Edge AI Chips Market Report 2024 (Global Edition)

Global Edge AI Chips Market Report 2024 Market Size Split by Processor (CPU, GPU, ASIC, Others), by Device Type (Consumer Devices, Enterprise Devices), by Function (Training, Inference)

Edge AI Chips Market Report Description

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Edge AI Chips Market Insights Video

Competitive Landscape of the Edge AI Chips Market

The aggressive panorama of the Edge AI chips marketplace functions several key gamers, including NVIDIA, Intel, Qualcomm, and AMD, each striving to beautify their product services through innovation and strategic partnerships. Companies awareness on growing advanced chip architectures and energy-green answers to satisfy the increasing demand for real-time processing in numerous programs. Additionally, rising startups are coming into the market, bringing clean technologies and processes, intensifying competition, and using improvements in overall performance and capability across the Edge AI chip section.

In March 2023 Google revealed the Coral Dev Board Micro, a small development board with Google's Edge TPU to speed up machine learning activities at the edge for edge AI applications. (Source: https://coral.ai/products/dev-board-micro/ In February 2023, With the Snapdragon X75 5G modem, which Qualcomm unveiled, connection and AI processing at the edge are improved thanks to advanced AI capabilities for edge devices. (Source: https://www.qualcomm.com/news/releases/2023/02/qualcomm-sparks-the-next-phase-of-5g-with-the-world-s-first-5g-a In October 2023, With the release of the Exynos 2200 processor, Samsung aimed to enhance the AI processing capabilities of edge devices and smartphones by integrating an AI engine. (Source: https://news.samsung.com/global/samsung-introduces-game-changing-exynos-2200-processor-with-xclipse-gpu-powered-by-amd-rdna-2-architecture)

Top Companies Market Share in Edge AI Chips Industry: (In no particular order of Rank)

• NVIDIA Corporation (U.S.)
• Alphabet
• Inc. (U.S.)
• Microsoft Corporation (U.S.)
• IBM Corporation (U.S.)
• Amazon.com
• Inc. (U.S.)
• Intel Corporation (U.S.)
• Synaptics Incorporated (U.S.)
• ADLINK Technology Inc. (Taiwan)
• Edge Impulse (U.S.)
• Viso.ai (Switzerland)
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Edge AI Chips Market

Which Region Dominates the Edge AI Chips Market in 2024?

According to Cognitive Market Research, North America currently dominates the Edge AI Chipss market, and the region is expected to have significant growth during the projected period. North America is experiencing a full-size boom inside the Edge AI chips marketplace, driven by increased adoption of IoT devices, self-reliant motors, and clever technologies. The vicinity's sturdy recognition of innovation, coupled with massive investments in AI studies and improvement, helps this growth. Major era groups and startups alike are advancing their Edge AI chip offerings, improving overall performance and energy efficiency.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The Asia Pacific place is witnessing a sturdy increase within the Edge AI chips marketplace, fueled by the aid of a growing call for smart gadgets, commercial automation, and IoT programs. Countries like China, Japan, and India are investing closely in AI and semiconductor generation, riding innovation, and manufacturing. The increasing consciousness of virtual transformation and smart town projects, in addition.

The current report Scope analyzes Edge AI Chips Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Edge AI Chips Market

According to Cognitive Market Research, the global Edge AI Chips market size was estimated at USD 25142.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 51715.0 million in 2024 and will grow at a compound annual growth rate (CAGR) of 25.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Edge AI Chips market with a market size of USD 7934.88 million in 2024 and is projected to grow at a CAGR of 25.0% during the forecast period. The U.S. market's increasing demand for low-latency processing.
• The Canada Edge AI Chips market had a market share of USD 1206.83 million in 2024 and is projected to grow at a CAGR of 26.0% during the forecast period. Canada’s Growth of IoT devices.
• The Mexico Edge AI Chips market is projected to witness growth at a CAGR of 25.7% during the forecast period, with a market size of USD 915.18 million in 2024.

Europe Edge AI Chips Market

According to Cognitive Market Research, the global Edge AI Chips market size was estimated at USD 25142.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 7542.66 million in 2024 and will grow at a compound annual growth rate (CAGR) of 25.5% from 2024 to 2031.

• The United Kingdom Edge AI Chips market had a market share of USD 1267.17 million in 2024 and is projected to grow at a CAGR of 26.3% during the forecast period. In the UK, Edge AI Chips sales witness an upswing due to the enhanced data privacy.
• The France Edge AI Chips market is projected to witness growth at a CAGR of 24.7% during the forecast period, with a market size of USD 693.92 million in 2024.
• According to Cognitive Market Research, the German Edge AI Chips market size was valued at USD 1493.45 million in 2024 and is projected to grow at a CAGR of 25.7% during the forecast period. In Germany, Edge AI Chips surged due to rising edge computing applications.
• The Italy Edge AI Chips market is projected to witness growth at a CAGR of 24.9% during the forecast period, with a market size of USD 648.67 million in 2024.
• The Russia Edge AI Chips market is projected to witness growth at a CAGR of 24.5% during the forecast period, with a market size of USD 1169.11 million in 2024.
• The Spain Edge AI Chips market is projected to witness growth at a CAGR of 24.6% during the forecast period with a market size of USD 618.50 million in 2024
• The Luxembourg Edge AI Chips market is projected to witness growth at a CAGR of 25.6% during the forecast period, with a market size of USD 233.82 million in 2024.
• The Portugal Edge AI Chips market is projected to witness growth at a CAGR of 25.3% during the forecast period, with a market size of USD 158.40 million in 2024.
• The Greece Edge AI Chips market is projected to witness growth at a CAGR of 25.8% during the forecast period, with a market size of USD 90.51 million in 2024.
• The Rest of Europe's Edge AI Chips market is projected to witness growth at a CAGR of 24.2% during the forecast period, with a market size of USD 1169.11 million in 2024.

Asia Pacific Edge AI Chips Market

According to Cognitive Market Research, the global Edge AI Chips market size was estimated at USD 25142.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 5782.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 29.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Edge AI Chips market size was valued at USD 2602.22 million in 2024 and is projected to grow at a CAGR of 28.5% during the forecast period. Edge AI Chips surged in China due to technological advancements.
• The Japan Edge AI Chips market is projected to witness growth at a CAGR of 27.5% during the forecast period, with a market size of USD 798.01 million in 2024.
• The India Edge AI Chips market had a market share of USD 693.92 million in 2024 and is projected to grow at a CAGR of 30.8% during the forecast period. India's smart city initiatives.
• The South Korean Edge AI Chips market is projected to witness growth at a CAGR of 28.1% during the forecast period, with a market size of USD 578.27 million in 2024.
• The Australian Edge AI Chips market is projected to witness growth at a CAGR of 28.7% during the forecast period, with a market size of USD 300.70 million in 2024.
• The South East Asia Edge AI Chips market is projected to witness growth at a CAGR of 30.0% during the forecast period, with a market size of USD 399.01 million in 2024.
• The Rest of Asia Pacific Edge AI Chips market is projected to witness growth at a CAGR of 28.8% during the forecast period, with a market size of USD 410.57 million in 2024.

South America Edge AI Chips Market

According to Cognitive Market Research, the global Edge AI Chips market size was estimated at USD 25142.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 1257.11 million in 2024 and will grow at a compound annual growth rate (CAGR) of 26.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Edge AI Chips market size was valued at USD 538.04 million in 2024 and is projected to grow at a CAGR of 27.0% during the forecast period. Edge AI Chipss flourished in Brazil due to automotive automation.
• Argentina's Edge AI Chips market had a market share of USD 211.19 million in 2024 and is projected to grow at a CAGR of 27.3% during the forecast period. Argentina's industrial automation.
• Colombia Edge AI Chips market is projected to witness growth at a CAGR of 26.2% during the forecast period, with a market size of USD 111.88 million in 2024.
• Peru Edge AI Chips market is projected to witness growth at a CAGR of 26.6% during the forecast period, with a market size of USD 103.08 million in 2024.
• Chile Edge AI Chips market is projected to witness growth at a CAGR of 26.7% during the forecast period, with a market size of USD 90.51 million in 2024.
• The Rest of Latin America's Edge AI Chips market is projected to witness growth at a CAGR of 25.5% during the forecast period, with a market size of USD 202.39 million in 2024.

Middle East and Africa Edge AI Chips Market

According to Cognitive Market Research, the global Edge AI Chips market size was estimated at USD 25142.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 502.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 26.7% from 2024 to 2031..

• The GCC Countries Edge AI Chips market is projected to witness growth at a CAGR of 27.5% during the forecast period, with a market size of USD 215.22 million in 2024. Edge AI Chips sales flourish due to the cost reduction in ai deployment.
• The Egypt Edge AI Chips market is projected to witness growth at a CAGR of 27.0% during the forecast period, with a market size of USD 52.80 million in 2024.
• The South Africa Edge AI Chips market is projected to witness growth at a CAGR of 27.7% during the forecast period, with a market size of USD 79.45 million in 2024. Edge AI Chips sales flourished in South Africa due to expanding cloud infrastructure.
• The Turkey Edge AI Chips market is projected to witness growth at a CAGR of 26.2% during the forecast period, with a market size of USD 43.24 million in 2024.
• The Nigeria Edge AI Chips market is projected to witness growth at a CAGR of 25.8% during the forecast period, with a market size of USD 52.80 million in 2024.
• The Rest of the MEA Edge AI Chips market is projected to witness growth at a CAGR of 25.7% during the forecast period, with a market size of USD 59.34 million in 2024.

Edge AI Chips Market Analysis

How are Segments Performing in the Global Edge AI Chips Market?

Edge AI Chips Market Processor Segment Analysis

According to Cognitive Market Research, CPU are likely to dominate the Edge AI Chips Market over the forecast period. The CPU section is experiencing a boom in the Edge AI chips marketplace, pushed by improvements in processing strength and energy performance. As programs demand actual-time information processing and evaluation, CPUs are evolving to incorporate AI skills immediately on-chip. This development enhances performance for various aspect packages, such as clever devices, commercial automation, and independent structures, supporting the wider adoption of the Edge AI era.

The GPU is the fastest-growing segment in the Edge AI Chips Market. The GPU segment is extensively contributing to the growth of the Edge AI chips market, thanks to its advanced parallel processing competencies. GPUs excel at managing complex AI algorithms and massive datasets, making them best for actual-time record evaluation in aspect applications. This overall performance benefit is riding their adoption in sectors like self-sufficient cars, smart cities, and commercial automation, enhancing usual efficiency and responsiveness.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Edge AI Chips Industry. Request a Free Sample PDF!

Edge AI Chips Market Device Type Segment Analysis

According to Cognitive Market Research, the Consumer Devices segment holds the largest share of the market. The patron gadgets phase is fueling an increase in the Edge AI chips marketplace, driven by growing demand for smart home technologies, wearables, and personal devices. Edge AI chips decorate tool functionality by way of allowing real-time processing, progressed user experiences, and superior capabilities like voice recognition and facial detection. This trend helps the combination of AI abilities into normal client merchandise, promoting smarter, extra-related residing.

In the Edge AI Chips Market, the Enterprise Devices has been expanding at a rapid pace. The corporation devices section is driving growth within the Edge AI chips marketplace as groups an increasing number of undertake AI solutions for stepped-forward efficiency and decision-making. Edge AI chips enable real-time facts processing in packages along with clever production, logistics, and protection systems. This integration enhances operational overall performance, reduces latency, and helps advanced analytics, making companies more agile and aggressive in today's statistics-pushed landscape.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Edge AI Chips Function Segment Analysis

Edge AI Chips Market Function Segment Analysis

According to Cognitive Market Research, Training holds the largest market share. The training segment is contributing to the growth of the Edge AI chips market, as groups an increasing number of consciousness on growing gadget learning models at the threshold. Enhanced schooling skills enable quicker records processing and model optimization, leading to progressed AI performance in actual-time applications. This shift helps numerous sectors, such as healthcare, finance, and self-sufficient systems, ride the call for efficient Edge AI solutions.

In the Edge AI Chips market, the rapidly growing sector is Inference. The inference phase is propelling a boom in the Edge AI chips marketplace, driven by the need for real-time decision-making in various packages. Edge AI chips allow brief and efficient processing of data regionally, facilitating immediate insights and actions in clever gadgets, self sufficient motors, and industrial automation. This capability enhances overall performance, reduces latency, and helps the growing call for wise-edge answers across industries.

• Training
• Inference

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

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