Artificial system

Artificial Intelligence in Manufacturing Market is expected to generate $52.37 billion in revenue by 2030, globally, at a CAGR of 47.80%: Verified Market Research®

The atomization and adoption of IoT by industry, the growth of complex data sets, falling hardware costs and increasing computing power are driving the adoption of artificial intelligence on the manufacturing market.

JERSEY CITY, NJ, October 18, 2022 /PRNewswire/ — Verified Market Research recently released a report, “Artificial Intelligence in the Manufacturing MarketBy component (hardware, software), by technology (deep learning, machine learning), by end-user industry (healthcare, manufacturing), and by geography.

According to the extensive research conducted by Verified Market Research, the global Artificial Intelligence in Manufacturing market size has been valued at $1.56 billion in 2022 and should reach $52.37 billion by 2030, growing at a CAGR of 47.80% from 2023 to 2030.

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Global Artificial Intelligence in Manufacturing Market Overview

Artificial intelligence (AI) technology allows machines to perform tasks that were previously performed by humans. He creates machines that can learn, plan, recognize speech and solve problems. One of the main goals of artificial intelligence is the development of intelligent machines and intelligent systems. It is useful in a variety of industries, such as games, expert systems, vision systems, intelligent robots, and natural language processing, to name a few. The robotics industry is being transformed by artificial intelligence (AI), which incorporates computer vision and machine learning. AI-powered automation has many potential applications in a variety of industries, including materials processing, aviation, healthcare, agriculture, and energy. Artificial intelligence (AI) is used to detect and automate equipment problems.

The expanding applications of AI technology and simple deployment methods have attracted government interest, which has led to increased government investment in AI and related technologies. Artificial intelligence (AI) has been adopted by a variety of industries, including aerospace, healthcare, manufacturing and automotive, following advances in deep learning and artificial neural networks (ANN). There is a growing demand for industrial AI solutions as more data needs to be examined and interpreted. The development of more reliable cloud computing infrastructures, along with advancements in dynamic artificial intelligence solutions, have a significant impact on the growth potential of the market. AI is used to speed up business processes, automate risky tasks, and supplement or replace skilled labor at all levels.

Key developments

  • January 2022 – The GeForce RTX 3050 is a new product from NVIDIA that brings next-gen visuals and AI to games. Ray-tracing technology is used in the RTX lineup for cinematic quality real-time rendering. Deep learning super sampling and frame rate improvements are also included in the package.
  • December 2021 – IBM announced the IBM Z and Cloud Modernization Center, a digital platform containing a variety of tools and resources, along with ecosystem partners, to help users modernize data, processes and applications in an open hybrid cloud architecture.

Key players

The main market players are Google LLC, Microsoft, Advanced Micro Devices, Arm Limited, Atomwise, Inc., Clarifai, Inc, Enlitic, Inc., International Business Machines Corporation, IBM Watson Health, and Intel Corporation.

Verified Market Research has segmented the global Artificial Intelligence in Manufacturing market on the basis of component, technology, end-user industry, and geography.

  • Artificial Intelligence in Manufacturing Market, By Component
    • Material
    • Software
    • Services
  • Artificial Intelligence in Manufacturing Market, by Technology
    • deep learning
    • machine learning
    • natural language processing
    • Industrial vision
  • Artificial Intelligence in Manufacturing Market, by End-User Industry
    • Health care
    • Manufacturing
    • Agriculture
    • BFSI
    • Media advertising
    • Automotive and Transportation
    • Health care
    • Others
  • Artificial Intelligence in Manufacturing Market, By Geography
    • North America
    • Europe
      • Germany
      • France
      • UK
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • LINE
      • Middle East & Africa
      • Latin America

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