DUBLIN--(BUSINESS WIRE)--The "Artificial Intelligence Chip Market by Chip Type, by Application, by Architecture, by Processing Type, by End User - Global Opportunity Analysis and Industry Forecast, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
The Global Artificial Intelligence (AI) Chip Market size was valued to USD 20.77 billion in 2021, and it will elevate to USD 304.09 billion by 2030, with a CAGR of 29.9% from 2022-2030.
Artificial Intelligence Chips are special silicon chips, programmed for machine learning. AI Chips can process vast amount of data, identify the underlying patterns, interpret the trends and utilize the feed to achieve specific goals. AI Chips are multi-functioning and can proficiently manage multiple operations at a time.
The demand for AI Chip is consistently raising due to the increasing adoption of artificial intelligence in almost every industry, in areas such as voice recognition, object detection, medical or military simulation, intelligent routing, and autonomous driving among others. Adoption of artificial intelligence not only reduces the cost of operations, but increases the efficiency or the response time and minimizes the risk to human life at various levels in specific industry verticals.
Market Dynamics and Trends
With the technological advancements the market is switching towards smart devices, smart homes, and smart cities, resulting to a tremendous elevation in the Artificial Intelligence (AI) Chip market. Furthermore, increased investments in AI start-ups along with emergence of quantum computers, are expected to elevate the market growth in future.
Other factors like wide application of AI technology and increase in robotics, catalyze to promote the market growth. However, high development cost and lack of skilled work-force tend to impede the growth of artificial intelligence (AI) chip market over the forecast period.
Moreover, the massive upsurge in research and development, increased use of autonomous robotic at various industry verticals, and high-tech product launches shall create new market-opportunities, fueling-up the growth-rate of artificial intelligence (AI) chip market, over the forecast period.
Companies Mentioned
- Alphabet Inc.
- Apple Inc.
- ARM HOLDINGS
- HUAWEI TECHNOLOGIES
- IBM Corporation
- Samsung Electronics
- QUALCOMM INC
- NXP Semiconductors
- NVIDIA Corporation
- MICROSOFT CORPORATION
- Microsemi Corporation
- Micron Technology
- Mediatek Inc
- Intel Corporation
- Texas Instruments Incorporated
Key Market Segments:
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 Process Automation
- Computer Vision
- Network Security
- Others
Global Artificial Intelligence (AI) Chip market - By Architecture
- System-on-Chip (SoC)
- System-in-Package (SIP)
- Multi-chip Module
- Others
Global Artificial Intelligence (AI) Chip market - By Processing Type
- Edge
- Cloud
Global Artificial Intelligence (AI) Chip market - By End User
- Media & Advertising
- BFSI
- IT & Telecom
- Retail
- Healthcare
- Automotive & Transportation
- Others
Global Artificial Intelligence (AI) Chip market - By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- RoW
- UAE
- Saudi Arabia
- South Africa
- Brazil
- Rest of RoW
For more information about this report visit https://www.researchandmarkets.com/r/508z6
