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AI in manufacturing industry to reach INR 12.59 billion by 2028

The market size of artificial intelligence (AI) in manufacturing in India is projected to reach INR 12.59 billion by 2028, growing at a compound annual rate of 58.96% from 2023 to 2028, according to Research And Markets.

Evolving customer preferences, new distribution models, geopolitical changes, supply chain disruptions, and ESG regulations are creating opportunities for the manufacturing sector to innovate and reshape existing business models.

In recent years, the manufacturing sector has undergone substantial evolution, emerging as one of the fastest-growing industries. The advent of the fourth industrial revolution, Industry 4.0, driven by cyber-physical systems, big data analytics, IIoT, cloud computing infrastructure, AI, and 3D printing, has revolutionized manufacturing.

AI adoption in manufacturing encompasses factory automation, quality monitoring, equipment failure prediction, order management, delivery management, and demand forecasting. Research And Markets

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