Embedded AI Market Report: Trends, Forecast and Competitive Analysis to 2030

Embedded AI Trends and Forecast

The future of the global embedded AI market looks promising with opportunities in the consumer electronics, industrial, automotive & transportation, ICT (information and communications technology), and aerospace & defense markets. The global embedded AI market is expected to reach an estimated $20.9 billion by 2030 with a CAGR of 12.6% from 2024 to 2030. The major drivers for this market are increasing demand for intelligent devices, rising proliferation of the internet of things (IOT), and growing need for edge computing.

A more than 150-page report is developed to help in your business decisions.

Embedded AI by Segment

The study includes a forecast for the global embedded AI by offering, data type, vertical, and region.

Embedded AI Market by Offering [Shipment Analysis by Value from 2018 to 2030]:

• Hardware
• Software
• Services

Embedded AI Market by Data Type [Shipment Analysis by Value from 2018 to 2030]:

• Numerical Data
• Categorical Data
• Image & Video Data

Embedded AI Market by Vertical [Shipment Analysis by Value from 2018 to 2030]:

• Automotive
• Manufacturing
• Healthcare & Life Sciences
• Telecom

Embedded AI Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Embedded AI Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies embedded AI companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the embedded AI companies profiled in this report include-

• Google
• IBM
• Microsoft
• AWS
• Nvidia
• Intel
• Qualcomm
• ARM
• AMD
• Mediatek

Embedded AI Market Insights

Lucintel forecasts that numeric data is expected to witness highest growth over the forecast period as it is easy to store and process and it can be used in a wide range of embedded AI applications.

Within this market, manufacturing will remain the largest segment.

North America will remain the largest region over the forecast period due to the strong presence of technology companies, availability of funding and increasing adoption of intelligent edge devices in the region.

Features of the Global Embedded AI Market

Market Size Estimates: Embedded AI market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Embedded AI market size by offering, data type, vertical, and region in terms of value ($B).

Regional Analysis: Embedded AI market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different offerings, data types, verticals, and regions for the embedded AI market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the embedded AI market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the embedded AI market size?

Answer: The global embedded AI market is expected to reach an estimated $20.9 billion by 2030.

Q.2 What is the growth forecast for embedded AI market?

Answer: The global embedded AI market is expected to grow with a CAGR of 12.6% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the embedded AI market?

Answer: The major drivers for this market are increasing demand for intelligent devices, rising proliferation of the internet of things (IOT), and growing need for edge computing.

Q4. What are the major segments for embedded AI market?

Answer: The future of the global embedded AI market looks promising with opportunities in the consumer electronics, industrial, automotive & transportation, ICT (information and communications technology), and aerospace & defense markets.

Q5. Who are the key embedded AI market companies?

Answer: Some of the key embedded AI companies are as follows:

• Google
• IBM
• Microsoft
• AWS
• Nvidia
• Intel
• Qualcomm
• ARM
• AMD
• Mediatek

Q6. Which embedded AI market segment will be the largest in future?

Answer: Lucintel forecasts that numeric data is expected to witness highest growth over the forecast period as it is easy to store and process and it can be used in a wide range of embedded AI applications.

Q7. In embedded AI market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to the strong presence of technology companies, availability of funding and increasing adoption of intelligent edge devices in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the embedded AI market by offering (hardware, software, and services), data type (numerical data, categorical data, and image & video data), vertical (automotive, manufacturing, healthcare & life sciences, and telecom), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?