Overview and Scope
Artificial intelligence (AI) chipsets are specialized hardware components designed to efficiently perform the computational tasks required for AI applications. They are used in various applications, including autonomous vehicles, robotics, natural language processing, computer vision, and many other AI-driven systems.
Sizing and Forecast
The artificial intelligence (ai) chipsets market size has grown exponentially in recent years. It will grow from $14.82 billion in 2023 to $20.79 billion in 2024 at a compound annual growth rate (CAGR) of 40.3%. The growth in the historic period can be attributed to rise in machine learning applications, growth in deep learning technologies, expansion of data analytics, adoption of ai in consumer electronics, increase in cloud computing.
The artificial intelligence (ai) chipsets market size is expected to see exponential growth in the next few years. It will grow to $72.71 billion in 2028 at a compound annual growth rate (CAGR) of 36.8%. The growth in the forecast period can be attributed to surge in demand for ai in autonomous vehicles, surge in ai chipsets for natural language processing, rise of ai in cybersecurity solutions, increase in ai-powered iot devices, customized ai chipsets for industry-specific applications. Major trends in the forecast period include development of new neuromorphic chipsets, advances in semiconductor manufacturing, advances in quantum computing, collaboration with ai software developers, ai chipsets for real-time video analysis, focus on energy-efficient ai chip designs.
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Segmentation & Regional Insights
The artificial intelligence (ai) chipsets market covered in this report is segmented –
1) By Hardware: Processor, Memory, Network
2) By Function: Training, Inference
3) By Technology: Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision, Predictive Analysis
4) By End-User: Healthcare, Manufacturing, Automotive, Agriculture, Retail, Cybersecurity, Human Resources, Marketing, Law, Other End-Users
North America was the largest region in the artificial intelligence (AI) chipsets market in 2023. The regions covered in the artificial intelligence (ai) chipsets market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rising demand for autonomous vehicles is expected to propel the growth of the artificial intelligence (AI) chipsets market going forward. An autonomous vehicle, also known as a driverless car, can run and execute critical activities without human involvement due to its capacity to recognize its environment. Artificial intelligence (AI) chipsets are essential for the operation of autonomous vehicles as they offer the processing capacity, machine learning capabilities, and real-time decision-making required for safe and effective self-driving experiences. For instance, in December 2022, according to the National Association of Insurance Commissioners, a US-based non-profit organization, there are expected to be 3.5 million autonomous vehicles on American roads by 2025 and 4.5 million by 2030. Therefore, the emerging trend of autonomous vehicles will drive the artificial intelligence (AI) chipset market.
Key Industry Players
Major companies operating in the artificial intelligence (ai) chipsets market report are Apple Inc., Alphabet Inc., Samsung Electronics Co. Ltd., Microsoft Corporation, Huawei Technologies Corporate Limited, Intel Corp., International Business Machines Corporation (IBM), Qualcomm Technologies, Broadcom Limited, Micron Technology Inc., Toshiba Corporation, Nvidia Corporation, Advanced Micro Devices Inc., Texas Instruments, Western Digital Corporation, MediaTek Inc., Baidu Inc., STMicroelectronics, Infineon Technologies, Renesas Electronics Corporation, NXP Semiconductors NV, Synopsys Inc., Cadence Design Systems Inc., Xilinx Inc., Arm Holdings, Graphcore Limited, Mythic Ltd., SambaNova Systems
The artificial intelligence (ai) chipsets market report table of contents includes:
1. Executive Summary
2. Artificial Intelligence (AI) Chipsets Market Characteristics
3. Artificial Intelligence (AI) Chipsets Market Trends And Strategies
4. Artificial Intelligence (AI) Chipsets Market – Macro Economic Scenario
5. Global Artificial Intelligence (AI) Chipsets Market Size and Growth
…………..
32. Global Artificial Intelligence (AI) Chipsets Market Competitive Benchmarking
33. Global Artificial Intelligence (AI) Chipsets Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Artificial Intelligence (AI) Chipsets Market
35. Artificial Intelligence (AI) Chipsets Market Future Outlook and Potential Analysis
36. Appendix
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