Artificial Intelligence Chip Market Size, Share, Report, Analysis 2022-2027

According to the latest report by IMARC Group, titled "Global Artificial Intelligence Chip Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027", the global artificial intelligence chip market reached a value of US$ 9.64 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 66.4 Billion by 2027, exhibiting a CAGR of 35.20% during 2022-2027.

Artificial intelligence (AI) chips refer to specialized silicon chips that comprise AI-specialized graphics processing units (GPUs), application-specific integrated circuits (ASICs), and field-programmable gate arrays (FPGAs). They utilize AI technology to solve complex computational and mathematical problems, manage large and parallel systems, and execute machine learning (ML) tasks while minimizing human errors. They are faster and more efficient than central processing units (CPUs) for the training and inference of AI algorithms and offer several benefits, including data privacy, security, and usability. As a result, AI chips find extensive applications in intelligent robots, smartphones, autonomous vehicles, voice recognition, and smart hardware.

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Artificial Intelligence Chip Market Trends and Drivers:

The global artificial intelligence chip market is primarily driven by the rising need for high-speed processors due to significant growth in data volume. In addition, there has been widespread acceptance of AI for enhancing customer services and reducing operational costs.

Besides this, extensive investments in the development of smart homes and smart cities have augmented the demand for AI chips.
Furthermore, several key players are engaging in research and development (R&D) activities to introduce advanced AI chips to produce high-speed computing processors that support bulk data and applications, thereby contributing to the market growth.

Other factors, including the advent of autonomous robotics, emerging applications of quantum computing and deep learning algorithms, shifting consumer inclination toward the Internet of Things (IoT) devices, and technological advancements, are also anticipated to propel the market growth.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Artificial Intelligence Chip Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key 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 N.V., Qualcomm Technologies Inc, SK hynix Inc. and Toshiba Corporation.

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The report has segmented the market on the basis of region, chip type, technology, processing type, application and industry vertical.

Breakup by Chip Type:
• GPU
• ASIC
• FPGA
• CPU
• Others

Breakup by Technology:
• System-on-Chip (SoC)
• System-In-Package (SIP)
• Multi-Chip Module
• Others

Breakup by Processing Type:
• Edge
• Cloud

Breakup by Application:
• Natural Language Processing (NLP)
• Robotics
• Computer Vision
• Network Security
• Others

Breakup by Industry Vertical:
• Media and Advertising
• BFSI
• IT and Telecom
• Retail
• Healthcare
• Automotive and Transportation
• Others

Breakup 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

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key 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
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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