Global AI Chipset Market
Global AI Chipset Market By Chipset Type (GPU, CPU, ASIC, FPGA), By Technology (SoC, SiP, McM, Others) By Application (Natural Language Processing, Robotic Process Automation, Computer Vision, Generative AI, Others), By Industry Vertical (Media and Advertising, BFSI, IT & Telecom, Retail, Healthcare, Automotive & Transportation, Manufacturing, Others) And By Geography – Covid-19 Impact Analysis, Post Covid Analysis, Opportunities, Trends And Forecast From 2020 to 2032
The Global AI Chipset Market was valued at $52.8 Billion in 2023 and is anticipated to grow at a CAGR of 32.76% from 2024 to 2034. This growth is attributed to several macro and microeconomic factors such as
Increased Demand for Advanced AI Applications
The increased demand for advanced AI applications is a primary driver of the global AI chipset market. As AI technologies like machine learning, deep learning, and natural language processing become more sophisticated, they require specialized hardware to process complex algorithms and massive datasets efficiently. AI chipsets, such as GPUs, TPUs, and specialized AI processors, are designed to accelerate AI workloads, enabling faster training times, improved performance, and reduced power consumption. This growing demand for advanced AI applications across various sectors, including autonomous vehicles, healthcare, finance, and robotics, is driving the need for more powerful and efficient AI chipsets to support these demanding computational tasks.
Further several factors restraining the market growth includeRegulatory and Ethical Concerns
Regulatory and ethical concerns pose a significant restraint on the global AI chipset market. The development and deployment of AI systems raise concerns about privacy, bias, job displacement, and the potential misuse of these technologies. Governments worldwide are developing regulations to address these concerns, which can increase the cost of development and deployment for AI chipset manufacturers. Ethical considerations, such as ensuring fairness, transparency, and accountability in AI systems, also require careful consideration and can impact the design and implementation of AI chipsets. These regulatory and ethical challenges can create uncertainty and hinder the widespread adoption of AI chipsets across various industries.
Growth of Edge Computing and IoT Integration and collaborations and alliances in the AI Chipset market are expected to generate higher avenues during the forecast period.In the wake of the COVID-19 pandemic, supply chain disruptions have led to supply shortages or lower demand in the AI Chipset market. The pandemic has caused a decline in new orders and a corresponding decrease in Chipset Typeion.
This section will analyze how COVID-19 has impacted supply chains, leading to shortages and lower demand for AI Chipset.
In terms of COVID-19 impact, the AI Chipset market report also includes the following data points:Impact on AI Chipset market size
Operating Weights Trend, Preferences, and Budget Impact
Regulatory Framework/Outdoor Policies
Key Players' Strategy to Tackle Negative Impact/Post-COVID Strategies
Opportunity in the AI Chipset market
Key Insight in the report:The global AI Chipset market report covers an executive summary, market dynamics, COVID impact & post-COVID scenario, market size and forecast, competitive intelligence, market positioning, and Industry Verticals.
Our report covers extensive competitive intelligence which includes the following data points:Business Overview
Business Segment Data
Financial Data
Chipset Type Segment Analysis and Specification
Recent Development and Company Strategy Analysis
SWOT Analysis
AI Chipset Market Segmentation:Chipset Type
GPU
CPU
ASIC
FPGA
Belt Chipset Type
SoC
SiP
McM
Others
Application
Natural Language Processing
Robotic Process Automation
Computer Vision
Generative AI
Others
Industry Vertical
Media and Advertising
BFSI
IT & Telecom
Retail
Healthcare
Automotive & Transportation
Manufacturing
Others
Region/ Countries Covered:North America
US
Canada
Mexico
Europe
U.K.
Germany
France
Italy
Spain
BeNeLux
Russia
Rest of Europe
Asia Pacific
China
Japan
Australia
India
South Korea
Malaysia
Thailand
Indonesia
Rest of Asia Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Egypt
South Africa
Rest of Middle East & Africa
Key Players Analyzed in the Report:NVIDIA Corporation
Advanced Micro Devices, Inc
Google
Intel Corporation., Ltd.
Samsung Electronics Co., Ltd.
Micron Technology, Inc
SK Hynix, Inc.
Apple Inc.
Qualcomm Technologies, Inc
Huawei Technologies Co., Ltd