Artificial Intelligence Chips Market was valued at USD 8.42 Billion in 2022 and is projected to reach USD 41.18 Billion by 2030, growing at a CAGR of 22.7% from 2024 to 2030.
As the AI industry moves into the 2023-2033 period, the demand for AI chips is expected to increase dramatically. Factors such as the rise of the Internet of Things (IoT), the expansion of smart devices, and the continued evolution of autonomous vehicles and robotics will contribute to this demand. By 2025, AI chips are expected to be an integral part of daily life, embedded in everything from personal gadgets to large-scale enterprise systems. One of the primary driving forces will be the continued development of AI models, which require substantial processing power to improve and scale. Furthermore, advancements in quantum computing, 5G technology, and edge AI will further fuel the market's expansion.
AI chips such as graphics processing units (GPUs), tensor processing units (TPUs), and application-specific integrated circuits (ASICs) have already gained substantial traction. These chips are optimized to handle parallel processing tasks, which are critical for machine learning and AI workloads. For instance, GPUs, traditionally used for gaming, have evolved to become the backbone of AI computing due to their ability to manage vast datasets simultaneously. The market will also see an increased demand for custom AI chips designed for specific applications, with companies increasingly tailoring their solutions for automotive, healthcare, and finance sectors.
The growth of AI chips is not limited to the hardware sector. Innovations in software and AI frameworks, such as TensorFlow and PyTorch, have also contributed significantly to the market's expansion. By 2030, the global AI chip market could be worth several hundred billion dollars, creating opportunities for both startups and established firms to capitalize on the AI revolution.
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The Artificial Intelligence (AI) chips market has experienced significant growth between 2018 and 2022, driven by technological advancements and the growing adoption of AI across various industries. From machine learning applications to autonomous systems and edge computing, the demand for AI chips surged as companies sought faster, more efficient processing power to handle complex tasks. During this period, the market saw major investments from tech giants such as NVIDIA, Intel, and AMD, who led the charge in developing specialized AI chips designed for deep learning and data processing. The market was valued at several billion dollars in 2022, with projections indicating robust growth going forward.
AMD (Advanced Micro Device)
Intel
NVIDIA
Baidu
Graphcore
Qualcomm
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Artificial Intelligence Chips Market
HPC AI Chips
Terminal AI Chips
Based on Types the Market is categorized into Below types that held the largest Artificial Intelligence Chips market share In 2023.
GPU
ASIC
FPGA
CPU
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Artificial Intelligence Chips Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Artificial Intelligence Chips Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Artificial Intelligence Chips Market, By Type
6. Global Artificial Intelligence Chips Market, By Application
7. Global Artificial Intelligence Chips Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Artificial Intelligence Chips Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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