Press release
Soaring Demand Set to Propel Artificial Intelligence (AI) In Industrial Machinery Market to $7.02 Billion by 2029
Artificial Intelligence (AI) In Industrial Machinery
What Is the Expected CAGR for the Artificial Intelligence (AI) In Industrial Machinery Market Through 2025?
The market size for artificial intelligence (AI) in industrial machinery has experienced substantial growth in the past few years. The projections show an increase from $1.96 billion in 2024 to $2.52 billion the following year, indicating a compound annual growth rate (CAGR) of 28.9%. This growth during the historic period is driven by factors such as the need for automation, data boom, improvements in cost and efficiency, proliferation of IoT devices, and advancements in AI algorithms.
What's the Projected Size of the Global Artificial Intelligence (AI) In Industrial Machinery Market by 2029?
The market size of artificial intelligence (AI) in industrial machinery is predicted to experience significant expansion in the coming years, reaching $7.02 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 29.1%. This anticipated growth in the forecast period can be credited to the use of AI in predictive maintenance, enforcing improved safety protocols, integrating edge computing, controlling quality, and optimizing energy usage. Several trends set to define the forecast period encompass the use of explainable AI in machinery, collaboration between humans and machines, AI-assisted optimization of supply chains, the ability to customize and provide flexibility, and additive manufacturing driven by AI.
View the full report here:
https://www.thebusinessresearchcompany.com/report/artificial-intelligence-ai-in-industrial-machinery-global-market-report
Top Growth Drivers in the Artificial Intelligence (AI) In Industrial Machinery Industry: What's Accelerating the Market?
The increasing adoption of artificial intelligence (AI) in the industrial realm is set to boost the AI sector in the industrial machinery market in the coming years. The industrial sector, an integral part of the economy, is constituted by businesses that support other businesses in manufacturing, delivering, or producing their goods. AI enhances industrial operations, forecasts machinery problems and offers enhanced smart services. This ultimately leads to improved productivity, issue detection and decreased machinery breakdowns for manufacturers. For example, a report issued by the United States Census Bureau, a federal statistical agency based in the US, stated in March 2024 that the use of AI is rapidly growing, rising from 3.7% of companies in Fall 2023 to 5.4% in February 2024. This trend is expected to continue, with predictions indicating an increase to 6.6% by Fall 2024. Furthermore, the employment-weighted usage rate implies that approximately 12% of workers in firms will be utilizing AI by then. Consequently, the escalating use of AI in the industrial domain is fuelling the AI in the industrial machinery market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12617&type=smp
What Trends Will Shape the Artificial Intelligence (AI) In Industrial Machinery Market Through 2029 and Beyond?
Product innovation is emerging as a pivotal trend in the AI in industrial machinery market. In an effort to retain their competitive edge, companies in this segment are concentrating on creating unique and advanced products. For example, Advantech Co. Ltd., a company specializing in machine automation, IoT intelligent systems, and embedded computing hailing from Taiwan, collaborated with France-based IoT connectivity solutions provider, Actility, in November 2022. They introduced an ingenious AI solution for rotating machinery, designed using the WISE-6610 LoRaWAN gateway, the WISE-2410 vibration sensor from Advantech, the advanced Advantech iMachine or prognostics and health management (PHM) application, and Actility's ThingPark Enterprise IoT network administration platform. This novel system aids the machine operation team in executing predictions and overseeing the health of machines. It provides the ability to oversee the condition of multiple machines at once due to the real-time machine health index that features ISO 10816 and deterioration degrees.
What Are the Main Segments in the Artificial Intelligence (AI) In Industrial Machinery Market?
The artificial intelligence (ai) in industrial machinerymarket 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
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=12617&type=smp
Which Top Companies are Driving Growth 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 Regions Will Dominate the Artificial Intelligence (AI) In Industrial Machinery Market Through 2029?
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
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=12617
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with 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.
Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Soaring Demand Set to Propel Artificial Intelligence (AI) In Industrial Machinery Market to $7.02 Billion by 2029 here
News-ID: 4226786 • Views: …
More Releases from The Business Research Company
Segment Analysis And Key Growth Categories In The Disc Sterilizer Steam Market
The disc sterilizer steam market is poised for notable expansion in the coming years, driven by advances in healthcare and biotechnology sectors. With growing emphasis on infection control and medical safety, this industry is evolving rapidly, supported by technological innovations and increasing healthcare investments around the world. Below is an in-depth look at the current market size, leading players, emerging trends, and segmentation details shaping this market's future trajectory.
Projected Market…
New Growth Trends Accelerating Expansion In The Dental Practice Revenue Analytic …
The dental practice revenue analytics market is poised for significant advancement as dental care providers increasingly embrace technological solutions to enhance their financial and operational performance. With the integration of innovative analytics tools, the sector is set to transform how dental practices manage revenue and patient outcomes. Let's delve into the market size projections, key players, notable trends, and segment details shaping this evolving industry.
Projected Growth and Market Size of…
Segmentation Overview, Market Dynamics, And Competitive Positioning In The DC Wa …
The market for DC wallbox chargers is set for a remarkable expansion as electric vehicles (EVs) continue to gain popularity and demand for efficient charging infrastructure rises. With technological innovations and growing collaborations shaping the landscape, this sector is on track to transform how EVs integrate with energy systems. Let's explore the market size, key players, emerging trends, and segmentation details that define the future of DC wallbox chargers.
Steady Market…
Segment Analysis And Key Growth Categories In The Contrast Therapy Equipment Mar …
The contrast therapy equipment market is on track for significant expansion as demand for innovative recovery and rehabilitation solutions continues to rise. Driven by technological advancements and growing interest in health and fitness, this sector is expected to witness robust growth in the coming years. Below, we explore the market size, key players, emerging trends, and segment details shaping the landscape.
Projected Growth and Size of the Contrast Therapy Equipment Market
The…
More Releases for Machine
Concrete Block Machine market: Lucrative Segments and their Underlying Factors | …
"
The Concrete Block Machine global market is thoroughly researched in this report, noting important aspects like market competition, global and regional growth, market segmentation and market structure. The report author analysts have estimated the size of the global market in terms of value and volume using the latest research tools and techniques. The report also includes estimates for market share, revenue, production, consumption, gross profit margin, CAGR, and other key…
Agriculture Machine to Machine (M2M) Agriculture Machine to Machine (M2M)
Global Agriculture Machine to Machine (M2M) market study offers an all-inclusive analysis of the major strategies, corporate models, and market shares of the most noticeable players in this market. Significant market players of market their aggressive scene, improvement plans and arrangements are clarified in the research report. Further, the market status and SWOT analysis are conducted on a regional and country level to prepare development plans and analyse the market…
Machine To Machine (M2M) Connections Market
Machine to Machine (M2M) Connections Market Research study which offers insights of in-depth research on historic and current market size along with the expected future prospects of the market and emerging trends in the market. The Machine to Machine (M2M) Connections Market report provides crucial information about the market, including Opinions from Industry experts, and the recent progressions and developments of the Machine to Machine (M2M) Connections Market.
Mobile, other connected…
Drilling Machine Market by Type (Sensitive Drilling Machine, Upright Drilling Ma …
Asia-Pacific serves as the most productive region as compared to others with diverse industry verticals significantly investing in drilling machine. Moreover, various domestic players are investing in the automotive and military & defense sectors, which is anticipated to boost the demand for drilling machines and its components to complete the respective operations with reduced labor cost and high precision of work within optimized time. Furthermore, the drilling machine market is…
Drilling Machine Market Report 2018: Segmentation by Type (Portable Drilling Mac …
Global Drilling Machine market research report provides company profile for Halliburton, Atlas Copco, Torquado Drilling Accessories, DATRON, DMTG, DMG MORI, SMTCL, NewTech Drilling Products, Baker Huges, Cheston, National Oilwell Varco and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the…
Washing Machine Market Report 2018: Segmentation by Washing Machine Type (Drum-t …
Global Washing Machine market research report provides company profile for Frigidaire (US), Arbreau (US), Kenmore (US), ECOAP (China), Turbo Series (Korea), Avanti (Denmark), Fisher & Paykel (New Zealand), Globe House Products (US), GE (US), LG (Korea), Electrolux (Sweden), Samsung (Korea), Speed Queen(US), Bosch (Germany) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018…
