Artificial Intelligence In Manufacturing Market size worth $ 52.37 Billion, Globally, by 2030 at 47.80% CAGR: Verified Market Research®
The "Global Artificial Intelligence In Manufacturing Market Size By Component, By Technology, By End-User Industry, By Geographic Scope And Forecast" report has been published by Verified Market Research®. The report provides an in-depth analysis of the global Artificial Intelligence In Manufacturing Market, including its growth prospects, market trends, and market challenges.
JERSEY CITY, N.J., Nov. 15, 2023 /PRNewswire/ -- The Global Artificial Intelligence In Manufacturing Market is projected to grow at a CAGR of 47.80 % from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 1.56 Billion in 2022 and is expected to reach USD 52.37 Billion by the end of the forecast period.
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Artificial Intelligence In Manufacturing Market: Transforming Industries and Paving the Future
Revolutionizing Industries with AI Technology
In a groundbreaking development, Artificial Intelligence (AI) is reshaping the landscape of manufacturing, enabling machines to take on tasks that were once the domain of human expertise. From learning and planning to speech recognition and problem-solving, AI's impact is far-reaching, touching key sectors such as gaming, expert systems, vision systems, intelligent robots, and natural language processing.
AI's Impact on Robotics
The fusion of computer vision and machine learning within AI is not only transforming but revolutionizing the robotics industry. Material processing, aviation, healthcare, agriculture, and energy are witnessing a paradigm shift in operations through the implementation of AI-driven automation, fostering enhanced equipment issue detection and operational automation.
Government Investment and Industry Adoption
The spotlight on AI has attracted significant attention from governments, resulting in increased investments and initiatives. Industries spanning aerospace, healthcare, manufacturing, and automotive are swiftly adopting AI, creating a burgeoning demand for innovative industrial solutions.
Cloud Computing and Dynamic Solutions
The confluence of robust cloud computing infrastructure and dynamic AI solutions is a game-changer for the Artificial Intelligence In Manufacturing Market. AI's pervasive role in expediting commercial processes, automating risky tasks, and supplementing skilled labor positions this technology as a cornerstone for the future of manufacturing.
Unlocking the full potential of AI systems necessitates a specialized skill set. Managing, developing, and integrating AI systems demands the expertise of experienced data scientists or developers, contributing to the current scarcity of skilled professionals and posing a unique challenge to Artificial Intelligence In Manufacturing Market growth.
Artificial Intelligence In Manufacturing Market Challenges and Opportunities
Despite challenges such as manufacturers' initial reluctance, a shortage of qualified labor, data privacy concerns, and the lingering effects of the COVID-19 pandemic, the potential of AI in manufacturing remains promising. The technology's ability to enhance operating efficiency, intelligent business processes, and combat the impacts of COVID-19 through automation signals substantial oportunities for Artificial Intelligence In Manufacturing Market players.
Artificial Intelligence In Manufacturing Market Regional Dynamics
North America emerges as a frontrunner in AI adoption, propelled by successful government initiatives. Simultaneously, the Asia-Pacific region is poised for remarkable growth, driven by exponential investments in artificial intelligence, marking a pivotal shift in the global manufacturing landscape.
Artificial Intelligence In Manufacturing Market Key Players
The global stage witnesses the dominance of major players such as Google LLC, Microsoft, Advanced Micro Devices, Arm Limited, Atomwise, Inc., Clarifai, Inc, Enlitic, Inc., International Business Machines Corporation, IBM Watson Health, and Intel Corporation. This competitive landscape is characterized by strategic development, market share dynamics, and a comprehensive ranking analysis.
In the dynamic realm of Artificial Intelligence In Manufacturing Market, this transformative journey unfolds with unparalleled opportunities, challenges, and industry leaders driving the future of manufacturing innovation.
To get market data, market insights, financial statements and a comprehensive analysis of the Global Artificial Intelligence In Manufacturing Market, please Contact Verified Market Research®.
Based on the research, Verified Market Research® has segmented the global Artificial Intelligence In Manufacturing Market into Component, Technology, End-User Industry, And Geography.
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