Press release
Germany AI in Manufacturing Market Trends 2021 | Segmentation, Outlook, Industry Report to 2027
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.Get Free Sample Copy @ https://www.omrglobal.com/request-sample/germany-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.
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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. 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.
Market Segmentation
By Application
• Quality Control & Reclamation
• Predictive Maintenance
• Supply Network Optimization
• Others (Production Planning)
By End-User
• Automobile
• Pharmaceutical
• Heavy Metal & Machine Manufacturing
• Others (Semiconductor and Electronics)
Company Profiles
• Automation Anywhere, Inc.
• Fujitsu Ltd.
• Google LLC
• IBM Corp.
• Microsoft Corp.
• Oracle Corp.
• Rockwell Automation, Inc.
• Schneider Electric SE
• Siemens AG
• TXT E-SOLUTIONS S.P.A.
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Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
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About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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