Market Dynamics
The usage of on-device AI processors is increasing across the world for image analysis. AI mobile processors power applications of computational imaging in wearable electronics, drones, robots, and self-driving cars. Besides, the demand for industrial and personal drones is increasing worldwide, which is driving the demand for edge AI processors. All these factors are predicted to boost the growth of the global edge AI processor market during the forecast period. Additionally, technological advancements and rapid growth in electronics industry worldwide are the factors predicted to create huge growth opportunities for the edge AI processor market by 2028. However, the lack of skilled professionals in the industry is expected to hamper the market growth during the estimated timeframe.
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