Artificial Intelligence (AI) in Manufacturing Market size is expected to reach US$ 64.86 Bn in year 2029, at a CAGR of 57.20% during the forecast period.
Artificial Intelligence (AI) in Manufacturing Market Overview:
The qualitative and quantitative research provides an in-depth analysis of regional insights into the Market and its dynamic trends, industrial development, and Market-prominent factors. The research method was used to study the global Artificial Intelligence (AI) in Manufacturing Market, and the outcomes were rationally presented in the report published by Maximize Market Research through primary and secondary research.
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Artificial Intelligence (AI) in Manufacturing Market Scope
Artificial Intelligence (AI) in Manufacturing Market report provides extensive knowledge of key trends, Market dynamics, drivers, restraints, and opportunities. Research detects the most significant trends that are helpful for business development. It supports finding the information in the research that defines the competitive landscape of key players, the factors affecting the Artificial Intelligence (AI) in Manufacturing Market size and volume, and other aspects that help define the recent Marketing strategies. Furthermore, a SWOT analysis is conducted to find the strengths, weaknesses, opportunities, and threats of the Market.
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Segmentation Analysis
The research offers a thorough segment analysis of the global artificial intelligence (AI) in manufacturing market, offering both macro and microeconomic insights that are quite useful. Based on offerings, the hardware category had a market value of US$.24 Mn in 2021 and is projected to grow at a CAGR of.34% to US$.20 Mn by 2029. This is a result of the increasing industry-wide integration of AI solutions.
In 2021, the automotive industry held the biggest market share for AI in manufacturing. The significant market share of the automotive industry is primarily attributable to the rising demand for autonomous vehicles, the adoption of cutting-edge automotive quality management solutions, and the requirement for solutions for predictive maintenance and machinery inspection.
Artificial Intelligence (AI) in Manufacturing Key Players
• Nvidia
• Intel
• IBM
• Siemens
• General Electric (GE) Company
• Microsoft
• Micron Technology
• Amazon Web Services (AWS)
• Sight Machine
• Progress Software Corporation (Datarpm)
• Aibrain
• General Vision
• Rockwell Automation
• Cisco Systems
• Mitsubishi Electric
• Oracle
• SAP
• Vicarious
• Ubtech Robotics
• Alphabet Inc.
• General Vision Inc.
• SparkCognition Inc.
• Rethink Robotics
• Aquant Inc.
Regional Analysis
Artificial Intelligence (AI) in Manufacturing Region witnessed the highest Market share in 2022 and is anticipated to boost significant growth during the forecast period. The increase in demand in the region is driven by stringent norms & regulations, and supporting government policies is to be an important driver of the Market over the forecast period. The Market report includes Market revenue, geographical situation opportunities, press releases, and an in-depth analysis of the business structure. Several reasons are projected to be advantageous for the region's Artificial Intelligence (AI) in Manufacturing Market, including the region's increasing aging population, well-developed healthcare infrastructure, supportive governmental policies, and accessibility of medical policy.
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COVID-19 Impact Analysis on Market:
The number of patients increased dramatically as a result of the COVID-19 pandemic. The expansion of healthcare services and other related industries was subsequently impacted by this. It also had a favorable effect on the expansion of the Market. It is mostly caused by a rise in the demand for doctors and other healthcare professionals. During the COVID-19 outbreak, the Market for Artificial Intelligence (AI) in Manufacturing manufacturers as well as the profits of companies operating in these industries both experienced a sharp failure in business operations. The pandemic caused a spike in interest in online clinics and therapies. Due to lockdowns the import-export restrictions were laid down on the Market.
Key Questions answered in the Market Report are:
- What is Market?
- What is the forecast period of the Market?
- What is the competitive scenario of the Market?
- Which region held the largest Market share in the Market?
- What are the opportunities for the Market?
- What factors are affecting the Market growth?
- Who are the key players of the Market?
- Which company held the largest share in the Market?
- What will be the CAGR of the Market during the forecast period?
- What key trends are likely to emerge in the Market in the coming years?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth Drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Artificial Intelligence (AI) in Manufacturing
- Landscape- Leading key players and other prominent key players.
About Maximize Market Research:
Maximize Market Research is a multifaceted Market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. We provide Market-verified industry estimations, technical trend analysis, crucial Market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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Industry InsightThe take of global artificial intelligence (AI) in the manufacturing market growth 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.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/7745Top Grossing FactorsThe 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 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.
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.Segmentation of Market: Artificial Intelligence in ManufacturingThe study by MRFR also digs some segmentation of the global artificial intelligence in the manufacturing market, which has been done through the component, technology, application, and vertical.In terms of component segment, the market has included software, hardware, and services.
Industry InsightThe take of AI in 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 FactorsThe global AI in Manufacturing Market has gathered pace in its growth amid COVID-19 breakthrough with rapidly evolving industrial automation and IoT, at present.
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 AI in Manufacturing Market.
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 Manufacturing Market.
Industry InsightThe 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 FactorsThe 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 allied with human intelligence with similar characteristics such as understanding, problem-solving, reasoning, language, and learning.
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.Segmentation of Market: Artificial Intelligence in ManufacturingThe study by MRFR also digs some segmentation of the global artificial intelligence in the manufacturing market, which has been done through the component, technology, application, and vertical.In terms of component segment, the market has included software, hardware, and services.
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.Complete Report Details @ https://www.marketresearchfuture.com/reports/artificial-intelligence-ai-in-manufacturing-market-7745Regional AnalysisMarket 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.
