Global AI in Manufacturing Market - Forecast & Opportunities to 2026
- Report Code : SMA2286662
- Published On: Feb, 2021
- Category : Semiconductors
- Pages : 183
Get in-depth COVID-19 impact and recovery analysis on the Global AI in Manufacturing Market
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The global artificial intelligent in manufacturing market was a valued at USD 0.9 billion in 2019. It is projected to grow at a CAGR of 47.2% during forecast period.
COVID-19 has impacted artificial intelligent in manufacturing market. This pandemic has disrupted the supply chain and timely devilry of finished products. This has made all industries to reconsider and adapt to the global supply chain model. The production of many industries was halted. The new technology upgrade for many industries has been postponed to recover losses due to lockdown. The growth in AI is totally dependent on growth in manufacturing units. Due to corona virus pandemic manufacturing units upgrade is on halt thus the growth AI in manufacturing unit is expected to be slow. AI market is affected negatively by COVID-19.
Definition:
Artificial intelligence is becoming fastest growing technologies in few years. AI is associated with human intelligence with similar characteristics such as reasoning, leaning, problem solving, language understanding and others.
Market Dynamics (Drivers/Opportunities):
The industrial internet of things is gaining immense popularity these days. The IIoT plays a crucial role in adoption of AI-based technology in manufacturing units. It makes manufacturing process productive, efficient innovative by enabling architecture to provide real-time information about operational and business systems. This drives growth in artificial intelligent in manufacturing market.
The evolution in IIoT systems has driven growth in artificial intelligent in manufacturing market. The IIoT evolution has lead to evolution of manufacturing units which leads to AI growth in production units. The major companies are upgrading their manufacturing plant leads to increase in AI market.
Market Insights, by Offerings
On the basis of offerings, the AI in manufacturing market is segmented into Hardware, software and services. The Hardware segment is projected to account for maximum market share during the forecast period. The AI manufacturers provide hardware components for technologies such as machine vision cameras, connected cars and IoT. This helps companies in transferring the technology easily and develops the AI hardware. This is growth attributing factor in hardware segment during the forecast period.
Market Insights, by Technology
On the basis of technology, the AI in manufacturing market is segmented into machine learning, natural language processing, computer vision, context-aware computing. The machine learning is further segmented into deep learning, supervised learning, unsupervised learning and others. The deep learning is expected to register growth at highest CAGR during the forecast period. The deep learning technology has sight wide adoption in various manufacturing applications. This is driving growth in deep learning segment.
Market Insights, by Application
On the basis of application, the AI in manufacturing market is segmented into predictive maintenance & machinery inspection, material movement, production planning, quality control, cyber security, reclaimation and industrial robots. The predictive maintenance & machinery inspection segment is expected to register growth at highest CAGR during the forecast period. The use of vision cameras in machinery inspection is increasing extensively along with increase in use of big data in manufacturing units across the world. This is attributing growth in predictive maintenance & machinery inspection segment during the forecast period.
Regional Insights
Asia-Pacific region is expected to register growth at highest CAGR during the forecast period. The presence of large number of manufacturers in countries like china and Japan along with strong presence of semiconductors, electronics and automobile manufacturers is primary growth driver in Asia-Pacific region.
Key Companies & Market Share Insights
The key market players in AI in manufacturing market are IBM, Alphabet Inc., Google, Microsoft, NVIDIA, Intel, Siemens AG, General Electric Company, Micron Technology, Mitsubishi Electric Corporation, SAP SE, Rockwell Automation, Oracle, Amazon Web, AIBrain Spark Cognition Inc. and Cisco System.
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With tables and figures helping analyze worldwide Global AI in Manufacturing market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
Research Framework
Market Definition and Product Overview
Market Segmentation
Research Methodology
Qualitative Research
Primary & Secondary Sources
Quantitative Research
Primary & Secondary Sources
Breakdown of Primary Research Respondents, By Region
Secondary Research
Primary Research
Breakdown of Primary Research Respondents, By Industry Participants
Market Size Estimation
Assumption for the Study
Market Breakdown & Data Triangulation
Executive Summary
Market Snapshot
Industry Insights
Industry ecosystem analysis
Value Chain Analysis
Industry impact and forces
Growth Drivers
Challenges &Restraints
Opportunities
Disruptive Technological Analysis
Regulatory framework
North America
Europe
Asia Pacific
Middle East & Africa
South America
Growth potential analysis, 2019
Porter’s Five forces analysis
Pricing Analysis
North America
Europe
Asia Pacific
Middle East & Africa
South America
COVID – Impact Analysis
North America
Europe
Asia Pacific
Middle East & Africa
South America
AI in Manufacturing Market, By Offerings, Market Size & Forecast To 2026
(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)
Introduction
Hardware
Software
Services
AI in Manufacturing Market, By Technology, Market Size & Forecast To 2026
(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)
Introduction
Machine Learning
Natural Language Processing
Computer Vision
Context-Aware Computing
AI in Manufacturing Market, By Application, Market Size & Forecast To 2026
(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)
Introduction
Predictive Maintenance & Machinery Inspection
Material Movement
Production Planning
Quality Control
Cyber Security
Reclaimation
Industrial Robots.
AI in Manufacturing Market, By Region, Market Size & Forecast To 2026
(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)
Introduction
North America Market Size & Forecast To 2026
Market Overview
COVID-19 Impact
By Offerings
By Technology
By Application
By Country
USA
By Application
Canada
Mexico
South America Market Size & Forecast To 2026
Market Overview
COVID-19 Impact
By Offerings
By Technology
By Application
By Country
Brazil
By Application
Argentina
Chile
Rest of South America
Europe Market Size & Forecast To 2026
Market Overview
COVID-19 Impact
By Offerings
By Technology
By Application
By Country
UK
By Application
Germany
France
Italy
Rest of Europe
APAC Market Size & Forecast To 2026
Market Overview
COVID-19 Impact
By Offerings
By Technology
By Application
By Country
China
By Application
India
Japan
South Korea
Australia
Rest of APAC
Middle East & Africa Market Size & Forecast To 2026
Market Overview
COVID-19 Impact
By Offerings
By Technology
By Application
By Country
Saudi Arabia
By Application
UAE
Qatar
Kuwait
South Africa
Rest of Middle East & Africa
Competitive Landscaping
Competitive Benchmarking
Market Share Analysis, 2019
Global Presence and Growth Strategies
Mergers & Acquisitions
New Product Launches
Investments Trends
R&D Initiatives
Company Profile
Cisco System
Company Overview
Financial Overview
Product Portfolio
Recent Developments
SWOT Analysis
Strategic Outlook
IBM
Alphabet Inc.
Google
Microsoft
NVIDIA
Intel
Siemens AG
General Electric Company
Micron Technology
Mitsubishi Electric Corporation
SAP SE
Rockwell Automation
Oracle
Amazon Web
AIBrain Spark Cognition Inc
Appendix
Interrelated Market
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The Global AI in Manufacturing Market has been segregated into various crucial divisions including applications, types, and regions. Each market segment is intensively studied in the report contemplating its market acceptance, worthiness, demand, and growth prospects. The segmentation analysis will help the client to customize their marketing approach to have a better command of each segment and to identify the most prospective customer base.
Report Objectives / Segmentation Covered :
By Companies / players:
- IBM
- Alphabet Inc.
- Microsoft
- NVIDIA
- Intel
- Siemens AG
- General Electric Company
- Micron Technology
- Mitsubishi Electric Corporation
- SAP SE
- Rockwell Automation
- Oracle
- Amazon Web
- AIBrain Spark Cognition Inc. and Cisco System
By Regions:
By Type:
By Application:
