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AI in Manufacturing Market Trends

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

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AI in Manufacturing Market Trends

Growth Drivers

Growing Adoption of Artificial Intelligence Globally
Rising Adoption of Industry 5.0 amongst the Manufacturing Sector

Challenges

Lack of Skilled Workforce
High Initial Investment in the Industry

Artificial Intelligence in Manufacturing Market: Key Insights

Base Year	2023
Forecast Year	2024–2036
CAGR	43.6%
Base Year Market Size (2023)	USD 4.14 billion
Forecast Year Market Size (2036)	USD 457.1 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Artificial Intelligence in Manufacturing Market Size & Share, Growth Report 2036

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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