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Edge AI ICs Market Forecast: USD 8132 Million by 2030 with 16.5% CAGR, Transforming Robotics, Smart Cities, and Automotive Sectors | Valuates Reports

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Edge AI ICs Market is Segmented by Type (Audio And Sound Processing, Machine Vision, Sensor Data Analysis), by Application (Automotive, Robotics, Smart Manufacturing, Smart City, Security & Surveillance).

BANGALORE, India, Nov. 14, 2024 /PRNewswire/ — The global Edge AI ICs market is projected to grow from USD 3246 Million in 2024 to USD 8132 Million by 2030, at a Compound Annual Growth Rate (CAGR) of 16.5% during the forecast period.

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Major Factors Driving the Growth of Edge AI ICs Market:

The Edge AI ICs market is experiencing rapid growth as industries seek real-time data processing and localized AI solutions. Factors like the expansion of IoT, adoption in autonomous systems, and advancements in 5G networks propel market demand. Edge AI ICs enable efficient, low-latency processing across sectors including healthcare, automotive, retail, and smart cities. As businesses and governments prioritize faster, more secure processing capabilities, the adoption of Edge AI ICs is expected to increase.

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TRENDS INFLUENCING THE GROWTH OF THE EDGE AI ICs MARKET

Machine vision systems equipped with Edge AI ICs can perform tasks like defect detection, quality assurance, and process monitoring without needing to send data to the cloud. By processing data locally, these systems reduce latency, making real-time analysis possible. This capability is critical for industries where immediate decision-making is necessary, such as in assembly lines or medical imaging. Edge AI ICs support faster and more accurate machine vision applications, allowing companies to automate quality control and enhance productivity. The growing adoption of automation and quality control solutions drives the demand for Edge AI ICs in machine vision, positioning these chips as essential components in industries focused on efficiency, accuracy, and streamlined operations.

Edge AI ICs are pivotal in sensor data analysis, a field that benefits greatly from rapid, localized processing. By handling data directly on the device, Edge AI ICs reduce reliance on cloud-based processing, enabling real-time responses in applications such as predictive maintenance, environmental monitoring, and security. Sensor-based devices equipped with Edge AI ICs can interpret data from IoT devices instantly, offering insights and alerts without significant delays. This immediate data analysis capability supports various industries, from healthcare, where wearable sensors monitor patient vitals, to agriculture, where sensors optimize crop conditions. The ability to process sensor data in real-time enhances operational efficiency, making Edge AI ICs a valuable asset for businesses looking to optimize resources and reduce downtime. The expansion of sensor-based technology across sectors fuels market growth for Edge AI ICs as demand for efficient, on-device processing rises.

The automotive industry’s shift towards autonomous and semi-autonomous vehicles has accelerated the demand for Edge AI ICs, which enable real-time decision-making critical for safety and navigation. Edge AI ICs process data from multiple sources, including cameras, radar, and LiDAR, allowing vehicles to react instantaneously to changing conditions on the road. Advanced Driver-Assistance Systems (ADAS) depend on these ICs to execute tasks like collision detection, lane keeping, and adaptive cruise control, enhancing safety and convenience for drivers. The automotive industry’s focus on autonomous technologies drives demand for high-performance, reliable Edge AI ICs that can manage extensive data processing within the vehicle itself, reducing the need for constant cloud connectivity. As manufacturers continue to innovate in autonomous driving, Edge AI ICs play a crucial role, ensuring that real-time processing requirements are met, which supports the market’s steady expansion.

The surveillance and security sector utilizes Edge AI ICs to process video and sensor data instantly, allowing for quicker threat detection and response in real-time. By operating at the edge, these ICs reduce the need for high-bandwidth connections and enhance data privacy. Edge AI ICs power applications like facial recognition and anomaly detection in public spaces, workplaces, and homes, supporting faster, more efficient security measures. As demand for advanced surveillance solutions grows, the market for Edge AI ICs continues to expand, meeting the sector’s need for reliable, on-site AI processing.

In healthcare, Edge AI ICs enable real-time data processing in medical devices and wearable sensors, which is critical for continuous patient monitoring and diagnostics. Edge AI ICs in wearable devices can analyze biometric data immediately, providing alerts or adjustments in real time. This capability is crucial for monitoring patients with chronic conditions and improving emergency response times. The healthcare industry’s emphasis on rapid, on-device processing for improved patient outcomes drives the demand for Edge AI ICs, supporting growth as health-tech innovation continues.

Smart cities utilize Edge AI ICs to manage traffic, monitor air quality, and enhance public safety through real-time data processing. These ICs allow municipalities to operate infrastructure more efficiently by reducing data transfer to the cloud and supporting local decision-making. Applications in surveillance, environmental monitoring, and public services leverage Edge AI to provide immediate responses to urban challenges. As cities adopt smart technologies to improve urban life, the demand for Edge AI ICs in managing these systems grows, establishing their role in building sustainable, responsive cities.

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EDGE AI ICs MARKET:

Regional growth in the Edge AI ICs market is shaped by technology adoption rates, infrastructure development, and industrial demands. North America and Europe lead in market share due to advancements in automotive, healthcare, and smart city projects. Asia-Pacific shows strong growth potential, driven by increased manufacturing, urbanization, and government support for AI initiatives. The Middle East and Africa are emerging markets with significant interest in deploying Edge AI for infrastructure and smart city applications. Each region’s unique needs contribute to the global expansion of the Edge AI ICs market, with regional investments supporting localized, on-device processing solutions tailored to industry requirements.

Key Companies:

Ingenic SemiconductorOmniVisionAmlogicHailoKneronTexas InstrumentsNXPSTMicroelectronicsQualcommGoogleAMD (Xilinx)IntelNVidiaCorerainBlack Sesame TechnologiesHorizon RoboticsCambriconHisiliconAmbarellaFuzhou Rockchip Electronics

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

–  The global Edge AI Software market was valued at USD 931.5 Million in 2022 and is anticipated to reach USD 3519.4 Million by 2029, witnessing a CAGR of 24.8% during the forecast period 2023-2029.

–  Edge AI Computing Chips Market

–  Edge AI Box market was valued at USD 806 Million in 2023 and is anticipated to reach USD 1374.5 Million by 2030, witnessing a CAGR of 7.9% during the forecast period 2024-2030.

–  Edge AI Chips Market

–  AI over Edge Computing Market

–  Realtime Edge AI based Camera Market

–  IIoT Edge Computing Market

–  AI Intelligent Edge Computing Boxes Market

–  AI Server market is projected to grow from USD 31720 Million in 2024 to USD 78810 Million by 2030, at a Compound Annual Growth Rate (CAGR) of 16.4% during the forecast period.

–  Edge Processor Market

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American Battery Solutions Powers Marine Travelift’s New Electric Series Boat Hoists

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LAKE ORION, Mich., Nov. 25, 2024 /PRNewswire/ — American Battery Solutions (ABS) has partnered with Marine Travelift to design, develop and manufacture the advanced battery technology powering its new Electric Series boat hoists. The 50BFMII (50MT capacity boat hoist) combines the innovation of ABS’ electrification and the world-class functionality of Marine Travelift.

“American Battery Solutions is committed to delivering electrification solutions that are not only technologically innovative, but also exceed their expectations for quality, performance and operational efficiency,” said Subhash Dhar, Chairman and CEO of ABS. “The launch of Marine Travelift’s new E-Series is a testament to the power of collaboration and reflects our shared dedication to innovation and sustainability.”

The Marine Travelift E-Series hoist is powered by ABS’ 700-volt battery system manufactured and assembled in the U.S., which supplies power to the hoist’s hydraulic functions, delivering the optimal performance of traditional hoists without the emissions of a diesel engine.

The battery system powering the E-Series utilizes scalable DC fast-charging interfaces from on-road electric vehicles to safely charge the batteries and a full charge can be accomplished in an 8-hour period with the recommended 30kW high-speed smart charger.

All features available on Marine Travelift’s diesel-powered boat hoists are also available in the new E-Series. The first E-Series machine is equipped with options such as electronic all-wheel steering, five-foot top beam extension, work/drive lights and 2-speed hoists to ensure the correct power requirement was chosen to accommodate all option configurations.

The E-Series machines utilize multiple layers of safety features from the moment the machine powered on, including high-voltage junction boxes, isolation monitor, fuses and grounding straps to ensure the operator and batteries are kept safe during every phase of operation. The batteries and electric motor are both regulated by a glycol cooling system to maintain a safe operating temperature in various conditions.

Visit marinetravelift.com to see how the new E-Series is revolutionizing the future of clean, efficient boat hoisting. To learn more about the battery system behind it, contact the experts at ABS.

About American Battery Solutions
American Battery Solutions (ABS) is a leader in designing, developing and manufacturing advanced battery systems for commercial, fleet, and industrial on- and off-road vehicles. A subsidiary of Komatsu America Corp., the Michigan-based manufacturer offers a comprehensive range of capabilities and services to support the development and production of lithium-ion battery systems at its headquarters and innovation center in Lake Orion, Michigan, and state-of-the-art battery manufacturing facility in Springboro, Ohio. From concept development and prototyping to validation and high-volume production, ABS works closely with customers to understand and deliver intelligent battery solutions assembled and manufactured in the USA to drive a sustainable and electrified future. Learn more at americanbatterysolutions.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/american-battery-solutions-powers-marine-travelifts-new-electric-series-boat-hoists-302314574.html

SOURCE American Battery Solutions

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CancerIQ Unveils New Patient Acquisition Solution at RSNA 2024

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Data shows CancerIQ Reach closes gap between eligibility and participation in payer-supported, standard and supplemental screenings, leads to early cancer diagnoses and promotes health system loyalty

CHICAGO, Nov. 25, 2024 /PRNewswire-PRWeb/ — CancerIQ, a best-in-class, cancer-focused precision health platform, today announced the launch of a new patient acquisition solution for imaging and oncology, CancerIQ Reach, at the Radiological Society of North America (RSNA) Annual Meeting in Chicago, December 1-4. The new solution ushers in a new era for population-based, personalized cancer prevention and early detection.

This approach is proven to increase patient acquisition for high-value service lines, like imaging and oncology.

CancerIQ Reach is a campaign-based marketing outreach solution that helps healthcare providers efficiently and accurately identify individuals in their communities with elevated cancer risk and motivate them to take action within the health system. It requires little to no IT lift or changes to existing workflows, and was developed based on CancerIQ’s decade-long experience working with patients and providers around the country.

“CancerIQ’s mission is to help every patient get ahead of cancer, but we recognize that precision prevention for all is a long-range goal — and there are high-risk patients in our communities who can’t afford to wait, ” said Feyi Ayodele, co-founder and CEO of CancerIQ. “CancerIQ Reach answers that urgent call, enabling health systems to take a precision approach to outreach and drive high-risk patients directly to the service lines that will support their care needs today, not someday in the future.”

CancerIQ Reach includes population segmentation tools and multichannel marketing toolkits that make it easy to engage target populations in online cancer risk assessment using personal and family medical history, as well as lifestyle factors; educate them about their risk and options for early detection; and drive them to follow payer-supported, standard and supplemental screening recommendations throughout their lives.

“We developed CancerIQ Reach with both the patient and the provider in mind,” said Laku Adedoyin, Chief Technology Officer of CancerIQ. “This patient-enabled approach empowers patients with the right amount of information to take action at the right moment in their care journey, while enabling staff to maximize appointment time around shared decision making, rather than data collection.”

This approach is proven to increase patient acquisition for high-value service lines, like imaging and oncology. For example, data from a pilot of CancerIQ Reach shows a campaign targeting patients with a history of smoking led to a 270% monthly increase in low-dose CT scans scheduled at the lung cancer screening clinic. Within the first two months of the campaign, four patients were diagnosed and successfully treated for Stage 1A lung cancer after LDCT screening. Further increasing systemwide value, the campaign led to a significant increase in referrals to radiology for breast MRIs, as well as several referrals to pulmonology and cardiology for follow-up care.

CancerIQ Reach is part of a broader solution for breast imaging and oncology that helps providers create and manage personalized, evidence-based care pathways over time based on comprehensive cancer risk, including genetic, hereditary, lifestyle, adherence risk factors.

CancerIQ Reach will be available on December 1, 2024.

Learn more about CancerIQ Reach at RSNA 2024

The launch of CancerIQ Reach coincides with RSNA 2024. Attendees can learn more about this offering by visiting the booth for iCAD, CancerIQ’s partner in AI-enabled mammography analysis and breast density assessment.

Exhibit Dates: December 1-4, 2024

Show Floor Hours: 10:00 AM-5:00 PM CST

Booth: 4747

About CancerIQ

CancerIQ is the only cancer-focused precision health platform that empowers healthcare providers to detect cancer earlier and prevent it altogether across all patient populations. Integrated directly into real-time EHR workflows, CancerIQ makes it easy to gather comprehensive patient data, automatically map it to the latest evidence-based guidelines, and expand access to personalized care plans, cutting-edge clinical solutions, and genomic innovations. CancerIQ co-founder and CEO Feyi Ayodele was recently named a Modern Healthcare Innovator for pioneering this transformative approach to cancer prevention, early detection and treatment. Learn more at canceriq.com, follow CancerIQ on X or LinkedIn.

Contact

Press, CancerIQ, (516) 503-8610, marketing@canceriq.com

Media Contact

Malvina Kefalas, CancerIQ, 1 5165038610, mkefalas@canceriq.comwww.canceriq.com/reach

Twitter, LinkedIn

View original content:https://www.prweb.com/releases/canceriq-unveils-new-patient-acquisition-solution-at-rsna-2024-302315088.html

SOURCE CancerIQ

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Technology

CORERO NETWORK SECURITY TAPS INDUSTRY VETERAN JUDSON THUERK TO LEAD CHANNEL STRATEGY IN THE AMERICAS

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MARLBOROUGH, Mass., Nov. 25, 2024 /PRNewswire/ — Corero Network Security (AIM: CNS) (OTCQX: DDOSF), the distributed denial of service (DDoS) protection specialists, announces the addition of Judson Thuerk to the Channel and Alliances Team as the Channel Manager for the Americas.

“I am very excited to join Corero, especially at such a pivotal, high-growth moment. The company is clearly poised to become the de facto global leader in safeguarding critical infrastructure against evolving DDoS threats. Trusted partnerships are increasingly essential in today’s evolving cybersecurity landscape and Corero’s partners can expect my relentless commitment to driving mutual growth,” says Thuerk.

Thuerk is a veteran technology sales leader with more than 40 years of experience driving innovative go-to-market strategies and execution at companies such as Xerox, Digital Equipment Corp., Comdisco Disaster Recovery Services, Sungard, Symantec, EMC, Dell, and VMware. He most recently served in a client management role at Lydonia Technologies, a robotic processing automation and data-pipelining services firm.

“Jud’s success developing customer-first relationships that deliver positive business outcomes will bring immediate value to our trusted channel partners. We are thrilled to have him join the Corero team,” says Corey Still, Vice President, Strategic Alliances at Corero Network Security.

To learn more about Corero Network Security’s partner program or to become a partner, please visit https://www.corero.com/partners/.

About Corero Network Security
Corero Network Security is a leading provider of DDoS protection solutions, specializing in automatic detection and protection solutions with network visibility, analytics, and reporting tools. Corero’s technology protects against external and internal DDoS threats in complex edge and subscriber environments, ensuring internet service availability. With operational centers in Marlborough, Massachusetts, USA, and Edinburgh, UK, Corero is headquartered in London and listed on the London Stock Exchange’s AIM market (ticker: CNS) and the US OTCQX Market (OTCQX: DDOSF). 

For more information, visit www.corero.com, and follow us on LinkedIn and X.

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SOURCE Corero Network Security

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