Artificial Intelligence in Manufacturing Market is projected to reach $29.1 billion by 2030, at a CAGR of 42.1% from 2023 to 2030
With the advent of Industry 4.0, the manufacturing industry has made significant progress with respect to the adoption of advanced technologies for manufacturing operations and processes. Manufacturing industries are implementing AI-powered intelligent solutions & services for enhancing automation and operational efficiency of organizations. Thus, there is a considerable growth in the demand for the adoption of AI in the manufacturing industry for intelligent manufacturing processes that offer decentralized decision-making, optimizes logistics & supply chains, enhances production outcomes, advances process effectiveness, and minimizes operational costs, enabling an intelligent manufacturing environment.
Asia-Pacific: The fastest-growing regional market
North America commanded the largest share of the overall artificial intelligence in manufacturing market in 2018, followed by Europe, Asia Pacific, Latin America, and Middle East and Africa. However, Asia-Pacific is expected to witness rapid growth during the forecast period. The rapid growth of this region is mainly driven by increasing investment by technology leaders in this region, increasing digitization and favorable government initiatives to promote the adoption of advanced technologies in developing countries such as India, South Korea, and China.
Here are the top 10 companies operating in Artificial Intelligence in Manufacturing Market–
Alphabet is one of the global pioneers in internet-based products and services. The company’s product portfolio ranges from search engines, cloud computing, online advertising technologies, and computer hardware & software. Alphabet also offers search engines, cloud computing, online advertising technologies, and computer hardware & software. In addition to products and services, Alphabet provides G Suite, a productivity tool that can improve management of the various processes that take place in manufacturing because of its capabilities for collaboration. The tool is also handy for automating the flow of information.
The company has its strong global network with more than 70 offices in 50 countries across MEA, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Amazon Web Services provides on-demand cloud computing platforms and APIs. AWS mainly focuses on advanced technologies, such as AI, cloud computing, consumer electronics, e-commerce, and digital streaming. AWS helps manufacturers transform their manufacturing operations with advanced technologies using cutting edge automation, machine learning, AI, and robotics. The company has its geographical presence in MEA, Europe, Asia-Pacific, and RoW.
Microsoft is one of the leading technology providers. The company mainly offers software products, such as Internet Explorer, Microsoft Windows OS, Microsoft Office Suite, and Edge Web browsers. Its leading hardware products are the Microsoft Surface lineup of touchscreen individual computers and Xbox video game consoles. In the manufacturing industry, Microsoft provides Intelligent Supply Chain Solutions, Connected Field Service Solutions, Azure IoT Connected Factory, PTC ThingWorx, and other tools and applications.
With its subsidiaries and strong distribution network, the company has its presence across Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Some of the subsidiaries of Microsoft are Fine Production, GitHub, Semantic Machines, Mojang, Skype, and LinkedIn Corporation.
Nvidia designs graphics processing units (GPUs) for the gaming and professional markets, as well as system on a chip units (SoCs) for the mobile computing and manufacturing markets. Its primary GPU product line, labeled “GeForce,” is in direct competition with Advanced Micro Devices’ (AMD) “Radeon” products. In addition to GPU manufacturing, Nvidia provides parallel processing capabilities to researchers and scientists that allow them to efficiently run high-performance applications. Nvidia brings supercomputer performance to the edge in a small form factor system on module. This allows modern neural networks in parallel and process data from multiple high-resolution sensors, which is a requirement for full AI systems.
With its subsidiaries and strong distribution network, the company has its presence across Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The subsidiaries of the company include PGI Compilers & Tools, Icera, Uli Electronics Inc, and ModViz, Inc.
IBM functions through five key segments, namely, Cognitive Solutions, Technology Services & Cloud Platforms, Global Business Services, Systems, and Global Financing. The company manufactures and sells hardware & software and delivers numerous hosting and consulting services from mainframe processors to nanotechnology domains. The company has a diverse and vast product and service portfolio, including AI, cloud computing, and security.
IBM is the world’s enterprise AI leader and largest cybersecurity company. It provides services to all size enterprises and leaders in diverse industries, including financial services institutions, manufacturers, retailers, and more. The company helps its clients to transform their business and help them to engage with clients and employees.
“Meticulous Research in its latest publication on Artificial Intelligence in Manufacturing Market has predicted the growth of 38.6% during the forecast year 2021-2028”
Intel designs, manufactures, and sells computer components and related products. The company operates through six segments, namely, Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Programmable Solutions Group (PSG), and All other. To help enterprises improve product quality and optimize supply chains, Intel IT works closely with many teams to formulate a strategy that integrates IT solutions across all levels.
With its subsidiaries and a strong network of distribution, the company has its presence in various regions, such as MEA, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The major subsidiaries of Intel are Altera, Mobileye, Nervana Systems, Wind River, and eASIC Corporation, among others.
Siemens manufactures power and energy solutions for building &driving technology, energy, healthcare, industrial automation, mobility, financing, consumer products, and services. It also manufactures market-specific solutions for various industries like aerospace, automotive manufacturing, chemical industry, cranes, fiber industry, cement, food and beverage, marine, mining, oil and gas, and pharmaceutical industry, among others.
The company has its geographic presence in more than 200 countries, which include the U.S., Canada, Mexico, Brazil, Saudi Arabia, China, India, Malaysia, Germany, the U.K., and the Netherlands, among others.
General Electric is a globally diversified technology and financial services company. The company’s products and services include aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing, and industrial products. The company has diversified its business into various segments, including power, oil & gas, lighting, renewable energy, healthcare, aviation, and transportation. General Electric’s Predix Operations Performance Management manages process variability and predicts& improves product quality throughput manufacturing operations at the process level, reducing waste and cost, while increasing yield and efficiency.
With its subsidiaries and a strong network of distribution, the company has its presence in various regions such as Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Rockwell Automation manufactures industrial automation and information solutions throughout the world.The company serves food and beverage, home and personal care, life sciences, automotive and tire, oil and gas, and mining& metal industries. It operates in two segments, namely, Architecture & Software and Control Products & Solutions. The Architecture & Software segment provides control and information platforms, which include controllers, electronic operator interface devices, electronic input/output devices, communication and networking products, and industrial computers.The Control Products & Solutions segment offers services in low and medium voltage electro-mechanical and electronic motor starters, motor and circuit protection devices, AC/DC variable frequency drives, push buttons, signaling devices, termination and protection devices, relays, and timers, and various packaged solutions.
The company has its geographic presence in the U.S., Canada, the Middle East, Africa, Australia, China, India, Japan, Korea, and serves in about 80 countries worldwide.
Advanced Micro Devices operates as a semiconductor company that operates in two segments-Computing and Graphics and Enterprise, Embedded, &Semi-Custom. AMD specializes in manufacturing semiconductor devices used in computer processing. The company offers microprocessors, embedded microprocessors, chipsets, graphics, and video and multimedia products. In addition, it serves original equipment and design manufacturers, datacenters, original design manufacturers, system integrators, distributors, and add-in-board manufacturers.
With its subsidiaries and strong distribution network, the company has its presence across Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Popular Mentions: Oracle Corporation, SAP SE, Robert Bosch GmbH, Cisco Systems, Inc., and Sight Machine Inc.
Authoritative Research on the Artificial Intelligence in Manufacturing Market- Global Opportunity Analysis and Industry Forecast (2021-2028)
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The Wireless Electric Vehicle Charging Systems Market is expected to reach a value of $827.03 million by 2027, at a CAGR of 53.1% during the forecast period 2020–2027.
The growth of the Wireless Electric Vehicle Charging Systems Market is mainly attributed to factors such as the rising demand for electric vehicle (EV) fast-charging infrastructure globally, the increasing implementation of wireless charging infrastructure in the European countries, and the increasing prevalence of range anxiety issues associated with electric vehicles. However, the high cost of implementing wireless charging infrastructure is likely to hinder the market’s growth. The standardization of wireless EV charging systems and the growing use of autonomous vehicles for public transport and logistics are projected to provide significant growth opportunities for vendors operating in Wireless Electric Vehicle Charging Systems Market market.
The Impact of COVID-19 on the Wireless Electric Vehicle Charging Systems Market
In 2019, the global count of electric vehicles on the road (OTR) had crossed 2 million. However, the COVID-19 crisis led to disruptions in supply chains, limitations on operations and workforce, and factory closures globally. The economic slowdown caused a severe decline in vehicle sales, especially in the electric vehicles segment. The demand for electric vehicle charging infrastructure has been impacted significantly. Major investments for deploying EV charging infrastructure have halted since most EVSE (Electric Vehicle Supply Equipment) manufacturers worldwide have been affected due to government restrictions and nationwide lockdowns. For instance, in the U.K., ubitricity and Pod Point halted the construction of new charging stations for the second phase of the Go Ultra Low City Scheme. Similarly, Rolec Services announced temporarily suspending the manufacture of EV charging stations in the U.K. due to COVID-19 restrictions.
However, most governments from affected regions have turned to infrastructure rehabilitation for stimulating economic recovery. Several governments are investing in charging infrastructure either through direct investments in public charging stations or by providing subsidies for the installation of private charging stations at homes and workplaces. Additionally, Wireless EV charging systems are potentially an economical and feasible solution for fleet charging requirements, and electric bus fleets are expected to increase during the forecast period since electric buses do not have tailpipe emissions, and governments across the world are expected to prioritize the adoption of electric buses post COVID-19. The COVID-19 crisis has mildly impacted the wireless EV charging systems market. However, the market is expected to witness a decline, as it will take time to recover from the losses incurred during the COVID-19 pandemic.
Here are the top 10 companies operating in Wireless Electric Vehicle Charging Systems Market
Founded in 2007 and headquartered in Massachusetts, U.S., WiTricity develops wireless charging for electric vehicles. The company specializes in wireless electricity, wireless power transfer, wireless charging, magnetic resonance, and electric vehicles. With its subsidiaries and a strong distribution network, the company has its presence across Europe, the U.S., China, Japan, and South Korea.
The company provides automotive solutions, engineering services & support, and licensing. The company caters to different industry segments, such as consumer electronics, industrial, and medical.
WAVE INC. (Wireless Advanced Vehicle Electrification) develops and manufactures wireless power transfer technology for electric buses. The company offers wireless charging systems with a capacity of up to 250kW. WAVE provides wireless charging solutions based on inductive charging technology to buses on routes throughout the U.S. WAVE Inc. provides Unlimited Range to all-electric bus fleets.
WAVE’s depot provides solutions to charge multiple vehicles automatically without manual valet work and moving plug-in chargers. The company has specialties in wireless power transfer, inductive power, and electric vehicles. In 2021, Ideanomics, Inc. (U.S.) announced signed a definitive agreement to acquire WAVE Inc.
Founded in 2009 and headquartered in Pennsylvania, U.S., Momentum Wireless Power provides various high-power wireless charging solutions for electric vehicles. The company offers magnetic induction systems which allow users to charge commercial and passenger electric vehicle batteries under all weather conditions with completely automatic operations.
Their solution charges various vehicles such as city buses, commercial vehicles, auto fleets, and industrial vehicles. Momentum Wireless Power works on the technology based on resonant magnetic induction’s scientific principle and provides fast, automated charging for all types of EVs.
Founded in 2005 and headquartered in California, Mojo Mobility develops wireless power transfer technology, allowing customers to conveniently charge and power electric vehicles. The company provides wireless charging solutions for various applications, such as mobile charging, wearable technology, automotive infrastructure, electric vehicle charging, consumer, and other applications.
Mojo Mobility, Inc. has partnered with various original equipment manufacturers to create unique and advanced wireless charging technologies. The company works with different technologies such as position-free wireless charging technology, multi-device, integration, wireless vs. cord-charging, and safe charging technology.
Founded in 2011 and headquartered in New York, U.S., HEVO develops wireless charging solutions for electric vehicles. The company offers wireless charging solutions to electric vehicles. HEVO focuses on creating wireless charging technologies for electric vehicles, which provide users with advanced charging technologies.
HEVO power wireless charging solution consists of three components App & Cloud Sync, Power Station, and Wireless Receiver. HEVO app shows nearby charging stations, monitors and evaluates charging statistics, bill payment status, and also indicates the availability of charging stations. With its subsidiaries and a strong distribution network, the company has its presence across North America and Europe, with offices in Brooklyn, Amsterdam, and Silicon Valley.
“Meticulous Research in its latest publication on Wireless Electric Vehicle Charging Systems Market has predicted the growth of 53.1% during the forecast year 2020-2027”
Continental AG develops technology and services for sustainable and connected mobility globally. The company offers safe, efficient, and intelligent solutions for machines and vehicles. The company operates through two reportable segments—Automobile Group and Rubber Group. The Automotive Group consists of chassis & safety, powertrain, and interior, and Rubber Group consists of tires and contitech.
In the EV wireless charging systems market, the company offers its AllCharge charging system and automated wireless charging solution for electric vehicles With its subsidiaries and a strong distribution network, the company has its presence across Europe, North America, Asia, and other regions. Continental AG also focuses on innovation such as automated driving, connectivity, technology for future mobility, electric mobility, safety technologies, infotainment systems, and agriculture. The company operates in EV wireless charging technology through its electric mobility division.
Daihen is an electric and electronic manufacturing company. The company provides different products, such as transformers, solar inverters, power distribution equipment, welding machines, cutting machines, industrial robots, wireless power transmission systems, RF/MW generators, and automatic matching units for plasma applications. Daihen Corporation has ten sales bases and eight production bases globally.
The company operates through four reportable segments: Semiconductor & FPD Related, Welding & Mechatronics, Power Products, and Other. Daihen Corporation has thirty-eight subsidiaries and six affiliates globally. Through its Welding & Mechatronics business segment, the company provides wireless power transfer systems.
Founded in 2013 and headquartered in Israel, Electreon Inc. is a publicly-traded company, which develops and implements Wireless Electric Road Systems (ERS). The company focuses on enhancing E-mobility and eliminating the use of fossil fuels for transportation. Electreon has developed a smart road technology using a dynamic wireless electric system for the electrification of transportation. The firm uses wireless electric system technology to reduce the need for heavy batteries. It focuses on smart road technology, wireless energy, public transportation, electric vehicles, E- mobility, and autonomous vehicles.
Electreon Inc. has several ongoing pilot projects on dynamic wireless charging in various locations, such as Tel Aviv, Gotland, Germany, and Italy.
Founded in 2013 and headquartered in Vancouver, Canada, ELIX Wireless is a privately held company with high-performance wireless power transfer expertise. The company develops wireless power transfer technologies using magneto dynamic coupling to deliver safe and sufficient power for applications, such as autonomous vehicles, warehouse and material handling robots, and automated guided vehicles (AGV).
ELIX Wireless has an engineering center in Chongqing, China. ELIX Wireless provides solutions to buses & trucks, passenger cars, mining equipment, anti-idling, material handling, industrial, medical, and subsea.
Founded in 1902 and headquartered in France, Groupe Delachaux is a global player in providing engineered solutions. The company provides solutions to 50% of the world’s railways, two-thirds of the world’s seaports, and half of the planes flying. Groupe Delachaux provides solutions to rail infrastructure, rail signaling, energy & data management systems, and chromium metal. With its subsidiaries and a strong distribution network, the company has its presence across Europe, MEA, the Americas, and APAC.
Groupe Delachaux offers brands such as Pandrol (France) in rail infrastructure, Frauscher (Austria) in rail signaling, Conductix Wampfler (Germany) in energy and data management systems, and DCX Chrome (France) in chromium metal. The company operates in the wireless EV charging market through Conductix Wampfler.
Popular Mentions: INTIS GmbH, PLUGLESS POWER INC., TGood Global, Ltd., Toshiba Corporation, and ZTE Corporation
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Authoritative Research on the Wireless Electric Vehicle Charging Systems Market – Global Opportunity Analysis and Industry Forecast (2020-2027)
Need more information? Meticulous Research®’s new report covers each of these companies in much more detail, providing analysis on the following:
- Recent financial performance of
Wireless Electric Vehicle Charging Systems Market
- Key products
- Significant company strategies
- Partnerships and acquisitions
- The Impact of COVID-19 on the Wireless Electric Vehicle Charging Systems Market
The Comprehensive report of Wireless Electric Vehicle Charging Systems Market provides global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.
Please download report pages of Wireless Electric Vehicle Charging Systems Market and learn more: https://www.meticulousresearch.com/download-sample-report/cp_id=5178
