Acumen Research and Consulting estimates that global artificial intelligence chip market is expected to reach the market value of around US$ 93 Bn by 2027 and is anticipated to grow at a CAGR of around 44% in terms of revenue during the forecast period 2020 – 2027.

Artificial intelligence is a fast evolving technology and business leaders invest in technologies in order to achieve a larger market share in a dynamic market setting. Software and high-end hardware capabilities are necessary for the AI systems to support calculation. Market players then collaborate to create custom chips that help the creation of AI’s. Market leaders are therefore designing custom chips to support AI development.

The report provides analysis of global artificial intelligence chip market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.

Market Insights

Growing need for an effective method for addressing complex mathematical and algorithmic issues is a crucial driver of development in the worldwide artificial intelligence chip industry. However, the rising need for artificial intelligence chips in automation robotics also leads to the growth of the global industry. The aspect that helps the rise of the consumer market is artificial intelligence should be used for activities that are life-saving.

In addition, the increasing use of IT artificial intelligence chips is also a driver that drives global business development. One can do various things in very little time so they can be found in cloud computing. In fact, increasing quantum computation and rising innovation in artificial intelligence are several factors that the global artificial intelligence chip market is projected to expand in the near future.

Nonetheless, the lack of qualified staff is projected to impede the worldwide development of artificial intelligence chips. In fact, data protection issues will also affect business development in the near term. Increases smart towns and smart homes in different countries will also provide players in the consumer market with a strong sales growth potential. 

Regional Stance

North America region is anticipated to dominate the market led by the US owing to the growing number of US based tech companies on the AI chip market. Factors such as greater buying power, continued improvements in technology and expanded emphasis on inhouse development of AI applications drives the regional growth. For example, under the National AI R&D Strategic Plan, the Federal Government has increased investments in simple AI R&D. In order to improve access to high quality data and internet infrastructure, this program has been implemented.

Report coverage

The market research study on “Artificial Intelligence Chip Market (Artificial Intelligence Chip Market By Chip Type: CPU, ASIC, GPU, FPGA, Others; Artificial Intelligence Chip Market By Technology: Robotic, Natural Language Processing (NLP), Network Security, Computer Vision, Others; Artificial Intelligence Chip Market By Application: Multi-chip Module, System-in-Package (SIP), System-on-Chip (SoC), Others; Artificial Intelligence Chip Market By End Use: BFSI, Automotive, Healthcare, Retail & E-Commerce, Manufacturing, Marketing, Consumer Electronics, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global Artificial Intelligence Chip market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report covers global Artificial Intelligence Chip market size, and segment markets by type, application, and geography along with the information on companies operating in the market. The Artificial Intelligence Chip market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.  

The global artificial intelligence chip market is segmented as below:

Market Segmentation

Artificial Intelligence Chip Market By Chip Type

CPU

ASIC

GPU

FPGA

Others

Artificial Intelligence Chip Market By Technology

Robotic

Natural Language Processing (NLP)

Network Security

Computer Vision

Others

Artificial Intelligence Chip Market By Application

Multi-chip Module

System-in-Package (SIP)

System-on-Chip (SoC)

Others

Artificial Intelligence Chip Market By End Use

BFSI

Automotive

Healthcare

Retail & E-Commerce

Manufacturing

Marketing

Consumer Electronics

Others

Artificial Intelligence Chip Market By Geography

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Mexico
• Brazil
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of MEA

Key Players and Market Situation

Participants include major global players such Alphabet Inc. (Google), Advanced Micro Devices, Inc., Huawei Technologies Co., Ltd., IBM Corporation, Micron Technology, Inc., Intel Corporation, and Others. 

TABLE OF CONTENT