The North America Embedded AI Market would witness market growth of 13.1% CAGR during the forecast period (2023-2030).
Chipset manufacturers invested in R&D to create more powerful and efficient CPUs, particularly for embedded AI applications. Such chipsets contained specialized hardware accelerators like GPUs and NPUs to boost the performance and power effectiveness of these systems. Numerous firms from the technology ecosystem were forming partnerships and collaborations as part of their attempts to draw on one another's knowledge and speed up the development and deployment of these solutions. As an example, IoT device makers collaborated with AI platform providers to enhance their product offerings, while hardware producers worked with AI software companies to provide integrated solutions.
Recent advances in artificial intelligence (AI), connectivity, edge computing, and sensors have sped up the incorporation of data analysis determined by embedded AI capabilities into resource-constrained, energy-efficient hardware devices for processing data at the network edge. By gathering data and meeting user needs without requiring constant contact with physical places, embedded AI also helps users to save expenses, communication, and processing time.
The introduction of AI and automation solutions is anticipated to transform the country's manufacturing sector's source of value creation, develop new business models, and provide value-added services like predictive maintenance and mass customization. In addition, the Canadian government stated in June 2019 that it will provide Hydro Ottawa a USD 5 million investment for Phase 2 of a smart grid project at an affordable housing complex in Ottawa. Users now have the flexibility to set up microgrids, enabling them to produce their own electricity. All of these factors are anticipated to lead to increased process automation adoption. The market will be able to expand due to the rise in process automation in the area.
The US market dominated the North America Embedded AI Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $5,965.4 million by 2030. The Canada market is experiencing a CAGR of 15.7% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 14.7% during (2023 - 2030).
Based on Vertical, the market is segmented into BFSI, Healthcare & Lifesciences, IT & Telecom, Automotive, Media & Entertainment, Energy & Power, Transportation & Logistics, Government & Defense, Manufacturing, and Others. Based on Data Type, the market is segmented into Numeric Data, Sensor Data, Image & Video Data, Categorical Data, and Others. Based on Offering, the market is segmented into Hardware (Processors, Memory Units, AI Accelerators, and Others), Software (Edge Computing Platforms, AI & ML Framework, and AI Middleware & Others), and Services. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Embedded AI Market is Projected to reach USD 22.4 Billion by 2030, at a CAGR of 13.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Google LLC (Alphabet Inc.), IBM Corporation, Microsoft Corporation, Amazon Web Services, Inc. (Amazon.com, Inc.), NVIDIA Corporation, Intel Corporation, Qualcomm, Inc., Salesforce, Inc., Siemens AG and Oracle Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Vertical
- BFSI
- Healthcare & Lifesciences
- IT & Telecom
- Automotive
- Media & Entertainment
- Energy & Power
- Transportation & Logistics
- Government & Defense
- Manufacturing
- Others
By Data Type
- Numeric Data
- Sensor Data
- Image & Video Data
- Categorical Data
- Others
By Offering
- Hardware
- Processors
- Memory Units
- AI Accelerators
- Others
- Software
- Edge Computing Platforms
- AI & ML Framework
- AI Middleware & Others
- Services
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Google LLC (Alphabet Inc.)
- IBM Corporation
- Microsoft Corporation
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- NVIDIA Corporation
- Intel Corporation
- Qualcomm, Inc.
- Salesforce, Inc.
- Siemens AG
- Oracle Corporation
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Embedded AI Market, by Vertical
1.4.2 North America Embedded AI Market, by Data Type
1.4.3 North America Embedded AI Market, by Offering
1.4.4 North America Embedded AI Market, by Country
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlight
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2021
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.4.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2020, Oct – 2023, Jul) Leading Players
4.5 Porter’s Five Forces Analysis
Chapter 5. North America Embedded AI Market by Vertical
5.1 North America BFSI Market by Country
5.2 North America Healthcare & Lifesciences Market by Country
5.3 North America IT & Telecom Market by Country
5.4 North America Automotive Market by Country
5.5 North America Media & Entertainment Market by Country
5.6 North America Energy & Power Market by Country
5.7 North America Transportation & Logistics Market by Country
5.8 North America Government & Defense Market by Country
5.9 North America Manufacturing Market by Country
5.1 North America Others Market by Country
Chapter 6. North America Embedded AI Market by Data Type
6.1 North America Numeric Data Market by Country
6.2 North America Sensor Data Market by Country
6.3 North America Image & Video Data Market by Country
6.4 North America Categorical Data Market by Country
6.5 North America Others Market by Country
Chapter 7. North America Embedded AI Market by Offering
7.1 North America Hardware Market by Country
7.2 North America Embedded AI Market by Hardware Type
7.2.1 North America Processors Market by Country
7.2.2 North America Memory Units Market by Country
7.2.3 North America AI Accelerators Market by Country
7.2.4 North America Others Market by Country
7.3 North America Software Market by Country
7.4 North America Embedded AI Market by Software Type
7.4.1 North America Edge Computing Platforms Market by Country
7.4.2 North America AI & ML Framework Market by Country
7.4.3 North America AI Middleware & Others Market by Country
7.5 North America Services Market by Country
Chapter 8. North America Embedded AI Market by Country
8.1 US Embedded AI Market
8.1.1 US Embedded AI Market by Vertical
8.1.2 US Embedded AI Market by Data Type
8.1.3 US Embedded AI Market by Offering
8.1.3.1 US Embedded AI Market by Hardware Type
8.1.3.2 US Embedded AI Market by Software Type
8.2 Canada Embedded AI Market
8.2.1 Canada Embedded AI Market by Vertical
8.2.2 Canada Embedded AI Market by Data Type
8.2.3 Canada Embedded AI Market by Offering
8.2.3.1 Canada Embedded AI Market by Hardware Type
8.2.3.2 Canada Embedded AI Market by Software Type
8.3 Mexico Embedded AI Market
8.3.1 Mexico Embedded AI Market by Vertical
8.3.2 Mexico Embedded AI Market by Data Type
8.3.3 Mexico Embedded AI Market by Offering
8.3.3.1 Mexico Embedded AI Market by Hardware Type
8.3.3.2 Mexico Embedded AI Market by Software Type
8.4 Rest of North America Embedded AI Market
8.4.1 Rest of North America Embedded AI Market by Vertical
8.4.2 Rest of North America Embedded AI Market by Data Type
8.4.3 Rest of North America Embedded AI Market by Offering
8.4.3.1 Rest of North America Embedded AI Market by Hardware Type
8.4.3.2 Rest of North America Embedded AI Market by Software Type
Chapter 9. Company Profiles
9.1 Google LLC (Alphabet Inc.)
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Acquisition and Mergers:
9.1.6 SWOT Analysis
9.2 IBM Corporation
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional & Segmental Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Acquisition and Mergers:
9.2.6 SWOT Analysis
9.3 Microsoft Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Acquisition and Mergers:
9.3.6 SWOT Analysis
9.4 Amazon Web Services, Inc. (Amazon.com, Inc.)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental Analysis
9.4.4 Recent strategies and developments:
9.4.4.1 Partnerships, Collaborations, and Agreements:
9.4.5 SWOT Analysis
9.5 NVIDIA Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Product Launches and Product Expansions:
9.5.6 SWOT Analysis
9.6 Intel Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.6 SWOT Analysis
9.7 Qualcomm, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.5.2 Product Launches and Product Expansions:
9.7.6 SWOT Analysis
9.9 Siemens AG
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expense
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.9.5.2 Acquisition and Mergers:
9.9.6 SWOT Analysis
9.10. Oracle Corporation
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
9.10.5 Recent strategies and developments:
9.10.5.1 Partnerships, Collaborations, and Agreements:
9.10.5.2 Acquisition and Mergers:
9.10.6 SWOT Analysis
TABLE 1 North America Embedded AI Market, 2019 - 2022, USD Million
TABLE 2 North America Embedded AI Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Embedded AI Market
TABLE 4 Product Launches And Product Expansions– Embedded AI Market
TABLE 5 Acquisition and Mergers– Embedded AI Market
TABLE 6 North America Embedded AI Market by Vertical, 2019 - 2022, USD Million
TABLE 7 North America Embedded AI Market by Vertical, 2023 - 2030, USD Million
TABLE 8 North America BFSI Market by Country, 2019 - 2022, USD Million
TABLE 9 North America BFSI Market by Country, 2023 - 2030, USD Million
TABLE 10 North America Healthcare & Lifesciences Market by Country, 2019 - 2022, USD Million
TABLE 11 North America Healthcare & Lifesciences Market by Country, 2023 - 2030, USD Million
TABLE 12 North America IT & Telecom Market by Country, 2019 - 2022, USD Million
TABLE 13 North America IT & Telecom Market by Country, 2023 - 2030, USD Million
TABLE 14 North America Automotive Market by Country, 2019 - 2022, USD Million
TABLE 15 North America Automotive Market by Country, 2023 - 2030, USD Million
TABLE 16 North America Media & Entertainment Market by Country, 2019 - 2022, USD Million
TABLE 17 North America Media & Entertainment Market by Country, 2023 - 2030, USD Million
TABLE 18 North America Energy & Power Market by Country, 2019 - 2022, USD Million
TABLE 19 North America Energy & Power Market by Country, 2023 - 2030, USD Million
TABLE 20 North America Transportation & Logistics Market by Country, 2019 - 2022, USD Million
TABLE 21 North America Transportation & Logistics Market by Country, 2023 - 2030, USD Million
TABLE 22 North America Government & Defense Market by Country, 2019 - 2022, USD Million
TABLE 23 North America Government & Defense Market by Country, 2023 - 2030, USD Million
TABLE 24 North America Manufacturing Market by Country, 2019 - 2022, USD Million
TABLE 25 North America Manufacturing Market by Country, 2023 - 2030, USD Million
TABLE 26 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 27 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 28 North America Embedded AI Market by Data Type, 2019 - 2022, USD Million
TABLE 29 North America Embedded AI Market by Data Type, 2023 - 2030, USD Million
TABLE 30 North America Numeric Data Market by Country, 2019 - 2022, USD Million
TABLE 31 North America Numeric Data Market by Country, 2023 - 2030, USD Million
TABLE 32 North America Sensor Data Market by Country, 2019 - 2022, USD Million
TABLE 33 North America Sensor Data Market by Country, 2023 - 2030, USD Million
TABLE 34 North America Image & Video Data Market by Country, 2019 - 2022, USD Million
TABLE 35 North America Image & Video Data Market by Country, 2023 - 2030, USD Million
TABLE 36 North America Categorical Data Market by Country, 2019 - 2022, USD Million
TABLE 37 North America Categorical Data Market by Country, 2023 - 2030, USD Million
TABLE 38 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 39 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 40 North America Embedded AI Market by Offering, 2019 - 2022, USD Million
TABLE 41 North America Embedded AI Market by Offering, 2023 - 2030, USD Million
TABLE 42 North America Hardware Market by Country, 2019 - 2022, USD Million
TABLE 43 North America Hardware Market by Country, 2023 - 2030, USD Million
TABLE 44 North America Embedded AI Market by Hardware Type, 2019 - 2022, USD Million
TABLE 45 North America Embedded AI Market by Hardware Type, 2023 - 2030, USD Million
TABLE 46 North America Processors Market by Country, 2019 - 2022, USD Million
TABLE 47 North America Processors Market by Country, 2023 - 2030, USD Million
TABLE 48 North America Memory Units Market by Country, 2019 - 2022, USD Million
TABLE 49 North America Memory Units Market by Country, 2023 - 2030, USD Million
TABLE 50 North America AI Accelerators Market by Country, 2019 - 2022, USD Million
TABLE 51 North America AI Accelerators Market by Country, 2023 - 2030, USD Million
TABLE 52 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 53 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 54 North America Software Market by Country, 2019 - 2022, USD Million
TABLE 55 North America Software Market by Country, 2023 - 2030, USD Million
TABLE 56 North America Embedded AI Market by Software Type, 2019 - 2022, USD Million
TABLE 57 North America Embedded AI Market by Software Type, 2023 - 2030, USD Million
TABLE 58 North America Edge Computing Platforms Market by Country, 2019 - 2022, USD Million
TABLE 59 North America Edge Computing Platforms Market by Country, 2023 - 2030, USD Million
TABLE 60 North America AI & ML Framework Market by Country, 2019 - 2022, USD Million
TABLE 61 North America AI & ML Framework Market by Country, 2023 - 2030, USD Million
TABLE 62 North America AI Middleware & Others Market by Country, 2019 - 2022, USD Million
TABLE 63 North America AI Middleware & Others Market by Country, 2023 - 2030, USD Million
TABLE 64 North America Services Market by Country, 2019 - 2022, USD Million
TABLE 65 North America Services Market by Country, 2023 - 2030, USD Million
TABLE 66 North America Embedded AI Market by Country, 2019 - 2022, USD Million
TABLE 67 North America Embedded AI Market by Country, 2023 - 2030, USD Million
TABLE 68 US Embedded AI Market, 2019 - 2022, USD Million
TABLE 69 US Embedded AI Market, 2023 - 2030, USD Million
TABLE 70 US Embedded AI Market by Vertical, 2019 - 2022, USD Million
TABLE 71 US Embedded AI Market by Vertical, 2023 - 2030, USD Million
TABLE 72 US Embedded AI Market by Data Type, 2019 - 2022, USD Million
TABLE 73 US Embedded AI Market by Data Type, 2023 - 2030, USD Million
TABLE 74 US Embedded AI Market by Offering, 2019 - 2022, USD Million
TABLE 75 US Embedded AI Market by Offering, 2023 - 2030, USD Million
TABLE 76 US Embedded AI Market by Hardware Type, 2019 - 2022, USD Million
TABLE 77 US Embedded AI Market by Hardware Type, 2023 - 2030, USD Million
TABLE 78 US Embedded AI Market by Software Type, 2019 - 2022, USD Million
TABLE 79 US Embedded AI Market by Software Type, 2023 - 2030, USD Million
TABLE 80 Canada Embedded AI Market, 2019 - 2022, USD Million
TABLE 81 Canada Embedded AI Market, 2023 - 2030, USD Million
TABLE 82 Canada Embedded AI Market by Vertical, 2019 - 2022, USD Million
TABLE 83 Canada Embedded AI Market by Vertical, 2023 - 2030, USD Million
TABLE 84 Canada Embedded AI Market by Data Type, 2019 - 2022, USD Million
TABLE 85 Canada Embedded AI Market by Data Type, 2023 - 2030, USD Million
TABLE 86 Canada Embedded AI Market by Offering, 2019 - 2022, USD Million
TABLE 87 Canada Embedded AI Market by Offering, 2023 - 2030, USD Million
TABLE 88 Canada Embedded AI Market by Hardware Type, 2019 - 2022, USD Million
TABLE 89 Canada Embedded AI Market by Hardware Type, 2023 - 2030, USD Million
TABLE 90 Canada Embedded AI Market by Software Type, 2019 - 2022, USD Million
TABLE 91 Canada Embedded AI Market by Software Type, 2023 - 2030, USD Million
TABLE 92 Mexico Embedded AI Market, 2019 - 2022, USD Million
TABLE 93 Mexico Embedded AI Market, 2023 - 2030, USD Million
TABLE 94 Mexico Embedded AI Market by Vertical, 2019 - 2022, USD Million
TABLE 95 Mexico Embedded AI Market by Vertical, 2023 - 2030, USD Million
TABLE 96 Mexico Embedded AI Market by Data Type, 2019 - 2022, USD Million
TABLE 97 Mexico Embedded AI Market by Data Type, 2023 - 2030, USD Million
TABLE 98 Mexico Embedded AI Market by Offering, 2019 - 2022, USD Million
TABLE 99 Mexico Embedded AI Market by Offering, 2023 - 2030, USD Million
TABLE 100 Mexico Embedded AI Market by Hardware Type, 2019 - 2022, USD Million
TABLE 101 Mexico Embedded AI Market by Hardware Type, 2023 - 2030, USD Million
TABLE 102 Mexico Embedded AI Market by Software Type, 2019 - 2022, USD Million
TABLE 103 Mexico Embedded AI Market by Software Type, 2023 - 2030, USD Million
TABLE 104 Rest of North America Embedded AI Market, 2019 - 2022, USD Million
TABLE 105 Rest of North America Embedded AI Market, 2023 - 2030, USD Million
TABLE 106 Rest of North America Embedded AI Market by Vertical, 2019 - 2022, USD Million
TABLE 107 Rest of North America Embedded AI Market by Vertical, 2023 - 2030, USD Million
TABLE 108 Rest of North America Embedded AI Market by Data Type, 2019 - 2022, USD Million
TABLE 109 Rest of North America Embedded AI Market by Data Type, 2023 - 2030, USD Million
TABLE 110 Rest of North America Embedded AI Market by Offering, 2019 - 2022, USD Million
TABLE 111 Rest of North America Embedded AI Market by Offering, 2023 - 2030, USD Million
TABLE 112 Rest of North America Embedded AI Market by Hardware Type, 2019 - 2022, USD Million
TABLE 113 Rest of North America Embedded AI Market by Hardware Type, 2023 - 2030, USD Million
TABLE 114 Rest of North America Embedded AI Market by Software Type, 2019 - 2022, USD Million
TABLE 115 Rest of North America Embedded AI Market by Software Type, 2023 - 2030, USD Million
TABLE 116 Key Information – Google LLC
TABLE 117 Key information – IBM Corporation
TABLE 118 key information – Microsoft Corporation
TABLE 119 Key Information – Amazon Web Services, Inc.
TABLE 120 Key Information – NVIDIA Corporation
TABLE 121 Key Information – Intel Corporation
TABLE 122 Key Information – Qualcomm, Inc.
TABLE 124 Key Information – Siemens AG
TABLE 125 Key Information – Oracle Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Embedded AI Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Embedded AI Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2021
FIG 6 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 7 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2020, Oct – 2023, Jul) Leading Players
FIG 8 Porter’s Five Forces Analysis - Embedded AI Market
FIG 9 North America Embedded AI Market share by Vertical, 2022
FIG 10 North America Embedded AI Market share by Vertical, 2030
FIG 11 North America Embedded AI Market by Vertical, 2019 - 2030, USD Million
FIG 12 North America Embedded AI Market share by Data Type, 2022
FIG 13 North America Embedded AI Market share by Data Type, 2030
FIG 14 North America Embedded AI Market by Data Type, 2019 - 2030, USD Million
FIG 15 North America Embedded AI Market share by Offering, 2022
FIG 16 North America Embedded AI Market share by Offering, 2030
FIG 17 North America Embedded AI Market by Offering, 2019 - 2030, USD Million
FIG 18 North America Embedded AI Market share by Country, 2022
FIG 19 North America Embedded AI Market share by Country, 2030
FIG 20 North America Embedded AI Market by Country, 2019 - 2030, USD Million
FIG 21 Recent strategies and developments: Google LLC
FIG 22 SWOT Analysis: Alphabet Inc. (Google LLC)
FIG 23 Recent strategies and developments: IBM Corporation
FIG 24 Swot Analysis: IBM Corporation
FIG 25 Recent strategies and developments: Microsoft Corporation
FIG 26 SWOT Analysis: Microsoft Corporation
FIG 27 SWOT analysis: Amazon.com, Inc.
FIG 28 Recent strategies and developments: NVIDIA Corporation
FIG 29 SWOT Analysis: NVIDIA Corporation
FIG 30 SWOT Analysis: Intel corporation
FIG 31 Recent strategies and developments: Qualcomm, Inc.
FIG 32 SWOT Analysis: Qualcomm, Inc.
FIG 33 SWOT Analysis: Salesforce.com, Inc.
FIG 34 Swot analysis: Siemens AG
FIG 35 Recent strategies and developments: Oracle Corporation
FIG 36 SWOT analysis: Oracle Corporation