China AI in manufacturing market is estimated to grow significantly at a CAGR of over 35% during the forecast period. China has a huge potential for the grwoth of the market in the near future. One of the major factors contrivuting to the growth of the AI in manufacturingmarket in China is “Made in China” strategy. China is adopting smart factory technologies for enhancing the competitiveness as it seeks to close the gap in manufacturing prowess with Japan and Germany by 2035 under its “Made in China” strategy.
Further, the abundance of economic labor has made the country an attractive destination for investment considering the low-cost labor and improved infrastructure. As a result, the manufactured products constitute a significant share of the country’s trade. The manufacturing industry requires to meet the increasing demand for a high-quality standard that can be met through quality control, predictive analytics, and supply network optimization. With the rising manufacturing industry in the region, the demand for these application increases which in turn drives the regional growth of the market.
The market is segmented on the basis of application and end-user. Based on application, the market is segmented into quality control & reclamation, predictive maintenance, supply network optimization, and others including production planning. Predictive maintenance held the highest share of the market in 2018. This is attributed to the increasing demand for accuracy and reliability during the manufacturing process. Based on end-user, the market is segmented into automobile, pharmaceutical, heavy metal & machine manufacturing and others.
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China AI in Manufacturing Market Segmentation
By Application
- Quality Control & Reclamation
- Predictive Maintenance
- Supply Network Optimization
- Others (Production Planning)
By End-User
- Automobile
- Pharmaceutical
- Heavy Metal & Machine Manufacturing
- Others (Semiconductor and Electronics)
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Company Profiles
- ABB Ltd.
- Automation Anywhere, Inc.
- Baidu, Inc.
- Fujitsu Ltd.
- Honeywell International Inc.
- IBM Corp.
- Schneider Electric SE
- Siemens AG
- Telefonaktiebolaget LM Ericsson
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