AI Agents in Engineering Management Market to Hit USD 10.4 Billion by 2034

Market Overview

The Global AI Agents in Engineering Management Market is projected to reach USD 10.4 billion by 2034, up from USD 1.8 billion in 2024, growing at a CAGR of 19.2% during the forecast period (2025-2034). In 2024, North America dominated the market, capturing over 35% of the global share with USD 0.6 billion in revenue.

Key Takeaways

• The market is driven by the need for real-time data analysis, predictive maintenance, and efficient resource allocation.
• North America leads with 35% market share, followed by the U.S., which is expected to grow from USD 0.6 billion in 2024 to USD 2.7 billion by 2034.
• Software solutions dominate the market, holding 64% share, while cloud-based deployment accounts for 76%.
• Large enterprises lead adoption with 61% share, leveraging AI for design & simulation assistance (24% share).
• Manufacturing & Industrial Engineering is the top end-user sector, representing 22% of the market.

Regional Insights

North America

In 2024, North America held 35% of the global market, driven by advanced technological infrastructure and early AI adoption. The U.S. alone is projected to grow at a CAGR of 16.4%, reaching USD 2.7 billion by 2034.

Market Segments

By Component

• Software (64% share): Includes autonomous planning agents, generative design agents, and predictive analytics agents.
• Services: Deployment & integration, custom AI training, and consulting.

By Deployment Mode