Latest added Artificial Intelligence (AI) in Manufacturing Market research study by MarketDigits offers detailed product outlook and elaborates market review till 2026. The market Study is segmented by key regions that is accelerating the marketization. At present, the market is sharping its presence and some of the key players in the study are NVIDIA Corporation, IBM Corporation, Alphabet, Google, Microsoft Corporation, Intel Corporation, Siemens AG. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.
This report studies the Artificial Intelligence (AI) in Manufacturing Market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the Artificial Intelligence (AI) in Manufacturing Market by companies, region, type and end-use industry.
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Scroll down 100s of data Tables, charts and graphs spread through Pages and in-depth Table of Content on “Artificial Intelligence (AI) in Manufacturing Market, By Offering (Hardware, Software, Services), Technology (Machine Learning, Natural Language Processing), Application, Industry Vertical and Geography – Global Forecast to 2026”. Early buyers will get 10% customization on study.
To Avail deep insights of Artificial Intelligence (AI) in Manufacturing Market Size, competition landscape is provided i.e. Revenue Analysis (M $US) by Company (2018-2020), Segment Revenue Market Share (%) by Players (2018-2020) and further a qualitative analysis is made towards market concentration rate, product/service differences, new entrants and the technological trends in future.
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Global Artificial Intelligence In Manufacturing Market: Overview
The artificial intelligence (AI) in manufacturing market size is projected to reach USD 19.9 Billion by 2026, from USD 1.4 Billion in 2020 growing at a CAGR of 55.7% during 2021-2026.
The global artificial intelligence in manufacturing market has gathered pace in its growth with rapidly evolving industrial automation and IoT. Artificial intelligence or AI is one of the fastest-growing technologies in the recent years. Artificial intelligence is associated with human intelligence with similar characteristics such as reasoning, understanding, problem solving, language, and learning. Incorporation of AI in manufacturing industry provides safer operational environment, which further helps in enhancing the quality and quantity of the production.
An upcoming report on the global artificial intelligence in manufacturing market by MarketDigits could be a valuable source of information for major stakeholders in the market. This is because of the exhaustive information, gathered after thorough primary and secondary research, contained in it. The report would be an objective guideline of growth drivers, restraints, opportunities, and pitfalls in the market. The report would also offer a brilliant study of the market as it focus on market dynamics, segmentation, competitive landscape, and geographical outreach. It is a useful guidelines for players to cement a strong position in the global artificial intelligence in manufacturing market.
Global Artificial Intelligence In Manufacturing Market: Key Trends
Artificial intelligence is widely adopted by the manufacturers in the industries such as pharmaceuticals, automobile, food and beverages, and energy and power. Increasing venture capital investments, growing demand for automation, and rapidly evolving industries and industrial IoT are believed to be driving the global artificial intelligence in manufacturing market. Along with these, growing demand for hardware platforms, and increasing need for high-computing processors to run a wide range of AI software are also expected to propel the global artificial intelligence in manufacturing market. AI in manufacturing industry helps in collecting and handling big data. Thus, it is extensively used in various manufacturing applications such as machinery inspection, cybersecurity, quality control, and predictive analytics. All such factors are expected to boost the global artificial intelligence in manufacturing market.
Furthermore, growing demand for machine learning technology and computer vision for machinery inspection, increasing adoption of AI by factories to reduce machine downtime, and rising demand from factories to improve productivity and reduce operational cost are projected to fuel the global artificial intelligence in manufacturing market. The integration of AI technology in machinery inspection and predictive maintenance encompasses testing, regular examination, lubrication, inspection, and adjustments of equipment. Such benefits are expected to thrust the global artificial intelligence in manufacturing market.
Global Artificial Intelligence In Manufacturing Market: Regional Outlook
Geographically, APAC is expected to lead the global artificial intelligence in manufacturing market as the region has witnessed rapid establishment of multiple manufacturing plants. Increasing demand for only robots work, and rising adoption of industrial robots in manufacturing plants could also be responsible for fueling the artificial intelligence in manufacturing market in the region. Other prominent region in the market is North America. Increasing cross-indsutry participation in manufacturing domain is expected to boost the artificial intelligence in manufacturing market in this region.
Global Artificial Intelligence In Manufacturing Market: Competitive Dynamics
Key players operating in the global artificial intelligence in manufacturing market are IBM, Microsoft, Siemens, Intel, Google, and AWS.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
This study by MarketDigits is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at MarketDigits adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by MarketDigits are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at MarketDigits helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
With a robust experience in creating exceptional market reports, MarketDigits has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at MarketDigits goes through rigorous research activity in every aspect. The researchers at MarketDigits keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.
MarketDigits researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes MarketDigits stand out from other market research firms.
With the effectual use of technology, innovative applications & expertise, this Artificial Intelligence (AI) in Manufacturing Market research report has been generated which successfully manages bulky and complex market data tables. To give clear idea about the current and future marketplace, most up to date market insights & analysis has been offered via this report. Several critical market factors covered in this Artificial Intelligence (AI) in Manufacturing Market report consist of primary research, benchmarking studies, secondary research, company profiles, competitive intelligence & reporting, syndicated research, data collection, data processing and analysis, survey design, and survey programming.
Artificial Intelligence (AI) in Manufacturing Market Reports – Table of Contents
2. Assumptions and Research Methodology
3. Executive Summary: Global Artificial Intelligence (AI) in Manufacturing Market
4. Market Overview
5. Key Insights
6. Global Artificial Intelligence (AI) in Manufacturing Market Analysis and Forecast, By Product
7. Global Artificial Intelligence (AI) in Manufacturing Market Analysis and Forecast, By Detector
8. Global Artificial Intelligence (AI) in Manufacturing Market Analysis and Forecast, By Technology
9. Global Artificial Intelligence (AI) in Manufacturing Market Analysis and Forecast, By Application
10. Global Artificial Intelligence (AI) in Manufacturing Market Analysis and Forecast, By End-user
11. Global Artificial Intelligence (AI) in Manufacturing Market Analysis and Forecast, By Region
12. North America Artificial Intelligence (AI) in Manufacturing Market Analysis and Forecast
13. Europe Artificial Intelligence (AI) in Manufacturing Market Analysis and Forecast
14. Asia Pacific Artificial Intelligence (AI) in Manufacturing Market Analysis and Forecast
15. Latin America Artificial Intelligence (AI) in Manufacturing Market Analysis and Forecast
16. Middle East & Africa Artificial Intelligence (AI) in Manufacturing Market Analysis and Forecast
17. Competitive Landscape
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