About Embedded AI Computing Platform
An embedded computer platform or system is a set of hardware and software that is designed to execute a certain purpose in a machine or electronic device. Any embedded computer system's hardware and software are two distinct pieces that are triggered by a set of commands called a programme to conduct an operation as a stand-alone system. The essential components used to run an embedded computing system include microcontrollers (MCUs), microprocessors (MPUs), or other custom-developed chips, as well as accompanying software in ROM (Read Only Memory). They have high speed, low power consumption, accuracy, adaptability, reusability, reliability, and size, among other qualities. Embedded computing systems are widely employed in a wide range of applications, including home automation, office automation, banking and financial institutions, security, automobile, defence, personal, and healthcare, among others. The industry for embedded computing has been fueled by rising consumer electronics acceptance and artificial intelligence usage. Growing digitization in healthcare and industrial automation, as well as increased demand in the automotive, defence, and other industries, are all aspects influencing the global embedded computing market.
Attributes | Details |
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Study Period | 2019-2029 |
Base Year | 2023 |
Unit | Value (USD Million) |
The Embedded AI Computing Platform market is poised for significant growth in the coming years. Understanding the competitive landscape, key players, and emerging trends can help businesses choose the right platform for their specific needs and leverage the power of AI at the edge to gain a competitive advantage. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Embedded AI Computing Platform market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Aaeon (Taiwan), IBM (United States), Synaptics (United States), Atmel Corporation(United States), Microchip Technology, Inc.(United States), Intel Corporation(United States), Renesas Electronics Corporation (Japan), Fujitsu Limited (Japan), ARM Holdings plc. (United Kingdom) and Microsoft Corporation(United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Horizon Robotics (China), Kneron Inc. (United States) and DeepBrainz AI (India).
Segmentation Overview
AMA Research has segmented the market of Global Embedded AI Computing Platform market by Type (Hardware and Software) and Region.
On the basis of geography, the market of Embedded AI Computing Platform has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Singapore, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Rest of Europe), MEA (Saudi Arabia, Turkey, Israel, United Arab Emirates, South Africa, Rest of Africa), North America (United States, Canada, Mexico). If we see Market by End-User Industry, the sub-segment i.e. Automotive will boost the Embedded AI Computing Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization Size, the sub-segment i.e. SMEs will boost the Embedded AI Computing Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Uptake of Artificial Intelligence and Emergence of the 5G network
Market Growth Drivers:
Increasing Penetration of Consumer Electronics, The healthcare Sector Uses Embedded Computing Technology to a Great Extent Owing to Its High Reliability and Increased Automation of Processes
Challenges:
Limitations in Deployment of Solutions in Existing Systems Operating under Harsh Environment
Restraints:
Difficulties in Design and Configuration and Data Privacy and Security Concerns
Opportunities:
Potential growth in developing economies and Evolution in Internet of things (IoT)
Market Leaders and their expansionary development strategies
In October 2023, Renesas Electronics and Arm collaborated on the RZ/V3L microcontrollers with AI capabilities for motor control and industrial automation. The collaboration between Renesas Electronics and Arm on the RZ/V3L microcontrollers marks a significant step forward in bringing AI to the forefront of industrial automation and motor control. These innovative microcontrollers hold immense potential for improving efficiency, reliability, and productivity in various industrial sectors.
In December 2023, Lattice Semiconductor launched the iCE40 UltraPlus FPGA with AI acceleration for low-power edge devices. The iCE40 UltraPlus FPGA from Lattice Semiconductor is a significant innovation in enabling low-power AI at the edge. By offering affordable, accessible, and energy-efficient AI acceleration, this FPGA holds immense potential for driving the development of smarter, more responsive, and autonomous edge devices across various industries.
Key Target Audience
Service Providers, Network Providers, Telecommunication Industry, End-User and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.