PRESS RELEASE
Published March 16, 2023
According to the report, the global Artificial Intelligence Chip market is expected to grow from USD 7.9 Billion in 2022, which is expected to reach USD 59.4 Billion by 2033, growing at a CAGR of 40.5% from 2023 to 2033. The artificial intelligence (AI) chip market is a rapidly growing industry that involves the development, production, and sale of specialized hardware designed to support AI applications. These chips are optimized for processing large amounts of data and performing complex calculations required for AI tasks such as machine learning, natural language processing, computer vision, and robotics.The market is primarily driven by the increasing adoption of AI technologies across various industries, including healthcare, automotive, manufacturing, and retail. AI chips enable faster and more efficient processing of data, leading to improved accuracy, speed, and performance in AI applications.
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Key Highlights:
- The global Artificial Intelligence Chip Market size was valued at USD 9 billion in 2022 growing at a CAGR of 40.5% from 2023 to 2033.
- North America dominated the market in 2022
- Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has published a new market research report on Global Artificial Intelligence Chip Market focusing in various aspects including market size and forecast, market dynamics, competitors market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which includes Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted in order to prosper through this industry over short and long terms. The quantitative analysis includes our authentic findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.
The New Normal
As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.
In terms of COVID 19 impact, the Artificial Intelligence Chip market report also includes the following data points:
- COVID19 Impact on Artificial Intelligence Chip market size
- End-User/Industry/Application Trend, and Preferences
- Government Policies/Regulatory Framework
- Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
- Opportunity in Artificial Intelligence Chip market
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Key Players
Some of the major Artificial Intelligence Chip players holding high market share include GROQ, GYRFALCON TECHNOLOGY INC., HORIZON ROBOTICS, INC., HUAWEI TECHNOLOGIES CO. LTD., INTEL CORPORATION These players use new product development/partnership as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
- GRAPHCORE LTD.
- GROQ
- GYRFALCON TECHNOLOGY INC.
- HORIZON ROBOTICS, INC.
- HUAWEI TECHNOLOGIES CO. LTD.
- INTEL CORPORATION
- INTERNATIONAL BUSINESS MANAGEMENT CORPORATION
- KNUEDGE, INC.
- KRTKL INC.
- MEDIATEK, INC.
- MICRON TECHNOLOGY, INC.
- MICROSEMI CORPORATION
- MYTHIC, INC.
- NEC CORPORATION
- KOREA ELECTRONIC CERTIFICATION AUTHORITY, INC.
- NVIDIA CORPORATION,
Segmental Analysis
Market Segment By Chip Type with focus on market share, consumption trend, and growth rate of Artificial Intelligence Chip Market:
Market Segment By Processing Type with focus on market share, consumption trend, and growth rate of Artificial Intelligence Chip Market:
Market Segment By Technology with a focus on market share, consumption trend, and growth rate of Artificial Intelligence Chip Market:
- System On Chip
- System in Package
- Multi Chip Module
- Others
Market Segment By Application with a focus on market share, consumption trend, and growth rate of Artificial Intelligence Chip Market:
- Nature Language Processing
- Robotics
- Computer Vision
- Network Security
- Others
Market Segment By Industry Vertical with a focus on market share, consumption trend, and growth rate of Artificial Intelligence Chip Market:
- Media and Advertising
- BFSI
- IT and Telecom
- Retail
- Healthcare
- Automotive and Transportation
- Others
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Global Artificial Intelligence Chip Geographic Coverage:
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Nordic Countries
- Benelux
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Indonesia
- Malaysia
- Australia
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of MEA
- Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
Reasons to Buy this Report:
- Detail analysis of the impact of market drivers, restraints, and opportunities
- Competitive Intelligence provides an understanding of the ecosystem
- Details analysis of the Total Addressable Market (TAM) of your products
- Investment Pockets and New Business Opportunities
- Demand-supply gap analysis
- Strategy Planning
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