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Artificial Intelligence Chip Market Trends 2023–2028: Outlook, Value & Key Companies

  • Writer: Amit Kumar
    Amit Kumar
  • Jul 24
  • 5 min read
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Market Size, Growth & Valuation (2023-30)

Artificial Intelligence Chip Market size was valued at USD 15.23 billion in 2022 & is estimated to grow at a CAGR of around 37.89% during the forecast period, i.e., 2023-28.

✅In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

Artificial Intelligence Chip Market Structure – Segmentation & Geography

By Chip Type

  • Graphical Processing Unit (GPU) - Market Size & Forecast 2018-2028F, USD Million

  • Central Processing Unit (CPU) - Market Size & Forecast 2018-2028F, USD Million

  • Application-Specific Integrated Circuit (ASIC) - Market Size & Forecast 2018-2028F, USD Million

  • Field-Programmable Gate Array (FPGA) - Market Size & Forecast 2018-2028F, USD Million

  • Others (NPUs, TPU) - Market Size & Forecast 2018-2028F, USD Million

By Processing Type

  • Edge - Market Size & Forecast 2018-2028F, USD Million

  • Cloud - Market Size & Forecast 2018-2028F, USD Million

By Technology

  • System-On-Chip (SOC) - Market Size & Forecast 2018-2028F, USD Million

  • System-In-Package (SIP) - Market Size & Forecast 2018-2028F, USD Million

  • Multi-Chip Module- Market Size & Forecast 2018-2028F, USD Million

  • Others (TSV, HBM, etc.)- Market Size & Forecast 2018-2028F, USD Million

By Application

  • Natural Language Processing (NLP)- Market Size & Forecast 2018-2028F, USD Million

  • Robotic Process Automation- Market Size & Forecast 2018-2028F, USD Million

  • Computer Vision- Market Size & Forecast 2018-2028F, USD Million

  • Network Security- Market Size & Forecast 2018-2028F, USD Million

  • Others (Autonomous Systems, Recommendation Systems, etc.)- Market Size & Forecast 2018-2028F, USD Million

all the application that has garnered a substantial demand is Natural Language Processing (NLP) as it serves as the backbone for a multitude of transformative technologies and services across various industries.

By End User

  • BFSI - Market Size & Forecast 2018-2028F, USD Million

  • IT & Telecom- Market Size & Forecast 2018-2028F, USD Million

  • Retail- Market Size & Forecast 2018-2028F, USD Million

  • Healthcare- Market Size & Forecast 2018-2028F, USD Million

  • Manufacturing- Market Size & Forecast 2018-2028F, USD Million

  • Automotive- Market Size & Forecast 2018-2028F, USD Million

  • Energy and Utilities - Market Size & Forecast 2018-2028F, USD Million

  • Others (Media & Entertainment, Logistics, etc.)- Market Size & Forecast 2018-2028F, USD Million

the IT & Telecom sector has registered noteworthy demand for AI chips, as the sector relies on AI chips for data processing, network optimization, cybersecurity, edge computing, and customer service automation.

By Region

  • North America

  • South America

  • Europe

  • The Middle East & Africa

  • Asia-Pacific.

Among them, Asia Pacific region is anticipated to witness an exponential growth rate in the Global Artificial Intelligence Chip Market driven by the surging expansion of end-user industries in the region.

Key Growth Trends (2023-2028)

Specialized AI Chips for Deep Learning Inference is a growing Trend in the AI Chips Market – In the Global Artificial Intelligence Chip Market, chip manufacturers are showcasing a notable trend of developing specialized AI chips tailored to specific applications. These custom-designed chips find utility in various industries, spanning automotive, healthcare, and retail. A crucial facet of this trend involves the introduction of AI chips dedicated to deep learning inference, driven by the escalating demand for highly efficient and specialized hardware capable of managing the computational demands of deep neural networks (DNNs). For instance,

  • In 2023, IBM made a significant stride by unveiling a cutting-edge mixed-signal analog AI chip engineered to address diverse DNN inference tasks. Fabricated at IBM's Albany NanoTech Complex, this chip incorporates 64 analog in-memory compute cores, each equipped with a 256-by-256 crossbar array of synaptic unit cells.

Deep learning, within the domain of machine learning, constitutes the foundation for numerous AI applications, which empowers intricate functions like natural language processing, computer vision, and voice recognition. This trend signifies a substantial evolution in AI chip technology, marked by the meticulous optimization of chip architecture to accommodate the specialized operations of deep neural networks (DNNs).

Research Methodology

MarkNtel Advisors employs a thorough and iterative research methodology to enhance accuracy in market estimates. Our process combines bottom-up and top-down approaches, focusing on data triangulation for validation. It includes defining research objectives, selecting representative samples, and collecting data through surveys and interviews. Post-collection, we analyze and validate the data using statistical tools, ensuring reliability. Finally, we forecast market trends through predictive modeling, compiling our insights into detailed reports with charts and strategic recommendations for informed decision-making.

Competitive Analysis Framework

The Artificial Intelligence Chip industry is moderately fragmented, with key players focusing on technological advancements and strategic partnerships. A detailed competitive analysis helps businesses benchmark against industry leaders and identify growth opportunities.

Leading Artificial Intelligence Chip Companies are:

  • NVIDIA Corporation

  • Intel Corporation

  • Advanced Micro Devices, Inc.

  • Micron Technology

  • QualcommTechnologies , Inc.

  • IBM Corporation

  • Google LLC

  • Microsoft Corporation

  • Amazon Web Services, Inc.

  • General Vision Inc.

  • Huawei Technologies Co., Ltd.

  • Graphcore

  • Baidu, Inc

  • Samsung


(Need global, regional or country-specific data? We can tailor research to your exact requirements)

Key Questions Answered in This Report:

  1. What is the current market size of Artificial Intelligence Chip, and what growth rate is projected by 2028?

  2. Which key trends are driving Artificial Intelligence Chip market expansion in the next five years?

  3. How does market segmentation impact industry dynamics?

  4. Which geographic regions offer the highest growth potential?

  5. What are the primary challenges hindering Artificial Intelligence Chip industry growth?

  6. How do regulatory policies influence market development?

  7. What are the latest technological advancements impacting the sector?

  8. Who are the leading Artificial Intelligence Chip companies, and what are their market shares?

  9. What strategies are top competitors adopting to maintain dominance?

  10. What are the emerging niche segments with high growth potential?

  11. How do macroeconomic factors affect market performance?

  12. What are the investment opportunities for new entrants?

  13. How does pricing strategy vary across different market segments?

  14. What are the future innovation trends expected in this industry?

Other Report:

About Us – MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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