Global Artificial Intelligence (AI) in Manufacturing Market Will Reach USD 18.5 Billion By 2025: Zion Market Research
New York, NY, March 29, 2019 (GLOBE NEWSWIRE) — Zion Market Research has published a new report titled “Artificial Intelligence (AI) in Manufacturing Market by Offering (Hardware, Software, and Services), by Technology (Machine Learning, Context-Aware Computing, Natural Language Processing, and Computer Vision), by Application (Production Planning, Predictive Maintenance and Machinery Inspection, Material Movement, Quality Control, Field Services, Cybersecurity, and Others), and by End-User (Energy and Power, Automotive, Food & Beverages, Semiconductors and Electronics, Heavy Metals and Machine Manufacturing, Pharmaceuticals, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025’’. According to the report, the global artificial intelligence (AI) in manufacturing market was valued at around USD 1.1 billion in 2018 and is expected to reach approximately USD 18.5 billion by 2025, at a CAGR of slightly above 49.7% between 2019 and 2025.
Artificial Intelligence (AI) is currently transforming the manufacturing industry. The ongoing maintenance of manufacturing equipment and production line machinery results in huge expenditures due to unplanned downtime costs. Virtual reality, automation, Internet of Things (IoT), and robotics are some important features of AI that are benefitting the manufacturing industry.
Browse through 91 Tables & 39 Figures spread over 196 Pages and in-depth TOC on “Global Artificial Intelligence (AI) in Manufacturing Market: By Offering, Industry Size, Growth Analysis, and Forecast, 2018–2025”.
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