AI Chipsets Market Size [2022-2029] Industry Trends, Share, Growth, SWOT Analysis, Market Drivers
The global AI Chipsets Market Size is expected to rise with an impressive CAGR and generate the highest revenue by 2029. Fortune Business Insights™ in its latest report published this information. The report is titled "AI Chipsets Market Size, Share and Trends Forecast". The report discusses research objectives, research scope, methodology, timeline and challenges during the entire forecast period [2022 - 2029].
- Fortune Business Insights says that the market value stood at US $ 8.14 Billion in 2019
- By 2027, the AI Chipsets Market size is expected to reach US $ 108.85 Billion
- The market is expected to grow at a CAGR of 38.9% in the forecast period (2020-2027).
- The growth rate of the Global AI Chipsets Market is 38.9%, with an estimated value of US $ 108.85 Billion million by 2027.
Gather more insights about the market drivers, restrains and growth of the Global AI Chipsets Market
Market Driver:
Increasing Cognizance about Quantum Computing to Promote Growth
The growing adoption of quantum computing technology to solve complex problems and perform analytical calculations will spur opportunities for the market. For instance, Google LLC's Sycamore quantum computer is currently the fastest computer that can perform a specific task in around 200 seconds. Quantum computers are enabled with technologies such as artificial intelligence, machine learning, computer vision, big data, AR/VR, and others. The growing knowledge about quantum computing will spur demand for AI chipsets, in turn, aiding the market growth. Quantum computing is used in various functions such as fraud detection, risk management, portfolio optimization, and applications where instant data response is required. The growing adoption of risk management solutions among organizations will contribute positively to market growth in the near future.
Popularity of AI-based Solutions to Boost Market During Coronavirus
The production of AI chipsets has been greatly affected by the coronavirus. According to the index of industrial production (IIP) data, in 2020, the manufacturing sector production registered a decline of 11.1% in July, as covid-19 lockdown slows down the manufacturing process. However, the demand for such chipsets has improved immensely during the pandemic because of the adoption of AI among various industries. Various industries such as automotive, manufacturing, and others have implemented AI solutions to ease up processes. Besides, the focus on advanced AI-based solutions by prominent players will aid the market amid coronavirus. For instance, in May 2020, Nvidia Corporation expanded its EGX Edge AI platform by introducing new products called the EGX Jetson Xavier NX and EGX A100.
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Major companies in AI Chipsets Market Report are:
- NVIDIA Corporation (California, United States)
- Intel Corporation (California, United States)
- Xilinx, Inc. (California, United States)
- Samsung Electronics Co., Ltd. (Suwon-si, South Korea)
- Micron Technology, Inc. (Idaho, United States)
- Kneron (California, United States)
- Alibaba Group Holding Limited (Hangzhou, China)
- Qualcomm Technologies, Inc. (California, United States)
- International Business Machines Corporation (IBM) (New York, United States)
- Alphabet Inc. (Google LLC) (California, United States)
- Microsoft Corporation (Washington, United States)
- Amazon Web Services (AWS) (Washington, United States)
- Advanced Micro Devices, Inc. (AMD) (California, United States)
- General Vision, Inc. (California, United States)
- Huawei Technologies Co., Ltd. (Shenzhen, China)
- Graphcore Limited (Bristol, United Kingdom)
- MediaTek Inc. (Hsinchu, Taiwan)
- Fujitsu Limited (Tokyo, Japan)
- Wave Computing, Inc. (California, United States)
- Mythic Inc. (Texas, United States)
- Koniku Inc (California, United States)
- Tenstorrent Inc. (Ontario, Canada)
- SambaNova Systems Inc (California, United States)
- Kalray Corporation (Isere, France)
- XMOS Limited (Bristol, United Kingdom)
- GreenWaves Technologies (Isere, France)
Pre-Post COVID-19 Impact on Global AI Chipsets Market
COVID-19 is an infectious disease caused by the most recently discovered novel corona virus. Largely unknown before the outbreak began in Wuhan (China) in December 2019, COVID-19 has moved from a regional crisis to a global pandemic in just a matter of a few weeks.
In addition, production and supply chain delays were also witnessed during the second quarter which poised a challenge to the AI Chipsets Market, since end-user industries were still not operating at their full capacity.
Secondary Research:
This research study made extensive use of secondary sources, directories, and databases such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global AI Chipsets Market. Other secondary sources included company annual reports, press releases, and investor presentations, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Primary Research:
Various sources from both the supply and demand sides were interviewed during the primary research process to obtain qualitative and quantitative information for this report. Primary sources included industry experts from the core and related industries, as well as preferred suppliers, manufacturers, distributors, technology developers, researchers, and organizations from all segments of the value chain of this industry. To obtain and verify critical qualitative and quantitative information, in-depth interviews were conducted with a variety of primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants.
Estimation of Market Size
The total size of the AI Chipsets Market was estimated and validated using both top-down and bottom-up approaches. These methods were also widely used to estimate the size of various market sub segments. The following research methodologies were used to estimate market size:
Extensive secondary research was used to identify the industry’s key players.
The revenues generated by the market’s leading players in molecular diagnostics have been determined through primary and secondary research.
All percentage shares, splits, and breakdowns were calculated using secondary sources and confirmed using primary sources.
FAQ's:
1. How big is AI Chipsets Market?
The global ai chipsets market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 38.9% during the forecast period, to Reach USD 108.85 Billion by 2027, from USD 8.14 Billion in 2019
2. Who is the market leader in AI Chipsets?
Major Points in Table of Content:
- Introduction
- Definition, By Segment
- Research Methodology/Approach
- Data Sources
- Key Takeaways
- Market Dynamics
- Macro and Micro Economic Indicators
- Drivers, Restraints, Opportunities and Trends
- Impact of COVID-19
- Short-term Impact
- Long-term Impact
- Competition Landscape
- Business Strategies Adopted by Key Players
- Consolidated SWOT Analysis of Key Players
- Global Market Share Analysis and Matrix, 2020
- Key Market Insights and Strategic Recommendations
- Profiles of Key Players
- Overview
- Key Management
- Headquarters etc.
- Offerings/Business Segments
- Key Details
- Employee Size
- Key Financials
- Past and Current Revenue
- Geographical Share
- Business Segment Share
- Recent Developments
- Annexure / Appendix
- Global AI Chipsets Market Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
TOC Continued...!
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