Certainly! Here's a comprehensive overview of the Edge AI Hardware Market, including market dynamics, recent developments, segment analysis, key market players, and a sample report structure.
The global edge AI hardware market was valued at USD 5.77 billion in 2024 and grew at a CAGR of 18% from 2025 to 2034. The market is expected to reach USD 30.19 billion by 2034. The increasing healthcare expenditure will drive the growth of the global edge AI hardware market.
📈 Market Dynamics
🆕 Recent Developments
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Arm's Expansion in Edge AI: In October 2025, Arm Holdings expanded its Flexible Access licensing program to include its Armv9 edge AI platform, aiming to streamline access for startups and device makers focused on on-device artificial intelligence. This strategic move reinforces Arm’s position in the competitive edge AI space.
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Nvidia's Dominance in AI Chip Market: Analysts predict that Nvidia’s revenue from AI chips will more than double from $100 billion in 2024 to $262 billion by 2030, maintaining a dominant 90% share of the growing AI GPU market.
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Ambarella's Growth in Edge AI: Ambarella reported strong fiscal Q2 2026 earnings, highlighting significant growth in the edge AI market, particularly in applications such as automotive video sensors, surveillance systems, and drones.
📊 Segment Analysis
By Chip Type
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ASICs (Application-Specific Integrated Circuits): Held the largest market share of 35% in 2024.
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NPUs (Neural Processing Units)/AI Accelerators: Expected to grow at the fastest CAGR during the forecast period.
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CPUs (Central Processing Units): The fastest-growing segment in the Edge AI Chips industry.
By Application
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Consumer Electronics: Contributed the highest market share of 40% in 2024.
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Automotive & Transportation: Significant growth due to advancements in autonomous driving technologies.
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Healthcare: Increasing adoption of edge AI for medical imaging and diagnostics.
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Manufacturing: Utilization in predictive maintenance and quality control.
By Region
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North America: Held a market share of 37.33% in 2024.
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Europe: Projected to generate a revenue of USD 5,120.9 million by 2032.
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Asia Pacific: Anticipated to grow at a CAGR of 19.39% over the forecast period.
🏢 Key Market Players
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Qualcomm (US)
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Huawei (China)
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Samsung (Korea)
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Apple (US)
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MediaTek (Taiwan)
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Intel (US)
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NVIDIA (US)
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IBM (US)
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Micron Technology (US)
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Advanced Micro Devices (US)
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Meta (US)
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Tesla (US)
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Google (US)
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Imagination Technologies (UK)
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Cambricon (China)
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Tenstorrent (Canada)
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Blaize (US)
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General Vision (US)
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Mythic (US)
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Zero ASIC (US)
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Applied Brain Research (Canada)
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Horizon Robotics (China)
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Ceva (US)
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Graphcore (UK)
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SambaNova Systems (US)
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HAILO (Israel)
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Axelera AI (Netherlands)
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Meta (US)
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📄 Sample Report Structure
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Executive Summary
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Market Introduction
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Market Dynamics
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Segment Analysis
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Competitive Landscape
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Regional Analysis
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Recent Developments
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Conclusion