Artificial Intelligence Chips Market by Chip Type (GPU, ASIC, FPGA, CPU), Technology (Machine Learning, Predictive Analysis, Natural Language Processing, Others), End-Use (Healthcare, Manufacturing, Automotive, Retail, Cybersecurity, Others), and Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, Japan, South Korea, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others]).
Artificial Intelligence Chips Market by Chip Type (GPU, ASIC, FPGA, CPU), Technology (Machine Learning, Predictive Analysis, Natural Language Processing, Others), End-Use (Healthcare, Manufacturing, Automotive, Retail, Cybersecurity, Others), and Region...
"The global artificial intelligence chips market was valued at US$ 10.81 billion in 2021 and is projected to reach US$ 127.77 billion by 2028, registering a CAGR of 42.30% during the forecast period."
Artificial intelligence chips known as silicon chips integrate AI technology to minimize human errors and solve computational & mathematical problems. The artificial intelligence chips are designed to handle large and parallel systems effectively. Artificial intelligence chips address the increasing necessity for faster processing due to enabled machine learning.
The growth of the AI chips market is primarily driven by the rising adoption of advanced technologies across verticals including healthcare, automotive, retail, and cybersecurity. The increasing growth of the end-use industries, primarily healthcare and automotive, is likely to drive market growth at a significant rate during the review period. Increasing demand for advanced chips in developing countries is likely to create lucrative opportunities for the players operating in the global market in the coming years.
The rising adoption of AI chips in data centers for high-speed training and inference tasks of deep learning is contributing to the market growth. New-age products such as smartphones, robots, drones, etc. are now implementing classic machine-learning tasks based on these new-age chips. AI chips are making it possible for wearables, drones, and robots to apply computational imaging solutions, leading to the development of advanced computer vision. AI chips for Natural Language Processing (NLP) applications have received an increased adoption because of the growth of chatbots and online channels that rely on NLP to decipher the messages and conversational rationality of users. The market for AI chips is expected to grow in the future due to the integration of Ai chips in the automobile industry for use of in vehicle computational devices and smart homes.
COVID-19 Impact
The COVID-19 outbreak impacted the growth of the market positively. The spread of coronavirus led to the enforcement of lockdown to curb the spread of the virus. This led to travel restrictions and supply chain disruptions, which in turn resulted in an increased emphasis on the adoption of advanced technologies to monitor business operations manually.
Note: The above list does not necessarily include all the top players in the market.
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Segment Analysis
End-Use Trends
"The automotive segment accounted for the largest market share."
The AI chips market has been bifurcated into healthcare, manufacturing, automotive, retail, cybersecurity, and others. The automotive segment accounted for the largest market share in 2021 and is projected to register significant growth during the review period. The segment growth can be attributed to the rising adoption of advanced technologies in the automotive industry.
Regional Insights
"North Americaaccounted for the largest market share."
North America accounted for the largest market share in 2021 and is projected to grow at a significantCAGR during 2022-2028. The regional growth can be attributed to the high adoption rate of advanced technologies in the end-use industries coupled with the presence of key market players such as Alphabet Inc. (US) and Broadcom Inc. (US). The market in Asia-Pacific is expected to be driven by the rising adoption of artificial intelligence in the end-use industries, particularly in China and India.
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In-depth analysis of the Artificial Intelligence Chips Market
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Global, regional and country level historical data and forecasts
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Market segment analysis and forecast
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This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The market is segmented into the following categories:
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s artificial intelligence chips market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
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Recent Developments
November 2022 - Chipmaker Astera Labs said on Thursday it was valued at $3.15 billion following a late-stage funding round led by Fidelity Management & Research, signaling investors' bullishness on the semiconductor sector. The company raised $150 million in the latest round amid an upbeat long-term outlook for chips, especially as growth in artificial intelligence, Internet of Things and machine learning segments booms.
October 2022 - Artificial intelligence-based chip startup SiMa.ai said, it has raised $37 million in a Series B1 round from Dell Technologies founder-backed MSD Partners. The latest round, an extension of $30-million Series B round SiMa.ai closed in May, takes the total capital raised by the California-headquartered firm to $187 million. In India, the startup has a team of over 100 employees in Bengaluru.
September 2022 -TOKYO — Japan is providing a major U.S. chipmaker a subsidy of up to 46.6 billion yen ($322 million) to support its plan to produce advanced memory chips at a Hiroshima factory, the Japanese trade minister said.
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Artificial intelligence chip is known as silicon chip which integrates AI technology to minimize human errors and solve computational & mathematical problems. Artificial intelligence chips are designed to handle large and parallel systems effectively. Artificial intelligence chips address the increasing necessity for faster processing due to enabled machine learning.
The growth of the artificial intelligence chips market is primarily driven by the rising adoption of advanced technologies across verticals including healthcare, automotive, retail, and cybersecurity. Increasing growth of the end-use industries primarily healthcare and automotive is likely to drive the market growth at a significant rate during the review period. In addition to this, increasing demand for advanced chips in developing countries is likely to create lucrative opportunities for the players operating in the global market in the coming years.
