The Edge Artificial Intelligence Chips Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Edge Artificial Intelligence Chips Global Market Report 2024, The edge artificial intelligence chips market size has grown rapidly in recent years. It will grow from $5.04 billion in 2023 to $5.99 billion in 2024 at a compound annual growth rate (CAGR) of 18.7%. The growth in the historic period can be attributed to applications in medical fields, growing interest and adoption of virtual and augmented reality, popularity of interactive and immersive gaming experiences, advancements in robotics, industrial applications and automation.
The edge artificial intelligence chips market size is expected to see rapid growth in the next few years. It will grow to $11.68 billion in 2028 at a compound annual growth rate (CAGR) of 18.2%. The growth in the forecast period can be attributed to emergence of 5g technology, miniaturization of tracking devices, wider adoption in navigation systems, demand for 3d positioning, increasing adoption of wearables. Major trends in the forecast period include growth of minimally invasive surgical procedures, expansion in oncology applications, adoption in orthopedic surgery, integration with augmented reality and navigation systems, development of portable and wireless tracking systems.
The rise in the volume of data generated through social media and e-commerce platforms is expected to propel the growth of the edge artificial intelligence chips market going forward. The term volume of data in the context of social media and e-commerce platforms refers to the sheer amount or quantity of digital information generated, processed and stored within these platforms. The use of edge AI chips in conjunction with the substantial volume of data from social media and e-commerce platforms enables faster, more personalized, and more secure experiences for users while optimizing platform operations in real time. For instance, in February 2023, according to Forbes, a US-based business magazine, by 2026, 24% of retail purchases are expected to take place online and the e-commerce market is expected to total over $8.1 trillion. Social media commerce is expected to reach $2.9 trillion by 2026. Therefore, the rise in the volume of data generated through social media and e-commerce platforms is driving the growth of the edge artificial intelligence chips Market.
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The edge artificial intelligence chips market covered in this report is segmented –
1) By Chip Type: Central Processing Unit (CPU), Graphics Processing Unit (GPU), Application-Specific Integrated Circuit (ASIC), Field Programmable Gate Arrays (FPGAs)
2) By Device Type: Consumer Devices, Enterprise Devices
3) By Function: Training, Inference
4) By End-Use Industry: Automotive, Manufacturing, Healthcare, Consumer Electronics, Others
Major companies operating in the edge artificial intelligence chips market are developing innovative platforms, such as edge AI developer platforms, to increase their profitability in the market. An Edge AI developer platform comprises a collection of tools and resources designed to empower developers in the creation and deployment of AI models on edge devices. For instance, in January 2024, Ambarella Inc., a US-based semiconductor company, launched a platform called Cooper Developer Platform. The platform encompasses a preconfigured suite of hardware and software development tools, incorporating Cooper Metal, a range of AI System-on-Chips (SoCs), and board-level hardware solutions. Designers can fully leverage Ambarella’s AI performance through user-friendly and comprehensive tools, abstracting the hardware complexities and allowing them to concentrate on product development.
The edge artificial intelligence chips market report table of contents includes:
1. Executive Summary
2.Edge Artificial Intelligence Chips Market Characteristics
3.Edge Artificial Intelligence Chips Market Trends And Strategies
4.Edge Artificial Intelligence Chips Market analysis
5.Edge Artificial Intelligence Chips Market Size And Growth
6.Edge Artificial Intelligence Chips Segmentation
7.Edge Artificial Intelligence Chips Regional And Country Analysis
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27.Edge Artificial Intelligence Chips Competitive Landscape And Company Profiles
28.Edge Artificial Intelligence Chips Key Mergers And Acquisitions
29.Edge Artificial Intelligence Chips Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Apple Inc.
- Alphabet Inc.
- Samsung Electronics Co. Ltd.
- Intel Corp.
- Qualcomm Technologies Inc.
- NVIDIA Corp
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