The Global Artificial Intelligence in Manufacturing Market was valued at USD 280.21 million in 2016 and is projected to reach USD 12367.90 million by 2025, growing at a CAGR of 52.32% from 2017 to 2025.
Artificial intelligence (AI) is an area of computer science that emphasizes the creation of intelligent machines that work and reacts like humans. Artificial intelligence is one of the technologies that give manufacturers the ability to keep up with the new pace of business. There are several benefits of artificial intelligence in manufacturing industry that includes – increase production capacity, provides more relevant data for better management, , improves preventative maintenance, enables condition monitoring processes, improved product and service quality, and increasing production.
Global Artificial Intelligence in Manufacturing Market by Top Leading Companies (2018-2025): IBM Corporation, SAP SE, Nvidia Corporation, Siemens AG, Microsoft Corporation, Datarpm, General Vision, Inc., Cisco Systems, Inc., Oracle Corporation, Intel Corporation, Alphabet Inc., General Electric (GE) Company, Sight Machine, Rockwell Automation Inc., Mitsubishi Electric Corporation, Etc.