AI in Industrial Automation Market to Reach USD 111.8 Billion by 2034 as Smart Factory Demand Continues to Rise

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global AI in Industrial Automation Market - (By Type (Machine Learning, (Supervised Learning, Unsupervised Learning, Reinforcement Learning), Deep Learning (Convolutional Neural Networks (CNN), Recurrent Neural Networks (RNN), Generative Adversarial Networks (Gans)), Natural Language Processing (Sentiment Analysis, Language Translation, Speech Recognition), Computer Vision, (Object Detection, Image Classification, Video Analytics)), By Application (Predictive Maintenance, Quality Control And Inspection, Supply Chain Optimization, Industrial Robotics, Process Optimization, Safety And Security), By Industry Vertical (Manufacturing, Automotive, Energy And Utilities, Healthcare, Retail, Aerospace And Defense), Trends, Industry Competition Analysis, Revenue and Forecast To 2034."

According to the latest research by InsightAce Analytic, the Global AI in Industrial Automation Market is valued at USD 20.2 Bn in 2024, and it is expected to reach USD 111.8 Bn by the year 2034, with a CAGR of 18.8% during the forecast period of 2025-2034.

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The adoption of artificial intelligence (AI) in industrial automation is fundamentally transforming traditional manufacturing paradigms by improving operational efficiency, enhancing productivity, and facilitating real-time, data-driven decision-making. The growing integration of AI and advanced robotics is expected to significantly propel the expansion of the AI-driven industrial automation market over the forecast period. This growth is largely attributed to increasing demand for high-precision and high-quality production, alongside the imperative to reduce operational expenditures and boost efficiency across various industrial sectors.

Additionally, evolving consumer preferences favoring AI-based solutions, in conjunction with rapid urbanization and rising disposable incomes, are anticipated to present substantial growth opportunities for industry stakeholders. Leading market participants are investing heavily in research and development, with continuous technological advancements across diverse application areas unlocking new potential for manufacturers and solution providers. Furthermore, supportive government policies and global initiatives aimed at promoting AI adoption in industrial environments are expected to further accelerate market development and competitiveness.

List of Significant Players in the AI in Industrial Automation Market:
• Siemens AG
• ABB Ltd.
• General Electric Company
• Mitsubishi Electrical Corporation
• Schneider Electric SE
• Rockwell Automation, Inc.
• IBM Corporation
• Honeywell International Inc.
• Fanuc Corporation
• Bosch Rexroth AG
• Cognex Corporation
• Kuka AG

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Market Dynamics
Drivers:
The global market for artificial intelligence (AI) in industrial automation is primarily driven by the growing need for data-informed decision-making aimed at enhancing operational efficiency and product quality. Rising consumer demand for precision manufacturing and high-quality outputs is contributing significantly to market expansion. Furthermore, increased emphasis on occupational safety and the mitigation of workplace hazards-particularly through the deployment of AI-powered technologies in high-risk industrial settings-is expected to further accelerate market development.

Challenges:
Despite its promising outlook, the market faces notable obstacles. Limited awareness and slower adoption of AI technologies in emerging economies pose significant barriers to widespread implementation. Additionally, the high capital investment required for the integration of AI into existing industrial systems, along with inadequate advanced infrastructure in some regions, may impede short-term growth. The adverse economic impact of the COVID-19 pandemic has further constrained progress by delaying investment initiatives, disrupting funding for workforce training programs, and slowing the deployment of critical AI-based systems among leading industry stakeholders.

Regional Trends:
North America is anticipated to account for a substantial share of the AI in industrial automation market, supported by a robust compound annual growth rate (CAGR) over the forecast period. This growth is fueled by widespread adoption of AI solutions across key sectors including telecommunications, IT, and manufacturing, as well as significant research and development efforts by major market participants. Europe also maintains a strong position, underpinned by its mature economic infrastructure and increasing integration of AI-enabled technologies. Strategic partnerships and collaborative initiatives among industry leaders are further promoting the advancement of AI applications, creating a favorable landscape for continued market growth in the region.

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Recent Developments:
• In April 2023, Microsoft and Siemens are using the cooperative capabilities of generative artificial intelligence (AI) to assist industrial enterprises in enhancing efficiency and fostering innovation across the engineering, product design, production, and operating lifecycles. To enhance cross-functional communication, the organizations are combining Siemens' product lifecycle management (PLM) Team centre software with Microsoft Teams, the language models in Azure OpenAI Service, and other Azure AI features.

Segmentation of AI in Industrial Automation Market-
By Type:
• Machine Learning
o Supervised Learning
o Unsupervised Learning
o Reinforcement Learning
• Deep Learning
o Convolutional Neural Networks (CNN)
o Recurrent Neural Networks (RNN)
o Generative Adversarial Networks (GANs)
• Natural Language Processing
o Sentiment Analysis
o Language Translation
o Speech Recognition
• Computer Vision
o Object Detection
o Image Classification
o Video Analytics
By Application:
• Predictive Maintenance
• Quality Control and Inspection
• Supply Chain Optimization
• Industrial Robotics
• Process Optimization
• Safety and Security
By Industry Vertical:
• Manufacturing
• Automotive
• Energy and Utilities
• Healthcare
• Retail
• Aerospace and Defense
• Other industries (agriculture, transportation, logistics, finance, etc.)
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

Read Overview Report- https://www.insightaceanalytic.com/report/ai-in-industrial-automation-market/2739

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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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This release was published on openPR.