Press Release

AI Chipset Market Is Estimated To Record a CAGR of Around 37.87% During The Forecast Period

Global generative AI market

Evolve Business Intelligence has published a research report on the Global AI Chipset Market, 2023–2033. The Global AI Chipset market is projected to exhibit a CAGR of around 37.87% during the forecast period of 2023 to 2033.

Evolve Business Intelligence has recognized the following companies as the key players in the global AI Chipset Market: Advanced Micro Devices Inc. (AMD), Xilinx Inc, Graphcore Ltd, Huawei Technologies Co. Ltd, IBM Corporation, Intel Corporation, NVIDIA Corporation, Micron Technology Inc, Samsung Semiconductor.


Market Highlights

Global AI Chipset market is projected to be valued at USD 228.65 Billion by 2033, recording a CAGR of around 37.87% during the forecast period. AI chipsets incorporate a combination of general-purpose processors, dedicated AI accelerators, memory units, and other specialized components. These components are specifically designed to handle the computational demands of AI workloads, such as machine learning, deep learning, natural language processing, computer vision, and other AI tasks. The dedicated AI accelerators, often in the form of graphics processing units (GPUs) or application-specific integrated circuits (ASICs), are designed to perform parallel processing and handle the complex mathematical calculations required for AI algorithms. These accelerators are highly efficient in handling matrix operations and neural network computations, which are fundamental to many AI applications.

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The COVID-19 pandemic had a profound and transformative impact on the AI chipset market. As the pandemic led to widespread remote work, increased digitalization, and a surge in data-intensive applications, the demand for AI chipsets soared. Organizations sought to leverage AI technologies for various purposes, such as healthcare analytics, drug discovery, remote monitoring, and contactless services. This increased demand, coupled with supply chain disruptions, prompted accelerated innovation and development of AI chipsets to meet the growing needs. Furthermore, governments and businesses recognized the strategic importance of AI in addressing the challenges posed by the pandemic, leading to increased investments and collaborations in AI research and development, which further fueled the growth of the AI chipset market. Overall, the pandemic acted as a catalyst, propelling the AI chipset market forward and highlighting the critical role of AI in addressing global challenges.

Segmental Analysis

The Global AI Chipset market has been segmented based on Component, and Application.

Based on the Component, the AI Chipset market is segmented into Central Processing Unit (CPU), Graphics Processing Unit (GPU), Neural Network Processor (NNP), and Others. The Central Processing Unit (CPU) segment is expected to have a larger market share throughout the forecast period.

Based on Application, the global AI Chipset market has been divided into Consumer Electronics, Automotive, Healthcare, Automation, and Robotics, Other. The Consumer Electronics segment is anticipated to dominate the market.

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Regional Analysis

The AI Chipset market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, & Africa. North America, particularly the U.S., has been a key player in the AI chipset market. The region is known for its technological advancements, robust research and development activities, and the presence of leading AI chipset manufacturers. It has a mature market with high adoption rates of AI technologies across various industries. Europe has been actively embracing AI technologies and has a growing AI chipset market. Countries like the U.K., Germany, and France are major contributors to the region’s market growth. The European Union’s focus on digital transformation, research collaborations, and regulatory initiatives have further propelled the development and adoption of AI chipsets in the region. The Asia-Pacific region is witnessing significant growth in the AI chipset market. Countries like China, Japan, South Korea, and India are driving this growth with their advancements in AI research, increasing investments in AI startups, and a rapidly expanding consumer base. The region’s thriving manufacturing sector and emerging markets provide opportunities for AI chipset manufacturers. South America has a developing AI chipset market. Brazil, Argentina, and Colombia are among the countries witnessing increased adoption of AI technologies. The region’s focus on improving technological infrastructure and expanding digital capabilities contributes to the growth of the AI chipset market. The Middle East and Africa are also witnessing a growing AI chipset market. Countries like the UAE, Saudi Arabia, and South Africa are leading in terms of AI adoption. The region’s investment in smart city initiatives, digital transformation, and AI-driven projects in sectors like healthcare and transportation contribute to the expansion of the AI chipset market.

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