The artificial intelligence (chipsets) market size has grown exponentially in recent years. From a substantial $23.81 billion in 2024, it is projected to peak at $31.33 billion in 2025, recording a compound annual growth rate (CAGR) of 31.6%. This surge through the historic period can be ascribed to many factors, including early developments in machine learning algorithms, growth of big data analytics, increasing demand for computational power, advances in neural network research, and the rise in cloud computing infrastructure.
The market is expected to continue its exponential growth in the future, reaching an impressive $92.41 billion by 2029 at a CAGR of 31.0%. The growth during the forecast period will be largely driven by accelerated adoption of AI across various sectors, expansion of edge computing capabilities, growing demand for specialized AI chipsets, and increased investment in AI research and development. Key trends to watch out during this period include the evolution of AI chip architectures, integration of AI in new application domains, advancements in natural language processing, rise of explainable AI for transparency, and broad integration of AI in robotics and automation.
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What is Propelling the Growth of the Artificial Intelligence (Chipsets) Market?
The rising demand for autonomous vehicles is a primary growth driver for the artificial intelligence (chipsets) market. Autonomous vehicles require artificial intelligence chipsets to interpret sensor data, analyze the environment, make real-time decisions, and ensure safe, efficient navigation without direct human input. The National Highway Traffic Safety Administration (NHTSA), a US-based government agency, predicts approximately 3.5 million autonomous vehicles on U.S. roads by 2025, reaching 5.5 million by 2030. This booming demand for autonomous vehicles is pushing the accelerated growth of the artificial intelligence (chipsets) market.
Which Are the Major Market Segments For Artificial Intelligence (Chipsets)?
The artificial intelligence (chipsets) market report covers these segments:
1) By Hardware: Processor, Memory, Network
2) By Technology: Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision, Predictive Analysis
3) By Function: Training, Inference
4) By Computing Technology: Cloud AI Computing, Edge AI Computing
5) By Industry Vertical: Consumer Electronics, Media And Advertising, Banking, Financial Services And Insurance (BFSI), Information Technology (IT) And Telecom, Retail, Healthcare, Automotive, Other Industry Verticals
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Who Are the Major Players in the Artificial Intelligence (Chipsets) Market?
Enterprises such as Apple Inc., Alphabet Inc., Samsung Electronics Co. Ltd., Microsoft Corporation, Huawei Technologies Co. Ltd., Intel Corporation, International Business Machines Corporation, Qualcomm Technologies Inc., Micron Technology Inc., NVIDIA Corporation, AMD, MediaTek Inc., Baidu Inc., Xilinx Inc., Ampere Computing LLC, Cambricon Technologies Corporation, Horizon Robotics Inc., VeriSilicon Holdings Co., Cerebras Systems Inc., Greenwave Technology Solutions, Hailo, Graphcore Limited, SambaNova Systems Inc., Mythic Inc., Wave Computing Inc., Esperanto Technologies Inc., CogniTensor Inc., Syntiant Corporation, Tenstorrent Inc., BrainChip Holdings Ltd are spearheading innovations in the artificial intelligence (chipsets) market.
What Trends Are Emerging in the Artificial Intelligence (Chipsets) Market?
Product innovation stands out as a key emerging trend in the artificial intelligence (chipsets) market. Businesses are focusing on developing cutting-edge solutions for reliable service delivery. For example, Advanced Micro Devices, Inc., a US-based semiconductor company, announced in December 2023 the launch of AMD Instinct MI300X – an AI-based accelerator chip with a memory capacity of 192 gigabytes, delivering roughly 1.9 times the performance-per-watt than previous models.
What Can We Expect From Regional Market Growth?
While North America was the largest region in the artificial intelligence (chipsets) market in 2024, the Asia-Pacific region is expected to be the fastest-growing. The report covers Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Artificial Intelligence (Chipsets) Market Report 2025 Offer?
Artificial Intelligence (AI) chipsets are specialized hardware components designed to enhance the performance and efficiency of AI algorithms and models. They facilitate faster and more efficient execution of AI workloads. The Artificial Intelligence (Chipsets) 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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