Global Market Size, Forecast, and Trend Highlights Over 2025-2037
AI Chip Market size was valued at USD 125.16 billion in 2024 and is set to exceed USD 1.28 trillion by 2037, expanding at over 19.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of AI chip is evaluated at USD 146.01 billion.
The growth of the market can be attributed to the growing adoption of artificial intelligence (AI) based technologies around the world, increasing volume of the data stored and the rising need to solve computational and mathematical problems effectively. The amount rose up to USD 17 billion in the following year. Along with these, the emergence of quantum computing and increase in investments in building smart homes and cities are also expected to drive growth to the market in the coming years. Furthermore, growing emphasis on autonomous robotics is projected to offer abundant growth opportunities to the market in the future.
AI Chip Sector: Growth Drivers and Challenges
Growth Drivers
- Rising Adoption of AI Based Technology Globally
- Increase in the Volume of Data Stored Worldwide
Challenges
- Lack of Technically Skilled Workforce in Developing Economies
AI Chip Market: Key Insights
| Report Attribute | Details |
|---|---|
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Base Year |
2024 |
|
Forecast Year |
2025-2037 |
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CAGR |
19.6% |
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Base Year Market Size (2024) |
USD 125.16 billion |
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Forecast Year Market Size (2037) |
USD 1.28 trillion |
|
Regional Scope |
|
AI Chip Segmentation
The market is segmented by end user into healthcare, automotive & transportation, IT & telecom, retail, BFSI, and others, out of which, the IT & telecom segment is anticipated to hold the largest share in the AI chip market on account of rise in demand for smart appliances, and surge in need for devices providing enhanced user experience and efficient output. The market for smart appliances is evaluated to gather a revenue of approximately USD 8 billion by the end of 2021. Furthermore, by 2025, almost 19% households are expected to use smart appliances. Wide adoption of internet of things (IoT) and sensor driven algorithms for robotics is also assessed to drive growth to this market segment. In addition, the BFSI segment is also evaluated to occupy a major market share during the forecast period owing to the availability of large amount of data in this industry vertical.
Our in-depth analysis of the global market includes the following segments:
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Type |
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Application |
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End User |
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Vishnu Nair
Head - Global Business DevelopmentCustomize this report to your requirements — connect with our consultant for personalized insights and options.
AI Chip Industry - Regional Synopsis
On the basis of geographical analysis, the AI chip market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.Asia Pacific industry is estimated to dominate majority revenue share by 2037, on the back of intensifying adoption of AI based technologies and growing investments to establish AI startups, especially in countries such as China, Japan and India. For instance, China is placing a strong focus on building artificial intelligence capabilities in the country. Beijing alone foreseen establishment of more than 445 AI companies by 2020. On the other hand, the market in the North America is predicted to grab the largest market share during the forecast period, which can be credited to the increasing demand for AI solutions from industries, namely, retail, BFSI and IT & telecom. Moreover, the market is backed by a strong presence of a well-established cloud infrastructure and some of the biggest tech giants in the world, which is another factor expected to boost the expansion of the market in this region.
Companies Dominating the AI Chip Landscape
- NVIDIA Corporation
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Intel Corporation
- Apple Inc.
- Huawei Technologies Co., Ltd.
- International Business Machines Corporation
- Advanced Micro Devices, Inc
- Baidu, Inc.
- Microsoft Corporation
- Arm Limited
- Graphcore Limited
Recent Developments
- April 12, 2021: NVIDIA announced its first data center CPU for giant AI and large performance computing workloads.
- Report ID: 3084
- Published Date: Dec 24, 2024
- Report Format: PDF, PPT
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AI Chip Market Report Scope
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