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Artificial Intelligence Chipsets Market Surges to USD 112.62 Billion by 2030, Propelled by 20.8% CAGR – Verified Market Research®

Artificial Intelligence Chipsets Market Surges to USD 112.62 Billion by 2030, Propelled by 20.8% CAGR – Verified Market Research®

The Global Artificial Intelligence Chipsets Market is projected to grow at a CAGR of 20.8% from 2024 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 30 Billion in 2023 and is expected to reach USD 112.62 Billion by the end of the forecast period.

The artificial intelligence (AI) chipsets market is driven by the increasing demand for efficient, high-performance computing solutions in various applications such as autonomous vehicles, smart homes, and robotics. Enhanced processing capabilities, energy efficiency, and support for machine learning and deep learning are key drivers. However, the market faces restraints including high development costs, complex integration processes, and a shortage of skilled professionals, which can hinder growth and adoption.

Scope Of The Report

REPORT ATTRIBUTES DETAILS
STUDY PERIOD 2020-2030
BASE YEAR 2023
FORECAST PERIOD 2024-2030
HISTORICAL PERIOD 2020-2022
UNIT Value (USD Billion)
KEY COMPANIES PROFILED Intel Corporation (US), NVIDIA Corporation (US), AMD (US), Samsung Electronics Co., Ltd. (South Korea), Qualcomm Technologies, Inc (US), IBM (US), Texas Instruments Incorporated (US).
SEGMENTS COVERED By Type, By Application, By Technology, and By Geography.
CUSTOMIZATION SCOPE Free report customization (equivalent up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope

 

Artificial Intelligence Chipsets Market Overview

Demand for High-Performance Computing in Next-Generation Technologies: The Artificial Intelligence Chipsets Market is propelled by the surge in demand for high-performance computing solutions across next-generation technologies. Industries like electronics and semiconductor, as well as sensor and control systems, require advanced AI chipsets to enhance processing capabilities and efficiency, driving market growth.

Advancements in Industrial Automation: AI chipsets are crucial in advancing industrial automation. The need for precision, reliability, and efficiency in industrial processes is increasing. By integrating AI-driven chipsets and processors, companies can achieve optimized production and operations, significantly boosting the Artificial Intelligence Chipsets Market.

Integration in Autonomous Vehicles and Smart Homes: The adoption of AI chipsets in autonomous vehicles and smart homes is another key driver. These applications require sophisticated AI capabilities for real-time decision-making and control. The growing focus on intelligent and connected devices accelerates the demand for AI chipsets, fostering market expansion.

High Development Costs and Complex Integration: One of the significant restraints in the Artificial Intelligence Chipsets Market is the high development costs and complexity of integrating AI chipsets into existing systems. This can be particularly challenging in sectors like electronics and semiconductor, where precision and compatibility are crucial, potentially slowing market penetration.

Shortage of Skilled Professionals: The scarcity of skilled professionals in AI and related fields poses a restraint on market growth. The electronics and semiconductor industry, along with sensor and control sectors, face difficulties in finding talent capable of developing and implementing AI chipsets and processors, hindering widespread adoption.

Concerns over Data Privacy and Security: Data privacy and security concerns act as a major restraint in the Artificial Intelligence Chipsets Market. As AI chipsets are integrated into industrial automation and next-generation technologies, ensuring secure data handling becomes critical. This necessitates stringent measures, which can complicate implementation and limit market growth.

Geographic Dominance:

North America holds a dominant position in the Artificial Intelligence Chipsets Market, driven by robust technological advancements and substantial investments in AI research and development. The region’s strong presence of leading electronics and semiconductor companies, coupled with significant demand for next-generation technologies like industrial automation and smart devices, further solidifies its leadership. Additionally, favorable government policies and a thriving ecosystem of startups and tech giants enhance North America’s market dominance.

Artificial Intelligence Chipsets Market Key Players Shaping the Future

Major players, including Intel Corporation (US), NVIDIA Corporation (US), AMD (US), Samsung Electronics Co., Ltd. (South Korea), Qualcomm Technologies, Inc (US), IBM (US), Texas Instruments Incorporated (US). and more, play a pivotal role in shaping the future of the Artificial Intelligence Chipsets Market. Financial statements, product benchmarking, and SWOT analysis provide valuable insights into the industry’s key players.

To get market data, market insights, and a comprehensive analysis of the Global Artificial Intelligence Chipsets Market, please Contact Verified Market Research®.

Artificial Intelligence Chipsets Market Segment Analysis

Based on the research, Verified Market Research® has segmented the global Artificial Intelligence Chipsets Market into Type, Application, Technology, And Geography.

  • Artificial Intelligence Chipsets Market, by Type
    • CPU (Central Processing Unit) Chips
    • GPU (Graphics Processing Unit) Chips
    • ASIC (Application-Specific Integrated Circuit) Chips
    • FPGA (Field-Programmable Gate Array) Chips
    • NPU (Neural Processing Unit) Chips
    • TPU (Tensor Processing Unit) Chips
    • VPU (Vision Processing Unit) Chips
  • Artificial Intelligence Chipsets Market, by Application
    • Machine Learning
    • Deep Learning
    • Natural Language Processing (NLP)
    • Computer Vision
    • Robotics
    • Autonomous Vehicles
    • Healthcare
    • Finance
    • Smart Cities
    • Retail
  • Artificial Intelligence Chipsets Market, by Technology
    • Quantum Computing
    • Edge Computing
    • Cloud Computing
  • Artificial Intelligence Chipsets Market, by Geography
    • North America
      • U.S
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • ROW
      • Middle East & Africa
      • Latin America

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Visualize Artificial Intelligence Chipsets Market using Verified Market Intelligence -:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

 

About Us

Verified Market Research® stands at the forefront as a global leader in Research and Consulting, offering unparalleled analytical research solutions that empower organizations with the insights needed for critical business decisions. Celebrating 10+ years of service, VMR has been instrumental in providing founders and companies with precise, up-to-date research data.

With a team of 500+ Analysts and subject matter experts, VMR leverages internationally recognized research methodologies for data collection and analyses, covering over 15,000 high impact and niche markets. This robust team ensures data integrity and offers insights that are both informative and actionable, tailored to the strategic needs of businesses across various industries.

VMR’s domain expertise is recognized across 14 key industries, including Semiconductor & Electronics, Healthcare & Pharmaceuticals, Energy, Technology, Automobiles, Defense, Mining, Manufacturing, Retail, and Agriculture & Food. In-depth market analysis cover over 52 countries, with advanced data collection methods and sophisticated research techniques being utilized. This approach allows for actionable insights to be furnished by seasoned analysts, equipping clients with the essential knowledge necessary for critical revenue decisions across these varied and vital industries.

Verified Market Research® is also a member of ESOMAR, an organization renowned for setting the benchmark in ethical and professional standards in market research. This affiliation highlights VMR’s dedication to conducting research with integrity and reliability, ensuring that the insights offered are not only valuable but also ethically sourced and respected worldwide.

 

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Verified Market Research®

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SOURCE – Verified Market Research®

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