Embedded AI market is anticipated to grow at a considerable CAGR of 9.6% during the forecast period (2023-2030). Embedded AI is a general-purpose framework system for AI functions. It is built into network devices and provides common model management, data obtaining, and data preprocessing functions for AI algorithms. The growing demand for embedded AI in end-user industries is a key factor driving the growth of the global embedded AI market. This is due to the fact that an increase in the adoption of Embedded AI can potentially improve medical diagnosis and treatment in the healthcare sector. Embedded AI can improve factory automation in the manufacturing industry. In addition, embedded AI can radically improve the capabilities of home automation systems and smart wearables. To meet the growing demand from end-user industry, key players are making new product launches. For instance, in March 2022, NVIDIA Corp. launched Clara Holoscan MGX, a platform for the medical device industry to develop and deploy real-time AI applications at the edge, specifically designed to meet required regulatory standards. Clara Holoscan MGX Medical-Grade Platform With NVIDIA Orin and NVIDIA AI Software Stack Powers Systems Built by Embedded-Computing Leaders.
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The global embedded AI market is segmented on the offering, data type, and verticals. Basedon theoffering, the market is sub-segmented intohardware, software, and services. Based on the data type, the market is sub-segmented into numerical data, categorical data, and image & video data. Further, on the basis of verticals, the market is sub-segmented into BFSI, healthcare & life sciences, IT and telecom, automotive, media & entertainment, energy & power, transportation & logistics, government & defense, manufacturing, and others. Among the offerings, the software sub-segment is anticipated to hold a considerable share of the market owing to the specialized software tools and frameworks required to develop embedded AI applications.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Embedded AI Market Report Segment
By Offering
- Hardware
- Software
- Services
By Data Type
- Numerical Data
- Categorical Data
- Image & Video Data
By Vertical
- BFSI
- Healthcare & Lifesciences
- IT & Telecom
- Automotive
- Media & Entertainment
- Energy & Power
- Transportation & Logistics
- Government & Defense
- Manufacturing
- Others
Global Embedded AI Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Embedded AI market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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