The Asia Pacific Edge AI Processor Market would witness market growth of 15.6% CAGR during the forecast period (2022-2028).
Edge AI enhances decision-making, makes data processing safer, improves user experience via hyper-personalization, and reduces cost. A hand-held device used in manufacturing is an example of this. Edge AI software is embedded in the tool, which is controlled by a microprocessor. When data does not need to be transferred to the cloud, the battery of the tool lasts longer.
Locally, AI algorithms are administrated, either on the system itself or on a dedicated server nearby. The algorithms make use of the data generated by the devices. Without needing to access the internet or the cloud, devices can make autonomous and independent in milliseconds. When it comes to potential applications, Edge AI has practically no bounds. Smartwatches to production lines, logistics to smart cities, and buildings are all examples of edge AI technologies and applications.
The application captures, processes, and analyzes data in real-time, and then transfers the data to the cloud for further analysis when the task is completed. In the event of an emergency, an AI-enabled tool may, for example, switch itself off. The manufacturer gains significant insight into how their products work and can apply this knowledge to future product development.
The manufacturing industry of India and China are significantly robust and contributes to a major proportion of the GDP of countries. According to the International Trade Administration, in 2018, the Indian manufacturing industry contributed 16-17% of the country's GDP and is expected to be one of the fastest-growing sectors. In India, the industrial machinery sector was essentially the backbone of the manufacturing industry.
The China market dominated the Asia Pacific Edge AI Processor Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $432.1 Million by 2028. The Japan market would showcase a CAGR of 14.9% during (2022 - 2028). Additionally, The India market is experiencing a CAGR of 16.3% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Edge AI Processor Market is Projected to reach USD 5.6 Billion by 2028, at a CAGR of 15.3%
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 Country
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