IMARC Group’s latest research report, titled “Machine Learning Chip Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
The global machine learning chip market reached a value of US$ 5.86 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 33.02 Billion by 2027 exhibiting a CAGR of 31.20% during 2022-2027.
Machine learning (ML) represents a part of artificial intelligence (AI) that operates on experiential learning instead of programming for making decisions. ML chips are installed to improve intellectual property cores as well as design and tool flows. In addition to this, they assist in automating the tuning and routing of devices to enhance the power, performance, and area (PPA) results via ML, analytics, and optimization. The hardware infrastructure of these chips generally consists of three components, networking, storage, computing, etc. Some of the common ML chips include application-specific integrated circuits (ASICs), field-programmable gate arrays (FPGAs), graphics processing units (GPUs), etc. They are utilized for error prevention and cost-saving purposes across various industries, such as automotive, media and advertising, manufacturing, transportation, finance, etc.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by technology, chip type, industry vertical and region.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for machine learning chip market
- Strategies of major players and product offerings
The widespread adoption of AI in numerous industry verticals and the introduction of quantum computing are primarily driving the machine learning chip market. Additionally, the expanding gaming industry has led to a shift from central processing units (CPUs) towards graphics processing units (GPUs) for simultaneously performing several complex tasks, which is further catalyzing the market growth.
Besides this, the inflating popularity of smart infrastructures in corporate organizations is acting as another significant growth-inducing factor. Moreover, the growing number of machine learning (ML) applications is also positively influencing the global market. Apart from this, the development of human-like robots to reduce human intervention and errors are anticipated to fuel the machine learning chip market over the forecasted period.
Key Players Included in Global Research Report:
- Advanced Micro Devices Inc.
- Amazon Web Services Inc. (Amazon.com Inc.)
- Cerebras Inc.
- Google LLC
- Intel Corporation
- International Business Machines Corporation
- NVIDIA Corporation
- Qualcomm Incorporated
- Samsung Electronics Co. Ltd.
- Taiwan Semiconductor Manufacturing Company Limited
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COVID-19 Impact on Market: (Positive Impact)
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Breakup by Technology:
- System-on-Chip (SoC)
- Multi-chip Module
Breakup by Chip Type:
The Breakup by Industry Vertical:
- IT and Telecom
- Media and Advertising
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
TOC for the Machine Learning Chip Market Research Report:
- Scope and Methodology
- Executive Summary
- Global Machine Learning Chip Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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