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Sep 21, 2020 (Market Insight Reports) —
Selbyville, Delaware According to the recent research report titled ‘Artificial Intelligence (AI) Chipsets Market Size By Product, By Technology, By Processing Type, By Industry Vertical, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report LLC, global artificial intelligence (AI) chipsets market is projected to record considerable growth during 2020-2026.
Increasing acceptance of cloud-based services in education, integration of AI inferencing hardware in the data centers, and rising product developments by manufacturers along with investment in startups are driving the growth of global artificial intelligence chipsets market. In addition, emergence of quantum computing, growing development in autonomous technology in vehicles, and rising integration of artificial intelligence in smartphone & smart wearable devices will also contribute to the market outlook.
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Notably, AI includes machine learning (ML) enables system to imbibe external things apart from its original programming. Deep learning is also involved, which is a kind of machine learning algorithm that mimics human brain through layers of computation called neural networks. AI equips the machines to act like humans and AI chips handle programming tasks based on neural networks, machine learning, and deep learning.
Based on product type, global artificial intelligence (AI) chipsets market is divided into FPGA, GPU, CPU, and ASIC. The CPU segment held 35% market share in the year 2019, owing to increasing integration of AI processors in smartphones. Like GPUs and 3D graphics, AI chips also provide CPU time to concentrate on other functions and tasks, that decreases the amount of battery consumed at the same time. The data is more secure since less data is transmitted to the cloud for the purpose of processing.
Speaking of technology spectrum, the industry is categorized into RPA, computer vision, NLP, network security, and others. The network security segment accounted for 5% share of global artificial intelligence (AI) chipsets market in 2019, owing to high procurement across data centers.
Elaborating on industry verticals, the market is bifurcated into retail, healthcare, BFSI, IT & Telecom, automotive, media & advertising, consumer electronics, and others. The report states that consumer electronics segment accounted for 15% market share in 2019, on account of growing approval of smart wearables & virtual assistant gadgets. Popularity of wearables like smart rings and smart watches, as well as virtual assistants such as Amazon’s Alexa is credited to their efficiency in helping individuals perform daily activities.
Citing the regional landscape, Middle East & Africa artificial intelligence chipsets market witnessed a growth rate of 30% in the year 2019, owing to rapid acceptance of autonomous vehicles and mobile devices across the region.
Leading organizations in global artificial intelligence (AI) chipsets market are Softbank Group, SK Hynix Inc., Samsung Electronics, Qualcomm Technologies, NVIDIA Corporation, Microsoft Corporation, Micron Technology, MediaTek Inc., Broadcom Limited, IBM Corporation, and Google LLC among others.
Question and Answer: Global Artificial Intelligence (AI) Chipsets Market
Q1) What factors are propelling the growth of global artificial intelligence (AI) chipsets market?
Answer: Increasing acceptance of cloud-based services in education, integration of AI inferencing hardware in the data centers, and rising product developments by manufacturers along with investment in startups are driving the growth of global artificial intelligence chipsets market.
Q2) How will MEA region contribute to global artificial intelligence (AI) chipsets market revenue?
Answer: Rapid acceptance of autonomous vehicles and mobile devices across the region is augmenting the expansion of Middle East & Africa artificial intelligence (AI) chipsets industry.
Q3) Which are the leading organizations in global artificial intelligence (AI) chipsets market?
Answer: Leading organizations in global artificial intelligence (AI) chipsets market are Softbank Group, SK Hynix Inc., Samsung Electronics, Qualcomm Technologies, NVIDIA Corporation, Microsoft Corporation, Micron Technology, MediaTek Inc., Broadcom Limited, IBM Corporation, and Google LLC among others.
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The MarketWatch News Department was not involved in the creation of this content.