Artificial Intelligence (AI) Chipsets Market Size, Share, Growth Analysis, By Chipset Type (CPU, GPU), By Workload Domain (Training, Inference), By Computing Technology (Cloud AI Computing, Edge AI Computing), By Industry Vertical (Consumer Electronics, Automotive), By Region - Industry Forecast 2024-2031

The North America market has a market share of more than 39%. This is because the number of the headquartered US based tech giants in the market for AI chipsets. NA zone is full of highly marketable population with high purchasing power, continuous investments in infrastructure and governmental interest in production AI apps. For instance, the budget allocated for AI R&D by the federal government has been raised over the past few years in the National AI R&D Strategic Plan. This initiative is designed to increase the availability and the integrity of the cyber infrastructure, which is considered a vital component of the nation's digital infrastructure. The dominance of the market for AI chipsets manufacturing by the American corporations is reinforced by the fact that most of the players in this segment are based in the U.S. The major participants are NVIDIA Corporation, Intel Corporation, Micron Technology, Qualcomm Technologies, EPIC, IBM Corporation, as well as Google Inc., Microsoft Corporation, and Amazon Web Services, Inc. The competition, however, the industry in North America has seen an increased acceptance of AI technology, the industry has employed AI in different sectors like automotive, manufacturing, healthcare, retail and advertising among others. The AI chipsets market gets a chance because of fast increase of AI-reasonable applications.For instance, SambaNova System (an AI hardware and software startup) secured around $200 million funding in 2024 quarter 1 for increasing the development and deployment of the AI chip solutions. Therefore, contributing to further investments, increasing the expansion of the AI applications and its technical advancements. 

On the other hand, Asia Pacific is the fastest growing region in the AI chipset market. The adoption of AI technology is increasing across different sectors such as healthcare, automotive, and manufacturing which is driving the regional growth. Furthermore, the region is experiencing a boost in the investments in AI startups and research, which is driving the growth of the market. The countries which include China, Japan, and South Korea are leading the path of AI development, by providing significant investments in research and development. Therefore, the Asia Pacific region is experiencing significant growth in the global AI chipset market. Based on our analysis, the China’s market for semiconductor industry is anticipated to be around $29 billion by 2024. This growth is considerably contributing to the AI chipset market and will increase investments and advancements in China which will drive innovations and production of AI chipsets within the region, supporting the expansion of the market.