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UK AI in Manufacturing Market Competitive Analysis by end user industries & Forecast to 2025 | SAS Institute Inc., NVIDIA Corp., Google, LLC, IBM Corp., Microsoft Corp.

01-15-2020 11:23 AM CET | IT, New Media & Software

Press release from: Orion Market Research

UK AI in Manufacturing Market

UK AI in Manufacturing Market

UK AI in manufacturing market is estimated to grow at a CAGR of 32.3% during the forecast period. UK is the 3rd largest economy after Germany and France in Europe. According to the government of UK (gov.uk), over 50 leading companies and organizations have contributed to the development of the AI sector worth around $1.3 billion, including almost $390 million of private sector investment. Furthermore, Chrysalix, a Canadian venture capital, announced in 2018 to open a European headquarters in UK and planned to invest more than $100 million in local start-ups specializing in AI and robotics.

Get Sample Copy of UK AI in Manufacturing Market at: https://www.omrglobal.com/request-sample/uk-ai-in-manufacturing-market

There are various prominent players that are significantly contributing to the AI in the manufacturing market which includes SAS Institute Inc., NVIDIA Corp., Google, LLC, IBM Corp., Microsoft Corp., and others.

Increasing industrial automation is raising the demand for industrial robots however the density of robots is below the global average (74 robots per 10,000 employees). As per the International Federation of Robotics, UK robot density was 71 per 10,000 employees in 2016, which signifies there is a lot of scope for industrial robots in the country. However, in the last couple of years, the country is adding industrial robots at a lower rate. In 2018, the total new robot installation decreased by 3% to 2,306. Although, in 2017 the country had shown a growth of 31% year on year basis.

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

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.

UK AI in Manufacturing Market Segmentation

UK AI in Manufacturing Market by Application

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

UK AI in Manufacturing Market by End-User

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

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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.

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