The edge AI hardware market is projected to grow from 1,056 Million Units to reach 2,716 million units by 2027; it is expected to grow at a CAGR of 20.8% during the forecast period. 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
Major players in the edge AI hardware market have primarily adopted acquisition and collaboration strategies to strengthen their position in the market.
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Qualcomm Technologies (US), Huawei Technologies (China), are major players in the edge AI hardware market.
Qualcomm Technologies was founded in 1985 and reincorporated in 1991 in Delaware, US. It is one of the key players in the global semiconductor industry. The company designs and markets wireless telecommunication products and services used in mobile devices and other wireless products, such as network equipment and broadband gateway equipment. In addition to cellular devices, the company’s products are used in automotive, IoT (Internet of Things), data center, networking, and computing and machine learning applications.
Qualcomm Technologies operates through three reportable business segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI). The QCT segment deals with the development and supply of CDMA, OFDMA, and other technology-related ICs, as well as system software that finds applications in networking, voice and data communication, multimedia, application processing, and GPS devices. The QTL segment deals with granting intellectual property rights and licenses. These rights are important in the manufacturing and selling of wireless products, such as CDMA 2000, CDMA TDD, WCDMA, and/or LTE and their derivatives. The QSI segment makes strategic investments focused on advancement in technologies. It also introduces new products and services for voice and data communication.
Huawei Technologies is an information communication technology software and solution provider for many end users worldwide. In collaboration with industry leaders, the company offers telecommunication carrier network solutions that are intelligent, innovative, and secure. Huawei delivers computer, networking, and communication platforms to original equipment manufacturers (OEMs); original design manufacturers (ODMs); cloud and communication service providers; and industrial, communication, energy, and automobile equipment manufacturers. It operates through the following business segments: Carrier, Enterprise, Consumer, and Other Items. The Carrier segment offers telecommunication software and solutions related to network management, cloud, and data centers. Under the Enterprise business segment, the company provides a digital infrastructure with upcoming technologies, including IoT, big data, AI, cloud, and communication for the government, transportation, energy, and automotive sectors. Smart hardware such as phones, wearables, connected home devices, PCs, and services required by these devices are offered through the Consumer business segment.
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
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