Press release
Artificial Intelligence (AI) Chipsets Market will Record Rapid Growth, Emerging Trend, Industry Analysis till 2027 with COVID-19 Impact | NVIDIA Corporation, Intel Corporation, Xilinx, Inc., Samsung Electronics Co., Ltd., Micron Technology, Inc., Kneron
Artificial Intelligence (AI) Chipsets Market
New study report" Artificial Intelligence (AI) Chipsets Market 2022 Market Opportunities, Challenges, Strategies, and Forecasts 2027″ has been added to Fortune Business Insights.
Market Overview:
The report on the Artificial Intelligence (AI) Chipsets Market is designed by proficient analysts with the motive to serve on table as an ultimate guide for investors, stakeholders, and people in business to make decisions to augment the growth of the Artificial Intelligence (AI) Chipsets market. The report holds market statistics, values, and other factors that can influence the Artificial Intelligence (AI) Chipsets market. The market is studied for the forecast period of 2022 to 2027. An in-depth study on the market has been performed to prepare a report maintaining high degree of accuracy thought out. The report details qualitative and quantitative analysis of the Artificial Intelligence (AI) Chipsets market. The market overview section elaborates on drivers and constraining factors of the market. Additional causes that are anticipated to cast an impact on the market are also discussed in the report. Our market researchers have meticulously studied the market dynamics to deliver an accurate content-rich report.
The global artificial intelligence (AI) chipsets market size is expected to reach USD 108.85 billion by 2027, exhibiting a CAGR of 38.9% during the forecast period.
Various segments of the market have been divided into different divisions. They have been depicted maximum share and profit maximization of the market during the forecasting period of 2022 to 2027. This is mentioned in the report too. Depending on the information, it has been recognized with different data and figures offered by the analysis of the overall understanding of the market place and value. Various distinctive features involve the market's knowledge based on the factors like the demographic changes, market dimensions, historical details, and market overviews. The research is also included in the strategic movements that are undertaken by the top-notch markets. Moreover, these key players affect the market growth and the profit rate of the overall market. In this report, the internal dimensions and assessments of the Artificial Intelligence (AI) Chipsets market are revealed. The study of the Artificial Intelligence (AI) Chipsets market's description has been taking place during the 2022 period and the last year of the foreseen period that extends to 2027.
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List of Companies Covered in the Artificial Intelligence (AI) Chipsets Market Report:
NVIDIA Corporation
Intel Corporation
Xilinx, Inc.
Samsung Electronics Co., Ltd.
Micron Technology, Inc.
Kneron
Alibaba Group Holding Limited
Qualcomm Technologies, Inc.
International Business Machines Corporation (IBM)
Alphabet Inc. (Google LLC)
Microsoft Corporation
Amazon Web Services (AWS)
Advanced Micro Devices, Inc. (AMD)
General Vision, Inc.
Covide-19 Impact:
Popularity of AI-based Solutions to Boost Market During Coronavirus
The production of AI chipsets has been greatly affected by the coronavirus. According to the index of industrial production (IIP) data, in 2020, the manufacturing sector production registered a decline of 11.1% in July, as covid-19 lockdown slows down the manufacturing process. However, the demand for such chipsets has improved immensely during the pandemic because of the adoption of AI among various industries. Various industries such as automotive, manufacturing, and others have implemented AI solutions to ease up processes. Besides, the focus on advanced AI-based solutions by prominent players will aid the market amid coronavirus. For instance, in May 2020, Nvidia Corporation expanded its EGX Edge AI platform by introducing new products called the EGX Jetson Xavier NX and EGX A100.
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Method of Research:
Fail-safe, modern research methodologies are employed for the Artificial Intelligence (AI) Chipsets market analysis. An exhaustive primary and secondary research conducted on the market using robust research techniques aid in the prediction of the market size at the end of forecast period. Top-up and bottom-down approaches were maintained in the entire market study.
Driving Factors:
Increasing Cognizance about Quantum Computing to Promote Growth
The growing adoption of quantum computing technology to solve complex problems and perform analytical calculations will spur opportunities for the market. For instance, Google LLC's Sycamore quantum computer is currently the fastest computer that can perform a specific task in around 200 seconds. Quantum computers are enabled with technologies such as artificial intelligence, machine learning, computer vision, big data, AR/VR, and others. The growing knowledge about quantum computing will spur demand for AI chipsets, in turn, aiding the market growth. Quantum computing is used in various functions such as fraud detection, risk management, portfolio optimization, and applications where instant data response is required. The growing adoption of risk management solutions among organizations will contribute positively to market growth in the near future.
Regional Insights:
Emergence of Startup Companies to Propel Market in Asia Pacific
Asia Pacific is expected to dominate the global market owing to the developing economies such as South Korea, India, China. The growing acceptance of AI-based solutions will foster healthy growth of the market in the region. The government of Singapore has created an AI Ethics Advisory Council as a part of its AI Strategy to deploy AI applications across various industries in 2018. The strong startup ecosystem is expected to further drive the market in Asia Pacific. Europe is expected to hold the largest share in the global market owing to the presence of AI solution providers in the European countries. The growing focus on R&D investments coupled with the adoption of AI technologies will consequently bolster the growth of the market in Europe. The Middle East and Africa is expected to grow rapidly during the forecast period owing to the smart city initiatives in the region.
Key Industry Development:
July 2019: MediaTek Inc. announced the launch of its new AI chipset - "MTK i700" that is featured with high-speed edge AI computation for rapid image recognition, AR applications, smart homes, stores, and factories, etc.
Major Table of Content:
Introduction
Executive Summary
Market Dynamics
Key Insights
Artificial Intelligence (AI) Chipsets Market Analysis, Insights and Forecast, 2022-2027
North America Artificial Intelligence (AI) Chipsets Market Analysis, Insights and Forecast, 2022-2027
Europe Artificial Intelligence (AI) Chipsets Market Analysis, Insights and Forecast, 2022-2027
Asia Pacific Artificial Intelligence (AI) Chipsets Market Analysis, Insights and Forecast, 2022-2027
Middle East and Africa Artificial Intelligence (AI) Chipsets Market Analysis, Insights and Forecast, 2022-2027
Latin America Artificial Intelligence (AI) Chipsets Market Analysis, Insights and Forecast, 2022-2027
Market Share Analysis, By Key Players, 2022
Competition Matrix
Company Profile
Continue….
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