DUBLIN--(BUSINESS WIRE )--The "Artificial Intelligence Chip Market by Chip Type, by Application, by Architecture, by Processing Type, by End User - Global Opportunity Analysis and Industry Forecast, 2022-2030" report has been added to ResearchAndMarkets.com's offering.

The Global Artificial Intelligence (AI) Chip Market size was valued to USD 20.77 billion in 2021, and it will elevate to USD 304.09 billion by 2030, with a CAGR of 29.9% from 2022-2030.

Artificial Intelligence Chips are special silicon chips, programmed for machine learning. AI Chips can process vast amount of data, identify the underlying patterns, interpret the trends and utilize the feed to achieve specific goals. AI Chips are multi-functioning and can proficiently manage multiple operations at a time.

The demand for AI Chip is consistently raising due to the increasing adoption of artificial intelligence in almost every industry, in areas such as voice recognition, object detection, medical or military simulation, intelligent routing, and autonomous driving among others. Adoption of artificial intelligence not only reduces the cost of operations, but increases the efficiency or the response time and minimizes the risk to human life at various levels in specific industry verticals.

With the technological advancements the market is switching towards smart devices, smart homes, and smart cities, resulting to a tremendous elevation in the Artificial Intelligence (AI) Chip market. Furthermore, increased investments in AI start-ups along with emergence of quantum computers, are expected to elevate the market growth in future.

Other factors like wide application of AI technology and increase in robotics, catalyze to promote the market growth. However, high development cost and lack of skilled work-force tend to impede the growth of artificial intelligence (AI) chip market over the forecast period.

Moreover, the massive upsurge in research and development, increased use of autonomous robotic at various industry verticals, and high-tech product launches shall create new market-opportunities, fueling-up the growth-rate of artificial intelligence (AI) chip market, over the forecast period.

Global Artificial Intelligence (AI) Chip market - By Chip Type

Global Artificial Intelligence (AI) Chip market - By Application

Global Artificial Intelligence (AI) Chip market - By Architecture

Global Artificial Intelligence (AI) Chip market - By Processing Type

Global Artificial Intelligence (AI) Chip market - By End User

Global Artificial Intelligence (AI) Chip market - By Geography

For more information about this report visit https://www.researchandmarkets.com/r/508z6

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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900