Press release
Artificial Intelligence Chipset Market Know the Scope and Trends
The global Artificial Intelligence Chipset market is estimated to reach over USD 790.44 billion by 2034, exhibiting a CAGR of 20.7% during the forecast period.
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Artificial Intelligence (AI) chipsets are advanced silicon-based components integrated with AI capabilities, designed to deliver enhanced computational performance for connected devices such as smartphones, laptops, and smart wearables. These chipsets significantly improve device functionality by enabling advanced analytics, augmented reality (AR), and virtual reality (VR) experiences, thereby enhancing overall operational efficiency and user engagement.
The global AI chipset market is poised for substantial growth, driven by advancements in quantum computing and the increasing deployment of AI-powered robotics. Additionally, the emergence of autonomous robotics-machines capable of self-directed operation and maintenance-is expected to unlock new opportunities for market expansion.
List of Prominent Players in the Artificial Intelligence Chipset Market:
• Advanced Micro Devices, Inc. (AMD)
• Alibaba Group Holding Limited
• Alphabet Inc. (Google LLC)
• Amazon Web Services (AWS)
• Fujitsu Limited
• General Vision, Inc.
• Graphcore Limited
• GreenWaves Technologies
• Huawei Technologies Co., Ltd.
• Intel Corporation
• International Business Machines Corporation (IBM)
• Kalray Corporation
• Kneron
• Koniku Inc
• MediaTek Inc.
• Micron Technology, Inc.
• Microsoft Corporation
• Mythic Inc.
• NVIDIA Corporation
• Qualcomm Technologies, Inc.
• SambaNova Systems Inc
• Samsung Electronics Co., Ltd.
• Tenstorrent Inc.
• Wave Computing, Inc.
• Xilinx, Inc.
• XMOS Limited
Market Dynamics:
Drivers-
The exponential growth in data volumes-primarily driven by the widespread use of social media platforms and e-commerce-has significantly increased the demand for high-performance processors. This surge in data generation necessitates faster and more efficient processing capabilities, which in turn is accelerating the adoption of AI chipsets. Additionally, the growing integration of machine learning technologies across key industries such as healthcare, automotive, finance, and transportation is further contributing to market growth, as these sectors seek to optimize operational efficiency.
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Challenges:
The global pandemic has adversely impacted the AI chipsets market, with lingering effects expected in the years ahead. Disruptions to manufacturing operations, supply chains, and reduced technology adoption-particularly within emerging sectors-have collectively hindered market progression. Lockdown measures forced many industrial players to suspend production, thereby weakening the global supply chain. According to data from the Index of Industrial Production (IIP), the manufacturing sector reported an 11.1% decline in output in July 2020, underscoring the severity of the disruption.
Regional Trends:
Asia Pacific is projected to witness the highest growth rate during the forecast period, driven by the rapid development of economies such as India and South Korea. These nations benefit from vibrant startup ecosystems and an expanding pool of technically skilled professionals. Notably, Singapore's government has proactively advanced its AI strategy by forming a dedicated council on AI ethics and promoting AI integration across various sectors. Meanwhile, Europe is expected to experience significant growth as well, supported by a strong presence of AI technology providers and an increasing commitment to innovation and digital transformation.
Recent Developments:
• In August 2020, Kneron introduced the KL 720 SoC, a cutting-edge chipset-based AI. The chipset's SoC, which uses Arm Cortex M4 as its primary control processor, can deliver 1.5 TOPS of performance.
• In February 2022, A USD 56 million Series A investment was disclosed by Celestial AI, an AI accelerator firm with a unique hardware and software architecture for machine learning chipsets. The additional funding will go towards product development and strategic supplier relationships, including those with Broadcom.
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Segmentation of Artificial Intelligence Chipset Market-
By Technology
• Machine Learning
• Natural Language Processing
• Context-Aware Computing
• Computer Vision
• Predictive Analysis
By Function
• Training
• Inference
By Hardware
• Processor
• Memory
• Network
By End-User
• Healthcare
• Manufacturing
• Automotive
• Agriculture
• Retail
• Cybersecurity
• Human Resources
• Marketing
• Law
• Fintech
• Government
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
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