The Global Artificial Intelligence (AI) Chip market is projected to grow at a rapid pace on account of factors such as surging adoption of AI chip in robotics, emergence of autonomous robotics, and rising government investment in the development of smart homes and smart cities. Furthermore, the advent of quantum computing, escalating rate of spending on R&D by the key players, and introduction of technologically advanced chip by the companies are anticipated to provide potential growth opportunities for the market in the forecast period. Besides these, the increasing government inclination toward smart agriculture and intelligent logistics to military applications, and growing number of AI startups in both developed and developing countries are leading to lucrative opportunities for growing of AI chip market in the coming years.
According to MarkNtel Advisors’ research report titled “Global Artificial Intelligence Chip Market Analysis, 2020”, the Global Artificial Intelligence Chip market is anticipated to grow at a CAGR of around 43% during 2020-25. Based on Chip Type, Graphical Processing Unit (GPU) segment acquired the considerable market share in 2019. The growth of the segment is attributed to surging demand for GPU for machine learning tasks and to train deep neural networks for AI applications.
“Global Artificial Intelligence Chip Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and growth opportunities available for Artificial Intelligence Chip providers across the globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
Asia-Pacific to Register Fastest Growth
North America dominates the Artificial Intelligence Chip market in 2020 and the trend is expected to remain same over the forecast period owing to the factors such as bolstering technological advancement, rising investment by the market players in the R&D activities in autonomous vehicles, healthcare, cyber security, along with escalating rate of penetration of smart wearables and head-up display screens in luxury cars. The U.S. acquired the largest share in the North America market due to the surging number of AI startups, strong presence of giant market players, and introduction of innovative AI chip.
Besides these, Asia-Pacific is expected to grow at an astronomical rate in the forthcoming period. China dominates the Asia-Pacific market due to rising spending toward technological innovation in AI, increasing volume of data by numerous internet users, and surging government investment toward smart cities. Hence, this is anticipated to bolster the growth of the Artificial Intelligence Chip Market in the forthcoming period as stated in MarkNtel Advisors’ research report “Global Artificial Intelligence Chip Market Analysis, 2020”.
According to MarkNtel Advisors, the key players with a considerable market share in the Global Artificial Intelligence Chip market are Nvidia, Intel, Xilinx, Samsung Electronics, Micron Technology, Qualcomm Technologies, IBM, Google, Microsoft, Amazon Web Services (AWS), AMD, General Vision, Graphcore, Mellanox Technologies, Huawei Technologies etc.
Key questions answered in the study: