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Artificial Intelligence (AI) Chipsets Market to Exhibit an Exceptional CAGR of 38.9% by 2027; Implementation of Risk Management Solutions to Intensify Development, states Fortune Business Insights(TM)

GlobeNewswire - Fri Jul 16, 4:02AM CDT

The global artificial intelligence (AI) chipsets market size is expected to reach USD 108.85 billion by 2027, exhibiting a CAGR of 38.9% during the forecast period. The increasing implementation of 3D technology along with neural networks & deep learning technologies will promote the healthy growth of the market during the forecast period, states Fortune Business Insights, in a report, titled "Artificial Intelligence (AI) Chipsets Market Size, Share & COVID-19 Impact Analysis, By Chipset Type (Graphics Processing Unit (GPU), Field Programmable Gate Arrays (FPGAs), Application-specific Integrated Circuit (ASIC) and Others), By Application (Natural Language Processing (NLP), Robotic Process Automation (RPA), Machine Learning, Computer Vision and Others), By Computing Technology (Cloud Computing and Edge Computing), By Function (Training and Inference), By Industry (Consumer Electronics, Healthcare, BFSI, IT & Telecom, Manufacturing, Automotive, Retail, and Others), and Regional Forecast, 2020-2027." The market size stood at USD 8.14 billion in 2019.

The whole world is battling with the novel coronavirus, leaving numerous industries distraught. The authorities of several countries have initiated lockdown to prevent the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly.

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The report on AI Chipsets Market accentuates:

-- All-inclusive analysis of the AI Chipsets Market

-- Dynamic insights into the segments

-- Extensive data about dominant regions

-- Key information about prominent players

-- Latest developments

-- AI Chipsets Market drivers and restraints

-- COVID-19 Influence

Regional Analysis:

Emergence of Startup Companies to Propel Market in Asia Pacific

Asia Pacific is expected to dominate the global Artificial Intelligence (AI) Chipsets Market owing to the developing economies such as South Korea, India, China. The growing acceptance of AI-based solutions will foster healthy growth of the market in the region. The government of Singapore has created an AI Ethics Advisory Council as a part of its AI Strategy to deploy AI applications across various industries in 2018.

The strong startup ecosystem is expected to further drive the market in Asia Pacific. Europe is expected to hold the largest share in the global market owing to the presence of AI solution providers in the European countries. The growing focus on R&D investments coupled with the adoption of AI technologies will consequently bolster the growth of the market in Europe. The Middle East and Africa is expected to grow rapidly during the forecast period owing to the smart city initiatives in the region.

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Popularity of AI-based Solutions to Boost Market During Coronavirus

The production of AI chipsets has been greatly affected by the coronavirus. According to the index of industrial production (IIP) data, in 2020, the manufacturing sector production registered a decline of 11.1% in July, as covid-19 lockdown slows down the manufacturing process.

However, the demand for such chipsets has improved immensely during the pandemic because of the adoption of AI among various industries. Various industries such as automotive, manufacturing, and others have implemented AI solutions to ease up processes. Besides, the focus on advanced AI-based solutions by prominent players will aid the market amid coronavirus. For instance, in May 2020, Nvidia Corporation expanded its EGX Edge AI platform by introducing new products called the EGX Jetson Xavier NX and EGX A100.

AI Chipset Market Report Scope and segmentation:

Report Coverage                   Details
Forecast Period                   2020 to 2027
Forecast Period 2021 to 2028 CAGR 38.9%
2027 Value Projection             USD 108.85 Billion
Base Year                         2019
Market Size in 2019               USD 8.14 Billion
Historical Data for               2016 to 2018
No. of Pages                      160
Segments covered                  Chipset Type, Application, Computing technology, Function, Industry
Growth Drivers                    Popularity of AI-based Solutions to Boost Market During Coronavirus
                                  Rapid Digital Transformation to Drive CRM Market Growth
                                  Emergence of Startup Companies to Propel Market in Asia Pacific
Pitfalls & Challenges             Lack of Skilled AI Workforce to Inhibiting the Market

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Key Development:

July 2019: MediaTek Inc. announced the launch of its new AI chipset - "MTK i700" that is featured with high-speed edge AI computation for rapid image recognition, AR applications, smart homes, stores, and factories, etc.

The Report Lists the Key Companies in the Artificial Intelligence (AI) Chipsets Market:

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Table Of Content:

-- Introduction

    -- Definition, By Segment

    -- Definition, By Segment

    -- Research Methodology/Approach

    -- Data Sources

    -- Key Takeaways

    -- Market Dynamics

      -- Macro and Micro Economic Indicators

      -- Macro and Micro Economic Indicators

      -- Drivers, Restraints, Opportunities and Trends

      -- Impact of COVID-19

        -- Short-term Impact

        -- Short-term Impact

        -- Long-term Impact

        -- Competition Landscape

          -- Business Strategies Adopted by Key Players

          -- Business Strategies Adopted by Key Players

          -- Consolidated SWOT Analysis of Key Players

          -- Porter's Five Force Analysis

          -- Global Artificial Intelligence (AI) Chipsets Market Share Analysis and Matrix, 2019

          -- Key Market Insights and Strategic Recommendations

          -- Profiles of Key Players (Would be provided for 10 players only)

            -- Overview

              -- Key Management

              -- Overview

                -- Key Management

                -- Key Management

                -- Headquarters etc.

                -- Offerings/Business Segments

                -- Key Details (Key details are subjected to data availability in public domain and/or on paid databases)

                  -- Employee Size

                  -- Employee Size

                  -- Key Financials

                  -- Past and Current Revenue

                  -- Past and Current Revenue

                  -- Gross Margin

                  -- Geographical Share

                  -- Business Segment Share

                  -- Recent Developments

                  -- Primary Interview Responses

                  -- Annexure / Appendix

                    -- Global Artificial Intelligence (AI) Chipset Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027

                      -- By Chipset Type (Value)

                      -- Graphics Processing Unit (GPU)

                      -- Global Artificial Intelligence (AI) Chipset Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027

                        -- By Chipset Type (Value)

                        -- Graphics Processing Unit (GPU)

                        -- By Chipset Type (Value)

                        -- Graphics Processing Unit (GPU)

                        -- Graphics Processing Unit (GPU)

                        -- Field Programmable Gate Arrays (FPGAs)

                        -- Application-specific Integrated Circuit (ASIC)

                        -- Others (Central Processing Unit (CPU), etc.)

                        -- By Application (Value)

                        -- Natural Language Processing (NLP)

                        -- Natural Language Processing (NLP)

                        -- Robotic Process Automation (RPA)

                        -- Machine Learning

                        -- Computer Vision

                        -- Others (Context-aware Computing, etc.)

                        -- By Computing Technology (Value)

                        -- Cloud Computing

                        -- Cloud Computing

                        -- Edge Computing

                        -- By Function (Value)

                        -- Training

                        -- Training

                        -- Inference

                        -- By Industry (Value)

                        -- Consumer Electronics

                        -- Consumer Electronics

                        -- Healthcare

                        -- BFSI

                        -- IT & Telecom

                        -- Manufacturing

                        -- Automotive

                        -- Retail

                        -- Others (Government, etc.)

                        -- By Region (Value)

                        -- North America

                        -- North America

                        -- South America

                        -- Europe

                        -- Middle East & Africa

                        -- Asia Pacific

                        TOC Continued...!

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                        Fortune Business Insights(TM) delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

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                        Read Press Release https://www.fortunebusinessinsights.com/press-release/global-artificial-intelligence-ai-chipsets-market-10357

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