The Reliable Edge AI Hardware Market report is an insightful and actionable market report which is always in demand by the businesses for the growth and success. It becomes easy to analyse the actions of key players and its effect on the sales, import, export, revenue and CAGR values with this market report. Overview of the market is analysed with respect to market players in the form of customers, businesses or clients. Here, market report presents the company profile, product specifications, capacity, production value, and 2022-2029 market shares for each company. Clients can explore new possibilities which are made feasible with the superior research methodologies, research tools and rich experiences.
Edge AI Hardware Market research report is generated by using integrated approaches and latest technology for the best results. Proficient capabilities and excellent resources in research, data collection, development, consulting, evaluation, compliance and regulatory services come together to generate this world-class market research report. If the business is hunting to gain competitive advantage in this swiftly transforming marketplace, then plumping for this market report is highly recommended as it gives lot of benefits for a thriving business. It provides the supreme base for the competitor analysis, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market and this industry.
Global Edge Artificial Intelligence (AI) Hardware Market was valued at USD 744.03 million in 2021 and is expected to reach USD 4030.32 million by 2029, registering a CAGR of 20.65% during the forecast period of 2022-2029. Consumer Electronics account for the largest end user industry segment in the respective market owing to the rising consumer spending and demand for consumer electronics. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Edge Artificial Intelligence (AI) Hardware Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Rise in Awareness regarding Artificial Intelligence (AI)
The increase in awareness regarding the incorporation of artificial intelligence (AI) into business processes among enterprises acts as one of the major factors driving the edge artificial intelligence (AI) hardware market. This technology enhances operational efficiency while reducing cost through automation of process flows.
- Emergence of AI Coprocessors
The rise in the emergence of AI coprocessors for edge computing along with increase in IoT application by various end user industries such as consumer electronics, and automotive, among others accelerate the market growth.
- Increase in Number of AI Devices
The surge in the number of edge AI devices across businesses across the globe to decline operational costs in critical cases further influence the market. The increase in demand for edge artificial intelligence (AI) hardware to perform AI inference without having to transfer the data assist in the expansion of the market.
Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the edge artificial intelligence (AI) hardware market.
Opportunities
Furthermore, dedicated AI processors for on-device image analytics and emergence of the 5G network to bring IT and telecom together extend profitable opportunities to the market players in the forecast period of 2022 to 2029. The increase in demand for edge computing in IoT will further expand the market.
Restraints/Challenges
On the other hand, limited on-device training and limited number of AI experts are expected to obstruct market growth. Also, high power consumption and size constraint, and issues with optimization of edge AI standards are projected to challenge the edge artificial intelligence (AI) hardware market in the forecast period of 2022-2029.
Recent Developments
- Intel unveiled its 3rd Gen Intel Xeon Scalable processor in April’2021. This processor aims to provide a balanced architecture with built-in artificial intelligence, advanced security capabilities and crypto acceleration.
- Hyundai Motor joined hands with NVIDIA in November’2020 to utilize NVIDIA DRIVE infotainment and AI platforms for its future Kia, Hyundai, and Genesis models.
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Leading Key Players Operating in the Edge AI Hardware Market Includes:
Cisco (US), IBM (US), Intel Corporation (US), SAMSUNG (South Korea), Google (US), Microsoft (US), Micron Technology, Inc (US), NVIDIA Corporation (US), Oracle (US), Arm Limited (UK), Xilinx (US), Advanced Micro Devices, Inc (US), Dell (US), Hewlett Packard Enterprises Development LP (US), Habana Labs Ltd (US), Facebook, Inc (US), Synopsys, Inc (US), Nutanix (US), Pure Storage, Inc (US), Amazon Web Services, Inc (US), among others
Edge AI Hardware Market Segmentations:
Device
- Smartphones
- Cameras
- Robots
- Wearable
- Smart Speaker
- Automotive Smart Mirror
Processors
- Central Processing Unit (CPU)
- Graphics Processing Unit (GPU)
- Application-Specific Integrated Circuit (ASIC)
- Others
Power Consumption
- Less than 1W
- 1-3W
- 3-5W
- 5-10W
- More than 10W
Process
- Training
- Inference
End User Industry
- Consumer Electronics
- Smartphones
- Wearable
- Entertainment Robots
- Smart Home
- Smart Speaker
- Smart Camera
- Domestic Robots
- Automotive and Transportation
- Automobile
- Surveillance Camera
- Logistics Robots
- Government
- Surveillance Cameras
- Drones
- Healthcare
- Medical Robots
- Wearable
- Industrial
- Industrial Robots
- Drones
- Cameras
- Aerospace and Defence
- Service Robots
- Construction
- Service Robots
- Drones
- Others
- Surveillance Camera
- Robots
- Wearable
- Smart Mirror
Edge AI Hardware Market by Region:
- North America (USA, Canada and Mexico)
- Europe (Germany, France, the United Kingdom, Netherlands, Russia, Italy and Rest of Europe)
- Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Colombia, rest of countries etc.)
- Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Nigeria and South Africa)
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Aims of the Edge AI Hardware study:
- Describe the Hottest Edge AI Hardware advancements, promote stocks, and strategies employed by most important players;
- Exploration over the areas which can be anticipated to Find that the quickest growing growth in the vaticination interval;
- To Rethink openings for stakeholders by relating high- growth parts of their Edge AI Hardware business;
- To determine and prognosticate the client participation results business, Edge AI Hardware assiduity measures, verticals, and dissect different macro-and microeconomic factors which affect request growth;
- To achieve home- grounded company decision and place on weight to Give and marketing material and Earn a competitive understanding of all Edge AI Hardware request- leading gamers;
- To outline crucial request players and give relative analysis grounded on business overviews, product immolations, indigenous presence, business programs, to Grasp the competitive arena;
- Exploration about the kind that’s anticipated to Regulate exactly the Edge AI Hardware
- Assessing an Multifariousness of perspectives with This request with the Help of both gatekeeper’s five forces disquisition;
- To track and examine competitive progress similar as Edge AI Hardware combinations & accessions, agreements & contracts
Reasons to Buy:
- Understand the current and future competitive scenario across types, countries, and applications
- Get Accurate, up-to-date analysis of Edge AI Hardware markets and companies
- Use reliable information and analysis to gain a deeper understanding of the current factors impacting the industry
- Develop sustainable strategies based on the latest trends, dynamics, and developments
- Optimize product portfolios and capture a larger share in the industry through company analysis
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