Edge AI hardware Market growth 2021-2027
New Study Reports ” Edge AI hardware Market growth 2021: Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast To 2027” has been Added on MarketResearchFuture.
Report Overview
The report on the Edge AI hardware Market growth provided based on the recent developments and data that has been collated from the previous year’s looks to provide a thorough understanding. The market overview provided in the initial section looks to provide the reader with adequate information regarding the product and services. It focuses on the market definition along with the product applications and end-user industries. The report covers a period spanning from 2021 to 2027. Competitive analysis and prominent industry trends have been included in the in-depth study provided in the main section of the report.
Market Dynamics
Factors affecting the Edge AI hardware Market growth have been studied in a detailed fashion to give a better understanding regarding the current status and the prospects. The various economic and demographic factors that influence the market have been presented in the study. The impact of important markers such as pricing, demand and supply, and population levels have been studied in this report. The forecast regarding the Edge AI hardware Market growth extending up to the year 2027 has been provided based on the conclusions from the aforementioned factors.
Edge AI hardware is a set of devices that are used to control and Power artificial intelligent-based devices and robots. To improve the processing of artificial intelligence devices, the Edge AI hardware is used. Edge AI hardware helps the artificial intelligence devices process the data in the devices themselves. The power of performing AI inference without having to transfer the data has created h huge demand for the edge AI hardware industry. With advanced technology, the uses of AI also increasing in devices and business. With the help of AI, industries can reduce their costs where accuracy is much required.
AI devices have created a huge demand in the last few years due to their constant connectivity with enhanced performance. Government organizations, industrial, real estate, automotive, transportation, healthcare, and manufacturing sectors using AI devices. The Edge AI hardware industry is expected to see huge growth with the adoption of advanced technology. AI devices provide great privacy and security services to companies, and they protect sensitive data with public cloud service providers. Edge AI handles the AI workflow in AI devices, and it reduces the data traveling time. This technology helps the companies to analyze the data in less time.
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The Edge AI hardware Market growth size is expected to grow 1,681.8 million units with a CAGR rate of 21.72% in the forecast period. One of the major reasons for Edge AI hardware Market growth growth is the utilization of artificial intelligence. Rapid growth in the numbers of computers and services is one of the influencing factors in the Edge AI hardware Market growth growth. Edge AI processing gives low latency, less time data analyzing advantage, and that’s why it is expected to grow more in the forecast period.
Key Players
The report has profiled some of the Important players prevalent in the global like – Intel Corporation (US), Samsung Electronics Co., Ltd. (South Korea), Google Inc. (US), NVIDIA Corporation (US), Qualcomm (US), MediaTek Inc. (Taiwan), Xilinx Inc. (US), and Microsoft Corporation (US). These players contribute a major share in the growth of Edge AI hardware Market growth. The other prominent companies in the Edge AI hardware Market growth include Huawei Technologies Co., Ltd. (China), Imagination Technologies Limited (UK), and Cambricon Technologies (China) among others and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Edge AI Hardware.
Market segmentation
The Edge AI hardware Market growth is segmented on the basis of component, device, process, Power consumption, and Vertical. Edge AI hardware industry component segment includes CPU, GPU, ASIC, and others. Among these, CPU is expected to dominate the Edge AI hardware Market growth in the forecast period. The device segment of the edge AI hardware industry includes smartphones, robots, smart speakers, automobiles, cameras, and smart mirrors. The smartphone is currently dominating the Edge AI hardware Market growth, and it will dominate in the future also. The power consumption segment of the market is divided into less than 1 W, 1-3 W, 3-5 W, 5-10 W, and more than 10 W. By process, the market is segmented into training and inference. By vertical, the market is divided into the smart home, government, healthcare, consumer electronics, construction, automotive & transportation, and others.
Regional overview
The major regions that are part of the edge AI hardware industry are Europe, North America, Asia Pacific, and other regions in the world. Currently, North America has the highest market size. The adoption of edge AI and AI devices in this region is boosting the Edge AI hardware Market growth size. The Asia Pacific is the fastest-growing region, and the AI hardware market size is expected to grow at the highest CAGR in the forecast period due to some of the largest manufacturers of semiconductors in this region. The adoption of artificial intelligence is growing in all the regions, and it will drive the Edge AI hardware Market growth growth.
Industry news
Just like other industries, covid-19 had affected the Edge AI hardware Market growth. Due to the lockdown all over the world, the production of products was at a halt. The edge AI hardware industry also went through the same. Less demand and supply impacted the Edge AI hardware Market growth trend. The key players are trying their best to grow the Edge AI hardware Market growth trend in this situation. After the covid-19, the Edge AI hardware Market growth trend is expected to grow more.
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Major Key Points from Table of Content:
1 Executive Summary
2 Market Introduction
2.1 Definition 15
2.2 Scope Of The Study 15
2.3 Market Structure 15
2.4 List Of Assumptions 16
3 Research Methodology
4 Market Dynamics
5 Global Edge AI hardware Market growth, By Component
Continued…
Our team is studying Covid-19 and its impact on various industry verticals and wherever required we will be considering Covid-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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