This report was recently updated on April 18 2024 with the latest and most recent
market numbers
AI IN MECHATRONICS MARKET SIZE & ANALYSIS - FORECASTS TO 2025 By Product (Service, Industrial), By Application (Military & Defense, Law Enforcement, Personal Assistance & Caregiving, Public Relations, Education & Entertainment, Research & Space Exploration, Industrial, Healthcare Assistance, Others), By Region (North America, Europe, Asia-Pacific, Central & South America, and Middle East & Africa), End-use Landscape, Vendor Landscape, Market Share & Competitive Landscape - Global Market Estimates
AI In Mechatronics Market Insights
The demand for artificial intelligence in mechatronics is expected to grow at a high CAGR over the forecast period. Mechatronics is an integration of mechanical engineering and electronics. Artificial intelligence has gained wide preference in the market over the past few years. The increasing need for computer systems and machines to function in a similar way as humans is expected to drive artificial intelligence in mechatronics over the coming years.
AI In Mechatronics Market: Product Insights
On the basis of product, the AI in mechatronics market is segmented into service and industrial. The need for artificial intelligence in the industrial sector is expected to propel market demand over the coming years. The increasing adoption of robotic systems in the automotive, healthcare, research & space exploration, and industrial sector is projected to positively impact market demand over the coming years.
AI In Mechatronics Market: Application Insights
On the basis of application, the AI in mechatronics market is segmented into military & defense, law enforcement, personal assistance & caregiving, public relations, education & entertainment, research & space exploration, industrial, healthcare assistance, and others. The use of artificial intelligence in mechatronics is expected to increase as it enables accuracy and efficiency. Companies are expected to invest large amounts in integrating artificial intelligence with mechatronics as it would help increase productivity and improve quality.
AI In Mechatronics Market: Regional Insights
The demand for AI in mechatronics is expected to occupy a large share in the Asia Pacific and is also projected to grow at the highest CAGR over the forecast period. Countries such as China, South Korea, and Japan are expected to invest heavily in technological upgradation of the automotive and industrial sector. Rapid industrialization in the Asia Pacific region is projected to boost demand over the coming years. The integration of AI in mechatronics in the North American and European region is also expected to increase on account of faster technological adoption in the region.
AI In Mechatronics Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
AI In Mechatronics Market: End-Use Landscape
The report provides a detailed list of end-users operating across the world. The end-user landscape includes consumer contact details, geographical presence, revenue, product portfolio, organic and inorganic growth strategies among others. Some of the companies who are likely to use AI in mechatronics include Volkswagen, General Motors, and Toyota among others.
AI In Mechatronics: Market Share & Competitor Analysis
Some of the prominent companies engaged in AI in mechatronics include Softbank, Hanson Robotics, Nvidia, Intel, Microsoft, IBM, Alphabet, Harman International Industries, and Xilinx among others. The integration of AI and mechatronics is expected to receive large demand in research & development for various applications.
Please note: This is not an exhaustive list of companies profiled in the report.
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The global AI in mechatronics market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the AI in mechatronics market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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