What is AI in Manufacturing?

AI in Manufacturing refers to the use of artificial intelligence (AI) technologies such as machine learning, computer vision, and natural language processing to automate and optimize manufacturing processes, improve product quality, and enhance operational efficiency.

How big is AI in Manufacturing Industry?

The Global AI in Manufacturing Market size is expected to be worth around USD 156.1 Billion by 2033, from USD 3.8 Billion in 2023, growing at a CAGR of 45% during the forecast period from 2024 to 2033.

What are the Key Applications of AI in Manufacturing?

AI is used in manufacturing for predictive maintenance, quality control, supply chain optimization, demand forecasting, and process automation.

What are the Key Drivers of the AI in Manufacturing Market?

The key drivers include the increasing adoption of Industry 4.0 technologies, the need for operational efficiency and cost reduction, and the growing demand for smart manufacturing solutions.

What are the Challenges in Implementing AI in Manufacturing?

Challenges include data integration and interoperability, the need for skilled AI talent, the complexity of AI algorithms, and the potential for job displacement.

Who are the global artificial intelligence in manufacturing market winners?

The major players operating in the artificial intelligence (AI) in manufacturing market are IBM Corporation, Microsoft Corporation, Oracle Corporation, Google LLC, Siemens AG, NVIDIA Corporation, General Electric Company, Intel Corporation, Amazon Web Services Inc., ABB Ltd., SAP SE, Cisco Systems, Inc., Rockwell Automation Inc., Other Key Players

Which region will lead the global artificial intelligence (AI) in manufacturing market?

In 2023, North America held a dominant market position in the AI in Manufacturing market, capturing more than a 35.1% share.

Global AI in Manufacturing Market By Component (Software, Hardware, Services), By Technology (Machine Learning, Computer Vision, Natural Language Processing (NLP), Other Technologies), By Application (Process Optimization, Production Planning, Predictive Maintenance, Quality Control and Inspection, Supply Chain Management, Other Applications), By End-Use Industry (Automotive, Food & Beverage , Electronics & Semiconductor, Chemicals, Pharmaceuticals, Metal & Heavy Machinery, Other End-Use Industries), By Region And Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends And Forecast 2024-2033

Published date: Feb. 2024
Report ID: 115453
Number of Pages: 279
Format:

- IBM Corporation
- Microsoft Corporation Company Profile
- Oracle Corporation
- Google LLC
- Siemens AG
- NVIDIA Corporation
- General Electric Company
- Intel Corporation
- Amazon Web Services, Inc.
- ABB Ltd.
- SAP SE Company Profile
- Cisco Systems, Inc.
- Rockwell Automation, Inc.
- Other Key Players