Global Edge AI Hardware Market Segments 2024, Forecast To 2033
5 Mar, 2024
The edge AI hardware market surged from $6.64 billion in 2023 to $7.9 billion in 2024, exhibiting a 19.0% CAGR. Factors driving this growth include market education, IoT advancements, and privacy concerns. Forecasts project substantial growth to $16.58 billion in 2028 with a 20.4% CAGR. Advancements in hardware architecture, energy-efficient devices, and industry-specific solutions are key drivers, along with trends like AI model optimization and decentralized AI applications.
Global Edge AI Hardware Market Key Driver
The edge AI hardware market is set to grow with the rise in IoT applications. IoT apps, gathering data from over 10 billion devices in 2021, are predicted to exceed 25.4 billion by 2030. IoT devices connect to the internet 152,200 times per minute by 2025, driving the growth of the edge AI hardware market.
Get A Free Sample Of The Global Edge AI Hardware Market ReportGlobal Edge AI Hardware Market Segments
The edge ai hardware market covered in this report is segmented –
1) By Component: Processor, Memory, Sensor, Other Components
2) By Device Type: Smartphones, Cameras, Robots, Wearables, Smart Speaker, Other Device Types
3) By End User: Consumer Electronics, Smart Home, Automotive, Government, Aerospace and Defense, Healthcare, Industrial, Construction, Other End Users
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the edge AI hardware market in 2023. Asia-Pacific is expected to be the fastest-growing region in the edge AI hardware market during the forecast period. The regions covered in the edge ai hardware market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Edge AI Hardware Industry Players
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.; Arm Limited; ADLINK Technology Inc.; Alphabet Inc.; Amazon.com Inc.; Baidu Inc.; Rapp Motorenwerke company; Continental AG; Denso Corporation; Renesas Electronics Corporation; Infineon Technologies AG; KALRAY Corporation; Robert Bosch GmbH; Rockchip Electronics Co. Ltd.; NXP Semiconductors N.V.; ON Semiconductor Corporation; Oracle Corporation; STMicroelectronics N.V.
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AIOps Edge AI Hardware Market Overview
Edge AI hardware, often referred to as AI accelerators are used to accelerate deep learning inference on edge devices, making them a viable solution for many computation-intensive applications. The edge AI platform can run on a wide range of hardware platforms, from normal MCUs (microcontroller units) to advanced neural processors.
Edge AI Hardware Global Market Report 2023 provides data on the global edge ai hardware market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The edge ai hardware market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.