AI Chip Market Analysis

The market is segmented by end user into healthcare, automotive & transportation, IT & telecom, retail, BFSI, and others, out of which, the IT & telecom segment is anticipated to hold the largest share in the AI chip market on account of rise in demand for smart appliances, and surge in need for devices providing enhanced user experience and efficient output. The market for smart appliances is evaluated to gather a revenue of approximately USD 8 billion by the end of 2021. Furthermore, by 2025, almost 19% households are expected to use smart appliances. Wide adoption of internet of things (IoT) and sensor driven algorithms for robotics is also assessed to drive growth to this market segment. In addition, the BFSI segment is also evaluated to occupy a major market share during the forecast period owing to the availability of large amount of data in this industry vertical.

Our in-depth analysis of the global market includes the following segments:

Type

ASIC
FPGA
CPU
GPU
Others

Application

Computer Vision
Network Security
Natural Language Processing
Robotic
Others

End User

Healthcare
Automotive & Transportation
IT & Telecom
Retail
BFSI
Others

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of AI chip is evaluated at USD 121.06 billion.

AI Chip Market size was over USD 104.65 billion in 2023 and is poised to cross USD 1.07 trillion by 2036, witnessing more than 19.6% CAGR during the forecast period i.e., between 2024-2036. The market growth is impelled by rising adoption of AI technology globally and increasing volume of data stored worldwide.

Asia Pacific is estimated to hold largest revenue share by 2036, on the back of intensifying adoption of AI based technologies and growing investments to establish AI startups, especially in countries such as China, Japan and India.

The major players in the market are NVIDIA Corporation, Intel Corporation, Apple Inc., Huawei Technologies Co., Ltd., and others.

AI Chip Market Analysis