Europe artificial intelligence (AI) in manufacturing market to register a lucrative CAGR of 44% over 2019-2025, cybersecurity to emerge as a prominent application segment
Rising pressure on businesses to sustain profitability and improve efficiency has thrusted the artificial intelligence (AI) in manufacturing market into global recognition, with the need for better quality management, material movement, inspection and predictive maintenance. The growing use of IoT and other means of communication has also created a necessity for ensuring cybersecurity, further bringing AI into play. The advent of industry 4.0 has brought with it the integration of all types of technology-related changes into an organization, which has allowed the growth of AI in manufacturing industry to handle and manage these changes efficiently. Continuous advancements in technology have also led to the development of more complex and functional electronic components, requiring accurate programs and production automation to be implemented and monitored.
U.S. Artificial Intelligence in Manufacturing Market Revenue, By Technology, 2018 & 2025
Machine learning, for instance, has the potential to assist floor managers in devising most cost-effective and efficient production, maintenance and quality control plans, underlining the importance of the AI in manufacturing market. It is widely known that robots have been deployed in almost every manufacturing industry to replace humans in hazardous and more time consuming operations. Using AI to help control these robots and report their progress would help save companies enormous amounts of time and money, realized by reduction in errors and idle time. The ability of AI-enabled robots to be suited for 24-hr production schedule will help improve the competitiveness of businesses and meet rising customer demand for key automobile, appliance and aircraft components.
As evident, the AI in manufacturing industry can prove crucial in refining production and associated operations across numerous business verticals. Regions comprising of mostly developed economies, such as North America and Europe, represent key proponents of AI, with vast investment pools into R&D as well as high labor costs which calls for a more automated production system. Europe in particular has some of the most automated industries in the world. According to the International Federation of Robotics (IFR), Germany is ranked third in the world in terms of automation, with 309 robot units deployed for every 10,000 employees. Sweden and Demark boast of a high degree of automation as well, with 223 and 211 units of industrial robots installed in the manufacturing segment per 10,000 workers.
Get a Sample Copy of this Report@ https://www.gminsights.com/request-sample/detail/3124
In addition to these nations, other EU members have also adopted robots eagerly to take advantage of the long-term financial benefits they deliver, presenting tremendous growth opportunities for the AI in manufacturing market. Europe has witnessed the rise of many producers of hardware components that are compatible with AI technology, besides the augment of software providers and start-ups aiming to offer unique AI experiences. Reports indicate that the region has a constantly growing AI community, where U.K. supposedly has the largest AI ecosystem in the region with Germany, Spain and France close behind. Presence of world leading automakers, electronics product manufacturers, FMCG businesses and consumer goods producers in Europe provides key development and funding opportunities for emerging AI technology firms.
Speaking further, U.K. itself holds more than 120 AI companies while Germany has just over 50, demonstrating their capability to become dominant forces in the Europe AI in manufacturing industry. AI software and platforms are increasingly being designed to counter cyberthreats in this age of IIoT and connectivity, which will be major driving factor for AI in manufacturing market. In 2018, it was reported that nearly 48% of manufacturers in the U.K. had experienced cyber security incidents till date and half of them had even suffered business disruption or financial losses as a result. With most of an organization’s production and individual data stored on their business platforms, AI will certainly be indispensable for cybersecurity applications in the near future.
All in all, owing to the existence of numerous technology firms and surging investments in automation solutions, the AI in manufacturing market in Europe is anticipated to witness a 44% CAGR from 2019 to 2025. Key software and hardware providers based in Europe, such as Graphcore and SAP, as well as formation of technology partnerships with start-ups by American firms like Google, IBM and Microsoft in the region will define the competitive dynamics of the AI in manufacturing industry.
Author Name : Pankaj Singh
This entry was posted in Sustainable & Smart Technologies and tagged AI in Manufacturing Industry, AI in Manufacturing Market, AI in Manufacturing Market Size, AI in Manufacturing Sector, AI Platform, API, Application Program Interface, Application Specific Integrated Circuit, Artificial Intelligence in Manufacturing Market, ASIC, Automobile, Central Processing Unit, Computer Vision, Context Awareness, CPU, Cybersecurity, Energy & Power, Field Programmable Gate Array, Field Services, Food & Beverages, FPGA, Global Artificial Intelligence in Manufacturing Market, GPU, Graphics Processing Unit, Hardware, Heavy Metals & Machine Manufacturing, Machine Learning, Managed Services, Material Movement, Memory, Natural Language Processing, NLP, Pharmaceutical & Chemical, Predictive Maintenance & Machinery Inspection, Processor, Production Planning, Professional Services, Quality Management, Semiconductor & Electronics, Software.
High-k and ALD/CVD metal precursor market outlook: Large-scale applications of semiconductors across various sectors to drive the industry growth over 2016-2024
Favorable government legislations encouraging production of power saving semiconductor devices will benefit high-k and ALD/CVD metal precursor market. High application potential of semiconductors in mobiles, smartphones, iPhones, cars, and DTV are expected to enhance the growth prospects of the industry over the coming years. As per Global Market Insights, Inc., research study “High-k and ALD/CVD metal precursor industry size is forecast to hit USD 965 million by 2024.” Today, industry players are laying more emphasis on developing processes to form hybrid thin inorganic-organic films with the desired features to reduce production costs, thereby stimulating the demand for high-k and ALD/CVD metal precursors. High popularity of trailing edge devices supporting internet of things (IoT) technology and consumer electronics sector growth, is expected to fuel the industry trends over the coming seven years.
U.S. high-k and ALD/CVD metal precursor market size, by technology, 2013-2024 (USD Million)
Governments across the globe have made heavy investments in nanotechnology research, owing to its growing application across industrial and military sectors, and this is predicted to generate high avenues for high-k and CVD metal precursor industry over the coming timeframe. For instance, EU, U.S., and Japan have made investments of USD 1.2 billion, USD 3.7 billion, and USD 750 million respectively in the national nanotechnology initiative.
Get a Sample Copy of this Report:@https://www.gminsights.com/request-sample/detail/780
Which technologies are expected to play a vital role in high-k and ALD/CVD metal precursor market growth?
Various technologies such as gates, capacitor, and interconnect are expected to influence high-k and ALD/CVD metal precursor industry growth over the coming seven years. Interconnect technology, which had a considerable impact on the global high-k and ALD/CVD metal precursor industry share in 2015, is expected to witness a significant growth over the period of 2016-2024. Gates technology based high-k and ALD/CVD metal precursor market, which was estimated at over USD 33 million in 2015, is forecast to grow considerably over the next few years, owing to high requirement for thermal and chemical stability.
How will the regional landscape shape-up over the period of 2016-2024?
Asia Pacific high-k and ALD/CVD metal precursor industry growth is predicted to be driven by increasing demand for semiconductors across BRICS nations. Thailand, South Korea, and Taiwan are anticipated to offer lucrative growth avenues for the industry. In addition to this, low cost and portability of the precursors are expected to drive the regional growth over the coming seven years.
Moreover, high potential for VLSI (Very Large Scale Integrated) circuit manufacturing along with the predicted increase in the number of CMOS (Complementary Metal Oxide Semiconductor) and DRAM (Dynamic Random Access Memory) applications is projected to propel Europe high-k and ALD/CVD metal precursor market size over the coming years. Germany is anticipated to be the major regional revenue contributor.
North America high-k and ALD/CVD metal precursor industry revenue is expected to witness a high surge over the period of 2016-2024, driven by growing nanotechnology and microelectronics sector. U.S. is projected to contribute significantly towards the regional revenue.
Market participants will try to improve their ROI by adopting key growth strategies such as high R & D investments, competitive pricing, product differentiation, and strategic collaborations. Key industry players include The DOW Chemical Company, Air Liquide, Adeka Corporation, ATMI Incorporated, Air Products & Chemicals Incorporation, and UP Chemical Company Limited.
Author Name : Dhananjay Punekar
This entry was posted in Electronics and Media and tagged ALD/CVD Precursor Report, Capacitor, Dielectric Material, Electrode, Gates, Global High-k and ALD/CVD Metal Precursors Market, High-k & ald cvd metal precursors Market, High-k and ALD Metal Precursor, High-k and ALD/CVD Metal Precursor Market, High-k and ALD/CVD Metal Precursor Market Share, High-k and ALD/CVD Metal Precursor Market Size, Interconnect, Memory, Metal Organic Compounds, Platinum, Poly-Si.