Global Artificial Intelligence in the Manufacturing Sector Market – Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2023

Overview:

The manufacturing industry has seen dramatic changes in past decade and continues to undergo radical process changes in the delivery of its products. The advancement in technology and innovations are changing the market scenario and increasing the need of cost effectiveness and superior customer services. There is increasing need of implementation of technological innovations to the manufacturing processes and data to enable better decision plans, greater responsiveness to customer demands, improved product design and quality, and faster turnaround times.

Artificial Intelligence rely on large datasets, using statistical modelling and various technologies such as machine learning and natural language processing to generate insights from the manufacturing records, data, IT systems, stock control and order processing. AI uses electronic records (ER), machine produced data from apps and sensors, factory and equipment databases, which is then being applied to material technology, factory process control, customer and supplier relationship management, logistics and warehousing management, decision making and communication of process information. Besides cost and time efficiency, various other technologies are responsible for the integration of AI in manufacturing such as the growing cloud computing and robotics market.

Market Analysis:

According to Infoholic Research, AI in manufacturing market is estimated to be $330.5 million in 2017 and is expected to reach $4,012.5 million by 2023, growing at a CAGR of 51.6% during the forecast period 2017–2023. The leading adoption of internet of things, augmented reality, digitization and 3D printing are the major reasons contributing the adoption of technology in manufacturing.

Market Segmentation Analysis:

The report provides in-depth qualitative insights, historical data, and supportable projections and assumptions about the market size. The projections featured in the report have been derived using proven research methodologies and assumptions based on the vendor’s portfolio, blogs, whitepapers, and vendors presentations. Thus, the research report serves every side of the market and is segmented based on regional markets, technology type, applications, and end-user verticals.

Regions and Vendors Analysis:

The report contains an in-depth analysis of the vendor profiles, which include financial health, business units, key business priorities, SWOT, strategy, and views; and competitive landscape. The key and the prominent vendors covered in the report include Google Inc., Microsoft Corporation, IBM, Apple Inc., Preferred Networks, Inc., Skymind, Inc. and others. The vendors have been identified based on the portfolio, geographical presence, marketing & distribution channels, revenue generation, and significant investments in R&D.

The regions covered in report are North America, Europe, Asia Pacific, Latin America and Middle East and Africa. The revenue is generated mainly from North America, Europe, and Asia Pacific. North America is leading the market followed by Europe with Asia Pacific emerging in AI in manufacturing market.

Benefits

The report provides an in-depth analysis of the Global Artificial Intelligence in Manufacturing Market aiming to reduce time to market for products and services, reduce operational cost, improve accuracy, and operational performance. The major driving forces for Artificial Intelligence are the supplemental technologies such as cloud computing, cognitive analytics, and the need to shift towards cost effective solutions to make decisions in different sectors. The report discusses about technology types, applications, and regions. Furthermore, the report provides details about the major challenges impacting the market growth.

1     Industry Outlook 

1.1        Industry Overview

1.2        Industry Trends

1.3        Pest Analysis

2     Report Outline 

2.1        Report Scope

2.2        Report Summary

2.3        Research Methodology

2.4        Report Assumptions

3     Market Snapshot

3.1        Total Addressable Market (TAM)

3.2        Segmented Addressable Market (SAM)

3.3        Related Markets

3.3.1     mHealth Market

3.3.2     Cognitive Analytics

4     Market Outlook 

4.1        Overview

4.2        Market Trends

4.3        Market Definition

4.4        Porter 5 (Five) Forces

5     Market Characteristics

5.1        Market Dynamics

5.1.1     Drivers

5.1.1.1    Business process efficiency and lower operational costs

5.1.1.2    Need for on-time deliveries and instant go to market timings

5.1.1.3    Digitization in manufacturing leading to hyper customization

5.1.1.4    Growing demand for convenience and safety

5.1.2     Restraints

5.1.2.1    Compliance with privacy and data security regulations

5.1.2.2    Increased automation will lead to job losses and can create social tensions

5.1.2.3    Shortage of industry regulations and standards

5.1.2.4    Hindrances in adoption of technology

5.1.3     Opportunities

5.1.3.1    Increasing investment in AI

5.1.3.2    Growing amount of data in manufacturing

5.1.3.3    Growth of assisted driving

5.1.4     DRO – Impact Analysis

5.2        Market Segmentation

6     Technology 

6.1        Overview

6.2        Computer Vision

6.2.1     Market Size and Analysis

6.3        Deep Learning

6.3.1     Market Size and Analysis

6.4        Natural Language Processing

6.4.1     Market Size and Analysis

6.5        Context Awareness

6.5.1     Market Size and Analysis

7     Applications

7.1        Overview

7.2        Predictive Maintenance and Machinery Inspection

7.2.1     Market Size and Analysis

7.3        Material Movement

7.3.1     Market Size and Analysis

7.4        Production Planning

7.4.1     Market Size and Analysis

7.5        Field Services

7.5.1     Market Size and Analysis

7.6        Quality Control

7.6.1     Market Size and Analysis

7.7        Reclamation

7.7.1     Market Size and Analysis

8     End-User Verticals

8.1        Overview

8.2        Automobile

8.2.1     Market Size and Analysis

8.3        Energy and Power

8.3.1     Market Size and Analysis

8.4        Pharmaceuticals

8.4.1     Market Size and Analysis

8.5        Heavy Metals and Machine Manufacturing

8.5.1     Market Size and Analysis

8.6        Semiconductor and Electronics

8.6.1     Market Size and Analysis

8.7        Others

8.7.1     Market Size and Analysis

9     Regions

9.1        Overview

9.2        North America

9.2.1     Market Size and Analysis

9.2.2     DRO for North America

9.3        Europe

9.3.1     Market Size and Analysis

9.3.2     DRO for Europe

9.4        APAC

9.4.1     Market Size and Analysis

9.4.2     DRO for APAC

9.5        LAMEA

9.5.1     Market Size and Analysis

9.5.2     DRO for LAMEA

10   Vendors

10.1     IBM Corporation

10.1.1  Overview

10.1.2  Business segments

10.1.3  Geographic Revenue

10.1.4  Business Focus

10.1.5  SWOT Analysis

10.1.6  Business Strategy

10.2     Google Inc.

10.2.1  Overview

10.2.2  Business segments

10.2.3  Geographic Revenue

10.2.4  Business Focus

10.2.5  SWOT Analysis

10.2.6  Business Strategy

10.3     Microsoft

10.3.1  Overview

10.3.2  Business Segments

10.3.3  Geographic Revenue

10.3.4  Business Focus

10.3.5  SWOT Analysis

10.3.6  Business Strategy

10.4     Apple Inc.

10.4.1  Overview

10.4.2  Business Segments

10.4.3  Geographic Revenue

10.4.4  Business Focus

10.4.5  SWOT Analysis

10.4.6  Business Strategy

10.5     Dell

10.5.1  Overview

10.5.2  Business Focus

10.5.3  SWOT Analysis

10.5.4  Business Strategy

11   Companies to Watch For

11.1     Preferred Networks, Inc.

11.1.1  Overview

11.2     Vicarious Inc.

11.2.1  Overview

11.3     Skymind, Inc.

11.3.1  Overview

11.4     Citrine Informatics

11.4.1  Overview

11.5     UBTECH Robotics, Inc.

11.5.1  Overview

Annexure 

Abbreviations

Infoholic research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:

  • Data Collation (Secondary & Primary)
  • In-house Estimation (Based on proprietary data bases and Models)
  • Market Triangulation
  • Forecasting

methodology

Market related information is congregated from both secondary and primary sources. Secondary sources include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.

Primary sources involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.

For more details on Research Methodology kindly click here to Engage with our Analyst.

  • 90
    Pages

  • 20
    Tables

  • 49
    Charts

  • 10
    Companies

  • 10
    Enquiry Hours