Europe Embedded Ai Market Size & Outlook, 2023-2030

The embedded ai market in Europe is expected to reach a projected revenue of US$ 5,219.4 million by 2030. A compound annual growth rate of 13.9% is expected of Europe embedded ai market from 2024 to 2030.
Revenue, 2023 (US$M)
$2,096.3
Forecast, 2030 (US$M)
$5,219.4
CAGR, 2024 - 2030
13.9%
Report Coverage
Europe

Europe embedded ai market, 2018-2030 (US$M)

Europe
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Europe embedded ai market highlights

  • The Europe embedded ai market generated a revenue of USD 2,096.3 million in 2023.
  • The market is expected to grow at a CAGR of 13.9% from 2024 to 2030.
  • In terms of segment, hardware was the largest revenue generating offering in 2023.
  • Hardware is the most lucrative offering segment registering the fastest growth during the forecast period.


Europe data book summary

Market revenue in 2023USD 2,096.3 million
Market revenue in 2030USD 5,219.4 million
Growth rate13.9% (CAGR from 2023 to 2030)
Largest segmentHardware
Fastest growing segmentHardware
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHardware
Key market players worldwideAlphabet Inc Class A, International Business Machines Corp, Intel Corp, Microsoft Corp, NVIDIA Corp, Oracle Corp, Qualcomm Inc, Salesforce Inc, Siemens AG


Other key industry trends

  • In terms of revenue, Europe region accounted for 23.9% of the global embedded ai market in 2023.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 6,798.4 million by 2030.

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Embedded AI Market Scope

Embedded ai market segmentation & scope
Software
Services
Data Type
Sensor Data
Image and Video Data
Numeric Data
Categorial Data
Others
Vertical
Healthcare
BFSI
IT & ITES
Retail
Media & Entertainment
Automotive
Telecom
Manufacturing
Others
Countries
U.S.
Canada
Mexico
UK
Germany
France
Brazil
Australia
China
India
Japan
South Korea
UAE
South Africa
Saudi Arabia

Embedded AI Market Companies

Name Profile # Employees HQ Website

Europe embedded ai market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to embedded ai market will help companies and investors design strategic landscapes.


Hardware was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Europe embedded ai market based on hardware covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of Europe embedded ai market databook

  • Our clientele includes a mix of embedded ai market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of continent-level data and insights on the Europe embedded ai market , including forecasts for subscribers. This continent databook contains high-level insights into Europe embedded ai market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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