Press release
2024 Global Market Overview: Edge AI Chip Technologies
Edge Artificial Intelligence Chips Market Size
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Report Coverage & Details:
• Forecast Period: 2024-2033
• Base Year: 2023
• Market Size In 2024: $5.99 billion
• Revenue Forecast In 2033: $11.68 billion
• CAGR: 18.2%
Global Edge Artificial Intelligence Chips Market: Segmentation
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
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Edge Artificial Intelligence Chips Market Report: Growth Drivers
The increasing amount of data generated by social media and e-commerce platforms is expected to drive the growth of the edge artificial intelligence chips market. In this context, the volume of data refers to the vast quantity of digital information produced, processed, and stored on these platforms. Utilizing edge AI chips alongside this significant data volume allows for faster, more personalized, and secure user experiences while optimizing operations in real time. For example, in February 2023, Forbes, a U.S.-based business magazine, projected that by 2026, 24% of retail purchases will occur online, with the e-commerce market expected to exceed $8.1 trillion. Additionally, social media commerce is anticipated to reach $2.9 trillion by 2026. Thus, the increase in data generated from social media and e-commerce is fueling the edge artificial intelligence chips market.
Key Developments:
Renesas Electronics Expands Capabilities With EdgeCortix
In October 2023, Renesas Electronics, a Japanese semiconductor manufacturer, partnered with EdgeCortix to develop edge artificial intelligence (AI) solutions. This partnership aims to accelerate the unification of developer experience across Renesas' wide offers and support for heterogeneous architectures. EdgeCortix is a Japan-based IC design startup specializing in energy-efficient AI processing solutions at the edge, including AI chips.
Top Market Leader Included:
Apple Inc., Alphabet Inc., Samsung Electronics Co. Ltd., Intel Corp., Qualcomm Technologies Inc., NVIDIA Corp., Advanced Micro Devices Inc., Synopsys Inc., Marvell Technology Group Ltd., Xilinx Inc, Cadence Design Systems Inc., HiSilicon Technologies CO. Ltd, Arm Ltd., Bitmain Technologies Ltd., Imagination Technologies Group plc, Cambricon Technologies Corporation Limited, VeriSilicon Holdings Co. Ltd., Mythic Ltd., Tenstorrent Inc., Sambanova Systems, Hailo Technologies Ltd., Kalray SA, Thinci Inc., Flex Logix Technologies Inc., GreenWaves Technologies, Graphcore Limited
Edge Artificial Intelligence Chips Industry: Regional Landscape
North America was the largest region in the edge artificial intelligence chips market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the edge artificial intelligence chips market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the edge artificial intelligence chips market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
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What Does The Global Edge Artificial Intelligence Chips Market Report Include?
1.Introduction
• Overview of the Edge Artificial Intelligence Chips Market
• Comprehensive Analysis of Edge Artificial Intelligence Chips Market
2. Edge Artificial Intelligence Chips Market Drivers and Restraints
• Drivers and Restraints For Historic And Forecast Period
3. Edge Artificial Intelligence Chips Market Segmentation
• By Drug Class
• By Indication
• By Distribution Channel
4. Competitive Landscape And Company Profiles In The Edge Artificial Intelligence Chips Market
• Overview
• Products and Services
• Strategy
5. Edge Artificial Intelligence Chips Market Regional And Country Analysis
• By Region
• By Country
6. Market Trends And Opportunities In Edge Artificial Intelligence Chips Market
• Technological Advancements
• Emerging Trends
7. Edge Artificial Intelligence Chips Market Future Outlook and Potential Analysis
• Growth Strategies
• New Opportunities
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