What are Edge AI Chips?

Edge AI chips are specialized hardware components designed to perform artificial intelligence (AI) computations directly on edge devices, such as smartphones, IoT devices, and autonomous vehicles, rather than relying on cloud-based data centers. This enables faster processing, reduced latency, and enhanced privacy.

How big is Edge AI Chips Market?

The Global Edge AI Chips Market size is expected to be worth around USD 25.2 Billion By 2033, from USD 2.4 Billion in 2023, growing at a CAGR of 26.5% during the forecast period from 2024 to 2033.

What are the key factors driving the growth of the Edge AI Chips Market?

The growth of the edge AI chips market is driven by the increasing demand for real-time processing and low-latency applications in devices like smartphones, wearables, and industrial IoT devices. Enhanced capabilities for local data processing and reduced reliance on cloud-based computations also play a significant role.

What are the current trends and advancements in Edge AI Chips Market?

Recent advancements include the development of more efficient and compact AI chips, enabling their integration into smaller devices such as high-end smartphones and consumer electronics. Additionally, there is a growing focus on hybrid AI computing, combining edge and cloud processing to balance performance and cost.

What are the major challenges and opportunities in the Edge AI Chips Market?

Key challenges in the edge AI chips market include high production costs, power consumption, and heat generation. Opportunities lie in expanding applications across various sectors such as healthcare, automotive, and consumer electronics, with significant growth potential in emerging markets.

Who are the leading players in the Edge AI Chips Market?

Leading players in the edge AI chips market include Advanced Micro Devices, Inc., Alphabet Inc., Intel Corporation, Qualcomm Technologies, Inc., Apple Inc., Mythic Ltd., Arm Limited, Samsung Electronics Co., Ltd., NVIDIA Corporation, Xilinx Inc, Other key players

Global Edge AI Chips Market By Processor (CPU, GPU, ASIC, Others), By Device Type (Consumer Devices, Enterprise Devices), By Function (Training, Inference), Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2024-2033

Published date: July 2024
Report ID: 123483
Number of Pages: 326
Format:

Overview
Table of Contents
Major Market Players
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- Advanced Micro Devices, Inc.
- Alphabet Inc.
- Intel Corporation
- Qualcomm Technologies, Inc.
- Apple Inc.
- Mythic Ltd.
- Arm Limited
- Samsung Electronics Co., Ltd.
- NVIDIA Corporation
- Xilinx Inc.
- Other key players