China AI in Manufacturing Market Size, Share & Forecast 2025


Posted January 30, 2020 by rishabh3210

China AI in Manufacturing Market Size, Share & Forecast 2025China AI in Manufacturing Market Size, Share & Forecast 2025

 
China AI in manufacturing market is estimated to grow significantly at a CAGR of over 35% during the forecast period. China has a huge potential for the grwoth of the market in the near future. One of the major factors contrivuting to the growth of the AI in manufacturingmarket in China is “Made in China” strategy. China is adopting smart factory technologies for enhancing the competitiveness as it seeks to close the gap in manufacturing prowess with Japan and Germany by 2035 under its “Made in China” strategy.

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Further, the abundance of economic labor has made the country an attractive destination for investment considering the low-cost labor and improved infrastructure. As a result, the manufactured products constitute a significant share of the country’s trade. The manufacturing industry requires to meet the increasing demand for a high-quality standard that can be met through quality control, predictive analytics, and supply network optimization. With the rising manufacturing industry in the region, the demand for these application increases which in turn drives the regional growth of the market.

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The market is segmented on the basis of application and end-user. Based on application, the market is segmented into quality control & reclamation, predictive maintenance, supply network optimization, and others including production planning. Predictive maintenance held the highest share of the market in 2018. This is attributed to the increasing demand for accuracy and reliability during the manufacturing process. Based on end-user, the market is segmented into automobile, pharmaceutical, heavy metal & machine manufacturing and others.

Global players such as Honeywell International Inc., ABB Ltd., Siemens AG and others are expanding their reach in the Chinese market, which in turn contribute to the growth of the AI in manufacturing market in China.

Market Segmentation

China AI in Manufacturing Market by Application

Quality Control & Reclamation
Predictive Maintenance
Supply Network Optimization
Others (Production Planning)

China AI in Manufacturing Market by End-User

Automobile
Pharmaceutical
Heavy Metal & Machine Manufacturing
Others (Semiconductor and Electronics)

Company Profiles

ABB Ltd.
Automation Anywhere, Inc.
Baidu, Inc.
Fujitsu Ltd.
Honeywell International Inc.
IBM Corp.
Schneider Electric SE
Siemens AG
Telefonaktiebolaget LM Ericsson

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Issued By Mr. Anurag Tiwari
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Tags china ai in manufacturing market size , share forecast 2025
Last Updated January 30, 2020