Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
How Will the AI Chip Market Size Develop in the Coming Years?
The artificial intelligence chip market has experienced substantial growth in recent years, with its market size ballooning from $29.65 billion in 2024 to a projected $40.79 billion in 2025. This illustrates a compound annual growth rate (CAGR) of 37.6%. Factors contributing to this historic growth can be traced to increased data generation, a rise in the healthcare sector, investment in AI research, along with the rapid expansion of retail and e-commerce sectors, and accelerating economic growth.
This rapid development is expected to continue, with the AI chip market size forecasted to expand to $164.07 billion in 2029 at a remarkable CAGR of 41.6%. This growth can be primarily attributed to the burgeoning demand for data-intensive applications, advancements in machine learning algorithms, a growing automotive sector, rising financial services, and increased urbanization. Prominent trends over the forecast period include the integration of customized AI hardware, edge AI acceleration, quantum computing, neuromorphic computing, and the production of energy-efficient AI chips.
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What’s Driving the Exponential Growth of the Artificial Intelligence Chip Market?
A significant increase in demand for smart homes and smart cities is expected to drive the growth of the artificial intelligence chip market. The concept of a smart city refers to urban areas that deploy and integrate information and communication technologies to improve the lives and efficiency of its inhabitants. One such strategy aimed at facilitating sustainable growth involves equipping cities with cutting-edge technology.
For instance, in March 2022, Saudi Arabia launched a new smart city project in Jeddah for light industries and auto repair, unveiling the first two stages of the city, which covers a total of 5 million square meters. According to Saudi Vision 2030, this city boasts an integrated infrastructure that applies digital and smart technology to deliver automated services to customers. Therefore, the burgeoning demand for smart homes and cities is driving the growth of artificial intelligence chips.
Which Are the Key Segments Within the Global AI Chip Market?
The artificial intelligence chip market covered in this report comprises:
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
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Who Are The Major Players in The AI Chip Market?
Significant companies operating in the AI 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.
What Trends Are Emerging in the AI Chip Market?
Companies within the AI chip market are advancing their new technologies and research and development initiatives. For example, in February 2023, South Korean company Rebellions Inc. launched Atom, an AI chip designed for running computer vision and chatbot AI applications. With its unique decentralized programming model and technology, Atom is designed to consume just 20% of the power that other leading chips do and offers a domain-specific AI processor.
What Is The Regional Outlook for the AI Chip Market?
In 2024, North America was the largest region in the artificial intelligence chip market. The regions covered in the market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Does The Artificial Intelligence Chip Market Report 2025 Offer?
Artificial intelligence chips are specific computer chips designed to achieve high efficiency and speed for computations related to AI, assisting clients in obtaining business insights at scale across various applications. The Artificial Intelligence Chip Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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