Global Artificial Intelligence Ai In Industrial Machinery Market Strategies 2024, Forecast To 2033
8 Mar, 2024
AI in industrial machinery market rose from $1.52 billion in 2023 to $1.99 billion in 2024, with a CAGR of 31.4%. Expected to hit $5.46 billion by 2028, growing at a CAGR of 28.7%. Predictive maintenance adoption and AI-powered quality control will drive growth, with trends like human-machine collaboration and additive manufacturing shaping the market.
Global Artificial Intelligence AI In Industrial Machinery Market Key Driver
The growing use of artificial intelligence (AI) in the industrial sector is expected to propel the growth of AI in the industrial machinery market. AI optimizes industrial processes and improves productivity, with a significant percentage of organizations employing AI in their operations. For instance, 35% of organizations indicated employing AI in their operations globally.
Get A Free Sample Of The Global Artificial Intelligence AI In Industrial Machinery Market ReportGlobal Artificial Intelligence AI In Industrial Machinery Market Segments
The artificial intelligence (ai) in industrial machinery market covered in this report is segmented –
1) Component:Hardware, Software, Services
2) Technology:Machine Learning, Computer Vision, Context Awareness, Natural Language Processing
3) Application:Predictive Maintenance, Quality Control, Process Optimization, Supply Chain Optimization, Intelligent Robotics, Autonomous Vehicles And Guided Systems, Energy Management, Human-Machine Interfaces, Other Applications
4) End-Use:Commercial, Agriculture, Construction, Packaging, Food Processing, Mining, Semiconductor Manufacturing
By Geography: The countries covered in the artificial intelligence (ai) in industrial machinery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the artificial intelligence (AI) in industrial machinery market in 2023. The regions covered in the artificial intelligence (ai) in industrial machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Artificial Intelligence AI In Industrial Machinery Industry Players
Microsoft Corporation; Hitachi Ltd.; Amazon Web Services Inc.; Siemens AG; Intel Corporation; International Business Machines Corporation; Cisco Systems Inc.; Oracle Corporation; Honeywell International Inc.; SAP SE; ABB Ltd.; NVIDIA Corporation; Rockwell Automation Inc.; FANUC Corporation; Autodesk Inc.; Arista Networks Private Limited; Pegasystems Inc.; UiPath; Automation Anywhere Inc.; Blue Prism Limited.; C3.ai Inc.; DataRobot Inc.; Appen Limited; H2O.ai; Dataiku; WorkFusion Inc.; Alphasense Inc.; CrowdFlower Inc.; Suki.AI; Clarifai Inc.
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Artificial Intelligence AI In Industrial Machinery Market Overview
Artificial intelligence (AI) in industrial machines refers to the utilization of artificial intelligence technologies in industrial machines to upgrade them into smart machines and enable the framework to generate multiple solutions. AI provides predictive maintenance, real-time monitoring, and process optimization in industrial machinery, resulting in higher efficiency, fewer downtime, and increased total production.