PUBLISHER: Value Market Research | PRODUCT CODE: 1578321
PUBLISHER: Value Market Research | PRODUCT CODE: 1578321
The global demand for Artificial Intelligence In Manufacturing Market is presumed to reach the market size of nearly USD 126.85 Billion by 2032 from USD 4.52 Billion in 2023 with a CAGR of 44.85% under the study period 2024-2032.
Artificial Intelligence (AI) is an area of computer science introduced to reducethe workload of humans and also to help the businesses achieve more, faster and more efficiently. AI in manufacturing reduces unplanned downtime, improve efficiency, product quality and the safety of employees. It is used for material movement, predictive maintenance, and machinery inspection, production planning, and field services among others. The technology of AI in manufacturing includes machine learning (ML), computer vision, context awareness and natural language processing (NLP).
The rising adoption of IoT (Internet Of Things) and increasingly large and complex data sets is driving market growth. Growing usage of computer vision cameras is again accelerating market growth. On the other hand, lack of awareness and technology integration among workers may restrict market growth. Whereas, increasing adoption in developing regions and development of smarter robots are likely to offer an opportunity during the forecast period.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Artificial Intelligence In Manufacturing. The growth and trends of Artificial Intelligence In Manufacturing industry provide a holistic approach to this study.
This section of the Artificial Intelligence In Manufacturing market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Artificial Intelligence In Manufacturing market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Artificial Intelligence In Manufacturing market include Amazon Web Services, Cisco Systems Inc, General Electric Company, Google LLC (Alphabet Inc.), IBM Corporation, Intel Corporation, Microsoft Corporation, Mitsubishi Electric Corporation, NVIDIA Corporation, Oracle Corporation, Rethink Robotics, Rockwell Automation Inc, SAP SE, Siemens AG. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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