Artificial Intelligence in Manufacturing Market size was over USD 5.95 billion in 2024 and is projected to reach USD 656.94 billion by 2037, growing at around 43.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of artificial intelligence in manufacturing is assessed at USD 8.16 billion.
The growth of the market can primarily be attributed to the increasing penetration of advanced technologies, such as, artificial intelligence, machine learning, and augmented reality in the manufacturing industry. With the help of AI, manufacturers can test for design errors in their product. Moreover, product designers can use the inbuilt algorithm and machine learning tools while designing their products. Besides, artificial intelligence has the ability to enhance compatibility, safety, and reduce cost of manufacturing. Along with this, the rapidly growing investment in AI technology, and the rising revenue generated by AI industry, are forecasted to boost the market growth. It is observed that AI industry generated a revenue of around USD 325 billion in 2021. Moreover, the increasing investment in the manufacturing sector, especially automotive sector, is anticipated to boost the market growth. In addition to this, the growing advancements in technology, backed by rising investment in R&D activities, is foreseen to boost the market growth.
Author Credits: Abhishek Verma
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