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North America Artificial Intelligence in Manufacturing Market Size, Share & Industry Trends Analysis Report By Offering, By Application, By Technology, By Industry, By Country and Growth Forecast, 2022 - 2028

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    Report

  • 127 Pages
  • May 2022
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5615722
The North America Artificial Intelligence in Manufacturing Market is expected to witness market growth of 42.6% CAGR during the forecast period (2022-2028).

Natural language processing-powered chatbots are an important AI trend in manufacturing that can assist streamline factory issue reporting and help requests. This is a branch of artificial intelligence that focuses on simulating real human dialogue. Artificial intelligence can help workers produce competent reports more quickly in an easy-to-understand style if they can utilize devices to communicate and report difficulties and inquiries to chatbots. This increases worker accountability while also reducing the workload for both workers and management.

Manufacturers can use AI-enabled systems to evaluate multiple scenarios (in terms of time, cost, and income) to optimize last-mile deliveries. AI can forecast future delivery times precisely by predicting the best delivery routes, tracking driver performance in real-time, and assessing weather and traffic reports in addition to past data. From capacity planning to inventory tracking and administration, AI can help manufacturers gain more control over their supply chains. They can set up a real-time and predictive supplier assessment and monitoring mechanism to be notified as soon as a supplier fails and analyze the scope of the supply chain interruption. The manufacturer Rolls Royce is one such example. It powers its fleet of self-driving ships with advanced machine learning algorithms and image recognition, which increases supply chain efficiency and ensures cargo is transported securely.

The processing of food and beverages is a significant contributor to the Canadian economy. Employment in the sector was predicted to grow by 4.7% in 2014, reaching around 265,000 people. According to Agriculture and Agri-Food Canada, the Canadian food and beverage processing industry supplied around 80% of the processed food and beverage products accessible in the country in 2011. Soft drink and bottled water production, as well as wineries, breweries, and distilleries, are all examples of beverage processing. Since the manufacturing of food and beverages is a complex process that involves quality checks at multiple stages, the deployment of artificial intelligence in the manufacturing of food and beverages is set to grow with time.

Canada's modern economy relies heavily on manufacturing. Manufacturing accounts for over $174 billion of Canada's total GDP or more than 10% of the country's total. Furthermore, manufacturers export more than $354 billion every year, accounting for 68 percent of all merchandise exports in Canada. All of this translates to 1.7 million good-paying full-time jobs across the country. Manufacturers have become more innovative and high-tech as the industry has modernized, relying on a highly skilled and knowledgeable workforce of designers, researchers, programmers, engineers, technicians, and craftspeople.

The US market dominated the North America Artificial Intelligence in Manufacturing Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $4,481.4 million by 2028. The Canada market is experiencing a CAGR of 45.8% during (2022 - 2028). Additionally, The Mexico market is expected to exhibit a CAGR of 44.5% during (2022 - 2028).

Based on Offering, the market is segmented into Software, Hardware, and Services. Based on Application, the market is segmented into Predictive maintenance & Machinery Inspection, Inventory Optimization, Quality Control, Cybersecurity, Industrial robots, Field Services, Production Planning, and Others. Based on Technology, the market is segmented into Machine Learning, Computer Vision, Natural Language Processing, and Context-aware Computing. Based on Industry, the market is segmented into Automotive, Food & Beverage, Pharmaceutical, Heavy Metals & Machine Manufacturing, Semiconductor & Electronics, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include NVIDIA Corporation, Cisco Systems, Inc., Microsoft Corporation, IBM Corporation, Intel Corporation, Oracle Corporation, Google LLC, Micron Technology, Inc., Siemens AG, and General Electric (GE) Co.

Scope of the Study


Market Segments Covered in the Report:


By Offering

  • Software
  • Hardware
  • Services

By Application

  • Predictive maintenance & Machinery Inspection
  • Inventory Optimization
  • Quality Control
  • Cybersecurity
  • Industrial robots
  • Field Services
  • Production Planning
  • Others

By Technology

  • Machine Learning
  • Computer Vision
  • Natural Language Processing
  • Context-aware Computing

By Industry

  • Automotive
  • Food & Beverage
  • Pharmaceutical
  • Heavy Metals & Machine Manufacturing
  • Semiconductor & Electronics
  • Others

By Country

  • US
  • Canada
  • Mexico
  • Rest of North America

Key Market Players


List of Companies Profiled in the Report:

  • NVIDIA Corporation
  • Cisco Systems, Inc.
  • Microsoft Corporation
  • IBM Corporation
  • Intel Corporation
  • Oracle Corporation
  • Google LLC
  • Micron Technology, Inc.
  • Siemens AG
  • General Electric (GE) Co.

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Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Artificial Intelligence in Manufacturing Market, by Offering
1.4.2 North America Artificial Intelligence in Manufacturing Market, by Application
1.4.3 North America Artificial Intelligence in Manufacturing Market, by Technology
1.4.4 North America Artificial Intelligence in Manufacturing Market, by Industry
1.4.5 North America Artificial Intelligence in Manufacturing Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Market Share Analysis, 2020
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.4.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2018, Aug - 2022, Mar) Leading Players
Chapter 4. North America Artificial Intelligence in Manufacturing Market by Offering
4.1 North America Software Market by Country
4.2 North America Hardware Market by Country
4.3 North America Services Market by Country
Chapter 5. North America Artificial Intelligence in Manufacturing Market by Application
5.1 North America Predictive maintenance & Machinery Inspection Market by Country
5.2 North America Inventory Optimization Market by Country
5.3 North America Quality Control Market by Country
5.4 North America Cybersecurity Market by Country
5.5 North America Industrial robots Market by Country
5.6 North America Field Services Market by Country
5.7 North America Production Planning Market by Country
5.8 North America Others Market by Country
Chapter 6. North America Artificial Intelligence in Manufacturing Market by Technology
6.1 North America Machine Learning Market by Country
6.2 North America Computer Vision Market by Country
6.3 North America Natural Language Processing Market by Country
6.4 North America Context-aware Computing Market by Country
Chapter 7. North America Artificial Intelligence in Manufacturing Market by Industry
7.1 North America Automotive Market by Country
7.2 North America Food & Beverage Market by Country
7.3 North America Pharmaceutical Market by Country
7.4 North America Heavy Metals & Machine Manufacturing Market by Country
7.5 North America Semiconductor & Electronics Market by Country
7.6 North America Others Market by Country
Chapter 8. North America Artificial Intelligence in Manufacturing Market by Country
8.1 US Artificial Intelligence in Manufacturing Market
8.1.1 US Artificial Intelligence in Manufacturing Market by Offering
8.1.2 US Artificial Intelligence in Manufacturing Market by Application
8.1.3 US Artificial Intelligence in Manufacturing Market by Technology
8.1.4 US Artificial Intelligence in Manufacturing Market by Industry
8.2 Canada Artificial Intelligence in Manufacturing Market
8.2.1 Canada Artificial Intelligence in Manufacturing Market by Offering
8.2.2 Canada Artificial Intelligence in Manufacturing Market by Application
8.2.3 Canada Artificial Intelligence in Manufacturing Market by Technology
8.2.4 Canada Artificial Intelligence in Manufacturing Market by Industry
8.3 Mexico Artificial Intelligence in Manufacturing Market
8.3.1 Mexico Artificial Intelligence in Manufacturing Market by Offering
8.3.2 Mexico Artificial Intelligence in Manufacturing Market by Application
8.3.3 Mexico Artificial Intelligence in Manufacturing Market by Technology
8.3.4 Mexico Artificial Intelligence in Manufacturing Market by Industry
8.4 Rest of North America Artificial Intelligence in Manufacturing Market
8.4.1 Rest of North America Artificial Intelligence in Manufacturing Market by Offering
8.4.2 Rest of North America Artificial Intelligence in Manufacturing Market by Application
8.4.3 Rest of North America Artificial Intelligence in Manufacturing Market by Technology
8.4.4 Rest of North America Artificial Intelligence in Manufacturing Market by Industry
Chapter 9. Company Profiles
9.1 NVIDIA Corporation
9.1.1 Company Overview
9.1.5 Recent Strategies and Developments
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Product Launches and Product Expansions:
9.2 Cisco Systems, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent Strategies and Developments
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.3 Microsoft Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent Strategies and Developments
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.4 IBM Corporation
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional & Segmental Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent Strategies and Developments
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.5.2 Acquisitions and Mergers:
9.5 Intel Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent Strategies and Developments
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Product Launches and Product Expansions:
9.6 Oracle Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent Strategies and Developments
9.6.5.1 Product Launches and Product Expansions:
9.7 Google LLC
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent Strategies and Developments
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.8 Micron Technology, Inc.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expense
9.9 Siemens AG
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expense
9.9.5 Recent Strategies and Developments
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.9.5.2 Product Launches and Product Expansions:
9.10. General Electric (GE) Co.
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense

Companies Mentioned

  • NVIDIA Corporation
  • Cisco Systems, Inc.
  • Microsoft Corporation
  • IBM Corporation
  • Intel Corporation
  • Oracle Corporation
  • Google LLC
  • Micron Technology, Inc.
  • Siemens AG
  • General Electric (GE) Co.

Methodology

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