Artificial Intelligence (AI) Chipsets Market to Surpass the USD 262.78 Billion Mark by 2031 | SkyQuest Technology

Westford, USA, June 07, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that Global Artificial Intelligence (AI) Chipsets Market will attain a value of USD 262.78 Billion by 2031, with a CAGR of 37.1% over the forecast period (2024-2031). AI or artificial intelligence chipsets which are cloud-based are special computer chips for artificial intelligence inference and training works. The market for artificial intelligence chipsets would see opportunities as cloud technology advanced. The need for AI chipsets based on cloud is anticipated to increase significantly in the coming years. This is due to the expanding number of data centres being established globally in a variety of industries, including IT & telecom, automotive, etc. Furthermore, cloud-based AI chipsets are provided by firms like NVIDIA Corporation, Alibaba Group Holding Limited, Intel Corporation, and others.

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Browse in-depth TOC on the ” Artificial Intelligence (AI) Chipsets Market ”

  • Pages – 197
  • Tables – 132
  • Figures – 77

Artificial Intelligence (AI) Chipsets Market Overview:

Report Coverage Details
Market Revenue in 2023 $21.05 Billion
Estimated Value by 2031 $262.78 Billion
Growth Rate Poised to grow at a CAGR of 37.1%
Forecast Period 2024–2031
Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered Hardware, Computing Technology, Technology, End User, Function
Geographies Covered North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Report Highlights Trends in computing power and efficiency driving market growth
Key Market Opportunities Growing potential of AI based tools in healthcare sector
Key Market Drivers Catalysts for Growth in Autonomous Vehicles, Robotics, and Edge Computing

Edge Computing can Dominate the Market Thanks to Lower Latency and Wider Bandwidth Utilization

The worldwide AI chipsets market is being led by edge computing as it leads to less delay and use of bandwidth due to local data processing. In turn, the demand has increased, and this led to the growth of the market for such ai chipsets. So, we can say that this has resulted in faster real-time decision making as well as improved efficiency in the case of driverless vehicles or IOT devices.

Effective Management of Complicated AI Algorithms, GPU Chip Type Will Rule the Sub-Segment

Their enhanced parallel processing capabilities enable GPU chips or types to dominate the world market for AI chipsets as they can handle challenging AI algorithms and substantial datasets more effectively than other designs. As a result, AI applications run faster and perform better in areas such as gaming industry, medical field and Self-driven vehicles—thereby facilitating their massive adoption and subsequent market growth.

North America Can Maintain a Large Market Share Due to the Presence of Major AI Chipset Manufacturers

With the biggest market share, North America led the global artificial intelligence (AI) chipset market in 2020. This increase can be attributed to the fact that the region is home to several big AI chipset manufacturers such as Advanced Micro Devices (AMD), Nvidia Corporation, and Intel Corporation, which are the major investors in research and development (R&D) projects concerning artificial intelligence (AI) in America.

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Artificial Intelligence (AI) Chipsets Market Insight

Drivers:

  1. Growing Need for Edge Computing
  2. Catalysts for Growth in Autonomous Vehicles and Robotics
  3. Demand for AI in Data Centers and Cloud Computing

Restraints:

  1. High Development Costs
  2. Complexity and Technical Difficulties
  3. Limited Ecosystem Support

Prominent Players in Artificial Intelligence (AI) Chipsets Market

  • Tenstorrent Inc. (Canada)
  • Wave Computing, Inc. (US)
  • XMOS Limited (UK)
  • MediaTek Inc. (Taiwan)
  • GreenWaves Technologies (France)
  • Koniku Inc (US)
  • Kalray Corporation (France)
  • Mythic Inc. (US)
  • Fujitsu Limited (Japan)
  • SambaNova Systems Inc (US)

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Key Questions Answered in Global Artificial Intelligence (AI) Chipsets Market Report

  • What is the estimated market size for artificial intelligence (AI) chipsets globally by 2031, and what is the anticipated compound annual growth rate (CAGR) for the 2024–2031 projection period?
  • What are the main advantages of edge computing, and why is it predicted to rule the AI chipset market?
  • What are the reasons for North America’s dominant market share in the worldwide AI chipset industry?

This report provides the following insights:

  • Analysis of key drivers (Increasing need for AI chipsets in emerging technologies such as EVs, performing complex computations in real-time, reducing latency & improving efficiency and advancements in deep & machine learning), restraints (Chipsets are complex & require advanced manufacturing processes, cost of AI chipsets can be a significant barrier for startups & researchers and limited adoption of AI technology across various industries), opportunities (Introduction of AI-driven technologies such as smart cities, need for dedicated hardware acceleration and less power consumption), and challenges (New attack vectors & security flaws and needing constant investment in cybersecurity measures) influencing the growth of artificial intelligence (AI) chipsets market
  • Market Penetration: Comprehensive information on the product portfolios offered by the top players in the artificial intelligence (AI) chipsets market
  • Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the artificial intelligence (AI) chipsets market
  • Market Development: Comprehensive information on lucrative emerging regions
  • Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the market
  • Competitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players.

Related Reports:

Global Artificial Intelligence Market

Global Artificial Intelligence of Things (AIoT) Market

Global Edge Artificial Intelligence (AI) Market

Global Mobile Artificial Intelligence (AI) Market

Global Artificial Intelligence (AI) Robots Market

About Us:

SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.

We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific.

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