Technology
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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2 months agoon
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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.
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– 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.
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– 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.
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Technology
Clinisys continues expansion of India operations; moves to larger office space in Bengaluru
Published
35 minutes agoon
January 16, 2025By
Clinisys, a global provider of laboratory informatics software, announces opening of its new office space at RMZ Ecoworld, Bengaluru’s landmark business park. The move aligns with the organization’s commitment to expand its employee base in the region.
BENGALURU, India, Jan. 16, 2025 /PRNewswire/ — Clinisys, a leading global provider of intelligent diagnostic informatics solutions, announces the opening of its new office space in Bengaluru. The new office, located at Bengaluru’s premium IT business park, RMZ Ecoworld at Bellandur, covers a sprawling 35,000 sq. ft. area. The LEED certified, state-of-the-art office offers a seating capacity of approximately 300 people, modern amenities and a great location advantage.
The move reaffirms the organization’s continued commitment to develop and expand its India operations. Over the last two years, Clinisys has consistently ramped up its hiring in India by over 50%. The organization currently has a strong team of 480+ professionals based in India working as part of its global technology team to support its 4,000+ lab customers around the world.
“As the global leader in lab informatics, with over 45 years of domain experience, Clinisys has a clear strategy to create and deliver the next evolution of cloud-based laboratory solutions. Clinisys operates in over 39 countries, with over 700 engineers working from 12 countries. Our India team adds exceptional, highly skilled tech talent to our workforce and is crucial to helping us deliver our plans at the appropriate velocity and scale,” said Clinisys CEO, Michael Simpson. “As we continue to pursue excellence in developing both our world class solutions and our industry expertise, expanding our India operations was an obvious decision for us.”
The new Clinisys office space has been designed with elegant interiors and modern seating arrangements, offering dedicated space for group huddles, meetings, collaboration and relaxed work areas.
“The new office space is a representation of our aspiration to lead the laboratory informatics marketplace with cutting edge software advancements and top technical talent. It aligns with the organization’s aim to attract the best talent, develop industry leading experts and create a sustainable environment for our multi-generational and growing employee base in India,” said Karthik Reddy, Vice President, Clinisys India. “As we look to the future, we will continue to harness the excellent technological skillset available in the region and grow our capabilities in developing future-proof diagnostic solutions across multiple industry sectors.”
In 2024, Clinisys added 225 talented professionals to our workforce in India growing our global technology team to 1,450+ professionals. As a prelude to the office expansion, and a demonstration of Clinisys’ commitment to supporting their growing team in India, Clinisys also recently celebrated the first ever India Integration Day event, bringing together more than 400 employees from all over India for three days of team building and colleague engagement activities at an exotic luxury destination in Goa.
Clinisys continues to develop and deliver the next evolution of laboratory informatics across healthcare, contract services, public health and safety, environment, water quality, food and beverage, and crop sciences, helping laboratories accelerate productivity and quality and to future-proof their businesses. As part of the Clinisys strategy, the team is also working to expand its support into life sciences and pharma laboratories.
As an organization, Clinisys is committed to provide an inspiring, trusted work environment that empowers professionals to optimize their talent and achieve excellence. The Clinisys Human Resources team is committed to creating a culture that provides the right opportunities for growth, recognizes and acknowledges employee contributions and maintains a transparent, collaborative workspace.
In India, the organization has 480+ employees working from its Bengaluru and Kolkata offices. The multi-generational team in India works across various functions including product management, product development and client experience domains.
Established in 1979, Clinisys has more than 1450 employees working to supports its customers across the world.
About Clinisys
Clinisys enables healthier and safer communities as a global provider of intelligent diagnostic informatics solutions and expertise that redefine the modern laboratory across healthcare, life sciences, public health and safety. Millions of laboratory results and data insights are generated every day using Clinisys’ platform and cloud-based solutions in over 4,000 laboratories across 39 countries.
To learn more, visit: www.clinisys.com.
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Technology
5G Testing Equipment Market size to increase by USD 605.76 Million between 2023 to 2028, Market Segmentation by Application, End-user, Geography, TESTING , Technavio
Published
35 minutes agoon
January 16, 2025By
NEW YORK, Jan. 15, 2025 /PRNewswire/ — The global 5g testing equipment market size is estimated to grow by USD 605.76 million from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of almost 8.43% during the forecast period. The report provides a comprehensive forecast of key segments below-
Segmentation Overview
Application 1.1 Oscilloscopes1.2 Signal analyzers1.3 Signal generators1.4 Network analyzers1.5 OthersEnd-user 2.1 Telecom equipment manufacturers2.2 Original device manufacturers2.3 Telecom service providersGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South AmericaCountry
US, Canada, China, South Korea, and GermanyTESTING 4.1
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1.1 Fastest growing segment:
The oscilloscopes segment holds a dominant position in the global 5G testing equipment market in 2023, accounting for the largest share. Oscilloscopes are essential tools used to analyze electronic signals by displaying their waveforms as a function of time. These devices measure and analyze properties such as amplitude, rise time, frequency, time interval, and distortion. Digital oscilloscopes, which are commonly used in 5G testing, employ an analog-to-digital converter (ADC) to measure 5G signals. Attenuators and vertical amplifiers are utilized before the ADC to scale the waveform. Digital oscilloscopes also offer automated incident capturing and storing facilities, enabling a better understanding of component and signal issues. With the anticipated increase in 5G traffic, oscilloscopes supporting higher bandwidth applications will be in high demand among electronics manufacturers. In response, market players, such as Anritsu Corp. And Tektronix Inc., are introducing advanced oscilloscopes to cater to this need. For instance, Anritsu’s BERTWave MP2110A oscilloscope supports 53-Gbaud pulse amplitude modulation (PAM) signals for 5G network and device testing. Tektronix’s new 2 Series MSO is a portable, lightweight oscilloscope designed for both laboratory and field use. The launch of such advanced oscilloscopes and the rising demand from industries like communication, electronics, semiconductors, and others will fuel the growth of the oscilloscopes segment in the global 5G testing equipment market.
Analyst Review
The 5G testing equipment market is experiencing significant growth due to the widespread deployment of 5G technology and the increasing demand for high-speed, low-latency connectivity. 5G testing equipment is essential for ensuring the efficient and effective operation of 5G device infrastructure, including electric signals, spectrums, and bandwidth. With the increasing number of connected devices, from IoT sensors to large data centers, automobiles, entertainment systems, healthcare equipment, and security systems, the need for reliable and user-oriented 5G networks is more important than ever. 5G testing equipment plays a crucial role in optimizing network performance, addressing issues such as base station placement, antenna design, and network equipment configuration. Specialized testing equipment, including spectrum analyzers, signal generators, and channel emulators, are used to ensure the high connectivity, quick communication, and low latency required for various applications, from emergency services to entertainment and beyond. As 5G networks become increasingly complex, optimization and testing will remain critical to ensuring the network’s reliability, efficiency, and ability to meet the demands of users and industries alike.
Market Overview
The 5G testing equipment market is witnessing significant growth due to the widespread deployment of 5G device infrastructure and the increasing demand for high connectivity, low latency, and quick communication. Electric signals and spectrums are crucial elements in 5G testing, with an emphasis on securing sufficient bandwidth for device efficiency. The network’s ability to support IoT, connected devices, large data centers, automobiles, entertainment, healthcare, security, and other user-oriented applications is essential. 5G testing equipment includes specialized tools for 5G device capabilities, data transfer, and mobile communications. These tools include oscilloscopes, signal generators, and spectrum analyzers. Massive MIMO, mmWave, Channel Sounding, and reprogrammable instrument tools are essential for addressing 5G challenges such as prototyping and optimizing performance. The 5G testing market caters to IDMs and ODMs, network operators, and service providers. Test programs for 5G traffic, base stations, antennas, network equipment, and specialized testing equipment are critical for addressing performance issues and ensuring network optimization. 5G testing equipment is also vital for the deployment of advanced multimedia applications, millimeter wave usage, multimode integration, beamforming, and testing processes. Testing costs are a concern, and software-defined testing and a software-defined approach are gaining popularity. The 5G testing market is also impacted by challenges such as the digital divide, facilities and services, and the need for secure wireless connections. The market is expected to grow significantly as 5G becomes more widespread for smart city purposes, digitalization, and mobile communications. Data traffic, enterprises, and consumer electronic devices are significant end-users of 5G testing equipment. The market is also driven by the growing demand for autonomous vehicles, connected car applications, intelligent transportation systems, public safety applications, energy management, and heterogeneous architecture with multiple frequency bands and small cells. Signal propagation, interference, and antenna design are critical considerations in 5G testing.
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Key Topics Covered:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Venodr Landscape
11 Vendor Analysis
AccedianAccuverAnokiwave, Inc.AnritsuAritza Networks, Inc.Cohu, Inc.Consultix WirelessEmiteExfo, Inc.Gao Tek & GAO Group, IncGI Communications, Inc.Innowireless Co Ltd.Keysight TechnologiesMacomMarvin Test Solutions, Inc.National Instruments Corp.Pctel, Inc.Rohde & SchwarzSimnovusSpirent Communications
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio
Technology
Printers Market , 52% of Growth to Originate from APAC, Technavio
Published
2 hours agoon
January 16, 2025By
NEW YORK, Jan. 15, 2025 /PRNewswire/ — The global printers market size is estimated to grow by USD 10.65 billion from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of 3.46% during the forecast period.
For comprehensive forecast and historic data on regions,market segments, customer landscape, and companies- Click for the snapshot of this report
Report Attribute
Details
Base Year
2023
Forecast period
2024-2028
Historic Data for
2018 – 2022
Segments Covered
Technology (Laser, Inkjet, and Others), Type (Multifunction printers and Single function printers), Geography (APAC, Europe, North America, South America, and Middle East and Africa), Connectivity (), and Output ()
Key Companies Covered
Bixolon Co. Ltd., Brady Corp., Brother Industries Ltd., Canon Inc., Citizen Systems Europe GmbH, Dell Technologies Inc., Fujitsu Ltd., Honeywell International Inc., HP Inc., Konica Minolta Inc., Lenovo Group Ltd., Lexmark International Inc., Ninestar Co. Ltd., Oki Electric Industry Co. Ltd., Panasonic Holdings Corp., Redington India Ltd., Ricoh Co. Ltd., Riso Kagaku Corp, Seiko Epson Corp., Sharp Corp., Toshiba Corp., Xerox Holdings Corp., Zebra Technologies Corp., and KYOCERA Corp.
Regions Covered
APAC, Europe, North America, South America, and Middle East and Africa
Region Outlook
North AmericaEuropeAsiaRest of World
1. APAC – APAC is estimated to contribute 52%. To the growth of the global market. The Printers Market report forecasts market growth by revenue at global, regional & country levels from 2017 to 2027.
The Asia-Pacific (APAC) region is projected to be a lucrative market for printer manufacturers due to the widespread adoption of automation and the emphasis on operational efficiency in various industries and verticals. Key factors driving the printer market in APAC include the proliferation of automation and the increasing demand for productivity and business process optimization. This region consists of developed economies, such as South Korea, Japan, and Singapore, as well as developing countries, including China, India, Malaysia, Vietnam, the Philippines, and Indonesia. Major printer manufacturers, such as Ricoh Co. Ltd., Konica Minolta Inc., Kyocera Corp., Epson, and Sharp Corp., are based in APAC, contributing significantly to the market growth.
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Segmentation Overview
Technology 1.1 Laser1.2 Inkjet1.3 OthersType 2.1 Multifunction printers2.2 Single function printersGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and AfricaConnectivity 4.1Output 5.1
1.1 Fastest growing segment:
Laser printing is a popular technology in the printing industry, utilizing electrophotography or electrostatic charges for image production. In this process, a laser beam is used to induce charges, enabling precise printing. Laser printing caters to various applications, including variable data and wide-format printing. Compared to inkjet and LED printing, laser printing boasts advantages such as speed and precision. Laser printers are more expensive upfront but offer lower running costs due to their use of dry ink. Primarily used in offices, laser printers have gained popularity among enterprises due to their accuracy and efficiency. In January 2021, Ninestar Co. Ltd., a leading laser printer and toner cartridge manufacturer, introduced its Elite Series, consisting of six laser printer models. Key growth factors include the emergence of compact laser printers, increasing demand for A4 and A3 laser multifunction printers from enterprises, and declining laser printer prices. However, the emergence of ink tank printers may hinder growth during the forecast period. Despite this, the demand for laser printing technology is expected to remain steady due to enterprise demand for laser multifunction printers.
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Research Analysis
The printing market encompasses a wide range of printers designed for various applications, from A4 office printers to large-format packaging printers. Mobile printing technology enables users to print from their smartphones and tablets, making printing more convenient than ever. Color printing has become the norm, with inkjet and solvent ink printers leading the charge. The ecosystem of inks and software plays a crucial role in delivering high-quality prints. Printers have evolved into electronic tools, capable of processing text and images from computers and other devices via data cables, USB, short-range radio, or Bluetooth. The hardware and output technology behind these devices transform electronic data into tangible documents and photos, making them essential computer peripherals for both personal and professional use.
Market Overview
The printing market encompasses a wide range of printers and printing technologies, including mobile printing, color printing, packaging printing, and analog and digital printing. Entry-level products like A4 printers cater to individual consumers, while businesses rely on multi-functional printers, copiers, and multifunctional systems. Inkjet printing uses various types of inks such as solvent, water-based, UV-based, LED, and UV-cured inks, while toner is used in laser printers. Cloud-based computing and software ecosystems facilitate digital integration, enabling users to print from various devices like computers, smartphones, and tablets. Ink cost is a significant factor, with inkjet printer cartridges available in various sizes and ink subscriptions offering cost savings. Environmental concerns include the use of heavy metals and energy consumption, as well as the environmental impact of printing processes and carbon emissions contributing to climate change. Companies are addressing these issues through the use of eco-friendly materials like ocean-bound plastic and ink tanks that reduce waste. Security features, such as encryption and access control, are increasingly important for both residential and commercial printers, especially in the context of managed print services and digital integration with platforms like Dropbox and Google Drive. The global printer market includes various types of printers, including ink tank printers, monochrome and color printers, wired and wireless printers, and standalone printers or MFPs.
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Key Topics Covered:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Venodr Landscape
11 Vendor Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
View original content to download multimedia:https://www.prnewswire.com/news-releases/printers-market–52-of-growth-to-originate-from-apac-technavio-302351742.html
SOURCE Technavio
Clinisys continues expansion of India operations; moves to larger office space in Bengaluru
5G Testing Equipment Market size to increase by USD 605.76 Million between 2023 to 2028, Market Segmentation by Application, End-user, Geography, TESTING , Technavio
Printers Market , 52% of Growth to Originate from APAC, Technavio
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