Press release
Revolutionizing Manufacturing with AI Integration
According to The Business Research Company's, The ai in manufacturing market size has grown exponentially in recent years. It will grow from $2.88 billion in 2023 to $3.98 billion in 2024 at a compound annual growth rate (CAGR) of 38.1%. The growth in the historic period can be attributed to energy efficiency and sustainability, customization and personalization, cost reduction measures, workforce upskilling and training, supply chain optimization.
The ai in manufacturing market size is expected to see exponential growth in the next few years. It will grow to $13.53 billion in 2028 at a compound annual growth rate (CAGR) of 35.8%. The growth in the forecast period can be attributed to adoption of edge computing, green manufacturing initiatives, focus on cybersecurity, enhanced human-machine collaboration, supply chain resilience. Major trends in the forecast period include robotics and automation integration, quality control and defect detection, augmented reality applications, data-driven decision-making, autonomous manufacturing processes.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/ai-in-manufacturing-global-market-report
Market Drivers and Trends:
The increasing demand for automobiles is expected to propel the growth of AI in the manufacturing market going forward. An automobile, commonly known as a car or a motorcar, is a wheeled vehicle designed for the transportation of passengers or goods on roads. The automobile industry incorporates AI (artificial intelligence) in manufacturing in several ways, such as autonomous vehicle development, predictive maintenance, data collection and analysis, and quality control and inspection. Utilizing AI in the automotive sector makes it possible to design the vehicle as well as the tools and robots employed in its production. AI is currently being used in the manufacturing, supply chain, post-production, and design of automobiles. For instance, in March 2022, according to Bankrate, a US-based financial services company, 64,344 automobiles (21,177 vehicles and 43,167 light trucks) were sold in the United States, an increase of 37.4% from 2021. For instance, in April 2022, according to the European Automobile Manufacturers Association, a Belgium-based lobbying and standards group for the automobile industry, 79.1 million automobiles were produced globally in 2021, a 1.3% rise from 2020. Therefore, the increasing demand for automobiles is driving the growth of AI in the manufacturing market.
Technological advancements are a key trend gaining popularity in AI in manufacturing market. Companies operating in AI in the manufacturing market are focused on adopting new technologies to sustain their position in the market. For instance, in March 2023, Leela AI, a US-based software development company, launched Leela Platform, its first 'commonsense' visual AI platform to improve manufacturing output. Using the Leela Platform, manufacturers can gain insights into production processes that are hidden from Industrial Internet of Things (IIOT) sensor analytics. The software offers insights that allow users to compare productivity between shifts, workstations, and locations, find bottlenecks, and identify best practices. Industrial engineers, CI officers, and line supervisors can use and benefit from the Leela Platform. By recognizing and monitoring frontline activities as people engage with equipment, machines, parts, and products, the Leela Platform functions as an ongoing time-and-motion study.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=10696&type=smp
Major Key Players of the Market:
Nvidia Corporation; The International Business Machines Corporation; Siemens AG; General Electric Company; SAP SE; Amazon Inc.; Mitsubishi Electric Corporation; Rockwell Automation Inc.; Robert Bosch GmbH; Google LLC; Intel Corporation; Micron Technology Inc.; Oracle Corporation; Cisco Systems Inc.; Microsoft Corporation; Hilscher Gesellschaft für Systemautomation GmbH; Beckhoff Automation GmbH; Phoenix Contact GmbH & Co. KG; Veo Robotics; Automation Anywhere; Machina Labs Inc.; Advanced Micro Devices Inc.; SoluLab; Keyence Corporation; LeewayHertz; Citadel Analytics; Omron Corporation; Yokogawa Electric Corporation; Cognex Corporation; Bosch Rexroth AG
AI in Manufacturing Market 2024 Key Insights:
• The ai in manufacturing market will grow to $13.53 billion in 2028 at a compound annual growth rate (CAGR) of 35.8%.
• Rising Automobile Demand Accelerates AI Integration In Manufacturing
• Visual AI Platform Revolutionizes Manufacturing Productivity
• Asia-Pacific was the largest region in the AI in manufacturing market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=10696&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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 Revolutionizing Manufacturing with AI Integration here
News-ID: 3750055 • Views: …
More Releases from The Business Research Company
Global High-Resolution Anoscopy Market Outlook 2025-2034: Trends, Innovations, A …
The High-Resolution Anoscopy Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the High-Resolution Anoscopy Market Size and Projected Growth Rate?
The market size for high-resolution anoscopy has experienced significant growth over the past few years. The market is predicted to increase from $15.03 billion…
Condyloma Acuminata Treatment Market Size Projected To Reach $2.2 Billion By 203 …
"The Condyloma Acuminata Treatment Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Condyloma Acuminata Treatment Market Size During the Forecast Period?
In the past few years, the condyloma acuminata treatment market has seen significant growth. The market value, which is anticipated to…
Household Type Fans Market Forecast 2025-2034: Comprehensive Analysis And Growth …
"The Household Type Fans Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the Household Type Fans Market?
The market size for household fans has seen consistent expansion in recent years. The projections indicate an increase from $32.22 billion in 2024…
Grain Fumigants Industry Report 2025-2034: Market Dynamics, Trends, And Forecast …
The Grain Fumigants Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Grain Fumigants Market Size During the Forecast Period?
The Grain Fumigants Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This…
More Releases for Corporation;
Endotherapy Devices Market Key Players: Hoya Corporation, Olympus Corporation, S …
A fresh report titled “Endotherapy Devices Market” has been presented by KD market insights. It evaluates the key market trends, advantages, and factors that are pushing the overall growth of the market. The report also analyzes the different segments along with major geographies that have more demand for Endotherapy Devices Market. The competition analysis is also a major part of the report.
The global endotherapy devices market is projected to reach…
Digital Living Room Market 2017-2025 | Samsung Corporation, Sharp Corporation, B …
Global Digital Living Room Market: Snapshot
The living room gadgets in the early 1980s were predominantly televisions. Today, living rooms have evolved into a place with a number of devices thanks to inventions and evolution of the consumer electronics industry. Following this, researchers are focused on bridging the gaps between different devices in the living room by means of connected living rooms. This involves connecting the array of primary and secondary…
Global Healthcare Clinical Analytics Market to 2022| IBM Corporation, Cerner Cor …
Albany, NY, 3rd December : Recent research and the current scenario as well as future market potential of "Global Market Study on Healthcare Clinical Analytics: North America to be the Most Lucrative Market During the Assessment Period (2017 - 2022)" globally.
Introduction
Persistence Market Research delivers yet another unbiased, comprehensive and insightful report titled ‘Healthcare Clinical Analytics Market: Global Industry Analysis (2012-2016) and Forecast (2017-2022)’.
Get PDF for more Professional and Technical insights…
Endotherapy Devices Market Key Players : Hoya Corporation, Olympus Corporation, …
Endoscopy Devices Market is performed to examine abdominal pain, ulcers, digestive tract bleeding, and abnormal growths in the colon and other abdominal & gastrointestinal (GI) conditions. The minimally invasiveness of this procedure with fewer post operation complications makes it one of the most preferred and sought-after procedures in diagnostics and surgeries. The global endotherapy devices market is projected reach $5,015 million by 2024 from $3,369.0 million in 2017, growing at…
Endoscopy Devices Market Share with Olympus Corporation, HOYA Corporation, Fujif …
Endoscopy Devices Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $40,854 million by 2022 from $27,273 million in 2015, registering a CAGR of 5.7% during the period 2016 to 2022. The flexible endoscopes are expected to dominate the global endoscopy devices market. North America is projected to continue its lead, accounting for more than one-third share of the global endoscopy devices market…
Digital Living Room Market 2017 - 2025 : Sharp Corporation, BenQ Corporation, So …
Global Digital Living Room Market: Snapshot
The living room gadgets in the early 1980s were predominantly televisions. Today, living rooms have evolved into a place with a number of devices thanks to inventions and evolution of the consumer electronics industry. Following this, researchers are focused on bridging the gaps between different devices in the living room by means of connected living rooms. This involves connecting the array of primary and secondary…
