Published Date: 2021-04-27
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European Artificial Intelligence (AI) Chipsets Market size is anticipated to reach USD 9 billion by 2026, according to a latest forecast report by Graphical Research.
The Europe AI chipsets market is gaining traction owing to rising government initiatives toward the deployment of smart city projects in the region. For instance, in December 2020, European Union funded USD 5.5 million in the ‘AI4Cities’ project for the development of six new smart cities in Europe. The three-year EU-funded project will focus on the development of energy and mobility solutions in smart cities by targeting AI, 5G, and IoT technologies. The proposed project will focus on developing a new smart city region in Paris, Tallinn, Stavanger, Copenhagen, Helsinki, and Amsterdam by December 2022.
The consumer electronics segment is estimated to witness over 35% CAGR from 2020 to 2026. Growth is credited to the rapid commercialization of 5G technology in European economies, increasing the adoption of new AI and 5G-based smartphones and laptops. AI chips in smartphones offer high-speed data processing and higher data-transmission capabilities over the 5G network. According to December 2020 report by the EU 5G-Observatory, 5G services have been commercialized in 24 countries in the European Union including the UK. This has increased the demand for new 5G-enabled smartphones, adding growth opportunities for the market.
Browse detailed statistical insights from the report, “Europe Artificial Intelligence (AI) Chipsets Market Size By Processing Type (Edge, Cloud), By Product (Graphics Processing Unit (GPU), Application-Specific Integrated Circuit (ASIC), Central Processing Unit (CPU), Field-Programmable Gate Array (FPGA)), By Technology (Natural Language Processing (NLP), Robotic Process Automation (RPA), Computer Vision, Network Security)), By Industry Vertical (Media & Advertising, Consumer Electronics, Banking, Financial Services And Insurance (BFSI), IT & Telecom, Retail, Healthcare, Automotive), Research Report, Country Outlook (UK, Germany, France, Italy, Spain, Netherlands), Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020 - 2026” along with the table of contents (ToC) @
Germany AI chipsets market is projected to expand at a CAGR of 34% between 2020 and 2026. Several German automotive OEMs, such as BMW Group, Audi, Volkswagen, Daimler AG, and others, are focusing on the development of ADAS and self-driving cars over AI and machine learning technologies. For instance, Volkswagen Group has started the trials of its self-driving taxi, ‘Robotaxi’ in Germany, which is expected to launch by 2025. Self-driving cars are integrated with advanced sensors and Electronic Control Units (ECUs), increasing the uptake of AI chipsets. According to Germany Trade and Invest (GTAI) 2020 - 2021 report, Germany credited 60% of its R&D growth in the European automotive sector in 2019.
Key players operating in the European market are focusing on collaboration & partnership activities to develop and technically advanced products than their competitors. For instance, in October 2019, AImotive collaborated with Nextchip to integrate its aiWare Neural Network (NN) Inference accelerator into Nextchip’s Apache5 imaging edge processor. This strategic collaboration will develop and market automotive imaging processors, which are optimized for autonomous driving applications.
Some of the key industry players in the Europe are AIBrain Inc., AImotive, Graphcore Ltd., Qualcomm Technologies, NVIDIA Corporation, Micron Technology, Advanced Micro Devices, Inc., Samsung Electronics, and Intel Corporation, among others.
The European artificial intelligence (AI) chipsets market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2015 to 2026 for the following segments:
Europe Market, By Product
Europe Market, By Technology
Europe Market, By Processing Type
Europe Market, By Industry Vertical
The above information has been provided for the following countries:
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