expected to increase China’s productivity in manufacturing sector and lower unforeseen production losses.

In addition, India is expected to become 3rd largest market for automobiles globally by contributing 25% of GDP; that would make the country ready for industrial revolution 4.0 (Industry 4.0), as per the GITA.

Such initiatives taken for implementation of Industry 4.0 across the globe is expected to shift conventional manufacturing practices towards intelligent manufacturing through Internet of Things, artificial intelligence technologies.

This would promote the growth of global artificial intelligence in manufacturing market during the forecast period.

North America: Largest revenue generating region

North America accounted for largest market share in terms of revenue for artificial intelligence in manufacturing market in 2017 and is expected to dominate the market during the forecast period. Increasing investments in artificial intelligence technologies, increasing digitization in companies, presence of majority of the market players across the region, growth in manufacturing sector, etc. are some of the major factors that is expected to contribute towards the largest market revenue share of North American market.

Manufacturing companies across North America are expected to dramatically increase the digitization over years.

For instance, United States aims to achieve 74% digitization by the end of 2020 from the levels of 32% in 2015. Growth in digitization would increase the deployment of artificial intelligence enabled technologies as part of company’s digital transformation initiatives with process automation and information capture being the major areas.

In addition, growth in artificial intelligence sector through funding and investments is further expected to increase its adoption in manufacturing sector across North America.

For instance, as per the official company sources, in 2018, Samsung Group announced to invest an amount of $22 billion by 2020 in areas including artificial intelligence to increase its AI capabilities countries including Canada. Also, in 2018, Ericsson announced to invest (undisclosed amount) in artificial intelligence technologies in the United States, as per the official company sources.

Such growth in artificial intelligence technologies is expected to increase its deployment in manufacturing sector that would contribute towards the dominance of North America in artificial intelligence in manufacturing market during the forecast period.

Intensive use of robotics in manufacturing: Growth promoter

High adoption and deployment of robotics and automation in the manufacturing sector is one of the major factors that is expected to contribute towards the growth of global artificial intelligence in manufacturing market during the forecast period. According to the International Federation of Robotics (Germany), artificial intelligence enabled robots are majorly deployed in manufacturing industries such as automotive, electrical and electronics due to ongoing trend toward automation.

During 2011-2016, average annual supply of industrial robots reached 212,000 units across the globe that depicts an increase of about 84% as compared to average annual robot supply during 2005-2008. Asia accounts to be the world’s strongest growth market in industrial robots. Total sale of industrial robots in Asia increased by 19% to reach 190,492 units in 2016 as compared to that in 2015.

Also, the average robot density across the globe was recorded to be nearly 74 industrial robots installed per 10,000 employees in manufacturing industries in 2016. Such high adoption of robots in manufacturing is expected to fuel the adoption of artificial intelligence that would promote the growth of global artificial intelligence in manufacturing market during the forecast period.

However, reluctance to adopt technologies based on AI is one of the major factors restraining the growth of the market during forecast period.

Note: Product cover images may vary from those shown
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  • AIBrain (U.S.)
  • Alphabet Inc. (U.S.)
  • Cisco Systems, Inc. (U.S.)
  • Datarpm (U.S.)
  • General Electric (GE) Company (U.S.)
  • General Vision, Inc. (U.S.)
  • IBM Corporation (U.S.)
  • Intel Corporation (U.S.)
  • Microsoft Corporation (U.S.)
  • Mitsubishi Electric Corporation (Japan)
  • Nvidia Corporation (U.S.)
  • Oracle Corporation (U.S.)
  • Rockwell Automation Inc. (U.S.)
  • Siemens AG (Germany)
  • Sight Machine (U.S.)
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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