This market research report presents a comprehensive segmentation of the smart machines market in the Americas by types (expert system, autonomous robots and digital assistant) and by end-users (manufacturing and service). The leading vendors analyzed in this market study are Aethon, BAE Syatems and Rethink Robotics.
Technavio’s market research analysts estimate the smart machines market in the Americas, to grow at a CAGR of 15% between 2016 and 2020. Smart machines correct and prevent processing errors that occur due to the wear and tear of mechanical components and drift of thermal working point. These machines can hold information about a series of processes and machine conditions as they are equipped with sensors. The rising concept of Industry 4.0 that include automation, IoT, cloud computing, and smart machines in the automotive and electricals and electronics industries is crucial for the growth of the smart machines market in the Americas.
The new market research report from Technavio provides a breakdown and analysis of the smart machines segments by technology.
“Cloud computing, cyber-security, and mobile communications technologies are some of the major smart technologies gaining momentum in the American market. The need to monitor and evaluate real-time data and the process of streamlining the manufacturing set-up has increased investments in smart machines with artificial intelligence (AI) technology. To mitigate cyber threats and other risks, companies are investing in smart technologies that would aid the OEM to achieve high productive in a secure environment,” says Bharath Kanniappan, Lead Analyst, Industrial Automation, Technavio Research
Expert systems are gaining popularity in the Americas in both the manufacturing and services sectors. The segment occupies around 65% of the total market share. The growth of expert system is slightly high in the service sector, such as healthcare, retail, and agriculture, compared to the manufacturing sector. The expert systems such as smart grids are in high demand due to the modernization of the substations and installation of smart meters in every household, which is expected to have a high demand by 2021.
Th key vebdors in the smart machines market in the Americas include Aethon, BAE Syatems and Rethink Robotics. The market is concentrated among top vendors of autonomous robots, expert systems, and digital systems. However, the competition in the market is expected to intensify during the forecast period, owing to the expansion of product portfolios by new start-up and small vendors.
A more detailed analysis is available in the Technavio report, Smart Machines Market in the Americas 2016-2020.
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