Grand View Research projects the global AI in manufacturing market to reach USD 47.88 billion by 2030, driven by the convergence of big data analytics, industrial IoT platforms, and automation technologies enhancing quality control and predictive maintenance workflows.
Key points
- Market projected to reach USD 47.88 billion by 2030 at a 46.5% CAGR.
- Hardware segment holds 41.6% 2024 share led by specialized AI chips.
- Industrial IoT and automation technologies underpin growth across regions.
- AI-based computer vision enhances on-line quality control and defect detection.
- EU’s €20 billion annual AI funding accelerates smart factory initiatives.
Q&A
- What is CAGR?
- How does industrial IoT drive AI adoption?
- Why is computer vision important in factories?
- What factors influence the hardware segment’s dominance?