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Transforming the Industrial Artificial Intelligence Market in 2025: The Rising Adoption Of Automation Technologies Driving Industrial Artificial Intelligence Market Growth
Industrial Artificial Intelligence Market Trends
The industrial artificial intelligence market is expected to grow from $6.08 billion in 2024 to $9.12 billion in 2025, at a CAGR of 50.0%. The growth is fueled by automation in manufacturing, quality control enhancements, energy management, data analytics, smart grids, and cybersecurity solutions.
The Industrial Artificial Intelligence market is set to grow to $48.22 billion by 2029 at a CAGR of 51.6%, driven by big data, quantum computing, and autonomous vehicles in logistics. Trends include AI-driven quality control, energy management, and cybersecurity.
What Factors Are Fueling Growth in the Industrial Artificial Intelligence Market?
The rising adoption of automation technologies is expected to boost the growth of the industrial artificial intelligence market. Automation technologies include a range of tools and systems designed to perform tasks with minimal human involvement. Industrial artificial intelligence helps streamline operations, reduce errors, increase productivity, lower costs, and allow human workers to focus on more valuable tasks, thus enhancing efficiency and innovation. For instance, the International Federation of Robotics (IFR) reported in September 2023 that 158,000 professional service robots were supplied in 2022, a 48% increase, and 553,052 industrial robots were installed globally, marking a 5% annual growth rate. Therefore, the rising adoption of automation technologies is driving the growth of the industrial AI market.
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Which Leading Companies Are Shaping the Growth of the Industrial Artificial Intelligence Market?
Major companies operating in the industrial artificial intelligence market report are Alphabet Inc., Microsoft Corporation, Mitsubishi Electric Corporation, Alibaba Group Holding Limited, Robert Bosch GmbH, Huawei Technologies Co. Ltd., Siemens AG, General Electric Company, Intel Corporation, accenture* PLC, International Business Machines Corporation, Cisco Systems Inc., Schneider Electric SE, SAP SE, ABB Ltd., NVIDIA Corporation, Salesforce.com Inc., Toshiba Corporation, Gerdau S.A., Rockwell Automation Inc., Fanuc Corporation, Yaskawa Electric Corporation, General Vision Inc., Neoris Holdings LLC, TOTVS S.A., Stefanini Inc., Sight Machine Inc., Aibrain Inc., Datarpm Inc., Softtek Servicios Corporativos S.A. de C.V.
What Are the Major Trends Shaping the Industrial Artificial Intelligence Market?
In the industrial artificial intelligence market, companies are developing advanced technologies like generative AI platforms to provide high-quality customer service. Generative AI uses deep learning to create content such as text, images, and audio. For instance, in March 2023, SparkCognition, a US-based AI solutions provider, launched a Generative AI Platform designed for the industrial sector. This platform generates high-quality content, enhancing data sets even with small data inputs, thus improving results and providing businesses with high-fidelity insights.
What Are the Key Segments of the Industrial Artificial Intelligence Market?
The industrial artificial intelligence market covered in this report is segmented -
1) By Offering: Hardware, Software, Platform, Solution
2) By Technology: Computer Vision, Deep Learning, Natural Language Processing (NLP), Context Awareness
3) By Deployment Type: On-Premises, Cloud Based, Hybrid Based
4) By Company Size: Small Medium Enterprises, Larger Enterprises
5) By Industry Vertical: Manufacturing, Automotive, Energy, Healthcare, Agriculture, Transportation And Logistics
Subsegments:
1) By Hardware: AI-Powered Sensors, Edge Devices, Specialized AI Chips
2) By Software: Machine Learning Algorithms, Computer Vision Software, Natural Language Processing (NLP) Tools
3) By Platform: AI Development Platforms, Data Management Platforms, Cloud-Based AI Platforms
4) By Solution: Predictive Maintenance Solutions, Quality Control Solutions, Supply Chain Optimization Solutions
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Which Region Dominates the Industrial Artificial Intelligence Market?
North America was the largest region in the industrial artificial intelligence market in 2024. The regions covered in the industrial artificial intelligence market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Is Covered In The Industrial Artificial Intelligence Global Market Report?
- Market Size Analysis: Analyze the Industrial Artificial Intelligence Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Industrial Artificial Intelligence Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Industrial Artificial Intelligence Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Industrial Artificial Intelligence Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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