The global artificial intelligence chip market revenue was around US$ 20.5 billion in 2023 and is estimated to reach US$ 378.6 billion by 2032, growing at a compound annual growth rate (CAGR) of 38.2% during the forecast period from 2024 to 2032.
An Artificial Intelligence (AI) chip refers to a specialized integrated circuit tailored for efficient and rapid execution of AI tasks. These chips are purposely crafted to expedite intricate algorithmic calculations, essential for different AI applications. They harness parallel processing abilities and special neural network architectures.
Factors Influencing Market Growth
- The emergence of quantum computing and the increase in the implementation of AI chips in robotics boosted the market growth.
- The emergence of autonomous robots that develop and control themselves autonomously is expected to provide lucrative opportunities for the market.
- Lack of skilled workforce is one of the major factors that restrain the market growth.
Regional Insights
LAMEA dominates the market in terms of the largest shares. This is mainly owing to the increasing inclination of companies towards research and development in the region.
Asia-Pacific is estimated to dominate the market in terms of the growth rate. China is estimated to emerge as a significant market for the artificial intelligence chip market due to a substantial increase in investment by key players and government institutions in safety solutions in the region.
Leading Competitors
The leading competitors in the global artificial intelligence chip market are:
- Qualcomm Technologies Inc.
- Advanced Micro Devices Inc.
- NVIDIA Corporation
- Intel Corporation
- SoftBank Corp.
- Alphabet Inc.
- Samsung Electronics Co Ltd
- MediaTek Inc
- Baidu
- Mythic
- NXP Semiconductors
- Others
Segmentation Analysis
The global artificial intelligence chip market segmentation focuses on Chip Type, Processing Type, Technology, Application, Industry Vertical, and Region.
Segmentation based on Chip Type
- GPU
- ASIC
- FPGA
- CPU
- Others
Segmentation based on Processing Type
- Edge
- Cloud
Segmentation based on Technology
- System On Chip
- System in Package
- Multi-Chip Module
- Others
Segmentation based on Application
- Nature Language Processing
- Robotics
- Computer Vision
- Network Security
- Others
Segmentation based on Industry Vertical
- Media and Advertising
- BFSI
- IT and Telecom
- Retail
- Healthcare
- Automotive and Transportation
- Others
Segmentation based on Region
- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa