Innovations and Advancements in Edge AI Hardware to Propel Market to 2,716 Mn Units by 2027Posted by Vikas Gadiya on March 6th, 2023 According to the new market research report "Edge AI Hardware Market by Device, Processor(CPU, GPU, and ASIC), Function, Power Consumption( Less than 1 W, 1-3 W, 3-5 W, 5-10 W, and more than 10 W), Vertical and Geography - Global Forecast to 2027" The edge AI hardware market is projected to grow from 1,056 Million Units to reach 2,716 million units by 2027; it is expected to grow at a CAGR of 20.8% during the forecast period. • Informational PDF Brochure :-https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=158498281
Browse 142 market data Tables and 69 Figures spread through 244 Pages and in-depth TOC on "Edge AI Hardware Market and Geography - Global Forecast to 2027" Wearables in devices is expected to have highest CAGR during the forecast period The increasing use of wearables among consumers is becoming more common as people are shifting from conventional wearables to smart and sophisticated ones. This has opened a huge opportunity for the edge AI hardware market players. Smart wearables and health trackers could further accelerate the growth of the edge AI hardware market for wearables. The market for GPU is expected to grow with the highest CAGR during the forecast period. Constant research and development from companies such as NVIDIA and Intel to improve graphics quality, make it more user-friendly, and deploy computer vision algorithms is driving the market for GPU. For instance, NVIDIA introduced a new gaming GPU with Ampere architecture and 2nd generation of NVIDIA RTX™. Inference in function to have the largest market size during the forecast period. The development of low-power and high-performance processors and the increasing demand for IoT applications have led to a growing interest in edge AI. Reduction in latency as data does not need to be sent on the cloud is a major factor driving the edge AI market. Performance and memory consumption are the keys to the successful implementation of edge AI. Once the ML model is trained, it is deployed on the device for inference to classify, recognize, and process new inputs. The cost of computation resources is lower for inference than training on the device. On-device inference can lead to high responsiveness, which is a major factor for the growth of the market for edge AI hardware products designed to draw inferences. China to grow with the highest CAGR in Asia Pacific region during the forecast period China is the largest market for edge AI hardware in Asia Pacific. Devices such as smartphones, industrial robots, and automobiles hold a huge growth potential for the edge AI hardware market in Asia Pacific. The region is becoming a center of attraction for major investments as it holds significant business expansion opportunities. Various AI processor start-ups in China are raising funds to grow in the edge AI hardware market. For example, ThinkForce (China) raised around USD 68 million, and DeePhi (China) raised around USD 40 million. The report profiles key players in the edge AI hardware market and analyzes their market shares. Players profiled in this report are Apple (US), MediaTek (Taiwan), Qualcomm Technologies (US), Huawei Technologies (China), and Samsung Electronics (South Korea), Intel (US), NVIDIA (US), IBM(US), Google (US), Microsift (US), AMD (US), Micron Technology (US), Imagination Technologies (UK), Cambricon Technologies (China), Tenstorrent (Canada), Blaize (US), General Vision (US), Mythic (US), Zero ASIC (US), Applied Brain Research (Canada), Horizon Robotics (China), CEVA (US), Graph core (UK), SambaNova (US), Hailo (Israel), Veridify Security (US). About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Like it? Share it!More by this author |