1. Market Research
  2. > Advanced IT Market Trends
Artificial Intelligence in Manufacturing Market by Offering, Technology, Application, Industry And Geography - Global Forecast to 2025

Artificial Intelligence in Manufacturing Market by Offering, Technology, Application, Industry And Geography - Global Forecast to 2025

  • January 2019
  • 185 pages
  • ID: 5048444
  • Format: PDF

Summary

Table of Contents

Search Inside

AI in manufacturing market projected to grow at 49.5% CAGR during 2018–2025
The AI in manufacturing market is expected to grow from USD 1.0 billion in 2018 to USD 17.2 billion by 2025, at a CAGR of 49.5% during the forecast period. Increasingly large and complex data set available in the form of big data and evolution of industrial IoT and automation are the key drivers of this market. Improving computing power, declining hardware cost, and increasing venture capital investments are the other factors fuelling the growth of this market. However, reluctance among manufacturers to adopt AI-based technologies and lack of awareness among small and medium-sized businesses are among the major factors restraining the growth of the AI in manufacturing market. Also, high power requirement from machine learning hardware, especially during network training, is limiting the growth of the said market.

Hardware segment to witness highest growth rate among other offerings during forecast period
Increasing need for hardware platforms with high computing power to run various AI software is the key factor accelerating the growth of hardware devices in the manufacturing market.The AI in manufacturing market is segmented on the basis of hardware into processor, memory, and network.

The large presence of major companies that contribute to the AI sector are located in North America and has made the region a major market for AI hardware.

Machine learning to hold largest market followed by computer vision in AI manufacturing market
Machine learning’s ability to collect and handle big data and its applications in various manufacturing applications such as predictive analytics and machinery inspection, quality control, and cybersecurity are fueling its growth.The growing adoption of computer vision in applications such as industrial robots, quality control, and material movement is propelling the growth of this technology in the AI in manufacturing market.

Computer vision analyzes the information of different geometric shapes, volumes, and patterns, and provides visual feedback to the user, which is further used to draw the inference. The fundamental objective of computer vision technology is to interpret the picture obtained through a high-resolution camera.

Automobile industry to hold largest market during forecast period
The automobile industry is expected to hold the largest size of AI in manufacturing market during the forecast period.Extensive use of AI technologies, especially machine learning and computer vision in machinery inspection, installations of industrial IoT, and usage of big data, is driving the growth of the AI in manufacturing market for the automobile industry.

Moreover, to reduce costs and improve the quality of vehicle production, automobile makers have started using computer vision and machine learning technology.

APAC to witness highest growth followed by North America from 2018 to 2025
APAC, especially in China, Japan, and South Korea, is considered the largest market for industrial robots.The industrial robots generate a huge amount of data.

This data is used in deep learning algorithm to further train the robots.This would act as one of the major drivers for the AI in manufacturing market in APAC.

Cross-industry participation in the manufacturing domain, along with a significant increase in venture capital investment, has propelled the growth of the AI in manufacturing market in North America.
In the process of determining and verifying the market size for several segments and subsegments gathered through the secondary research, extensive primary interviews have been conducted with key industry experts in the AI in manufacturing marketspace. The break-up of primary participants for the report has been shown below:
• By Company Type: Tier 1 – 15%, Tier 2 – 45%, and Tier 3 – 40%
• By Designation: C-level Executives – 65%, Directors – 25%, and Others – 10%
• By Region: North America – 25%, Europe – 55%, APAC – 15%, and RoW – 5%

The report profiles key players in the AI in manufacturing market with their respective market ranking analysis. Prominent players profiled in this report are NVIDIA Corporation (US), IBM Corporation (US), Alphabet Inc. (Google) (US), Microsoft Corporation (US), Intel Corporation (US), AWS (US), Sight Machine (US), Siemens AG (Germany), and General Electric Company (US).

Research Coverage:
This research report categorizes the global AI market on the basis of offering, technology, application, industry, and geography. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the AI in manufacturing market and forecasts the same till 2025.

Key Benefits of Buying the Report

The report would help leaders/new entrants in this market in the following ways:
1. This report segments the AI in manufacturing market comprehensively and provides the closest market size projection for all subsegments across different regions.
2. The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth.
3. The report helps stakeholders to understand value-chain of AI in manufacturing market along with recent case studies.
4. This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes product launch, acquisition, collaboration, expansion, and partnership.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Leveraging Artificial Intelligence to Transform Asia/Pacific Education Institutions of Tomorrow

Leveraging Artificial Intelligence to Transform Asia/Pacific Education Institutions of Tomorrow

  • $ 4104
  • February 2019

Global education competitiveness is becoming more intense, notably in tertiary education and professional skills development. Such pressures are not just confined within domestic boundaries; they transcend ...

GLOBAL ARTIFICIAL INTELLIGENCE (AI) IN TELECOMMUNICATION MARKET FORECAST 2019-2027

GLOBAL ARTIFICIAL INTELLIGENCE (AI) IN TELECOMMUNICATION MARKET FORECAST 2019-2027

  • $ 2708
  • February 2019

KEY FINDINGSThe automated chatbots, personalized offers, and efficiently streamlined customer service processes can be managed to provide enhanced customer service by the telecommunication services if ...

Technologies with High Funding: Impact Assessment and Growth Opportunities

Technologies with High Funding: Impact Assessment and Growth Opportunities

  • $ 4950
  • December 2018

This report "Technologies with High Funding: Impact Assessment and Growth Opportunities" focuses on recent technologies with high funding. It analyses the impact and growth opportunities for these technologies ...


ref:plp2019

Reportlinker.com © Copyright 2019. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on