Artificial Intelligence (AI) Chip Market by Global Outlook 2021 - Advanced Micro Devices, Inc., IBM Corporation, Micron technology, Inc.

The Global Artificial Intelligence (AI) Chip Market size was valued to USD 9.29 billion in 2019, and it will elevate to USD 253.30 billion by 2030, with a CAGR of 35.0% from 2020-2030.

Artificial Intelligence Chips are special silicon chips, programmed for machine learning. AI Chips can processes vast amount of data, identify the underlying patterns, interpret the trends and utilize the feed to achieve specific goals. AI Chips are multi-functioning and can proficiently manage multiple operations at a time. The demand for AI Chip is consistently raising due to the increasing adoption of artificial intelligence in almost every industries, in areas such as voice recognition, object detection, medical or military simulation, intelligent routing, and autonomous driving among others. Adoption of artificial intelligence not only reduces the cost of operations, but increases the efficiency or the response time and minimizes the risk to human life at various levels in specific industry verticals.

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Top Companies: Advanced Micro Devices, Inc., IBM Corporation, Micron technology, Inc., Qualcomm Incorporated, Xilinx, Inc., Alphabet Inc. (Google), Intel Corporation, NVIDIA Corporation, Samsung electronics Co., Ltd., and Huawei Technologies Co., Ltd.

Market Dynamics and Trends

With the technological advancements the market is switching towards smart devices, smart homes, and smart cities, resulting to a tremendous elevation in the Artificial Intelligence (AI) Chip market. Furthermore, increased investments in AI start-ups along with emergence of quantum computers, are expected to elevate the market growth in future.

Other factors like wide application of AI technology and increase in robotics, catalyze to promote the market growth. However, high development cost and lack of skilled work-force tend to impede the growth of artificial intelligence (AI) chip market over the forecast period.

Moreover, the massive upsurge in research and development, increased use of autonomous robotic at various industry verticals, and high-tech product launches shall create new market-opportunities, fueling-up the growth-rate of artificial intelligence (AI) chip market, over the forecast period.

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Market Segmentations and Scope of the Study:

The global artificial intelligence (AI) chip market share analysis is based on chip type, application, architecture, processing type, end user and geography. Based on type of chip, the market is fragmented into GPU, FPGA, ASIC, CPU, and Others. Based on application, the market is segmented into Natural Language Processing (NLP), Robotic Process Automation, Computer Vision, Network Security, and Others. Based on architecture, the market is segmented into system-on-chip (soc), system-in-package (sip), multi-chip module, and others. Based on processing type, the market is divided into edge and cloud. Based on end-user, the market is segmented into media & advertising, BFSI, IT & telecom, retail, healthcare, automotive, and others. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America represents the higher adoption of the artificial intelligence chip technology, henceforth it is expected to hold the highest market share in the global Artificial intelligence (AI) chip market during the forecast period. This is attributable to the factors like; massive use of AI technology, increased use of smart devices, and wide application of AI chip in various industries.

The emerging economies, specifically the Asia-Pacific region shall witness an increasing market size in the global Artificial intelligence (AI) chip market, owing to the amplified adoption of AI technology and increased investment in the AI start-ups.

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