Artificial Intelligence

AI chipset market dominates growth charts as it is set to hit $60 Billion USD

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Artificial intelligence is one of the most famous and interesting fields of technology right now.  It has applications in almost all of our daily life technology. You can say that perhaps it is the future of the tech world. Interestingly, a new finding says that the global AI Chipset industry will hit  59.2 billion US dollars by the year 2025. A new report by Million Insights says that this industry will grow by 33.6 percent every year from 2019 to 2025. The AI chipset is a part of modern electronics that accelerates Machine learning workloads.

Since most of the modern computing applications use the concepts of machine learning. It is essential that hardware manufacturers include such processors in their devices. Take Apple for example there is a dedicated neural engine in their latest A11 Bionic chip to accelerate app renders. This implementation is only expected to increase in the years to come. Therefore the researchers can easily predict where this industry will be in the years to come.

The AI industry is not only linked to computers and smartphones. These applications have also made their way to other daily devices. Smart cars for example will use similar chipsets. In addition to that smart homes is another big area where this industry will expand. In the coming years, the demand for faster processors will only increase because of our ever-increasing data complexity and magnitudes.  Higher demand will translate to more investments and larger market share.

The demand and need to build more powerful and faster than ever processors is the main driving factor of the AI industry. Researchers are experimenting with different architectures as well as different materials to build processors that meet modern requirements. One of the companies even ditched electricity and went for a light-based solution. the goal ultimately is developing hardware that can accelerate machine learning tasks.

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Artificial intelligence devices will not only support the semiconductor industry, they will also find their way in other fields where high-speed computation reduces operational and maintenance costs. Furthermore, all the smart city development projects in the world as well as smart homes, drive the projected demand for AI Chipsets even higher.

Integrating Artificial Intelligence using deep learning and machine learning is also one major road for market growth. Major companies like IBM Corporation are currently working on developing features like natural speech and commands to Artificial systems.

Moving on The increase in demand for AI Chipsets will also translate for more growth in other technology developers. Take visual technologies, for example, a lot of these algorithms rely on visual data. Consequently, the hardware that provides this data also has to be manufactured. Companies like Adapteva, Qualcomm Technologies, Graphcore, Google, Intel Corporation, Advanced Micro Devices, Xilinx, and Huawei are some of the names that will be highlights of the future in these fields.

Autonomous vehicles, also known as self-driving cars, are one of the major breakthroughs in the field of automotive and transportation. Going ahead this industry will also play a role in increased demand for AI chipsets. Interestingly, this market will register 63.1% CAGR over the forecast duration, 2021 to 2030.

Lastly, we can all agree on the fact that the days of technology-related companies leading the world are not over. Going into the future their share and hold in our society will only increase. However, we must also understand that this not necessarily a bad thing. It is the only way to go forward and progress for humanity.

 

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