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Edge AI Hardware Market Analysis, Trends, Growth, Research And Forecast 2032
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The Business Research Company's Edge AI Hardware Global Market Report 2023 identifies the rise in IoT applications as the major driver for the edge AI hardware market's growth in the forecast period. IoT apps can gather data from throughout the factory floor and aggregate it to the network's edge, hence, a rise in IoT applications is expected to boost the edge AI hardware market.
The global edge AI hardware market size is expected to grow from $5.55 billion in 2022 to $6.64 billion in 2023 at a compound annual growth rate (CAGR) of 19.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global edge AI hardware market is expected to grow to $13.53 billion in 2027 at a CAGR of 19.5%.
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Major competitors in the edge AI hardware market are Apple Inc., MediaTek Inc., Qualcomm Technologies Inc., Huawei Technologies Co. Ltd., Samsung Electronics Co. Ltd., Intel Corporation, NVIDIA Corporation, International Business Machines Corporation, Google LLC, Microsoft Corporation, Advanced Micro Devices Inc., Imagination Technologies Limited, General Vision Inc., Adapteva Inc., and Arm Limited.
A key trend in the edge AI hardware market includes technological advancement. Major companies operating in the edge AI market are developing advanced technologies to strengthen their position in the market. For instance, in May 2022, Intel's Habana Labs, an Israel-based creator of AI processors, launched second-generation AI processors for training and inferencing. The unique feature of second-generation AI processors is to close a market gap by offering customers high-performance, high-efficiency deep learning to compute options for both training workloads and inference deployments in the data center. In addition, it also lowers the entry barrier to AI for businesses of all sizes, which is what makes it stand out from competing technology.
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The edge AI hardware market is segmented -
• By Device Type: Smartphones, Cameras, Robots, Wearables, Smart Speaker, Other Device Types
• By Component: Processor, Memory, Sensor, Other Components
• By End User: Consumer Electronics, Smart Home, Automotive, Government, Aerospace and Defense, Healthcare, Industrial, Construction, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the edge AI hardware market.
The Business Research Company's "Global Edge AI Hardware Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Edge AI Hardware Market Include:
1. Executive Summary
2. Edge AI Hardware Market Characteristics
3. Edge AI Hardware Market Trends And Strategies
4. Edge AI Hardware Market - Macro Economic Scenario
5. Edge AI Hardware Market Size And Growth
……
26. Africa Edge AI Hardware Market
27. Edge AI Hardware Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Edge AI Hardware Market
29. Edge AI Hardware Market Future Outlook and Potential Analysis
30. Appendix
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