Global Artificial Intelligence Chipsets Market By Technology (Context-aware Computing, Computer Vision, Machine Learning, Natural Language Processing and Predictive Analysis); By End User Industry (Automotive, Agriculture, Retail, Cybersecurity, Government, Healthcare, and others); By Region - Growth, Covid-19 Impact, Trends and Forecasting Till 2030

MARKET OVERVIEW:

Global Artificial Intelligence Chipsets market size was estimated at 60.4 USD Billion by 2028 and is anticipated to grow at a CAGR of 59.7% during the projected time frame (2021-2028).

The global Artificial Intelligence Chipsets market is showing rapid growth due to factors such as increasing technological improvement, extensive adoption of IoT across industries, and rising investments in artificial intelligence & machine learning. In addition, another crucial factor is substantial volume growth in big and complex datasets is projected to fuel the market growth. Moreover, government sustenance for development of AI-based products is uplifting the demand for the market. Furthermore, the ever-increasing demand for smart devices having innovation features and latest technology is certainly to foster the market size.

On the other hand, there are factors that may pose a threat to the market growth such as lack of expert AI team. 

The outbreak of COVID - 19 pandemic has a negative impact on the global Artificial Intelligence Chipsets market. This is owed to lockdowns imposed by government in several nations which is ultimately disrupting the production and supply chains. The pandemic situation is exhibiting a delayed or partial implementation of artificial intelligence products globally. Some industries like automotive and manufacturing are severely affected whereas industries like healthcare are at a boom during the pandemic. 

TABLE 1:  GLOBAL MARKET SCOPE

Segmentation of Global Artificial Intelligence Chipsets Market:

Hardware Analysis of Market

By hardware, the market is classified into Memory, Network and Processor.

The segment dominated the overall market in terms of revenue. Because of the growing

Technology Analysis of Market

By technology, the market is classified into Context-aware Computing, Computer Vision, Machine Learning, Natural Language Processing and Predictive Analysis. Among technology, Machine Learning is likely to account for the largest contribution to the market. This mainly due to increasing investment for development of machine learning coupled with rising implementation of cloud-based services. A sub-type of machine learning i.e., deep learning is a crucial growth booster for the AI-chipset.

Function Analysis of Market

By function, the market is classified as Training and Inference. Among function, Inference is projected to register a major growth in the market during the forecast period.

End-User Industry Analysis of Market

By end-user industry, the market is classified as Automotive, Agriculture, Retail, Cybersecurity, Government, Consumer Electronics, Marketing, Law, Manufacturing, Healthcare and FinTech. Among end-user industry, Consumer Electronics is anticipated to record a lion’s share in the market. This is attributed to growing incorporation of AI in smartphones and other smart devices along with ever-increasing demand for smart devices across the globe.

However, the Healthcare segment is expected to gain traction in the approaching years. This is mainly due to high consumerization

Global Regional Analysis of Market

By region, the global market has been classified by North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Among region, North America is anticipated to hold a dominant position in the global market. The region's dominance is attributable to early implementation of novel technologies and growing investment for improvement of AI chipsets.

Whereas Asia Pacific is likely to show fastest growth rate in this market during the forecast period. This growth can be accredited to several factors, such as increasing adoption of new technologies and advent of AI motivated start-up establishments in countries like India, Japan, and China. Also, there is an increasing demand for smart phones which is promoting the growth of this region.

Market Segmentation

By Hardware:

• Memory
• Network
• Processor

By Technology:

• Context-aware Computing
• Computer Vision
• Machine Learning
• Natural Language Processing
• Predictive Analysis

By Function:

• Training
• Inference

By End-User Industry:

• Automotive
• Agriculture
• Retail
• Cybersecurity
• Government
• Consumer Electronics
• Marketing
• Law
• Manufacturing
• Healthcare
• Fintech

By Region:

• North America 
• Europe 
• Asia Pacific
• Middle East & Africa 
• South America 

Key Companies listed

The major companies listed in the global Artificial Intelligence Chipsets market are Alphabet Inc. (Google LLC), Alibaba Group Holding Limited, Amazon Web Services (AWS), Advanced Micro Devices, Inc. (AMD), General Vision, Inc., Graphcore Limited, GreenWaves Technologies, Microsoft Corporation, Kalray Corporation, Huawei Technologies Co., Ltd., MediaTek Inc., Mythic Inc., Fujitsu Limited, NVIDIA Corporation, Micron Technology, Inc., Kneron, Koniku Inc., Qualcomm Technologies, Inc., Intel Corporation, International Business Machines Corporation (IBM), Samsung Electronics Co., Ltd., SambaNova Systems Inc., Tenstorrent Inc., Wave Computing, Inc., Xilinx, Inc., and XMOS Limited.  

These companies range over North America, Europe, South America, and Asia Pacific markets, which empowers it to consider clients over the globe. The company’s leading position in the market is endorsed by its wide product portfolio.