This paper delves into the dynamic landscape of computer security, where malware poses a paramount threat. Our focus is a riveting exploration of the recent and promising hardware-based malware detection approaches. Leveraging hardware performance counters and machine learning prowess, hardware-based malware detection approaches bring forth compelling advantages such as real-time detection, resilience to code variations, minimal performance overhead, protection disablement fortitude, and cost-effectiveness. Navigating through a generic hardware-based detection framework, we meticulously analyze the approach, unraveling the most common methods, algorithms, tools, and datasets that shape its contours. This survey is not only a resource for seasoned experts but also an inviting starting point for those venturing into the field of malware detection. However, challenges emerge in detecting malware based on hardware events. We struggle with the imperative of accuracy improvements and strategies to address the remaining classification errors. The discussion extends to crafting mixed hardware and software approaches for collaborative efficacy, essential enhancements in hardware monitoring units, and a better understanding of the correlation between hardware events and malware applications.