Machine Learning Chip Market By Type (GPU, Neuromorphic chip, Flash based chip), By Application (Consumer electronics, Automotive, Healthcare, Robotics industry ), Industry Trends, Estimation & Forecast, 2016 - 2024

May 2018

 Pages: 182

 ERC 2638


Machine Learning Chip Market was valued at $4.9 billion in 2016, and is projected to reach $10.3 billion by 2024, having a CAGR of 9.8% during the forecast period of 2017 to 2024.

Machine learning chip is a multiprocessor system which is capable of learning, reasoning, and self-correction of its algorithm without any external programming. With the human-like intelligence, these chips are having brilliant features of detecting patterns of a new data and regulate the program actions accordingly. These chips provide constant development and updating of applications by the exposure of new scenarios, adaptations and testing, without any kind of change in the hardware. In the current scenario, with the technological advancements, machine learning chips are widely used the applications such as robotics, healthcare, automotive, consumer electronics, and others.

Machine Learning Chip Market Determinants

Constantly rising demand for automated electric devices, rising diverse application areas and increasing trend of artificial intelligence have brought a surge in the demand of machine learning chip in robotics, automotive, healthcare, and various other sectors. As a result, the global machine learning chip market is expected to witness an impressive growth in the near future, owing to compact size and improved robustness. However, lack of skills, high implementation cost and limited level of accuracy are the major restraining factors to the market growth. On the other hand, rapid growth in the adoption of Internet of things will act as a future growth opportunity for the machine learning chip market. According to a report, the IOT devices are expected to have a growth of 22% to 27% each year for the next few years accounting to 15.7 billion devices by 2021.

market determinants impact analysis

Machine Learning Chip Market Segment Analysis

The global machine learning chip market is segmented on the basis of type, application and geography. By type, the market is segmented into GPU, neuromorphic chip, flash based chip and field programmable gate array. By application, the market is categorized as consumer electronics, automotive, healthcare, robotics industry and others. Geographicaly, the market is bifurcates as North America, Europe, Asia-Pacific and Rest of World. Neuromorphic chip led the machine learning chip market by holding nearly 30% market share of the overall market in 2016. Geographically, North America was the leading market in 2016 and is expected to follow the same pattern throughout the forecast period of 2017-2024.


neuromorphic chip market by region

Some major market players of the machine learning chip market are Advanced Micro Devices, Inc., Google Inc., Graphcore, Intel Corporation, International Business Machines (IBM) Corporation, Nvidia Corporation, Qualcomm Technologies, Inc., Taiwan Semiconductor Manufacturing Company Ltd., Wave Computing and XILINX Inc.

Machine Learning Chip Market Segmentation

By Type
• Neuromorphic chip
• Flash-based chip

By Application
• Consumer electronics
• Automotive
• Healthcare
• Robotics industry
• Others

By Geography
North America
         • U.S
         • Mexico
         • Canada
         • UK
         • Germany
         • France
         • Rest of Europe
         • China
         • Japan
         • India
         • South Korea
         • Rest of Asia-Pacific
Rest of World
         • Latin America
         • Middle East
         • Africa

Machine Learning Chip Market Key Players

• Advanced Micro Devices, Inc.
• Google Inc.
• Graphcore
• Intel Corporation
• International Business Machines (IBM) Corporation
• Nvidia Corporation
• Qualcomm Technologies, Inc.
• Taiwan Semiconductor
• Wave Computing and XILINX Inc.
• Manufacturing Company Ltd

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    What Information does this report contain?

    • What was the market size of the Global Machine Learning Chip Market in 2016 and the expected market size by 2024, along with the growth rate?
    • An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
    • Which are the largest revenue generating products, services or regions and their comparative growth rate?
    • Which technology is in trend and how would it evolve during the forecast period (2016 - 2024)?
    • Which are the leading companies in the Global Machine Learning Chip Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?

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