Press release
AI in Manufacturing Market to be Worth $29.1 Billion by 2030
AI in Manufacturing Market
Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=4983
With the advent of Industry 4.0, the manufacturing industry has made significant progress in adopting advanced technologies for manufacturing operations and processes. Manufacturing industries are implementing AI-powered intelligent solutions & services to enhance the automation and operational efficiency of organizations. Thus, there is considerable growth in the demand for the adoption of AI in the manufacturing industry for intelligent manufacturing processes that offer decentralized decision-making, optimize logistics & supply chains, enhance production outcomes, advance process effectiveness, and minimize operational costs, enabling an intelligent manufacturing environment.
The increasing amount of large complex data and the rising adoption of industrial IoT in the manufacturing industry are the key factors driving the growth of this market. Factors such as the growth of operational productivity in manufacturing operations, rising demand for AI-based applications, growing usage of computer vision in manufacturing, increasing deployment of automation technologies, and growing adoption of 5G technology also contribute to the growth of AI in manufacturing market.
Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=4983
Based on component, in 2023, the hardware segment is expected to account for the largest share of the AI in manufacturing market. The large market share of this segment is attributed to the rising demand for robust and cost-effective servers, storage, and networking devices among business enterprises to enhance operational efficiency. However, the software segment is slated to register the highest CAGR during the forecast period. The increasing usage of learning analytics, high adoption of cloud-based technology, growing acceptance of assistants driven by machine learning, NLP, computer vision techniques, and rising demand for AI platforms for manufacturing operations are expected to support the growth of this segment.
Based on technology, in 2023, the machine learning segment is expected to account for the largest share of the AI in manufacturing market. The large market share of this segment is attributed to the growing demand for AI-based intelligent solutions and the rising need for predictive maintenance & machinery inspection, material handling, and production planning.
Based on application, in 2023, the predictive maintenance & machinery inspection segment is expected to account for the largest share of the AI in manufacturing market. The large market share of this segment is attributed to the increasing demand for self-monitoring, improving production capacity, increasing use of emerging technologies to gain valuable insights, and increasing demand to reduce costs related to operating heavy equipment.
Quick Buy - AI in Manufacturing Market Research Report: https://www.meticulousresearch.com/Checkout/96231937
Based on end-use industry, in 2023, the automotive segment is expected to account for the largest share of the AI in manufacturing market. The large market share of this segment is attributed to the growing demand for autonomous vehicles and advanced automotive solutions for quality management. However, the medical devices segment is slated to register the highest CAGR during the forecast period. The rising prevalence of chronic diseases and the increasing geriatric population, the outbreak of the COVID-19 pandemic, the rising focus on preventive medical equipment maintenance to reduce unplanned downtime and improve operational productivity, and the increasing need to reduce the operational cost of medical equipment are expected to support the growth of this segment.
Based on geography, in 2023, Asia-Pacific is expected to account for the largest share of the global AI in manufacturing market. The large market share of this market is attributed to the increasing investment by technology leaders and favorable government initiatives to promote the adoption of advanced technologies. Further, the presence of a large number of manufacturing companies in China, South Korea, and Japan, along with the strong presence of automobile and electronics, and semiconductor companies, is also encouraging the fast growth of the region in the global market.
The key players operating in the AI 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.).
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/artificial-intelligence-in-manufacturing-market-4983
Scope of the Report:
AI in Manufacturing Market Assessment, by Component
Hardware
Processors
Networking
Memory
Software
AI Platforms
AI Solutions
Services
Deployment & Integration
Support & Maintenance
AI in Manufacturing Market Assessment, by Technology
Machine Learning (ML)
Natural Language Processing (NLP)
Context-Aware Computing
Computer Vision
Speech and Voice Recognition
AI in Manufacturing Market Assessment, by Application
Field Services
Quality Management
Cybersecurity
Robotics & Factory Automation
Predictive Maintenance & Machinery Inspection
Material Handling
Production Planning
Safety Planning
Energy management
Supply Chain Optimization
AI in Manufacturing Market Assessment, by End-use Industry
Semiconductor & Electronics
Energy & Power
Pharmaceuticals
Medical Devices
Automotive
Heavy Metals & Machine Manufacturing
Fast-moving Consumer Goods
Aerospace and Defense
Other End-use Industries
AI in Manufacturing Market Assessment, by Geography
North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Netherlands
Russia
Turkey
Ireland
Rest of Europe
Asia-Pacific
Japan
China
India
South Korea
Australia & New Zealand
Indonesia
Thailand
Taiwan
Vietnam
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
UAE
Israel
Rest of Middle East & Africa
Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=4983
About Us
We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition.
Address
Office No-202, 203,204,205,206
2nd Floor, Pushpak Business Hub,
Wakad, Pimpri-Chinchwad,
411057, India.
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 AI in Manufacturing Market to be Worth $29.1 Billion by 2030 here
News-ID: 3235599 • Views: …
More Releases from Meticulous Research
The Cloud Managed Services Market is projected to reach $247.5 billion by 2030
The Cloud Managed Services Market is projected to reach $247.5 billion by 2030, growing at a robust CAGR of 14.2% from 2023 to 2030. This growth is fueled by advancements in cloud technologies, increasing demand in sectors like BFSI and healthcare, and a rising focus on customized and managed cloud services. However, challenges such as high costs, security risks, compliance issues, and limited flexibility may impact market growth.
Download free…
Language Learning Market Projected to Reach $124.6 Billion by 2031
Meticulous Research® recently published a report titled, "Language Learning Market by Age Group (40 years), Language (English, Mandarin, Spanish, French, German, Italian, Japanese), End User (B2C, B2B), and Geography - Global Forecast to 2031."
Download sample report here: https://www.meticulousresearch.com/download-sample-report/cp_id=5561
According to the report, the language learning market is anticipated to reach $124.6 billion by 2031, growing at a CAGR of 10.7% from 2024 to 2031. Key factors fueling this growth…
Oncology Information Systems Market to be Worth $4.45 Billion by 2030: Analytica …
Introduction:
Meticulous Research® recently released a comprehensive report titled "Oncology Information Systems Market By Offering (Software, Services) Application (Medical, Surgical, Radiology Oncology) End User (Hospital, Diagnostic Imaging Center, Cancer Care Center) - Global Forecast to 2030." The report reveals that the oncology information systems (OIS) market is projected to reach approximately $4.45 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.4% from 2024. This growth is…
IoT Sensors Market to be Worth $56.8 Billion by 2030
Meticulous Research®-a leading global market research company, published a research report titled, 'IoT Sensors Market by Offering (Image Sensors, RFID Sensors, Biosensors, Humidity Sensors, Optical Sensors, Others), Technology (Wired, Wireless), Sector (Manufacturing, Retail, Consumer Electronics, Others), & Geography - Global Forecast to 2030.'
According to this latest publication from Meticulous Research®, in terms of value, the IoT sensors market is projected to reach $56.8 billion by 2030, at a CAGR of…
More Releases for Manufacturing
Global Miscellaneous Market by Types (Gasket, Packing, and Sealing Device Manufa …
The global Miscellaneous market was valued at xx million in 2020 and is projected to reach US$ xx million by 2027, at a CAGR of xx% during the forecast period.
Global Miscellaneous Market overview
Miscellaneous Market research report offers great insights into the market and consumer data and their interpretation through various figures and graphs.
Miscellaneous markets have experienced significant growth in recent years. The main reason for this is the increasing…
Smart Factory Transforming from “Manufacturing” to “Intelligent Manufactur …
The concept of “Industry 4.0” was officially announced by the German government in 2013 at the Hannover Messe. Since then, its influence has taken the world by storm. From steam mechanization to power automation to data informatization, the Industry 4.0, driven by “intelligentization”, will completely subvert the expectations, changing perceptions of productivity and production relations in the traditional manufacturing industry by way of qualitative change – an immortal monument, perhaps,…
Additive & Conventional Manufacturing – Hybrid Manufacturing Techniques From C …
Croft Filters, based in Warrington, England, have been supplying custom filtration and separation solutions for over 31 years. Over this time, Croft has developed a reputation for their quality, bespoke service through manufacturing a variety of products for specific requirements. These products have included Filtration Cones, Baskets & Screens, Disc Filters and Filtration Housings amongst others, and they are made with Wire Mesh, Wedge Wire and Perforated Plate, depending on…
Storage Hopper Market 2017 - HES Manufacturing, Meridian Manufacturing Inc
Apex Research, recently published a detailed market research study focused on the "Storage Hopper Market" across the global, regional and country level. The report provides 360° analysis of "Storage Hopper Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Storage Hopper industry, and estimates the future trend of Storage Hopper market…
Digital Meter Market 2017 - Al-Jon Manufacturing, Environmental Manufacturing, H …
The Global Digital Meter Market 2017 Industry Research Report focused on global and regional market, major manufacturers, as well as the current state of the Digital Meter industry. First, "Global Digital Meter Industry 2017" report analyzed the basic scope of this industry like definition, specification, classification, application, industry policy, news analysis and Digital Meter industry chain structure.
Major Companies Covered in this report:-
Al-Jon Manufacturing
Heitman Laboratories
Kws Manufacturing Company
Kmb Systems
Obvius Holdingd Llc
Lubecorp Manufacturing
Quadlogic…
Competitive Segmentation of Global Mixed-mode Manufacturing Market 2016 Industry …
The market research report titled Mixed-mode Manufacturing Market Research Report 2016 provides a detailed overview of the global Mixed-mode Manufacturing market, in terms of crucial market factors such as the demand drivers, challenges, market segments, key companies, and the recent market trends. The quantitative and the qualitative information presented in this research study is based on primary and secondary sources of information. Moreover, much of the information contained in this…
