The generative artificial intelligence (AI) chipset market size has experienced exponential growth in recent years, expected to expand from $25.19 billion in 2023 to $32.30 billion in 2024 at a CAGR of 27.8%. This growth in the historical period can be attributed to the increasing demand for computational power, the rise of deep learning, escalating investments in AI research, growing demand for real-time AI processing, and increasing consumer interest in AI-powered devices. In the upcoming years, the generative AI chipset market is projected to reach $86.24 billion in 2028 at a CAGR of 27.9%. The forecasted growth will be driven by the explosion of big data, advancements in GPU technology, growth in cloud computing, support for mixed precision computing, and government initiatives and funding. Major trends shaping this period include the integration of edge computing, collaboration with FPGA and ASIC technologies, advanced cooling solutions, enhanced cross-platform compatibility, and innovative interconnect technologies.
Global Generative Artificial Intelligence (AI) Chipset Market Key Driver
The growing adoption of cloud-based solutions is expected to significantly contribute to the expansion of the generative artificial intelligence (AI) chipset market. Cloud-based solutions involve services and resources delivered over the internet rather than being hosted on local servers or physical hardware. This adoption is primarily due to the scalability, cost efficiency, and flexible access to data and applications from any location, enhancing operational agility and reducing infrastructure costs for businesses. Generative AI chipsets improve cloud-based solutions by accelerating the processing of intricate AI models, enhancing data handling efficiency, and enabling real-time, high-performance computations, thereby facilitating more advanced and responsive cloud services and applications. According to Eurostat, in 2023, 42.5% of EU enterprises utilized cloud computing services, marking a 4.2 percentage point increase from 2021. Thus, the rising adoption of cloud-based solutions is propelling the growth of the generative AI chipset market.
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Global Generative Artificial Intelligence (AI) Chipset Market Segments
The generative artificial intelligence (AI) chipset market covered in this report is segmented –
1) By Type: Central Processing Unit (CPU), Graphics Processing Unit (GPU), Field-Programmable Gate Array (FPGA), Application-Specific Integrated Circuit (ASIC), Other Types
2) By Application: Information Cognition, Traffic Prediction And Classification, Resource Management And Network Adoption, Performance Prediction And Configuration Extrapolation
3) By End-Use: Automotive, Banking, Financial Services, And Insurance (BFSI), Consumer Electronics, Healthcare, Manufacturing, Retail, Telecommunication, Other End Users
By Geography:The regions covered in the generative artificial intelligence (AI) chipset market report areAustralia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the generative artificial intelligence (AI) chipset market in 2023.
Major Generative Artificial Intelligence (AI) Chipset Industry Players
Samsung Electronics Co Ltd., Microsoft Corporation, Huawei Technologies Co. Ltd., Amazon Web Services Inc., LG Electronics Inc., Intel Corporation, Cisco Systems Inc., Qualcomm Technologies Inc., Broadcom Inc., Micron Technology Inc., NVIDIA Corporation, Advanced Micro Devices Inc., MediaTek Inc., Synopsys Inc., Arm Holdings plc, Lattice Semiconductor Corporation., Rambus Inc., Cerebras Systems Inc., Hailo Technologies Ltd., SiMa.ai Inc
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Generative Artificial Intelligence (AI) Chipset Market Overview
A generative artificial intelligence (AI) chipset is specialized hardware designed to enhance the performance of AI models that generate content, such as text, images, or audio. These chipsets are optimized for the high computational demands of generative AI tasks, providing efficient processing power and faster data handling. They are crucial for accelerating complex AI algorithms and improving the overall effectiveness of AI applications.
Generative Artificial Intelligence (AI) Chipset Global Market Report 2023 provides data on the global generative artificial intelligence (ai) chipset market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The generative artificial intelligence (ai) chipset market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
