The Artificial Intelligence in Manufacturing Market report shows the competitive situation among the top manufacturers, with sales, revenue and market share and the market by type and application. The report deeply described by experts team and made full report on Artificial Intelligence in Manufacturing Market with Forecasts 2026.
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The Artificial Intelligence in Manufacturing Market is expected to be valued at USD 1.1 Billion in 2020 and is likely to reach USD 16.7 Billion by 2026; it is expected to grow at a CAGR of 57.2% during the forecast period.
Top Companies Profiled in the Artificial Intelligence in Manufacturing Market:
- 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)
Machine learning’s ability to collect and handle big data and its applications in real-time speech translation, robotics, and facial analysis are fuelling its growth in the manufacturing market. AI constitutes various technologies that play a vital role in developing its ecosystem.
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The predictive maintenance and machinery inspection application held the largest share of the AI in manufacturing market in 2019. Extensive use of computer vision cameras in machinery inspection, adoption of Industrial Internet of Things (IIoT), and use of big data in the manufacturing industry are the factors driving the growth of the AI in manufacturing market for the predictive maintenance and machinery inspection application.
Competitive Landscape of Artificial Intelligence in Manufacturing Market:
2 Ranking Of Players, 2019
3 Competitive Leadership Mapping
3.1 Visionary Leaders
3.2 Dynamic Differentiators
3.4 Emerging Companies
4 Competitive Scenario
4.1 Product Launches And Developments
4.2 Collaborations, Partnerships, And Agreements
4.3 Acquisitions & Joint Ventures
The AI in manufacturing market has been segmented based on offering, technology, application, industry and region. It also provides a detailed view of the market across 4 main regions: North America, Europe, APAC, and RoW.