MarkNtel Advisors recently published a detailed industry analysis of the AI Chips Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
AI Chips Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The AI Chips Market size was valued at around USD 123 billion in 2024 and is projected to reach USD 360 billion by 2030. The market is also estimated to grow at a CAGR of around 20.2% during the forecast period, i.e., 2025-30.
What are the major Driver the AI Chips industry?
Urgent Need for Big Data and Real-Time Analytics – The growing demand for big data and real-time analytics are some of the driving forces ensuring the growth of AI chips globally. The rapid growth of data generated by digital platforms, IoT devices, and bigger industries', necessitates high-power computing solutions to process information quickly to gain insights that can be put to use. In 2024, on an average day, over 402.74 million terabytes of data were produced, which only highlights how pressing the need for real-time analytics has become.
AI chips designed for high-speed calculations and parallel processing are essential for managing large data. For instance, financial institutions such as Wells Fargo and ICICI banks use AI chips for processing thousands of transactions per second and for real-time fraud detection. These chips are used in the healthcare industry for predictive analytics to monitor patients and diagnostics, leading to enhanced results and faster response times. Additionally, companies using social media and e-commerce rely on AI chips to provide tailored suggestions that increase user engagement and revenue. These fields' quick adoption of AI chips emphasizes how important they are for facilitating real-time decision-making and streamlining processes.
One of the main factors propelling the global market for AI chips is the pressing need for big data and real-time analytics. Given the exponential growth in data produced by digital platforms, IoT devices, and industries businesses need sophisticated computing solutions to process data quickly and produce insights that can be put to use. The amount of data generated every day in 2024 was estimated to be over 402.74 million terabytes highlighting the magnitude of the need for real-time analytics.
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What segments define the AI Chips market from 2025 to 2030? How do these segments contribute to market dynamics and growth?
- By Technology
- Machine Learning – Market Size & Forecast 2020-2030, (USD Million)
- Natural Language Processing – Market Size & Forecast 2020-2030, (USD Million)
- Context-Aware Computing – Market Size & Forecast 2020-2030, (USD Million)
- Computer Vision – Market Size & Forecast 2020-2030, (USD Million)
- Predictive Analysis – Market Size & Forecast 2020-2030, (USD Million)
According to report, Based on the technology, Machine Learning (ML) segment dominates the global market for AI chips holding about 40% of the entire market.
- By Chips Type
- GPU – Market Size & Forecast 2020-2030, (USD Million)
- NPU – Market Size & Forecast 2020-2030, (USD Million)
- TPU – Market Size & Forecast 2020-2030, (USD Million)
- LPU – Market Size & Forecast 2020-2030, (USD Million)
- ASIA – Market Size & Forecast 2020-2030, (USD Million)
- FPGA – Market Size & Forecast 2020-2030, (USD Million)
- CPU – Market Size & Forecast 2020-2030, (USD Million)
- T-Head – Market Size & Forecast 2020-2030, (USD Million)
- Others – Market Size & Forecast 2020-2030, (USD Million)
- By Process Type
- Edge – Market Size & Forecast 2020-2030, (USD Million)
- Cloud – Market Size & Forecast 2020-2030, (USD Million)
- By Function
- Training – Market Size & Forecast 2020-2030, (USD Million)
- Inference – Market Size & Forecast 2020-2030, (USD Million)
According to report, The Inference segment with an estimated 60% market share is the market leader of AI chips industry.
- By Memory
- DDR – Market Size & Forecast 2020-2030, (USD Million)
- HBM – Market Size & Forecast 2020-2030, (USD Million)
- By End User
- Manufacturing – Market Size & Forecast 2020-2030, (USD Million)
- Healthcare – Market Size & Forecast 2020-2030, (USD Million)
- Automotive – Market Size & Forecast 2020-2030, (USD Million)
- Agriculture – Market Size & Forecast 2020-2030, (USD Million)
- Retail – Market Size & Forecast 2020-2030, (USD Million)
- Human Resources – Market Size & Forecast 2020-2030, (USD Million)
- Marketing – Market Size & Forecast 2020-2030, (USD Million)
- BFSI – Market Size & Forecast 2020-2030, (USD Million)
- Government – Market Size & Forecast 2020-2030, (USD Million)
- Others – Market Size & Forecast 2020-2030, (USD Million)
Explore the Complete AI Chips Market Analysis Report – https://www.marknteladvisors.com/research-library/ai-chips-market.html
Geographical Analysis: AI Chips Market
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
AI Chips Market Share & Competitive Landscape:
The AI Chips Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry's leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the AI Chips Market are:
- NVIDIA
- Google Cloud
- AMD
- Intel
- Qualcomm
- Apple Inc.
- IBM
- Cerebras Systems Inc.
- Microsoft Corporation
- TSMC
- Amazon Web Services
- Alphabet Inc.
- Micron Technology
- Applied Materials
- Texas Instruments
- Samsung
- HCL Technologies
AI Chips Industry Recent Development:
- November 2024: AMD ramped up AI chip development, focusing on new processors and strategic partnerships to meet the surging demand for high-performance computing. The company aims to strengthen its position in the competitive AI chip market.
- March 2024: Tech giant NVIDIA unveils new ‘superchips’ to power AI at a developer’s conference, highlighting the rapid advancement of computing.
Questions Addressed in this Study
1.What factors are driving the AI Chips Market growth?
2.How is the AI Chips Market expected to grow over the next five years?
3.What are the key insights into the current trends in the AI Chips Market?
4.What is the current size of the AI Chips Market, and how is it projected to change in the future?
6.What is the future outlook for the AI Chips Market in terms of technological advancements and market expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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