Artificial Intelligence Chip Market to Reach $194.9 Bn, Globally, by 2030 at 37.4% CAGR: AMR
PORTLAND, Ore., Jan. 10, 2022 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Artificial Intelligence Chip Market by Chip Type (GPU, ASIC, FPGA, CPU, and Others), Application (Natural Language Processing (NLP), Robotics, Computer Vision, Network Security, and Others), Technology (System-on-chip, System-in-package, Multi-chip Module, and Others), Processing Type (Edge and Cloud), and Industry Vertical (Media & Advertising, BFSI, IT & Telecom, Retail, Healthcare, Automotive & Transportation, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030". As per the report, the global artificial intelligence chip industry was accounted for $8.02 billion in 2020, and is expected to reach $194.9 billion by 2030, growing at a CAGR of 37.4% from 2021 to 2030.
- - Rise in need for smart homes & smart cities, advent of quantum computing, and surge in investments in AI startups drive the growth of the global artificial intelligence chip market.
- As per the report, the global artificial intelligence chip industry was accounted for $8.02 billion in 2020, and is expected to reach $194.9 billion by 2030, growing at a CAGR of 37.4% from 2021 to 2030.
- Rise in need for smart homes & smart cities, advent of quantum computing, and surge in investments in AI startups drive the growth of the global artificial intelligence chip market.
- By chip type, the CPU segment held the largest share in 2020, accounting for nearly two-fifths of the global artificial intelligence chip market, due to ability of CPU to process sequential code.