European AI in manufacturing market is estimated to grow significantly at a CAGR of 32.6% during the forecast period. Europe has a huge potential for the growth of AI in manufacturing owing to the significant investment made in the industry. The presence of major market players, well-developed automotive, industrial equipment, and pharmaceutical industries, fast adoption of new technology, and significant adoption of industrial robots are some of the major factors that contribute to the growth of the market in the region. Germany is expected to be the fastest-growing market in the region.
One of the major motivating factors that push the European region upward is the presence of supportive government initiatives. Europe is a fully developed region in terms of technological advancement. In April 2018, the European Commission planned to invest $10.5 billion to develop the first-ever Digital Europe program. Digital Europe program will significantly raise the competitive position of the European Union in the international market. Within the program, Europe commission will invest to develop and reinforce the capabilities such as high-performance, computing, AI, cybersecurity, and advanced digital skills.
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 had the highest share of over 35% in the market owing 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. The automobile segment held the highest market share in 2018.
To Request a Sample of our Report on European AI in Manufacturing Market: https://www.omrglobal.com/request-sample/european-ai-in-manufacturing-market
European 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)
A full Report of European AI in Manufacturing Market is Available at: https://www.omrglobal.com/industry-reports/european-ai-in-manufacturing-market
Regional Analysis
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Company Profiles
- Automation Anywhere, Inc.
- Fujitsu Ltd.
- IBM Corp.
- Intel Corp.
- Knime AG
- Microsoft Corp.
- NVIDIA Corp.
- Rockwell Automation, Inc.
- Siemens AG
- Schneider Electric SE
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
