The Artificial Intelligence Chips Market is segmented, By Chip Type (GPU, ASIC, FPGA, CPU), Technology (Machine Learning, Predictive Analysis, Natural Language Processing, Others), End-Use (Healthcare, Manufacturing, Automotive, Retail, Cybersecurity, Others), and Region - (North America, Europe, Asia-Pacific, and Rest of the World).

What is artificial intelligence chip?

Artificial intelligence chips is known as silicon chips which integrates AI technology to minimize human errors and solve computational & mathematical problems. The artificial intelligence chips are designed to handle large and parallel systems effectively. Artificial intelligence chips address the increasing necessity for faster processing due to enabled machine learning.

Market Dynamics

  • The growth of the AI chips market is primarily driven by the rising adoption of advanced technologies across verticals including healthcare, automotive, retail, and cybersecurity.
  • Increasing growth of the end-use industries primarily healthcare and automotive is likely to drive the market growth at a significant rate during the review period.
  • Increasing demand for advanced chips in developing countries is likely to create lucrative opportunities for the players operating in the global market in the coming years.

Regional Trends

North America accounted for the largest market share in 2021 and is projected to grow at a significant CAGR during 2022-2028. The regional growth can be attributed to the high adoption rate of advanced technologies in the end-use industries coupled with the presence of key market players such as Alphabet Inc. (US) and Broadcom Inc. (US). The market in Asia-Pacific is expected to be driven by the rising adoption of artificial intelligence in the end-use industries, particularly in China and India.

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