Dublin, Dec. 07, 2020 (GLOBE NEWSWIRE) — The “Artificial Intelligence Chip Market by Chip Type, by Application, by Architecture, by Processing Type, by End User – Global Opportunity Analysis and Industry Forecast, 2020-2030” report has been added to ResearchAndMarkets.com’s offering.
The Global Artificial Intelligence (AI) Chip Market was valued at USD 9.29 billion in 2019, and is estimated to garner USD 253.30 billion by 2030, at a CAGR of 35.0% during the forecast period between 2020 and 2030.
AI chips are manufactured from silicon and is programmed for machine learning. These chips are multifunctioning and can process vast amount of data, identify underlying patterns, interpret trends, and utilize the feed to achieve specific goals. They are capable of managing multiple operations at the same time.
The demand for AI chip is rising due to the increasing adoption of AI in every industry for activates such as voice recognition, object detection, medical or military simulation, intelligent routing, and autonomous driving. Adoption of AI reduces the cost of operations, increases the efficiency or the response time, and minimizes the risk to human life in various industry verticals.
Market Dynamics and Trends
With the growing technological advancements, the market is rapidly switching towards the smart devices, smart homes, and smart cities, where AI Chips are widely used. This has resulted in tremendous elevation of the demand for Artificial Intelligence (AI) Chip market. Moreover, increased investments in AI start-ups and the emergence of quantum computers are expected to boost the market growth. Also, rise in application of AI technology and robotics is expected to further propel the market growth.
However, high development costs and lack of skilled work-forces impede the artificial intelligence (AI) chip market. On the otherhand, surge in R&D, increase in the use of autonomous robotic in various industry verticals, and launch of high-tech products are creating opportunities for the AI chip market.
Market Segmentations and Scope of the Study:
The global artificial intelligence (AI) chip market is segmented on the basis of chip type, application, architecture, processing type, end user, and geography. In terms chip type, the market is fragmented into GPU, FPGA, ASIC, CPU, and others. On the basis of application, the market is segmented into natural language processing (NLP), robotic, computer vision, network security, and others.
Based on architecture, the market is classified as system-on-chip (soc), system-in-package (sip), multi-chip module, and others. In terms of processing type, the market is bifurcated into edge and cloud. Based on end-user industry vertical, the market is categorized as media & advertising, BFSI, IT & telecom, retail, healthcare, automotive, and others.
North America represents for a major share of the artificial intelligence (AI) chip market due to high adoption of AI chip technology, increase in use of smart devices, and wide application of AI chips in various industries.
The market in Asia-Pacific is projected to expand owing to the high adoption of AI technology and rise in investments in AI start-ups.
Key players in the global artificial intelligence (AI) chip market are Advanced Micro Devices (AMD), Google, Inc., Intel Corporation, NVIDIA, Baidu, Graphcore, Qualcomm, Adapteva, UC-Davis, and Mythic.
In September 2019, ZTE and Cambrian, jointly demonstrated the integration of edge computing and AI in the 5G era by incorporating ZTE’s edge computing server ES600S, video acceleration card, with Cambrian Siyuan 100 intelligent processing card, helps realize the edge video data collection and provides AI analysis.
KEY MARKET SEGMENTS:
Global Artificial Intelligence (AI) Chip Market – By Chip Type
Global Artificial Intelligence (AI) Chip Market – By Application
- Natural Language Processing (NLP)
- Computer Vision
- Network Security
Global Artificial Intelligence (AI) Chip Market – By Architecture
- System-on-Chip (SoC)
- System-in-Package (SIP)
- Multi-chip Module
Global Artificial Intelligence (AI) Chip Market – By Processing Type
- Global Artificial Intelligence (AI) Chip Market – By Industry Vertical
- Media & Advertising
- IT & Telecom
- Automotive & Transportation
Global Artificial Intelligence (AI) Chip Market – By Geography
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Saudi Arabia
- South Africa
- Remaining Countries
- Advanced Micro Devices, Inc.
- Alphabet Inc. (Google)
- Amazon Web Services
- Huawei Technologies Co., Ltd.
- IBM Corporation
- Intel Corporation
- Micron Technology
- NVIDIA Corporation
- Qualcomm Incorporated
- Samsung Electronics
For more information about this report visit https://www.researchandmarkets.com/r/hekkwn
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