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GLOBAL ARTIFICIAL INTELLIGENCE (AI) IN MANUFACTURING MARKET | Inkwood Research

Global Artificial Intelligence (AI) in the manufacturing market is projected to grow with a CAGR of 51.31% during the forecast period of 2019-2027.

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GLOBAL ARTIFICIAL INTELLIGENCE (AI) IN MANUFACTURING MARKET | Inkwood Research

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  1. ARTIFICIAL INTELLIGENCE (AI) IN HEALTHCARE MARKET FORECAST2019-2027

  2. The automation can improve business productivity by reducing errors and does offer quality & fast-paced manufacturing efforts to an enterprise, outmatching human capacity. • Thus, the manufacturing sector is highly inclined towards the adoption of industrial automation, machine learning, big data, IoT and other services that promise better outcomes and increase the overall productivity. • The market for artificial intelligence in manufacturing provides Artificial Intelligence technologies specifically for the manufacturing processes. • The market for artificial intelligence in manufacturing provides Artificial Intelligence technologies specifically for the manufacturing processes.

  3. The current trend of automation and data exchange in manufacturing technologies is heralded due to the many factors like the challenging geopolitical scenario, aging workforce and rising wages in automation technology especially in the emerging economies of certain countries. • This is termed as the fourth industrial revolution or Industry 4.0. • The limited existence of skilled workforce in data science coupled with concerns related to data privacy & security is expected to restrict the growth of the market in the global arena. • Data scientists integrate their skills in designing, developing & training artificial intelligence & technology, whose absence can cause major losses to the marketers.

  4. “The Artificial Intelligence (AI) in manufacturing market is expected to proliferate at 51.31% CAGR during the forecasting years of 2019-2027.”

  5. The North American market for AI in manufacturing is expected to grow at a CAGR of 51.49% from 2019 to 2027.

  6. Europe Artificial Intelligence in the manufacturing market, according to Inkwood Research, is expected to grow at 50.30% CAGR during the forecasting years of 2019-2027.

  7. The Asia Pacific alopecia treatment market is expected to grow at a CAGR of 7.38% during the forecasting years of 2019-2027.

  8. Market strategies like mergers & acquisitions, partnerships, contracts, agreements, & new product launches, etc. are deployed by the eminent market players in the global arena, so as to reap major revenues for their company and attain substantial growth and expansion. Microsoft Corporation, airBrain Inc., DataRPM (acquired by Progress), Oracle Corporation, NVIDIA, International Business Machines Corporation, General Vision, Inc., Alphabet Inc., Intel Corporation, Mitsubishi Electric Corporation, Cisco Systems, Inc., Siemens AG, General Electric Company, Sight Machine and Rockwell Automation, Inc. are some of the companies established in the global AI in manufacturing market.

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