The North America Edge Artificial Intelligence Chips Market is expected to 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 is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $36.10 billion 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.
The US market dominated the North America 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 $36.10 billion 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.
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
- US
- Canada
- Mexico
- Rest of North America
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. North America Edge Artificial Intelligence Chips Market by Function
Chapter 6. North America Edge Artificial Intelligence Chips Market by Chipset
Chapter 7. North America Edge Artificial Intelligence Chips Market by Device
Chapter 8. North America 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
LOADING...
