How Has the AI in Manufacturing Market Evolved Historically and What is its Current Size?
The ai in manufacturing market has seen considerable growth due to a variety of factors.
• In the past few years, the market size for AI in manufacturing has seen significant growth. The prediction points towards an increase from $4.11 billion in 2024 to $5.82 billion in 2025, with a compounded annual growth rate (CAGR) of 41.5%.
This growth during the historic period can be linked to several factors. These include more efficient energy usage and sustainability, increased customization and personalization, cost-cutting measures, enhancement of workforce skills and training, and better supply chain optimization.
What Is The Projected Growth Of The AI in Manufacturing Market?
The ai in manufacturing market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated to experience explosive growth in the coming years, the market size of AI in manufacturing is predicted to balloon to $25.23 billion by 2029, indicating a compound annual growth rate (CAGR) of 44.3%.
The upswing in the predictive period can be linked to increased application of edge computing, initiatives on green manufacturing, emphasis on cybersecurity, improved synergy between humans and machines, and robustness in supply chain. Notable trends during the forecast period encompass integrating robotics and automation, honing quality control and identifying defects, leveraging augmented reality, making decisions based on data, and adopting autonomous manufacturing methods.
What Are The Key Drivers Fueling Growth In The AI in Manufacturing Market?
The rising requirement for vehicles is anticipated to fuel the expansion of AI within the manufacturing industry. A car, often referred to as an automobile or motorcar, is a wheeled conveyance meant for transporting people or goods via roads. The car industry employs AI in a variety of aspects of production, including the development of autonomous vehicles, preventative upkeep, data harvesting and examination, along with quality monitoring and review. AI's usage in car manufacturing enables the structuring of the vehicle and the instruments and robots used in the process. As of now, AI is broadly used in the manufacturing, supply chain, post-production, and automobile design. For instance, in May 2023, the European Automobile Manufacturers Association, a trade group based in Belgium, stated that in 2022 the worldwide production of motor vehicles totaled 85.4 million, marking a 5.7% rise from 2021. As a result, the burgeoning demand for vehicles is stimulating the expansion of AI in manufacturing.
What Are The Principal Market Segments In The Global AI in Manufacturing Industry?
The AI in manufacturing market covered in this report is segmented –
1) By Offering: Hardware, Software, Services
2) By Technology: Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision
3) By Deployment: Cloud, On-Premise
4) By Application: Predictive maintenance and machinery inspection, Material Movement, Production Planning, Field Services, Quality Control, Cybersecurity, Industrial Robots, Reclamation
5) By Industry: Automobile, Energy And Power, Semiconductor And Electronics, Pharmaceutical, Heavy Metal And Machine Manufacturing, Food And Beverage, Other Industries
Subsegments:
1) By Hardware: Sensors, Robots, Processors, Automation Systems, IoT Devices
2) By Software: Machine Learning Software, Data Analytics Software, Quality Control Software, Supply Chain Management Software, Customer Relationship Management (CRM) Software
Pre-Book The AI in Manufacturing Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
Which Emerging Market Trends Are Altering The AI in Manufacturing Industry?
Developments in technology constitute a growing trend within the AI in manufacturing market, with businesses in this domain avidly adopting innovative solutions to maintain their competitive edge. As an example, Leela AI, an American software development firm, introduced their first "commonsense" visual AI platform known as Leela Platform in March 2023. This platform aims to boost manufacturing productivity, offering critical analysis hidden from IIOT sensor analytics and enabling manufacturers to gain invaluable insights into their production procedures. The platform allows users to juxtapose productivity across different shifts, workstations, and locations, detect bottlenecks, and determine effective practices. Roles such as industrial engineers, CI officials, and line supervisors can derive advantage from the Leela Platform. The platform operates as a continuous time-and-motion study by acknowledging and tracking the engagement of people with machinery, equipment, parts, and products.
Who Are the Key Players In The AI in Manufacturing Market?
Major companies operating in the AI in manufacturing market report are:
• Nvidia Corporation
• The International Business Machines Corporation
• Siemens AG
• General Electric Company
• SAP SE
• Amazon Inc.
• Mitsubishi Electric Corporation
• Rockwell Automation Inc.
• Robert Bosch GmbH
• Google LLC
• Intel Corporation
• Micron Technology Inc.
• Oracle Corporation
• Cisco Systems Inc.
• Microsoft Corporation
• Hilscher Gesellschaft für Systemautomation GmbH
• Beckhoff Automation GmbH
• Phoenix Contact GmbH & Co. KG
• Veo Robotics
• Automation Anywhere
• Machina Labs Inc.
• Advanced Micro Devices Inc.
• SoluLab
• Keyence Corporation
• LeewayHertz
• Citadel Analytics
• Omron Corporation
• Yokogawa Electric Corporation
• Cognex Corporation
• Bosch Rexroth AG
What Are The Regional Insights Into The AI in Manufacturing Market?
Asia-Pacific was the largest region in the AI in manufacturing market in 2024. It is expected to be the fastest-growing region in the global AI in manufacturing market report during the forecast period. The regions covered in the ai in manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
