Artificial Intelligence (AI) Chipsets Market Size, Growth Drivers, Trends And Analysis 2024-2033

The artificial intelligence (ai) chipsets market size has grown exponentially in recent years. It will grow from $14.82 billion in 2023 to $20.79 billion in 2024 at a compound annual growth rate (CAGR) of 40.3%. The growth in the historic period can be attributed to rise in machine learning applications, growth in deep learning technologies, expansion of data analytics, adoption of ai in consumer electronics, increase in cloud computing.

The artificial intelligence (ai) chipsets market size is expected to see exponential growth in the next few years. It will grow to $72.71 billion in 2028 at a compound annual growth rate (CAGR) of 36.8%. The growth in the forecast period can be attributed to surge in demand for ai in autonomous vehicles, surge in ai chipsets for natural language processing, rise of ai in cybersecurity solutions, increase in ai-powered iot devices, customized ai chipsets for industry-specific applications. Major trends in the forecast period include development of new neuromorphic chipsets, advances in semiconductor manufacturing, advances in quantum computing, collaboration with ai software developers, ai chipsets for real-time video analysis, focus on energy-efficient ai chip designs.

Market Overview -
Artificial intelligence (AI) chipsets are specialized hardware components designed to efficiently perform the computational tasks required for AI applications. They are used in various applications, including autonomous vehicles, robotics, natural language processing, computer vision, and many other AI-driven systems.

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Surging Demand For Autonomous Vehicles To Drive Market Growth
The rising demand for autonomous vehicles is expected to propel the growth of the artificial intelligence (AI) chipsets market going forward. An autonomous vehicle, also known as a driverless car, can run and execute critical activities without human involvement due to its capacity to recognize its environment. Artificial intelligence (AI) chipsets are essential for the operation of autonomous vehicles as they offer the processing capacity, machine learning capabilities, and real-time decision-making required for safe and effective self-driving experiences. For instance, in December 2022, according to the National Association of Insurance Commissioners, a US-based non-profit organization, there are expected to be 3.5 million autonomous vehicles on American roads by 2025 and 4.5 million by 2030. Therefore, the emerging trend of autonomous vehicles will drive the artificial intelligence (AI) chipset market.

Competitive Landscape -
Major companies operating in the artificial intelligence (ai) chipsets market report are Apple Inc., Alphabet Inc., Samsung Electronics Co. Ltd., Microsoft Corporation, Huawei Technologies Corporate Limited, Intel Corp., International Business Machines Corporation (IBM), Qualcomm Technologies, Broadcom Limited, Micron Technology Inc., Toshiba Corporation, Nvidia Corporation, Advanced Micro Devices Inc., Texas Instruments, Western Digital Corporation, MediaTek Inc., Baidu Inc., STMicroelectronics, Infineon Technologies, Renesas Electronics Corporation, NXP Semiconductors NV, Synopsys Inc., Cadence Design Systems Inc., Xilinx Inc., Arm Holdings, Graphcore Limited, Mythic Ltd., SambaNova Systems

Product Innovations Transforming The Artificial Intelligence (AI) Chipsets Market

Product innovations are a key trend gaining popularity in the artificial intelligence (AI) chipsets market. Major companies operating in the artificial intelligence (AI) chipsets market are focused on developing innovative solutions to strengthen their position in the market. For instance, in September 2022, Nvidia Corporation, a US-based artificial intelligence hardware and software manufacturer, launched the GeForce RTX 40 Series of GPUs. The RTX 40 series GPU has several innovative features, such as streaming multiprocessors, third-generation RT cores, fourth-generation tensor cores, shader execution reordering, an Ada optical flow accelerator, and dual Nvidia encoders. It is intended to provide gamers and creators with ground-breaking performance, driven by its new flagship GPU, the RTX 4090, which has up to four times the performance of its predecessor.

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Key Segments -

The artificial intelligence (ai) chipsets market covered in this report is segmented -

1) By Hardware: Processor, Memory, Network
2) By Function: Training, Inference
3) By Technology: Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision, Predictive Analysis
4) By End-User: Healthcare, Manufacturing, Automotive, Agriculture, Retail, Cybersecurity, Human Resources, Marketing, Law, Other End-Users

Key highlights covered in the report -

1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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