In 2024, the global market for edge AI hardware was valued at 1,558 million units and is projected to grow at a rate of 20.2%, reaching USD 4,704 million units by 2030.
The demand for advanced technologies that facilitate real-time data processing and decision-making is on the rise. The edge AI hardware market is experiencing remarkable growth, driven largely by the increasing adoption of artificial intelligence (AI) hardware and the integration of edge computing with AI and IoT technologies.
Several factors are fueling this rapid expansion, including advancements in edge computing devices and services, which enhance real-time, low-latency capabilities. The integration of AI into these devices enables improved functionality, faster data processing, and greater accuracy, paving the way for widespread adoption across various industries.
The increase in research and development investments aimed at creating advanced devices, coupled with growing concerns about privacy and security, has opened significant growth opportunities for the market. As AI, IoT, and 5G technologies gain traction across sectors such as government, BFSI, retail, hospitality, and consumer goods, the demand for edge AI solutions is set to rise. Additionally, the adoption of Industry 4.0 practices is driving the need for edge AI hardware, helping businesses boost productivity and explore new business models.
End users of edge AI hardware are spread across multiple sectors. In emerging urban areas, edge computing supports smart farming, smart energy, smart buildings, and smart healthcare systems. As urbanization progresses, the need for automated services is increasing, making smart homes a necessity rather than a luxury. Edge AI hardware is central to smart home automation, powering devices such as smart speakers, wearables, gaming consoles, and robots.
The Asia-Pacific (APAC) region holds a substantial share of the edge AI hardware market, driven by 5G deployment, growing IoT integration, and widespread smartphone usage in countries like China, Japan, India, and South Korea. China, in particular, contributed the largest revenue share in 2022, owing to its robust industrial sector and significant investments in AI technology. The region’s manufacturing, telecommunications, and automotive industries provide fertile ground for the adoption of edge AI hardware.
With its ability to deliver real-time, low-latency data processing and its role in the rise of smart cities and innovative industrial solutions, the edge AI hardware market is positioned for continued growth. As industry players innovate and implement strategic development measures, the future of edge AI hardware looks promising, ready to unlock its full potential.
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