DUBLIN — (BUSINESS WIRE) — July 2, 2018 — The "Artificial Intelligence Chip Market by Chip Type, Industry Vertical, Technology, and Application - Global Opportunity Analysis and Industry Forecast, 2017-2023" report has been added to ResearchAndMarkets.com's offering.
The global artificial intelligence chip market was valued at $661 million in 2016, and is projected to reach at $11,173 million by 2023, growing at a CAGR of 49.5% from 2017 to 2023.
AI is one of the fastest growing technologies over the years. Continuous efforts and developments to manufacture more human-like robots and increase in rate of deployments in developing regions have transformed the overall market.
At present, North America dominates this market, followed by Europe. In 2016, the U.S. dominated the North American market.
The market for AI chip is driven by surge in implementation of AI chips in robotics and emergence of quantum computing. However, lack of skilled labor & other threats are some of the restraints of the market. Nonetheless, the impact of these factors would be minimal due to the introduction of new technologies in the market.
GPU dominated the market in 2016, in terms of revenue. However, the FPGA sub-segment is projected to grow at the highest pace during the forecast period.
Among the industry verticals segment, BFSI dominated the market in terms of spending in 2016 and is projected to continue its dominance during the forecast period.
Companies Mentioned:
- AMD
- Google Inc.
- Intel Corporation
- NVIDIA
- Baidu
- Graphcore
- Qualcomm
- Adapteva
- UC-Davis
- Mythic
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 Artificial Intelligence Chip Market, By Technology
Chapter 5 Artificial Intelligence Chip Market, By Application
Chapter 6 Artificial Intelligence Chip Market, By Geography
Chapter 7 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/znxnbj/global_artificial?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20180702005624/en/
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