Edge AI Hardware Market Grow with High CAGR By 2020 - 2023 | Industry Size, Share, Trends, Sales Revenue, Emerging Technologies, Sales Strategies And Top Companies Analysis

Edge AI Hardware Market - Overview

The use of AI in semiconductor operations is expected to motivate the fruitful development of the edge AI hardware market 2020. The insights into the semiconductors and electronics industry are advanced by Market Research Future, which concentrates on reports on industry verticals that review the market options for growth. A CAGR of 21.72 % is expected to unlock the growth capabilities of the edge AI hardware market in the coming period.

The use of edge AI hardware is motivated by its incorporation in the next generation of devices ranging from healthcare to agriculture is anticipated to make new opportunities for growth in the coming period. Moreover, the edge AI hardware market trends of virtual assistants running homes and the use of facial-recognition programs are a range of devices expected to motivate the progress of the market in the coming years.

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Key Players:

The formidable competitors in the edge AI hardware market are Samsung Electronics Co., Ltd. (South Korea), Google Inc. (US), Qualcomm (US), MediaTek Inc. (Taiwan), Intel Corporation (US), Xilinx Inc. (US), NVIDIA Corporation (US), and Microsoft Corporation (US).

Industry Updates:

Jan 2020 Synaptic has recently launched an AI-embedded platform called the Video Smart VS600 line of multimedia system on a chip (SoC) offerings with an NPU, CPU, and GPU.

Segmental Analysis

The examination of the segments in the edge AI hardware market is conducted on the basis of component, device, power consumption, vertical, and region. On the basis of component, the edge AI hardware market is segmented into GPU, CPU, ASIC, and others. Based on the device, the edge AI hardware market has been segmented into robot, camera, smartphone, automobile, wearables, smart speaker, and smart mirror. Based on the power consumption, the edge AI hardware market has been segmented into 3-5 W, 1-3 W, less than 1 W, 5-10 W, and more than 10 W. On the basis of vertical, the edge AI hardware market has been segmented into smart home, consumer electronics, government, construction, healthcare, aerospace & defense, automotive & transportation, and others.

Detailed Regional Analysis

The regional scrutiny of the edge AI hardware covers regions such as Europe, North America, Africa, Asia-Pacific, the Middle East, and Latin America. Among the regions considered, the North American region is likely to control the edge AI hardware market. The speedy implementation of edge AI in Canada and the US is directing to the development of the market. The AI is principally being used on smart home applications and consumer electronics. The APAC regional market is anticipated to advance at the maximum CAGR in the forecast period. Nations such as South Korea, China, and Taiwan are some of the principal producers and exporters of semiconductor products which are generating huge prospects for the progress of edge AI hardware market.

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Competitive Analysis

The regulations being put into operation by the government and trade specialists on the global level are indicative of the favorable they have on the international market development. The market is projected to acquire an increased momentum owing to the demand levels that are prevalent in the market. The stakeholders in the market are undertaking strategies that will accelerate and revitalize the growth of the market on a global scale. The revamping of the product range in the market is expected to open up new opportunities for advancement in the coming period. The development of assets of the supply chain is expected to set a favorable tone for the growth of the market in the forecast period. The diversification in inclinations of the consumers in the market is expected to boost the progress of the market in the forecast period. The innovation levels in the market are likely to rise in the coming years due to increased investment and availability of talent in the market.

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