Edge AI Hardware Market

Edge AI Hardware Companies - Qualcomm Technologies, Inc. (US) and Huawei Technologies Co., Ltd. (China) are the Key Players

The edge AI hardware market is projected to grow from USD 24.2 billion in 2024 and is expected to reach USD 54.7 billion by 2029, growing at a CAGR of 17.7% from 2024 to 2029. The growing need for fast and real time data processing in critical situations is fueling the growth of the Edge AI hardware market. Mission-critical applications such as autonomous vehicles, industrial automation, and healthcare require instantaneous decision-making. Edge AI hardware enables data processing at the edge of the network, minimizing latency by avoiding round trips to centralized servers. This capability is crucial for ensuring real-time responsiveness.

Major players in the edge AI hardware market include Qualcomm Technologies, Inc. (US), Huawei Technologies Co., Ltd. (China),  SAMSUNG (South Korea), Apple Inc. (US), MediaTek Inc. (Taiwan), Intel Corporation (US), NVIDIA Corporation (US), IBM (US), Micron Technology, Inc. (US), and Advanced Micro Devices, Inc. (US) among others. New product launches, partnerships, and expansions were the key strategies adopted by the players in the edge AI hardware market ecosystem to enhance their product portfolios, increase their market share, and expand their presence in the edge AI hardware market.

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Major Edge AI Hardware companies include:

  • Qualcomm Technologies, Inc. (US)
  • Huawei Technologies Co., Ltd. (China)
  • SAMSUNG (South Korea)
  • Apple Inc. (US)
  • MediaTek Inc. (Taiwan)
  • Intel Corporation (US)
  • NVIDIA Corporation (US)
  • IBM (US)
  • Micron Technology, Inc. (US)
  • Advanced Micro Devices, Inc. (US)
  • Meta (US)
  • Tesla (US)
  • Google (US)
  • Microsoft (US)
  • Imagination Technologies (UK)
  • Cambricon (China)
  • Tenstorrent (Canada)
  • Blaize (US)
  • General Vision, Inc (US)
  • Mythic (US)
  • Zero ASIC Corporation (US)
  • Applied Brain Research, Inc. (Canada)
  • Horizon Robotics (China)
  • Ceva, Inc. (US)
  • Graphcore (UK)
  • SambaNova Systems, Inc. (US)
  • HAILO (Israel)
  • Veridify Security Inc. (US)

For instance, in October 2023, Qualcomm Technologies, Inc. announced its premium mobile platform, the Snapdragon® 8 Gen 3-a true titan of on-device intelligence, premium-tier performance, and power efficiency. This platform delivers industry-leading AI, chart-topping camera capabilities, console-defying gaming, studio-quality audio-all backed by the fastest connectivity-to power the experiences.

In April 2024,  Micron Technology, Inc. announced the sampling of the automotive-grade Micron 4150AT SSD, quad-port SSD,1 which is capable of interfacing with up to four systems on chips (SoCs) to centralize storage for software-defined intelligent vehicles. The Micron 4150AT SSD combines market-leading features such as single-root input/output virtualization (SR-IOV), a PCIe Generation 4 interface and ruggedized automotive design. With these features, the automotive-grade SSD provides the ecosystem with data center-level flexibility and power.

Qualcomm Technologies, Inc. is one of the multinational corporation and key players in the global semiconductor industry. The company is known for its innovations in wireless telecommunications, semiconductors, and mobile technologies. The company’ in its product portfolio offers products used in automobiles, the Internet of Things (IoT), data centers, networking, and computing and machine learning applications. Moreover, the company operates through three reportable business segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI). However, the company conducts business globally, with offices in all the major regions. Key subsidiaries of the company are Qualcomm Technologies, Inc. (Delaware), Qualcomm Global Trading Pte. Ltd. (Singapore), Qualcomm Asia Pacific Pte. Ltd. (Singapore), and Qualcomm Technologies International, Ltd. (UK).

Huawei Technologies Co., Ltd. is one of the leading global provider of telecommunications equipment, consumer electronics, and enterprise solutions. The company offers telecommunication carrier network solutions that are intelligent, innovative, and secure in collaboration with industry leaders. The company manufactures a diverse range of consumer devices, including smartphones, tablets, laptops, wearables, and smart home products. The company's consumer brand, Huawei Consumer Business Group (CBG), is known for its flagship smartphone series, such as Huawei Mate and P series. Moreover, the company operates through the following business segments: Carrier, Enterprise, Consumer, and Other Items.

The  ICT infrastructure business segment mainly works on information distribution, interaction, transmission, processing, and storage, with a focus on two industries: connectivity and computing. Under the Digital Power Business segment, The digital power business integrates digital and power electronics technologies, with a focus on clean power generation, mobility electrification, and green ICT power infrastructure. However, providing new components for intelligent connected electric vehicles and the automotive industry is offered through the Intelligent Automotive Solution Business.

Related Reports:

Edge AI Hardware Market by Device, Processor (CPU, GPU, and ASIC), Function (Training, Inference), 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 2029

Contact:
Mr. Aashish Mehra

MarketsandMarkets™ INC.
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[email protected]

Edge AI Hardware Market Size,  Share & Growth Report
Report Code
SE 7017
RI Published ON
5/20/2024
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