The global edge AI hardware market was value at ~$6.85 billion in 2020. The market is forecast to grow at a CAGR of ~18.5% during the forecast period from 2021-2027.
An Edge Al device is an advanced form of system that processes and powers artificial intelligence-based robots and devices. Data processing is possible in this equipment by integrating artificial intelligence into it and improving its performance. In this case, cloud computing is not necessary. The device makes decisions on its own based on these factors. By using edge AI services, companies can move the workflow to the device, which reduces traveling time, supporting them in analyzing the data in less time or in real-time.
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Factors Affecting the Global Edge Al Device Market
- Growth is being driven by companies such as automotive and consumer electronics likely to embrace edge AI hardware and AI coprocessors for edge computing.
- A growing number of edge devices with low latency also boosts the market growth.
- The global edge AI hardware industry is severely restricted by several factors, such as power consumption and size.
- Artificial intelligence products and services are expected to rise in demand and adoption, creating lucrative opportunities for the market.
Covid-19 Impact on the Global Edge Al Hardware Market
- Covid-19 has caused considerable damage to the semiconductor and electronics industries. Due to an increase in the number of Covid-19 cases, businesses and factories across the world have closed. In addition, the partial or complete blockage of supply chains has posed challenges for manufacturers to reach their customers.
- A pandemic of Covid-19 is affecting the economy and society globally. In addition to affecting the business globally, this outbreak has a growing impact every day. Stock markets are experiencing a crisis that is causing uncertainty and causing business confidence to fall. Supply chains are slowing down rapidly, and customers have more panic.
- Shutting down manufacturing units has caused severe losses in business and revenue for Asian and European countries under lockdown. In addition to the impact of the Covid-19 disease, the industry operations of production and manufacturing industries are also adversely affected.
- Furthermore, the Covid-19 pandemic has adversely affected the electronics sector, as production facilities have stalled, which, in turn, has increased demand for electronic and semiconductor products. Its major impact includes an interruption in manufacturing throughout Europe and an interruption in Chinese parts exports, which may hinder the market growth.
Regional Outlook: The Global Edge Al Hardware Market
Due to the growing need for faster device processing, network congestion, and the rapid rise in edge AI adoption in the US and Canada, North America is predicted to dominate the edge AI hardware market share during the forecast period.
Consumer electronics and smart home applications use artificial intelligence, which drives the growth of this market. A strong technical base and rising government funding are driving this region’s market. In Asia-Pacific, there are major manufacturers and exporters of semiconductors, which may provide opportunities for the market to increase its growth.
Key Player: The Global Edge Al Hardware Market
The prominent key players in the global edge Al hardware market are:
- Google LLC (Alphabet Inc.)
- Apple Inc.
- Samsung Electronics Co. Ltd. (Samsung)
- Intel Corporation
- Huawei Technologies Co. Ltd.
- MediaTek Inc.
- Microsoft Corporation
- NVIDIA Corporation
- Qualcomm Technologies, Inc.
- International Business Machines Corporation (IBM)
Aim of the Report: The Global Edge Al Hardware Market
The global edge Al hardware market is segmented on the basis of Device Type, End-User, Component, Process, and Region.
Segmentation based on Device Type
- Smartphones
- Cameras
- Robots
- Wearables
- Smart Speaker
- Other
Segmentation based on End-User
- Consumer Electronics
- Smart Home
- Automotive
- Government
- Aerospace & Defense
- Healthcare
- Industrial
- Construction
- Others
Segmentation based on Component
- Processor
- CPU
- GPU
- ASIC
- FPGA
- Others
- Memory
- Sensor
- Others
Segmentation based on Process
- Training
- Inference
Segmentation based on Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content
Chapter 1: Global Edge AI Hardware Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Edge AI Hardware market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Edge AI Hardware Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Edge AI Hardware market Size Forecast (2023-2032).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Edge AI Hardware market revenues on a global, regional, and country level, projecting trends until 2032. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Edge AI Hardware market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Edge AI Hardware market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Edge AI Hardware business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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