The North America Edge Artificial Intelligence Chips Market would witness market growth of 32.5% CAGR during the forecast period (2024-2031).
The US market dominated the North America 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 $36,106.2 Million by 2031. The Canada market is expected to witness a CAGR of 35.2% during (2024 - 2031). Additionally, The Mexico market would register a CAGR of 34.2% during (2024 - 2031).
The edge artificial intelligence chips market is undergoing significant transformation, driven by the increasing demand for real-time data processing and analysis at the source of data generation. Edge AI chips, specialized processors designed to handle AI workloads directly on devices such as smartphones, cameras, IoT devices, and more, are becoming integral in various applications across multiple industries.
Edge AI chips are being utilized across a broad spectrum of applications, each harnessing the power of AI to enhance functionality and efficiency. In healthcare, edge AI chips enable real-time patient monitoring and diagnostics. Wearable devices with these chips can track vital signs and predict potential health issues, allowing for timely medical intervention. For instance, AI-powered hearing aids can adapt to different sound environments, providing a better user experience.
As more Canadian businesses adopt AI technologies, including generative AI, the demand for efficient, high-performance Edge AI chips will increase. These chips will be integral in enabling businesses to run complex AI models locally on their devices, ensuring smooth and efficient operations while reducing the latency that would otherwise result from sending data to centralized servers. The high adoption rate of generative AI within Canada’s information and cultural industries will drive the need for specialized hardware to support these applications, creating significant opportunities for the edge artificial intelligence chips market. Thus, the forecasted growth of self-driving vehicles in the U.S. and the increasing use of generative AI in Canadian businesses are key factors propelling the market's growth.
Free Valuable Insights: The Edge Artificial Intelligence Chips Market is Predict to reach 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 U.S., Mexico, Canada, and Rest of North America.
By Function
By Chipset
By Device
By Country
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