Artificial Intelligence (AI) Chip Market Size Analysis and Top Companies
The global artificial intelligence (AI) chip market size is estimated at to hit around USD 719.75 billion by 2033 from USD 73.27 billion in 2024 with a CAGR of 28.90% from 2024 tpo 2033. The top companies operating in the artificial intelligence (AI) chip market are NVIDIA Corporation, General Vision Inc., Amazon Web Services, Google Inc., Microsoft Corporation, Advanced Micro Devices Inc. and Others.
Market Scope
| Report Coverage |
Details |
| Market Size in 2024 |
USD 73.27 Billion |
| Market Size by 2034 |
USD 927.76 Billion |
| Growth Rate from 2024 to 2034 |
CAGR of 28.90% |
| Largest Market |
North America |
| Fastest Growing Market |
Europe |
| Base Year |
2023 |
| Forecast Period |
2024 to 2034 |
| Segments Covered |
By Technology, By Chip Type, By Processing Type, By Function and By End-Users |
| Regions Covered |
North America, Europe, Asia-Pacific, Latin America and Middle East & Africa |
Artificial Intelligence (AI) Chip Market Companies
Recent Developments
- In January 2023, Perceive AI launched its second-edge Artificial Intelligence (AI) chip for low-power applications. The company stated that this edge chip is four times faster than the first-generation edge chip that offers low power and high performance.
- In January 2023, American multinational company AMD unveiled a series of x86-based chips containing an onboard dedicated AI engine. It is developed for laptops that have 25 billion trans, and the chip will be available in laptops from March 2023.
- In December 2022, Axelera AI launched a combined platform that uses its Metis AI Processing Unit (AIPU) Chip, RISC-V Controller and Voyager SDK Software Stack. The newly launched Metis platform is available to accelerate computer vision processing at the edge.
- In December 2022, Taiwan based, a leading company in the global AI chip market, Advanced Video Systems, launched a smart AI+AHD chip module for security cameras.
- In December 2022, California-based chip start-up, EnCharge AI, raised $21.7 million to commercialize computing technology designed to run AI-based applications.
- In May 2022, Intel Corporation launched an artificial intelligence (AI) chip called Greco for inference roles. The chip offers roles for making predictions and identifying objects.
- In September 2022, the global market leader NVIDIA launched a graphic chip that utilizes enhanced AI to create realistic images in video games.
- In August 2022, a globally leading company, Intel, collaborated with Able, a cloud-based solution provider. This collaboration aims to leverage artificial intelligence to deliver rapid business operations, and this strategic collaboration includes engineering optimizations.
We have prepared a service to support you. please feel free to contact us at sales@precedenceresearch.com | +1 804 441 9344
