Edge Artificial Intelligence (AI) Hardware Trends and Forecast
The future of the global edge artificial intelligence (AI) hardware market looks promising with opportunities in the consumer electronic, smartphone, wearable, entertainment robot, smart home, smart speaker, smart camera, and domestic robot markets. The global edge artificial intelligence (AI) hardware market is expected to reach an estimated $2.4 billion by 2030 with a CAGR of 18.7% from 2024 to 2030. The major drivers for this market are increase in businesses' understanding of the use of artificial intelligence (AI) in their operations, rising edge AI devices used by companies worldwide to reduce operating expenses in certain situations, as well as, increase in real-time low latency on edge devices.A more than 150-page report is developed to help in your business decisions.
Edge Artificial Intelligence (AI) Hardware by Segment
The study includes a forecast for the global edge artificial intelligence (AI) hardware by power consumption, processor, device, end use, and region.Edge Artificial Intelligence (AI) Hardware Market by Power Consumption [Shipment Analysis by Value from 2018 to 2030]:
- Less Than 1W
- 1-3W
- 3-5W
- 5-10W
- More Than 10W
Edge Artificial Intelligence (AI) Hardware Market by Processor [Shipment Analysis by Value from 2018 to 2030]:
- CPU
- GPU
- ASIC
- Others
Edge Artificial Intelligence (AI) Hardware Market by Device [Shipment Analysis by Value from 2018 to 2030]:
- Smartphones
- Surveillance Cameras
- Robots
- Wearables
- Edge Servers
- Smart Speakers
- Automotive
- Smart Mirrors
Edge Artificial Intelligence (AI) Hardware Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
- Consumer Electronics
- Smartphones
- Wearables
- Entertainment Robots
- Smart Home
- Smart Speakers
- Smart Cameras
- Domestic Robots
- Others
Edge Artificial Intelligence (AI) Hardware Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Edge Artificial Intelligence (AI) Hardware Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies edge artificial intelligence (AI) hardware companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the edge artificial intelligence (AI) hardware companies profiled in this report include:- Cisco
- IBM
- Intel
- SAMSUNG
- Microsoft
- Micron Technology
Edge Artificial Intelligence (AI) Hardware Market Insights
The publisher forecasts that 1-3W power consumption will remain the largest segment over the forecast period.Within this market, smartphones will remain the largest segment.
North America will remain the largest region over the forecast period due to notable AI technology suppliers are present in the area, as is the high adoption rate of AI-based servers.
Features of the Global Edge Artificial Intelligence (AI) Hardware Market
- Market Size Estimates: Edge artificial intelligence (AI) hardware market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Edge artificial intelligence (AI) hardware market size by power consumption, processor, device, end use, and region in terms of value ($B).
- Regional Analysis: Edge artificial intelligence (AI) hardware market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different power consumption, processor, device, end use, and regions for the edge artificial intelligence (AI) hardware market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the edge artificial intelligence (AI) hardware market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the edge artificial intelligence (AI) hardware market size?Answer: The global edge artificial intelligence (AI) hardware market is expected to reach an estimated $2.4 billion by 2030.
Q2. What is the growth forecast for edge artificial intelligence (AI) hardware market?
Answer: The global edge artificial intelligence (AI) hardware market is expected to grow with a CAGR of 18.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the edge artificial intelligence (AI) hardware market?
Answer: The major drivers for this market are increase in businesses' understanding of the use of artificial intelligence (AI) in their operations, rising edge AI devices used by companies worldwide to reduce operating expenses in certain situations, as well as, increase in real-time low latency on edge devices.
Q4. What are the major segments for edge artificial intelligence (AI) hardware market?
Answer: The future of the global edge artificial intelligence (AI) hardware market looks promising with opportunities in the consumer electronic, smartphone, wearable, entertainment robot, smart home, smart speaker, smart camera, and domestic robot markets.
Q5. Who are the key edge artificial intelligence (AI) hardware market companies?
Answer: Some of the key edge artificial intelligence (AI) hardware companies are as follows:
- Cisco
- IBM
- Intel
- SAMSUNG
- Microsoft
- Micron Technology
Answer: The publisher forecasts that 1-3W power consumption will remain the largest segment over the forecast period.
Q7. In edge artificial intelligence (AI) hardware market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to notable AI technology suppliers are present in the area, as is the high adoption rate of AI-based servers.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the edge artificial intelligence (AI) hardware market by power consumption (less than 1W, 1-3W, 3-5W, 5-10W, and more than 10w), processor (CPU, GPU, ASIC, and others), device (smartphones, surveillance cameras, robots, wearables, edge servers, smart speakers, automotive, and smart mirrors), end use (consumer electronics, smartphones, wearables, entertainment robots, smart home, smart speakers, smart cameras, domestic robots, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Edge Artificial Intelligence (AI) Hardware Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Cisco
- IBM
- Intel
- SAMSUNG
- Microsoft
- Micron Technology
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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