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AI In Industrial Machinery Market Share

Report ID: GMI5774
Published Date: May 2023
Report Format: PDF

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AI in Industrial Machinery Market Share

The major companies operating in the AI in industrial machinery market include

Amazon Web Services (AWS)
Google LLC
Intel Corporation
Siemens AG
NVIDIA Corporation
Qualcomm Technologies
Microsoft Corporatio
Cisco Systems, Inc.
IBM Corporation
FANUC Corporation
Hitachi, Ltd.
Schneider Electric SE
Rockwell Automation, Inc.
Honeywell International Inc.
ABB Ltd.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Market size for AI in industrial machinery was USD 1.5 billion in 2022 and will witness over 25% CAGR from 2023-2032 due to the emergence of Industry 4.0 and the rising amount of complex data

The software component segment held over 40% of the industrial machinery share in 2022 owing to the growing need to enable intelligent decision making, predictive maintenance, and automation of business automation

North America accounted for over 50% of the AI in industrial machinery market share in 2022 driven by the higher adoption of AI in the tech industry.

AI in industrial machinery size from the machine learning technology segment may observe over 25% CAGR from 2023-2032 due to the surging requirement to analyze sensor data from commercial machines to predict failures or maintenance needs.