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Smart Machines Market Analysis, Market Size, Share,
Regional Outlook, Industry Trends, Competitive Strategies
And Segment Forecasts, 2012 To 2020
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.
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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.
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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.
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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.
Table of Contents
Chapter 1 Executive Summary
1.1 Smart Machines - Industry Summary & Critical Success Factors (CSFs)
Chapter 2 Smart Machines Industry Outlook
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Smart Machines Market Dynamics
2.4 Smart Machines Value Chain Analysis
2.5 Key Opportunities Prioritized
2.6 Industry Analysis - Porter's
2.7 Smart Machines - Company Market Share Analysis, 2013
2.8 Smart Machines - PESTEL Analysis
Chapter 3 Smart Machines Product Outlook
3.1 Autonomous Robots
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3.2 Expert System
3.3 Intelligent Assistants
3.4 Neurocomputers
3.5 Smart Embedded Systems
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Chapter 4 Smart Machines Application Outlook
4.1 Automotive
4.2 Consumer Electronics
4.3 Healthcare
4.4 Industrial
4.5 Logistics and Transportation
4.6 Military, Aerospace and Defense
4.7 Security
Chapter 5 Smart Machines Technology Outlook
5.1 Micro & Nano Sensors
5.2 Radio Frequency
5.3 Voice Recognition
Chapter 6 Smart Machines Regional Outlook
6.1 North America
6.2 Europe
6.3 Asia Pacific
6.4 RoW
Chapter 7 Competitive Landscape
7.1 AlchemyAPI, Inc
7.2 Apple
7.3 Digital Reasoning,
7.4 Google
7.5 IBM
7.6 Narrative Science
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Chapter 8 Methodology and Scope
8.1 Research Methodology
8.2 Research Scope & Assumption
8.3 List of Data Sources
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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.
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