Press release
Artificial Intelligence in Manufacturing Market by Deployment, Technology, Region & Key players, 2018 - 2025
Artificial Intelligence in Manufacturing Market
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The market players have developed advanced technologies such microcontrollers, AI chips, and others to improve efficiency and productivity of manufacturing processes through the implementation of artificial intelligence. Thus, boosting the demand for artificial intelligence in manufacturing. For instance, Kuka introduced a series of LBR iiwa industrial robots, which are subtle, compliant, safe, precise & flexible, and is armed with machine-driven systems and drive technology for industrialized operation. Thereby, facilitating automation of delicate and complex assembly jobs in which the use of robots was earlier unimaginable.
Improved productivity and automation could be achieved with the use of AI. This drives the growth of the artificial intelligence in manufacturing market. In addition, due to the use of automation and big data in manufacturing industry, there is a decrease of risk during manufacturing processes. Also, the customer interaction is enhanced, as their questions or demands are catered immediately. This, is expected to propel the growth of the artificial intelligence in manufacturing market.
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Artificial intelligence has been one of the fastest-growing technologies in the recent years. AI is associated with human intelligence with alike characteristics such as language understanding, reasoning, learning, problem solving, and others. Manufacturers in the market witness massive underlying intellectual challenges in the development and revision of such a technology. AI is positioned at the core of the next gen software technologies in the market. The global artificial intelligence in manufacturing market size was $513.6 million in 2017, and is projected to reach $15,273.7 million in 2025, growing at a CAGR of 55.2%.
Key Benefits for Artificial Intelligence in Manufacturing Market :
The study provides an in-depth analysis of the global artificial intelligence in manufacturing market along with the current trends and estimations to elucidate the imminent investment pockets.
Information about the key drivers, restraints, and opportunities and their impact analysis on the market size is included in the study.
Porter’s Five Forces analysis illustrates the potency of the buyers and the suppliers operating in the industry.
The quantitative analysis of the global market from 2017 to 2025 is provided to determine the market potential.
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Key Market Players Profiled in the Report
Bosch
Cisco Systems, Inc.
General Electric Company
IBM Corporation
Intel Corporation
Microsoft Corporation
Mitsubishi Electric Corporation
NVIDIA Corporation
Oracle Corporation
Siemens AG
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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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