LONDON--(BUSINESS WIRE)--Technavio has been monitoring the artificial intelligence (AI) market in manufacturing industry and it is poised to grow by USD 7.22 billion during 2019-2023, progressing at a CAGR of about 31% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavios in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Amazon Web Services Inc., FANUC Corp., General Electric Co., Google LLC, H2O.ai Inc., IBM Corp., KUKA Aktiengesellschaft, Microsoft Corp., Rockwell Automation Inc., and SAP SE. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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The increasing use of industrial IoT has been instrumental in driving the growth of the market. However, data privacy and compliance maintenance might hamper market growth.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/artificial-intelligence-market-in-manufacturing-industry-analysis?tnplus

Artificial Intelligence (AI) Market in Manufacturing Industry 2019-2023: Segmentation

Artificial Intelligence (AI) Market in Manufacturing Industry is segmented as below:

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Artificial Intelligence (AI) Market in Manufacturing Industry 2019-2023: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The artificial intelligence (AI) market in manufacturing industry report covers the following areas:

This study identifies the increasing human-robot collaboration as one of the prime reasons driving the artificial intelligence (AI) market growth in manufacturing industry during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavios in-depth research has direct and indirect COVID-19 impacted market research reports.

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Artificial Intelligence (AI) Market in Manufacturing Industry 2019-2023: Key Highlights

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

PART 04: MARKET SIZING

PART 05: FIVE FORCES ANALYSIS

PART 06: MARKET SEGMENTATION BY APPLICATION

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

PART 09: DRIVERS AND CHALLENGES

PART 10: MARKET TRENDS

PART 11: VENDOR LANDSCAPE

PART 12: VENDOR ANALYSIS

PART 13: APPENDIX

PART 14: EXPLORE TECHNAVIO

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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