LONDON--(BUSINESS WIRE)--Technavio has been monitoring the artificial intelligence (AI) chips market and it is poised to grow by USD 54.03 billion during 2020-2024, progressing at a CAGR of over 42% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please request Free Sample Report on COVID-19 Impact
Frequently Asked Questions-
- What was the value of the artificial intelligence (AI) chips market in 2019?
- Technavio says that the value of market was at USD 11.26 billion in 2019 and is projected to reach USD 65.29 billion by 2024.
- At what CAGR is the market projected to grow during the forecast period 2020-2024?
- Growing at a CAGR of over 42%, the market growth will accelerate during the forecast period of 2020-2024.
- What is the key factor driving the market?
- Increasing adoption of AI chips in data centers is one of the key factors driving market growth.
- Who are the top players in the market?
- Advanced Micro Devices Inc., Alphabet Inc., Apple Inc., Huawei Technologies Co. Ltd, International Business Machines Corp., Intel Corp., Microsoft Corp., NVIDIA Corp., Qualcomm Inc., and Samsung Electronics Co. Ltd. are some of the major market participants.
- Which region is expected to hold the highest market share in the market?
- North America
- What is the major trend of the market?
- Convergence of IoT and AI is a major growth factor for the market.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Advanced Micro Devices Inc., Alphabet Inc., Apple Inc., Huawei Technologies Co. Ltd, International Business Machines Corp., Intel Corp., Microsoft Corp., NVIDIA Corp., Qualcomm Inc., and Samsung Electronics Co. Ltd. are some of the major market participants. The increasing adoption of AI chips in data centers will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in fast-growing segments, while maintaining their position in the slow-growing segments.
Artificial Intelligence (AI) Chips Market 2020-2024: Segmentation
Artificial Intelligence (AI) Chips Market is segmented as below:
-
Product
- GPUs
- ASICs
- CPUs
- FPGAs
-
Geography
- North America
- Europe
- APAC
- South America
- MEA
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Artificial Intelligence (AI) Chips Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our artificial intelligence (AI) chips market report covers the following areas:
- Artificial Intelligence (AI) Chips Market size
- Artificial Intelligence (AI) Chips Market trends
- Artificial Intelligence (AI) Chips Market analysis
This study identifies convergence of IoT and AI as one of the prime reasons driving the artificial intelligence (AI) chips market growth during the next few years.
Artificial Intelligence (AI) Chips Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the artificial intelligence (ai) chips market, including some of the vendors such as Advanced Micro Devices Inc., Alphabet Inc., Apple Inc., Huawei Technologies Co. Ltd, International Business Machines Corp., Intel Corp., Microsoft Corp., NVIDIA Corp., Qualcomm Inc., and Samsung Electronics Co. Ltd. Backed with competitive intelligence and benchmarking, our research reports on the artificial intelligence (AI) chips market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Artificial Intelligence (AI) Chips Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist artificial intelligence (AI) chips market growth during the next five years
- Estimation of the artificial intelligence (AI) chips market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the artificial intelligence (AI) chips market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of artificial intelligence (AI) chips market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- GPUs - Market size and forecast 2019-2024
- ASICs - Market size and forecast 2019-2024
- CPUs - Market size and forecast 2019-2024
- FPGAs - Market size and forecast 2019-2024
- Market opportunity by Product
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Volume driver - Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Advanced Micro Devices Inc.
- Alphabet Inc.
- Apple Inc.
- Huawei Technologies Co. Ltd
- International Business Machines Corp.
- Intel Corp.
- Microsoft Corp.
- NVIDIA Corp.
- Qualcomm Inc.
- Samsung Electronics Co. Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
