Artificial Intelligence (AI) in Manufacturing Market is expected to be valued at USD 1.1 billion in 2020 and is likely to reach USD 16.7 billion by 2026; it is expected to grow at a CAGR of 57% during the forecast.
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.
A full report of Artificial Intelligence (AI) in Manufacturing Market is available at: https://www.orionmarketreports.com/artificial-intelligence-ai-in-manufacturing-market/11647/
Artificial Intelligence (AI) in Manufacturing Market Segmentation
Based on Offering:
• Hardware
• Software
• Services
Based on Technology:
• Machine Learning
• Natural Language Processing
• Context-aware Computing
• Computer Vision
Based on Application:
• Predictive Maintenance and Machinery Inspection
• Material Movement
• Production Planning
• Field Services
• Quality Control
• Cybersecurity
• Industrial Robots
• Reclaimation
Based on Industry:
• Automobile
• Energy and Power
• Pharmaceuticals
• Heavy Metals and Machine Manufacturing
• Seiconductors and Electronics
• Food & Beverages
• Others
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Key Questions Answered by Artificial Intelligence (AI) in Manufacturing Market Report
• What was the Artificial Intelligence (AI) in Manufacturing Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
• What will be the CAGR of Artificial Intelligence (AI) in Manufacturing Market during the forecast period (2019-2025)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2019-2025)?
• Which manufacturer/vendor/players in the Artificial Intelligence (AI) in Manufacturing Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market
