AI in Manufacturing Market
AI in Manufacturing Market - Global Industry Assessment & Forecast
#
Pages:
155
2022
Mar - 2022
VMR-1404
Segments Covered
By
Offering Hardware, Software, Services
-
By
Technology Machine Learning, Natural Language Processing, Context-aware Computing, Computer Vision
-
By
Application Predictive Maintenance and Machinery Inspection, Material Movement, Production Planning, Field Services, Quality Control, Cybersecurity, Industrial Robots, Reclaimation
-
By
Industry Automobile, Energy and Power, Pharmaceuticals, Heavy Metals and Machine Manufacturing, Semiconductors and Electronics, Food & Beverages, Others
-
By
Regions North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
 Base Year:
|
2022 |
| Forecast
Years:
|
2023 - 2030 |
 Historical
Years:
|
2017 - 2021 |
 Revenue
2022: |
USD 2243.75 Million |
 Revenue 2030:
|
USD 61941.48 Million |
 Revenue CAGR
(2023 - 2030): |
51.40% |
Fastest Growing Region (2023 -
2030)
|
Asia Pacific |
Largest Region (2022):
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Research Methodology: AI in Manufacturing Market by Offering by Technology by Application by Industry by Regions - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
The next stage involves the primary research conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the following data requirements:
- First-hand information global market size, regional and segmental trends, competitive landscape
- Validate and authorization of secondary research outcomes and findings
- Further data collection and expertise development & market understandings
Data Triangulation and Market Size Estimations
After the determination of the overall market size through secondary and primary research, the market is divided into various segments and sub-segments. Moreover, top-down and bottom-up approaches were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. During the data triangulation process, the data was analyzed by employing various data models and statistical techniques to arrive at exact statistics and market size for each segment/sub-segment of the market. The data is analyzed and triangulated by considering all the key market impacting factors from both supply and demand side of AI in Manufacturing market.
FAQ
Frequently Asked Question
What is the global demand for AI in Manufacturing in terms of revenue?
-
The global AI in Manufacturing valued at USD 2243.75 Million in 2022 and is expected to reach USD 61941.48 Million in 2030 growing at a CAGR of 51.40%.
Which are the prominent players in the market?
-
The prominent players in the market are NVIDIA Corporation (US), IBM Corporation (US), Alphabet Inc. (Google) (US), Microsoft Corporation (US), Intel Corporation (US), Siemens AG (Germany), General Electric Company (US), General Vision Inc. (US), Progress Software Corporation (US), Micron Technology Inc.(US), Mitsubishi Electric Corporation (Japan), Sight Machine (US), Cisco Systems Inc. (US), SAP SE (Germany), Rockwell Automation Inc. (US), AIBrain Inc. (US), Vicarious Inc. (US),Oracle Corporation (US), Amazon Web Services (US), SparkCognition Inc. (US), Rethink Robotics (Germany), UBTECH Robotics Corp. (China), Aquant Inc. (Israel), Bright Machines (US), and Flutura Decision Sciences & Analytics (India)..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 51.40% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the AI in Manufacturing include
- Evolving Industrial IoT and automation
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the AI in Manufacturing in 2022.
