The Europe Edge Artificial Intelligence Chips Market is expected to 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 is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $9.86 billion 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.
The Germany market dominated the Europe Edge Artificial Intelligence Chips Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $9.86 billion 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.
List of Key Companies Profiled
- Advanced Micro Devices Inc.
- Samsung Electronics Co., Ltd. (Samsung Group)
- NXP Semiconductors N.V.
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- NVIDIA Corporation
- Intel Corporation
- Infineon Technologies AG
- IBM Corporation
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Apple, Inc.
Market Report Segmentation
By Function
- Inference
- Training
By Chipset
- CPU
- ASIC
- GPU
- Other Chipset
By Device
- Consumer Devices
- Enterprise Devices
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Europe Edge Artificial Intelligence Chips Market by Function
Chapter 6. Europe Edge Artificial Intelligence Chips Market by Chipset
Chapter 7. Europe Edge Artificial Intelligence Chips Market by Device
Chapter 8. Europe Edge Artificial Intelligence Chips Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Advanced Micro Devices Inc.
- Samsung Electronics Co., Ltd. (Samsung Group)
- NXP Semiconductors N.V.
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- NVIDIA Corporation
- Intel Corporation
- Infineon Technologies AG
- IBM Corporation
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Apple, Inc.
Methodology
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