Edge Artificial Intelligence Hardware Market Types, Applications, Products, Share, Growth, Insights and Forecasts Report 2032

 The global edge Artificial Intelligence (AI) hardware market size was USD 9.21 Billion in 2022 and is expected to register a steady revenue CAGR of 17.7% during the forecast period, according to latest analysis by Emergen Research.

The Edge Artificial Intelligence (AI) Hardware Market is a rapidly growing market that is expected to experience significant growth in the coming years. This market encompasses the hardware components used in edge computing and artificial intelligence applications. Edge computing is a distributed computing model that processes data locally at the edge of the network, rather than in a centralized location. This approach allows for faster processing times and reduced data transfer volumes, making it ideal for applications such as autonomous vehicles, industrial automation, and smart cities.

One of the key drivers of the Edge AI Hardware Market is the growing demand for real-time data processing and analysis. As more industries adopt IoT (Internet of Things) devices and sensors, there is an increasing need for edge computing solutions that can quickly process the vast amounts of data generated by these devices. This is particularly important in applications such as autonomous vehicles, where real-time data processing is critical for safe and efficient operation.

Another driver of the Edge AI Hardware Market is the increasing adoption of artificial intelligence in various industries. AI is being used to automate a wide range of tasks, from image and speech recognition to predictive maintenance and process optimization. This has led to a growing demand for hardware components such as AI accelerators and processors, which can efficiently process large volumes of data and perform complex calculations.

Some of the key factors driving the growth of the global Edge Artificial Intelligence Hardware market include expanding R&D efforts to develop novel Edge Artificial Intelligence Hardware products for a variety of applications and rising demand for mercury control technology for industrial air purification. The most recent data on the COVID-19 pandemic market condition is provided in the research. The investigation indicates that COVID-19 plays a vital role in the market's dynamically altered environment. The study carefully investigates how the pandemic has altered market dynamics and trends while also precisely analysing how the crisis has impacted the market as a whole.

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Effect of COVID-19 on the global market for Edge Artificial Intelligence Hardware

The COVID-19 pandemic had a significant negative influence on the market for Edge Artificial Intelligence Hardware in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Edge Artificial Intelligence Hardware were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of Edge Artificial Intelligence Hardware in 2020. Additionally, demand for Edge Artificial Intelligence Hardware decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.

Edge Artificial Intelligence Hardware market : Competitive Landscape

The prominent players operating in the Edge Artificial Intelligence Hardware market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Edge Artificial Intelligence Hardware market .

Some of the prominent players operating in the market are:

Apple Inc., Huawei Technologies Co., Ltd., Intel Corporation, MediaTek Inc., NVIDIA Corporation, Qualcomm Technologies, Inc., Samsung, Microsoft, Advanced Micro Devices Inc., and ClearBlade Inc

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The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.

Key questions answered in the report:

What will be the development pace of Edge Artificial Intelligence Hardware market ?

What are the key factors driving the Global Edge Artificial Intelligence Hardware market ?

Who are the key manufacturers in the market space?

What are the openings, hazards, and outline of the market?

What is sales, revenue, and price analysis of top manufacturers of Edge Artificial Intelligence Hardware market ?

Who are the distributors, traders, and dealers of Edge Artificial Intelligence Hardware market ?

What are the Edge Artificial Intelligence Hardware market opportunities and threats faced by the vendors in the Global Edge Artificial Intelligence Hardware industries?

What are deals, incomes, and value examinations by types and utilizations of the market?

What are deals, income, and value examinations by areas of enterprises?

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Segments Covered in this report are:

  • Component Outlook (Revenue, USD Billion; 2019-2032)

    • Memory
    • Sensor
    • Processor
    • Others

  • Device Type Outlook (Revenue, USD Billion; 2019-2032)

    • Smartphones
    • Robots
    • Wearables
    • Cameras
    • Others

  • End-use Outlook (Revenue, USD Billion; 2019-2032)

    • Consumer Electronics
    • Automotive
    • Aerospace and Defense
    • Healthcare
    • Others

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Regional Bifurcation of the Edge Artificial Intelligence Hardware market Includes:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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