Market Overview: Artificial Intelligence Chip Market FY2023-2028
This reports provides an essential and dependable overview of the Artificial Intelligence Chip Market, serving as a guide for stakeholders navigating the industry's future trajectory. It covers critical aspects, guiding through challenges and opportunities, shedding light on the market landscape, key insights, driving forces, major competitors, regulatory framework, potential growth, ongoing trends, supply chain dynamics, evolving policies, segments and prominent players.
Artificial Intelligence Chip Market Report Coverage Details:
- Base Year: 2022
- Historical Data: 2018-21
- Forecast Period: 2023-2028
- CAGR: 37.89% (2023-2028)
The Global Artificial Intelligence Chip Market size was valued at USD 15.23 billion in 2022 is estimated to grow at a CAGR of around 37.89% during the forecast period, i.e., 2023-28.
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Artificial Intelligence Chip Market Opportunity:
The Integration of Metaverse Technologies in the Automotive Industry to Provide New Opportunity for the Market Players– Automotive manufacturers are embracing technologies like virtual reality (VR) and augmented reality (AR) to enhance their design and manufacturing processes. These technologies allow for virtual prototyping and testing of new vehicle designs and features in realistic digital environments, which reduces the need for physical prototypes. Owing to this, automotive manufacturers such as BMW, Honda, etc., are adopting AR/VR technologies of biggest automotive Metaverse companies such as NVidia, Unity Technologies, etc., for prototyping. For instance,
- In 2022, Mercedes-Benz the company partnered with Nvidia to leverage their Omniverse platform, a VR-enabled collaborative space for 3D design, enhancing the creation of digital twins for vehicle concepts and construction.
- In 2023, BMW utilized the potential of the widely-discussed Metaverse by developing a digital representation of its upcoming electric vehicle (EV) facility in Hungary. This strategic initiative showcases the application of the Metaverse in substantial manufacturing ventures.
AI chips play a vital role in enabling realistic virtual prototypes, real-time collaboration, digital twins, and efficient manufacturing processes. Hence, the integration of VR and AR technologies in the automotive industry creates fresh opportunities for AI chip manufacturers to generate substantial revenues.
Artificial Intelligence Chip Market Segmentation Analysis – FY2023-2028
Discover a comprehensive evaluation of every segment and its subdivisions, allowing our clients to gain a deep understanding of the Artificial Intelligence Chip Market (2023-2028). We prioritize uncovering the pivotal factors that presently drive and will shape the industry's growth moving forward. Our goal is to empower our esteemed clients by optimizing their end-user positioning and revenue generation through a thorough analysis of market size, share and all the latest market scope across diverse segmentation categories.
The Artificial Intelligence Chip Market segmentation is enlisted below:
By Chip Type
- Graphical Processing Unit (GPU) - Market Size Forecast 2018-2028F, USD Million
- Central Processing Unit (CPU) - Market Size Forecast 2018-2028F, USD Million
- Application-Specific Integrated Circuit (ASIC) - Market Size Forecast 2018-2028F, USD Million
- Field-Programmable Gate Array (FPGA) - Market Size Forecast 2018-2028F, USD Million
- Others (NPUs, TPU) - Market Size Forecast 2018-2028F, USD Million
By Processing Type
- Edge - Market Size Forecast 2018-2028F, USD Million
- Cloud - Market Size Forecast 2018-2028F, USD Million
By Technology
- System-On-Chip (SOC) - Market Size Forecast 2018-2028F, USD Million
- System-In-Package (SIP) - Market Size Forecast 2018-2028F, USD Million
- Multi-Chip Module- Market Size Forecast 2018-2028F, USD Million
- Others (TSV, HBM, etc.)- Market Size Forecast 2018-2028F, USD Million
By Application
- Natural Language Processing (NLP)- Market Size Forecast 2018-2028F, USD Million
- Robotic Process Automation- Market Size Forecast 2018-2028F, USD Million
- Computer Vision- Market Size Forecast 2018-2028F, USD Million
- Network Security- Market Size Forecast 2018-2028F, USD Million
- Others (Autonomous Systems, Recommendation Systems, etc.)- Market Size Forecast 2018-2028F, USD Million
By End User
- BFSI - Market Size Forecast 2018-2028F, USD Million
- IT Telecom- Market Size Forecast 2018-2028F, USD Million
- Retail- Market Size Forecast 2018-2028F, USD Million
- Healthcare- Market Size Forecast 2018-2028F, USD Million
- Manufacturing- Market Size Forecast 2018-2028F, USD Million
- Automotive- Market Size Forecast 2018-2028F, USD Million
- Energy and Utilities - Market Size Forecast 2018-2028F, USD Million
- Others (Media Entertainment, Logistics, etc.)- Market Size Forecast 2018-2028F, USD Million
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By Region
- North America
- South America
- Europe
- The Middle East Africa
- Asia-Pacific
Artificial Intelligence Chip Market Competitive Landscape
NVIDIA Corporation, Intel Corporation, Advanced Micro Devices, Inc, Micron Technology, QUALCOMM Technologies, Inc., IBM Corporation, Google LLC, Microsoft Corporation, Amazon Web Services, Inc. , General Vision Inc., Huawei Technologies Co., Ltd., Graphcore , Baidu, Samsung, Others.
Artificial Intelligence Chip Industry News:
- In 2023, Nvidia Corporation unveiled an upgraded configuration for its advanced artificial intelligence chips, aimed at accelerating generative AI applications. This enhanced version of the Grace Hopper Superchip increases the high-bandwidth memory capacity, enabling it to support larger AI models.
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Key Report Highlights
- Market Dimensions Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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