The research process for this study included systematic gathering, recording, and analysis of data about customers and companies operating in the edge AI hardware market. This process involved the extensive use of secondary sources, directories, and databases (Factiva and OneSource) to identify and collect valuable information for the comprehensive, technical, market-oriented, and commercial study of the edge AI hardware market. In-depth interviews were conducted with primary respondents, including experts from core and related industries and preferred manufacturers, to obtain and verify critical qualitative and quantitative information and assess growth prospects. Key players in the edge AI hardware market were identified through secondary research, and their market rankings were determined through primary and secondary research. This research included studying annual reports of top players and interviewing key industry experts such as CEOs, directors, and marketing executives.
Secondary Research
Various secondary sources have been referred to in the secondary research process for identifying and collecting information pertinent to this study. The secondary sources include annual reports, press releases, and investor presentations of companies; white papers, certified publications, and articles by recognized authors; directories; and databases. Secondary research has been mainly carried out to obtain key information about the supply chain of the edge AI hardware industry, the value chain of the market, the total pool of the key players, market classification, and segmentation according to the industry trends to the bottom-most level, geographic markets, and key developments from both market- and technology-oriented perspectives.
Primary Research
In the primary research process, various sources from the supply and demand sides have been interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and key executives from major companies and organizations operating in the edge AI hardware market. After going through the entire market engineering (which includes calculations for market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research has been conducted to gather information and verify and validate the obtained critical numbers. Primary research has been conducted to identify segmentation types, industry trends, key players, competitive landscape, and key market dynamics such as drivers, restraints, opportunities, and challenges, along with the key strategies adopted by players operating in the market.
Note: The three tiers of the companies have been defined based on their total/segmental revenue as of 2024: Tier 1 = >USD 1 billion, Tier 2 = USD 1 billion–USD 500 million, and Tier 3 = USD 500 million. Others include sales, marketing, and product managers.
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Market Size Estimation
In the complete market engineering process, top-down and bottom-up approaches and several data triangulation methods have been used to estimate and forecast the size of the market and its segments and subsegments listed in the report. Extensive qualitative and quantitative analyses have been carried out on the complete market engineering process to list the key information/insights about the edge AI hardware market.
The key players in the market have been identified through secondary research, and their rankings in the respective regions have been determined through primary and secondary research. This entire procedure involved the study of the annual and financial reports of top players and interviews with industry experts such as chief executive officers, vice presidents, directors, and marketing executives for quantitative and qualitative key insights. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and enhanced with detailed inputs and analysis from MarketsandMarkets and presented in this report.
Edge AI Hardware Market : Top-Down and Bottom-Up Approach
Data Triangulation
After arriving at the overall market size from the above estimation process, the total market has been split into several segments and subsegments. Data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.
Market Definition
Artificial intelligence (AI) technology is now implemented in smartphones, automobiles, drones, and robots. Edge AI is the combination of edge computing and artificial intelligence. Edge AI is the implementation of AI applications in devices throughout the physical world. In this technique, the computation of AI is done near the user at the edge of the network, close to where the data is located, rather than centrally in a cloud computing facility or private data centers. Edge AI offers a way to process data faster than cloud processing. The release of low-power and high-computing processors has led to integrating AI algorithms into devices. Developing dedicated AI processors for edge devices has resulted in AI inference performed on devices rather than the cloud platform.
Key Stakeholders
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Semiconductor companies
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Technology providers
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Universities and research organizations
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System integrators
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AI solution providers
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AI platform providers
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AI system providers
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Investors and venture capitalists
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Manufacturers and people implementing AI technology
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Government agencies
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IoT providers
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Consulting firms
Report Objectives
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To define, describe, and forecast the edge artificial intelligence (AI) hardware market, in terms of volume, by processor, power consumption, device, function, vertical, and region
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To describe and forecast the market, in terms of value, by region—North America, Europe, Asia Pacific, and RoW (South America, Africa, and the Middle East)
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To define, describe, and forecast the global edge AI hardware market, in terms of value
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To provide detailed information regarding factors (drivers, restraints, opportunities, and challenges) influencing market growth
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To provide a detailed overview of the process flow of the edge AI hardware market
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To analyze supply chain, market/ecosystem map, trend/disruptions impacting customer business, technology analysis, Porter's five force analysis, trade analysis, case study analysis, patent analysis, key conferences & events, and regulations related to the edge AI hardware market
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To analyze opportunities for stakeholders in the edge AI hardware market by identifying the high-growth segments
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To strategically analyze micro markets concerning individual growth trends, prospects, and contributions to the overall market
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To strategically profile the key players and comprehensively analyze their market shares and core competencies, along with detailing the competitive leadership and analyzing growth strategies, such as product launches and developments, expansions, acquisitions, and partnerships of leading players
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Analyzing opportunities in the market for stakeholders and providing a competitive landscape for the market
Growth opportunities and latent adjacency in Edge AI Hardware Market