The Europe Edge Artificial Intelligence Chips Market would witness market growth of 32.8% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Edge Artificial Intelligence Chips Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $9,866.2 Million by 2031. The UK market is registering a CAGR of 31.6% during (2024 - 2031). Additionally, The France market would witness a CAGR of 33.8% during (2024 - 2031).
The automotive industry is leveraging edge AI chips to advance autonomous driving technologies. These chips process data from various sensors in real-time, enabling vehicles to make quick decisions, enhancing safety, and providing a seamless driving experience. Advanced driver-assistance systems (ADAS) also benefit from these chips, improving collision avoidance and lane-keeping functionalities.
Smart city projects incorporate edge AI chips to manage and optimize urban infrastructure. From traffic management systems that reduce congestion to smart lighting that conserves energy, these chips help make cities more efficient and sustainable. They are also used in surveillance systems to enhance security by enabling real-time video analysis and threat detection.
The focus on AI-driven research and development across European countries will likely accelerate the growth of new applications in smart cities, healthcare, and industrial automation. The market for these specialized chips will expand as more AI companies in Europe invest in AI hardware, including Edge AI chips. The increase in AI investments will foster the growth of AI technologies and drive the creation of AI solutions that require robust, efficient computing power at the edge. Hence, the combination of rising AI adoption among European businesses and substantial investments in AI technology is creating a favorable market growth environment.
Free Valuable Insights: The Global Edge Artificial Intelligence Chips Market will Hit USD 148.96 Billion by 2031, at a CAGR of 33.2%
Based on Function, the market is segmented into Inference and Training. Based on Chipset, the market is segmented into CPU, ASIC, GPU, and Other Chipset. Based on Device, the market is segmented into Consumer Devices and Enterprise Devices. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Function
By Chipset
By Device
By Country
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