Metal Foam Market Demand Was 1.60 Kilo Tons In 2016 And Is Expected To Reach 2.24 Tons By 2025

Global Metal Foam Market is expected to reach USD 117.7 million in 2025, growing at a CAGR of 4.1%, according to a new report by Grand View Research, Inc. Metal foams have seen a vast spectrum of development in the recent years, with further intensified research being carried out on this multifunctional material class. Despite the various value-additions catered by metal foams, there still exists an imbalance between the properties offered and the substantial utilization. A major factor influencing this is the high cost of metal foams. 

Increasing environmental concerns and stringent automotive pollution control norms have forced automotive manufacturers to monitor the pollution. Vehicular curb weight is one of the most important factors affecting the fuel efficiency. Usage of lightweight porous metallic materials in a body frame not only results in the reduction in some parts being used but also in the curb weight, thus drastically increasing fuel efficiency and reducing vehicular pollution.

The major foundry owners are working to pave a path out by overcoming issues related to economies of scale, high capital costs, labor law issues and government regulations related to procurement of aluminum. Usage of aluminum is likely to be taken over by steel and composite wood, mainly for the construction applications. Similarly, a wide range of opportunities pursued by pro-active metal casters who face the substitution threats, have considered converting weldments to castings.

Typical functional applications of metal foams include sound absorption, fragmentation capture, impact absorption, heat sinks and exchangers, the matrix for chemical bed and scrubbers, filters and mist elimination of water and oils, core structure for high strength panels, battery plates and spacers, automotive and aeronautical light-weighting, and catalyst surfaces. 

Full Research Report on Global Metal Foam Market Analysis:
http://www.grandviewresearch.com/industry-analysis/metal-foam-market

Further key Findings from the Study Suggest: 

• The global metal foam demand was 1.60 kilo tons in 2016 and is expected to reach 2.24 tons by 2025, growing at an estimated CAGR of 3.8% from 2017 to 2025
• Europe metal foam market is estimated to be valued at USD 19.1 million in 2016 and is expected to be the fastest growing market over the forecast period
• In terms of revenue, Aluminium accounted for 35.6% of the global market and is also expected to witness fastest growth over the next nine years
• As of 2016, Germany accounts for around 35% of the European metal foam demand and is also expected to retain its dominance over the forecast period as well

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/advanced-materials

Grand View Research has segmented the Global Metal Foam Market on the basis of material, application, end-use and region:

Material Outlook (Volume, Tons; Revenue, USD Thousand, 2014 - 2025)

• Aluminum
• Nickel
• Magnesium
• Copper

Application Outlook (Volume, Tons; Revenue, USD Thousand, 2014 - 2025)

• Heat Exchangers
• Energy Absorbers
• Side Impact Bars
• Others

End-use Outlook (Volume, Tons; Revenue, USD Thousand, 2014 - 2025)

• Automotive
• Construction
• Industrial
• Aerospace

Regional Outlook (Volume, Tons; Revenue, USD Thousand, 2014 - 2025)

• North America
• U.S
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• Japan
• India
• Middle East and Africa
• Central & South America

View press release of this research report by Grand View Research:http://www.grandviewresearch.com/press-release/global-metal-foam-market      

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

Canned Seafood Market Is Estimated To Growing At A CAGR Of 3.2% During Forecast Period 2014-2025

Global Canned Seafood Market is expected to reach USD 27.8 billion by 2025, growing at a CAGR of 3.2% according to a new report by Grand View Research, Inc. The industry is anticipated to grow on account of rising demand for processed food due to ease of consumption.

The health benefits offered by canned sea food such as essential nutrients added during canning process including vitamin B12, D and A leading to the metabolism improvement, is expected to drive growth over next eight years. In addition, high demand for the ready to eat seafood is expected to translate into an increased product consumption.

The product offers health benefits including improvement eye sight, reduced risk of depression, increased immunity. In addition, the calcium content provided by this product helps in increasing bone strength thereby driving the demand for such products. Use of sustainable fish farming techniques is expected to result in an increased yield, leading to abundance of raw material for the market.

Technological advancements in tuna fishing with use of Fish Aggregating devices and advanced packaging technology for fish products is anticipated drive the industry growth over the eight years. In addition, improved packaging procedures with the use of RFID tags to improve the product traceability and agglomeration is expected to increase the product adoption by the consumers, thereby contributing to the market growth.

Full Research Report on Global Canned Seafood Market Analysis:
http://www.grandviewresearch.com/industry-analysis/canned-seafood-market

Further key findings from the report suggest:

• Sardines is expected to emerge as the fastest growing segment growing at a CAGR 5.0%, by revenue from 2017 to 2025 owing to the rising availability in ecommerce coupled with increased health benefits offered by the product.
• The market for canned tuna is expected to account for 47.5% of the global volume due to high consumer adoption coupled with superior taste of the product. In addition, the industry is expected to benefit from the high production volume of tuna primarily in Asia Pacific.
• The industry in Asia Pacific is expected to grow at a CAGR of 4.1% by revenue, from 2017 to 2025 due to high product consumption by the consumers as a part of staple diet primarily in China, Japan, and Thailand.
• A majority of the products consumed across the globe are manufactured and canned in Asia Pacific due to abundance of raw material coupled with presence of a large number of canneries in the region.
• Key players operate the business through mergers & acquisitions in order to increase the market share. In addition, the companies produced varying customized products in accordance to the export destinations of the product.

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/ready-to-eat-processed-and-frozen-foods

Grand View Research has segmented the Global Canned Seafood Market on the basis of product and region:

Canned Seafood Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• Tuna
• Salmon
• Sardines
• Other fish
• Prawns
• Shrimps
• Other seafood

Canned Seafood Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• Thailand
• Japan
• Vietnam
• Indonesia
• Israel
• Central & South America
• Brazil
• Middle East & Africa
• GCC
• East Africa

View press release of this research report by Grand View Research:http://www.grandviewresearch.com/press-release/global-canned-seafood-market     

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

Automotive Coatings Market Size Is Projected To Reach $36.31 Billion By 2025

Global Automotive Coatings Market is expected to reach USD 36.31 billion by 2025, according to a new report published by Grand View Research, Inc. Surging demand for both passenger and commercial automobiles in emerging countries including China, India, Mexico, Brazil, and South Africa on account of population growth and developing living standards is expected to augment market size over the forecast period. Moreover, increasing requirement of protection against harsh climate, dust, dirt, UV radiation, and acid rain is expected to aid in industry expansion.

Growing number of accident in countries including India and Brazil owing to adverse road conditions in mountainous areas is anticipated to fuel the demand for these products over the upcoming years. Moreover, increasing requirement of maintenance, repair, and refurbishing work of old vehicles is expected to stimulate growth.

Rising consumption of powder coatings in light of its superior properties, such as near zero volatile organic compound emissions and thicker layer compared to conventional coatings, is expected to increase market size. Furthermore, continuous investments by manufacturers along with increasing number of manufacturing facilities in Brazil and China will drive growth over the forecast period.

Full Research Report on Global Automotive Coatings Market Analysis:
http://www.grandviewresearch.com/industry-analysis/automotive-coatings-market

Further key findings from the report suggest:

• The global automotive coatings industry demand was 5,902.7 kilo tons in 2015 and is expected to grow significantly on account of increasing vehicle production in rapidly emerging countries including China, Japan, India, Mexico, Brazil, South Korea, Brazil, and South Africa
• Waterborne coatings market demand is anticipated to witness strong growth in light of stringent regulations pertaining to the usage of solvent borne technology. In addition, superior properties, such as corrosion resistance, flexibility, hardness, stain resistance, adhesion, low flammability, and toxicity, are expected to surge product demand over the next nine years.
• North America contributed to 22.7% of the overall revenue share in 2015 and is estimated to witness growth on account of rising demand for pickup trucks and utility vehicles in the region
• Central and South America is expected to see substantial revenue rise at a CAGR of 5.4% from 2016 to 2025 owing to increasing small car production in Brazil. Furthermore, large automobile manufacturers including General Motors, Volkswagen, and Hyundai have been shifting their base to the region owing to lower operation costs, which is likely to aid in market expansion.
• The industry is highly competitive in nature, and manufacturers are involved in continuous product development and R&D activities. Manufacturers including Axalta Coating Systems, PPG Industries, BASF, Nippon Paint, AkzoNobel, and Kansai Paint are some of the key players in the market.
• In April 2015, Axalta established a new R&D technology center in Shanghai to develop new products for the global commercial vehicle, light vehicle OEM, refinish and industrial customers

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks

Grand View Research has segmented the Global Automotive Coatings Market on the basis of product, technology, application, end-use, and region:

Product Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

• Primer
• Electro coat
• Basecoat
• Clear coat

Technology Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

• Waterborne Coatings
• Solvent borne Coatings
• Powder Coatings
• UV-cured Coatings

Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

• Metal Parts
• Plastic Parts

End-Use Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

• Light Vehicle OEM
• Commercial Vehicle OEM
• Automotive Refinish

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

• North America
• U.S.
• Europe
• Germany
• Asia Pacific
• China
• India
• Central & South America
• Brazil
• MEA

View Press Release of This Research Report by Grand View Research: http://www.grandviewresearch.com/press-release/global-automotive-coatings-market      

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Veterinary Reference Laboratory Market Analysis By Technology, Application, Animal Type And Segment Forecast Up To 2025

Global Veterinary Reference Laboratories (VRL) Market is expected to reach USD 5.13 billion by 2025, according to a new report by Grand View Research, Inc. Increase in incidence of zoonotic diseases is a key driving factor for market growth. Increase in adoption of integrated diagnostic systems coupled with information ecosystems for veterinary diagnostics is anticipated to fuel development.

Rise in demand for advanced diagnostic tests and growing awareness amongst consumers are some of the factors expected to boost demand over the coming years. Moreover, companies are investing in R&D for the advancement of test kits for cost-effective diagnosis & monitoring of animal health, which is expected to boost growth. Some of the advancements in this market include efficient information management systems used in animal diagnostic applications, vaccine banks, and mobile apps for continuous monitoring. High focus toward innovation in veterinary health is anticipated to fuel the demand for reference labs. For instance, Innovative Medicines Initiative (IMI) is a public-private partnership that supports pharmaceutical innovations in Europe.

In addition, MediLabSecure, a laboratory network project was established, which aims to identify emerging viruses& pathogens in 19 countries in the Mediterranean regions and 57 labs were involved. Furthermore, increase in the number of government initiatives to promote veterinary diagnostics products is presumed to drive the overall growth. 

Full Research Report on Global Veterinary Reference Laboratory (VRL) Market Analysis:  http://www.grandviewresearch.com/industry-analysis/veterinary-reference-laboratory-vrl-market

Further Key Findings From the Study Suggest:

• The clinical chemistry analyzers segment held the dominant share of the market as of 2016 owing to growing demand for veterinary diagnostics products
• Increase ininstances of contamination in pet foods that causesevere illnesses and deaths amongst animalsis expected to boost the demand for toxicology testing services
• Production animals accounted for largest revenue share in 2016 owing to their highest consumption rate
• The market was dominated by North America and is expected to retain its position throughout the forecast period
• Presence of prominent industry players, advanced healthcare infrastructure, and high healthcare expenditure are some of the factors responsible for growth
• Companies offering reference laboratories are focusing on the development of cost-effective diagnostic solutions for animal health
• IDEXX Laboratories, Inc. held a dominant share owing to its presence across the globe and a wide product portfolio of advanced diagnostic tests
• Strategies such as regional expansion, new product developments, merger & acquisitions, and research collaborations are anticipated to propel growth
• For instance, inJanuary 2017, Mars, Inc. announced the agreement for acquiring VCA Inc. in a probe to capture higher share

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/healthcare

Grand View Research has segmented Global Veterinary Reference Laboratory (VRL) Market on the basis of the technology, application, animal type, and region:

VRL Technology Outlook (Revenue, USD Million, 2014 - 2025)

• Clinical Chemistry
• Hematology
• Immunodiagnostics
• ELISA
• Lateral Flow Rapid Tests
• Others
• Molecular Diagnostics
• PCR
• Microarrays
• Others
• Others

VRL Application Outlook (Revenue, USD Million, 2014 - 2025)

• Clinical Pathology
• Toxicology
• Productivity Testing
• Others

VRL Animal Type Outlook (Revenue, USD Million, 2014 - 2025)

• Production
• Companion

VRL Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• Asia Pacific
• Japan
• China
• India
• Latin America
• Mexico
• Brazil
• MEA
• South Africa

View Press Release of This Research Report by Grand View Research: http://www.grandviewresearch.com/press-release/global-veterinary-reference-laboratory-vrl-market    

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Surgical Drainage Devices Market Is Expected To Witness A CAGR Of 2.8% During The Forecast Period 2014-2025

Global Surgical Drainage Devices Market is anticipated to reach USD 2.3 billion by 2025, according to a new report by Grand View Research, Inc. The growth of this market is catapulted by increasing incidence of chronic diseases, the need to curb healthcare expenditure, and additional benefits associated with surgical drain devices. Majority of the times, these devices are used for prevention of fluid accumulation and in postsurgical treatment & care. 

With the escalating number of diseases that require surgical intervention, these devices are now being used in hospitals, clinics, and ambulatory surgical centers. Active surgical drain devices make use of negative pressure or vacuum to remove fluid buildup, and are preferred over conventional passive drain devices as they help in healing the wound quickly.

Drainage devices are used in cardiothoracic surgeries, neurosurgical procedures, orthopedic surgeries, and abdominal surgeries among others. Global rise in musculoskeletal diseases, arthritis, and osteoporosis has resulted in an increase in number of surgeries being performed, which has further led to an increase in adoption of these devices.

The North American region accounted for the largest market share due to technologically advanced medical infrastructure and successful integration of ambulatory health services in its healthcare system. Emerging countries like India, China, and Brazil are also expected to flourish during the forecast period owing to their developing healthcare infrastructure and increasing adoption of advanced medical technology to curb chronic diseases.

Full Research Report on Global Surgical Drainage Devices Market Analysis: http://www.grandviewresearch.com/industry-analysis/surgical-drainage-devices-market

Further Key Findings From The Study Suggest:

• Active surgical devices are expected to gain considerable market share owing to their increasing usage in surgeries
• With a wide range of passive surgical drain devices being available in the market, product penetration is high, fetching them adequate share in the market
• With an increase in the incidence of musculoskeletal diseases, arthritis, and osteoporosis, orthopedics application is expected to witness the fastest growth during the forecast period
• Cardiothoracic application is expected to be the largest segment due to global rise in cardiovascular diseases and the number of surgeries being performed
• North America accounted for the largest market share owing to local presence of dominant players in the market and availability of sophisticated infrastructure as well as existence of healthcare reforms to curb the incidence of chronic diseases
• The Asia Pacific region is expected to flourish during the forecast period owing to the change in various healthcare reforms and development of new medically advanced technologies

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/medical-devices

Grand View Research has segmented the Global Surgical Drainage Devices Market on the basis of product, application, end-use, and region:

Surgical Drainage Devices Product Outlook (Revenue, USD Million; 2014 - 2025)

• Active Drainage Devices
• Passive Drainage Devices

Surgical Drainage Devices Application Outlook (Revenue, USD Million; 2014 - 2025)

• Cardiothoracic
• Neurosurgery
• Abdominal Surgery
• Orthopedics
• Others

Surgical Drainage Devices End-use Outlook (Revenue, USD Million; 2014 - 2025)

• Hospitals
• Clinics
• Ambulatory Surgical Centers

Surgical Drainage Devices Regional Outlook (Revenue, USD Million; 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Asia Pacific
• Japan
• China
• India
• Latin America
• Brazil
• Mexico
• MEA
• South Africa
• Saudi Arabia

View Press Release of This Research Report by Grand View Research: http://www.grandviewresearch.com/press-release/global-surgical-drainage-devices-market   

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Machine Vision Market Is Anticipated To Grow At A CAGR Of 8.5% During Forecast Up To 2025

Global Machine Vision Market is expected to reach USD 19.22 billion by 2025, according to a new report by Grand View Research, Inc. The ability of machine vision systems to process a large amount of information in a fraction of seconds is a major factor driving the market growth. The quick processing ability of machine vision systems is paving the way for manufacturers to achieve new milestones in manufacturing products with negligible defects. Moreover, the increasing adoption of robots across industrial sectors is leading toward the application of vision-guided robotic systems. Industrial verticals, such as automotive, pharmaceutical, packaging, and food & beverage, are prominent sectors where robotic systems are used, eventually fueling the demand for machine vision systems.

The machine vision technology encompasses various components in order to capture images of products to analyze them depending on different parameters of quality and safety. The technology is a combination of software and hardware that provides operational control to devices to execute functions such as capturing and processing of images and measuring various characteristics required for decision making. Major components of the system comprise lighting, lens, image sensors, vision processing, and communication devices. Machine vision systems assist in resolving complicated industrial tasks with reliability.

Industrial machine vision systems are usually more robust and demand high reliability, stability, and accuracy as compared to those used in institutional or educational applications. They cost lesser than systems used in military, aerospace, defense, and government applications. These factors are expected to lead to a greater adaptability of the technology in industrial sectors. In addition, the robotic vision systems used across the industries are also leading to the increasing adoption of the technology, thereby strengthening the overall market.

The technology has proven to be of key importance in the area of manufacturing and quality control, owing to the increasing need for quality inspection and production. In addition, the growing automation in industrial segments is also facilitating the growth of the market worldwide at a considerable rate.

The technology has been witnessing extensive developments and innovative upgrades since its emergence. Several factors, such as the growing inception of the technology and increasing need for quality products, are influencing the market growth. Furthermore, machine vision systems are gaining traction in the medical and healthcare applications at a considerable pace. The analysis of medical images and robotic applications for carrying various medical activities are the key roles of the technology in these sectors.

The Asia Pacific region contributed to the largest market share in 2015, which can be attributed to ample opportunities offered on account of large manufacturing practices carried out in the region. Countries such as China, Japan, South Korea, and India are considered to be potential markets for upcoming technologies, including machine vision. The region’s huge industrial expansion has been contributing to the prosperity and development of various innovations and the adoption of different technologies significantly.

In addition, factors such as increasing focus on developments and expenditures in vision-related research activities along with the growing manufacturing base in the region are expected to spur the technology market growth in Asia Pacific, in turn boosting the overall market at a notable pace. The market is anticipated to exhibit the fastest growth of 10.4% over the forecast period.

The industry is facing challenges due to lack of awareness among users about the rapidly advancing machine vision technology. Moreover, the complexity of integrating machine vision systems are the major difficulties being faced by manufacturers, which is also restraining the smoother growth of the industry.

Full Research Report On Global Machine Vision Market Analysis:  http://www.grandviewresearch.com/industry-analysis/machine-vision-market

Further key findings from the report suggest:

• The global machine vision technology market was valued at USD 9.10 billion in 2016 and is projected to grow at a CAGR of 8.5% from 2017 to 2025.
• The PC-based system segment accounted for the largest market size in 2016 and is estimated to generate USD 10.48 billion by 2025.
• The identification application segment is anticipated to exhibit the fastest growth rate over the forecast period followed by positioning and guidance applications.
• The European machine vision market is estimated to attain USD 4.47 billion by 2025.
• The industry is expected to witness a substantial growth in the Asia Pacific region over the next decade. This growth is witnessed in the wake of ample opportunities offered due to the presence of large manufacturing hubs in prominent countries (across the food and packaging, automotive, pharmaceutical, industrial, and consumer electronic sectors) such as China and Japan. The regional market is expected to grow at a CAGR of 10.4% from 2017 to 2025.
• The prominent companies in the industry include Allied Vision Technologies GmbH (Germany), Basler AG (Germany), Cognex Corporation (U.S.), Keyence Corporation (Japan), National Instruments (U.S.), Omron Corporation (Japan), Machine Vision Technology (UK), and Microscan Systems (U.S.).

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/technology

Grand View Research has segmented the Global Machine Vision Market based on offering, products, applications, and regions:

Machine Vision Offering Outlook (Revenue, USD Million; 2014 - 2025)

• Hardware
• Software

Machine Vision Product Outlook (Revenue, USD Million; 2014 - 2025)

• PC Based
• Smart Camera Based

Machine Vision Application Outlook (Revenue, USD Million; 2014 - 2025)

• Quality Assurance and Inspection
• Positioning and Guidance
• Measurement
• Identification

Machine Vision Regional Outlook (Revenue, USD Million; 2014 - 2025)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• Japan
• India
• South America
• Brazil
• Middle East & Africa

View Press Release of This Research Report by Grand View Research: http://www.grandviewresearch.com/press-release/global-machine-vision-market       

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Artificial Intelligence Market Size Is Anticipated To Reach $ 35,870 Million By 2025

Global Artificial Intelligence Market is expected to reach USD 35,870.0 million by 2025 from its direct revenue sources, growing at a CAGR of 57.2% from 2017 to 2025, whereas it is expected to garner around USD 58,975.4 million by 2025 from its enabled revenue arenas, according to a new report by Grand View Research, Inc.

Artificial Intelligence (AI) is considered to be the next stupendous technological development, alike past developments such as the revolution of industries, the computer era, and the emergence of smartphone technology. The North American region is expected to dominate the industry due to the availability of high government funding, the presence of leading players, and strong technical base. Advances in image and voice recognition are driving the growth of the artificial intelligence market as improved image recognition technology is critical to offer enhanced drones, self-driving cars, and robotics. The AI market can be categorized based on solutions, technologies, end use, and geography.

The two major factors enabling market growth are emerging AI technologies and growth in big data espousal. The growing prominence of artificial intelligence is enabling new players to venture into the market by offering niche application-specific solutions. Furthermore, companies are also engaging in industry consolidations in a bid to gain competitive advantages. For instance, in January 2017, Microsoft Corporation acquired Maluuba for advancing in the deep learning and Artificial Intelligence (AI) landscape. Existing solution providers are innovating their product portfolio to include both hardware and software solutions.

The Asia Pacific regional market is expected to be the fastest-growing market, owing to the rapid improvements in information storage capacity, high computing power, and parallel processing, which have contributed to the swift uptake of artificial intelligence technology in end-use industries such as automotive and healthcare.

AI has the potential to reduce the burden on clinicians and provide an efficient tool to workforces for accomplishing their tasks in a better way. For instance, AI voice-enabled symptom checkers can better access a situation and assist patients to the emergency department when immediate treatment is required. AI is expected to resolve around 20% of unmet healthcare demands.

Full Research Report on Global Artificial Intelligence Market Analysis: http://www.grandviewresearch.com/industry-analysis/artificial-intelligence-ai-market

Further key findings from the report suggest:

• Growth in the volume of data being generated from different end-use industries is expected to provide traction to the technology adoption
• The increasing adoption of image and pattern recognition in the Asia-Pacific region is expected to provide new growth opportunities over the forecast period.
• The North America region is one of the early adopters of advanced technologies and renders organizations to adopt artificial intelligence capabilities at a faster pace.
• The increasing amount of digital data (in the form of speech, videos, and images, from different social media sources such as IoT and consumer analytics) is driving the need for data mining and analytics. AI is extensively used by several media and online services such as Google Assistant, dialogue and voice recognition of Siri, Microsoft Cortana, image classification in Facebook & Google Photo, and Amazon’s Alexa.
• The key industry participants include Atomwise, Inc., Lifegraph, Sense.ly, Inc., Zebra Medical Vision, Inc., Baidu, Inc., H2O ai, IBM Watson Health, NVIDIA, Enlitic, Inc., Google, Inc., Intel Corporation, and Microsoft Corporation.  

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the Global Artificial Intelligence Market based on solutions, technologies, end use, and regions:

Artificial Intelligence Solution Outlook (Revenue, USD Million, 2014 - 2025)

• Hardware (HW)
• Software (SW)
• Services

Artificial Intelligence Technology Outlook (Revenue, USD Million, 2014 - 2025)

• Deep Learning
• Machine Learning
• Natural Language Processing
• Machine Vision

Artificial Intelligence End use Outlook (Revenue, USD Million, 2014 - 2025)

• Healthcare
• Robot Assisted Surgery
• Virtual Nursing Assistants
• Hospital Workflow Management
• Dosage Error Reduction
• Clinical Trial Participant Identifier
• Preliminary Diagnosis
• Automated Image Diagnosis
• BFSI
• Risk Assessment
• Financial Analysis/Research
• Investment/Portfolio Management
• Others
• Law
• Retail
• Advertising & Media
• Automotive & Transportation
• Agriculture
• Manufacturing
• Others

Artificial Intelligence Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• Asia Pacific
• China
• India
• Japan
• South America
• Brazil
• The Middle East & Africa

View Press Release of This Research Report by Grand View Research: http://www.grandviewresearch.com/press-release/global-artificial-intelligence-ai-market      

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com