Published Date: 28-Jul-2022
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
According to a new report, published by KBV research, The Global Edge AI Processor Market size is expected to reach $5.5 billion by 2028, rising at a market growth of 15.3% CAGR during the forecast period.
The Enterprise Devices market would experience a CAGR of 18.1% during (2022 - 2028). The increasing growth of this segment is attributed to the rising number of businesses that are striving to grow. From manufacturing and warehouses to corporate offices and field workers, enterprise mobile devices have the flexibility and agility to be the extension customers across the world are seeking to function away from the desk or work.
The Central Processing Unit (CPU) market is generating high revenue in the Global Edge AI Processor Market by Type in 2021, thereby, achieving a market value of $2.8 billion by 2028. With increased IoT usage, a variety of new devices will be connected, needing higher computational economies and speed. Integrations of field-programmable gate arrays (FPGAs) with CPUs for high-performance supercomputing and computing applications are also predicted to drive the segment forward in the near future.
The Automotive & Transportation market is exhibiting a CAGR of 15.6% during (2022 - 2028). The rising growth of the segment is owing to the rising disposable income of people all over the world. As the disposable income of the worldwide population is surging, their demand for more luxury and premium goods is increasing. Due to this, the growth of the automotive industry, as well as the demand for autonomous vehicles, is accelerating. Hence, this factor is bolstering the growth of the edge AI processor market.
North America is the fastest growing region in the Global Edge AI Processor Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2.1 billion by 2028. The Asia Pacific market would witness a CAGR of 15.6% during (2022 - 2028). Additionally, The Europe market is estimated to witness a CAGR of 15.1% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 End Use
Unique Offerings from KBV Research