USD 12.72 billion
Report ID: SQMIG45K2081 | Region: Global | Published Date: March, 2024 | Pages: 197 | Tables: 152 | Figures: 78
Global Artificial Intelligence (AI) Chipset Market size was valued at USD 12.72 billion in 2022 and is poised to grow from USD 17.45 billion in 2023 to USD 218.83 billion by 2031, growing at a CAGR of 37.18% during the forecast period (2024-2031).
The growth of AI technology has been fueled by advancements in technology and the widespread use of smart devices. AI chipsets, which are designed to perform complex mathematical computations and algorithms, have emerged as a crucial technology in this field. They are used in a wide range of devices, from smartphones and smart speakers to self-driving cars and industrial robots. The global AI chipset market is expected to experience significant growth in the coming years due to several factors, including rising investments in AI research and development, growing demand for AI-based products and services, and increasing adoption of AI chipsets in various industries. The market is being driven by the need for more powerful and efficient AI chipsets to meet the demands of emerging technologies such as autonomous vehicles, robotics, and edge computing. These technologies require highly sophisticated AI algorithms and computations that can only be achieved through the use of advanced AI chipsets. As the demand for these technologies continues to grow, the market for AI chipsets is expected to expand significantly. Additionally, the increasing adoption of AI-based products and services across various industries, including healthcare, finance, and retail, is also driving the growth of the AI chipset market.
US Artificial Intelligence (AI) Chipset Market is poised to grow at sustainable CAGR for the next forecast year.
Global Market Size
USD 12.72 billion
Largest Segment
Edge
Fastest Growth
Edge
Growth Rate
37.18% CAGR
To get more reports on the above market click here to Buy The Report
The global AI chipset market can be segmented by chip type, processing type, technology, application, and industry vertical. Based on chip type, the market can be divided into GPU, ASIC, FPGA, CPU, and others. By processing type, the market can be categorized into edge and cloud. On the basis of technology, the market can be segmented into system on chip, system in package, multi-chip module, and others. In terms of application, the market can be classified into natural language processing, robotics, computer vision, network security, and others. By industry vertical, the market can be segmented into media and advertising, BFSI, IT and telecom, retail, healthcare, automotive and transportation, and others. Based on region the global Artificial Intelligence (AI) Chipset Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Artificial Intelligence (AI) Chipset Market Analysis by Processing Type
The AI chipset market is segmented based on processing type into edge and cloud computing. The edge computing segment is expected to witness significant growth in the coming years due to the increasing need for AI-powered devices that can operate independently without relying on cloud connectivity. Edge computing involves the processing and analysis of data on the device itself, enabling faster decision-making and reducing latency. This technology is particularly useful in applications such as self-driving cars, industrial automation, and smart home devices.
On the other hand, cloud computing involves the use of remote servers to store, manage, and process data. This technology enables organizations to leverage the power of AI without the need for expensive on-premises infrastructure. The cloud computing segment is also witnessing significant growth, driven by the rising demand for AI-powered applications and services across various industries. The adoption of cloud-based AI solutions is particularly high in industries such as healthcare, finance, and retail, where AI-powered analytics can help organizations gain valuable insights from large amounts of data.
To get detailed analysis on other segments, Request For Sample Report
North America dominated the global AI chipset market in 2020, accounting for the largest market share. This growth can be attributed to the presence of major AI chipset manufacturers such as Intel Corporation, Nvidia Corporation, and Advanced Micro Devices (AMD) in the region. The United States, in particular, is witnessing a surge in investments in AI research and development, with major companies investing heavily in the technology. This, coupled with the widespread adoption of AI-based products and services across various industries, is expected to fuel the growth of the AI chipset market in North America in the coming years.
Asia-Pacific is expected to witness significant growth in the global AI chipset market in the coming years. The region is witnessing an increasing adoption of AI technology across various industries, including healthcare, automotive, and manufacturing. Additionally, the region is experiencing a surge in investments in AI startups and research, which is expected to drive the growth of the market. Countries such as China, Japan, and South Korea are leading the way in AI development, with significant investments being made in research and development, infrastructure, and talent development. As a result, the Asia-Pacific region is poised to become a major player in the global AI chipset market.
Europe is also expected to witness significant growth in the global AI chipset market in the coming years. The region has a strong focus on innovation and technology, with several countries such as Germany and the United Kingdom investing heavily in AI research and development. Additionally, the growing adoption of AI technology in various industries such as healthcare, manufacturing, and automotive is expected to drive the growth of the market in Europe. The region is also witnessing a surge in AI startups and research, which is expected to further fuel the growth of the AI chipset market in Europe.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Artificial Intelligence (AI) Chipset Market Drivers
Artificial Intelligence (AI) Chipset Market Restraints
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
The global AI chipset market is highly competitive, with a large number of players operating in the market. Some of the key players in the market include Intel Corporation, Nvidia Corporation, Advanced Micro Devices (AMD), Qualcomm Incorporated, Huawei Technologies Co. Ltd., and Samsung Electronics Co. Ltd. These players are investing heavily in research and development to develop more advanced and cost-effective AI chipsets that can meet the growing demand for AI-based products and services. They are also focusing on strategic partnerships and collaborations to expand their reach and enhance their product offerings.
The market is also witnessing the entry of several new players, particularly in emerging markets such as Asia-Pacific and Latin America. These players are offering more cost-effective solutions to cater to the demand for AI technology in these regions. Additionally, the market is witnessing a trend towards consolidation, with larger players acquiring smaller ones to expand their product offerings and reach. The competition in the global AI chipset market is expected to remain highly dynamic in the coming years, driven by the rapid pace of technological advancements and increasing demand for AI-based products and services.
Artificial Intelligence (AI) Chipset Market Top Player’s Company Profiles
Artificial Intelligence (AI) Chipset Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, we found that the global AI chipset market is poised for significant growth in the coming years, driven by the increasing demand for AI-based products and services across various industries. Advancements in AI technology, particularly in deep learning and machine learning, have resulted in the development of high-performance AI chipsets that are critical components in a wide range of devices, from smartphones to autonomous vehicles. North America currently holds the largest share of the market, thanks to the presence of major players such as Intel, Nvidia, and AMD, along with increasing investments in AI research and development. However, Asia-Pacific is expected to witness significant growth in the coming years due to increasing adoption of AI technology in various industries and a surge in investments in AI startups and research.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 12.72 billion |
Market size value in 2031 | USD 218.83 billion |
Growth Rate | 37.18% |
Base year | 2022 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Artificial Intelligence (AI) Chipset Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Artificial Intelligence (AI) Chipset Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Artificial Intelligence (AI) Chipset Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Artificial Intelligence (AI) Chipset Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Our industry expert will work with you to provide you with customized data in a short amount of time.
SPEAK TO AN ANALYSTGet lifetime access to our reports
Basic Plan $5,000 Team Plan $10,000 SUBSCRIBE NOWWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Product ID: SQMIG45K2081