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AI in Industrial Machinery Market Share

Report ID: GMI5774
Published Date: Jul 2024
Report Format: PDF

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AI in Industrial Machinery Market Share

AI in Industrial Machinery Market Market Share Analysis, 2023

In 2023, the market players, such as Amazon Web Services (AWS), Google LLC, Intel Corporation, Nvidia corporation, collectively held around 15%-20% market share. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions and facility expansions & collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position.

AI in Industrial Machinery Market Share

Major players operating in the AI in industrial machinery industry are:

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

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

AI in industrial machinery industry size was valued at USD 2,456.5 million in 2023 and is estimated to record 27.2% CAGR from 2024 to 2032, due to the rapid progress in the manufacturing sector and the rising implementation of sophisticated technological innovations.

AI in industrial machinery market from the component segment recorded USD 1,292.4 million in 2023 and may witness 24.1% CAGR from 2024-2032 driven by rising need for intelligent decision-making, predictive maintenance, and business automation.

North America AI in industrial machinery market size is projected to reach USD 9,531.1 million by 2032, on account of the growing need for automation and optimization across diverse industries

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