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 Artificial Intelligence Chip Market?
The global artificial intelligence chip market size reached US$ 13.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 89.6 Billion by 2028, exhibiting a growth rate (CAGR) of 34.5% during 2023-2028.
What is Artificial Intelligence Chip?
An artificial intelligence (AI) chip is a specialized microprocessor designed to process the complex algorithms and data structures involved in AI and machine learning (ML) applications. It includes graphics processing units (GPUs), field-programmable gate arrays (FPGAs), application-specific integrated circuits (ASICs), and neural processing units (NPUs). It helps optimize the computational requirements of neural networks, which involve large amounts of data and extensive parallel processing capabilities. At present, AI chips are employed in a wide range of applications, including natural language processing (NLP), image and speech recognition, autonomous vehicles, and robotics across the globe.
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What are the growth prospects and trends in the artificial intelligence chip industry?
At present, the introduction of AI in numerous industries and the escalating demand for energy-efficient systems represent one of the key factors positively influencing the market.
In addition, the increasing adoption of cloud computing that provides access to high-performance computing resources, and the increasing number of information technology (IT) industries that focus on the development of efficient processors are creating a favorable market outlook. Apart from this, the increasing focus on smart homes and cities and the improvement of autonomous robotics are fueling the market growth.
Furthermore, the increasing usage of social media and e-commerce platforms is resulting in a huge amount of data volume. This, along with the development of neuromorphic computing, is stimulating the market growth.
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
Market 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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