DUBLIN, May 23, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Smart Machines Market in the Americas 2016-2020" report to their offering.
The report forecasts the smart machines market in the Americas to grow at a CAGR of 14.96% during the period 2016-2020.
The rising concept of Industry 4.0 that include automation, IoT, cloud computing, and smart machines in the automotive and electricals and electronics industries is crucial for the growth of the smart machines market in the Americas.
The market is divided into the following segments based on types:
- Expert system
- Autonomous robots
- Digital assistants
A key market trend that is boosting market growth is the expansion of robot capabilities. Visual robotics systems are more established systems, and require an exact area at a particular time to work. The traditional robot was visually impaired and modified to pick and process wherein every progression was customized and truly detailed to the requirement of the end-user. Advances in technology and use of cameras and software have made robots more accurate in identifying locations. Such robots are more flexible in movement and subsequently cost-effective.
According to the report, a key growth driver is the growth of investments in smart technologies. Cloud computing, cyber-security, and mobile communications technologies are shaping industrial automation and integrating various departments such as factory floor, end-users, and other verticals of an enterprise. The need to monitor and evaluate real-time data and the process of streamlining the manufacturing set-up by providing a transparent environment between the different entities of free flow have increased investments in smart machines with AI technology
Further, the report states that one challenge that could hamper market growth is the resistance to smart machines due to apprehension of job losses.
- BAE Systems
- Rethink Robotics
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Value chain analysis
PART 07: Market segmentation by types
PART 08: Market segmentation by end-user
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
For more information visit http://www.researchandmarkets.com/research/tndr2p/smart_machines
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SOURCE Research and Markets