IMARC Group, a leading market research company, has recently releases report titled “Artificial Intelligence Chip Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global artificial intelligence chip market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How Big is the AI Chip market?
Report Attributes | Details |
Market Size in 2022 | US$ 13.4 Billion |
Market Forecast in 2028 | US$ 89.6 Billion |
Growth rate (2023 to 2028) | CAGR of 34.5% |
Base Year of the Analysis | 2022 |
Forecast Period | 2023-2028 |
What are Artificial Intelligence Chip?
Artificial intelligence (AI) are specialized silicon chips that are used to solve complex computational and mathematical problems while minimizing human errors. They are faster and more efficient than CPUs and can effortlessly process big data volume tasks. They also offer various benefits, such as power efficiency, high performance, usability, security, and enhanced data privacy. Owing to these properties, AI intelligence chips find extensive applications in intelligent robots, voice recognition, autonomous vehicles, and smart hardware.
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What are the growth prospects and trends in the Artificial Intelligence Chip Industry?
The market is primarily driven by the increasing usage of social media and e-commerce platforms, leading to massive growth in data volumes. In addition, the rising product adoption in AI self-driving vehicles and life-saving medical instruments represents a major growth-inducing factor.
Besides this, the market is further propelled by the rapid adoption of cloud-based services and user-friendly antivirus and antimalware solutions.
Furthermore, the introduction of quantum computing, the rising customer inclination toward the Internet of Things (IoT), the escalating demand for smart homes, and the emergence of autonomous robotics are some of the other factors providing a boost to the market growth.
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What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Chip Type:
- GPU
- ASIC
- FPGA
- CPU
- Others
Breakup by Technology:
- System-on-Chip (SoC)
- System-In-Package (SIP)
- Multi-Chip Module
- Others
Breakup by Processing Type:
- Edge
- Cloud
Breakup by Application:
- Natural Language Processing (NLP)
- Robotics
- Computer Vision
- Network Security
- Others
Breakup by Industry Vertical:
- Media and Advertising
- BFSI
- IT and Telecom
- Retail
- Healthcare
- Automotive and Transportation
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Advanced Micro Devices Inc., Huawei Technologies Co. Ltd., Intel Corporation, LG Electronics Inc. (LG Corporation), Mediatek Inc., Micron Technology Inc., Mythic Inc., Nvidia Corporation, NXP Semiconductors N.V., Qualcomm Technologies Inc, SK hynix Inc., Toshiba Corporation
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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