Artificial city

With a CAGR of 38.9%, the market for artificial intelligence chipsets

Pune, India, Sep 07, 2022 (GLOBE NEWSWIRE) — The global Artificial Intelligence Chipset market size is expected to reach USD 108.85 billion by 2027, growing at a CAGR of 38.9% during the period. forecast [2022 – 2027]. Growing implementation of 3D technology along with neural networks and deep learning technologies will drive the healthy growth of the market over the forecast period, says Fortune Business Insights, in a report titled “artificial intelligence chipset market Share, Size and Impact Analysis COVID-19, by Chipset Type, by Application, by Computer Technology, by Function, by Industry and Regional Forecast, 2022-2027. The market size stood at USD 8.14 billion in 2019.

Key development:

July 2019: MediaTek Inc. has announced the launch of its new AI chipsets – “MTK i700” which features cutting-edge high-speed AI computing for fast image recognition, AR applications, smart homes, stores and factories, etc.

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Report Scope:

Report cover Details
Forecast period 2022-2027
Forecast Period 2022 to 2027 CAGR 38.9%
2027 value projection $108.85 billion
Year of reference 2019
Artificial intelligence chipsets market size in 2019 $8.14 billion
Historical data for 2016-2018
Number of pages 160
Segments Covered By chipset type; Application; computer technology ; Function; Industry and region
Artificial Intelligence Chipset Market Growth Drivers Popularity of AI-Based Solutions to Drive Market During Coronavirus
Lack of skilled AI workforce to inhibit the market

Market engine:

Increase knowledge of quantum computing to foster growth

  • The increasing adoption of quantum computing technology to solve complex problems and perform analytical calculations will create opportunities for the market. For example, Google LLC’s Sycamore quantum computer is currently the fastest computer capable of performing a specific task in about 200 seconds. Quantum computers are enabled with technologies such as artificial intelligence, machine learning, computer vision, big data, AR/VR and others.
  • Growing knowledge about quantum computing will drive the demand for artificial intelligence chipsets, which will contribute to the growth of the market. Quantum computing is used in various functions such as fraud detection, risk management, portfolio optimization, and applications requiring instantaneous data response. The growing adoption of risk management solutions by organizations will positively contribute to the growth of the market in the near future.

Popularity of AI-Based Solutions to Drive Market During Coronavirus

  • The production of AI chipsets has been greatly affected by the coronavirus. According to Industrial Production Index (IPI) data, in 2020, manufacturing sector output fell by 11.1% in July as the covid-19 lockdown slowed down the manufacturing process.
  • However, the demand for such chipsets has improved significantly during the pandemic due to the adoption of AI in various industries. Various industries such as automotive, manufacturing, and others have implemented AI solutions to facilitate processes. Also, the focus on advanced AI-based solutions by prominent players will help the market amid the coronavirus. For example, in May 2020, Nvidia Corporation extended its EGX Edge AI platform by introducing new products called EGX Jetson Xavier NX and EGX A100.

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The whole world is battling the novel coronavirus, leaving many industries distraught. Authorities in several countries have implemented lockdowns to prevent the spread of this deadly virus. Such plans have caused disruptions in the production and supply chain. But, with time and resolve, we can beat this difficult time and return to normality. Our well-reviewed reports will help businesses to receive detailed information about the current scenario of each market so that you can adopt necessary strategies accordingly.

The Artificial Intelligence (AI) Chipset Market Report Emphasizes:

  • Global market analysis
  • Dynamic Segment Previews
  • Detailed Data on Dominant Regions
  • Key facts about top tier players
  • Latest developments
  • Market drivers and restraints
  • Influence of COVID-19

Regional analysis:

Emergence of startups to propel the market in Asia-Pacific

Asia-Pacific is expected to dominate the global market thanks to developing economies such as South Korea, India, and China. Growing acceptance of AI-based solutions will drive healthy market growth in the region. The Singapore government has established an AI Ethics Advisory Council as part of its AI strategy to deploy AI applications in various sectors in 2018. The strong startup ecosystem is expected to further drive the market by Asia Pacific. Europe is expected to hold the largest share of the global market owing to the presence of AI solution providers in European countries. The increasing emphasis on R&D investments coupled with the adoption of artificial intelligence technologies will therefore support the market growth in Europe. The Middle East and Africa is expected to witness rapid growth over the forecast period due to smart city initiatives in the region.

Market segmentation :


Segmentation

By Chipset type
  • Graphics Processing Unit (GPU)
  • Field Programmable Gate Arrays (FPGAs)
  • Application-specific integrated circuit (ASIC)
  • Others (Central Processing Unit (CPU), etc.)
By Application
  • Natural Language Processing (NLP)
  • Robotic Process Automation (RPA)
  • machine learning
  • computer vision
  • Others (context-aware computing, etc.)
By computer technology
  • cloud computing
  • Edge Computing
By Function
By industry
  • Consumer electronics
  • Health care
  • BFSI
  • IT & Telecom
  • Manufacturing
  • Automotive
  • Detail
  • Others (government, etc.)

Companies Featured in the Artificial Intelligence Chipsets Market Report:

  • NVIDIA Corporation (California, USA)
  • Intel Corporation (California, USA)
  • Xilinx, Inc. (California, USA)
  • Samsung Electronics Co., Ltd. (Suwon-si, South Korea)
  • Micron Technology, Inc. (Idaho, USA)
  • Kneron (California, USA)
  • Alibaba Group Holding Limited (Hangzhou, China)
  • Qualcomm Technologies, Inc. (California, USA)
  • International Business Machines Corporation (IBM) (New York, USA)
  • Alphabet Inc. (Google LLC) (California, USA)
  • Microsoft Corporation (Washington, USA)
  • Amazon Web Services (AWS) (Washington, USA)
  • Advanced Micro Devices, Inc. (AMD) (California, USA)
  • General Vision, Inc. (California, USA)
  • Huawei Technologies Co., Ltd. (Shenzhen, China)
  • Graphcore Limited (Bristol, UK)
  • MediaTek Inc. (Hsinchu, Taiwan)
  • Fujitsu Limited (Tokyo, Japan)
  • Wave Computing, Inc. (California, USA)
  • Mythic Inc. (Texas, USA)
  • Koniku Inc (California, USA)
  • Tentorrent Inc. (Ontario, Canada)
  • SambaNova Systems Inc (California, USA)
  • Kalray Corporation (Isere, France)
  • XMOS Limited (Bristol, UK)
  • GreenWaves Technologies (Isère, France)

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Main points of the table of contents:

  • Introduction
    • Definition, by segment
    • Methodology/Research Approach
    • Information source
  • Key points to remember
  • Market dynamics
    • Macro and micro economic indicators
    • Drivers, constraints, opportunities and trends
    • Impact of COVID-19
      • Short term impact
      • Long term impact
  • Competition landscape
    • Business strategies adopted by key players
    • Consolidated SWOT analysis of key players
    • Porter’s Five Forces Analysis
    • Global Market Share Analysis and Matrix, 2019
  • Key market insights and strategic recommendations
  • Profiles of key players
    • Insight
      • Key management
      • Headquarters, etc.
    • Offers/Business Segments
    • Key details
      • Employee size
      • Key financial data
        • Past and current income
        • Gross margin
        • Geographic share
        • Industry share
    • RECENT DEVELOPMENTS
  • Primary Interview Responses
  • Annex / Appendix
    • Global Artificial Intelligence Chipset Market Size Estimates and Forecasts (Quantitative), by Segment, 2016-2027
      • By chipset type (value)
        • Graphics processing unit (GPU)
        • Field Programmable Gate Arrays (FPGAs)
        • Application-specific integrated circuit (ASIC)
        • Others (Central Processing Unit (CPU), etc.)
      • By application (value)
        • Natural Language Processing (NLP)
        • Robotic Process Automation (RPA)
        • machine learning
        • computer vision
        • Others (context-aware computing, etc.)
      • By computer technology (value)
        • cloud computing
        • Edge Computing
      • By function (value)
      • By industry (value)
        • Consumer electronics
        • Health care
        • BFSI
        • IT & Telecom
        • Manufacturing
        • Automotive
        • Detail
        • Others (government, etc.)
      • By region (value)
        • North America
        • South America
        • Europe
        • Middle East and Africa
        • Asia Pacific
    • North America Artificial Intelligence Chipset Market Size Estimates and Forecasts (Quantitative), by Segment, 2016-2027

TOC Continued…!

FAQs:

Who is the leader in AI chips?

IBM Corporation, NVIDIA Corporation, Intel Corporation, Huawei Technologies Co., Ltd. and Samsung Electronics Co., Ltd. are the main companies in the market.

Which industry segment holds the major share of the AI ​​chipsets market?

The consumer electronics segment holds the majority of the market.

What is the size of the artificial intelligence chipsets market?

The global Artificial Intelligence Chipsets market size was USD 8.14 Billion in 2019 and is projected to reach USD 108.85 Billion by 2027, growing at a CAGR of 38.9% during the forecast period.

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