NEW YORK—Generative AI has been taking the world by storm. The technology also promises to transform manufacturing. According to ABI Research, revenue added from the use of generative AI in manufacturing will reach $10.5 billion by 2033.
“Generative AI growth will derive from functionality and use cases across market verticals,” says James Iversen, manufacturing and industrial industry analyst at ABI Research. “Deployment will come in three waves as the technology matures, with manufacturing seeing the largest revenue growth during the second and third waves. [That’s when] generative AI will be deployed in four domains of manufacturing: design, engineering, production and operations.”