IMARC Group, a leading market research company, has recently releases report titled Artificial Intelligence Chip Market Report by Chip Type (GPU, ASIC, FPGA, CPU, and Others), Technology (System-on-Chip (SoC), System-In-Package (SIP), Multi-Chip Module, and Others), Processing Type (Edge, Cloud), Application Insights (Natural Language Processing (NLP), Robotics, Computer Vision, Network Security, and Others), Industry Vertical (Media and Advertising, BFSI, IT and Telecom, Retail, Healthcare, Automotive and Transportation, and Others), and Region 2024-2032. The study provides a detailed analysis of the industry, including the global artificial intelligence chip market size, share, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Artificial Intelligence Chip Market?
The global artificial intelligence chip market size reached US$ 18.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 150.4 Billion by 2032, exhibiting a growth rate (CAGR) of 25.8% during 2024-2032.
What is Artificial Intelligence Chip?
An artificial intelligence (AI) chip is a specialized microprocessor designed to process the complex algorithms and data structures involved in AI and machine learning (ML) applications. It includes graphics processing units (GPUs), field-programmable gate arrays (FPGAs), application-specific integrated circuits (ASICs), and neural processing units (NPUs). It helps optimize the computational requirements of neural networks, which involve large amounts of data and extensive parallel processing capabilities. At present, AI chips are employed in a wide range of applications, including natural language processing (NLP), image and speech recognition, autonomous vehicles, and robotics across the globe.
Request Free Sample Copy of This Report:https://www.imarcgroup.com/artificial-intelligence-chip-market/requestsample
What are the growth prospects and trends in the artificial intelligence chip industry?
At present, the introduction of AI in numerous industries and the escalating demand for energy-efficient systems represent one of the key factors positively influencing the market.
In addition, the increasing adoption of cloud computing that provides access to high-performance computing resources, and the increasing number of information technology (IT) industries that focus on the development of efficient processors are creating a favorable market outlook. Apart from this, the increasing focus on smart homes and cities and the improvement of autonomous robotics are fueling the market growth.
Furthermore, the increasing usage of social media and e-commerce platforms is resulting in a huge amount of data volume. This, along with the development of neuromorphic computing, is stimulating market growth.
Leading Companies Operating in the Artificial Intelligence Chip Industry:
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.
Artificial Intelligence Chip Market Report Segmentation:
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
Market 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
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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.
IMARCs 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.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact US
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
