Artificial Intelligence in the Manufacturing market is estimated to reach USD 20.8 billion by 2028
The manufacturing sector is undergoing a profound transformation, driven by the integration of Artificial Intelligence (AI) technologies . AI in manufacturing is revolutionizing how products are designed, produced, and maintained, leading to significant improvements in efficiency, quality, and flexibility. This transformation is set to propel the market for AI in manufacturing from an estimated USD 3.2 billion in 2023 to an anticipated USD 20.8 billion by 2028, reflecting a remarkable compound annual growth rate (CAGR). Enhancing Operational Efficiency One of the primary advantages of AI in manufacturing is the enhancement of operational efficiency. AI-driven systems can analyze vast amounts of data from various stages of the production process to identify patterns and anomalies. This enables predictive maintenance, where potential equipment failures are identified before they occur, reducing downtime and maintenance costs. For example, AI algorithms can predict when a machine componen...