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Artificial Intelligence Chip Market Share Analysis, Growth Rate overview By 2024-2033
Artificial Intelligence Chip Market
The Business Research Company presents an extensive market research report on the "Artificial Intelligence Chip Global Market Report 2024," furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Artificial Intelligence Chip industry. This report on Artificial Intelligence Chip market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The artificial intelligence chip market size has grown exponentially in recent years. It will grow from $21.71 billion in 2023 to $30.04 billion in 2024 at a compound annual growth rate (CAGR) of 38.4%. The growth in the historic period can be attributed to increased data generation, rise in healthcare sector, investment in AI research, rise in retail and e-commerce, rise in economic growth.The artificial intelligence chip market size is expected to see exponential growth in the next few years. It will grow to $117.07 billion in 2028 at a compound annual growth rate (CAGR) of 40.5%.
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Key Market Players:
Intel Corporation, Mediatek Inc., NVIDIA Corporation, Qualcomm Technologies Inc., Advanced Micro Devices Inc.
Market Drivers:
According to the Artificial Intelligence Chip Market Report 2024 by The Business Research Company, An increase in demand for smart homes and smart cities is expected to propel the growth of the artificial intelligence chips market going forward. A 'smart city' refers to a city that uses digital or information-communication technology to improve the comfort and efficiency of human life. One strategy for urbanization that aims to achieve sustainable growth is making cities equipped with cutting-edge features for residents to live, walk, shop, and enjoy a safer and more convenient existence. For instance, in March 2022, according to an article shared by Arab News, a Middle East English-language daily newspaper, Saudi Arabia launched a new smart city project in Jeddah for light industries and auto repair, opening the first two stages of the city, the second of which is a 500,000 square meter labor city.
More information about the Global Artificial Intelligence Chip Market Report -
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Market segments for Artificial Intelligence Chip include:
1) By Chip Type: GPU, ASIC, FPGA, CPU, Other Chip Types
2) By Processing Type: Edge, Cloud
3) By Technology: System-On-Chip (SoC), System-In-Package (SIP), Multi-Chip Module, Other Technologies
4) By Application: Natural Language Processing (NLP), Robotics, Computer Vision, Network Security, Other Applications
5) By Industry: Media and Advertising, BFSI, IT and Telecom, Retail, Healthcare, Automotive and Transportation, Other Industries
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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