According to the latest report of the IMARC group, entitled “Global Artificial Intelligence Chips Market Size, Share, Trends, Growth, Opportunities and Forecast 2022-2027“, the global artificial intelligence chip market reached a value of US$9.64 billion in 2021. Looking ahead, IMARC Group expects the market to reach a value of US$66.4 billion US dollars by 2027, growing at a CAGR of 35.20% in 2022-2027.
Artificial intelligence (AI) chips refer to specialized silicon chips that include specialized AI graphics processing units (GPUs), application-specific integrated circuits (ASICs), and programmable gate arrays in the field (FPGA). They use AI technology to solve complex computational and mathematical problems, manage large parallel systems, and perform machine learning (ML) tasks while minimizing human error. They are faster and more efficient than central processing units (CPUs) for training and inferring AI algorithms and offer several advantages including data privacy, security, and user-friendliness. As a result, AI chips find wide applications in smart robots, smartphones, autonomous vehicles, voice recognition, and smart hardware.
Base year: 2021
Forecast year: 2022-2027
Artificial Intelligence Chips Market Trends and Drivers:
The global artificial intelligence chip market is mainly driven by the growing need for high-speed processors owing to the significant growth in data volume. Furthermore, AI has been widely accepted to improve customer services and reduce operational costs.
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Also, large investments in the development of smart homes and smart cities have increased the demand for AI chips. In addition, several key players are engaging in research and development (R&D) activities to introduce advanced AI chips to produce high-speed computer processors that support bulk data and applications, thus contributing to market growth.
Other factors including the advent of autonomous robotics, emerging applications of quantum computing and deep learning algorithms, shifting consumer inclination towards Internet of Things devices ( IoT) and technological advancements, are also expected to propel the growth of the market.
Note: We regularly track the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
2022-2027 Global Artificial Intelligence Chips Market Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the major players operating in the market.
Advanced Micro Devices Inc., Huawei Technologies Co. Ltd., Intel Corporation, LG Electronics Inc. (LG Corporation), Mediatek Inc., Micron Technology Inc., Mythic Inc., Nvidia Corporation, NXP Semiconductors NV, Qualcomm Technologies Inc., SK hynix Inc. and Toshiba Corporation.
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The report has segmented the market based on region, chip type, technology, process type, application, and industry vertical.
Breakdown by chip type:
Breakdown by technology:
• System on a chip (SoC)
• Integrated system (SIP)
• Multi-chip module
Breakdown by type of treatment:
Breakdown by application:
• Natural Language Processing (NLP)
• computer vision
• internet security
Breakdown by vertical industry:
• Media and advertising
• IT and Telecom
• Health care
• Automotive and transportation
Breakdown by region:
• North America: (United States, Canada)
• Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
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Main highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s Five Forces Analysis
• Market drivers and success factors
• SWOT analysis
• Value chain
• Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we can provide it to you as part of the customization.
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