Edge AI Hardware Market Size Worth $7,977.31 Million By 2032 | CAGR: 21.4%

Edge AI Hardware Market Size Worth $7,977.31 Million By 2032 | CAGR: 21.4%

The global edge AI hardware market size is expected to reach USD 7,977.31 million by 2032, according to a 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 into current 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 into small 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 to create 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 Ergo chip, and would be able to handle much larger models including NLP.

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Moreover, with the extensive growth of Internet of Things and mobile computing applications, billions of IoT and mobile devices are being connected to the 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 to the network edge to effectively unleash the growing potential of big data.

Edge AI Hardware Market Report Highlights

  • Smartphones segment accounted highest market share in 2022 owing to the 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 to enable 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 to its innovated capabilities
  • Asia Pacific region is expected to witness 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