[Market Report] The Global Market for Artificial Intelligence in the Manufacturing Industry
Report ID: AA1223956
The global market for artificial intelligence in the manufacturing industry is rapidly expanding and is expected to reach 62.3 billion dollars by 2031.
The global artificial intelligence market in manufacturing, which recorded sales of 2.76 billion USD in 2022, is on a trajectory of explosive growth, estimated to reach an astonishing 62.3 billion USD by 2031. This remarkable growth, progressing at a compound annual growth rate (CAGR) of 41.4% from 2023 to 2031, highlights the transformative impact of AI technology in the manufacturing sector. Artificial intelligence (AI) is redefining the landscape of manufacturing by introducing intelligent systems and machines capable of performing complex tasks traditionally done by humans. The integration of AI in manufacturing optimizes processes using advanced technologies such as machine learning and deep learning, providing end-users with enhanced analytics and control capabilities. For application methods, please check the [PDF download] button or apply directly through the related links.
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Overview of Segmentation The artificial intelligence market in manufacturing is classified by offering, technology, application, Indian user industry, and region. By Offering Hardware Software Services By Technology Natural Language Processing Machine Learning Context Awareness Computer Vision By Application Production Planning Process Control Quality Management Logistics and Inventory Management Predictive Maintenance and Machine Inspection Others By Indian User Industry Healthcare and Pharmaceuticals Food and Beverage Automotive Electrical and Electronics Energy and Power Heavy Machinery and Manufacturing Others Key Companies: ABB Alphabet Cognex Fanuc General Electric Company Honeywell Intel International Business Machines (IBM) Microsoft NVIDIA Oracle Robert Bosch GmbH Rockwell Automation SAP SE Siemens AG
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