openPR Logo
Press release

Artificial Intelligence in Manufacturing Market Witnessing Swift Expansion, Projected to Reach USD 78,744 Million by 2030

02-23-2024 07:55 AM CET | IT, New Media & Software

Press release from: Acumen Research and Consulting

Artificial Intelligence in Manufacturing Market Witnessing

Introduction:
What is Artificial Intelligence in Manufacturing? It's the integration of AI technologies into manufacturing processes to enhance productivity, quality, and efficiency. The global market was valued at approximately USD 2,963 Million in 2021 and is projected to skyrocket to USD 78,744 Million by 2030. The AI in manufacturing is deeply intertwined with various industrial applications, focusing on optimizing operations, reducing downtime, and improving product quality. This sector is witnessing exponential growth due to the increasing adoption of AI-driven solutions, such as machine learning and computer vision. While challenges like high initial investments and infrastructure constraints exist, the potential for AI in manufacturing remains vast, with industry giants like IBM, Google, and Microsoft leading the charge.

Key Points and Statistics on the Artificial Intelligence in Manufacturing Market:
● The global AI in manufacturing market size is set to surge to USD 78,744 Million by 2030, boasting a CAGR of 44.3% from 2022 to 2030.
● AI technologies, especially machine learning, are becoming pivotal in ensuring quality management throughout manufacturing stages.
● The rapid adoption of industrial automation and the onset of Industry 4.0 are significant growth drivers.
● Leading players in the market include IBM Corporation, Google, Inc., Microsoft Corporation, and Nvidia Corporation, among others.

Download Sample Report Copy of This Report from Here: https://www.acumenresearchandconsulting.com/request-sample/3001

Artificial Intelligence in Manufacturing Market Overview and Analysis:
AI in manufacturing might seem specialized, but its impact is vast. From optimizing supply chains to predictive maintenance, AI is reshaping how industries operate. The market is dedicated to innovating solutions that enhance operational efficiency and product quality. However, challenges like high initial investments and infrastructure limitations persist. Despite these hurdles, the AI in manufacturing market is poised for substantial growth, propelled by technological advancements and rising demand.

Latest Trends and Innovations in the AI in Manufacturing Market:
Technological advancements are ushering in more efficient AI solutions. Machine learning, for instance, is enabling manufacturers to achieve unparalleled throughput levels, optimize supply chains, and expedite R&D. The increasing adoption of IoT and big data is also playing a pivotal role in market growth. Continuous R&D is leading to the emergence of innovative AI solutions tailored for diverse industrial applications.

Major Growth Drivers of the AI in Manufacturing Market:
The primary growth driver is the rising adoption of IoT and big data in manufacturing. These technologies provide valuable insights, streamline operations, and enhance product quality. Additionally, the rapid adoption of industrial automation and the advent of Industry 4.0 are further propelling market growth.

Key Challenges Facing the AI in Manufacturing Industry:
High initial investments and a lack of advanced infrastructure are significant challenges. Moreover, the rapid technological advancements necessitate continuous upskilling and infrastructure upgrades.

Market Segmentation Insights:

By Offering: Hardware, Software, Services
By Technology: Machine Learning, Natural Language Processing, Computer Vision, Context-Aware Computing
By Application: Field Services, Quality Control, Cybersecurity, Predictive Maintenance, Production Planning, Inventory Optimization
By Industry Vertical: Automotive, Semiconductor & Electronics, Pharmaceutical, Heavy Metals & Machine Manufacturing, Food & Beverage, Energy & Power

Overview by Region of the AI in Manufacturing Market:
The AI in Manufacturing Market is segmented by region into North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific is the largest market for AI in manufacturing due to rapid industrialization and the adoption of Industry 4.0. The region is home to major manufacturing hubs such as China, Japan, and India, which are investing heavily in AI to improve efficiency and productivity. North America is expected to witness the fastest growth rate in the coming years due to the increasing adoption of AI in the automotive, aerospace, and healthcare sectors.

Artificial Intelligence in Manufacturing Market Table of Content:

CHAPTER 1. Industry Overview of Artificial Intelligence in Manufacturing Market

CHAPTER 2. Research Approach

CHAPTER 3. Market Dynamics And Competition Analysis

CHAPTER 4. Artificial Intelligence in Manufacturing Market By Offering

CHAPTER 5. Artificial Intelligence in Manufacturing Market By Technology

CHAPTER 6. Artificial Intelligence in Manufacturing Market By Application

CHAPTER 7. Artificial Intelligence in Manufacturing Market By Industry Vertical

CHAPTER 8. North America Artificial Intelligence in Manufacturing Market By Country

CHAPTER 9. Europe Artificial Intelligence in Manufacturing Market By Country

CHAPTER 10. Asia Pacific Artificial Intelligence in Manufacturing Market By Country

CHAPTER 11. Latin America Artificial Intelligence in Manufacturing Market By Country

CHAPTER 12. Middle East & Africa Artificial Intelligence in Manufacturing Market By Country

CHAPTER 13. Player Analysis Of Artificial Intelligence in Manufacturing Market

CHAPTER 14. Company Profile

List of Key Players in the Global Market:
The prominent players include IBM Corporation, Google, Inc., Microsoft Corporation, Nvidia Corporation, and several others.

Footnote:
The AI in manufacturing domain might seem specialized, but its potential is vast. With industry leaders pushing the boundaries, the market is set for robust growth in the coming decade.

Ask Query Here: Richard@acumenresearchandconsulting.com or sales@acumenresearchandconsulting.com

To Purchase this Premium Report@ https://www.acumenresearchandconsulting.com/buy-now/0/3001

201, Vaidehi-Saaket, Baner - Pashan Link Rd, Pashan, Pune, Maharashtra 411021

Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Artificial Intelligence in Manufacturing Market Witnessing Swift Expansion, Projected to Reach USD 78,744 Million by 2030 here

News-ID: 3396566 • Views:

More Releases from Acumen Research and Consulting

dPCR and qPCR Market Size, Share, Growth, and Forecast 2023-2032
dPCR and qPCR Market Size, Share, Growth, and Forecast 2023-2032
In the rapidly evolving landscape of molecular diagnostics, digital polymerase chain reaction (dPCR) and quantitative polymerase chain reaction (qPCR) technologies have emerged as pivotal tools. These techniques facilitate precise quantification and analysis of nucleic acids, driving advancements in research, clinical diagnostics, and pharmaceutical development. The dPCR and qPCR market is witnessing significant growth propelled by technological innovations, expanding applications, and increasing demand for personalized medicine. Let's delve into the competitive
Industrial Protective Clothing Market Sales and Revenue Report 2023-2032
Industrial Protective Clothing Market Sales and Revenue Report 2023-2032
In today's industrial landscape, safety is paramount. With stringent regulations and a growing awareness of workplace hazards, the demand for industrial protective clothing has surged. The Industrial Protective Clothing Market stands at the forefront, offering a diverse range of solutions to ensure the well-being of workers across various sectors. Download Free Industrial Protective Clothing Market Sample Report Here: (Including Full TOC, List of Tables & Figures, Chart) https://www.acumenresearchandconsulting.com/request-sample/416 Understanding the Competitive Landscape The
Industrial Adhesives Market To Reach USD 100.9 Billion By 2032
Industrial Adhesives Market To Reach USD 100.9 Billion By 2032
In today's industrial landscape, the role of adhesives has transcended mere sticking power. Industrial adhesives play a pivotal role in various sectors, including automotive, construction, electronics, packaging, and healthcare, revolutionizing assembly processes and product functionalities. This article delves into the intricate ecosystem of the Industrial Adhesives Market, exploring its competitive landscape, future growth prospects, key market drivers and restraints, and the latest trends shaping the industry. Download Free Industrial Adhesives Market
Hot Melt Adhesives Market Size to Worth Around USD 14.6 Billion by 2032
Hot Melt Adhesives Market Size to Worth Around USD 14.6 Billion by 2032
The global hot melt adhesives market is experiencing a significant surge, driven by diverse industries' increasing adoption of these versatile bonding solutions. From packaging to automotive, construction to electronics, hot melt adhesives have emerged as a go-to choice for manufacturers worldwide. This article delves into the competitive landscape, future growth prospects, and key drivers shaping the hot melt adhesives market. Download Free Hot Melt Adhesives Market Sample Report Here: (Including Full

All 5 Releases


More Releases for Manufacturing

Global Miscellaneous Market by Types (Gasket, Packing, and Sealing Device Manufa …
The global Miscellaneous market was valued at xx million in 2020 and is projected to reach US$ xx million by 2027, at a CAGR of xx% during the forecast period. Global Miscellaneous Market overview Miscellaneous Market research report offers great insights into the market and consumer data and their interpretation through various figures and graphs. Miscellaneous markets have experienced significant growth in recent years. The main reason for this is the increasing
Smart Factory Transforming from “Manufacturing” to “Intelligent Manufactur …
The concept of “Industry 4.0” was officially announced by the German government in 2013 at the Hannover Messe. Since then, its influence has taken the world by storm. From steam mechanization to power automation to data informatization, the Industry 4.0, driven by “intelligentization”, will completely subvert the expectations, changing perceptions of productivity and production relations in the traditional manufacturing industry by way of qualitative change – an immortal monument, perhaps,
Additive & Conventional Manufacturing – Hybrid Manufacturing Techniques From C …
Croft Filters, based in Warrington, England, have been supplying custom filtration and separation solutions for over 31 years. Over this time, Croft has developed a reputation for their quality, bespoke service through manufacturing a variety of products for specific requirements. These products have included Filtration Cones, Baskets & Screens, Disc Filters and Filtration Housings amongst others, and they are made with Wire Mesh, Wedge Wire and Perforated Plate, depending on
Storage Hopper Market 2017 - HES Manufacturing, Meridian Manufacturing Inc
Apex Research, recently published a detailed market research study focused on the "Storage Hopper Market" across the global, regional and country level. The report provides 360° analysis of "Storage Hopper Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Storage Hopper industry, and estimates the future trend of Storage Hopper market
Digital Meter Market 2017 - Al-Jon Manufacturing, Environmental Manufacturing, H …
The Global Digital Meter Market 2017 Industry Research Report focused on global and regional market, major manufacturers, as well as the current state of the Digital Meter industry. First, "Global Digital Meter Industry 2017" report analyzed the basic scope of this industry like definition, specification, classification, application, industry policy, news analysis and Digital Meter industry chain structure. Major Companies Covered in this report:- Al-Jon Manufacturing Heitman Laboratories Kws Manufacturing Company Kmb Systems Obvius Holdingd Llc Lubecorp Manufacturing Quadlogic
Competitive Segmentation of Global Mixed-mode Manufacturing Market 2016 Industry …
The market research report titled Mixed-mode Manufacturing Market Research Report 2016 provides a detailed overview of the global Mixed-mode Manufacturing market, in terms of crucial market factors such as the demand drivers, challenges, market segments, key companies, and the recent market trends. The quantitative and the qualitative information presented in this research study is based on primary and secondary sources of information. Moreover, much of the information contained in this