Rise in need for smart homes & smart cities, advent of quantum computing, and surge in investments in AI startups drive the growth of the global artificial intelligence chip market.
Allied Market Research recently published a report, titled, “Artificial Intelligence Chip Market by Chip Type (GPU, ASIC, FPGA, CPU, and Others), Application (Natural Language Processing (NLP), Robotics, Computer Vision, Network Security, and Others), Technology (System-on-chip, System-in-package, Multi-chip Module, and Others), Processing Type (Edge and Cloud), and Industry Vertical (Media & Advertising, BFSI, IT & Telecom, Retail, Healthcare, Automotive & Transportation, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030″. As per the report, the global artificial intelligence chip industry was accounted for $8.02 billion in 2020, and is expected to reach $194.9 billion by 2030, growing at a CAGR of 37.4% from 2021 to 2030.
Drivers, restraints, and opportunities
Rise in need for smart homes & smart cities, advent of quantum computing, and surge in investments in AI startups drive the growth of the global artificial intelligence chip market. However, dearth of skilled workforce hinders the market growth. On the contrary, development of smart robots and rise in adoption of AI chips in the developing regions would open new opportunities for the market players in the future.
Download Sample PDF (290+ Pages PDF with Insights): https://www.alliedmarketresearch.com/request-sample/4515
Covid-19 scenario:
- The Covid-19 pandemic resulted in sudden decline in development of artificial chip across the globe, especially in China, the U.S., and across Europe. This made a negative impact on product sales.
- The prolonged lockdown across the globe disrupted the supply chain and increased the prices of raw materials.
The CPU segment held the largest share
By chip type, the CPU segment held the largest share in 2020, accounting for nearly two-fifths of the global artificial intelligence chip market, due to ability of CPU to process sequential code. However, the ASIC segment is expected to register the highest CAGR of 39.8% during the forecast period, owing to increase in investment and low cost of production, less power consumption, reduced footprint, and increased reliability of ASIC chips.
Get detailed COVID-19 impact analysis on the Artificial Intelligence Chip Market @ https://www.alliedmarketresearch.com/request-for-customization/4515?reqfor=covid
The natural language processing segment dominated the market
By application, the natural language processing segment held the lion’s share in 2020, contributing to more than one-fourth of the global artificial intelligence chip market, due to rise in demand for chatbots and online channels such as Facebook Messenger, Skype, Slack, and others that use NLP to analyze user messages and conversational logic. However, the robotics segment is estimated to manifest the highest CAGR of 41.4% from 2021 to 2030, as it increases employee satisfaction, productivity, and engagement.
North America held the largest share
By region, the market across North America dominated in 2020, holding more than one-third of the market, due to advancements in sensory technologies, increase in applications of deep learning, and need for large internet-enabled data sets. However, the global artificial intelligence chip market across Asia-Pacific is projected to portray the highest CAGR of 41.3% during the forecast period, owing to adoption of new technologies and increase in appeal for online videos and smartphones.
Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business @ https://www.alliedmarketresearch.com/purchase-enquiry/4515
Major market players
- Advanced Micro Devices
- NXP Semiconductors N.V.
- Apple
- Intel Corporation
- Analog Devices, Inc.
- NVIDIA Corporation
- Mediatek, Inc.
- Microsemi Corporation
- Qualcomm Incorporated
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter
Get more information: https://www.alliedmarketresearch.com/library-access
Related Reports:
Gate Driver IC Market Size is Projected to Reach $1.88 Billion By 2030
3D IC Market Size is Expected to Reach $51.81 Billion By 2030
Mixed Signal IC Market Size Is Projected To Reach $149.80 Billion By 2027
Flip Chip Market Size Is Projected To Reach $39.67 Billion By 2027
AR/VR Chip Market Size Is Projected To Reach $7.76 Billion By 2026
For more such updates and perspectives around Digital Innovation, IoT, Data Infrastructure, AI & Cybersecurity, go to AI-Techpark.com.
