Overview and Scope
Artificial Intelligence (AI) chipsets are specialized hardware components designed to perform computationally intensive tasks related to artificial intelligence. These chipsets are specifically optimized to enhance the performance and efficiency of AI algorithms and models, enabling faster and more efficient execution of AI workloads.
Sizing and Forecast
The artificial intelligence (chipsets) market size has grown exponentially in recent years. It will grow from $18.25 billion in 2023 to $24.26 billion in 2024 at a compound annual growth rate (CAGR) of 32.9%. The growth in the historic period can be attributed to early developments in machine learning algorithms, growth of big data analytics, increasing demand for computational power, advances in neural network research, rise in cloud computing infrastructure.
The artificial intelligence (chipsets) market size is expected to see exponential growth in the next few years. It will grow to $70.24 billion in 2028 at a compound annual growth rate (CAGR) of 30.4%. The growth in the forecast period can be attributed to accelerated adoption of ai in various industries, expansion of edge computing capabilities, growing demand for specialized ai chipsets, increased investment in ai research and development. Major trends in the forecast period include evolution of ai chip architectures, integration of ai in new application domains, advancements in natural language processing, rise of explainable ai for transparency, integration of ai in robotics and automation.
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Segmentation & Regional Insights
The artificial intelligence (chipsets) market covered in this report is segmented –
1) By Hardware: Processor, Memory, Network
2) By Technology: Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision, Predictive Analysis
3) By Function: Training, Inference
4) By Computing Technology: Cloud AI Computing, Edge AI Computing
5) By Industry Vertical: Consumer Electronics, Media And Advertising, Banking, Financial Services and Insurance (BFSI), Information Technology (IT) And Telecom, Retail, Healthcare, Automotive, Other Industry Verticals
North America was the largest region in the artificial intelligence (chipsets) market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence (chipsets) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising demand for autonomous vehicles is expected to propel the growth of the artificial intelligence (chipsets) market going forward. Autonomous vehicles, also known as self-driving cars or driverless cars, can navigate and operate on the road without direct human input. Artificial intelligence chipsets are used in autonomous vehicles to process sensor data, analyze the surrounding environment, make real-time decisions, and enable safe and efficient navigation without human intervention. For instance, in December 2022, according to the National Highway Traffic Safety Administration (NHTSA), a US-based government agency, there are expected to be approximately 3.5 million autonomous vehicles on U.S. roads by 2025, reaching 5.5 million by 2030. Therefore, the rising demand for autonomous vehicles drives the artificial intelligence (chipsets) market.
Key Industry Players
Major companies operating in the artificial intelligence (chipsets) market report are Apple Inc., Alphabet Inc., Samsung Electronics Co. Ltd., Microsoft Corporation, Huawei Technologies Co. Ltd., Intel Corporation, International Business Machines Corporation, Qualcomm Technologies Inc., Micron Technology Inc., NVIDIA Corporation, AMD, MediaTek Inc., Baidu Inc., Xilinx Inc., Ampere Computing LLC, Cambricon Technologies Corporation, Horizon Robotics Inc., VeriSilicon Holdings Co., Cerebras Systems Inc., Greenwave Technology Solutions, Hailo, Graphcore Limited, SambaNova Systems Inc., Mythic Inc., Wave Computing Inc., Esperanto Technologies Inc., CogniTensor Inc., Syntiant Corporation, Tenstorrent Inc., BrainChip Holdings Ltd.
The artificial intelligence (chipsets) market report table of contents includes:
1. Executive Summary
2. Artificial Intelligence (Chipsets) Market Characteristics
3. Artificial Intelligence (Chipsets) Market Trends And Strategies
4. Artificial Intelligence (Chipsets) Market – Macro Economic Scenario
5. Global Artificial Intelligence (Chipsets) Market Size and Growth
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31. Artificial Intelligence (Chipsets) Market Other Major And Innovative Companies
32. Global Artificial Intelligence (Chipsets) Market Competitive Benchmarking
33. Global Artificial Intelligence (Chipsets) Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Artificial Intelligence (Chipsets) Market
35. Artificial Intelligence (Chipsets) Market Future Outlook and Potential Analysis
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