Industrial AI Market Reaches $43.6 Billion, Projected to Triple by 2030

The global industrial AI market was valued at $43.6 billion in 2024 and is expanding at a compound annual growth rate of 23%, according to a report by Valuates Reports. The market is expected to reach $153.9 billion by 2030, driven by the adoption of machine vision, predictive maintenance, and emerging generative AI applications in manufacturing.

Research from IoT Analytics shows that automated optical inspection remains the top industrial AI use case, accounting for about 11% of deployments, while all generative AI applications combined represent less than 5%. Manufacturers such as Renault and Georgia-Pacific have reported multimillion-dollar savings from predictive maintenance and quality inspection systems.

Major industrial AI suppliers include Accenture, Infosys, and Deloitte, with Accenture leading the market following its $3 billion investment in generative AI initiatives. On the user side, Toyota invested $10.6 billion in 2025 to integrate machine learning models and analytics for safety and productivity improvements.

Early experiments with agentic AI are emerging, with vendors like Siemens, Rockwell Automation, and ABB developing domain-specific copilots. These tools are designed to interpret engineering prompts and optimize factory operations in real time, signaling the next phase of industrial automation.