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AI Chipsets Market size valued at over USD 8 billion in 2019 and is estimated to grow at around 35% CAGR between 2020 and 2026. Smart devices and technologies that have AI Chipsets can possess massive potential to gather trillions of data from IoT devices and sensors, driving the market growth.
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Smart devices and technologies that have AI Chipsets can possess massive potential to gather trillions of data from IoT devices and sensors, fostering the market expansion. Several initiatives for development of smart cities will propel the demand for AI chipsets in the market.
Report Coverage | Details |
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Base Year: | 2019 |
Market Size in 2019: | Over USD 8 billion |
Forecast Period: | 2020 to 2026 |
Forecast Period 2020 to 2026 CAGR: | Over 35% |
2026 Value Projection: | Over USD 70 billion |
Historical Data for: | 2016 to 2019 |
No. of Pages: | 250 |
Tables, Charts & Figures: | 281 |
Segments covered: | Product, Technology, Processing Type, Industry Vertical |
Growth Drivers: |
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Pitfalls & Challenges: |
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The GPU segment held more than 40% of the market share in 2019 led by its features such as high performance, low latency, and low cost. Also, improved computing power and high parallel processing capability have encouraged its increased adoption in several AI applications. Enormous growth in gaming applications with rising demand for high 3D graphics has resulted in increasing integration of AI, machine learning, and other disruptive technologies.
The key players are focusing on research & development activities to provide better technically advanced products compared to their competitors. Several tech giants including AMD, Arm Inc., and Apple Inc. have built their AI Chipset designs on GPUs incorporated with the core CPU. For instance, NVIDIA is facing fierce competition in the core GPU segment in terms of smart devices, IOTs, and other cutting-edge technologies. Intel Corporation, the leading AI chipset manufacturer, acquired Nervana, which is a small AI software firm based on accelerator GPU chip.
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The NLP segment in the AI chipsets market captured 25% of revenue share in 2019 and is expected to witness 35% of growth rate through 2026. The growth is attributed to the rising implementation of speech recognition systems in various applications such as smart speakers, automotive infotainment systems, and voice-controlled remote systems. The growing integration of voice recognition systems has resulted in an increase in the development of more enhanced NLP with AI integration.
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The cloud segment accounted for 40% of revenue share in 2019 and is poised to expand at more than 30% CAGR till 2026. The industry growth is credited to the increasing use of technology in data centers and workstations. The acceptance of cloud computing has reduced operational cost and enhanced efficiency, boosting the industry expansion. The major leaders offering AI chipsets based on cloud are Google, Nvidia, Intel Corporation, and Advanced Micro Devices, Inc.
The rising data center establishment globally in various industries, such as the telecom & IT sector, is spurring the market demand for cloud-based AI chipsets. The key participants are investing in data center establishment to manage massive business data and mega file storage.
The media & advertising segment is projected to grow at a modest rate during the forecast period driven by the increased spending of consumers in social media applications such as Facebook, WhatsApp, and Twitter. Also, AI chipsets in advertising are used to detect the pattern and scale up advertising data in real time, stimulating the market value. To enhance user experience in these social media platforms, companies are focusing on integrating AI chipsets into their processors.
Asia Pacific AI chipsets market is predicted to attain a CAGR of over 40% during 2020 to 2026 due to the emerging AI startup companies in China such as Cambricon, Bitmain and Horizon Robotics, Inc. Several initiatives by the Chinese government will also impel the market progression of AI chip sets in the country.
Leading companies operating in the market are Samsung Electronics, Huawei Technologies, NVIDIA, Advanced Micro Devices, Qualcomm Technologies, Microsoft, and Intel Corporation, Google. The key players focus on continuous research & development activities to provide technically advanced products than their competitors.
Market, By Product
Market, By Technology
Market, By Processing Type
Market, By Industry Vertical
The above information has been provided for the following regions and countries: