Market Overview:
The global industrial artificial intelligence market is expected to grow at a CAGR of 27.5% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for artificial intelligence in various industrial applications such as semiconductor and electronics, energy and power, pharmaceuticals, automobile, heavy metals and machine manufacturing, food and beverages, and others (textiles & aerospace). North America is expected to hold the largest share of the global industrial artificial intelligence market in 2018. However, Asia Pacific is projected to grow at the highest CAGR during the forecast period.
Product Definition:
Industrial Artificial Intelligence is a subset of AI that deals with the usage of AI in industrial settings. This includes using AI for tasks such as controlling machinery, monitoring processes, and diagnosing faults. Industrial AI can help to optimize production and increase efficiency.
Hardware:
Hardware is the physical devices and tools used to build a system or device. In case of AI, hardware includes chipsets such as Graphics Processing Unit (GPU), CPU, FPGA (Field Programmable Gate Arrays) and others along with other devices like sensors, actuators, etc.
Hardware is witnessing high demand in the field of artificial intelligence due to its ability to process large amounts of data in lesser time.
Software:
Software is the Solution or Tool which helps in carrying out a task more efficiently. It can be used for automation, data analysis, and decision making. In case of industrial artificial intelligence it means that software is being used to train the AI system so that it can learn from its own experience and examples rather than depending on humans to tell it what to do all the time.
Application Insights:
The global industrial artificial intelligence market is segmented by application into semiconductor and electronics, energy and power, pharmaceuticals, automobile manufacturing, heavy metals and machine tools, food and beverages manufacturing among other sectors such as textiles aerospace. The automotive segment is expected to witness the highest growth rate over the forecast period owing to increasing demand for self-driving cars.
The use of AI in automobiles has increased significantly over the past few years. For instance; Tesla uses AI technology for its autonomous driving function in its vehicles while BMW AG developed an AI system called iVES that can recognize objects through cameras mounted on a car roof.
Regional Analysis:
The Asia Pacific dominated the global market in 2017. The region is expected to maintain its lead throughout the forecast period owing to increasing investments by prominent players in developing countries such as China and India. In addition, rising demand for consumer electronics products, rapid technological advancements, and expanding industrial sector are some of the major factors contributing toward regional growth.
Europe accounted for a significant share of revenue in 2017 owing to growing adoption across several industries including automotive and aerospace & defense. Moreover, presence of key artificial intelligence companies such as Google AI; DeepMind Technologies; IBM Corporation; Baidu Inc.; Microsoft Corporation; Amazon Web Services LLC.; Facebook AI Research Lab (FAIR); Numenta Inc.; Tesla Motors Inc., among others is anticipated to boost regional growth over the forecast period.
Growth Factors:
- Increasing demand for industrial artificial intelligence from automotive and manufacturing sectors to improve the efficiency of operations.
- Growing number of AI startups that are offering innovative industrial artificial intelligence solutions, thereby increasing competition in the market.
- Rising adoption of industrial artificial intelligence by small and medium-sized enterprises to improve their operational efficiency.
- Increasing demand for predictive maintenance and fault detection applications of industrial artificial intelligence in various industries.
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Artificial Intelligence Market Research Report
By Type
Hardware, Software
By Application
Semiconductor and Electronics, Energy and Power, Pharmaceuticals, Automobile, Heavy Metals and Machine Manufacturing, Food and Beverages, Others (Textiles & Aerospace)
By Companies
Intel Corporation, Siemens AG, IBM Corporation, Alphabet Inc, Microsoft Corporation, Cisco Systems, General Electric Company, Data RPM, Sight Machine, General Vision, Rockwell, Automation Inc, Mitsubishi Electric Corporation, Oracle Corporation, SAP SE
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
151
Number of Tables & Figures
106
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Artificial Intelligence Market Report Segments:
The global Industrial Artificial Intelligence market is segmented on the basis of:
Types
Hardware, Software
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Semiconductor and Electronics, Energy and Power, Pharmaceuticals, Automobile, Heavy Metals and Machine Manufacturing, Food and Beverages, Others (Textiles & Aerospace)
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Intel Corporation
- Siemens AG
- IBM Corporation
- Alphabet Inc
- Microsoft Corporation
- Cisco Systems
- General Electric Company
- Data RPM, Sight Machine
- General Vision
- Rockwell, Automation Inc
- Mitsubishi Electric Corporation
- Oracle Corporation
- SAP SE
Highlights of The Industrial Artificial Intelligence Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware
- Software
- By Application:
- Semiconductor and Electronics
- Energy and Power
- Pharmaceuticals
- Automobile
- Heavy Metals and Machine Manufacturing
- Food and Beverages
- Others (Textiles & Aerospace)
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Artificial Intelligence Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial artificial intelligence (IA) is a subset of machine learning that focuses on the application of AI in industrial settings. It can encompass a wide range of activities, from automating decision making processes in factories to improving customer service.
Some of the key players operating in the industrial artificial intelligence market are Intel Corporation, Siemens AG, IBM Corporation, Alphabet Inc, Microsoft Corporation, Cisco Systems, General Electric Company, Data RPM, Sight Machine, General Vision, Rockwell, Automation Inc, Mitsubishi Electric Corporation, Oracle Corporation, SAP SE.
The industrial artificial intelligence market is expected to grow at a compound annual growth rate of 27.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Artificial Intelligence Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Industrial Artificial Intelligence Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Artificial Intelligence Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Industrial Artificial Intelligence Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Industrial Artificial Intelligence Market Size & Forecast, 2018-2028
4.5.1 Industrial Artificial Intelligence Market Size and Y-o-Y Growth
4.5.2 Industrial Artificial Intelligence Market Absolute $ Opportunity
Chapter 5 Global Industrial Artificial Intelligence Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Industrial Artificial Intelligence Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Software
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Industrial Artificial Intelligence Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Industrial Artificial Intelligence Market Size Forecast by Applications
6.2.1 Semiconductor and Electronics
6.2.2 Energy and Power
6.2.3 Pharmaceuticals
6.2.4 Automobile
6.2.5 Heavy Metals and Machine Manufacturing
6.2.6 Food and Beverages
6.2.7 Others (Textiles & Aerospace)
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Artificial Intelligence Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial Artificial Intelligence Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Industrial Artificial Intelligence Analysis and Forecast
9.1 Introduction
9.2 North America Industrial Artificial Intelligence Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Industrial Artificial Intelligence Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Software
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Industrial Artificial Intelligence Market Size Forecast by Applications
9.10.1 Semiconductor and Electronics
9.10.2 Energy and Power
9.10.3 Pharmaceuticals
9.10.4 Automobile
9.10.5 Heavy Metals and Machine Manufacturing
9.10.6 Food and Beverages
9.10.7 Others (Textiles & Aerospace)
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Industrial Artificial Intelligence Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial Artificial Intelligence Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Industrial Artificial Intelligence Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Software
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Industrial Artificial Intelligence Market Size Forecast by Applications
10.10.1 Semiconductor and Electronics
10.10.2 Energy and Power
10.10.3 Pharmaceuticals
10.10.4 Automobile
10.10.5 Heavy Metals and Machine Manufacturing
10.10.6 Food and Beverages
10.10.7 Others (Textiles & Aerospace)
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Industrial Artificial Intelligence Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial Artificial Intelligence Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Industrial Artificial Intelligence Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Software
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Industrial Artificial Intelligence Market Size Forecast by Applications
11.10.1 Semiconductor and Electronics
11.10.2 Energy and Power
11.10.3 Pharmaceuticals
11.10.4 Automobile
11.10.5 Heavy Metals and Machine Manufacturing
11.10.6 Food and Beverages
11.10.7 Others (Textiles & Aerospace)
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Industrial Artificial Intelligence Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial Artificial Intelligence Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Industrial Artificial Intelligence Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Software
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Industrial Artificial Intelligence Market Size Forecast by Applications
12.10.1 Semiconductor and Electronics
12.10.2 Energy and Power
12.10.3 Pharmaceuticals
12.10.4 Automobile
12.10.5 Heavy Metals and Machine Manufacturing
12.10.6 Food and Beverages
12.10.7 Others (Textiles & Aerospace)
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Industrial Artificial Intelligence Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial Artificial Intelligence Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Industrial Artificial Intelligence Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Software
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Industrial Artificial Intelligence Market Size Forecast by Applications
13.10.1 Semiconductor and Electronics
13.10.2 Energy and Power
13.10.3 Pharmaceuticals
13.10.4 Automobile
13.10.5 Heavy Metals and Machine Manufacturing
13.10.6 Food and Beverages
13.10.7 Others (Textiles & Aerospace)
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Industrial Artificial Intelligence Market: Competitive Dashboard
14.2 Global Industrial Artificial Intelligence Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Intel Corporation
14.3.2 Siemens AG
14.3.3 IBM Corporation
14.3.4 Alphabet Inc
14.3.5 Microsoft Corporation
14.3.6 Cisco Systems
14.3.7 General Electric Company
14.3.8 Data RPM, Sight Machine
14.3.9 General Vision
14.3.10 Rockwell, Automation Inc
14.3.11 Mitsubishi Electric Corporation
14.3.12 Oracle Corporation
14.3.13 SAP SE
