Pune, 26, April 2023: Over the forecast period, Maximize Market Research expects the Artificial Intelligence Chip Market growth from USD 11.5 Bn in 2022 to USD 146.93 Bn in 2029 at a CAGR of 37.5 percent. The report analyzed by Maximize Market Research, on market, covers an extensive regional analysis and competitive landscape.
Artificial Intelligence Chip Market Scope and Methodology
The Artificial Intelligence Chip Market report includes current trends and market highlights, assisting clients in exploring lucrative opportunities in the market. The report covers insights into the major drivers, challenges, and major restraints of the Artificial Intelligence Chip Market. During the forecast period, the report covers market size with estimations and growth rates. To understand market penetration, competitive structure, pricing, and demand analysis, regional market analysis is carried out at the local, regional, and global levels.
For a competitive landscape of the Artificial Intelligence Chip Market, Key players are collected based on several parameters that involve the products and services offered, revenue generated, technological advancements adopted and mergers and acquisitions. The bottom-up approach was used for Artificial Intelligence Chip market estimation. Data is collected using primary and secondary collection methods with qualitative and quantitative approaches. Primary data include surveys, questionnaires and telephonic interviews with market experts, market leaders and business owners. Secondary data was taken from annual reports, financial reports, government organizations’ sites and white papers.
Research tools like SWOT, PESTLE and Porter were used for the Artificial Intelligence Chip Market analysis for the Micro and macro factors affecting the Artificial Intelligence Chip Market presented. Thus the report act as a guide for investors, stakeholders, and market followers of the market.
Artificial Intelligence Chip Market Dynamics
Smart cities are one of the most popular AI growth sectors and employ information–communication technologies to increase efficiency and human comfort. The cutting-edge technologies help citizens to live, stay and enjoy a more convenient life in one access for urbanization that strive to achieve sustainable growth. As a result, increasing demand for smart cities helps to increase the demand for Artificial Intelligence Chips.
The market is driven by the increase in the use of ADAS vehicles, increasing integration of AI in smartphones and smart wearable devices, rising focus on the AI chips manufacturers for the development of innovative AI chips, development of smart robots and growth of the AI inference hardware in data centers.
The market is expected to be hampered by the lack of a skilled workforce and increasing concern about data security, throughout the forecast period.
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Artificial Intelligence Chip Market Regional Insights
During the forecast period, the Asia Pacific is expected to hold the Artificial Intelligence Chip Market. The regional market is driven by the rising public-private partnerships, increasing use of Artificial Intelligence Chips in several sectors such as finance, healthcare, retail, transportation, manufacturing, and agriculture and increasing investment by the government for the development of Artificial Intelligence Chips in countries including China, Singapore and South Korea.
China dominates the regional market with the major share of the market. This is due to the presence of major players coupled with the availability of advanced manufacturing infrastructure solutions and the growing adoption of artificial intelligence in the end-use industries.
Artificial Intelligence Chip Market Segmentation
By Chip Type
By Technology
By Application
Artificial Intelligence Chip Market Key Players Include:
Table of Content for Global Artificial Intelligence Chip Market:
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Key Offerings:
Key questions answered in the Artificial Intelligence Chip Market are:
Maximize Market Research is leading Electronics and research firm, has also published the following reports:
Artificial Intelligence Chipset Market – The market size is expected to reach USD 156.43 Bn by 2029 at a CAGR of 40 percent during the forecast period. The market is driven by increasingly enormous and complex datasets and the adoption of AI for improving consumer services and reducing operational costs and the developing number of AI applications.
System on Chip Market – The market size is expected to reach USD 316.91 Bn by 2029 at a CAGR of 8.3 percent during the forecast period. The market is driven by the increase in popularity of the Internet of Things (IoT) and the increase in consumer demand for electronic products.
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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Media ContactCompany Name: MAXIMIZE MARKET RESEARCH PVT. LTD.Contact Person: Geeta YevleEmail: Send EmailPhone: +91 9607365656Address:3rd Floor, Navale IT Park, Phase 2, Pune Banglore Highway, Narhe,City: PuneState: MaharashtraCountry: IndiaWebsite: https://www.maximizemarketresearch.com/market-report/artificial-intelligence-chip-market/185676/
