The global Artificial Intelligence (AI) Chipset is growing by leaps and bounds. The market growth attributes to the rising automation and digitization across the industries. Besides, increasing demand for AI chipsets in various industries such as automotive, BFSI, retail, telecommunication & IT, and healthcare & pharmaceuticals substantiate market growth. Moreover, the growing need for digital transformations and the generation of large amounts of big data in businesses escalate market growth.
According to a leading research firm Market Research Future
(MRFR), the global Artificial
Intelligence (AI) Chipset Market is expected to create a valuation
of USD 38.46 BN by 2025, registering a massive CAGR of 39.18% throughout
the forecast period (2019 to 2025). AI chipsets see greater opportunities in
the automotive sector to help automakers make significant improvements
throughout vehicle life cycles, providing new vehicle data insights and the
ability to make continuous improvements using machine learning and over-the-air
updates.
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Artificial Intelligence (AI) Chipset Market
- Competitive Analysis
Highly competitive, the AI chipset market appears fragmented
due to the presence of several well-established players. Mergers &
acquisitions, innovation, and expansion remain prevailing key trends for the
leading players as these strategic moves support their growth and expansion plans.
They deliver reliable, leading-edge products and services. For which they
invest substantially in R&D to develop adept technologies and product
portfolio.
Major Players:
Players leading the AI chipset market Qualcomm Technologies
Inc. (US), NVIDIA Corporation (US), Intel Corporation (US), Advanced Micro
Devices (US), Huawei Technologies Co. Ltd (China), Samsung Electronics Co., Ltd
(South Korea), IBM Corporation (US), and Micro Technology (US), among
others.
Additionally, the increasing number of AI-enabled
applications, developments in big data analytics, and AI-based products and
services to improve consumer experience is factors expected to drive the
artificial intelligence (AI) chipset market during the forecast period.
Furthermore, rising AI enabled applications and data driven research &
analysis projects drive the growth in the AI chipset industry. Also, the
changing strategic framework impacts market growth positively.
Besides, increasing usages of machine learning, deep learning,
and natural language processing accelerate market growth, offering detailed
technological insights. Conversely, the lack of technical expertise and AI
standards are major factors projected to impede the market's growth.
Nevertheless, growing competition across the industries and the growing
emphasis on business intelligence would support market growth throughout the
assessment period.
Artificial Intelligence (AI) Chipset Market
- Segments
The report is segmented into five dynamics;
By Component: Hardware
{Processors (CPU, GPU, ASIC, FPGA), Memory, Network} and Software.
By Technology: Machine
Learning, Deep Learning, Natural Language Processing, and others.
By Application: Smart
Wearable, Smartphones, Robotics, Security Systems, Automobile, Medical Imaging,
and others.
By Vertical : Automotive, Consumer
Electronics, Retail, IT & Telecommunication, Healthcare, Media &
Entertainment, BFSI, and others.
By Regions : Americas, Europe, Asia
Pacific, and the Rest-of-the-World.
Global AI Chipset Market - Regional Analysis
North America leads the global AI
Chipset Market Analysis. The largest market share is attributed to the
presence of the majority of key players and technology giants such as IBM
Corporation, Amazon.com Inc., and others. Besides, increasing R&D
investments for the development of AI technologies and the digital
transformation of businesses in the region foster market growth.
Also, the increasing demand for intelligent virtual assistants
drives the growth of the regional market. Moreover, the increasing
implementation of cutting-edge technologies in the automotive and IT &
telecommunication sectors boost regional market growth. The North American AI
chipset market is forecasted to retain its dominance throughout the projected
period.
The Europe artificial intelligence (AI) chipset market holds
the second-largest share. The market growth is fostered by the presence of
various notable players and large deployments of these chipsets across the
industries. Additionally, the high adoption of automation solutions in the
manufacturing sector pushes the development of the regional market. The
European AI chipset market is predicted to create a substantial revenue pocket
during the assessment period.
Asia Pacific artificial intelligence (AI) chipset market is
growing rapidly. Factors such as the proliferation of digitization in
businesses drive the growth of the regional market. The rising adoption of AI
and cloud computing by large and SMEs to enhance employee satisfaction and
operational performance boost the regional market's growth.
Augmenting demand from growing numbers of automation tools
from automotive, consumer electronics, retail, and media & entertainment
act as a key tailwind for the market growth. India and China are major markets
for AI technologies in the region. The APAC artificial intelligence chipset
market is expected to grow at a significant rate during the forecast period.
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Industry/Innovation/Related News:
November 17, 2020 ----- NXP
Semiconductors NV, an American Dutch semiconductor manufacturing company,
announced its partnership with a US-based IT service management company Amazon
Web Services, to connect cars to cloud computing services.
NXP is a leading supplier of computing chips to automakers,
and Amazon Web Services is the largest cloud computing service by revenue.
Dutch chipmaker NXP Semiconductors said that the strategic relationship would
enable the company to leverage cloud computing units to help cars communicate
with data centers.
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