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Artificial Intelligence (AI) Market in Manufacturing Industry by Application and Geography - Forecast and Analysis 2019-2023

Global Artificial Intelligence (AI) Market in Manufacturing Industry

About this market

Technavio’s artificial intelligence (AI) market in manufacturing industry analysis considers sales from predictive maintenance and machine inspection, production planning, quality control, and other applications. Our analysis also considers the sales of artificial intelligence (AI) market in manufacturing in APAC, Europe, North America, South America, and MEA. In 2018, the predictive maintenance and machine inspection segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the increasing pressure on manufacturing facilities to improve productivity will play a significant role in the predictive maintenance and machine inspection segment to maintain its market position. Also, our global artificial intelligence (AI) market in the manufacturing industry report looks at factors such as the demand for automation to improve productivity, evolving industrial IoT and big data integration, and increasing venture capital investments. However, integration challenges, data privacy and compliance maintenance, and data quality and choosing the right machine learning algorithm may hamper the growth of the artificial intelligence (AI) market in manufacturing industry over the forecast period.

Global Artificial Intelligence (AI) Market in Manufacturing Industry

Overview

Evolving industrial IoT and big data ecosystem

Several manufacturing companies are moving toward Industry 4.0 standards to achieve higher operational efficiency and lower error rates. The increasing adoption of IoT results in a high volume of data being generated that transforms the industrial data to industrial big data. This is driving the manufacturing companies to adopt AI-based solutions to extract insights from the data to manage their operations better. The efficient and effective decision making that takes place with the help of AI in IoT and big data analytics will lead to the expansion of the global artificial intelligence (AI) market in manufacturing industry at a CAGR of almost 31% during the forecast period.

Increasing human-robot collaboration

Human-robot collaboration (HRC) includes the interaction between cognitive sciences, AI, robots, psychology, design, and human-computer interaction. It enables humans and machines to work together in the same workflow without any intervention between individual work areas. Manufacturers are trying to enhance the capabilities of collaborative robots that are involved in this kind of setup through the utilization of advanced AI and ML. The development of more efficient HRC robots with AI and ML algorithms is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global artificial intelligence (AI) market in manufacturing industry during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of several major players, the global artificial intelligence (AI) market in manufacturing industry is highly fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading artificial intelligence (AI) market in manufacturing vendors, that include Amazon Web Services Inc., FANUC Corp., General Electric Co., Google LLC, H2O.ai Inc., IBM Corp., KUKA Aktiengesellschaft, Microsoft Corp., Rockwell automation Inc., and SAP SE.

Also, the artificial intelligence (AI) market in manufacturing industry analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
      • Table Vendor: Key offerings
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global information technology (IT) spending market
      • Table Segments of global information technology (IT) spending market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Predictive maintenance and machine inspection - Market size and forecast 2018-2023
      • Table Predictive maintenance and machine inspection - Market size and forecast 2018-2023 ($ millions)
      • Table Predictive maintenance and machine inspection - Year-over-year growth 2019-2023 (%)
    • Production planning - Market size and forecast 2018-2023
      • Table Production planning - Market size and forecast 2018-2023 ($ millions)
      • Table Production planning - Year-over-year growth 2019-2023 (%)
    • Quality control - Market size and forecast 2018-2023
      • Table Quality control - Market size and forecast 2018-2023 ($ millions)
      • Table Quality control - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 ($ millions)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market Trends
    • Advancements in AI related to intelligent business process
    • Increasing human-robot collaboration
    • Growing demand for generative designs
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Amazon Web Services Inc.
      • Table Amazon Web Services Inc. - Vendor overview
      • Table Amazon Web Services Inc. - Product segments
      • Table Amazon Web Services Inc. - Organizational developments
      • Table Amazon Web Services Inc. - Key offerings
    • FANUC Corp.
      • Table FANUC Corp. - Vendor overview
      • Table FANUC Corp. - Product segments
      • Table FANUC Corp. - Organizational developments
      • Table FANUC Corp. - Geographic focus
      • Table FANUC Corp. - Key offerings
    • General Electric Co.
      • Table General Electric Co. - Vendor overview
      • Table General Electric Co. - Business segments
      • Table General Electric Co. - Organizational developments
      • Table General Electric Co. - Geographic focus
      • Table General Electric Co. - Segment focus
      • Table General Electric Co. - Key offerings
    • Google LLC
      • Table Google LLC - Vendor overview
      • Table Google LLC - Product segments
      • Table Google LLC - Organizational developments
      • Table Google LLC - Key offerings
    • H2O.ai Inc.
      • Table H2O.ai Inc. - Vendor overview
      • Table H2O.ai Inc. - Product segments
      • Table H2O.ai Inc. - Organizational developments
      • Table H2O.ai Inc. - Key offerings
    • IBM Corp.
      • Table IBM Corp. - Vendor overview
      • Table IBM Corp. - Business segments
      • Table IBM Corp. - Organizational developments
      • Table IBM Corp. - Geographic focus
      • Table IBM Corp. - Segment focus
      • Table IBM Corp. - Key offerings
    • KUKA Aktiengesellschaft
      • Table KUKA Aktiengesellschaft - Vendor overview
      • Table KUKA Aktiengesellschaft - Business segments
      • Table KUKA Aktiengesellschaft - Organizational developments
      • Table KUKA Aktiengesellschaft - Geographic focus
      • Table KUKA Aktiengesellschaft - Segment focus
      • Table KUKA Aktiengesellschaft - Key offerings
    • Microsoft Corp.
      • Table Microsoft Corp. - Vendor overview
      • Table Microsoft Corp. - Business segments
      • Table Microsoft Corp. - Organizational developments
      • Table Microsoft Corp. - Geographic focus
      • Table Microsoft Corp. - Segment focus
      • Table Microsoft Corp. - Key offerings
    • Rockwell automation Inc.
      • Table Rockwell automation Inc. - Vendor overview
      • Table Rockwell automation Inc. - Business segments
      • Table Rockwell automation Inc. - Organizational developments
      • Table Rockwell automation Inc. - Geographic focus
      • Table Rockwell automation Inc. - Segment focus
      • Table Rockwell automation Inc. - Key offerings
    • SAP SE
      • Table SAP SE - Vendor overview
      • Table SAP SE - Business segments
      • Table SAP SE - Organizational developments
      • Table SAP SE - Geographic focus
      • Table SAP SE - Segment focus
      • Table SAP SE - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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