Artificial Intelligence in Manufacturing Industry is Expected to Reach US$ 11.5 Bn by 2027

PLEASANTON CA, Sept. 30, 2021 (GLOBE NEWSWIRE) -- The latest study titled "Global Artificial Intelligence in Manufacturing Market Ecosystem By Components; By Deployment; By Technology; By Application; By Device; By Region; By End Users (Logistics, Healthcare, Automotive, Retail, BFSI, Defence, Aerospace, Oil & Gas, Others) Forecast by 2027" published by AllTheResearch, features an analysis of the current and future scenario of the global Artificial Intelligence (AI) in Manufacturing Market. The Global Artificial Intelligence (AI) in Manufacturing Market was valued at USD 2.1 Bn in 2020 and is expected to reach USD 11.5 Bn by 2027, with a growing CAGR of 27.2% during the forecast period. The Artificial Intelligence in manufacturing market is forecasted to grow at a high rate owing to the accelerating innovations in industrial IoT and automation. The manufacturing industry is expected to be among the market leader in the artificial intelligence market. Further, the manufacturing industry is also expected to display the fastest growth during the forecast period due to rapid digital transformation to promote smart solutions in factories, logistics and management.