Explore How Artificial Intelligence Is Transforming the Manufacturing Industry : 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐬𝐭𝐮𝐝𝐲 𝐞𝐱𝐩𝐥𝐨𝐫𝐞𝐬 𝐇𝐮𝐠𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐅𝐮𝐭𝐮

Artificial Intelligence in Manufacturing Market is expected to reach $18.8 billion by 2027, at a CAGR of 41.2% during the forecast period of 2020 to 2027.

The advent of industrial 4.0, increasing huge & complex amounts of dataset, and rising adoption of industrial IoT in manufacturing industry the key factors driving the growth of artificial intelligence in manufacturing market. However, lack of infrastructure & high procurement operating costs in various countries obstructs the growth of this market to some extent.

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The market is majorly driven by the factors such as the advent of Industrial 4.0, increasing huge & complex amount of dataset, and rising adoption of industrial IoT in manufacturing industry. Moreover, emerging economies such as Asia Pacific and Latin America are offering significant opportunities for the vendors operating in the artificial intelligence in manufacturing market. However, lack of infrastructure & high procurement operating costs across several developing countries obstructs the growth of this market to some extent.

The global artificial intelligence in manufacturing market study presents historical market data in terms of value (2017 and 2018), current data (2019), and forecasts for 2027. The overall AI in manufacturing market is segmented on the basis of component (hardware, software, services), technology (machine learning, computer vision, natural language processing, context-aware computing), application (field services, quality management, cybersecurity, industrial robot, predictive maintenance & machinery inspection, material handling, production planning), industry vertical (semiconductors & electronics, energy & power, pharmaceuticals, medical devices, automotive, heavy metals & machine manufacturing, food & beverages), and geography. The study also evaluates industry competitors and analyses the market at a country level.

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Key questions answered in the report-

1 Which are the high growth market segments in terms of the component, technology, application, industry vertical, and countries in the overall AI in manufacturing market?
2 What are the AI in manufacturing market forecasts and estimates from the period of 2019-2027?

3 What are the major drivers, restraints, and opportunities in the global AI in manufacturing market?
4 Who are the major players in the global market and what share of the market do they hold?
5 Who are the major players in various countries and what share of the market do they hold?
How is the competitive landscape?
6 What are the recent developments in the global AI in manufacturing market?
7 What are the different strategies adopted by the major players in the market?
8 What are the geographic trends and high growth countries?
9 Who are the local emerging players in the global AI in manufacturing market and how do they compete with the other players?

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Geographical Analysis:

Geographically, the North America region commanded the largest share of the global AI in manufacturing market in 2019. The large share of this region is primarily attributed to the presence of major manufacturing companies and their focus on developing advanced solutions to optimize manufacturing operations and process, along with increasing funding by government for technological advancements. In addition, presence of large number of startups, increasing computing power, growing industrial IoT, rising automation for intelligent business processes, and increasing adoption of robotics in the U.S. and Canada further supports the dominance of this region in the global AI in manufacturing market. However, Asia-Pacific region is expected to witness rapid growth during the forecast period.

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Key Players:

The key players operating in the global artificial intelligence in manufacturing market are Alphabet, Inc. (U.S.), IBM Corporation (U.S.), Intel Corporation (U.S.), Microsoft Corporation (U.S.), Nvidia Corporation (U.S.), Oracle Corporation (U.S.), Amazon Web Services, Inc. (U.S.), Siemens AG (Germany), General Electric Company (U.S.), SAP SE (Germany), Robert Bosch GmbH (Germany), Cisco Systems, Inc. (U.S.), Rockwell Automation, Inc. (U.S.), Advanced Micro Devices, Inc. (U.S.), and Sight Machine, Inc. (U.S.) among others.

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