According to a leading research firm Market Research Future
(MRFR), the global artificial intelligence (AI) chipset market is expected to
create a valuation of USD 38.46 BN
by 2025, registering a massive CAGR of
39.18% throughout the
forecast period (2019 to 2025). AI chipsets see greater opportunities in the
automotive sector to help automakers make significant improvements throughout
vehicle life cycles, providing new vehicle data insights and the ability to
make continuous improvements using machine learning and over-the-air
updates.
The global Artificial Intelligence (AI) Chipset Market is growing
by leaps and bounds. The market growth attributes to the rising automation and
digitization across the industries. Besides, increasing demand for AI chipsets
in various industries such as automotive, BFSI, retail, telecommunication &
IT, and healthcare & pharmaceuticals substantiate market growth. Moreover,
the growing need for digital transformations and the generation of large
amounts of big data in businesses escalate market growth.
Additionally, the increasing number of AI-enabled
applications, developments in big data analytics, and AI-based products and
services to improve consumer experience is factors expected to drive the
artificial intelligence (AI) chipset market during the forecast period.
Furthermore, rising AI enabled applications and data driven research &
analysis projects drive the growth in the AI chipset industry. Also, the
changing strategic framework impacts market growth positively.
Major Players:
Players leading the AI chipset market Qualcomm Technologies
Inc. (US), NVIDIA Corporation (US), Intel Corporation (US), Advanced Micro
Devices (US), Huawei Technologies Co. Ltd (China), Samsung Electronics Co., Ltd
(South Korea), IBM Corporation (US), and Micro Technology (US), among
others.
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Artificial Intelligence (AI) Chipset Market- Segments
By Component: Hardware {Processors (CPU,
GPU, ASIC, FPGA), Memory, Network} and Software.
By Technology: Machine Learning, Deep
Learning, Natural Language Processing, and others.
By Application: Smart Wearable, Smartphones,
Robotics, Security Systems, Automobile, Medical Imaging, and others.
By Vertical :
Automotive, Consumer Electronics, Retail, IT & Telecommunication,
Healthcare, Media & Entertainment, BFSI, and others.
By Regions :
Americas, Europe, Asia Pacific, and the Rest-of-the-World.
Global AI Chipset Market- Regional Analysis
North America leads the global artificial intelligence (AI)
chipset market. The largest market share is attributed to the presence of the
majority of key players and technology giants such as IBM Corporation, Amazon.com
Inc., and others.
Also, the increasing demand for intelligent virtual
assistants drives the growth of the regional market. Moreover, the increasing
implementation of cutting-edge technologies in the automotive and IT &
telecommunication sectors boost regional market growth. The North American AI
chipset market is forecasted to retain its dominance throughout the projected
period.
Augmenting demand from growing numbers of automation tools
from automotive, consumer electronics, retail, and media & entertainment
act as a key tailwind for the market growth. India and China are major markets
for AI technologies in the region. The APAC artificial intelligence chipset
market is expected to grow at a significant rate during the forecast period.
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TABLE OF CONTENTS:
1.
Market Introduction
2.
Research Methodology
3.
Market Dynamics
4.
Executive Summary
5.
Market Factor Analysis
6.
Artificial Intelligence (AI) Chipset Market, By Segments
7.
Competitive Analysis
Continued…
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