Industry Insights
Machining tools and systems have undergone significant increase in
recent period. Increasing technological advancement coupled with
research and development actions has forced to growth of smart machines.
Smart machines are systems or devices that use machine to machine (M2M)
technology, which allow them to make choices or solve problems without
human intervention. These systems hold the capability of performing
cyclic tasks at high accuracy and high speeds.
Smart machines run autonomously and help correct and prevent abundant
processing errors occurred by varying conditions in the raw material or
wear and tear of the mechanical components and drift of thermal working
point. These devices can offer status updates to a high level control
device through trade of data with another automation devices.
Browse Detail Report With TOC @ http://www.hexaresearch.com/research-report/smart-machines-industry/
Additionally, outfitted with an extensive sensor network, smart
machines are competent of holding information regarding their
environment, machine situation and an array of processes, thereby
enhancing the quality and the uptime. Smart machines study through
application-specific algorithms and can enhance their performance over
time. Technological advancement is anticipated to be the key aspect
driving the smart machines market over the forecast period.
Additionally, favorable government policies are estimated to boost
the market growth. Increasing investments by various organizations to
improve operational productivity and efficiency is expected to fuel the
market demand. Further, growing need to eradicate human errors and
significance of automation by organizations is expected to drive the
market demand over the forecast period. However, possible usage of
machines instead of human labor is likely to create issues regarding
unemployment, which is expected to hinder the market growth over the
next five years.
Product Insights
On the basis of product the market is segmented into expert systems,
smart embedded systems, neurocomputers, intelligent assistants, and
autonomous robots. Expert systems include smart grid and medical
decision support system among others and accounted for the major market
share, followed by autonomous robots. Additionally, the advanced robots
tender more adaptability and flexibility due to which this segment is
projected to lead the market over the next five years.
Request A Sample copy of This Report @ http://www.hexaresearch.com/sample/234
Application Insights
Smart systems or machines have several applications, and this segment
includes logistics and transportation, aerospace and defense, consumer
electronics, automotive, healthcare, industrial, security, military and
others. In addition to the above mentioned application sectors, they are
also used across banking, financial services and retail industry.
Increasing demand for continuous monitoring and patient care has put
significant pressure on hospitals which is expected to have positive
impact on the market demand in healthcare industry. Technological
development and proliferation of auto assisted driving systems is
estimated to boost the automotive segment. They are broadly used in
consumer electronics sector and offer possible opportunities followed by
automotive and transportation.
Technology Insights
Technologies include neurocomputing, micro and nano sensors, radio
frequency (RF), and voice recognition. Usage of sensor technology is
estimated to augment the market demand. Nano and micro sensor technology
is used broadly across smart devices due to its capability to work
consistently even in intense conditions.
Regional Insights
Asia Pacific accounts for the major market share. China is expected
to experience significant market growth due to heavy capital investments
in communication technologies. Additionally, favorable initiatives have
increased the growth for M2M solutions in Asia Pacific. Increasing
demand from energy and transportation sector has significantly boost
regional market demand.
Competitive Insights
The key players include Apple Inc, AlchemyAPI Inc, LG Electronics,
Digital Reasoning, Narrative Science, Google and IBM among others.
Google offers Cars which uses self-driving technology and Apple offers
Siri technology which acts as an intelligent personal assistant.
Browse Full Report @ http://www.hexaresearch.com/research-report/smart-machines-industry/
About Us:
Hexa Research is a market research and consulting organization,
offering industry reports, custom research and consulting services to a
host of key industries across the globe. We offer comprehensive business
intelligence in the form of industry reports which help our clients
obtain clarity about their business environment and enable them to
undertake strategic growth initiatives.
Contact Us:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: sales@hexaresearch.com
Website - http://www.hexaresearch.com/
No comments:
Post a Comment