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2021
Artificial Intelligence Chip Market

Artificial Intelligence Chip Market

by Chip Type (GPU, ASIC, FPGA, CPU, and Others), Application (Natural Language Processing (NLP), Robotics, Computer Vision, Network Security, and Others), Technology (System-on-chip, System-in-package, Multi-chip Module, and Others), Processing Type (Edge and Cloud), and Industry Vertical (Media & Advertising, BFSI, IT & Telecom, Retail, Healthcare, Automotive & Transportation, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030

Report Code: A04164
Pages: 379
Dec 2021 | 61966 Views
Author(s) : Avinash S
Tables: 169
Charts: 106
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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The global artificial intelligence chip market size is expected to reach $194.90 billion by 2030 from $8.02 billion in 2020, growing at a CAGR of 37.41% from 2021 to 2030.

The Automotive and Transportation segment impacted negatively, due to COVID-19 Pandemic.

Artificial intelligence (AI) chips are specialized silicon chips, which incorporate AI technology and are used for machine learning. AI helps in eliminating or minimizing the risk to human life in many industry verticals. The need for more efficient systems for solving mathematical and computational problems has become crucial, as the volume of data has increased. Thus, majority of the key players in the IT industry focus on developing AI chips and applications. In addition, the emergence of autonomous robotics is anticipated to provide potential growth opportunities for the artificial intelligence chip market players.

Global-Artificial-Intelligence-Chip-Market

Furthermore, multiple countries, especially the U.S., have witnessed a considerable growth in tech AI start-ups every year that are backed by various venture capitalists and venture capitals, thus increasing the market scope. Various key players innovate to build a dedicated platform. For instance, Mythic’s platform has an advantage of processing digital/analog calculations in memory, which results in enhanced performance, accuracy, and power life. Moreover, surge in need to integrate video surveillance & AI and rise in government spending for cyber security solutions that are integrated with real-time analytics & AI are anticipated to boost the artificial intelligence chip market growth.

Factors, such as increase in demand for smart homes & smart cities, rise in investments in AI startups, and emergence of quantum computing are expected to boost the growth of artificial intelligence chip market revenue during the forecast period. AI can provide impetus to initiate smart city programs in the developing countries such as India. Tools and technologies that are artificially intelligent possess a huge potential for transforming interconnected digital homes and smart cities. Furthermore, the creation of a chip that embeds in-built AI network has emerged as an opportunity for the artificial intelligence chip market players.

However, dearth of skilled workforce is one of the major restraints of the artificial intelligence chip market growth. Most of the tasks such as testing, bug fixing, cloud implementation, and others are taken over by AI chips; however, the delivery of such tasks lack essential skill sets. On the contrary, increased adoption of AI chips in the developing regions and development of smarter robots are expected to create lucrative opportunities for the artificial intelligence chip industry. Recent developments in the emerging economies such as China, South Korea, Japan, & India and high adoption of AI technology across various industry verticals including media & advertising, finance, retail, healthcare, automotive & transportation offer lucrative growth opportunities for artificial intelligence chip market.  

The artificial intelligence chip market share is segmented based on chip type, application, technology, processing type, industry vertical, and region. Based on chip type, the market is categorized into GPU, ASIC, FPGA, CPU, and others. The applications analyzed in the study are natural language processing (NLP), robotics, computer vision, network security, and others. System-on-chip, system-in-package, multi-chip module, and others are the technologies considered. Based on processing type, it is categorized into edge and cloud. The industry verticals considered in the study include media & advertising, BFSI, IT & telecom, retail, healthcare, automotive & transportation, and others.

Region-wise, the artificial intelligence chip market trends are analyzed across North America (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, the Middle East, and Africa). Asia-Pacific is expected to dominate the market due to an increase in adoption of AI technologies in several industries including BFSI, IT & telecom, healthcare, and automotive.

Top Impacting Factors

The prominent factors that impact the artificial intelligence chip market growth are surge in demand for smart homes & smart cities, rise in investments in AI startups, and emergence of quantum computing. However, dearth of skilled workforce restricts the artificial intelligence chip market growth. On the contrary, increased adoption of AI chips in the developing regions and development of smarter robots are expected to create lucrative opportunities for the market. Therefore, these factors are expected to definitely affect the global artificial intelligence chip industry during the forecast period.

Artificial Intelligence Chip Market
By Chip Type

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GPU segment is projected as one of the most lucrative segments.

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Competition Analysis

The major artificial intelligence chip market players, such as Advanced Micro Devices, Alphabet Inc. (Google Inc.), Apple, NXP Semiconductors N.V., Analog Devices, Inc., Intel Corporation, Mediatek, Inc., NVIDIA Corporation, Qualcomm Incorporated, and Microsemi Corporation, are focusing their investment on technologically advanced, cost-effective, and more secure products & solutions for various applications.

Covid-19 Impact Analysis

The ongoing COVID-19 pandemic has abruptly re-shaped the global economy. Sudden decline in development is expected to hamper the artificial intelligence chip market growth. The impact on the market was initially limited to only some regions, such as China, however expanded to other regions, including Europe and the U.S. later. This put a stop to global economic activity, which had a significant impact on product sales.

Artificial Intelligence Chip Market
By Industry Vertical

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Healthcare segment is expected to secure leading position during forecast period.

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Nowadays, governments in various countries around the world are swiftly implementing various measures to return the economy to a recovery path. Although leading players have witnessed COVID-19 pandemic fade in some regions, it has now spread around the world, and no one is able to predict when things may settle down.

Under this situation and at this point of time, it is extremely difficult to project the performance in the remaining months of the year. From this perspective, the market players have decided to promptly disclose full year projection, once a reasonable projection can be made. However, slowdown in productions by OEMs and reduction in demand for AI chip have slightly pulled down the market.

However, as vaccines roll out across the globe and the pandemic situation is better controlled, especially in North America and Europe, the recovery of the artificial intelligence chip market may get a boost.

Artificial Intelligence Chip Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific region would exhibit the highest CAGR of 41.3% during 2021-2030

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Key Benefits For Stakeholders

  • This study comprises analytical depiction of the global artificial intelligence chip market outlook along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall artificial intelligence chip market analysis is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and artificial intelligence chip market opportunities with a detailed impact analysis.
  • The current artificial intelligence chip market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and the artificial intelligence chip market share of key vendors.
  • The report includes the market trends and the revenue share of key vendors.

Artificial Intelligence Chip Market Report Highlights

Aspects Details
BY CHIP TYPE
  • GPU
  • ASIC
  • FPGA
  • CPU
  • Others
BY APPLICATION
  • Natural Language Processing (NLP)
  • Robotics
  • Computer Vision
  • Network Security
  • Others
BY TECHNOLOGY
  • System-on-chip (SoC)
  • System-in-package (SIP)
  • Multi-chip module
  • Others
BY PROCESSING TYPE
  • Edge
  • Cloud
BY INDUSTRY VERTICAL
  • Media & advertising
  • BFSI
  • IT & telecom
  • Retail
  • Healthcare
  • Automotive & transportation
  • Others
BY REGION
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, Germany, France, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Australia, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
By KEY PLAYERS
  • Advanced Micro Devices
  • Alphabet Inc. (Google Inc.)
  • Apple
  • NXP Semiconductors N.V.
  • Analog Devices, Inc.
  • Intel Corporation
  • Mediatek, Inc.
  • NVIDIA Corporation
  • Qualcomm Incorporated
  • Microsemi Corporation
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.
 

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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 demand for artificial intelligence chip, particularly in the developing countries such as China and India. Companies in this industry have adopted various novel techniques to provide customers with advanced and innovative product offerings.

The emergence of quantum computing and surge in implementation of AI chips in robotics drive the growth of the global AI chip market considerably. Furthermore, the emergence of autonomous robotics technology that develops and controls them autonomously is anticipated to provide potential growth opportunities for the market

Based on region, North America exhibits the highest adoption of AI chips. This is due to an increase in adoption of AI technologies in several industries including BFSI, IT & telecom, healthcare, and automotive. On the other hand, Asia-Pacific is expected to grow at a faster pace, predicting lucrative growth. The key players of the market focus on introducing technologically advanced products to remain competitive in the market. Product launch, agreement, collaboration, and partnership are expected to be the prominent strategies adopted by the market players. 
 

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