Chicago, Dec. 19, 2022 (GLOBE NEWSWIRE) -- 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 market is driven by the requirement to capture data in real time and resolve the issues related to latency, privacy, bandwidth, and security; the emergence of AI co-processors for edge computing.
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Scope of the Report
| Report Metric | Details |
| Market Growth Rate | CAGR 20.8% |
| Expected to Reach | 2,716 million Units by 2027 |
| Projected Value | 1056 million Units in 2022 |
| Largest Share Region | APAC |
| Market size available for years | 2018-2027 |
| Segments covered |
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| Geographic Regions Covered | North America, Asia Pacific, Europe, and RoW |
| Companies Covered |
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“Browse in-depth TOC on "Edge AI Hardware Market Industry"
142 – Tables
69 – Figures
244 – Pages
- In June 2022, Qualcomm Technologies has acquired Cellwize Wireless Technologies Pte. Ltd., a mobile network automation and management leader. This acquisition will further accelerate Qualcomm Technologies’ growth in 5G Radio Access Network (RAN) innovation and adoption. Cellwize’s 5G network deployment, automation, and management software platform capabilities will strengthen Qualcomm Technologies’ 5G infrastructure solutions to fuel the digital transformation of industries, power the connected, intelligent edge devices, and support the growth of the cloud economy.
- In January 2020, Apple acquired Xonir.ai, a Seattle-based startup, to bring AI inferencing from the cloud to the local hardware.
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Major Market Developments in Edge AI Hardware Market Industry
- In July 2021, Microchip Technology (US) introduced the expansion of its silicon carbide portfolio with a family of high-efficiency, high-reliability 1700 V silicon carbide MOSFET die, discrete, and power modules. Microchip’s 1700 V silicon carbide technology is an alternative to silicon IGBTs.
- In June 2021, Cree, Inc. (US) signed a contract with Shenzhen Gospower Digital Technology Co., Ltd. (Gospower) (China), a national high-tech enterprise and leader in power electronics converters. Under this contract, CREE offers Cree’s Wolfspeed®650 V silicon carbide MOSFETs for next-generation Common Redundant Power Supply (CRPS) solutions.
What are the key strategies adopted by key companies in the Edge AI hardware market?
The product launch, acquisition and collaboration has been and continues to be some of the major strategies adopted by the key players to grow in the edge AI hardware market.
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