The Edge AI Hardware Global Market Report 2023, provides comprehensive information on the edge AI hardware market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s Edge AI Hardware Global Market Report 2023, the market size is expected to grow from $5.55 billion in 2022 to $6.64 billion in 2023 at a compound annual growth rate (CAGR) of 19.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global edge AI hardware market is expected to grow to $13.53 billion in 2027 at a CAGR of 19.5%.

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Technologically advanced products have emerged as the key trend gaining popularity in the edge AI hardware market.Major companies operating in the edge AI market are developing advanced technologies to strengthen their position in the market. For instance, in May 2022, Intel’s Habana Labs, an Israel-based creator of AI processors, launched second-generation AI processors for training and inferencing. The unique feature of second-generation AI processors is to close a market gap by offering customers high-performance, high-efficiency deep learning to compute options for both training workloads and inference deployments in the data center. In addition, it also lowers the entry barrier to AI for businesses of all sizes, which is what makes it stand out from competing technology.

The edge AI hardware market is segmented:

1) By Device Type: Smartphones, Cameras, Robots, Wearables, Smart Speaker, Other Device Types
2) By Component: Processor, Memory, Sensor, Other Components
3) By End User: Consumer Electronics, Smart Home, Automotive, Government, Aerospace and Defense, Healthcare, Industrial, Construction, Other End Users

North America was the largest region in the edge AI hardware market in 2022.

The table of contents in TBRC’s edge AI hardware market report includes:
1. Executive Summary
2. Edge AI Hardware Market Characteristics
3. Edge AI Hardware Market Trends And Strategies
4. Edge AI Hardware Market - Macro Economic Scenario
5. Edge AI Hardware Market Size And Growth
………………………………………………………
26. Africa Edge AI Hardware Market
27. Edge AI Hardware Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Edge AI Hardware Market
29. Edge AI Hardware Market Future Outlook and Potential Analysis
30. Appendix

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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.

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