Press release
Artificial Intelligence Edge Device Market is Predicted to Reach USD 13.21 Billion by 2030
Artificial Intelligence Edge Device Market
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The market's dynamics and trends are significantly influenced by the introduction of Industry 4.0, utilizing smart machines with AI, resulting in increased manufacturing efficiency and reduced downtime.
However, challenges such as high power consumption, substantial investment requirements, and limited awareness among small and medium-sized enterprises restrain the market's full potential. On the bright side, the integration of new AI technology, including federated deep learning, is anticipated to address privacy and security concerns associated with edge devices, unlocking future growth opportunities.
Geographical Analysis:
North America currently holds a predominant share of the AI edge device market, attributed to the high adoption of smart home products and the presence of key manufacturers innovating in edge AI for healthcare applications.
In contrast, Asia-Pacific is poised for steady growth of the artificial intelligence edge device market, driven by advancements in AI-powered drones, exemplified by China's launch of Zhu Hai Yun, the world's first crewless drone carrier, and Taiwan-based Aiseed's partnership with Japan's accelerator program to introduce edge AI-powered drones.
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Competitive Landscape:
The artificial intelligence edge device industry boasts prominent players such as Intel Corporation, Huawei Technologies Co. Ltd., MediaTek Inc., Xilinx Inc., NVIDIA Corporation, Microsoft Corporation, Samsung Electronics Co. Ltd., Imagination Technologies Limited, Google Inc, International Business Machine Corporation, and others. These market players are consistently innovating to maintain their dominance, as evident in NVIDIA Corporation's recent announcement of its DRIVE Orin autonomous vehicle computer and Huawei Technologies Co., Ltd's launch of Huawei Cloud, integrating edge computing with a satellite computing platform.
AI Edge Device Market Key Segments:
• By Process: Interface, Training
• By Component: Hardware, Software, Services
• By Processor: CPU, GPU, ASIC, Others
• By Devices: Robots, Smart Mirror, Wearables, Smartphones Smart Speakers, Cameras, Automotive
• By Organization Size: Large Enterprises, Small Enterprises, Medium Sized Enterprises
• By Power Consumption: Less than 1W, 1-3W, 3-5W, 5-10W, More than 10W
• By Application: Industrial IoT, Remote Monitoring, Content Delivery, Video Analytics, Others
• By End User: Smart home, Construction, Consumer Electronics, Automotive & Transportation, Government, Healthcare, Industrial, Aerospace & Defense, Robotics, Oil & Gas, Others.
By Region
• North America: U.S, Canada, Mexico
• Europe: U.K, Germany, France, Italy, Spain, Denmark, Netherlands, Finland, Sweden, Norway, Russia, Rest of Europe
• Asia-Pacific: China, Japan, India, South Korea, Australia, Indonesia, Singapore, Taiwan, Thailand, Rest of Asia-Pacific
• RoW: Latin America, Middle East, Africa
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