Artificial Intelligence Chip Market Trends and Segments Forecast To 2028

The global artificial intelligence chip market size was valued at USD 8.95 billion in 2021 and is poised to grow at a significant CAGR of 18.6% during the forecast period 2022-28. Specialized silicon chips known as artificial intelligence (AI) chips use AI technology to handle challenging computational and mathematical issues while reducing human error. They are used to efficiently handle massive parallel systems. They are widely utilized for machine learning because they can train and infer AI algorithms more quickly and effectively than CPUs. Using these chips, enormous data quantities may be processed more quickly, enabling machine learning tasks to be completed more swiftly. They also give other benefits, such as usability, data privacy, and security, due to which they are widely integrated with smartphones. Artificial intelligence can be divided into four categories: reactive machines, theory of mind, self-awareness, and limited memory.

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Artificial Intelligence Chip Market Growth Factors:
2019 saw continued strong growth in the AI investment landscape, with the US leading the way with a record-breaking USD 22.75 billion. The market did not become weary despite the numerous headwinds and realignments of interests and agendas that might lead to uncertainty. Businesses are beginning to see the value of AI. Enterprises are actively implementing automation to automate repetitive tasks, ensure compliance, and improve customer experience. In addition, they are partnering with machine learning platforms, hiring AI talent, and acquiring AI startups to build data pipelines, develop custom AI models, and manage the development and operation lifecycle of their machine learning systems. For example, Mythic's platform provides the benefit of doing digital/analog calculations in memory, leading to improved performance, accuracy, and power life. Various significant players have been developing to establish a specialized platform. Additionally, it is projected that the growth of the artificial intelligence chip would be aided by the surge in demand for video surveillance & AI integration as well as the increase in government spending on cybersecurity solutions incorporating real-time analytics & AI. As a result, the growth of the global Artificial Intelligence Chip Market is driven by an increase in investments in AI startups.

Artificial Intelligence Chip Market Segmentation:
1) By Chip Type: GPU, ASIC, FPGA, CPU, Others.
2) By Application: Natural Language Processing (NLP), Robotics, Computer Vision, Network Security, Others.
3) By Technology: System-on-chip, System-in-package, Multi-chip Module, Others.
4) By Processing Type: Edge, Cloud.
By End-Use: BFSI, Media & Advertising, IT & Telecom, Retail, Healthcare, Automotive & Transportation, Others.

Artificial Intelligence Chip Market Regional Analysis:
The artificial intelligence chip market in the world is dominated by North America. This is because US tech titans are so prevalent there. The usage of AI chips in security applications and significant investments in AI-related technologies are also occurring in the region. Due to the existence of growing nations like China and India, which are seeing technological developments and widespread use of AI processor-enabled systems, the Asia Pacific area is predicted to grow at a high rate.

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Key players profiles in the artificial intelligence chip market Intel Corporation, Apple, NVIDIA Corporation, Samsung Electronics, Xilinx, Micro, Microsemi Corporation, Advanced Micro Devices, Alphabet Inc. (Google Inc.), NXP Semiconductors N.V, Analog Devices, Inc, Mediatek, Inc., Qualcomm Incorporated

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