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

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Artificial Intelligence in Manufacturing 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 USD 330.5 million in 2017 and is expected to reach USD 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.

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Table Of Content

Scope

Table of Contents

1 Industry Outlook 10

1.1 Industry Overview 10

1.2 Industry Trends 11

1.3 Pest Analysis 12

2 Report Outline 13

2.1 Report Scope 13

2.2 Report Summary 13

2.3 Research Methodology 14

2.4 Report Assumptions 15

3 Market Snapshot 16

3.1 Total Addressable Market (TAM) 16

3.2 Segmented Addressable Market (SAM) 17

3.3 Related Markets 18

3.3.1 mHealth Market 18

3.3.2 Cognitive Analytics 18

4 Market Outlook 19

4.1 Overview 19

4.2 Market Trends 19

4.3 Market Definition 20

4.4 Porter 5 (Five) Forces 20

5 Market Characteristics 22

5.1 Market Dynamics 22

5.1.1 Drivers 23

5.1.1.1 Business process efficiency and lower operational costs 23

5.1.1.2 Need for on-time deliveries and instant go to market timings 23

5.1.1.3 Digitization in manufacturing leading to hyper customization 23

5.1.1.4 Growing demand for convenience and safety 23

5.1.2 Restraints 24

5.1.2.1 Compliance with privacy and data security regulations 24

5.1.2.2 Increased automation will lead to job losses and can create social tensions 24

5.1.2.3 Shortage of industry regulations and standards 24

5.1.2.4 Hindrances in adoption of technology 24

5.1.3 Opportunities 24

5.1.3.1 Increasing investment in AI 24

5.1.3.2 Growing amount of data in manufacturing 25

5.1.3.3 Growth of assisted driving 25

5.1.4 DRO-Impact Analysis 26

5.2 Market Segmentation 27

6 Technology 28

6.1 Overview 28

6.2 Computer Vision 29

6.2.1 Market Size and Analysis 29

6.3 Deep Learning 30

6.3.1 Market Size and Analysis 30

6.4 Natural Language Processing 30

6.4.1 Market Size and Analysis 31

6.5 Context Awareness 31

6.5.1 Market Size and Analysis 31

7 Applications 33

7.1 Overview 33

7.2 Predictive Maintenance and Machinery Inspection 34

7.2.1 Market Size and Analysis 34

7.3 Material Movement 35

7.3.1 Market Size and Analysis 35

7.4 Production Planning 35

7.4.1 Market Size and Analysis 36

7.5 Field Services 36

7.5.1 Market Size and Analysis 37

7.6 Quality Control 37

7.6.1 Market Size and Analysis 37

7.7 Reclamation 38

7.7.1 Market Size and Analysis 38

8 End-User Verticals 40

8.1 Overview 40

8.2 Automobile 41

8.2.1 Market Size and Analysis 41

8.3 Energy and Power 42

8.3.1 Market Size and Analysis 42

8.4 Pharmaceuticals 42

8.4.1 Market Size and Analysis 43

8.5 Heavy Metals and Machine Manufacturing 44

8.5.1 Market Size and Analysis 44

8.6 Semiconductor and Electronics 44

8.6.1 Market Size and Analysis 45

8.7 Others 45

8.7.1 Market Size and Analysis 46

9 Regions 48

9.1 Overview 48

9.2 North America 48

9.2.1 Market Size and Analysis 49

9.2.2 DRO for North America 49

9.3 Europe 52

9.3.1 Market Size and Analysis 52

9.3.2 DRO for Europe 52

9.4 APAC 55

9.4.1 Market Size and Analysis 55

9.4.2 DRO for APAC 55

9.5 LAMEA 58

9.5.1 Market Size and Analysis 58

9.5.2 DRO for LAMEA 58

10 Vendors 61

10.1 IBM Corporation 61

10.1.1 Overview 61

10.1.2 Business segments 62

10.1.3 Geographic Revenue 62

10.1.4 Business Focus 63

10.1.5 SWOT Analysis 63

10.1.6 Business Strategy 64

10.2 Google Inc. 66

10.2.1 Overview 66

10.2.2 Business segments 67

10.2.3 Geographic Revenue 67

10.2.4 Business Focus 68

10.2.5 SWOT Analysis 68

10.2.6 Business Strategy 69

10.3 Microsoft 70

10.3.1 Overview 70

10.3.2 Business Segments 71

10.3.3 Geographic Revenue 71

10.3.4 Business Focus 72

10.3.5 SWOT Analysis 72

10.3.6 Business Strategy 73

10.4 Apple Inc. 74

10.4.1 Overview 74

10.4.2 Business Segments 75

10.4.3 Geographic Revenue 76

10.4.4 Business Focus 77

10.4.5 SWOT Analysis 77

10.4.6 Business Strategy 78

10.5 Dell 79

10.5.1 Overview 79

10.5.2 Business Focus 79

10.5.3 SWOT Analysis 79

10.5.4 Business Strategy 80

11 Companies to Watch For 81

11.1 Preferred Networks, Inc. 81

11.1.1 Overview 81

11.2 Vicarious Inc. 81

11.2.1 Overview 81

11.3 Skymind, Inc. 82

11.3.1 Overview 82

11.4 Citrine Informatics 82

11.4.1 Overview 82

11.5 UBTECH Robotics, Inc. 83

11.5.1 Overview 83

Annexure 84

Abbreviations 84

 


List Of Figure

Charts

 

CHART 1 PEST ANALYSIS OF AI IN MANUFACTURING MARKET 12

CHART 2 RESEARCH METHODOLOGY OF ARTIFICIAL INTELLIGENCE IN MANUFACTURING MARKET 14

CHART 3 ARTIFICIAL INTELLIGENCE MARKET REVENUE, 2017-2023 (USD BILLION) 16

CHART 4 ARTIFICIAL INTELLIGENCE IN MANUFACTURING MARKET REVENUE, 2017-2023 (USD MILLION) 17

CHART 5 PORTERS 5 FORCES ON AI IN MANUFACTURING MARKET 20

CHART 6 MARKET DYNAMICS-DRIVERS, RESTRAINTS & OPPORTUNITIES 22

CHART 7 DRO-IMPACT ANALYSIS OF AI IN MANUFACTURING MARKET 26

CHART 8 AI IN MANUFACTURING MARKET SEGMENTATION 27

CHART 9 ARTIFICIAL INTELLIGENCE IN MANUFACTURING MARKET SHARE BY TECHNOLOGIES, 2017 AND 2023 28

CHART 10 COMPUTER VISION MARKET REVENUE, 2017-2023 (USD MILLION) 29

CHART 11 DEEP LEARNING MARKET REVENUE, 2017-2023 (USD MILLION) 30

CHART 12 NATURAL LANGUAGE PROCESSING MARKET REVENUE, 2017-2023 (USD MILLION) 31

CHART 13 CONTEXT AWARENESS MARKET REVENUE, 2017-2023 (USD MILLION) 31

CHART 14 ARTIFICIAL INTELLIGENCE IN MANUFACTURING MARKET SHARE BY APPLICATIONS, 2017 AND 2023 33

CHART 15 PREDICTIVE MAINTENANCE AND MACHINERY INSPECTION MARKET REVENUE, 2017-2023 (USD MILLION) 34

CHART 16 MATERIAL MOVEMENT MARKET REVENUE, 2017-2023 (USD MILLION) 35

CHART 17 PRODUCTION PLANNING MARKET REVENUE, 2017-2023 (USD MILLION) 36

CHART 18 FIELD SERVICES MARKET REVENUE, 2017-2023 (USD MILLION) 37

CHART 19 QUALITY CONTROL MARKET REVENUE, 2017-2023 (USD MILLION) 38

CHART 20 RECLAMATION MARKET REVENUE, 2017-2023 (USD MILLION) 38

CHART 21 ARTIFICIAL INTELLIGENCE IN MANUFACTURING MARKET SHARE BY END-USER VERTICALS, 2017 AND 2023 40

CHART 22 AUTOMOBILE MARKET REVENUE, 2017-2023(USD MILLION) 41

CHART 23 ENERGY AND POWER MARKET REVENUE, 2017-2023(USD MILLION) 42

CHART 24 PHARMACEUTICALS MARKET REVENUE, 2017-2023 (USD MILLION) 43

CHART 25 HEAVY METALS AND MACHINE MANUFACTURING MARKET REVENUE, 2017-2023 (USD MILLION) 44

CHART 26 SEMICONDUCTOR AND ELECTRONICS MARKET REVENUE, 2017-2023 (USD MILLION) 45

CHART 27 OTHERS MARKET REVENUE, 2017-2023 (USD MILLION) 46

CHART 28 NORTH AMERICAS MARKET REVENUE, 2017-2023 (USD MILLION) 49

CHART 29 EUROPE MARKET REVENUE,2017-2023 (USD MILLION) 52

CHART 30 APAC MARKET REVENUE,2017-2023 (USD MILLION) 55

CHART 31 LAMEA MARKET REVENUE,2017-2023 (USD MILLION) 58

CHART 32 IBM MARKET OVERVIEW SNAPSHOT 61

CHART 33 IBM BUSINESS SEGMENTS 62

CHART 34 IBM GEOGRAPHIC REVENUE 62

CHART 35 IBM SWOT ANALYSIS 63

CHART 36 GOOGLE MARKET OVERVIEW SNAPSHOT 66

CHART 37 GOOGLE BUSINESS SEGMENTS 67

CHART 38 GOOGLE GEOGRAPHIC REVENUE 67

CHART 39 GOOGLE SWOT ANALYSIS 68

CHART 40 MICROSOFT MARKET OVERVIEW SNAPSHOT 70

CHART 41 MICROSOFT BUSINESS SEGMENTS 71

CHART 42 MICROSOFT GEOGRAPHIC REVENUE 71

CHART 43 MICROSOFT SWOT ANALYSIS 72

CHART 44 APPLE MARKET OVERVIEW SNAPSHOT 74

CHART 45 APPLE BUSINESS SEGMENTS 75

CHART 46 APPLE GEOGRAPHIC REVENUE 76

CHART 47 APPLE SWOT ANALYSIS 77

CHART 48 DELL MARKET OVERVIEW SNAPSHOT 79

CHART 49 DELL SWOT ANALYSIS 79

 

 


List Of Table

Tables

 

TABLE 1 ARTIFICIAL INTELLIGENCE IN MANUFACTURING MARKET REVENUE BY TECHNOLOGY, 2017-2023 (USD MILLION) 28

TABLE 2 ARTIFICIAL INTELLIGENCE MARKET REVENUE BY APPLICATIONS, 2017-2023 (USD MILLION) 33

TABLE 3 ARTIFICIAL INTELLIGENCE IN MANUFACTURING MARKET REVENUE BY END-USER VERTICALS, 2017-2023 (USD MILLION) 40

TABLE 4 ARTIFICIAL INTELLIGENCE IN MANUFACTURING MARKET SIZE BY REGIONS, 2017-2023 (USD MILLION) 48

TABLE 5 DRO FOR NORTH AMERICA 49

TABLE 6 NORTH AMERICAS MARKET REVENUE BY TECHNOLOGY, 2017-2023 (USD MILLION) 50

TABLE 7 NORTH AMERICAS MARKET REVENUE BY APPLICATIONS, 2017-2023 (USD MILLION) 50

TABLE 8 NORTH AMERICAS MARKET REVENUE BY VERTICALS, 2017-2023 (USD MILLION) 50

TABLE 9 DRO FOR EUROPE 52

TABLE 10 EUROPE MARKET REVENUE BY TECHNOLOGY, 2017-2023 (USD MILLION) 53

TABLE 11 EUROPE MARKET REVENUE BY APPLICATIONS, 2017-2023 (USD MILLION) 53

TABLE 12 EUROPE MARKET REVENUE BY VERTICALS, 2017-2023 (USD MILLION) 54

TABLE 13 DRO FOR APAC 55

TABLE 14 APAC MARKET REVENUE BY TECHNOLOGY, 2017-2023 (USD MILLION) 56

TABLE 15 APAC MARKET REVENUE BY APPLICATIONS, 2017-2023 (USD MILLION) 56

TABLE 16 APAC MARKET REVENUE BY VERTICALS, 2017-2023 (USD MILLION) 57

TABLE 17 DRO FOR LAMEA 58

TABLE 18 LAMEA MARKET REVENUE BY TECHNOLOGY, 2017-2023 (USD MILLION) 59

TABLE 19 LAMEA MARKET REVENUE BY APPLICATIONS, 2017-2023 (USD MILLION) 59

TABLE 20 LAMEA MARKET REVENUE BY VERTICALS, 2017-2023 (USD MILLION) 60

 

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