Product ID: UCMIG45C2030
Artificial Intelligence in Manufacturing Market Size, Share, Growth Analysis, By Type(PLC, SCADA|HMI), By Application(Ferrous Metallurgy, Non-ferrous Metallurgy), By Region(North America, United States) - Industry Forecast 2024-2031
Report ID:
UCMIG45C2030 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Artificial Intelligence in Manufacturing Market Insights
Market Overview:
The key factors boosting the growth of AI in the manufacturing market include the emergence of Industrial 4.0, an increase in the volume of large complex data, and an increase in the adoption of industrial IoT. Artificial intelligence in manufacturing is increasingly used to streamline logistics and supply chains, cut costs and downtime in production lines, and optimise logistics and supply chains. In addition, it is anticipated that the expanding scope of manufacturing operations in emerging economies, rising acceptance of modern manufacturing techniques, and expanding use of automation technologies will provide significant growth opportunities for the development of AI in the manufacturing market. The market is expected to grow throughout the forecast period due to factors like rising consumer awareness of passenger and vehicle safety.
Artificial Intelligence in Manufacturing Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Data Processing & Outsourced Services by segment aggregation, the contribution of the Data Processing & Outsourced Services in Software & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Artificial Intelligence in Manufacturing Market Report Snapshots
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