China AI in manufacturing market is estimated to grow significantly at a CAGR of over 35% during the forecast period. China has a huge potential for the grwoth of the market in the near future. One of the major factors contrivuting to the growth of the AI in manufacturingmarket in China is “Made in China” strategy. China is adopting smart factory technologies for enhancing the competitiveness as it seeks to close the gap in manufacturing prowess with Japan and Germany by 2035 under its “Made in China” strategy.

Further, the abundance of economic labor has made the country an attractive destination for investment considering the low-cost labor and improved infrastructure. As a result, the manufactured products constitute a significant share of the country’s trade. The manufacturing industry requires to meet the increasing demand for a high-quality standard that can be met through quality control, predictive analytics, and supply network optimization. With the rising manufacturing industry in the region, the demand for these application increases which in turn drives the regional growth of the market.

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. Predictive maintenance held the highest share of the market in 2018. This is attributed to the increasing demand for accuracy and reliability during the manufacturing process. Based on end-user, the market is segmented into automobile, pharmaceutical, heavy metal & machine manufacturing and others. 

Global players such as Honeywell International Inc., ABB Ltd., Siemens AG and others are expanding their reach in the Chinese market, which in turn contribute to the growth of the AI in manufacturing market in China. For instance, in 2019, Honeywell International Inc., launched its Smart Manufacturing Research Center in Shanghai to tap into the Chinese market by diversifying its investment and development in the country. The center will serve in an advisory role for Chinese businesses and the Chinese government, and facilitate collaborations with universities, research institutes, and nonprofit organizations to facilitate the high-quality development of the country.

Research Methodology

The market study of the China AI in manufacturing market is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for IT companies, software vendors, automotive industry, healthcare companies, research institutes, government organizations, and other market participants for the overall market and competitive analysis. The report provides an in-depth analysis on market size, and future market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.

Market Segmentation

1. China AI in Manufacturing Market Research and Analysis by Application

2. China AI in Manufacturing Market Research and Analysis by End-User 

The Report Covers

• Comprehensive research methodology of the China AI in Manufacturing market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the China AI in Manufacturing market.
• Insights about market determinants which are stimulating the China AI in Manufacturing market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.