At CAGR 35.20%, Artificial Intelligence Chip Market Is Expected to Generate US$ 66.4 Billion by 2027: IMARC Group

IMARC Group has recently released a new research study titled "Artificial Intelligence Chip Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global artificial intelligence chip market reached a value of US$ 9.64 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 66.4 Billion by 2027, exhibiting a CAGR of 35.20% during 2022-2027.

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.

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Artificial Intelligence Chip Market Trends and Drivers:

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 the market growth.

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Global Artificial Intelligence Chip Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

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.

The report has segmented the market on the basis of region, chip type, technology, processing type, application and industry vertical.

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

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

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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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