The global artificial intelligence chip market reached a value of US$ 9.64 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 66.4 Billion by 2027, exhibiting a CAGR of 35.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Artificial intelligence (AI) chips are specialized silicon chips that incorporate AI technology to solve complex computational and mathematical problems and minimize human errors. They are utilized to manage large and parallel systems seamlessly. Since they are faster and more efficient than CPUs for the training and inference of AI algorithms, they are extensively used for machine learning. These chips address the necessity for faster processing of big data volumes to accomplish machine learning tasks quickly. They also provide various benefits, such as usability, data privacy and security, due to which they are widely integrated with smartphones. There are four kinds of artificial intelligence: reactive machines, theory of mind, self-awareness, and limited memory. Some of the applications of AI chips include intelligent robots, voice recognition, autonomous vehicles, and smart hardware.
Artificial Intelligence Chip Market Trends:
The market is primarily driven by the ever-increasing usage of social media and e-commerce platforms, leading to massive growth in data volumes. Consequently, this has led to the rising requirement for AI chips across the globe. Numerous players in the information technology (IT) industry are focusing on developing efficient processors, which is acting as a significant growth-inducing factor for the market. The widespread applications of deep learning algorithms, coupled with the emergence of quantum computing, are also providing various growth opportunities in the market. In line with this, the rising customer inclination toward the Internet of Things (IoT) devices is creating a positive outlook for the market. Furthermore, the escalating demand for smart homes and smart cities, growing investments in AI start-ups, and the emergence of autonomous robotics are some of the other factors providing a boost to the market growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global artificial intelligence chip market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on chip type, technology, processing type, application and industry vertical.

Breakup by Chip Type:

GPU
ASIC
FPGA
CPU
Others

Breakup by Technology:
System-on-Chip (SoC)
System-In-Package (SIP)
Multi-Chip Module
Others

Breakup by Processing Type:

Edge
Cloud

Breakup by Application:

Natural Language Processing (NLP)
Robotics
Computer Vision
Network Security
Others

Breakup by Industry Vertical:

Media and Advertising
BFSI
IT and Telecom
Retail
Healthcare
Automotive and Transportation
Others

Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Advanced Micro Devices Inc., Huawei Technologies Co. Ltd., Intel Corporation, LG Electronics Inc. (LG Corporation), Mediatek Inc., Micron Technology Inc., Mythic Inc., Nvidia Corporation, NXP Semiconductors N.V., Qualcomm Technologies Inc, SK hynix Inc. and Toshiba Corporation.

Key questions answered in this report:
How has the global artificial intelligence chip market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global artificial intelligence chip market?
What are the key regional markets?
What is the breakup of the market based on the chip type?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the processing type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the industry vertical?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global artificial intelligence chip market and who are the key players?
What is the degree of competition in the industry?