AI in Manufacturing Market Analysis

  • Report ID: 3767
  • Published Date: Aug 23, 2024
  • Report Format: PDF, PPT

AI in Manufacturing Market Analysis

The market is segmented by end-user into automotive, electronics, semiconductor, and others, out of which, the automotive segment is anticipated to hold the notable share in the global artificial intelligence in manufacturing market over the forecast period. This can be attributed to the need of high accuracy and precision for manufacturing any automobile, which is easier to achieve with the help of AI. Moreover, application of AI in manufacturing automobiles can make the process cost effective, which is further estimated to boost the market growth. 

Our in-depth analysis of the global market includes the following segments:

           By Component

  • Hardware
  • Software
  • Services

             By Application

  • Production Management
  • Planning Control
  • Machinery Inspection
  • Predictive Management
  • Others

 

 

           By End-User

  • Automotive
  • Electronics
  • Semiconductor
  • Others
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Author Credits:  Abhishek Verma


  • Report ID: 3767
  • Published Date: Aug 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of artificial intelligence in manufacturing is evaluated at USD 5.58 billion.

Artificial Intelligence in Manufacturing Market size was valued at USD 4.14 billion in 2023 and is set to cross USD 457.1 billion by 2036, registering more than 43.6% CAGR during the forecast period i.e., between 2024-2036. The growing adoption of industry 5.0 by manufacturers will boost the market growth.

Asia Pacific industry is anticipated to dominate majority revenue share by 2036, on account of growing manufacturing sector in the region.

The major players in the market are General Electric Company, Microsoft Corporation, Intel Corporation, Alphabet Inc., IBM Corporation, General Vision Inc., Rockwell Automation Inc., SAP SE, Cisco Systems, Inc., and others.
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