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Artificial Intelligence in Manufacturing Market by Offering (Hardware, and Software), Technology (Deep Learning, Computer Vision, Context Awareness, and Natural Language Processing), Application, Industry, and Geography - Global Forecast to 2023

Artificial Intelligence in Manufacturing Market by Offering (Hardware, and Software), Technology (Deep Learning, Computer Vision, Context Awareness, and Natural Language Processing), Application, Industry, and Geography - Global Forecast to 2023

“Growing usage of big data technology and industrial IoT is expected to drive the growth of the AI in manufacturing market”

The artificial intelligence (AI) in manufacturing market was valued at USD 272.5 million in 2016 and is expected to reach USD 4,882.9 million by 2023, at a CAGR of 52.42% between 2017 and 2023. The growth of this market is driven by the growing usage of big data technology in manufacturing, Industrial IoT, extensive usage of robotics, computer vision technology, cross-industry partnerships and collaborations, and significant increase in venture capital investments. However, reluctance among manufacturers to adopt AI-based technologies is the major factors restraining the growth of the AI in manufacturing market.

“Easy technology transfer and participation of established market leaders are the factors driving the growth of the AI in manufacturing market for the hardware segment”

Hardware includes graphics processing unit GPUs, digital signal processing (DSPs), field programming gateway array (FPGAs), Microprocessors, and tensor processing unit (TPU) chips. This segment is expected to grow at the highest CAGR in the AI in manufacturing market for offering. The GPU, DSP, and FPGA are widely used to implement the deep learning algorithm. In terms of throughput, GPU is faster than FPGA, whereas in the case of power efficiency, FPGA is better than GPU. Keeping these factors in mind, the AI providers choose the hardware accordingly.

“Extensive usage of computer vision camera in machinery inspection, material movement, field service, and quality control is driving the growth of the AI in manufacturing market”

Computer vision technology currently holds the largest market share among AI technologies. This demand has grown since the companies have started to structure the machine’s data for predictive analysis. Moreover, the growing usage of internet and connected devices along with huge volumes of machine data is driving the growth of the AI in manufacturing market.

“APAC to witness the highest growth rate in the AI in manufacturing market”
Asia Pacific (APAC) is expected to be the fastest-growing region in the AI in manufacturing market during the forecast period. APAC, especially China, Japan, and South Korea, is considered as the largest market for industrial robots. The industrial robots generate a huge amount of data. This data is used in deep learning algorithm to train the robots further. This would act as one of the major drivers for the growth of AI in manufacturing market in APAC.

The breakup of the profile of primary participants has been given below:
• By Companies: Tier 1 – 40 %, Tier 2 – 20%, and Tier 3 – 40%
• By Designation: C-level Executives – 40%, Directors – 40%, and Others – 20%
• By Region: North America – 40%, Europe – 40%, APAC – 10%, and RoW – 10%

This report provides valuable insights into the ecosystem of the AI in manufacturing market including the software companies, and chipset and manufacturing related solution providers. The major players in the AI in manufacturing market are Siemens AG (Germany), Intel Corporation (US), NVIDIA Corporation (us), Alphabet Inc. (us), IBM Corporation, Microsoft Corporation (US), General Electric Company (US), DataRPM, Sight Machine (US), General Vision, Inc. (US), AIBrain, Inc. (US), Rockwell, Automation Inc. (US), Cisco Systems, Inc. (US), Mitsubishi Electric Corporation (Japan), Oracle Corporation (US), SAP SE (Germany), Preferred Networks, Inc. (Japan), Vicarious Inc. (US), Skymind Inc.(US), Citrine Informatics (US), CloudMinds Technologies (US), and Ubtech Robotics Corp. (China).

Research Coverage:
The AI in manufacturing market has been segmented on the basis of offering, technology, application, industry, and geography. By offering, the market has been further segmented into hardware and software. By technology, the market is segmented into deep learning, computer vision, context awareness, and natural language processing (NLP). By application, the market is segmented into material movement, predictive maintenance and machinery inspection, production planning, field services, reclamation, and quality control. By industry, the market is segmented into semiconductor and electronics, energy and power, pharmaceuticals, automobile, heavy metals and machine manufacturing, food and beverages, others (textiles and aerospace) By geography, the market has been segmented into North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

Reasons to Buy the Report:
The report would help the market leaders/new entrants in the AI in manufacturing market in the following ways:
1. This report segments the AI in manufacturing market comprehensively and provides the closest approximations of the market sizes for the overall market segments and subsegments across different applications and regions.

2. This report helps stakeholders to understand the pulse of the AI in manufacturing market and provides them information on key market drivers, restraints, challenges, and opportunities.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • SCOPE OF THE STUDY
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY AND PRIMARY RESEARCH
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
    • DEMAND- AND SUPPLY-SIDE ANALYSIS OF AI IN THE MANUFACTURING MARKET
      • INTRODUCTION
      • DEMAND-SIDE ANALYSIS
      • SUPPLY-SIDE ANALYSIS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • GLOBAL AI IN MANUFACTURING MARKET
    • AI IN MANUFACTURING MARKET BY OFFERINGS
    • AI IN MANUFACTURING MARKET BY TECHNOLOGY
    • AI IN MANUFACTURING MARKET, BY APPLICATION AND GEOGRAPHY
    • AI IN MANUFACTURING MARKET BY GEOGRAPHY IN 2016
  • MARKET OVERVIEW
    • INTRODUCTION
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • INDUSTRY TRENDS
    • INTRODUCTION
    • VALUE CHAIN ANALYSIS OF AI IN MANUFACTURING
    • FUNDING
      • Table FUNDING IN AI IN MANUFACTURING 2012-2016
  • ARTIFICIAL INTELLIGENCE IN MANUFACTURING MARKET, BY OFFERING
    • INTRODUCTION
      • Table AI IN MANUFACTURING MARKET, BY OFFERING, 2014–2023 (USD MILLION)
    • HARDWARE
      • Table AI IN MANUFACTURING MARKET, BY HARDWARE, 2014–2023 (USD MILLION)
      • Table AI IN MANUFACTURING MARKET FOR HARDWARE, BY REGION, 2014–2023 (USD MILLION)
      • Table AI IN MANUFACTURING MARKET FOR HARDWARE IN NORTH AMERICA, BY COUNTRY, 2014–2023 (USD MILLION)
      • Table AI IN MANUFACTURING MARKET FOR HARDWARE IN EUROPE, BY COUNTRY, 2014–2023 (USD MILLION)
      • Table AI IN MANUFACTURING MARKET FOR HARDWARE IN APAC, BY COUNTRY, 2014–2023 (USD MILLION)
      • Table AI IN MANUFACTURING MARKET FOR HARDWARE IN ROW, BY COUNTRY, 2014–2023 (USD MILLION)
    • SOFTWARE
      • AI PLATFORM
      • AI SOLUTION
        • Table AI IN MANUFACTURING MARKET FOR OFFERING, BY SOFTWARE, 2014–2023 (USD MILLION)
        • Table AI IN MANUFACTURING MARKET FOR SOFTWARE, BY REGION, 2014–2023 (USD MILLION)
        • Table AI IN MANUFACTURING MARKET FOR SOFTWARE IN NORTH AMERICA, BY COUNTRY, 2014–2023 (USD MILLION)
        • Table AI IN MANUFACTURING MARKET FOR SOFTWARE IN EUROPE, BY COUNTRY, 2014–2023 (USD MILLION)
        • Table AI IN MANUFACTURING MARKET FOR SOFTWARE IN APAC, BY COUNTRY, 2014–2023 (USD MILLION)
        • Table AI IN MANUFACTURING MARKET FOR SOFTWARE IN ROW, BY COUNTRY, 2014–2023 (USD MILLION)
  • ARTIFICIAL INTELLIGENCE IN MANUFACTURING MARKET, BY TECHNOLOGY
    • INTRODUCTION
      • Table AI IN MANUFACTURING MARKET, BY TECHNOLOGY, 2014–2023 (USD MILLION)
    • COMPUTER VISION
      • Table AI IN MANUFACTURING MARKET FOR COMPUTER VISION, BY APPLICATION, 2014–2023 (USD MILLION)
    • DEEP LEARNING
      • Table AI IN MANUFACTURING MARKET FOR DEEP LEARNING, BY PROCESS, 2014–2023 (USD MILLION)
      • Table AI IN MANUFACTURING MARKET FOR DEEP LEARNING, BY APPLICATION, 2014–2023 (USD MILLION)
    • NATURAL LANGUAGE PROCESSING (NLP)
      • Table AI IN MANUFACTURING MARKET FOR NLP, BY APPLICATION, 2014–2023 (USD MILLION)
    • CONTEXT AWARENESS
      • Table AI IN MANUFACTURING MARKET FOR CONTEXT AWARENESS, BY APPLICATION, 2014–2023 (USD MILLION)
  • ARTIFICIAL INTELLIGENCE IN MANUFACTURING MARKET, BY APPLICATION
    • INTRODUCTION
      • Table AI IN MANUFACTURING MARKET, BY APPLICATION, 2014–2023 (USD MILLION)
    • PREDICTIVE MAINTENANCE AND MACHINERY INSPECTION
      • Table AI IN MANUFACTURING MARKET FOR PREDICTIVE MAINTENANCE AND MACHINERY INSPECTION, BY REGION, 2014–2023 (USD MILLION)
      • Table AI IN MANUFACTURING MARKET FOR PREDICTIVE MAINTENANCE AND MACHINERY INSPECTION, BY TECHNOLOGY, 2014–2023 (USD MILLION)
    • MATERIAL MOVEMENT
      • Table AI IN MANUFACTURING MARKET FOR MATERIAL MOVEMENT, BY REGION, 2014–2023 (USD MILLION)
      • Table AI IN MANUFACTURING MARKET FOR MATERIAL MOVEMENT, BY TECHNOLOGY, 2014–2023 (USD MILLION)
    • PRODUCTION PLANNING
      • Table AI IN MANUFACTURING MARKET FOR PRODUCTION PLANNING, BY REGION, 2014–2023 (USD MILLION)
      • Table AI IN MANUFACTURING MARKET FOR PRODUCTION PLANNING, BY TECHNOLOGY, 2014–2023 (USD MILLION)
    • FIELD SERVICES
      • Table AI IN MANUFACTURING MARKET FOR FIELD SERVICES, BY REGION, 2014–2023 (USD MILLION)
      • Table AI IN MANUFACTURING MARKET FOR FIELD SERVICES, BY TECHNOLOGY, 2014–2023 (USD MILLION)
    • QUALITY CONTROL
      • Table AI IN MANUFACTURING MARKET FOR QUALITY CONTROL, BY REGION, 2014–2023 (USD MILLION)
      • Table AI IN MANUFACTURING MARKET FOR QUALITY CONTROL, BY TECHNOLOGY, 2014–2023 (USD MILLION)
    • RECLAMATION
      • Table AI IN MANUFACTURING MARKET FOR RECLAMATION, BY REGION, 2014–2023 (USD MILLION)
      • Table AI IN MANUFACTURING MARKET FOR RECLAMATION, BY TECHNOLOGY, 2014–2023 (USD MILLION)
  • ARTIFICIAL INTELLIGENCE IN MANUFACTURING MARKET, BY INDUSTRY
    • INTRODUCTION
      • Table AI IN MANUFACTURING MARKET, BY INDUSTRY, 2014–2023 (USD MILLION)
    • AUTOMOBILE
      • Table AI IN MANUFACTURING MARKET FOR AUTOMOBILE, BY REGION, 2014–2023 (USD MILLION)
    • ENERGY AND POWER
      • Table AI IN MANUFACTURING MARKET FOR ENERGY AND POWER, BY REGION, 2014–2023 (USD MILLION)
    • PHARMACEUTICALS
      • Table AI IN MANUFACTURING MARKET FOR PHARMACEUTICALS, BY REGION, 2014–2023 (USD MILLION)
    • HEAVY METALS AND MACHINE MANUFACTURING
      • Table AI IN MANUFACTURING MARKET FOR HEAVY METALS AND MACHINE MANUFACTURING, BY REGION, 2014–2023 (USD MILLION)
    • SEMICONDUCTOR AND ELECTRONICS
      • Table AI IN MANUFACTURING MARKET FOR SEMICONDUCTOR AND ELECTRONICS, BY REGION, 2014–2023 (USD MILLION)
    • FOOD AND BEVERAGES
      • Table AI IN MANUFACTURING MARKET FOR FOOD AND BEVERAGES, BY REGION, 2014–2023 (USD MILLION)
    • OTHERS
      • Table AI IN MANUFACTURING MARKET FOR OTHERS, BY REGION, 2014–2023 (USD MILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table AI IN MANUFACTURING MARKET, BY REGION, 2014–2023 (USD MILLION)
    • NORTH AMERICA
      • Table AI IN MANUFACTURING MARKET IN NORTH AMERICA, BY COUNTRY, 2014-2023 (USD MILLION)
      • US
        • Table AI IN MANUFACTURING MARKET IN US, BY OFFERING, 2014–2023 (USD MILLION)
      • CANADA
        • Table AI IN MANUFACTURING MARKET IN CANADA, BY OFFERING, 2014–2023 (USD MILLION)
      • MEXICO
        • Table AI IN MANUFACTURING MARKET IN MEXICO, BY OFFERING, 2014–2023 (USD MILLION)
    • EUROPE
      • Table AI IN MANUFACTURING MARKET IN EUROPE, BY COUNTRY, 2014–2023 (USD MILLION)
      • GERMANY
        • Table AI IN MANUFACTURING MARKET IN GERMANY, BY OFFERING, 2014–2023 (USD MILLION)
      • FRANCE
        • Table AI IN MANUFACTURING MARKET IN FRANCE, BY OFFERING, 2014–2023 (USD MILLION)
      • UK
        • Table AI IN MANUFACTURING MARKET IN UK, BY OFFERING, 2014–2023 (USD MILLION)
      • REST OF EUROPE
        • Table AI IN MANUFACTURING MARKET IN ROE, BY OFFERING, 2014–2023 (USD MILLION)
    • APAC
      • Table AI IN MANUFACTURING MARKET IN APAC, BY COUNTRY, 2014–2023 (USD MILLION)
      • CHINA
        • Table AI IN MANUFACTURING MARKET IN CHINA, BY OFFERING, 2014–2023 (USD MILLION)
      • JAPAN
        • Table AI IN MANUFACTURING MARKET IN JAPAN, BY OFFERING, 2014–2023 (USD MILLION)
      • SOUTH KOREA
        • Table AI IN MANUFACTURING MARKET IN SOUTH KOREA, BY OFFERING, 2014–2023 (USD MILLION)
      • INDIA
        • Table AI IN MANUFACTURING MARKET IN INDIA, BY OFFERING, 2014–2023 (USD MILLION)
      • REST OF APAC
        • Table AI IN MANUFACTURING MARKET IN REST OF APAC, BY OFFERING, 2014–2023 (USD MILLION)
    • REST OF THE WORLD
      • Table AI IN MANUFACTURING MARKET IN ROW, BY REGION, 2014–2023 (USD MILLION)
      • SOUTH AMERICA
        • Table AI IN MANUFACTURING MARKET IN SOUTH AMERICA, BY OFFERING, 2014–2023 (USD MILLION)
      • MIDDLE EAST AND AFRICA
        • Table AI IN MANUFACTURING MARKET IN MIDDLE EAST AND AFRICA, BY OFFERING, 2014–2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING ANALYSIS IN AI MANUFACTURING MARKET
      • Table TOP 5 PLAYERS IN AI IN MANUFACTURING MARKET, 2016
    • COMPETITIVE LEADERSHIP MAPPING, 2016
      • VISIONARY LEADERS
      • DYNAMIC DIFFERENTIATORS
      • INNOVATORS
      • EMERGING COMPANIES
    • COMPETITIVE BENCHMARKING
      • BUSINESS STRATEGY EXCELLENCE (FOR ALL 25 PLAYERS)
      • STRENGTH OF PRODUCT PORTFOLIO (25 COMPANIES)
  • COMPANY PROFILES
    • INTRODUCTION
    • SIEMENS AG
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO SCORECARD
      • BUSINESS STRATEGY EXCELLENCE SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
      • MNM VIEW
    • INTEL CORPORATION
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO SCORECARD
      • BUSINESS STRATEGY EXCELLENCE SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
      • MNM VIEW
    • NVIDIA CORPORATION
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO SCORECARD
      • BUSINESS STRATEGY EXCELLENCE SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
      • MNM VIEW
    • ALPHABET INC.
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO SCORECARD
      • BUSINESS STRATEGY EXCELLENCE SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
      • MNM VIEW
    • IBM CORPORATION
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO SCORECARD
      • BUSINESS STRATEGY EXCELLENCE SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
      • MNM VIEW
    • MICROSOFT CORPORATION
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO SCORECARD
      • BUSINESS STRATEGY EXCELLENCE SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
      • MNM VIEW
    • GENERAL ELECTRIC (GE) COMPANY
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO SCORECARD
      • BUSINESS STRATEGY EXCELLENCE SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • DATARPM
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO SCORECARD
      • BUSINESS STRATEGY EXCELLENCE SCORECARD
      • RECENT DEVELOPMENTS
      • FUNDING AND TAKEOVER
    • SIGHT MACHINE
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO SCORECARD
      • BUSINESS STRATEGY EXCELLENCE SCORECARD
      • FUNDING
    • GENERAL VISION, INC.
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO SCORECARD
      • BUSINESS STRATEGY EXCELLENCE SCORECARD
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • AIBRAIN
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO SCORECARD
      • BUSINESS STRATEGY EXCELLENCE SCORECARD
    • ROCKWELL AUTOMATION INC.
      • BUSINESS OVERVIEW
      • RECENT DEVELOPMENTS
      • FUNDING
    • CISCO SYSTEMS, INC.
      • BUSINESS OVERVIEW
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIP
    • MITSUBISHI ELECTRIC CORPORATION
      • OVERVIEW
      • RECENT DEVELOPMENTS
    • ORACLE CORPORATION
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIP
    • SAP SE
      • BUSINESS OVERVIEW
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIP
    • START-UP ECOSYSTEM
      • PREFERRED NETWORKS, INC.
      • VICARIOUS INC.
      • SKYMIND, INC.
      • CITRINE INFORMATICS
      • CLOUDMINDS TECHNOLOGIES
      • UBTECH ROBOTICS CORP.
  • APPENDIX
    • INSIGHTS FROM INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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