Artificial Intelligence Chipset Market Size To Reach USD 323.14 Billion By 2030

 


Artificial Intelligence Chipset Market Growth & Trends

The global artificial intelligence chipset market size is expected to reach USD 323.14 billion by 2030, registering a CAGR of 28.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. The artificial intelligence (AI) chipset market is anticipated to expand at a CAGR of 33.6% from 2019 to 2025. An artificial intelligence chipset is built on the concept of adding a dedicated component in an electronic device, to execute machine learning tasks. In addition, an increased amount of data has led to the need for high-speed processors and faster computing, which is addressed by incorporating artificial intelligence into the set of electronic components. For instance, Apple has implemented a neural engine in its A11 Bionic chip’s GPU to speed-up the third-party applications. With the growing implementation of AI in smartphones and other smart devices, the growth in the market has been boosted.

With the rise in artificial intelligence applications ranging from smartphones to the automobile industry, the adoption of AI-enabled chipsets has been noted considerably. In addition, the adoption of smart homes and smart cities is directly influencing the AI chipset market’s growth by providing numerous opportunities. High demand in high-speed processors due to increased data complexity is one of the major factors driving the growth of the market.  

Artificial intelligence chipset is being adopted rapidly in the consumer electronics industry owing to the rising demand for faster processors. New types of hardware/semiconductor accelerators are being introduced with the rapid evolution in artificial intelligence with machine learning and deep learning. AI has been introduced to almost every industry and majorly in consumer electronics, which has come up with numerous opportunities in the semiconductors industry. Growing demand for faster computing processors with reduced operational and maintenance costs has certainly boosted the AI chipset market growth.

Request a free sample copy or view report summary: https://www.grandviewresearch.com/industry-analysis/artificial-intelligence-chipset-market

Artificial Intelligence Chipset Market Report Highlights

  • GPU chipsets dominated the market with a revenue share of 30.9% in 2023. This is attributed to the exceptional parallel processing capabilities of GPUs, making them an ideal choice for compute-intensive AI workloads such as deep learning and neural networks.
  • The inference segment accounted for the largest share of the market in 2023. This is attributed to the growing demand for AI-powered applications in various industries, such as healthcare, finance, and automotive, which rely heavily on inference workloads to interpret and make decisions based on learned models.
  • Cloud AI computing held the largest market share in 2023. This is owing to a high demand for flexible and cost-effective AI infrastructure.
  • The consumer electronics segment accounted for the largest market share in 2023. The steadily rising adoption of smart home devices, smartphones, laptops, and tablets has created a vast market for AI chipsets that can enable features such as voice recognition, image processing, and predictive maintenance.
  • North America artificial intelligence chipset market dominated the market with a revenue share of 43.8% in 2023. The region's well-developed IT infrastructure, including data centers and cloud computing services, has supported the growth of this market.

Artificial Intelligence Chipset Market Segmentation

Grand View Research has segmented global artificial intelligence chipset market report based on chipset, workload domain, computing technology, vertical, and region:

Artificial Intelligence Chipset Chipset Outlook (Revenue, USD Million, 2018 - 2030)

  • CPU
  • GPU
  • FPGA
  • ASIC
  • Others

Artificial Intelligence Chipset Workload Domain Outlook (Revenue, USD Million, 2018 - 2030)

  • Training
  • Inference

Artificial Intelligence Chipset Computing Technology Outlook (Revenue, USD Million, 2018 - 2030)

  • Cloud AI Computing
  • Edge AI Computing

Artificial Intelligence Chipset Vertical Outlook (Revenue, USD Million, 2018 - 2030)

  • Consumer Electronics
  • Marketing
  • Healthcare
  • Manufacturing
  • Automotive
  • Retail and E-commerce
  • BFSI
  • Others

Artificial Intelligence Chipset Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
  • Asia Pacific
    • Japan
    • India
    • China
    • Australia
    • South Korea
  • Latin America
    • Brazil
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

List of Key Players of Artificial Intelligence Chipset Market

  • Advanced Micro Devices, Inc.
  • Apple Inc.
  • Baidu, Inc.
  • Google LLC
  • Graphcore
  • Huawei Technologies Co., Ltd.
  • Intel Corporation
  • NVIDIA Corporation
  • Qualcomm Technologies, Inc.
  • SK HYNIX INC.

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/artificial-intelligence-chipset-market

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