The AI in manufacturing market is expected to reach USD 84.5 billion by 2031 from an estimated USD 11.7 billion in 2024, at a CAGR of 32.6% during the forecast period (2024–2031). The growth of the AI in manufacturing market is driven by the rising adoption of Industry 4.0 and smart manufacturing, the growing need for predictive maintenance and quality control, and the increasing demand for automation and operational efficiency. However, a shortage of skilled workforce restrains the growth of this market.
Furthermore, the rising number of manufacturing operations in emerging economies and the increasing adoption of AI in supply chain management and logistics are expected to generate growth opportunities for the stakeholders in this market. However, data security and privacy concerns are some of the challenges impacting the growth of the AI in manufacturing market.
AI in Manufacturing Companies
International Business Machines Corporation
International Business Machines Corporation produces and sells system hardware and software and offers infrastructure, hosting, and consulting services. The company offers an AI-powered knowledge discovery system that uses generative AI to unlock new insights and accelerate data-driven decisions with contextualized industrial data. IBM provides AI solutions to help manufacturers accelerate and scale digital transformation. The company’s data fabric approach extends to the industrial edge and allows it to harness untapped data through several leading solutions such as the IBM watsonx platform, IBM Cloud Pak, and IBM Security QRadar SIEM.
The company operates through five business segments: Software, Consulting, Infrastructure, Financing, and Other. The company has a geographical presence across the Americas, Europe/Middle East/Africa, and Asia Pacific through its subsidiaries and strong distribution network.
Google LLC (A Subsidiary of Alphabet Inc.)
Google LLC is a technology company focusing on online advertising, search engine technology, cloud computing, computer software, quantum computing, e-commerce, consumer electronics, and artificial intelligence (AI). The company offers generative AI solutions for manufacturing to streamline operations. Google’s AI solutions help companies drive digital growth and personalized experiences, create new products, and drive R&D operations. The company’s Gen AI can help manufacturing companies create new opportunities through direct sales channels.
Google has a strong geographical presence across North America, Asia-Pacific, Europe, Latin America, the Middle East, and Africa through its subsidiaries and strong distribution network.
Intel Corporation designs and manufactures semiconductor chips and other technology solutions. The company offers a wide range of AI solutions for manufacturing. Intel offers AI and high-performance computing (HPC) solutions that help to connect IIoT devices and factories quickly and effectively process and analyze everything, resulting in improved efficiency and productivity. The company provides AI approaches that help engineers define the problem and estimate the resources required to solve it. Additionally, physics-based AI solutions enable engineers to project a solution design from a knowledge base of solutions. Intel offers AI in manufacturing solutions to accommodate varying requirements for performance, power, size, form factor, and cost.
The company operates through six business segments: Client Computing, Data Center and AI, Network and Edge, Mobileye, Intel Foundry Services, and All Other.
NVIDIA Corporation
NVIDIA Corporation designs and supplies graphics processing units (GPUs), and application programming interfaces (APIs) for data science and high-performance computing. The company offers AI solutions for manufacturing processes to enable new levels of collaboration and efficiency in product design, engineering, simulation, and prototyping. NVIDIA provides digital twins solutions that optimize design and operational flow in factories, warehouses, and distribution centers. The company provides NVIDIA Metropolis solutions to factories for factory automation AI workflows powered by vision AI. These workflows let industrial solution providers and manufacturers develop, deploy, and manage customized AI solutions that save cost, improve production throughput, and make factories safer. The company operates through two business segments: Compute & Networking and Graphics.
Microsoft Corporation develops computer software, operating systems, cloud computing, and artificial intelligence applications. The company offers a wide range of AI solutions for manufacturing that help accelerate innovation, optimize operations, and enhance customer experiences. Microsoft provides AI in manufacturing solutions that help manufacturers achieve agility, save costs, and increase resilience in supply chains. The company offers AI solutions that help to identify and prevent potential safety risks through AI deep learning models in manufacturing facilities. Microsoft’s AI solution for manufacturing helps to predict and prevent future risks and create a knowledge base to improve worker safety training.
The company operates through three business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing.
Oracle Corporation
Oracle Corporation is an integrated cloud application and platform service provider that sells a range of enterprise information technology solutions. The company offers smart manufacturing solutions for shop-floor data with manufacturing, maintenance, and planning business systems. The company offers artificial intelligence (AI) and machine learning (ML) to contextualize the information and provide actionable insights, enabling to prediction of machine failures to get ahead of maintenance, adjust production schedules, and avoid costly downtimes. Oracle offers the Oracle Fusion Cloud Manufacturing solution that helps to streamline global, mixed-mode manufacturing to power manufacturing facilities with an intelligent, optimized, and integrated solution by Artificial Intelligence (AI). The company operates through three business segments: Cloud and license, Hardware, and Services.
Cisco Systems, Inc. offers networking, security, collaboration, and cloud management solutions. The company also offers a wide range of AI solutions and hardware products for manufacturing. Cisco combines AI with its breadth of telemetry across the network, private and public cloud infrastructure, applications, the Internet, email, and endpoints. Through its subsidiaries and strong distribution network, Cisco has a geographical presence across the Americas, Europe, the Middle East, Africa, Asia Pacific, Japan, and China.
Rockwell Automation, Inc.
Rockwell Automation, Inc. provides industrial automation power, control, and information systems. The company offers a wide range of smart manufacturing solutions with the information and insights to optimize productivity, quality, risk management, and sustainability. Rockwell provides smart manufacturing to address manufacturing issues quickly and efficiently while reducing downtime and risks to workers, assets, and reputation. Smart manufacturing solutions include smart devices, machines, and systems. Additionally, the company offers cloud manufacturing solutions for the entire system lifecycle across design, operations, and maintenance.
The company operates through three business segments: Intelligent Devices, Software & Control, and Lifecycle Services.
Amazon Web Services, Inc. (A Subsidiary of Amazon.com, Inc.)
Amazon Web Services, Inc. offers cloud computing services. The company offers a wide range of AI solutions for manufacturing. AWS helps leading manufacturers transform their operations with the most advanced set of cloud solutions, such as machine learning (ML), IoT, robotics, and analytics. AWS provides machine learning technology-enabled solutions that quickly and easily transform data into insights that are used to proactively optimize industrial processes and supply chain operations, enable predictive maintenance to increase uptime, or monitor quality to ensure customer satisfaction.
Additionally, AWS cloud technologies help manufacturers digitally transform to reduce costs, speed time to market, optimize production, and meet sustainability objectives across five common solution areas: engineering and design, smart manufacturing, smart products and services, supply chain management, and sustainability. The company has a geographical presence across North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa through its subsidiaries and strong distribution network.
Siemens AG
Siemens AG offers power and energy solutions for building & driving technology, energy, healthcare, industrial automation, mobility, financing, consumer products, and services. The company manufactures market-specific solutions for various industries, such as aerospace, automotive manufacturing, chemical, crane, fiber, cement, food & beverage, marine, mining, oil and gas, and pharmaceutical. Siemens provides AI in manufacturing solutions to handle big data from machines and detect complex patterns. The company offers industrial AI solutions to supercharge digital and sustainability transformation with speed and scale.
The company operates through six business segments: Digital Industries, Smart Infrastructure, Mobility, Siemens Healthineers, Siemens Financial Services, and Portfolio Companies. Through its subsidiaries and strong distribution network, the company has a geographical presence across Europe, C.I.S., Africa, the Middle East, the Americas, Asia, and Australia.