Smart Machines Market

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Smart Machines in Enterprise, Industrial Automation, and IIoT by Technology, Product, Solution, and Industry Verticals 2021 – 2026

This report also evaluates the hardware, embedded software, and related services for the smart machines market. The report also assesses the market for smart machines in many industry verticals including aerospace and defense, automotive, banking, consumer electronics, healthcare, industrial automation, cybersecurity, transportation and logistics with forecasts from 2021 through 2026.



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    Description

    Smart machines collectively represent intelligent devices, machinery, equipment, and embedded automation software that perform repetitive tasks and solve complex problem autonomously. Along with Artificial Intelligence, IoT connectivity, and M2M communications, they are a key component of smart systems, which include many emerging smart machine market technologies such as smart dust, neuro computing, and advanced robotics.

    Smart Machines Market Dynamics

    The drivers for enterprise and industrial adoption of smart machines include improvements in the smart workplace, smart data discovery, cognitive automation, and more. Currently conceived smart machine market offerings include autonomous robots (such as service robots), self-driving vehicles, expert systems (such as medical decision support systems), medical robots, intelligent assistants (such as automated online assistants), virtual private assistants (Siri, Google Assistant, Amazon Alexa, etc.), embedded software systems (such as machine monitoring and control systems), neurocomputers (such as purpose-built intelligent machines), and smart wearable devices.

    Smart machines will also benefit significantly from advancements in the convergence of AI and IoT, also known as the artificial intelligence of things (AIoT). In fact, the AIoT market will in many ways power the smart machines market. This is because the degree of intelligence for a machine is largely determined by the degree to which it is connected via IoT and can make smart decisions via AI. The combined power of AI and IoT via AIoT is moving beyond consumer products, such as appliances, and is anticipated to rapidly move into many enterprise and industrial machines.

    Smart Machines Market Report

    This research evaluates the smart machine market ecosystem including technology building blocks, leading company strategies, products and services. The report evaluates various smart machine solutions, products, and services including autonomous robots, expert systems, intelligent assistants, neurocomputers, and wearable devices. This report also evaluates the hardware, embedded software, and related services for smart machines. The report also assesses the market for smart machines in many industry verticals including aerospace and defense, automotive, banking, consumer electronics, healthcare, industrial automation, security, transportation and logistics.

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    Additional information

    License Type

    , , ,

    Published

    2021

    Pages

    82

    Target Audience

    Artificial Intelligence Solution Providers, Automation and Robotics Companies, Communications Services Providers, Industrial Automation Solution Providers, Research and Development Organizations, Systems Integration Companies

    Select Findings

    • The global smart machine market will reach $29.9 billion by 2026
    • Asia-Pacific will lead the smart machines market at $11.6 billion by 2026
    • Cognitive technologies in North America market will reach $1.43 billion by 2026
    • Autonomous robots will reach $9.5 billion globally by 2026, growing a CAGR of 18.6%
    • Neurocomputing solutions for smart machines will reach $1.8 billion globally by 2026

    Companies in Report

    • ABB Ltd.
    • Apple Inc.
    • Axis Communications AB
    • BAE Systems
    • Baidu Inc.
    • Cisco Systems
    • Digital Reasoning Systems Inc.
    • General Electric Co.
    • Google Inc.
    • Hewlett Packard Enterprise (HPE)
    • Honeywell International Inc.
    • IBM Corporation
    • Koninklijke Philips N.V
    • KUKA AG
    • LG Electronics
    • Microsoft Corporation
    • Motion Controls Robotics Inc.
    • Narrative Science Inc.
    • NVIDIA Corporation
    • Rethink Robotics
    • Rockwell Automation Inc.
    • Samsung Electronics Co Ltd.
    • SparkCognition Inc.

    Table of Contents

    1 Executive Summary
    2 Introduction
    2.1 Smart Machines in Perspective
    2.2 Smart Machine Drivers
    2.3 Smart Machine Market Development
    2.4 Smart Machine Industry Dynamics
    3 Smart Machine Ecosystem
    3.1 Cognitive Computing and Artificial Intelligence
    3.2 Sensor Networks and Smart Dust
    3.3 Application Specific Algorithm and Machine Learning
    3.4 Purpose Built Smart Machines and Neurocomputer
    3.5 Intelligent Automation and Robotic Process Automation
    3.6 Industrial Automation System
    3.7 Workplace Automation Systems
    3.8 IoT and Smart Systems
    3.9 5G, MEC, and Cloud Computing
    4 Smart Machine Use Cases
    4.1 Artificial Intelligence is Transforming ERP Solutions
    4.2 Enabling IT Personnel to Focus on Strategic Tasks
    4.3 Automation of a Manual Sub-Assembly Process in a Car Manufacturing Plant
    4.4 Robotic Process Automation
    4.5 Automation in the Workplace
    5 Smart Machine Market Drivers and Challenges
    5.1 Drivers
    5.2 Challenges
    6 Smart Machine Market Analysis and Forecasts
    6.1 Global Market Forecast 2020-2028
    6.1.1 Total Smart Machine Market
    6.1.2 Smart Machine Product Market
    6.1.3 Smart Machine Technology Market
    6.1.4 Smart Machine Market Segment
    6.2 Regional Market Forecast 2020-2028
    6.2.1 Smart Machine Regional Market
    6.2.2 APAC Smart Machine Market
    6.2.3 North America Smart Machine Market
    6.2.4 Europe Smart Machine Market
    6.2.5 ME&A Smart Machine Market
    6.2.6 Latin America Smart Machine Market
    7 Company Analysis
    7.1 IBM Corporation
    7.1.1 Company Overview
    7.1.2 Strategic Initiatives
    7.2 Google Inc.
    7.2.1 Company Overview
    7.2.2 Strategic Initiatives
    7.3 Narrative Science Inc.
    7.3.1 Company Overview
    7.3.2 Strategic Initiatives
    7.4 Apple Inc.
    7.4.1 Company Overview
    7.4.2 Strategic Initiatives
    7.5 Digital Reasoning Systems Inc.
    7.5.1 Company Overview
    7.5.2 Strategic Initiative
    7.6 Microsoft Corporation
    7.6.1 Company Overview
    7.6.2 Strategic Initiatives
    7.7 General Electric Co.
    7.7.1 Company Overview
    7.7.2 Strategic Initiatives
    7.8 Rockwell Automation Inc.
    7.8.1 Company Overview
    7.8.2 Strategic Initiatives
    7.9 ABB Ltd.
    7.9.1 Company Overview
    7.9.2 Strategic Initiatives
    7.10 LG Electronics
    7.10.1 Company Overview
    7.10.2 Strategic Initiatives
    7.11 Nvidia Corporation
    7.11.1 Company Overview
    7.11.2 Strategic Initiatives
    7.12 SparkCognition Inc.
    7.12.1 Company Overview
    7.12.2 Strategic Initiatives
    7.13 Cisco Systems
    7.13.1 Company Overview
    7.13.2 Strategic Initiatives
    7.14 Koninklijke Philips N.V
    7.14.1 Company Overview
    7.14.2 Strategic Initiatives
    7.15 Axis Communications AB
    7.15.1 Company Overview
    7.15.2 Strategic Initiatives
    7.16 Hewlett Packard Enterprise
    7.16.1 Company Overview
    7.16.2 Strategic Initiatives
    7.17 Samsung Electronics Co Ltd.
    7.17.1 Company Overview
    7.17.2 Strategic Initiatives
    7.18 Baidu Inc.
    7.18.1 Company Overview
    7.18.2 Strategic Initiatives
    7.19 KUKA AG
    7.19.1 Company Overview
    7.19.2 Strategic Initiatives
    7.20 Motion Controls Robotics Inc.
    7.20.1 Company Overview
    7.20.2 Strategic Initiatives
    7.21 Rethink Robotics
    7.21.1 Company Overview
    7.21.2 Strategic Initiatives
    7.22 BAE Systems
    7.22.1 Company Overview
    7.22.2 Strategic Initiatives
    7.23 Honeywell International Inc.
    7.23.1 Company Overview
    7.23.2 Strategic Initiatives
    8 Conclusions and Recommendations

    Figures

    Figure 1: Smart Machine Concept 
    Figure 2: Smart Machine Ecosystem 
    Figure 3: Cognitive Computing Application Layer 
    Figure 4: Smart Dust Development Framework 
    Figure 5: Global Smart Machine Market
    Figure 6: Global Smart Machine Market Yearly Growth Rate
    Figure 7: Smart Machine Market Share by Region 
    Figure 8: APAC Smart Machine Market Share by Country 
    Figure 9: North America Smart Machine Market Share by Country 
    Figure 10: Europe Smart Machine Market Share by Country 
    Figure 11: ME&A Smart Machine Market Share by Country 
    Figure 12: Latin America Smart Machine Market Share by Country

    Tables

    Table 1: Global Smart Machine Market by Product 2021 – 2026
    Table 2: Global Smart Machine Product Market Share
    Table 3: Global Smart Machine Market by Technology 2021 – 2026
    Table 4: Global Smart Machine Technology Market Share
    Table 5: Global Smart Machine Technology Market by Cognitive Technology Type 2021 – 2026
    Table 6: Global Smart Machine Technology Market by Robotics Type 2021 – 2026
    Table 7: Global Smart Machine Technology Market by Neurocomputing Type 2021 – 2026
    Table 8: Global Smart Machine Market by Segment 2021 – 2026
    Table 9: Global Smart Machine Market Share by Segment
    Table 10: Global Smart Machine Market by Industrial Vertical 2021 – 2026
    Table 11: Global Smart Machine Market Share by Industry Vertical
    Table 12: Smart Machine Market by Region 2021 – 2026
    Table 13: APAC Smart Machine Market by Product 2021 – 2026
    Table 14: APAC Smart Machine Market by Technology 2021 – 2026
    Table 15: APAC Smart Machine Technology Market by Cognitive Technology Type 2021 – 2026
    Table 16: APAC Smart Machine Technology Market by Robotics Type 2021 – 2026
    Table 17: APAC Smart Machine Technology Market by Neurocomputing Type 2021 – 2026
    Table 18: APAC Smart Machine Market by Segment 2021 – 2026
    Table 19: APAC Smart Machine Market by Industrial Vertical 2021 – 2026
    Table 20: APAC Smart Machine Market by Country 2021 – 2026
    Table 21: North America Smart Machine Market by Product 2021 – 2026
    Table 22: North America Smart Machine Market by Technology 2021 – 2026
    Table 23: North America Smart Machine Technology Market by Cognitive Technology Type 2021 – 2026
    Table 24: North America Smart Machine Technology Market by Robotics Type 2021 – 2026
    Table 25: North America Smart Machine Technology Market by Neurocomputing Type 2021 – 2026
    Table 26: North America Smart Machine Market by Segment 2021 – 2026
    Table 27: North America Smart Machine Market by Industrial Vertical 2021 – 2026
    Table 28: North America Smart Machine Market by Country 2021 – 2026
    Table 29: Europe Smart Machine Market by Product 2021 – 2026
    Table 30: Europe Smart Machine Market by Technology 2021 – 2026
    Table 31: Europe Smart Machine Technology Market by Cognitive Technology Type 2020-2023
    Table 32: Europe Smart Machine Technology Market by Robotics Type 2021 – 2026
    Table 33: Europe Smart Machine Technology Market by Neurocomputing Type 2021 – 2026
    Table 34: Europe Smart Machine Market by Segment 2021 – 2026
    Table 35: Europe Smart Machine Market by Industrial Vertical 2021 – 2026
    Table 36: Europe Smart Machine Market by Country 2018-2023
    Table 37: ME&A Smart Machine Market by Product 2021 – 2026
    Table 38: ME&A Smart Machine Market by Technology 2021 – 2026
    Table 39: ME&A Smart Machine Technology Market by Cognitive Technology Type 2021 – 2026
    Table 40: ME&A Smart Machine Technology Market by Robotics Type 2021 – 2026
    Table 41: ME&A Smart Machine Technology Market by Neurocomputing Type 2021 – 2026
    Table 42: ME&A Smart Machine Market by Segment 2021 – 2026
    Table 43: ME&A Smart Machine Market by Industrial Vertical 2021 – 2026
    Table 44: ME&A Smart Machine Market by Country 2021 – 2026
    Table 45: Latin America Smart Machine Market by Product 2021 – 2026
    Table 46: Latin America Smart Machine Market by Technology 2021 – 2026
    Table 47: Latin America Smart Machine Technology Market by Cognitive Technology Type 2018-2023
    Table 48: Latin America Smart Machine Technology Market by Robotics Type 2021 – 2026
    Table 49: Latin America Smart Machine Technology Market by Neurocomputing Type 2021 – 2026
    Table 50: Latin America Smart Machine Market by Segment 2021 – 2026
    Table 51: Latin America Smart Machine Market by Industrial Vertical 2021 – 2026
    Table 52: Latin America Smart Machine Market by Country 2021 – 2026

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