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The AI in manufacturing market is projected to reach $84.5 billion by 2031, driven by the adoption of Industry 4.0 and smart manufacturing, the need for predictive maintenance and quality control, and the demand for automation and operational efficiency. However, challenges such as a shortage of skilled workforce and data security concerns impact market growth.
Emerging economies are witnessing a rise in manufacturing operations, leading to increased adoption of AI in supply chain management and logistics. The market is segmented based on components, technology, applications, end-use industries, and geography, offering growth opportunities for stakeholders. Key players in the AI in manufacturing market include Google LLC, IBM, Intel, Microsoft, NVIDIA, Oracle, and others.
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