PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1455686
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1455686
AI Accelerators Chipsets Market size was valued at USD 52,930.54 Million in 2023, expanding at a CAGR of 21.98% from 2024 to 2032.
An AI accelerator, a specialized hardware system, is designed to expedite artificial intelligence tasks such as artificial neural networks, machine learning, robotics, and other data-intensive or sensor-driven applications. The primary advantage of AI accelerator chip hardware is its speed. This article explores the prevalent hardware AI accelerators. A Graphics Processing Unit (GPU), a specialized processor renowned for rapid processing, particularly in image rendering, has emerged as a cornerstone of contemporary supercomputing. Evolving into accelerators, GPUs significantly enhance processes from encryption to networking and AI, catalyzing breakthroughs in gaming and professional graphics.
AI Accelerators Chipsets Market- Market Dynamics
Burgeoning demand for machine learning across automotive, finance, and retail sectors to propel market demand
The burgeoning demand for machine learning across automotive, finance, and retail sectors propels AI technology adoption. Notably, AI chipsets find notable application in the automotive industry, particularly in crafting driverless cars to achieve Level 5 autonomy. AI's integration into consumer electronics, expanding beyond smartphones to encompass automotive applications, presents new opportunities for the semiconductor industry. The escalating need to process ever-increasing data volumes drives growth in the AI chipset market.Furthermore, as AI empowers machines to perform human-like tasks, numerous future opportunities are anticipated. The emphasis on developing human-aware AI systems further propels market expansion. However, challenges such as a shortage of skilled workforce and the absence of standards and protocols hinder market growth. With artificial intelligence gaining traction globally, there is an anticipated surge in demand for Application-Specific Integrated Circuits (ASICs). Companies like Amazon and Google are already bolstering their server silicon endeavors in anticipation of this trend.
AI Accelerators Chipsets Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 21.98% over the forecast period (2024-2032)
Based on chip type segmentation, central processing unit (CPU) was predicted to show maximum market share in the year 2023
Based on Processing type segmentation, cloud was the leading type in 2023
Based on Application segmentation, Natural language processing (NLP) was the leading type in 2023
On the basis of region, North America was the leading revenue generator in 2023
The Global AI Accelerators Chipsets Market is segmented on the basis of Chip type, Processing type, Application, End User, and Region.
The market is divided into five categories based on chip type: graphics processing unit (GPU), application-specific integrated circuit (ASIC), field programmable gate arrays (FPGA), central processing unit (CPU), and others. Among these, the central processing unit (CPU) segment held a significant market share in 2023. A CPU accelerator is a software application designed to enhance program execution by optimizing memory and processing power allocation. This is commonly employed to boost computer speed or enhance performance when running software such as graphics or video editors, as well as computer games. While overclocking one's CPU is an alternative to using a CPU accelerator, it is often more complex and may risk hardware damage.
The market is divided into two categories based on processing type: edge and cloud computing. Among these, the cloud segment dominated the market share in 2023. A Cloud Accelerator creates a secure and operationally efficient cloud environment, enabling businesses to focus on delivering value to their customers. It streamlines cloud adoption, saving businesses time and money.
AI Accelerators Chipsets Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
In the realm of AI accelerator chipsets, companies frequently employ strategies such as partnerships, collaborations, and acquisitions to bolster their market standing and expedite innovation. These collaborative efforts facilitate the consolidation of resources, expertise, and technologies, expediting the development of AI hardware solutions. Collaborations with esteemed research institutions and technology giants provide access to cutting-edge technologies and skilled talent. Acquisitions serve to acquire pivotal technologies or talent, bolstering product offerings. Moreover, strategic alliances with software developers and cloud service providers enable seamless integration and optimization of AI hardware with software platforms, thereby propelling market growth and enhancing competitiveness in this rapidly evolving industry.
In December 2023, Intel launched Gaudi3 AI Accelerator, introduced, a revolutionizing the AI acceleration landscape with its emphasis on generative AI. Fabricated using an advanced 5-nanometer process, Gaudi3 exhibits heightened performance and efficiency compared to its predecessor, Gaudi2.
GLOBAL AI ACCELERATORS CHIPSETS MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
NVIDIA Corporation
Intel Corporation
Qualcomm Technologies Inc.
International Business Machines Corporation
Micron Technology Inc.
Microsoft Corporation
Alphabet Inc. (Google Inc.)
NXP Semiconductors N.V.
Advanced Micro Devices Inc. (AMD)
Graphcore Limited.
Others