AI in Manufacturing Market 2024: Insights on Size, Growth, Trends, and Forecasts to 2032
Explore the AI in manufacturing market, focusing on insights into size, growth trends, demand, and forecasts to 2032.
Explore the Latest Insights in the AI in Manufacturing Market!
A new report from Fortune Business Insights™ titled AI in Manufacturing Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032 provides a comprehensive analysis of the AI in Manufacturing Market landscape. This report includes competitor and regional analyses, along with the latest advancements in the market.
Inside, you’ll find a detailed table of contents, figures, tables, and charts, complemented by insightful commentary. The AI in Manufacturing Market sector has seen remarkable growth recently, driven by increasing product demand, a growing customer base, and technological innovations. This report thoroughly examines the AI in Manufacturing Market, covering market size, trends, key drivers and constraints, competitive dynamics, and future growth prospects. Our goal is to delve deep into the industry to understand its dynamics and economic potential.
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Market Summary:
The “AI in Manufacturing Market Research Report Overview by 2024” market size is reached USD 8.14 billion by 2019 and it is expected to reach USD 695.16 billion by 2032 between the forecast period and expected Compound annual growth rate of 37.7% between the forcast period by (2019-2032).
The AI in Manufacturing Market has experienced significant growth, supported by various factors like rising product demand, an expanding customer base, and technological advancements. This report delivers an in-depth analysis of the market, including insights on market size, trends, key drivers and challenges, competitive dynamics, and future growth opportunities.
Top Companies in the AI in Manufacturing Market:
Here are some leading manufacturers in the sector:
- Microsoft Corporation (United States)
- Google LLC (United States)
- IBM Corporation (United States)
- Amazon.com Inc. (United States)
- NVIDIA Corporation (United States)
- Siemens AG (Germany)
- GENERAL ELECTRIC (United States)
- SAP SE (Germany)
- Rockwell Automation, Inc. (United States)
- Mitsubishi Electric Corporation (Japan)
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Segmentation:
Artificial Intelligence in Manufacturing Market Size, Share & Industry Analysis, By Offering (Hardware, Software, and Services), By Technology (Computer Vision, Machine Learning, Natural Language Processing), By Application (Process Control, Production Planning, Predictive Maintenance & Machinery Inspection), By Industry (Automotive, Medical Devices, Semiconductor &Electronics), and Regional Forecast, 2020-2032
Market Coverage:
- Market Trends
- Market Segmentation by Segment
- Market Segmentation by Region
- Price Analysis
- Impact of COVID-19
- Market Forecast
This report provides insights into the market landscape, broken down by sub-regions and countries. It highlights potential profit opportunities alongside market share and growth rates for each region.
Regional Analysis:
- North America (U.S. and Canada)
- Europe (U.K., Germany, France, Spain and Rest of Europe)
- Asia Pacific (Japan, China, India, Southeast Asia and Rest of Asia Pacific)
- Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
- Latin America (Brazil, Mexico and Rest of Latin America)
Report Highlights:
- Key growth drivers and challenges for the market.
- Comprehensive overview of regional developments.
- List of major industry players.
- Strategies adopted by key market players.
- Recent developments, including product launches and mergers.
The report also discusses limiting factors and the regional industrial presence that may impact market growth trends beyond 2032. Our market research aims to provide a thorough understanding of the industry’s potential and equip companies with the insights they need to make informed decisions. The AI in Manufacturing Market Report spans over 100+ pages and includes a detailed table of contents, figures, tables, graphs, and extensive analysis.
Table of Contents:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Industry Developments (Mergers, Acquisitions, Partnerships)
- Porter’s Five Forces Analysis
- SWOT Analysis
- Technological Developments
- Value Chain Analysis
TOC Continued…!
Industry Developments:
The company is focus on expanding the AI based product portfolio. Google LLC is acquiring companies from different countries such as China, India, the U.K., and the U.S. to name a few. Along with thirty AI startups of USD 4 billion, Google LLC tops the AI acquiring companies list. The company is also focusing on implementing AI in manufacturing industries. It is offering Cloud AI to boost and maximize the speed of process along with protecting the health and safety of workers. Also, it is investing in creating solutions and tools to ease the deployment and usage of AI in the manufacturing industries.
- Siemens and Microsoft collaborate to elevate industrial AI, revolutionizing product lifecycle management. Integrating Siemens’ Teamcenter software with Microsoft Teams and Azure OpenAI Service’s language models enhances innovation and efficiency. This partnership fosters seamless cross-functional collaboration, driving advancements in design, engineering, manufacturing, and product operations, marking a significant leap in industrial technology integration.
- Google Cloud launches industry-focused Generative AI solutions for healthcare and manufacturing, aiming to enhance productivity and enable digital transformation. This move signifies a significant step in leveraging AI for industry-specific advancements.
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