Artificial Intelligence Chip Market by Chip Type (GPU, ASIC, FPGA, CPU, and others), Application (Machine Learning, Natural Language Processing (NLP), Robotic Process Automation, Speech Recognition, and Others), Technology (System-on-chip, System-in-packa

According to a recent report published by Allied Market Research, titled, Global Artificial Intelligence Chip Market by Chip type, Application, Technology, and Industry vertical: Global Opportunity Analysis and Industry Forecast, 2018-2025, the global artificial intelligence chip market was valued at $4,515 million in 2017, and is projected to reach $91,185 million by 2025, growing at a CAGR of 45.4% from 2018 to 2025.

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At present, North America dominates the market, followed by Europe. In 2017, U.S. dominated the North America market and UK led the overall market in Europe. However, in Asia-Pacific, China currently dominates the market.

The growth of the global artificial intelligence chip market is driven by increase in demand for smart homes, development of smart cities, and emergence of quantum computing. However, development of smart cities restrain the market growth. Further, in the near future, increased adoption of AI chips in the developing regions and development of smarter robots are expected to create lucrative opportunities for the key players operating in the artificial intelligence chip market.

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Key Findings of the Artificial Intelligence Chip Market:
•On the basis of chip type, the GPU led the AI chip market in the year 2017. However, the ASIC segment is anticipated to overtake the GPU type in the near future, in terms of revenue.
•The machine learning application dominated the global artificial intelligence chip market in 2017.
•The North America region held the majority of market share in 2017.
•By industry vertical, the BFSI segment has been dominating the global artificial intelligence chip market in the year 2017. However, the others segment is expected to grow at the highest CAGR over the forecast period (2018-2025).
•LAMEA is anticipated to exhibit the highest CAGR during the forecast period.

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LIST OF TABLES
Table 01. Global Artificial Intelligence Chip Market, By Chip Type, 2017-2025($Million)
Table 02. Artificial Intelligence Chip Market Revenue For Gpu, By Region 2017-2025 ($Million)
Table 03. Artificial Intelligence Chip Market Revenue For Asic, By Region 2017-2025 ($Million)
Table 04. Artificial Intelligence Chip Market Revenue For Fpga, By Region 2017-2025 ($Million)
Table 05. Artificial Intelligence Chip Market Revenue For Cpu, By Region 2017-2025 ($Million)
Table 06. Artificial Intelligence Chip Market Revenue For Others, By Region 2017-2025 ($Million)
Table 07. Global Artificial Intelligence Chip Market, By Application, 2017-2025($Million)
Table 08. Artificial Intelligence Chip Market Revenue For Machine Learning, By Region 2017-2025 ($Million)
Table 09. Artificial Intelligence Chip Market Revenue For Nlp, By Region 2017-2025 ($Million)
Table 10. Artificial Intelligence Chip Market Revenue For Robotic Process Automation, By Region 2017-2025 ($Million)

Top Impacting Factors
The significant impacting factors in the global artificial intelligence chip industry include increase in demand for smart homes, development of smart cities, and emergence of quantum computing. In addition, the market is also influenced by lack of skilled workforce, increased adoption of AI chips in the developing regions, and development of smarter robots. Each of these factors is anticipated to have a definite impact on the artificial intelligence chip market size during the forecast period.

Many players have been building superior robot brains, which would enable machines to operate autonomously by deploying; for instance, Rethink Robotics’ Baxter is a research robot that is trained accordingly. Similarly, human-like robots are invented by Hanson Robotics, which are capable to carry a peculiar conversation and recall personal history. Furthermore, development of smarter virtual assistants is opportunistic for the overall market.

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