Overview:

The global artificial intelligence chip market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Silicon chips embedded with artificial intelligence technology to carry out basic or complex AI operations are called as artificial intelligence chips. AI chips consist of graphics processing units (GPUs), application-specific integrated circuits (ASICs), and field-programmable gate arrays (FPGAs), specialized for AI.

Market Dynamics:

Rising adoption of artificial intelligence technology by various end-user industries to improve process and reduce cost is a key factor driving growth of the global artificial intelligence chip market. In addition, growing adoption of natural language processing and deep learning technique is another factor expected to drive growth of the target market to a significant extent during the forecast period.

Moreover, rising integration of human machine interface in various products and applications is a key factor expected to create lucrative opportunities for key players in global market during the forecast period. However, lack of skilled professionals is a major factor hampering growth of the global artificial intelligence chip market to a certain extent.

Key Trends:

Growing focus on new product launches by major manufacturers to enhance their product portfolio is a key trend observed in the global market. For example, in October, 2020, Flex Logix Technologies Inc. announced availability of its X1 AI chip for the edge computing.

Regional Analysis:

For detailed understanding of market dynamics, the global artificial intelligence chip market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is accounted for highest share in terms of revenue in 2019 and is expected to maintain its dominance in the global market over the forecast period. This dominance can be attributed to early adoption of artificial intelligence technology, strong IT infrastructure, and presence of major manufacturers in the region.

Also, Asia Pacific region is expected to witness fastest growth in the target market over the forecast period, owing to rising adoption of deep learning technology coupled with increasing smart city projects in the region.

Scope of the Report:

Detailed Segmentation:

Global Artificial Intelligence Chip Market, By Computing Technology:

• Cloud AI Computing
• Edge AI Computing

Global Artificial Intelligence Chip Market, By Industry Vertical:

• Healthcare
• Manufacturing
• Automotive
• Retail & E-Commerce
• Consumer Electronics
• BFSI
• Others

Global Artificial Intelligence Chip Market, By Application:

• Machine Learning
• Natural Language Processing
• Context-aware Computing
• Computer Vision
• Predictive Analysis
• Others

Key Players Covered:

Key players operating in the global artificial intelligence chip market includes, Advanced Micro Devices, Inc., Qualcomm Technologies, Inc., Google Inc., Intel Corporation, Graphcore, Apple Inc., Mythic, Huawei Technologies Co., Ltd., Xilinx Inc., and Baidu, Inc.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Artificial Intelligence Chip Market by computing technology, industry vertical, application, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global artificial intelligence chip market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.