The global Artificial Intelligence Chipset Market size is expected to reach USD 59.2 billion by 2025, according to a new report by Grand View Research, Inc. The artificial intelligence (AI) chipset market is anticipated to expand at a CAGR of 33.6% from 2019 to 2025. An artificial intelligence chipset is built on the concept of adding a dedicated component in an electronic device, to execute machine learning tasks. In addition, an increased amount of data has led to the need for high-speed processors and faster computing, which is addressed by incorporating artificial intelligence into the set of electronic components. For instance, Apple has implemented a neural engine in its A11 Bionic chip’s GPU to speed-up the third-party applications. With the growing implementation of AI in smartphones and other smart devices, the growth in the market has been boosted.
With
the rise in artificial intelligence applications ranging from smartphones to
the automobile industry, the adoption of AI-enabled chipsets has been noted
considerably. In addition, the adoption of smart homes and smart cities is
directly influencing the AI chipset market’s growth by providing numerous
opportunities. High demand in high-speed processors due to increased data
complexity is one of the major factors driving the growth of the
market.
Artificial
intelligence chipset is being adopted rapidly in the consumer electronics
industry owing to the rising demand for faster processors. New types of
hardware/semiconductor accelerators are being introduced with the rapid
evolution in artificial intelligence with machine learning and deep learning.
AI has been introduced to almost every industry and majorly in consumer
electronics, which has come up with numerous opportunities in the
semiconductors industry. Growing demand for faster computing processors with
reduced operational and maintenance costs has certainly boosted the AI chipset
market growth.
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Further key findings from the report suggest:
- A
considerable surge in smart home and smart city development is anticipated
to create a broad potential for manufacturers in the artificial
intelligence chip market
- The
integration of artificial intelligence using machine learning and deep
learning with a set of electronic components is estimated to remain a
substantial growth opportunity for the market. Prominent companies as IBM
Corporation are significantly involved in the integration of new
artificial intelligence capabilities such as natural language dialogue and
storytelling in their AI chipset tools
- Market
players are focusing on providing advanced set of electronic components,
which provides advanced features, such as visual intelligence for better
recognition and differentiation of locations, spaces, and objects
- Key market
players are considering partnerships and acquisition of startups providing
innovative products to expand their outreach in the market
- The key
competitors in the market are Advanced Micro Devices, Inc.; Google Inc.;
Intel Corporation; Baidu, Inc.; Graphcore; Qualcomm Technologies, Inc.;
Adapteva, Inc.; Mythic; Huawei Technologies Co., Ltd.; and Xilinx Inc.
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