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Artificial Intelligence (AI) Chip Market Size to Grow USD 263.6 Billion by 2031, growing at a CAGR of 37.1% | Valuates ReportsBANGALORE, India, March 28, 2023 /PRNewswire/ -- The Global AI Chip Market is Segmented by by Chip Type (GPU, ASIC, FPGA, CPU, Others), by Processing Type (Edge, Cloud), by Technology (System On Chip, System in Package, Multi Chip Module, Others), by Application (Nature Language Processing, Robotics, Computer Vision, Network Security, Others), by Industry Vertical (Media and Advertising, BFSI, IT and Telecom, Retail, Healthcare, Automotive and Transportation, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031.  The global artificial intelligence chip market was valued at USD 11.2 billion in 2021 and is projected to reach USD 263.6 billion by 2031, growing at a CAGR of 37.1% from 2022 to 2031. Major Factors Driving the Growth of the AI Chip Market: Artificial intelligence chip market expansion is impacted by ongoing technical developments as well as a rise in demand for artificial intelligence processors and brain chip solutions. The worldwide AI chip industry is expanding significantly due to the introduction of quantum computing and the spike in the use of AI chips in robotics. Additionally, it is projected that the development of autonomous robotics will present AI Chip market expansion prospects. AI chips are undoubtedly special and designed to process and carry out incredibly complicated and dynamic activities in a manner similar to how our human brains do. Made-for-AI chips, as opposed to general-purpose processors, have AI-optimized characteristics that can significantly speed up calculations and computational activities needed by AI algorithms. Download Free Sample Report: https://reports.valuates.com/request/sample/ALLI-Auto-0R206/_Artificial_Intelligence_Chip_Market TRENDS INFLUENCING THE GROWTH OF THE AI CHIP MARKET Together with conventional CPUs and GPUs, small AI chips are also available for use in automation systems and devices like smartphones. These chips can more effectively and power-efficiently carry out activities like speech recognition. For training and inference of AI algorithms, AI chips are tens or even thousands of times faster and more effective than CPUs. Modern AI processors have a far lower cost of ownership than modern CPUs due to the improved efficiency of AI algorithms. AI chips are undoubtedly special and designed to process and carry out incredibly complicated and dynamic activities in a manner similar to how our human brains do. Made-for-AI chips, as opposed to general-purpose processors, have AI-optimized characteristics that can significantly speed up calculations and computational activities needed by AI algorithms. This factor is expected to drive the growth of the AI chip market. In order to forecast unidentified adverse drug occurrences and drug-drug interactions, CHIP researchers have created cutting-edge network-based models. This predictive approach can spot potential medication safety problems years before they arise, rather than waiting for adequate post-marketing evidence to gather. This factor is expected to drive the growth of the AI chip market. With higher-resolution cameras than those now used in automotive applications, its real-time operation and excellent performance enable it to deliver precise information up to 300 m. Its ML models are able to locate and gauge the distance between items in a video in addition to identifying them in the frame. Using AI models for transportation analytics helps to reduce the effects of driving dangers in congested metropolitan locations while also keeping track of safety rule compliance and vehicle maintenance reports. This is significantly more than simply reducing the number of human errors in the artificial intelligence chip market. View Full Report: https://reports.valuates.com/market-reports/ALLI-Auto-0R206/artificial-intelligence-chip AI CHIP MARKET SHARE Between 2022 and 2031, Asia-Pacific has the greatest CAGR of 40.9%. China dominates the artificial intelligence chip market in the Asia-Pacific region thanks to the presence of significant manufacturers and the country's access to cutting-edge manufacturing infrastructure. A significant increase in investment by major companies and government organizations in semiconductor research and chip startup development, to support smart infrastructure across industrial and manufacturing sectors, is also expected to make Australia a significant market for the artificial intelligence chip industry. Download Regional Report: https://reports.valuates.com/request/regional/ALLI-Auto-0R206/_Artificial_Intelligence_Chip_Market Key Companies:
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SIMILAR REPORTS: - Deep Learning Chipset market was valued at USD 2354.6 million in 2020 and it is expected to reach USD 21440 million by the end of 2027, growing at a CAGR of 37.1% during 2021-2027. - Edge Artificial Intelligence (AI) Chip market size is estimated to be worth US$ 2403.4 million in 2022 and is forecast to a readjusted size of US$ 5780.4 million by 2028 with a CAGR of 15.8% during the review period. - GPU market size was valued at USD 19.75 billion in 2019 and is projected to reach USD 200.85 billion by 2027, growing at a CAGR of 33.6% from 2020 to 2027. - Due to the COVID-19 pandemic, the global Application Specific Integrated Circuit (ASIC) market size is estimated to be worth USD 16690 million in 2021 and is forecast to a readjusted size of USD 16690 million by 2028 with a CAGR of 8.2% during the review period. - FPGA Security Market Research Report 2023 - Due to the COVID-19 pandemic, the global Edge Artificial Intelligence (AI) Chip market size is estimated to be worth USD 2403.4 million in 2022 and is forecast to a readjusted size of USD 5780.4 million by 2028 with a CAGR of 15.8% during the review period. - Cloud AI Chip Market Research Report - System on Chip (SoC) Market Research Report 2023 - The global system in package (SiP) technology market size was valued at USD 14.77 billion in 2020, and is projected to reach USD 34.15 billion by 2030, registering a CAGR of 9.7% from 2021 to 2030. - Multi Chip Module Packaging Market - The Global Natural Language Processing (NLP) market size is projected to reach USD 3081.5 million by 2028, from USD 843 million in 2021, at a CAGR of 20.1% during 2022-2028. - The global Computer Vision market size is projected to reach USD 13380 million by 2028, from USD 8720 million in 2021, at a CAGR of 6.2% during 2022-2028. - The global network security market size was valued at USD 18,480 million in 2019, and is projected to reach USD 63,398 million by 2027, registering a CAGR of 16.7% from 2020 to 2027. - The global Brain-like Computing Chip market size is projected to reach USD 1436 million by 2028, from USD 13 million in 2021, at a CAGR of 94.7% during 2022-2028. - AI Audio and Video Chip Market - The global Artificial Intelligence in Manufacturing and Supply Chain market size is projected to reach USD 7671.9 million by 2028, from USD 826 million in 2021, at a CAGR of 36.9% during 2022-2028. - Artificial Intelligence (AI) in Security Market - The global Artificial Intelligence in Manufacturing market was valued at USD 3891.4 Million in 2022 and is anticipated to reach USD 43100 Million by 2029, witnessing a CAGR of 49.3% during the forecast period 2023-2029. - The global edge AI hardware market size was valued at USD 6.88 billion in 2020, and is projected to reach USD 38.87 billion by 2030, registering a CAGR of 18.8% from 2021 to 2030. - The global conversational AI market size was valued at USD 5.78 billion in 2020 and is projected to reach USD 32.62 billion by 2030, registering a Compound Annual Growth Rate (CAGR) of 20.0% from 2021 to 2030. - The global AI In Telecommunication market was valued at USD 2482 million in 2022 and is anticipated to reach USD 19170 million by 2029, witnessing a CAGR of 40.6% during the forecast period 2023-2029. - The global Artificial Intelligence (AI) Chipset market was valued at USD 8451.7 million in 2022 and is anticipated to reach USD 22360 million by 2029, witnessing a CAGR of 17.6% during the forecast period 2023-2029. - The global Chip Mounter market size is estimated to be worth USD 4387.1 million in 2022 and is projected to reach USD 5531.9 million by 2028 with a CAGR of 3.9% during the review period. - The global artificial intelligence market size was valued at USD 65.48 billion in 2020, and is projected to reach USD 1,581.70 billion by 2030, growing at a CAGR of 38.0% from 2021 to 2030. - The global market for Machine Translation estimated at USD 817.5 million in the year 2022, is projected to reach a revised size of USD 1627.5 million by 2028, growing at a CAGR of 12.2% during the forecast period 2022-2028. - Mobile Credential Reader (NFC and BLE) Market - The global AI Governance market size is projected to reach USD 116.3 million by 2028, from USD 23 million in 2021, at a CAGR of 25.1% during 2022-2028. 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