Edge AI Processor Market to Reach US$ 9.5 Billion by 2032, Fueled by Growing Demand for Low-Power and High-Performance Computing. Market Study on Edge AI Processors: Rising Adoption of Fast and Energy Efficient New-age Microprocessors Solves Big-data Conflicts!
By the end of 2032, the Edge AI Processor Market is expected to reach a valuation of US$ 9.5 billion, and the Edge AI Processor used in consumer devices will dominate the market with a projected CAGR of 12.4% from 2023 to 2032.
This rise in demand for consumer devices such as smartphones and the surge in demand for IoT devices expands the market for edge AI processors.
The Edge AI chips can be used for a variety of applications like smartphones and Internet of Things (IoT) as they compute using a preset algorithm that enables them to calculate the data directly on the device.
In order to boost productivity in the factories, these chips can also be used in robots that will support manufacturing processes.
Additionally, it can be also employed in the automotive sector to enhance the advanced driver assistance system, increase the vehicle’s connectivity, and enhance autonomous driving capabilities.