What Has Been the Growth of the Artificial Intelligence (Chipsets) Market So Far?
The artificial intelligence (chipsets) market has seen considerable growth due to a variety of factors.
•In recent times, the market size of artificial intelligence (chipsets) has witnessed significant expansion. The anticipated growth is from $23.81 billion in 2024 to $31.33 billion in 2025, with a compound annual growth rate (CAGR) of 31.6%.
The impressive growth during this historic period can be traced back to early advancements in machine learning algorithms, the expansion of big data analytics, a surge in the need for computational power, advancements in research on neural networks, and the upswing in cloud computing infrastructure.
What Are the Future Growth Projections for the Artificial Intelligence (Chipsets) Market?
The artificial intelligence (chipsets) market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated to witness a significant surge in the coming years, the market size of artificial intelligence (chipsets) is projected to escalate to $92.41 billion in 2029, with a compound annual growth rate (CAGR) of 31.0%.
The expansion during the forecast period can be linked to the rapid integration of AI in diverse sectors, the enlargement of edge computing capabilities, the escalating demand for specialized AI chipsets, and the boost in investment for AI research and development. Prominent trends within the projected period encompass the transformation of AI chip architectures, the fusion of AI in recent application spheres, advancements in the realm of natural language processing, the emergence of explainable AI for increased transparency, and the integration of AI in the field of robotics and automation.
Which Factors Are Boosting Growth In The Artificial Intelligence (Chipsets) Market?
The anticipated increase in demand for self-driving cars is projected to boost the artificial intelligence (chipsets) market's growth. Autonomous vehicles, which can function and navigate on roads without the need for human input, utilize artificial intelligence chipsets. These chipsets process sensor data, examine the immediate surroundings, make decisions in real-time, and facilitate safe and effective navigation without the need for manual control. For example, the National Highway Traffic Safety Administration (NHTSA), a United States governmental agency, projected in December 2022 that around 3.5 million autonomous vehicles would be operating on U.S. roads by 2025 and expected this number to reach 5.5 million by 2030. As a result, the growing demand for autonomous vehicles is driving the growth of the artificial intelligence (chipsets) market.
What Key Areas Define The Segmentation Of The Global Artificial Intelligence (Chipsets) Market?
The artificial intelligence (chipsets) market covered in this report is segmented –
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
Subsegments:
1) By Processor: Central Processing Units (CPUs), Graphics Processing Units (GPUs), Application-Specific Integrated Circuits (ASICs), Field-Programmable Gate Arrays (FPGAs), Digital Signal Processors (DSPs)
2) By Memory: Dynamic Random Access Memory (DRAM), Static Random Access Memory (SRAM), Non-Volatile Memory (NVM), Flash Memory
3) By Network: Network Interface Cards (NICs), Network Processors, Switches And Routers
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How Are Emerging Trends Reshaping The Dynamics Of The Artificial Intelligence (Chipsets) Market?
The trend of product innovation is gaining traction in the artificial intelligence (chipsets) market. Major players in this market are focusing on creating novel solutions to ensure dependable services for their clients. For example, in December 2023, US semiconductor firm Advanced Micro Devices, Inc. unveiled the AMD Instinct MI300X. This AI-powered accelerator chip, equipped with a memory capacity of 192 gigabytes, offers nearly 1.9x enhanced performance-per-watt. It can reach a maximum theoretical memory bandwidth of 5.3 terabytes per second, exceeding the functionalities of the former premium AI chipset, the MI250X, by 1.5 times and 1.7 times.
Who Are the Key Players in the Artificial Intelligence (Chipsets) Market?
Major companies operating in the artificial intelligence (chipsets) market include:
• 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.
What Is The Most Dominant Region In The Artificial Intelligence (Chipsets) Market?
North America was the largest region in the artificial intelligence (chipsets) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence (chipsets) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
