Artificial Intelligence Chipset Market To Surge At A Robust Pace In Terms Of Revenue Over 2021-2031

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Artificial Intelligence Chipset Market: Introduction

  • AI chips (also known as AI hardware or AI accelerator) are specially designed accelerators for artificial neural network (ANN) based applications. Most commercial ANN applications are deep learning applications.
  • The hardware infrastructure of an artificial intelligence chipset consists of three parts: computing, storage, and networking.
  • The computing or processing speed of artificial intelligence chipsets have been developing rapidly in recent years, and is expected to take some more time for storage and networking performance upgrades.

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Rise in Demand for Artificial Intelligence Chipsets in Robotics and Electronics Industry

  • The global artificial intelligence chipset market is significantly driven by the rising need for artificial intelligence due to increasing volume of large and complex datasets.
  • The rising role of artificial intelligence to improve consumer services and decrease operational costs, increasing number of AI applications, the enhancing power of computing, and reducing cost of hardware are also supporting the global artificial intelligence market.
  • Artificial intelligence chipsets are used for various functions such as quantum computing, fraud detection, risk management, and applications where instant data is required. These functions are likely to drive the growth of the artificial intelligence chipset market during the forecast period.
  • Apart from this, some secondary drivers of the global artificial intelligence chipset market include rising adoption of virtual assistance devices, advanced micro devices, medical lasers, and self-driving cars

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North America to Lead the Global Artificial Intelligence Chipset Market

  • In terms of region, the global artificial intelligence chipsets market can be divided into North America, Europe, Asia Pacific, South America and Middle East & Africa.
  • North America is expected to lead the market in terms of revenue share in the global market during the forecast period. Increasing government investment in R&D and availability of IT infrastructure is likely to fuel the growth of the global artificial intelligence chipset market in North America.
  • Asia Pacific is likely to emerge as the fastest growing regional market during the forecast period. Developing economies in this region such as India and South Korea provide a strong start up ecosystem aided with growing number of skilled workforce that is projected to drive the growth of the market.
  • The market in Europe is also expected to grow at a significant rate owing to significant number of artificial intelligence providers in the region. Countries in this region are focusing on adoption of artificial intelligence technology. In addition, automation of transportation and smart city initiatives have boosted the demand for artificial intelligence chipsets in this region.
  • Furthermore, Gulf countries in Middle East & Africa are taking active initiatives to diversify their economies through artificial intelligence technology

Key Players in the Global Artificial Intelligence Chipset Market

  • IBM Corporation (US)
  • Micro Technology (US)
  • Samsung Electronics Co. Ltd.
  • Advanced Micro Devices
  • Huawei Technologies Co. Ltd
  • Intel Corporation
  • Qualcomm Technologies Inc.
  • NVIDIA Corporation

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