Report Code: A04164 | Pages: 381 | ||
Tables: 187 | Charts: 97 |
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An AI chip refers to a specialized integrated circuit tailored for efficient and fast execution of AI tasks. These chips are purposefully crafted to expedite intricate algorithmic calculations, crucial for various AI applications. They harness parallel processing abilities, unique neural network architectures, and optimized memory structures to achieve remarkable performance improvements compared to general-purpose processors. AI chips play a pivotal role that propel AI technology forward, enabling real-time inference and training for diverse applications.
Artificial Intelligence Chip Industry find practical utility across a broad spectrum of industries and applications. In the realm of autonomous vehicles, they drive tasks such as identifying objects, merging sensor data, and making decisions, thus bolstering safety and enabling self-driving capabilities. In healthcare, AI chips are instrumental in analyzing medical images, facilitating diagnoses from X-rays, MRIs, and CT scans. Language-related AI functions, such as voice recognition and language translation, owe their functionality to AI chips, leading to advances in virtual assistants and instantaneous language translation tools. Moreover, AI chips enhance the efficiency of financial services by enabling algorithmic trading, fraud detection, and risk assessment.
AI chips cater to a diverse array of end users spanning various sectors. Within the tech industry, companies creating AI-centric products and services, such as smartphones featuring AI-powered cameras or smart speakers with voice-activated helpers, incorporate AI chips to ensure smooth user experiences. Enterprises utilize AI chips within data centers to tackle tasks such as training expansive machine learning models and refining business operations through predictive analysis. Research institutions and academia leverage AI chips to push the frontiers of AI research, delving into novel algorithms and architectures. Ultimately, consumers benefit as end users of AI chips, reaping rewards from improved products and services reliant on accelerated AI processing, such as tailored streaming recommendations or intelligent home automation in Artificial Intelligence Chip Industry.
The impact of COVID-19 on the odor sensor market has been mixed, with some segments experiencing a decrease in demand while others are seeing an increase. The market is expected to recover as the world moves towards a post-pandemic environment and demand for AI chips continues to grow in various industries.
The artificial intelligence chip market size is segmented into Chip Type, Processing Type, Technology, Application and Industry Vertical.
By chip type, the artificial intelligence chip market share is categorized into GPU, ASIC, FPGA, CPU, and others. In 2022, the CPU segment dominated the market, in terms of revenue, and ASIC segment will acquire highest CAGR during the forecast period.
By processing type, the artificial intelligence chip market growth categorized into edge and cloud. In 2022, the edge segment dominated the market, in terms of revenue, and will acquire major market share till 2032.
By technology, the market is categorized into system-on-chip, system-in-package, multi-chip module, and others. In 2022, the system-on-chip segment dominated the market, in terms of revenue, and will acquire major market share till 2032.
The applications analyzed in the study are natural language processing (NLP), robotics, computer vision, network security and others. In 2022, the natural language processing (NLP) segment dominated the market, in terms of revenue, and will acquire major market share till 2032.
The industry verticals considered in the study include media & advertising, BFSI, IT & telecom, retail, healthcare, automotive & transportation, and others. In 2022, the healthcare segment dominated the market, in terms of revenue, and will acquire major market share till 2032.
Region-wise, the artificial intelligence chip Market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Competitive Analysis
Competitive analysis and profiles of the major global artificial intelligence chip market players that have been provided in the report include Qualcomm Technologies Inc., Baidu, MediaTek Inc, NVIDIA Corporation (Mellanox Technologies), Alphabet Inc., Mythic, NXP Semiconductors, Intel Corporation, Samsung Electronics Co Ltd, Advanced Micro Devices Inc.(Xilinx Inc.), and SoftBank Corp.
Country Analysis
Country-wise, the U.S. acquired a prime share in the artificial intelligence chip market in the North American region and is expected to grow at a significant CAGR during the forecast period of 2023-2032.
In Europe, UK, dominated the artificial intelligence chip market, in terms of revenue, in 2022 Â and is expected to follow the same trend during the forecast period. However, the Germany is expected to emerge as the fastest-growing country in Europe's artificial intelligence chip with a CAGR of 39.3%.
In Asia-Pacific, China is expected to emerge as a significant market for the artificial intelligence chip industry, owing to a significant rise in investment by prime players and government institutions to security solutions in the region.
By LAMEA region, the Africa country garner significant market share in 2022. The LAMEA artificial intelligence chip market has been witnessing improvement, owing to the growing inclination of companies towards research and development across this region. Moreover, the Africa region is expected to grow at a high CAGR of 42.2% from 2023 to 2032.
HISTORICAL DATA & INFORMATION
The global artificial intelligence chip market forecast is highly competitive, owing to the strong presence of existing vendors. Vendors of artificial intelligence chip with extensive technical and financial resources are expected to gain a competitive advantage over their competitors because they can cater to market demands. The competitive environment in this artificial intelligence chip market outlook is expected to worsen as technological innovations, product extensions, and different strategies adopted by key vendors increase.
Key Developments/ Strategies
Qualcomm Technologies Inc., Baidu, MediaTek Inc, NVIDIA Corporation (Mellanox Technologies), Alphabet Inc., Mythic, NXP Semiconductors, Intel Corporation, Samsung Electronics Co Ltd, Advanced Micro Devices Inc.(Xilinx Inc.), and SoftBank Corp are the top companies holding a prime share in the artificial intelligence chip market. Top market players have adopted various strategies, such as product launch, acquisition, innovation, partnership, and others to expand their foothold in the Artificial Intelligence Chip Market Opportunity.
Artificial Intelligence Chip Market Report Highlights
Aspects | Details |
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Market Size By 2032 | USD 383.7 billion |
Growth Rate | CAGR of 38.2% |
Forecast period | 2022 - 2032 |
Report Pages | 381 |
By Chip Type |
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By Processing Type |
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By Technology |
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By Application |
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By Industry Vertical |
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By Region |
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Key Market Players | NVIDIA Corporation (Mellanox Technologies), Samsung Electronics Co Ltd, Alphabet Inc., Intel Corporation, SoftBank Corp., Baidu, Mythic, MediaTek Inc, NXP Semiconductors, Qualcomm Technologies Inc., Advanced Micro Devices Inc.(Xilinx Inc.) |
Other Key Market Players | GRAPHCORE LTD., GROQ, GYRFALCON TECHNOLOGY INC., HORIZON ROBOTICS, INC., HUAWEI TECHNOLOGIES CO. LTD., INTEL CORPORATION, INTERNATIONAL BUSINESS MANAGEMENT CORPORATION, KNUEDGE, INC., KRTKL INC., MEDIATEK, INC., MICRON TECHNOLOGY, INC., MICROSEMI CORPORATION, MYTHIC, INC., NEC CORPORATION, KOREA ELECTRONIC CERTIFICATION AUTHORITY, INC. (AI BRAIN, INC.), NVIDIA CORPORATION, NXP SEMICONDUCTORS N.V., QUALCOMM INCORPORATED, SAMSUNG ELECTRONICS CO. LTD., SHANGHAI THINK-FORCE ELECTRONIC TECHNOLOGY CO. LTD., SK HYNIX, INC., SOFTBANK GROUP CORP. (ARM HOLDINGS PLC), TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED, TENSTORRENT INC., TEXAS INSTRUMENTS INCORPORATED, TOSHIBA CORPORATION, UNIVERSITY OF CALIFORNIA SYSTEM (UNIVERSITY OF CALIFORNIA, DAVIS), WAVE COMPUTING, INC., XILINX, INC. |
Analyst Review
According to the insights of the CXOs of leading companies, the artificial intelligence chip market holds high potential for the semiconductor industry. The current business scenario has witnessed an increase in the demand for artificial intelligence chip, particularly in the developing regions such as China and India. Companies in this industry have adopted various novel techniques to provide customers with advanced and innovative product offerings. According to the insights of the CXOs of leading companies, the AI chip market signifies a promising future for the technological industry. Â
The current business scenario has witnessed an increase in the adoption of this technology, particularly in the developing regions. Companies have adopted innovative techniques to provide customers with advanced and innovative product offerings. The market is shifting toward smart homes, smart cities, and smart gadgets as a result of technical breakthroughs, which has caused the artificial intelligence (AI) chip market to experience remarkable growth. In addition, growing investments in AI start-ups and development of quantum computers are anticipated to boost market expansion during the forecast period. Other factors, such as widespread use of AI technology and development of robotics, fuel the market expansion. Â
However, the artificial intelligence (AI) chip market is expected to be constrained by high research costs and shortage of competent labor during the forecast period. In addition, significant increase in R&D, greater use of autonomous robotics across a variety of industrial verticals, and introduction of high-tech products are expected to open up new market opportunities, accelerating the growth of the artificial intelligence (AI) chip market. Based on region, North America exhibits the highest adoption of AI chips. Â
On the other hand, Asia-Pacific is expected to grow at a faster pace, predicting lucrative growth. The artificial intelligence chip market provides numerous growth opportunities to the market players such as Alphabet Inc. (Google Inc.), NXP Semiconductors N.V., Mythic Ltd., Intel Corporation, Baidu, Mediatek, Inc., NVIDIA Corporation, Qualcomm Incorporated, Advanced Micro Devices Inc., and Samsung Electronics Co. Ltd.Â
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The global artificial intelligence chip market holds a high potential for the semiconductor industry. The current business scenario witnessed an increase in the demand for AI chips, particularly in the developing regions, such as China, India, and others. Companies in this industry adopt various innovative techniques to provide customers with advanced and innovative product offerings.
The factors such as increase in demand for smart homes, development of smart cities, and emergence of quantum computing majorly drive the growth of the global market. Despite such advantages, lack of skilled workforce impedes the market growth. In the near future, increased adoption of AI chips in the developing regions and development of smarter robots are expected to provide lucrative growth opportunities for the key players operating in the global artificial intelligence chip market.
North America accounted for the highest revenue share in the global market in 2017 followed by Europe, Asia-Pacific, and LAMEA. However, LAMEA is expected to grow at a higher rate during the forecast period.
AMD (Advanced Micro Devices), Google, Inc., Intel Corporation, NVIDIA, Baidu, Graphcore, Qualcomm, Adapteva, UC-Davis, Mythic, and others are the key market players that occupy a significant revenue share in the artificial intelligence chip market.
A. The emergence of quantum computing and increased usage of autonomous robotic at various industry verticals.
A. Nature Language Processing is the leading application of Artificial Intelligence Chip Market.
A. North America is the largest regional market for Artificial Intelligence Chip.
A. The global artificial intelligence chip market was valued at $14,918.7 million in 2022.
A. SoftBank Group Corp., Alphabet Inc. (Google Inc.), NXP Semiconductors N.V., Mythic Ltd., Intel Corporation, Baidu, Mediatek, Inc., NVIDIA Corporation, Qualcomm Incorporated, Advanced Micro Devices Inc., and Samsung Electronics Co. Ltd.
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