Artificial Intelligence Chip Market Worth $263.6 Billion by 2031 | NVIDIA, AMD, Alphabet, Apple, Intel, Mediatek

The artificial intelligence chip market was valued at $11.2 billion in 2021 and is estimated to reach $263.6 billion by 2031, growing at a CAGR of 37.1% from 2022 to 2031. The artificial intelligence chip market share is expected to witness considerable growth in coming years, owing to the increasing neuromorphic research in an emerging field within the areas of AI hardware which is anticipated to boost the demand for AI chips during the forecast period.

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The creation of a chip that embeds an in-built AI network has emerged as an opportunity for the AI chip market to increase the demand for smart homes & smart cities which will drive the market growth during the forecast period. The rise in investments in AI startups is the major factor driving the market. Furthermore, the emergence of quantum computing will boost the productivity, and accuracy of the supercomputers, and it is anticipated that the healthcare and BFSI industry would benefit the most during the forecast period. All these factors are fostering the growth of the artificial intelligence chip market.

Based on chip type, the CPU segment held the highest share in 2021, accounting for nearly two-fifths of the global artificial intelligence chip market, and is expected to continue its leadership status during the forecast period. However, the ASIC segment is expected to register the highest CAGR of 39.5% from 2022 to 2031.

Based on processing type, the edge segment accounted for the highest share in 2021, contributing to more than three-fifths of the global artificial intelligence chip market, and is expected to maintain its lead in terms of revenue during the forecast period. This segment is expected to manifest the highest CAGR of 39.1% from 2022 to 2031.

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Based on technology, the SoC segment accounted for the highest share in 2021, holding more than half of the global artificial intelligence chip market, and is expected to continue its leadership status during the forecast period. However, the others segment is estimated to grow at the highest CAGR of 44.8% during the forecast period.

Based on region, North America held the largest share in 2021, contributing to more than one-third of the global artificial intelligence chip market share. However, the Asia-Pacific region is projected to dominate in terms of revenue and manifest the fastest CAGR of 40.9% during the forecast period.

Leading market players of the global artificial intelligence chip market analyzed in the research include NXP Semiconductors, Intel Corporation, Baidu, Qualcomm Technologies Inc., MediaTek Inc, SoftBank Corp., Alphabet Inc., Advanced Micro Devices Inc.(Xilinx Inc.), Mythic Ltd., Samsung Electronics Co Ltd., and NVIDIA Corporation (Mellanox Technologies).

Source: https://www.alliedmarketresearch.com/press-release/artificial-intelligence-chip-market.html

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