The artificial intelligence (ai) in chip design global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Artificial Intelligence (AI) In Chip Design Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The artificial intelligence (AI) in chip design market size has grown exponentially in recent years. It will grow from $1.91 billion in 2023 to $2.56 billion in 2024 at a compound annual growth rate (CAGR) of 34.1%. The growth in the historic period can be attributed to the surge in edge computing, growing adoption of cloud computing and edge computing, the emergence of neuromorphic computing, increasing demand for advanced Artificial Intelligence (AI) applications, increasing data traffic, and the growing trend towards autonomous vehicles.
The Artificial Intelligence (AI) in chip design market size is expected to see exponential growth in the next few years. It will grow to $8.47 billion in 2028 at a compound annual growth rate (CAGR) of 34.8%. The growth in the forecast period can be attributed to increasing adoption of Artificial Intelligence (AI) in consumer electronics, expansion of Artificial Intelligence (AI) applications in healthcare, increasing investment in Artificial Intelligence (AI) research and development, government initiatives and funding, and increasing demand for Artificial Intelligence (AI)-optimized chips. Major trends in the forecast period include advancements in machine learning and deep learning models, integration of Artificial Intelligence (AI) chips in the internet of things (IoT) devices, quantum computing integration, customizable Artificial Intelligence (AI) chips, and development of advanced computer vision.
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Scope Of Artificial Intelligence (AI) In Chip Design Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Artificial Intelligence (AI) In Chip Design Market Overview
Market Drivers –
The increasing demand for consumer electronics is expected to propel the growth of artificial intelligence in the chip design market going forward. Consumer electronics refers to electronic devices intended for everyday use by individuals, including smartphones, televisions, laptops, cameras, and home appliances. The demand for consumer electronics is due to continuous innovation, growing reliance on digital devices for communication, work, entertainment, and education, and the proliferation of the internet and the expansion of wireless networks. Artificial intelligence-based chip design enhances the performance and efficiency of consumer electronics by optimizing hardware for artificial intelligence applications, leading to faster, more intelligent devices. For instance, in May 2023, according to the Japan Electronics and Information Technology Industries Association, a Japan-based trade association, Japan’s electronic equipment output in May 2023 amounted to 771,457 units, with consumer electronics production reaching 32,099 units, marking an increase from 25,268 units in May 2022. Therefore, the increasing adoption of artificial intelligence chips in consumer electronics has driven the growth of artificial intelligence in the chip design market.
Market Trends –
Major companies operating in the artificial intelligence (AI) in chip design market are focusing on advanced solutions such as, AI chips to compete and dominance in the AI semiconductor market. AI chips, or artificial intelligence chips, are specialized processors designed to accelerate AI-related tasks, such as machine learning, neural network processing, and deep learning. For instance, in June 2024, Advanced Micro Devices Inc., a US-based company that manufactures semiconductors, launched MI325X accelerator, an AI chip. The MI325X is designed to meet the increasing demand for sophisticated chips that support complex AI applications in data centers. This new chip is designed to significantly enhance performance in AI applications, with expectations to outperform the existing MI300 series by 35 times in inference tasks, which is crucial for generative AI applications. The new processors feature advanced architectures optimized for AI and machine learning tasks, focusing on high throughput and parallel processing capabilities.
The artificial intelligence (AI) in chip design market covered in this report is segmented –
1) By Type: Hardware, Software
2) By Technology: Central Processing Units, Graphics Processing Units, Field Programmable Gate Arrays
3) By Application: Data Centers, Automotive, Consumer Electronics, Healthcare, Industrial Automation, Other Applications
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Regional Insights –
North America was the largest region in the artificial intelligence (AI) in chip design market in 2023. The regions covered in the artificial intelligence (AI) in chip design market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the artificial intelligence (AI) in chip design market are Amazon Inc., Apple Inc., Alphabet Inc., Intel Corporation, IBM Corporation, Qualcomm Inc., NVIDIA Corporation, Advanced Micro Devices Inc. (AMD), HCL Technologies Limited, Microchip Technology Inc., Synopsys Inc., Cadence Design Systems Inc., Xilinx Inc., Arm Holdings PLC, Tessolve, SambaNova Systems Inc., Cerebras Systems Inc., Groq Inc., Mythic Inc., Rebellions Inc.< /b>
Table of Contents
1. Executive Summary
2. Artificial Intelligence (AI) In Chip Design Market Report Structure
3. Artificial Intelligence (AI) In Chip Design Market Trends And Strategies
4. Artificial Intelligence (AI) In Chip Design Market – Macro Economic Scenario
5. Artificial Intelligence (AI) In Chip Design Market Size And Growth
…..
32. Global Artificial Intelligence (AI) In Chip Design Market Competitive Benchmarking
33. Global Artificial Intelligence (AI) In Chip Design Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Artificial Intelligence (AI) In Chip Design Market
35. Artificial Intelligence (AI) In Chip Design Market Future Outlook and Potential Analysis
36. Appendix
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