Market Highlights

The take of global artificial intelligence (AI) in the manufacturing market trend 2020 recorded by Market Research Future uncovers that the market can hit 47.09% to the total assets with USD 14.77 billion by 2024 in the midst of the drawn out effect of COVID-19. The long stretches of development is determined to be from 2019-2024.

Top Grossing Factors

The global artificial intelligence in the manufacturing market has assembled pace in its development in the midst of COVID-19 forward leap with quickly advancing modern computerization and IoT, as of now. Artificial intelligence is one of the greatest developing advancements lately. Artificial intelligence is aligned with human intelligence with comparable attributes, for example, understanding, critical thinking, thinking, language, and learning. A blend of AI in the manufacturing business offers a more secure functional climate, which further helps with improving the quality and amount of creation.

One of the principle factors, like the outstanding development in computerized information, is persuading the development of artificial intelligence (AI) in the manufacturing market. It is approximated that constantly 2020, around 1.7 megabytes of new information will be made each second. It is further rough to extend at 40% over the course of the following decade. Such development is credited to the heightening reception of huge information advancements and IoT gadgets alongside the climb in prominence of cloud stages among endeavors. This large number of elements are cheering the reception of artificial intelligence arrangements among the producers to deal with the information and concentrate significant bits of knowledge.

Besides, the calculate of upgrade mechanization in the manufacturing business and the ascent popular for enormous information joining help the acceleration of artificial intelligence in the manufacturing market. With this, common use of machine vision cameras in manufacturing applications, like material development, hardware investigation, quality control, and field administration, is likewise to drive the development of artificial intelligence in the manufacturing market for the gauge time frame.

Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/7745
Segmentation:

The study by MRFR also digs some segmentation of the global artificial intelligence in the manufacturing market, which has been done through the component, technology, application, and vertical.

In terms of component segment, the market has included software, hardware, and services. Among these, the hardware segment has included memory, processor, and network. Also, the processor segment has covered the graphical processing unit (GPU), a microprocessor unit (MPU), application-specific integrated circuits (ASICs), and field-programmable gate array (FPGA). In the last segment, the services segment also has a breakdown into support & maintenance and deployment & integration.

In terms of the technology segment, the market has included natural language processing, machine learning & deep learning, computer vision, and context-aware computing.

In terms of the application segment, the market has included supply chain management, predictive maintenance, field services, IT management, robotics, quality control, and others.

In terms of vertical segment, the market has included aerospace & defense, automobile, semiconductor & electronics, energy & power, pharmaceuticals, food & beverage, and others.

Regional Analysis

Market Research Future (MRFR) study has covered some key countries in the regional analysis of artificial intelligence (AI) in the manufacturing market—North America, Europe, Asia-Pacific, the Middle East & Africa, and South America in the rest of the world.

Artificial intelligence in the manufacturing market is currently led by the Asia-Pacific region as the primary economic countries such as India, China, the Philippines, and South Korea are the major manufacturing centers of electronics, semiconductors, pharmaceuticals, and energy & power. Further, the escalating adoption of robots in manufacturing processes is anticipated to aid the region is leading the market throughout the forecast period.

The region of North America is the second highest contributor to the artificial intelligence market. The US is the first adopter of new technologies for applications such as process planning, factory automation, production scheduling, and engineering design.

Artificial intelligence (AI) in the manufacturing market in Europe is also estimated to gain high momentum during the projected period owing to the mounting adoption of industry 4.0 and robotics by the automotive and aerospace industry.

Top Market Players

Market Research Future has well-known some of the key players in the global artificial intelligence (AI) in the manufacturing market are IBM Corporation, Nvidia Corporation, Intel, Inc., General Electric company, Siemens AG, Microsoft Corporation, Google, Inc., Bosch, Amazon Web Services, Cisco Systems, Rockwell Automation, Foxconn, SAP SE, and others.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/artificial-intelligence-ai-in-manufacturing-market-7745

Artificial Intelligence (AI) in Manufacturing Market: by Component (Software, Service, Hardware (Network, Processor (ASIC, FPGA, GPU)), by Technology (Deep Learning, NLP), by Application (Robot, Quality Control), by Vertical (Automobile, Pharmaceutical) — Forecast till 2027

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: [email protected]

Website: https://www.marketresearchfuture.com