The latest research study “Machine Learning Chip Market Analysis: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global machine learning chip market reached a value of US$ 5.86 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 33.02 Billion by 2027 exhibiting a CAGR of 31.20% during 2022-2027.
Covid-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Industry Definition and Application:
Machine learning (ML) represents a part of artificial intelligence (AI) that operates on experiential learning instead of programming for making decisions. ML chips are installed to improve intellectual property cores as well as design and tool flows. In addition to this, they assist in automating the tuning and routing of devices to enhance the power, performance, and area (PPA) results via ML, analytics, and optimization. The hardware infrastructure of these chips generally consists of three components, networking, storage, computing, etc. Some of the common ML chips include application-specific integrated circuits (ASICs), field-programmable gate arrays (FPGAs), graphics processing units (GPUs), etc. They are utilized for error prevention and cost-saving purposes across various industries, such as automotive, media and advertising, manufacturing, transportation, finance, etc.
Global Machine Learning Chip Market Trends and Drivers:
The widespread adoption of AI in numerous industry verticals and the introduction of quantum computing are primarily driving the machine learning chip market. Additionally, the expanding gaming industry has led to a shift from central processing units (CPUs) towards graphics processing units (GPUs) for simultaneously performing several complex tasks, which is further catalyzing the market growth. Besides this, the inflating popularity of smart infrastructures in corporate organizations is acting as another significant growth-inducing factor. Moreover, the growing number of machine learning (ML) applications is also positively influencing the global market. Apart from this, the development of human-like robots to reduce human intervention and errors are anticipated to fuel the machine learning chip market over the forecasted period.
| Machine Learning Chip Market Report Scope | |
| Report Coverage | Details |
| Market size value in 2021 | US$ 5.86 Billion |
| Market forecast in 2027 | US$ 33.02 Million |
| Growth Rate | CAGR of 31.20% from 2022 to 2027 |
| Base year for estimation | 2021 |
| Historical data | 2016-2021 |
| Forecast period | 2022-2027 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Technology, Chip Type, Industry Vertical and Region |
| Regional scope | North America, Europe, Asia-Pacific, Latin America, Middle East and Africa |
| Key companies profiled | Advanced Micro Devices Inc., Amazon Web Services Inc. (Amazon.com Inc.), Cerebras Inc., Google LLC, Graphcore, Intel Corporation, International Business Machines Corporation, NVIDIA Corporation, Qualcomm Incorporated, Samsung Electronics Co. Ltd. and Taiwan Semiconductor Manufacturing Company Limited. |
| Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
| Customization preview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Technology:
- System-on-Chip (SoC)
- System-in-Package
- Multi-chip Module
- Others
Breakup by Chip Type:
- GPU
- ASIC
- FPGA
- CPU
- Others
Breakup by Industry Vertical:
- BFSI
- IT and Telecom
- Media and Advertising
- Retail
- Healthcare
- Automotive
- Others
By Geography:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
List of Major Key Players:
The major players in the market are Advanced Micro Devices Inc., Amazon Web Services Inc. (Amazon.com Inc.), Cerebras Inc., Google LLC, Graphcore, Intel Corporation, International Business Machines Corporation, NVIDIA Corporation, Qualcomm Incorporated, Samsung Electronics Co. Ltd. and Taiwan Semiconductor Manufacturing Company Limited.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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List of Tables
Table 1: Global: Machine Learning Chip Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Machine Learning Chip Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 3: Global: Machine Learning Chip Market Forecast: Breakup by Chip Type (in Million US$), 2022-2027
Table 4: Global: Machine Learning Chip Market Forecast: Breakup by Industry Vertical (in Million US$), 2022-2027
Table 5: Global: Machine Learning Chip Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Machine Learning Chip Market: Competitive Structure
Table 7: Global: Machine Learning Chip Market: Key Players
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