Original article was published on artificial intelligence
The Rising demand for electric vehicles is anticipated to fuel the North America Artificial Intelligence (AI) Chip market growth. The automobile manufacturers to continuously focus on innovating, designing, and developing autonomous cars which have already attracted a fair percentage of customers in major automotive manufacturing countries. Pertaining to the consumers’ demand and attraction toward smart and fully-autonomous cars, semiconductors are expected to become an integral part of the innovations in the automotive industry in the coming years.
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 North America Artificial Intelligence (AI) Chip Market is growing along with the Electronics and Semiconductor industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
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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.
These factors are expected to offer broad growth opportunities in the Electronics and Semiconductor industry and this is expected to cause the demand in the market.
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NORTH AMERICA AI CHIP MARKET SEGMENTATION
By Industry Vertical
- IT & Telecom
- Automotive & Transportation
- Media & Entertainment
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.
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