Press release
Artificial Intelligence in Manufacturing Market Size 2021 Analysis, Growth, Vendors, Drivers, Challenges With Forecast To 2027 | Google, Nvidia, Intel, IBM, Siemens, General Electric (GE) Company, and Microsoft.
Global Artificial Intelligence in Manufacturing Market
In addition, the report will also include the calculated expected CAGR of Artificial Intelligence in Manufacturing market on the basis of current and historical records relative to the global market.
Artificial Intelligence in Manufacturing Market was valued at USD 969.97 million in 2019 and is projected to reach USD 22883.55 million by 2027, growing at a CAGR of 52.32% from 2020 to 2027.
Adoption of IoT and atomization by industry, rising complex data sets, declining hardware cost and increasing computing power are major factors for driving the market growth of Artificial Intelligence in Manufacturing Market.
The report also contains the research and development activities of these companies and provided complete data about their existing products and services. Top Key players of Artificial Intelligence in Manufacturing Market.
Top Key players
Nvidia, Intel, IBM, Siemens, General Electric (GE) Company, Google, and Microsoft.
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Global Artificial Intelligence in Manufacturing Market: Segment Analysis.
Artificial Intelligence in Manufacturing Market by Offering: Based on Offering, Artificial Intelligence in Manufacturing Market is segmented into Hardware, Software and Services. Hardwar segment is expected to hold the largest market share due to increasing need of hardware to run various AI software, to run Al algorithms are driving the growth of the hardware segment.
Artificial Intelligence in Manufacturing Market by Technology: Machine Learning, Computer Vision, Context Awareness, Natural Language Processing
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Artificial Intelligence in Manufacturing Market by Application: Material Movement, Predictive Maintenance & Machinery Inspection, Production Planning, Field Services, Quality Control & Reclamation.
Among this entire segmentation, Predictive Maintenance & Machinery Inspection is expected to hold largest share due to its usage in machinery inspection and various industries are installing IoT. Predictive Maintenance & Machinery Inspection is regular application of artificial intelligence.
Artificial Intelligence in Manufacturing Market by Geography: North America, Europe, Asia Pacific, Rest of the world.
The largest share in the market will be dominated by Asia-Pacific due to presence of most number of manufacturing plant in the world.in some dark plants in china there are only robots work, where human is not required. Artificial intelligence can make robots smarter thus, high rate of adoption of industrial robots are driving market growth in Asia-Pacific region.
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Report Includes Following Questions:
➊ What is the anticipated growth rate of the global Artificial Intelligence in Manufacturing Market in the forecast period?
➋ Which regional segment is estimated to account for a massive share of the global Artificial Intelligence in Manufacturing Market?
➌ What are the primary driving factors of the global Artificial Intelligence in Manufacturing Market?
➍ What are the vital challenges faced by the prominent players in the global Artificial Intelligence in Manufacturing Market?
➎ Which current trends are likely to offer promising growth prospects in the next few years?
➏ How is the competitive landscape of the global Artificial Intelligence in Manufacturing Market at present?
➐ What are the key driving factors of the global Artificial Intelligence in Manufacturing Market?
➑ How has the covid-19 impacted the growth of the market?
➒ Which latest trends are anticipated to offer potential growth prospected in the coming years?
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Verified Market Research
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About Us: Verified Market Research
Verified Market Research is a leading Global Research and Consulting firm that has been providing advanced analytical research solutions, custom consulting and in-depth data analysis for 10+ years to individuals and companies alike that are looking for accurate, reliable and up to date research data and technical consulting. We offer insights into strategic and growth analyses, Data necessary to achieve corporate goals and help make critical revenue decisions.
Our research studies help our clients make superior data-driven decisions, understand market forecast, capitalize on future opportunities and optimize efficiency by working as their partner to deliver accurate and valuable information. The industries we cover span over a large spectrum including Technology, Chemicals, Manufacturing, Energy, Food and Beverages, Automotive, Robotics, Packaging, Construction, Mining & Gas. Etc.
We, at Verified Market Research assist in understanding holistic market indicating factors and most current and future market trends. Our analysts, with their high expertise in data gathering and governance, utilize industry techniques to collate and examine data at all stages. They are trained to combine modern data collection techniques, superior research methodology, subject expertise and years of collective experience to produce informative and accurate research.
Having serviced over 5000+ clients, we have provided reliable market research services to more than 100 Global Fortune 500 companies such as Amazon, Dell, IBM, Shell, Exxon Mobil, General Electric, Siemens, Microsoft, Sony and Hitachi. We have co-consulted with some of the world’s leading consulting firms like McKinsey & Company, Boston Consulting Group, Bain and Company for custom research and consulting projects for businesses worldwide.
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