Artificial intelligence (AI) chipset are silicon-based chips that are integrated with devices to support AI technologies. Increasing utilization of AI technologies is projected to boost the demand for these chipsets over the next couple of years. This report presented by Market Research Future (MRFR) suggests that the global artificial intelligence (AI) chipset market is supposed to strike 31.03% CAGR across the evaluation period 2018 to 2023. The valuation of the market is projected to reach USD 16.65 Bn by 2023.
These chipsets offer power-efficiency, which coincides with the rising demand for the technologies supporting lower power consumption in industries. This, in turn, is projected to reflect on the growth curve of the artificial intelligence (AI) chipset market positively in the near future. The growing adoption rate of industry automation is also anticipated to drive the growth of the market in the forthcoming years. Some of the industry verticals that are likely to generate massive demand for artificial intelligence (AI) chipset are – telematics, manufacturing, healthcare, etc. The technology is presumed to penetrate more industries in the foreseeable future. It assures that the artificial intelligence chipset market is set to remain lucrative across the evaluation period.
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On the basis of Component, the artificial intelligence (AI) chipset market has been segmented into hardware (processors, GPU, ASIC, FPGA, CPU, memory, and network) and software.
Based on technology, the artificial intelligence (AI) chipset market has been segmented into machine learning, natural language processing, and others (deep learning and computer vision).
By Application, the artificial intelligence (AI) chipset market has been segmented into smartphones, robotics, automobile, smart wearable, security systems, and medical imaging.
On the basis of vertical, the artificial intelligence (AI) chipset market has been segmented into consumer electronics, retail, IT & telecommunication, automotive, media & telecommunication, healthcare, medical & entertainment, and BFSI.
The regional evaluation of the global artificial intelligence (AI) chipset market included in the report spans across – Asia Pacific (APAC), North America, Europe, and the Rest of the World (RoW). A country-level assessment of the regions is also covered for an actionable insight into the market. North America is projected to account for around 40% of the market share and hold the dominant position through the forecast period. The rising investments in the establishment of 5G services network infrastructure are projected to drive the growth of the artificial intelligence (AI) chipset market in the region. In Asia Pacific, China, Taiwan, and South Korea are anticipated to lead the growth rate of the market.
NVIDIA, Intel Corporation, Xilinx, IBM Corporation, Micron Technology, Samsung Electronics, Qualcomm Technologies, Fujitsu Ltd, Advanced Micro Devices, and Huawei Technologies Co Ltd are few of the prominent players of the artificial intelligence (AI) chipset market. These players are expected to leverage advanced technologies for the development of efficient product portfolios. This, in turn, is projected to fuel competition in the artificial intelligence (AI) chipset market over the next couple of years. Few of the growth methods anticipated in the competitive landscape in the upcoming years are – agreements, partnerships, strategic alliances, mergers & acquisitions, collaborations, etc.
In November 2019, Nvidia Corp., an American technology company, has announced the launch of the world’s smallest and the most powerful AI supercomputer, Jetson Xavier NX.
In August 2019, Huawei Technologies Co., Ltd., a Chinese multinational technology company, has announced the launch of dubbed MindSpore, an all-scenario AI computing framework, and the Ascend 910, an artificial intelligence (AI) processor. The company is aiming to ship over 2 million AI chips.
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