Embedded Files
Artificial Intelligence Chip Market
The Artificial Intelligence Chip Market is anticipated to reach USD 80.7 billion by the end of 2027, expanding at a CAGR of 39.9% during the forecast period (2020-2027).
The factors driving the growth of Artificial Intelligence Chip Market includes rise in the number of artificial intelligence applications, huge amounts of data generated around the world, emerging need to solve complex mathematical and computational problems and growing popularity of autonomous robots. According to the report published by Bloomberg, the Global Autonomous Mobile Robot Market is predicted to reach USD 12.4 billion by the end of 2030, expanding at a CAGR of 17% over the forecast period (2020-2030), which is expected to boost the Artificial Intelligence Chip Market size in the approaching years. Moreover, the growing adoption of artificial intelligence chips by the major corporations for improving the customer services and reducing operational costs, rise in the number of Artificial Intelligence start-ups and technological innovations in the artificial intelligence chipsets, are some of the additional factors supplementing the market growth. In addition, rapid growth in the social media and e-commerce platforms, rising penetration of smartphones, increasing in the Government’s spending on cybersecurity solutions and growing disposable incomes, are further contributing to the market growth.
Request a free sample of this report
However, the growth of Artificial Intelligence Chip Market is hindered due to insufficient availability of skilled workforce.
The leading players operating in the market are Microsoft Corporation, Micron Technology Inc, Qualcomm Technologies Inc, Intel Corporation, NVIDIA Corporation, IBM Corporation, Google LLC, Xilinx Inc, Samsung Electronics Co. Ltd, and Amazon Web Services (AWS).
Technology: Segment Analysis
Based on Technology, the Natural Language Processing segment is estimated to grow at a remarkable CAGR during the forecast period. The NLP technology of Artificial Intelligence Chips helps to convert large amount of unstructured data into structured form along with its voice assistance features, are some of the factors responsible for the growth of the segment.
Industry: Segment Analysis
Based on Industry, the Automotive segment is projected to hold the highest market share over the forecast period. The Artificial enabled chips provide smart driving experience to the consumer and helps to navigate and efficiently during traffic hours, are the major factors augmenting the growth of the segment.
Regional: Segment Analysis
Based on Region, the North American region is predicted to capture the largest market share during the forecast period. Strong presence of the leading players such as Microsoft Corporation, IBM Corporation and Google LLC., increasing investments by leading players on research and development, high per capita incomes, and rising population growth rates, are some of the important factors propelling the market growth in North America.
Market Segmentation
Global Artificial Intelligence Chip Market by Technology
Machine Learning
Natural Language Processing
Context–Aware Computing
Computer Vision
Global Artificial Intelligence Chip Market by Hardware
Processor
Memory
Network
Global Artificial Intelligence Chip Market by Industry
Healthcare
Manufacturing
Automotive
Agriculture
Retail
Security
Human Resources
Marketing
Law
Fintech
Global Artificial Intelligence Chip Market by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/
Page updated
Google Sites
Report abuse