UK AI in manufacturing market is estimated to grow at a CAGR of 32.3% during the forecast period. UK is the 3rd largest economy after Germany and France in Europe. According to the government of UK (gov.uk), over 50 leading companies and organizations have contributed to the development of the AI sector worth around $1.3 billion, including almost $390 million of private sector investment. Furthermore, Chrysalix, a Canadian venture capital, announced in 2018 to open a European headquarters in UK and planned to invest more than $100 million in local start-ups specializing in AI and robotics.

Increasing industrial automation is raising the demand for industrial robots however the density of robots is below the global average (74 robots per 10,000 employees). As per the International Federation of Robotics, UK robot density was 71 per 10,000 employees in 2016, which signifies there is a lot of scope for industrial robots in the country. However, in the last couple of years, the country is adding industrial robots at a lower rate. In 2018, the total new robot installation decreased by 3% to 2,306. Although, in 2017 the country had shown a growth of 31% year on year basis.

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 in 2018 owing to 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. The automobile segment dominated the market in 2018.

There are various prominent players that are significantly contributing to the AI in the manufacturing market which includes SAS Institute Inc., NVIDIA Corp., Google, LLC, IBM Corp., Microsoft Corp., and others. These players adopt various strategies for gaining their position in a highly competitive market.

Research Methodology

The market study of the UK 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. Our team collects facts and data related to the market from different geography to provide a better regional outlook. 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. UK AI in Manufacturing Market Research and Analysis by Application

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

The Report Covers

• Comprehensive research methodology of the UK 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 UK AI in Manufacturing market.
• Insights about market determinants which are stimulating the UK AI in Manufacturing market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.