The growth, says the firm, will be driven by the need for high-speed processors due to rapid growth in the volume of data from the increasing penetration of e-commerce and social media. The AI chipset addresses the need for faster processing due to enabled machine learning in smartphones and other smart devices, such as the neural engine in Apple's A11 Bionic chip's GPU to speed-up the third-party applications.
With the rise in AI applications ranging from smartphones to the automobile industry, says the firm, the adoption of AI-enabled chipsets has been noted considerably, with the adoption of smart homes and smart cities also directly influencing the AI chipset market's growth by providing numerous opportunities. High demand in high-speed processors due to increased data complexity is sen as one of the major factors driving the growth of the market.
The consumer electronics industry is seeing rapid adoption of the AI chipset owing to the rising demand for faster processors, and new types of hardware/semiconductor accelerators are being introduced with the rapid evolution in AI with machine learning and deep learning. Growing demand for faster computing processors with reduced operational and maintenance costs, says the firm, has certainly boosted the AI chipset market growth.
Key suggestions from the report include the following:
- A considerable surge in smart home and smart city development is anticipated to create a broad potential for manufacturers in the AI chip market.
- The integration of AI using machine learning and deep learning with a set of electronic components is estimated to remain a substantial growth opportunity for the market. Prominent companies as IBM are significantly involved in the integration of new AI capabilities such as natural language dialogue and storytelling in their AI chipset tools.
- Market players are focusing on providing advanced set of electronic components, which provides advanced features, such as visual intelligence for better recognition and differentiation of locations, spaces, and objects.
- Key market players are