About Industrial Artificial Intelligence
Industrial synthetic intelligence, or industrial AI, is the utility of AI to industrial use instances like the motion and storage of goods, provide chain management, superior analytics, and automation and robotics in manufacturing. Industrial AI is regularly differentiated from different sorts of AI due to the fact it’s extra centered on the utility of AI applied sciences than in the improvement of human or human-like systems.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Industrial Artificial Intelligence market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Alphabet (United States), Amazon Web Services, Inc. (United States), Microsoft Corporation (United States), Nvidia Corporation (United States), IBM Corporation (United States), Intel Corporation (United States), Siemens AG (Germany), General Electric Company (United States) and Rockwell Automation, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Advanced Micro Devices, Inc. (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Industrial Artificial Intelligence market by and Region.
On the basis of geography, the market of Industrial Artificial Intelligence has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Computer Vision will boost the Industrial Artificial Intelligence market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. Transportation will boost the Industrial Artificial Intelligence market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud will boost the Industrial Artificial Intelligence market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Large Scale Adoption of AI in the IT Industry and Greater Cloud and AI collaboration
Market Growth Drivers:
Rapid Surge of AI Applications and Enhanced Cybersecurity
Challenges:
Data Quality and Data Accessibility and Complex Models Must Be Interpretable
Restraints:
Data Quality
Opportunities:
Increase Production Output and Quality and Improve Machine Maintenance
Market Leaders and their expansionary development strategies
In 2021, Corum announces today that their client, Texas-based AVATA, a leading services provider for supply chain management, enterprise resource planning and enterprise performance management solutions, has been acquired by Rockwell Automation, Inc., based in Wisconsin. AVATA will be integrated into Rockwell’s Lifecycle Services business, Kalypso, expanding their supply chain consulting services to support end-to-end digital transformation solutions across the enterprise and onto the plant floor and beyond to the extended supply chain.
In March 2024, Saudi Aramco, the world’s largest oil company, has launched a generative artificial intelligence model. The Aramco Metabrain AI, a first for the industrial sector, has 250 billion parameters, or learnable variables, which it adjusts during training to make predictions or generate outputs. It was trained on 7 trillion data points gathered over the company’s 90-year history.
Key Target Audience
Industrial Artificial Intelligence Providers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.