AI Chipset Market Size Worth $59.2 Billion by 2025
The global artificial intelligence chipset market size is expected to reach USD 59.2 billion by 2025, according to a new report by Grand View Research, Inc. The artificial intelligence (AI) chipset market is anticipated to expand at a CAGR of 33.6% from 2019 to 2025.
An Artificial Intelligence chipset is built on the concept of adding a dedicated component in an electronic device, to execute Machine Learning tasks. In addition, an increased amount of data has led to the need for high-speed processors and faster computing, which is addressed by incorporating Artificial Intelligence into the set of electronic components.
For instance, Apple has implemented a neural engine in its A11 Bionic chip’s GPU to speed-up the third-party applications. With the growing implementation of AI in smartphones and other smart devices, the growth in the market has been boosted.
With the rise in Artificial Intelligence applications ranging from smartphones to the automobile industry, the adoption of AI-enabled chipsets has been noted considerably. In addition, the adoption of smart homes and smart cities is directly influencing the AI chipset market’s growth by providing numerous opportunities. High demand in high-speed processors due to increased data complexity is one of the major factors driving the growth of the market.
Artificial Intelligence chipset is being adopted rapidly in the consumer electronics industry owing to the rising demand for faster processors. New types of hardware/semiconductor accelerators are being introduced with the rapid evolution in Artificial Intelligence with Machine Learning and Deep Learning.
AI has been introduced to almost every industry and majorly in consumer electronics, which has come up with numerous opportunities in the semiconductors industry. Growing demand for faster computing processors with reduced operational and maintenance costs has certainly boosted the AI chipset market growth.
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