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    Artificial Intelligence Chips Market Report

    Artificial Intelligence Chips Market Report
    Report code - SR1402 Delivery - 2 Weeks
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    Artificial Intelligence Chips Market Trends, Dynamics & Market Insights
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    Impact of COVID-19 on Artificial Intelligence Chips Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Artificial Intelligence Chips Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    The Artificial Intelligence Chips Market is projected to grow from USD 7.6 billion in 2020 to USD 70.9 billion by 2026 at a CAGR of around 42.3% during the forecast period.

    Figure: Artificial Intelligence Chips Market Size, 2020-2026 (USD Billion)

    Artificial-Intelligence-Chips-Market-Forecast

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    What is artificial intelligence chip?

    Artificial intelligence chip is known as silicon chip which integrates 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.

    Key Players

    Key players operating in the Artificial Intelligence Chips market are-

    • Alphabet Inc. (US)
    • Broadcom Inc. (US)
    • Intel Corporation (US)
    • Nvidia Corporation (US)
    • Qualcomm (US)
    • Advanced Micro Devices, Inc. (US)
    • Huawei Investment & Holding Co., Ltd (China)
    • International Business Machines Corporation (US)
    • Samsung Electronics Co., Ltd (South Korea)
    • Taiwan Semiconductor Manufacturing Company Limited (Taiwan).

    Market Dynamics

    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.

    Segments' Analysis

    Application Trends

    By application, the artificial intelligence chips market has been bifurcated into healthcare, manufacturing, automotive, retail, cybersecurity, and others. The automotive segment accounted for the largest market share in 2020 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 Trends

    By region, the market in North America accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. 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.

    COVID-19 Impact on Artificial Intelligence Chips Market

    Covid-19 outbreak impacted the growth of the artificial intelligence chips 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.

    Critical Questions Answered in the Report

    • What are the key trends in the Artificial Intelligence Chips market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the Artificial Intelligence Chips market?
    • What are the key strategies adopted by the major vendors to lead in the Artificial Intelligence Chips market?
    • What is the market share of the top vendors?

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    Target Audience

    Here is the list of the group of customers that the artificial intelligence chips market hopes to have the greatest opportunity to convert-

    • Artificial intelligence chips distributors
    • Artificial intelligence chips suppliers
    • Artificial intelligence chips manufacturers
    • Logistics organizations
    • Government bodies

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The artificial intelligence chips market is expected to witness an impressive growth of 42.3% CAGR in the coming years.

    Alphabet Inc. (US). Broadcom Inc. (US), Intel Corporation (US), Nvidia Corporation (US), Qual-comm (US), Advanced Micro Devices, Inc. (US), Huawei Investment & Holding Co., Ltd (China), International Business Machines Corporation (US), Samsung Electronics Co., Ltd (South Korea), and Taiwan Semiconductor Manufacturing Company Limited (Taiwan) are among the key players in the artificial intelligence chips market.

    The artificial intelligence chips market size is expected to reach USD 70.9 billion in the foreseeable future.

    The automotive segment is expected to register significant growth in the artificial intelligence chips market in the coming years.

    North America accounted for the largest share in the artificial intelligence chips market in 2020.

    Artificial intelligence chips distributors, Artificial intelligence chips suppliers, Artificial intelligence chips manufacturers, Logistics organizations, Government bodies are the target audience in the artificial intelligence chips market.

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