Artificial Intelligence Chip Market To Reach $383.7 Billion, Globally, By 2032 At 38.2% Cagr: Allied Market Research

The global artificial intelligence chip market was valued at $14.9 billion in 2022 and is projected to reach $383.7 billion by 2032, registering a CAGR of 38.2%. AI chips consist of AI specialized graphics processing units (GPUs), application-specific integrated circuits (ASICs), and field-programmable gate arrays (FPGAs). The market is driven by the rise in demand for smart homes and smart cities, increase in investment in AI startups, and emergence in quantum computing. The market opportunity is also driven by increase in adoption of AI chips in developing economies.