The global machine learning chip market size reached US$ 7.8 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 35.0 Billion by 2028, exhibiting a growth rate (CAGR) of 25.4% during 2023-2028. The rapid emergence of quantum computing, increasing demand for efficient systems to solve computational problems, and rising development of smart cities and smart homes represent some of the key factors driving the market.
Machine learning (ML) chip comprises artificial intelligence (AI) technology that that is designed to support deep learning-based applications. It involves various technologies, such as system-on-chip (SoC), multi-chip module, and system-in-package, and its hardware infrastructure includes computing, storing, and networking. It is installed in a system to enhance intellectual property cores and improve design and tool flows. It is cost-effective and assists in preventing errors in a workflow, and efficiently saves a huge amount of data. It offers high speed, increases efficiency, and consumes less energy as compared to larger transistors. Besides this, it aids in improving performance, power, optimization, and analytics. As a result, the ML chip is widely employed in the automotive, healthcare, retail, media and advertising, information technology (IT) and telecommunication, and banking, financial services, and insurance (BFSI) industries across the globe.
2. What is the expected growth rate of the global machine learning chip market during 2023-2028?
3. What are the key factors driving the global machine learning chip market?
4. What has been the impact of COVID-19 on the global machine learning chip market?
5. What is the breakup of the global machine learning chip market based on the technology?
6. What is the breakup of the global machine learning chip market based on the chip type?
7. What is the breakup of the global machine learning chip market based on the industry vertical?
8. What are the key regions in the global machine learning chip market?
9. Who are the key players/companies in the global machine learning chip market?
Machine learning (ML) chip comprises artificial intelligence (AI) technology that that is designed to support deep learning-based applications. It involves various technologies, such as system-on-chip (SoC), multi-chip module, and system-in-package, and its hardware infrastructure includes computing, storing, and networking. It is installed in a system to enhance intellectual property cores and improve design and tool flows. It is cost-effective and assists in preventing errors in a workflow, and efficiently saves a huge amount of data. It offers high speed, increases efficiency, and consumes less energy as compared to larger transistors. Besides this, it aids in improving performance, power, optimization, and analytics. As a result, the ML chip is widely employed in the automotive, healthcare, retail, media and advertising, information technology (IT) and telecommunication, and banking, financial services, and insurance (BFSI) industries across the globe.
Machine Learning Chip Market Trends:
At present, the rising trend of digitalization and expansion of the IT and telecommunication industry around the world represent one of the key factors supporting the growth of the market. In addition, the increasing number of cyber-attacks encourages businesses to utilize database management and fraud detection systems, which is propelling the growth of the market. Apart from this, the rising demand for ML chips due to the development of smart cities and smart homes across the globe is offering lucrative growth opportunities to industry investors. Moreover, the increasing emergence of quantum computing, along with the implementation of ML chips in robotics to reduce human intervention and errors around the world, is positively influencing the market. Besides this, the growing adoption of ML chips on account of the escalating demand for efficient systems to solve mathematical and computational problems is offering a positive market outlook. Additionally, the rising integration of big data analytics and cloud computing to provide enhanced services among numerous industries across the globe is contributing to the growth of the market. This, coupled with the increasing utilization of ML chips for real-time consumer behavior insights, is impelling the growth of the market. Furthermore, the rising preference toward GPUs from CPUs to perform several complex tasks in the gaming industry is strengthening the market growth.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global machine learning chip market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on technology, chip type and industry vertical.Technology Insights:
- System-on-Chip (SoC)
- System-in-Package
- Multi-chip Module
- Others
Chip Type Insights:
- GPU
- ASIC
- FPGA
- CPU
- Others
Industry Vertical Insights:
- BFSI
- IT and Telecom
- Media and Advertising
- Retail
- Healthcare
- Automotive
- Others
Regional Insights:
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
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global machine learning chip market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Advanced Micro Devices Inc., Amazon Web Services Inc. (Amazon.com Inc.), Cerebras Inc., Google LLC, Graphcore, Intel Corporation, International Business Machines Corporation, NVIDIA Corporation, Qualcomm Incorporated, Samsung Electronics Co. Ltd., Taiwan Semiconductor Manufacturing Company Limited., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report
1. What was the size of the global machine learning chip market in 2022?2. What is the expected growth rate of the global machine learning chip market during 2023-2028?
3. What are the key factors driving the global machine learning chip market?
4. What has been the impact of COVID-19 on the global machine learning chip market?
5. What is the breakup of the global machine learning chip market based on the technology?
6. What is the breakup of the global machine learning chip market based on the chip type?
7. What is the breakup of the global machine learning chip market based on the industry vertical?
8. What are the key regions in the global machine learning chip market?
9. Who are the key players/companies in the global machine learning chip market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Machine Learning Chip Market
6 Market Breakup by Technology
7 Market Breakup by Chip Type
8 Market Breakup by Industry Vertical
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Advanced Micro Devices Inc.
- Amazon Web Services Inc. (Amazon.com Inc.)
- Cerebras Inc.
- Google LLC
- Graphcore
- Intel Corporation
- International Business Machines Corporation
- NVIDIA Corporation
- Qualcomm Incorporated
- Samsung Electronics Co. Ltd.
- Taiwan Semiconductor Manufacturing Company Limited
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 138 |
| Published | June 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 7.8 Billion |
| Forecasted Market Value ( USD | $ 35 Billion |
| Compound Annual Growth Rate | 28.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
