Artificial Intelligence (AI) solutions are expected to contribute considerably while handling the COVID-19 outbreak and also address the subsequent emergence of challenges. The pandemic has prompted numerous pharmaceutical firms as well as healthcare establishments to boost their research and development (R&D) funding in AI. AI solutions help in e-learning, the demand for which is anticipated to skyrocket with the closure of various educational institutes like universities and schools. The technology also helps in offering remote assistance while preventing unnecessary travel, which is the main focus during the outbreak. The rising use of smartphones as well as smart devices also seems to be working favor of the artificial intelligence chip market all over the world.

Artificial intelligence (AI) chipset are silicon-based chips that are integrated with devices to support AI technologies. Increasing utilization of AI technologies is projected to boost the demand for these chipsets over the next couple of years. This report presented by Market Research Future (MRFR) suggests that the global artificial intelligence (AI) chipset market is supposed to strike 31.03% CAGR across the evaluation period 2018 to 2023. The valuation of the market is projected to reach USD 16.65 Bn by 2023.

Also Read: [FURL]http://www.marketwatch.com/story/artificial-intelligence-chipset-market-covid-19-analysis-industry-challenges-market-forecast-size-share-trends-and-opportunities-2020-08-12 /[/FURL]

Regional Analysis:

The top markets for AI chipset are APAC or Asia Pacific, MEA or Middle East & Africa, North America, Europe, and South America.

North America can possibly emerge as the most profitable market for AI chipsets in the years ahead, thanks to the existence of a huge number of celebrated tech giants like Google, Amazon.com Inc. and IBM Corporation. The region holds a vast population with high purchasing power, which adds to the market strength as well. High investments in infrastructure, along with the rising focus on building in-house production sites for AI applications also benefits the regional market. The region is also observing a surge in the number of start-ups that develop advanced AI chipsets, one of which is Cerebras in the U.S. that has developed a large AI chip to be used in data centers.

Segmentation:

On the basis of Component, the [FURL=https://www.marketresearchfuture.com/reports/artificial-intelligence-chipset-market-4987/]artificial intelligence (AI) chipset industry[/FURL] has been segmented into hardware (processors, GPU, ASIC, FPGA, CPU, memory, and network) and software.

Based on technology, the artificial intelligence (AI) chipset market has been segmented into machine learning, natural language processing, and others (deep learning and computer vision).

By Application, the artificial intelligence (AI) chipset market has been segmented into smartphones, robotics, automobile, smart wearable, security systems, and medical imaging.