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AI Chip Market Trends

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Report ID: 3084
Published Date: Sep 03, 2024
Report Format: PDF, PPT

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AI Chip Market Trends

Growth Drivers

Rising Adoption of AI Based Technology Globally
Increase in the Volume of Data Stored Worldwide

Challenges

Lack of Technically Skilled Workforce in Developing Economies

AI Chip Market: Key Insights

Base Year	2023
Forecast Year	2024–2036
CAGR	19.6%
Base Year Market Size (2023)	USD 104.65 billion
Forecast Year Market Size (2036)	USD 1.07 trillion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

AI Chip Market Size & Share, Growth Report 2036

Author Credits: Abhishek Verma

Report ID: 3084
Published Date: Sep 03, 2024
Report Format: PDF, PPT

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.

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