Artificial Intelligence (AI) Chipsets Market Overview 2024: Size, Growth Drivers, and Major Segments
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What is the Expected Growth Rate of the Artificial Intelligence (AI) Chipsets Market for the Period 2024 to 2033?
Over the past few years, the market size for artificial intelligence (ai) chipsets has experienced considerable expansion. The market is projected to surge from $14.82 billion in 2023 to $20.79 billion in 2024, with a compound annual growth rate (CAGR) of 40.3%. This significant growth witnessed during the historical period can be credited to factors such as the upsurge in machine learning applications, advancements in deep learning technologies, the broadening scope of data analytics, uptake of ai in consumer electronics, and the growth of cloud computing.
In the coming years, exponential growth is anticipated in the artificial intelligence (AI) chipsets market. The market is projected to escalate to $72.71 billion by 2028, with a compound annual growth rate (CAGR) of 36.8%. The growth triggers during the forecast period can be linked to the rising demand for AI in autonomous vehicles, an increase in AI chipsets used in natural language processing, enhancement of AI in cybersecurity solutions, expansion of AI-integrated IoT devices, and bespoke AI chipsets for industry-oriented applications. Notable trends for the forecast period encompass the creation of novel neuromorphic chipsets, advancements in semiconductor fabrication, progress in quantum computing, partnerships with AI software developers, AI chipsets utilized for real-time video analysis, and a focus on power-saving AI chip designs.
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What Factors Are Responsible for the Growth of the artificial intelligence (ai) chipsets Market?
The burgeoning requirement for autonomous automobiles is predicted to stimulate the advancement of the artificial intelligence (AI) chipset market. Autonomous vehicles, also referred to as driverless cars, are able to operate independently and perform crucial tasks without human input thanks to their ability to perceive their surroundings. They heavily rely on AI chipsets which provide the necessary processing power, machine learning expertise, and immediate decision-making abilities for a secure and efficient self-drive experience. For example, a prediction by the National Association of Insurance Commissioners, a non-profit organization based in the US, in December 2022 stated that it is expected there will be 3.5 million autonomous vehicles on American roads by 2025, and by 2030, this number will increase to 4.5 million. Hence, the accelerated trend of autonomous vehicles is likely to fuel the AI chipset market.
Which Segments Are Important for Insight into the Artificial Intelligence (AI) Chipsets Market?
1) By Hardware: Processor, Memory, Network
2) By Function: Training, Inference
3) By Technology: Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision, Predictive Analysis
4) By End-User: Healthcare, Manufacturing, Automotive, Agriculture, Retail, Cybersecurity, Human Resources, Marketing, Law, Other End-Users
What Are the Significant Trends Reshaping the Artificial Intelligence (AI) Chipsets Sector?
In the artificial intelligence (AI) chipsets market, one trend making waves is the emphasis on product innovation. Leading corporations in this market are dedicated to creating innovative solutions in an effort fortify their market standing. As an illustration, Nvidia Corporation, a US-based firm specializing in AI hardware and software, unveiled the GeForce RTX 40 Series of GPUs in September 2022. This new series is packed with multiple groundbreaking features like streaming multiprocessors, third-generation RT cores, fourth-generation tensor cores, shader execution reordering, an Ada optical flow accelerator, and dual Nvidia encoders. Its goal is to deliver exceptional performance to gamers and content creators, made possible by its brand-new flagship GPU – the RTX 4090. This chip offers up to four times the performance of its predecessor.
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Which Regions Are Essential for the Growth of the Artificial Intelligence (AI) Chipsets Market?
North America was the largest region in the artificial intelligence (AI) chipsets market in 2023. The regions covered in the artificial intelligence (ai) chipsets market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Artificial Intelligence (AI) Chipsets Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the artificial intelligence (ai) chipsets market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Artificial Intelligence (AI) Chipsets Market Include
1. Artificial Intelligence (AI) Chipsets Market Executive Summary
2. Artificial Intelligence (AI) Chipsets Market Segments
3. Artificial Intelligence (AI) Chipsets Market Size And Template Market Growth Rate
4. Key Artificial Intelligence (AI) Chipsets Market Trends
5. Major Artificial Intelligence (AI) Chipsets Market Drivers
……
25. Key Mergers And Acquisitions In The Artificial Intelligence (AI) Chipsets Market
26. Top Artificial Intelligence (AI) Chipsets Companies
27. Artificial Intelligence (AI) Chipsets Market Opportunities And Strategies
28. Artificial Intelligence (AI) Chipsets Market, Conclusions And Recommendations
29. Appendix
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