The generative artificial intelligence (ai) chipset global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Generative Artificial Intelligence (AI) Chipset Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The generative artificial intelligence (AI) chipset market size has grown exponentially in recent years. It will grow from $25.19 billion in 2023 to $32.30 billion in 2024 at a compound annual growth rate (CAGR) of 27.8%. The growth in the historic period can be attributed to increasing computational power needs, increasing deep learning, increasing investments in AI research, increasing demand for real-time AI processing, and increasing consumer interest in AI-powered devices.
The generative artificial intelligence (AI) chipset market size is expected to see exponential growth in the next few years. It will grow to $86.24 billion in 2028 at a compound annual growth rate (CAGR) of 27.9%. The growth in the forecast period can be attributed to the explosion of big data, development of GPUs, cloud computing growth, support for mixed precision computing, and government initiatives and funding. Major trends in the forecast period include integration of edge computing, integration with FPGA and ASIC technologies, advanced cooling solutions, cross-platform compatibility, and advanced interconnect technology.
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Scope Of Generative Artificial Intelligence (AI) Chipset Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Generative Artificial Intelligence (AI) Chipset Market Overview
Market Drivers –
The growing adoption of cloud-based solutions is expected to propel the growth of the generative artificial intelligence (AI) chipset market going forward. Cloud-based solutions refer to services and resources that are delivered over the internet rather than being hosted on local servers or physical hardware. The rising adoption of cloud-based solutions is due to offering scalable resources, cost efficiency, and flexible access to data and applications from anywhere, which enhances operational agility and reduces infrastructure costs for businesses. Generative AI chipsets enhance cloud-based solutions by accelerating the processing of complex AI models, improving the efficiency of data handling, and enabling real-time, high-performance computations, which in turn support more advanced and responsive cloud services and applications. For instance, in December 2023, according to a report published by Eurostat, a Luxembourg-based government agency, in 2023, 42.5% of EU enterprises utilized cloud computing services, primarily for email, file storage, and office software, reflecting a 4.2 percentage point increase from 2021. Therefore, the growing adoption of cloud-based solutions is driving the growth of the generative artificial intelligence (AI) chipset market.
Market Trends –
Major companies operating in the generative artificial intelligence (AI) chipset market are focusing on developing advanced solutions, such as premium mobile platforms, to enhance on-device generative AI capabilities. A premium mobile platform with a generative AI chipset refers to a high-end mobile device that features advanced artificial intelligence hardware capable of creating and optimizing content and enhancing user experiences. For instance, in October 2023, Qualcomm Technologies Inc., a US-based semiconductor company, launched its latest premium chipset, the Snapdragon 8 Gen 3, which is designed to enhance generative AI capabilities in top-tier smartphones. The Snapdragon 8 Gen 3 is engineered to support advanced generative AI applications, enabling smartphones to carry out tasks such as real-time voice translation, automatic content creation, and improved photo editing directly on the device. This move towards on-device processing decreases reliance on cloud services, leading to faster speeds and enhanced privacy for users.
The generative artificial intelligence (AI) chipset market covered in this report is segmented –
1) By Type: Central Processing Unit (CPU), Graphics Processing Unit (GPU), Field-Programmable Gate Array (FPGA), Application-Specific Integrated Circuit (ASIC), Other Types
2) By Application: Information Cognition, Traffic Prediction And Classification, Resource Management And Network Adoption, Performance Prediction And Configuration Extrapolation
3) By End-Use: Automotive, Banking, Financial Services, And Insurance (BFSI), Consumer Electronics, Healthcare, Manufacturing, Retail, Telecommunication, Other End Users
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Regional Insights –
North America was the largest region in the generative artificial intelligence (AI) chipset market in 2023. The regions covered in the generative artificial intelligence (AI) chipset market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the generative artificial intelligence (AI) chipset market are Samsung Electronics Co Ltd., Microsoft Corporation, Huawei Technologies Co. Ltd., Amazon Web Services Inc., LG Electronics Inc., Intel Corporation, Cisco Systems Inc., Qualcomm Technologies Inc., Broadcom Inc., Micron Technology Inc., NVIDIA Corporation, Advanced Micro Devices Inc., MediaTek Inc., Synopsys Inc., Arm Holdings plc, Lattice Semiconductor Corporation., Rambus Inc., Cerebras Systems Inc., Hailo Technologies Ltd., SiMa.ai Inc
Table of Contents
- Executive Summary
- Generative Artificial Intelligence (AI) Chipset Market Report Structure
- Generative Artificial Intelligence (AI) Chipset Market Trends And Strategies
- Generative Artificial Intelligence (AI) Chipset Market – Macro Economic Scenario
- Generative Artificial Intelligence (AI) Chipset Market Size And Growth
…..
- Generative Artificial Intelligence (AI) Chipset Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
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