Global AI Chips Market Size | 2019-2032

Artificial Intelligence (AI) Chips Market Growth and Performance

Key Takeaways:

• In 2023, the global AI chips market size reached US$ 57.45 Billion, witnessing a YoY growth of 21.3%.
• The market is projected to experience a significant upsurge in market revenue, reaching US$ 268.71 Billion by the end of 2032.
• In terms of growth, the global AI chips market is anticipated to expand at a CAGR of 18.5% between 2024 and 2032.
• The ai processor chips market segment is projected to experience a significant upsurge in market revenue, reaching US$ 162.63 Billion by the end of 2032.
• The AI chips market is expected to witness an absolute dollar opportunity of US$ 211.26 Billion between 2024 and 2032.
• Among the diverse regions within this market, North America AI chips market took the lead, reaching a market value of US$ 21.13 Billion in 2023.
• The fastest growing market among regions is Latin America, experiencing a CAGR of 22.4% between 2024 and 2032.
• While all the leading countries are still important, US ruled as the leading market in the global AI chips industry in 2023.
• Among the diverse end users, consumer electronics was the largest end-user vertical in terms of spending in the market in 2023.
• The global AI chips market growth is mainly driven by rising demand for scalable and agile IT Infrastructure and growing adoption of microservices architecture.

Artificial Intelligence (AI) Chips Market Scope

AI Chips Industry: Regional Coverage