Press release
Artificial Intelligence (Chipsets) Market Drivers, Ongoing Trends And Forecast 2024-2033
The artificial intelligence (chipsets) market size has grown exponentially in recent years. It will grow from $18.25 billion in 2023 to $24.26 billion in 2024 at a compound annual growth rate (CAGR) of 32.9%. The growth in the historic period can be attributed to early developments in machine learning algorithms, growth of big data analytics, increasing demand for computational power, advances in neural network research, rise in cloud computing infrastructure.
The artificial intelligence (chipsets) market size is expected to see exponential growth in the next few years. It will grow to $70.24 billion in 2028 at a compound annual growth rate (CAGR) of 30.4%. The growth in the forecast period can be attributed to accelerated adoption of ai in various industries, expansion of edge computing capabilities, growing demand for specialized ai chipsets, increased investment in ai research and development. Major trends in the forecast period include evolution of ai chip architectures, integration of ai in new application domains, advancements in natural language processing, rise of explainable ai for transparency, integration of ai in robotics and automation.
Market Overview -
Artificial Intelligence (AI) chipsets are specialized hardware components designed to perform computationally intensive tasks related to artificial intelligence. These chipsets are specifically optimized to enhance the performance and efficiency of AI algorithms and models, enabling faster and more efficient execution of AI workloads.
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Increasing Demand For Autonomous Vehicles Boosts The Artificial Intelligence (Chipsets) Market Growth
The rising demand for autonomous vehicles is expected to propel the growth of the artificial intelligence (chipsets) market going forward. Autonomous vehicles, also known as self-driving cars or driverless cars, can navigate and operate on the road without direct human input. Artificial intelligence chipsets are used in autonomous vehicles to process sensor data, analyze the surrounding environment, make real-time decisions, and enable safe and efficient navigation without human intervention. For instance, in December 2022, according to the National Highway Traffic Safety Administration (NHTSA), a US-based government agency, there are expected to be approximately 3.5 million autonomous vehicles on U.S. roads by 2025, reaching 5.5 million by 2030. Therefore, the rising demand for autonomous vehicles drives the artificial intelligence (chipsets) market.
Competitive Landscape -
Major companies operating in the artificial intelligence (chipsets) market report are Apple Inc., Alphabet Inc., Samsung Electronics Co. Ltd., Microsoft Corporation, Huawei Technologies Co. Ltd., Intel Corporation, International Business Machines Corporation, Qualcomm Technologies Inc., Micron Technology Inc., NVIDIA Corporation, AMD, MediaTek Inc., Baidu Inc., Xilinx Inc., Ampere Computing LLC, Cambricon Technologies Corporation, Horizon Robotics Inc., VeriSilicon Holdings Co., Cerebras Systems Inc., Greenwave Technology Solutions, Hailo, Graphcore Limited, SambaNova Systems Inc., Mythic Inc., Wave Computing Inc., Esperanto Technologies Inc., CogniTensor Inc., Syntiant Corporation, Tenstorrent Inc., BrainChip Holdings Ltd.
Major Players Transform AI Landscape With Cutting-Edge Chipset Development
Product innovation is a key trend gaining popularity in the artificial intelligence (chipsets) market. Major companies operating in the artificial intelligence (chipsets) market are concentrating their efforts towards developing innovative solutions to provide reliable services to customers. For instance, in December 2023, Advanced Micro Devices, Inc., a US-based semiconductor company, announced the launch of AMD Instinct MI300X. It is an AI-based accelerator chip has 192 gigabytes of memory capacity and delivers roughly 1.9x times the performance-per-watt. It can achieve a peak theoretical memory bandwidth of 5.3 terabytes per second, surpassing the capabilities of the previous flagship AI chipset, the MI250X, by 1.5 times and 1.7 times.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/artificial-intelligence-chipsets-global-market-report
Key Segments -
The artificial intelligence (chipsets) market covered in this report is segmented -
1) By Hardware: Processor, Memory, Network
2) By Technology: Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision, Predictive Analysis
3) By Function: Training, Inference
4) By Computing Technology: Cloud AI Computing, Edge AI Computing
5) By Industry Vertical: Consumer Electronics, Media And Advertising, Banking, Financial Services and Insurance (BFSI), Information Technology (IT) And Telecom, Retail, Healthcare, Automotive, Other Industry Verticals
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
The artificial intelligence (chipsets) market size is expected to see exponential growth in the next few years. It will grow to $70.24 billion in 2028 at a compound annual growth rate (CAGR) of 30.4%. The growth in the forecast period can be attributed to accelerated adoption of ai in various industries, expansion of edge computing capabilities, growing demand for specialized ai chipsets, increased investment in ai research and development. Major trends in the forecast period include evolution of ai chip architectures, integration of ai in new application domains, advancements in natural language processing, rise of explainable ai for transparency, integration of ai in robotics and automation.
Market Overview -
Artificial Intelligence (AI) chipsets are specialized hardware components designed to perform computationally intensive tasks related to artificial intelligence. These chipsets are specifically optimized to enhance the performance and efficiency of AI algorithms and models, enabling faster and more efficient execution of AI workloads.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=12201&type=smp
Increasing Demand For Autonomous Vehicles Boosts The Artificial Intelligence (Chipsets) Market Growth
The rising demand for autonomous vehicles is expected to propel the growth of the artificial intelligence (chipsets) market going forward. Autonomous vehicles, also known as self-driving cars or driverless cars, can navigate and operate on the road without direct human input. Artificial intelligence chipsets are used in autonomous vehicles to process sensor data, analyze the surrounding environment, make real-time decisions, and enable safe and efficient navigation without human intervention. For instance, in December 2022, according to the National Highway Traffic Safety Administration (NHTSA), a US-based government agency, there are expected to be approximately 3.5 million autonomous vehicles on U.S. roads by 2025, reaching 5.5 million by 2030. Therefore, the rising demand for autonomous vehicles drives the artificial intelligence (chipsets) market.
Competitive Landscape -
Major companies operating in the artificial intelligence (chipsets) market report are Apple Inc., Alphabet Inc., Samsung Electronics Co. Ltd., Microsoft Corporation, Huawei Technologies Co. Ltd., Intel Corporation, International Business Machines Corporation, Qualcomm Technologies Inc., Micron Technology Inc., NVIDIA Corporation, AMD, MediaTek Inc., Baidu Inc., Xilinx Inc., Ampere Computing LLC, Cambricon Technologies Corporation, Horizon Robotics Inc., VeriSilicon Holdings Co., Cerebras Systems Inc., Greenwave Technology Solutions, Hailo, Graphcore Limited, SambaNova Systems Inc., Mythic Inc., Wave Computing Inc., Esperanto Technologies Inc., CogniTensor Inc., Syntiant Corporation, Tenstorrent Inc., BrainChip Holdings Ltd.
Major Players Transform AI Landscape With Cutting-Edge Chipset Development
Product innovation is a key trend gaining popularity in the artificial intelligence (chipsets) market. Major companies operating in the artificial intelligence (chipsets) market are concentrating their efforts towards developing innovative solutions to provide reliable services to customers. For instance, in December 2023, Advanced Micro Devices, Inc., a US-based semiconductor company, announced the launch of AMD Instinct MI300X. It is an AI-based accelerator chip has 192 gigabytes of memory capacity and delivers roughly 1.9x times the performance-per-watt. It can achieve a peak theoretical memory bandwidth of 5.3 terabytes per second, surpassing the capabilities of the previous flagship AI chipset, the MI250X, by 1.5 times and 1.7 times.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/artificial-intelligence-chipsets-global-market-report
Key Segments -
The artificial intelligence (chipsets) market covered in this report is segmented -
1) By Hardware: Processor, Memory, Network
2) By Technology: Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision, Predictive Analysis
3) By Function: Training, Inference
4) By Computing Technology: Cloud AI Computing, Edge AI Computing
5) By Industry Vertical: Consumer Electronics, Media And Advertising, Banking, Financial Services and Insurance (BFSI), Information Technology (IT) And Telecom, Retail, Healthcare, Automotive, Other Industry Verticals
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
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