North America Artificial Intelligence (AI) Chip Market

AI Chip market in North America is expected to grow from US$ 2.50 Bn in 2018 to US$ 30.62 Bn by the year 2027 with a CAGR of 32.0% from the year 2019 to 2027.

The increase in data generation due to the increasing proliferation of digital services is boosting the growth of the AI chip market. The significant investments in AI chip start-ups are also anticipated to boost the market growth. Moreover, the adoption of cloud-based AI solutions is anticipated to propel artificial intelligence Chip market growth in the forecast period. Presently, the major applications of AI chip are in the data center/cloud computing segment, and this trend is anticipated to continue over the forecast period. Also, rising adoption of AI in developing regions, evolving architectures of AI chips, and increasing applications across various industry verticals are driving the AI chip market. Owing to this growing trend, companies are anticipated to produce high-quality service by adopting cloud-based artificial intelligence services. The artificial intelligence technology is complex and expensive to build in-house by any enterprise. Not every mid-size or to some extent even the large enterprise finds it feasible to invest in in-house artificial intelligence system. Hence, most enterprises use data centers for their artificial intelligence applications. Each enterprise requires a specific artificial solution, and using cloud service providers for the same are considered as the best business model for artificial intelligence technology providers. Hence, in the coming years, the adoption of cloud-based artificial intelligence solutions is expected to grow at an impressive rate over the forecast period.

The GPU segment of the AI Chip market led the North America market with maximum share and is expected to continue its dominance over the forecast period. The AI Chip market by type is segmented into CPU, GPU, ASIC, FPGA, and others. The other segment includes SoC and other custom chips used for AI applications. GPUs are good at fetching large amounts of memory, and they offer energy efficient means of managing the complex array of calculations involved in training a neural network. It means that GPUs can train more neural networks with less hardware. However, in artificial intelligence applications, inference applications are as important as the training ones, so companies require chips which can quickly execute neural networks through inference. For this, many big tech companies are building their specific inference solutions such as Google’s TPU. For inference applications, Microsoft uses FPGAs and Baidu uses GPUs; they are more relevant for training but can work for inference also when combined with suitable software.

The US dominated the AI Chip market in 2018 and is anticipated to continue the dominance in the market across the North American region through the forecast period. The US is a highly advanced country in North America and a country where investments in advanced technologies are very high. The US has deep integration of IoT based connected devices that generate a huge amount of digital data every second. Also, with tech giants like NVIDIA, Google, Apple present in the US and their focus on artificial intelligence R&D and deployment, US is expected to be the dominant leader in AI Chip market over the forecast period. The figure given below highlights the revenue share of the Mexico in the AI Chip market in the forecast period:

Maxico Artificial Intelligence (AI) Chip Market Revenue and Forecasts to 2027 ( US$ Bn)

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North America Artificial Intelligence (AI) Chip Strategic Insights

Strategic insights for the North America Artificial Intelligence (AI) Chip provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Artificial Intelligence (AI) Chip Report Scope

North America Artificial Intelligence (AI) Chip Regional Insights

The geographic scope of the North America Artificial Intelligence (AI) Chip refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

NORTH AMERICA AI CHIP MARKET SEGMENTATION

By Segment

• Data Center
• Edge

By Type

• CPU
• GPU
• ASIC
• FPGA
• Others

By Industry Vertical

• BFSI
• Retail
• IT & Telecom
• Automotive & Transportation
• Healthcare
• Media & Entertainment
• Others

By Country

• U.S.
• Canada
• Mexico

AI Chip Market - Companies Mentioned

• Advanced Micro Devices, Inc.
• Alphabet Inc. (Google)
• Huawei Technologies Co., Ltd.
• IBM Corporation
• Intel Corporation
• Micron Technology, Inc.
• NVIDIA Corporation
• Qualcomm Incorporated
• Samsung Electronics Co., Ltd.
• Xilinx, Inc.