Global Artificial Intelligence in Manufacturing Market was valued at USD 966.67 million in 2023 which is expected to reach USD 22880.45 million by 2030 at CAGR 50.32%.
Artificial intelligence technology is the trending technology in manufacturing sector. By incorporating AI with machine learning, pattern recognition software, factories could be transformed in upcoming years. This technology helps in automating the manufacturing industry and results in reaching high level of productivity and accuracy that is even beyond human ability.
Increase in demand for machine learning technology and computer vision for machinery inspection is the key driving factor which is expected to boost the global artificial intelligence in manufacturing market growth. Furthermore, rise in adoption of artificial intelligence by factories to reduce machine downtime will have the positive impact on market growth. Furthermore, increase in demand from factories to improve productivity and reduce operational cost are projected to drive the market growth during this forecast period. Moreover, integration of artificial intelligence in machinery inspection and predictive maintenance encompasses testing, lubrication, regular examination, and adjustments of equipments. Such benefits are expected to fuel the market growth.
However, reluctance among manufacturers to adopt AI-based technologies is the major challenging factor which is expected to hinder the global artificial intelligence in manufacturing market growth.
Global Artificial Intelligence in Manufacturing Market is segmented into offering such as Hardware, Software, and Services, by technology such as Machine Learning, Computer Vision, Context Awareness, and Natural Language Processing. Further, market is segmented into application such as Material Movement, Predictive Maintenance & Machinery Inspection, Production Planning, Field Services, and Quality Control & Reclamation.
Also, Global Artificial Intelligence in Manufacturing Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Various key Players are discussed in this report such as Bosch, General Electric Company, Cisco Systems, Inc., Intel Corporation, IBM Corporation, Microsoft Corporation, NVIDIA Corporation, Mitsubishi Electric Corporation, and Siemens AG
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5.1 Y-o-Y Growth Comparison, By Offering
5.2 Global Artificial Intelligence in Manufacturing Market Share Analysis, By Offering
5.3 Global Artificial Intelligence in Manufacturing Market Size and Forecast, By Offering
5.3.1 Hardware
5.3.2Software
5.3.3 Services
6.1 Y-o-Y Growth Comparison, By Technology
6.2 Global Artificial Intelligence in Manufacturing Market Share Analysis, By Technology
6.3 Global Artificial Intelligence in Manufacturing Market Size and Forecast, By Technology
6.3.1 Machine Learning
6.3.2Computer Vision
6.3.3 Context Awareness
6.3.4 Natural Language Processing
7.1 Y-o-Y Growth Comparison, Application
7.2 Global Artificial Intelligence in Manufacturing Market Share Analysis, Application
7.3 Global Artificial Intelligence in Manufacturing Market Size and Forecast, Application
7.3. 1 Material Movement
7.3.2 Predictive Maintenance & Machinery Inspection
7.3.3 Production Planning
7.3.4 Field Services
7.3.5 Quality Control & Reclamation
8.1 Global Artificial Intelligence in Manufacturing Market Share Analysis, By Region
8.2 Global Artificial Intelligence in Manufacturing Market Share Analysis, By Region
8.3 Global Artificial Intelligence in Manufacturing Market Size and Forecast, By Region
9.1 Introduction
9.2 North America Artificial Intelligence in Manufacturing Market Share Analysis, By Offering
9.3 North America Artificial Intelligence in Manufacturing Market Size and Forecast, By Technology
9.4 North America Artificial Intelligence in Manufacturing Market Size and Forecast, Application
9.5 North America Artificial Intelligence in Manufacturing Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10.1 Introduction
10.2 Europe Artificial Intelligence in Manufacturing Market Share Analysis, By Offering
10.3 Europe Artificial Intelligence in Manufacturing Market Size and Forecast, By Technology
10.4 Europe Artificial Intelligence in Manufacturing Market Size and Forecast, Application
10.5 Europe Artificial Intelligence in Manufacturing Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11.1 Introduction
11.2 Asia Pacific Artificial Intelligence in Manufacturing Market Share Analysis, By Offering
11.3 Asia Pacific Artificial Intelligence in Manufacturing Market Size and Forecast, By Technology
11.4 Asia Pacific Artificial Intelligence in Manufacturing Market Size and Forecast, Application
11.5 Asia Pacific Artificial Intelligence in Manufacturing Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12.1 Introduction
12.2 Latin America Artificial Intelligence in Manufacturing Market Share Analysis, By Offering
12.3 Latin America Artificial Intelligence in Manufacturing Market Size and Forecast, By Technology
12.4 Latin America Artificial Intelligence in Manufacturing Market Size and Forecast, Application
12.5 Latin America Artificial Intelligence in Manufacturing Market Size and Forecast, Country
13.1 Introduction
13.2 Middle East Artificial Intelligence in Manufacturing Market Share Analysis, By Offering
13.3 Middle East Artificial Intelligence in Manufacturing Market Size and Forecast, By Technology
13.4 Middle East Artificial Intelligence in Manufacturing Market Size and Forecast, Application
13.5 Middle East Artificial Intelligence in Manufacturing Market Size and Forecast, By Country
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15.1 Bosch
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 General Electric Company
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Cisco Systems, Inc
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Microsoft Corporation
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Plug Power
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 IBM Corporation
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Microsoft Corporation
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 NVIDIA Corporation
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Mitsubishi Electric Corporation
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Siemens AG
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
