Artificial Intelligence (AI) Chip Market Report and Forecast 2025-2034

The global artificial intelligence (AI) chip market size reached approximately USD 19.60 Billion in 2024 . The market is further projected to grow at a CAGR of 28.80% between 2025 and 2034, reaching a value of USD 246.27 Billion by 2034 .

Key Trends in the Market

Artificial intelligence (AI) chip is an integrated circuit designed for learning workload and to run machines via programming frameworks. Artificial intelligence chips include fixed-programmable gate arrays, application-specified integrated circuits, and graphics processing units. These chips gain efficiency and speed by incorporating large numbers of smaller transistors that consume less energy and run faster.

• The rising demand for artificial intelligence enabled machines as they minimise and eliminate the risk of human errors in various industry verticals is aiding the artificial intelligence (AI) chip market growth.
• The rising implementation of artificial intelligence chips in robotics along with the emergence of quantum computing is expected to boost the market expansion. Moreover, increased efforts towards the development of autonomous robots are also increasing the demand for artificial intelligence chips.
• The rising demand for smart homes and increasing development of smart cities along with huge investments in AI related startups are expected to positively influence the market growth. AI chips are an integral component of smart homes and cities as they are especially designed accelerators for artificial neural network (ANN) based applications.

Global Artificial Intelligence (AI) Chip Market Analysis

Global Artificial Intelligence (AI) Chip Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Chip Type

• GPU
• ASIC
• FPGA
• CPU
• Others

Market Breakup by Technology

• System On Chip
• System In Package
• Multi Chip Module
• Others

Market Breakup by Processing Type

• EDGE
• Cloud

Market Breakup by Application

• Nature Language Processing
• Robotics
• Computer Vision
• Network Security
• Others

Market Breakup by End Use

• Automotive and Transportation
• BFSI
• Healthcare
• IT and Telecom
• Media and Advertising
• Retail
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market Share by End Use

The BFSI sector is anticipated to account for a significant artificial intelligence (AI) chip market share over the forecast period as the deployment of advanced solutions in banking and finance applications helps accelerate productivity and reduce burden by eliminating the risk of human error. Artificial intelligence chips are an integral part of AI technology which aids the BFSI sector in preventing systemic failures, lowering operational risks, and implementing fraud prevention and detection strategies.

Market Share by Region

North America is expected to account for a significant share of the market owing to the continuous efforts of various government institutions and organisations towards the development and deployment of advanced technological solutions, including robotics and automation. The rising investments by major market players in the United States towards the development of smart artificial intelligence chip solutions are also expected to boost the market growth in the region. Moreover, the rising requirement in the IT and telecom sector is also boosting the artificial intelligence (AI) chip market demand in North America.

Competitive Landscape

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the artificial intelligence (AI) chip market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

Intel Corporation

Intel Corporation is one of the world's largest semiconductor chip manufacturers and is known for supplying microprocessors for computer system manufacturers including Dell, HP, and Lenovo, among others. Intel also manufactures products such as graphic chips, motherboard chipsets, and embedded processors.

Alphabet Inc.

Alphabet Inc. is a multinational technology conglomerate holding company, headquartered in California, United States. Alphabet is the parent company of a diverse set of subsidiaries including, Calico, Google, Verily, and Wing, among others.

IBM Corporation

IBM Corporation, founded in 1911 is an IT services and IT consulting company that specialises in IT infrastructure, artificial intelligence, and technology support, among others. The company is headquartered in New York, United States.

Other market players include Nvidia Corporation, Qualcomm Technologies, Inc, Graphcore Limited, Advanced Micro Devices, Inc., Micron Technology, Inc, MediaTek Inc, and SambaNova Systems, among others.