Comprehensive analysis on Artificial Intelligence in Manufacturing Market | Key Players are: IBM, Landing AI, SAP, Sight Machine, UBTECH Robotics, Oracle, Canvas Analytics, General Vision, Graphcore, Microsoft, Nvidia, Intel, Google, Falkonry, AWS, Vicari
Asia Pacific is leading in AI in the manufacturing landscape with over 43% market share in 2018. The market growth is attributed to the presence of highly advanced manufacturing facilities in countries including China, Japan, and South Korea. The widespread adoption of industry 4.0 technologies is also promoting the use of AI solutions. Europe?s AI in the manufacturing market is anticipated to grow at a CAGR of over 44% during the forecast timeframe. High investment by the prominent automakers in the region to incorporate advanced production technologies is adding to the growth of the market.
The rapid proliferation of industry 4.0 technologies is promoting the growth of AI in the manufacturing market. The increasing need among manufacturers to reduce their operational costs and enhance productivity is the key factor leading to the adoption of industry 4.0. The advanced technologies enhance productivity and reduce the time to market the products. This has enabled the manufacturers to anticipate customer demand and align their operations with customer requirements in real-time. These solutions enable cost-effective and reliable operations without incurring any intensive capital investments.
The hardware market holds over 57% stake in AI in the manufacturing market. The growth is attributed to the rising demand for AI processors across various industry verticals. The GPUs are dominating the AI processors market with over 45% share in the market. The increasing need for high processing capabilities and enhanced visual content is promoting GPUs use in the manufacturing industry. The AI platforms market is predicted to grow exponentially over the projected time period. The rising need for personalized solutions is encouraging manufacturers to incorporate AI technologies into their manufacturing facilities. The AI platforms offer pre-built algorithms with unsophisticated workflows along with features that easily allow the necessary data to connect to end solutions.
The machine learning market accounted for over 47% of the revenue in AI in the manufacturing market in 2018. The technology is used to warrant quality management at every stage of the manufacturing process. It anticipates product quality at early stages of the production with a high level of precision. The computer vision market is expected to grow at a CAGR of 45% over the forecast timespan. The rise in automation and extensive adoption of IoT systems are encouraging its use in the manufacturing industry.
The material movement market is predicted to grow at a CAGR of over 43% during the projected timeframe. As the skilled labor force is becoming increasingly problematic to retain and recruit, the enterprises are shifting toward AI-enabled machine movement solutions to manage labor issues to ensure efficiency and profitability. The predictive maintenance and machine inspection segment in AI in the manufacturing landscape is expected to grow at a CAGR of over 44% during the forecast timeline. There has been an increasing pressure on manufacturing facilities to increase productivity, which has made maintenance a prime factor to enhance cost-savings and efficiency. The cost of machine downtime is anticipated to be over USD 647 billion annually. The technology eradicates the need to periodically shut down machinery to conduct preventive measures.
The energy & power sector is predicted to grow at a CAGR of over 41.2% during the projected time period. The companies are investing in AI technology due to its ability to adapt to changing environments. This allows the power-generation organizations to create accurate predictions regarding energy demand, reducing their reliance on backup mechanisms. The heavy metal & machinery industry is expected to register a growth rate of over 43% during the forecast timeframe. The companies present in the heavy metal machinery sector are using the technology to optimize the raw material consumption and improve melt costs to ensure significant cost savings.
AI in the manufacturing market is anticipated to surpass USD 16 billion by 2025. The rising venture capital investment is propelling the growth of AI in the manufacturing market. In 2016, the global investment in the AI landscape is expected to be over USD 12 billion. The value of the deals has also increased exponentially with over 60% of the investments led by digital natives and technology players. The surge in the availability of digital data is also promoting the use of AI-enabled systems in the manufacturing sector. The is anticipated that by 2020, over 1.7 megabytes of new data will be generated every second. This is encouraging the companies to use AI technologies and advanced data analytics solutions among the manufacturers.
Request a discount on standard prices of this report titled at: https://www.marketstudyreport.com/check-for-discount/1689429
AI in the manufacturing market is dominated by large players such as Nvidia and Intel. These companies are investing heavily in the development of high-performance enterprise solutions. The start-ups operating in the market are conducting fundraising activities to scale their operations across the foreign markets. For instance, in August 2018, Canvass Analytics raised over USD 5 million from Gradient Ventures to pursue aggressive sales strategies to expand its market in Europe, Asia, and North American regions.
The key vendors in the market are Advanced Micro Devices, Canvas Analytics, General Vision, Graphcore, IBM, Landing AI, SAP, Sight Machine, UBTECH Robotics, Oracle, Progress Software, Qualcomm, Microsoft, Nvidia, Intel, Google, Falkonry, AWS, and Vicarious.
Table of Content:
Chapter 1. Methodology & Scope
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
Chapter 2. Executive Summary
2.1. AI in manufacturing industry 360 degree synopsis, 2016 – 2025
2.2. Business trends
2.3. Regional trends
2.4. Component trends
Chapter 3. AI in Manufacturing Industry Insights
3.2. Industry segmentation
3.3. Industry landscape, 2016 – 2025
3.3.1. AI processors market
3.3.2. AI in manufacturing market
3.4. Industry ecosystem analysis
3.5. AI in manufacturing evolution
Chapter 4. Competitive Landscape, 2018
4.2. Major market players, 2018
4.3. Innovation leaders, 2018
4.3.1. Canvass Analytics
4.3.4. Landing AI
Chapter 5. AI in Manufacturing Market, By Component
5.1. Key trends, by component
5.2.1. Market estimates and forecast, 2016 – 2025
188.8.131.52. Market estimates and forecast, 2016 – 2025
184.108.40.206. Field-Programmable Gate Array (FPGA)
220.127.116.11.1. Market estimates and forecast, 2016 – 2025
18.104.22.168. Application-Specific Integrated Circuit (ASIC)
22.214.171.124.1. Market estimates and forecast, 2016 – 2025
126.96.36.199. Central Processing Unit (CPU)
188.8.131.52.1. Market estimates and forecast, 2016 – 2025
184.108.40.206. Graphics Processing Unit (GPU)
220.127.116.11.1. Market estimates and forecast, 2016 – 2025
18.104.22.168. Market estimates and forecast, 2016 – 2025
5.3.1. Market estimates and forecast, 2016 – 2025
22.214.171.124. Market estimates and forecast, 2016 – 2025
5.3.3. AI platforms
126.96.36.199. Market estimates and forecast, 2016 – 2025
5.3.4. Application Program Interface (API)
188.8.131.52. Market estimates and forecast, 2016 – 2025
5.4.1. Market estimates and forecast, 2016 — 2025
5.4.2. Managed services
184.108.40.206. Market estimates and forecast, 2016 – 2025
5.4.3. Professtional services
220.127.116.11. Market estimates and forecast, 2016 – 2025
Complete report titled at: https://www.marketstudyreport.com/reports/artificial-intelligence-ai-in-manufacturing-market
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.
Market Study Report LLC
4 North Main Street,
Selbyville, Delaware 19975
US Toll Free: 1-866-764-2150
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Comprehensive analysis on Artificial Intelligence in Manufacturing Market | Key Players are: IBM, Landing AI, SAP, Sight Machine, UBTECH Robotics, Oracle, Canvas Analytics, General Vision, Graphcore, Microsoft, Nvidia, Intel, Google, Falkonry, AWS, Vicari here
News-ID: 1738477 • Views: 1200
More Releases from marketstudyreport.com
Covid -19 Impact on Video Conferencing Market Size 2026: Top Companies, Trends a …
Market Study Report recently introduced new title on “2020-2026 Global Video Conferencing Market Report” from its database. The report provides study with in-depth overview, describing about the Product, Industry Scope and elaborates Market size outlook and status to 2026. Video Conferencing Market size is anticipated to grow at over 19% CAGR between 2020 and 2026. The global video conferencing market is set to register a tremendous rise in its growth
What's driving the Patient Monitoring Devices Market Size? Fukuda, Philips, Skan …
Selbyville, Delaware the prime objective of Patient Monitoring Devices report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. Wireless segment is anticipated to witness more than 5% growth over the forecast period. Substantial growth can be attributed to rising preference for
What's driving the 3D Implants Market trends? Stryker, Smith and Nephew, DJO Glo …
The 3D Implants market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations. Request a sample Report of 3D Implants Market at: https://www.marketstudyreport.com/request-a-sample/2679238/?utm_source=OPR.com/&utm_medium=SP The most likely (base case) scenario
Artificial Vascular Implants Market is thriving worldwide by 2025 | Top Key Play …
Global Artificial Vascular Implants Market Report added at Market Study Report LLC offers industry size, share, growth, trends and forecast analysis up to 2025. Artificial Vascular Implants Market Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global Artificial Vascular Implants market and provides information regarding the revenue for the period 2020 to 2025. The Artificial Vascular Implants market report provides
More Releases for CAGR
Catalase Market : Research Observes Strong CAGR Development
The "Global Catalase Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 - 2024", report intends to offer a resourceful means to assess the Catalase Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Catalase Market report, titled Catalase Market, is expansive research
Citicoline Market | CAGR of 14.4%
The global Citicoline Market 2020 Report provides fine intelligence that helps market players to compete well against the tough competition on the basis of growth, sales and other various important factors. The research report lays stress on key growth opportunities and market trends apart from important market dynamics including market drivers and challenges. With the help of this report, involved parties can equip themselves to adapt along with the changes
Footwear Market : Research Observes Strong CAGR Development
The "Global Footwear Market Set for Rapid Growth, to Reach Around USD 320.44 Billion by 2023", report intends to offer a resourceful means to assess the Footwear Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Footwear Market report, titled Footwear Market, is expansive research
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020