Global Artificial Intelligence in Manufacturing Market was valued at US $ 17.5 Billion in 2022 and is expected to reach US $267.3 Billion by 2030 growing at a CAGR of 40.6% during the forecast period 2023 – 2030.
In the realm of supply chain management, AI is playing a pivotal role in optimizing logistics and inventory control. Predictive analytics, powered by AI algorithms, enable manufacturers to forecast demand more accurately, leading to improved inventory management and reduced wastage. This, in turn, contributes to a more sustainable and cost-effective supply chain.
The implementation of AI-driven technologies is not only limited to the shop floor but extends to the design and prototyping stages as well. Computer-aided design (CAD) tools enhanced by AI capabilities empower engineers to create more sophisticated and innovative product designs.
