Artificial Intelligence in Manufacturing Market by Offering (Hardware, Software, and Services), Industry, Application, Technology (Machine Learning, Natural Language Processing, Context-aware Computing, Computer Vision), & Region - Global Forecast to 2027
Artificial Intelligence in Manufacturing Market by Offering (Hardware, Software, and Services), Industry, Application, Technology (Machine Learning, Natural Language Processing, Context-aware Computing, Computer Vision), & Region - Global Forecast to 2027
Abstract
Artificial intelligence in Manufacturing market size is valued at USD 2.3 billion in 2022 and is anticipated to be USD 16.3 billion by 2027; growing at a CAGR of 47.9% from 2022 to 2027. The growing demand of factors such as improving computing power of AI chipsets is expected to grow the market at an estimated rate.
Increasing adoption of AI has been observed as a new driver for semiconductor chipset manufacturers in the past few years. GPU/CPU manufacturers, such as NVIDIA, AMD, Intel, Qualcomm, Huawei, and Samsung, have significantly invested in AI hardware for the development of chipsets that are compatible with AI-based technologies and solutions. Apart from CPUs and GPUs, application-specific integrated circuits (ASICs) and field-programmable gate arrays (FPGAs) are being developed for AI applications. For instance, Google has built a new ASIC called “tensor processing unit” (TPU).
Compute-intensive chipset is among the critical parameters for processing AI algorithms; the faster the chipset, the quicker it can process data required to create an AI system. Currently, AI chipsets are mostly deployed in data centers/high-end servers as end computers are currently incapable of handling such huge workloads and do not have enough power and time frame. NVIDIA has a range of GPUs that offer GPU memory bandwidth based on application. For example, GeForce GTX Titan X offers memory bandwidth of 336.5 GB/s and is mostly deployed in desktops, while Tesla V100 16 GB offers memory bandwidth of 900 GB/s and is used in AI applications.
Application of AI for intelligent business processes
Rigid and rule-based software currently governs a majority of business processes in an organization, offering limited abilities to handle critical problems. These processes are time-consuming and require employees to work on repetitive tasks, hampering the productivity of the employees and the overall performance of the organization. Machine Learning and Natural Language Processing tools generated on AI platforms can help enterprises overcome such challenges with self-learning algorithms, which can reveal new patterns and solutions. Most organizations use enterprise software, which make the use of rule-based processing to automate business processes.
This task-based automation has helped organizations in improving their productivity in a few specific processes but such rule-based software cannot self-learn and improve with experience. The integration of AI tools, such as NLP and ML, generated on AI platform for enterprise software systems, enable the software to gain mastery while solving individual processes. This software would be able to provide improved performance and productivity to enterprises over time, instead of providing a one-time boost. All these factors are said to have fueled the demand for intelligent business processes and act as opportunities for the growth of the AI in manufacturing market.
Increasing global demand for energy and power is influencing energy and power companies to adopt AI-based solutions
The increasing global demand for energy and power is influencing energy and power companies to adopt AI-based solutions that can help boost production output with minimum maintenance and reduced downtime. Maintenance and inspection are the major issues, along with material movement, in a thermal plant as the material needs to travel a long distance inside the plant. Besides, equipment used in this industry, such as turbines, conveyer belts, grids, and voltage transformers, are costly.
Moreover, there are issues related to fuel mix, ambient temperature, air quality, moisture, load, weather forecast models, and market pricing in the power industry. By using AI-based technologies, these issues can be resolved and predicted in the early stages. AI-based technologies used in energy plants comprise physics insights, engineering design knowledge, and new inspection technologies, which are ideal for predictive maintenance and machinery inspections. The AI technologies work in 2 layers. First, by recognizing the pattern, and second, by learning the models. Early-stage pattern recognition notifies about impending failures.
The breakup of primaries conducted during the study is depicted below:
•By Company Type: Tier 1 – 55 %, Tier 2 – 25%, and Tier 3 –20%
•By Designation: C-Level Executives – 60%, Directors – 20%, and Others – 20%
•By Region: North America– 40%, Europe – 30%, APAC – 20%, South America – 7% and Middle East and Africa - 3%
The key players operating in the artificial intelligence in Manufacturing market include NVIDIA (US), IBM (US), Intel (US), Siemens (Germany), General Electric (US), Google (US), Microsoft Corporation (US), and Micron Technology (US).
Research Coverage
The report segments the Artificial intelligence in Manufacturing market and forecasts its size, by value, based on region (North America, Europe, Asia Pacific, and RoW), Application ( predictive maintenance and machinery inspection, inventory optimization, production planning, field services, quality control, cybersecurity, industrial robots and reclamation), Technology (machine learning, natural language processing, context-aware computing, computer vision), Offering ( hardware, software and services) and Industry (automotive, energy & power, semiconductor & electronics, pharmaceutical, heavy metals & machine manufacturing, food & beverage and others (textile, aerospace and mining)). The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the head-up display market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
Key Benefits of Buying This Report
•This report includes market statistics pertaining to the offering, technology, industry, application, and region.
•An in-depth value chain analysis has been done to provide deep insight into the artificial intelligence in manufacturing market.
•Major market drivers, restraints, challenges, and opportunities have been detailed in this report.
•Illustrative segmentation, analyses, and forecasts for the market based on offering, technology, industry, application, and region have been conducted to provide an overall view of the the artificial intelligence in manufacturing market.
•The report includes an in-depth analysis and ranking of key players.
Content
Table of Contents
1INTRODUCTION34
1.1STUDY OBJECTIVES34
1.2MARKET DEFINITION34
1.2.1INCLUSIONS AND EXCLUSIONS34
1.3STUDY SCOPE35
1.3.1MARKETS COVERED35
1.3.2YEARS CONSIDERED36
1.4CURRENCY36
1.5STAKEHOLDERS36
1.6SUMMARY OF CHANGES37
2RESEARCH METHODOLOGY38
2.1RESEARCH DATA38
FIGURE 1ARTIFICIAL INTELLIGENCE IN MANUFACTURING MARKET: RESEARCH DESIGN38
2.1.1SECONDARY AND PRIMARY RESEARCH40
2.1.1.1Key industry insights40
2.1.2SECONDARY DATA41
2.1.2.1List of major secondary sources41
2.1.2.2Secondary sources42
2.1.3PRIMARY DATA42
2.1.3.1Primary interviews with experts42
2.1.3.2Breakdown of primaries43
2.1.3.3Primary sources43
2.2MARKET SIZE ESTIMATION44
2.2.1BOTTOM-UP APPROACH44
FIGURE 2MARKET SIZE ESTIMATION OF AI IN MANUFACTURING MARKET (BOTTOM-UP)44
2.2.1.1Estimating market size by bottom-up approach (demand side)44
FIGURE 3MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH45
2.2.2TOP-DOWN APPROACH45
FIGURE 4MARKET SIZE ESTIMATION OF AI IN MANUFACTURING MARKET (TOP-DOWN)45
2.2.2.1Approach for capturing the market share by top-down analysis (supply side)46
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH46
2.3MARKET BREAKDOWN AND DATA TRIANGULATION47
FIGURE 6DATA TRIANGULATION47
2.4RESEARCH ASSUMPTIONS48
TABLE 1ASSUMPTIONS FOR RESEARCH STUDY48
2.5RISK ASSESSMENT49
2.5.1AI IN MANUFACTURING MARKET: LIMITATIONS AND ASSOCIATED RISKS49
TABLE 2LIMITATIONS AND ASSOCIATED RISKS49
2.6LIMITATIONS50
FIGURE 7LIMITATIONS FOR RESEARCH STUDY50
TABLE 3MARKET FORECASTING METHODOLOGY ADOPTED FROM 2022 TO 202750
3EXECUTIVE SUMMARY51
FIGURE 8SOFTWARE SEGMENT TO HOLD LARGEST SHARE OF AI IN MANUFACTURING MARKET DURING FORECAST PERIOD52
FIGURE 9MACHINE LEARNING SEGMENT TO HOLD LARGEST SHARE OF AI IN MANUFACTURING MARKET DURING FORECAST PERIOD52
FIGURE 10PREDICTIVE MAINTENANCE AND MACHINERY INSPECTION APPLICATION SEGMENT TO HOLD LARGEST SHARE OF AI IN MANUFACTURING MARKET DURING FORECAST PERIOD53
FIGURE 11AUTOMOTIVE INDUSTRY TO HOLD LARGEST SHARE OF AI IN MANUFACTURING MARKET DURING FORECAST PERIOD53
FIGURE 12ASIA PACIFIC TO REGISTER HIGHEST CAGR IN AI IN MANUFACTURING MARKET DURING FORECAST PERIOD54
3.1COVID-19 IMPACT ANALYSIS: AI IN MANUFACTURING MARKET55
FIGURE 13PRE- AND POST-COVID-19 SCENARIO ANALYSIS FOR AI IN
MANUFACTURING MARKET55
3.1.1REALISTIC SCENARIO (POST-COVID-19)55
3.1.2OPTIMISTIC SCENARIO (POST-COVID-19)55
3.1.3PESSIMISTIC SCENARIO (POST-COVID-19)55
4PREMIUM INSIGHTS56
4.1ATTRACTIVE OPPORTUNITIES IN AI IN MANUFACTURING MARKET56
FIGURE 14RISING INDUSTRIAL AUTOMATION TO DRIVE MARKET GROWTH56
4.2AI IN MANUFACTURING MARKET, BY OFFERING56
FIGURE 15SOFTWARE SEGMENT TO HOLD LARGEST SHARE OF AI IN MANUFACTURING MARKET DURING FORECAST PERIOD56
4.3AI IN MANUFACTURING MARKET, BY TECHNOLOGY57
FIGURE 16MACHINE LEARNING SEGMENT TO HOLD LARGEST SHARE OF AI IN MANUFACTURING MARKET FROM 2022 TO 202757
4.4ASIA PACIFIC AI IN MANUFACTURING MARKET, BY INDUSTRY AND COUNTRY58
FIGURE 17AUTOMOTIVE SEGMENT AND CHINA HELD LARGEST SHARES OF ASIA PACIFIC AI IN MANUFACTURING MARKET IN 202158
4.5AI IN MANUFACTURING MARKET, BY COUNTRY59
FIGURE 18SPAIN TO REGISTER HIGHEST CAGR IN AI IN MANUFACTURING MARKET BETWEEN 2022 AND 2027 (IN TERMS OF VALUE)59
5MARKET OVERVIEW60
5.1INTRODUCTION60
5.2MARKET DYNAMICS61
FIGURE 19INCREASINGLY LARGE AND COMPLEX DATASETS AND INDUSTRY TRENDS SUCH AS IOT AND AUTOMATION ARE DRIVING MARKET GROWTH61
5.2.1DRIVERS62
5.2.1.1Intensifying need to handle increasingly large and complex dataset62
5.2.1.2Evolving industrial IoT and automation technologies62
5.2.1.3Improving computing power of AI chipsets63
5.2.1.4Increasing venture capital investments in manufacturing AI space64
5.2.2RESTRAINTS64
5.2.2.1Reluctance among manufacturers to adopt AI-based technologies64
5.2.3OPPORTUNITIES65
5.2.3.1Growing focus on boosting operational efficiency of
manufacturing plants65
5.2.3.2Application of AI for intelligent business processes65
5.2.3.3Adoption of automation technologies to mitigate effects of COVID-1966
5.2.4CHALLENGES66
5.2.4.1Limited availability of skilled workforce, especially in
developing countries66
5.2.4.2Concerns regarding data privacy67
5.3PORTER’S FIVE FORCES ANALYSIS67
5.3.1BARGAINING POWER OF SUPPLIERS67
5.3.2BARGAINING POWER OF BUYERS67
5.3.3THREAT OF NEW ENTRANTS68
5.3.4THREAT OF SUBSTITUTES68
5.3.5INTENSITY OF COMPETITIVE RIVALRY68
TABLE 4IMPACT OF EACH FORCE ON AI IN MANUFACTURING MARKET68
5.4PRICING ANALYSIS69
FIGURE 20ASP OF PROCESSORS, 2018–2021 (USD)69
TABLE 5ASP RANGE OF PROCESSOR TYPES, 2018–2021 (USD)69
5.5TRADE ANALYSIS69
5.5.1EXPORT SCENARIO OF AUTOMATIC DATA PROCESSING MACHINES69
TABLE 6AUTOMATIC DATA PROCESSING MACHINES EXPORT, BY KEY COUNTRY, 2016–2020 (USD THOUSAND)70
5.5.2IMPORT SCENARIO OF AUTOMATIC DATA PROCESSING MACHINES70
TABLE 7IMPORT DATA: AUTOMATIC DATA PROCESSING MACHINES, BY KEY COUNTRY, 2016–2020 (USD THOUSAND)70
5.6TARIFFS AND REGULATORY LANDSCAPE71
5.6.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS71
TABLE 8NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS71
TABLE 9EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS71
TABLE 10ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS72
TABLE 11REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS72
5.7AI ECOSYSTEM73
FIGURE 21AI IN MANUFACTURING MARKET: ECOSYSTEM ANALYSIS73
TABLE 12AI IN MANUFACTURING MARKET ECOSYSTEM74
5.8AI IN MANUFACTURING MARKET: CASE STUDIES75
5.8.1SIEMENS GAMESA USES FUJITSU’S AI SOLUTION TO ACCELERATE INSPECTION OF TURBINE BLADES75
5.8.2VOLVO USES MACHINE LEARNING-DRIVEN DATA ANALYTICS FOR PREDICTING BREAKDOWN AND FAILURES75
5.8.3ROLLS-ROYCE IS USING MICROSOFT CORTANA INTELLIGENCE FOR PREDICTIVE MAINTENANCE75
5.8.4PAPER PACKAGING FIRM USED SIGHT MACHINE’S ENTERPRISE MANUFACTURING ANALYTICS TO IMPROVE PRODUCTION76
5.9PATENT ANALYSIS76
FIGURE 22NUMBER OF PATENTS GRANTED PER YEAR OVER LAST 10 YEARS76
TABLE 13TOP 20 PATENT OWNERS76
FIGURE 23TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS77
TABLE 14IMPORTANT PATENT REGISTRATIONS, 2015–202078
5.10REVENUE SHIFT IN AI IN MANUFACTURING MARKET83
5.11REGULATORY STANDARDS84
5.11.1STANDARDS IN ITS/C-ITS85
TABLE 15SECURITY AND PRIVACY STANDARDS DEVELOPED BY EUROPEAN TELECOMMUNICATION STANDARDS INSTITUTE (ETSI)85
5.12SUPPLY CHAIN ANALYSIS85
FIGURE 24AI IN MANUFACTURING MARKET VALUE CHAIN85
5.13TECHNOLOGY ANALYSIS86
5.14KEY CONFERENCES AND EVENTS IN 2022-202387
TABLE 16AI IN MANUFACTURING MARKET: DETAILED LIST OF CONFERENCES &
EVENTS (2022–2023)87
5.15KEY STAKEHOLDER AND BUYING PROCESS AND/OR BUYING CRITERIA89
5.15.1KEY STAKEHOLDERS IN BUYING PROCESS89
FIGURE 25INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR
TOP 3 APPLICATIONS89
TABLE 17INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR
TOP 3 APPLICATIONS (%)89
5.15.2BUYING CRITERIA90
FIGURE 26KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS90
TABLE 18KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS90
6ARTIFICIAL INTELLIGENCE (AI) IN MANUFACTURING MARKET, BY OFFERING91
6.1INTRODUCTION92
FIGURE 27GLOBAL AI IN MANUFACTURING HARDWARE MARKET,
2020–2027 (MILLION UNITS)92
FIGURE 28SOFTWARE SEGMENT TO HOLD LARGEST SHARE OF AI IN MANUFACTURING MARKET DURING FORECAST PERIOD93
TABLE 19AI IN MANUFACTURING MARKET, BY OFFERING, 2018–2021 (USD MILLION)93
TABLE 20AI IN MANUFACTURING MARKET, BY OFFERING, 2022–2027 (USD MILLION)93
6.2HARDWARE94
TABLE 21AI IN MANUFACTURING MARKET, BY HARDWARE,
2018–2021 (USD MILLION)94
TABLE 22AI IN MANUFACTURING MARKET, BY HARDWARE,
2022–2027 (USD MILLION)94
TABLE 23AI IN MANUFACTURING MARKET FOR HARDWARE, BY REGION,
2018–2021 (USD MILLION)95
TABLE 24AI IN MANUFACTURING MARKET FOR HARDWARE, BY REGION,
2022–2027 (USD MILLION)95
6.2.1PROCESSOR95
6.2.1.1High parallel processing capabilities and computing power to fuel adoption of processors95
FIGURE 29GPU SUB-SEGMENT TO REGISTER HIGHEST CAGR
DURING FORECAST PERIOD96
TABLE 25AI IN MANUFACTURING MARKET, BY PROCESSOR,
2018–2021 (USD MILLION)96
TABLE 26AI IN MANUFACTURING MARKET, BY PROCESSOR,
2022–2027 (USD MILLION)96
6.2.1.1.1Microprocessor unit (MPU)97
6.2.1.1.2Graphics processing unit (GPU)97
6.2.1.1.3Field programmable gate array (FPGA)97
6.2.1.1.4Application-specific integrated circuit (ASIC)97
6.2.2MEMORY98
6.2.2.1Rising high-bandwidth memory requirements to drive market growth98
6.2.3NETWORK98
6.2.3.1Growing use of ethernet adaptors and interconnects to
drive market growth98
6.3SOFTWARE98
TABLE 27AI IN MANUFACTURING MARKET FOR OFFERING, BY SOFTWARE,
2018–2021 (USD MILLION)99
TABLE 28AI IN MANUFACTURING MARKET FOR OFFERING, BY SOFTWARE,
2022–2027 (USD MILLION)99
TABLE 29AI IN MANUFACTURING MARKET FOR SOFTWARE, BY REGION,
2018–2021 (USD MILLION)99
TABLE 30AI IN MANUFACTURING MARKET FOR SOFTWARE, BY REGION,
2022–2027 (USD MILLION)100
6.3.1AI SOLUTIONS100
6.3.1.1Rising use of list processing and programming in logic languages to fuel adoption of AI solutions100
TABLE 31AI IN MANUFACTURING MARKET FOR SOLUTIONS, BY DEPLOYMENT,
2018–2021 (USD MILLION)100
TABLE 32AI IN MANUFACTURING MARKET FOR SOLUTIONS, BY DEPLOYMENT,
2022–2027 (USD MILLION)101
6.3.1.2On-premise101
6.3.1.3Cloud101
6.3.2AI PLATFORM101
6.3.2.1Natural language processing, image recognition, voice recognition, and predictive analytics features to fuel adoption of AI platforms101
TABLE 33AI IN MANUFACTURING MARKET FOR SOFTWARE, BY PLATFORM,
2018–2021 (USD MILLION)102
TABLE 34AI IN MANUFACTURING MARKET FOR SOFTWARE, BY PLATFORM,
2022–2027 (USD MILLION)102
6.3.2.2Machine learning framework103
6.3.2.3Application program interface (API)103
6.4SERVICES103
TABLE 35AI IN MANUFACTURING MARKET, BY SERVICES, 2018–2021 (USD MILLION)103
TABLE 36AI IN MANUFACTURING MARKET, BY SERVICES, 2022–2027 (USD MILLION)104
TABLE 37AI IN MANUFACTURING MARKET FOR SERVICES, BY REGION,
2018–2021 (USD MILLION)104
TABLE 38AI IN MANUFACTURING MARKET FOR SERVICES, BY REGION,
2022–2027 (USD MILLION)104
6.4.1DEPLOYMENT AND INTEGRATION105
6.4.1.1Increasing demand for deployment and integration as a key service for configuring AI systems in manufacturing to drive market growth105
6.4.2SUPPORT AND MAINTENANCE105
6.4.2.1Growing demand for support and maintenance service to eliminate issues related to operations after installation and training to drive market growth105
7ARTIFICIAL INTELLIGENCE (AI) IN MANUFACTURING MARKET, BY TECHNOLOGY106
7.1INTRODUCTION107
FIGURE 30MACHINE LEARNING SEGMENT TO HOLD LARGEST SHARE OF
AI IN MANUFACTURING MARKET BETWEEN 2022 AND 2027107
TABLE 39AI IN MANUFACTURING MARKET, BY TECHNOLOGY,
2018–2021 (USD MILLION)108
TABLE 40AI IN MANUFACTURING MARKET, BY TECHNOLOGY,
2022–2027 (USD MILLION)108
7.2MACHINE LEARNING108
7.2.1ADVANCEMENTS IN DEEP LEARNING AND SUPERVISED LEARNING TECHNOLOGIES TO DRIVE MARKET GROWTH108
TABLE 41AI IN MANUFACTURING MARKET FOR MACHINE LEARNING, BY TYPE,
2018–2021 (USD MILLION)109
TABLE 42AI IN MANUFACTURING MARKET FOR MACHINE LEARNING, BY TYPE,
2022–2027 (USD MILLION)109
TABLE 43AI IN MANUFACTURING MARKET FOR MACHINE LEARNING, BY APPLICATION, 2018–2021 (USD MILLION)110
TABLE 44AI IN MANUFACTURING MARKET FOR MACHINE LEARNING, BY APPLICATION, 2022–2027 (USD MILLION)110
7.2.2DEEP LEARNING111
7.2.2.1Rapid adoption of robotics in manufacturing industry to drive growth of AI in manufacturing market for deep learning111
7.2.3SUPERVISED LEARNING112
7.2.3.1Image recognition and predictive and predictive analytics applications to play major role in market growth112
7.2.4REINFORCEMENT LEARNING112
7.2.4.1Ability of reinforcement learning to maximize performance of systems and software to drive market growth112
7.2.5UNSUPERVISED LEARNING112
7.2.5.1Capability of unsupervised learning to find patterns in large datasets to drive market growth112
7.2.6OTHERS113
7.3NATURAL LANGUAGE PROCESSING113
7.3.1DEVELOPMENTS IN NATURAL LANGUAGE PROCESSING FOR REAL-TIME TRANSLATION TO DRIVE MARKET GROWTH113
TABLE 45AI IN MANUFACTURING MARKET FOR NATURAL LANGUAGE PROCESSING,
BY APPLICATION, 2018–2021 (USD MILLION)114
TABLE 46AI IN MANUFACTURING MARKET FOR NATURAL LANGUAGE PROCESSING,
BY APPLICATION, 2022–2027 (USD MILLION)114
7.4CONTEXT-AWARE COMPUTING115
7.4.1DEVELOPMENT OF SOPHISTICATED HARD AND SOFT SENSORS TO BOOST GROWTH OF CONTEXT-AWARE COMPUTING SEGMENT115
TABLE 47AI IN MANUFACTURING MARKET FOR CONTEXT-AWARE COMPUTING, BY TYPE, 2018–2021 (USD MILLION)115
TABLE 48AI IN MANUFACTURING MARKET FOR CONTEXT-AWARE COMPUTING, BY TYPE, 2022–2027 (USD MILLION)116
TABLE 49AI IN MANUFACTURING MARKET FOR CONTEXT-AWARE COMPUTING,
BY APPLICATION, 2018–2021 (USD MILLION)116
TABLE 50AI IN MANUFACTURING MARKET FOR CONTEXT-AWARE COMPUTING,
BY APPLICATION, 2022–2027 (USD MILLION)117
7.5COMPUTER VISION117
7.5.1CAPABILITY OF COMPUTER VISION TO ANALYZE INFORMATION OF DIFFERENT GEOMETRIC SHAPES, VOLUMES, AND PATTERNS AND PROVIDE VISUAL FEEDBACK TO USERS TO FUEL MARKET GROWTH117
TABLE 51AI IN MANUFACTURING MARKET FOR COMPUTER VISION, BY APPLICATION, 2018–2021 (USD MILLION)118
TABLE 52AI IN MANUFACTURING MARKET FOR COMPUTER VISION, BY APPLICATION, 2022–2027 (USD MILLION)118
8ARTIFICIAL INTELLIGENCE (AI) IN MANUFACTURING MARKET,
BY APPLICATION119
8.1INTRODUCTION120
FIGURE 31PREDICTIVE MAINTENANCE AND MACHINERY INSPECTION SEGMENT TO HOLD LARGEST MARKET SHARE IN 2027120
TABLE 53AI IN MANUFACTURING MARKET, BY APPLICATION,
2018–2021 (USD MILLION)121
TABLE 54AI IN MANUFACTURING MARKET, BY APPLICATION,
2022–2027 (USD MILLION)121
8.2PREDICTIVE MAINTENANCE AND MACHINERY INSPECTION122
8.2.1EXTENSIVE USE OF COMPUTER VISION AND MACHINE LEARNING TECHNOLOGIES IN PREDICTIVE MAINTENANCE AND MACHINERY INSPECTION APPLICATION TO DRIVE MARKET GROWTH122
TABLE 55AI IN MANUFACTURING MARKET FOR PREDICTIVE MAINTENANCE AND MACHINERY INSPECTION, BY REGION, 2018–2021 (USD MILLION)122
TABLE 56AI IN MANUFACTURING MARKET FOR PREDICTIVE MAINTENANCE AND MACHINERY INSPECTION, BY REGION, 2022–2027 (USD MILLION)123
TABLE 57AI IN MANUFACTURING MARKET FOR PREDICTIVE MAINTENANCE AND MACHINERY INSPECTION, BY TECHNOLOGY, 2018–2021 (USD MILLION)123
TABLE 58AI IN MANUFACTURING MARKET FOR PREDICTIVE MAINTENANCE AND MACHINERY INSPECTION, BY TECHNOLOGY, 2022–2027 (USD MILLION)123
8.3INVENTORY OPTIMIZATION124
8.3.1CAPABILITY OF AI TO PERFORM IN-PLANT LOGISTICS IN MANUFACTURING INDUSTRY TO FUEL MARKET GROWTH FOR INVENTORY OPTIMIZATION124
FIGURE 32NORTH AMERICA HELD LARGEST SHARE OF AI IN MANUFACTURING MARKET FOR INVENTORY OPTIMIZATION IN 2021124
TABLE 59AI IN MANUFACTURING MARKET FOR INVENTORY OPTIMIZATION, BY REGION, 2018–2021 (USD MILLION)125
TABLE 60AI IN MANUFACTURING MARKET FOR INVENTORY OPTIMIZATION, BY REGION, 2022–2027 (USD MILLION)125
TABLE 61AI IN MANUFACTURING MARKET FOR INVENTORY OPTIMIZATION,
BY TECHNOLOGY, 2018–2021 (USD MILLION)125
TABLE 62AI IN MANUFACTURING MARKET FOR INVENTORY OPTIMIZATION,
BY TECHNOLOGY, 2022–2027 (USD MILLION)126
8.4PRODUCTION PLANNING126
8.4.1EXTENSIVE USE OF BIG DATA IN PRODUCTION PLANNING APPLICATION TO FUEL MARKET GROWTH126
TABLE 63AI IN MANUFACTURING MARKET FOR PRODUCTION PLANNING, BY REGION, 2018–2021 (USD MILLION)127
TABLE 64AI IN MANUFACTURING MARKET FOR PRODUCTION PLANNING, BY REGION, 2022–2027 (USD MILLION)127
TABLE 65AI IN MANUFACTURING MARKET FOR PRODUCTION PLANNING,
BY TECHNOLOGY, 2018–2021 (USD MILLION)127
TABLE 66AI IN MANUFACTURING MARKET FOR PRODUCTION PLANNING,
BY TECHNOLOGY, 2022–2027 (USD MILLION)128
8.5FIELD SERVICES128
8.5.1GROWING USE OF FIELD SERVICES IN HEAVY METALS & MACHINE MANUFACTURING, OIL & GAS, AND ENERGY & POWER INDUSTRIES TO
DRIVE MARKET GROWTH128
FIGURE 33NORTH AMERICA TO HOLD LARGEST SHARE OF AI MANUFACTURING MARKET FOR FIELD SERVICES DURING FORECAST PERIOD128
TABLE 67AI IN MANUFACTURING MARKET FOR FIELD SERVICES, BY REGION,
2018–2021 (USD MILLION)129
TABLE 68AI IN MANUFACTURING MARKET FOR FIELD SERVICES, BY REGION,
2022–2027 (USD MILLION)129
TABLE 69AI IN MANUFACTURING MARKET FOR FIELD SERVICES, BY TECHNOLOGY, 2018–2021 (USD MILLION)129
TABLE 70AI IN MANUFACTURING MARKET FOR FIELD SERVICES, BY TECHNOLOGY, 2022–2027 (USD MILLION)130
8.6QUALITY CONTROL130
8.6.1RISING ADOPTION OF AI-BASED QUALITY CONTROL SYSTEMS IN PHARMACEUTICAL, FOOD & BEVERAGE, AND SEMICONDUCTOR INDUSTRIES TO DRIVE MARKET GROWTH130
TABLE 71AI IN MANUFACTURING MARKET FOR QUALITY CONTROL, BY REGION,
2018–2021 (USD MILLION)131
TABLE 72AI IN MANUFACTURING MARKET FOR QUALITY CONTROL, BY REGION,
2022–2027 (USD MILLION)131
FIGURE 34MACHINE LEARNING TECHNOLOGY SEGMENT TO HOLD LARGEST
SHARE OF AI IN MANUFACTURING MARKET FOR QUALITY CONTROL FROM 2022 TO 2027131
TABLE 73AI IN MANUFACTURING MARKET FOR QUALITY CONTROL, BY TECHNOLOGY, 2018–2021 (USD MILLION)132
TABLE 74AI IN MANUFACTURING MARKET FOR QUALITY CONTROL, BY TECHNOLOGY, 2022–2027 (USD MILLION)132
8.7CYBERSECURITY132
8.7.1GROWING ADOPTION OF AUTOMATION IN WORK PROCESSES TO DRIVE MARKET GROWTH132
TABLE 75AI IN MANUFACTURING MARKET FOR CYBERSECURITY, BY REGION,
2018–2021 (USD MILLION)133
TABLE 76AI IN MANUFACTURING MARKET FOR CYBERSECURITY, BY REGION,
2022–2027 (USD MILLION)133
TABLE 77AI IN MANUFACTURING MARKET FOR CYBERSECURITY, BY TECHNOLOGY, 2018–2021 (USD MILLION)133
TABLE 78AI IN MANUFACTURING MARKET FOR CYBERSECURITY, BY TECHNOLOGY, 2022–2027 (USD MILLION)134
8.8INDUSTRIAL ROBOTS134
8.8.1RISING ADOPTION OF INDUSTRIAL ROBOTS IN MANUFACTURING INDUSTRY TO ACCELERATE PRODUCTION PROCESSES, ENHANCE EFFICIENCY, AND MINIMIZE PRODUCTION COSTS TO DRIVE MARKET GROWTH134
FIGURE 35APAC TO HOLD LARGEST SHARE OF AI IN MANUFACTURING MARKET FOR INDUSTRIAL ROBOTS APPLICATION DURING FORECAST PERIOD134
TABLE 79AI IN MANUFACTURING MARKET FOR INDUSTRIAL ROBOTS, BY REGION, 2018–2021 (USD MILLION)135
TABLE 80AI IN MANUFACTURING MARKET FOR INDUSTRIAL ROBOTS, BY REGION, 2022–2027 (USD MILLION)135
TABLE 81AI IN MANUFACTURING MARKET FOR INDUSTRIAL ROBOTS, BY TECHNOLOGY, 2018–2021 (USD MILLION)135
TABLE 82AI IN MANUFACTURING MARKET FOR INDUSTRIAL ROBOTS, BY TECHNOLOGY, 2022–2027 (USD MILLION)136
8.9RECLAMATION136
8.9.1GROWING ADOPTION OF COMPUTER VISION AND MACHINE LEARNING TECHNOLOGIES IN RECLAMATION APPLICATION TO ELIMINATE
HUMAN–MACHINE INTERACTION TO DRIVE MARKET GROWTH136
TABLE 83AI IN MANUFACTURING MARKET FOR RECLAMATION, BY REGION,
2018–2021 (USD MILLION)136
TABLE 84AI IN MANUFACTURING MARKET FOR RECLAMATION, BY REGION,
2022–2027 (USD MILLION)137
TABLE 85AI IN MANUFACTURING MARKET FOR RECLAMATION, BY TECHNOLOGY, 2018–2021 (USD MILLION)137
TABLE 86AI IN MANUFACTURING MARKET FOR RECLAMATION, BY TECHNOLOGY, 2022–2027 (USD MILLION)137
9ARTIFICIAL INTELLIGENCE (AI) IN MANUFACTURING MARKET, BY INDUSTRY138
9.1INTRODUCTION139
FIGURE 36AUTOMOTIVE SEGMENT HELD LARGEST SHARE OF AI IN MANUFACTURING MARKET IN 2022139
TABLE 87AI IN MANUFACTURING MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)140
TABLE 88AI IN MANUFACTURING MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)140
9.2AUTOMOTIVE141
9.2.1INCREASED DEPLOYMENT OF MACHINE LEARNING AND COMPUTER VISION TECHNOLOGIES IN AUTOMOTIVE INDUSTRY TO DRIVE MARKET GROWTH141
TABLE 89AI IN MANUFACTURING MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 2018–2021 (USD MILLION)141
TABLE 90AI IN MANUFACTURING MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 2022–2027 (USD MILLION)142
9.3ENERGY & POWER142
9.3.1GROWING USE OF AI-BASED SOLUTIONS IN ENERGY & POWER INDUSTRY TO INCREASE PRODUCTION OUTPUT AND REDUCE DOWNTIME TO
DRIVE MARKET GROWTH142
FIGURE 37ASIA PACIFIC TO HOLD LARGEST SHARE OF AI IN MANUFACTURING MARKET FOR ENERGY & POWER INDUSTRY BY 2027143
TABLE 91AI IN MANUFACTURING MARKET FOR ENERGY & POWER INDUSTRY,
BY REGION, 2018–2021 (USD MILLION)143
TABLE 92AI IN MANUFACTURING MARKET FOR ENERGY & POWER INDUSTRY,
BY REGION, 2022–2027 (USD MILLION)144
9.4PHARMACEUTICAL144
9.4.1EXTENSIVE USAGE OF COMPUTER VISION TECHNOLOGY FOR QUALITY CONTROL APPLICATION IN PHARMACEUTICAL INDUTRY TO DRIVE
MARKET GROWTH144
TABLE 93AI IN MANUFACTURING MARKET FOR PHARMACEUTICAL INDUSTRY,
BY REGION, 2018–2021 (USD MILLION)144
TABLE 94AI IN MANUFACTURING MARKET FOR PHARMACEUTICAL INDUSTRY,
BY REGION, 2022–2027 (USD MILLION)145
9.5HEAVY METALS & MACHINE MANUFACTURING145
9.5.1INCREASED USE OF ROBOTICS IN HEAVY METALS & MACHINE MANUFACTURING INDUSTRY TO DRIVE MARKET GROWTH145
FIGURE 38ASIA PACIFIC TO HOLD LARGEST SHARE OF AI IN MANUFACTURING MARKET FOR HEAVY METALS & MACHINE MANUFACTURING INDUSTRY DURING FORECAST PERIOD146
TABLE 95AI IN MANUFACTURING MARKET FOR HEAVY METALS & MACHINE MANUFACTURING INDUSTRY, BY REGION, 2018–2021 (USD MILLION)146
TABLE 96AI IN MANUFACTURING MARKET FOR HEAVY METALS & MACHINE MANUFACTURING INDUSTRY, BY REGION, 2022–2027 (USD MILLION)147
9.6SEMICONDUCTOR & ELECTRONICS147
9.6.1INCREASED USE OF COMPUTER VISION TECHNOLOGY IN SEMICONDUCTOR & ELECTRONICS INDUSTRY TO DRIVE MARKET GROWTH147
TABLE 97AI IN MANUFACTURING MARKET FOR SEMICONDUCTOR & ELECTRONICS INDUSTRY, BY REGION, 2018–2021 (USD MILLION)148
TABLE 98AI IN MANUFACTURING MARKET FOR SEMICONDUCTOR & ELECTRONICS INDUSTRY, BY REGION, 2022–2027 (USD MILLION)148
9.7FOOD & BEVERAGE148
9.7.1GROWING ADOPTION OF INDUSTRIAL ROBOTS, IOT, AND BIG DATA IN
FOOD & BEVERAGE INDUSTRY TO FUEL MARKET GROWTH148
TABLE 99AI IN MANUFACTURING MARKET FOR FOOD & BEVERAGE INDUSTRY,
BY REGION, 2018–2021 (USD MILLION)149
TABLE 100AI IN MANUFACTURING MARKET FOR FOOD & BEVERAGE INDUSTRY,
BY REGION, 2022–2027 (USD MILLION)149
9.8OTHERS149
TABLE 101AI IN MANUFACTURING MARKET FOR OTHERS, BY REGION,
2018–2021 (USD MILLION)150
TABLE 102AI IN MANUFACTURING MARKET FOR OTHERS, BY REGION,
2022–2027 (USD MILLION)150
10GEOGRAPHIC ANALYSIS151
10.1INTRODUCTION152
FIGURE 39CHINA, SOUTH KOREA, AND US ARE EMERGING AS NEW HOTSPOTS
IN AI IN MANUFACTURING MARKET152
FIGURE 40APAC TO DOMINATE AI IN MANUFACTURING MARKET
DURING FORECAST PERIOD153
TABLE 103AI IN MANUFACTURING MARKET, BY REGION, 2018–2021 (USD MILLION)153
TABLE 104AI IN MANUFACTURING MARKET, BY REGION, 2022–2027 (USD MILLION)153
10.2NORTH AMERICA154
FIGURE 41SNAPSHOT: AI IN MANUFACTURING MARKET IN NORTH AMERICA154
TABLE 105AI IN MANUFACTURING MARKET IN NORTH AMERICA, BY COUNTRY,
2018–2021 (USD MILLION)155
TABLE 106AI IN MANUFACTURING MARKET IN NORTH AMERICA, BY COUNTRY,
2022–2027 (USD MILLION)155
TABLE 107AI IN MANUFACTURING MARKET IN NORTH AMERICA FOR HARDWARE,
BY COUNTRY, 2018–2021 (USD MILLION)155
TABLE 108AI IN MANUFACTURING MARKET IN NORTH AMERICA FOR HARDWARE,
BY COUNTRY, 2022–2027 (USD MILLION)156
TABLE 109AI IN MANUFACTURING MARKET IN NORTH AMERICA FOR SOFTWARE,
BY COUNTRY, 2018–2021 (USD MILLION)156
TABLE 110AI IN MANUFACTURING MARKET IN NORTH AMERICA FOR SOFTWARE,
BY COUNTRY, 2022–2027 (USD MILLION)156
TABLE 111AI IN MANUFACTURING MARKET IN NORTH AMERICA FOR SERVICES,
BY COUNTRY, 2018–2021 (USD MILLION)157
TABLE 112AI IN MANUFACTURING MARKET IN NORTH AMERICA FOR SERVICES,
BY COUNTRY, 2022–2027 (USD MILLION)157
TABLE 113AI IN MANUFACTURING MARKET IN NORTH AMERICA, BY INDUSTRY,
2018–2021 (USD MILLION)157
TABLE 114AI IN MANUFACTURING MARKET IN NORTH AMERICA, BY INDUSTRY,
2022–2027 (USD MILLION)158
10.2.1US158
10.2.1.1Speedy adoption of IIoT and industrial robots is boosting
adoption of AI158
TABLE 115AI IN MANUFACTURING MARKET IN US, BY OFFERING,
2018–2021 (USD MILLION)159
TABLE 116AI IN MANUFACTURING MARKET IN US, BY OFFERING,
2022–2027 (USD MILLION)159
10.2.2CANADA159
10.2.2.1Emergence of various AI-based startups is supporting growth of
AI in manufacturing market in Canada159
TABLE 117AI IN MANUFACTURING MARKET IN CANADA, BY OFFERING,
2018–2021 (USD MILLION)160
TABLE 118AI IN MANUFACTURING MARKET IN CANADA, BY OFFERING,
2022–2027 (USD MILLION)160
10.2.3MEXICO160
10.2.3.1Inflow of investments in manufacturing sector fosters
market growth in Mexico160
TABLE 119AI IN MANUFACTURING MARKET IN MEXICO, BY OFFERING,
2018–2021 (USD MILLION)160
TABLE 120AI IN MANUFACTURING MARKET IN MEXICO, BY OFFERING,
2022–2027 (USD MILLION)161
10.3EUROPE161
FIGURE 42SNAPSHOT: AI IN MANUFACTURING MARKET IN EUROPE162
TABLE 121AI IN MANUFACTURING MARKET IN EUROPE, BY COUNTRY,
2018–2021 (USD MILLION)163
TABLE 122AI IN MANUFACTURING MARKET IN EUROPE, BY COUNTRY,
2022–2027 (USD MILLION)163
FIGURE 43GERMANY HELD LARGEST SHARE OF AI IN MANUFACTURING MARKET IN EUROPE FOR HARDWARE IN 2021163
TABLE 123AI IN MANUFACTURING MARKET IN EUROPE FOR HARDWARE, BY COUNTRY, 2018–2021 (USD MILLION)164
TABLE 124AI IN MANUFACTURING MARKET IN EUROPE FOR HARDWARE, BY COUNTRY, 2022–2027 (USD MILLION)164
TABLE 125AI IN MANUFACTURING MARKET IN EUROPE FOR SOFTWARE, BY COUNTRY, 2018–2021 (USD MILLION)165
TABLE 126AI IN MANUFACTURING MARKET IN EUROPE FOR SOFTWARE, BY COUNTRY, 2022–2027 (USD MILLION)165
TABLE 127AI IN MANUFACTURING MARKET IN EUROPE FOR SERVICES, BY COUNTRY, 2018–2021 (USD MILLION)165
TABLE 128AI IN MANUFACTURING MARKET IN EUROPE FOR SERVICES, BY COUNTRY, 2022–2027(USD MILLION)166
TABLE 129AI IN MANUFACTURING MARKET IN EUROPE, BY INDUSTRY,
2018–2021 (USD MILLION)166
TABLE 130AI IN MANUFACTURING MARKET IN EUROPE, BY INDUSTRY,
2022–2027 (USD MILLION)167
10.3.1GERMANY167
10.3.1.1Implementation of big data in manufacturing plants has resulted in adoption of AI-based solutions in Germany167
TABLE 131AI IN MANUFACTURING MARKET IN GERMANY, BY OFFERING,
2018–2021 (USD MILLION)168
TABLE 132AI IN MANUFACTURING MARKET IN GERMANY, BY OFFERING,
2022–2027 (USD MILLION)168
10.3.2UK168
10.3.2.1Favorable environment for R&D has led to innovations in field of AI in manufacturing in UK168
TABLE 133AI IN MANUFACTURING MARKET IN UK, BY OFFERING,
2018–2021 (USD MILLION)169
TABLE 134AI IN MANUFACTURING MARKET IN UK, BY OFFERING,
2022–2027 (USD MILLION)169
10.3.3FRANCE169
10.3.3.1Proliferation of AI startups augments market growth in France169
TABLE 135AI IN MANUFACTURING MARKET IN FRANCE, BY OFFERING,
2018–2021 (USD MILLION)170
TABLE 136AI IN MANUFACTURING MARKET IN FRANCE, BY OFFERING,
2022–2027 (USD MILLION)170
10.3.4ITALY170
10.3.4.1Adoption of smart factory and AI-based solutions by manufacturers spurs market growth in Italy170
TABLE 137AI IN MANUFACTURING MARKET IN ITALY, BY OFFERING,
2018–2021 (USD MILLION)171
TABLE 138AI IN MANUFACTURING MARKET IN ITALY, BY OFFERING,
2022–2027 (USD MILLION)171
10.3.5SPAIN171
10.3.5.1Accelerating adoption of AI-based predictive maintenance system in manufacturing sector in Spain spurs market growth171
TABLE 139AI IN MANUFACTURING MARKET IN SPAIN, BY OFFERING,
2018–2021 (USD MILLION)172
TABLE 140AI IN MANUFACTURING MARKET IN SPAIN, BY OFFERING,
2022–2027 (USD MILLION)172
10.3.6REST OF EUROPE172
TABLE 141AI IN MANUFACTURING MARKET IN REST OF EUROPE, BY OFFERING,
2018–2021 (USD MILLION)172
TABLE 142AI IN MANUFACTURING MARKET IN REST OF EUROPE, BY OFFERING,
2022–2027 (USD MILLION)173
10.4APAC173
FIGURE 44SNAPSHOT: AI IN MANUFACTURING MARKET IN ASIA PACIFIC174
TABLE 143AI IN MANUFACTURING MARKET IN APAC, BY COUNTRY,
2018–2021 (USD MILLION)175
TABLE 144AI IN MANUFACTURING MARKET IN APAC, BY COUNTRY,
2022–2027 (USD MILLION)175
TABLE 145AI IN MANUFACTURING MARKET IN APAC FOR HARDWARE, BY COUNTRY, 2018–2021 (USD MILLION)175
TABLE 146AI IN MANUFACTURING MARKET IN APAC FOR HARDWARE, BY COUNTRY, 2022–2027 (USD MILLION)176
TABLE 147AI IN MANUFACTURING MARKET IN APAC FOR SOFTWARE, BY COUNTRY, 2018–2021 (USD MILLION)176
TABLE 148AI IN MANUFACTURING MARKET IN APAC FOR SOFTWARE, BY COUNTRY, 2022–2027 (USD MILLION)176
TABLE 149AI IN MANUFACTURING MARKET IN APAC FOR SERVICES, BY COUNTRY, 2018–2021 (USD MILLION)177
TABLE 150AI IN MANUFACTURING MARKET IN APAC FOR SERVICES, BY COUNTRY, 2022–2027 (USD MILLION)177
TABLE 151AI IN MANUFACTURING MARKET IN APAC, BY INDUSTRY,
2018–2021 (USD MILLION)177
TABLE 152AI IN MANUFACTURING MARKET IN APAC, BY INDUSTRY,
2022–2027 (USD MILLION)178
10.4.1CHINA178
10.4.1.1Rapid adoption of AI in well-established manufacturing sector underpins market growth in China178
TABLE 153AI IN MANUFACTURING MARKET IN CHINA, BY OFFERING,
2018–2021 (USD MILLION)179
TABLE 154AI IN MANUFACTURING MARKET IN CHINA, BY OFFERING,
2022–2027 (USD MILLION)179
10.4.2JAPAN179
10.4.2.1Presence of world-leading manufacturing companies boosts AI in manufacturing market growth in Japan179
TABLE 155AI IN MANUFACTURING MARKET IN JAPAN, BY OFFERING,
2018–2021 (USD MILLION)180
TABLE 156AI IN MANUFACTURING MARKET IN JAPAN, BY OFFERING,
2022–2027 (USD MILLION)180
10.4.3SOUTH KOREA180
10.4.3.1Introduction of automation in manufacturing industries is driving market for AI in manufacturing in South Korea180
TABLE 157AI IN MANUFACTURING MARKET IN SOUTH KOREA, BY OFFERING,
2018–2021 (USD MILLION))181
TABLE 158AI IN MANUFACTURING MARKET IN SOUTH KOREA, BY OFFERING,
2022–2027 (USD MILLION)181
10.4.4INDIA181
10.4.4.1AI in manufacturing industry is still in its nascent stage in India181
TABLE 159AI IN MANUFACTURING MARKET IN INDIA, BY OFFERING,
2018–2021 (USD MILLION)182
TABLE 160AI IN MANUFACTURING MARKET IN INDIA, BY OFFERING,
2022–2027 (USD MILLION)182
10.4.5REST OF APAC182
TABLE 161AI IN MANUFACTURING MARKET IN REST OF APAC, BY OFFERING,
2018–2021 (USD MILLION)183
TABLE 162AI IN MANUFACTURING MARKET IN REST OF APAC, BY OFFERING,
2022–2027 (USD MILLION)183
10.5ROW183
FIGURE 45SNAPSHOT: AI IN MANUFACTURING MARKET IN ROW184
TABLE 163AI IN MANUFACTURING MARKET IN ROW, BY REGION,
2018–2021 (USD MILLION)184
TABLE 164AI IN MANUFACTURING MARKET IN ROW, BY REGION,
2022–2027 (USD MILLION)184
TABLE 165AI IN MANUFACTURING MARKET IN ROW FOR HARDWARE, BY REGION, 2018–2021(USD MILLION)185
TABLE 166AI IN MANUFACTURING MARKET IN ROW FOR HARDWARE, BY REGION, 2022–2027 (USD MILLION)185
TABLE 167AI IN MANUFACTURING MARKET IN ROW FOR SOFTWARE, BY REGION,
2018–2021 (USD MILLION)185
TABLE 168AI IN MANUFACTURING MARKET IN ROW FOR SOFTWARE, BY REGION,
2022–2027 (USD MILLION)185
TABLE 169AI IN MANUFACTURING MARKET IN ROW FOR SERVICES, BY REGION,
2018–2021 (USD MILLION)186
TABLE 170AI IN MANUFACTURING MARKET IN ROW FOR SERVICES, BY REGION,
2022–2027 (USD MILLION)186
TABLE 171AI IN MANUFACTURING MARKET IN ROW, BY INDUSTRY,
2018–2021 (USD MILLION)186
TABLE 172AI IN MANUFACTURING MARKET IN ROW, BY INDUSTRY,
2022–2027 (USD MILLION)187
10.5.1SOUTH AMERICA187
10.5.1.1Surging investments in IT infrastructure to favor AI in manufacturing market growth in South America187
TABLE 173AI IN MANUFACTURING MARKET IN SOUTH AMERICA, BY OFFERING,
2018–2021 (USD MILLION)187
TABLE 174AI IN MANUFACTURING MARKET
Increasing adoption of AI has been observed as a new driver for semiconductor chipset manufacturers in the past few years. GPU/CPU manufacturers, such as NVIDIA, AMD, Intel, Qualcomm, Huawei, and Samsung, have significantly invested in AI hardware for the development of chipsets that are compatible with AI-based technologies and solutions. Apart from CPUs and GPUs, application-specific integrated circuits (ASICs) and field-programmable gate arrays (FPGAs) are being developed for AI applications. For instance, Google has built a new ASIC called “tensor processing unit” (TPU).
Compute-intensive chipset is among the critical parameters for processing AI algorithms; the faster the chipset, the quicker it can process data required to create an AI system. Currently, AI chipsets are mostly deployed in data centers/high-end servers as end computers are currently incapable of handling such huge workloads and do not have enough power and time frame. NVIDIA has a range of GPUs that offer GPU memory bandwidth based on application. For example, GeForce GTX Titan X offers memory bandwidth of 336.5 GB/s and is mostly deployed in desktops, while Tesla V100 16 GB offers memory bandwidth of 900 GB/s and is used in AI applications.
Application of AI for intelligent business processes
Rigid and rule-based software currently governs a majority of business processes in an organization, offering limited abilities to handle critical problems. These processes are time-consuming and require employees to work on repetitive tasks, hampering the productivity of the employees and the overall performance of the organization. Machine Learning and Natural Language Processing tools generated on AI platforms can help enterprises overcome such challenges with self-learning algorithms, which can reveal new patterns and solutions. Most organizations use enterprise software, which make the use of rule-based processing to automate business processes.
This task-based automation has helped organizations in improving their productivity in a few specific processes but such rule-based software cannot self-learn and improve with experience. The integration of AI tools, such as NLP and ML, generated on AI platform for enterprise software systems, enable the software to gain mastery while solving individual processes. This software would be able to provide improved performance and productivity to enterprises over time, instead of providing a one-time boost. All these factors are said to have fueled the demand for intelligent business processes and act as opportunities for the growth of the AI in manufacturing market.
Increasing global demand for energy and power is influencing energy and power companies to adopt AI-based solutions
The increasing global demand for energy and power is influencing energy and power companies to adopt AI-based solutions that can help boost production output with minimum maintenance and reduced downtime. Maintenance and inspection are the major issues, along with material movement, in a thermal plant as the material needs to travel a long distance inside the plant. Besides, equipment used in this industry, such as turbines, conveyer belts, grids, and voltage transformers, are costly.
Moreover, there are issues related to fuel mix, ambient temperature, air quality, moisture, load, weather forecast models, and market pricing in the power industry. By using AI-based technologies, these issues can be resolved and predicted in the early stages. AI-based technologies used in energy plants comprise physics insights, engineering design knowledge, and new inspection technologies, which are ideal for predictive maintenance and machinery inspections. The AI technologies work in 2 layers. First, by recognizing the pattern, and second, by learning the models. Early-stage pattern recognition notifies about impending failures.
The breakup of primaries conducted during the study is depicted below:
•By Company Type: Tier 1 – 55 %, Tier 2 – 25%, and Tier 3 –20%
•By Designation: C-Level Executives – 60%, Directors – 20%, and Others – 20%
•By Region: North America– 40%, Europe – 30%, APAC – 20%, South America – 7% and Middle East and Africa - 3%
The key players operating in the artificial intelligence in Manufacturing market include NVIDIA (US), IBM (US), Intel (US), Siemens (Germany), General Electric (US), Google (US), Microsoft Corporation (US), and Micron Technology (US).
Research Coverage
The report segments the Artificial intelligence in Manufacturing market and forecasts its size, by value, based on region (North America, Europe, Asia Pacific, and RoW), Application ( predictive maintenance and machinery inspection, inventory optimization, production planning, field services, quality control, cybersecurity, industrial robots and reclamation), Technology (machine learning, natural language processing, context-aware computing, computer vision), Offering ( hardware, software and services) and Industry (automotive, energy & power, semiconductor & electronics, pharmaceutical, heavy metals & machine manufacturing, food & beverage and others (textile, aerospace and mining)). The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the head-up display market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
Key Benefits of Buying This Report
•This report includes market statistics pertaining to the offering, technology, industry, application, and region.
•An in-depth value chain analysis has been done to provide deep insight into the artificial intelligence in manufacturing market.
•Major market drivers, restraints, challenges, and opportunities have been detailed in this report.
•Illustrative segmentation, analyses, and forecasts for the market based on offering, technology, industry, application, and region have been conducted to provide an overall view of the the artificial intelligence in manufacturing market.
•The report includes an in-depth analysis and ranking of key players.
1INTRODUCTION34
1.1STUDY OBJECTIVES34
1.2MARKET DEFINITION34
1.2.1INCLUSIONS AND EXCLUSIONS34
1.3STUDY SCOPE35
1.3.1MARKETS COVERED35
1.3.2YEARS CONSIDERED36
1.4CURRENCY36
1.5STAKEHOLDERS36
1.6SUMMARY OF CHANGES37
2RESEARCH METHODOLOGY38
2.1RESEARCH DATA38
FIGURE 1ARTIFICIAL INTELLIGENCE IN MANUFACTURING MARKET: RESEARCH DESIGN38
2.1.1SECONDARY AND PRIMARY RESEARCH40
2.1.1.1Key industry insights40
2.1.2SECONDARY DATA41
2.1.2.1List of major secondary sources41
2.1.2.2Secondary sources42
2.1.3PRIMARY DATA42
2.1.3.1Primary interviews with experts42
2.1.3.2Breakdown of primaries43
2.1.3.3Primary sources43
2.2MARKET SIZE ESTIMATION44
2.2.1BOTTOM-UP APPROACH44
FIGURE 2MARKET SIZE ESTIMATION OF AI IN MANUFACTURING MARKET (BOTTOM-UP)44
2.2.1.1Estimating market size by bottom-up approach (demand side)44
FIGURE 3MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH45
2.2.2TOP-DOWN APPROACH45
FIGURE 4MARKET SIZE ESTIMATION OF AI IN MANUFACTURING MARKET (TOP-DOWN)45
2.2.2.1Approach for capturing the market share by top-down analysis (supply side)46
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH46
2.3MARKET BREAKDOWN AND DATA TRIANGULATION47
FIGURE 6DATA TRIANGULATION47
2.4RESEARCH ASSUMPTIONS48
TABLE 1ASSUMPTIONS FOR RESEARCH STUDY48
2.5RISK ASSESSMENT49
2.5.1AI IN MANUFACTURING MARKET: LIMITATIONS AND ASSOCIATED RISKS49
TABLE 2LIMITATIONS AND ASSOCIATED RISKS49
2.6LIMITATIONS50
FIGURE 7LIMITATIONS FOR RESEARCH STUDY50
TABLE 3MARKET FORECASTING METHODOLOGY ADOPTED FROM 2022 TO 202750
3EXECUTIVE SUMMARY51
FIGURE 8SOFTWARE SEGMENT TO HOLD LARGEST SHARE OF AI IN MANUFACTURING MARKET DURING FORECAST PERIOD52
FIGURE 9MACHINE LEARNING SEGMENT TO HOLD LARGEST SHARE OF AI IN MANUFACTURING MARKET DURING FORECAST PERIOD52
FIGURE 10PREDICTIVE MAINTENANCE AND MACHINERY INSPECTION APPLICATION SEGMENT TO HOLD LARGEST SHARE OF AI IN MANUFACTURING MARKET DURING FORECAST PERIOD53
FIGURE 11AUTOMOTIVE INDUSTRY TO HOLD LARGEST SHARE OF AI IN MANUFACTURING MARKET DURING FORECAST PERIOD53
FIGURE 12ASIA PACIFIC TO REGISTER HIGHEST CAGR IN AI IN MANUFACTURING MARKET DURING FORECAST PERIOD54
3.1COVID-19 IMPACT ANALYSIS: AI IN MANUFACTURING MARKET55
FIGURE 13PRE- AND POST-COVID-19 SCENARIO ANALYSIS FOR AI IN
MANUFACTURING MARKET55
3.1.1REALISTIC SCENARIO (POST-COVID-19)55
3.1.2OPTIMISTIC SCENARIO (POST-COVID-19)55
3.1.3PESSIMISTIC SCENARIO (POST-COVID-19)55
4PREMIUM INSIGHTS56
4.1ATTRACTIVE OPPORTUNITIES IN AI IN MANUFACTURING MARKET56
FIGURE 14RISING INDUSTRIAL AUTOMATION TO DRIVE MARKET GROWTH56
4.2AI IN MANUFACTURING MARKET, BY OFFERING56
FIGURE 15SOFTWARE SEGMENT TO HOLD LARGEST SHARE OF AI IN MANUFACTURING MARKET DURING FORECAST PERIOD56
4.3AI IN MANUFACTURING MARKET, BY TECHNOLOGY57
FIGURE 16MACHINE LEARNING SEGMENT TO HOLD LARGEST SHARE OF AI IN MANUFACTURING MARKET FROM 2022 TO 202757
4.4ASIA PACIFIC AI IN MANUFACTURING MARKET, BY INDUSTRY AND COUNTRY58
FIGURE 17AUTOMOTIVE SEGMENT AND CHINA HELD LARGEST SHARES OF ASIA PACIFIC AI IN MANUFACTURING MARKET IN 202158
4.5AI IN MANUFACTURING MARKET, BY COUNTRY59
FIGURE 18SPAIN TO REGISTER HIGHEST CAGR IN AI IN MANUFACTURING MARKET BETWEEN 2022 AND 2027 (IN TERMS OF VALUE)59
5MARKET OVERVIEW60
5.1INTRODUCTION60
5.2MARKET DYNAMICS61
FIGURE 19INCREASINGLY LARGE AND COMPLEX DATASETS AND INDUSTRY TRENDS SUCH AS IOT AND AUTOMATION ARE DRIVING MARKET GROWTH61
5.2.1DRIVERS62
5.2.1.1Intensifying need to handle increasingly large and complex dataset62
5.2.1.2Evolving industrial IoT and automation technologies62
5.2.1.3Improving computing power of AI chipsets63
5.2.1.4Increasing venture capital investments in manufacturing AI space64
5.2.2RESTRAINTS64
5.2.2.1Reluctance among manufacturers to adopt AI-based technologies64
5.2.3OPPORTUNITIES65
5.2.3.1Growing focus on boosting operational efficiency of
manufacturing plants65
5.2.3.2Application of AI for intelligent business processes65
5.2.3.3Adoption of automation technologies to mitigate effects of COVID-1966
5.2.4CHALLENGES66
5.2.4.1Limited availability of skilled workforce, especially in
developing countries66
5.2.4.2Concerns regarding data privacy67
5.3PORTER’S FIVE FORCES ANALYSIS67
5.3.1BARGAINING POWER OF SUPPLIERS67
5.3.2BARGAINING POWER OF BUYERS67
5.3.3THREAT OF NEW ENTRANTS68
5.3.4THREAT OF SUBSTITUTES68
5.3.5INTENSITY OF COMPETITIVE RIVALRY68
TABLE 4IMPACT OF EACH FORCE ON AI IN MANUFACTURING MARKET68
5.4PRICING ANALYSIS69
FIGURE 20ASP OF PROCESSORS, 2018–2021 (USD)69
TABLE 5ASP RANGE OF PROCESSOR TYPES, 2018–2021 (USD)69
5.5TRADE ANALYSIS69
5.5.1EXPORT SCENARIO OF AUTOMATIC DATA PROCESSING MACHINES69
TABLE 6AUTOMATIC DATA PROCESSING MACHINES EXPORT, BY KEY COUNTRY, 2016–2020 (USD THOUSAND)70
5.5.2IMPORT SCENARIO OF AUTOMATIC DATA PROCESSING MACHINES70
TABLE 7IMPORT DATA: AUTOMATIC DATA PROCESSING MACHINES, BY KEY COUNTRY, 2016–2020 (USD THOUSAND)70
5.6TARIFFS AND REGULATORY LANDSCAPE71
5.6.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS71
TABLE 8NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS71
TABLE 9EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS71
TABLE 10ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS72
TABLE 11REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS72
5.7AI ECOSYSTEM73
FIGURE 21AI IN MANUFACTURING MARKET: ECOSYSTEM ANALYSIS73
TABLE 12AI IN MANUFACTURING MARKET ECOSYSTEM74
5.8AI IN MANUFACTURING MARKET: CASE STUDIES75
5.8.1SIEMENS GAMESA USES FUJITSU’S AI SOLUTION TO ACCELERATE INSPECTION OF TURBINE BLADES75
5.8.2VOLVO USES MACHINE LEARNING-DRIVEN DATA ANALYTICS FOR PREDICTING BREAKDOWN AND FAILURES75
5.8.3ROLLS-ROYCE IS USING MICROSOFT CORTANA INTELLIGENCE FOR PREDICTIVE MAINTENANCE75
5.8.4PAPER PACKAGING FIRM USED SIGHT MACHINE’S ENTERPRISE MANUFACTURING ANALYTICS TO IMPROVE PRODUCTION76
5.9PATENT ANALYSIS76
FIGURE 22NUMBER OF PATENTS GRANTED PER YEAR OVER LAST 10 YEARS76
TABLE 13TOP 20 PATENT OWNERS76
FIGURE 23TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS77
TABLE 14IMPORTANT PATENT REGISTRATIONS, 2015–202078
5.10REVENUE SHIFT IN AI IN MANUFACTURING MARKET83
5.11REGULATORY STANDARDS84
5.11.1STANDARDS IN ITS/C-ITS85
TABLE 15SECURITY AND PRIVACY STANDARDS DEVELOPED BY EUROPEAN TELECOMMUNICATION STANDARDS INSTITUTE (ETSI)85
5.12SUPPLY CHAIN ANALYSIS85
FIGURE 24AI IN MANUFACTURING MARKET VALUE CHAIN85
5.13TECHNOLOGY ANALYSIS86
5.14KEY CONFERENCES AND EVENTS IN 2022-202387
TABLE 16AI IN MANUFACTURING MARKET: DETAILED LIST OF CONFERENCES &
EVENTS (2022–2023)87
5.15KEY STAKEHOLDER AND BUYING PROCESS AND/OR BUYING CRITERIA89
5.15.1KEY STAKEHOLDERS IN BUYING PROCESS89
FIGURE 25INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR
TOP 3 APPLICATIONS89
TABLE 17INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR
TOP 3 APPLICATIONS (%)89
5.15.2BUYING CRITERIA90
FIGURE 26KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS90
TABLE 18KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS90
6ARTIFICIAL INTELLIGENCE (AI) IN MANUFACTURING MARKET, BY OFFERING91
6.1INTRODUCTION92
FIGURE 27GLOBAL AI IN MANUFACTURING HARDWARE MARKET,
2020–2027 (MILLION UNITS)92
FIGURE 28SOFTWARE SEGMENT TO HOLD LARGEST SHARE OF AI IN MANUFACTURING MARKET DURING FORECAST PERIOD93
TABLE 19AI IN MANUFACTURING MARKET, BY OFFERING, 2018–2021 (USD MILLION)93
TABLE 20AI IN MANUFACTURING MARKET, BY OFFERING, 2022–2027 (USD MILLION)93
6.2HARDWARE94
TABLE 21AI IN MANUFACTURING MARKET, BY HARDWARE,
2018–2021 (USD MILLION)94
TABLE 22AI IN MANUFACTURING MARKET, BY HARDWARE,
2022–2027 (USD MILLION)94
TABLE 23AI IN MANUFACTURING MARKET FOR HARDWARE, BY REGION,
2018–2021 (USD MILLION)95
TABLE 24AI IN MANUFACTURING MARKET FOR HARDWARE, BY REGION,
2022–2027 (USD MILLION)95
6.2.1PROCESSOR95
6.2.1.1High parallel processing capabilities and computing power to fuel adoption of processors95
FIGURE 29GPU SUB-SEGMENT TO REGISTER HIGHEST CAGR
DURING FORECAST PERIOD96
TABLE 25AI IN MANUFACTURING MARKET, BY PROCESSOR,
2018–2021 (USD MILLION)96
TABLE 26AI IN MANUFACTURING MARKET, BY PROCESSOR,
2022–2027 (USD MILLION)96
6.2.1.1.1Microprocessor unit (MPU)97
6.2.1.1.2Graphics processing unit (GPU)97
6.2.1.1.3Field programmable gate array (FPGA)97
6.2.1.1.4Application-specific integrated circuit (ASIC)97
6.2.2MEMORY98
6.2.2.1Rising high-bandwidth memory requirements to drive market growth98
6.2.3NETWORK98
6.2.3.1Growing use of ethernet adaptors and interconnects to
drive market growth98
6.3SOFTWARE98
TABLE 27AI IN MANUFACTURING MARKET FOR OFFERING, BY SOFTWARE,
2018–2021 (USD MILLION)99
TABLE 28AI IN MANUFACTURING MARKET FOR OFFERING, BY SOFTWARE,
2022–2027 (USD MILLION)99
TABLE 29AI IN MANUFACTURING MARKET FOR SOFTWARE, BY REGION,
2018–2021 (USD MILLION)99
TABLE 30AI IN MANUFACTURING MARKET FOR SOFTWARE, BY REGION,
2022–2027 (USD MILLION)100
6.3.1AI SOLUTIONS100
6.3.1.1Rising use of list processing and programming in logic languages to fuel adoption of AI solutions100
TABLE 31AI IN MANUFACTURING MARKET FOR SOLUTIONS, BY DEPLOYMENT,
2018–2021 (USD MILLION)100
TABLE 32AI IN MANUFACTURING MARKET FOR SOLUTIONS, BY DEPLOYMENT,
2022–2027 (USD MILLION)101
6.3.1.2On-premise101
6.3.1.3Cloud101
6.3.2AI PLATFORM101
6.3.2.1Natural language processing, image recognition, voice recognition, and predictive analytics features to fuel adoption of AI platforms101
TABLE 33AI IN MANUFACTURING MARKET FOR SOFTWARE, BY PLATFORM,
2018–2021 (USD MILLION)102
TABLE 34AI IN MANUFACTURING MARKET FOR SOFTWARE, BY PLATFORM,
2022–2027 (USD MILLION)102
6.3.2.2Machine learning framework103
6.3.2.3Application program interface (API)103
6.4SERVICES103
TABLE 35AI IN MANUFACTURING MARKET, BY SERVICES, 2018–2021 (USD MILLION)103
TABLE 36AI IN MANUFACTURING MARKET, BY SERVICES, 2022–2027 (USD MILLION)104
TABLE 37AI IN MANUFACTURING MARKET FOR SERVICES, BY REGION,
2018–2021 (USD MILLION)104
TABLE 38AI IN MANUFACTURING MARKET FOR SERVICES, BY REGION,
2022–2027 (USD MILLION)104
6.4.1DEPLOYMENT AND INTEGRATION105
6.4.1.1Increasing demand for deployment and integration as a key service for configuring AI systems in manufacturing to drive market growth105
6.4.2SUPPORT AND MAINTENANCE105
6.4.2.1Growing demand for support and maintenance service to eliminate issues related to operations after installation and training to drive market growth105
7ARTIFICIAL INTELLIGENCE (AI) IN MANUFACTURING MARKET, BY TECHNOLOGY106
7.1INTRODUCTION107
FIGURE 30MACHINE LEARNING SEGMENT TO HOLD LARGEST SHARE OF
AI IN MANUFACTURING MARKET BETWEEN 2022 AND 2027107
TABLE 39AI IN MANUFACTURING MARKET, BY TECHNOLOGY,
2018–2021 (USD MILLION)108
TABLE 40AI IN MANUFACTURING MARKET, BY TECHNOLOGY,
2022–2027 (USD MILLION)108
7.2MACHINE LEARNING108
7.2.1ADVANCEMENTS IN DEEP LEARNING AND SUPERVISED LEARNING TECHNOLOGIES TO DRIVE MARKET GROWTH108
TABLE 41AI IN MANUFACTURING MARKET FOR MACHINE LEARNING, BY TYPE,
2018–2021 (USD MILLION)109
TABLE 42AI IN MANUFACTURING MARKET FOR MACHINE LEARNING, BY TYPE,
2022–2027 (USD MILLION)109
TABLE 43AI IN MANUFACTURING MARKET FOR MACHINE LEARNING, BY APPLICATION, 2018–2021 (USD MILLION)110
TABLE 44AI IN MANUFACTURING MARKET FOR MACHINE LEARNING, BY APPLICATION, 2022–2027 (USD MILLION)110
7.2.2DEEP LEARNING111
7.2.2.1Rapid adoption of robotics in manufacturing industry to drive growth of AI in manufacturing market for deep learning111
7.2.3SUPERVISED LEARNING112
7.2.3.1Image recognition and predictive and predictive analytics applications to play major role in market growth112
7.2.4REINFORCEMENT LEARNING112
7.2.4.1Ability of reinforcement learning to maximize performance of systems and software to drive market growth112
7.2.5UNSUPERVISED LEARNING112
7.2.5.1Capability of unsupervised learning to find patterns in large datasets to drive market growth112
7.2.6OTHERS113
7.3NATURAL LANGUAGE PROCESSING113
7.3.1DEVELOPMENTS IN NATURAL LANGUAGE PROCESSING FOR REAL-TIME TRANSLATION TO DRIVE MARKET GROWTH113
TABLE 45AI IN MANUFACTURING MARKET FOR NATURAL LANGUAGE PROCESSING,
BY APPLICATION, 2018–2021 (USD MILLION)114
TABLE 46AI IN MANUFACTURING MARKET FOR NATURAL LANGUAGE PROCESSING,
BY APPLICATION, 2022–2027 (USD MILLION)114
7.4CONTEXT-AWARE COMPUTING115
7.4.1DEVELOPMENT OF SOPHISTICATED HARD AND SOFT SENSORS TO BOOST GROWTH OF CONTEXT-AWARE COMPUTING SEGMENT115
TABLE 47AI IN MANUFACTURING MARKET FOR CONTEXT-AWARE COMPUTING, BY TYPE, 2018–2021 (USD MILLION)115
TABLE 48AI IN MANUFACTURING MARKET FOR CONTEXT-AWARE COMPUTING, BY TYPE, 2022–2027 (USD MILLION)116
TABLE 49AI IN MANUFACTURING MARKET FOR CONTEXT-AWARE COMPUTING,
BY APPLICATION, 2018–2021 (USD MILLION)116
TABLE 50AI IN MANUFACTURING MARKET FOR CONTEXT-AWARE COMPUTING,
BY APPLICATION, 2022–2027 (USD MILLION)117
7.5COMPUTER VISION117
7.5.1CAPABILITY OF COMPUTER VISION TO ANALYZE INFORMATION OF DIFFERENT GEOMETRIC SHAPES, VOLUMES, AND PATTERNS AND PROVIDE VISUAL FEEDBACK TO USERS TO FUEL MARKET GROWTH117
TABLE 51AI IN MANUFACTURING MARKET FOR COMPUTER VISION, BY APPLICATION, 2018–2021 (USD MILLION)118
TABLE 52AI IN MANUFACTURING MARKET FOR COMPUTER VISION, BY APPLICATION, 2022–2027 (USD MILLION)118
8ARTIFICIAL INTELLIGENCE (AI) IN MANUFACTURING MARKET,
BY APPLICATION119
8.1INTRODUCTION120
FIGURE 31PREDICTIVE MAINTENANCE AND MACHINERY INSPECTION SEGMENT TO HOLD LARGEST MARKET SHARE IN 2027120
TABLE 53AI IN MANUFACTURING MARKET, BY APPLICATION,
2018–2021 (USD MILLION)121
TABLE 54AI IN MANUFACTURING MARKET, BY APPLICATION,
2022–2027 (USD MILLION)121
8.2PREDICTIVE MAINTENANCE AND MACHINERY INSPECTION122
8.2.1EXTENSIVE USE OF COMPUTER VISION AND MACHINE LEARNING TECHNOLOGIES IN PREDICTIVE MAINTENANCE AND MACHINERY INSPECTION APPLICATION TO DRIVE MARKET GROWTH122
TABLE 55AI IN MANUFACTURING MARKET FOR PREDICTIVE MAINTENANCE AND MACHINERY INSPECTION, BY REGION, 2018–2021 (USD MILLION)122
TABLE 56AI IN MANUFACTURING MARKET FOR PREDICTIVE MAINTENANCE AND MACHINERY INSPECTION, BY REGION, 2022–2027 (USD MILLION)123
TABLE 57AI IN MANUFACTURING MARKET FOR PREDICTIVE MAINTENANCE AND MACHINERY INSPECTION, BY TECHNOLOGY, 2018–2021 (USD MILLION)123
TABLE 58AI IN MANUFACTURING MARKET FOR PREDICTIVE MAINTENANCE AND MACHINERY INSPECTION, BY TECHNOLOGY, 2022–2027 (USD MILLION)123
8.3INVENTORY OPTIMIZATION124
8.3.1CAPABILITY OF AI TO PERFORM IN-PLANT LOGISTICS IN MANUFACTURING INDUSTRY TO FUEL MARKET GROWTH FOR INVENTORY OPTIMIZATION124
FIGURE 32NORTH AMERICA HELD LARGEST SHARE OF AI IN MANUFACTURING MARKET FOR INVENTORY OPTIMIZATION IN 2021124
TABLE 59AI IN MANUFACTURING MARKET FOR INVENTORY OPTIMIZATION, BY REGION, 2018–2021 (USD MILLION)125
TABLE 60AI IN MANUFACTURING MARKET FOR INVENTORY OPTIMIZATION, BY REGION, 2022–2027 (USD MILLION)125
TABLE 61AI IN MANUFACTURING MARKET FOR INVENTORY OPTIMIZATION,
BY TECHNOLOGY, 2018–2021 (USD MILLION)125
TABLE 62AI IN MANUFACTURING MARKET FOR INVENTORY OPTIMIZATION,
BY TECHNOLOGY, 2022–2027 (USD MILLION)126
8.4PRODUCTION PLANNING126
8.4.1EXTENSIVE USE OF BIG DATA IN PRODUCTION PLANNING APPLICATION TO FUEL MARKET GROWTH126
TABLE 63AI IN MANUFACTURING MARKET FOR PRODUCTION PLANNING, BY REGION, 2018–2021 (USD MILLION)127
TABLE 64AI IN MANUFACTURING MARKET FOR PRODUCTION PLANNING, BY REGION, 2022–2027 (USD MILLION)127
TABLE 65AI IN MANUFACTURING MARKET FOR PRODUCTION PLANNING,
BY TECHNOLOGY, 2018–2021 (USD MILLION)127
TABLE 66AI IN MANUFACTURING MARKET FOR PRODUCTION PLANNING,
BY TECHNOLOGY, 2022–2027 (USD MILLION)128
8.5FIELD SERVICES128
8.5.1GROWING USE OF FIELD SERVICES IN HEAVY METALS & MACHINE MANUFACTURING, OIL & GAS, AND ENERGY & POWER INDUSTRIES TO
DRIVE MARKET GROWTH128
FIGURE 33NORTH AMERICA TO HOLD LARGEST SHARE OF AI MANUFACTURING MARKET FOR FIELD SERVICES DURING FORECAST PERIOD128
TABLE 67AI IN MANUFACTURING MARKET FOR FIELD SERVICES, BY REGION,
2018–2021 (USD MILLION)129
TABLE 68AI IN MANUFACTURING MARKET FOR FIELD SERVICES, BY REGION,
2022–2027 (USD MILLION)129
TABLE 69AI IN MANUFACTURING MARKET FOR FIELD SERVICES, BY TECHNOLOGY, 2018–2021 (USD MILLION)129
TABLE 70AI IN MANUFACTURING MARKET FOR FIELD SERVICES, BY TECHNOLOGY, 2022–2027 (USD MILLION)130
8.6QUALITY CONTROL130
8.6.1RISING ADOPTION OF AI-BASED QUALITY CONTROL SYSTEMS IN PHARMACEUTICAL, FOOD & BEVERAGE, AND SEMICONDUCTOR INDUSTRIES TO DRIVE MARKET GROWTH130
TABLE 71AI IN MANUFACTURING MARKET FOR QUALITY CONTROL, BY REGION,
2018–2021 (USD MILLION)131
TABLE 72AI IN MANUFACTURING MARKET FOR QUALITY CONTROL, BY REGION,
2022–2027 (USD MILLION)131
FIGURE 34MACHINE LEARNING TECHNOLOGY SEGMENT TO HOLD LARGEST
SHARE OF AI IN MANUFACTURING MARKET FOR QUALITY CONTROL FROM 2022 TO 2027131
TABLE 73AI IN MANUFACTURING MARKET FOR QUALITY CONTROL, BY TECHNOLOGY, 2018–2021 (USD MILLION)132
TABLE 74AI IN MANUFACTURING MARKET FOR QUALITY CONTROL, BY TECHNOLOGY, 2022–2027 (USD MILLION)132
8.7CYBERSECURITY132
8.7.1GROWING ADOPTION OF AUTOMATION IN WORK PROCESSES TO DRIVE MARKET GROWTH132
TABLE 75AI IN MANUFACTURING MARKET FOR CYBERSECURITY, BY REGION,
2018–2021 (USD MILLION)133
TABLE 76AI IN MANUFACTURING MARKET FOR CYBERSECURITY, BY REGION,
2022–2027 (USD MILLION)133
TABLE 77AI IN MANUFACTURING MARKET FOR CYBERSECURITY, BY TECHNOLOGY, 2018–2021 (USD MILLION)133
TABLE 78AI IN MANUFACTURING MARKET FOR CYBERSECURITY, BY TECHNOLOGY, 2022–2027 (USD MILLION)134
8.8INDUSTRIAL ROBOTS134
8.8.1RISING ADOPTION OF INDUSTRIAL ROBOTS IN MANUFACTURING INDUSTRY TO ACCELERATE PRODUCTION PROCESSES, ENHANCE EFFICIENCY, AND MINIMIZE PRODUCTION COSTS TO DRIVE MARKET GROWTH134
FIGURE 35APAC TO HOLD LARGEST SHARE OF AI IN MANUFACTURING MARKET FOR INDUSTRIAL ROBOTS APPLICATION DURING FORECAST PERIOD134
TABLE 79AI IN MANUFACTURING MARKET FOR INDUSTRIAL ROBOTS, BY REGION, 2018–2021 (USD MILLION)135
TABLE 80AI IN MANUFACTURING MARKET FOR INDUSTRIAL ROBOTS, BY REGION, 2022–2027 (USD MILLION)135
TABLE 81AI IN MANUFACTURING MARKET FOR INDUSTRIAL ROBOTS, BY TECHNOLOGY, 2018–2021 (USD MILLION)135
TABLE 82AI IN MANUFACTURING MARKET FOR INDUSTRIAL ROBOTS, BY TECHNOLOGY, 2022–2027 (USD MILLION)136
8.9RECLAMATION136
8.9.1GROWING ADOPTION OF COMPUTER VISION AND MACHINE LEARNING TECHNOLOGIES IN RECLAMATION APPLICATION TO ELIMINATE
HUMAN–MACHINE INTERACTION TO DRIVE MARKET GROWTH136
TABLE 83AI IN MANUFACTURING MARKET FOR RECLAMATION, BY REGION,
2018–2021 (USD MILLION)136
TABLE 84AI IN MANUFACTURING MARKET FOR RECLAMATION, BY REGION,
2022–2027 (USD MILLION)137
TABLE 85AI IN MANUFACTURING MARKET FOR RECLAMATION, BY TECHNOLOGY, 2018–2021 (USD MILLION)137
TABLE 86AI IN MANUFACTURING MARKET FOR RECLAMATION, BY TECHNOLOGY, 2022–2027 (USD MILLION)137
9ARTIFICIAL INTELLIGENCE (AI) IN MANUFACTURING MARKET, BY INDUSTRY138
9.1INTRODUCTION139
FIGURE 36AUTOMOTIVE SEGMENT HELD LARGEST SHARE OF AI IN MANUFACTURING MARKET IN 2022139
TABLE 87AI IN MANUFACTURING MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)140
TABLE 88AI IN MANUFACTURING MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)140
9.2AUTOMOTIVE141
9.2.1INCREASED DEPLOYMENT OF MACHINE LEARNING AND COMPUTER VISION TECHNOLOGIES IN AUTOMOTIVE INDUSTRY TO DRIVE MARKET GROWTH141
TABLE 89AI IN MANUFACTURING MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 2018–2021 (USD MILLION)141
TABLE 90AI IN MANUFACTURING MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 2022–2027 (USD MILLION)142
9.3ENERGY & POWER142
9.3.1GROWING USE OF AI-BASED SOLUTIONS IN ENERGY & POWER INDUSTRY TO INCREASE PRODUCTION OUTPUT AND REDUCE DOWNTIME TO
DRIVE MARKET GROWTH142
FIGURE 37ASIA PACIFIC TO HOLD LARGEST SHARE OF AI IN MANUFACTURING MARKET FOR ENERGY & POWER INDUSTRY BY 2027143
TABLE 91AI IN MANUFACTURING MARKET FOR ENERGY & POWER INDUSTRY,
BY REGION, 2018–2021 (USD MILLION)143
TABLE 92AI IN MANUFACTURING MARKET FOR ENERGY & POWER INDUSTRY,
BY REGION, 2022–2027 (USD MILLION)144
9.4PHARMACEUTICAL144
9.4.1EXTENSIVE USAGE OF COMPUTER VISION TECHNOLOGY FOR QUALITY CONTROL APPLICATION IN PHARMACEUTICAL INDUTRY TO DRIVE
MARKET GROWTH144
TABLE 93AI IN MANUFACTURING MARKET FOR PHARMACEUTICAL INDUSTRY,
BY REGION, 2018–2021 (USD MILLION)144
TABLE 94AI IN MANUFACTURING MARKET FOR PHARMACEUTICAL INDUSTRY,
BY REGION, 2022–2027 (USD MILLION)145
9.5HEAVY METALS & MACHINE MANUFACTURING145
9.5.1INCREASED USE OF ROBOTICS IN HEAVY METALS & MACHINE MANUFACTURING INDUSTRY TO DRIVE MARKET GROWTH145
FIGURE 38ASIA PACIFIC TO HOLD LARGEST SHARE OF AI IN MANUFACTURING MARKET FOR HEAVY METALS & MACHINE MANUFACTURING INDUSTRY DURING FORECAST PERIOD146
TABLE 95AI IN MANUFACTURING MARKET FOR HEAVY METALS & MACHINE MANUFACTURING INDUSTRY, BY REGION, 2018–2021 (USD MILLION)146
TABLE 96AI IN MANUFACTURING MARKET FOR HEAVY METALS & MACHINE MANUFACTURING INDUSTRY, BY REGION, 2022–2027 (USD MILLION)147
9.6SEMICONDUCTOR & ELECTRONICS147
9.6.1INCREASED USE OF COMPUTER VISION TECHNOLOGY IN SEMICONDUCTOR & ELECTRONICS INDUSTRY TO DRIVE MARKET GROWTH147
TABLE 97AI IN MANUFACTURING MARKET FOR SEMICONDUCTOR & ELECTRONICS INDUSTRY, BY REGION, 2018–2021 (USD MILLION)148
TABLE 98AI IN MANUFACTURING MARKET FOR SEMICONDUCTOR & ELECTRONICS INDUSTRY, BY REGION, 2022–2027 (USD MILLION)148
9.7FOOD & BEVERAGE148
9.7.1GROWING ADOPTION OF INDUSTRIAL ROBOTS, IOT, AND BIG DATA IN
FOOD & BEVERAGE INDUSTRY TO FUEL MARKET GROWTH148
TABLE 99AI IN MANUFACTURING MARKET FOR FOOD & BEVERAGE INDUSTRY,
BY REGION, 2018–2021 (USD MILLION)149
TABLE 100AI IN MANUFACTURING MARKET FOR FOOD & BEVERAGE INDUSTRY,
BY REGION, 2022–2027 (USD MILLION)149
9.8OTHERS149
TABLE 101AI IN MANUFACTURING MARKET FOR OTHERS, BY REGION,
2018–2021 (USD MILLION)150
TABLE 102AI IN MANUFACTURING MARKET FOR OTHERS, BY REGION,
2022–2027 (USD MILLION)150
10GEOGRAPHIC ANALYSIS151
10.1INTRODUCTION152
FIGURE 39CHINA, SOUTH KOREA, AND US ARE EMERGING AS NEW HOTSPOTS
IN AI IN MANUFACTURING MARKET152
FIGURE 40APAC TO DOMINATE AI IN MANUFACTURING MARKET
DURING FORECAST PERIOD153
TABLE 103AI IN MANUFACTURING MARKET, BY REGION, 2018–2021 (USD MILLION)153
TABLE 104AI IN MANUFACTURING MARKET, BY REGION, 2022–2027 (USD MILLION)153
10.2NORTH AMERICA154
FIGURE 41SNAPSHOT: AI IN MANUFACTURING MARKET IN NORTH AMERICA154
TABLE 105AI IN MANUFACTURING MARKET IN NORTH AMERICA, BY COUNTRY,
2018–2021 (USD MILLION)155
TABLE 106AI IN MANUFACTURING MARKET IN NORTH AMERICA, BY COUNTRY,
2022–2027 (USD MILLION)155
TABLE 107AI IN MANUFACTURING MARKET IN NORTH AMERICA FOR HARDWARE,
BY COUNTRY, 2018–2021 (USD MILLION)155
TABLE 108AI IN MANUFACTURING MARKET IN NORTH AMERICA FOR HARDWARE,
BY COUNTRY, 2022–2027 (USD MILLION)156
TABLE 109AI IN MANUFACTURING MARKET IN NORTH AMERICA FOR SOFTWARE,
BY COUNTRY, 2018–2021 (USD MILLION)156
TABLE 110AI IN MANUFACTURING MARKET IN NORTH AMERICA FOR SOFTWARE,
BY COUNTRY, 2022–2027 (USD MILLION)156
TABLE 111AI IN MANUFACTURING MARKET IN NORTH AMERICA FOR SERVICES,
BY COUNTRY, 2018–2021 (USD MILLION)157
TABLE 112AI IN MANUFACTURING MARKET IN NORTH AMERICA FOR SERVICES,
BY COUNTRY, 2022–2027 (USD MILLION)157
TABLE 113AI IN MANUFACTURING MARKET IN NORTH AMERICA, BY INDUSTRY,
2018–2021 (USD MILLION)157
TABLE 114AI IN MANUFACTURING MARKET IN NORTH AMERICA, BY INDUSTRY,
2022–2027 (USD MILLION)158
10.2.1US158
10.2.1.1Speedy adoption of IIoT and industrial robots is boosting
adoption of AI158
TABLE 115AI IN MANUFACTURING MARKET IN US, BY OFFERING,
2018–2021 (USD MILLION)159
TABLE 116AI IN MANUFACTURING MARKET IN US, BY OFFERING,
2022–2027 (USD MILLION)159
10.2.2CANADA159
10.2.2.1Emergence of various AI-based startups is supporting growth of
AI in manufacturing market in Canada159
TABLE 117AI IN MANUFACTURING MARKET IN CANADA, BY OFFERING,
2018–2021 (USD MILLION)160
TABLE 118AI IN MANUFACTURING MARKET IN CANADA, BY OFFERING,
2022–2027 (USD MILLION)160
10.2.3MEXICO160
10.2.3.1Inflow of investments in manufacturing sector fosters
market growth in Mexico160
TABLE 119AI IN MANUFACTURING MARKET IN MEXICO, BY OFFERING,
2018–2021 (USD MILLION)160
TABLE 120AI IN MANUFACTURING MARKET IN MEXICO, BY OFFERING,
2022–2027 (USD MILLION)161
10.3EUROPE161
FIGURE 42SNAPSHOT: AI IN MANUFACTURING MARKET IN EUROPE162
TABLE 121AI IN MANUFACTURING MARKET IN EUROPE, BY COUNTRY,
2018–2021 (USD MILLION)163
TABLE 122AI IN MANUFACTURING MARKET IN EUROPE, BY COUNTRY,
2022–2027 (USD MILLION)163
FIGURE 43GERMANY HELD LARGEST SHARE OF AI IN MANUFACTURING MARKET IN EUROPE FOR HARDWARE IN 2021163
TABLE 123AI IN MANUFACTURING MARKET IN EUROPE FOR HARDWARE, BY COUNTRY, 2018–2021 (USD MILLION)164
TABLE 124AI IN MANUFACTURING MARKET IN EUROPE FOR HARDWARE, BY COUNTRY, 2022–2027 (USD MILLION)164
TABLE 125AI IN MANUFACTURING MARKET IN EUROPE FOR SOFTWARE, BY COUNTRY, 2018–2021 (USD MILLION)165
TABLE 126AI IN MANUFACTURING MARKET IN EUROPE FOR SOFTWARE, BY COUNTRY, 2022–2027 (USD MILLION)165
TABLE 127AI IN MANUFACTURING MARKET IN EUROPE FOR SERVICES, BY COUNTRY, 2018–2021 (USD MILLION)165
TABLE 128AI IN MANUFACTURING MARKET IN EUROPE FOR SERVICES, BY COUNTRY, 2022–2027(USD MILLION)166
TABLE 129AI IN MANUFACTURING MARKET IN EUROPE, BY INDUSTRY,
2018–2021 (USD MILLION)166
TABLE 130AI IN MANUFACTURING MARKET IN EUROPE, BY INDUSTRY,
2022–2027 (USD MILLION)167
10.3.1GERMANY167
10.3.1.1Implementation of big data in manufacturing plants has resulted in adoption of AI-based solutions in Germany167
TABLE 131AI IN MANUFACTURING MARKET IN GERMANY, BY OFFERING,
2018–2021 (USD MILLION)168
TABLE 132AI IN MANUFACTURING MARKET IN GERMANY, BY OFFERING,
2022–2027 (USD MILLION)168
10.3.2UK168
10.3.2.1Favorable environment for R&D has led to innovations in field of AI in manufacturing in UK168
TABLE 133AI IN MANUFACTURING MARKET IN UK, BY OFFERING,
2018–2021 (USD MILLION)169
TABLE 134AI IN MANUFACTURING MARKET IN UK, BY OFFERING,
2022–2027 (USD MILLION)169
10.3.3FRANCE169
10.3.3.1Proliferation of AI startups augments market growth in France169
TABLE 135AI IN MANUFACTURING MARKET IN FRANCE, BY OFFERING,
2018–2021 (USD MILLION)170
TABLE 136AI IN MANUFACTURING MARKET IN FRANCE, BY OFFERING,
2022–2027 (USD MILLION)170
10.3.4ITALY170
10.3.4.1Adoption of smart factory and AI-based solutions by manufacturers spurs market growth in Italy170
TABLE 137AI IN MANUFACTURING MARKET IN ITALY, BY OFFERING,
2018–2021 (USD MILLION)171
TABLE 138AI IN MANUFACTURING MARKET IN ITALY, BY OFFERING,
2022–2027 (USD MILLION)171
10.3.5SPAIN171
10.3.5.1Accelerating adoption of AI-based predictive maintenance system in manufacturing sector in Spain spurs market growth171
TABLE 139AI IN MANUFACTURING MARKET IN SPAIN, BY OFFERING,
2018–2021 (USD MILLION)172
TABLE 140AI IN MANUFACTURING MARKET IN SPAIN, BY OFFERING,
2022–2027 (USD MILLION)172
10.3.6REST OF EUROPE172
TABLE 141AI IN MANUFACTURING MARKET IN REST OF EUROPE, BY OFFERING,
2018–2021 (USD MILLION)172
TABLE 142AI IN MANUFACTURING MARKET IN REST OF EUROPE, BY OFFERING,
2022–2027 (USD MILLION)173
10.4APAC173
FIGURE 44SNAPSHOT: AI IN MANUFACTURING MARKET IN ASIA PACIFIC174
TABLE 143AI IN MANUFACTURING MARKET IN APAC, BY COUNTRY,
2018–2021 (USD MILLION)175
TABLE 144AI IN MANUFACTURING MARKET IN APAC, BY COUNTRY,
2022–2027 (USD MILLION)175
TABLE 145AI IN MANUFACTURING MARKET IN APAC FOR HARDWARE, BY COUNTRY, 2018–2021 (USD MILLION)175
TABLE 146AI IN MANUFACTURING MARKET IN APAC FOR HARDWARE, BY COUNTRY, 2022–2027 (USD MILLION)176
TABLE 147AI IN MANUFACTURING MARKET IN APAC FOR SOFTWARE, BY COUNTRY, 2018–2021 (USD MILLION)176
TABLE 148AI IN MANUFACTURING MARKET IN APAC FOR SOFTWARE, BY COUNTRY, 2022–2027 (USD MILLION)176
TABLE 149AI IN MANUFACTURING MARKET IN APAC FOR SERVICES, BY COUNTRY, 2018–2021 (USD MILLION)177
TABLE 150AI IN MANUFACTURING MARKET IN APAC FOR SERVICES, BY COUNTRY, 2022–2027 (USD MILLION)177
TABLE 151AI IN MANUFACTURING MARKET IN APAC, BY INDUSTRY,
2018–2021 (USD MILLION)177
TABLE 152AI IN MANUFACTURING MARKET IN APAC, BY INDUSTRY,
2022–2027 (USD MILLION)178
10.4.1CHINA178
10.4.1.1Rapid adoption of AI in well-established manufacturing sector underpins market growth in China178
TABLE 153AI IN MANUFACTURING MARKET IN CHINA, BY OFFERING,
2018–2021 (USD MILLION)179
TABLE 154AI IN MANUFACTURING MARKET IN CHINA, BY OFFERING,
2022–2027 (USD MILLION)179
10.4.2JAPAN179
10.4.2.1Presence of world-leading manufacturing companies boosts AI in manufacturing market growth in Japan179
TABLE 155AI IN MANUFACTURING MARKET IN JAPAN, BY OFFERING,
2018–2021 (USD MILLION)180
TABLE 156AI IN MANUFACTURING MARKET IN JAPAN, BY OFFERING,
2022–2027 (USD MILLION)180
10.4.3SOUTH KOREA180
10.4.3.1Introduction of automation in manufacturing industries is driving market for AI in manufacturing in South Korea180
TABLE 157AI IN MANUFACTURING MARKET IN SOUTH KOREA, BY OFFERING,
2018–2021 (USD MILLION))181
TABLE 158AI IN MANUFACTURING MARKET IN SOUTH KOREA, BY OFFERING,
2022–2027 (USD MILLION)181
10.4.4INDIA181
10.4.4.1AI in manufacturing industry is still in its nascent stage in India181
TABLE 159AI IN MANUFACTURING MARKET IN INDIA, BY OFFERING,
2018–2021 (USD MILLION)182
TABLE 160AI IN MANUFACTURING MARKET IN INDIA, BY OFFERING,
2022–2027 (USD MILLION)182
10.4.5REST OF APAC182
TABLE 161AI IN MANUFACTURING MARKET IN REST OF APAC, BY OFFERING,
2018–2021 (USD MILLION)183
TABLE 162AI IN MANUFACTURING MARKET IN REST OF APAC, BY OFFERING,
2022–2027 (USD MILLION)183
10.5ROW183
FIGURE 45SNAPSHOT: AI IN MANUFACTURING MARKET IN ROW184
TABLE 163AI IN MANUFACTURING MARKET IN ROW, BY REGION,
2018–2021 (USD MILLION)184
TABLE 164AI IN MANUFACTURING MARKET IN ROW, BY REGION,
2022–2027 (USD MILLION)184
TABLE 165AI IN MANUFACTURING MARKET IN ROW FOR HARDWARE, BY REGION, 2018–2021(USD MILLION)185
TABLE 166AI IN MANUFACTURING MARKET IN ROW FOR HARDWARE, BY REGION, 2022–2027 (USD MILLION)185
TABLE 167AI IN MANUFACTURING MARKET IN ROW FOR SOFTWARE, BY REGION,
2018–2021 (USD MILLION)185
TABLE 168AI IN MANUFACTURING MARKET IN ROW FOR SOFTWARE, BY REGION,
2022–2027 (USD MILLION)185
TABLE 169AI IN MANUFACTURING MARKET IN ROW FOR SERVICES, BY REGION,
2018–2021 (USD MILLION)186
TABLE 170AI IN MANUFACTURING MARKET IN ROW FOR SERVICES, BY REGION,
2022–2027 (USD MILLION)186
TABLE 171AI IN MANUFACTURING MARKET IN ROW, BY INDUSTRY,
2018–2021 (USD MILLION)186
TABLE 172AI IN MANUFACTURING MARKET IN ROW, BY INDUSTRY,
2022–2027 (USD MILLION)187
10.5.1SOUTH AMERICA187
10.5.1.1Surging investments in IT infrastructure to favor AI in manufacturing market growth in South America187
TABLE 173AI IN MANUFACTURING MARKET IN SOUTH AMERICA, BY OFFERING,
2018–2021 (USD MILLION)187
TABLE 174AI IN MANUFACTURING MARKET
Related Report
