Asia-Pacific AI in manufacturing market is estimated to grow significantly at a CAGR of 34.8% during the forecast period. The major countries which will contribute to the market include China, India, and Japan. China is the biggest player in AI in manufacturing market. Asia-Pacific region has a potential market due to the increasing R&D and investments by big pharmaceutical companies in life science research coupled with harnessing innovation, that spurs the growth of AI-based manufacturing in the healthcare industry. Further, the advancement in consumer electronics, growing automotive sales, and the significant growth of major emerging economies, such as China, India, Japan, and South Korea will further boost the growth of AI in manufacturing in these industries.
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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. Based on end-user, the market is segmented into automobile, pharmaceutical, heavy metal & machine manufacturing and others. The country-level analysis of the report covers three major economies including China, Japan, and India. India is the fastest-growing economy for AI in manufacturing in the Asia-Pacific region. Adoption of various government policies to drive AI innovation such as digital India, and proliferation in various sectors such as IT, healthcare, and consumer goods give a boost to the growth of the market.
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Market Segmentation
Asia-Pacific AI in Manufacturing Market by Application
- Quality Control & Reclamation
- Predictive Maintenance
- Supply Network Optimization
- Others (Production Planning)
Asia-Pacific AI in Manufacturing Market by End-User
- Automobile
- Pharmaceutical
- Heavy Metal & Machine Manufacturing
- Others (Semiconductor and Electronics)
Regional Analysis
- China
- Japan
- India
- Rest of Asia-Pacific
Company Profiles
- ABB Ltd.
- Altizon Inc.
- Automation Anywhere, Inc.
- Baidu, Inc.
- Capgemini Services SAS
- Fujitsu Ltd.
- Honeywell International Inc.
- IBM Corp.
- Panasonic Corp.
- Plex Systems
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