Artificial Intelligence (AI) Chip Market - By Chip Type (GPU, ASIC, FPGA, CPU And Others), By Application (Natural Language Processing (NLP), Robotic, Computer Vision, Network Security And Others), By Technology (System-On Chip, System-In Package, Multi-Chip Module, And Others), By Processing (Edge And Cloud), By Industry Vertical (Media & Advertising, BFSI, IT & Telecom, Automotive, Healthcare And Others) and By Region - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Artificial Intelligence (AI) Chips are silicon chips, which integrated with AI technology and are used for machine learning.  It helps to minimize the risk to human life in many industries vertical and used in need for more organized systems to solve mathematical and computational problems. The global artificial intelligence (AI) market accounted approximate USD 13690.6 million in 2020 and is expected to reach USD 486122.1022 million by 2030 with a CAGR of 42.90% during the forecast period. Moreover, as the term suggests, refers to a new generation microprocessor which are specially designed to process AI tasks faster, using less power. Additionally, one clear advantage of AI chips is that they will allow for processing to be done onboard the device, lowering response time against offloading compute to the cloud.

Market Segmentation:

On the basis of chip type, market it is segmented into graphical processing unit (GPU), Application specific integrated circuit (ASIC), field programmable gate array (FPGA), central processing unit (CPU), and others.  GPU chips segment hold the largest share and it contributing nearly about one-third of the market. ASIC segment is anticipated to acquire fastest growth with CAGR of 50.8% during the forecast period. On the basis of application, market it classified into natural language processing (NLP), robotic, computer vision, network security and others. According to research study NLP segment is dominated the market and is expected to maintain same trend during the forecast period. Robotics segment is anticipated to register fastest growth with CAGR of 49.2% during the forecast period. Based on technology, market is segmented into system-on chip, system-in package, multi-chip module and others. Based on processing type it is bifurcated into two types that is edge and cloud. Based on industry, it is segmented into media & advertising, BFSI, IT & telecom, automotive, healthcare and others. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.  

Market Dynamics and Factors:

A surge in demand for smart homes, smart cities and rise in investments in AI startups are driving the global AI chip market. Additionally, emergence of quantum computing, development of smart robots and increased adoption of AI chips in the developing countries are driving the growth of market. However, dearth of skilled workforce is restraining the market growth.

Geographic Analysis:

North America dominated the global AI chip market and hold largest share. The region accounted approximate one-third of the total global revenue, and anticipated to maintain same trend during forecast period. Due to, Technological advancement, R & D activities in automotive, healthcare and cyber security industries driving the market growth in region, Followed by Europe. However, the market across Asia Pacific region anticipated to account fastest growth with CAGR of 49.5% during the forecast period.

Competitive Scenario:

Some of the key players in global AI chip market are Micro Devices Inc., IBM Corporation, Micron technology Inc., Qualcomm Incorporated, Samsung electronics Co. ltd., NVIDIA Corporation, Intel Corporation, Huawei technologies Co. ltd, Google, Baidu Inc., Mythic Inc.

Artificial Intelligence (AI) Chip Market Report Scope