Artificial Intelligence (AI) Chip Market: Anticipated Growth Trends through 2024-2031 - NVIDIA Corporation, Intel Corporation, Advanced Micro Devices Inc.(AMD).

March 24, 2025By Unknown Author|Source: Openpr.com|Read Time: 3 mins|Share

The global Artificial Intelligence Chip market is projected to see significant growth over the forecast period, with a CAGR of 38.41%. By 2031, the market is estimated to reach a value of US$ 335.02 billion. This growth is indicative of the increasing importance and adoption of AI technologies across various industries. The demand for AI chips is driven by the need for enhanced computing power and efficiency in AI applications. Companies in the AI chip market are focusing on developing innovative solutions to meet the growing demand.

Artificial Intelligence (AI) Chip Market: Anticipated Growth Trends through 2024-2031

The global Artificial Intelligence (AI) Chip market was valued at US$ 25.12 billion in 2022 and is estimated to grow at a CAGR of 38.41% during the forecast period (2024-2031) to reach a value of US$ 335.02 billion in 2031. Artificial Intelligence (AI) Chip Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition.

Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

Key Players in the Artificial Intelligence (AI) Chip Market

List of the Key Players in the Artificial Intelligence (AI) Chip Market include NVIDIA Corporation, Intel Corporation, Advanced Micro Devices Inc.(AMD), MediaTek Inc, Google, Samsung Electronics Co Ltd, Qualcomm Technologies Inc., Alphabet Inc., INTERNATIONAL BUSINESS MACHINES CORPORATION, Cambricon Technologies.

Industry Development

In October 2023, Canadian startup Tenstorrent became a new AI chip customer for Samsung's contract chip manufacturing unit. Tenstorrent develops chips and intellectual property for data centers while also expanding into sectors like automotive, challenging Nvidia's dominance in AI processors.

Growth Forecast Projected

The Global Artificial Intelligence (AI) Chip Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Segment Covered in the Artificial Intelligence (AI) Chip Market

Segments covered in the Artificial Intelligence (AI) Chip Market include Chip types like Graphics Processing Unit (GPU), Application-Specific Integrated Circuit (ASIC), Field-Programmable Gate Array (FPGA), Central Processing Unit (CPU), and others. Processing categories include Cloud, Edge, Technology, System On Chip, System in Package, Multi Chip Module, and others. Applications include Nature Language Processing, Robotics, Computer Vision, Network Security, and others. Industry Verticals comprise Media and Advertising, BFSI, IT and Telecom, Retail, Healthcare, Automotive and Transportation, and others.

Regional Analysis for Artificial Intelligence (AI) Chip Market

The regional analysis of the Artificial Intelligence (AI) Chip Market covers key regions including North America, Europe, Asia Pacific, Middle East and Africa, and South America. This comprehensive breakdown helps identify unique market trends and growth opportunities specific to each area.

Benefits of the Report

The report offers a descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis, and forecast in the global market. It includes top-down and bottom-up approach for regional analysis, Porter's five forces model, and value chain analysis for stakeholders.