Artificial Intelligence Chip Market Size, Share, Demand, Trend, Latest Innovations & Application Analysis and Industry Growth Forecast 2027

The global artificial intelligence chip market was valued at US$ 5,658.1 Mn in 2018 and is expected to reach US$ 83,252.7 Mn by 2027 with a CAGR growth rate of 35.0% in the forecast period from 2019 to 2027.

The global market for artificial intelligence chips is anticipated to exhibit very high growth in the near future. Some of the major driving factors contributing to the market growth include increasing investments in AI chip start-ups, and availability of massive amount of data due to the proliferation of digital services across the globe. Real-time consumer behavior insights, increased operational efficiency, and improved sales revenue are some of the factors responsible for rising adoption of AI chips across major industry verticals. Also, growing spending on enhanced IT security is expected to drive the growth of AI Chip market. However, there are few factors which are expected to restrain the market growth such as data privacy & security concerns and lack of infrastructure and technology know-how in third world countries. During the forecast period, rising adoption of cloud-based computing across industries and the adoption of artificial intelligence chips in edge devices will present significant opportunities for market players operating in the AI chip market.

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The key companies operating in the field of artificial intelligence chip market that are profiled in the report include Advanced Micro Devices, Inc., Alphabet Inc. (Google), Huawei Technologies Co., Ltd., IBM Corporation, Intel Corporation, Micron Technology, Inc., NVIDIA Corporation, Qualcomm Incorporated, Samsung Electronics Co., Ltd, and Xilinx, Inc. Several other start-ups are emerging in the market such as Graphcore, Cambricon, Thinkforce, Barefoot Networks, Unisound, Horizon Robotics, WestWell Labs, and Brain Corp. among many others.

Availability of massive amount of data, demand for superior customer service, efficient operations and better sales revenue are some of the key factors driving the growth of Artificial intelligence market. With the advancement in computing and storage technology, computing power has increased multi-fold during the last decade. This computing power has created new opportunities for managing and computing the big sets of data, and when coupled with artificial intelligence technology, it can deliver useful insights to the businesses. Major artificial intelligence applications for which AI chips are being used include Machine Learning (ML), Natural Language Processing (NLP), Expert Systems, Automated Speech Recognition, AI Planning, and Computer Vision. Machine Learning is a branch of artificial intelligence that enables machines to develop the ability of self-learning and adaption through experience without being explicitly programmed. It is a method of data analysis that automates analytical model building. Machine Learning is one of the most use cases application of artificial intelligence chips.

The artificial intelligence chip market is bifurcated by segment into Data center/Cloud and edge. Artificial intelligence is one of the most disruptive technologies in today’s digital world and hence AI chips are the most disruptive hardware. Artificial intelligence chips are majorly used for training and inference purposes in data center/cloud computing. However, with recent breakthroughs, AI chips have evolved to cater a wide range of applications especially inference at the edge. With tech giants like NVIDIA, Apple, Google, Huawei, and Intel among others investing in edge inferencing, the edge segment is going to drive the growth of artificial intelligence chip market through adoption of specialized AI chips and accelerators during the forecast period.

The report segments the global artificial intelligence chip market as follows:

Global Artificial Intelligence Chip Market - By Segment

  • Data Center
  • Edge

Global Artificial Intelligence Chip Market - By Type

  • CPU
  • GPU
  • ASIC
  • FPGA
  • Others

Global Artificial Intelligence Chip Market - By Industry Vertical

  • BFSI
  • Retail
  • IT & Telecom
  • Automotive & Transportation
  • Healthcare
  • Media & Entertainment
  • Others

Global Artificial Intelligence Chip Market - By Geography

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Middle East and Africa (MEA)
  • South America
  • Rest of South America (SAM)

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Posted by on Tuesday October 22 2019, 5:03 AM EST. All trademarks acknowledged. Filed under Security & Intelligence Systems, Semiconductors, Technology Hardware & Equipment. Comments and Trackbacks closed. Follow responses: RSS 2.0

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