Global AI chip industry is driven by the development of smart cities, rise in demand for smart homes, and emergence of quantum computing.
Portland, Oregon – Allied Market Research (AMR), a research firm based in Portland, has published a report titled, Artificial Intelligence Chip Market – Global Opportunity Analysis and Industry Forecast, 2018–2025. As per the report, the global artificial intelligence (AI) chip market garnered a revenue of $4.5 billion in 2017, and is expected to reach $91.1 billion by 2025, registering a CAGR of 45.4% from 2018 to 2025.
The report offers an extensive analysis of drivers & opportunities, top-winning strategies, key segments, and major market players to help market players, investors, stakeholders, and new entrants gain insights on current market conditions and estimate the future scenario. The increase in investments in startups of AI, growth in demand for smart homes, and the emergence of quantum computing are factors responsible for driving growth in the industry. In addition, adoption of AI chips in developing countries and development smart robotics create new opportunities in the industry.
The report segments the global AI chip market based on chip type, industry vertical, application, technology, and geography. Chip types analyzed in the report include Graphical Processing Unit (GPU), Field-Programmable Gate Array (FPGA), Application-Specific Integrated Circuit (ASIC), Central Processing Unit (CPU), and others. The GPU segment generated the highest revenue in 2017 and is expected to maintain its position throughout the forecast period. The applications analyzed in the research include machine learning, robotic process automation, natural language processing (NLP), speech recognition, and others. The machine learning application contributed the highest revenue in 2017.
The industry verticals discussed in the research are media & advertising, IT & telecom, BFSI, healthcare, retail, automotive & transportation, and others. The BFSI segment dominated in 2017 and would maintain its position throughout the forecast period. Technologies analyzed in the research are system-on-chip, multi-chip module, system-in-package, and others. The system-on-chip segment is expected to dominate the market during the forecast period.
Geographical regions analyzed in the research are North America, Europe, Asia-Pacific, and Latin America, the Middle East and Africa (LAMEA). North America region has been dominating the industry currently. However, the Asia-Pacific region would dominate the industry by 2025.
The current business scenario has been witnessing an increase in the demand for an artificial intelligence chip, particularly in the developing regions, such as China, India, and others. Companies in this industry have been adopting various innovative techniques to provide customers with advanced and innovative product offerings,” said Akshay Jadhav, Lead Analyst, Semiconductor & Electronics at AMR.
The major market players analyzed in the report include AMD (Advanced Micro Devices), Intel Corporation, Google, Inc., Baidu, NVIDIA, Qualcomm, Graphcore, UC-Davis, Adapteva, Mythic, and others. In addition, the report provides insights on strategies adopted including partnerships, new product launches, mergers & acquisitions, collaborations, joint ventures, and others to gain a stronghold of the industry.
Find the full report at https://www.alliedmarketresearch.com/artificial-intelligence-chip-market
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