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Artificial Intelligence (AI) Chip Market

Global Artificial Intelligence (AI) Chip Market Size, Price, Forecast: By Chip Type: GPU, ASIC, FPGA, CPU, Others; By Technology: System On Chip, System In Package, Multi Chip Module, Others; By Processing Type: EDGE, Cloud; By Application: Nature Language Processing, Others; By End Use; Regional Analysis; Competitive Landscape; 2024-2032

Global Artificial Intelligence (AI) Chip Market Outlook

The global artificial intelligence (AI) chip market size reached approximately USD 19.60 billion in 2023. The market is further projected to grow at a CAGR of 28.8% between 2024 and 2032, reaching a value of USD 191.24 billion by 2032.

 

Key Trends in the Market

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.

 

  • The rising demand for artificial intelligence enabled machines as they minimise and eliminate the risk of human errors in various industry verticals is aiding the artificial intelligence (AI) chip market growth.
  • The rising implementation of artificial intelligence chips in robotics along with the emergence of quantum computing is expected to boost the market expansion. Moreover, increased efforts towards the development of autonomous robots are also increasing the demand for artificial intelligence chips.
  • The rising demand for smart homes and increasing development of smart cities along with huge investments in AI related startups are expected to positively influence the market growth. AI chips are an integral component of smart homes and cities as they are especially designed accelerators for artificial neural network (ANN) based applications.

 

Global Artificial Intelligence (AI) Chip Market Analysis

Based on chip type, the market is divided into GPU, ASIC, FPGA, and CPU, among others. On the basis of technology, the market is classified into system on chip, system in package, and multi chip module, among others. By processing type, the market is bifurcated into EDGE and cloud. Based on application, the artificial intelligence (AI) chip market segmentation includes natural language processing, robotics, computer vision, and network security, among others.

 

On the basis of end use, the market is categorised into automotive and transportation, BFSI, healthcare, IT and telecom, media and advertising, and retail, among others. By region, the market is segregated into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

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.

 

  • Nvidia Corporation
  • Intel Corporation
  • Alphabet Inc.
  • IBM Corporation
  • Qualcomm Technologies, Inc
  • Graphcore Limited
  • Advanced Micro Devices, Inc.
  • Micron Technology, Inc
  • MediaTek Inc,
  • SambaNova Systems
  • Others

 

Market Share by End Use

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.

 

Market Share by Region

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.

 

Competitive Landscape

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.

 

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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Chip Type
  • Technology
  • Processing Type
  • Application
  • End Use
  • Region
Breakup by Chip Type
  • GPU
  • ASIC
  • FPGA
  • CPU
  • Others
Breakup by Technology
  • System On Chip
  • System In Package
  • Multi Chip Module
  • Others
Breakup by Processing Type
  • EDGE
  • Cloud
Breakup by Application
  • Nature Language Processing
  • Robotics
  • Computer Vision
  • Network Security
  • Others
Breakup by End Use
  • Automotive and Transportation
  • BFSI
  • Healthcare
  • IT and Telecom
  • Media and Advertising
  • Retail
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Nvidia Corporation
  • Intel Corporation
  • Alphabet Inc.
  • IBM Corporation
  • Qualcomm Technologies, Inc
  • Graphcore Limited
  • Advanced Micro Devices, Inc.
  • Micron Technology, Inc
  • MediaTek Inc,
  • SambaNova Systems
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description   
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Artificial Intelligence (AI) Chip Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Artificial Intelligence (AI) Chip Historical Market (2018-2023) 
    8.3    Global Artificial Intelligence (AI) Chip Market Forecast (2024-2032)
    8.4    Global Artificial Intelligence (AI) Chip Market by Chip Type
        8.4.1    GPU
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    ASIC
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032) 
        8.4.3    FPGA 
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    CPU 
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Others
    8.5    Global Artificial Intelligence (AI) Chip Market by Technology 
        8.5.1    System On Chip
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    System In Package
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Multi Chip Module 
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Others
    8.6    Global Artificial Intelligence (AI) Chip Market by Processing Type
        8.6.1    EDGE
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Cloud
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
    8.7    Global Artificial Intelligence (AI) Chip Market by Application
        8.7.1    Nature Language Processing
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Robotics
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Computer Vision
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Network Security
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Others
    8.8    Global Artificial Intelligence (AI) Chip Market by End Use
        8.8.1    Automotive and Transportation
            8.8.1.1    Historical Trend (2018-2023)
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    BFSI
            8.8.2.1    Historical Trend (2018-2023)
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Healthcare
            8.8.3.1    Historical Trend (2018-2023)
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    IT and Telecom
            8.8.4.1    Historical Trend (2018-2023)
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Media and Advertising
            8.8.5.1    Historical Trend (2018-2023)
            8.8.5.2    Forecast Trend (2024-2032)
        8.8.6    Retail
            8.8.6.1    Historical Trend (2018-2023)
            8.8.6.2    Forecast Trend (2024-2032)
        8.8.7    Others
    8.9    Global Artificial Intelligence (AI) Chip Market by Region
        8.9.1    North America
            8.9.1.1    Historical Trend (2018-2023)
            8.9.1.2    Forecast Trend (2024-2032)
        8.9.2    Europe
            8.9.2.1    Historical Trend (2018-2023)
            8.9.2.2    Forecast Trend (2024-2032)
        8.9.3    Asia Pacific
            8.9.3.1    Historical Trend (2018-2023)
            8.9.3.2    Forecast Trend (2024-2032)
        8.9.4    Latin America
            8.9.4.1    Historical Trend (2018-2023)
            8.9.4.2    Forecast Trend (2024-2032)
        8.9.5    Middle East and Africa
            8.9.5.1    Historical Trend (2018-2023)
            8.9.5.2    Forecast Trend (2024-2032)
9    North America Artificial Intelligence (AI) Chip Market Analysis
    9.1    United States of America
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Europe Artificial Intelligence (AI) Chip Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Artificial Intelligence (AI) Chip Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Artificial Intelligence (AI) Chip Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Artificial Intelligence (AI) Chip Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price  
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Nvidia Corporation
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Intel Corporation
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Alphabet Inc.
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    IBM Corporation
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Qualcomm Technologies, Inc
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Graphcore Limited
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Advanced Micro Devices, Inc.
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Micron Technology, Inc
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    MediaTek Inc,
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    SambaNova Systems
            15.2.10.1    Company Overview
            15.2.10.2    Product Portfolio
            15.2.10.3    Demographic Reach and Achievements
            15.2.10.4    Certifications
        15.2.11    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Artificial Intelligence (AI) Chip Market: Key Industry Highlights, 2018 and 2032
2.    Global Artificial Intelligence (AI) Chip Historical Market: Breakup by Chip Type (USD Billion), 2018-2023
3.    Global Artificial Intelligence (AI) Chip Market Forecast: Breakup by Chip Type (USD Billion), 2024-2032
4.    Global Artificial Intelligence (AI) Chip Historical Market: Breakup by Processing Type (USD Billion), 2018-2023
5.    Global Artificial Intelligence (AI) Chip Market Forecast: Breakup by Processing Type (USD Billion), 2024-2032
6.    Global Artificial Intelligence (AI) Chip Historical Market: Breakup by Technology (USD Billion), 2018-2023
7.    Global Artificial Intelligence (AI) Chip Market Forecast: Breakup by Technology (USD Billion), 2024-2032
8.    Global Artificial Intelligence (AI) Chip Historical Market: Breakup by Application (USD Billion), 2018-2023
9.    Global Artificial Intelligence (AI) Chip Market Forecast: Breakup by Application (USD Billion), 2024-2032
10.    Global Artificial Intelligence (AI) Chip Historical Market: Breakup by End Use (USD Billion), 2018-2023
11.    Global Artificial Intelligence (AI) Chip Market Forecast: Breakup by End Use (USD Billion), 2024-2032
12.    Global Artificial Intelligence (AI) Chip Historical Market: Breakup by Region (USD Billion), 2018-2023
13.    Global Artificial Intelligence (AI) Chip Market Forecast: Breakup by Region (USD Billion), 2024-2032
14.    North America Artificial Intelligence (AI) Chip Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    North America Artificial Intelligence (AI) Chip Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Europe Artificial Intelligence (AI) Chip Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Europe Artificial Intelligence (AI) Chip Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Asia Pacific Artificial Intelligence (AI) Chip Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Asia Pacific Artificial Intelligence (AI) Chip Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Latin America Artificial Intelligence (AI) Chip Historical Market: Breakup by Country (USD Billion), 2018-2023
21.    Latin America Artificial Intelligence (AI) Chip Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.    Middle East and Africa Artificial Intelligence (AI) Chip Historical Market: Breakup by Country (USD Billion), 2018-2023
23.    Middle East and Africa Artificial Intelligence (AI) Chip Market Forecast: Breakup by Country (USD Billion), 2024-2032
24.    Global Artificial Intelligence (AI) Chip Market Structure

Key Questions Answered in the Report

What was the artificial intelligence (AI) chip market value in 2023?

The market reached a value of approximately USD 19.60 billion in 2023.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 28.8% between 2024 and 2032.

What is the forecast outlook of the artificial intelligence (AI) chip market for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD by 191.24 billion 2032.

What are the major market drivers?

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.

What are the key artificial intelligence (AI) chip market trends?

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.

What are the major regions in the market for artificial intelligence (AI) chips, according to the EMR report?

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

What are the significant end uses of artificial intelligence (AI) chips?

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.

Who are the key market players, according to the artificial intelligence (AI) chip market report?

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.

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