Artificial Intelligence (AI) in manufacturing Market Development Strategy and Future Prospects 2024

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Market Research Future
Artificial Intelligence (AI) in manufacturing
Market Research Report Global Forecast till 2024
The global artificial intelligence (AI) in
manufacturing market was valued at USD 1.59
billion in 2018 it is estimated to reach USD
14.77 billion by 2024 at a 47.09 CAGR during the
forecast period 20192024. Developing market of
industry 4.0 and smart factories, increasing
adoption of automation by SMEs as well as large
enterprises, and development in advanced
technologies such as artificial intelligence,
machine learning deep learning are some of the
prime factors driving the growth of the market.
However, data security privacy concerns, and
high integrating cost of AI-based solutions are
some major factors hindering the market growth.
The developing market of big data technology and
increasing application of AI for business
intelligence are some factors bringing fruitful
opportunities for the market in the coming years.
Whereas, the lack of skilled expertise is a major
challenge in the market. https//www.marketresea
rchfuture.com/reports/artificial-intelligence-ai-i
n-manufacturing-market-7745
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Market Research Future
Regional Analysis Market Research Future (MRFR)
study has covered the following countries in the
regional analysis of artificial intelligence (AI)
in the manufacturing marketthe US, Canada, and
Mexico in North America Germany, the UK, France,
Russia, Spain, the Netherlands, and Italy in
Europe China, Japan, India, Singapore,
Australia, the Philippines, and South Korea in
Asia-Pacific and the Middle East Africa and
South America in the rest of the
world. Artificial intelligence in manufacturing
market is currently dominated by Asia-Pacific
region as the primary economic countries such as
China, India, South Korea, and the Philippines
are the major manufacturing centers of
semiconductors, electronics, energy power, and
pharmaceuticals. Further, increasing adoption of
robots in manufacturing processes is expected to
aid the region in dominating the market
throughout the forecast period. Access Full
Report _at_ https//www.marketresearchfuture.com/repo
rts/artificial-intelligence-ai-in-manufacturing-ma
rket-7745
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Market Research Future

• Market Segments
• By component, the market has been segmented into
  hardware, software, and services. By hardware the
  market has been segmented into processor, memory,
  and network. The processor segment covers
  microprocessor unit (MPU), graphical processing
  unit (GPU), field programmable gate array (FPGA),
  and application-specific integrated circuits
  (ASICs). Whereas, the services segment has been
  further breakdown into deployment integration,
  and support maintenance.
• By technology, the market has been segmented into
  machine learning deep learning, natural
  language processing, context-aware computing, and
  computer vision.
• By application, the market has been sub-segmented
  into predictive maintenance, supply chain
  management, IT management, field services,
  quality control, robotics, and others
• By vertical, the market has been classified into
  automobile, aerospace defense, energy power,
  semiconductor electronics, food beverage,
  pharmaceuticals, and others.
• By region, the market has been segmented into
  North America, Europe, Asia-Pacific, and the rest
  of the world.
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  chfuture.com/sample_request/7745

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Market Research Future
Major Players in this Research Market Research
Future has identified following key players in
the marketNvidia Corporation, Intel, Inc., IBM
Corporation, Siemens AG, General Electric
company, Google, Inc., Microsoft Corporation,
Amazon Web Services, Bosch, Rockwell Automation,
Cisco Systems, SAP SE, Foxconn, and
others. Know More about this Report _at_
https//www.marketresearchfuture.com/press-release
/ai-in-manufacturing-market
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Market Research Future
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. In order to stay
updated with technology and work process of the
industry, MRFR often plans conducts meet with
the industry experts and industrial visits for
its research analyst members. Know more
http//www.marketresearchfuture.com/about-us
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