Edge AI Hardware Market Share, Size, Trends, Industry Analysis Report, By Device; By Processor (CPU, GPU, ASIC, Others); By Function; By Vertical; By Region; Segment Forecast, 2023 - 2032

Edge AI Hardware Market Share, Size, Trends, Industry Analysis Report, By Device; By Processor (CPU, GPU, ASIC, Others); By Function; By Vertical; By Region; Segment Forecast, 2023 - 2032

The global edge AI hardware market size is expected treach USD 7,977.31 million by 2032, according ta new study by Polaris Market Research. The report “Edge AI Hardware Market Share, Size, Trends, Industry Analysis Report, By Device; By Processor (CPU, GPU, ASIC, Others); By Function; By Vertical; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight intcurrent market dynamics and provides analysis on future market growth.

Increasing demand for AI-enabled products and services, high growth of edge computing in IoT sector, prevalence for self-driving cars, and real-time decision-making machines introduction are major factors towards the significant growth of the global market.

Moreover, growing use of edge AI hardware in the robust analytics and trend of compressing variety of large AI models intsmall hardware forms along with the extensive rise in government funding and strong technical base presence especially in developed countries like United States and Germany are likely tcreate new growth potential for the market.

For instance, in January 2023, Perceive AI, unveiled its new Edge AI Chip named Ergo2, that offer low power, low cost, and high performance. Company said that the new chip will be four time faster than the Perceive’s fisrt-generation Ergchip, and would be able thandle much larger models including NLP.

Moreover, with the extensive growth of Internet of Things and mobile computing applications, billions of IoT and mobile devices are being connected tthe internet that generates massive amount of data at the network edge. Thus, the massive volumes of data in the cloud data centers results in high latency and network bandwidth usage. Which in turn, propelling the need for pushing artificial intelligence tthe network edge teffectively unleash the growing potential of big data.

Edge AI Hardware Market Report Highlights

Smartphones segment accounted highest market share in 2022 owing tthe proliferation for advanced features in smartphones and high adoption of innovated processors

Training segment held the majority market share in 2022, on account of its ability tenable machines performing tasks like humans and processing large data very quickly

Consumer electronics segment dominated the global market, which is mainly driven by higher integration of advanced AI technology in numerous applications due tits innovated capabilities

Asia Pacific region is expected twitness highest growth rate during the forecast period on account of the widespread presence of manufacturing companies and higher spending on technological advancements in countries like India and China

The global key market players include Apple Inc., Huawei Technologies, Samsung Electronics, Cambricon Technologies, and Qualcomm Technologies

Polaris Market Research has segmented the edge AI software market report based on device, function, vertical, and region:

Edge AI Hardware, Device Outlook (Revenue - USD Million, 2019 - 2032)

Smartphones

Surveillance Cameras

Robots

Wearables

Edge Servers

Smart Speakers

Automotive

Smart Mirrors

Edge AI Hardware, Processor Outlook (Revenue - USD Million, 2019 - 2032)

CPU

GPU

ASIC

Others

Edge AI Hardware, Function Outlook (Revenue - USD Million, 2019 - 2032)

Training

Inference

Edge AI Hardware, Vertical Outlook (Revenue - USD Million, 2019 - 2032)

Consumer Electronics

Smart Home

Automotive & Transportation

Government

Healthcare

Industrial

Aerospace & Defense

Construction

Others

Edge AI Hardware, Regional Outlook (Revenue - USD Million, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa