The Europe Edge AI Processor Market would witness market growth of 15.1% CAGR during the forecast period (2022-2028).
Speech recognition, face-ID security, fingerprint detection, fraud detection, and autonomous driving systems are all examples of edge AI use cases. Edge AI can combine the cloud's power with the advantages of local operation to increase AI algorithm performance over time. An autonomous navigation system, for example, where the AI algorithms are trained on the cloud but the inferencing is done on the car to handle the steering, acceleration, and brakes. Data scientists work in the cloud to improve self-driving algorithms and then deliver these models to the vehicle.
It is possible to achieve near real-time analytics with edge computing. Analysis occurs in a fraction of a second, which is vital in time-sensitive scenarios. Considering the machines that make up an industrial assembly line. If a robot on the production line is activated at the incorrect moment or too late, the product may be damaged or travel further down the line unprocessed and undisturbed. If the error goes undetected, the incorrect product could end up on the market or cause damage later in the manufacturing process. When the majority of data processing occurs locally, on the edge, a centralized service or data transport will not constitute a barrier.
The regional automotive sector is one of the major industries across Europe. According to the International Trade Administration, One of Italy's most vital sectors is the automotive industry. In 2019, sales reached almost €106 billion (around $119 billion), accounting for 11% of Italy's manufacturing output and 6.2% of GDP. The transition from internal combustion engines to electromobility (hybrid and electric) is altering the industry, which could present opportunities for U.S. car components, charging infrastructure, as well as diagnostic equipment producers.
The Germany market dominated the Europe Edge AI Processor Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $367.2 Million by 2028. The UK market is poised to grow a CAGR of 14.1% during (2022 - 2028). Additionally, The France market is exhibiting a CAGR of 16% during (2022 - 2028).
Based on Type, the market is segmented into Central Processing Unit (CPU), Graphics Processing Unit (GPU), and Application Specific Integrated Circuit (ASIC). Based on End Use, the market is segmented into Consumer Electronics, Automotive & Transportation, Manufacturing, Retail & Ecommerce, Healthcare, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The North America Edge AI Processor Market would witness market growth of 12.5% CAGR during the forecast period (2022-2028). The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Apple, Inc., Samsung Electronics Co., Ltd. (Samsung Group), Mythic, Qualcomm, Inc., Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Intel Corporation, Google LLC, NVIDIA Corporation, Arm Limited (Softbank Group Corp.) and Advanced Micro Devices, Inc. By Device Type By Type By End Use By CountryScope of the Study
Market Segments Covered in the Report:
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