Press release
Exponential Growth Forecasted for Global Artificial Intelligence Chip Market: Surge Predicted due to Advancements in Technological Domains
Artificial Intelligence Chip Market
A Detailed Look at the Anticipated Boom in the Artificial Intelligence Chip Market
What Is The Projected Market Size Of The Global Artificial Intelligence Chip Market And Its Growth Rate?
• The artificial intelligence chip market is currently explosive, with the market value predicted to surge from $29.65 billion in 2024 to a staggering $40.79 billion in 2025. This represents a compound annual growth rate (CAGR) of 37.6% in the historic period.
• Factors contributing to this growth include increased data generation, health sector expansion, significant investment in AI research, retail and e-commerce growth, and global economic growth.
• The anticipated growth trend continues into the future, with the market size projected to reach $164.07 billion in 2029 at a noteworthy CAGR of 41.6%.
• This forecasted growth will be driven by growing demand for data-intensive applications, machine learning advancements, a booming automotive sector, financial service growth, and urbanization.
What Is Driving The Growth In The Artificial Intelligence Chip Market?
The demand for smart homes and cities is driving the growth of the artificial intelligence chips market. Smart cities aim to use digital and information-communication technology to improve human life comfort and efficiency. Smart cities are urbanization strategies aimed at sustainable growth by equipping cities with top-notch features. For instance, Saudi Arabia recently launched a new smart city in Jeddah dedicated to light industries and auto repair, as part of the country's Vision 2030 framework. The smart city initiative covers a total of 5 million square meters and boasts digital and smart technology to provide automated services. Consequently, the demand for smart homes and cities is driving the artificial intelligence chips market's growth.
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Who Are the Key Players Driving Artificial Intelligence Chip Market Growth?
• Intel Corporation
• Mediatek Inc
• NVIDIA Corporation
• Qualcomm Technologies Inc.
• Advanced Micro Devices Inc
• Alphabet Inc
• NXP Semiconductors N.V
• Micron Technology Inc
• IBM Corporation
• Apple Inc
• Huawei Technologies Co Ltd
• Mythic Inc
• Samsung Electronics Co ltd.
• LG Corporation
• Google LLC
• Advanced Micro Devices Inc
• Baidu
• Mellanox Technologies
• Xilinx Inc.
• Graphcore
• Cerebras Systems
• Habana Labs
• Vinova Pte Ltd.
• MemryX Inc.
• BrainChip Holdings Ltd.
• NeuReality Ltd.
What Are The Key Trends In The Artificial Intelligence Chip Market?
• Customized AI hardware
• Edge AI acceleration
• Quantum computing integration
• Neuromorphic computing
• Energy-efficient AI chips
What Are The Segments Of The Global Artificial Intelligence Chip Market?
• By Chip Type: GPU, ASIC, FPGA, CPU, Other Chip Types
• By Processing Type: Edge, Cloud
• By Technology: System-On-Chip (SoC), System-In-Package (SIP), Multi-Chip Module, Other Technologies
• By Application: Natural Language Processing (NLP), Robotics, Computer Vision, Network Security, Other Applications
• By Industry: Media and Advertising, BFSI, IT and Telecom, Retail, Healthcare, Automotive and Transportation, Other Industries
Which Region Leads The Artificial Intelligence Chip Market?
North America was the most significant contributor to the artificial intelligence chip market in 2024. While the report covers various regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, it is anticipated that these regions will also witness considerable growth.
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What Is Covered In The Artificial Intelligence Chip Market Global Market Report?
- Market Size Analysis: Analyze the Artificial Intelligence Chip Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Artificial Intelligence Chip Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Artificial Intelligence Chip Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Artificial Intelligence Chip Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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