AI in Manufacturing Market Analysis of Market Size, Share & Trends till 2021 and Forecasts To 2031

AI in Manufacturing to surpass USD 42.5 billion by 2031 from USD 1.7 billion in 2021 at a CAGR of 37.6% in the coming years, i.e., 2021-31. Artificial Intelligence technology is widely being adopted in manufacturing industries to analyze complex sets of data, changes in consumer behavior, and demand for detecting anomalies and improving supply chains and distribution networks. Further, AI can improve decision making by using advanced software to gain more insights and visibility in the operation process, which is driving the market growth of AI in Manufacturing. Based on Offering, the AI in Manufacturing Market is divided into Hardware, Software, and Services, of which the Software segment is expected to lead. Specific programs can be run by software alone without the need for additional hardware.