Theglobal artificial intelligence (AI) chipset market size is expected to be USD 8.6 billion in 2021 and reach USD 61.76 billion in 2027, registering a CAGR of 38.90% during the forecast period 2021-2027. Specialized silicon chips are artificial intelligence (AI) chips that implement AI technologies are used for machine learning. The global market for artificial intelligence chips is segmented according to chip size, application, vertical industry, technology, processing type, and location.
Across several verticals of business, AI helps reduce or mitigate the danger to human life. Due to the growing data volume, the need for more effective systems to solve mathematical and computational problems is becoming critical. Therefore, most of the IT industry's leading players have focused on designing AI chips and applications. Besides, the emergence of quantum computing and increased implementation of AI chips in robotics is driving the global market's growth for artificial intelligence chips. However, autonomous robotics robots that create and operate autonomously are expected to emerge to provide potential growth opportunities for the market.
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Global Artificial Intelligence (AI) Chipset Market Dynamics
Increased large and complex dataset drives AI requirements. Also, the need for autonomous decision-making systems has increased by converging data from various sectors, such as healthcare, banking, law, investment management, security, advertising, equity trading, defense, and financial services. Moreover, due to technological developments such as IoT and industrial initiatives such as Industry 4.0, the growing number of devices or nodes has accelerated data generation. Continuous growth in the number of Internet users worldwide is expected to further increase the overall IoT market due to developments in smart devices such as radio frequency identification (RFID) cameras, handheld computers, and barcode scanners.
Focus increasingly on the production of human-aware AI systems, the specific predictions aimed at making them human aware that designing models with the characteristics of human thought, during the advent of AI technologies. But the creation of interactive and scalable machines remains a challenge for AI machine developers. Human interference with AI techniques has been increasing. It has introduced new research problems, i.e., issues of understanding and presentation, such as interaction issues with system automation and intelligent use of crowdsourcing. The perception challenges include difficulties that AI machines face in interpreting human inputs, such as information and precise directives.
Impact of COVID-19 on Artificial Intelligence (AI) Chipset Market
Solutions Artificial Intelligence (AI), Virtual Reality (VR), and Augmented Reality (AR) are expected to contribute significantly when reacting to the COVID19 pandemic and resolving ever-evolving challenges. Due to the epidemic's outbreak, the current condition would inspire pharmaceutical salespeople and healthcare establishments to boost their RD expenditure in AI, serving as the core technology to allow numerous initiatives to be taken. The insurance sector is expected to face cost-efficiency-related pressures. Using AI will help reduce operating conditions costs and, at the same time, customer satisfaction may be increased during the renewal process, claims, and other services. Due to the closing of several schools and colleges, VR / AR will assist in e-learning, for which demand would grow. Also, VR / AR can also prove beneficial for offering remote assistance because it can also prevent unnecessary journeys. The study accounts forcovid19 as a critical market contributor.
Scope of the Report
The report outlines the study of the artificial intelligence (AI) chipset market based on chip type, application, technology, processing type, and industry vertical.
Global Artificial Intelligence (AI) Chipset Market, by Chip Type –
Global Artificial Intelligence (AI) Chipset Market, by Application -
- Natural Language Processing (NLP)
- Computer Vision
- Network Security
Global Artificial Intelligence (AI) Chipset Market, by Technology -
- System-On-Chip (SOC)
- System-in-Package (SIP)
- Multi-Chip Module
Global Artificial Intelligence (AI) Chipset Market, by Processing Type -
Global Artificial Intelligence (AI) Chipset Market, by Industry Vertical -
- Media Advertising
- IT Telecom
- Automotive Transportation
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