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Base Year: 2024
Companies covered: 20
Tables & Figures: 200
Countries covered: 21
Pages: 180
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Artificial Intelligence (AI) in Manufacturing Market
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AI in Manufacturing Market Size
The global artificial intelligence in manufacturing market size was valued at USD 4.2 billion in 2024 and is estimated to register a CAGR of 31.2% between 2025 and 2034. The growing demand for automation in the manufacturing industry is key drivers for AI adoption. With the need to increase efficiency, reduce operational costs, and improve production rates, manufacturers are leveraging AI to automate processes such as production line monitoring, quality control, and inventory management.
For instance, in December 2023, Mitsubishi Electric India launched smart manufacturing facility for advanced factory automation systems in India. This manufacturing facility is driven by the best industry practices to deliver the product of the highest quality and reliability. Furthermore, advancements in AI hardware and software make AI-driven solutions more accessible to both large and SME businesses in the manufacturing industry.
Governments across the world are prioritizing AI research and development to enhance the competitiveness of their manufacturing industries. Governments are introducing funding programs, tax incentives, and regulations to encourage the integration of AI technologies into manufacturing processes. These initiatives aim to improve productivity, reduce operational costs, and boost innovation across industrial sectors.
For instance, in October 2024, Biden-Harris Administration invested up to USD 100 million to accelerate AI technologies for sustainable semiconductor materials. This support plays a crucial role in overcoming the barriers to AI adoption, such as high costs and a lack of skilled workforce, making AI solutions more accessible to manufacturers of all sizes.
AI in Manufacturing Market Trends
AI in Manufacturing Market Analysis
Based on technology, the AI in manufacturing market is segmented into machine learning, computer vision, natural language processing, and context-aware computing. The machine learning segment dominated the market and is expected to hold around USD 19 billion revenue by 2034.
Based on application, the artificial intelligence in manufacturing market is divided into quality management, predictive maintenance, inventory management, energy management, industrial robotics, and others. The predictive maintenance segment dominated the market with around 25% AI in manufacturing market share in 2024.
The increasing focus on reshoring production and creating more resilient supply chains further fuels the demand for AI solutions in the industry. AI technologies, such as machine learning and predictive maintenance, are seen as critical to improving operational efficiency and reducing costs.
The AI in manufacturing market in the UK is expected to experience significant and promising growth from 2025 to 2034.
The artificial intelligence (AI) in manufacturing market in China is anticipated to witness lucrative growth between 2025 to 2034.
AI in Manufacturing Market Share
IBM and Microsoft hold a market share of around 15% in the AI in manufacturing industry. IBM is focusing on advancing its AI-powered solutions through its IBM Watson platform, which is tailored for industries such as manufacturing. IBM leverages deep industry expertise to offer predictive maintenance, process optimization, and automation solutions. The company is also investing heavily in partnerships and acquisitions to expand its AI capabilities, such as its acquisition of The Weather Company, which aids in data-driven decision-making for manufacturers.
By offering cloud-based services, Microsoft facilitates seamless integration of AI tools into manufacturing workflows, driving digital transformation. Through strategic partnerships with leading manufacturers and a strong focus on AI-driven data analytics, Microsoft is enhancing its presence in the AI in manufacturing industry. Both companies are also heavily investing in research and development to innovate cutting-edge AI solutions.
AI in Manufacturing Market Companies
Major players operating in AI in manufacturing industry include:
AI in Manufacturing Industry News
The artificial intelligence in manufacturing market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue ($Bn) and from 2021 to 2034, for the following segments:
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Market, By Component
Market, By Deployment Model
Market, By Technology
Market, By Application
Market, By End Use
The above information is provided for the following regions and countries: