Artificial Intelligence Chip Market to Experience Robust Growth in the Forecast Period 2023-2031 | NXP Semiconductors, Intel Corporation, Baidu, Qualcomm Technologies Inc., MediaTek Inc, SoftBank Corp., Alphabet Inc., Advanced Micro Devices Inc, Mythic Lt

The global artificial intelligence chip market is projected to grow at a significant rate during the forecast period 2023-2031, according to a new market research report published by Allied Market Research. The global artificial intelligence chip market was valued at $11.2 billion in 2021 and is projected to reach $263.6 billion by 2031, growing at a CAGR of 37.1% from 2022 to 2031. The report provides a comprehensive analysis of the market, including current trends, market drivers, challenges, and opportunities.

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The rising demand for AI-enabled devices, such as smartphones, robots, and autonomous vehicles, is the primary driver of the market growth. Additionally, the growing adoption of cloud-based applications and the emergence of 5G networks are expected to further boost the market growth.

The report provides detailed market segmentation by type, application, and geography. Based on type, the market is segmented into CPU, GPU, FPGA, ASIC, and others. Based on application, the market is segmented into smartphones, robotics, automotive, healthcare, and others. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World.

The Asia-Pacific region is expected to witness the highest growth rate during the forecast period, owing to the increasing adoption of AI-enabled devices and the presence of leading chip manufacturers in the region.

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The report covers a comprehensive competitive analysis and profiles of major market players, such as Advanced Micro Devices, Alphabet Inc. (Google Inc.), Apple, NXP Semiconductors N.V., Analog Devices, Inc., Intel Corporation, Mediatek, Inc., NVIDIA Corporation, Qualcomm Incorporated, and Microsemi Corporation.

The report covers the competitive scenario of the Artificial Intelligence Chip Market. The key players operating in the market are studied in the report to understand their current market position and competitive strengths in the industry. Companies adopt acquisition as their key development strategy in the analgesics industry to increase their market share.

Artificial Intelligence Chip Market KEY BENEFITS:

• This report includes a detailed quantitative analysis of the current trends, size and forecasts from 2023 to 2031, which assists in identifying the prevailing Artificial Intelligence Chip Market opportunities.

• Geographically, the analgesics market is analyzed based on key regions such as North America, Europe, Asia-Pacific, and LAMEA.

• This study evaluates the competitive landscape of the Artificial Intelligence Chip Market to aid the reader in understanding the competitive environment across the geographic locations.

• Furthermore, key market players have been profiled in this report and their strategies are analyzed thoroughly. This helps in understanding the competitive outlook on the supply side of the market.

• Competitive intelligence highlights the business practices followed by leading Artificial Intelligence Chip Market players across various geographic regions.

• Porters Five Forces analysis extensively covers the perspective of buyers and suppliers, along with the competitive rivalry among companies.

• SWOT analysis enables to study the internal environment of the leading companies for strategy formulation.

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