Artificial Intelligence Chipsets Market Surges to USD 112.62 Billion by 2030, Propelled by 20.8% CAGR – Verified Market Research®
The Global Artificial Intelligence Chipsets Market is projected to grow at a CAGR of 20.8% from 2024 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 30 Billion in 2023 and is expected to reach USD 112.62 Billion by the end of the forecast period.
The artificial intelligence (AI) chipsets market is driven by the increasing demand for efficient, high-performance computing solutions in various applications such as autonomous vehicles, smart homes, and robotics. Enhanced processing capabilities, energy efficiency, and support for machine learning and deep learning are key drivers. However, the market faces restraints including high development costs, complex integration processes, and a shortage of skilled professionals, which can hinder growth and adoption.
Scope Of The Report
| REPORT ATTRIBUTES | DETAILS |
| STUDY PERIOD | 2020-2030 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2030 |
| HISTORICAL PERIOD | 2020-2022 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Intel Corporation (US), NVIDIA Corporation (US), AMD (US), Samsung Electronics Co., Ltd. (South Korea), Qualcomm Technologies, Inc (US), IBM (US), Texas Instruments Incorporated (US). |
| SEGMENTS COVERED | By Type, By Application, By Technology, and By Geography. |
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope |
Artificial Intelligence Chipsets Market Overview
Demand for High-Performance Computing in Next-Generation Technologies: The Artificial Intelligence Chipsets Market is propelled by the surge in demand for high-performance computing solutions across next-generation technologies. Industries like electronics and semiconductor, as well as sensor and control systems, require advanced AI chipsets to enhance processing capabilities and efficiency, driving market growth.
Advancements in Industrial Automation: AI chipsets are crucial in advancing industrial automation. The need for precision, reliability, and efficiency in industrial processes is increasing. By integrating AI-driven chipsets and processors, companies can achieve optimized production and operations, significantly boosting the Artificial Intelligence Chipsets Market.
Integration in Autonomous Vehicles and Smart Homes: The adoption of AI chipsets in autonomous vehicles and smart homes is another key driver. These applications require sophisticated AI capabilities for real-time decision-making and control. The growing focus on intelligent and connected devices accelerates the demand for AI chipsets, fostering market expansion.
High Development Costs and Complex Integration: One of the significant restraints in the Artificial Intelligence Chipsets Market is the high development costs and complexity of integrating AI chipsets into existing systems. This can be particularly challenging in sectors like electronics and semiconductor, where precision and compatibility are crucial, potentially slowing market penetration.
Shortage of Skilled Professionals: The scarcity of skilled professionals in AI and related fields poses a restraint on market growth. The electronics and semiconductor industry, along with sensor and control sectors, face difficulties in finding talent capable of developing and implementing AI chipsets and processors, hindering widespread adoption.
Concerns over Data Privacy and Security: Data privacy and security concerns act as a major restraint in the Artificial Intelligence Chipsets Market. As AI chipsets are integrated into industrial automation and next-generation technologies, ensuring secure data handling becomes critical. This necessitates stringent measures, which can complicate implementation and limit market growth.
Geographic Dominance:
North America holds a dominant position in the Artificial Intelligence Chipsets Market, driven by robust technological advancements and substantial investments in AI research and development. The region’s strong presence of leading electronics and semiconductor companies, coupled with significant demand for next-generation technologies like industrial automation and smart devices, further solidifies its leadership. Additionally, favorable government policies and a thriving ecosystem of startups and tech giants enhance North America’s market dominance.
Artificial Intelligence Chipsets Market Key Players Shaping the Future
Major players, including Intel Corporation (US), NVIDIA Corporation (US), AMD (US), Samsung Electronics Co., Ltd. (South Korea), Qualcomm Technologies, Inc (US), IBM (US), Texas Instruments Incorporated (US). and more, play a pivotal role in shaping the future of the Artificial Intelligence Chipsets Market. Financial statements, product benchmarking, and SWOT analysis provide valuable insights into the industry’s key players.
To get market data, market insights, and a comprehensive analysis of the Global Artificial Intelligence Chipsets Market, please Contact Verified Market Research®.
Artificial Intelligence Chipsets Market Segment Analysis
Based on the research, Verified Market Research® has segmented the global Artificial Intelligence Chipsets Market into Type, Application, Technology, And Geography.
- Artificial Intelligence Chipsets Market, by Type
- CPU (Central Processing Unit) Chips
- GPU (Graphics Processing Unit) Chips
- ASIC (Application-Specific Integrated Circuit) Chips
- FPGA (Field-Programmable Gate Array) Chips
- NPU (Neural Processing Unit) Chips
- TPU (Tensor Processing Unit) Chips
- VPU (Vision Processing Unit) Chips
- Artificial Intelligence Chipsets Market, by Application
- Machine Learning
- Deep Learning
- Natural Language Processing (NLP)
- Computer Vision
- Robotics
- Autonomous Vehicles
- Healthcare
- Finance
- Smart Cities
- Retail
- Artificial Intelligence Chipsets Market, by Technology
- Quantum Computing
- Edge Computing
- Cloud Computing
- Artificial Intelligence Chipsets Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
- North America
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