Artificial Intelligence (AI) In Industrial Machinery Industry Outlook 2025-2029: Market Set to Cross $7.11 Billion Milestone

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How Large Will the Artificial Intelligence (AI) In Industrial Machinery Market Size By 2025?
In recent times, there has been a significant expansion in the market size of artificial intelligence (AI) in industrial machinery. It is projected to rise from $1.96 billion in 2024 to $2.54 billion in 2025, marking a compound annual growth rate (CAGR) of 29.8%. Factors such as the surging demand for automation, an increase in data proliferation, improvements in cost and efficiency, the emergence of IoT devices, and advancements in AI algorithms contribute to the notable growth during the historic period.

How Big Is the Artificial Intelligence (AI) In Industrial Machinery Market Size Expected to Grow by 2029?
The market for industrial machinery involving artificial intelligence (AI) is predicted to expand exponentially in the coming years. Expected to reach $7.11 billion in 2029 with a compound annual growth rate (CAGR) of 29.4%, the growth during the forecast timeframe can be credited to the adoption of predictive maintenance, AI-enhanced quality control measures, strengthened safety practices, edge computing integration, and AI-facilitated energy optimization. Key thematic shifts in the predicted period include the application of explainable AI in machinery, cooperation between humans and machines, optimization of supply chains through AI, and aspects such as customization, flexibility, and AI-assisted additive manufacturing.

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Which Key Market Drivers Powering Artificial Intelligence (AI) In Industrial Machinery Market Expansion and Growth?
The anticipated surge of artificial intelligence (AI) utilization in industrial settings is primed to boost the expansion of AI within the industrial machinery market. The industrial sector serves as an essential support to businesses that manufacture, distribute, or create products. AI enhances industrial operations, proactively detects equipment problems, and promotes superior smart services which culminate in amplified productivity, problem detection, and a decrease in machine breakdowns for makers. For example, a report by the United States Census Bureau, an American federal statistical agency, disclosed in March 2024 that the embrace of AI is rapidly growing, from 3.7% of firms in Fall 2023 to 5.4% in February 2024. Predictions show a potential increment to 6.6% by Fall 2024, and the employment-weighted use rate suggests that around 12% of industrial workers will be employing AI at that point. As a result, the ongoing uptick in AI application within the industrial sector fuels the AI in industrial machinery market.

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Which Fast-Growing Trends Are Poised to Disrupt the Artificial Intelligence (AI) In Industrial Machinery Market?
The primary trend emerging in the AI in industrial machinery market is product innovation. Prominent players in the market are concentrating on the creation of groundbreaking goods to solidify their market stance. For example, in November 2022, Advantech Co. Ltd., a Taiwanese firm specializing in machine automation, IoT intelligent systems, and embedded computing teamed up with Actility, a French company offering sophisticated IoT connectivity solutions, to unveil a novel and cutting-edge integrated AI solution for rotating machines. This new offering is powered by high-grade WISE-6610 LoRaWAN gateway, the advanced WISE-2410 vibration sensor, the refined Advantech iMachine or prognostics and health management (PHM) application, alongside Actility's ThingPark Enterprise IoT network administration platform. This technology aids the machine operation crew in executing machine forecasts and health monitoring, offering users the flexibility to oversee multiple machines from a single point due to its real-time health index of the machine, featuring ISO 10816 and degeneration levels.

What Are the Emerging Segments in the Artificial Intelligence (AI) In Industrial Machinery Market?
The artificial intelligence (AI) in industrial machinery market covered in this report is segmented -

1) By Component: Hardware, Software, Services
2) By Technology: Machine Learning, Computer Vision, Context Awareness, Natural Language Processing
3) By Application: Predictive Maintenance, Quality Control, Process Optimization, Supply Chain Optimization, Intelligent Robotics, Autonomous Vehicles And Guided Systems, Energy Management, Human-Machine Interfaces, Other Applications
4) By End-Use: Commercial, Agriculture, Construction, Packaging, Food Processing, Mining, Semiconductor Manufacturing

Subsegments:
1) By Hardware: AI-Enabled Sensors, Robotics And Automation Equipment, Edge Computing Devices
2) By Software: Machine Learning Algorithms, AI-Driven Analytics Platforms, Simulation And Modeling Software
3) By Services: AI Consulting Services, Integration And Implementation Services, Maintenance And Support Services

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Who Are the Global Leaders in the Artificial Intelligence (AI) In Industrial Machinery Market?
Major companies operating in the artificial intelligence (AI) in industrial machinery market include Microsoft Corporation, Hitachi Ltd., Amazon Web Services Inc., Siemens AG, Intel Corporation, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Honeywell International Inc., SAP SE, ABB Ltd., NVIDIA Corporation, Rockwell Automation Inc., FANUC Corporation, Autodesk Inc., Arista Networks Private Limited, Pegasystems Inc., UiPath, Automation Anywhere Inc., Blue Prism Limited., C3.ai Inc., DataRobot Inc., Appen Limited, H2O.ai, Dataiku, WorkFusion Inc., Alphasense Inc., CrowdFlower Inc., Suki.AI, Clarifai Inc.

Which are the Top Profitable Regional Markets for the Artificial Intelligence (AI) In Industrial Machinery Industry?
North America was the largest region in the artificial intelligence (AI) in industrial machinery market in 2024. The regions covered in the artificial intelligence (AI) in industrial machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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