WESTFORD, Mass., July 10,
2024 /PRNewswire/ -- According to SkyQuest, the
global Artificial Intelligence (AI) Chipsets Market size was
valued at USD 15.36 billion in 2022
and is poised to grow from USD 21.05
billion in 2023 to USD 262.78
billion by 2031, growing at a CAGR of 37.1% during the
forecast period (2024-2031).
The market is driven by increased data availability and the need
for more computing power. The increasing adoption of autonomous
vehicles and parallel computing in AI data centers is driving the
increase in the use of chipsets and other. AI technologies in these
industries. AI is becoming an integral part of consumer
electronics, including everything. Along with this growth in the
semiconductor industry comes new opportunities. The ability to
handle increasing amounts of data is a key factor in growing the
market size of AI chipsets. Artificial intelligence (AI) is
creeping into almost every aspect of consumer electronics. Its
usage is increasing beyond mobile phones along with the automotive
industry.
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Artificial Intelligence (AI) Chipsets Market
Overview:
Report
Coverage
|
Details
|
Market Revenue in
2023
|
USD 21.05
Billion
|
Estimated Value by
2031
|
USD 262.78
Billion
|
Growth Rate
|
Poised to grow at a
CAGR of 37.1%
|
Forecast
Period
|
2024–2031
|
Forecast
Units
|
Value (USD
Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
Hardware, Computing
Technology, Technology, End User and Function
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, Middle East & Africa, Latin America
|
Report
Highlights
|
Updated financial
information / product portfolio of players
|
Key Market
Opportunities
|
Product Innovations in
AI Chipsets Market Shaping the Future
|
Key Market
Drivers
|
Growing Demand for
Autonomous Vehicles
|
Segments covered in Artificial Intelligence (AI)
Chipsets Market are as follows:
- Hardware
- Processor (Graphic Processing Unit (GPU), Application-Specific
Integrated Circuit (ASIC), Field Programmable Array
(FPGA), Central Processing Unit (CPU), Digital Signal Processor
(DSP), Microcontroller (MCU)), Memory, Network (Interconnects and
Ethernet Adapters)
- Computing Technology
- Edge AI Computing, Cloud AI Computing
- Technology
- Machine Learning (Deep learning, Supervised Learning,
Unsupervised Learning, Reinforcement Learning, and others), Natural
Language Processing, Context-Aware Computing, Computer Vision,
Predictive Analysis
- End-User
- Consumer Electronics, Automotive and Transportation,
Manufacturing, Agriculture, Retail, Healthcare, Cybersecurity,
Human Resources, Marketing, Law, Fintech, Government,
Others
- Function
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Revolutionizing Computing: Cutting-Edge Technologies in AI
Chipsets
Cloud AI computing had the largest market share in the AI
chipset market by 2023, the year the technology was widely used in
business-based chipset training. The driving forces behind the
growth of the cloud-AI computing segment were as follows: 70% of
companies access their AI capabilities through cloud-based
software, and 65% of them access cloud services and AI
applications.
In contrast, the Edge A.I. Most artificial chipsets running at
the edge today are used for simulation, while artificial
intelligence chipsets for edge are in early development Many big
players compete in the market with AI chipsets in both cloud and
edge, and it has used examples such as Google Inc, Baidu Inc,
Graphcore Established and edge-driven for accounting for AI
chipsets.
Empowering End-Users: The Reach of AI Chipsets Across
Industries
Consumer electronics holds the largest marketplace proportion
inside the marketplace by way of 2023. The emergence of AI-powered
technologies has dramatically changed consumer electronics, formed
consumer expectations, revolutionized commercial enterprise
fashions and created new market channels. As people turn out to be
accustomed to clever gadgets of their everyday life, expectancies
and goals for convenient electronics develop schools, using power.
It also emphasizes integrated systems harnessing the power of
AI.
However, automobiles and transportation have made rapid advances
in AI and its products. Furthermore, increased disposable income is
directly related to the power of the consumer in the automotive
industry. From that perspective, the automotive industry is booming
and at the same time, it will increase the demand for AI chipsets.
In addition to using AI chipsets in the automotive industry to make
vehicles sense and react to their environment, which can improve
safety and comfort. AI chipsets are used in vehicle systems,
including advanced driver assistance systems (ADAS), autonomous
driving and entertainment drives.
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/artificial-intelligence-chipset-market
Accelerating Innovation: The Future of AI Chipsets
Market
The artificial intelligence (AI) chipsets market is evolving and
changing at a rapid pace, driven by the growing demand for powerful
and efficient computing solutions to support artificial
intelligence. As businesses around the world embrace AI
technologies, there's a huge need for specialized chipsets that are
powerful AI. handle tasks quickly and efficiently.
Advances in semiconductor technology and continuous innovation
in AI algorithms are the major drivers of the market. Companies are
developing more advanced specialized AI chipsets, such as neural
processing units (NPUs) and graphics processing units (GPUs), to
meet the increasing computing needs of AI applications.
Related Report:
AI Market
Artificial Intelligence (AI) in Computer Vision Market
Edge Artificial Intelligence (AI) Market
Mobile Artificial Intelligence (AI) Market
Artificial Intelligence (AI) Hardware Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and
Accelerator of Technology and assets. We provide access to
technologies, markets and finance across sectors viz. Life
Sciences, CleanTech, AgriTech, NanoTech and Information &
Communication Technology.
We work closely with innovators, inventors, innovation seekers,
entrepreneurs, companies and investors alike in leveraging external
sources of R&D. Moreover, we help them in optimizing the
economic potential of their intellectual assets. Our experiences
with innovation management and commercialization has expanded our
reach across North America,
Europe, ASEAN and Asia Pacific.
Contact:
Mr. Jagraj
Singh
SkyQuest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
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