Artificial Intelligence in Manufacturing Market by Offering, Technology, Application, Industry & Geography - Global Forecast to 2023 - Research and Markets

DUBLIN--()--The "Artificial Intelligence in Manufacturing Market by Offering, Technology, Application, Industry, and Geography - Global Forecast to 2023" report has been added to Research and Markets' offering.

The artificial intelligence (AI) in manufacturing market was valued at USD 272.5 million in 2016 and is expected to reach USD 4,882.9 million by 2023, at a CAGR of 52.42% between 2017 and 2023.

The growth of this market is driven by the growing usage of big data technology in manufacturing, Industrial IoT, extensive usage of robotics, computer vision technology, cross-industry partnerships and collaborations, and significant increase in venture capital investments. However, reluctance among manufacturers to adopt AI-based technologies is the major factors restraining the growth of the AI in manufacturing market.

Hardware includes graphics processing unit GPUs, digital signal processing (DSPs), field programming gateway array (FPGAs), Microprocessors, and tensor processing unit (TPU) chips. This segment is expected to grow at the highest CAGR in the AI in manufacturing market for offering. The GPU, DSP, and FPGA are widely used to implement the deep learning algorithm. In terms of throughput, GPU is faster than FPGA, whereas in the case of power efficiency, FPGA is better than GPU. Keeping these factors in mind, the AI providers choose the hardware accordingly.

Computer vision technology currently holds the largest market share among AI technologies. This demand has grown since the companies have started to structure the machine's data for predictive analysis. Moreover, the growing usage of internet and connected devices along with huge volumes of machine data is driving the growth of the AI in manufacturing market.

Companies Mentioned

  • Aibrain Inc.
  • Alphabet Inc.
  • Arimo Inc.
  • Citrine Informatics
  • Clearpath Robotics Inc.
  • Cloudminds Technologies
  • DarkTrace
  • DataRobot
  • DataRPM
  • General Electric Company
  • General Vision Inc.
  • IBM Corporation
  • Intel Corporation
  • Kespry Inc.
  • Microsoft Corporation
  • Nvidia Corporation
  • Omron Adept Technologies Inc
  • Preferred Networks Inc.
  • Rockwell Automation Inc.
  • Siemens AG
  • Sight Machine
  • Skymind Inc.
  • TAMR Inc.
  • UBTech Robotics Corp.
  • Vicarious Inc.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Artificial Intelligence in Manufacturing Market, By Offering

8 Artificial Intelligence in Manufacturing Market, By Technology

9 Artificial Intelligence in Manufacturing Market, By Application

10 Artificial Intelligence in Manufacturing Market, By Industry

11 Geographic Analysis

12 Competitive Landscape

13 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/6vlp6b/artificial

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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Related Topics: Artificial Intelligence

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Artificial Intelligence