According to the latest research report titled ‘Global Artificial Intelligence Chip Market Analysis, 2020’, available with Market Study Report, worldwide artificial intelligence chip industry is expected to undergo a remunerative period, registering a hefty CAGR of 43% over 2020-2026.
 

Rising investment towards R&D of smarter robots by technological giants, increasing penetration of AI technology in developing nations, and growing inclination towards utilizing deep learning and neural network technologies are fostering global artificial intelligence chip industry growth. Moreover, upsurge in demand for artificial intelligence solutions particularly from IT & telecom, BFSI, and automotive industries are positively impacting the business landscape, cites the study.
 

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Based on end-user spectrum, global artificial intelligence chip market is fragmented into data center, BFSI, media & advertisement, automotive, IT & telecom, healthcare, retail, and others. Industry experts claim that automotive segment will continue show a positive growth trend in the upcoming years. This can be ascribed to growing focus of automakers and technology providers towards autonomous driving along with rising integration of AI technologies by leading manufacturers for improved power efficiency and high power output.
 

Meanwhile, healthcare segment is picking up pace owing to rising implementation of AI in medical imaging, medical instruments, drug discovery, genomics, and smart hospitals.
 

The research literature on global artificial intelligence chip market also houses a meticulous examination of other industry segments, including chip type, technology type, processing type, application scope, and regional bifurcation.
 

In terms of chip type, the industry is divided into central processing unit (CPU), graphical processing unit (GPU), field programmable integrated circuit (ASIC), application-specific integrated circuit (ASIC), and others (NPU, etc.).
 

Considering technology type, the market is categorized into system-on-chip (SOC), multi-chip module, system-in-package (SIP), and others (TSV,etc.) With respect to processing type, the industry is split into cloud and edge. Moving to application scope, natural language processing, computer vision, robotic process automation, and network security are the key segments covered in global artificial intelligence chip market report.
 

From a regional frame of reference, the industry size spans across North America, South America, Asia Pacific, Europe, and Middle East & Africa.
 

Speaking of the competitive arena, Huawei Technologies Co., Ltd., Mellanox Technologies Ltd., Graphcore, General Vision, Inc., Advanced Micro Devices, Inc., Amazon Web Services, Inc., Microsoft Crop., Google LLC, IBM Corp., Qualcomm, Inc., Micron Technology, Inc., Samsung Electronics Co., Ltd., Xilinx, Inc., Intel Corp., and Nvidia Corp are the top-tier players in global artificial intelligence chip industry sphere.