ARC Predicts Strong Market Growth for AI for Machinery Applications

New ARC Advisory Group research on the global market for AI (artificial intelligence) for Machinery Applications reveals that all regions will experience strong market growth to one degree or another.

“Sales of machinery-related AI applications will have strong growth in all world regions.  However, sales in some regions, including both North America and Latin America, will grow at a slower pace than others due to the shortage of data scientists (in Latin America), the effects of the COVID-19 pandemic, and the relative small numbers of machine builders in these regions,” according to Florian Güldner, Director of Research at ARC Advisory Group and key author of ARC’s AI for Machinery Applications Market Research report. “Significantly, as implementation costs continue to drop and the potential benefits become even more apparent, we expect the technology to gradually make its way into a wide variety of machinery applications, from very small to very complex.”

About the AI for Machinery Applications Market Research

This ARC research explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the AI for Machinery Applications market.  This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques.  The research includes competitive analysis, plus five-year market forecasts by region, application, technology, and machinery segment.

This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations.  These include a:

• Market Intelligence Workbook (Excel) – personalized spreadsheet includes one year of historical data in addition to the current base year market data and five-year market forecast.  This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.

• Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues.  The PDF is available with or without detailed charts.

For more information on this and other available ARC market research, go to www.arcweb.com/market-studies.