AI in Industrial Automation Market Developments Include Strategic Collaborations Between Microsoft and Siemens

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 integration of artificial intelligence (AI) within industrial automation is fundamentally transforming traditional manufacturing paradigms by enhancing operational efficiency, increasing productivity, and enabling real-time, data-driven decision-making. The growing adoption of AI in conjunction with advanced robotics is expected to drive significant expansion in the AI-driven industrial automation market over the forecast period. This growth is primarily propelled by rising demand for precision manufacturing, superior product quality, and cost-effective operations across various industrial sectors.

Additionally, evolving consumer expectations for AI-enabled solutions, combined with rapid urbanization and increasing disposable incomes, are creating substantial opportunities for market stakeholders. Key industry participants are investing heavily in research and development, with continuous technological advancements across multiple applications unlocking new possibilities for manufacturers and solution providers. Furthermore, supportive government policies and global initiatives encouraging AI adoption in industrial environments are anticipated to accelerate market growth and reinforce competitive positioning.

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 artificial intelligence (AI) in industrial automation market is primarily driven by the rising demand for data-driven decision-making aimed at optimizing operational efficiency and enhancing product quality. Increasing consumer expectations for precision manufacturing and superior output standards are further fueling market growth. Additionally, the focus on workplace safety and the mitigation of occupational hazards-achieved through the deployment of AI-enabled technologies in high-risk industrial environments-is anticipated to accelerate market expansion.

Challenges:
Despite promising growth prospects, the market faces notable challenges. Limited awareness and slower adoption of AI solutions in emerging economies present significant barriers to widespread implementation. The high capital expenditure required to integrate AI into existing industrial systems, coupled with underdeveloped infrastructure in certain regions, may constrain near-term growth. Furthermore, economic disruptions caused by the COVID-19 pandemic have impacted market progress by delaying investment initiatives, restricting funding for workforce training programs, and slowing the deployment of AI-based systems among leading industry players.

Regional Trends:
North America is expected to capture a substantial share of the AI in industrial automation market, supported by a robust compound annual growth rate (CAGR) over the forecast period. Growth is driven by extensive adoption of AI solutions across sectors such as telecommunications, information technology, and manufacturing, along with significant research and development efforts by key market participants. Europe continues to maintain a strong market position, underpinned by a mature economic infrastructure and increasing integration of AI technologies. Strategic collaborations and partnerships among industry leaders are further fostering the adoption of AI applications, creating a favorable environment for sustained regional market growth.

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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.