The market for embedded intelligence worldwide is anticipated to grow at a CAGR of 13.0% from 2022 to 2032, reaching a market value of US$ 86,215.9 million, up from US$ 25,405.8 million in 2022.
The demand for embedded intelligence is driven by two technological developments: artificial intelligence and embedded software. Embedded intelligent systems have recently developed into a significant potential for technology suppliers, system vendors, and service providers due to the quick shift to more intelligent systems in the traditional embedded systems industry.
Currently, embedded intelligent systems are enabling new advancements, displacing incumbents throughout the supply chain, and creating new value throughout the highly fragmented ICT market.
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What is the Competitive Analysis of the Embedded Intelligence Market?
The market is extremely competitive due to the presence of a large number of participants. While major worldwide players like
- Advantech,
- Enea,
- Renesas,
- STMicroelectronics,
- Express Logic,
- Green Hills Software, and
- Intel Corporation
control a sizable portion of the market, other regional-level firms, particularly those in North America, are also active in important growth regions.
Major companies in the market for embedded intelligent systems are making considerable investments in the creation of systems that feature cutting-edge technology and superior functionality. Strategic partnerships and collaborations with regional vendors are a key techniques used by the top market vendors to increase their market presence across the globe.
Embedded Intelligence Market: Drivers and Restraints
Growing inclination towards the intelligent machine with self-reflection capabilities is the key driver for the embedded intelligence market during the forecast period. Further, the demand for a fast, efficient, and accurate system with artificial thinking abilities to reduce human intervention is the other crucial factor propelling the growth of the industry.
On the other hand, advancement in embedded intelligence may eliminate many jobs from industries, but is anticipated to create more skilled and expertized job opportunities in the future, so the lack of domain expertise and job reduction are coupled together to hinder the growth of the market in forthcoming years.
Global Embedded Intelligence Market: Regional Trend
The massive advancement of technology in developing economies such as North America and Europe are expected to drive the embedded intelligence market over the forecast period. Further continuous innovation and development in the artificial intelligence market is another growth driver of the industry in the respective region.
Growing inclination towards the development of IT industries and infrastructures in emerging economies such as India and China is projected to propel the embedded intelligence market in recent years. Also, the availability of cheap and skilled human resources is another key driver piloting the growth of the industry in the Asia Pacific region.
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Key Segments
By Solution:
- Embedded Intelligence Software
- Embedded Intelligence Services
By End User:
- OEM
- Semiconductor Manufactures
- Enterprise Hardware Manufacturers
By Services:
- Platform Engineering Intelligence
- System Integration Intelligence
- Protocol Engineering Intelligence
- Application Development
- Porting and Sustenance Intelligence
- Embedded Testing Intelligence
By Application:
- Home Infotainment
- In-Vehicle Infotainment
- Navigation and Building Automation
- Video Surveillance
- Switches and Routers
- Data Center Solutions
- Automobile Sector
By Region:
- North America
- Latin America
- The Asia Pacific
- Middle East and Africa
- Europe
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
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About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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