Research: Generative AI will help manufacturers unlock $10.5 billion in added revenue by 2033

Sept. 1, 2023
New intelligence from ABI Research claims that manufacturers that invest in generative AI will see additional revenues of $4.4 billion from 2026 to 2029. By 2033.

New intelligence from ABI Research claims that manufacturers that invest in generative AI will see additional revenues of $4.4 billion from 2026 to 2029. By 2033, ABI Research believes that $10.5 billion in added revenue will be attributed to the use of generative AI. These findings come from ABI Research’s Generative AI Use Cases in Manufacturing report, which is part of the Industrial and Manufacturing Technologies research service. The organization says that design will see the fastest mainstream deployment, with engineering, production, and operations taking longer because of the complex tasks and required model training.

In a recent quote, James Iversen, Manufacturing and Industrial Industry Analyst at ABI Research, said, “Generative AI has growth that will derive from functionality and use cases across market verticals. The deployment of generative AI will come in three waves as the technology matures, with manufacturing seeing the largest revenue growth during the second and third waves. During the second and third waves of adoption, generative AI will be deployed into four domains of manufacturing: design, engineering, production, and operations.”

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