The report published by Allied market research, titled, “Artificial Intelligence Chip Market by Chip Type (GPU, ASIC, FPGA, CPU, and Others), Application (Natural Language Processing (NLP), Robotics, Computer Vision, Network Security, and Others), Technology (System-on-chip, System-in-package, Multi-chip Module, and Others), Processing Type (Edge and Cloud), and Industry Vertical (Media & Advertising, BFSI, IT & Telecom, Retail, Healthcare, Automotive & Transportation, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030”, offers a comprehensive analysis of key growth drivers, key segments, development strategies, market opportunities, and competitive landscape. This study offers detailed insights for market players, investors, stakeholders, and new entrants to understand the industry dynamics and determine strategic steps to gain the competitive advantage.
According to a report, the global artificial intelligence chip market size is expected to reach $194.90 billion by 2030 from $8.02 billion in 2020, growing at a CAGR of 37.4% from 2021 to 2030. Asia-Pacific is expected to be the leading contributor to the global market during the forecast period, followed by North America and Europe.
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The market report covers an array of growth factors of the industry along with severe challenges and impeding factors that might deter the Artificial Intelligence Chip Market growth. This study helps new market entrants and manufacturers concoct proper plans for potential challenges and look for opportunities to build up their market stance.
KEY MARKET PLAYERS: Advanced Micro Devices, Alphabet Inc. (Google Inc.), Apple, NXP Semiconductors N.V., Analog Devices, Inc., Intel Corporation, Mediatek, Inc., NVIDIA Corporation, Qualcomm Incorporated, and Microsemi Corporation.
Understanding the competitors’ key operating strategies, business performance in the past, and product & service portfolio is important to frame better business strategies to gain the competitive advantage. This report offers the extensive analysis of key players active in the global Artificial Intelligence Chip Market. These players have adopted various strategies for expansion and development including joint ventures, mergers and acquisitions, collaborations and if required spin offs to gain a strong position in the market.
Key benefits of the report:
The report offers detailed information regarding major end-users and annual forecasts from 2021 to 2030. In addition, it presents revenue forecasts for each year along with sales and sales growth of the market. The forecasts are offered by a thorough study of the Artificial Intelligence Chip Market by proficient analysts concerning geographical assessment of the market. These forecasts are beneficial to gain deep insight on the future prospects of the industry.
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KEY SEGMENTATION:
The analysis becomes much easier and effective with proper segmentation of the market. The study offers a detailed segmentation of global Artificial Intelligence Chip Market based on the sales, revenue, growth rate, and market share of each segment. The key segments analyzed are application, end-user and region. The data tables and related graphs offered in the report makes the analysis easy to understand.
The Artificial Intelligence Chip Market report covers regions that take in North America (United States, Canada and Mexico), South America (Brazil, Argentina, and Colombia), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). The report also presents a comprehensive scenario of the market in each jurisdiction.
Key Findings Of The Study
- In 2020, the CPU segment accounted for the maximum revenue and is projected to grow at a notable CAGR of 36.3%% during the forecast period.
- The system on chip segment accounted for more than 50% of the global artificial intelligence chip market share in 2020.
- The robotics segment witnessed highest growth rate during the forecast period.
- The UK was the major revenue contributor in the Europe artificial intelligence chip market share, accounting for approximately 27% share in 2020.
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