ARTIFICIAL INTELLIGENCE IN HARDWARE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Rising demand for AI chips in smart wearables, smartphones and other consumer electronics can boost the need for specialized AI hardware. AI chipsets are able to process huge volumes of data much more efficiently than generic CPU and GPU systems. These perform complex deep learning and neural network-based computations at significantly faster speeds using less power. Various companies have been designing and developing application-specific integrated circuits (ASICs) and system on chips (SoCs) customized for handling AI workloads. Growing adoption of AI across industries for applications like image recognition, natural language processing, and others can boost demand for AI in hardware.

Market Dynamics:

Global artificial intelligence in hardware market growth is driven by factors like rising implementation of AI in consumer electronics, increasing focus on developing human-centric AI and growing investments by companies in AI chip startups. However, high initial investments requirements for development of AI hardware and scarcity of experts can hamper the market growth. Advancements in technology like edge computing and 5G networks can create new opportunities. Edge devices with integrated AI capabilities enables real-time data analytics and low latency processing for applications in IoT, automation and autonomous vehicles. Many established players have also been investing heavily in startups to gain expertise in specialized AI chip technologies.

Key features of the study:

- This report provides in-depth analysis of the global artificial intelligence in hardware market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year

- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

- It profiles key players in the global artificial intelligence in hardware market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies

- Key companies covered as a part of this study include Advanced Micro Devices Inc., Amazon.com, Inc., Apple Inc., Baidu, Inc., Facebook, Inc., Google LLC, H2O.ai, Huawei Technologies Co., Ltd., IBM Corporation, Intel Corporation, Lifegraph, MediaTek Inc., Microsoft Corporation, NVIDIA Corporation, Qualcomm Technologies, Inc.

- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

- Global artificial intelligence in hardware market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global artificial intelligence in hardware market

Detailed Segmentation-

• By Type of Hardware Insights (Revenue, USD Bn, 2019 - 2031)
  • AI Processors
  • AI Accelerators
  • AI Chips
  • AI-enabled Servers
• By Application Insights (Revenue, USD Bn, 2019 - 2031)
  • Robotics
  • Automotive
  • Healthcare
  • Consumer Electronics
  • Data Centers
  • Others
• By End-use Industry Insights (Revenue, USD Bn, 2019 - 2031)
  • IT and Telecommunications
  • Manufacturing
  • Retail
  • Automotive
  • Healthcare
  • Others
• Regional Insights (Revenue, USD Bn, 2019 - 2031)
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • North Africa
    • Central Africa
• Key Players Insights
  • Advanced Micro Devices Inc.
  • com, Inc.
  • Apple Inc.
  • Baidu, Inc.
  • Facebook, Inc.
  • Google LLC
  • ai
  • Huawei Technologies Co., Ltd.
  • IBM Corporation
  • Intel Corporation
  • Lifegraph
  • MediaTek Inc.
  • Microsoft Corporation
  • NVIDIA Corporation
  • Qualcomm Technologies, Inc.