PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1567246
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1567246
Artificial Intelligence in Hardware Market, By Type of Hardware, By Application, By End-use Industry, By Geography
Global artificial intelligence in hardware market is estimated to be valued at USD 56.21 Billion in 2024 and is expected to reach USD 158.46 Billion by 2031, exhibiting a compound annual growth rate (CAGR) of 16% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 56.21 Bn |
| Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
| Forecast Period 2024 to 2031 CAGR: | 16.00% | 2031 Value Projection: | US$ 158.46 Bn |
Rising demand for AI chips in smart wearables, smartphones and other consumer electronics can boost the need for specialized AI hardware. AI chipsets are able to process huge volumes of data much more efficiently than generic CPU and GPU systems. These perform complex deep learning and neural network-based computations at significantly faster speeds using less power. Various companies have been designing and developing application-specific integrated circuits (ASICs) and system on chips (SoCs) customized for handling AI workloads. Growing adoption of AI across industries for applications like image recognition, natural language processing, and others can boost demand for AI in hardware.
Market Dynamics:
Global artificial intelligence in hardware market growth is driven by factors like rising implementation of AI in consumer electronics, increasing focus on developing human-centric AI and growing investments by companies in AI chip startups. However, high initial investments requirements for development of AI hardware and scarcity of experts can hamper the market growth. Advancements in technology like edge computing and 5G networks can create new opportunities. Edge devices with integrated AI capabilities enables real-time data analytics and low latency processing for applications in IoT, automation and autonomous vehicles. Many established players have also been investing heavily in startups to gain expertise in specialized AI chip technologies.
Key features of the study:
This report provides in-depth analysis of the global artificial intelligence in hardware market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global artificial intelligence in hardware market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Advanced Micro Devices Inc., Amazon.com, Inc., Apple Inc., Baidu, Inc., Facebook, Inc., Google LLC, H2O.ai, Huawei Technologies Co., Ltd., IBM Corporation, Intel Corporation, Lifegraph, MediaTek Inc., Microsoft Corporation, NVIDIA Corporation, Qualcomm Technologies, Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global artificial intelligence in hardware market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global artificial intelligence in hardware market
Detailed Segmentation-
- By Type of Hardware Insights (Revenue, USD Bn, 2019 - 2031)
- AI Processors
- AI Accelerators
- AI Chips
- AI-enabled Servers
- By Application Insights (Revenue, USD Bn, 2019 - 2031)
- Robotics
- Automotive
- Healthcare
- Consumer Electronics
- Data Centers
- Others
- By End-use Industry Insights (Revenue, USD Bn, 2019 - 2031)
- IT and Telecommunications
- Manufacturing
- Retail
- Automotive
- Healthcare
- Others
- Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- Advanced Micro Devices Inc.
- Amazon.com, Inc.
- Apple Inc.
- Baidu, Inc.
- Facebook, Inc.
- Google LLC
- H2O.ai
- Huawei Technologies Co., Ltd.
- IBM Corporation
- Intel Corporation
- Lifegraph
- MediaTek Inc.
- Microsoft Corporation
- NVIDIA Corporation
- Qualcomm Technologies, Inc.
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Type of Hardware
- Market Snippet, By Application
- Market Snippet, By End-use Industry
- Market Snippet, By Region
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New System Launches/Approvals
- Impact of COVID-19 Pandemic
4. Global Artificial Intelligence in Hardware Market, By Type of Hardware, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
- AI Processors
- Introduction
- Market Size and Forecast, 2019-2031, (USD Bn)
- AI Accelerators
- Introduction
- Market Size and Forecast, 2019-2031, (USD Bn)
- AI Chips
- Introduction
- Market Size and Forecast, 2019-2031, (USD Bn)
- AI-enabled Servers
- Introduction
- Market Size and Forecast, 2019-2031, (USD Bn)
5. Global Artificial Intelligence in Hardware Market, By Application, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
- Robotics
- Introduction
- Market Size and Forecast, 2019-2031, (USD Bn)
- Automotive
- Introduction
- Market Size and Forecast, 2019-2031, (USD Bn)
- Healthcare
- Introduction
- Market Size and Forecast, 2019-2031, (USD Bn)
- Consumer Electronics
- Introduction
- Market Size and Forecast, 2019-2031, (USD Bn)
- Data Centers
- Introduction
- Market Size and Forecast, 2019-2031, (USD Bn)
- Others
- Introduction
- Market Size and Forecast, 2019-2031, (USD Bn)
6. Global Artificial Intelligence in Hardware Market, By End-use Industry, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
- IT and Telecommunications
- Introduction
- Market Size and Forecast, 2019-2031, (USD Bn)
- Manufacturing
- Introduction
- Market Size and Forecast, 2019-2031, (USD Bn)
- Retail
- Introduction
- Market Size and Forecast, 2019-2031, (USD Bn)
- Automotive
- Introduction
- Market Size and Forecast, 2019-2031, (USD Bn)
- Healthcare
- Introduction
- Market Size and Forecast, 2019-2031, (USD Bn)
- Others
- Introduction
- Market Size and Forecast, 2019-2031, (USD Bn)
7. Global Artificial Intelligence in Hardware Market, By Region, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- North America
- Regional Trends
- Market Size and Forecast, By Type of Hardware, 2019-2031, (USD Bn)
- Market Size and Forecast, By Application, 2019-2031, (USD Bn)
- Market Size and Forecast, By End-use Industry, 2019-2031, (USD Bn)
- Market Size and Forecast, By Country, 2019-2031, (USD Bn)
- U.S.
- Canada
- Europe
- Regional Trends
- Market Size and Forecast, By Type of Hardware, 2019-2031, (USD Bn)
- Market Size and Forecast, By Application, 2019-2031, (USD Bn)
- Market Size and Forecast, By End-use Industry, 2019-2031, (USD Bn)
- Market Size and Forecast, By Country, 2019-2031, (USD Bn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Regional Trends
- Market Size and Forecast, By Type of Hardware, 2019-2031, (USD Bn)
- Market Size and Forecast, By Application, 2019-2031, (USD Bn)
- Market Size and Forecast, By End-use Industry, 2019-2031, (USD Bn)
- Market Size and Forecast, By Country, 2019-2031, (USD Bn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Regional Trends
- Market Size and Forecast, By Type of Hardware, 2019-2031, (USD Bn)
- Market Size and Forecast, By Application, 2019-2031, (USD Bn)
- Market Size and Forecast, By End-use Industry, 2019-2031, (USD Bn)
- Market Size and Forecast, By Country, 2019-2031, (USD Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East
- Regional Trends
- Market Size and Forecast, By Type of Hardware, 2019-2031, (USD Bn)
- Market Size and Forecast, By Application, 2019-2031, (USD Bn)
- Market Size and Forecast, By End-use Industry, 2019-2031, (USD Bn)
- Market Size and Forecast, By Country, 2019-2031, (USD Bn)
- Israel
- GCC Countries
- Rest of the Middle East
- Africa
- Regional Trends
- Market Size and Forecast, By Type of Hardware, 2019-2031, (USD Bn)
- Market Size and Forecast, By Application, 2019-2031, (USD Bn)
- Market Size and Forecast, By End-use Industry, 2019-2031, (USD Bn)
- Market Size and Forecast, By Country/Region, 2019-2031, (USD Bn)
- South Africa
- North Africa
- Central Africa
8. Competitive Landscape
- Company Profiles
- Advanced Micro Devices Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- com, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Apple Inc.
- Baidu, Inc.
- Facebook, Inc.
- Google LLC
- ai
- Huawei Technologies Co., Ltd.
- IBM Corporation
- Intel Corporation
- Lifegraph
- MediaTek Inc.
- Microsoft Corporation
- NVIDIA Corporation
- Qualcomm Technologies, Inc.
- Advanced Micro Devices Inc.
9. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
10. Research Methodology
- References
- Research Methodology
- About us and Sales Contact
