Technology & Telecommunications

According to a market report by Lucintel, the future of the artificial intelligence in manufacturing market looks promising with opportunities in the semiconductor & electronic, energy & power, pharmaceutical, medical device, automotive, heavy metal & machine manufacturing, fast-moving consumer good, and aerospace & defense end user industries. The global artificial intelligence in manufacturing market is expected to reach an estimated $2.2 billion by 2028 with a CAGR of 26.3% from 2023 to 2028. The major drivers for this market are emergence of industry 4.0 and growing demand for automated and IoT based technologies among manufacturing sector.



In this market, hardware, software, and services are the major segments of artificial intelligence in manufacturing market by component. Lucintel forecasts that software is expected to witness highest growth over the forecast period due to the growing acceptance of assistants powered by machine learning, cloud based technologies, and learning analytics among different industrial units.



Within this market, medical device is expected to witness highest growth over forecast period due to extensive integration of AI in medical gadgets and increasing usage of computation and machine learning technologies for accuracy and avoidance of any failure.



APAC is expected to witness highest growth due to the existence of key manufacturing units, encouraging initiatives by government to adopt modern technologies, and growing trend of digitalization in the region.

Alphabet, IBM, Intel, Microsoft, and Nvidia are the major suppliers in the global artificial intelligence in manufacturing market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global artificial intelligence in manufacturing market by component, technology, application, end use industry, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Artificial Intelligence in Manufacturing Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global artificial intelligence in manufacturing market by component, technology, application, end use industry, and region, as follows:

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the artificial intelligence in manufacturing market by component (hardware, software, and services), technology (machine learning, natural language processing, context-aware computing, computer vision, and speech & voice recognition), application (field services, quality management, cybersecurity, robotics & factory automation, predictive maintenance & machinery inspection, material handling, production planning, safety planning, energy management, and supply chain optimization), end use industry (semiconductor & electronics, energy & power, pharmaceuticals, medical devices, automotive, heavy metals & machine manufacturing, fast-moving consumer goods, aerospace & defense, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?