Artificial Intelligence Chip Market size worth $ 109.83 Billion, Globally, by 2028 at 40.17% CAGR: Verified Market Research®

Image credit: source

JERSEY CITY, N.J., Oct. 11, 2021 /PRNewswire/ — Verified Market Research recently published a report, “Artificial Intelligence Chip Market” By End-user (Healthcare, Manufacturing, Automotive, Retail), By Technology (Machine Learning, Predictive Analysis, Natural Language Processing), and By Geography. According to Verified Market Research, the Global Artificial Intelligence Chip Market size was valued at USD 7.37 Billion in 2020 and is projected to reach USD 109.83 Billion by 2028, growing at a CAGR of 40.17% from 2021 to 2028.

Download PDF Brochure:

Browse in-depth TOC onArtificial Intelligence Chip Market

202 – Pages
126 – Tables
37 – Figures

Global Artificial Intelligence Chip Market Overview

The AI investment landscape witnessed another year of solid growth in 2019, with the US taking the lead, reaching a record US$22.7 billion. Despite many headwinds and realignment of interest and priorities that can breed uncertainty, the market did not suffer any fatigue. Enterprises are increasingly warming up to the AI value. Not only are enterprises actively adopting automation to automate repetitive processes, ensure compliance, and enhance customer experience, but also they are partnering with machine learning platforms and acquiring AI startups and talent to build data pipelines, create proprietary AI models, and manage their machine learning development and operation lifecycle.

Different key players have been innovating to develop a dedicated platform; for instance, Mythic’s platform has the advantage of processing digital/analog calculations in memory, resulting in enhanced performance, accuracy, and power life. Furthermore, the surge in need to integrate video surveillance & AI and the rise in government spending for cybersecurity solutions integrated with real-time analytics & AI are anticipated to boost the growth of the artificial intelligence chip. Hence, the increase in investments in AI startups drives the global AI Chips Market growth.

However, there are relatively higher prices of AI chips and the scarcity of skilled workforce with the knowledge of AI-based systems, especially in developing economies. These may adversely impact the global AI Chips Market growth.

Key Developments in Artificial Intelligence Chip Market

  • In August 2020, Kneron, a leading full-stack edge AI solutions provider, launched its advanced AI chipset – “Kneron KL 720 SoC”. The aim is to provide a comprehensive and cost-effective AI chipsets suite for devices worldwide.
  • In May 2020, Nvidia Corporation, a global corporation that manufactures graphics processors, mobile technologies, and desktop computers, expanded its EGX Edge AI platform by launching the new EGX Jetson Xavier NX and EGX A100. The aim is to offer secured AI processing and high-performance at the edge.
  • In September 2019, Alibaba Group Holding Limited launched an AI-based chipset – “Hanguang 800” that offers advanced computing capability on the cloud. This chip can accelerate machine learning tasks and improves the customer experience.
  • In September 2019, Apple Inc. built its A11, A12, and A13 Bionic Chips for the high-performance processors that consist of core CPUs integrated with GPUs as accelerators.

The major players in the market are NVIDIA Corporation, Qualcomm Technologies Inc, Advanced Micro Devices Inc, Alphabet Inc., Intel Corporation, Apple Inc., Mythic Ltd., Baidu, Samsung Electronics Co. Ltd., and MediaTek Inc.

Verified Market Research has segmented the Global Artificial Intelligence Chip Market On the basis of End-user, Technology, and Geography.

  • Artificial Intelligence Chip Market, By End-user
    • Healthcare
    • Manufacturing
    • Automotive
    • Retail
    • Cybersecurity
    • Others
  • Artificial Intelligence Chip Market, By Technology
    • Machine Learning
    • Predictive Analysis
    • Natural Language Processing
    • Others
  • Artificial Intelligence Chip Market by Geography
    • North America
    • Europe
      • Germany
      • France
      • U.K
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • ROW
      • Middle East & Africa
      • Latin America

Browse Related Reports:

Automotive Artificial Intelligence Market By Technology (Computer Vision, Context Awareness, Deep Learning), By Process (Data Mining, Image Recognition, Signal Recognition), By Application (Semi-autonomous Driving, Human Machine Interface, Autonomous Driving), By Geography, Forecast, 2020-2027

Artificial Intelligence (AI) In Diagnostics Market By Component (Hardware, Software, Services), By Technology (Machine Learning, NLP, Context-Aware Computing, Computer Vision), By Diagnosis Type (Radiology, Oncology, Neurology & Cardiology, Chest & Lungs, Pathology), By Geography, Forecast, 2020-2027

Artificial Intelligence (AI) Hardware Market By Type (Processors, Memory, Network), By Geography, Forecast, 2020-2027

Artificial Intelligence (AI) In Fintech Market By Offering (Services and Solutions), By Application (Credit Scoring, Fraud Detection, Chatbots, Quantitative and Asset Management, and other application), By Deployment (Cloud and On-Premise), By Geography, Forecast, 2020-2027

Top 10 automotive artificial intelligence companies gearing towards driverless mobility solutions

Visualize Artificial Intelligence Chip Market using Verified Market Intelligence:-:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SME’s offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us

Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: 1 (800)-782-1768
Email: [email protected]
Follow Us: LinkedIn | Twitter

SOURCE Verified Market Research

(Excerpt) Read more Here | 2021-10-11 20:15:00

Leave a Reply

Your email address will not be published. Required fields are marked *

The reCAPTCHA verification period has expired. Please reload the page.