PUBLISHER: Grand View Research | PRODUCT CODE: 1575160
PUBLISHER: Grand View Research | PRODUCT CODE: 1575160
The global embedded AI market size was estimated at USD 8.79 billion in 2023 and is estimated to reach USD 21.93 billion by 2030, registering a CAGR of 14.0% from 2024 to 2030. The increasing demand for more powerful and energy-efficient processors is driven by the need to effectively manage complex AI algorithms and integrate with Image & Video Data-based AI services, enhancing scalability and providing users with opportunities to utilize embedded AI solutions. In addition, the rising need for intelligent and autonomous systems that offer personalized experiences and the expansion of connected devices and IoT ecosystems for improved communication will further stimulate global market growth.
The growing demand for advanced technologies that deliver personalized and adaptive experiences drives market acceptance. The push for personalized interactions has led to incorporating AI capabilities into several embedded systems. By utilizing embedded AI, devices and applications can analyze user data, preferences, and behaviors to offer customized recommendations, suggestions, and responses, thereby boosting user satisfaction and engagement. Moreover, embedded AI solutions can facilitate autonomous behavior in devices and systems, minimizing the need for continuous user input. This is especially valuable in areas like autonomous vehicles, smart home automation, and industrial automation, where AI algorithms can support intelligent decision-making and automated actions.
Global Embedded AI Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global embedded AI market report based on offering, data type, vertical, and region.