Artificial Intelligence

Artificial Intelligence Chip Market Size To Reach US$ 66.4 Billion by 2022-2027 | CAGR of 35.20% during Forecast Period – IMARC Group


 According to the latest report by IMARC Group, titled “Global Artificial Intelligence Chip Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the global artificial intelligence chip market reached a value of US$ 9.64 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 66.4 Billion by 2027, exhibiting a CAGR of 35.20% during 2022-2027.

Artificial intelligence (AI) chips refer to specialized silicon chips that comprise AI-specialized graphics processing units (GPUs), application-specific integrated circuits (ASICs), and field-programmable gate arrays (FPGAs). They utilize AI technology to solve complex computational and mathematical problems, manage large and parallel systems, and execute machine learning (ML) tasks while minimizing human errors. They are faster and more efficient than central processing units (CPUs) for the training and inference of AI algorithms and offer several benefits, including data privacy, security, and usability. As a result, AI chips find extensive applications in intelligent robots, smartphones, autonomous vehicles, voice recognition, and smart hardware. 

Report Metric

Historical: 2016-2021

Base Year: 2021

Forecast Year: 2022-2027

Artificial Intelligence Chip Market Trends and Drivers:

The global artificial intelligence chip market is primarily driven by the rising need for high-speed processors due to significant growth in data volume. In addition, there has been widespread acceptance of AI for enhancing customer services and reducing operational costs. 


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Besides this, extensive investments in the development of smart homes and smart cities have augmented the demand for AI chips. Furthermore, several key players are engaging in research and development (R&D) activities to introduce advanced AI chips to produce high-speed computing processors that support bulk data and applications, thereby contributing to the market growth. 

Other factors, including the advent of autonomous robotics, emerging applications of quantum computing and deep learning algorithms, shifting consumer inclination toward the Internet of Things (IoT) devices, and technological advancements, are also anticipated to propel the market growth.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.


Global Artificial Intelligence Chip Market 2022-2027 Analysis and Segmentation:


Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Advanced Micro Devices Inc., Huawei Technologies Co. Ltd., Intel Corporation, LG Electronics Inc. (LG Corporation), Mediatek Inc., Micron Technology Inc., Mythic Inc., Nvidia Corporation, NXP Semiconductors N.V., Qualcomm Technologies Inc, SK hynix Inc. and Toshiba Corporation. 

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The report has segmented the market on the basis of region, chip type, technology, processing type, application and industry vertical.


Breakup by Chip Type:

GPU

ASIC

FPGA

CPU

Others

Breakup by Technology:

System-on-Chip (SoC)

System-In-Package (SIP)

Multi-Chip Module

Others

Breakup by Processing Type:

Edge

Cloud

Breakup by Application:

Natural Language Processing (NLP)

Robotics

Computer Vision

Network Security

Others

Breakup by Industry Vertical:

Media and Advertising

BFSI

IT and Telecom

Retail

Healthcare

Automotive and Transportation

Others

Breakup by Region:

North America: (United States, Canada)

Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)

Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)

Latin America: (Brazil, Mexico, Others)

Middle East and Africa


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If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.


Key highlights of the report:

Market Performance (2016-2021)

Market Outlook (2022- 2027)

Porter’s Five Forces Analysis

Market Drivers and Success Factors

SWOT Analysis

Value Chain

Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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