Global Artificial Intelligence (AI) Chip Market Size, Share, Growth, Industry Trends and Forecast 2020-2030

Artificial Intelligence (AI) Chips are silicon chips, which integrated with AI technology and are used for machine learning. It helps to minimize the risk to human life in many industries vertical and used in need for more organized systems to solve mathematical and computational problems. The global artificial intelligence (AI) market accounted approximate USD 13690.6 million in 2020 and is expected to reach USD 486122.1022 million by 2030 with a CAGR of 42.90% during the forecast period. Moreover, as the term suggests, refers to a new generation microprocessor which are specially designed to process AI tasks faster, using less power. Additionally, one clear advantage of AI chips is that they will allow for processing to be done onboard the device, lowering response time against offloading compute to the cloud.
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Market Dynamics and Factors:
A surge in demand for smart homes, smart cities and rise in investments in AI startups are driving the global AI chip market. Additionally, emergence of quantum computing, development of smart robots and increased adoption of AI chips in the developing countries are driving the growth of market. However, dearth of skilled workforce is restraining the market growth.
Market Segmentation:
Global Artificial Intelligence (AI) Chip Market – By Chip Type
GPU
ASIC
FPGA
CPU
Others
Global Artificial Intelligence (AI) Chip Market – By Application
Natural Language Processing (NLP)
Robotic
Computer Vision
Network Security
Others
Global Artificial Intelligence (AI) Chip Market – By Technology
System-On Chip
System-In Package
Multi-Chip Module
Others
Global Artificial Intelligence (AI) Chip Market – By Processing
Edge
Cloud
Global Artificial Intelligence (AI) Chip Market – By Industry Vertical
Media & Advertising,
BFSI
IT & Telecom
Automotive
Healthcare
Others
Global Artificial Intelligence (AI) Chip Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
North America dominated the global AI chip market and hold largest share. The region accounted approximate one-third of the total global revenue, and anticipated to maintain same trend during forecast period. Due to, Technological advancement, R & D activities in automotive, healthcare and cyber security industries driving the market growth in region, Followed by Europe. However, the market across Asia Pacific region anticipated to account fastest growth with CAGR of 49.5% during the forecast period.
Competitive Scenario:
Some of the key players in global AI chip market are Micro Devices Inc., IBM Corporation, Micron technology Inc., Qualcomm Incorporated, Samsung electronics Co. ltd., NVIDIA Corporation, Intel Corporation, Huawei technologies Co. ltd, Google, Baidu Inc., Mythic Inc.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Artificial Intelligence (AI) Chip industry, although key threats, opportunities and disruptive technologies that could shape the Global Artificial Intelligence (AI) Chip Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Artificial Intelligence (AI) Chip Market most.
The data analysis present in the Global Artificial Intelligence (AI) Chip Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Artificial Intelligence (AI) Chip Market business.
The 2021 Annual Global Artificial Intelligence (AI) Chip Market offers:
100+ charts exploring and analysing the Global Artificial Intelligence (AI) Chip Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Artificial Intelligence (AI) Chip Market type
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