Artificial Intelligence Chipset Market To Exhibit 33.6% CAGR By 2025, To Be
Driven By The Rising Number of Smart Homes & Smart Cities Projects Globally |
FELTON, Calif., Oct. 7, 2020
FELTON, Calif., Oct. 7, 2020 /PRNewswire/ -- The global artificial
intelligence chipset market is projected to account for USD 59.2 billion by
2025, according to a new report by Million Insights, and expected to grow with
33.6% CAGR over the forecast period, from 2019 to 2025. Artificial
intelligence chip is a dedicated component used in electronic and smart
devices to run machine learning applications. Additionally, growing a large
amount of data has increased the need for high speed processors and fast
computing. For example, Apple has incorporated a neural engine in A11 Bionic
chip's GPU in order to run third-party applications fast. Rising adoption of
AI technology in smart devices is expected to boost market growth over the
Owing to the growing application of AI technology from smartphones to
automotive industry, the adoption of AI chipsets is increasing extensively. In
addition, growing number of smart homes and smart cities projects across the
globe is widely providing growth opportunities to the AI chipsets market. The
demand for high-speed processors is increasing due to a rise in data
complexity, thereby, expected to drive the artificial intelligence (AI)
chipset market growth over the forecast period.
Please click here to get the sample pdf and find more details on "Artificial
Intelligence Chipset Market" Report 2025.
The rapid adoption of AI chipset in the consumer electronics industry due to
the growing demand for high-speed processors. Different types of
semiconductors/hardware are being launched by using deep learning and machine
learning in artificial intelligence technology. AI-enabled devices are widely
used across various industries, especially in consumer electronics which is
expected to provide new opportunities in the semiconductor industry. Adoption
of AI technology for high-speed processors helps to reduce operational as well
as maintenance costs across various industries which are expected to drive the
market growth in the next few years.
Further key findings from the report suggest:
* Development of smart city projects and increasing number of smart homes is
projected to drive the demand for artificial intelligence chipsets market.
* Integration of AI technology using deep learning and machine learning is
expected to open new avenues for market growth. Key market players
including IBM Corporation are engaged in developing new features in
artificial intelligence capabilities like storytelling and natural
language dialogue in AI chipset tools.
* Market players are concentrating on offering advanced electronic
components, which provides high-tech features such as visual intelligence
for better recognition and differentiation of objects, locations, and
* Prominent players are adopting partnerships and acquisitions strategies
with emerging players for expanding their product offering with advanced
* The major key players include in this market are Adapteva, Inc.; Qualcomm
Technologies, Inc.; Graphcore; Google Inc.; Intel Corporation; Advanced
Micro Devices, Inc.; Xilinx Inc. and Huawei Technologies Co., Ltd.
Browse 100 page research report with TOC on "Global Artificial Intelligence
Chipset Market" at:
Million Insights has segmented the global artificial intelligence chipset
market on the basis of chipset type, workload domain, computing technology,
vertical, and region:
* AI Chipset Type Outlook (Revenue, USD Billion, 2014 - 2025)
* AI Chipset Workload Domain Outlook (Revenue, USD Billion, 2014 - 2025)
* AI Chipset Computing Technology Outlook (Revenue, USD Billion, 2014 -
* Cloud AI Computing
* Edge AI Computing
* AI Chipset Vertical Outlook (Revenue, USD Billion, 2014 - 2025)
* Retail & E-Commerce
* Consumer Electronics
* AI Chipset Regional Outlook (Revenue, USD Billion, 2014 - 2025)
* North America
* Asia Pacific
* South America
* Middle East & Africa
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