TRACKING THE TRANSFORMING AI CHIP MARKET
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AI CHIP MARKET
Asia-Pacific is expected to depict the fastest growth in the global artificial intelligence chip market throughout the forecast period. Many larger and midsize markets in the region have extensively adopted AI technologies, specifically in finance and healthcare sectors. Several researches have been done by Southeast Asian organizations to use AI systems for expert assistance. Seapee Bajaj & Akshay Jadhav Lead Analysts, Semiconductors & Electronics at AMR
CURRENT AND FUTURE MARKET SCENARIO The global AI chip market was valued at $661 million in 2016. The global AI chip market is projected to reach at $11,167 million by 2023. The global AI chip market growing at a CAGR of 49.6% from 2017 to 2023. In 2016, the GPU sub-segment generated the highest revenue in the global market. In 2016, the BFSI industry generated the highest revenue among the other applications in the artificial intelligence chip market.
FACTORS CONTRIBUTING TO MARKET GROWTH ď‚š Increasing investments in AI startups. Many countries, especially the U.S., have witnessed significant growth in tech start-ups every year, backed by various venture capitalists and venture capitals, thus increasing the market scope. ď‚š Increased adoption in developing regions. Recent developments in the emerging economies, such as China and India, in various industry verticals such as media & advertising, finance, retail, healthcare, automotive & transportation, and others have created a major growth potential for AI in such regions.
AI CHIP MARKET SEGMENTATION BY INDUSTRY VERTICAL
BY CHIP TYPE • • • •
GPU ASIC FPGA CPU
Media & Advertising BFSI IT & Telecom Retail Healthcare Automotive & Transportation • Others • • • • • •
BY TECHNOLOGY
• System-on-chip • System-inpackage • Multi-chip module • Others
BY APPLICATION
• Predictive maintenance • Image recognition • Contract analytics • Others
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DOMINATING SEGMENTS
BFSI INDUSTRY
In 2016, the BFSI industry generated the highest revenue among the other applications in the artificial intelligence chip market.
GPU SUBSEGMENT
In 2016, the GPU sub-segment generated the highest revenue in the global market.
GEOGRAPHICAL OVERVIEW
Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Asia-Pacific is anticipated to witness the highest CAGR during the forecast period.
At present, North America dominates this market, followed by Europe. In 2016, the U.S. dominated the North American market.
LEADING MARKET PLAYERS AMD (Advanced Micro Devices) Google Inc. Intel Corporation NVIDIA Baidu Graphcore Qualcomm Adapteva
UC-Davis Mythic and others.
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