Artificial Intelligence (AI) Chipsets Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025
Report ID: GMI4267
AI Chipsets Market size is likely to witness significant growth during the projected timespan with technological advancements in computing technologies and the rising trend of automation. The artificial intelligence replicates the intelligent behavior of machines and computers to perform certain tasks such as extracting the data, bug fixing, and providing technical information. The artificial intelligence chips provide high-performance capabilities and power efficiency, driving their adoption in multiple industry verticals, such as consumer electronics, robotics, and automotive. AI technologies provide an effective way to improve business processes by extracting insights from huge & complex data sets. For instance, using algorithms to extract valuable data to improve customer servicing experiences and minimize operation costs.
The robotics industry is rapidly growing and is expected to contribute significantly to the AI chipsets market. The robots have been widely adopted in sectors such as industrial applications, household, and general purpose. The annual sales of robots from 2013 to 2017 increased by 114% according to the International Federation of Robotics. The robots are capable of simplifying daily tasks such as scheduling meetings. Amazon Alexa, for instance, uses natural language processing to provide virtual assistance using voice commands. The intelligent robotics is also being used for managing healthcare tasks such as data entries, assessing X-rays, CT scans, and others. However, the lack of a skilled workforce to operate the devices can hamper the growth of the AI chipsets market to some extent. There is not sufficient availability of skilled people in machine learning technologies, data science, and other AI developments, creating difficulties in the proper implementation of AI technologies in organizations.
The consumer electronics industry is creating a huge demand in the AI chipsets market particularly in devices such as smartphones and tablets. The major players in the industry, such as Apple, Google, Samsung, and Microsoft, are rapidly implementing AI technologies to improve user experiences and provide highly customized services based on users’ preferences. The Face ID feature provided by Apple in iPhone X is one of the popular examples of the use of AI in smartphones. The device provides a standard facial recognition software to enable secure login for users with AI processing. Microsoft has undertaken an initiative known as AI for good, which is aimed at developing applications to address the needs of users with accessibility concerns. The ‘Seeing eye’ application from the company is developed for people with visual impairments. Google’s voice recognition, Apple Siri, and Google lens are some other developments, contributing to the growth of industry in consumer electronics.
The AI chipsets market is having rapid growth in North America owing to the faster adoption of newer technologies in computing, electronics, and other industries particularly in the U.S. The country has a presence of many leading players such as Intel Corporation, NVIDIA, Advanced Micro Devices as well as startups such as UiPath and Automation Anywhere. Moreover, an executive order was signed by President Trump in February 2019 for the American Artificial Intelligence Initiative for the government approach toward developing the country’s leadership in artificial intelligence technologies. This initiative also provides a directive for federal agencies to prioritize the AI research and developments.
Asia Pacific region is having significant growth in the AI chipsets market due to growing automation in the industrial sector. The large manufacturing sector and the need to cater to high production demand have given rise to applications such as computer vision, process automation, and others. Benefits, such as minimized operational costs, superior scalability, and faster product developments, are creating higher demand in the intelligence chipsets market in the region. China is aggressively developing AI technologies to strengthen its position in the AI industry. The Chinese government published a policy paper in July 2017, stating the country’s strategy to have a leading position in the global AI industry by 2030.
Microsoft, IBM, Huawei Technologies, Apple, Qualcomm Technologies, Advanced Micro Devices (AMD), Intel Corporation, Google, NVIDIA, Samsung Electronics, and Xilinx are among the major companies operating in the industry. The growing penetration of AI technologies in automotive, retail, BFSI, and automation technologies is making companies to increase investments and product developments in the AI chipsets market. In April 2019, Intel Corporation announced an investment of USD 13 million in Untether AI, which is a startup engaged in the development of AI chips, which performs neural network calculations at a higher speed. Untether has also introduced a prototype of the device, which is capable of transferring data between parts of AI chips 1,000 times faster than conventional AI chips.
The software and platform developments by companies are also considerably adding to the demand in the AI chipsets market. Google, for instance, introduced a new end-to-end AI platform in April 2019, which provides advanced developer tools for building custom AI models with testing, building, and deploying facilities. In January 2019, Amazon Web Services, Inc. launched an open-source Neo-AI project for developments in machine learning deployments on devices addressing the needs of device makers and processor vendors.
The natural language processing and machine learning are major technologies augmenting the AI chipsets market. Natural language processing has gained traction with the need for improving the machine-human interactions and processing the natural language data. It is being widely used in voice recognition platforms in various smart devices such as smart speakers, automotive infotainment systems, and others. The machine learning technology has made computers more capable with the ability to learn & perform statistical tasks without the need for explicit programming.
Artificial Intelligence (AI) Chipsets Market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2015 to 2025 for the following segments:
By Chip Type
- Consumer electronics
The above information has been provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
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