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Germany AI in Manufacturing Market Future Growth Prospects and Market Trends Adopted by the Competitors, Regions with Forecast by 2025

01-15-2020 10:46 AM CET | IT, New Media & Software

Press release from: Orion Market Research

Germany AI in Manufacturing Market

Germany AI in Manufacturing Market

German AI in manufacturing market is estimated to grow at a CAGR of over 33% during the forecast period. The presence of well-established companies is one of the major factors driving the growth of AI in the manufacturing market in the country. The government is focusing to create AI environment in the country for the overall growth of the country. Since the introduction of Industry 4.0 in 2011, Germany has been focussing on progress toward smart manufacturing through automation and AI. However, German manufacturing industry lags behind that of other developed countries in adopting Industry 4.0 technologies.

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Some of the companies operating in the German AI in Manufacturing market include Schneider Electric SE, Siemens AG, Microsoft Corp., Google LLC, Oracle Corp., and others.

The market is segmented on the basis of application and end-user. Based on application, the market is segmented into quality control & reclamation, predictive maintenance, supply network optimization, and others including production planning. Predictive maintenance held the highest share in 2018 owing to increasing demand for accuracy and reliability during the manufacturing process. Based on end-user, the market is segmented into automobile, pharmaceutical, heavy metal & machine manufacturing and others. The automobile segment dominated the market in 2018.

For More Information get A full report of Germany AI in Manufacturing is available at: https://www.omrglobal.com/industry-reports/germany-ai-in-manufacturing-market

In addition, the presence of start-ups in the country provide a growth potential for the market in the near future. Konux is a German-based start-up founded in 2014. The start-up offers a predictive maintenance system for Rail Switches. It is an end-to-end solution which uses IoT sensors and AI to improve network ability. The company raised $2 million from Silicon Valley business angels in 2015. To expand AI capabilities in the European market the company secured Series A funding of $16 million in 2017. It secured series B funding of $20 million in 2018.

Germany AI in Manufacturing Market Segmentation

Germany AI in Manufacturing Market by Application

• Quality Control & Reclamation
• Predictive Maintenance
• Supply Network Optimization
• Others (Production Planning)

Germany AI in Manufacturing Market by End-User

• Automobile
• Pharmaceutical
• Heavy Metal & Machine Manufacturing
• Others (Semiconductor and Electronics)

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/germany-ai-in-manufacturing-market

Media Contact:

Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 7803040404

About Orion Market Research

OMR provide global and regional market reports of various domains such as healthcare, energy, IT, chemicals, and automobiles. OMR provide a 360-degree view of the market with parametric analysis, key market insights, key findings, statistical forecasts, competitive landscape, extensive segmentation, key trends, strategic recommendations and detailed company profiles.

For More Information, Visit https://www.omrglobal.com/

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