Artificial Intelligence Chip Market , By Chip Type (GPU, CPU and Others), By Processing Type, By Technology, By Application, By End-use Industry and Region - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Region - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits - Forecast 2024-2032

Industry : Information Technology | Pages : 185 Pages | Published On : May 2024

The Artificial Intelligence Chip Market is Valued USD 15.9 billion in 2022 and projected to reach USD 207.4 billion by 2030, growing at a CAGR of CAGR of 37.9% During the Forecast period of 2024-2032.

Market Overview

The artificial intelligence (AI) chip market continues to witness robust growth and innovation, driven by the increasing adoption of AI technologies across various industries. The market is characterized by a competitive landscape with key players such as NVIDIA Corporation, Intel Corporation, and AMD at the forefront, leveraging their technological expertise to develop powerful and efficient AI chip solutions. The demand for AI-driven applications, including machine learning, deep learning, and natural language processing, is propelling the market forward. Advancements in semiconductor technology, the rise of edge computing, and the integration of AI in diverse sectors such as healthcare, automotive, and finance contribute to the market's expansion. Additionally, strategic collaborations and partnerships among industry leaders further shape the evolving landscape of the AI chip market, as companies seek to address the growing demand for high-performance computing solutions tailored to the requirements of AI workloads. As the market continues to evolve, it is expected to witness increased investment, research, and development activities aimed at pushing the boundaries of AI chip capabilities.

Artificial Intelligence Chip Market Size

Market Size ValueUSD 15.9 billion in 2022
Market Size ValueUSD 207.4 billion by 2030
CAGRCAGR of 37.9%
Forecast Period2024-2032
Base Year 2023
Historic Data2020
Segments CoveredChip Type, Processing Type, Technology, Application, End User and Region
Geographics CoveredNorth America, Europe, Asia Pacific, and RoW

Major vendors in the global Artificial Intelligence Chip market are NVIDIA Corporation, Intel Corporation, Advanced Micro Devices, Inc. (AMD), Qualcomm Incorporated, IBM Corporation, Google LLC (Alphabet Inc.), Xilinx, Inc., Micron Technology, Inc., Graphcore Limited, MediaTek Inc., NXP Semiconductors, Samsung Electronics Co., Ltd., Apple Inc., Huawei Technologies Co., Ltd., Mellanox Technologies and Others.

Increasing data traffic and computing power needs

The Global Artificial Intelligence (AI) Chip Market is experiencing a surge in demand driven by the escalating data traffic and the ever-growing need for enhanced computing power. The proliferation of data-intensive applications, including those related to machine learning, big data analytics, and AI-driven services, has resulted in an unprecedented volume of data being generated and processed. As organizations strive to harness the potential of AI technologies for tasks such as data analysis, image recognition, and natural language processing, there is a substantial uptick in the demand for AI chips that can handle the computational complexities associated with these workloads. Moreover, the evolution of AI algorithms and models has led to a continuous rise in the requirements for computing power. Training sophisticated neural networks and executing complex AI tasks demand high-performance processors that can rapidly process vast datasets. This escalating demand for computing power in AI applications is steering the market toward more advanced and efficient AI chip solutions. Semiconductor manufacturers are increasingly focused on developing chips with improved processing capabilities, energy efficiency, and specialized architectures to meet the escalating demands of the AI-driven landscape, positioning the industry to address the challenges posed by the increasing data traffic and computing power needs effectively.

Market Dynamics


  • Emerging trends like autonomous vehicles and robotics
  • Growing focus on parallel computing in data centers
  • Surging demand for AI-based FPGAs


  • Focus on energy-efficient AI chips
  • Advancements in neuromorphic computing
  • Open-source AI hardware platforms

Convergence of AI and other technologies

The Global Artificial Intelligence (AI) Chip Market is witnessing a transformative phase marked by the convergence of AI with other cutting-edge technologies. One significant convergence is with edge computing, where AI algorithms are integrated directly into devices at the network's edge rather than relying solely on centralized cloud servers. This integration enhances real-time processing capabilities, reduces latency, and optimizes bandwidth usage. The synergy of AI with edge computing is reshaping industries such as IoT, autonomous vehicles, and smart cities, driving the demand for AI chips designed to efficiently handle decentralized processing tasks. Additionally, the amalgamation of AI with 5G technology is playing a pivotal role in shaping the future of the AI chip market. The deployment of 5G networks facilitates faster data transfer speeds and lower latency, enabling seamless communication between devices and empowering AI applications to operate with unprecedented efficiency. AI-driven functionalities, such as augmented reality (AR), virtual reality (VR), and immersive experiences, are becoming more prevalent with the combination of AI and 5G. As a result, the market is witnessing a surge in the development of AI chips optimized for 5G networks, fostering a new era of interconnected, intelligent devices and services. The convergence of AI with these and other technologies is propelling the industry towards a more interconnected and technologically advanced future.

The Market for Artificial Intelligence Chip is Dominated by North America.

In 2022, the global artificial intelligence chip market is primarily led by North America. The widespread implementation of artificial intelligence technology within the IT industry is identified as a key catalyst for market expansion in this region. The substantial presence of major technology firms in both the United States and Canada is fueling the upward trajectory of the artificial intelligence chip market in North America. Meanwhile, Europe is experiencing the most rapid growth among all regions in the global artificial intelligence (AI) chip market.

Furthermore, the Asia Pacific region is poised for remarkable growth in the Global Artificial Intelligence Chip Market, propelled by the extensive expansion of end-user industries in the area. The swift advancement of the ICT industry in key economies such as China, India, Japan, and South Korea, backed by governmental initiatives to accelerate technological innovations and reduce reliance on foreign tech giants, is a significant driver for the increasing demand for AI chipsets in the APAC region. Furthermore, the widespread adoption of AI-powered devices in prominent end-user sectors such as healthcare, finance, autonomous vehicles, and various manufacturing industries to optimize business operations is contributing to the escalating demand for AI chips in this region. According to the International Data Corporation, by 2023, more than 49.6% of healthcare providers in Asia-Pacific are expected to invest in generative AI to enhance patient care and boost efficiency in clinics.

The CPU Segments is anticipated to hold the Largest Market Share during the Forecast Period

Based on type, the Artificial Intelligence chip market is divided into GPU, ASIC, FPGA, CPU, and other variants. In 2022, CPU emerged as a dominant player, commanding a significant market share. The term "CPU," which stands for "central processing unit," denotes the primary processor situated within a system's internal electrical circuitry. Functioning as the core component, a CPU differentiates a computer's essential elements from external components such as I/O circuits and main memory through the use of "control unit" and "process unit" terminologies. Present-day CPUs are predominantly available as microprocessors, featuring metal-oxide-semiconductor integrated circuits. The competitive landscape of the artificial intelligence chip market for CPU chips is intense, with Intel and Advanced Micro Devices (AMD) being key players in their production. These companies distribute computer chips either directly to consumers or through extensive distributor networks. Other notable providers of CPU chips include Compaq, Digital Electronics Corporation (DEC), Hewlett-Packard (HP), International Business Machines (IBM), Motorola, Transmeta, Samsung, Texas Instruments, and Sun Microsystems, both current and past contributors to the CPU chip market.

Major Segmentations Are Distributed as follows:

  • By Chip Type
    • GPU
    • ASIC
    • FPGA
    • CPU
    • Others
  • By Processing Type
    • Edge
    • Cloud
  • By Technology
    • System On Chip
    • System in Package
    • Multi Chip Module
    • Others
  • By Application
    • Nature Language Processing
    • Robotics
    • Computer Vision
    • Network Security
    • Others
  • By End-use Industry
    • Media and Advertising
    • BFSI
    • IT and Telecom
    • Retail
    • Healthcare
    • Automotive and Transportation
    • Others
  • By Region
    • North America
      • US
      • Canada
    • Latin America
      • Brazil
      • Mexico
      • Argentina
      • Colombia
      • Chile
      • Peru
      • Rest of Latin America
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • BENELUX
      • CIS & Russia
      • Nordics
      • Austria
      • Poland
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Thailand
      • Indonesia
      • Malaysia
      • Vietnam
      • Australia & New Zealand
      • Rest of Asia Pacific
    • Rest of the World
      • Saudi Arabia
      • UAE
      • South Africa
      • Nigeria
      • Egypt
      • Israel
      • Turkey

Recent Developments

  • January 2023, Perceive AI has introduced its second-generation edge Artificial Intelligence (AI) chip tailored for low-power applications. The company asserts that this latest edge chip exhibits a fourfold increase in speed compared to its predecessor, delivering a blend of low power consumption and high performance.
  • December 2022, Axelera AI has unveiled an integrated platform leveraging its Metis AI Processing Unit (AIPU) Chip, RISC-V Controller, and Voyager SDK Software Stack. The recently introduced Metis platform is designed to enhance the acceleration of computer vision processing at the edge.

Artificial Intelligence Chip Market Report Gives Answers to Following Key Questions:

  • What will be the Artificial Intelligence Chip Market’s Trends & growth rate? What analysis has been done of the prices, sales, and volume of the top producers of Artificial Intelligence Chip Market?
  • What are the main forces behind worldwide Artificial Intelligence Chip Market? Which companies dominate Artificial Intelligence Chip Market?
  • Which companies dominate Artificial Intelligence Chip Market? Which business possibilities, dangers, and tactics did they embrace in the market?
  • What are the global Artificial Intelligence Chip industry's suppliers' opportunities and dangers in Artificial Intelligence Chip Market?
  • What is the Artificial Intelligence Chip industry's regional sales, income, and pricing analysis? In the Artificial Intelligence Chip Market, who are the distributors, traders, and resellers?
  • What are the main geographic areas for various trades that are anticipated to have astounding expansion over the Artificial Intelligence Chip Market?
  • What are the main geographical areas for various industries that are anticipated to observe astounding expansion for Artificial Intelligence Chip Market?
  • What are the dominant revenue-generating regions for Artificial Intelligence Chip Market, as well as regional growth trends?
  • By the end of the forecast period, what will the market size and growth rate be?
  • What are the main Artificial Intelligence Chip Market trends that are influencing the market's expansion?
  • Which key product categories dominate Artificial Intelligence Chip Market? What is Artificial Intelligence Chip Market’s main applications?
  • In the coming years, which Artificial Intelligence Chip Market technology will dominate the market?

Reason to purchase this Artificial Intelligence Chip Market Report:

  • Determine prospective investment areas based on a detailed trend analysis of the global xxx Market over the next years.
  • Gain an in-depth understanding of the underlying factors driving demand for different Artificial Intelligence Chip Market segments in the top spending countries across the world and identify the opportunities each offers.
  • Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
  • Identify the major channels that are driving the global Artificial Intelligence Chip Market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
  • Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the global Artificial Intelligence Chip Market.
  • Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top Artificial Intelligence Chip Market providers worldwide, including information about their products, alliances, recent contract wins, and financial analysis wherever available.



Table and Figures


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