Artificial Intelligence Chip Market is Projected to Grow Expeditiously: to Reach USD 383.7 Billion by 2032, Report

llied Market Research published a report, titled, "Artificial Intelligence Chip Market By Chip Type (GPU, ASIC, FPGA, CPU, Others), By Processing Type (Edge, Cloud), By Technology (System On Chip, System In Package, Multi Chip Module, Others), By Application (Nature Language Processing, Robotics, Computer Vision, Network Security, Others), By Industry Vertical (Media And Advertising, BFSI, IT And Telecom, Retail, Healthcare, Automotive And Transportation, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global artificial intelligence chip market was valued at $14.9 billion in 2022, and is projected to reach $383.7 billion by 2032, registering a CAGR of 38.2% from 2023 to 2032.

Request PDF Brochure: https://www.alliedmarketresearch.com/request-sample/4515

Artificial intelligence chips are used across a broad spectrum of industries and applications. Artificial intelligence chips consist of AI specialized graphics processing units (GPUs), application-specific integrated circuits (ASICs), and field-programmable gate arrays (FPGAs). These are way more faster and more efficient than general purpose CPUs

Prime determinants of growth

Rise in demand for smart homes and smart cities, increase in investment in AI startups, and emergence in quantum computing are expected to drive the growth of artificial intelligence chip market during the forecast period. In addition, the market opportunity is anticipated to be driven by increase in adoption of AI chips in developing economies. The market expansion is, however, hampered by lack of skilled workforce. Increase in development of smarter robots based on 5G and widespread use of AI chips in smart homes are anticipated to present prospective growth opportunities for the global artificial intelligence chip market during the forecast period.

The CPU segment to maintain its leadership status throughout the forecast period.

Based on chip type, the CPU segment held the highest market share in 2022, accounting for more than one-third of the global artificial intelligence chip market revenue, and is estimated to maintain its leadership status throughout the forecast period, as the CPU's have the capacity to handle sequential code, and it is expected to propel market growth, and the fusion of CPU with FPGA presents attractive prospects for major market players. However, the ASIC segment is projected to manifest the highest CAGR of 39.8% from 2023 to 2032, as it is expected to rise significantly in emerging markets during the forecast period.

Procure Complete Report (381 Pages PDF with Insights, Charts, Tables, and Figures) @ https://www.alliedmarketresearch.com/checkout-final/a9489f9fb5808d4c0f2bf48e30e8f708

The edge segment to maintain its leadership status throughout the forecast period.

Based on processing type, the edge segment held the highest market share in 2022, accounting for more than three-fifths of the global artificial intelligence chip market revenue, owing to the advancements in technology, and increase in demand for state-of-the art artificial intelligent systems for healthcare and BFSI industry verticals. Moreover, the edge segment is projected to manifest the highest CAGR of 40.3% from 2023 to 2032, and is estimated to maintain its leadership status throughout the forecast period.

The healthcare segment to maintain its leadership status throughout the forecast period.

Based on industry vertical, the healthcare segment held the highest market share in 2022, accounting for nearly one-fifth of the global artificial intelligence chip market revenue, as it serve the purpose of diagnosis & treatment, disease management, clinical trials, wellness, and reimbursement. Moreover, others segment is projected to manifest the highest CAGR of 44.2% from 2023 to 2032 and is estimated to maintain its leadership status throughout the forecast period, as it find its expanding implementation in industry verticals such as agriculture, law, educational institutions.

North America to maintain its dominance by 2032.

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 chip market revenue. The Asia-Pacific region is expected to witness the fastest CAGR of 42.1% from 2023 to 2032 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.

Inquiry Before Buying @ https://www.alliedmarketresearch.com/purchase-enquiry/4515

Leading Market Players: -

Qualcomm Technologies Inc.
Baidu
MediaTek Inc
NVIDIA Corporation (Mellanox Technologies)
Alphabet Inc.
Mythic
NXP Semiconductors
Intel Corporation
Samsung Electronics Co Ltd
Advanced Micro Devices Inc.(Xilinx Inc.)
SoftBank Corp.

Know More- https://www.globenewswire.com/news-release/2023/09/06/2738228/0/en/Artificial-Intelligence-Chip-Market-to-Reach-383-7-Billion-Globally-by-2032-at-38-2-CAGR-Allied-Market-Research.html

Have a Look at Related Research Reports in the Semiconductor-and-Electronics Domain:

Display Market https://www.alliedmarketresearch.com/display-market
Mobile Robotics Market https://www.alliedmarketresearch.com/mobile-robotics-market
Micro Battery Market https://www.alliedmarketresearch.com/micro-battery-market

Contact:
Davin Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | LinkedIn | YouTube |

About Us:

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides end-to-end solutions along with information, education, advocacy, and networking resources to SMEs and early-stage start-ups to bring excellence to their processes. In addition, we offer a nurturing environment required to develop and grow businesses, including business planning; virtual support; market intelligence; acquiring resources; and getting direct access to finance, suppliers, and other experts to boost the growth of businesses and entrepreneurs.

Our bundled and hassle-free business support systems are customized to meet the needs of SME consultants and industry leaders. Moreover, our large network of skilled consultants and experts help start-ups get the business on a roll.

This release was published on openPR.