The AI in Manufacturing Market is projected to reach $29.1 billion by 2030, at a CAGR of 42.1% during the forecast period 2023-2030. With the advent of Industry 4.0, the manufacturing industry has made significant progress in adopting advanced technologies for manufacturing operations and processes. The increasing amount of large complex data and the rising adoption of industrial IoT in the manufacturing industry are the key factors driving the growth of this market. Factors such as the growth of operational productivity in manufacturing operations, rising demand for AI-based applications, growing usage of computer vision in manufacturing, increasing deployment of automation technologies, and growing adoption of 5G technology also contribute to the growth of AI in manufacturing market.
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