According to a new report, published by KBV research, The Global Edge AI Hardware Market size is expected to reach $21.4 billion by 2028, rising at a market growth of 17.4% CAGR during the forecast period.
The Training segment is showcasing a CAGR of 19.9% during (2022 - 2028). Due to the large quantity of data required to train an accurate model and the necessity for data scientists to collaborate on designing the model, this training process, known as "deep learning," typically occurs in a data center or the cloud. Following training, the model becomes an "inference engine" capable of answering real-world problems.
The Processor segment acquired maximum revenue share in the Global Edge AI Hardware Market by Component in 2021 thereby, achieving a market value of $10.5 billion by 2028. A processor executes programs that perform practical tasks, including the operating system and user applications. From the perspective of the processor, a program is only a collection of low-level instructions that it executes in roughly sequential order as it receives them.
The Automotive & Transportation segment has shown the growth rate of 19.2% during (2022 - 2028). It is due to the rising disposable income of individuals around the world. As the disposable income of the population increases, so does the demand for luxury and premium items. This is boosting the expansion of the automotive sector and the need for autonomous vehicles. Consequently, this aspect is driving the expansion of the edge AI processor market.
The Surveillance Cameras segment is exhibiting a CAGR of 17.1% during (2022 - 2028). AI cameras are enhanced analytics – many of which are based on AI or deep learning – that improve the system's overall performance and precision. In the past, these types of analytics resided primarily on the backend server; but, as camera processing power increases, they are increasingly relocating to the edge. The image sensor and processor are the two most important components of an AI camera.
The Asia Pacific market dominated the Global Edge AI Hardware Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $8.1 billion by 2028. The Europe market is experiencing a CAGR of 16.7% during (2022 - 2028). Additionally, The North America market would showcase a CAGR of 16.4% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/edge-ai-hardware-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Apple, Inc., MediaTek, Inc., Qualcomm, Inc., Huawei Technologies Co., Ltd., Samsung Electronics Co., Ltd. (Samsung Group), Intel Corporation, Nvidia Corporation, IBM Corporation, Google LLC, and Microsoft Corporation.
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