GITNUX MARKETDATA REPORT 2024

Ai In The Engineering Industry Statistics

AI in the engineering industry is expected to optimize processes, reduce costs, and enhance decision-making through the analysis of vast amounts of data.

Statistic 1

"By 2025, industries such as engineering are projected to spend $310B on AI systems, a significant increase from $37.5B in 2019,"

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Statistic 2

"65% of business leaders in the engineering industry believe artificial intelligence capability would bring business advantage,"

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Statistic 3

"Predictive maintenance, enabled by AI can save industrial companies an average of 20% in costs,"

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Statistic 4

"76% of engineering companies agree that embracing AI will be essential for success,"

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Statistic 5

"Artificial intelligence (AI) spending in the United States for process automation alone is forecast to reach 4.6 billion U.S. dollars in 2021,"

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Statistic 6

"In a recent survey, 44% of engineering industry leaders stated that they are in the advanced stages of implementing AI in their operations,"

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Statistic 7

"By 2025, the global AI in construction market is expected to reach $4.51 billion,"

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Statistic 8

"AI can help reduce engineering project planning costs by up to 70%,"

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Statistic 9

"It's estimated that by 2030, 30% of the global market will be accounted for by AI-enabled civil engineering technologies,"

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Statistic 10

"According to surveys conducted, in the engineering industry, up to 45% of current tasks could be automated using existing technology,"

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Statistic 11

"More than half (56%) of engineering firms currently using AI report a boost in productivity and efficiency,"

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Statistic 12

"The Industrial AI Market is projected to grow from USD 14.9 billion in 2021 to USD 26.2 billion by 2026; it is expected to grow at a CAGR of 12%,"

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Statistic 13

"By 2024, at least 50% of enterprise applications in production will be AI-enabled,"

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Statistic 14

"By 2024, the amalgamation of AI in the field of 3D printing for construction and engineering is expected to generate around $40 million,"

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Statistic 15

"In construction, AI-powered bots are estimated to be able to perform about 20% of total work, including tasks such as bricklaying and pouring concrete,"

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Statistic 16

"60% of engineering firms plan to increase their investment in AI technologies in the next three years,"

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