Press release
What's driving the Artificial Intelligence (AI) in Manufacturing Market trends? AWS, Falkonry, Google, Intel, Nvidia, Microsoft, Qualcomm, Progress Software, Oracle, UBTECH Robotics, Sight Machine, Landing, IMB, Graphcore, General Vision
According to the research report titled 'Artificial Intelligence (AI) in Manufacturing Market Size By Component Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 - 2025', available with Market Study Report LLC, artificial intelligence in manufacturing market is expected to exceed USD 16 billion by the year 2025.
Surging venture capital investments and rapid digitalization of manufacturing processes are driving the growth of worldwide artificial intelligence in manufacturing industry. Large amounts of data generated due to industrial digitalization is fostering the demand for advanced data analytics and AI technologies in manufacturing processes across the globe.
Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/1689429/?utm_source=Openpr.com&utm_medium=AN
The prominent companies operating in artificial intelligence in manufacturing industry are Vicarious, AWS, Falkonry, Google, Intel, Nvidia, Microsoft, Qualcomm, Progress Software, Oracle, UBTECH Robotics, Sight Machine, Landing, IMB, Graphcore, General Vision, Canvas Analytics and Advanced Micro Devices among others.
Emergence of Industry 4.0 and growing focus towards improving productivity while minimizing operational costs are further aiding the market expansion. Adoption of these advanced technologies has allowed manufacturers to predict the consumer demand and further align their respective operations according to the consumer requirements.
As per component type, hardware segment presently accounts for 57% share in the overall market, primarily due to growing integration of artificial intelligence solutions across various industries. Meanwhile, GPU (graphic processing unit) segment holds 45% market share owing to growing demand for high processing capabilities and improved visual content.
In terms of technology, machine learning segment held 47% revenue share in 2018 and is presumed to expand continuously through 2025. The technology not only enhances quality management throughout all the stages of the manufacturing process, but also predicts the product quality at an early stage of development. On the other hand, computer vision segment is expected to grow with a CAGR of 45% during 2019-2025, owing to increasing utilization of automation and IoT solutions.
Considering the geographical landscape, Asia-Pacific held 43% share of global artificial intelligence in manufacturing market in 2018. High concentration of advanced manufacturing facilities in South Korea, Japan and China along with surging incorporation of Industry 4.0 are promoting the business scenario in APAC.
Request a discount on standard prices of this report at: https://www.marketstudyreport.com/check-for-discount/1689429/?utm_source=Openpr.com&utm_medium=AN
Question & Answer: Artificial Intelligence in Manufacturing Industry
Question 1: What factors are fueling the demand for artificial intelligence technology in manufacturing sector?
Answer: Large amounts of data generated due to industrial digitalization is fostering the demand for advanced data analytics and AI technologies in manufacturing processes across the globe.
Question 2: Why are machine learning solutions being incorporated across manufacturing facilities?
Answer: Machine learning technology not only enhances quality management throughout all the stages of the manufacturing process, but also predicts the product quality at an early stage of development, which is favoring its popularity.
Question 3: Will APAC generate substantial revenues for artificial intelligence in manufacturing market?
Answer: High concentration of advanced manufacturing facilities in South Korea, Japan and China along with surging integration of Industry 4.0 are promoting the business scenario in APAC.
Question 4: How is the competitive terrain of artificial intelligence in manufacturing industry defined?
Answer: The prominent companies operating in artificial intelligence in manufacturing market are Vicarious, AWS, Falkonry, Google, Intel, Nvidia and Microsoft among others.
Contact Us:
Market Study Report LLC
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: https://www.marketstudyreport.com
Blog: https://www.marketstudyreport.com/blog
About Us:
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.
This release was published on openPR.
Permanent link to this press release:
Copy
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 What's driving the Artificial Intelligence (AI) in Manufacturing Market trends? AWS, Falkonry, Google, Intel, Nvidia, Microsoft, Qualcomm, Progress Software, Oracle, UBTECH Robotics, Sight Machine, Landing, IMB, Graphcore, General Vision here
News-ID: 2032995 • Views: …
More Releases from marketstudyreport.com
Load Bank Market Growth Prospectus by 2028 - Business Opportunities by ASCO Powe …
A concise assortment of data on the 'Load Bank Market' offers an exhaustive study targeting current market trends influencing the business across assorted regions. Significant details related to market size, market share, applications, and statistics are put together to convey an ensemble prediction of the industry. The research further focuses on comprehensive competitor analysis in addition to highlighting growth strategies embraced by market leaders.
Load Bank Market Size was estimated…
Agriculture Equipment Market is Expected to Reach USD 161640 Million by 2028 - J …
Global Agriculture Equipment Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of the market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report.
Global Agriculture Equipment Market Size was estimated at USD 114110 million in 2021 and is projected to reach USD 161640 million by 2028, exhibiting a CAGR of…
Electric Vehicle Market Size to grow at a CAGR of 23.5% through 2028| Tesla Inc. …
Global Electric Vehicle Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report.
The electric vehicles (EVs) market is estimated to witness a robust growth rate of 23.5% during the period 2019-2028.
The operation is done to stop ligament tears and…
Fuel Cell Air Compressor Market is Expected to Reach USD 512.3 Million by 2028 - …
Global Fuel Cell Air Compressor Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report.
Global Fuel Cell Air Compressor Market Size was estimated at USD 215.1 million in 2021 and is projected to reach USD 512.3 million by 2028, exhibiting…
More Releases for Intel
Auriga Joins Intel IoT Solutions Alliance
Auriga, a US-based software development service provider, is proud to announce that it has become a member of the Intel® IoT Solutions Alliance, one of the world’s most trusted ecosystems that helps accelerate IoT innovation worldwide and develop first-in-market IoT solutions. The Alliance membership enables Auriga to leverage Intel® scalable, interoperable technologies to deliver best-in-class IoT software to its customers.
Intel® estimates that the IoT world will have 200 billion smart…
Global Slim Laptop Market By Type (Intel I3, Intel I5 Low Power Version, Sharp D …
The Global Slim Laptop Market 2020 report implement in-depth research of the industry with a focus on the current market trends future prospects. The Global Slim Laptop Market report aims to provide an overview of Slim Laptop Market players with detailed market segmentation by product, application and geographical region. It also provides market share and size, revenue forecast, growth opportunity. The most recent trending report Worldwide Slim Laptop Market Economy…
Wearable Computer Market Global Forecast 2018| Studied By LG, ,Honeywell, Epson, …
UpMarketResearch published an exclusive report on “Wearable Computer market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 115 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. This report focuses on the Wearable Computer market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa.…
Smart Grid Security Market - Competitive Analysis | Cisco Systems, Inc., Intel C …
The global market for smart grid security is highly influenced by the rise in the population and the rapid pace of urbanization in emerging economies. The main factor behind this is increasing shift of energy resources companies to smart meters and smart appliances by leveraging Internet of Things (IoT) and cloud, owing to the augmenting pressure on them to meet the ever-increasing energy requirements of the urban population. With this,…
3D NAND Memory Market Forecast by Regions and Applications: Samsung, Toshiba, Sa …
Market Research Future published a research report on “Global 3D NAND Memory Market Research Report- Global Forecast 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.
Market Synopsis of 3D NAND Memory Market
Market Scenario:
3D NAND Memory is type of flash memory and non-volatile with various application. It is a three dimensional arrangement of an array on a silicon substrate. This memory came into existence in the year 2013 by…
Intel Labs launches the Intel Collaborative Research Institute for Computational …
22 May, 2012
—While computer performance exceeds human performance in many respects, there are still many tasks that humans perform easily and computers have a hard time with. Intel, in collaboration with the Technion–Israel Institute of Technology and the Hebrew University of Jerusalem, hopes to change this situation by exploring technologies that mimic the human brain's mode of action—
Intel today announced it is establishing the Intel Collaborative Research institute for…
