North America market for AI application in the Manufacturing is expected to witness a CAGR of 51.6% and reach $4,012.5 million by 2023.
Increased adoption of IoT and big data, growing spending on cloud deployment and service models, government initiatives towards the manufacturing sector, growth in the usage of smart devices and enterprise mobile technology will drive the market
Rising air passengers and cargo traffic, emergence of new business destinations, increased affordability of air travel, booming tourism, government's open sky policy are the growth propellants for the Airport Infrastructure Investment Market
"IIoT, Industry 4.0 concept, advanced cloud computing, integration of big data analytics into EMI, need for operational cost reduction and better decision making, adoption of sensor technologies, dynamic operation model, new revenue models are few factors which will continue to shape the Europe EMI market."
In the present dynamic discrete manufacturing market, manufacturers are aggressive in their growth strategies, are focused on reducing operational costs, and committed to achieving high-efficiency levels in production and supply chain. These factors, in addition to the advancements in wireless solutions and analytics, are likely to drive the market for IoT in discrete manufacturing.
With its recently published study "Thermochromic Pigment: Drivers, Opportunities, Trends, & Forecasts: Up to 2022", Infoholic Research forecasts that the global market for thermochromic pigment will continue to increase owing to the increased exposure of application areas in the underdeveloped and developing countries.