The global artificial intelligence (AI) chip market size reached approximately USD 19.60 Billion in 2024. The market is further projected to grow at a CAGR of 28.80% between 2025 and 2034, reaching a value of USD 246.27 Billion by 2034.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
28.8%
Value in USD Billion
2025-2034
Artificial Intelligence (AI) Chip Market Outlook
*this image is indicative*
Artificial intelligence (AI) chip is an integrated circuit designed for learning workload and to run machines via programming frameworks. Artificial intelligence chips include fixed-programmable gate arrays, application-specified integrated circuits, and graphics processing units. These chips gain efficiency and speed by incorporating large numbers of smaller transistors that consume less energy and run faster.
Global Artificial Intelligence (AI) Chip Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Chip Type
Market Breakup by Technology
Market Breakup by Processing Type
Market Breakup by Application
Market Breakup by End Use
Market Breakup by Region
The BFSI sector is anticipated to account for a significant artificial intelligence (AI) chip market share over the forecast period as the deployment of advanced solutions in banking and finance applications helps accelerate productivity and reduce burden by eliminating the risk of human error. Artificial intelligence chips are an integral part of AI technology which aids the BFSI sector in preventing systemic failures, lowering operational risks, and implementing fraud prevention and detection strategies.
North America is expected to account for a significant share of the market owing to the continuous efforts of various government institutions and organisations towards the development and deployment of advanced technological solutions, including robotics and automation. The rising investments by major market players in the United States towards the development of smart artificial intelligence chip solutions are also expected to boost the market growth in the region. Moreover, the rising requirement in the IT and telecom sector is also boosting the artificial intelligence (AI) chip market demand in North America.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the artificial intelligence (AI) chip market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Intel Corporation is one of the world's largest semiconductor chip manufacturers and is known for supplying microprocessors for computer system manufacturers including Dell, HP, and Lenovo, among others. Intel also manufactures products such as graphic chips, motherboard chipsets, and embedded processors.
Alphabet Inc. is a multinational technology conglomerate holding company, headquartered in California, United States. Alphabet is the parent company of a diverse set of subsidiaries including, Calico, Google, Verily, and Wing, among others.
IBM Corporation, founded in 1911 is an IT services and IT consulting company that specialises in IT infrastructure, artificial intelligence, and technology support, among others. The company is headquartered in New York, United States.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other market players include Nvidia Corporation, Qualcomm Technologies, Inc, Graphcore Limited, Advanced Micro Devices, Inc., Micron Technology, Inc, MediaTek Inc, and SambaNova Systems, among others.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market reached a value of approximately USD 19.60 Billion in 2024.
The market is projected to grow at a CAGR of 28.80% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach USD 246.27 Billion 2034.
The major market drivers include growing demand from the BFSI and healthcare sectors and the ability of AI chips to process large volumes of data quickly.
The key trends fuelling the growth of the market include emergence of quantum computing, advancements in development of autonomous robots, and increasing popularity of smart homes and cities.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant end uses of artificial intelligence (AI) chips include automotive and transportation, BFSI, healthcare, IT and telecom, media and advertising, and retail, among others.
The key players in the market are Nvidia Corporation, Intel Corporation, Alphabet Inc., IBM Corporation, Qualcomm Technologies, Inc, Graphcore Limited, Advanced Micro Devices, Inc., Micron Technology, Inc, MediaTek Inc, and SambaNova Systems, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Chip Type |
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| Breakup by Technology |
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| Breakup by Processing Type |
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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