PUBLISHER: Lucintel | PRODUCT CODE: 1272725
PUBLISHER: Lucintel | PRODUCT CODE: 1272725
The future of the global hardware artificial intelligence market looks promising with opportunities in the banking, financial services and insurance (BFSI), IT and telecommunication, healthcare, media and entertainment, aerospace and defense, manufacturing, automotive, agriculture, retail, energy and utility, and government and public service end use industries. The global hardware artificial intelligence market is expected to reach an estimated $12.3 billion by 2028 with a CAGR of 20.7% from 2023 to 2028. The major drivers for this market are rapidly increasing number of internet users, rising demand for programmable switches and interconnection so as to enhance the speed, and growing adoption of AI and robotics in the end-use industries, such as IT, automotive, healthcare, and manufacturing.
A more than 150-page report is developed to help in your business decisions.
The study includes trends and forecast for the global hardware artificial intelligence market by type, product, technology, end user, and region, as follows:
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, hardware artificial intelligence companies in the global automotive market cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the hardware artificial intelligence companies in the global automotive market profiled in this report include-
Lucintel forecasts that processor will remain the largest segment over the forecast period as it helps in machine learning that consists of deep learning, reinforcement learning supervised, and unsupervised learning.
Within this market, IT and telecommunication will remain the largest end use industry segment from 2023 to 2028 due to increasing adoption of artificial intelligence in the telecom sector as it helps in solving many complex problems associated with the telecommunication industry.
North America will remain the largest region during the forecast period due to increasing computer service industry and growing demand for continuous online learning, real-time data streaming, predictive analysis, and data modeling in countries like US and Canada.
FAQ
Q1. What is the hardware artificial intelligence market size?
Answer: The global hardware artificial intelligence market is expected to reach an estimated $12.3 billion by 2028.
Q2. What is the growth forecast for hardware artificial intelligence market?
Answer: The global hardware artificial intelligence market is expected to grow with a CAGR of 20.7% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the hardware artificial intelligence market?
Answer: The major drivers for this market are rapidly increasing internet users, rising demand for programmable switches and interconnection so as to enhance the speed and growing adoption of AI and robotics in the end-use industries, such as IT, automotive, healthcare, and manufacturing.
Q4. What are the major segments for hardware artificial intelligence market?
Answer: The future of the global hardware artificial intelligence market looks promising with opportunities in the banking, financial services and insurance (BFSI), IT and telecommunication, healthcare, media and entertainment, aerospace and defense, manufacturing, automotive, agriculture, retail, energy and utility, and government and public service markets.
Q4. Who are the key hardware artificial intelligence companies?
Answer: Some of the key hardware artificial intelligence companies are as follows:
Q6. Which hardware artificial intelligence segment will be the largest in future?
Answer:Lucintel forecasts that processor will remain the largest segment over the forecast period as the high-speed computing processor enables machine learning that consists of deep learning, reinforcement learning supervised, and unsupervised learning, and increasing interests of people towards machine learning and computer vision helps to drive the companies to invest in the development of high-speed computing processors.
Q7. In hardware artificial intelligence market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region during the forecast period due to increasing computer service industry and growing demand for continuous online learning, real-time data streaming, predictive analysis, and data modeling in countries, like US and Canada.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.