Generative Artificial Intelligence (AI) Chipset Market is Anticipated to Expand upto $107.76 Billion in 2029

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What Is the Forecasted Market Growth Rate of the Generative Artificial Intelligence (AI) Chipset Industry?
In recent years, the market size for generative artificial intelligence (ai) chipsets has seen a significant uptick. The market is projected to rise from $32.2 billion in 2024 to $40.97 billion in 2025, at a compound annual growth rate (CAGR) of 27.2%. The historical growth is accredited to a surge in the need for computational power, an upward trend in deep learning, augmented investment in AI research, escalating demand for real-time AI processing, and a growing consumer interest in devices facilitated by AI.

How Will the Generative Artificial Intelligence (AI) Chipset Market Size Evolve From 2025 to 2029?
Significant expansion is projected for the generative artificial intelligence (ai) chipset market in the coming years, with anticipated growth to $107.76 billion by 2029 at a compound annual growth rate (CAGR) of 27.3%. This predicted growth during the forecast period can be ascribed to factors such as the surge in big data, evolution of GPUs, progression in cloud computing, the accommodating nature of mixed precision computing, and backing from government initiatives and funding. Key trends to watch during this prognosis period include the assimilation of edge computing, combination with FPGA and ASIC technologies, advanced cooling methods, interoperability across different platforms, and heightened interconnect technology.

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What Are the Main Growth Drivers in the Generative Artificial Intelligence (AI) Chipset Market Today?
The generative artificial intelligence (AI) chipset market is poised for growth, influenced by the increasing prevalence of cloud-based solutions. These solutions are services and resources provided via the internet, as opposed to local servers or physical hardware. The upward trend in the use of cloud-based solutions is credited to their scalable resources, affordability, and the flexible access they allow to data and applications from any location. This adaptability not only fortifies operational agility but also cuts infrastructure costs for businesses. Generative AI chipsets boost the performance of these solutions by speeding up the processing of intricate AI models, enhancing data management efficiency, and facilitating real-time, high-capacity calculations. This enables more sophisticated and efficient cloud services and applications. As an example, a report by Eurostat, a government agency based in Luxembourg, shows that in December 2023, 42.5% of EU businesses made use of cloud computing services. This was mainly for email, file storage and office software, marking a 4.2 percentage point growth from 2021. Consequently, the growing inclination toward cloud-based solutions is fuelling the expansion of the generative artificial intelligence (AI) chipset market.

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Which Generative Artificial Intelligence (AI) Chipset Market Segment Is Expected to Lead Through 2029?
The generative artificial intelligence (ai) chipset market covered in this report is segmented -

1) By Type: Central Processing Unit (CPU), Graphics Processing Unit (GPU), Field-Programmable Gate Array (FPGA), Application-Specific Integrated Circuit (ASIC), Other Types
2) By Application: Information Cognition, Traffic Prediction And Classification, Resource Management And Network Adoption, Performance Prediction And Configuration Extrapolation
3) By End-Use: Automotive, Banking, Financial Services, And Insurance (BFSI), Consumer Electronics, Healthcare, Manufacturing, Retail, Telecommunication, Other End Users

Subsegments:
1) By Central Processing Unit (CPU): General-Purpose CPUs, Multi-Core CPUs, High-Performance CPUs, Low-Power CPUs
2) By Graphics Processing Unit (GPU): Integrated GPUs, Dedicated GPUs, High-End GPUs, Mid-Range GPUs, Low-End GPUs
3) By Field-Programmable Gate Array (FPGA): High-Density FPGAs, Low-Density FPGAs, High-Speed FPGAs, Low-Power FPGAs
4) By Application-Specific Integrated Circuit (ASIC): Neural Network ASICs, Digital Signal Processing ASICs, Mixed-Signal ASICs, Custom ASICs
5) By Other Types: Digital Signal Processors (DSP), System-On-Chip (SoC), Neuromorphic Chips, Quantum Chips

Which Market Trends Are Expected to Dominate Generative Artificial Intelligence (AI) Chipset Industry Growth?
Key players in the generative AI chipset market are concentrating on the evolution of superior solutions like high-end mobile platforms to improve on-device generative AI functionalities. A top-tier mobile device equipped with a generative AI chipset, referred to as a premium mobile platform, possesses sophisticated AI hardware that specializes in generating, refining content, and heightening user engagement. To illustrate, Qualcomm Technologies Inc., an American semiconductor firm, in October 2023, introduced their newest high-end chipset, the Snapdragon 8 Gen 3, tailored to boost generative AI abilities in premium smartphones. The Snapdragon 8 Gen 3 is constructed to promote advanced generative AI programs, permitting smartphones to perform operations such as real-time voice conversion, automatic content production, and superior photo editing directly on the gadget. This shift towards on-device processing lowers dependence on cloud services, resulting in quicker speeds and better privacy for users.

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Which Companies Hold the Largest Market Share in the Generative Artificial Intelligence (AI) Chipset Sector?
Major companies operating in the generative artificial intelligence (AI) chipset market are Samsung Electronics Co Ltd., Microsoft Corporation, Huawei Technologies Co. Ltd., Amazon Web Services Inc., LG Electronics Inc., Intel Corporation, Cisco Systems Inc., Qualcomm Technologies Inc., Broadcom Inc., Micron Technology Inc., NVIDIA Corporation, Advanced Micro Devices Inc., MediaTek Inc., Synopsys Inc., Arm Holdings plc, Lattice Semiconductor Corporation., Rambus Inc., Cerebras Systems Inc., Hailo Technologies Ltd., SiMa.ai Inc

Where Is the Generative Artificial Intelligence (AI) Chipset Market Experiencing the Highest Growth?
North America was the largest region in the generative artificial intelligence (AI) chipset market in 2024. The regions covered in the generative artificial intelligence (AI) chipset market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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