AI in Manufacturing Market Growth, Set for Rapid Growth from kranti's blog

The study by MRFR also digs some segmentation of the global AI in Manufacturing Market Growth, which has been done through the component, technology, application, and vertical.

In terms of component segment, the market has included software, hardware, and services.  Among these, the hardware segment has included memory, processor, and network. Also, the processor segment has covered the graphical processing unit (GPU), a microprocessor unit (MPU), application-specific integrated circuits (ASICs), and field-programmable gate array (FPGA). In the last segment, the services segment also has a breakdown into support & maintenance and deployment & integration.

In terms of the technology segment, the market has included natural language processing, machine learning & deep learning, computer vision, and context-aware computing.

In terms of the application segment, the market has included supply chain management, predictive maintenance, field services, IT management, robotics, quality control, and others.

In terms of vertical segment, the market has included aerospace & defense, automobile, semiconductor & electronics, energy & power, pharmaceuticals, food & beverage, and others.

 Market Highlights

The take of global artificial intelligence (AI) in the manufacturing market 2020 recorded by Market Research Future reveals that the market can hit 47.09% to the net worth with USD 14.77 billion by 2024 amid the long-term impact of COVID-19. The years of growth is calculated to be from 2019-2024.

Top Grossing Factors

The global artificial intelligence in the manufacturing market has gathered pace in its growth amid COVID-19 breakthrough with rapidly evolving industrial automation and IoT, at present. Artificial intelligence is one of the highest-growing technologies in recent years. Artificial intelligence is allied with human intelligence with similar characteristics such as understanding, problem-solving, reasoning, language, and learning. An amalgamation of AI in the manufacturing industry offers a safer operational environment, which further assists in enhancing the quality and quantity of production.

One of the main factors, such as the exponential growth in digital data, is motivating the growth of artificial intelligence (AI) in the manufacturing market. It is approximated that by the year 2020, around 1.7 megabytes of new data will be created every second. It is further approximate to expand at 40% over the next ten years. Such growth is attributed to the escalating adoption of big data technologies and IoT devices along with the ascend in popularity of cloud platforms among enterprises. All these factors are cheering the adoption of artificial intelligence solutions among the manufacturers to process the data and extract actionable insights.

Furthermore, the factor of enhancement in automation in the manufacturing industry and the rise in demand for big data integration boost the escalation of artificial intelligence in the manufacturing market. With this, prevalent usage of machine vision cameras in manufacturing applications, such as material movement, machinery inspection, quality control, and field service, is also to drive the growth of artificial intelligence in the manufacturing market for the forecast period.

Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/7745                Segmentation:

Regional Analysis

Market Research Future (MRFR) study has covered some key countries in the regional analysis of artificial intelligence (AI) in the manufacturing market—North America, Europe, Asia-Pacific, the Middle East & Africa, and South America in the rest of the world.

Artificial intelligence in the manufacturing market is currently led by the Asia-Pacific region as the primary economic countries such as India, China, the Philippines, and South Korea are the major manufacturing centers of electronics, semiconductors, pharmaceuticals, and energy & power. Further, the escalating adoption of robots in manufacturing processes is anticipated to aid the region is leading the market throughout the forecast period.

The region of North America is the second highest contributor to the artificial intelligence market. The US is the first adopter of new technologies for applications such as process planning, factory automation, production scheduling, and engineering design.

Artificial intelligence (AI) in the manufacturing market in Europe is also estimated to gain high momentum during the projected period owing to the mounting adoption of industry 4.0 and robotics by the automotive and aerospace industry.

Top Market Players

Market Research Future has well-known some of the key players in the global artificial intelligence (AI) in the manufacturing market are IBM Corporation, Nvidia Corporation, Intel, Inc., General Electric company, Siemens AG, Microsoft Corporation, Google, Inc., Bosch, Amazon Web Services, Cisco Systems, Rockwell Automation, Foxconn, SAP SE, and others.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/artificial-intelligence-ai-in-manufacturing-market-7745

Artificial Intelligence (AI) in Manufacturing Market: by Component (Software, Service, Hardware (Network, Processor (ASIC, FPGA, GPU)), by Technology (Deep Learning, NLP), by Application (Robot, Quality Control), by Vertical (Automobile, Pharmaceutical) — Forecast till 2027

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:                                                                                     

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com


Previous post     
     Next post
     Blog home

The Wall

No comments
You need to sign in to comment