AI Chip Market Size

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. In the year 2024, the industry size of AI chip is evaluated at USD 121.06 billion. The growth of the market can be attributed to the growing adoption of artificial intelligence (AI) based technologies around the world, increasing volume of the data stored and the rising need to solve computational and mathematical problems effectively. The amount rose up to USD 17 billion in the following year. Along with these, the emergence of quantum computing and increase in investments in building smart homes and cities are also expected to drive growth to the market in the coming years. Furthermore, growing emphasis on autonomous robotics is projected to offer abundant growth opportunities to the market in the future.