Edge AI Processor Market Report 2024 (Global Edition)

Global Edge AI Processor Market Report 2024 Market Size Split by Type (Central Processing Unit (CPU), Graphics Processing Unit (GPU), Application Specific Integrated Circuit (ASIC)), by Device Type (C...

Edge AI Processor Market Report Description

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Edge AI Processor Market Insights Video

Competitive Landscape of the Edge AI Processor Market

The competitive landscape of the Edge AI Processor Market features key players including Fellowes, Swingline, and HSM, each offering a range of shredding solutions with varying capacities and technologies. Companies compete on product innovation, quality, and features such as advanced shredding mechanisms and security levels. Strategic partnerships, technological advancements, and regional expansions are crucial for gaining market share.

In Nov 2021, HPE unveiled a range of GenAI training and inference products and intentions to utilize microservices and Nvidia GPUs software. HPE introduced an edge to data center, on-premises, hybrid, and public cloud methods within the GenAI portfolio. Additionally, it declared the availability of GenAI supercomputing systems featuring Nvidia components. (Source: https://www.hpe.com/us/en/newsroom/press-release/2024/03/hewlett-packard-enterprise-debuts-end-to-end-ai-native-portfolio-for-generative-ai.html)

In Mar 2024, Neural Magic and Akamai Technologies revealed a strategic collaboration aimed at enhancing deep learning features on Akamai’s distributed computing infrastructure. This collaboration aims to stimulate invention in edge-AI inference across various industries. (Source: https://www.akamai.com/newsroom/press-release/akamai-and-neural-magic-partner-to-accelerate-deep-learning-ai).

Top Companies Market Share in Edge AI Processor 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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• Data Hidden

*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!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Edge AI Processor Market

Which Region Dominates the Edge AI Processor Market in 2024?

According to Cognitive Market Research, North America is poised to dominate the Edge AI Processor market, driven by its strong technological infrastructure, significant investments in AI research, and high adoption rates of edge computing technologies. The region's leadership is bolstered by the presence of major technology companies and innovative startups specializing in AI and edge computing solutions. The substantial demand for advanced edge AI applications across various sectors, including automotive, healthcare, and smart cities, further reinforces North America's position. This dominance is supported by robust support from government initiatives and a favorable regulatory environment that encourages technological advancement and deployment of edge AI solutions.

Which Region is Expanding at the Fastest CAGR?

The Asia-Pacific region is experiencing the fastest growth rate in the Edge AI Processor market. This rapid expansion is driven by the region’s increasing investments in smart infrastructure, rapid adoption of IoT devices, and a burgeoning tech-savvy consumer base. Significant government initiatives aimed at promoting technological advancements and digital transformation further fuel market growth. The presence of a large number of emerging technology companies and a growing manufacturing sector also contribute to the region’s accelerated market development. As industries in Asia-Pacific embrace edge AI technologies to enhance operational efficiency and innovate, the region continues to see the highest compound annual growth rate (CAGR) in this sector.

 

The current report Scope analyzes Edge AI Processor 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 Processor Market

According to Cognitive Market Research, the global Edge AI Processor Market size was estimated at USD 3124.6 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 1249.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.5% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Edge AI Processor Market with a market size of USD 986.12 million in 2024 and is projected to grow at a CAGR of 11.3% during the forecast period. Strong technology ecosystem and significant investment in AI innovation drive market growth.
• The Canada Edge AI Processor Market had a market share of USD 149.98 million in 2024 and is projected to grow at a CAGR of 12.3% during the forecast period. High adoption of advanced tech and supportive government policies foster market expansion.
• The Mexico Edge AI Processor Market is projected to witness growth at a CAGR of 12.0% during the forecast period, with a market size of USD 113.74 million in 2024.

Europe Edge AI Processor Market

According to Cognitive Market Research, the global Edge AI Processor Market size was estimated at USD 3124.6 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 937.38 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.8% from 2024 to 2031.

• The United Kingdom Edge AI Processor Market had a market share of USD 157.48 million in 2024 and is projected to grow at a CAGR of 12.6% during the forecast period. Focus on smart city initiatives and digital infrastructure fuels market development.
• The France Edge AI Processor Market is projected to witness growth at a CAGR of 11.0% during the forecast period, with a market size of USD 86.24 million in 2024.
• According to Cognitive Market Research, the German Edge AI Processor Market size was valued at USD 185.60 million in 2024 and is projected to grow at a CAGR of 12.0% during the forecast period. Leadership in manufacturing and industrial automation accelerates market growth.
• The Italy Edge AI Processor Market is projected to witness growth at a CAGR of 11.2% during the forecast period, with a market size of USD 80.61 million in 2024.
• The Russia Edge AI Processor Market is projected to witness growth at a CAGR of 10.8% during the forecast period, with a market size of USD 145.29 million in 2024.
• The Spain Edge AI Processor Market is projected to witness growth at a CAGR of 10.9% during the forecast period, with a market size of USD 76.87 million in 2024.
• The Luxembourg Edge AI Processor Market is projected to witness growth at a CAGR of 11.9% during the forecast period, with a market size of USD 29.06 million in 2024.
• The Portugal Edge AI Processor Market is projected to witness growth at a CAGR of 11.6% during the forecast period, with a market size of USD 19.68 million in 2024.
• The Greece Edge AI Processor Market is projected to witness growth at a CAGR of 12.1% during the forecast period, with a market size of USD 11.25 million in 2024.
• The Rest of Europe Edge AI Processor Market is projected to witness growth at a CAGR of 10.5% during the forecast period, with a market size of USD 145.29 million in 2024.

Asia Pacific Edge AI Processor Market

According to Cognitive Market Research, the global Edge AI Processor Market size was estimated at USD 3124.6 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 718.66 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.3% from 2024 to 2031.

• According to Cognitive Market Research, the China Edge AI Processor Market size was valued at USD 323.40 million in 2024 and is projected to grow at a CAGR of 14.8% during the forecast period. Rapid adoption of IoT and substantial government support drive market expansion.
• The Japan Edge AI Processor Market is projected to witness growth at a CAGR of 13.8% during the forecast period, with a market size of USD 99.17 million in 2024.
• The India Edge AI Processor Market had a market share of USD 86.24 million in 2024 and is projected to grow at a CAGR of 11.8% during the forecast period. Growing tech infrastructure and digital transformation efforts boost market growth.
• The South Korea Edge AI Processor Market is projected to witness growth at a CAGR of 14.4% during the forecast period, with a market size of USD 71.87 million in 2024.
• The Australia Edge AI Processor Market is projected to witness growth at a CAGR of 15.0% during the forecast period, with a market size of USD 37.37 million in 2024.
• The South East Asia Edge AI Processor Market is projected to witness growth at a CAGR of 16.3% during the forecast period, with a market size of USD 49.59 million in 2024.
• The Rest of APAC Edge AI Processor Market is projected to witness growth at a CAGR of 15.1% during the forecast period, with a market size of USD 51.02 million in 2024.

South America Edge AI Processor Market

According to Cognitive Market Research, the global Edge AI Processor Market size was estimated at USD 3124.6 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 156.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.7% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Edge AI Processor Market size was valued at USD 66.87 million in 2024 and is projected to grow at a CAGR of 13.3% during the forecast period. Increasing investments in technology and smart solutions support market development.
• Argentina's Edge AI Processor Market had a market share of USD 26.25 million in 2024 and is projected to grow at a CAGR of 13.6% during the forecast period. Rising digitalization and tech investments contribute to market growth.
• The Colombia Edge AI Processor Market is projected to witness growth at a CAGR of 12.5% during the forecast period, with a market size of USD 13.90 million in 2024.
• The Peru Edge AI Processor Market is projected to witness growth at a CAGR of 12.9% during the forecast period, with a market size of USD 12.81 million in 2024.
• The Chile Edge AI Processor Market is projected to witness growth at a CAGR of 13.0% during the forecast period, with a market size of USD 11.25 million in 2024.
• The Rest of LATAM Edge AI Processor Market is projected to witness growth at a CAGR of 11.8% during the forecast period, with a market size of USD 25.15 million in 2024.

Middle East and Africa Edge AI Processor Market

According to Cognitive Market Research, the global Edge AI Processor Market size was estimated at USD 3124.6 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 62.49 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.0% from 2024 to 2031.

• The GCC Countries Edge AI Processor Market is projected to witness growth at a CAGR of 13.8% during the forecast period, with a market size of USD 26.75 million in 2024. Expansion of smart city projects and tech infrastructure fuels market growth.
• The Egypt Edge AI Processor Market is projected to witness growth at a CAGR of 13.3% during the forecast period, with a market size of USD 6.56 million in 2024.
• The South Africa Edge AI Processor Market is projected to witness growth at a CAGR of 14.0% during the forecast period, with a market size of USD 9.87 million in 2024. Growing demand for automation and digital solutions drives market expansion.
• The Turkey Edge AI Processor Market is projected to witness growth at a CAGR of 12.5% during the forecast period, with a market size of USD 5.37 million in 2024.
• The Nigeria Edge AI Processor Market is projected to witness growth at a CAGR of 12.1% during the forecast period, with a market size of USD 6.56 million in 2024.
• The Rest of MEA Edge AI Processor Market is projected to witness growth at a CAGR of 12.0% during the forecast period, with a market size of USD 7.37 million in 2024.

Edge AI Processor Market Analysis

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

Edge AI Processor Market Type Segment Analysis

According to Cognitive Market Research, The Graphics Processing Unit (GPU) segment dominates the Edge AI Processor market due to its superior capability in parallel processing and high-performance computing. GPUs excel at handling complex AI and machine learning algorithms, making them essential for real-time data processing and analytics in various applications. Their adaptability and efficiency in managing large volumes of data at high speeds make them indispensable in sectors such as autonomous vehicles, smart cities, and advanced consumer electronics. The extensive deployment of GPUs in edge computing solutions reinforces their position as the leading segment, driven by consistent demand for enhanced computational power and performance.

The Application Specific Integrated Circuit (ASIC) segment is witnessing the fastest growth in the Edge AI Processor market. ASICs are tailored for specific tasks, offering unparalleled efficiency and performance in dedicated AI applications. Their ability to deliver high performance while minimizing power consumption makes them increasingly attractive for edge computing scenarios where power constraints are critical. The rapid adoption of ASICs is fueled by advancements in custom silicon design and the growing need for specialized, high-efficiency processing solutions. This segment's rapid expansion reflects the rising demand for optimized, application-specific processors that cater to emerging edge AI use cases across diverse industries.

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 Processor Industry. Request a Free Sample PDF!

Edge AI Processor Market Device Type Segment Analysis

According to Cognitive Market Research, The consumer devices segment leads the Edge AI Processor market, reflecting the widespread adoption of smart gadgets such as smartphones, smart speakers, and wearables. The proliferation of these devices, driven by increasing consumer demand for enhanced functionalities and real-time data processing, underpins this segment’s prominence. Advanced edge AI processors integrated into consumer electronics enable superior performance in applications like voice recognition, image processing, and personalized user experiences. This widespread application across various consumer products has established consumer devices as the largest segment, leveraging the growing trend of smart technology and connected living to capture substantial market share.

The enterprise devices segment is expanding at the fastest rate within the Edge AI Processor market. This growth stems from the accelerated digital transformation initiatives in businesses seeking to optimize operations and enhance data analytics capabilities. Enterprise devices, including industrial automation equipment, smart sensors, and advanced networking hardware, increasingly integrate edge AI processors to facilitate real-time decision-making and improve operational efficiency. The push towards Industry 4.0 and smart manufacturing fuels this segment’s rapid growth, as enterprises invest in cutting-edge technology to gain a competitive edge and drive innovation in their operations.

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

Edge AI Processor End User Segment Analysis

Edge AI Processor Market End User Segment Analysis

According to Cognitive Market Research, The automotive and transportation sector stands as the largest end-user segment in the Edge AI Processor market. The increasing demand for autonomous vehicles and advanced driver-assistance systems drives this substantial market share. Automotive companies are integrating edge AI processors to enhance real-time decision-making, safety features, and driving experience through advanced driver assistance systems (ADAS). These processors facilitate crucial functions such as object detection, lane-keeping assistance, and adaptive cruise control by processing data locally. The sector's robust growth is underpinned by continuous innovation and substantial investments in automotive technology, positioning it as a dominant player in the edge AI processor market.

The healthcare sector represents the fastest-growing segment in the Edge AI Processor market. Rapid advancements in medical technology and the increasing adoption of telemedicine and remote monitoring are fueling this growth. Edge AI processors are pivotal in enabling real-time data analysis for applications such as patient monitoring, diagnostic imaging, and personalized treatment. By processing data on-site, these processors enhance the efficiency and accuracy of medical devices and systems. The burgeoning need for precise and timely medical interventions drives the demand for advanced edge AI solutions, accelerating the sector's growth trajectory in the market.

• Automotive and Transportation
• Healthcare
• Consumer Electronics
• Retail and Ecommerce
• Manufacturing
• Others

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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