Artificial Intelligence in Manufacturing Market|Key player are AIBrain
Inc. , Amazon Web Services, Apple Inc., Cisco Systems , Citrine
Informatics, Inc. , Darktrace Limited , DataRobot, Inc. , Dell Inc. ,
General Electric , General Vision Services Inc., Google , IBM, Intel ,
Micron Technology , Microsoft , Mitsubishi Electric, NVIDIA., Oracle.,
Preferred Networks, Inc. , Progress Software, Rockwell Automation,
Inc., SAP SE, Siemens AG, Sight Machine Inc., Skymind, Inc. , Tamr Inc,
UBTECH Robotics, and Vicarious Inc.
Meticulous Research® – leading global market research company researching a
market titled “Artificial Intelligence in Manufacturing Market by Offering
(Hardware, Software, and Services), End-use Industry (Semiconductors & Electronics,
Energy & Power, Pharmaceuticals, Chemical, Medical Devices, Automobile, Heavy
Metal & Machine Manufacturing, Food & Beverages, Others), Technology (Machine
Learning, NLP, Context-Aware Computing, and Computer Vision), Application
(Predictive Maintenance, Material Movement, Production Planning, Field Services,
Quality Management, Cybersecurity, Industrial Robotics, and Reclamation), and
Region – Global Forecast to 2025’’.
The factors such as digital transformation of manufacturing, ongoing convergence of
big data, IoT, and the usage of robots in combination with other technologies, are
changing the face of manufacturing technology landscape and the face of
manufacturing itself. Big Data and the IoT technologies have made their mark in the
manufacturing sector and provide companies a competitive advantage. When IoT
combined with big data analytics, it has helped manufacturers enhance their security,
reduce financial risk, eliminate production downtime, and increase the quality of
processes and products. Moreover, according to the International Federation of
Robotics (IFR), over 1.8 million industrial robots were in operation globally at the end
of 2016 and grow over 3 million by the end of 2020, representing an average annual
growth rate of 14% between 2017 and 2020. In addition, about 6.8 million service
robots were sold in 2016 and this figure is expected to reach over 51 million in the
period between 2017 and 2020. Thereby, increasing usage of robots, Internet of Things
(IoT), and big data technology is expected to propel the artificial intelligence in
manufacturing market significantly in the next few years growing with a growth rate
of more than 50%.
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Automobile Industry Dominates the Global Artificial Intelligence in
Manufacturing Market, by End-Use Industry
Based on end-user, the global artificial intelligence in manufacturing market is
segmented into semiconductors and electronics, energy and power, pharmaceuticals
and chemical, automobile, heavy metals, machine manufacturing, food and beverages,
and others. Automobile industry dominated the global artificial intelligence in
manufacturing market in 2018, mainly due to installations of industrial IoT and usage
of big data, and rising use of machine learning and computer vision technology in
machinery inspection.
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Hardware Segment to Register the Highest Growth, by Offering
Based on Offering, the global artificial intelligence in manufacturing market is
segmented into hardware, software, and services. The hardware segment is expected
to register the highest CAGR during the forecast period. This is mainly attributed to
the increasing need for hardware platforms with high computing power to run various
AI software.
Asia-Pacific: The Fastest Growing Regional Market
North America commanded the largest share of the global artificial intelligence in
manufacturing market in 2018, followed by Europe, Asia Pacific, Latin America, and
Middle East & Africa. This is due to the increasing use of robotics and other computer
technology, remarkable presence of the manufacturing industry, and adoption of novel
technologies in the manufacturing sector. Moreover, increasing investment in AI
technology in emerging economies such as China and India are driving the market
growth in Asia Pacific
Key Players in the Artificial Intelligence in Manufacturing Market
The major players operating in the global artificial intelligence in
manufacturing market are AIBrain Inc. (U.S.), Amazon Web Services, Inc. (U.S.),
Apple Inc. (U.S.), Cisco Systems, Inc. (U.S.), Citrine Informatics, Inc. (U.S.), Darktrace
Limited (U.K.), DataRobot, Inc. (U.S.), Dell Inc. (U.S.), General Electric Company
(U.S.), General Vision Services Inc. (U.S.), Google Inc. (U.S.), IBM Corporation (U.S.),
Intel Corporation (U.S.), Micron Technology (U.S.), Microsoft Corporation (U.S.),
Mitsubishi Electric Corporation (Japan), NVIDIA Corporation (U.S.), Oracle
Corporation (U.S.), Preferred Networks, Inc. (Japan), Progress Software Corporation
(U.S.), Rockwell Automation, Inc. (U.S.), SAP SE (Germany), Siemens AG (Germany),
Sight Machine Inc. (U.S.), Skymind, Inc. (U.S.), Tamr Inc. (U.S.), UBTECH Robotics,
Inc. (China), and Vicarious Inc. ( U.S.).
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