The Global Artificial Intelligence Chip Market is thoroughly examined in the study, along with its size and trends, product mix, channels of distribution, and supplier analysis. Artificial intelligence (AI) chips are silicon chips that contain AI technology and are used for machine learning. In a number of commercial industries, AI helps to reduce or eliminate the risk to human life. Because of this, the vast majority of big IT businesses are concentrating on creating AI software and processors.
According to SPER market research, Artificial Intelligence Chip Market Size- By Chip Type, By Applicatio, By Technology, By Industry Vertical - Regional Outlook, Competitive Strategies and Segment Forecast to 2032’state that the Artificial Intelligence Chip Market is estimated to reach USD 443.98 Billion by 2032 with a CAGR of 40.35%.
Drivers:
Consequently, most big IT businesses concentrate on creating AI chips and software. It is also expected that companies in the artificial intelligence chip industry will benefit from the possibility of future growth presented by the advancement of autonomous robots. The market has been expanded by the yearly rise in the number of tech AI start-ups supported by various venture capitalists and venture capital funds in a number of nations, most notably the United States.
Challenges:
It is anticipated that over the forecast period, factors including rising investments in AI start-ups, rising need for smart homes and cities, and the introduction of quantum computing would drive the expansion of the artificial intelligence chip market revenue. AI can provide developing countries like India with the push they need to start smart city initiatives. Artificially intelligent tools and technology provide great promise for the development of smart cities and networked digital houses. Furthermore, the development of a chip featuring an integrated artificial intelligence network has presented a chance for artificial intelligence chip manufacturers.
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Impact of COVID-19 on Artificial Intelligence Chip Market
The market's growth rate from year to year is most likely going to somewhat slow down. The disrupted supply chains as a result of industry lockdowns and shifting priorities are partially attributable to the low adoption of AI in many end-user industries. The ongoing COVID-19 pandemic has caused financial difficulties. This is expected to completely destroy the supply chain, forcing businesses and entire industries to reassess and adjust to the global supply chain paradigm. The industry and supply chain have suffered as a result of the closure of several manufacturing firms. The implementation of AI-based software and technology has been delayed as a result of this disruption.
Artificial Intelligence Chip Market Key Player
Advanced Micro Devices, Alphabet Inc., Amazon Web Services, Apple, Fujitsu Limited, General Vision, Inc., Google Inc Microsemi, Corporation., Microsoft Corporation, Mythic, NVIDIA Corporation, NXP Semiconductors N.V., Qualcomm Technologies, Inc., SambaNova Systems Inc, Samsung Electronics Co., Ltd., Tenstorrent Inc, Wave Computing Inc, Xilinx, Inc., XMOS Limited, Zero ASIC.
Artificial Intelligence Chip Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecast for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
By Chip Type
- GPU
- ASIC
- FPGA
- CPU
By Application
- Natural Language Processing,
- Robotics
- Computer Vision
- Network Security
By Technology
- System-on-chip
- System-in-package
- Multi-chip module
By Industry Vertical
- Media & Advertising
- BFSI
- IT & Telecom
- Retail, Healthcare
- Automotive & Transportation
- Manufacturing
- Automotive
- Agriculture
- Cybersecurity
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Artificial Intelligence Chip Market Demand
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The Global Artificial Intelligence (AI) Chip Market size was valued to USD 9.29 billion in 2019, and it will elevate to USD 253.30 billion by 2030, with a CAGR of 35.0% from 2020-20Artificial Intelligence (AI) Chip Market30.The report Artificial Intelligence (AI) Chip Market wilArtificial Intelligence (AI) Chip Marketl function as a medium for the better assessment of the existing and future situations of the global market.
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The report will offer them buyers with detailed direction to the growth in market that would further provide them a competitive edge during the forecast period 2020 to 2030.Access Full Description of this report at:-https://www.nextmsc.com/report/artificial-intelligence-chip-market Top Companies: Advanced Micro Devices, Inc., IBM Corporation, Micron technology, Inc., Qualcomm Incorporated, Xilinx, Inc., Alphabet Inc. (Google), Intel Corporation, NVIDIA Corporation, Samsung electronics Co., Ltd., and Huawei Technologies Co., Ltd and others.The report offers a comprehensive analysis of the Artificial Intelligence (AI) Chip Market inclusive of product portfolio, categories, applications, and a comprehensive analysis of the value chain structure.
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This includes Porter’s Five Powers and PESTLE research to equip the company with critical knowledge and comparative statistics on the Global Artificial Intelligence (AI) Chip Industry.
