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Rising Automobile Demand Accelerates AI Integration In Manufacturing: Key Factor Driving The Growth In The AI in Manufacturing Market
AI in Manufacturing Market
What Is the Expected AI in Manufacturing Market Size During the Forecast Period?
The AI in manufacturing market has expanded significantly in recent years. It is expected to rise from $4.11 billion in 2024 to $5.82 billion in 2025, with a CAGR of 41.5%. This growth can be linked to improved energy efficiency, personalization capabilities, cost savings, workforce skill development, and optimized supply chains.
The AI in manufacturing market is set to experience exponential growth in the coming years. It is expected to reach $25.23 billion by 2029, with a CAGR of 44.3%. This growth is fueled by the adoption of edge computing, green manufacturing initiatives, a focus on cybersecurity, improved human-machine collaboration, and enhanced supply chain resilience. Major trends include robotics and automation, quality control and defect detection, augmented reality applications, data-driven decision-making, and autonomous manufacturing processes.
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What Are the High-Growth Segments in the AI in Manufacturing Market?
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
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What Key Drivers Are Expected to Influence Future AI in Manufacturing Market Growth?
The surge in automobile demand is advancing the AI in manufacturing market. AI supports vehicle production through applications like predictive maintenance, quality control, and automation in design and assembly. The European Automobile Manufacturers Association reported that global motor vehicle production reached 85.4 million in 2022-a 5.7% increase from 2021-demonstrating the automotive sector's growing reliance on AI technologies.
Which Companies Hold the Largest Share Across Different AI in Manufacturing Market Segments?
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 Trends Are Driving Growth in The AI in Manufacturing Market?
The adoption of new technologies is a prominent trend in the AI in manufacturing market, as companies aim to maintain competitiveness. For example, Leela AI launched the Leela Platform in March 2023, a visual AI platform designed to improve manufacturing output. It offers valuable insights into production processes, identifies bottlenecks, and compares productivity across various shifts and locations. This platform is helping industrial engineers and line supervisors enhance operational efficiency.
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What Are the Emerging Geographies for The AI in Manufacturing Market Growth?
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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the AI in Manufacturing Market?
2. What is the CAGR expected in the AI in Manufacturing Market?
3. What Are the Key Innovations Transforming the AI in Manufacturing Industry?
4. Which Region Is Leading the AI in Manufacturing Market?
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