The global artificial intelligence chip market size reached US$ 13.4 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 89.6 Billion by 2028, exhibiting a growth rate (CAGR) of 34.5% during 2023-2028. The growing application in the automotive industry, increasing demand for AI-enabled machines, and rising investments in neuromorphic research activities represent some of the key factors driving the market.
Artificial intelligence (AI) chips are specially designed to run machine learning (ML) workloads through programming frameworks. They comprise field-programmable gate arrays (FPGAs), graphics processing units (GPUs), and application-specific integrated circuits (ASICs). They also consist of AI-optimized features, which can accelerate calculations and computing tasks required by AI algorithms. They rely on small transistors, which run faster and consume less energy as compared to large transistors. They are designed for applications that use artificial neural networks (ANN), which is a machine learning (ML) approach inspired by the human brain. They can execute tasks that are highly complex and dynamic by processing multiple streams of information simultaneously. They eliminate the need to rely on the cloud to store data, as these chips can run AI programs locally on the devices. As they offer natural language processing (NLP), computer vision, robotics, and network security, AI chips find applications in the automotive, information and technology (IT), healthcare, and retail industries across the globe.
System-In-Package (SIP)
Multi-Chip Module
Others
A detailed breakup and analysis of the artificial intelligence chip market based on the technology has also been provided in the report. This includes system-on-chip (SoC), system-in-package (SIP), multi-chip module, and others. According to the report, system-on-chip (SoC) accounted for the largest market share.
2. What is the expected growth rate of the global artificial intelligence chip market during 2023-2028?
3. What are the key factors driving the global artificial intelligence chip market?
4. What has been the impact of COVID-19 on the global artificial intelligence chip market?
5. What is the breakup of the global artificial intelligence chip market based on the chip type?
6. What is the breakup of the global artificial intelligence chip market based on the technology?
7. What is the breakup of the global artificial intelligence chip market based on the processing type?
8. What is the breakup of the global artificial intelligence chip market based on the application?
9. What is the breakup of the global artificial intelligence chip market based on the industry vertical?
10. What are the key regions in the global artificial intelligence chip market?
11. Who are the key players/companies in the global artificial intelligence chip market?
Artificial intelligence (AI) chips are specially designed to run machine learning (ML) workloads through programming frameworks. They comprise field-programmable gate arrays (FPGAs), graphics processing units (GPUs), and application-specific integrated circuits (ASICs). They also consist of AI-optimized features, which can accelerate calculations and computing tasks required by AI algorithms. They rely on small transistors, which run faster and consume less energy as compared to large transistors. They are designed for applications that use artificial neural networks (ANN), which is a machine learning (ML) approach inspired by the human brain. They can execute tasks that are highly complex and dynamic by processing multiple streams of information simultaneously. They eliminate the need to rely on the cloud to store data, as these chips can run AI programs locally on the devices. As they offer natural language processing (NLP), computer vision, robotics, and network security, AI chips find applications in the automotive, information and technology (IT), healthcare, and retail industries across the globe.
Artificial Intelligence Chip Market Trends:
At present, the rising adoption of AI technology in the automotive industry to manufacture driverless cars and achieve the L5 level of autonomous technology represents one of the key factors supporting the growth of the market. Besides this, there is an increase in the demand for AI-enabled machines to perform various tasks in challenging situations around the world. This, along with the growing focus on developing human-aware AI systems, is offering a favorable market outlook. In addition, key players are investing in neuromorphic research activities to develop techniques inspired by the real neurons in the brain function. They are also utilizing AI and machine learning (ML) to design the next generation of AI chips, which is contributing to the growth of the market. Moreover, the increasing demand for AI chips in consumer electronics, such as laptops, desktops, and gaming consoles, is offering lucrative growth opportunities to industry investors. Apart from this, there is a rise in the employment of advanced technologies in various industries, such as computer vision, big data, augmented reality (AR), and virtual reality (VR), across the globe. This, coupled with the growing utilization of quantum computing technologies to tackle complicated issues and perform analytical computations, is positively influencing the market.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global artificial intelligence chip market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on chip type, technology, processing type, application and industry vertical.Chip Type Insights:
- GPU
- ASIC
- FPGA
- CPU
- Others
Technology Insights:
System-on-Chip (SoC)System-In-Package (SIP)
Multi-Chip Module
Others
A detailed breakup and analysis of the artificial intelligence chip market based on the technology has also been provided in the report. This includes system-on-chip (SoC), system-in-package (SIP), multi-chip module, and others. According to the report, system-on-chip (SoC) accounted for the largest market share.
Processing Type Insights:
- Edge
- Cloud
Application Insights:
- Natural Language Processing (NLP)
- Robotics
- Computer Vision
- Network Security
- Others
Industry Vertical Insights:
- Media and Advertising
- BFSI
- IT and Telecom
- Retail
- Healthcare
- Automotive and Transportation
- 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 artificial intelligence 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., 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., Toshiba Corporation, 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 artificial intelligence chip market in 2022?2. What is the expected growth rate of the global artificial intelligence chip market during 2023-2028?
3. What are the key factors driving the global artificial intelligence chip market?
4. What has been the impact of COVID-19 on the global artificial intelligence chip market?
5. What is the breakup of the global artificial intelligence chip market based on the chip type?
6. What is the breakup of the global artificial intelligence chip market based on the technology?
7. What is the breakup of the global artificial intelligence chip market based on the processing type?
8. What is the breakup of the global artificial intelligence chip market based on the application?
9. What is the breakup of the global artificial intelligence chip market based on the industry vertical?
10. What are the key regions in the global artificial intelligence chip market?
11. Who are the key players/companies in the global artificial intelligence chip market?
Table of Contents
1 Preface3 Executive Summary13 Value Chain Analysis15 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Artificial Intelligence Chip Market
6 Market Breakup by Chip Type
7 Market Breakup by Technology
8 Market Breakup by Processing Type
9 Market Breakup by Application
10 Market Breakup by Industry Vertical
11 Market Breakup by Region
12 SWOT Analysis
14 Porters Five Forces Analysis
16 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 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.
- Toshiba Corporation
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 144 |
| Published | June 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 13.4 Billion |
| Forecasted Market Value ( USD | $ 89.6 Billion |
| Compound Annual Growth Rate | 37.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
