The Global Artificial Intelligence Chipset Market Size is valued at 14.51 billion in 2022 and is predicted to reach 128.32 billion by the year 2031 at a 27.6% CAGR during the forecast period for 2023-2031.
The most widely used technology in recent years has been artificial intelligence, which is expected to hold great promise for emerging smart devices. It has been used increasingly in many facets of society and the economy. Finance, education, healthcare, logistics, and transportation are just a few of the industries where it has been extensively used since it makes it easier for services and products to be intelligent.
The physical foundation for producing applications with AI is provided by chipsets, thus including them in the development of AI apps is crucial. Autonomous vehicles, intelligent robotics, smart healthcare, smart homes, smart cities, smart finance, intelligent security, intelligent hardware, self-service stores, and intelligent education are some of the application technologies for AI.
AI technology has several facets because it is woven into applications, chipset types, computing technologies, and algorithm mechanisms. The fundamental uses of artificial intelligence are in the processing of image/video, sound and speech, natural language, device control, and large-scale computation. These edge applications can be run more easily thanks to the chipsets.
The development of semiconductor nanowire laser technology, 3D technology, and the expanding use of neural networks & deep learning technologies are key market drivers for artificial intelligence (AI) chipsets. Additionally, the increasing number of projects worldwide for smart homes, buildings, and cities is projected to increase demand for chipsets. The development of cutting-edge artificial intelligence chipsets for many applications is the focus of major players.
Competitive Landscape:
Some of the Artificial Intelligence Chipset market players are:
- Advanced Micro Devices, Inc. (AMD)
- Alibaba Group Holding Limited
- Alphabet Inc. (Google LLC)
- Amazon Web Services (AWS)
- Fujitsu Limited
- General Vision, Inc.
- Graphcore Limited
- GreenWaves Technologies
- Huawei Technologies Co., Ltd.
- Intel Corporation
- International Business Machines Corporation (IBM)
- Kalray Corporation
- Kneron
- Koniku Inc
- MediaTek Inc.
- Micron Technology, Inc.
- Microsoft Corporation
- Mythic Inc.
- NVIDIA Corporation
- Qualcomm Technologies, Inc.
- SambaNova Systems Inc
- Samsung Electronics Co., Ltd.
- Tenstorrent Inc.
- Wave Computing, Inc.
- Xilinx, Inc.
- XMOS Limited
Market Segmentation:
The Artificial Intelligence Chipset market is segmented on the basis of Technology, Function, Hardware, and End-User Industry. Based on Technology, the market is segmented as Machine Learning, Natural Language Processing, Computer Vision. Function segment includes Training, Inference. Hardware segment includes Processor, Memory, Network. By Industry Analysis, the market is segmented into Consumer Electronics, Healthcare, BFSI, IT & Telecom, Manufacturing, Automotive, Retail, and Others.
Based On Chipset Type Analysis, The Graphics Processing Unit Segment Is Accounted As A Major Contributor In The Artificial Intelligence Chipset Market
During the anticipated period, the graphics processing unit (GPU) category is anticipated to hold the greatest market share for artificial intelligence chipsets. The segment's growth is projected to be fueled by the increasing use of GPUs in edge devices, sophisticated 3D gaming, AR/VR, virtual assistance, and other areas. Due to the increasing use of FPGA in fields including network processing, deep packet inspection, network security, and other areas, the field of field-programmable gate arrays (FPGAs) is expected to experience significant growth.
Inference Segment Witness Growth At A Rapid Rate
During the projected period, the inference sector is anticipated to grow the quickest in market share. The need for edge computing is growing as a result of privacy and safety concerns, which is projected to fuel segment expansion. Because it can handle extremely parallel architectures, the training segment is anticipated to increase at the fastest rate.
In The Region, The North America Artificial Intelligence Chipset Market Holds Significant Revenue Share
During the anticipated period, North America is anticipated to lead the market in terms of revenue share in the global market. The availability of established IT infrastructure and rising government R&D expenditures will probably drive market expansion in North America. The demand for AI chipsets is also increasing in the US and Canada due to the presence of significant important players like NVIDIA Corporation, Intel Corporation, Google LLC, and others. These players are concentrating on releasing cutting-edge AI chipsets to expand their product line.
The region with the fastest rate of growth is Asia Pacific in the anticipated time frame. The expansion of this industry is fueled by the region's developing economies, like South Korea, India, and others, which have strong startup ecosystems and an expanding pool of skilled labour. A council on AI ethics has also been established by the Singaporean government as part of the country's AI strategy, which calls for the deployment of AI applications across multiple industries in 2018. Due to the presence of a sizable number of AI solution providers, Europe is predicted to experience rapid growth.
Artificial Intelligence Chipset Market Report Scope:
|
Report Attribute |
Specifications |
|
Market Size Value In 2022 |
USD 14.51 Bn |
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Revenue Forecast In 2031 |
USD 128.32 Bn |
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Growth Rate CAGR |
CAGR of 27.6 % from 2023 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2023 to 2031 |
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Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
Chipset Type Analysis, Function Analysis, and Industry Analysis |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
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Competitive Landscape |
Intel Corporation (US), Nvidia Corporation (US), Qualcomm Technologies Inc. (US), Micron Technology, Inc. (US), Advanced Micro Devices, Inc. (US), Samsung Electronics Co., Ltd. (South Korea), Apple Inc. (US), IBM (US), Alphabet, Inc. (US), Huawei Technologies (China). |
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Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
