Edge AI Hardware Market By Component (Processor, Memory, Sensor, and Others), Device Type (Smartphones, Cameras, Robots, Wearables, Smart Speaker, and Others), Process (Training and Inference), and End User (Consumer Electronics, Smart Home, Automotive, G

Edge AI Hardware Market Statistics 2030

The global edge AI hardware market size was valued at $6.88 billion in 2020, and is projected to reach $38.87 billion by 2030, registering a CAGR of 18.8% from 2021 to 2030.

Edge AI hardware is a bunch of several devices that are utilized to power & process artificial intelligence-based robots & devices. These gadgets are utilized to coordinate and work on handling artificial intelligence gadgets by processing information in the actual hardware. The Automotive industry impacted negatively, due to COVID-19 Pandemic outbreak.

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Growth of the global edge AI hardware market is anticipated to be driven by factors such as emergence of AI coprocessors for edge computing and rise in IoT application by various end user industries such as automotive, consumer electronics, among others. In addition, increase in real-time low latency on edge devices boosts the overall market growth. However, power consumption & size constraint acts as a major restraint for the global edge AI hardware industry. On the contrary, rise in demand and adoption of artificial intelligence products & services is expected to create lucrative opportunities for the market.

Edge AI Hardware Market Segment Review
The global edge AI hardware market is segmented on the basis of component, device type, process, end user, and region. By component, the market is classified into processor, memory, sensor, and others. Depending on device type, it is categorized into smartphones, cameras, robots, wearables, smart speakers, and others. The process covered in the study include training and inference. On the basis of end user, it is classified into consumer electronics, smart home, automotive, government, aerospace & defense, healthcare, industrial, construction, and others.

Region wise, the edge AI hardware market trend is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). North America dominated the edge AI hardware market in 2020, and is projected to register a significant growth rate during the forecast period, owing to growth of the consumer electronics sector. However, Asia-Pacific is expected to witness a significant growth rate by the end of the forecast period, followed by LAMEA.

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Leading edge AI hardware manufacturers such as Intel Corporation, Samsung Electronics Co., Ltd., and Google Inc. are focusing their investments on technologically advanced, cost-effective, and more secure products and solutions for various applications.

Edge AI Hardware Market Top Impacting Factors
Prominent factors that impact the edge AI hardware market growth are rise in investments in AI startups and increase in demand for smart homes & smart cities. In addition, surge in need for automation & safety in organizations drives the edge AI hardware market growth. However, lack of awareness among SMEs restricts market growth. On the contrary, growth in adoption of robotics technology in emerging countries is expected to create lucrative opportunities for the market.

Edge AI Hardware Market Competitive Analysis
Competitive analysis and profiles of the major edge AI hardware market players such as Apple Inc., Google LLC (Alphabet Inc.), Huawei Technologies Co. Ltd., Intel Corporation, International Business Machines Corporation (IBM), MediaTek Inc., Microsoft Corporation, NVIDIA Corporation, Qualcomm Technologies Inc., and Samsung Electronics Co. Ltd. (Samsung) have been covered in the report. These key players have adopted various strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to increase their market penetration and strengthen their foothold in the industry.

By End User - Consumer Electronics segment will maintain the lead during the forecast period

Covid - 19 Impact Analysis
The outbreak of COVID-19 has significantly affected the electronics and semiconductor sector. Business and manufacturing units across various countries were closed, owing to increase in number of COVID-19 cases, and are expected to remain closed in 2021. Furthermore, partial or complete lockdown has disrupted the global supply chain posing challenges for manufactures to reach customers.

The COVID-19 pandemic is impacting the society and overall economy across the globe. The impact of this outbreak is growing day-by-day as well as affecting the overall business globally. The crisis is creating uncertainty in the stock market and is resulting in falling business confidence, massive slowing of supply chain, and increase in panic among the customer segments.

Asian and European countries under lockdowns have suffered major loss of business and revenue, owing to shutdown of manufacturing units. Operations of production and manufacturing industries have been heavily impacted by the outbreak of the COVID-19 disease, which further impacted growth of the edge AI hardware market.

In addition, the COVID-19 pandemic has impacted the electronics sector, as production facilities have stalled, which, in turn, have propelled the demand for electronics and semiconductor products in the industries. Its major impact includes a large manufacturing interruption across Europe and interruption in Chinese part exports, which may hinder the market growth.

Asia-Pacific region would exhibit the highest CAGR of 22.1% during 2021 - 2030

Key Benefits for Stakeholders
This study comprises analytical depiction of the global edge AI hardware market size along with the current trends and future estimations to depict the imminent investment pockets.
The overall edge AI hardware market analysis is determined to understand the profitable trends to gain a stronger foothold.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The current edge AI hardware market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
Porter's five forces analysis illustrates the potency of the buyers and the edge AI hardware market share of key vendors.
The report includes the market trends and the market share of key vendors.
Key Segmentations
Edge Ai Hardware Market By Component
Processor
CPU
GPU
ASIC
FPGA
Others
Memory
Sensor
Others
Edge Ai Hardware Market By Device Type
Smartphones
Cameras
Robots
Wearables
Smart Speaker
Other
Edge Ai Hardware Market By Process
Training
Inference
Edge Ai Hardware Market By End User
Consumer Electronics
Smart Home
Automotive
Government
Aerospace & Defense
Healthcare
Industrial
Construction
Others
Edge Ai Hardware Market By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Edge Ai Hardware Market By Key Player
Apple Inc.
Google LLC (Alphabet Inc.)
Huawei Technologies Co. Ltd.
Intel Corporation
International Business Machines Corporation (IBM)
MediaTek Inc.
Microsoft Corporation
NVIDIA Corporation
Qualcomm Technologies, Inc.
Samsung Electronics Co. Ltd. (Samsung)
Scope of the Edge AI Hardware Market Report

Segments covered By Component, By Process, By Type, Application and Region
Report coverage Revenue & volume forecast, company share, competitive landscape, growth factors, and trends
Geographic regions covered North America, Europe, Asia Pacific, Latin America, Middle East & Africa

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