Overview and Scope
Artificial intelligence chips are specific computer chips designed to achieve high efficiency and speed for computations related to AI at the expense of low efficiency and speed for other calculations and that is used for assisting clients in obtaining business insights at scale across banking, finance, trading, insurance applications, and client engagements.
Sizing and Forecast
The artificial intelligence chip market size has grown exponentially in recent years. It will grow from $21.71 billion in 2023 to $30.04 billion in 2024 at a compound annual growth rate (CAGR) of 38.4%. The growth in the historic period can be attributed to increased data generation, rise in healthcare sector, investment in ai research, rise in retail and e-commerce, rise in economic growth.
The artificial intelligence chip market size is expected to see exponential growth in the next few years. It will grow to $117.07 billion in 2028 at a compound annual growth rate (CAGR) of 40.5%. The growth in the forecast period can be attributed to growing demand for data-intensive applications, advancements in machine learning algorithms, growing automotive sector, rising financial services, rising urbanization. Major trends in the forecast period include customized ai hardware, edge ai acceleration, quantum computing integration, neuromorphic computing, energy-efficient ai chips:.
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/artificial-intelligence-chip-global-market-report
Segmentation & Regional Insights
The artificial intelligence chip market covered in this report is segmented –
1) Artificial Intelligence Chip Market By Chip Type: GPU, ASIC, FPGA, CPU, Other Chip Types
2) Artificial Intelligence Chip Market By Processing Type: Edge, Cloud
3) Artificial Intelligence Chip Market By Technology: System-On-Chip (SoC), System-In-Package (SIP), Multi-Chip Module, Other Technologies
4) Artificial Intelligence Chip Market By Application: Natural Language Processing (NLP), Robotics, Computer Vision, Network Security, Other Applications
5) Artificial Intelligence Chip Market By Industry: Media and Advertising, BFSI, IT and Telecom, Retail, Healthcare, Automotive and Transportation, Other Industries
North America was the largest region in the artificial intelligence market in 2023. The regions covered in the artificial intelligence chip market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7639&type=smp
Major Driver Impacting Market Growth
An increase in demand for smart homes and smart cities is expected to propel the growth of the artificial intelligence chips market going forward. A ""smart city"" refers to a city that uses digital or information-communication technology to improve the comfort and efficiency of human life. One strategy for urbanisation that aims to achieve sustainable growth is making cities equipped with cutting-edge features for residents to live, walk, shop, and enjoy a safer and more convenient existence. For instance, in March 2022, according to an article shared by Arab News, a Middle East English-language daily newspaper, Saudi Arabia launched a new smart city project in Jeddah for light industries and auto repair, opening the first two stages of the city, the second of which is a 500,000 square metre labour city. A total of 5 million square metres is covered by the Smart City initiative. Further, According to Saudi Vision 2030, a Saudi Arabia-based strategic framework, the city is distinguished by an interconnected infrastructure and the application of digital and smart technology to offer automated services to customers. Therefore, the increase in demand for smart homes and smart cities is driving the growth of artificial intelligence chips.
Key Industry Players
Major companies operating in the artificial intelligence chip market include Intel Corporation, Mediatek Inc, NVIDIA Corporation, Qualcomm Technologies Inc., Advanced Micro Devices Inc, Alphabet Inc, NXP Semiconductors N.V, Micron Technology Inc, IBM Corporation, Apple Inc, Huawei Technologies Co Ltd, Mythic Inc, Samsung Electronics Co ltd., LG Corporation, Google LLC, Advanced Micro Devices Inc, Baidu, Mellanox Technologies, Xilinx Inc., Graphcore, Cerebras Systems, Habana Labs, Vinova Pte Ltd., MemryX Inc., BrainChip Holdings Ltd., NeuReality Ltd.
The artificial intelligence chip market report table of contents includes:
1. Executive Summary
2. Artificial Intelligence Chip Market Characteristics
3. Artificial Intelligence Chip Market Trends And Strategies
4. Artificial Intelligence Chip Market - Macro Economic Scenario
5. Global Artificial Intelligence Chip Market Size and Growth
.....
32. Global Artificial Intelligence Chip Market Competitive Benchmarking
33. Global Artificial Intelligence Chip Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Artificial Intelligence Chip Market
35. Artificial Intelligence Chip Market Future Outlook and Potential Analysis
36. Appendix
Explore the trending research reports from TBRC:
https://www.thebusinessresearchcompany.com/report/5g-infrastructure-equipment-global-market-report
https://www.thebusinessresearchcompany.com/report/5g-infrastructure-equipment-market
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
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.
It will be offering a 360-degree framework of the competitive landscape and dynamics of the market and related industries.
Further, it entails the major competitors within the market as well as budding companies along with their comprehensive details such as market share on the basis of revenue, demand, high-quality product manufacturers, sales, and service providers.
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.
Overall the report provides valuable information and an overview of the market scenario to gain a better understanding of the market.Request sample copy of this report at:-https://www.nextmsc.com/Artificial-Intelligence-Chip-Market/request-sample The study comes out as an intelligent and comprehensive appraisal tool as well as a reliable guide that will help you maintain a solid place in the global Artificial Intelligence (AI) Chip industry.
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.
