Steady Expansion Forecast for Artificial Intelligence Chip Market, Projected to Reach $164.07 Billion by 2029

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Artificial Intelligence Chip Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent years, the artificial intelligence chip market has witnessed an immense expansion. The market, which is currently valued at $29.65 billion in 2024, is estimated to rise to $40.79 billion in 2025, showing a compound annual growth rate (CAGR) of 37.6%. The significant growth experienced in the past can be traced back to factors such as the surge in data production, growth in the healthcare industry, increased investment in AI research, expansion in retail and e-commerce, and overall economic development.

Artificial Intelligence Chip Market Size Forecast: What's the Projected Valuation by 2029?
The market size of the artificial intelligence chip is predicted to witness significant expansion in the upcoming years. By 2029, it is predicted to increase to $164.07 billion, with a compound annual growth rate (CAGR) of 41.6%. The surge in the prediction period can be credited to the escalating demand for applications requiring extensive data, advancements in machine learning algorithms, growth in the automotive industry, the rise in financial services, and increasing urbanization. The major trends during the prediction period consists of personalized ai hardware, advancement in edge AI, integration of quantum computing, introduction of neuromorphic computing, and the rise of energy-efficient AI chips.

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What Are the Drivers Transforming the Artificial Intelligence Chip Market?
The upsurge in the need for smart homes and cities is predicted to catalyze the expansion of the artificial intelligence chips market in the future. A smart city utilizes digital and information-communication technology to enhance the comfort and efficiency of human life, serving as a key strategy for sustainable urbanization by providing residents with modern amenities for a safer, more convenient livelihood. For example, as reported by Arab News, an English-language daily in the Middle East, in March 2022, Saudi Arabia initiated a new smart city project in Jeddah dedicated to light industries and auto repair. The first two phases of this project have been launched, with the second consisting of a 500,000 square meter labor city. The Smart City scheme encompasses a total of 5 million square meters. Additionally, the Saudi Vision 2030 strategic framework characterizes the city with its interconnected infrastructure and the usage of digital and smart technology to provide automated services to consumers. Hence, the escalating demand for smart homes and cities is fostering the growth of the artificial intelligence chips market.

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What Long-Term Trends Will Define the Future of the Artificial Intelligence Chip Market?
Leading firms in the artificial intelligence chips market are making strides in novel technologies, highly focused research, and the development of revolutionary products in this domain, such as the Atom AI chip that performs excellently in computer vision and chatbot AI applications. For example, in February 2023, Rebellions Inc., a company based in South Korea renowned for its expertise in generative AI chips, unveiled Atom. This revolutionary chip utilizes a unique decentralized programming model and state-of-the-art technology, which will equip customers with not only a potent but also an energy-efficient AI hardware solution that offers easy software integration. The design of this new chip allows it to only use about 20% of other high-performance chip's power in the market, providing an efficient domain-specific AI processor with optimized software.

Which Segments in the Artificial Intelligence Chip Market Offer the Most Profit Potential?
The artificial intelligence chip market covered in this report is segmented -

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

Subsegments:
1) By GPU (Graphics Processing Unit): Consumer GPUs, Data Center GPUs, Integrated GPUs
2) By ASIC (Application-Specific Integrated Circuit): Deep Learning ASICs, Neuromorphic ASICs
3) By FPGA (Field-Programmable Gate Array): Standard FPGAs, High-Performance FPGAs
4) By CPU (Central Processing Unit): General-Purpose CPUs, AI-Optimized CPUs
5) By Other Chip Types: DSP (Digital Signal Processor), RISC-V Chips, Hybrid Chips

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Which Firms Dominate the Artificial Intelligence Chip Market by Market Share and Revenue in 2025?
Major companies operating in the artificial intelligence chip market include 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.

Which Regions Offer the Highest Growth Potential in the Artificial Intelligence Chip Market?
North America was the largest region in the artificial intelligence chip market in 2024. The regions covered in the artificial intelligence chip market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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