Speculative decoding (SD) has proven effective for accelerating LLM inference by quickly generating draft tokens and verifying them in parallel. However, SD remains largely unexplored for Large Vision-Language Models (LVLMs), which extend LLMs to process both image and text prompts. To address this gap, we benchmark existing inference methods with small draft models on 11 datasets across diverse input scenarios and observe scenario-specific performance fluctuations. Motivated by these findings, we propose **Test-time Adaptive Batched Ensemble Drafting (TABED)**, which dynamically ensembles multiple drafts obtained via batch inference by leveraging deviations from past ground truths available in the SD setting. The dynamic ensemble method achieves an average robust walltime speedup of 1.74× over autoregressive decoding and a 5% improvement over single drafting methods, while remaining training-free and keeping ensembling costs negligible through parameter sharing. With its plug-and-play compatibility, we further enhance TABED by integrating advanced verification and alternative drafting methods. Code and custom-trained models are available at https://github.com/furiosa-ai/TABED.

Speculative Decoding is a widely used technique to speed up inference for Large Language Models (LLMs) without sacrificing quality. When performing inference, speculative decoding uses a smaller draft model to generate speculative tokens and then uses the target LLM to verify those draft tokens. The speedup provided by speculative decoding heavily depends on the choice of the draft model. In this work, we perform a detailed study comprising over 350 experiments with LLaMA-65B and OPT-66B using speculative decoding and delineate the factors that affect the performance gain provided by speculative decoding. Our experiments indicate that the performance of speculative decoding depends heavily on the latency of the draft model, and the draft model’s capability in language modeling does not correlate strongly with its performance in speculative decoding. Based on these insights we explore a new design space for draft models and design hardware-efficient draft models for speculative decoding. Our newly designed draft model can provide 111% higher throughput than existing draft models and our approach generalizes further to all LLaMA models (1/2/3.1) and supervised fine-tuned models.