Artificial Intelligence (AI) Processor Market Size, Share, Opportunities, And Trends By Processor Type (GPU, ASIC, FPGA, Others), By Technology (System-on-Chip, Multi-Chip Module, System-in-Package, Others), By Processing Type (Cloud, Edge), By Industry Vertical (BFSI, IT And Telecom, Healthcare, Retail, Media And Entertainment, Others), And By Geography - Forecasts From 2024 To 2029
- Published : Mar 2024
- Report Code : KSI061611701
- Pages : 152
The artificial intelligence (AI) processor market is evaluated at US$7.509 billion for the year 2022 growing at a CAGR of 17.47% reaching the market size of US$23.181 billion by the year 2029.
Growing data volume as a result of connected device proliferation and increased high-speed internet connectivity is a key driving factor for the global artificial intelligence (AI) processor market. AI processors are used to efficiently handle large and parallel operations.
Artificial intelligence (AI) processors incorporate AI technology and are used for machine learning. With the burgeoning volume of data, there is a constantly growing need for more efficient systems to solve complex mathematical and computational problems. As such, companies have started focusing on developing AI processors for various applications across different industries. Furthermore, the emerging popularity of quantum computing and increasing demand for AI processors in the booming robotics industry are also anticipated to provide potential growth opportunities for the global artificial intelligence (AI) processor market during the forecast period. An increase in investments in smart cities across various regions also provides a great opportunity for artificial intelligence processor (AI) market players. Furthermore, growing investments in AI startups, backed by various venture capitalists, are thus positively impacting the market growth of artificial intelligence (AI) processors. A surge in demand for AI to be integrated into video surveillance and a rise in government spending for cybersecurity solutions integrated with real-time analytics and AI will further drive the global market growth of artificial intelligence during the forecast period. The growing emergence of quantum computing is another potential factor for the growth of the artificial intelligence (AI) market during the forecast period.
MARKET DRIVERS:
- Increasing demand for AI applications.
One important factor influencing the artificial intelligence (AI) processor industry is the growing need for AI applications. The integration of AI technologies into several industries, including healthcare, finance, technology, and the automotive sector, has led to an increasing demand for specialized hardware that can manage the intricate processing demands of AI workloads. To satisfy these expectations, AI processors which are made to effectively carry out activities linked to machine learning, deep learning, and other AI applications—are essential. With companies looking to use AI for activities like image recognition, natural language processing, and data analysis, the speed and efficiency provided by specialized AI processors become critical.
- Growth strategies of key market players.
Companies are adopting various growth strategies such as acquisitions, partnerships, collaborations, and product launches to strengthen their AI processor product portfolio while expanding their market share, thus positively impacting the market growth of artificial intelligence (AI) processors worldwide. For instance, in May 2022, Intel Corp. introduced its AI Gaudi2 chip, 4th generation Xeon Scalable processors, Project Apollo AI program with Accenture, a new IPU roadmap extending through 2026, a new GPU Solution, and new 12th Gen Core HX processors for laptops. AI advancements in various industries is anticipateds to drive demand for artificial intelligence (AI) processors during the forecast period. Elon Musk, the founder of Tesla, for example, launched the tech startup Neuralink to develop implants that use AI to connect brains with computer interfaces. AI processor manufacturers are also engaged in growth strategies including product launches, investments, partnerships, and collaborations to meet the emerging demand and expand their global market share, which will also fuel the growth of the artificial intelligence (AI) processor market.
The North American artificial intelligence (AI) processor market is anticipated to grow significantly.
Geographically, the Artificial Intelligence (AI) processor market is segmented into North America, South America, Europe, the Middle East, Africa (MEA), and Asia Pacific (APAC). North America accounted for the major market share in 2020 and is anticipated to remain in its position during the forecast period. Early adoption of new advanced technologies and the presence of major market players in the region support the growth of this regional market. Increasing investments in artificial intelligence (AI) in countries such as the United States and Canada are also driving the growth of this regional market. In February 2020, California-based startup Pony.ai received funding of $462 million, out of which $400 million came from Toyota for autonomous driving.
The APAC regional market is projected to witness a substantial CAGR during the forecast period on account of major AI processor makers such as Samsung and Huawei in the region. Growing adoption of AI technology across various industry verticals such as automotive and transportation, healthcare, BFSI, and retail in countries such as South Korea, India, and China is significantly augmenting regional demand for artificial intelligence (AI)processors. Increasing investments in 5G and IoT technology are also spurring the market growth of AI processors in this region.
Key Developments:
- In December 2023, Intel unveiled an unparalleled array of AI technologies at its "AI Everywhere" launch in New York City, enabling customers' AI solutions across the data center, cloud, network, edge, and PC.
- Fraunhofer IPMS and CAST announced a RISC-V Embedded Processor for Edge AI in December 2021. A new RISC-V processor option that can perform artificial intelligence (AI) and machine learning (ML) functions in standalone devices. The EMSA5-FS Processor core supports the execution of vector instructions, which enable parallel processing of datasets and, as a result, can improve performance and energy efficiency.
Artificial Intelligence (AI) Processor Market Scope:
Report Metric | Details |
Market Size Value in 2022 | US$7.509 billion |
Market Size Value in 2029 | US$23.181 billion |
Growth Rate | CAGR of 17.47% from 2022 to 2029 |
Base Year | 2022 |
Forecast Period | 2024 – 2029 |
Forecast Unit (Value) | USD Billion |
Segments Covered |
|
Companies Covered |
|
Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
Customization Scope | Free report customization with purchase |
Segmentation:
- By Processor Type
- GPU
- ASIC
- FPGA
- Others
- By Technology
- System-on-Chip
- Multi-Chip Module
- System-in-Package
- Others
- By Processing Type
- Cloud
- Edge
- By Industry Vertical
- BFSI
- IT and Telecom
- Healthcare
- Retail
- Media and Entertainment
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- France
- United Kingdom
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Others
- Asia Pacific
- China
- Japan
- South Korea
- India
- Thailand
- Indonesia
- Taiwan
- Others
- North America
Frequently Asked Questions (FAQs)
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
1.8. Key Benefits to the stakeholder
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Processes
3. EXECUTIVE SUMMARY
3.1. Key Findings
3.2. CXO Perspective
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
4.5. Analyst View
5. ARTIFICIAL INTELLIGENCE (AI) PROCESSOR MARKET, BY PROCESSOR TYPE
5.1. Introduction
5.2. GPU
5.2.1. Market Trends and Opportunities
5.2.2. Growth Prospects
5.2.3. Geographic Lucrativeness
5.3. ASIC
5.3.1. Market Trends and Opportunities
5.3.2. Growth Prospects
5.3.3. Geographic Lucrativeness
5.4. FPGA
5.4.1. Market Trends and Opportunities
5.4.2. Growth Prospects
5.4.3. Geographic Lucrativeness
5.5. Others
5.5.1. Market Trends and Opportunities
5.5.2. Growth Prospects
5.5.3. Geographic Lucrativeness
6. ARTIFICIAL INTELLIGENCE (AI) PROCESSOR MARKET, BY TECHNOLOGY
6.1. Introduction
6.2. System-on-Chip
6.2.1. Market Trends and Opportunities
6.2.2. Growth Prospects
6.2.3. Geographic Lucrativeness
6.3. Multi-Chip Module
6.3.1. Market Trends and Opportunities
6.3.2. Growth Prospects
6.3.3. Geographic Lucrativeness
6.4. System-in-Package
6.4.1. Market Trends and Opportunities
6.4.2. Growth Prospects
6.4.3. Geographic Lucrativeness
6.5. Others
6.5.1. Market Trends and Opportunities
6.5.2. Growth Prospects
6.5.3. Geographic Lucrativeness
7. ARTIFICIAL INTELLIGENCE (AI) PROCESSOR MARKET, BY PROCESSING TYPE
7.1. Introduction
7.2. Cloud
7.2.1. Market Trends and Opportunities
7.2.2. Growth Prospects
7.2.3. Geographic Lucrativeness
7.3. Edge
7.3.1. Market Trends and Opportunities
7.3.2. Growth Prospects
7.3.3. Geographic Lucrativeness
8. ARTIFICIAL INTELLIGENCE (AI) PROCESSOR MARKET, BY INDUSTRY VERTICAL
8.1. Introduction
8.2. BFSI
8.2.1. Market Trends and Opportunities
8.2.2. Growth Prospects
8.2.3. Geographic Lucrativeness
8.3. IT and Telecom
8.3.1. Market Trends and Opportunities
8.3.2. Growth Prospects
8.3.3. Geographic Lucrativeness
8.4. Healthcare
8.4.1. Market Trends and Opportunities
8.4.2. Growth Prospects
8.4.3. Geographic Lucrativeness
8.5. Retail
8.5.1. Market Trends and Opportunities
8.5.2. Growth Prospects
8.5.3. Geographic Lucrativeness
8.6. Media and Entertainment
8.6.1. Market Trends and Opportunities
8.6.2. Growth Prospects
8.6.3. Geographic Lucrativeness
8.7. Others
8.7.1. Market Trends and Opportunities
8.7.2. Growth Prospects
8.7.3. Geographic Lucrativeness
9. ARTIFICIAL INTELLIGENCE (AI) PROCESSOR MARKET, BY GEOGRAPHY
9.1. Introduction
9.2. North America
9.2.1. By Processor Type
9.2.2. By Technology
9.2.3. By Processing Type
9.2.4. By Industry Vertical
9.2.5. By Country
9.2.5.1. USA
9.2.5.1.1. Market Trends and Opportunities
9.2.5.1.2. Growth Prospects
9.2.5.2. Canada
9.2.5.2.1. Market Trends and Opportunities
9.2.5.2.2. Growth Prospects
9.2.5.3. Mexico
9.2.5.3.1. Market Trends and Opportunities
9.2.5.3.2. Growth Prospects
9.3. South America
9.3.1. By Processor Type
9.3.2. By Technology
9.3.3. By Processing Type
9.3.4. By Industry Vertical
9.3.5. By Country
9.3.5.1. Brazil
9.3.5.1.1. Market Trends and Opportunities
9.3.5.1.2. Growth Prospects
9.3.5.2. Argentina
9.3.5.2.1. Market Trends and Opportunities
9.3.5.2.2. Growth Prospects
9.3.5.3. Others
9.3.5.3.1. Market Trends and Opportunities
9.3.5.3.2. Growth Prospects
9.4. Europe
9.4.1. By Processor Type
9.4.2. By Technology
9.4.3. By Processing Type
9.4.4. By Industry Vertical
9.4.5. By Country
9.4.5.1. Germany
9.4.5.1.1. Market Trends and Opportunities
9.4.5.1.2. Growth Prospects
9.4.5.2. France
9.4.5.2.1. Market Trends and Opportunities
9.4.5.2.2. Growth Prospects
9.4.5.3. United Kingdom
9.4.5.3.1. Market Trends and Opportunities
9.4.5.3.2. Growth Prospects
9.4.5.4. Spain
9.4.5.4.1. Market Trends and Opportunities
9.4.5.4.2. Growth Prospects
9.4.5.5. Others
9.4.5.5.1. Market Trends and Opportunities
9.4.5.5.2. Growth Prospects
9.5. Middle East and Africa
9.5.1. By Processor Type
9.5.2. By Technology
9.5.3. By Processing Type
9.5.4. By Industry Vertical
9.5.5. By Country
9.5.5.1. Saudi Arabia
9.5.5.1.1. Market Trends and Opportunities
9.5.5.1.2. Growth Prospects
9.5.5.2. UAE
9.5.5.2.1. Market Trends and Opportunities
9.5.5.2.2. Growth Prospects
9.5.5.3. Israel
9.5.5.3.1. Market Trends and Opportunities
9.5.5.3.2. Growth Prospects
9.5.5.4. Others
9.5.5.4.1. Market Trends and Opportunities
9.5.5.4.2. Growth Prospects
9.6. Asia Pacific
9.6.1. By Processor Type
9.6.2. By Technology
9.6.3. By Processing Type
9.6.4. By Industry Vertical
9.6.5. By Country
9.6.5.1. China
9.6.5.1.1. Market Trends and Opportunities
9.6.5.1.2. Growth Prospects
9.6.5.2. Japan
9.6.5.2.1. Market Trends and Opportunities
9.6.5.2.2. Growth Prospects
9.6.5.3. South Korea
9.6.5.3.1. Market Trends and Opportunities
9.6.5.3.2. Growth Prospects
9.6.5.4. India
9.6.5.4.1. Market Trends and Opportunities
9.6.5.4.2. Growth Prospects
9.6.5.5. Thailand
9.6.5.5.1. Market Trends and Opportunities
9.6.5.5.2. Growth Prospects
9.6.5.6. Indonesia
9.6.5.6.1. Market Trends and Opportunities
9.6.5.6.2. Growth Prospects
9.6.5.7. Taiwan
9.6.5.7.1. Market Trends and Opportunities
9.6.5.7.2. Growth Prospects
9.6.5.8. Others
9.6.5.8.1. Market Trends and Opportunities
9.6.5.8.2. Growth Prospects
10. COMPETITIVE ENVIRONMENT AND ANALYSIS
10.1. Major Players and Strategy Analysis
10.2. Market Share Analysis
10.3. Mergers, Acquisitions, Agreements, and Collaborations
10.4. Competitive Dashboard
11. COMPANY PROFILES
11.1. Apple Inc.
11.2. Huawei Technologies Co., Ltd.
11.3. MediaTek Inc.
11.4. SAMSUNG
11.5. Qualcomm Technologies, Inc.
11.6. Intel Corporation
11.7. NVIDIA Corporation
11.8. Advanced Micro Devices, Inc
11.9. IBM
11.10. LG Electronics
Apple Inc.
Huawei Technologies Co., Ltd.
SAMSUNG
Qualcomm Technologies, Inc.
Intel Corporation
NVIDIA Corporation
Advanced Micro Devices, Inc
IBM
LG Electronics
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