About Edge AI Hardware -
The edge AI hardware is a set of devices and equipment that are used to process and power artificial intelligent-based robots and devices. These devices and equipment are used to integrate and improve the processing of artificial intelligence devices by processing the data in the device itself. Edge AI can run on a wide range of hardware platforms from normal MCU to advanced neural processing devices. IoT devices and machines are examples of Edge AI hardware devices. Edge AI-connected devices use embedded algorithms to monitor device behavior and to collect and process the device data. The devices will make decisions, automatically correct the problems and make future performance predictions. This is all executed without human involvement.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Edge AI Hardware market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Edge AI Hardware market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Edge AI Hardware - market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Apple (United States), MediaTek (Taiwan), Qualcomm Technologies (United States), Huawei Technologies (China), Samsung Electronics (South Korea), Nvidia (United States), Intel (United States), Alphabet (United States), IBM (United States), Amazon (United States) and AMD (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Xilinx Inc. (United States), Packard Enterprise (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Edge AI Hardware - market by and Region.
On the basis of geography, the market of Edge AI Hardware - has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Device, the sub-segment i.e. Smartphones will boost the Edge AI Hardware - market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Process, the sub-segment i.e. Training will boost the Edge AI Hardware - market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. -Processor (CPU, GPU, ASIC, FPGA, Others) will boost the Edge AI Hardware - market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Consumer Electronics will boost the Edge AI Hardware - market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The increasing demand for real-time processing and analysis of data. and Studying high-growth like shipping and transportation, block chain, energy, and sustainability.
Market Growth Drivers:
Increasing Penetration of AI in Edge Devices and Increasing Demand for Smart Homes and Smart Cities
Challenges:
Personal data security issue are projected to slow industry expansion.
Restraints:
Security Concerns Related to Edge AI Devices
Opportunities:
Expansion in emerging countries. and Growing demand for IoT based edge computing solutions.
Market Leaders and their expansionary development strategies
In August 2023, Sidus Space, a satellite manufacturing and space services company, announces its strategic acquisition of Exo-Space, a cutting-edge California-based firm specializing in Edge Artificial Intelligence (AI) software and hardware for space applications. This transaction signals Sidus's determination to tap into the growing AI sector and expand its offerings in the Earth and Space Observations services market.
In July 2023, STMicroelectronics launched its comprehensive ecosystem offer for companies to transform their products with edge AI. The announcement of the ST Edge AI Suite, an integrated set of software tools free-to-use with ST hardware, takes the offer to customers one step further, enabling them to jumpstart the design and deployment of billions of connected, autonomous things embedding artificial intelligence locally.
Key Target Audience
Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.