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[Market Research Report] The Global Market for Artificial Intelligence (AI) in Industrial Machinery

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The artificial intelligence (AI) market in industrial machinery worldwide is expected to grow from 1.15 billion USD in 2022 to 1.52 billion USD in 2023, with a CAGR of 31.8%. The war between Russia and Ukraine has disrupted the opportunity for global economic recovery from the COVID-19 pandemic. This war between the two countries has led to economic sanctions against multiple nations, soaring commodity prices, and supply chain disruptions, causing inflation across goods and services and resulting in rising interest rates that affect many markets worldwide. The artificial intelligence (AI) market in industrial machinery is projected to reach 4.28 billion USD by 2027, growing at a CAGR of 29.6%.

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