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THE GLOBAL ARTIFICIAL INTELLIGENCE IN MANUFACTURING MARKET WAS VALUED AT USD 280.21 MILLION IN 2016 AND IS PROJECTED TO REACH USD 12367.90 MILLION BY 2025 IBM CORPORATION, SAP SE, NVIDIA CORPORATION , SIEMENS AG , MICROSOFT CORPORATION , DATARPM , GENERAL
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Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Increasing operational efficiency of manufacturing plants
1.2 Adoption of industrial IoT and big data technology in manufacturing
1.3 Rising usage of robotics and computer vision technology in manufacturing
1.4 Growing opportunities for AI based technology in developing countries
2. Market Restraints
2.1 Concerns for data privacy
2.2 Poor adoption of AI-based technologies by manufacturers
Market Segmentation:
The Global Artificial Intelligence in Manufacturing Market is segmented on the technology, component, application, vertical, and region.
1. Technology:
1.1 Natural Language Processing
1.2 Deep Learning
1.3 Computer Vision
1.4 Context Awareness
2. By Component:
2.1 Software
2.2 Hardware
3. By Application:
3.1 Field Services
3.2 Reclamation
3.3 Quality Control
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3.4 Material Movement
3.5 Predictive Maintenance and Machinery Inspection
3.6 Production Planning
4. By Vertical:
4.1 Food and Beverages
4.2 Pharmaceuticals
4.3 Automobile
4.4 Semiconductor and Electronics
4.5 Energy and Power
4.6 Heavy Metals and Machine Manufacturing
4.7 Others
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. IBM Corporation
2. SAP SE
3. Nvidia Corporation
4. Siemens AG
5. Microsoft Corporation
6. Datarpm
7. General Vision, Inc.
8. Cisco Systems, Inc.
9. Oracle Corporation
10. Intel Corporation
11. Alphabet Inc.
12. General Electric (GE) Company
13. Sight Machine
14. Rockwell Automation Inc.
15. Mitsubishi Electric Corporation
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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