Artificial Intelligence Chip Market Overview and Insights:
According to MarkNtel Advisors Report, the Global Artificial Intelligence Chip Market size was valued at USD 15.23 billion in 2022 & is estimated to grow at a CAGR of around 37.89% during the forecast period, i.e., 2023-28.
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Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2018-21
- Base Year: 2022
- Forecast Period: 2023-2028
What are the major challenges facing the Artificial Intelligence Chip Market?
Unpredictability of Semi-Conductor Supply Chain to Limit the Market Growth Rate – The semiconductor supply chain is highly complex, involving multiple tiers of suppliers, manufacturers, and distributors across the globe. Additionally, ongoing geopolitical tensions and trade disputes between countries are leading to export restrictions, tariffs, and trade barriers, that is disrupting the flow of critical components. Moreover, the semiconductor manufacturing process involves long lead times, often spanning several months or even years.
Thus, companies facing supply chain disruptions may find themselves at a competitive disadvantage, as delays in product releases or increased manufacturing costs can impact their ability to meet market demand and compete effectively. Hence, the intricacies and vulnerabilities of the semiconductor supply chain, exacerbated by geopolitical tensions and long lead times, are significant obstacles to the growth of the Global Artificial Intelligence Chip Market.
Who are the Key Players Operating in the Artificial Intelligence Chip Industry?
The top companies of the Artificial Intelligence Chip market ruling the industry are:
- NVIDIA Corporation
- Intel Corporation
- Advanced Micro Devices, Inc.
- Micron Technology
- QualcommTechnologies , Inc.
- IBM Corporation
- Google LLC
- Microsoft Corporation
- Amazon Web Services, Inc.
- General Vision Inc.
- Huawei Technologies Co., Ltd.
- Graphcore
- Baidu, Inc
- Samsung
- Others
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What is Included in Artificial Intelligence Chip Market Segmentation?
The report has segmented the market into the following categories:
By Chip Type
- Graphical Processing Unit (GPU) - Market Size & Forecast 2018-2028F, USD Million
- Central Processing Unit (CPU) - Market Size & Forecast 2018-2028F, USD Million
- Application-Specific Integrated Circuit (ASIC) - Market Size & Forecast 2018-2028F, USD Million
- Field-Programmable Gate Array (FPGA) - Market Size & Forecast 2018-2028F, USD Million
- Others (NPUs, TPU) - Market Size & Forecast 2018-2028F, USD Million
By Processing Type
- Edge - Market Size & Forecast 2018-2028F, USD Million
- Cloud - Market Size & Forecast 2018-2028F, USD Million
By Technology
- System-On-Chip (SOC) - Market Size & Forecast 2018-2028F, USD Million
- System-In-Package (SIP) - Market Size & Forecast 2018-2028F, USD Million
- Multi-Chip Module- Market Size & Forecast 2018-2028F, USD Million
- Others (TSV, HBM, etc.)- Market Size & Forecast 2018-2028F, USD Million
By Application
- Natural Language Processing (NLP)- Market Size & Forecast 2018-2028F, USD Million
- Robotic Process Automation- Market Size & Forecast 2018-2028F, USD Million
- Computer Vision- Market Size & Forecast 2018-2028F, USD Million
- Network Security- Market Size & Forecast 2018-2028F, USD Million
- Others (Autonomous Systems, Recommendation Systems, etc.)- Market Size & Forecast 2018-2028F, USD Million
Of them, all the application that has garnered a substantial demand is Natural Language Processing (NLP) as it serves as the backbone for a multitude of transformative technologies and services across various industries. The surge in AI-driven chatbots and virtual assistants, has enhanced the need for specialized AI chips in NLP. Moreover, NLP is instrumental in language-based tasks such as translation, sentiment analysis, speech recognition, and text generation, spanning sectors from e-commerce to healthcare. As the healthcare sector increasingly relies on NLP for tasks like medical record analysis, etc.
By End User
- BFSI - Market Size & Forecast 2018-2028F, USD Million
- IT & Telecom- Market Size & Forecast 2018-2028F, USD Million
- Retail- Market Size & Forecast 2018-2028F, USD Million
- Healthcare- Market Size & Forecast 2018-2028F, USD Million
- Manufacturing- Market Size & Forecast 2018-2028F, USD Million
- Automotive- Market Size & Forecast 2018-2028F, USD Million
- Energy and Utilities - Market Size & Forecast 2018-2028F, USD Million
- Others (Media & Entertainment, Logistics, etc.)- Market Size & Forecast 2018-2028F, USD Million
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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Frequently Asked Questions (FAQs)-
- What are the industry's overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- How has the Artificial Intelligence Chip industry been evolving in terms of geography & adoption?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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