United States Artificial
Intelligence Market is expected to increase during
the forecast period due to the increasing penetration of digital technologies
along with the heavy investment in research & development by tech giants fueling
the growth of United States Artificial Intelligence Market.
Artificial
intelligence is the reconstruction of human intelligence in computers that
have been designed to think and behave like people. Machine learning, machine
vision, automation, robotics, and other types of technologies all use
artificial intelligence.
Proliferation
of Automobile Industry
The
automotive industry is emerging as a major source of AI in which autonomous
vehicles are the most public-facing application of AI in the automotive sector.
AI chips, computer vision, and ML are the key AI technologies associated with
self-driving. Moreover, the use of AI in automotive manufacturing will
increasingly overlap with the development of sustainable smart cities. 5G
connectivity will provide a foundation of low-latency communication from
vehicle-to-vehicle (V2V) and eventually vehicle-to-everything (V2X), which
opens up a whole range of AI use cases. In addition, AI will help with centralized
traffic management, which will enhance travel efficiency and reduce vehicle
energy use from a sustainability standpoint. Mobility providers will continue
to use AI in fleet management and real-time vehicle routing, and infotainment
systems will be able to support ambient commerce thanks to interactions with
smart infrastructure. For, instance, Tesla makes use of cutting-edge artificial
intelligence technology, such as autopilot, and uses customer datasets for data
analytics to forecast and gather information about consumer requirements, which
is then used to enhance the features of its vehicles.
Growing
Healthcare Industry
Healthcare
is one of the utmost critical sectors in the broader scene of big data because
of its primary role in a constructive and prosperous society. The application
of AI to healthcare data can exactly be a matter of life and death. AI can aid
doctors, nurses, and other healthcare workers in their daily work. AI in
healthcare can improve preventive care and quality of life, construct more precise
diagnoses and treatment plans, and indicate to better patient outcomes overall.
AI can also forecast and track the disperse of infectious diseases by examining
data from a government, healthcare, and other sources. As a result, AI can play
a fundamental role in country’s public health as a tool for resisting epidemics
and pandemics.
Tech
giants like Google are collaborating with health firms to build programming
that compiles user data to identify patients at risk for conditions that are
typically genetically predisposed but difficult to predict like cancer.
However, simple AI tools also extend beyond more precise diagnosis in the
medical field where doctors use natural language processing algorithms for
transcribing patient-doctor interactions, surgeons use robots to improve the
precision of surgeries, and hospitals employ algorithm-driven processes to replace
rote tasks within hospitals. The proper use of these tools in healthcare will
change the way medicine is administered: it can improve patient care, reduce
fatalities with early diagnoses, and create more jobs through specialization.
Thus, with the growing adoption of AI in healthcare sector is expected to
increase the United States artificial intelligence market in the coming years.
Increasing
Internet of Technology (IoT)
IoT
has been constantly adopted across the business world over the past decade. Every
day, IoT devices generate around one billion gigabytes of data. By 2025, the
projection for IoT-connected devices globally is 42 billion. As the networks
grow, the data does too. With AI, IoT has an extensive range of profits for
organizations and proposals a powerful solution to intelligent automation such
as avoiding downtime, increasing operational efficiency, enabling new and
improved products and services and improved risk management. Moreover, IoT
along with AI is also revolutionizing many industries including manufacturing,
sales and marketing, automotive, healthcare etc. which has led to the rising
growth of the United States Artificial Intelligence Market in coming years.
Increasing
Implementation of AI in Smart Homes:
With
the development of AI technology, the smart home domain has gradually evolved
towards the concept of a control centre that connects individual devices
scattered across the home to form a complete smart home ecosystem. Built upon
the IoT, a smart home ecosystem is composed of hardware (e.g., smart
appliances, security control equipment, furniture), software systems, and cloud-based
platforms. It integrates speech recognition, visual recognition, deep learning
domain models, user portraits and other technical means to actively understand
the needs of users.
Smart
homes aim at achieving device interoperability and device self-learning, and
through the collection and analysis of user behavior data can provide
personalized services to make homes safer, more comfortable and more energy
efficient. At the same time, such systems can also improve the efficiency of
home appliances, reduce energy and natural resource consumption, and create a
more sustainable and healthier home style. The smart home industry can also
promote the evolution of the incumbent home appliance market and contribute to
the continuous development and industrialization of AI.
Moreover,
major home appliance manufacturers in USA are actively developing smart home
solutions. Mature applications include smart refrigerators, smart air
conditioners, smart washing machines, smart water heaters, smart kitchen
appliances, smart speakers, and many other smart appliances reflecting the
concept of “all things connected”. Companies have developed products that can
interconnect and mutually control various home appliances and gather large
amounts of data for prediction and analysis tasks. Internet-based capabilities
have generally been well received by consumers.
Thus,
the United States artificial intelligence market is likely to grow in the
upcoming period at a robust pace along with the rising number of smart homes.
Shifting
Towards Smart Manufacturing:
Smart manufacturing is
fundamentally the integration of ICT with advanced manufacturing techniques.
All manufacturing activities are potentially impacted including design,
production, management and service.
A smart factory is an interactive
factory in which data from design teams, supply chains, production lines and quality
control are coupled to form an extremely integrated, intelligent platform that
will aid in redefining future production lines. With the raising need for
flexibility to suit a diverse range of production domains, the manufacturing
sector has to rely on automation, machine learning and other fields of AI to
meet these rising challenges.
Through machine learning,
systems have the ability to learn from experience, with the result that they
are constantly improving. This enables manufacturing to be faster, more
flexible and specifically scalable by providing predictive insights to manage
everything from plant effectiveness to selecting optimal suppliers and gauging
pricing against demand.
Another benefit of AI in
manufacturing is support of economic growth, whereby AI is used to manage
capital efficiency, including labor requirements and machinery schedules to
realize on-demand production, improve operating efficiency, shorten product
cycles, enhance production capacity, reduce downtime and ultimately achieve
cost savings.
Hence, due to these stated
factors the United States artificial intelligence market is predictable to grow
during the forecast period.
Recent Developments
·
In May 2023, White House
announces USD 140 million A.I. hub investment ahead of meeting with Google,
OpenAI.
·
On January 27, 2023, the
United States and European Union signed an agreement to unite experts from
across the United States and Europe to conduct collaborative research on AI,
computing, and related privacy-enhancing technologies.
·
In February 2023, the White
House launched a partnership with India in which President Joe Biden hopes will
help the countries compete against China on military equipment, semiconductors
and artificial intelligence.
·
In November 2022, NVIDIA
collaborates with Microsoft Corporation to build massive cloud AI supercomputer
to help enterprises train, deploy and scale AI, including large,
state-of-the-art models.
·
In May 2022, MBZUAI
announced plans for a strategic collaboration with IBM. The initiative seeks to
develop, validate, and incubate technologies that harness the capabilities of
AI to address civic, social, and business challenges. Further, the
collaboration aims to provide real-life applications, particularly in the
fields of natural language processing, as well as AI applications that seek to
further climate and sustainability goals and accelerate discoveries in
healthcare.
·
In October 2022, Google
Cloud announced Medical Imaging Suite, new technology, to offer flexible
options for cloud, edge deployment to allow organizations to meet diverse
sovereignty, data security, and privacy requirements, centralized management
and policy enforcement with Google Distributed Cloud
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Market
Segments
United
States Artificial Intelligence Market is segmented into type, technology,
deployment, Industry and region. Based on type, the strong AI and weak AI. Based
on technology, the market is segmented into machine learning, deep learning,
natural language processing, computer vision, and others. Based on deployment,
the market is segmented into cloud and on-premises. Based on Industry, the
market is segmented into healthcare, retail & e-commerce, logistics and
transportation, manufacturing, consumer electronics, BFSI, and others. Based on
region, the market is segmented into Northeast, Southwest, West, Southeast, and
Midwest.
Market Players
Major market players in the United States Artificial Intelligence Market are Amazon Web Services,
Google LLC, IBM Corporation, Microsoft Corporation, Nvidia Corporation, Alibaba
Group Holding Ltd, Intel Corporation, Salesforce, Inc., Oracle Corporation,
Hewlett Packard Enterprise Development LP, SAS Institute Inc., Baidu, Inc., Sensely,
Inc., H2O.ai., Samsung Electronics Co., Ltd.
|
Attribute
|
Details
|
|
Base Year
|
2022
|
|
Historic Data
|
2018 –
2022
|
|
Estimated Year
|
2023
|
|
Forecast Period
|
2024
– 2028
|
|
Quantitative Units
|
Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028
|
|
Report coverage
|
Revenue
forecast, company share, growth factors, and trends
|
|
Segments covered
|
Type
Technology
Deployment
Industry
Region
|
|
Regional Scope
|
Northeast, Southwest, West, Southeast, and Midwest.
|
|
Key companies profiled
|
Amazon Web
Services, Google LLC, IBM Corporation, Microsoft Corporation, Nvidia
Corporation, Alibaba Group Holding Ltd, Intel Corporation, Salesforce, Inc.,
Oracle Corporation, Hewlett Packard Enterprise Development LP, SAS Institute
Inc., Baidu, Inc., Sensely, Inc., H2O.ai., Samsung Electronics Co., Ltd.
|
|
Customization scope
|
10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
|
Delivery Format
|
PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request)
|
Report
Scope:
In this
report, United States Artificial Intelligence Market has been segmented into following categories, in addition
to the industry trends which have also been detailed below:
- United States Artificial Intelligence Market, By Type:
- United States Artificial Intelligence Market, By
Technology:
- Machine Learning
- Deep Learning
- Natural Language Processing
- Computer Vision
- Others
- United States Artificial Intelligence Market, By
Deployment:
- United States Artificial Intelligence Market, By Industry:
- Healthcare
- Retail & E-Commerce
- Logistics and Transportation
- Manufacturing
- Consumer Electronics
- BFSI
- Others
- United States Artificial Intelligence Market, By
Region:
- Northeast
- Southwest
- West
- Southeast
- Midwest
Competitive
Landscape
Company
Profiles: Detailed analysis of the major
companies present in United States Artificial Intelligence Market.
Available
Customizations:
United
States Artificial Intelligence Market
with the given market data, Tech Sci Research offers customizations
according to a company’s specific needs. The following customization options
are available for the report:
Company
Information
·
Detailed analysis and profiling of additional
market players (up to five).
United States
Artificial Intelligence Market is
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