Artificial Intelligence in Machinery

The Artificial Intelligence (AI) for Machinery applications research gives an overview of the technology, application, and markets for AI on the machinery level.  The research delivers current market analysis plus a five year market and technology forecast.

Artificial Intelligence in Machinery Is Gaining Traction

ARC Advisory Group research shows that Artificial Intelligence in Machinery is gaining traction as it facilitates higher productivity and efficiency for many businesses. The rapid evolution of computing power is enabling AI applications in industrial operations. The combination of edge devices, integration of AI chips, accelerators, and AI controllers have simplified the process for machine builders to seamlessly add AI capabilities to machinery applications. For end users, AI can improve operational efficiency and reduce overall costs. The combination of advanced computing infrastructure and AI capabilities will kick off a new era of operational efficiency at the machine level, enabling manufacturers to benefit from data-driven insights into manufacturing processes.

Artificial Intelligence in Machinery Strategic Issues

Artificial Intelligence in Machinery market trendsIn addition to providing a five-year market forecast, the AI for machinery applications market research provides detailed quantitative current market data and addresses key strategic issues as follows.

Beware of Legal Constraints

Address legal questions from the beginning of the project, as they make or break any application. Worldwide are ongoing discussions how to regulate AI. The European Union (EU) is currently leading the way in the regulation of AI worldwide. It has been working for a long time on a corresponding legislative project, the Artificial Intelligence Act (AIA). This proved difficult in part because technological development is rapid and discussion processes are sometimes simply outdated. Now, however, the AI Act has been adopted by the European Parliament. The text now has to be agreed with the EU Commission and the member states in the so-called “trialogue” before it officially comes into force. An agreement is expected to be reached by the end of the year 2023. Companies will then have two years to adapt to the changed framework conditions.

Consider the Lifecycle from R&D to Implementation

The expenses associated with AI implementations could be substantial and potentially act as a deterrent to adoption. End users should factor in the complete ownership costs of an AI solution, spanning from research and development to model design, implementation, and ongoing maintenance. Additional infrastructure costs, such as supplementary hardware, storage, or computing power, could further augment the overall project expenses.

Data in an Extended Sense

The value of data increases as businesses formulate and execute their digitalization strategies. Machine builders leverage data to enhance their equipment, while end users employ it to streamline operations and facilitate strategic decision-making. It‘s imperative for users to establish precise definitions for the technical, business, security, and legal aspects of machine data transparency, ownership, and acquisition. Users might also contemplate the possibility of charging OEMs for providing access to labeled operational data.

Market Data Research Available Datasets

This in-depth market data research is available as a Market Growth Outlook Service.  This service is configured into several sub-modules to meet the needs of executives as well as marketing, sales, and product development managers.  A brief description of the sub-modules and their use cases is included below.

Market Growth Outlook

ARC’s market growth outlook service delivers an in-depth market opportunity analysis including five-year market and technology forecasts and 3-year history trend lines where available. Besides providing an in-depth analysis of the market opportunity provided by each technology, this service allows technology suppliers to analyze their own customized markets consisting of multiple technologies. For example, customers can view different market scenarios by adding or removing technology markets from the analysis, providing them a Total Available Market (TAM) view of their own served market. A list of the available market growth outlook services can be seen in the list below.  

This service is designed to help accelerate your organization's ability to understand an up-to-date view of the market opportunity provided by your current product portfolio and analyze how your company’s market opportunity would change if you were to acquire or divest a particular product line. The service will also help you identify and capitalize on emerging markets, whether these markets are based on an emerging technology, region, vertical industry, or application. Built upon a proprietary market model and ARC’s field proven primary research, this service helps product and marketing managers optimize their business plans by identifying the opportunities provided by emerging trends. ARC’s reputation as the preeminent independent provider of market growth opportunity analyses for nearly four decades also provides greater weight to your business plans. ARC’s market growth outlook services are available in a variety of formats depending on whether you view your market opportunities via different technologies, industries, or world regions.  

In addition, ARC has a strong history of providing customized market opportunity reports and services to meet your specific needs.  For example, you may sell your products only to specific industries and/or in only one or two regions. You tell us your served markets and ARC can quickly configure a report or service designed to best serve your served market.

ARC provides several versions of these reports and services depending on your role in the organization. Executive Views are high level market opportunities designed to help executives quickly identify key trends and market opportunities around the world.  In-depth market opportunity analyses provide marketing and product managers more detailed technology specific market information to plan marketing and product development strategies.  The following table shows more specific information included in each version.

Market Growth Outlook AnalysisUse CasesTarget Role
Worldwide Market Growth Outlook by Industry & Region with 3-year history where availableIn-depth technology-specific strategic growth planning across multiple technologies, applications, regions, and industriesProduct & Marketing Managers
Worldwide Industry Growth Outlook by Region with 3-year history where availableStrategic technology growth planning for markets defined by a single or multiple vertical industriesIndustry Managers
Regional/Country Market Growth Outlook by Technology & Industry with 3-year history where available (includes country data)Strategic technology growth planning for markets defined by a single or multiple world regionsRegional & Country Sales Managers
Market Growth Outlook Executive ViewStrategic Total Available Market (TAM) growth planning dashboard covering multiple vertical industries, technologies, and world regionsExecutives

Worldwide Research Focus Areas

Strategic Analysis

  • Executive Overview
  • Market Trends
  • Buyer Strategies
  • Supplier Strategies
  • Growth Contributors and Inhibitors

Scope of Research

  • Segmentation by Region
    • North America
    • Europe, Middle East, Africa
    • Asia
    • Latin America
  • Segmentation by Revenue Category
    • Hardware
    • Software
    • Services
  • Segmentation by Application
    • Cybersecurity
    • Energy Management
    • HMI
    • Maintenance
    • Motion Planning
    • Operational Simulation & Optimization
    • Quality Control
    • Safety
  • Segmentation by Technology
    • Intelligent Systems
    • Machine Learning
    • Machine Perception
    • Natural Language Processing (NLP)
  • Segmentation by Machinery Segment
  • Segmentation by Customer Type
  • Segmentation by Sales Channel

Market Forecasts

  • Total Revenue for AI in Machinery Market
  • Revenues by Region
    • North America
    • Europe, Middle East, Africa
    • Asia
    • Latin America
  • Revenues by Revenue Category
    • Hardware
    • Software
    • Services
  • Revenues by Application
    • Cybersecurity
    • Energy Management
    • HMI
    • Maintenance
    • Motion Planning
    • Operational Simulation & Optimization
    • Quality Control
    • Safety
  • Revenues by Technology
    • Intelligent Systems
    • Machine Learning
    • Machine Perception
    • Natural Language Processing (NLP)
  • Revenues by Machinery Segment
  • Revenues by Customer Type
  • Revenues by Sales Channel

Industry Participants

The research identifies all relevant suppliers serving this market.  
 

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