Press release
Artificial Intelligence in Chip Design Market Research: Insights into Growth and Innovation 2023
Artificial Intelligence in Chip
According to the report, the global Artificial Intelligence in Chip Design market was valued at $14.9 billion in 2022, and is projected to reach $383.7 billion by 2029, registering a CAGR of 38.2% from 2023 to 2029.
Drivers:
Increased demand for customized and complex chip designs
As demand for advanced technologies such as AI, the Internet of Things (IoT), and autonomous vehicles continues to expand, there is a burgeoning need for custom chip designs tailored specifically to each application's requirements. Generative AI in chip design provides tailored designs that enhance performance, power efficiency, and functionality while meeting individual specifications.
Some of the Top Companies Influencing this Market includes:
IBM, Applied Materials, Siemens, Google(Alphabet), Cadence Design Systems, Synopsys, Intel, NVIDIA, Mentor Graphics, Flex Logix Technologies, Arm Limited, Kneron, Graphcore, Hailo, Groq, Mythic AI
Recent Developments:
August 2023:
Google announced new versions of its own foundation AI infrastructure that improve performance and add features. The new version of its text model called PaLM, for example, increased the amount of text users can input to make it easier to process longer documents such as legal briefs and books.
International Business Machines (IBM) is considering the use of artificial intelligence chips that it designed in-house to lower the costs of operating a cloud computing service.
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https://www.marketinsightsreports.com/reports/092813022726/global-artificial-intelligence-in-chip-design-market-report-history-and-forecast-2018-2029-breakdown-data-by-companies-key-regions-types-and-application/inquiry?Mode=M_312
Segmentation Analysis of the market:
The market is segmented based on the type, product and application. The segmentation helps to deliver a precise explanation of the market.
Market Segmentation: By Type
Hardware
Software
Service
Market Segmentation: By Application
IDM
Foundry
Regional Coverage:
To comprehend Global Artificial Intelligence in Chip Design market dynamics in the world mainly, the Global market is analyses across major global regions. Customized study by specific regional or country can be provided, usually client prefers below
- North America: United States of America (US), Canada, and Mexico.
- South & Central America: Argentina, Chile, Colombia and Brazil.
- Middle East & Africa: Kingdom of Saudi Arabia, United Arab Emirates, Turkey, Israel, Egypt and South Africa.
- Europe: the UK, France, Italy, Germany, Spain, NORDICs, BALTIC Countries, Russia, Austria and Rest of Europe.
- Asia: India, China, Japan, South Korea, Taiwan, Southeast Asia (Singapore, Thailand, Malaysia, Indonesia, Philippines & Vietnam etc.) & Rest
- Oceania: Australia & New Zealand
North America to maintain its dominance by 2029:
Based on region, North America held the highest market share in terms of revenue in 2022, accounting for more than one-third of the global Artificial Intelligence in Chip Design Market revenue. The Asia-Pacific region is expected to witness the fastest CAGR of 42.1% from 2023 to 2029 and is likely to dominate the market during the forecast period, owing to the advancements in algorithmic software systems have revolutionized the market in Asia-Pacific with Google's AlphaGo program that defeated Korea's Lee Sedol, world's top third player of a complex game Go. Many large and mid-size markets in the region have extensively adopted AI technologies, specifically in the finance and healthcare sectors.
The full Report of Artificial Intelligence in Chip Design Market is Available@:
https://www.marketinsightsreports.com/reports/092813022726/global-artificial-intelligence-in-chip-design-market-report-history-and-forecast-2018-2029-breakdown-data-by-companies-key-regions-types-and-application?Mode=M_312
Key Benefits for Stakeholders:
- The study represents a quantitative analysis of the present Market trends, valuations, and dynamics of the market size from 2023 to 2029 to determine the most promising opportunities.
- Porter's five forces study emphasizes the importance of buyers and suppliers in assisting stakeholders to make profitable business decisions and expand their supplier-buyer network.
- In-depth analysis, as well as market size and segmentation, help you identify current Artificial Intelligence in Chip Design Market opportunities.
- The largest countries in each region are mapped according to their revenue contribution to the market.
- The Artificial Intelligence in Chip Design Market research report gives a thorough analysis of the current status of the Artificial Intelligence in Chip Design Market's major players.
Quick Snapshot and Extracts from TOC of Latest Edition Overview of Artificial Intelligence in Chip Design Market:
Artificial Intelligence in Chip Design Size (Sales Volume) Comparison by Type
Artificial Intelligence in Chip Design Size (Consumption) and Market Share Comparison by Application (2023-2029)
Artificial Intelligence in Chip Design Size (Value) Comparison by Region (2023-2029)
Artificial Intelligence in Chip Design Sales, Revenue and Growth Rate (2023-2029)
Market Competitive Situation and Current Scenario Analysis
Strategic proposal for estimating sizing of core business segments
Players/Suppliers High Performance Pigments Manufacturing Base Distribution, Sales Area, Product Type
Analyze competitors, including all important parameters of Market
Market Manufacturing Cost Analysis
Latest innovative headway and supply chain pattern mapping of leading and merging industry players
This report aims to provide:
A qualitative and quantitative analysis of the current trends, dynamics, and estimations from 2023 to 2029.
The analysis tools such as SWOT analysis and Porter's five force analysis are utilized, which explain the potency of the buyers and suppliers to make profit-oriented decisions and strengthen their business.
The in-depth market segmentation analysis helps identify the prevailing Artificial Intelligence in Chip Design market opportunities.
In the end, this immersion market helps to save you time and money by delivering unbiased information under one roof.
For More in-depth competitive analysis, of Artificial Intelligence in Chip Design Market Report Buy Now:
https://www.marketinsightsreports.com/report/purchase/092813022726?mode=su?Mode=M_312
With this report you will learn:
Who the leading players are in Artificial Intelligence in Chip Design Market?
What you should look for in a Artificial Intelligence in Chip Design?
What trends are driving the Market?
About the changing market behavior over time with strategic view point to examine competition?
Who are the main players in the market, and what is their market share?
How do companies set their prices in the market, and what is the competitive landscape like?
We offer customization on the Artificial Intelligence in Chip Design market report based on specific client requirements:
Customization 20%.
Five Countries can be added as per your choice.
Five Companies can add as per your choice.
Free customization for up to 40 hours.
After-sales support for One year from the date of delivery.
About Us:
market Insights Reports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. market insights reports provide global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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Irfan Tamboli (Head of Sales) - market insights reports
Phone: + 1704 266 3234 | +91-750-707-8687
Mail to: sales@marketinsightsreports.com | irfan@marketinsightsreports.com
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