Artificial Intelligence Chip Market Crosses USD 15.23 billion in 2022, Envisions 37.89% CAGR Surge Up to 2028

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Artificial Intelligence Chip Market Analysis and Insights:

The Artificial Intelligence Chip Market size is estimated to grow at a CAGR of around 37.89% during the forecast period, i.e., 2023-28.

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Artificial Intelligence Chip Market Dynamics

Global Artificial Intelligence Chip Market Opportunity: The Integration of Metaverse Technologies in the Automotive Industry to Provide New Opportunity for the Market Players

Automotive manufacturers are embracing technologies like virtual reality (VR) and augmented reality (AR) to enhance their design and manufacturing processes. These technologies allow for virtual prototyping and testing of new vehicle designs and features in realistic digital environments, which reduces the need for physical prototypes. Owing to this, automotive manufacturers such as BMW, Honda, etc., are adopting AR/VR technologies of biggest automotive Metaverse companies such as NVidia, Unity Technologies, etc., for prototyping. For instance,

-In 2022, Mercedes-Benz the company partnered with Nvidia to leverage their Omniverse platform, a VR-enabled collaborative space for 3D design, enhancing the creation of digital twins for vehicle concepts and construction.      

-In 2023, BMW utilized the potential of the widely-discussed Metaverse by developing a digital representation of its upcoming electric vehicle (EV) facility in Hungary. This strategic initiative showcases the application of the Metaverse in substantial manufacturing ventures.

AI chips play a vital role in enabling realistic virtual prototypes, real-time collaboration, digital twins, and efficient manufacturing processes. Hence, the integration of VR and AR technologies in the automotive industry creates fresh opportunities for AI chip manufacturers to generate substantial revenues.      

Artificial Intelligence Chip Market Report Segmentation:

The report has segmented the market into the following categories:

By Chip Type

-Graphical Processing Unit (GPU)

-Central Processing Unit (CPU)

-Application-Specific Integrated Circuit (ASIC)

-Field-Programmable Gate Array (FPGA)

-Others (NPUs, TPU)

By Processing Type

-Edge

-Cloud

By Technology

-System-On-Chip (SOC)

-System-In-Package (SIP)

-Multi-Chip Module

-Others (TSV, HBM, etc.)

By Application

-Natural Language Processing (NLP)

-Robotic Process Automation

-Computer Vision

-Network Security

-Others (Autonomous Systems, Recommendation Systems, etc.)

By End User

-BFSI

-IT & Telecom

-Retail

-Healthcare

-Manufacturing

-Automotive

-Energy and Utilities

-Others (Media & Entertainment, Logistics, etc.)

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Market Divided by Region/Country:

By Region

-North America

-South America

-Europe

-The Middle East & Africa

-Asia-Pacific

Who are the top Companies in the Artificial Intelligence Chip Market?

NVIDIA Corporation, Intel Corporation, Advanced Micro Devices, Inc, Micron Technology, QUALCOMM Technologies, Inc., IBM Corporation, Google LLC, Microsoft Corporation, Amazon Web Services, Inc. , General Vision Inc., Others

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