Artificial Intelligence Chipsets Market- Emerging Trends & Global Industry Forecast to 2026

Artificial Intelligence Chipsets Market- Emerging Trends & Global Industry Forecast to 2026

A detailed analysis of the artificial intelligence chipsets market is entailed in this research report. The driving forces responsible for propelling the growth graph of this vertical in addition to the regional and competitive trends are mentioned in the study. A comprehensive document comprising details about vital parameters such as the industry ecosystem analysis, market segmentation, and the vendor matrix, the market report also contains information on the pivotal industry insights for core players to look out for.

Artificial Intelligence chipsets market is poised for robust growth on the back of increasing penetration of e-commerce platforms that generate enormous amounts of data. The need for high-speed processors has prevailed owing to a surge in vital user information and data. This has led to the requirement of AI chipsets across various industries. Rise in number of smartphone users have also stimulated AI chipsets demand.

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AI is expected to emerge as a promising technology for smart homes and enterprises. Several companies are leveraging AI and ML chipsets to offer user with exceptional features and experiences. Citing an instance, in May 2019, LG introduced cutting-edge AI chips for consumer electronics to improve user experience.

Robotic Process Automation (RPA) with AI is meanwhile being implemented across autonomous robots, IQ Bots and facial analysis system. Companies worldwide are adopting RPA technology and AI chipsets for developing autonomous robots.

For example, in March 2020, UVD Robots manufactured robots with a powerful shot wavelength UV -C. for being deployed in Chinese hospitals to disinfect patient rooms and operation theatres during the COVID-19 pandemic.

Elaborating on the product segment, Field-Programmable Gate Array (FPGA) chipsets are extensively used in numerous applications due to its high performance, low power requirement, and improved connectivity feature.

The product offers high bandwidth memory and custom parallelism in a real-time interface with an Artificial Intelligence model. Industry participants are developing cutting edge FPGA chips to offer exceptional AI experience to users.

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On the regional front, Europe artificial intelligence chipsets market is expected to record lucrative proceeds, with surging development made in self-driving vehicles. Automakers are developing cutting-edge autonomous vehicles by using AI chipsets to process large amounts of data from cameras and sensors in real-time to facilitate efficient operations.

As per the European Patent Office, patent applications related to autonomous driving has grown 20 times faster as compared to other technologies. With robust advancements in the autonomous vehicle sector, Europe artificial intelligence chipsets market is expected to record 33% CAGR over the forecast period.

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