The global artificial intelligence market in the industrial sector was valued at almost USD 1 billion in 2016 and is expected to surpass USD 4 billion by 2021, says Technavio.
Technavio has announced its latest market research report on the global artificial intelligence market in the industrial sector to its robotics portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like Amazon Web Services, IBM, Siemens, and Omron Adept Technologies.
According to Bharath Kanniappan, a lead analyst for robotics research at Technavio, “Deep-learning software attempts to mimic the activity and functioning of the human neocortex and is capable of learning to recognize patterns of sounds, images, and other data. The research scientists in the global market are using powerful computers and advanced mathematical formulas to design several layers of virtual neurons and multiple neural networks in this learning software.”
The vendors in the market are developing industrial robots that can perform complex functions such as image recognition and have advanced learning abilities which will allow these machines to train other robots as well. The manufacturers in the global market are investing in the development of supercomputers which will allow them to innovate and advance various AI technologies.
Use of AI to combat cyber security threats
The rise in security issues and data breaches in manufacturing industries, such as oil and gas, automotive, pulp and paper, chemical and petrochemical, food and beverage and pharmaceutical will lead to the growth of the market. AI technologies introduced in the market to combat cyber security threats are designed to identify and kill malware rapidly especially during the development of the malware itself. Deep learning software in AI market can assimilate information related to millions of variants of malware and benign programs protecting information from cyber threats.
Rise in swarm AI technology
Swarm intelligence in AI technology is the collective behavior of decentralized, self-organized, and simple agents that can maintain constant communication with each other and adapt to the environment. These are specialized robots that act autonomously or communicate and collaborate with other robot ants and devise a strategy to reach a final goal. Several AI start-ups are specializing in swarm technology to meet the demands of critical industrial applications.
This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Artificial Intelligence Market in the Industrial Sector 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Industrial Robotics Market in Rubber and Plastic Industry 2016-2020
- Global Smart Robots Market 2016-2020
- Smart Machines Market in Europe 2016-2020
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