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IDTechEx market research report projects that the global AI chips market for edge devices will grow to US $ 22 billion by 2034 .

IDTechEx ’ s report AI Chips for Edge Applications 2024 – 2034 : Artificial Intelligence at the Edge analyses the key drivers for revenue growth in edge AI chips over the forecast period , – reviewing deployment within the key industry verticals of consumer electronics , industrial automation and automotive .

The report acknowledges AI has already seen significant adoption in smartphones , tablets , smart speakers , personal computers and televisions , with a projected increase in the rollout of AI chips to edge devices within the home in order to facilitate a local Internet of Things over the next few years being significant to the way people ’ s homes are structured and how they interact with their immediate surroundings .

In 2022 , approximately 1.2 billion smartphones were shipped globally , a decrease of around 10 % from the number of smartphones shipped in 2021 , which is evidence of the fact that smartphone saturation has occurred in numerous national markets ( where the onus to upgrade a smartphone every couple of years to the latest offering is not so keenly felt ).

As premium smartphones tend to almost entirely have AI acceleration incorporated into their chipsets now , it ‘ stands to reason ’ that the use of AI in smartphones will grow by volume compared to chipsets that do not incorporate AI coprocessing .

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